PEOPLEUSDT trade ideas
Hidden Bullish Divergence PEOPLE is showing hidden bullish divergence on both 1 hour and 4 hour timeframe. Hidden bullish divergence is when price makes a higher low but RSI makes a lower low instead. It typically means continuation of existing trend. Existing trend here is upward so its possible we see PEOPLE go on to make a higher high. Do your own research and trade safe.
PEOPLEUSDT is creating a Pennant
The price is creating a Pennant on the 0.382 Fibonacci level after a breakout from the daily resistance.
The price is testing the 4h resistance too.
How to approach?
IF the price is going to have a breakout from the 4h resistances and daily dynamic resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
PEOPLEForecasting PEOPLE is like trying to describe the scent of Saffron.
It's currently sandwiched between Support and Resistance on the 2H chart. Couple sizeable Lower Highs are developing into a Descending Triangle, I'd wait for one extra Lower High to be sure.
I'm "quite" confident PEOPLE will retest the Support, after which we might see that 3rd Lower High. If it breaks below the Support, then Descending Triangle is in play.
My Targets:
Target #1 = 0.0732
Target #2 = 0.0700
Target #3 = 0.0677
Target #4 = 0.0589
Target #5 = 0.0565
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
BINANCE:PEOPLEUSDTPERP
FTX:PEOPLEUSD
FTX:PEOPLEPERP
BYBIT:PEOPLEUSDT
OKEX:PEOPLEUSDT
OKEX:PEOPLEUSDTPERP
PEOPLEUSDT ON DEMAND AREAAs we know, btcusdt is a main role on cryptocurrency market but it is on ranging market and no trend no profit I believe. Hence we need to look at altcoins. my suggestion is to trade in altcoins daily with stop loss. On the accounts of this We can take long position on peopleusdt. on the graphichs you can see the numbers that you can buy or sell
PEOPLE/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick PEOPLE/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-PEOPLE/USDT Rising wedge pattern create continue bullish Trend and buy the green zone
Entry:-CMP and BUY THE GREEN ZONE
Target:- 50% to 70%
Stop loss:- 0.0727
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
Warning about PEOPLEUSDTPEOPLEUSDT is up 50% while on ConstitutionDAO official twitter there is the following message:
"if we haven’t made this clear enough, the team has moved on from this project and anything you see talking about new tokens or nfts are either
- a fan project or
- a huge scam
in the case of this binance token, we’d suspect the latter"
See the tweet here: twitter.com
Probably if the price starts to go lower this is a short opportunity.