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SUSHIUSDT Breakout or Bull Trap?Yello, Paradisers – could this finally be the moment SUSHIUSDT flips the script, or are we about to walk into another trap? With Bitcoin potentially preparing for a short-term pullback, traders need to be extra cautious right now. That said, SUSHIUSDT is showing promising signals that are worth your full attention. 💎After a prolonged downtrend, SUSHIUSDT has broken out of a significant resistance trendline. What makes this breakout more convincing is the confluence of bullish signals appearing across multiple technical indicators. We’re seeing bullish divergence on both the RSI and MACD, suggesting a shift in underlying momentum. On top of that, the Stochastic RSI is showing hidden bullish divergence, which typically signals the continuation of an uptrend. Together, these factors increase the probability of a meaningful bullish move. 💎From a trading strategy perspective, aggressive traders may choose to enter at the current market price. This entry offers a risk-to-reward ratio close to 1:2, which meets the basic criteria for a solid trade setup. However, conservative traders should consider waiting for a potential pullback. Given the current market conditions and the likelihood of a short-term correction in BTC, a retest of the breakout level is likely. If SUSHIUSDT retest support—and prints a clear bullish candlestick pattern, that could offer a safer entry with an even better risk-to-reward profile. 💎It’s crucial to note that this bullish scenario becomes invalid if SUSHIUSDT breaks below the support zone and closes a candle beneath it. In that case, the technical setup would be considered broken, and it would be wise to stay out of the trade until a stronger, more reliable structure develops. Strive for consistency, not quick profits. Treat the market as a businessman, not a gambler. Only those who stay disciplined and wait for confirmed setups will come out on top in the long run. Patience and strategy will always beat emotion and FOMO. Trade smart, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Visa (V) Buy Signal: 3-Step Rocket Booster StrategyVisa (V) Buy Signal – Daily Trigger + Weekly Pullback + Rocket Booster 🚀💳📈 Visa Inc. (V) NYSE:V is flashing a compelling buy signal, supported by daily price action, weekly momentum readings, and long-term trend confirmation via the Rocket Booster Strategy. Step 1 – Daily Candlestick: Bullish Signal On the daily chart, Visa is showing bullish candlestick formations, including long lower shadows that confirm buyers are stepping in to defend support. This provides the entry trigger. Step 2 – Weekly Oscillators: Sell / Strong Sell The weekly oscillator rating is currently in Sell / Strong Sell territory. This highlights short-term momentum weakness, which in the context of a bigger uptrend often creates an ideal buy-the-dip scenario. Traders can use this temporary pullback as an opportunity to position before momentum flips back upward. Step 3 – Monthly Moving Averages: Rocket Booster Strategy (Strong Buy / Buy) On the monthly timeframe, Visa shows a Strong Buy / Buy rating on moving averages. This is the Rocket Booster Strategy in action: the long-term trend is powerful and acts like a booster, propelling prices higher once short-term weakness fades. The Buy Case for Visa Daily Candlestick → Bullish trigger (buyers defending support) Weekly Oscillator → Pullback offering better entry levels Rocket Booster (Monthly MAs) → Long-term trend remains strongly bullish This multi-timeframe alignment makes Visa a high-probability candidate for further upside. Trade Idea Entry Zone: Near current levels or on dips Stop-Loss: Below recent daily lows Profit Targets: Previous swing highs and psychological resistance levels The combination of a daily entry trigger, weekly pullback, and monthly Rocket Booster creates a textbook buy setup. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Trading and investing carry risks. Always practice on a demo account first , and develop solid risk management and profit-taking strategies before committing real capital.
