The current liquidity zone at $2100 presents a crucial area of interest. If ETHUSD breaks through this level, it may trigger a new bullish trend. This could be a significant inflection point, potentially leading to a sustained upward movement in the market. Key Considerations: The liquidity zone at $2100 acts as a major price barrier, with heavy buying activity likely to occur if it's breached. A successful breakout above $2100 could lead to a sustained upward movement in the market, potentially driven by increased investor confidence and momentum. This could be an attractive entry point for long positions, with a potential target of $2200-$2300 in the short-term. Risks and Cautions: A failure to break through the liquidity zone at $2100 could lead to a reversal in market sentiment, potentially resulting in a decline to $2000-$1900. It's essential to monitor market conditions and adjust trading strategies accordingly to minimize potential losses. Please note that this analysis is for informational purposes only and should not be considered as investment advice.
Switching to FOREX, momentum and volatility reversal is evident on this pair technically. There is a confirmation by MIDAS line cross ~ actually a triple cross of MIDAS, vWAP and US lines by that engulfing bullish candle. If this is not a switch of modality then its a whipsaw.
XRP/USDT is presenting a high-probability short opportunity as it approaches key technical levels. A Change of Character (CHoCH) on the daily timeframe signals bearish momentum, while a fresh H1 supply zone at $2.42 could serve as a strong resistance point. With these factors aligning, a potential downside move to the $2.18 level is in focus. Key Technical Factors Supporting the Short Daily CHoCH Formation: XRP/USDT has printed a CHoCH on the daily chart, indicating a shift from bullish to bearish market structure. This signals a possible trend reversal as sellers begin to take control. H1 Fresh Supply Zone at $2.42: On the H1 timeframe, a newly formed supply zone around $2.42 aligns with the bearish narrative. This zone is likely to act as a strong resistance, providing an ideal entry point for short positions. Target Level at $2.18: If the supply zone holds, the next logical support level lies at $2.18, making this a reasonable take-profit target. Risk Considerations Volume Confirmation: Ensure there is bearish momentum (increased sell volume) as price taps the supply zone. Invalidation: A clean break above $2.45 would invalidate the short setup.
In the weekly timeframe, it seems that the price has broken its upward trendline. But I'll wait for the pullback. On the other hand, the price might also reach the upper drawn trendline, which could be a good point for a sell.
BIL Chart. This is for testing the publish feature.
Easy 70% to be gained on this stock. Looks like this current level is where we are going to bottom out and begin a bullish phase.
The daily chart of Tether dominance indicates that it has been moving within a long-term descending channel. Recently, it has broken above the mid-line of the channel and is now attempting to reach the upper boundary. It is expected to touch the 5.3% level, after which further analysis will be required to determine whether it will break above the channel's resistance or retrace toward the lower boundary. A move toward the lower boundary could serve as a strong signal for the beginning of an alt-season.
Same same but different, last week on ETH we had a simmilar situation in the weekend a huge liquidation spike. Looking at the bitcoin chart it looks it wants to fall and does the same. So I expect the whales will drop the price in a same liquidation spike as ETH last weekend. When? I dunno can this weekend but not too long. The BTC price will drop to the demand zone at 87k level. That's the most logical level the price will find support. The positive thing is when the price holds at 87k with a pinbar and bought up again. You can be 99% sure the price will go up in the upcoming months and we see an alt season. If the price falls down to 70k then it will take a lot longer to recover. So best thing is you can place a limit order at the 87k area. Or just wait when the capitalization is over.
The yellow dashed line shows the next resistance level. IMO it shouldn’t be too difficult for LEU to break through this level. The volume profile has been extremely robust, but some corrections may occur along the way. If there is no aggressive correction and the price moves beyond this yellow line, a true bullish trend may be underway. https://www.tradingview.com/x/4JfrlRGm/
Elliott Wave Analysis is showing that the 4th wave WXY 3, 3, 3 is now completed and we are now in the final 5th wave. Waiting for 2nd sub wave to finish before the HUGE pump to the upside. Projecting the 2nd wave will end between .22 to .24 based on Fibs.