The short-term target for CRYPTOCAP:ETH is $7231. Once the current resistance level is broken, there's even potential for a parabolic run-up. It's important to note that with 19,595,173 ETH currently TVL, the less circulating supply there is the demand increases, adding upward pressure!
I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None News - None Directional bias - BUY. All higher timeframes are bullish. Morning analysis: M TF - November candle closed very bullish. Candle body is +- 9'600 pips. Indicates very bullish sentiment overall W TF - Last week's candle closed in a doji formation. Could be an indication that bulls are loosing momentum D TF - Fridays candle closed right at the resistance formed by Tuesday's candle. Could Friday's candle represent the second top of a DT? Neckline would be 1'700 pips down (at time of writing). But D EMA is right at neckline, so bears would have to push very hard to break this neckline down. In the past I have noted that when we have 2 x days, like Thanksgiving, where market was closed / half day, we see a COMPLETELY different sentiment come in on market open of the first "real" day of trading. It's like the extended trading guys where doing their own thing (in this case being bullish) and then when real market comes in, sentiment could be much different and a correction could occur. So need to be careful at market open. 2 x areas of interest identified (highlighted in green) 1. 1H + 4H 0.382 buy fib level + Pivot point + D 0.618 SELL fib level which bulls will want to stay above + 1H EMA (at time of writing at 6am) 2. D EMA (at time of writing at 6am) + W 0.382 buy fib + D 0.618 buy fib level As the day progressed: Entered a buy at the hand icon - Confirmations: 1. Market pattern - Price made a DB before reaching the first interest area. DB on the 1H TF with neckline broken upwards. The second bottom of the DB (at C.) is higher than the first bottom of the market pattern. This also contributes to the bullishness of the market pattern. Entered on the break of the neckline at the hand icon. 2. S&R - candle wicks touching 30 EMA and moving up (at time of writing in the morning), i.e. 30min EMA providing dynamic support. 3. Trend - Temporary down trend line broken (marked with top green line), indicating that the downtrend is over and price is ready to resume upwards. 4. Fib - A few wicks reaching towards the 4H 0.382 fib, but DB formed quite a way above this level. 5. Candlesticks - candle wicks touching 30 EMA and moving up, i.e. 30min EMA providing dynamic support. Mental SL placed at the thick pink line. Usually, I would place my stop loss at half the height of the market pattern but because this was such a tight DB, I felt I have to place it a bit lower where the first bottom occurred. If candles started closing below this point, I would consider closing. I opened a full position size and it was a banger of a day! Market open pushed straight up! Price ultimately moved 2979 pips from my entry. I closed when price made a DT on the 15min (indicated at the top hand icon). I would normally leave a runner, but I am on a mission to build my account and so don't want to leave money on the table. Made some good moola today! Hope you did too! Laters! Stats: Price moved a total of 3195 pips today. Of the total move, I captured 2651 pips / 83%. Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
Here I buy Vechain at $0.055 cents sell orders all getting filled with market orders And now I'm triggering the major Vechain supply shock baby crypto meg on the loose Take it or find an excuse I'm on the highway to moon no stop signs no speed limit nobody's gonna slow me down nobody's gonna mess me around cause I am in COMMAND hey sardines look at me I'm on my way to the promised LAAAAND
Hello, The US government moved 10K #bitcoin worth $963 million to Coinbase, which can fuel bearish pressure, but the market seems strong. I copied a relevant tweet into the chart. When Bitcoin inflow to exchanges goes up, the price usually goes down. It happened now. That's why the last five 4-hour candles print a bearish pattern. However, the market, according to the MACD, is still in a bullish trend. According to the Fear and Greed index, investors aren't afraid and most likely will exploit the bearish candle pattern to buy more in the bullish trend. The government's selling pressure will meet with investors' buying appetite. However, as long as the market remains this greedy, I don't see Bitcoin making new ATH. $99.8k might stay as a local top in the near future. So, in the upcoming week, I expect consolidation to unfold between the two white levels, $94.5k and $98.7k, in a price range marked by the white arrow, enabling large-cap altcoins to outperform Bitcoin. Regards, Ely
bondly has been consolidating the price for the last two weeks. it will start to rise in the coming days. I find my tool for bbw analsyis
This analysis highlights Algorand's (AIOZ/USD) bullish performance using the Dynamic Opening Range Breakout and Impulse Edge Detector. Multiple "BUY" signals showcase strong momentum, and the breakout above key levels confirms the uptrend. With volume increasing steadily, this could indicate continued strength. Thoughts on the next move?
Description: This trading idea highlights ATOM, the native cryptocurrency of the Cosmos ecosystem, designed to address one of blockchain’s biggest challenges: interoperability. Known as the "Internet of Blockchains," Cosmos enables different blockchains to connect and communicate seamlessly. ATOM plays a vital role in securing the network through staking and governance, while also incentivizing validators and participants. As blockchain adoption continues to grow, Cosmos stands out for its innovative technology, which could drive further adoption of ATOM as a core asset in the decentralized economy. However, the cryptocurrency market is inherently volatile, and factors such as regulatory developments, macroeconomic changes, and evolving market sentiment can significantly impact the price of ATOM. Investors should approach with caution and implement a robust risk management strategy when trading or investing in this asset. Disclaimer: This trading idea is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies like ATOM involves significant risks, including the potential for the complete loss of capital. Always perform thorough research, consider your financial circumstances, and consult a professional financial advisor before making investment decisions. Past performance is not indicative of future results.
#LTC has a very clear rising channel pattern as i was told before the roof of the channel can be touched and then it will be a 350 % profit from now ! if it make a correction it will be more too !
Very nice chart. After accumulation we have new 2W candle and it does looks very good for more upside. There is a huge interest now. Playing spot trade. Swing one. THIS IS NOT A FINANCIAL ADVICE MANAGE YOUR RISK AND USE STOPLOSS
XAGUSD H4 Chart Insight Bullish Reversal in Play Key Points: - Choch pattern identified after multiple BOS events - Trend reversal from bearish to bullish confirmed - Fair Value Gap observed Market Update: Silver surges after filling the Fair Value Gap and bouncing off the Point of Interest (POI) Trade Plan: SL below POI TP levels marked on the chart