PEPEUSD Will start forming a bottom. Be ready to buy.Pepe (PEPEUSD) is showing signs of proper structured price action as the prevailing pattern emerges as a Channel Up. Having broken today below the 1D MA100 (green trend-line) for the first time since February 24 2024, we anticipate that the new bottom (Higher Low) of the Channel Up will start getting formed.
Both Bearish Legs of the pattern where through Channel Down patterns (dotted) and the Bullish Legs that followed (dashed), were Channel Up patterns. A break above the 1D MA50 (blue trend-line) again, should confirm the start of the new Bullish Leg.
The 1D RSI though is already giving an early signal and on the next rebound, if we see successive 1D candles trading sideways, we will have an early buy opportunity. The ultimate Support level is of course the 1D MA200 (orange trend-line).
The previous Higher High was formed just below the 2.0 Fibonacci extension from the Low. As a result, our Target is now 0.00002500 (just below Fib 2.0).
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Cryptocurrencysignals
HAPPY JULY 4th with BITCOIN hitting the 1D MA200 after 9 months!Happy July 4th everyone! A little break from the traditional stock markets but not for crypto. Bitcoin (BTCUSD) in particular, just hit and broke below its 1D MA200 (orange trend-line) for the first time in almost 9 months (October 16 2023)!
Naturally this is a very strong long-term Support level and it is even more obvious on this 1D chart, where BTC's current consolidation is similar to the one from mid- April 2023 to mid-July 2023 (blue Rectangle).
With the long-term pattern being a Fibonacci Channel Up and the 1D MACD forming a sequence similar to the bottom formation that started on August 27 2023, Bitcoin is most likely entering the long-term Support Zone.
The ultimate Support level is the 1W MA50 (red trend-line) but we expect to come close to that not straight away vertically but in the next month while the price might trade sideways in similar fashion to September 2023.
In any case, since the November 2022 market bottom, this kind of distance from the 1D MA50 (blue trend-line), has been the most optimal buy entry and including the current one, we've only had 4 such opportunities.
But what do you think? Is this the right opportunity to buy heavily again on Bitcoin? Feel free to let us know in the comments section below!
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Bullish rise?Bitcoin (BTC/USD) has reacted off the pivot and could potentially rise to the overlap resistance which aligns with the 61.8% Fibonacci retracement.
Pivot: 59,227.02
1st Support: 58,400.61
1st Resistance: 61,951.95
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CFXUSD Buy after it breaks above the 1D MA100.It's been too long since we last analyzed Conflux (CFXUSD) and on that analysis (January 26, see chart below) we got a clear bullish break-out signal that easily hit our 0.4000 Target:
The price has since entered a brutal sell-off below the 1D MA50 (blue trend-line) and the pattern that stands out the most is a Channel Up. The decline hasn't yet reached the bottom of that pattern, but it is getting close. Last time it completed approximately a -80% decline.
The signal to buy was given when the 1D RSI made a Triple Bottom below the 30.00 oversold barrier and was confirmed when the price broke above the 1D MA100 (green trend-line). We are waiting for that signal to buy and target 0.55000 (just below the Resistance and previous Higher High of the Channel Up).
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BITCOIN History rhymes and calls for as high as $300k!This is a post Halving update to the 'Fibonacci Channel blueprint' analysis we've made almost a year ago. The price action has been even more aggressive than what we expected so relevant adjustments had to be made.
On this chart, we yet again rely on the long-term time-frames of Bitcoin (BTCUSD) for a more meaningful illustration of its historic Cycles. Those are patterns that have repeated themselves over and over again, with some variations of course based on the current market conditions.
** The Fibonacci Channels **
Right now the price has completed 4 months of consolidation following the early March All Time High (ATH), always above the 1W MA50 (blue trend-line). This consolidation is consistent with all previous post-Halving price actions as BTC always traded sideways and accumulated in the weeks after the Halving, in preparation for the Parabolic Rally, the Cycle's most aggressive phase.
The previous Cycles topped near Fibonacci trend-lines of prior Cycle Channels. For example the December 2017 Cycle Top was formed just below the bottom (Fib 0.0) of the orange Fibonacci Channel that started from the previous Cycle bottom. The November 2021 Top was formed just below the middle (Fib 0.5) of the blue Fibonacci Channel. This could be a +0.5 Fib progression and in that case the Top of the current Cycle might be just below the top (Fib 1.0) of the black Fibonacci Channel that started on the December 2018 bottom.
