Hey guys! We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range. Bullish scenario would play like this: First target: 0.019 then we'll TP For this to happen I'd like to see some sort of...
We've got 2 things that could happen: It either breaks downward the rising channel it has been trading for a very long time and this means bears would take control so in that case: Bearish target would be: 0.15 - 0.17 area It resumes the uptrend and bounces off this support area as it has been doing for the past months and since NOV '22 actually. So it's...
Price has currently entered into a trading zone which we could try to predict 2 sides according to that it does in the next days or week. Key zone we are analyzing here: 0.0046 - 0.0042 Bullish if: Support holds and after a double bottom or inverse h&s, we get confirmation of a breakout from the pattern then we can go long. Bearish if: Breaks...
Point of interest right now as we are sitting at a demand zone which price is expected to react however we are coming from a downtrend structure after the bulls got exhausted this could be another correction and/or the uptrend resumes. 1. We get a false breakdown, I believe it will touch 0.30 and buy orders would get triggered. If that happens then we would at...
Beware at this point this coin is in ranging mode. So I've marked areas where the volume profile has shown potential areas where most participants were involved at that time. So there's a chance that over those areas, price is going to react somehow or not at all, so we need to see what happens once it gets there. We can say we've got a hammer as soon as it...
It's been on a strong downtrend even after the BTC mini bullish trend, it didn't reverse a flick. Per Ichimoku analysis this is going to the all time low at about 0.11 - 0.09 So brace yourselves!! Then we can think of buying if there's any demand at all. Happy Trading! Kina 💥
We are at a very important level right now. We either get any of these 2 situations so be prepared: Double Bottom created with RSI Divergence confirming the bears power has been totally exhausted at this point and price will start reversing till next Supply zone. Target Supply zone area: 0.020 - 0.021 2. We get a downwards momemtum candle breaking...
As you can see DEXT has been in a rising channel until it eventually gave the breakout pattern after touching Supply Zone marked by the red rectangle afterwards price got rejected. Please take this area as our Take Profit zone. We have a perfect triangle formed making lower highs consistently now it's about to burst. So we either get: Breakout upwards wait...
After hitting supply zone around 0.11 - 0.10 it started to decline up to the point that we are currently at a demand zone. From this zone I think 3 things could happen: We get a bounce off this level to continue the descending triangle pattern up until TARGET: 0.09 and then it could actually breakout from the entire triangle instead of declining again but...
CTSI breaking out from the ranging market and possibly turning into an uptrend since bulls are taking over with a weekly bullish close above supply zone!
It could be a trap lol but so far, there's a BTC weekly bullish divergence that give me more confidence in going long specially after I see XRP having trouble to break down the channel. You can even see a bit of my scalping trade in lower timeframes but to catch the big move you've got to wait a breakout then a re-test to confirm before entering the trade up!...
We can see there's a triangle pattern here but still we've got no clear direction with strong momentum where this could potentially go! So we have 2 scenarios. Whichever plays out, I'm still expecting a strong move up hopefully! But could take a couple waves down or a strong down move into market structure before we see the shift in trend.
Here we have 2 possible scenarios! I see Cardano trying to break out from the triangle pattern however it needs to be a big breakout and we don't see that yet except for 15min TF. Still not enough of a confirmation, breakout then re-test of trendline before kicking off. I think it would go up that much but good enough for a small scalp trade in the lower...
Wait for a re-test on previous consolidation area to confirm the breakout but this is looking pretty awesome so far! $SFP LONG signal right now!
If we see breaking out to 0.17 level we wait for a re-test and enter the move up which I believe could go upto 0.19 after such a huge accumulation phase. Now, if we see a break below 0.16 even further till 0.14 I expect a pullback coming up with a re-test like shown, so here we have 2 set ups we could use according to price action and movement.
Wait for the breakout and re-test before entering! It could be possible but stay alert as it could go downwards! Market is king
For this particular forex pair, I've noticed it broke above supply zone and if price re-tests and continues above then it's most likely to continue a correction from the left liquidity.
According to Daily Timeframe, BTC hit a supply zone which must be break above bullish in order to confirm the 24k target. Otherwise we can expect a retracement. At 21200 we have a fresh demand zone buying pressure is expected at least to push price higher. Ichimoku Cloud Signals: 1D Strong Kumo breakout, however the cloud is not very thick which indicates the...