wow, what a fractal for bitcoinwhip up take the liquidity around 32k
from a h&s when moonboys target +34k
dump it to 20k area holding structure
chop around the lows drawing in both parties
deviate the trendline to pull bears in
run it back to flat top and breakout to range high]
take the liquidity into 70k
ATH
SOL 1D Analysis SOLANA has an ATH of $267, ~1300% from current price. With this huge upside potential/ almost minimum for the next Bullrun Q3/Q4 '24 - '25 it's an important token to stay up to date with, Here is a breakdown of current price action on the 1D:
SOL has been stuck in this range since November '22 that was created by the collapse of FTX. SOLANA's connection to the exchange sent it spiralling -68% over just 4 days.
Like most cryptos, SOL started to rally with the yearly open as BTC began climbing and altcoins following suit. The Bullish OB created from this initial rally was recently tagged last month which is made up of the point of control & value area low of the volume profile making the local low.
Purple key support and resistance areas that sit around the range midpoint area is controlling the majority of this choppy price action. Quarterly segments can be used to trade between, often bouncing between 0.25 to midpoint $15-23.
If SOL flips 0.5 midpoint next step is to push up to bearish OB key area. If/when that gets flipped and consolidated above, no doubt the range high of $38 is the next stop as the volume is thin and the FVG needs filling. That move would complete the recovery of the FTX event.
In my opinion I'm not convinced the bottom has been and done, yes price is down >90% from ATH, we still have macro economic problems with recession looming and almost a year to wait for the next BTC halving, the catalyst for the next bull market. I believe there will be an opportunity to buy lower for long term holds back up to that ATH, However this does not necessarily mean to go Short from here, if anywhere it would be range high $38.
BTC : ON IMPORTANT MOMENT FOR BREAKOUT VOLUME $32800 - 38KBTC seems on a very interesting point, and as the volume plays between the uptrend of 31K and the dip trend of $30K, can this signal that there is an interesting volume that wants to affect the BTC price?
We still expect that BTC can enter a new breakout to $32800 where the price can increase further to 38K, this is more on the technical view of the BTC price action.
The last breakdown can be a dipping trend for a new breakout.
Every huge breakout did start with a breakdown.
There can be more time to play with the price action before a breakout could happen.
It's not so easy that we could follow the price up and up.. there should be always volume out to get new LIQ in price.
2 important uptrend targets we checkout
$32800
$38K
For the bull trend target we check
$47K
AAPL - Rising Trend Channel [MID TERM]🔹Positive signal from inverse head and shoulders formation through 157 breakout.
🔹Next resistance 193 and support 175.
🔹RSI above 70 indicates strong short-term positive momentum.
🔹Technically positive for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
RNDR price action analysis. Me again with another setup of RNDR/USDT. I have mentioned my analysis by showing that RNDR is slowing making an upward trend channel. I have used 12HTF and mentioned my bullish and bearish points in it. As the market is right now going down, some of the alts are performing in the upper direction, and RNDR is one of them because, from this new year on, RNDR is performing very well and has also touched ATH. Despite dropping on May 8, we can see the upward trend is still on the move. Let's see what happens in the upcoming market. Monday's opening is very important.
RNDR is following bitcoin price movements and consolidating on others. Things can get choppy too. be careful!
No matter where the market goes, I have mentioned my quick scalping idea for both bullish and bearish scenarios.
Please respond with your constructive criticism. #PEACE
#DYOR #Market #Neutralview #RNDR #CRYPTO
Double top formed near the ATH is breaking downBy March '23 gold did a strong breakout near the 2000 quote.
After that, the prices did not continue to flow and stucked inside a congestion at that level.
At 04 May '23 the prices tried to overpass the previous top but failed.
This failure gave us a doji candle, at the previous top, a very bearish signal, and besides that, it also gave us a double top formation.
The congestion kept going for some more days until a sequence of bearish candles appeared (16 to 18 May '23) breaking down the support of the previous bottom and confirming the double top formation.
As I have posted before here , I have started a long term position in gold, and I remain bullish in it. But the chart gave us these bearish signals that are too strong to be ignored, so I decided to hedge via futures contracts and started a short trade at the 1981.60. As the GC is a heavy contract for margin purposes, I'm actually trading the micro gold contract (MGC).
This price level is basically the same I did my entry at the spot through GLD, so my resulting position is currently neutral. That is, if prices fall, I profit in MGC and loss in GLD, on the same proportion; if prices go up, I profit in GLD and loss in MGC. And giving up this profit if it goes up, is my cost for this hedge.
If I stop the GLD I get short directional, otherwise, if I stop the MCG I get long.
$INSP near completing head & shoulder patternInspire Medical Systems develops innovative and minimally invasive solutions for patients with obstructive sleep apnea.
