🔥 Bitcoin Bull-Flag Break Out Confirmed! Next Leg Up Coming 🚀In my most recent BTC analysis I talked about Bitcoin's pending break out of the bull-flag pattern on the chart.
As of today, my initial entry has been hit and the top resistance has been retested as support. This makes me believe that the break out is legit and that a new leg up is on the horizon.
My target remains at 80k, although I wouldn't be surprised if we surpass that.
For the people who missed my last entry, I put a new signal on the chart at the right side. Keep in mind that this is a very tight trade. However, if it plays out it can be a good money maker with an RR of over 7.
Usdt
✅ +24% PROFIT TRADE REVIEW: $TONUSDT- Coin continues to move up, today it soared +24% profit
- When a position makes such move, I start to aggressively protect and guarantee myself a profit.
- I would advise 1 of 2 things:
a) raising Stop loss to +10%
OR
b) sell half and keep original stop
a) or b) depend on your goals, risk torrelence and profit targets
#COTI/USDT#COTI
The price is moving in a bearish channel on a 4-hour frame and we have a support area in green at the 0.1700 level.
We have a higher stability moving average of 100
We have a good bounce being set up from the lower border of the channel
The RSI indicator has a downtrend that is about to break higher
Entry price is 0.200
The first target is 0.2200
The second target is 0.2682
The third goal is 0.3338
NEOUSDT 1W LONG📈Hi all. Timeframe 1 week. NEOUSDT, after a decline, is in accumulation with increased volumes. Fractal of past decline and accumulation, and subsequent growth. I’m considering recruitment to the spot now, with a possible addition from the green zone. Also long during breakout/retest. Let me remind you that the entry at the retest is the safest, but it may not be there if there is a strong exit from the accumulation. It all depends on your trading strategy. Marked goals and levels on the chart.
MTLUSDT.4HThe 4-hour MTL/USDT chart provides a view of the market's movements along with RSI and MACD indicators to gauge momentum and trend strength.
The RSI is at 54.21, which indicates a slight bullish bias as it is above the neutral 50 mark but not yet into overbought territory (above 70). This level of RSI suggests a moderate amount of buying momentum.
The MACD is just above the signal line, also indicating mild bullish momentum. However, it’s close to the zero line, so the upward momentum isn’t particularly strong at this point.
Price action is currently between the first level of support (S1) at $1.731 and the first level of resistance (R1) at $2.323. The presence of the second resistance (R2) at $2.452 indicates that this is a significant area to watch if R1 is breached. Similarly, if the price were to break below S1, the next significant support lies at S2 at $1.529.
For a trading strategy based on this chart, I would monitor for a potential breakout above R1 with increased volume, which could signal a move towards R2. A fall below S1, especially with significant volume, could indicate a potential short opportunity or an exit signal for existing long positions.
The importance of risk management can't be overstated; setting stop-loss orders around S1 could mitigate downside risk in the event of a price reversal. The strategy would also include being vigilant for any signs of a trend reversal indicated by the RSI or MACD diverging from the price movement.
OGNUSDT.4HIn the OGN/USDT 4-hour chart, we're seeing a clear ascending trendline indicating upward momentum over time. The chart includes the RSI and MACD indicators, which provide insight into the momentum and potential trend reversals.
The RSI is just below 60 at 59.20, which is typically considered bullish, but not excessively so — it's not in the overbought territory (above 70) that might suggest an impending correction. The MACD is almost imperceptibly above the signal line and close to the zero line, suggesting only a slight bullish momentum.
The price is currently between the support level (S1) at $0.1967 and the resistance level (R1) at $0.2866. The proximity of the price to R1 suggests that if the price can break and hold above this level, it could move toward the next resistance (R2) at $0.3238.
Given the ascending support line and the price's current level, the chart has a bullish look. The support levels below, S2 at $0.1575 and further down S3 at $0.1079, are significant in that a break below the ascending trendline and S1 could signal a potential reversal of the current trend and a test of lower supports.
As for a trading strategy, I would look for a confirmation of the breakout above R1 with an increase in volume to enter a long position. Conversely, if the price were to break below the ascending trendline and S1, it would be prudent to consider exiting long positions or potentially taking a short position, with appropriate risk management strategies like stop losses placed just below S1 or the trendline to limit potential losses. The use of further confirmation, such as candlestick patterns or additional indicators, could enhance the robustness of these entry and exit points.
ALPINEUSDT.1DOn this daily chart for ALPINE/USDT, we're presented with an outlook that incorporates the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators along with key levels of support (S1, S2) and resistance (R1, R2).
