JOE: Liquidity Hunt Event Explained & Other Simple SignalsLook at this chart and we have two dynamics here that make it strongly bullish:
1) Drop below a long-term sideways range. When we have a long-term accumulation zone range and the trend is about to change, there is always a final breakdown before the change of trend. Seeing this happen reinforces the bullish potential.
2) Liquidity hunt event. The long-term sideways range is broken in search of liquidity, the market is looking for liquidity before changing course. Since it is going to grow and grow strongly, it first moves down to remove any weakness or doubtful players.
The 30-September candle is also quite revealing. Here we can see a major push down that was quickly reversed, when we couple these signals with marketwide action we know what to expect next. Marketwide action is explained in more detail in the PYTHBTC post here .
When price action moves back above 700 satoshis (0.00000700), we also have a rounded bottom, bear trap or false breakdown. When the action is back above 700 sats, the pair is consider super bullish and the bullish potential becomes confirmed.
Additional bullish signals can be extracted using moving averages and oscillators. The oscillators would show divergences with the trading pair and the moving averages would start to fall behind as JOEBTC recovers.
These are simple but powerful signals.
These are early and reversal signals.
These signals can help you spot a trend reversal on any Cryptocurrency trading pair.
Thank you for reading.
Namaste.
JOEBTC trade ideas
Trader Joe | Falling Wedge & Higher Low (190% Easy Jump!)Notice here the repetitive falling wedge pattern... I am drawing the falling wedge for you but we are basically just looking at waves; up and down, up and down. And we have higher lows long-term because the bottom was set June 2022.
➖ Current session JOEBTC is strongly bullish; a strong green candle.
➖ Strong higher low and a minor bullish continuation pattern.
A mixture of bullish signals. Long-term and short-term.
Up we go... 👉 190% potential easy but there can be more.
Namaste.
JOE token formed bullish BAT for upto 129% rallyHi dear friends, hope you are well and welcome to the new trade setup of JOE token with BTC pair.
Previously we caugh more than 90% pump of JOE as below:
Now on a daily time frame, JOE has formed another bullish BAT pattern for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
$JOE/#BTC [#Trader Joe]: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $JOE / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00001218 | 0.00001348 | 0.00001556, and the major support zones can be found at 0.0000101 | 0.00000932 | 0.00000724. Consider entering a trade at the current price zone of 0.00001113 and targeting higher levels.
◰◲ General info :
▣ Name: Trader Joe
▣ Rank: 294
▣ Category/Sector: N/A
▣ Overview: Trader Joe is a decentralized trading platform on the Avalanche network that combines DEX services with DeFi lending to offer leveraged Trading. The platform allows users to trade (AMM exchange), participate in yield farming, staking, and borrowing.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001113 ₿
▣ 24HVol: 1.533 ₿
▣ 24H Chng: 0.18%
▣ 7-Days Chng: -3.55%
▣ 1-Month Chng: 11.40%
▣ 3-Months Chng: 32.30%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001218 | 0.00001348 | 0.00001556
◢ Support: 0.0000101 | 0.00000932 | 0.00000724
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 3.41
▣ Last 90D: 2.24
▣ Last 1-Y: -0.29
▣ Last 3-Y: -0.57
◲◰ Volatility :
▣ Last 30D: 1.24
▣ Last 90D: 1.04
▣ Last 1-Y: 1.31
▣ Last 3-Y: 1.37
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth JOEBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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