CKBUSDT trade ideas
CKBUSDT 1D#CKB has formed a falling wedge pattern on the daily chart. Consider buying at the current price and at its support level of $0.009888. In case of a breakout, the targets are:
$0.014234
$0.016517
$0.020618
$0.023932
$0.027247
$0.031966
Bearish continuation: bear flagChart description:
- Expect (at least) one more low to be made.
- Finished ABC
- Potential 2 short setup with conservative targets laid out in the chart.
- Expect a minimum 1fib extension target to be reached.
Buyers are stepping in to defendCKB has dropped to the support area at $0.0099 and bounced from there. This indicates that buyers are stepping in to defend this level, which strengthens its significance as a support zone. The price action suggests a potential move towards the resistance area, indicating that the market sentiment may be shifting towards a more bullish outlook.
CKBUSDT-Breaks the Resistance levelCKB Analysis:
CKB recently broke through a major support area and is currently retesting it. If the price fails to break above this retested level, we could see a continuation of the downtrend towards the next support area. It's advisable to wait before opening new positions to see how the price action develops.
Support Area: $0.000948-$0.0103
Resistance Area: $0.014-$0.015
CKB/USDT 3-Day Chart Bullish Breakout from Falling Wedge PatternBINANCE:CKBUSDT
The second chart you uploaded shows the CKB/USDT trading pair on a 3-day timeframe, highlighting a "falling wedge" pattern. Here's an analysis based on the provided chart:
Chart Analysis:
1. **Falling Wedge Pattern**:
- A falling wedge is typically considered a bullish reversal pattern. It forms when the price is making lower highs and lower lows, but the slope of the lower highs is steeper than the lower lows.
- In this case, the pattern suggests that the selling pressure is slowing down, and a potential breakout to the upside is expected.
2. **Breakout and Target**:
- The chart indicates that the price has either recently broken out or is about to break out from the falling wedge pattern.
- The target after the breakout is typically calculated by measuring the height of the wedge at its widest point and adding this to the breakout point.
- The target indicated on the chart seems to be around the 0.040000 USDT level.
3. **Current Price**:
- The current price of CKB is around 0.013138 USDT.
4. **Price Action**:
- The price action within the wedge shows a consolidation period with decreasing volume, which is common before a breakout.
- The breakout direction is expected to be upward based on the pattern.
Conclusion:
The chart suggests a bullish outlook for CKB/USDT based on the falling wedge pattern. If the price successfully breaks out above the wedge, it could reach the indicated target around 0.040000 USDT. However, it's important to consider other market factors and conduct further analysis before making any trading decisions.
Remember, while technical patterns can provide insights, they do not guarantee future price movements and should be used in conjunction with other analysis methods.
CKBUSDT Crucial Support Test Ahead!Yello, Paradisers! Ready to see where #CKBUSDT is heading? Let’s dive into this critical analysis to stay ahead of the game.
💎 #CKB is currently resting on a key support area. For a confirmed rebound and upward movement, we need to see a bullish candle rejection here. Historically, this support has been strong, sustaining CKB multiple times and preventing further decline. Therefore, there's a high probability that the price will rebound and move back towards our target area.
💎 However, if CKB fails to rebound from the support and breaks down below $0.0135 with a daily close, this would be a bad sign. The price would likely continue downward to the Bullish Order Block (OB) area, where large orders are placed around $0.01.
💎 If CKB reaches the OB area, there's a high probability of a strong rebound and reversal to the upside. However, for the upward movement to continue, the price must reclaim the previous support at $0.0135. If this scenario fails, CKB could fall back to the OB area, which would be a concerning sign.
💎 Bullish invalidation will be confirmed if the daily close candle for CKB is below the OB area. If this happens, the probability of continued bearish movement increases, and the price may dip further.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
Long signal for CKB/USDTThis technical analysis is based on the daily chart of CKB/USDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 0.015104 USDT.
Entry and Exit Points:
Entry: 0.015104 USDT
Take Profit: 0.021855 USDT (44.65%)
Stop Loss: 0.013772 USDT (8.81%)
R/R Ratio: 5.07
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 5.07, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
CKBUSDT(Nervos Network) Daily tf Range Updated till 05-06-24CKBUSDT(Nervos Network) Daily timeframe range. its been stuck within 0.014592-0.019687 for a while now. staying above 0.014592 will eventually clear 0.019687. if that gets cleared till 0.025146 is open. for now needs to stay above 0.014592.
CKB Long Scalp TradeIt is bullish, bounced from 4hr Demand+Order Block.
Entry, Targets and Stoploss mentioned.
Do not forget to follow and support for more :).
I need motivation.
Bullish continuationDescription
- Potential last wave down for a finished leading diagonal for a wave 1/A.
- breaking 0.886fib will increase this scenario.
- If so, looking at a CKB price below $0.018 before starting wave 2/B.
