SOLUSDT - TP/SL for breakout of Darvas box BYBIT:SOLUSDT
1H trend chart
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SOL is consolidating as a Darvas box so far.
Now it is trying to break out the short-term downtrend line, but might get resistance from the ceiling of box(orange area).
So we can wait it to get rid of this box, if it does, trading strategy as below.
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Profit Targets:
a) 174.475~175.330----Fib(1.272~1.382)
b) 177.160----Fib(1.618)
c) 180.130----Fib(2)
Stop losses:
a) 169.440-----Red horizontal ray
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Tradingstrategies
SHIBUSDT - 3 TPs for this pumpBINANCE:SHIBUSDT
1H trend chart
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SHIB is pumping after retesting Fib 0.382 and breaking out the downtrend line.
Therefore, we can set TPs for it with Fib, trading strategy as below.
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Profit Targets:
a) 0.3878----Fib(1)
b) 0.4130~0.4232----Fib(1.272~1.382)
c) 0.445----Fib(1.618)
Stop losses:
a) 0.3377-----Red horizontal ray
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MANAUSDT - is going to pump?BYBIT:MANAUSDT
1H trend chart
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MANA had gotten resistance at Fib 0.5, but already broke it out and being support level now.
Also, it got rid of the downtrend line, and we can take entry here(with tight SL),
Another entry scenario is that wait it to retest the key level
If we open position here, trading strategy as below.
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Profit Targets:
a) 3.5681----Fib(0.5)
b) 3.89----Blue horizontal ray
Stop losses:
a) 3.310-----Red horizontal ray
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ETH price predictionIn log chart, it broke the bullish trendline to the downside and also completed the pullback to the trendline. As I shared with you before, Fib. 0.382 level would be the first support. If it cannot hold it, then WRL would be the next support level. However, I personally think if the price drops below the Fib. 0.5, it is the first sign of bear market for ETH.
But in linear chart format, WRH level is coincide with the bullish trendline and would be a good support. Breaking these two support would lead to testing the Fib. 382 level.
BITCOIN SHORT TERM SHORT MOVEMENTSo it's fully clear for everyone 52k to 54k acting as resistance right now and market in heavy fear zone. We have to flip this resistance zone to start our bullish journey towards 100k. now major support below 42k and 40k if BTC holds this we will try to break resistance one more time.
TLMUSDT - Broke and retested BYBIT:TLMUSDT
1H trend chart
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TLM has broken a symmetrical triangle out, then retested it and got support from the downtrend line.
Therefore, we can buy it with trading strategy as below.
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Profit Targets:
a) 0.2796----Fib(1)
b) 0.29595~0.3025----Fib(1.272~1.382)
c) 0.3096----Fib(1.618)
Stop losses:
a) 0.25480-----Red horizontal ray
b) 0.2392-----Red horizontal ray
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FTMUSDT - Bullish flag is breaking out?BYBIT:FTMUSDT
1H trend chart
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FTM is getting rid of this descending tunnel so far.
If price can stand above here, trading strategy as below.
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Profit Targets:
a) 1.719----Fib(1)
b) 1.8205~1.8620----Fib(1.272~1.382)
c) 1.95----Fib(1.618)
d) 2.093----Fib(2)
Stop losses:
a) 1.5330-----Red horizontal ray
b) 1.5055-----Red horizontal ray
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AVAXUSDT - Buy it with TP/SLBYBIT:AVAXUSDT
1H trend chart
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AVAX has broken out the descending wedge, so it's a nice timing for long
Our trading strategy as below.
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Profit Targets:
a) 96.53----Fib(1)
b) 101.879~104.030----Fib(1.272~1.382)
c) 108.665----Fib(1.618)
d) 116.165----Fib(2)
Stop losses:
a) 88.365-----Red horizontal ray
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ILVUSDT - Good timing to buy?BYBIT:ILVUSDT
1H trend chart
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ILV is building a possible cup and handle pattern.
