PENDLE Long Position (Trend Line Breakout)Market Context: PENDLE is breaking out of a significant trend line resistance, setting up for a potential move to new local highs. Additionally, there is a strong narrative surrounding PENDLE with BTC restaking, further fueling bullish sentiment.
Trade Setup:
Entry: Enter a long trade around $3.3 (throwback to broken resistance).
Take Profit:
First target: $4
Second target: $4.6
Stop Loss: Below $2.5
📊 This setup looks promising, focusing on the breakout potential and strong fundamental backing. #PENDLE #Breakout #Crypto
Breakout
VANRY/USDT: FALLING WEDGE BREAKOUT! READY FOR 150% PUMP!!Hey everyone!
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VANRY looks good here. It breaks out from the falling wedge-like structure in the daily time frame and a retest is also done. Buy some here and add more in the dip.
Entry range:- $0.086-$0.096
Targets:- $0.115/$0.145/$0.187/$0.232
SL:- $0.067
What are your thoughts on VANRY's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Euro can rebound up from wedge to 1.1120 resistance levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price rose inside the upward channel, where it reached the buyer zone, which coincided with the support level and some time traded in this area. Then, the price broke the 1.0830 level and soon reached the resistance line of the upward channel, after which turned around and in a short time declined to the support line of the channel and at once made impulse up, making a fake breakout of the 1.0830 support level. Next, the price continued to move up and later reached a resistance level, which coincided with the seller zone. After this, the price exited from the channel and broke even 1.1120 level, and then rose a little higher seller zone, but soon turned around and started to decline inside the wedge. In this pattern price broke the resistance level and declined to the support line, after which at once rebounded up to the 1.1120 level and then continued to decline. Now Euro trades near the support line of the wedge and in my opinion, it can rebound up from this line to the resistance level, thereby exiting from the wedge pattern. That's why my TP is located at the 1.1120 level. Please share this idea with your friends and click Boost 🚀
HelenP. I Gold will break resistance level and continue move upHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the trend line and then started to grow inside the wedge. In this pattern, Gold quickly rose to the support level, which coincided with the support zone, some time traded in this area, and later broke the 2475 level. After this movement, XAU rose to the resistance level, but at once turned around and fell back to the support level. Soon, the price rose to the 2525 level again, which coincided with the resistance zone and some time traded near, after which made a correction movement to the support level, which coincided with the support line of the wedge too. Next, the price at once rebounded up to the resistance level, then soon bounced and fell back, but not long time ago it in a short time rose back to this level. Now, I expect that XAUUSD will break the resistance level, exiting from the wedge too, and continue to move up. For this case, I set my goal at 2560 points. If you like my analytics you may support me with your like/comment ❤️
EUR/NZD Bearish Trend Expected After Double Top RejectionEUR/NZD is expected to enter a bearish trend after rejecting and forming a double top at the 1.80200 level. With the rate cut expected today, this bearish move could drop to 1.78520 without much resistance. Keep an eye on the RSI overbought/oversold zones for potential corrections along the way.
RUNE/USDT: LOOKS READY FOR A 100% PUMP!!Hey everyone!
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RUNE looks good here. Breaking out from the falling wedge pattern in a 12-hour time frame and currently retesting the wedge. Buy some here at this retest level and add more in the dip.
Targets:- $4.96/$7.22/$8.88
SL:- $3.18
What are your thoughts on RUNE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
FTM/USDT: BULL FLAG BREAK OUT! READY FOR 250% PUMP!!Hey everyone!
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FTM looks good here. Break out from the bull flag-like structure in the daily time frame and currently going for a retest. Accumulate it in the green zone.
Entry range:- $0.43-$0.48
Target:- 200-250%
SL:- $0.34
What are your thoughts on FTM's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
BAL ANALYSIS#BAL Analysis 🚀🚀
As we can see that #BAL is trading in a Descending Channel Pattern in 4hr time frame. After a small retest towards it's support zone we would see a bullish movement in #BAL 💸 💯🚀
💸Current Price -- $1.845
📈Target Price -- $2.195
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#BAL #Cryptocurrency #DYOR
ICP/USDT: POTENTIAL FALLING WEDGE PATTERN!!Hey everyone!
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ICP/USDT forms a falling wedge-like structure in the daily time frame. It breaks out from the wedge and is currently, going on for a retest. Accumulate it at the retest level.
Entry range:- $7.7-$8.1
Targets:- $10.6/$13.4/$16.8/$19.8
SL:- $6.26
What are your thoughts on ICP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
AAVE ANALYSIS(update🚀#AAVE Analysis :
🔮#AAVE is trading in a symmetrical triangle pattern on the 4hr timeframe Also there is an instant resistance zone💁♂️
We could expect a breakout of the resistance 1 zone and could expect a potential bullish move📈
Expect a bullish wave of around 15% in the coming days
🔰Current Price: $151.35
🎯 Target Price: $171.45
⚡️What to do ?
👀Keep an eye on #AAVE price action. We can trade according to the chart and make some profits⚡️⚡️
#AAVE #Cryptocurrency #TechnicalAnalysis #DYOR
Alibaba - The Bleeding Is OverNYSE:BABA dropped roughly -75% after it broke the long term trendline towards the downside back in 2021 before it found some strong support at a previous horizontal support level.
Click chart above to see detailed analysis 👆🏻
Bulls are still not giving up on Alibaba and after the strong retest and reversal of the all time low back in 2022, Alibaba managed to consolidate and stop the agressive downtrend. If Alibaba actually manages to break back above the confluence of resistance, this stock is actually back to a bullish market and we could see the beginning of a new uptrend and maybe even new all time highs.
Levels to watch: $81
Keep your long term vision,
Philip - BasicTrading
SUN/USDT: READY FOR A 100% MOVE!!Hey everyone!
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SUN/USDT looks good here. It breaks out from the symmetrical triangle in a 4-hour time frame and is currently, being it. Buy some here and add more in the dip.
Entry range:- $0.025-$0.027
Target:- 80-100%
SL:- $0.024
What are your thoughts on SUN's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
NVDA showing signs of a reversalNVDA broke under neath major support level friday over fears of recession looming then reversed course Monday.
breaks through downward resistance trend
breaks back above major long term support
RSI shows strong turn around
One down side is volume is slightly decreasing during the turn around. Not a clincher, just noting it.
We are now seeing a number of good signals that NVDA is reversing course and getting ready for a turn around.