Previously, the price formed an inverse Head & Shoulders pattern and broke the neckline to the upside. Now, it is consolidating in a bull pennant pattern, indicating a high probability of further upward movement. If the price breaks the resistance zone, reaching 80k is likely. Currently, attention is on the DXY and S&P500. If the DXY continues to decline, a new...
Bitcoin is currently moving near the Potential Reversal Zone(PRZ) , the lower line of the ascending channel , and the 100_SMA(4-hour TF) . In terms of Elliott wave theory , Bitcoin seems to be completing wave C . The correction pattern is Zigzag(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin is moving in a Falling Wedge Pattern . I...
SPELLUSDT is currently exhibiting a large inverse head and shoulders formation, with the price presently forming the right shoulder. This pattern is typically a bullish reversal indicator, suggesting potential upward movement. Our focus should be on the accumulation zone, which presents a promising buying opportunity. The key price targets are indicated on the...
Hey everyone, Posting an idea. I will be away next week, God willing, on a ship 🚢, in the Bahamas 🌴, so figured I would post now, because I will pretty radio silence for next week and haven't decided whether I will make an effort to track the market while on the sea or not. Probably not from the looks of the probs, so let's get into expectations next week. Daily...
Hey everyone! XRP is currently at a fantastic buying level, presenting a once-in-a-lifetime opportunity. Don’t overthink it—just dive in and buy! This cryptocurrency is set to soar over 500% in the upcoming bull run. Get ready to ride the wave! 🚀
Price is falling towards a support level which is an overlap support that lines up with the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 0.5058 Why we like it: There is an overlap support which aligns with the 61.8% Fibonacci projection. Stop loss: 0.4833 Why we like it: There is a pullback support level which aligns...
There's only one more meme rally left before CBDC's. I expect Nvidia to meet guidance for earnings, will spike up and then crater. There's some cheap puts for .20 for 500 strike price for July. Will probably be 450 after it's all said and done when it bottoms out. Which is a 2,250x return if the stock did crater! Couldn't rule out a flash crash. I think if we...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPAUD has been overall bearish , trading within the falling channel in red. At present, GBPAUD is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance marked in green. 🏹 Thus, the highlighted red...
Traders Alert ! If the Front Month S+P 500 Futures Contract June 2024 (ESM24), closes below 5216.75, then a potential waterfall decline could occur. Traders are advised to closely monitor the market this afternoon near the close, as Month- End Position Squaring, especially those on the wrong side of this market, as well as the two day weekend,could heighten...
the space or industry go through birthpains transitions and challenges from direction all the way to just about anything with a new look and approach to enhancing value it has embraced a brave new world of APRs MEMEMETiC economy for the next thematic bull run of METAVERSE & GAMiNG Kick off... SANDBOX has the VCs Animoca etc backing up this has the OG Oddiyana...
Dogecoin is back on trend with a two-way scenario here. The first one is clean, where we might see further upward movement while bouncing off the trend line. The second one is where we break the EMAs and trend, which would result in a movement towards the lower support zone. Swallow Team
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
CRYPTOCAP:FLOKI gained 20% yesterday, indicating that its previous consolidation phase has ended. Are we going to see more uptrend? What do we know? CRYPTOCAP:FLOKI has a motivated team with a roadmap to become the most traded crypto in the world! CRYPTOCAP:FLOKI has just been listed on Coinbase perp futures, similar to CRYPTOCAP:BONK and $PEPE. This...
XENusdt displays indications of a potential falling wedge structure, recognized as a reversal pattern. Presently, the price remains within the confines of this wedge pattern, with an anticipated breakout on the horizon. The highlighted Demand zone on the chart represents an area suitable for extended accumulation, providing potential entry opportunities for long...
JASMY consolidating above the current range. If this level holds, JASMY will have a small rally to reach $0.38. This price is also the target of the proposed set-up. Invalidation is when price falls back in the range (below $0.244) Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Take a look at our analysis for DXY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 104.664. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 105.026 level. P.S The term oversold refers...
BINANCE:PEPEUSDT has been on a remarkable bullish run, consistently posting higher highs and forming a strong upward momentum. The recent market action saw a new all-time high, followed by a retracement. As the market pulls back, it's likely that it's forming a complex pullback towards the support level. Notably, the price has been making higher closes with brief...
also by the rules of the pattern, this is as low as it can go, but the breaks out never really go the full way it's just the maximum it can drop as per the pattern. but these patterns always play out you just have to watch the retest on the back side for invalidation. Also when they finish the break out the bounce back is big and fast and comes back past the...