CKBUSDT.P trade ideas
CKB Grows 115% In One Day, What Does This Means For The Market?Yesterday we saw Nervos Network (CKBUSDT) growing an astonishing 115% in a single day, a single candle... What does this means?
I will get straight to the point, you never see 115% growth in a bearish trend, in a bear-market in a single day.
This means that the Altcoins are out of the correction and that we will see massive growth; just as expected.
👉 The pairs never move in isolation, it is all interrelated; what one does, the rest follows.
The best news of all is the chart pattern that preceded this major bullish break. Some pairs do move in isolation and can detach from the market, we've seen this many times before; but this isn't the case right now.
Here we can see the same exact pattern that we reviewed on literally hundreds of charts in the past 45 days.
➖ The major low in early August is followed by an "initial breakout."
➖ This initial breakout gets corrected and produces a short-term higher low.
➖ This higher low is considered super-bullish because it indicates the continuation of the bullish move.
The bullish breakout, 115% in a single day, is the confirmation of the continuation of the initial bullish breakout and predicts massive growth coming long-term.
Volume supports this move as well.
There can be retraces, swings, shakeouts and so on, but we are set for months of growth of all-across.
It will still be tricky to navigate the market, but you can't go wrong with the ones that are trading low, near support or at All-Time Lows.
If you don't know how to choose, just visit my profile starting mid-August, you will find hundreds of bullish charts.
Namaste.
Normalised and composite Index vs $CKB (using AI)I asked POE AI to aggregate the VIX, DXY, SPX, NDQ, BTC, Crypto Total Market Cap, USOIL, JNK, and US10Y. It aggregated them on a normalised scale and created a composite index to show overall market direction indicator. POE then plotted the aggregate on a chart: a value above 0.5 suggests bullish sentiment. Below 0.5 could indicate bearish sentiment. I did the aggregate to see market direction because $CKB is up 54% and CRYPTOCAP:BTC is down 0.18% (as of this writing). The indicator points to a bullish sentiment along with $CKB.
$CKB Alt Gearing score shows strength$CKB has a strong Alt Gearing score. A score higher than 1 means that the coin has strength relative to $BTC. A score of 1 means that the coin tracks the price of $BTC. A score lower than 1 means that the coin is weak relative to $BTC. Alt Gearing helps identify strong coins. DYOR.
$CKB has a score of 2.88 as of September 3, 2024, 08:08 UTC-4 :-)
CKB looks bullishPrice has tested an important flip range and then formed a bullish iCH on the chart. In this situation, a POI has been formed for us, and we will look for buy/long positions in this range.
A trigger line is also broken on the chart
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CKBUSDT Inverse Head and Shoulders PatternCKBUSDT Technical analysis update
CKB price is forming an inverse head and shoulders pattern. The price of the right shoulder is now moving towards the neckline for a potential breakout, 100 and 200 EMA act as good support for the right shoulder. If the breakout occurs, we can expect a strong bullish move in CKB.
Only buy after the neckline breakout.
Stop Loss: $0.0111
Buyers are stepping in to defendCKB has dropped to the support area at $0.0099 and bounced from there. This indicates that buyers are stepping in to defend this level, which strengthens its significance as a support zone. The price action suggests a potential move towards the resistance area, indicating that the market sentiment may be shifting towards a more bullish outlook.
CKBUSDT-Breaks the Resistance levelCKB Analysis:
CKB recently broke through a major support area and is currently retesting it. If the price fails to break above this retested level, we could see a continuation of the downtrend towards the next support area. It's advisable to wait before opening new positions to see how the price action develops.
Support Area: $0.000948-$0.0103
Resistance Area: $0.014-$0.015
CKB/USDT 3-Day Chart Bullish Breakout from Falling Wedge PatternBINANCE:CKBUSDT
The second chart you uploaded shows the CKB/USDT trading pair on a 3-day timeframe, highlighting a "falling wedge" pattern. Here's an analysis based on the provided chart:
Chart Analysis:
1. **Falling Wedge Pattern**:
- A falling wedge is typically considered a bullish reversal pattern. It forms when the price is making lower highs and lower lows, but the slope of the lower highs is steeper than the lower lows.
- In this case, the pattern suggests that the selling pressure is slowing down, and a potential breakout to the upside is expected.
2. **Breakout and Target**:
- The chart indicates that the price has either recently broken out or is about to break out from the falling wedge pattern.
- The target after the breakout is typically calculated by measuring the height of the wedge at its widest point and adding this to the breakout point.
- The target indicated on the chart seems to be around the 0.040000 USDT level.
3. **Current Price**:
- The current price of CKB is around 0.013138 USDT.
4. **Price Action**:
- The price action within the wedge shows a consolidation period with decreasing volume, which is common before a breakout.
- The breakout direction is expected to be upward based on the pattern.
Conclusion:
The chart suggests a bullish outlook for CKB/USDT based on the falling wedge pattern. If the price successfully breaks out above the wedge, it could reach the indicated target around 0.040000 USDT. However, it's important to consider other market factors and conduct further analysis before making any trading decisions.
Remember, while technical patterns can provide insights, they do not guarantee future price movements and should be used in conjunction with other analysis methods.
CKBUSDT Crucial Support Test Ahead!Yello, Paradisers! Ready to see where #CKBUSDT is heading? Let’s dive into this critical analysis to stay ahead of the game.
💎 #CKB is currently resting on a key support area. For a confirmed rebound and upward movement, we need to see a bullish candle rejection here. Historically, this support has been strong, sustaining CKB multiple times and preventing further decline. Therefore, there's a high probability that the price will rebound and move back towards our target area.
💎 However, if CKB fails to rebound from the support and breaks down below $0.0135 with a daily close, this would be a bad sign. The price would likely continue downward to the Bullish Order Block (OB) area, where large orders are placed around $0.01.
💎 If CKB reaches the OB area, there's a high probability of a strong rebound and reversal to the upside. However, for the upward movement to continue, the price must reclaim the previous support at $0.0135. If this scenario fails, CKB could fall back to the OB area, which would be a concerning sign.
💎 Bullish invalidation will be confirmed if the daily close candle for CKB is below the OB area. If this happens, the probability of continued bearish movement increases, and the price may dip further.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
Long signal for CKB/USDTThis technical analysis is based on the daily chart of CKB/USDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 0.015104 USDT.
Entry and Exit Points:
Entry: 0.015104 USDT
Take Profit: 0.021855 USDT (44.65%)
Stop Loss: 0.013772 USDT (8.81%)
R/R Ratio: 5.07
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 5.07, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.