? Daily Timeframe Highlights: RSI Movement: RSI is crossing above the 13 and 55 SMAs. First Resistance Zone: Approaching around the S2 Quarterly Pivot Point. Potential Target: The price could reach the second resistance zone, coinciding with the arrival of the 55 SMA at that level. The RSI is crossing above both the 13 and 55 SMAs. With the price reaching the 13 SMA, we are currently approaching the first resistance zone, located around the S2 Quarterly Pivot Point. Based on the divergence shown in the RSI Difference indicator and the recent RSI cross above the 55 SMA, it is likely that the price could reach the second resistance zone. This is expected to align with the arrival of the 55 SMA at that level. ? Weekly Downtrend Overview: Indicators: The 13 SMA has crossed below the 55 SMA, confirming a downtrend. Wave Analysis: Currently in the second retracement of wave 3, which should outlast the first retracement (per Elliott Wave theory). Projection: Wave 4 retracement may reach the 13 SMA. https://www.tradingview.com/x/2s2grR9l/
https://www.tradingview.com/x/TfCZKUQl/ ✅EUR_USD will be retesting a supply level around 1.0616 soon From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT? ✅Like and subscribe to never miss a new idea!✅
ETH has been underperforming for while and there is lot of negative news about ETH. Recently ETH has broken multi month consolidation soon we will see ETH-BTC pair breakout, I will be holding my SPOT ETH till we see below price action . My end of bull run target is ~5700-6400$
People is also forming a bull flag on the weekly. Has shown lots of buying pressure around the $0.06 level as well as has held the median (50 RSI) on the weekly for many weeks now.
Suprise Suprise, Nano can do a 30x and might even do it in a 1 month candle. XRP did 50 billion in a week and Nano is superior to xrp. No fees and faster. Do your own research before investing!
Massive breakout for Theta! ? With a remarkable 150% surge, the cryptocurrency is turning heads and redefining market trends. Analysts are eyeing this move as a major step toward a potential bull run. Can Theta sustain this explosive growth, or is the market bracing for a correction? Stay tuned as this crypto powerhouse reshapes the..
Be ready for the price action, WLD token breakout is confirmed currently 3rd wave is unfolding we should see price target ~ 9-10$ in next couple of months.
Hello, The optimistic break out of a possible bullish wedge pattern suggests potential price action of reclaiming the $97.3k price level. The white trendlines mark the borders of a falling wedge pattern, which is usually a bullish pattern. The upward break out from the pattern further indicates a bullish scenario. The bullish chart pattern aligns with technicals like MACD, signaling a weakening bearish momentum. Per the wedge patterns' dimensions, if the price returns to the wedge and hits stop loss levels like $96.5k, the bullish scenario can be considered invalid. Otherwise, a minor pullback is possible to the upper white trendline until BTC picks up bullish momentum and volume. The volume profile shows relatively minimal interest at the current levels. So, I expect BTC to move out from these levels soon. Achieving the target of $97.3k would not only fulfill the bullish potential according to the dimensions of the wedge pattern but also bring the price to levels where investors are interested in trading. Sentiment: As of November 2024, the market sentiment for Bitcoin is extremely bullish. This is reflected in the Crypto Fear and Greed Index, which currently sits at 88, indicating extreme greed. This high level of optimism suggests that investors are highly confident in Bitcoin's future and are willing to take on more risk in anticipation of further price increases. Global economics: The ongoing strategic competition between the US and China continues to shape the global economic and political landscape, impacting trade, technology, and security. Competitors may recognize the potential to exploit Bitcoin, which will help the price to reach higher levels. Risk management: I encourage you to configure your stop loss and diversify your investments to reduce risk. Regards, Ely
SUI has consistently outperformed SOL for the past few weeks. If the downward trend in SOLSUI continues, it means SUI will outperform SOL
Hello dear friends, I hope everyone is doing well. Today, after a long time, I am sharing an analysis regarding SHIB/USDT. Observing the current trend, it seems likely that SHIB/USDT might hit new highs in the near future. Therefore, if I need to take an entry from a stronger zone, I will wait for the mentioned liquidity to be hunted and then proceed based on confirmation. I encourage you all to review this setup, conduct your own analysis, and form your perspective to set up a trade accordingly. Please note that this is not financial advice; it’s just my personal idea that I’m sharing with you. Thank you!