ETH: POTENTIAL BULL FLAG FORMATION!!Hey everyone!
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ETH is trading above the $3300 level which is quite a strong support. As you see in the chart, it is forming a bull flag-like structure in an 8-hour time frame and is currently, trading inside it. Once it breaks out from the bull flag we might see a good 30-40% rally to the upside.
Also, there is positive news that the SEC could approve spot Ethereum ETFs by July 4 so this definitely gives a good boost to ETH and Alts.
Entry range:- $3280-$3380
Targets:- $3900/$4200/$4600
Invalidation:- Close below $3250
What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Bullishpattern
ENSUSDTENSUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
BTC - Brearish trend breakout and potential for a recover."This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
Bitcoin's current price action and the recent break into the $61,000 range are promising signs for a bullish trend. Breaking the 7 EMA (Exponential Moving Average) on the daily timeframe would indeed be a critical step in confirming this upward momentum. Here are some points to consider:
1. Good News and Market Sentiment: Positive news and sentiment around Bitcoin can significantly influence its price movement. Factors such as regulatory developments, institutional adoption, and macroeconomic trends can drive the market.
2. 7 EMA as a Key Indicator: The 7 EMA is often used by traders to identify short-term trends. If Bitcoin can break above this moving average, it could signal a stronger bullish trend and attract more buying interest.
3. Resistance at $65,000: The next significant resistance level around $65,000 would be a critical point to watch. If Bitcoin can surpass this level, it could pave the way for further gains and potentially set new highs.
4. Sustaining Above $61,800: Holding above the $61,800 level by the end of the day would be a strong indicator of sustained buying pressure and could lead to continued upward movement.
While technical analysis provides valuable insights, it's important to stay updated on market news and events that could impact Bitcoin's price. Keep an eye on both technical indicators and fundamental factors to make informed decisions.
a complete roadmap for SOL coinWhat happened in 2021 is very similar to what is happening now
A positive pattern forms after an accumulation period Then, after breaking and retesting, a bullish rally occurs
Solana is one of the largest projects ever and you deserve to own a part of it in your portfolio
Entering now is a good decision, even if you are corrected a little with u
Breaking the $200 resistance on the weekly frame will create a huge bullish rally for Solana
best regards ceciliones🎯
Could Altcoins Rise This Weekend? Here's What We're Watching!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be much appreciated!
Total2 (Altcoin Market Cap) Update:
Total2, which tracks the total market capitalization of all cryptocurrencies excluding Bitcoin, appears to have broken out of a falling wedge pattern in the 4-hour timeframe. The price is also holding above the 50-day Moving Average (50MA), which can be a sign of support.
Expecting a good bounce in Alt M.cap up to $1.12T in the next few days. Keep a close eye on your favorite Alts this weekend.
What are your thoughts on Total2's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Thanks!
PVR has reached its cheapest price ever PVR has fulfilled his overvalued price. 40% reduced from all time high and this is too much cheap in nature. DO SIP or invest doesn't matter, do whatever you want
Fair value has come and we may invest now .
1st target will be around 18% and 2nd one is 28%.
ENTRY PRICE 1340
TARGET 1 1590 (18%)
TAEGET 2 1720 (28%)
BACKUP PLAN if you will have some profits in your hand you should CREATE TRAILING GTT order to breakeven or COST TO COST entry price. don't be so greedy.
see you soon
Hinduni bullish for 27/06/2024Hi fellow traders,
Check out this Hindustan Unilever chart. It has taken its sweet time to retrace making a slingshot pattern (Don't know official name). I am bullish on this chart for intraday as well as for a week where my entry point will be 2450 and SL will be 2420. So, for intraday my profit is 2500. And for weekly trading it is 2700.
Let me know what you feel. You too will be updated about my thoughts throughout tomorrow's trading session.
Disclaimer : This is my analysis and I does not responsibility of any profit or loss executing this suggestion. Even though I will be taking the same trade tomorrow, do your own analysis.
Stay tuned for such daily chart analysis.
