It was a nice ride for those involved from the most recent lows printed on 30-31 December, however price still needs to break out of this channel if it is to get that massive next leg higher. Until then we are still waiting for the breakout. No need to rush we are here for the long run.
Everything is on the chart The price might pullback 61.8%-50% then continue down to 1.38% Fib Wait for the price pull back at that level to open a sell Goodluck
chart explains itself. buy and hodl. _____________________________________ GODBLESS!
#CAKE has a perfect pattern in long term I think it can make a big rise to the roof of the rising channel also the bearish waves are over this can cause a big rise !
Currently IDX:BBRI is still waiting for the right moment when its support is strong enough to support its market value to turn bullish. In my opinion, BBRI is safe to buy at a price range of 3,590 - 3,820.
$FWOG is picking up steam, looking like it's bouncing back big time. $FWOG was inspired by CRYPTOCAP:PEPE , boasting a huge community and distinctive art. The narrative around $FWOG remains solid, with the community buzzing with excitement. Technical Outlook: We're seeing $22.82 million in trades over the last 24 hours, which is pretty hefty for a meme token, indicating active trading interest. With a market cap of about $337.43 million, $FWOG's up there with the big dogs in the meme coin world. Price bounced off the daily demand and now challenging its local resistance. If we can break .35 resistance, we can see it going to .48-50 level Local support is around .29-.30, where we can see the highest volume being traded. Will $FWOG gets back to its all-time high? It's gonna be nuts!
Since Election day BTC has completed its motive wave and retraced on the impulse wave. Currently sitting in possible top of leg 1 of new 5-3 move.
A perspective from the chart and the ROC, RSI, as well as the organizational sell order limit, shows that Pepe will take a downward path.
BYBIT:XRPUSDT is in a flag pattern, bullish from the previous move. Technical analysis theory says that statistically, this chart pattern provides a higher probability of a future bullish price move than a bearish one. Given the previous large gyrations of the price while within the flag, and that the specific time of the expected bullish move is unknown, the trading opportunity is better suited to a swing trade than a margin one (as most margin trades have a tighter SL than a swing trade and a long flag might trigger the SL of a margin trade just because of the nature of the chart pattern) The trading approach would be to await a move back to the bottom of the flag for entry, which will also be a level where the 50 DMA also provides some level of support, utilise a 2 day filter to ensure that the price move to the bottom does not precede the price falling out of the flag / pattern failure (as previous moved have tended to go below the flag bottom on the 1 day chart), and then enter. The TP would be the size of flagpole (approx. 1.35 USDT). The SL would be when the price has closed below the 50 DMA or flag bottom (depending on risk appetite) with a 3 day filter. Risks to this trade: The current price rise (bull run) of most stocks and crypto currently can be traced back to the election victory of Trump and the expectation that his policies will be favourable to crypto and US businesses. These policies have yet to be defined and it is unknown if they will actually become policies. Therefore, it is probable that any setback to Trump's attempt to either formulate/implement these policies, or perception of not intending to actually even have them will be seen by the market as extremely negative and will likely cause the prices to fall as dramatically as they have risen. Note: The entry point for this trade can also be taken as an entry point for a next leg of a DCA purchase or a general buy and hold.
Daily RSI had been forming clear negative divergence since 30th Nov. The price broke the previous month high and daily candles formed the bearish engulfing pattern after. In the scenario like this, I usually close a trade or take a partial profit. However, Virtual is one of the most sought after infrastructure AI tokens, therefore, I need to take fundamentals into consideration. I am anticipating the price will resume another leg up, although it might go through some correction or sideway moves first. Instead of taking a short position, I am looking for a re-entry position. As of today, the price has dropped to the previous month high at $4.0 and the price is holding above that level. In the 4H chart, MACD and RSI are moving downwards but still remain in the bull zone. Stochastic (9,3,3) on the other hand has already reached oversold territory and entered into the bull zone. I will update the analysis on this chart in a day or two. But I think a good entry for long will eventually appear. I definitely won't go short for a strong asset like this, not matter how aggressively pulling down.