The RSI, sitting just above the neutral 50 mark at 52.04, suggests a slight bullish bias but indicates that the market is neither overbought nor oversold at the moment. The MACD is almost flat and very close to the zero line, indicating that there is no strong momentum in either direction.
Price action is currently between S1 at $2.000 and R1 at $2.884, with the price at the time of the screenshot at $2.520. This suggests a consolidation phase within this range. The fact that the price is maintaining above the psychological level of $2.000 (S1) could be seen as a potentially bullish signal, as it may serve as a strong support level.
A break above R1 would indicate a potential bullish continuation, possibly heading towards R2. However, if the price breaks below S1, it could suggest a bearish reversal with the possibility of the price moving down to test the next support at S2 ($1.755).
For trading strategies, one might look for confirmation of a breakout above R1 with increased volume as a sign of bullish strength. Conversely, a drop below S1 with significant volume could indicate bearish momentum, and traders might look for short opportunities or exit long positions.
As always, additional analysis of ALPINE’s market conditions and potential news events should be considered in any trading decision. It's also essential to implement a sound risk management strategy, potentially setting stop-loss orders near the S1 level to manage downside risk.
DOTUSDT.1DIn this daily DOT/USDT chart, we’re looking at a longer-term perspective of the price movement. The use of trend lines suggests a potential channel or wedge pattern forming, which is a common occurrence in markets and typically indicates areas of support and resistance that traders pay close attention to.
The RSI is at 42.52, edging toward the lower end of the neutral zone but not signaling oversold conditions yet. This could imply a slight bearish bias or a cooling off period after a previous uptrend.
The MACD is below the signal line and negative, which often points to bearish momentum. However, the histogram bars are quite small, indicating that while the bears might have control, the selling pressure is not particularly strong at the moment.
The price is currently near the support level (S1), bouncing off from it. The placement of S1 in conjunction with the upward sloping trend line suggests this could be a critical level to hold for the price to maintain its overall bullish structure.
Looking above, the resistance level (R2) is quite far from the current price, implying there could be significant upside potential if the price were to break through any intermediary resistance levels not marked on this chart.
If I were trading this setup, I would watch for potential buy signals around S1, such as bullish candlestick patterns or a bounce with increased volume. Conversely, a break below S1 with significant volume might indicate a trend change, necessitating a reassessment of the bullish outlook.
It’s always crucial to consider other factors that could influence the price of DOT, including broader cryptocurrency market trends, news related to the Polkadot ecosystem, and overall risk sentiment in the financial markets. With that in mind, maintaining a disciplined approach with proper risk management, such as setting stop-loss orders, is advisable.
COMBOUSDT.1DLooking at the COMBO/USDT daily chart, I can see that it displays the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and key price levels.
The RSI is slightly above the midpoint at 53.13, suggesting a neutral momentum and no immediate indication of an overbought or oversold market. The MACD is quite close to the zero line with a very small histogram value, implying that there's no strong bullish or bearish momentum currently in the market.
Price has recently been in a range, oscillating between the support (S1) at $0.7228 and the resistance (R1) at $1.2078. This indicates a consolidation phase. For a potential bullish scenario, a daily close above R1 could signify a breakout and could lead to further upward movement, potentially testing higher levels. Conversely, a break below S1 could suggest that the price is set to continue lower, potentially to retest previous lows or establish new support levels.
In terms of trading strategy, in the absence of clear signals from RSI and MACD, I would focus on the price action around these key levels. Breakouts should be accompanied by increased volume for confirmation. Given the wide range between support and resistance, there's room for significant price movement in either direction once a breakout occurs.
Risk management should include setting stop losses below S1 for long positions, or above R1 for short positions, to protect against market reversals. It would also be wise to monitor the broader market sentiment and any news or developments that could impact the price of COMBO.
FLOKIUSDT.4HOn the FLOKI/USDT 4-hour chart, I'm assessing the price movements along with the RSI and MACD indicators, as well as the highlighted support (S1, S2) and resistance (R1, R2) levels.
The RSI is at 43.26, which is closer to the lower end of the neutral range but not yet indicating an oversold condition. This suggests that there might be some bearish sentiment in the market, but it's not at an extreme level where we would expect an automatic reversal.
The MACD shows the signal line and the MACD line converging near the zero line, which indicates a lack of strong momentum. The histogram bars are quite small, further suggesting the market is in a consolidation phase without clear direction.
On the price chart, the current level is slightly above S1 at 0.00018306, which acts as the nearest support level. The price has recently bounced from this level, which might suggest some buying interest at or around this point. Should the price fall below this level, S2 at 0.00015754 could be the next area where buyers may emerge.
Looking upwards, R1 at 0.00022048 presents the first resistance level. If the price can sustain a move above this level, it could be a sign of bullish momentum leading towards the second resistance level R2 at 0.00025987.
The trading strategy here would likely revolve around these key levels, looking for breakout or bounce opportunities. If the price approaches R1, I would look for increased volume as a potential confirmation of a breakout. Conversely, if the price retreats to S1, a bounce with significant volume could suggest a good entry point for a long position.
As always, confirmation from other indicators, broader market sentiment, and news specific to FLOKI should be considered before making a trading decision. A comprehensive risk management strategy is also crucial, potentially with a stop-loss order placed just below S1 to protect against unexpected drops.
BTCUSDT.4HIn this 4-hour Bitcoin (BTC) to USDT (Tether) chart, we're seeing several technical indicators and tools applied to determine the market's trajectory. This includes the RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and multiple support (S1, S2, S3, S4) and resistance levels (R1, R2, R3, R4).
The RSI is showing a value slightly above 50, suggesting a neutral to mildly bullish sentiment as it is not within the overbought (above 70) or oversold (below 30) areas. Meanwhile, the MACD is providing a bullish signal with the MACD line (blue) above the signal line (orange), indicating that upward momentum may be building.
The price appears to be approaching a resistance level (R2) at approximately $73,390.70, which could act as a barrier to further upward movement. Should the price break above R1, it could suggest a continuation of the bullish momentum, potentially aiming for the next resistance level at R3 ($78,848.72) and beyond.
On the downside, the nearest support level (S1) lies at around $63,369.35. This level, along with subsequent supports S2 ($60,618.19) and S3 ($56,064.14), could serve as areas where buyers might step in to prop up the price if a retracement occurs.
Notably, the chart also shows an ascending triangle pattern forming, with the flat upper resistance line and the rising lower support line converging. This pattern often indicates continuation, so if I were assessing this chart, I’d be watching for a potential breakout above R1, which might be confirmed by increasing volume.
However, trading within the triangle could continue until a breakout or breakdown occurs. Hence, it’s critical to monitor how the price reacts to these levels. A breakout accompanied by high volume would increase the likelihood of the move being sustained.
In conclusion, while the chart suggests a potential bullish scenario, a trader must be prepared for any outcome, including false breakouts or reversals. As such, I’d have a risk management strategy in place, possibly setting stop losses below the latest swing low or support levels. It's also important to stay informed on the broader market sentiment and news that could impact Bitcoin's price.
BONDUSDT.4HOn this BOND/USDT 4-hour chart, I’m examining the inclusion of the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators alongside identified support and resistance levels.
The RSI, currently at 51.38, is hovering around the mid-point, which suggests neither an overbought nor oversold condition. In the context of the RSI, a reading above 70 typically indicates that an asset is becoming overbought, while a reading below 30 indicates an oversold condition. Therefore, the current RSI level provides no clear directional bias.
The MACD, which is near the zero line and appears with minimal histogram bars, also shows a lack of strong momentum in either direction. The convergence, or lack thereof, of the MACD line and the signal line can offer insights into potential price movement, but as it stands, it's not indicating a strong bullish or bearish momentum.
Looking at the price chart, we see that price has recently been making higher lows, which is tentatively bullish as it suggests an uptrend. However, price action is currently compressed below the resistance level (R1) at $4.734. A breakout above this level could indicate bullish momentum leading towards the next resistance level (R2) at $5.417.
Support levels are marked as S1 at $4.013 and S2 at a lower point. These would be areas to watch for potential buying opportunities if the price were to retrace. Particularly, the $4.000 level is psychologically significant and aligns closely with S1, which could reinforce it as a strong support zone.
To form a complete trading strategy around this chart, I would seek confirmation from price action, such as a bullish breakout above R1 with increased volume. A stop-loss strategy would be prudent, potentially just below S1 to mitigate risk in the case of a false breakout or sudden reversal. As always, it’s wise to consider the broader market context, including any news or events that could impact the price of BOND.
🔥 Bitcoin Bull-Flag Taking Shape: Preparing For 80k!In this analysis I want to take a closer look at Bitcoin's performance over the last few weeks. My earlier analyses proved to be wrong, so waiting until the market shows us clarity is always a good idea.
Now that BTC has established two higher-lows after the big sell-off on March 5th, we can say with some confidence that BTC is currently trading in a bull-flag pattern like the one on the chart.
