NWCUSDT is currently on sub wave 1 of wave 3, which indicates a major impulsive move in progress. As shown on the chart, we expect the price to test out a trendline that has been acting firmly as both resistance and support earlier. This trendline is tagged with ITR, and we expect sub wave 1 of wave 3 to terminate around this zone. We should keep holding our bags...
I've been closely observing ADA, and it seems we've got a great trading opportunity on our hands. It has been trading within a falling wedge formation for some time now, with the price moving in a series of lower highs and lower lows. However, the price recently broke out of the wedge formation, indicating a potential bullish reversal. Since the breakout has...
In this market update, we will discuss the recent price action of VETUSDT, which has potentially completed the Right Shoulder of an Inverse Head and Shoulders (ISHS) pattern which could signal a bullish reversal if the neckline is broken. Talking about Inverse Head and Shoulders Pattern, the pattern consists of three troughs, with the middle trough (the Head)...
DYDXUSDT has recently exhibited a triple bottom pattern on the daily chart, with a price break above the neckline and a subsequent close back inside. This pattern indicates a potential bullish reversal for the coin, with the main pattern target remaining in the area of $6.93-$7.26. However, if the price fails to regain the resistance level of $2.717, the best buy...
Good day all, As I was checking through my coin list and discovered huge opportunity for you guys. NWCUSDT has perfectly completed its correction and it is time for major rally. Are you ready to be part of this big move?? Spotted huge Bullish divergence which had been forming since January 2022. This worth acting on and begin accumulating the coin for major...
Burgerusdt appears to be showing a potential ADAM and EVE setup with a neckline zone around 3.5382. Currently, the price of BURGER is consolidating around the $0.8118 level, which is near the resistance level of $1.1578. A break above this level could signal a continuation of the uptrend and a potential test of the neckline zone around 3.5382. However, it is...
WRXUSDT has undergone a significant correction after reaching an all-time high in April 2021 with price tested $6.66, but we believe that the correction is almost coming to an end. There is a trendline on the chart that has historically acted as strong support and we believe will hold again. As shown on the chart, we have identified a demand zone towards this...
Trading financial instruments involves risk and may not be suitable for everyone. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford...
Shib exhibiting a strong Bullish reversal pattern in the form of Inverse SHS. Follow the given range of accumulation from the chart.
Trading financial instruments involves risk and may not be suitable for everyone. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot...
Its time for Doge to continue its rally after completing WXY extensive corrections. Follow the given accumulation zone on the chart and do make sure to apply good money management. Stop loss level was provided also.
In summary, understanding and analyzing price structures is essential for successful trading. It allows traders to identify trends, manage risk, time their trades effectively, and develop winning strategies that align with market conditions. Thanks for watching, make sure to leave your comment below, my next video will showcase how I plan to buy back Bitcoin.
Bitcoin has completed a major move that began in December 2018 and reached an immediate top in November 2021, this move resulted in a significant rise in its price with over 2030% growth. However, the market is now in a correction phase, it's important to remember that corrections are a normal part of the market cycle. In fact, corrections can provide a good...
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I have been closely monitoring the price action of IOTXUSDT. Recently, I observed an Ascending Broadening Wedge pattern, In this post, we will take a closer look at the price action, the target zone, and the key support and resistance levels to watch out for. The Ascending Broadening Wedge is a bearish reversal pattern that occurs when the price makes higher...
If you could recall from my previous analysis, where I talk about major Bullish structure around $22200 and major area to be protected by the BULL(200day MA), finally BTC manage to break this structure down. This breakdown from the bullish structure has been marked by several bearish signals, including the several formations of a bearish flag and pole pattern on...
So excited to announce that FILUSDT has completed a major downtrend wave cycle, and our analysis suggests that the market is now poised for a bullish move as soon as the major TRENDLINE holding as immediate resistance break. We anticipate that the price of FILUSDT will move towards the 61.8% Fibonacci retracement zone, which we expect to act as a major resistance...
After a thorough analysis on XVGUSDT, we identified some key points to consider. XVGUSDT has recently had a change of trend by breaking out of a major downtrend. We expect the price to pull back to confirm the breakout. Our analysis suggests that the breakout is likely to be confirmed soon. The bullish target for XVGUSDT is at the $0.018684 area. However, we...