KASPA - IT'S ABOUT TIME TO MOVE IN UPTREND (TA + TRADE PLAN)Timeframe: 4-hour chart
Current Price: $0.133
Rising Wedge Formation:
Resistance Line: The upper green line represents the resistance level, which is slightly inclining upwards.
Support Line: The lower green line forms the support for this wedge. This support level is also inclined upward but at a slightly steeper angle than the resistance.
Pattern Interpretation: The rising wedge pattern, as observed in the chart, is typically a bearish reversal pattern. However, given the overall crypto market volatility, a breakout in either direction is possible.
Bearish Scenario: A breakdown below the support level would confirm a bearish trend, potentially leading to lower lows.
Bullish Scenario: If the price breaks above the resistance, it could invalidate the wedge pattern and indicate a bullish breakout.
VMC Cipher B Indicator:
This oscillator shows wave momentum, with the darker blue shading indicating downward momentum at present.
Current Signal: Mixed with a potential trend shift. A continuation of negative momentum would reinforce the bearish wedge breakdown scenario.
RSL (Relative Strength Level) Indicator:
The current RSL value is 51.83, indicating neutral territory. This suggests no strong trend is currently dominating but could indicate either upward or downward movement depending on further price action.
Stochastic Indicator:
Stochastic RSI stands at 41.60, which is in the lower-mid range, signaling the asset is neither oversold nor overbought. This neutral stance suggests a wait-and-see scenario for the breakout.
HMA (Hull Moving Average):
The Hull Moving Average histograms are slightly positive, showing marginal bullishness. However, the movement is not aggressive enough to signal a strong upward trend as of now.
Key Levels:
Resistance: Around $0.135 - $0.138
Support: Approximately $0.131 - $0.130
Psychological Support: The $0.130 zone is a critical psychological support. Breaking below this would signal a more significant sell-off.
Indicators Summary:
Momentum: Slightly negative to neutral (VMC Cipher B).
Strength: Neutral, with room for movement either way (RSL 51.83).
Stochastic RSI: Suggests no strong overbought or oversold signals (41.60).
Trading Plan:
Scenario 1: Bullish Breakout
Entry: If the price breaks and sustains above $0.135, it indicates a bullish breakout from the rising wedge.
Take Profit 1 (TP1): $0.145 (first resistance level).
Take Profit 2 (TP2): $0.155 (potential swing high).
Stop-Loss: Set a stop-loss just below the wedge’s lower support at $0.130 to manage risk.
Scenario 2: Bearish Breakdown
Entry: If the price breaks below the support at $0.130, it signals a bearish move.
Take Profit 1 (TP1): $0.125 (first support level).
Take Profit 2 (TP2): $0.115 (next significant support).
Stop-Loss: Place a stop-loss above the wedge's upper resistance at $0.135.
Risk Management:
For both bullish and bearish setups, adhere to a risk-reward ratio of 1:2.
Adjust stop-loss and take-profit based on market volatility and personal risk tolerance.
The rising wedge pattern indicates caution, as it is historically a bearish reversal formation. However, confirmation of either a bullish breakout or bearish breakdown will guide trading decisions. Momentum indicators and oscillators suggest neutrality, indicating that this wedge could break either way soon. Traders should remain vigilant for confirmation signals and place stop-losses to protect against unexpected volatility.
Usdt
Bitcoin can rebound up from pennant to 71K pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price rose to the current support level, which coincided with the support zone. After it reached this level, it some time traded near and even entered the support area, but then dropped to the buyer zone. Also, the price started to trades inside the pennant, where later, BTC rebounded from the buyer zone and started to grow. Soon, the price turned around and made a correction movement to support line of the pennant. After this, BTC turned around and made impulse up, making a fake breakout of the 60800 level. In a short time later, the price reached the current support level, broke it, and made a retest. Then it continued to grow until reached the resistance line of the pennant, after which, a not long time ago, it rolled down. So, at the moment, I think that the price can decline to support line and then rebound up, exiting from the pennant pattern. After this, I think BTC can continue to grow, for this case, I set my TP at 71000 points. Please share this idea with your friends and click Boost 🚀
Bitcoin will break support level and continue to fall to 61800Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days reached the support level, which coincided with the buyer zone, but at once rebounded and declined a little below. After this movement, the price started to grow inside an upward channel, where it soon reached the 59000 level and broke it. Next, the price made a correction to the buyer zone and then continued to move up to the channel's resistance line, which coincided with the current support level and then turned around. BTC corrected the 59000 level, after which it rebounded and in a short time rose back to the 66300 level and some time traded near. Soon, the price broke this level and rose almost to the channel's resistance line, but recently it turned around and dropped to the support level, which continues to trade very close. In my opinion, the price can make a small move up and then continue to decline to support line of the upward channel, breaking the support level. That's why I set my TP at 61800 points. Please share this idea with your friends and click Boost 🚀
BTC/USD - Potential Long Opportunity at Green Support ZoneBTC has broken through the current support level. My target is the green support zone below, where I expect buyers to return. If the price reaches this area, it could present a strong opportunity to enter a long position with confirmation. Watching closely for a signal to enter long.