CKBUSDT - 4H Bullish trendThe CKBUSDT 4-hour chart indicates a significant breakout above a long-term descending trendline, suggesting a potential bullish reversal. The price action has successfully breached this resistance, signaling a shift in market sentiment from bearish to bullish. This breakout is accompanied by increased volume, which adds credibility to the upward movement.
Additionally, there is a support zone highlighted in green that has held firm, providing a strong base for the recent upward momentum. If the price continues to hold above the trendline, we can expect further gains, with the next target potentially being the $0.026 level. Traders should monitor this breakout for sustained buying pressure and consider long positions while keeping an eye on the support zone for any potential pullbacks.
CKB Long
It is at a suitable price floor and if it can be well supported, it can grow well. The process line should be broken and approvals should be given.
#CKB/USDT Buy SetupNervos Network (CKB) is an open-source public blockchain ecosystem. It's in good area for possible bounce. Trade at your own risk.
CKB - 7600% Profit in 2024, buy nowThe CKB coin looks very promising for the upcoming bull market. On the weekly chart, we have a falling wedge, bullish reversal pattern that is currently breaking out! It's always important to take a look at the volume indicator when it comes to breakouts. The bullish volume is extremely high, which confirms my bullish bias. From the Elliott Wave perspective, we have a triple-three corrective pattern that has been completed, which is also a very good sign. Where to take profit? On the chart, you can see 3 profit targets. It's up to you how long you want to wait for your profits. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is Nervos Network (CKB)?
Nervos Network (CKB) is an open-source public blockchain ecosystem. Its goal is to create a peer-to-peer (P2P) crypto-economy network where users can access a wide range of provably secure blockchain services and capabilities.
The Nervos mainnet launched in November 2019 with a novel dual-layer architecture. There’s a base layer where the consensus mechanism operates and smart assets are stored, and a computation layer where transactions are processed.
The base layer, also known as the Common Knowledge Base, has its own cryptocurrency called CKByte (CKB). It uses the Proof-of-Work (PoW) consensus mechanism and drives the Nervos ecosystem. It is used to pay miners for keeping the network safe, managing network resources, and letting users store things on the network.
The Nervos Network allows developers to create decentralized applications (dApps) that can operate on various blockchain systems. Any of the network layers can be used to run both decentralized apps and smart contracts.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
CKBUSDT(Nervos Network) Daily tf Range Updated till 04-05-24CKBUSDT(Nervos Network) Daily timeframe range. 0.015836 defended several times already. if it cant go down it got good chances to visit 0.022924 again. but if it breaks 0.015836 clean than way open till 0.009570.
CKB (Y24.P2.Video1).Levels of interest and macro pictureHi traders,
Here is my thoughts on CKB and levels of interest to go long.
Please give me a like and share,
Regards,
S.SAri
CKB Weekly AnalysisNervos Network (CKB) experienced a significant downturn of 15.45% this week following a surge to its all-time high of $0.038239. This decline coincided with the formation of a double bottom pattern, culminating in the breakout to this new ATH.
In the preceding week, CKB encountered substantial price rejection, leading to a corrective phase. There's a growing likelihood that CKB will gravitate towards the support zone ranging from $0.014235 to $0.016276. A potential rebound is anticipated upon encountering resistance within this demand zone.
On the daily timeframe, oscillators exhibit neutrality towards CKB, while Moving Averages signal a sell. Conversely, on the weekly timeframe, oscillators remain neutral, with Moving Averages indicating a bullish trajectory.
Bullish continuationDescription chart short-term setup:
- Possible Zigzag (5-3-5) or Triangle formation.
- Touched mimimum retracement 0.618fib.
- Price action above the 0.618fib at $0.02907 will invalidate Zigzag pattern.
#CKB/USDT breaks the Diagonal Trendline in 4-Hour TF!#CKB/USDT breaks the Diagonal Trendline in 4-Hour TF!
$CKB looking good for Long Position. I will wait for a retest to open a long position. The PWL $0.01998 is the strong support level. The first local resistance level is PWH $0.02549.
shorterm retrace play for the next 10 daysbtc might touch 55k in the next 10 days specially when fomc meeting coming negatively toward lowering the interest rate " they won't"
this will impact the market negatively short term for May2024.
but by September we can see a recovery to new ATH for most coins
CKB/USDT in the support area, possible to bounce and back upward💎 Paradisers, the recent market dynamics surrounding #CKB have indeed been noteworthy.
💎 Currently, CKB is hovering around the support zone area, and based on the candlestick patterns, there's potential for a bounce.
💎 If this bounce materializes, CKB could retest the resistance around the 0.0255 area. A successful breakout above this level could propel CKB towards our target strong resistance area.
💎 However, if CKB fails to bounce and breaks down below the support area, it could signal a bearish trend reversal, potentially leading the price to move downward towards the Bullish OB area.
💎 In the Bullish OB area, CKB must bounce back and reclaim the price above the support to maintain its upward momentum towards our target. Failure to do so, with a breakdown below the OB area, could lead to further downward movement.
MyCryptoParadise
iFeel the success🌴