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 1387.8----Fib(1)
b) 1434.9~1453.9----Fib(1.272~1.382)
c) 1494.8----Fib(1.618)
Stop losses:
a) 1300.1-----Red horizontal ray
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THETAUSDT - your turn to break it out?BYBIT:THETAUSDT
1H trend chart
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THETA is going to take out its downtrend line on 1H
If price can break it out without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 5.236----Fib(1)
b) 5.531~5.650----Fib(1.272~1.382)
c) 5.905----Fib(1.618)
d) 6.349----Fib(2)
Stop losses:
a) 4.660-----Red horizontal ray
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DOTUSDT - Buying timingBYBIT:DOTUSDT
1H trend chart
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DOT is building an inverse head and shoulder pattern.
Here is a nice entry timing, but it'll be better when price takes out 29.215
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Profit Targets:
a) 30.40~30.880----Fib(1.272~1.382)
b) 31.4----Fib(1.5)
c) 33.58----Fib(2)
Stop losses:
a) 28.015-----Red horizontal ray
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ETHUSD - Buying timing and TP/SLBYBIT:ETHUSD
1D trend chart
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ETH keeps consolidating around the support area we mentioned before.
Recently it fell and hit some key points as below.
1. trend line from Cup and Handle pattern
2. 144 and 169ema
After this strong pullback, ETH goes back to support zone quickly, and now it even shows a closure candle above 12ema on Day chart(blue arrow).
Therefore, the condition of Vegas tunnel trading strategy was met.
Moreover, due to the resistance accumulated around 4600~4800, I suggest you take some profit at our TP from Vegas entry
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Profit Targets:
a) 4791.45----Blue horizontal ray
Stop losses:
a) 3367.95-----Red horizontal ray
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BTC - Bear is coming or Bull is ready?BINANCE:BTCUSDT
1D trend chart
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BTC hasn't gotten bull momentum recently compared with ETH.
And instead, it showed a rapid pullback yesterday as ETH and alts.
While this crypto market faces severe correction, lots people get fear and smell it like bear.
But if we judge it with TA, can see that it fell until touched the uptrend line, also the 144/169emam, means a reasonable support here so far.
It's a good correction if the bull continuation is gonna keep moving.
Next, we need to observe if the price can rally back to 12ema in near future or not, it's a great buying timing after correction.
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Trading Strategy
Profit targets:
a) 59393~61999----Fib(1.272~1.382)--->Already Hit!
b) 67590----Fib(1.618)--->Already Hit!
c) 76640----Fib(2)
Anyway, never forget to control your risk
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BTCUSDT updateI talked about this channel and the pattern for a few weeks and as can be seen, prices follow the pattern perfectly. Also, it broke the channel to the downside.
Personally, I'm looking for a bounce to $60 to $62k area to close a few positions I have at breakeven and think more about short trade opportunities.
HBARUSDT- Broke out this resistance line currentlyBYBIT:HBARUSDT
4H trend chart
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HBAR broke through the downtrend line so far on 4H chart.
If price can keep around here, trading strategy as below.
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Profit Targets:
a) 0.3891----Fib(0.5)
b) 0.41----Fib(0.618)
c) 0.478----Fib(1)
Stop losses:
a) 0.3412-----Red horizontal ray
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BITUSDT - nice Entry timingBYBIT:BITUSDT
1H trend chart
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BIT has broken out the downtrend line which is formed since Nov 21st
And it retested it so far on 1H time frame.
If price doesn't show a fall immediately, trading strategy as below.
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Profit Targets:
a) 2.435----Fib(1)
b) 2.49~2.512----Fib(1.272~1.382)
c) 2.56----Fib(1.618)
d) 2.637----Fib(2)
Stop losses:
a) 2.353-----Red horizontal ray
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CROUSDT - Close to the resistance area and entry timingKUCOIN:CROUSDT
4H trend chart
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CRO has already broken out the downtrend line.
But it is so close to the resistance area , so the safer way to buy is wait it to stand above 0.777(blue horizontal ray)
If price can take out 0.777 without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 0.8199----Fib(1)
b) 0.8688~0.8886----Fib(1.272~1.382)
c) 0.9311----Fib(1.618)
Stop losses:
a) 0.6851-----Red horizontal ray
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CERE updateIn 12h TF, there is a very strong resistant which we need to break it and have a strong close above it for more run. Also, RSI has a bearish trendline which is going to break it to the upside; this is a sign of strength but still no sign of strength in price action.
Personally I will add to my position if price goes to the red line. I will consider to close my position if it close below the red line with high sell volume. I believe it is in the accumulation phase and we need to accumulate too.