At the same time, another condition that it 'needs' to fulfil is being just below the 0.0 Fib of the Blue Channel, similar to what happened in December 2017 (just below Fib 0.0 of the orange Channel).
** The Halvings and $200k **
The 1.0 Fib is currently a little under $300000, and as we mentioned after the consolidation of each Halving, Bitcoin posts the most aggressive (parabolic) rally of the Bull Cycle. So that leads us to assume that the Top of the current Bull Cycle will be at least $300k. To give a relative sense of pathing, we have plotted the 'post Halving rallies' of the previous three Cycles on the current Channel starting on Halving 4.
As you can see, the orange (2013) and black (2020 - 2021) lines are more aggressive than the purple (2016 - 2017) but the latter is the one that, as we've posted numerous times, the current Cycle has the most similarities with. If Bitcoin follows the purple price action within the black Fibonacci Channel, then it should reach $100k by December 2024 and $300k by August 2025. If instead it transitions to the more aggressive Cycle models, then it could reach those levels much earlier.
But what do you think? Is $300k realistic within the current Cycle? Feel free to let us know in the comments section below!
Feel free to let us know in the comments section below!
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Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot which has been identified as a pullback support and could bounce from the level to the 1st resistance.
Pivot: 3,355.63
1st Support: 3,272.65
1st Resistance: 3,468.05
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BEAMUSD Bullish Cross aiming for at least 0.2200 short-term.BEAMUSD has been trading within a Channel Down pattern since the March 10 High and today is on the 3rd straight green 1D candle, following a 1D MACD Bullish Cross. That took place on the 0.015100 Support (almost January 23 Low), which makes the buy signal even stronger.
Each Bullish Leg of the Channel Down has been at least +46.88%, so we are targeting 0.02200 for our next Lower High.
If BEAM manages to close a 1D candle above the Channel Down, then we expect an aggressive bullish break-out to complete at least a +186.93% rise, similar to the one that led to the March 10 High.
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Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 62,155.46
1st Support: 61,130.39
1st Resistance: 63,578.50
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AVAXUSD Bottom formation in process. Target $105.007 months ago we published the following analysis (December 14 2023, see chart below), expecting Avalanche (AVAXUSD), to correct back to the 1.0 Fibonacci level after a potential $55.00 hit:
As you can see the price action didn't fail to deliver our projection, in fact it followed very tightly the February - July 2021 pre-rally pattern of the previous Bull Cycle. Right now it has found Support on the 1W MA100 (green trend-line), while the 1W RSI is on the exact Support level it was on the June 21 2021 bottom.
Even though a marginal decline is possible to satisfy the past condition of slightly breaking below the 0.5 Fib, the current levels are good enough to buy again for the long-term.
As in November 2021, our Target is again the 1.236 Fibonacci extension, which is currently just above the $105.00 Resistance.
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BITCOIN Will people regret not buying at this stage?Around this time last year (see chart below), we analyzed yet again the similarities of Bitcoin's (BTCUSD) current Cycle with the one in 2014 - 2017. In fact we were among the fist channels in late 2022 to bring that up as a strong possibility and as you can see Bitcoin didn't fail to deliver:
We have entered however a stage where, as the title says, people could regret if they haven't bought already as it might be the last opportunity to do so on such low prices. The time-frame on both charts is 3D and as you can see, the MA50 (blue trend-line) has been the most optimal buy entry throughout the 2015 - 2017 Bull Cycle.
If the similarities continue to unfold between the two Cycles, then last week's breach of the MA50, should be the best buying opportunity at this stage. As you can see, we are proportionally at the end of the blue elliptical pattern which in early 2017 consolidated around and mostly below the former All Time High (ATH) level and then started the Parabolic Rally.
Do you think the current MA50 touch has marked the start of this rally? Feel free to let us know in the comments section below!
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Ethereum has a strong bearish momentum, could it fall further?Price is rising towards the pivot and could potentially fall from this level to the overlap support.
Pivot: 3,522.8
1st Support: 3,414.3
1st Resistance: 3,621.6
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could Bitcoin fall from here?Price is currently reacting off the pivot has acts as a pullback resistance and could potentially fall to the pullback support.
Pivot: 63,597.3
1st Support: 62,135.03
1st Resistance: 64,764.8
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
FIL/USDT Local trend. Wedge. Price squeeze. 30 06 2024Logarithm. Time frame 1 day.
🟣 Local trend . Part of the secondary trend, horizontal channel zone with a step of 372% external channel /180% internal channel, in which a descending wedge is formed. Now there is a local price squeeze, at the support zone of the inner channel.
Also superimposed is a slightly modified Gann fan, to understand the dynamic support/resistance zones during trend development and the time of reaching the price range. Percentages to key support/resistance levels are shown in cases of exit/non-exit from this zone are shown.
Line chart (without market noise).
🔵 Main trend . Formation of a large pump bowl, price in the second phase, that is in a horizontal channel (accumulation zone).
FIL/USD Major trend. From a high of $237 -99% Published on 01/22/2023 (1.5 years ago).
All current. A set range has formed.
Follow the link and click play on the chart.
Any buying expensive / cheap in this range is acceptable from the position of not only the main, but also the secondary trend of price movement development. But, still set adequate targets from the position of the trend and time of development of the cycle. US.
Main trend (without market noise) of this American cryptocurrency for 06 2024
Token name from you, Analysis with me(6/29/2024)Hi everyone; I hope you have a great weekend.
Please write the Project name and Token symbol in the comment section, and I will then share the token analysis with you.
Please pay attention to the conditions.
For example, write Bitcoin(BTC) in the comment.
Project name: Bitcoin
Token symbol: BTC
A maximum of 20 tokens will be analyzed for you.
For each follower, please register only 1 analysis request in the comment section.
Your token analysis will be shared below your comment .
I hope you are always healthy first and then rich.
Please do not forget the ✅' like(More energy for me) '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN Are you going to be able to handle this rally???Bitcoin (BTCUSD) is consolidating on the exact symmetrical spot it did relative to the previous Cycles. The blue circle marks that position historically and is that consolidation that always preceded the Bull Cycle's most aggressive part: the Parabolic Rally.
The Cycle bottom-to-bottom time range is fairly consistent to 1400 days and has been the bottom-to-top of the last two to 1064 days. Having broken above the cyclical Lower Highs (blue trend-line) on February, BTC historically posts only Higher Highs from here. The top can be anywhere within the $150k - $300k range for this Cycle, but as this chart shows, the important thing is to time it as closely as possible.
But what do you think? Is Bitcoin about to experience the start of the new Parabolic Rally? Feel free to let us know in the comments section below!
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Bullish breakout?Bitcoin is reacting off the pivot and could potentially breakout to the overlap resistance.
Pivot: 61,974.28
1st Support: 60,745.83
1st Resistance: 63,716.45
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Fetch.ai (FET) is setting up for upto 32% pumpHi dear friends, hope you are well and welcome to the new trade setup of Fetch.ai (FET) with US Dollar pair.
Previously we caught more than 33% pump of FET as below:
Now on a 4-hr time frame, FET is about to complete a bullish Cypher move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
KASUSD Starting the rally to $0.4000Kaspa (KASUSD) has been trading within a Parabolic Growth Channel ever since its very first day, always supported by the 1W MA50 (blue trend-line). The 1W RSI recently almost reached 45.00 and rebounded and this week the 1W MACD will most likely complete the new Bullish Cross.
As you can see on this chart, this is a bullish signal for KAS as it is a repetitive pattern within the Parabola. It should technically now enter the green curve rally phase which on the previous 3 occasions made a new High at the top of the Channel.
Our medium-term Target is $0.4000.
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FETCH.AIif we don't break this is weak high we need to back at 0.75% Fibo on 1.26$ after that we beak this is high We need a more the swing targat is 6.50$
Mark my words, we are in. June 24, 2024. And the coin is worth 1.50 years. We are going to. More than $10 with this coin, so far we are in an uptrend. Invest in it, and you will see the wonder in this coin. I personally have a good amount of this coin stored targeting higher highs, around $6 to $10.
If you have any questions or inquiries, don't forget to leave them in the comments below this post. Thanks.
BITCOIN Just flashed the strongest Buy Signal of the Bull Cycle!Bitcoin (BTCUSD) turned oversold on its 1D RSI on Monday and yesterday immediately rebounded back above the 30.00 RSI oversold barrier. The previous 3 times it did that exact same sequence since November 09 2022, it was an indication that the bottom was formed and a structured rise / Channel Up would follow.
Technically we can claim that this is the strongest/ most consistent Buy Signal of the whole Bull Cycle so far. Those 3 times turned out to be the most optimal long-term buy entries for investors that buy on dips.
The Gaussian Channel shows that at worst, we are looking at a bottom formation process/ consolidation of another 2 months (as BTC did from August 17 2023 to October 16 2023) but the upside on this Fibonacci Channel Up is significant, with a repeat of the lowest % rise these past 2 years (+91.05%) giving us a minimum Target of $110000.
Do you agree with that? Feel free to let us know in the comments section below!
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