HIGH-USD looking VERY NICE right now. Prove me wrong!I'm loving what I'm seeing here! Please tell me I'm just crazy and this setup doesn't look sexy AH!!
Lol
HIGHUSD trade ideas
#HIGH Resistance Bounce support after deep drop 77% PotentialHIGH =HOT 🚀🔥🛗🔥 SETUP =77%
#HIGH Resistance Bounce support after deep drop 77% Potential
Broadcasting Live🎯📶Target Signals
🎪BaseCamp▶️
High Street #HIGH Metaverse Metaverse play
Looking good for a decent PUMP
You have your older metaverse projects
But high street is fresher play for this cycle
should have periods of high growth.
LONG TERM BEARISH BUT BULLISH FOR SCALP...While the long-term trend has been bearish, recent price action suggests a buildup to a possible breakout. As an investor or trader, this could be a critical juncture. If the price breaks above the trendline and enters the resistance zone, it could be an aggressive buying opportunity, potentially leading to significant gains. However, it’s crucial to watch for confirmation of the breakout with high volume, which would add credibility to the bullish case. Remember, in trading, there are no guarantees, only probabilities, and it's important to manage risks accordingly.
Heikin Ashi Candlesticks:
Indicate a smoothing of price action.
Suggest a bearish trend turning flat, possibly signaling a trend change.
Trend Analysis:
A prominent downward-sloping orange trendline is acting as dynamic resistance.
The ascending blue line indicates higher lows forming, a sign of potential bullish sentiment building up.
Support and Resistance Levels:
The purple shaded area represents a strong resistance zone.
A breakthrough above this zone could indicate a significant bullish momentum.
Price Target:
The chart suggests an ambitious price target, offering a 140% gain from the breakout point.
Such a target requires aggressive buying pressure to be achieved.
Market Cycles:
Yellow semi-circles may represent the cyclical nature of the price action, hinting at periods of consolidation followed by potential breakouts.
Volume:
For the breakout to be credible, it should be accompanied by high trading volume.
Risk Management:
Despite the bullish setup, it is crucial to maintain strict risk management protocols.
Ensure to look for confirmation before considering any trades.
Breakout Confirmation:
Watch for a decisive close above the resistance trendline with increased volume for a valid breakout.
PRICE ACTION: EVERYTHING BELOW THIS LINE IS PRICE ACTION THOUGHTS:
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Early 2022 Bearish Trend:
The price experienced a significant downtrend from the beginning of 2022, creating new lows.
Mid-2022 Consolidation:
Following the downtrend, the price action moved into a consolidation phase, marked by a range-bound movement.
This sideways trading indicates indecision in the market.
Late 2022 to Early 2023 Recovery:
The market saw a recovery with the price forming a rounded bottom, which is often considered a bullish reversal pattern.
The price broke past the moving averages, indicating a change in momentum.
Moving Averages:
The price has oscillated around the moving averages, which have served as dynamic support and resistance levels.
The moving averages are converging, which might indicate an upcoming significant price movement.
Recent Price Squeeze:
Currently, there is a ‘squeeze’ indicated by the price contracting and moving within a tighter range.
This is typically followed by a breakout in either direction.
Potential Bullish Divergence:
The higher lows in the price, coupled with the lower lows in some momentum indicators (not visible but commonly analyzed), could suggest a bullish divergence, often a precursor to a bullish trend reversal.
Volume Analysis:
The volume profile is not visible on the chart, but an increase in volume during price up-moves would validate bullish interest.
Conversely, low volume during the recovery phase could question the sustainability of the uptrend.
Psychological Levels:
Round numbers and previous highs/lows will act as psychological barriers to price movement.
The price needs to close above these levels to confirm bullish sentiment.
Fibonacci Levels:
If present, Fibonacci retracement levels from previous highs to recent lows can provide potential reversal zones.
These levels often act as resistance in downtrends and support in uptrends.
Elliot Wave Theory:
The chart may suggest an Elliot Wave pattern forming, which if accurate, could help predict future price action based on trader psychology and market cycles.
Pattern Recognition:
Any recognizable chart patterns (e.g., head and shoulders, triangles, flags) could provide additional insights into potential breakout points and price targets.
market will reach the price range of 4$ - 6$.According to the HIGH_USD Elliot wave market cycle, this token can be formed as an A B C or W X Y pattern. As a target, the market will reach the price range of 4$ - 6$.
30 Min Cup and Handle?Its looking like we have a cup and handle forming on the 30min. I think we should have an explosive move yo the upside in the very near future (today or tomorrow).
HIGH MOVING FINALLYHIGH coming to place soon. we are broke up trend line then we retest again. i think we are going to 20 dollars.
