Descending Channel Breakout done!🚨 NYSE:AXL is breaking out of a Descending Channel pattern on the 1D chart, which is typically a bullish reversal signal.
📈 Entry Point: $0.60 to $0.65
🎯 Targets:
$0.78
$0.88
$1.28
$1.64
$2.38
🔄 Trading Options: NYSE:AXL is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.50.
📊 About NYSE:AXL :
AXL (Axelar) is an innovative project in the crypto space, offering decentralized cross-chain communication for Web3 applications, enabling seamless interaction between multiple blockchain networks.
📢 DYOR, NFA
Treanding
#Bitcoin It's Over? 🚨 #Bitcoin Update: Big changes could be coming!🚨
We're close to seeing a major shift in the market. The Super Trend indicator, which has been positive since early 2023, might turn negative soon. If Bitcoin closes below $56,000 in the next few days, it could mean the end of the current bull run.
Watch the charts closely! If the price stays above $56,000 and bounces back, we might see a strong recovery. But if it falls below, the bears might take over.
Stay alert and trade wisely! 📈💡
#Crypto
IN EXPLANATION
We are on the verge of confirming a reversal on the larger time frame.
The Super Trend indicator, which has been green throughout the entire market since the beginning of 2023, was also red during the market's decline in 2022. This indicator has been effective in determining whether we are in a bear market or a bull market on the larger time frames, rather than the short-term. While we may experience short-term dips or bearish trends, the Super Trend indicator highlights the broader bullish and bearish movements. It will turn red, confirming a bearish trend reversal on the larger time frame and indicating a bear market if we see a four-day candle close below approximately 56,000.
This would confirm a trend reversal pattern. For the market to continue, the price needs to remain above 56,000 and rebound from this level soon. This could potentially lead to the formation of a giant bull flag. However, if this pullback persists over the next few days and we see a four-day candle close below 56,000 in three days, it could signal the end of the bull market.
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$GROK Looks good to go long!🚨 $GROK is forming a Symmetrical Triangle Pattern on the 12H chart, which is typically a continuation pattern.
📈 Entry Point: 688 to 760
🎯 Targets:
$0.00860
$0.00976
$0.01089
$0.01170
$0.01292
$0.01455
🔄 Trading Options: $GROK is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.00621.
📊 About $GROK:
GROK is a promising project in the crypto space, aiming to revolutionize transactions with its innovative technology. Their mission is to provide seamless and secure transactions across different networks.
📢 DYOR, NFA
$TNSR looks like a strong long opportunity!🚨 $TNSR is forming a Symmetrical Triangle Pattern on the 4H chart, which is typically a continuation pattern.
📈 Entry Point: CMP and Accumulating up to $0.45
🎯 Targets:
Midterm Goal: $0.664
Long Term Goal: $1.088
Trading Options: NASDAQ:INSR
is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.425.
📊 About $TNSR:
INSR is a promising project in the crypto space, aiming to revolutionize transactions with its innovative technology. Their mission is to provide seamless and secure transactions across different networks.
📢 DYOR, NFA
#Crypto
Key Resistance and Potential Decline in USDT Dominance!Key Resistance and Potential Decline in USDT Dominance
The chart shows a strong resistance level around 5.08%. USDT dominance has tested this level several times but hasn't been able to break through.
📉 Current Price Action:
USDT dominance is currently struggling to break past this resistance, shown by multiple rejection candles.
📈 Potential Movement:
If this resistance level holds, USDT dominance might drop towards the ascending support line. The chart suggests a possible decline, as shown by the black arrow.
🔻 Support Levels:
The ascending trendline below acts as strong support. If USDT dominance falls, it might bounce back from this level.
📊 Indicators:
The supertrend indicator on the chart shows a bearish trend.
🔍 Analysis Summary:
This analysis highlights the current resistance level for USDT dominance and the potential decline towards the support line. Keeping an eye on these levels can help anticipate market movements.
Stay tuned for more insights and detailed analysis!
#Bitcoin update! 📊 #BTC Descending Broadening Wedge on the Daily Timeframe Chart is Still in Play! 🚀
Bitcoin bulls need to clear the $71.3k Resistance to confirm the breakout. 📈💪
Once the wedge breakout happens, we can expect some good bounce.
In the 4D time frame chart, we are getting extremely close to a massive, volatile move soon!
Stay tuned
A Practical Guide For Candlestick Patterns!Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Intraday traders aim to either purchase a cryptocurrency at a low price and sell it at a higher price or short-sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information to help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply, among other factors.
Tools such as candlestick chart patterns are very helpful to traders. We will discuss these candlestick charts and offer steps to help you read them.
BITCOIN: HISTORICAL AND LOGARITHMIC CHART!This chart is based on historical data and is logarithmic.
I believe that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot continue to grow exponentially; this would lead to insane prices of many millions in 2025. While I am a long-term Bitcoin bull, one has to remain realistic.
The cause of these growth cycles is the halvings, which lead to a supply shock followed by a subsequent rally—every time. These are all guesstimates, of course, but I think this chart is realistic.
The long-term goal for BTC in 2025 is around 150K to 180K USD, in my opinion. It won't go much higher afterward and can be seen as the final asymptotic price.
Important Things to Note
- During the 2016 bull run, after breaking its previous ATH, BTC had a 303-day bull run and reached a new ATH of $19,666.