Ranks #10 in the IBD Group Medical-Products Group with a Relative Strength IBD Rating of 93. This is a what leader looks like.
Today is forming a daily shark patter with a pivot buy at $278.10.
The follow through would be a breakout above $283, which would confirm the head & shhoulders pattern.
I like these odds, I will buy those breakouts if volume is behind the moves.
The RSI hasn't touch the oversold zone and has showed 3 bullish divergence within this long base.
Let's waitn for the breakout!
RNDR : NEW ATH AFTER APPLE?Trades should not solely depend on news updates most of the time but rather should focus on price action (TA) and more extern views. As seen with INJ when it was priced at $1.40, similar trends are observed with RNDR, with indications that the coin working on a significant CHIP area.
Furthermore, considering that APPLE and Microsoft are connecting RNDR, which could potentially add high value to the coin, it may become one of the top-performing coins. This is a trend that we will closely monitor, and as long as the price shows a positive trend, we will continue to follow this coin. It emphasizes the importance of analyzing price movements rather than solely relying on news updates when making trades.
All-Time High $8.76
345% from here.
This is not trading advice, Manage the risk at all times.
Crypto depends on High-risk management.
My BTC top /new ATH in 2023 & 2024-2025 scenarios!!! BTCUSDT Hi dear community and my loyal followers.
I'm leaving here my highly probable 2 scenarios for BTC top/new ATH in 2023 & 2024-2025.
99% in crypto expect new ATH in 2024-2025 after halving and expect history to be repeated but what if they will be wrong and BTC hits new ATH in 2023 and surprises everyone and enters to long & devastating bear market in 2024-2025 and don't satisfy needs of the herd)). I like doing the opposite what majority expects and go against the herd. But I'm ready for both scenarios))).
As you see on the charts I draw my targets and path for BTC in 2023 and in 2024-2025.
My max target for 2023 will; be 72-85K based on my previous analyses I posted earlier/ They are targets I calculated based on Fib levles, Bullish megaphone chart pattern, Elliott waves etc.
And my max target for 2024-2025 after halving event will be 150-180K again based on fib levels, major trendlines, some secret projections, my experience & chart patterns.
But if BTC hits new ATH in 2024-2025, we'll see huge and deep correction at 48-53K zone and dump to 22-25K zone.
We'll come back to this analyses in couple months or in 2 years))) In any case be prepared for both scenarios. Stay safe and be level headed. I'm bullish in 2023.
If you like my ideas and analyses, don't forget to like, comment, share my ideas, and follow please. I"ll appreciate any single follow and any kind of support.
I wish you good trades and huge profits.
Gold in CADIt's important to look at Gold against various currencies - this can translate as a country's financial trust/stress barometer.
The Gold in CAD chart has recently formed a nice classic bull-flag on the weekly candles.
Continuation of this bullish pattern would bring Gold to a new ATH for Canadians.
Polygon (MATIC) ATH !Polygon price today is $1 with a 24 hour trading volume of 2.6 Billion dollar. MATIC price is up 17% in the worst days of crypto market
bear market is the best time to build and Matic team used this opportunity splendidly, they partnered with Nubank, Meta, Reddit and other good banks and companies
now on btc pair we back to ATH again and usd pair hold its up trend . if you managed to buy it at 0.00002 its time to take some profit and have some fun and If you waiting for scalp then we still need to break 0.000066. right now Matic do a healthy correction and if BTC recover we ready for new ATH
what do think about Matic chart?
SPY: RETURNING TO ALL TIME HIGHS SOONThe 3 Week MACD is showing signs of the beginning of a new bull market coming into effect
3 Week RSI is also getting squeezed within a very tight region showing signs of a strong BREAKOUT RALLY coming very very soon
I am excited to see how SPY progresses in the month of May
The future is bright!
predictive analysis of carboruniv in dcb.NSE:CARBORUNIV made all time high previous week but couldn't sustained above the previous ath and closed below. Now expecting some small correction before make a new high. marked short term retracement/demand zones.
Disclaimer - This chart analysis is only for educational study purpose. Do proper research before trade/investment or consult with your financial advisor. This opinion isn't a trade/investment recommendation. SEBI unregistered.
NVDA volitility could be coming - still eyeing $330Welcome to another edition of "Technical Analysis Works". Today we will be taking a closer look at NVDA, one of the most popular semiconductor stocks in the market. Back in January 23rd, I posted an article discussing the formation of a large inverted head and shoulders pattern on the NVDA chart. I highlighted that a breakout of resistance would likely lead to a significant rally, and that is exactly what has happened. Since then, NVDA has been on a bull run, moving almost straight up.
Currently, NVDA is testing an important area of historical resistance at the $270-$275 level. Bulls need to break through this level in order to maintain control and open the door to the $330-$340 range, which was the original target from the technical formation.
