SOL - can buy it in this scenario4H trend chart
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SOL is converging in the descending tunnel and it is approaching to the upper downtrend line currently.
If price overcomes the downtrend line, long it with the following trading strategy.
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Profit Targets:
a) 110.635-----Fib(0.5)
b) 118.430-----Fib(0.618)
c) 129.555-----Blue horizontal ray
Stop losses:
a) depend on the timing of break-out
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Tradingstrategies
XAUUSD - KOG REPORT!KOG Report:
In last weeks KOG report we said we would like to see some bearish pressure on Gold as long as the price stayed below the 1960 region. We suggested that if the market opened and pushed to the upside we would be looking for the zones illustrated on last weeks report to hold and then we would be looking to go short. We wanted to see at least the 1910 level target completed, however, the market reached 1914 and then turned bullish again. We suggested during the week in the FOMC report that we had a target of 1945 which you can see has now been achieved.
So what can we expect in the week ahead?
We’re going to keep this report shorter than usual as our plan hasn’t really changed from last week, only the potential regions for reaction have changed which we have updated on the chart.
We’re going to say again that we’re not convinced with the bullish movement at the moment, our bias is still neutral, but we feel there is an opportunity to get in on a short trade to target the lower support levels below 1900! That’s not to say we’re not seeing this go up a bit more. So, we have two targets in mind for the week ahead, the above target of 1970-75 and a lower target area of around 1890-95. We will be looking to either go long from support to target the higher level or 1975 or be looking to short the market from the higher level of 1975 down into lower support levels.
So we will look at this as usual with two scenarios in mind:
Scenario 1:
It would be ideal for the market to open and push up a little to tap into that 1950 supply and face some resistance there. We are expecting a pullback into the regions of 1940, 1935 and potentially 1920. This is where we feel there will be an opportunity to exits any short trades and take the long entry into the higher resistance level of 1970-75 where we will again be looking to go short for the lower levels. Please note, breaking 1920 and staying below this level will take us lower into 1910.
Scenario 2:
Price opens and pushes towards the downside, we will be looking for support to hold first around the 1930-35 region, breaking this the lower price point is 1920. If we see strong support here we will be looking to go long into the higher resistance levels of 1970-75 where again we will be looking to go short to target the lower support levels.
So in essence, there are two key levels we are looking at targeting, we either want to go long from below to target 1970-75 or we want to go short from above to target 1895. Based on the mildness of the breakout on Friday it is very possible that we see this now range again just to really frustrate traders before they actually make the move they want to. While it ranges we will be trading this level to level the KOG way. As usual, we will update the analysis throughout the week and keep you in sync with any changes.
Please do hit the like button, give us a follow and leave a comment. Your support and following is very much appreciated.
As always, trade safe.
KOG
Here are all the reasons I still like Dogecoin!Traders,
Here are all the reasons I still like Doge here:
#1 RSI at 54 with lots of overhead room.
#2 After drawback, still above the 100 day
#3 Retracement was exactly 50% (just like BTC)
#4 Intersecting moving averages. 20 and 100 are intersecting right at support and just below the 50% fib retracement level, making this an extremely strong support level area.
My next target would be the 200 day overhead, a full 24%+ profit from current price.
Best to you all. LMK if you enter this trade here.
- Stewdam.us
AVAX/USDT by CryptoTradersWWOn a simple chart, the former support of $100 has now turned into resistance.
Looking at the most recent price movement, it appears that the price has formed a prospective ascending triangle, implying that buyers are entering on every dip. We received another rejection at $100 yesterday, so if you're thinking about going long, this is a high-risk trade unless we see a reclaim of $100 as support.
The first area of attention is the $80 region, which has numerous levels of confluence. We could see another move down to establish another higher low.
Range point of control + daily support + 50-day moving average The ascending trendline provides support farther down.
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BTC/USDT by CryptoTradersWWThis month, keep it simple with BTC!
The symmetrical triangle was perfectly retested, which is a bullish indicator. However, the market is encountering resistance at the TPO point of control drawn from the start of 2021, which, if broken and held above, would likely lead to additional highs. When price was within this pattern, the 50 - 3-day Moving average served as dynamic support, and it will serve as additional line of defense if price falls back into the triangle.
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AAVE - Take entry with these targetsBYBIT:AAVEUSDT
1H trend chart
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AAVE is converging in a descending tunnel.
It is going to break out the downtrend line right now, so we can take entry with good rr ration here.
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Profit Targets:
a) 261.5----Fib(1)
b) 277.25~283.65----Fib(1.272~1.382)
c) 297.3----Fib(1.618)
d) 319.45----Fib(2)
Stop losses:
a) 231.45-----Red horizontal ray
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Moving Average Cross Over StrategyWe start by creating a visual for when all moving averages are in order and across the 200 moving average . In this example, I have used a vertical line in the colour of our bias direction, Long(Green) , when this condition has been met. We now have an increased confidence by filtering out trade setups that do not meet our bias giving a higher probability and focus.
Levels of previous resistance give us a price that we can enter the market by turning into a new level of support . In this example I have highlighted this with a red arrow located on the left hand side.
Now we have a trading bias and a methodology to set price restrictions to enter the market, we can now trade only long positions and trade setups . In this example I have highlighted long opportunities that have been triggered with arrows in green located on the right hand side. Entry points can be executed on either the daily , 4hour or 1hour charts depending on risk and trading style preference. Please note - Lower time frames may generate more signals which presents more risk.
DASH - Entry timing and targetsBYBIT:DASHUSDT
1H trend chart
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DASH is forming a potential cup and handle on 1H.
If price can breakout the downtrend line, trading strategy as below.
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Profit Targets:
a) 138.5----Fib(1)
b) 142.9~144.7----Fib(1.272~1.382)
c) 148.65----Fib(1.618)
d) 155----Fib(2)
Stop losses:
a) 125.9-----Red horizontal ray
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ALICE - Buy it with this strategyBYBIT:ALICEUSDT
1H trend chart
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ALICE has broken out the neckline, there is the 1st timing to long it.
Next, we can buy it if price gets pullback and support around the line( $7.925).
Trading strategy as below.
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Profit Targets:
a) 8.145~8.235----Fib(1.272~1.382)
b) 8.42----Fib(1.618)
c) 8.730----Fib(2)
Stop losses:
a) 7.560-----Red horizontal ray
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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AXS - Buy it when break out this lineBYBIT:AXSUSDT
4H trend chart
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AXS is consolidating and converging.
It's good for it to accumulate around $65
If price can break out the downtrend line, trading strategy as bleow.
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Profit Targets:
a) 74.5----Fib(1)
b) 80.995~83.625----Fib(1.272~1.382)
c) 89.260----Fib(1.618)
d) 98.385----Fib(2)
Stop losses:
a) 10.882-----Red horizontal ray
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BTC/USD by CryptoTradersWWPrice had a strong breakout from the triangle, and is presently stalled at the point of control drawn from August 2021 to the current price action. Buying at this point is dangerous because the price is at a resistance level.
If we see a retreat from here, $44600 is a potential bounce area, as it is a daily Naked point of control and will coincide with a retest of the broken triangle. If this doesn't hold and price returns to the triangle, it'll be bearish, and we may expect price to fall.
The next level of resistance (daily level + Value area high) is around $50300.
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🚀🚀MATIC - Aim our final target!BYBIT:MATICUSDT
4H trend chart
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Congrats for my followers/friends!
You earn lots with this trading strategy I shared on March 23.
You can increase SL from 1.442 to 1.602, it can protect your unrealized profit.
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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🚀🚀DOT - Crazy pump take all targets!BYBIT:DOTUSDT
4H trend chart
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Congrats my freinds.
