Checking out BINANCE:SUIUSDT , it seems like it's gearing up for a positive move. The triangle shape on the chart hints at a potential breakout. We're keeping an eye on it, especially if it clears the 0.69 resistance – that could signal a lift to around 0.84. To play it safe, we've got a support range at 0.64-0.61 to catch any dips. And just in case things...
Venturing into day trading promises the thrill of rapid profits, but it's a realm that demands caution and strategic acumen, especially for beginners. 💜 If you appreciate our guides, support us with boost button 💜 To pave the way for success, this article provides 10 crucial tips, emphasizing the need for education, meticulous planning, and an unwavering...
Bitcoin's price movement is meticulously adhering to the contours of a Fibonacci Rising Channel, illuminating potential future resistance zones and critical levels. Here's a detailed breakdown of the current outlook: As of now, Bitcoin is poised for a significant move, targeting the key psychological level of $50,000. The Fibonacci Rising Channel provides a...
In this article, we'll explore the concepts of leading and lagging indicators, common examples, and delve into the specific indicators within crypto transactional data. 💜 If you appreciate our guides, support us with boost button 💜 What Are Leading and Lagging Indicators? Before we dive into the crypto-specific details, let's establish the basics. In the...
Ethereum has been consolidating within a distinctive Rising Wedge pattern since June 2022, forming a sequence of higher highs and higher lows. This pattern typically suggests a period of tightening volatility and impending price action. Current Status: As of now, Ethereum is trading around $2090, positioning itself at a crucial juncture within the Rising...
Building a long-term portfolio demands a strategic approach that goes beyond random buys and impulsive decisions. Instead, savvy investors employ tools like the Relative Strength Index (RSI) to identify advantageous entry points and navigate the market cycles effectively. 💜 If you appreciate our guides, support us with boost button 💜 Here’s a step-by-step...
Currently Bitcoin Cash KRAKEN:BCHUSDT market is undergoing consolidation near the crucial support line of the triangle, setting the stage for potential movement in the coming days. 💜 If you appreciate our charts, support us with boost button 💜 Technical Insights: Pattern Formation: The development of a large triangle formation suggests a period of...
Have you ever considered using the Ichimoku Cloud, a powerful and versatile technical analysis tool that goes beyond traditional chart analysis? 💜 If you appreciate our guides, support us with boost button 💜 Discover the Ichimoku Cloud, technical analysis tool developed by Japanese journalist Goichi Hosoda in the late 1960s. This method visually represents...
Greetings, fellow traders! 📈 Let's delve into the intricate move of the LINK price action. Currently ensconced within a compact bull flag, this comes on the heels of a noteworthy markup surge from the accumulation zone. Analyzing the finer details, there's a compelling narrative: an imminent potential rebound from the sturdy support at $12.80, near EMA50. The...
Greetings, esteemed members of the @TradingView and all Vesties out there! The Pyramid of Trading Success, a conceptual model designed to guide you through the essential principles and steps for success in the dynamic trading world. This pyramid serves as a roadmap, helping you build a robust foundation and ascend to proficiency and profitability in your trading...
Greetings, traders! 🟣 If you appreciate our charts, give us a quick like.🟣 Bitcoin has narrowed its price range, consolidating between 37,613 and 35,658 after previously fluctuating between 37,969 and 34,813 and a noteworthy occurrence is the divergence in Stochastic RSI . This week was eventful for the entire crypto market — a moment that adds an another...
In trading, a prevalent pitfall is the tendency to take on an excessive number of positions, driven by the misconception that more trades equate to higher profits. However, trading isn't a lottery; success requires a more strategic approach. Misguided Profit Expectations: Traders often fall into the overtrading trap when their profit expectations don't...
Upon scrutinizing the 4-hour timeframe, Bitcoin's chart reveals a compelling bullish scenario. The support line, characterized by a noticeable upward slope, is forming significant higher lows, indicating a strengthening upward trend. Notably, a flat resistance level at 37,900 is proving to be a formidable barrier, temporarily halting further upward movement....
Greetings @TradingView community! There are five everyday habits that can significantly limit your risk exposure and contribute to a more secure trading experience. 💜 If you appreciate our charts, give us a quick 💜 1. The Imperative Trading Plan Despite repeated emphasis, many traders still operate without a well-defined trading plan, succumbing to...
Recent trends in Altcoin Market Cap indicate a setup for a powerful movement, with a remarkable 90% of altcoins showcasing significant strides since October. This surge is not just numerical; it's embedded in the daily price structure, adorned with robust bullish patterns, notably the Falling Wedge, Triangle, and Triple Bottom. Since the beginning of October,...
Mastering technical analysis is essential for any trader. One powerful tool that every trader use is the trendline . Let's delve into the intricacies of trendlines, their role in predicting market sentiment, and how traders can utilize them to make informed decisions. Understanding Trendlines Defining Trends: Trendlines serve as invaluable tools to...
Ripple has recently undergone a notable surge, ascending from $0.47 to $0.73. BINANCE:XRPUSDT now enters a consolidation phase, let's delve into a analysis of its current position and potential future movements. Technical Overview: On the daily timeframe, BINANCE:XRPUSDT is revealing the formation of a compelling rising channel structure. This pattern...
Technical analysis (TA) stands out as one of the most widely utilized methods for scrutinizing financial markets, finding applications across diverse sectors like stocks, forex, gold, and cryptocurrencies. While the fundamental tenets of technical analysis may seem straightforward, mastering this craft poses its own set of challenges. Navigating through a...