Yello, Paradisers! Is #ANKRUSDT poised for a breakout, or are we heading deeper? Let’s break down this critical setup for #Ankr: ?#ANKR has been trading within a descending channel on the 4-hour chart. The price is approaching the descending resistance of this channel and the next few candles will determine whether bulls are ready to take control. ?For #ANKRUSD to confirm a breakout, it must decisively close above the $0.0406 resistance level. This would open the door to a rally towards the major resistance zone at $0.0485, where sellers may return in force. A strong breakout here could fuel momentum for further upside, potentially targeting even higher levels. ?If buyers push the price above $0.0485, it will signify a major shift in market sentiment, and we could see #ANKR head toward $0.0580 or higher. To confirm this breakout, you need to watch for increased trading volume and strong bullish candles. Without these signals, any upward move risks being a fakeout. ?On the flip side, failure to break the descending resistance could lead to a pullback toward the $0.03307 support level. If this support doesn't hold, the price may retest the demand zone at $0.02776. ?A 4-hour candle close below $0.02776 would invalidate the bullish setup and could trigger a sharp decline toward $0.02500 or even lower. Traders should exercise caution if this scenario unfolds. Stay focused, patient, and disciplined, Paradisers? MyCryptoParadise iFeel the success?
Lets be mindful of how we apply the use of Support and Resistance.
looking at the current market sentiment I see a short term bull move on ETH so that means also on the other altcoins. EOS tested the demand zone on the 30M timeframe so I believe we can go bullish here for arround 3%
News analysis: On Thursday, January 2, spot gold rose slightly in the U.S. market, currently around $2,658.38. Gold prices rose 27% in 2024, the largest annual increase since 2010, driven by safe-haven demand and interest rate cuts by central banks; however, market sentiment may become more cautious, depending on policy changes during Trump's second term as president. In addition, the U.S. dollar index hit a two-year high on Tuesday, and the U.S. 10-year yield hit its best annual increase in two years, and gold was also cautious. Gold trend analysis: From the market point of view, as the gold price continues to rise, various graphics have formed very obvious and strong support, among which the 2645-2650 area, and once the gold price can stabilize above this area today, the daily support will definitely continue to rise, which will also lay a more favorable foundation for the bulls to steadily hit new highs. Combined with the risk aversion demand caused by risk events, it is not an exaggeration to expect that the gold price will be close to the 2700 mark this month; but if the short-term reversal of the short position breaks through the 2633-2630 area, it will increase the possibility of the short position continuing to explore. However, whether this possibility can be realized needs to be judged in combination with more factors. After all, the overall trend of gold is still rising. If the adjustment is too strong, it will not only break the trend, but also cause the gold price to fall into a weak trend below 2600 in the short or medium term. Operational ideas: Mainly buy on pullbacks, with support focused on the 2638-2640 area. If the 2663-2668 area is broken, it is necessary to lock in profits and move the target to the 2670-2680 area. Otherwise, leave the market to observe the subsequent performance of the bulls and the changes in risk events. For the bears, due to the recent market fluctuations and the rising trend, it is necessary to pay attention to the trend change that leads to the strengthening of the bears whenever the gold price falls below the 2600 mark.
watching the stock for a reversal setup for more continuation upside. looking at the break atm as a potential start to the upside. trade your strategy
ethereum with weekly time frame it will be bullish to 4900 profit and other because have cup with handle chart pattern
#REEF has a very nice rising pattern the market dropped to the demand zone and now demand is hit so price is targeting supply zones so 2 targets can make us up to 354% profit !
The chart was created by identifying the true support and resistance levels for the NEIRO currency since September. Between each support and resistance level, there is approximately a 7-25% range, offering several strategies to profit within these zones. NEIRO is preparing for takeoff and is currently at a critical price level. We should see NEIRO at 0.00163296, which is a significant point that represents the area with the highest trading volume since NEIRO's inception. In my opinion, the short-term target for NEIRO is 0.00231861, with a potential long-term target of 0.004 - 0.005 in 2025. Trading markets carry significant risks, and this is not financial advice but a technical analysis. We will see its results in the coming days. #To_The_Moon Everything mentioned above will only come to pass In sha Allah
In January 2nd I've been away from the market for a week or so. I think some of the the index markets are going to reverse and go lower but it's not exactly clear right now. I spent more time than I should have on this video but I wanted to show a few examples of range boxes because I think range boxes are going to be useful in the next couple of weeks.
I believe we are still in an uptrend to 2.16XXX. On the lower timeframe, price had so much momentum to the upside, we did not have a fibonacci retracement of at least 38.2. Price stalled out at the 1.18 and 1.27 D extension and sold to the 61.8 level. I believe the 4HR fib is still active and needs to complete. I think our next stop is 2.063XX to finish out the current sequence. 4HR and Daily stochastic are in the buy zones.