NYSE:VLong
by lubosi
SHOP - BULLISH SCENARIO since 12 MAY 2025 SHOP - CURRENT PRICE : 145.15 SHOP is bullish as the share price is above 50-day EMA. Price action on 12 MAY 2025 is considered starting of bullish scenario because supported by several key indicators : Share price gap up Price broke out 50-day EMA Price moving above ICHIMOKU CLOUD RSI moving above 50 From 1 August (near 50-day EMA support) to 6 August, the stock recorded a strong upward rally. Following this advance, prices entered a corrective phase and retraced approximately 50% of the prior upswing. According to Dow Theory, such a retracement is considered a normal and healthy correction within an ongoing uptrend. Retracements in the range of one-third to two-thirds of the prior move are typical, with the 50% level often serving as a natural equilibrium point where buyers re-enter the market. Sustaining above the 50% retracement level would reinforce the bullish structure, while a recovery from this zone could pave the way for a retest of the recent highs. However, a decisive break below the 61.8% retracement may imply weakening momentum and a deeper corrective phase. Take note that until now the share price is still above 50-day EMA and ICHIMOKU CLOUD while RSI also moving steadily above 50 level. There is also rising support line - strengthening bullish outlook. ENTRY PRICE : 141.00 - 145.50 TARGET : 159.00 and 175.00 SUPPORT : 50-day EMA (CUTLOSS below 50-day EMA on closing basis)
NASDAQ:SHOPLong
by IMRAN_96
14
Long Bonds: Bullish ShiftU.S. 30-year Treasury futures have delivered a definitive bullish signal, casting doubt on the anxiety being expressed by some market participants about the relatively rapid steepening of sovereign bond curves. Wednesday delivered a bullish key reversal candle on the daily timeframe, followed by further buying on Thursday that saw the price move back to minor resistance at 117’28, breaking through the 200DMA in the process. While volumes were not especially large accompanying the move, they were not insignificant enough to dismiss the signal—especially as directional shifts in the contract have tended to last weeks rather than days recently. The bullish breakout may have legs, pointing to the potential for an even larger decline in long-end Treasury yields beyond that already seen. While this analysis is more about pushing back on the bearish narrative that the long end of the yield curve is about to wreak havoc on broader markets, for those interested in a trade idea, a clean break above 117’28 would create a bullish setup where longs could be established above the level with a stop beneath for protection. Sellers may be encountered above 119’00, although the 50DMA or resistance at 119’19 screen as more appropriate upside targets. While the 50DMA still has a negative slope, that bearish signal is countered by momentum indicators which are quickly shifting bullish. RSI (14) has broken its downtrend and is now back above 50, while MACD has just delivered a bullish crossover, albeit marginally in negative territory. Combined, the momentum signal is one shifting directional risks. Good luck! DS
CBOT:UB1!Long
by FOREXcom
BTC Analysis 1H - Key Triggers Ahead | Day 32💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing BTC on the 1-hour timeframe timeframe . 👀 On the 1H timeframe of Bitcoin, we can see that after yesterday’s news BTC moved upward but got rejected at the $112,300 zone. It then found support at the bottom of its ascending channel. Bitcoin is now waiting for tomorrow’s NFP release. The key level that price reacted to is $112,300 — a breakout above this zone could trigger another move to the upside. The current support is around $110,340, and if this level breaks, the next major support lies near $107,500. ⚙️ RSI key zones are at 36 and 70. If momentum breaks through these areas, Bitcoin could start a stronger move. 🕯 The size and volume of the recent red candles indicate selling pressure. However, when price bounced from the channel bottom, the bearish momentum weakened. If selling pressure increases and the support is lost, red candles may grow even larger. 📊 Looking at the 1H Tether dominance (USDT.D), after the recent drop it shows signs of a rebound and is completing its pullback on this timeframe. The key zones to watch are 4.39% and 4.47%. A breakout above these levels could bring significant trading volume into Bitcoin. 🔔 Alert zones for Bitcoin are set at $110,340 and $112,334. A breakout of either zone could provide us with trade opportunities. Keep in mind that the current structure is ranging and compressed, so it’s better to trade with lower risk. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
