$SQR Long Using Elliot Wave Theory - 1DThe ABC down stopped just short of the 1:1 at 0.38840 and is now forming an ABC up. The 1:1 of the ABC up gives us a target of 0.69729. The SRSI has moved out of Oversold but still has room to move up and so a TP target at the 1:1 seems a reasonable expectation. A SL should be placed at the start of the ABC up at 0.41096.
TP - 0.69729
SL - 0.41096
SQRUSDT trade ideas
Analyzing SQR Token: Unveiling Potential Opportunities and RisksPrice Action: Utilizing candlestick patterns, support and resistance levels, and trend indicators can help identify key price levels and potential entry/exit points for trading SQR. Additionally, analyzing volume patterns alongside price movements can confirm the strength of trends or signal potential reversals.
Moving Averages: Using moving averages such as the 50-day and 200-day moving averages can assist in identifying trend directions and potential areas of support or resistance. Crossovers between short-term and long-term moving averages may also indicate shifts in momentum.
Relative Strength Index (RSI): RSI can help assess whether SQR is overbought or oversold, providing insights into potential trend reversals. Divergences between price and RSI can also signal changes in market sentiment.
Weekly $SQRUSDT analysisOn the 4H candles, BYBIT:SQRUSDT is ranging between $0.5 and $0.6.
$0.5 has been holding support for a month now. Breaking it would mean further downside price action for BYBIT:SQRUSDT on the short term.
On the daily candles, the structure still looks bullish with an RSI on the neutral level.
Comment on the $SQR trend next weekLast week was a week in which GETTEX:SQR did not have many fluctuations, the price mainly accumulated in the $0.51-0.53 area, maybe this is a strong gathering area for sharks, my opinion is basically that there is quite a high expectation for the increase. growth of GETTEX:SQR , so if GETTEX:SQR drops below 0.5$ I will buy more at 0.41-0.42$ hoping for a target of 0.75-0.76$. Note, this is not investment advice
The accumulation phase continues As we had previously anticipated, the value is in a calm accumulation phase, where large upward or downward movements are not expected. It is expected that this situation will continue like this for a while, giving the investor time to position themself waiting for a good bullish rebound, but always with a stop loss below the area marked in red, to avoid large losses.
Waiting for the rocketIf you look at the chart of horizontal volumes, you can clearly see the line along which the majority of the volume is bought back. Here, a major player buys off the losses of impatient speculators. Position recruitment is still ongoing. Above the limit order line, you can see an attempt by speculative capital to jump into the rocket. But the rocket isn't ready yet, and people are starting to cut their losses. We're waiting)
Long Opportunity: $SQR Token - Bullish Momentum BuildingBullish Trend Structure: FWB:SQR has been forming higher highs and higher lows, indicating an uptrend in price action. Moving Averages: The 50-day moving average (MA) has crossed above the 200-day MA, signaling a bullish crossover and potential reversal of the previous downtrend.
Basic price trend for SQRAccording to the price line combined with basic support and resistance, we can wait for the price reaction when the candle touches the trend line. However, even if the price falls, it cannot fall deeply, because there is strong support at the price level of 0.5 or 0.42 (extremely strong).
$SQR prepares to break outFWB:SQR is currently sideways in the accumulation triangle, the amplitude is getting narrower.
The current support zone of FWB:SQR is $0.52, we can collect goods at this Entry.
It is predicted that when FWB:SQR approaches the end of the accumulation triangle, there will be a reaction, with a high possibility of breaking out to the $0.75 area, and higher, creating a new accumulation area.
SQRAs price speaks a loud and only price action traders know Bhaw bhagwan Che which is perfectly fitting on GETTEX:SQR as in my previous post I told you guys support and resistance level of GETTEX:SQR which is actually token by Magic square and project is also backed by Binance labs which is boosting all projects and soon they are ready with their Launchpad too. So if you believe in HODL must fill your bag with $SQR.
Bad news for....(look inside)))))))
My previous idea worked completely. Now I’ll tell you what will happen next. According to all sorts of clever schemes and analyzes there should be organic growth as on line 1. But if there is a nasty sideways trend, then there will be scheme 2. It won’t fall down, honestly
Best time to Fill your Bag with $SQRAs we all know CRYPTOCAP:BTC at All time high. So it's time for pump in Altcoins. I accumulated FWB:SQR tokens as price is currently in consolidation phase and as project is backed by Binancelabs I am sure soon launchpad will come and that also boost price of $SQR.