Flipped $2.5, the price is now using this level to consolidate, this level also match with the median of the pitchfork. If the consolidation structure above $2.5 is not invalidated, it is legit hypothesize $10, corresponding to the upper outer parallel of the pitchfork."
HONEYUSD Daily Chart Analysis HONEYUSD has presented a strong bullish setup, aligning with the broader momentum seen in alt-coins as BTC trends higher. Key Observations 1. Downtrend and Accumulation: - From March to June 2024, HONEYUSD experienced a sharp downtrend, with significant price depreciation. - From July to November 2024, price moved sideways in an accumulation phase, suggesting buyers were stepping in at these levels. 2. Breakout Confirmation: - At the start of December, price broke out of the accumulation range. - This breakout was accompanied by: - A spike in volume, confirming strong participation. - The MACD crossing its signal line, indicating a shift in momentum to the upside. -Price has now closed 3 consecutive days above the breakout level, further validating the move and signaling the start of a potential uptrend. Trade Details - Position: Long - Entry: 0.0924 - Stop Loss: 0.0814 (11.90% risk) - Initial Target: 0.1801 (94.91% potential return) - Risk-to-Reward Ratio: 7.97 Summary HONEYUSD shows a compelling bullish breakout backed by strong technical indicators and volume confirmation. The setup offers a highly favorable risk-to-reward ratio, making it an attractive long trade opportunity. Monitoring BTC's momentum remains essential, as it could influence the broader market sentiment.
Basic ltf continuation good r/r, 1-2 days duration
Buyers bought the break in the S&P 500 daily chart as discussed in the video commentary. The challenge now is can these buyers close above 6075 to 6080.
Price now at downward trendline and I am selling as I expect the higher Time Frame to continue buying JPY. JPY remains as the lowest interest rate currency among the major currencies so people might be readjusting their portfolio and continuing to borrow JPY and investing that money else where. Am I correct? I'm not sure. I'm just speaking my thoughts and I could be very far off from the truth. Anyway, money makes the world go round. Just like petrol gives the motorbike engine fuel to burn and rotate. And the starter gives the fuel a reason to ignite. I chose the SGD instead of GBP or other major currency so I could give myself some wiggle room for when other major pairs has some movement, I could take those pairs as well s8nce I feel that SGD is quite exotic and the economy is propped up by other countries mercy. 0836SGT 04122024
I initially entered SEED_DONKEYDAN_MARKET_CAP:RNDR positions around the $5 level, anticipating a strong move. With the market positioning itself for another potential breakout, SEED_DONKEYDAN_MARKET_CAP:RNDR is at a critical juncture. The price is currently testing a significant resistance zone, and a clean break above this level could signal the next explosive move. Traders can look to board the train once this resistance is breached and confirmed, aligning with the broader bullish momentum in the market. I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see. The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out! My Previous Analysis ? DOGEUSDT.P: Next Move ? RENDERUSDT.P: Opportunity of the Month ? ETHUSDT.P: Where to Retrace ? BNBUSDT.P: Potential Surge ? BTC Dominance: Reaction Zone ? WAVESUSDT.P: Demand Zone Potential ? UNIUSDT.P: Long-Term Trade ? XRPUSDT.P: Entry Zones ? LINKUSDT.P: Follow The River ? BTCUSDT.P: Two Key Demand Zones ? POLUSDT: Bullish Momentum
Netflix moved exactly as how we had projected it some months ago! And still expected to pick up some new heights for atleast few months next!
DOGE Doge coin 24hr potterbox with channel. Doge is sitting right on top of the box .40647 ish. or its on the floor of the upper boxlol it will possibly bounce up from here we hope. ok well lets wait and see.
Ascending tri break > morning flush on BTC to create bear trap short > close above WO > reclaim breakout level > HHs. Target $9, stop below low of week
1. Conditions for a "W" Pattern Bottoms: A "W" pattern requires two significant lows. In this chart, the areas labeled (2) and (4) seem to fulfill this condition. Peak: The peak between the two lows, labeled (3), forms the neckline of the pattern. Breakout: The price must break above the neckline (around 0.01689) for the pattern to be confirmed. A breakout with strong volume is a bullish signal. 2. Fibonacci Levels The chart includes Fibonacci retracement levels, which often act as support and resistance points. 0.786 Level (0.01689): The neckline aligns with this level. If the price breaks above this, it could confirm the pattern. 1.618 Target Level (0.01829): This is a potential target if the breakout occurs. 3. Potential Targets and Risks If the "W" pattern is activated, the first target can be calculated as the height of the pattern (distance between the neckline and the lowest point). However, if the price fails to break above the neckline and reverses downward, the pattern will be invalidated. In this case, support levels around 0.01575 or 0.01547 might come into play. Conclusion For the "W" pattern to be confirmed, the price must break clearly above the 0.01689 level with strong volume. If this breakout occurs, the price could target 0.01829 first and potentially 0.02056 afterward. However, entering before the breakout carries higher risk. Stop-loss levels should be carefully set, with a possible stop below 0.01575 to manage downside risks.