by SatoshiMultiframe
Will Cameco Continue Higher?Cameco has consolidated after breaking out to new highs, and now some traders may think it will continue upward. The first pattern on today’s chart is the series of lower highs between late July and late August. The uranium stock has been attempting a potential breakout through this line, which could potentially open the door to new buyers. Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in June and has remained above it since. It’s also now holding the 50-day SMA. That kind of price action may be consistent with bullish long- and intermediate-term trends. Third, MACD is showing signs of turning higher, and the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. Could that be viewed as bullish in the short term? Finally, CCJ made a low in early August and a lower low in late August. It then began September by making a higher low. That may further suggest the period of consolidation is nearing an end. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:CCJ
by TradeStation
Hang Seng Tech: Bulls and bears face off at key supportThe downside we were looking for in Hang Seng Tech has played out quickly, with the trade hitting its initial target in less than three days. Price is now sitting at a known support level, creating the opportunity to assess both bullish and bearish setups depending on how it closes the session. If it can finish above the 50DMA and channel support, longs could be established with a tight stop beneath the uptrend for protection. 5700 is the first obvious target given it’s a big figure, with a push through that improving the odds of a retest of resistance above 5800. If it closes beneath the 50DMA and channel support, the setup flips. Shorts could be established on the break with a stop above the 50DMA for protection. Downside targets include 5480, 5394, or 5325 — pick the one that best matches your preferred risk-reward profile. Momentum signals are leaning bearish. RSI (14) has slipped below 50 and continues to trend lower, while MACD has staged a bearish crossover, though it remains in positive territory — more a cautious warning than a definitive bearish tilt. That said, the broader bias remains bullish with both the 50 and 200DMAs still trending higher despite the recent pullback. Good luck. DS
FOREXCOM:HSTECH
by FOREXcom
Rocket Booster Strategy – 3 Steps + Amazon (AMZN) 🚀 Amazon (AMZN) – Multi-Timeframe Technical Setup Daily Chart: On the daily chart, the technical summary shows a neutral rating. Both the oscillators and moving averages are neutral. Digging deeper, the MACD is signaling a sell, hinting at short-term hesitation. Weekly Chart: Shifting to the weekly chart, the oscillator rating also appears neutral initially. However, examining momentum reveals a pullback forming—the exact setup we want to spot for a potential continuation. Bingo! Monthly Chart: On the monthly chart, the long-term picture is bullish. Moving averages show a strong buy, with price comfortably above the 50 EMA and 200 EMA. Add in a gap up, and Amazon looks ready for a potential upward surge. 🚀 Rocket Booster Strategy – 3 Steps Daily Chart – Spot Neutral or Short-Term Weakness: Look for neutral technical summary or short-term sell signals like MACD to identify hesitation in the short-term trend. Weekly Chart – Identify Momentum Pullback: Examine weekly momentum indicators to find pullbacks—this is where you prepare for a continuation in the trend. Monthly Chart – Confirm Long-Term Strength: Check moving averages (50 EMA & 200 EMA). Price above these with gap-ups signals strong long-term bullish alignment—the “rocket booster” for your trade. This combination of short-term caution, medium-term pullback, and long-term strength is the essence of the Rocket Booster Strategy. Rocket Boost This Content To Learn More. ⚠️ Disclaimer This article is for educational purposes only. Always use a simulation (paper) trading account to test strategies before trading live. Apply proper risk management and profit-taking strategies to protect capital.
