Experimental analysis with the intention to follow back later on as I am still learning My dad actually shared this ticker with me since he was holding it. I tried my best to analyze it and come up with a conclusive statement at that time, although I couldn’t, and what I did come up with was completely invalid. The main reason being that the price data available is very recent, and there is not enough price action to tell what exactly is going on. Today, I will try my best to let you know what’s happening and where IONQ is headed. The pattern is a complex correction joined with an X wave. The first part is a running flat correction with a strong B wave. All trending waves are to the upside, and the recent wave A, being the fastest and strongest wave, tells me that the long-term trend is up. My only dilemma in this chart was understanding whether the wave after the flat was either an X wave or an A wave. The only reason I decided to call it an X wave is due to its slow price action, whereas the recent move is a better A wave rather than a B wave, which is likely not possible. I do not know what kind of correction wave A is a part of, but my best guess could be a contracting triangle since wave A was pretty strong, and normally wave A is the largest wave in a contracting triangle. So, this correction would be a double three correction. I do think wave A is over; however, we should get confirmation soon by the start of January.
The fibs line up with the waves. We might be up for a fakeout then a massive dump. Be careful and goodluck trading. Take profit and sit back. Dont lose everything back.
I see solana behaving similar to eth on cycle behind. If this plays out we could be topping around 1500 and bottoming at these levels in 2026
- Trend Analysis: The AAVE/USDT pair is currently in an uptrend, as indicated by the series of higher highs and higher lows. The price has recently broken above several key resistance levels, now acting as support. - Support Levels: $344.42: Previous resistance turned support after the breakout. ~$332.81: Fibonacci retracement level at 0.236. ~$323.56: Fibonacci retracement level at 0.382, which has also acted as support in the past. - Resistance Levels: ~$389.06: Current price level, acting as immediate resistance. ~$397.51: Next psychological resistance, slightly above the current price. - Fibonacci Retracement Levels: The chart shows Fibonacci retracement levels drawn from the recent swing low at $246.10 to the swing high at $397.51. Key levels include: 0.236 at $332.81 0.382 at $323.56 0.5 at $315.06 0.618 at $306.23 0.786 at $293.42 - Volume: There's a noticeable increase in volume during the uptrend, indicating strong buying interest. Volume spikes are particularly evident at breakout points. - Moving Averages: The chart includes moving averages, which are not explicitly labeled but seem to be guiding the price action, with the price staying above these averages during the uptrend. - Strategy: -- For Buyers: Consider buying on pullbacks to the support levels, especially if the price holds above the $344.42 mark. Keep an eye on the volume for confirmation of buying interest. -- For Sellers: Wait for a clear break below the $344.42 support to target lower levels, possibly aiming for the Fibonacci retracement levels as potential targets. - Risk Management: Always use stop-loss orders below key support levels for long positions to manage risk. For short positions, set stop-losses above resistance levels to protect against unexpected breakouts. - Outlook: Bullish if the price maintains above $344.42, with potential targets at $397.51 and beyond. Bearish if the price breaks below $344.42, with initial support at $332.81 and further potential downside to $323.56. Note : This analysis is based on current market conditions and should not be considered as financial advice. Always do your own research or consult with a financial advisor before making trading decisions. This text provides a detailed analysis of the AAVE/USDT chart, focusing on key technical levels, trends, and potential strategies for traders, which can be useful for those looking at this chart on TradingView or similar platforms.
My analysis this week for gold is to look for potential imminent buys at this demand if i see a correct confluences play out on the lower time frame as well as the sweep of that sunday asia low. Once that happens i will look price to retace in this area back up to an area of supply. As price has changed character the downside and broke structure i see now heading down more. i will wait for price to make a correction and fill imbalance above then continue to drop off around the area of that 6 hr supply zonne Confleunces for XAUUSD BUYS are as follows: - Price Changed character to the upsice on the higher time frame. - Price swept the top side liquidity off last week consolidation and letf the bottom which still hasn't been taken. - Price needs to retrace to continue its bearish course. - DXY corresponding slightly as well. P.S. I am interested in shorts but the opportunity as of were current price is, isn't ideal hence why I'm looking for short term buys to sell. Have a great trading week, Q4 soon coming to an end, lets gooooo!!!
