Bullish engulfing in the weekly time frame and expected to reach the 138.5 mark. May be a bit cautious at 138.5 and check for further moves.
Daily support My can bounce from here First resistance around 0.63
#usdt #tether dominance made W bounce in about 1 year period and in weekly candle stick size, #usdtd also formed bullish divergence. This movement seems not good for #crypto and #altcoins in mid term.
2019 had that prolonged sideways accumulation right on that same support level (circled). Today’s chart is behaving similarly, revisiting that line while momentum is slipping. If market repeats 2019’s pattern, we could see an extended consolidation on top of that support, eventually setting up the next rally once selling dries up and buyers return in full kapaw yabadaba’doooo mode
STMX has a support level between 0.002 and 0.00375. Breaks above downtrend would be bullish. TPs @ 0.09 and 20.00
this is a Zano TA to provide some entrys ... for trading with SL or to DCA in ... looks like a really good project with an amazing chart!
I'll be happy if you place your comments so we can discuss
https://www.tradingview.com/x/HILbHLjX/ A wide range action is persisting ing ETH. Ok, the swing up is in making, but it's hard to get the idea of shape. Possibly it should be filling the volume shortage between current levels and 3100.
Is it just me or is it weird that even the yield of treasury notes trades within channels and diagonals like stocks and oil ? This chart pattern could be described as a bull flag. Rising yields don't necessarily lead to lower stock prices: https://www.tradingview.com/x/ReTOP3VJ/ But the bigger picture issue could be the interest payments of the US government, which reached a record of 4.4 trillion USD in 2024.
These are the levels, trend lines are psychological not real. Traders draw lines and then see a pattern, it is an illusion. What is real right now is that golden pocket and that TP1 target. Focus on what is real and you will make wins. Also, to get a change in structure there has to be expansion which means a headfake or two hitting lower lows. This thing is not going to just take off without shaking a few of you out of the trade first so get ready to get shaken out if you don't have balls. Just FYI, I have huge balls (figuratively speaking :) lol) so scary feelings you may be having about ALT coins getting smashed isn't going to make any difference in my trading plan. When a price gets into a golden pocket at the bottom of a channel I start doubling up. The bottom of a range is a time for calmly looking at what is in existence. Are there order walls? Are long orders stacking up below the range? Is volume very low? I want all of you to win but you can't message me with ideas outside of my trading strategy. I am going to say it again, I don't sell at the bottom of the range unless I see an absolutely bearish structure change and I just don't see it here. I see a descending squeeze that has served as a reliable range for a long time. I actually see a lot of bullish signals all over the ALT coin market so no I am not worried to the least. Business as usual. Trade the range.