NASDAQ:AMZNLong
by lubosi
Charts In 3 Steps-Bitcoin (BTC/USD) Buy Signal – Trend Resumes Bitcoin (BTC/USD) Buy Signal – Trend Resumes After Pullback ₿🚀 Bitcoin is also flashing a buy signal when viewed with the same 3-step system, showing strong confluence across timeframes. Step 1 – Daily Candlestick: Bullish Reversal On the daily chart, Bitcoin has printed a bullish engulfing/rejection candle, suggesting buyers have stepped in aggressively after a recent pullback. This is a strong reversal signal. Step 2 – Weekly Oscillators: Sell / Strong Sell The weekly oscillator rating is showing Sell / Strong Sell. This may appear bearish at first glance, but in the context of Bitcoin’s structural uptrend, it signals a short-term dip that may provide an attractive entry zone before momentum turns bullish again. Step 3 – Monthly Moving Averages: Strong Buy / Buy On the monthly chart, Bitcoin remains firmly in a Strong Buy / Buy rating above its key moving averages. This confirms that the long-term uptrend remains strong, and pullbacks should be treated as buying opportunities. ✅ Daily Candlestick → Bullish reversal ✅ Weekly Oscillator → Temporary weakness offering entry ✅ Monthly MAs → Long-term bullish structure Trade Idea: Traders may look for long entries on confirmation candles, with stops below the daily reversal low. Profit targets could be staged toward recent highs and key psychological levels like $75,000 and beyond. Disney (DIS) Buy Signal – Pullback Creates Opportunity 🎬📈 Disney (DIS) is flashing a fresh buy opportunity backed by multi-timeframe alignment in the 3-step trading system. Step 1 – Daily Candlestick: Bullish Pattern On the daily chart, Disney has printed bullish candlestick signals, including rejection wicks showing buyers defending support levels. This confirms demand is stepping in at lower prices. Step 2 – Weekly Oscillators: Sell / Strong Sell The weekly oscillator rating is in Sell / Strong Sell territory. This reflects short-term momentum weakness, but in the context of a bullish backdrop, this pullback is often the perfect setup for positioning early before momentum swings back upward. Step 3 – Monthly Moving Averages: Strong Buy / Buy On the monthly timeframe, moving averages are firmly in Strong Buy / Buy mode. This confirms that the long-term trend is bullish and the bigger picture supports higher prices ahead. ✅ Daily Candlestick → Bullish trigger ✅ Weekly Oscillator → Short-term weakness = buy-the-dip setup ✅ Monthly MAs → Long-term trend intact and rising Trade Idea: Traders may consider entering on dips with stops below recent daily lows. Potential upside targets include previous resistance zones and long-term highs. ⚠️ Disclaimer: These analyses are for educational purposes only and not financial advice. Trading stocks, forex, or crypto carries risks. Always test strategies on a demo account first , and make sure to use proper risk management and profit-taking strategies to protect your capital.
Long
by lubosi
Sep 3, 2025 - BNBUSDT Long Position ReviewFor my last position today, I opened a long trade on BNB . After the price touched and reacted to the daily ascending trendline, I set my entry trigger above the first 1H resistance at 856 . Similar to other coins, the V-pattern that formed before the breakout gave me additional confidence in the bullish move. Once the strong 1H candle closed above resistance, I placed a buy stop order above its wick at 858.7 for extra confirmation, which eventually triggered my entry. I must admit, this trade was a bit emotional — it would have been better to wait for a confirmed medium wave cycle bullish structure before entering. On top of that, the BNB/BTC chart doesn’t look very bullish, which suggests I might have found a better setup on other coins. The main reason I rushed was the opportunity to use relatively high leverage on this setup. 📌 Stop-Loss Strategy The main strength of this trade is the well-positioned stop-loss. Even if price decides to retest the broken descending trendline with a pullback, my stop would not be triggered prematurely. ⚠️ Overall, this is a risky position that is currently open. If I notice weakening bullish signals, I’ll likely exit early. BNBUSDT Highwave-Cycle on 4H Timeframe: BNB/BTC Chart:
Long
by Utopia-2025
ETH 1H Analysis - Key Triggers Ahead | Day 11💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing ETH on the 1-hour timeframe timeframe . 🔭 On the 1-hour timeframe of Ethereum, we can see that ETH has a similar situation to yesterday. It has an important resistance at $4382, and with a breakout and confirmation above this level, Ethereum could experience a good bullish leg. Keep in mind, according to the data we posted in the channel, yesterday people in the U.S. sold their ETH and bought Bitcoin. ⛏ Two key RSI zones for Ethereum are considered: 58 and 37. Once the oscillation limit crosses these numbers, ETH can start its move. 💰 The volume and the size of green candles in Ethereum have slightly increased, and with more volume and the filling of sell orders at the $4382 resistance, Ethereum could move upward. 🪙💸 On the 1-hour timeframe of the ETHBTC trading pair, we can see that this pair had a resistance at 0.03909, which was successfully broken with higher volume. With a completed pullback and breakout above 0.03939, Ethereum could move upward. Note that this level is directly related to the maker buyers of this pair, and in this timeframe, it’s almost at its bottom. 🔔 Two alarm zones are considered for Ethereum: the $4382 level as our long trade alarm zone, where with a breakout and confirmation above it ETH could move higher; and the $4273 level as the short trade alarm zone, where a breakdown could give us a short position. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Long
by SatoshiMultiframe
Sep 3, 2025 - HYPEUSDT Long Position ReviewConsidering the daily uptrend, the touch of the ascending trendline provided a good opportunity for a long setup. On the 1H timeframe, after the formation of a range box with a fake breakdown to the downside, the first bullish signs appeared. As the range continued, the creation of higher lows confirmed stronger buying pressure. With the breakout of the box resistance, rising volume during the upward move, and the RSI entering the overbuy zone , conditions for a long entry became clear. However, I decided to act earlier — with the increase in volume and the RSI moving higher, I placed a buy stop order at 45.60 to catch any sharp breakout. This position is now active, and I’m waiting for the next targets to be assigned.
