Beaten down, but fundamentally still a good business and my research is telling me that sales have picked up meaningfully since last earnings. Chart has a nice RSI divergence and daily reversal candle signifying a bottom has just been made on Friday 17th Jan. Ballsy to pick an exact bottom? Yes... But sometimes a setup comes along that you have high confidence on and this is one of those for me ;)
I have been charting DOGE for years now. I called the crash from 0cents area and chart is linked below. I have been charting it since then and called most of the moves accurately. What we have now for DOGE is on this 5 day chart it is at the similar stage as per the last cycle where red arrow is. Target is the rectangle box above. DOGE should hold the EMA21 on it's parabolic move up. Don't forget to smash that rocket like button.
maybe xrp cup and handle not sure but really looks like one to me .
//@version=5 indicator("Master Signal Indicator", overlay=true) // Inputs ema1 = input.int(50, "Short EMA") ema2 = input.int(200, "Long EMA") supertrend_atr = input.int(10, "Supertrend ATR Period") supertrend_mult = input.float(3.0, "Supertrend Multiplier") rsi_length = input.int(14, "RSI Length") macd_fast = input.int(12, "MACD Fast Length") macd_slow = input.int(26, "MACD Slow Length") macd_signal = input.int(9, "MACD Signal Length") // Indicators ema_short = ta.ema(close, ema1) ema_long = ta.ema(close, ema2) = ta.supertrend(supertrend_atr, supertrend_mult) rsi = ta.rsi(close, rsi_length) = ta.macd(close, macd_fast, macd_slow, macd_signal) volume_ma = ta.sma(volume, 20) // Conditions bullish = direction == 1 and ema_short > ema_long and macd_line > signal_line and rsi < 50 and volume > volume_ma bearish = direction == -1 and ema_short < ema_long and macd_line < signal_line and rsi > 70 and volume > volume_ma // Plot Signals plotshape(bullish, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, title="Buy Signal") plotshape(bearish, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, title="Sell Signal") // Supertrend Background bgcolor(direction == 1 ? color.new(color.green, 90) : color.new(color.red, 90))
Metals look to have tailwinds with bonds finding support (real rates coming off), DXY stabilising, and the incoming trump administration. The charts are constructive with possible early breakouts. If upward momentum continues then price will likely target recent highs and then possibly higher after consolidation or pullback. Possible risks to trade include resumption of bond decline with rising real rates and USD strength.
Summary: The updated BTC/USD 4-hour chart highlights a crucial juncture as Bitcoin approaches $105,000, a major resistance level. Momentum indicators and price action suggest the market is at a decision point, where a breakout or pullback will determine the next direction. Let’s dive into the details: Key Observations: Bitcoin is testing a significant resistance level at $105,000, which aligns with the upper boundary of an ascending wedge and a critical psychological level. A breakout above this level could trigger a rapid move toward higher targets, including the 1.618 Fibonacci extension at $110,762. Rounded Resistance Formation: The parabolic curve suggests strong upward momentum but also hints at exhaustion near current levels. Historically, similar formations have resulted in short-term corrections. Fibonacci Support Levels: 0.618 Level: $97,449—This level serves as the immediate support if a pullback occurs. 0.382 Level: $94,307—A stronger support zone, with historical significance and confluence from previous price action. Momentum Indicators: MACD: The MACD shows signs of flattening, indicating weakening momentum but has not yet crossed into bearish territory. A clear cross would confirm a short-term reversal. RSI: The RSI is currently in overbought territory, which historically aligns with pullbacks or consolidation periods. Potential Price Structure: Bullish Case: Breakout Above $105,000: A breakout with strong volume could push Bitcoin toward $110,762, the 1.618 Fibonacci extension, and potentially beyond. Momentum Reset: A slight consolidation above $102,535 followed by renewed momentum could signal sustained bullish continuation. Bearish Case: Rejection at $105,000: A failure to break the resistance may lead to a pullback, with immediate support at $102,535 and stronger support zones at $97,449 and $94,307. Overbought Indicators: RSI in overbought territory and a flattening MACD increase the likelihood of a short-term correction. Key Levels to Watch: Resistance: $105,000: Current resistance level and critical psychological barrier. $110,762: The 1.618 Fibonacci extension and next upside target after a breakout. Support: $102,535: Near-term support if a pullback begins. $97,449: 0.618 Fibonacci retracement and first major support zone. $94,307: 0.382 Fibonacci retracement and critical historical support. Conclusion: Bitcoin is at a pivotal resistance level of $105,000, with momentum indicators signaling caution. A breakout above this level could drive prices toward $110,762, while a rejection may lead to a pullback to $97,449 or $94,307. The market is showing signs of overextension, but volume and momentum in the next few sessions will determine the direction. Are you betting on a breakout to $110,000 or preparing for a pullback to key supports? Share your thoughts below! ??
Magic Eden looks to have carved out a double bottom around the $2.30-2.40 area. It is also in a very large falling wedge. We appear to be breaking out from the downtrend of that falling wedge as we speak. We need to establish support above the demand zone S/R of $3.26. From there we would need to attack the $4.00-$5.00 area and establish it as support. If we can do that, I could maybe see Magic Eden hitting $24.00-$30.00 for the latter part of this bull market. Thank you, and best of luck in your trading and investing!
https://www.tradingview.com/x/XYFzFWLY/ Firstly, I prefer to disclose that I have CFD Long holdings in Tron. Now, I rebought only very very recently, this would be my 3rd round of buying in about as many month's, CFD's for mind encourage liquidity due to 'swap-rates' which are basically overnight holding rates because it must be remembered that we are mostly borrowing funds from our broker but that percentage amount of how much is borrowed varies depending on how much I buy for example in TRXUSD and how much my available margin amount is. Do you think CFD;s are better for buying Crypto's, I suspect there are for and against campers'. I want to keep my writing brief going forwards as people already are bombarded with too much trading info. Did you know that Tron is the most profitable Crypto currently, says so in the following article. https://www.tradingview.com/news/u_today:963ebc8d3094b:0-tron-trx-now-most-profitable-cryptocurrency-in-top-50/ Lastly, I have posted a 1Hr chart to the left of screen and the daily to the right, both charts for Tron show a bullish breakout from a point denoted with a green broken vertical line. Further, confirmation in recent days that Bitcoin is now breaking out and in case you are wondering I captured this very recent breakout using ChartPrime's 'smart money indicator' which is free for trading view people. Any Q's don't be shy.
XRP is showing a simple bull flag on this pump, with the positive crypto narrative I believe this will break to the upside next week. My target for the next month or two is 4.35
This chart reminds me of TSLA so much it hurts. A multi month correction forming a massive wedge. Do I care about the fundamentals of this robotic company that serves walmart warehouses? no. Does it fit a narrative that draws attention yes. A bottomed stochastic RSI is noted with a falling BBWP. This chart has 16 attempts at breaking the resistance on the weekly, the time is now. If this does not break here it will fall hugely. The rising bottoms into the contraction noted is bullish. My plan: Small bet, May calls OTM on this breakout attempt I will take the L at 26 closure My PT1=35 PT2=40.7 PT3= golden fib at 55$