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BTC update 4H TF Bulls are still looking WEAK!!!Firstly let's understand this: BTC is moving in 4-year cycles due to the Halving event which reduces bitcoin mining by 50% after each halving. This serves the reason for an Upward rally 📈 as from its diminishing supply. > Currently Bitcoin price is now trading below 20.0k > Bitcoin weekly candle closed in green but this candle shows that Bulls are still weak. > Bulls have been facing constant resistance at the 20k price level. > Constant and continued rejections could push Bitcoin price to trade near the 18k support level. If we do not hold the support at 19.6k, then we will be looking for another leg down 📉 Good news - most probably it will be the last bearish impulse. If BTC gains sufficient volume at re-test of lower level and bounces back up most probably we will see it move up to 21-21.5k where will be the first portion of sellers. Personal POV: For better trades I see it's better to accumulate BTC and some strong project altcoins in the current market conditions and scalp short-term moves with a low risk. 🚨Market Update: Total Weekly Crypto Asset flows have recorded for the first time in the last 4 weeks a net positive of $9.2 million, which is extremely small in comparison with previous weeks, and most of the volume has come from short investment products, however, this is one of the signs we were looking for before the next move.
by tradenader
ETH has been trending higher the past few days (MERGE Effect? )ETH is now trading near 1650$ . It is moving inside a rising channel on 4H time frame. Now there are two scenarios: 1- ETH breaks down the channel then that is short term Bearish signal for ETH and it can test 1476$ - 1400$ level. 2- ETH holds the lower support zone of the channel then it can again go for upper resistance line of the channel and potentially break it. Pick the direction according to the side of breakout. On the daily time frame we can see that ETH is trading in an accumualtion "livermore" cylinder with targets are 2500$ and 3300$ . Invalidation of the pattern is below 1400$ . At the moment it looks like compression is coming to an end and breakout will happen 👀 Current Resistance area between: > 1680 > 1700 > 1790 Personal POV: Looking for a test of the 1700$ area, hoping for a breakout toward 1800$ as continuation🤞
by tradenader
BTC MarketAction Analysis (Techno/Funda Analysis)After breaking its ascending channel that lasted for about 2 months, BTC fell in a falling wedge from the 25,000 to 19,500. Now BTC is in its demand range and according to the importance of this level which has the potential to reverse price, and the orders available in this range, there are 2 scenarios: Bullish scenario : It is possible that if the demand increases in this range, the price will rise to the $25,000 range. Bearish scenario : considering the macro factors ( Economic Data, Inflation, War, Political conflict about the JCPOA which can lead to gas shortage in upcoming winter) and also the price ranging at this level unlike the previous times, if demand decreases and sell pressure increases, we may once again see the price drop to the 17,500 and if it does not hold above this range there is a possibility that the next support will be seen at the 16,400 range.
by zipik
1
Stock ideaAlliant Energy Corporation LNT: Daily and 4h Charts indicate that the stock could be close to a potential breakout to the upper side. The stock has solid support level in the range $58 - $69, which could be low-risk entry point. The upside however looks attractive, especially if the stock would move above $65 - $66. Why could we expect positive moves in LNT? First, the company belongs to electric utilities industry, which is so far one of the top performing industries ytd. Second, with strong 1H/2022 financial results, LNT currently tracking toward the upper half of 2022 earnings guidance range of $2.67 to $2.81 per share. Third, seasonal demand for electricity and natural gas should serve as positive catalyst for the stock to move higher in the next months (ahead of winter season). In addition, LNT has sufficient liquidity; low short interest and dividend yield of 2.3%. And also positive rating on the stock market. Given high gas prices during July-August, we anticipate that LNT should demonstrate solid financial results for 3Q/2022, which are scheduled for release in November 2022. We consider LNT as a good bet for swing trading, especially if to catch the stock at an attractive entry point around $58 per share. Today’s weakness in natural gas price, could open an opportunity for a good entry into the stock.
NASDAQ:LNTLong
by IrinaTK
⚡️BTC DAILY UPDATE⚡️As BTC broke below the significant lower trend line support and it's forming a scary picture currently from the bulls' perspective. Here bulls need to take charge and we need a daily close above the lower trend line resistance to grow above the price level of $25k. If the Current candle closes below the resistance level then it can move down again towards the lower price level of $18500 which is also a support zone and it needs to hold it. Let’s see how it goes in the upcoming hours and whether it will be able to move upside down or not. Thank you.
by Domino_Crypto
⚡️ETH 4HR CHART UPDATE⚡️Hello, traders welcome you all to this exclusive ETH 4hr chart update. If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly. Let’s look into the chart, After printing a bullish divergence at lower trend line support ETH was able to move upside by 10% already and it's currently trading above the green support zone. In a shorter time frame, ETH broke above the triangle pattern upside and printed some potential to move upside towards the upper trend line resistance in upcoming candle formations. Let's see how it goes in the upcoming hours. Pin our channel at the top for this type of quick update. Thank you. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask about this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you
by Domino_Crypto
⚡️TETHER/DOMINANCE 4HR UPDATE⚡️Hello, traders welcome you all to another chart update on USDT DOMINANCE. If you are reading my update for the first time hit the like button follow and comments in the comment section if you find this analysis helpful. As we can see the above-mentioned that USDT dominance currently trading below the resistance level of the parallel channel and the green resistance level after a continuous sharp gain of 15%. Here USDT dominance needs a rejection from bulls' point of view to bring some green relief to bulls. The break above will be more unsatisfactory for bulls at this stage. Let’s see how it goes in the upcoming hours. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask about this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDT.D
by Domino_Crypto
⚡️ETH PRINTING BULLISH DIVERGENCE⚡️Hello, traders welcome you all to this exclusive ETH 4hr chart update. If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly. Let’s look into the chart, As we can see in the above-mentioned chart that ETH currently trading on a lower trend line support after rejection from the upper trend line and a meltdown of 23%. As ETH printing a bullish divergence in 4hr chart, it just needs to hold this level to regain from the current level towards the upper trend line resistance in upcoming days. Candles close below lower trend support will be unsatisfactory for bulls. Let’s see how it goes in the upcoming hours. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask about this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
⚡️ETH 4HR CHART UPDATE⚡️Hello, traders welcome you all to this exclusive ETH 4hr chart update. If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly. Let’s look into the chart, As we can see that according to our previous update ETH moving upside well, it bounce right from the lower trend line in support of the triangle pattern and gained above. In the current scenario, ETH is trading on a support level and higher chance to grow above from current level until ETH holds this level. Candle close below lower trend line support will lead ETH to drop down towards the lower trend green support level. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask about this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
⚡️BTC 4HR CHART UPDATE⚡️Hello, traders welcome you all to this BTC 4hr chart update. If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly. Let’s look into the chart, As we can see in the chart mentioned above that nothing has changed in the 4hr time frame, BTC is still trading at the support zone and holding red MA well. According to the current scenario, BTC broke a dissenting triangle and is currently traded above after a support level retest. Until BTC holds this level chances to grow above the side are high. NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update. If you have anything to ask about this analysis you can ask in the comment section. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto