Hello to everyone, yesterday I shared a trade setup to long bitcoin, and as you can see bitcoin price is pumping right now. Right now reach the supply zone on 2 hourly timeframes and if it breaks to the upside we could see some big moves to the upside. keep in mind that we can come back to 21800 - 20900 levels which gives us the opportunity to go long again.
Bitcoin on 30 minute timeframe is forming inverse head and shoulders pattern which is a bullish pattern and right now its breaking out target for this pattern is at 21790$
According to the previous Idea that I shared a couple of hours ago. Bitcoin is in the demand zone and in an hourly time frame, it's inside a broadening wedge. Entry: 20980 TP:22300 SL: 20350
Bitcoin after a good move to the upside right now comes back to a key level. as you can see on the daily chart bitcoin price is at the demand zone area and it has a high possibility to go higher from this area.
Gala looks very bullish on the daily timeframe, and right now price is inside descending wedge which is a bullish pattern and it mostly breaks to the upside. if this pattern breaks to the upside we can long the market and have a +30% trade which is 300% with 10X leverage.
GALA has broken out from a symmetrical triangle. and right now I think it will come down for a retest 0.535$ level to confirm the break-out before going higher.
Right now KSM is ranging inside an ascending triangle which is a bullish sign and if break the resistance at 308$ level probably can see a good pump on KSM. the target for this triangle is at 345& and if we see the daily chart it's also forming a falling wedge which is also a bullish sign. levels to watch for resistance are 383$ and 439$. but if it breaks down it...
For MATIC on daily timeframe, we can clearly see a bearish divergence that the price makes higher high but in RSI it make lower high. and it could go lower for short time. but keep in mind that we are still on an uptrend and going down in the uptrend is a normal thing. if the price broke down 1.48 level that time it will be bad for MATIC.
MANA after falling down as same as other cryptocurrencies right now I think it's ranging inside a symmetrical triangle. and we could go lower because in a bigger view we can see it forming falling wedge pattern and it can be the reason to break the triangle to the downside than to break it to the upside. and if this happens it will confirm the falling wedge...
XTZ currently broke down from 4.5$. which is an important level on the daily timeframe. and right now it's forming a falling wedge on the 1H timeframe it means we could go up for short-term for a retest and confirming break out if this happens we could get a nice SHORT opportunity on XTZ. jus wait for a retest if you are looking for Short. NOT FINANCIAL ADVICE. 1H Chart
As we can see in the 1H timeframe on GOLD. it broke out of falling wedge with a very bullish candle and right now it came down for a pullback on the previous high. if this hold the price above the level. it will be likely to go up. although we have resistance at 1790$.but it could cross this level easily. the target for this pattern is around 1815$ but if this...
EGLD has broken the falling wedge pattern in the 4H timeframe. Right now it's retesting previous resistance to find support. if this falling wedge pattern plays out, the target would be the top of the wedge which is approximately at 530. I think it's likely going up because the falling wedge is a bullish pattern and also in the 1H timeframe it's forming Bullish...
VGX looks like it's forming Cup & Handle pattern in 4H timeframe which is a bullish sign. we have resistance levels at 5.34 and 5.46 if it breaks these levels and it will be more likely to go up and reach the target from the cup & handle pattern which is at 7.
Ethereum after breaking out from the cup & handle pattern right now it came down to retest the neckline. support level would be 3870 and if the price gets supported at this level it can be a good point to enter a long position. the target for the cup & handle pattern is about 6220.
Mana after breaking out from the cup & handle pattern still is in an uptrend but I think it lost its momentum to go higher. Right now if the price crosses the 5.89 & 5.13 resistance levels we can say it makes a higher high and the uptrend is valid but if we cross the 4.07 support level this would be bad for MANA and we could see some correction.
Bitcoin is still inside the falling wedge which is a bullish sign. we have strong resistance around 60K if we cross the 60K we are likely going up and the target for the falling wedge is top of the wedge around 68K. on another side, we have strong support at 51K from the trendline on the daily timeframe. If this falling wedge plays out. we would have massive trade...
Right now for MANA, we can clearly see the chart is forming ascending triangle and head and shoulder pattern in 4-hour timeframe which is a bullish sign. if we break 3.58 and 3.70 it's likely to hit the price target of 4.79 from head and shoulders and from ascending triangle is 5.60
👍 PLEASE LIKE IF YOU LIKED THIS TA Gold broke out from the previous symmetrical triangle and we have seen a good price pump. right now its consolidating and I think it's forming another symmetrical triangle we can say for this continuation pattern because while the price is in a strong uptrend. and if the price to the upside we are likely to hit the previous...