However, the lack of significant retrace and warning signals from indicators, including the Wave Master Pro, suggest that it may be wise to wait for a pullback before making any further moves. Catching a falling knife, or in this case, a rising knife, is never a good idea. Instead, a pullback would confirm that we are going to pivot and provide a better entry point for traders.
Volume analysis is also showing promising signs for NVDA. Using my volume analysis indicator, I have observed a decrease in selling pressure, with spikes of buying pressure appearing on the chart. This is a positive indication that bullish momentum is still present in the stock.
However, it is important to note that short-term traders who decide to go short need to manage their risk carefully, keeping it above the $275 level. Any moves above this level could trigger a bullish continuation and lead to a further rally.
In summary, NVDA's recent bull run has been impressive, but traders need to remain cautious and wait for a pullback before making any further moves. Keep a close eye on the resistance levels, as well as the signals from key technical indicators such as the Wave Master Pro and volume analysis. With careful risk management and a patient approach, traders can navigate the market and potentially profit from NVDA's continued momentum.
BTC bull run has started!!! BTC rally to new ATH from May 2023!!Dear community and my loyal followers.
I would like to share one of my best analyses which proves all my analyses have been posted since 2022 June .
I'm looking at monthly timeframe. As you see on the bellow indicator, after consecutive green columns when price created equal highs, a grey column appeared on monthly & marked BTC bottom + a new bull run start.
After 1st grey column the last green column appeared & price dumped and tested the base of the structure, 2 months later the price bounced above equal highs and BTC started its rally to new ATH)) Where is the price now?
in 2015 BTC dumped 12.19% bellow the trendline with the wick but candle close above it. I expect the same 12.19% dump bellow the trendline at the current moment hitting the orange line/almost 18K/ could be +-300-500$/.
I expect the price to go below the trendline and test my main zone 17.5-18.5K zone with the candle close above the trendline.
I inclined that the same scenario repeats this time and BTC will be above 25K on 1st May when 2d grey column appears & BTC starts its rally to new ATH.
Don't forget that the same 2015 scenario happened couple days ago when BTC reached 25K/ Check my previous analyses titled BTC Super Guppy's super prediction)) 24-25K then 28-30K or 19K & Will BTC repeat this identical pattern as it did in 2015?.
Also please check my previous analysis posted before this one/ BTCUSDT !! My ideal BTC scenario for coming days and weeks./ and pay attention to comments where you can fine more than 5-6 proofs about BTC bottom and a new bull market start.
Don't forget to like, share, comment, and follow please. I will appreciate any single comment.
What happens next for AAPL?As you can clearly see on the chart, the AAPL price has been bouncing back-and-forth between 2 lines (“support” & “resistance”) dating all the way back to 1981!
However, with these 2 lines quickly approaching a point of convergence as the AAPL price approaches a new ATH, something’s gotta give.
And so I ask - what happens next?
XAUUSDXAUUSD has become unstoppable.
Weaker DXY - USD dollar, high inflation and a global upcoming financial recession pushing the precious metal higher, on the road of the monthly and weekly
liquidity (wick) of 2000.
At the moment the price is at the upper trendline of a bullish channel. So, I am expecting a correction and I intent to buy at a decent dip.
Most recent support areas along with Fibo levels may provide an opportunity for a profitable long.
1974 is a key area too.It is possible to trigger a mid-term drop.
If price reaches ATH area it means sell for me. At least as a short - term idea. We will see then.
IOTX Could Enter Top 40 RANK OF COINS 2023 🌠$0,10 FIRST TARGETIOTX is currently ranked 117th on CoinMarketCap, and depending on our study, it could rise to the top 40 . The Internet of Things is a major trend that is set to revolutionize the world in the same way as Artificial Intelligence. IOT can become with time very important, and IOTX plays a big role in its development.
TA technical analysis
We know IOTX as a coin that has unexpected increases as we saw before, and it's a coin that can go against the trend of BTC .
Last time, we observed a trend in IOTX that seems to indicate an increase. Technical analysis of IOTX is also suggesting further growth.
The Internet of Things can play a crucial role in the future, especially when combined with what IOTX is currently developing and will continue to develop in the future.
Expecting Targets
Depending on our algorithmic trading including the trend and volume study we expect that IOTX is able to break the coming time to $0,10 as an important target.
The big question and that's also the reason for this update, is whether IOTX going to show a huge increase that we did not see before since the last developments. and when we say higher increase we mean a NEW ATH?
We make our trading decisions based on the data and analysis we have done, and our analysis shows a high chance of success, we expect that IOTX may rank in the top 40 and reach a new all time high.
Right now, our focus is on reaching the $0.10 target, We have seen the full effects of 2017 and 2021 on coins, IOTX may be one of the coins that could show a significant increase in the coming time.
I hope you did enjoy reading this content, thank you for reading.