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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.
Long
by Motivation_Voice
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
by MyCryptoParadise_Nathan
3
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.
Long
by QuantCT
CKBUSDT - 4H Bullish trendThe CKBUSDT 4-hour chart indicates a significant breakout above a long-term descending trendline, suggesting a potential bullish reversal. The price action has successfully breached this resistance, signaling a shift in market sentiment from bearish to bullish. This breakout is accompanied by increased volume, which adds credibility to the upward movement. Additionally, there is a support zone highlighted in green that has held firm, providing a strong base for the recent upward momentum. If the price continues to hold above the trendline, we can expect further gains, with the next target potentially being the $0.026 level. Traders should monitor this breakout for sustained buying pressure and consider long positions while keeping an eye on the support zone for any potential pullbacks.
Long
by Sober_Trading
CKB - 7600% Profit in 2024, buy nowThe CKB coin looks very promising for the upcoming bull market. On the weekly chart, we have a falling wedge, bullish reversal pattern that is currently breaking out! It's always important to take a look at the volume indicator when it comes to breakouts. The bullish volume is extremely high, which confirms my bullish bias. From the Elliott Wave perspective, we have a triple-three corrective pattern that has been completed, which is also a very good sign. Where to take profit? On the chart, you can see 3 profit targets. It's up to you how long you want to wait for your profits. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Nervos Network (CKB)? Nervos Network (CKB) is an open-source public blockchain ecosystem. Its goal is to create a peer-to-peer (P2P) crypto-economy network where users can access a wide range of provably secure blockchain services and capabilities. The Nervos mainnet launched in November 2019 with a novel dual-layer architecture. There’s a base layer where the consensus mechanism operates and smart assets are stored, and a computation layer where transactions are processed. The base layer, also known as the Common Knowledge Base, has its own cryptocurrency called CKByte (CKB). It uses the Proof-of-Work (PoW) consensus mechanism and drives the Nervos ecosystem. It is used to pay miners for keeping the network safe, managing network resources, and letting users store things on the network. The Nervos Network allows developers to create decentralized applications (dApps) that can operate on various blockchain systems. Any of the network layers can be used to run both decentralized apps and smart contracts. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
8
CKB Weekly AnalysisNervos Network (CKB) experienced a significant downturn of 15.45% this week following a surge to its all-time high of $0.038239. This decline coincided with the formation of a double bottom pattern, culminating in the breakout to this new ATH. In the preceding week, CKB encountered substantial price rejection, leading to a corrective phase. There's a growing likelihood that CKB will gravitate towards the support zone ranging from $0.014235 to $0.016276. A potential rebound is anticipated upon encountering resistance within this demand zone. On the daily timeframe, oscillators exhibit neutrality towards CKB, while Moving Averages signal a sell. Conversely, on the weekly timeframe, oscillators remain neutral, with Moving Averages indicating a bullish trajectory.
Short
by Mudrex
CKB/USDT in the support area, possible to bounce and back upward💎 Paradisers, the recent market dynamics surrounding #CKB have indeed been noteworthy. 💎 Currently, CKB is hovering around the support zone area, and based on the candlestick patterns, there's potential for a bounce. 💎 If this bounce materializes, CKB could retest the resistance around the 0.0255 area. A successful breakout above this level could propel CKB towards our target strong resistance area. 💎 However, if CKB fails to bounce and breaks down below the support area, it could signal a bearish trend reversal, potentially leading the price to move downward towards the Bullish OB area. 💎 In the Bullish OB area, CKB must bounce back and reclaim the price above the support to maintain its upward momentum towards our target. Failure to do so, with a breakdown below the OB area, could lead to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
1
$CKB performing Falling wedge in 4hr TF Keep eyes on it Sure, here are three key points on how to trade in a falling wedge pattern: 1. **Identify the Falling Wedge:** Look for a downward sloping trendline connecting the lower highs and a second trendline connecting the lower lows, creating a wedge shape. The price should be gradually narrowing within this pattern, indicating a potential reversal. 2. **Wait for Confirmation:* * Wait for confirmation of a bullish reversal. This can be signaled by a breakout above the upper trendline of the falling wedge pattern, accompanied by increased volume. This breakout validates the pattern and suggests that buying pressure may be overcoming selling pressure. 3. **Set Stop Loss and Target:** Set a stop-loss order below the lower trendline to limit potential losses in case the trade fails. Determine a target price based on the height of the wedge pattern, measured from the initial high to the low within the wedge, and project that distance upward from the breakout point. This provides a potential profit target. Remember to always manage risk and be cautious of false breakouts by waiting for confirmation signals before entering a trade.
Long
by Crypto-Adda_Official
2
Bullish trend--CKBLike the previous few days, BTC continued to fluctuate around ATH, and most tokens experienced a correction. CKB (Nervos Network) is one of the few tokens that maintains a bullish trend. Unlike some blockchain that focus on single-layer development, CKB is a layered blockchain. One layer is where state is stored and defined, while the second layer handles most transactions. Such two layered design can improve efficiency and security. However, with the launch of more and more modular blockchains such as Celestia and Altlayer, the advantages of the two-layer design will gradually shrink. Developers and project parties will achieve their goals by using modular blockchain. However, judging from the price trend, CKB has performed strongly recently, and its continued rise is close to returning to ATH. Let’s take a look at what’s going on with our indicators. First, let’s take a look at the 4h level. After a period of correction, the TSB indicator prompted a BUY signal on April 6, and CKB restarted its rise. After reaching 0.038, like other tokens in themarket, it began to callback. When the column touched the bottom of the blue wavy area, which acted as support, the bulls saw a clear enhancement (shown by the green arrow). The TSB indicator takes effect and CKB starts to rise again. In addition, at the daily level, on February 5, the TSB indicator prompted a BUY signal. It has gained 600% so far and continues to maintain a healthy bullish trend. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius