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WIF/USDT NeoWave Analysis (Daily, Range-Based Chart) 🔍 WIF/USDT NeoWave Analysis (Daily, Range-Based Chart) Based on a range-based (constant range bar) chart, this analysis follows Glenn Neely’s NeoWave principles for identifying complex corrective and impulsive structures: 🌀 Wave Count Summary: 1. Initial Impulsive Wave (Wave A?) Strong bullish movement with high volume around March–May. Likely the start of a terminal pattern (e.g., Leading Diagonal or Expanding Triangle). 2. Prolonged Correction (Wave B?) Large, noisy sideways correction through the summer. Structure appears to be a complex correction (possibly WXY or WXYXZ). 3. Second Sharp Rally (Wave C or E?) Intense bullish move in November, but quickly reversed. Could be Wave C of a Flat or Wave E of an Expanding Triangle. 4. Final Drop (Wave C of Higher Degree) Strong decline into February 2025, likely completing the entire corrective pattern. Appears impulsive, suggesting a terminal wave. 5. Current Phase – Base Building Price consolidating near historical support (~$0.65–$0.85). Potential beginning of a new bullish cycle (Wave 1 or A forming). 📌 Key Levels: Support Zone: $0.50–$0.65 Resistance Zone: $1.10–$1.30 Breakout above resistance with strong volume may confirm the start of a major bullish wave (Wave 3 or C). 📈 Bias: Accumulation and base-building phase with bullish breakout potential if resistance
by mvjalili
STORJ/ USDT - SHORT SET-UP 📊 Key Technical Insights 1. Price Structure Price recently rejected near 0.2550–0.2575 zone (supply/resistance). Lower highs forming, indicating bearish market structure. Current price (~0.2444) is just under minor resistance, which may confirm the start of a new leg down. 2. Risk-Reward Ratio Risk: ~0.0131 (from 0.2444 to 0.2575) Reward: ~0.0258 (from 0.2444 to 0.2186) RRR: ~1:2 — Good risk-to-reward ratio. 3. Support Zones Minor support: 0.2330–0.2300 area — could act as TP1. Major support (TP2): 0.2186 — aligns with historical price reaction. 4. Candlestick Behavior Rejection wicks seen near the 0.2550 zone, confirming supply presence. Recent candles show selling pressure dominating. --- 📉 Trade Plan Summary Component Level Sell Entry ~0.2444 Stop Loss 0.2575 TP1 ~0.2300 TP2 (Main) 0.2186 Trend Bearish --- ✅ Confluences Supporting the Short Setup Double/triple top formation around 0.2570. Lower highs and bearish market structure. Price rejected strongly from resistance zone. Clean support zones below offer logical targets. --- 🚨 Caution If price breaks and closes above 0.2575 with strength, the bearish setup becomes invalid. Watch for fakeouts or consolidation between 0.2400–0.2500.
Short
by RayHanBros
2
BTC Long / Buy SetupBTC is strongly Bullish towards 120k liquidity level, I'm not seeing any healthy correction before hitting the 120k level. If BTC strongly breaks and closes below 106.9k then chances are high that it will touch the weekly level and again come to 107k level, but this time it will struggle to break the 107k level because it will become bearish fvg, if it holds the 107k level and give any strong reaction from the zone then the next level is 120k. even a wick towards 105k or below doesn't matter, any body closing below the 106.9k (at least 4hrs) will lead short term weakness to the trend.
Long
by mejazkhanm
1
ETHUSDT Swing Trade AnalysisEth still struggling to break weekly bearish fvg, rather it's bullish or bearish, it must revisit the orange line which is daily bearish fvg, if it taps this and drops then a good sign , if it doesn't tap this and drops then it's a bad sign for eth, 3rd scenario is if we get any 4hr closing above the green line then I will not take the short and close short on the entry price, then I will short from the 3k area till 2.8k for scalp, if eth rejects from orange line 2583 then I will hold the trade till tp2. short only from the mention zone, if it doesn't tap the bearish fvg i will share another short trade with extended tps. remember that that yellow zone is important eth must retest it or break it to be bullish, without tapping this and drops then it's not a good sign for eth.
Short
by mejazkhanm
Bearish Bias Bitcoin is currently trading around 107,849, showing signs of downward pressure: 🔻 MACD: Bearish crossover — MACD line is below the signal line, momentum is weakening. 🔻 Stochastic RSI: Rejected from mid-levels and turning down — indicating potential continuation of the bearish trend. 🔻 Moving Averages: Price is hovering below MA30 and struggling to reclaim key levels like 108,250. 📉 Key Levels Resistance: 108,250 – 108,600 Support: 107,590 → 107,222 If BTC breaks below 107,590, expect further downside toward 107,222 or even 106,900. 🧠 Outlook: Bearish bias remains in the short term unless BTC reclaims and holds above 108,250 with volume.
Short
by sanluisernest
ETH Bullish pennant!?Let's look at the big timeframe (weekly). currently the price is moving in the consolidation area, forming a triangle with a narrowing trend but in a long time span. therefore there has been no eth spike for several years making it feel boring. big movement if it is able to penetrate the breakout line of 3500-4000$ or there will be a rejection if it fails. Major support is in the area of ​​1500-1700$ which historically is quite good at withstanding high selling pressure.
BITSTAMP:ETHUSD
by MrHans08