Bull-flags classically break bullish, so we're going to place our target at the closest round number of 80k. If you want to change this trade into a longer-term one, change the target to 100k with an even higher R/R.
BNBUSDT - Price can exit from triangle and then start to declineHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it in a short time rose to resistance level from support level.
But then it bounced from $597 level and fell to support line of channel, after which BNB made upward impulse.
After this movement, BNB broke $597 level, but then it exited from rising channel and started to decline in triangle.
Soon, price broke $597 level again and in a short time declined to support line of triangle, after which at once bounced up.
Price reached resistance level and then fell back to support line, but recently price rose to resistance line.
Now, I think that Binance Coin can exit from triangle, reach resistance level, and bounce down to $565
If this post is useful to you, you can support me with like/boost and advice in comments❤️
NKNUSDT 1W LONG📈Hi all. NKNUSDT has been in accumulation for almost 2 years, with increased volumes. I am considering spot recruitment now, with possible additions, which I will inform you about additionally (if there are any). Everyone can see the accumulation, so there is a high probability of collecting liquidity and then going up. Also long during breakout/retest. Marked goals and levels.
Bitcoin can reach resistance level and then rebound downHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago rebounded from the support line and made a strong upward impulse to the support level, which coincided with the buyer zone. After this, BTC in a short time broke the 60800 level, made a retest, and continued to move up to the resistance level, which coincided with the seller zone. Price even entered to seller zone, but soon turned around and declined lower the 71250 level, making a fake breakout. Also then price started to trades in the range, where firstly it broke support line and fell to the support level. Then Bitcoin rebounded from the 60800 support level and made impulse up to the seller zone, but when it reached this area, the price at once exited, making a fake breakout of the resistance level. Next, the price some time traded near the resistance level and then declined below, but a not long time ago BTC turned around and started to grow, so now it trades near the 71250 level. Now, I think that Bitcoin can reach a resistance level and then rebound down. For this case, I set my 1st Take Profit at the 65000 level. Please share this idea with your friends and click Boost 🚀
HelenP. I Ripple can continue to move up to $0.6000 levelHi folks today I'm prepared for you Ripple analytics. A not long time ago price started to trades in the resistance zone, which coincided with the 0.6185 resistance level, after which XRP rebounded from this zone and rose to the trend line. Then price turned around from this line and in a short time declined back to the resistance zone and even lower, breaking the 0.6185 level, but soon rose back. Price some time more traded near the resistance zone and later made impulse down to the support level, which coincided with the support zone, thereby breaking the resistance level with the trend line. Next, Ripple turned around from the 0.5725 level and tried to rise more, but when it reached the trend line, the price declined lower support level to the support zone. After this movement, XRP a not long time ago made impulse up from this area, thereby breaking the support level with the trend line one more time. As well, the price reached a resistance level, but in a short time declined to the support level and now it tried to rise again. For my mind, Ripple will make correction to the support level again and then rebound up. That's why I set my target at the 0.6000 level. If you like my analytics you may support me with your like/comment ❤️
Ethereum can make small move down and then rebound upHello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price a not long time ago declined to the current resistance level, which coincided with the support line, and at once turned around and started to move up near this line. In a short time later ETH reached a resistance level, which coincided with the seller zone and broke it, but soon price turned around and declined back to the support line, breaking the 3600 level one more time. Some time ago Ethereum reached this level again, and entered to seller zone, after which rebounded down to the 3250 current resistance level, which coincided with the buyer zone, thereby breaking the support line. After this movement, ETH started to trades in a range, where it rose to the top part, after which Ethereum turned around and in a short time declined to the buyer zone, breaking the 3250 level. But now, I think ETH can little more decline in this zone, after which it turn around and rise back to the range, where later Ethereum will grow more. For this case, I set my target at the 3360 level. Please share this idea with your friends and click Boost 🚀
#USDT Dominance: When AltSeason?My previous chart was hidden by tradingview because of some mistakes. So posting this again with a little change!
Tether broke the long-term support of almost 2184 days. This is an amazing development in the price action. The current level is the point for reversal. If there's any big correction happening, it should be around the halving.
TBH, this chart gives me chills. Imagine if this keeps dumping, you'll see $100k in the EOY! Of course, the road will be bumpy, but sooner or later, it's coming.
Alts will have their time after the halving, Possibly June -July to September 2024!
We could see some massive Alt Rallies!
Invalidation: This chart will be invalidated if we break and close above 4.81% in a weekly candle.
Do your own research, no financial advice.
I hope this chart gives you some clarity over your trade decisions.
Please hit the like button if you found it helpful and share your views in the comment section.
Thank you
#PEACE