IDUSDT trade ideas
SPACEID IDUSDT Price analysis (4h)Hey, fellow traders and investors! 🤝 Let's dive into the price analysis of SPACE ID! 🚀🌌
📉 Currently, SPACE ID is consolidating in a semi-Triangle, semi-Wedge pattern, creating an interesting setup for potential trades. 🔄 Trading this pattern might be a bit tricky, but don't worry – we've got you covered! 🔍
🚀 Despite the consolidation, the price appears to be oversold for this local period, hinting at a potential weak breakout to the upside in the coming days. 📈 Our targets for the breakout are set at $0.28, $0.30, and $0.32 resistance levels. 🎯
💹 Overall, the trend for IDUSDT seems bearish, and there's a possibility of it reaching another lower low around $0.15. This zone could be a strong buy area for those looking to catch a potential price reversal. 🛒📉
Keep an eye on the price action of SPACE ID, practice risk management, and always be prepared for any market fluctuations! 🚀💹✨
Remember to stay informed, practice sound risk management, and always be prepared for market fluctuations. Happy trading! 🌌🚀
An Update for my last Price Prediction on IDUSDTID has experienced a downtrend for three months and has reached a vital support area obtained by various measure moves, including (PB 50%, MM Reverse BO, MM BO, MM GAP, and L1=L2). It is supposed to go up to its first target, (0.36), and the second on (0.45). Due to its high sell pressure, it is expected to make another low (the blue lines showed them) as the Bitcoin price reaches its target (around 27500 to 28500). The possibility of making a lower low MTR is expected when the Bitcoin retracement ends. Generally, the green rectangle is where the price should start going up. The RSI indicator also shows a positive divergence, which confirms this prediction. So, let's see!!
I will update my prediction by the price movement
A potential Uptrend for ID/USDTID/USDT has experienced a downtrend for a long time. After its correction, it reached a critical demand zone obtained by various measure moves, and now it is in a frustrating trading range and the accumulation phase. It is expected to pump to at least 0.36 $ (the top of TR), and its final target would be the 0.45 zone by increasing BitCoin price to 32 and 37 grand, respectively. The price could decrease to 0.17 if Bitcoin corrects to the 28-28.5 grand zone.
IDUSDTBINANCE:IDUSDT , after a significant downward movement, has now created a strong support level at $0.25. Although this area is the lowest price the token has seen, the good support formed here suggests that the downward trend line will soon be broken and fill the gaps created at higher levels.
The best scenarios for initiating an upward movement are as follows:
1. The first scenario involves breaking the downward trend line, as indicated by the line drawn on the chart, and retesting it.
2. The second scenario could involve a retest of the $0.25 level and then starting the main upward movement.
In both cases, the desired targets are at $0.3, $0.35, $0.40, and $0.45.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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Chart pattern A descending triangle pattern. I look mostly for pattern formation which shows the direction of the next move price is heading. We can see in the chart how price has been on a bearish move, which leads in the formation of a triangle, also triangle make a Downward trend, when we connects the peaks, we get a trendline. The trendlines has made different touches and now has just break above the trendline giving a signal that buyers are getting into the market.
🔥 ID Potentially One Of The Best Trades Of The YearI've been following ID for a while now, with my previous analysis below. No entry was made before, but this time we will.
ID has currently broken through a 3 month bearish resistance, which can potentially trigger a huge influx of both buyers and shorts that will close their positions, both very bullish.
For the best risk-reward I'm looking at a 1$ target, stop just below the resistance. A more conservative bet would be to take (partial) profits at 0.50$, or put the stop around 0.245$.
SPACE ID bullish ride ?👀 🚀ID Today Analysis
💎 ID USDT is poised for a significant move as it's currently trading in a high-demand zone, indicating a potential upward trajectory.
💎 Another key observation is that it's on the verge of crossing over the 21 EMA. If the price maintains its momentum above this EMA, it could present a favorable trading opportunity.
💎 Above, there's a supply zone that the price is expected to address smoothly. However, if the price breaks below the support level, we could see a downward shift.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
🚨 Trade Update: ID/USDT (3-5x)🚨 Trade Update: ID/USDT (3-5x)
📈 Long Entry: 0.234 - 0.262
OTE (Optimal Trade Entry): 0.249
SL: 0.220
B/E Move: When it moves close to TP2
TPs:
Short Term: 0.267 - 0.273 - 0.280 - 0.29 - 0.30 - 0.32
Mid Term: 0.35 - 0.38 - 0.42 - 0.47 - 0.52
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
#IDUSDT Seeks Upside Break and 66% Growth Potential💎IDUSDT has recently formed a double bottom pattern near the critical $0.25 support level, establishing a robust demand area. This development highlights the significance of this price zone.
💎Moreover, the subsequent break above the downtrend trendline suggests a role reversal, with the trendline now serving as a potential support level. However, the price has encountered resistance at the supply area, raising concerns about the likelihood of an uptrend.
💎In light of these observations, the MCP team will closely monitor the price action of #IDUSDT, particularly focusing on a potential breakthrough above the supply zone. Such a breakout would free up liquidity and pave the way for further gains.
💎In fact, there is a possibility of a 66% increase from the current level. This projection is substantiated by the presence of a strong resistance at the double Fibonacci level, coinciding with the downtrend trendline. Additionally, we will carefully monitor two other double Fibonacci resistance levels, as any bounce off these levels could trigger a significant pullback.
Stay informed and prepared, Paradisers, as we navigate the #IDUSDT market dynamics and uncover valuable opportunities amidst the evolving landscape. 🌴
🔥 ID Breaking Out Of Bear Trend: Huge Potential!ID has been trading bearish for 2.5 months, losing over 75% of its total value in the process.
However, it seems that there might be an end to the selling. ID is currently underway of breaking out through the dotted diagonal resistance line. Wait for the 8H candle to close above the line to confirm the break out and scout an entry.
Target placed at 1.00, stop below the recent swing low. This trade gives us an amazing 11.6 risk-reward. For a less risky trade you could take (partial) profits around 0.50 or 0.75