You must take over 15% profit with the trading strategy that posted on March 17.
DOT already hit all our targets, so the strategy has been closed, do not forget to take profit.
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NEAR - Take entry hereBYBIT:NEARUSDT
1H trend chart
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There was a timing to enter when NEAR broke the downtrend line.
If you missed it, here is another opportunity to buy, because the price has also broken out the neckline and gotten support of it.
Take entry here and trading strategy as below.
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Profit Targets:
a) 13.138~13.623----Fib(1.272~1.382)
b) 14.142----Fib(1.5)
c) 16.345----Fib(2)
Stop losses:
a) 10.882-----Red horizontal ray
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AAVE - Good timing to take entryBYBIT:AAVEUSDT
4H trend chart
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AAVE is forming a potential cup and handle on 4H.
if price can take out the downtrend line, we can buy it under the trading strategy which has good reward/risk ratio.
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Profit Targets:
a) 165.5----Fib(1)
b) 179.5~181.15----Fib(1.272~1.382)
c) 191.25----Fib(1.5)
Stop losses:
a) 149.3-----Red horizontal ray
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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MATIC - Buy it here with these targetsBYBIT:MATICUSDT
4H trend chart
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MATIC is forming a potential inverse head and shoulders.
The appropriate timing to take entry is when it overcomes the neckline 1.542, and trading strategy as below.
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Profit Targets:
a) 1.6~1.623----Fib(1.272~1.382)
b) 1.649----Fib(1.5)
c) 1.755----Fib(2)
Stop losses:
a) 1.442-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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WHY I AM NOT BULLISH ON BITCOINWHY I BELIEVE ITS TOO EARLY TO BE BULLISH ON BITCOIN AND WHY YOU SHOULD TOO.
Since 26th December 2021 we can see that Bitcoin has been trapped in what I call the falling wage pattern which is between 52k higher high and 32k lower low.
TECHNICAL ANALYSIS : According to babypis, falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume.
The wage trend line has flagged off several times and now is the 2nd time for the bulls to retaliate by driving the bears to the resistance side.
Now price action trapped the market in the middle. the bulls currently drive the trend to resistance line making it the 3rd time the resistance line would be tested which if the bears charges back, we would see the market much lower at the support at 36k
I won't be surprised if that Happens as we can see the H4 RSI showing over bought.
Moreso Horizontally zooming out, you can see the red rectangular shape showing that 51k and 39k has been an area of interest between the bulls and bears since July 30th even before the last 68k bull run. (After the first broke out in 2021 we saw an all time high and currently it's below the resistance line and the question is would we see another dipper market?.)
💡 IDEA : Bitcoin is yet to close above the wage pattern trend line therefore I don't believe the Bitcoin bull run has commenced until H4 candle close above 46,700 and retest the the trend line while holding the bull motion.
CONCLUSION : if you believe that Bitcoin bull run has commenced, you can long it until another all time high is attained
But if you are a rational trader. You can wait until the trend line is broken, Then can ride from any side of the breakout.
How ever bear traders can open a position now at $42,940 and keep your sl at $43,670 which is 1.73% risk
Tp at $36,360 which is 15.27% Profit.
This is for educational purpose and not an investment advice.
If you find this content helpful you can follow and upvote
If you have a contrary opinion or another point of view I would be glad to hear it on the comment side.
Thanks
XRP/USD by CryptoTradersWWOn the lower timeframes, price has been in a bullish market structure for a few days now (higher lows and higher highs, with price challenging this multi-month resistance once more. If price can break through barrier with volume, we can expect higher prices.
For our entry, we'd like to see $0.82 turn into support and 4-hour and daily closes rise above it.
On the chart, I've highlighted a few potential profit targets that I'd like to hit if we get an entry: $ 0.88, $0.91, and $1.00.
My stop loss will be triggered if the price falls back below the trendline after a breakout above it. I'll close the trade after this confirms a fake-out.
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