sxp close to breaking the down trend here
if we break the down trend could see a nice move up
ive been accumalating at the bottom and hope u got in on my last chart and can enjoy the ride
Using Fibonacci Circles the transition to a bullish state can be demonstrated as a change from 2.618 to the next outer fib circle 3.618
We can see a bottom and bounce off the uptrend channel and a continuation to a state that includes a bullflag (in green rectangle)
This is a bullish sign, the middle line of the up channel is the nearest resistance
Hello my friends,
I updated on of my trades. This time its on Sushi/USD. I think its has a lot of potential for some upward momentum.
There is slight regular bullish divergence on the 4hr timeframe and with the momentum of BTC we can see some rise anytime soon. I've pointed out two zones for taking profit.
Hope you like my idea. Please like if so and thank...
Hi Everyone
Just a quick look at ZRX. Striking similarities between this chart and XRP chart, first target is reasonable around $1 and after that, $1.30.
Scroll through our channels for more ideas,
Ev
Hi Traders
A Quick look at Solana today.
It seems highly likely that we will revisit previous support that has not been retested. This will be the first time testing this support zone since Aug 2021.
However, I think the bottom could be close to this area. This is the same area where the first-ever ATH was made, therefore I do expect some buying orders to be...
Hi Everyone
A Quick update on MATIC.
From the chart analysis, we would need to carefully watch where the Daily candle closes. There is much instability across the markets at this point and the risk-reward setup is not looking favorable. Best to wait it out for more clarity.
IF we can't close this 3D candle above $1.6, we might be range trading between $1.5 and...
ChainLink hasn't moved much since our last post. We appear to be in a descending correction we know descending correction = bullish reversal.
We just need to be a little more patient for the breakout and once it comes (and it will come), it'll make all the waiting worthwhile!
A good indication that we are almost about to reverse is that we are in an abcde...
Once we zoom out, we can see that BNB has only just completed the 2nd wave and we're expecting the 3rd wave, which is often the biggest.
First wave was a 5 wave impulse
Second wave was a 3 wave correction
Third wave - Anticipating a 5 wave impulse now
Fourth and Fifth Wave coming.
Trade Idea:
- Swing entry now with stops below the recent lows
- Intraday entry:...
We saw a 5 wave impulse at the start of 2021 followed by a massive ABC correction which lasted almost a year. We are now expecting the next 5 wave impulse to take to ATH and higher.
Maker is really susceptible to volatility wicks so be careful when trading.
Trade Idea:
- Swing entry now with stops below the lows
- You can also wait for lower timeframe pullbacks...
Litecoin has recently completed the ABC correction and we are ready for the next massive impulse wave with very minimal risk.
We have a descending trendline where it would confirm our bullish outlook. However we can take a risk entry now with stops below the lows and target the ATH's making it an incredible risk:reward trade.
Trade idea:
- Risk entry now with...
In our last Solana post we were trying to find out where the bottom may be and we had the -61.8 fib extension marked out as a possible reversal zone.
We rejected that fib level nicely and we are now making a higher low indicating the start of the bullish wave.
Trade Idea:
- risk entry now with stops below the recent lows (safe stops below the -61.8 fib)
-...
