1. Trend Analysis: o Price action shows an upward breakout, supported by the Bollinger Bands widening. This is a sign of increasing volatility with a potential bullish continuation. o Historically, LTC tends to consolidate near the middle band before significant breakouts toward the upper band. 2. Volume: Very important this is the basics o Increased volume supports the current price breakout, providing confirmation of the move's strength. Key Levels: • Support: Middle Bollinger Band (~$117), acting as a dynamic support level. • Resistance: Upper Bollinger Band (~$140+), which may act as a short-term resistance. This analysis shows profit above 140 as a target, I think it could go as high as $300-$400 after the Litecoin ETF is approved*. (If Approved) Actionable Insights: • Bullish Scenario: If LTC-USD continues trading near or above the upper Bollinger Band, it could signal further bullish momentum. Traders might look for breakouts above recent highs. I’m not a trader but a swing trade here over a few weeks could be a good payoff. • Bearish Scenario: A reversal or sell signal on the DeMark 9 indicator, coupled with price closing below the middle Bollinger Band, could suggest a trend change to the downside.
Hi traders, Last week XAUUSD did exactly what I've said in my outlook. After the finish of the correction down into the lower Daily FVG, price went up again to the higher Daily FVG. Now price is rejecting from the higher Daily FVG so next week we could see a correction down. After that this pair could go higher again. Let's see what price does and react. Trade idea: Wait for the correction down to finish and after a change in orderflow to bullish on a lower timeframe, you could trade longs. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
Weekly analysis BTC is rising strongly, completing each correcti
Hello, Skyrexians! The best crypto of 2024 is BINANCE:SUIUSDT , while other altcoins dumped significantly this asset set the ATH every day. This growth caused a lot of optimism and not SUI almost doesn't have haters. It means that price action needs to be cooled off and we will explain you why. On the daily time frame you can see the entire impulse which consists of 5 waves. This is the complete impulse because of divergence on the Awesome oscillator. This is extremely bearish sign especially in conjunction with the Bullish/Bearish Reversal Bar Indicator which has already printed two red dots. You can check its accuracy before. For example it catches perfectly the bottoms of waves 2 and 4. These red dots does not mean that we will see the bear market, but major correction is in progress. The logical target is 0.61 Fibonacci at $1.35. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Weekly analysis The coming week is all correction and all rise
Wanted to revisit these as these are still SUPER likely to squeeze throughout the summer like GME As things start to move I will post more specific updates on wave counts and important levels to watch
Hi traders, Last week SPX500USD came into the 4H FVG's and rejected from there to the upside making a new ATH. Next week we could see a corrective move down and after that more upside. Let's see what the market does and react. Trade idea: Wait for a bigger correction down to finish. After that you could trade longs. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
? Welcome to TradeCityPro Channel! Let’s analyze MANA, one of the metaverse-category altcoins in the cryptocurrency market. Recently, I’ve had a feeling that we might witness a fake breakout in the market. Scroll Down to Check Out the Analytical Chart as Well! ? Overview Bitcoin As always, we start with Bitcoin’s 1-hour timeframe, which is currently in a calm state with no significant fluctuations, essentially ranging. If the 104227 trigger breaks and a lower high is formed, you can open a scalping short position, but make sure to secure profits quickly. For long positions, I plan to open one after 106498, as Bitcoin dominance is likely to rise, making Bitcoin my primary focus. https://www.tradingview.com/x/NvZyLGrq/ ? Weekly Timeframe On the weekly chart, MANA remains within a 200% range box, recently rejecting from the box's ceiling. I’ve already bought some MANA, but my main trigger for significant buying is a breakout above 0.7638. I don’t pay much attention to fluctuations inside the range box. After breaking the box ceiling, MANA could easily yield up to 600% profits depending on token count and market cap. If you’ve already bought within the range without sufficient momentum, consider setting your stop-loss below 0.2519. For re-entry, as mentioned earlier, wait for a breakout above 0.7638, where I’ve set my alerts. https://www.tradingview.com/x/V4OCNZSr/ ? Daily Timeframe On the daily chart, after breaking our daily trigger at 0.3390, which was also the box ceiling, we witnessed an impressive move, gaining 130% up to the box ceiling at 0.7833. This demonstrates why it’s better to buy after a momentum-driven breakout rather than inside the range box. Post-breakout purchases often lead to faster profit realization and better stop-loss placement, even if the entry point is slightly delayed. Currently, MANA is at a critical support level, correcting 50% of its impulsive wave, which is significant both in terms of Fibonacci retracement and Dow Theory, classifying it as a potential PRZ (Potential Reversal Zone). For re-entry, a risky buy can be considered after 0.5782, while a safer buy opportunity lies after breaking 0.7833. It’s too early to exit or take profits now, and I wouldn’t act on a breakdown of 0.4614, except to open a short position. https://www.tradingview.com/x/p7mlHGZP/ ⏱ 4-Hour Timeframe On the 4-hour chart, MANA is ranging at the 0.4614 key support, repeatedly testing this level without significant upward movement, indicating stronger selling pressure. However, if sellers fail to break this support, buyers may step in, potentially driving the price higher. ? Short Position Trigger The short position trigger is straightforward: I will open a short position after breaking 0.4614. However, since I expect a fake breakout, I will secure profits quickly on any short positions. ? Long Position Trigger Currently, there isn’t a clear long trigger. If a fake breakout occurs, I’ll look for opportunities to take a long position using my fake breakout strategy. Additionally, if higher highs and lows form, I’ll search for a reliable long trigger. https://www.tradingview.com/x/nAiAaNZG/ ? Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Hello everyone, let's look at the 1D BNB chart to USDT, in this situation we can see how the price moves over the upward trend line over which the price is currently persistent. However, let's start by defining goals for the near future the price must face: T1 = 706 $ T2 = $ 728 Т3 = 756 $ T4 = $ 795 Let's go to Stop-Loss now in case of further declines on the market: SL1 = $ 668 SL2 = $ 639 SL3 = $ 595 SL4 = $ 543
The video will describe it fully. Got excited about the weekly breakout, but there are other things that don't look that rosy for me. If it checked more boxes, I would go even deeper in my analysis and maybe take a 1/4 to 1/2 position on Monday.