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BADGER / TetherUS

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BADGERUSDT trade ideas

$BADGER Forming a Weekly Triangle Pattern - Targeting $33-$36Description: $BADGER shows a promising triangle pattern on the weekly timeframe, suggesting potential movement towards the HKEX:33 - HKEX:36 area. Fibonacci retracement levels indicate possible lower targets at $15 and $25. The project's utilization of Bitcoin and low circulating supply adds to its appeal. Hello there! Today, we'll be analyzing $BADGER on the weekly timeframe. The chart is showing a promising triangle pattern, which suggests that we could see a significant move towards the HKEX:33 - HKEX:36 area. Additionally, the project's use of Bitcoin and its relatively low circulating supply make it an interesting asset to watch. Chart Analysis Triangle Pattern: On the weekly chart, $BADGER has been forming a triangle pattern, with the price consolidating within converging trendlines. This pattern typically indicates a period of indecision, which could lead to a strong breakout in either direction once the price breaks one of the trendlines. Fibonacci Retracement Levels: By applying the Fibonacci retracement tool to the chart, we can identify potential lower targets at the 38% ( HKEX:25 ) and 23% ($15) retracement levels. Breakout and Price Targets: We are now looking for a breakout above the upper trendline of the triangle pattern, which would signal a continuation of the bullish trend. The price target range of HKEX:33 - HKEX:36 (61% Fibo) can be calculated by measuring the height of the triangle and projecting it from the breakout point. Project Fundamentals $BADGER has a relatively low circulating supply (<20 million), which could contribute to increased demand and price appreciation. Moreover, the project's focus on utilizing Bitcoin adds to its potential, as it leverages one of the most well-established and widely-accepted cryptocurrencies in the market. Trading Strategy To capitalize on this opportunity, consider entering a long position upon a confirmed breakout above the upper trendline of the triangle pattern. Make sure to place a stop-loss order to protect your capital in case the pattern fails to materialize. Keep in mind that trading cryptocurrencies carries inherent risks, and it's crucial to manage your risk accordingly. Always trade with proper risk management, and never invest more than you can afford to lose. Stay tuned for more updates, and happy trading!
Long
by Techno-Fundamentalist
1
#BADGER/USDT - Long - Potential 100.29%#BADGER/USDT Strategy: Long Exchange: Multi-Exchange Account: Spot Entry mode: Market order in range Invest: 5% Exit: Target 5 : 4.82 100.83% Target 4 : 3.57 48.75% Target 3 : 2.97 23.75% Target 2 : 2.65 10.42% Target 1 : 2.53 5.42% Entry: 2.37 ⌁ 2.42 Current market price: 2.4 Stop: 2.01 (-16.25%) Technical indicators: 4h Volume: 5417271.7171 Satoshis: 2.4 Confirmed breakout, might retrace as RSI comes in so DCA'ing could be employed. ​ Trade: BADGERUSDT 04/01/2023 12:12 Account: SPOT Volume last 24h: 5417271.72 USDT Volume in buy range: 13498.89 USDT
Long
by CryptoNicho
2
BADGER - Bullish divergence On the above 1-day chart price action has corrected a whopping 80% since early November. Now is an excellent time to be bullish from a risk / reward perspective. Here’s why: 1) Support / resistance. Price action has corrected to strong support and resistance (orange lines). 2) Price action resistance breaks out just as before in early July. 3) A ‘great buy’ signal prints. Look left. 4) RSI resistance breaks out, forms a falling wedge pattern and breaks out again, fantastic! 5) Bullish divergence. Although not very clear to see, RSI prints a higher low versus the lower low in price action. Six oscillators are currently printing bullish divergence with price action following the buy signal (that's the important bit). 6) The story is very similar for the BADGER / BTC pair (below) on the daily expect a ‘incredible buy’ prints with price action finding support on the golden ratio. Excellent. 7) lastly on the 3-day chart (bottom), price action prints an excellent long tailed dragonfly DOJI candle indicating massive support on past resistance. As good as it gets. Is it possible price action falls further? Sure. Is it probable? No. A buy from $10 is excellent. Target: $107 Good luck! WW Daily BADGER / BTC chart 3-day chart
Long
by without_worries
33