Hello, BITSTAMP:BTCUSD recently hit a new high of 104,065.00, but a significant downturn is now anticipated, potentially marking a major decline. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
#VANA is a new coin there is no type of analysis on this coin for being sure if it rise or not but when there is a cash flow to a market that didnt have a flow like that before , i believe there should be some potentials for a good rising
Cup and Handle pattern for solaCup and Handle pattern for solana?? Appears to good to be true
#X is making an ABC pattern which the B wave has 5 waves like ABCDE after making the E wave the market should go down to make the C wave as usual i looked for a good liq that market is looking to grab and i found it in 2 demand zones which has overlap with fibo levels !
GATEIO:ALPHUSDT : Here with another speculation about crypto assets. This time Alephium coin with ALPH ticker. Let’s take a look at the project’s information: Alephium (ALPH) stands out as a sharded Layer 1 blockchain that integrates a powerful virtual machine, optimized for DeFi and smart contract applications. Unlike traditional blockchains, Alephium employs sharding to enhance scalability, enabling the network to handle a higher volume of transactions efficiently. This sharding mechanism divides the blockchain into smaller, manageable segments, allowing parallel processing and reducing congestion. The platform introduces Proof of Less Work (PoLW), a novel consensus mechanism that combines physical work and coin economics to dynamically adjust mining difficulty. This approach significantly reduces energy consumption, using only 1/8 of the energy required by Bitcoin under similar network conditions. This makes Alephium a more sustainable option in the blockchain ecosystem. “At its core, Alephium operates on a sharded Layer 1 (L1) blockchain, which means it divides the blockchain into smaller, more manageable pieces called shards. This sharding technique allows the network to process many transactions simultaneously, significantly enhancing its scalability.” $ ALPH Market Cap: $ 219.5 m Market Cap Rank: 315 Market Price: 2.32 $ ATH: $ 3.86 (-40%) ATL: $ 0.046 (+4880%) Source: Coin Market Cap That’s what we need for now from Alephium project. Okay then, let’s see what we have on chart. - W1: Trend: Price has been in a descending channel for 322 days. It’s been almost a year of trending in this channel. This channel printed right after a strong impulse move to new ATH in early 2024 with amazing 30X growth. With that sharp impulse move and this descending channel a bullish flag developed. This bullish flag was broken last week to sign for a possible next-impulse move. There was a break out from a 4-time resistance level at $ 2 to $ 2.2 with decent volume. So this is the second bullish point in this chart. Please note that the broken channel for testing as support is $ 1.9. There is another significant signal that votes for a bullish move. In the weekly time frame, we can see the three-withe soldiers' candle pattern, which is known for its bullish nature. We need to check the chart from other angles, too, so we will check moving averages next. in weekly time frame price holding above MA20 and MA50. MA50 at $ 1.96 can act as the closest support to the current price. This area is the last known broken resistance level too so it becomes a more interesting place for the S/R test. MA20 at $ 1.6 will be the next level of possible support if ~ $2 support fails. In a daily time frame price hovers above key MAs and a golden cross printed 6 days ago. MA20 is at $1.97. This area gets my attention in different time frames. RSI: in weekly time frame value is around 59 and slightly strong. in daily time frame RSI value is 65 and looks solid. Stoch RSI: Stochastic RSI is aiming toward overbought zone with a strong shape. Volume: Volume increased in the weekly time frame to validate breakout from resistance levels. Supports: $ 2.12 ~ $2.25 broken resistance level $ 1.96 Ma50 in W1 $ 1.97 Ma20 in D1 $ 1.60 Ma20 in W1 Resistances: $ 3.5 D1 Supply zone $ 3.85 ATH Fibo extension levels Conclusion: All these opinions are mine and can be wrong, so please DYOR. This coin is a low cap and low caps are mostly volatile in bull runs. I expect a bullish move after bull flag test as support and I intend to buy there. My strategy goes as below: ? Pair: ALPH/ USDT ? ? Bitcharge ? ? 14/12/2024 ? POSITION: ?"Buy"? 2 % of capital ? Buy1: $ 2.15 ? 30% ? Buy2: $ 1.95 ? DCA 70% ?Sell Targets? ?TP1: $ 2.40 ? ?TP2: $ 2.65 ? ?TP3: $ 2.95 ? ?TP4: $ 3.20 ? ?TP5: $ 3.50 ✈️ ?TP6: $ 3.80 ? ?TP7: $ 4.50 ? ?TP8: $ 5.50 ? ?TP9: $ 6.50 ✨ ?TP10: $ 7.50 ⭐️ ?TP11: $ 8.50 ? ?TP12: $ 11 ? ?TP13: $ 14 ? ⛔️ SL: $ 1.55 ⛔️ by closing D1 Below **I need more energy to carry on and it comes from your support!. don't forget to hit boost, share and comment your point of view with me**