Algorand (ALGOUSD) is having a huge pump today as it smashed above the 1D MA50 (blue trend-line) for the first time since April 01. This rally has been generated after holding and bouncing on the 1W MA50 (red trend-line) for the 2nd time since January 23. This gives shape to a Channel Up, not so different from the one that led the token to its peak during the...
Price has just rejected off a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially fall to our take profit. Entry: 3249.60 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 3430.18 Why we like it: There is an overlap resistance level...
Bitcoin (BTCUSD) hit yesterday its 1D MA50 (blue trend-line) to test it as a Resistance following the bearish break-out last week but got rejected. This is a discouraging sign short-term for any bullish attempt but it very consistent with all previous bottoms since the November 21 2022 market bottom. ** The 0.382 Fibonacci ** As you can see, all major rallies...
Logarithm. Time frame 1 week. 🔵 The main trend is a descending wedge , we are in the final phase of its formation. There has been no breakout (trend break) yet. It is quite possible we are in the minimum price zone of the trend. From a cyclical perspective, we are (the phase of hypothetical peak capitulation can be ignored). As a rule, such altcoins never...
Logarithm. Secondary trend. Trend break zone. Time frame 3 days. Linear for clarity of the reversal zone in the altseason. The main trend and description of the cycles of behavior of the “samsara of stupid money”. PSG/USDT Main trend. Wedge. 21 11 2023
Ethereum (ETHUSD) traded exactly the way we wanted it last time we looked at it (January 09, see chart below) At the moment, the price is trading below the 1D MA50 (blue trend-line), having recovered the 1D MA100 (green trend-line) on what was a bottom on the 6-month Bullish Megaphone. This Higher Low was almost priced on the 0.382 Fibonacci level. That is...
Bitcoin (BTCUSD) is struggling to break and close above the All Time High (ATH) Resistance having almost completed 6 weeks of sideways consolidation and candle closings below it. On any other occasion, that would be a bearish signal, an inability of the market to find enough willing buyers to push it to a new High. But with BTC's historic cycles this has proved to...
Trading Setup: There is a Trading Signal to Buy in EURUSD Currency Pair. Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.836 ⭕️SL @ 0.560 (-48%) 🔵TP1 @ 1.799 (+62%) 🔵TP2 @ 2.818 (+158%) 🔵TP3 @ 3.757 (+245%) What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger...
Trading Setup: There is a Trading Signal to Buy in EURUSD Currency Pair. Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.836 ⭕️SL @ 0.560 (-48%) 🔵TP1 @ 1.799 (+62%) 🔵TP2 @ 2.818 (+158%) 🔵TP3 @ 3.757 (+245%) What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger...
Trading the double bottom pattern involves identifying a bullish reversal pattern on a price chart and making trading decisions based on the pattern's confirmation. Here's a step-by-step guide on how to trade the double bottom pattern: 1. **Identify the Double Bottom Pattern**: A double bottom pattern appears on a price chart after a downtrend and consists of...
Lunc usdt analysis Time frame daily Risk rewards ratio >2.5 Have a good trade 👍
Trading Setup: A Trading Signal is seen in the SCRTUSDT Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.3806 ⭕️SL @ 0.3069 (-33%) 🔵TP1 @ 0.7020 (+53%) 🔵TP2 @ 0.8748 (+89%) 🔵TP3 @ 1.2060 (+161%) What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands ...
Sure, here's a concise explanation of demand and supply trading in four points: 1. **Identification of Supply and Demand Zones**: Traders analyze price charts to identify areas where supply and demand imbalances occur. Supply zones are where there's an excess of sellers, causing prices to fall, while demand zones are where there's an excess of buyers, leading to...
HEXUSD has been trading within a long-term Channel Down since September 2021 and the current weekly rise doesn't seem to be able to alter that. It will be the first green 1W candle after 6 red in a row. The pattern so far gives roughly -97% Bearish Legs to the 1.786 Fibonacci extension and then Bullish Legs towards the top of the Channel Down. As a result, we...
Coinbase Global (COIN) rose as high as our last target (March 05, see chart below) and has been pulling back since: The best way to view this short-term correction is on the diverging Channel Up (blue) which started on the October 27 2023 bottom. As with the longer term Channel Up, it consolidates considerably below the 1D MA50 (blue trend-line), with the...
Bitcoin (BTCUSD) is less than a day (only a few hours) away from the new Halving and naturally all eyes are on this historic event, the 4th in succession. We all know the fundamental specifics and how a -50% less Supply can drive the price higher as long as Demand stays intact. What people may not know (or may not be able to comprehend) is the pure magnitude of...
Last time we looked at Injective (INJUSD) was 4 months ago (December 18 2023, see chart below) and gave us an excellent sell signal that hit the 30.000 Target: The price now sits at the bottom of the Channel Up and this is the most optimal buy entry for the long-term. We expect another +715% rise, targeting...
Bitcoin (BTCUSD) touched today the bottom of the Channel Down pattern that started a month ago on the March 14 High. Ever since is posted Lower Highs and Lower Lows, dropping under the 1D MA50 (blue trend-line). Since the long-term trend for months has been a parabolic rally, this pattern can be seen just as a big Bull Flag, a necessary short-term pull-back before...