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YGG / TetherUS

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YGGUSDT trade ideas

YGG/USDT Potential YGG will back test on the support and bounce!💎 Paradisers, #YGG has recently encountered significant market dynamics. Currently, it appears that YGG is retracing toward the support zone for potential backtesting after encountering strong resistance at the supply zone. 💎 If #YGG successfully bounces from the support area, there is potential for the price to resume its upward movement and retest our target area. 💎 However, if #YGG fails to find support at the current level and breaks down below the support zone, the next likely destination is another support area. In such a scenario, it becomes crucial for #YGG to bounce from this level and reclaim the price above the demand zone to maintain its upward trajectory. 💎 Should #YGG fail to bounce and continue to decline, it may confirm a bearish trend, leading to further downward movement.
by MyCryptoParadise_Nathan
YGG will jump soonFrom the place we inserted "start" on the chart, it looks like a diametric has started. The green range is a strong demand range. By maintaining this range, it is expected to move towards TPs. Wave D seems to be over now and is entering a bullish wave E. Closing a candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
2
Poulix strategy import ccxt # Import the ccxt library, which is used to connect to crypto exchange APIs # Define your strategy parameters fast_channel_length = 9 slow_channel_length = 21 rsi_period = 14 macd_fast = 12 macd_slow = 26 macd_signal = 9 # Initialize exchange exchange = ccxt.binance({ 'apiKey': 'YOUR_API_KEY', 'secret': 'YOUR_SECRET', }) # Define the trading logic def trade_logic(symbol, timeframe): # Fetch historical data bars = exchange.fetch_ohlcv(symbol, timeframe) # Calculate indicators (RSI, MACD, Price Channels) rsi = compute_rsi(bars, rsi_period) macd, signal, hist = compute_macd(bars, macd_fast, macd_slow, macd_signal) upper_channel, lower_channel = compute_price_channels(bars, fast_channel_length, slow_channel_length) # Define the trading conditions based on price action if bars > upper_channel and rsi > 70: # This implies a potential overbought condition and a sell signal place_order('sell', symbol) elif bars < lower_channel and rsi < 30: # This implies a potential oversold condition and a buy signal place_order('buy', symbol) # Function to place an order def place_order(order_type, symbol): amount = calculate_order_amount(symbol) if order_type == 'buy': # Place a buy order exchange.create_market_buy_order(symbol, amount) elif order_type == 'sell': # Place a sell order exchange.create_market_sell_order(symbol, amount) # Function to calculate RSI def compute_rsi(data, period): # Your RSI calculation logic goes here pass # Function to calculate MACD def compute_macd(data, fast_period, slow_period, signal_period): # Your MACD calculation logic goes here pass # Function to calculate Price Channels def compute_price_channels(data, fast_length, slow_length): # Your Price Channel calculation logic goes here pass # Function to calculate the order amount def calculate_order_amount(symbol): # Your order amount calculation logic goes here pass # Main trading loop while True: trade_logic('BTC/USDT', '1m') # Example for Bitcoin trading on 1-minute timeframe
by CryptoTechnology
YGG/USDT Breakout the Bullish Pennant! Bullish Momentum for YGG💎 YGG has recently demonstrated notable market dynamics, breaking out of the Bullish pennant pattern, signaling bullish momentum for continued upward movement. 💎 The trend appears to be strongly bullish, consistently forming new higher highs. With this breakout, YGG may likely reach our target area near the bearish Order Block (OB). 💎 However, if YGG fails to sustain upward momentum and experiences a false breakout, there's potential for the price to retreat to the demand area to establish new momentum, or even descend towards the support of the bullish trendline. 💎 The support provided by the bullish trendline is a crucial level, necessitating a bounce to sustain upward movement. Conversely, if this support level is breached, it could indicate a bearish shift, prompting further downward movement.
by MyCryptoParadise
1
YGG LOOKS BEARISHOn the chart, even though we don't have bearish CH yet, strong resistances have been created. The most important thing we have on the chart is a large liquidity pool, which we have identified in $$$. From the supply range, we expect price rejection towards the targets specified on the chart. We also specified the invalidation level on the chart. Closing a daily candle above this level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank you
by behdark
4