- During the 2020 bull run, after breaking its previous ATH, BTC had a 337-day bull run and reached a new ATH of $69,000.
- In the 2024 bull run, BTC broke its previous ATH in just 500 days, which was not expected. The current situation is that BTC broke out of its previous ATH and is currently retesting it. Based on historical data, we can expect a bull run lasting between 303 and 337 days.
I hope this chart helps people understand the long-term growth dynamics of BTC. This idea is presented in a probabilistic manner.
$AXL looks like it is ready to go long!NYSE:AXL is breaking out this falling wedge pattern, and RSI is also showing bullish divergence.
Entry Point: Start accumulating once the price exceeds $0.97.
Targets:
Midterm Goal: 60% increase
Long Term Goal: 170% increase
Trading Options: AXL is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.78.
About NYSE:AXL
Axelar aims to provide secure cross-chain communication for Web3. This project offers a decentralized network and a suite of tools to assist developers of decentralized applications (dApps) in achieving seamless cross-chain interactions via its protocols, tools, and APIs.
DYOR, NFA
#Crypto #altcoin
$PIXEL broke out this falling wedge pattern!NGM:PIXEL broke out this falling wedge pattern and currently retesting it.
Entry: accumulate above $0.39
Target: Midterm target 50%
long term target 200%
This coin is available in both spot and futures.
You can buy it on the spot, or if you want to long it on futures, you can do so with a stop-loss at $0.35.
ABOUT NGM:PIXEL
Pixels is a social casual web3 game on the Ronin Network, featuring an engaging open-world experience centered on farming, exploration, and creation.
DYOR, NAF
#Crypto #ALTCOIN
#ONDO BREAKOUT THIS BULLISH PENNANT PATTERN!#ONDO Breakout this bullish pennant pattern and currently retesting the support, and then we can expect a potential rally. Technically, as per the pattern, we can expect almost a 150% rally.
Entry: CMP and add more up to $0.848
SL: $0.77
DYOR, NFA
#Crypto LSE:ONDO
#MYRO MIDTERM TRADE SETUP!#MYRO Breakout this ascending triangle pattern, and currently it is coming to retest it.
If it successfully retests this pattern, then we can expect a potential rally.
Technically, as per the pattern, we can expect almost a 60% bounce.
Entry: CMP and add more up to $0.203
SL: $0.191
Leverage: 2X to 5X
DYOR, NFA
#BLUR Breakout this Falling Wedge Pattern! #BLUR Alert: Bullish Rally Ahead! 🚀
We've confirmed a Falling Wedge Upside Breakout/Retest on the daily timeframe chart. 📈
Plus, the RSI is showing a strong bullish divergence. 🔥
Get ready for an explosive 80%+ bullish rally in the coming days! 💥
#Crypto SEED_DONKEYDAN_MARKET_CAP:BLUR
MACD indicates flat momentum!After breaking the descending trend line, the RSI now holds above its former resistance-turned-support.
100EMA is working as support.
However, the MACD indicates flatlining momentum with no clear direction. Despite nearing a bearish crossover, we lack momentum for significant short-term movement. Expect subdued price action or sideways movement due to this lack of momentum and a weak trend in either direction.
#Bitcoin #Crypto
#ONDO IS FORMING THIS BULLISH PENNANT PATTERN!#ONDO/USDT TRADE SETUP
ONDO is forming a bullish pennant pattern, indicating a potential breakout and subsequent rally. We anticipate a significant bounce of up to 70% to 100% following the breakout of this pattern.
Remember to conduct thorough research before making any trading decisions.
NFA
#DYM/USDT TREAD SETUP#DYM / USDT TREAD SETUP
In the 4-hour time frame, DYM has broken out of this falling wedge pattern and is currently bouncing after retesting this pattern. we can also see bullish divergences in the RSI.
Entry: Current Market Price (CMP) and add more up to $3.22
Target: According to the pattern, we can expect up to a 70% to 100% bounce in the price.
SL- $2.9
Remember to do your own research.
NFA
#Crypto
#ETH forming this massive falling wedge!Taking a look at the #Ethereum daily timeframe, we are still potentially forming this massive falling wedge pattern because as of right now, the price has not yet confirmed the break either below the line or above its resistance line. The line of support is sitting at around 2890, so also right around that 2.9K level, which is an important level on the chart, and this resistance is sitting at around 3K, which is the level we need to confirm a breakout above in order to confirm the bullish price target for this pattern.
Stay tuned for updates.
#cryptocurrency CRYPTOCAP:ETH BINANCE:ETHUSDT
#NEAR looks promising for the long term!NEAR is forming this huge bull flag.
For the long term, this seems like a solid choice. Its strong tokenomics and competent team make it a promising asset. The chart indicates the potential for significant growth in the next few weeks.
It may drop to $4.3 support, which is a very strong support, but there is one more support at $5.
So consider adding more if it drops below $5 to $4.3.
Remember to do your own research.
NFA
#BTC FORMING SYMMETRICAL TRIANGLE PATTERN!#Bitcoin is forming a symmetrical triangle pattern.
Resistance is coming from the Ichimoku cloud and the 100-day moving average.
The MACD crossover suggests a shift to bullish momentum.
It's recommended to wait for a clear breakout or breakdown of the triangle to confirm the next direction.
Stay tuned I will keep updating
#Crypto #DYOR #NFA CRYPTOCAP:BTC BINANCE:BTCUSDT BITSTAMP:BTCUSD