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ID / TetherUS

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IDUSDT trade ideas

ID/USDT What a significant movement! Continue break or reject??💎ID has recently exhibited notable market dynamics, particularly as it confronts the challenging combination of the Bearish OB and a robust supply zone following an impressive surge of nearly 100% within a single day. 💎 Should ID successfully breach this formidable area, it could signal further upward momentum, probability leading to the attainment of our target in the bearish OB zone. 💎 Conversely, if ID falters in its attempt to overcome this strong supply barrier, a rejection could occur, prompting a downward trajectory. In such a scenario, the price might retreat to the demand area around 0.392. 💎 Within this demand zone, there exists the potential for a rebound, propelling the price back upwards to establish new momentum and potentially break through the formidable supply zone. 💎 However, failure to rebound from the demand area, and subsequent breakdown, would be unfavorable, signaling a return to downward movement with the price likely descending further towards the support level or possibly even lower.
by MyCryptoParadise_Nathan
ID usdtif breakout T=0.51 T2=0.65 T3=1.14 A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern. The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis, How to Make Money in Stocks.
Long
by Mozart-BTC