Long
by Utopia-2025
Sep 2, 2025 - SOLUSDT Long Position ReviewFollowing up on yesterday’s analysis, with each reaction to the 204.34 level, I became more confident about the presence of sellers above this zone. At the same time, since every rejection off this level was also creating a higher low , I decided to treat it as a risky long trigger. After the breakout of this line and the 15m and 1H candle closing above it, I was still cautious, suspecting that the main sellers might be sitting around 206.24 . At that point, as the RSI also reached its resistance line, I placed a buy stop order at 207 , just above the highest previous wick. I intentionally set the buy stop at the highest possible point to ensure that both price and RSI had convincingly broken their resistances. This position is still open, and I’m now waiting for higher targets to be reached.
Long
by Utopia-2025
Visa (V) 3 Buy Signals – Trend, Momentum & Price Action Aligned Visa (V) Buy Signal – Multi-Timeframe Confirmation 🚀📈 Visa Inc. (V) NYSE:V is showing a fresh buy opportunity when viewed through the lens of the 3-step trading system: candlesticks, oscillators, and moving averages across different timeframes. Step 1 – Daily Candlestick: Bullish Rejection On the daily chart, Visa has printed bullish candlestick signals — including long lower shadows that show buyers stepping in to defend support. This suggests demand is strong at lower levels and the path of least resistance remains upward. Step 2 – Weekly Oscillators: Strong Sell / Sell Interestingly, the weekly oscillator rating is currently on Sell / Strong Sell, showing momentum weakness in the short term. This isn’t necessarily bearish for long-term buyers — in fact, it often signals a pullback inside a broader uptrend, giving traders the chance to accumulate at discounted levels. Step 3 – Monthly Moving Averages: Strong Buy / Buy The monthly moving average rating is firmly Strong Buy / Buy, confirming that Visa is in a long-term bullish trend. As long as price stays above these key levels, the primary trend remains intact and pullbacks should be viewed as opportunities, not threats. The Buy Case for Visa Daily Candlestick → Bullish rejection signals buyers defending support. Weekly Oscillators → Short-term weakness creating entry opportunities. Monthly Moving Averages → Long-term bullish trend remains intact. This alignment creates a classic buy setup: a strong trend supported by long-term moving averages, a temporary dip in weekly momentum, and a bullish candlestick trigger on the daily chart. Trade Idea: Traders may consider long entries near current levels or on dips, with protective stops below recent daily lows. Profit targets could be staged at previous swing highs and beyond, in line with the monthly uptrend. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Trading and investing carry risks. Before risking real money, it’s recommended to practice on a demo account and develop solid risk management and profit-taking strategies.
