Trade setup : Bullish breakout from Pennant pattern signals resumption of uptrend with upside potential to $8.00 or even $10.00. Stop loss at $6.60. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular...
Trade setup : Price broke above $0.06 resistance and 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. It got overbought (RSI ~ 75) just as it reached $0.085 resistance and saw some profit taking around this level. Now we wait for price to either 1) break above $0.085, it would signal continuation of uptrend with upside potential to...
Trade setup : Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signals resumption of uptrend with upside to $40K near-term. Stop Loss at $36.7K (most recent swing low). Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing...
💎 Yello, Paradisers! Turn your attention to FETUSDT – it's currently exhibiting an upward momentum within an ascending channel, hinting at a potential adjustment in response to a nearing supply zone. 💎 Recently, Fetch.AI has been steadily climbing within this channel. Yet, we might witness a shift or correction in the near future. It's crucial to acknowledge that...
Trade setup : Price is approaching $0.40-$0.42 resistance zone, trading in an Ascending Triangle pattern. We wait for price break out, which would signal continuation of uptrend, with near-term upside to $0.46. Previously, price broke above 200-day moving average ($0.30), which confirmed a bullish trend reversal to an Uptrend. Pattern : Ascending Triangle which...
Logarithm. Secondary trend. Time frame 3 days. Long-term horizontal channel (accumulation) with the step of 108%, currently 11 months long. The key “level” of the channel formation is 1.128 (last update, before the accumulation formation). There were no stop loss withdrawals under this channel at the moment. The price is currently at the lower zone of this...
Trade setup : Price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. However, price got overbought (RSI ~ 75) just as it reached $8.00 resistance and pulled back on profit taking by traders. Now it’s consolidating in a Bullish Pennant pattern. If it breaks above $7.15, it could signal resumption of uptrend with upside...
AAVE (AAVE) technical analysis: Trade setup : Price is in an Uptrend. It briefly consolidated in a Bullish Flag pattern and broke out of it, back above $95 resistance, with upside potential to $115 next. Previously, following a bullish breakout from Channel Down pattern, price broke above 200-day moving average, which signaled a bullish trend reversal to an...
AAVE (AAVE) technical analysis: Trade setup : Price is in an Uptrend. It briefly consolidated in a Bullish Flag pattern and broke out of it, back above $95 resistance, with upside potential to $115 next. Previously, following a bullish breakout from Channel Down pattern, price broke above 200-day moving average, which signaled a bullish trend reversal to an...
💎 Paradisers, prepare for a promising trading opportunity with LQTYUSDT. The asset is currently exhibiting notable activity in the demand zone, which could be a precursor to an upward trend. 💎 Liquity has been consistently following a trading channel pattern. Its recent breakout above this channel suggests a climb towards a resistance level, followed by a swift...
💎 Paradisers, get ready for a dynamic trading opportunity with XEMUSDT. The asset is demonstrating significant activity within the demand zone, suggesting an impending shift towards an upward trend. 💎 NEM has been following a trading channel pattern with precision. Its recent breakout from this channel signals a potential rise towards a resistance level, then a...
Avalanche (AVAX) technical analysis: Trade setup : Price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure). Now we wait for price to either 1) break above $22.00 to signal continuation of uptrend, or...
Ape Coin (APE) technical analysis: Trade setup : Trends are improving, although price still needs to break above 200-day moving average (~$1.81) to confirm an Uptrend. But if it does, it could revisit $2.00 or even $2.50 thereafter. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish but inflecting. MACD Line...
Algorand (ALGO) technical analysis: Trade setup : Price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. So far it has been rejected at $0.15 resistance. We wait for price to either 1) break above $0.15 to signal continuation of uptrend with upside potential to $0.18 near-term, or 2) pull back near $0.12...
💎 Paradisers, gear up for a promising trading opportunity with LINKUSDT. The asset is currently showing significant activity within the demand zone, suggesting a potential move towards an upward trend. 💎 ChainLink has been diligently following a trading channel pattern. Its recent breakout above this pattern suggests a likely rise to a resistance level, before a...
DogeCoin (DOGE) technical analysis: Trade setup : Following a bullish breakout from Descending Triangle, price broke above 200-day moving average, which confirmed an Uptrend. Price also briefly broke above $0.08 resistance where it got rejected in August but has pulled back on some profit taking. Now we wait for price to either 1) break above $0.08 again to...
Binance (BNB) technical analysis: Trade setup : Trends are improving. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July. Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was...
Bitcoin Cash (BCH) technical analysis: Trade setup : Bearish breakout from a Rising Wedge pattern, could lead to a pullback to $200 support area (and 200-day moving average) in the near-term, which could be an attractive swing trade entry, with upside potential back to $250. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential...