Cryptotrading
VANRY/USDT It's showing a bullish momentum for the movement!💎 Paradisers, #VANRY is indeed a coin worth monitoring closely.
💎 Its successful breakout from the descending channel pattern indicates a bullish momentum for VANRY's movement. The current retesting phase at the demand level around $0.157, coupled with a bullish candle rejection, suggests a potential continuation of the upward movement.
💎 If this scenario unfolds, VANRY could target the resistance zone between $0.21 - $0.228. Breaking above this area would be crucial for sustaining upward momentum and potentially reaching our target strong resistance area.
💎 However, if VANRY fails to break above the resistance and experiences rejection, there's a possibility of retracement back to the demand area or even towards the Bullish OB area to gather momentum for another attempt at breaking the resistance.
💎 The bullish invalidation would occur if VANRY confirms a daily candle close below $0.1085. Such a development would signal a shift in sentiment towards bearishness, potentially leading to further downward movement.
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APE: Channel Down BreakoutTrade setup : Price broke out of Channel Down pattern but we wait for confirmation: break above $1.32 key level. If so, it could signal a bullish trend reversal with +15% upside potential to $1.50. Stop Loss (SL) level at $1.09 (below prior swing low). This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $1.25, which it broke, then $1.00. The nearest Resistance Zone is $1.55 (previous support), then $1.85.
WLD/USDT Bullish Horizon from +OB? What next 👀🚀 💎Paradisers, focus on #WLDUSDT as it presents a strong likelihood of a bullish reversal from the Bullish Order Block at $5.228. If it maintains momentum at this level, there's a significant chance it could initiate a bullish push, aiming to overcome resistance and reach our targeted strong resistance area.
💎 Similarly, we've seen #WLDUSDT break free from a descending channel, marking the onset of a bullish trend. It's currently regaining momentum at the Order Block level, which now acts as a supportive base. Notably positioned above the EMA 200, this encourages our belief that after a brief interaction with the EMA, it may start its ascent.
💎 Additionally, the VRVP shows significant volume at this level, boosting the prospects for an ongoing upward movement. Yet, caution is necessary: if the price cannot hold its ground and dips below the Bullish OB, our next focus would be on a bullish rebound from the lower key support zone at $4.232. A break below this level could invalidate the bullish outlook, leading to further price declines.
💎 As always, applying prudent trading strategies and setting appropriate stop-loss measures are crucial. Remain alert and watch for additional market insights and movements.
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CVX/USDT descending channel expecting breakout? 👀🚀💎 Paradisers, pay attention: #CVXUSDT is navigating a descending channel and is on the brink of a potential breakout, indicating a strong possibility of an upward trajectory.
💎 Currently, #CVX is challenging the channel's resistance and has been trading within a consolidation zone. If it can maintain momentum at the key support level of $2.116 within this channel, we anticipate a substantial upward move, aiming for the resistance levels we've outlined.
💎 Given the market's inherent volatility, if NYSE:CVX fails to sustain its momentum and falls below the $2.116 support, it could signal a weakening of the bullish stance, potentially resulting in a considerable price drop.
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RSR/USDT It shows bouncing this can be a good sign for upward!💎 Paradisers, #RSR is indeed a coin worth monitoring closely.
💎 With a bullish candle rejection observed on the LTF demand area at 0.00568, there's potential for a bullish reversal. If RSR successfully backtests the resistance at 0.077, it could indicate a strengthening bullish sentiment.
💎 Breaking above the key supply area at 0.00916 would further solidify this bullish momentum, potentially paving the way for RSR to reach our target strong resistance area.
💎 However, if RSR fails to bounce from the LTF demand area, there's a possibility of a retracement towards the Major demand area around 0.0052 - 0.0048. Historical data suggests that RSR has exhibited consistent bounces from this zone, often leading to significant upward movements.
💎 The bullish scenario would be invalidated if the daily candle closes below the Major demand area. Such a development would signal a bearish momentum, potentially leading to further downward movement for RSR.
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Mode ivated? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow!
Got the looks of an Elliott wave impulse here.
I will be watching this chart closely to see if we can get a corrective pattern that stays internal to this suspected impulsive range. Preferable a clear ZZ or other pattern will develop and print down in to at least the discount area. Alarms set, added to watch list.
AAVE: Approaching SupportTrade setup : Trends are mixed to down. After a bearish breakout from a Channel Up pattern, price broke below 200-day moving average, which is a sign of downtrend.
Trend Traders : It’s now sitting at $80 support, which held up a couple of times recently and could be a swing trade entry but it’s a higher risk trade setup since overall trend is down. Price needs to break back above 200-day MA (~$100) to resume its uptrend.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $80, then $60. The nearest Resistance Zone is $105 (previous support), then $130 and $150.
AGIX/USDT It's possible to test on the resistance the pattern.💎 Paradisers, #AGIX is indeed a coin worth monitoring closely.
💎 If AGIX successfully breaks the resistance area of 1.08, it could trigger a bullish momentum, potentially propelling the price further upward toward our target strong resistance area. This would signify a positive development for AGIX's price movement.
💎 However, if AGIX fails to break above the resistance area, there's a possibility that the price may retreat to retest the support level, which also coincides with the ascending triangle's trendline.
💎 A breakdown below this support level could invalidate the ascending triangle pattern, signaling a bearish trend reversal. In such a scenario, AGIX may revisit the Bullish OB area around 0.6 before potentially bouncing back upwards.
💎 The Bullish OB area has historically acted as a strong support zone, with previous instances of price bouncing upon reaching this level. Therefore, if AGIX returns to this area, there's a chance of a bounce followed by a resumption of the upward movement.
💎 However, if the Bullish OB area is breached, confirmed by a daily candle close below the support level, it would invalidate the bullish scenario and suggest further downward movement for AGIX.
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TNSR/USDT Break alert! Bullish momentum for TNSR continue upward💎 Paradisers, #TNSR is indeed a coin worth monitoring closely.
💎 Currently, TNSR has successfully broken out of the double-bottom pattern, signaling bullish momentum for the movement ahead.
💎 The price will likely undergo a retesting phase, possibly revisiting the support level, which previously acted as resistance, before continuing its upward trajectory towards the next resistance area around 1.295. If TNSR manages to break above this resistance, it would pave the way for further gains, potentially leading to our target strong resistance area.
💎 However, if TNSR fails to bounce during the retesting phase at the support level of 0.941, resulting in a breakdown below this support, it could indicate a bearish reversal. In such a scenario, TNSR may revisit the major support area around $0.78 - $0.74 to establish a new momentum for a potential bounce.
💎 The major support area at $0.78 - $0.74 has historically proven to be a strong level capable of sustaining TNSR's price from further decline. Therefore, there's a likelihood of a bounce once TNSR reaches this zone, to initiate a new upward movement.
💎 However, if the candle closes below the major support area, it will validate a bearish scenario, signaling further downward movement for TNSR. Monitoring TNSR's price action around these key levels will provide valuable insights into its future trajectory.
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ALGO: Channel Down BreakoutTrade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now retesting that breakout level. If successful, price could revisit $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
📈🔍 AVAX Long Trade Analysis 🔄💼Trade Overview:
AVAX is potentially poised to break out of a level of resistance, offering an opportunity for a long spot trade.
Trade Setup:
Entry: Enter into a long spot trade at the break of the top of the range area of support of $35.75.
Take Profit: Target profit levels at $40.50 - $45.00 and the next resistance area at $50.00 - $53.00.
Stop Loss: Set the stop loss just below $34.00 to manage risk effectively.
📊🛡️ Exercise caution and closely monitor AVAX's price movement for trade management! #AVAXTrading #CryptoAnalysis 📉🚀
FIL/USDT Ready for a Swift Recovery From Current Support 👀🚀💎Paradisers, #FIL is currently maneuvering within a descending channel and gearing up for a potential breakout.
💎After the breakout, we'll await a retest to confirm this movement before strategizing our next steps. This retest is crucial for validating the bullish momentum. If #Filecoin stabilizes at the support level of $4.99 and resumes its ascent, we anticipate reaching the resistance zone outlined in our analysis.
💎However, if #FILUSDT fails to sustain this support and falls back into the channel, it may signal a weakening bullish trend. Under this scenario, the price could decline to the subsequent significant support level of $4.42.
💎Historically, TSX:FIL has demonstrated the ability to recover strongly from this price point. Should this pattern continue, we could expect a robust rebound. Nevertheless, a definitive close below this support level would alter our bullish narrative and indicate a possible shift to a more bearish trend.
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IMX/USDT descending channel what next? 👀🚀IMX analysis💎Paradisers, #IMXUSDT is currently tracing a descending channel trajectory. This poses the question: Will we see a continuation of the downtrend, or is there uncertainty ahead for sellers? Let’s examine the potential outcomes.
💎 Notably, #IMX has surged above both the descending channel trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This upward break signals strong control by the bulls, potentially heralding a continuation of the uptrend.
💎 Nevertheless, while #Immutable stays beneath the critical supply zone of $2.4553, the outlook could still lean towards bearish. A breakout above this level could shift the momentum towards bullish territory. In such dynamic market conditions, maintaining vigilance and trading strategically are paramount for success.
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OCEAN/USDT It shows a bullish structure want to break a pattern!💎 Paradisers, #OCEAN is indeed a coin worth monitoring closely.
💎 After bouncing at the demand area following a rejection at the resistance of the ascending triangle, OCEAN's current price action suggests a potential retest of the resistance zone around $1.04 - $1.08.
💎 If OCEAN successfully breaks above this resistance level, it could trigger a bullish momentum, leading to continued upward movement.
💎 A breakout above the resistance of the ascending triangle could propel OCEAN towards the Bearish OB (OB-) or even directly to our target supply zone.
💎 However, if OCEAN fails to break the resistance area, there's a possibility of the price retracing back to the demand area and the support trendline of the ascending triangle pattern.
💎 A breakdown below the support trendline could invalidate the ascending triangle pattern, signaling a bearish trend reversal. In such a scenario, the price may continue downward movement towards the key support area around $0.805 - $0.761.
💎 Historically, the key support area has proven to be strong for OCEAN, with previous bounces observed at this zone. Should OCEAN revisit this area, there's potential for another bounce and a resumption of the upward movement.
💎 However, if the support is breached, confirmed by a daily candle closing below $0.761 - $0.805, it would invalidate the bullish outlook and indicate further downward movement.
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AMP/USDT Gaining Momentum to Breakout From Symmetrical Triangle💎Paradisers, #AMP is currently poised within a symmetrical triangle and gearing up for a potential breakout.
💎After the breakout, we'll seek a retest to confirm this movement before strategizing our next moves. This retest is key in validating the bullish momentum. If #Amp maintains support at $0.00681 and propels upwards, we aim for the resistance level we've identified ahead.
💎However, if #AMPUSDT fails to hold this support and falls back into the triangle, it may suggest a weakening of the bullish trend. In such a scenario, the price might retreat to the subsequent significant support at $0.0056.
💎Previousally, NYSE:AMP has demonstrated a strong capacity to recover from this mark. Should this resilience persist, we might witness a robust bounce. Nonetheless, a clear break below this support would alter our bullish narrative, potentially signaling a transition to a more bearish trend.
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ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
PHB/USDT Retest is valid, ready for continue upward movement!💎 Paradisers, #PHB is indeed a coin worth monitoring closely. It has successfully broken through the resistance area, transitioning it into a support zone.
💎 Moreover, PHB has also managed to break free from the confines of a descending channel pattern. These developments suggest a bullish momentum with a trend reversal from bearish to bullish.
💎 Given this scenario, the potential for PHB is further upward movement, with the next target being the resistance around the $3.15 area. Breaking through this level is crucial for PHB to reach our target strong resistance area at the all-time high (ATH).
💎 However, if PHB fails to sustain its upward trajectory and instead consolidates around the support area, it could signify weakness in the support. In such a scenario, there's a risk of the support breaking down, leading PHB back into a downward movement towards the demand area around $1.49.
💎 It's worth noting that historically, this demand area has demonstrated resilience for PHB, with previous instances resulting in significant bounces. However, if PHB fails to bounce from the demand area and instead breaks below it, the bullish thesis would be invalidated. This would signal further downward movement, potentially pushing PHB into a deeper decline.
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DOT/USDT descending channel what next?👀🚀DOT analysis💎 Paradisers, #DOTUSDT is currently nicely tracking a channel trajectory. Will this lead to a swift continuation of the prevailing downtrend, or are we entering a period of uncertainty for sellers? Let’s explore what’s likely to happen next.
💎 It's important to highlight that #DOT has broken below both the downtrend trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This bearish behavior indicates that bears are firmly in control, suggesting a likely continuation of the downtrend.
💎 Currently, #POLKADOT is positioned near a channel resistance that might attract potential sellers. Yet, we must be wary of potential price spikes upward, often seen as "stop-loss hunting" events. Such movements can introduce temporary volatility and challenge the prevailing bearish sentiment.
💎 However, as long as #DOT remains under the crucial supply zone level of $7.531, the scales are tipped in favor of a continued bearish trend. Should the price break above this supply level, then a bullish shift might be on the horizon. Staying vigilant and trading wisely is essential for success in these market conditions.
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TLM/USDT exciting opportunity bullish horizon? 👀🚀TLM analysis💎 Paradisers, prepare for an intriguing trading opportunity with #TLMUSDT. There's a notable chance for a bullish reversal from the key support at $0.01429, which the price has tested twice. If it can sustain its momentum at this level, there’s a significant possibility it could launch a bullish drive, aiming to break through resistance and target our outlined strong resistance area.
💎 Should ASX:TLM fail to recover from the $0.01429 support and instead dip below it, this could signify a further descent in the trend, with the next vital demand zone positioned around $0.01284.
💎 If #TLM reaches this demand zone, it becomes crucial for the price to achieve a rebound from this level, essential for sustaining support. Failure to do so could intensify the bearish momentum, reinforcing negative market sentiment and potentially leading to a further decrease in price.
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APE: Channel Down BreakoutTrade setup : Price broke out of Channel Down pattern but we wait for confirmation: break above $1.32 key level. If so, it could signal a bullish trend reversal with +15% upside potential to $1.50. Stop Loss (SL) level at $1.09 (below prior swing low). This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $1.25, which it broke, then $1.00. The nearest Resistance Zone is $1.55 (previous support), then $1.85.