NYSE:VLong
by lubosi
Bitcoin upside brewing?Having completed something resembling a three-candle morning star reversal pattern, clearing downtrend resistance running from the record highs struck last month in the process, some upside may be on the way for bitcoin. With RSI (14) breaking its downtrend and MACD starting to curl higher towards the signal line, there’s early evidence bearish momentum may be turning. That said, long setups still screen as going somewhat against the prevailing grain, so patience may pay when assessing bullish trades. If BTC/USD breaks and closes above $112,000, longs could be established with a tight stop beneath for protection. The last attempted break ended in misery for longs, so risk management should be front and centre, including what to do with the stop if the price initially moves in your favour. The August 28 high around $113,500 and the 50-day moving average both screen as potential targets, depending on desired risk-reward. If the latter were to be breached successfully, the probability of a run towards $117,000 resistance—where price struggled in the second half of August—would improve. If the price cannot push and close above $112,000, the bullish setup is invalidated. Good luck! DS
FOREXCOM:BTCUSDLong
by FOREXcom
NVDA: A Stoic Approach to a Losing Trade (The Second Breath)As we just discussed, a loss is not a failure; it's information. This trade on NVDA is a perfect, real-time application of that Stoic and Douglas-inspired philosophy. The first attempt was stopped out for a small "paper cut" loss. The Stoics teach us to focus only on what we can control. We couldn't control the price hitting our first stop, but we can absolutely control our reaction. Our reaction is not one of frustration, but of calm acceptance. We take the information the market gave us, remain balanced, and execute the next step of our plan. The New Trade Plan This second attempt is an action taken with more wisdom and an even better potential reward. Style: Long / Re-Entry Entry: Limit Order at $167.75 Stop Loss: A tight, strategically placed stop at $162.25 (3.28% risk) Target: $192.50 Risk/Reward Ratio: Approximately 1 : 4.5 The #limitlessTrader's Mindset The first trade was simply an exhale. This second trade is the next breath, taken with more clarity and from a place of balance. This is the process. Just shine. Disclaimer: This is not financial advice. It is for educational and informational purposes only. Please conduct your own research and manage your risk accordingly.
NASDAQ:NVDALong
by TheTradingDoct0r
How to Use - Smart Buy/Sell Indicator — Real-Time & ReversalDescription The chart above demonstrates how the Smart Buy/Sell Signal Indicator combines multiple conditions — Supertrend, RSI, ADX, Confirmation MA, and Bollinger Bands — to highlight potential trade opportunities in real time. 🔹 Core Signals • Buy / Sell Triggers: Generated when trend, momentum, and volatility filters align. • Reversal Clouds: Appear when RSI, ADX, and Bollinger extremes suggest potential exhaustion or traps. 🔹 Unique Aspect — Real-Time & Leading Unlike many lagging tools, this indicator evaluates conditions during the live candle formation. • If all rules align → signal appears immediately. • If conditions fail before the candle closes → the signal disappears. This design allows it to act as a leading signal generator, giving traders early heads-up rather than waiting for full candle confirmation. It emphasizes signal accuracy over repainting, by ensuring only valid conditions remain visible at close. 🔹 What Makes It Different • Multi-factor confirmation (trend + momentum + volatility) • Cooldown logic to avoid clustered signals • Both continuation & reversal insights in one tool • Adaptive to trending and sideways phases 📊 In the example above (BTCUSDT, 15m), you can see how signals align with both momentum-driven moves and intraday reversals. ⚠️ Note: This is an analytical tool, not financial advice. Performance varies across assets and timeframes. Always backtest and combine with risk management.
by TradeTechanalysis
Descending wedge on Ethereum ETHUSDHello, dear traders. Ethereum is moving in an uptrend. Locally, we see a correction forming in the form of a descending wedge. The price is already close to the trend support level. According to FRL rules, an exit from a descending wedge is considered valid when the price consolidates above the start of the last impulse of this wedge, because its lows constantly update the lows. Thus, at the moment, this level is at a price of 4500. But this wedge may continue, and this level may drop lower. In any case, this is already a great level that will break this descending wedge. In addition, a bullish divergence is forming on the MACD in H4. The target of the potential downward movement is the 1.382 level according to Fibonacci levels. These are my thoughts. What are your thoughts on the current situation?
BITSTAMP:ETHUSDLong
by borschenkovitc