Frankly, I don't feel like explaining, the chart says it all !!KUCOIN:GTAIUSDT
The price is still in the wedge, which means that the price can grow well after the break, also the PRZ zone is a strong support zone for the price. If the wedge breaks, the price will go up to $1.70.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTC USD: TRAPS ARE EMINENT~! BUT NOT WITH US!!!BTC USDT
Bullish Sentiment
a. BULLISH Back to 67.7K to get out (LAST CHANCE BEFORE WE KISS NEUTRAL AND GREED METER GOODBYE)
b. BULLISH to repect MA and Trendline retracement.
c. Shortterm Bullish to BULL trap and feed bears!
Bearish Sentiment
a. MStrat just bought; money for sharks and scalpers.
b. Increasing interest to short the market due to inflated balloon of longs.
c. Sharp knife drop eminent once we receive a capitulating news somewhere 66 67 and 68k at least
d. This knife drop will give you 3 candles signal in 1D tf. and a clear patterns in 4hr down to 15hr tf.
e. It will fail to reclaim a higher price than 68.8k body close. 69K is too funny to reclaim especially with a strong candle close in weekly. No one can predict that if that happens.
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AltCoin - Bullish potentialThis is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
There is a higher probability for the AltCoin market to rise rather than fall. Currently, it is facing a resistance level, which, while not major, is significant due to the presence of a trendline. This trendline indicates potential market behavior and suggests a likely direction for future movements.
SP500: Buy A Dip Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal Reserve might be one step closer to potential rate cuts later this year, although I think this is still a distant possibility. However, the markets are definitely positioning for this move later this year.
Examining US Treasury yields, we have seen a strong reversal on the 10-year note, indicating that the dollar could continue its downward pressure. When looking at the S&P 500, which typically trades inversely to the US dollar, we see a strong upward move. In fact, several breakaway gaps in the cash market suggest a very strong uptrend.
From an Elliott wave perspective, you need five waves up before looking for a potential completion of the uptrend. If we examine the rise from April, we can clearly see that this is not yet a five-wave movement. In fact, the strong middle move up from 5,000 typically represents an impulse within an ongoing trend. I would argue that there is room for more upside, especially after the next retracement, which I believe could be wave four. Given the extended move in wave three, we should see some pullbacks as markets do not move in a straight line.
The first potential and interesting support area could be between 5,250 and 5,270, which was the previous high and the recent gap that occurred after the latest CPI figures. This certainly appears to be a key area for the next dip. If you want to play the long side, you will likely want to see the pullback first.
The invalidation level of the whole recovery would be around 5,124. If we believe we are in an impulsive sequence and expect more upside, then wave four must not intrude into the territory of wave one or wave two. If this happens, it means that the trend is most likely changing to bearish or maybe just moving sideways.
Grega
SWING TUTORIAL - SHARDACROPA typical Convergence Divergence is in play here.
Stock is also in a Long term Lower Low Pattern formation.
Could this Convergence Divergence indicate a breakout from the Lower Low Trendline?
Or is the price going to go down further?
Give your comments in the Comments Section below:
SWING IDEA - RAMCOCEMThe price has been falling down ever since it hit it major resistance at 1028 back in Dec 23.
It has been making new lows ever since.
Although it can be noticed that the MACD has finally started to show some upward momentum ever since March 24.
Could this Convergence Divergence indicate a good move upward?
Lets find out.
NAS100...Historically Bullish With Weekly Sell OpportunitiesNAS100 is and has continued to be a bullish instrument...what this means is that if you have entered on any LOW's on the bigger timeframes, you could have continued to hold forever and still be in profit despite the retracements on the smaller timeframes.
There have been great sells in recent times that have provided great profit opportunities, however that requires extreme skill and great patience.
While my bias is still towards the buy, I took a sell opportunity based on the fact that the price registered an all time high (ATH) on Friday June 7th, 2024)...This move will end with a HL on a timeframe bigger than the H1, hence creating another buy opportunity towards another ATH.
Friday's Sell entry was as follows:
Entry: 19105.3
TP: 18904.1
As always guys...I am not a signal service provider and there are trades that I will take an not post as time may not allow, so please do not look to me for guidance as to how I am entering or exiting...this is just for informational purposes only.
Important: NAS100 is always bullish, which means, I take Lows to Highs for buys and High to lows for sells.
Zig to Zag = Buys
Zag to Zig = Sells
#auberstrategy
#aubersystem
#whywewait
#zigzagtheory
#patience
You can check my video profile to see a visual explanation entitled "NAS100...The week Ahead 6/9 - 6/14/2024"