HARMONY ONE TECHNICAL ANALYSIS AND TRADE PLANE BY BFTechnical Analysis (4-hour chart) + TRADE PLAN by BF
Pattern Identification:
Falling Wedge Formation: The price is moving inside a falling wedge, typically considered a bullish reversal pattern. The wedge has defined support and resistance lines converging as the price moves downward, indicating potential upcoming breakout to the upside.
Key Support and Resistance Levels:
Support Level: Around $0.01287, highlighted as a solid base where buyers have historically stepped in.
Resistance Level: Around $0.01528, marking a level where sellers may become more aggressive. This is a significant target if the wedge breaks to the upside.
Volume Analysis:
The volume seems to have been decreasing as the price has been moving within the wedge, which is common before a breakout. A surge in volume will be a strong confirmation of any potential breakout.
Indicators:
VMC Cipher_B Divergences: There are green dots visible at the bottom, indicating possible bullish divergences. These divergences suggest price momentum weakening on the downside, aligning with the falling wedge’s bullish potential.
RSL (Relative Strength Level): The current value is 38.54, below the neutral 50 mark, which indicates bearish momentum. However, it's near the oversold territory, and any uptick from here could support a reversal.
Stochastic RSI: At 5.65/8.79, indicating that the asset is in an oversold condition. This adds to the potential for a bullish reversal once the stochastic begins to turn upwards.
HMA+ Histogram: The current histogram shows a shift toward a neutral or slightly bullish sentiment. The transition from red to green would be a strong indicator to enter long positions.
Time and Potential Breakout Catalyst:
There is a clock icon indicating a potential timing window, which may suggest that the breakout could be imminent. The combination of indicators and the falling wedge pattern suggests that a bullish move could be expected soon.
Trading Plan:
Long Scenario:
Entry Point: A breakout above the wedge's resistance line and a confirmation above $0.01365 with a strong increase in volume.
First Target: $0.01528 (immediate resistance level). This would likely be a conservative target as it corresponds to previous highs and the upper boundary of the range.
Second Target: If the momentum continues strongly, the price could test the next level near $0.01600.
Stop Loss: Place a stop loss below the current support at around $0.01250, to limit downside risk in case of a false breakout.
Short Scenario (Alternative if Breakout Fails):
Entry Point: If price breaks down below $0.01287 and volume increases on the downside.
Target: Look for a decline towards $0.01200, which is a psychological round number and could act as support in a bearish scenario.
Stop Loss: Above $0.01350, as a recovery above this level could negate the bearish breakdown.
Risk Management:
Risk no more than 1-2% of your trading capital per trade.
Wait for clear confirmations such as volume spikes or candlestick pattern validation before entering trades.
Harmony (ONE) is showing signs of potential bullish reversal with the falling wedge pattern supported by multiple indicators pointing towards oversold conditions. However, waiting for a breakout confirmation is essential before entering long positions. Proper risk management and trade discipline should be applied to navigate potential volatility.
HelenP. I Bitcoin can continue to gorw inside upward channelHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to support 1, which coincided with the support zone and then started to decline. In a short time, BTC fell to support 2, which coincided with one more support zone and some time traded inside. Then, BTC tried to grow, but failed and dropped to the trend line, breaking support 2. After this, the price started to grow inside the upward channel, where it soon broke the 2nd support level again, made the correction, and later rose to support 1. When BTC reached this level, it broke it and rose to the channel's resistance line. After which price turned around and made a small correction to the support zone and then continued to move up in an upward channel. But a not long time ago price almost fell to the trend line, therefore I expect that BTCUSDT will decline a little more, and then continue to grow, thereby making a fake breakout of the channel. That's why I set my goal at 71400 points. If you like my analytics you may support me with your like/comment ❤️
GOATSEUS MAXIMUS - CONSOLIDATION BEFORE EXPLOSION TO THE TOP 100Technical Analysis for GOATSEUS MAXIMUS (GOATUSDT) + TRADE PLAN
Overview and Price Movement:
Current Price: $0.3180 (according to the chart).
Price Range: The price has fluctuated between a low of $0.2571 and a high of $0.3800 within the observed time frame.
Volume: Significant trading volume is noted, with a recent surge reaching 6.703M, suggesting rising interest and liquidity.
Descending Trading Channel:
The chart shows a descending trading channel, with price consistently testing the lower and upper bounds.
Resistance Level: The upper trendline of the descending channel represents a resistance level where the price has struggled to break through.
Support Level: The lower boundary of the descending channel serves as a support level, and the price has bounced back multiple times from this level.
Breakout Potential:
There is an indication of a potential breakout. The price has recently tested the upper trendline and is approaching a critical resistance level. The illustrated expectation suggests that the price may break out of the channel.
Time-sensitive breakout: The chart suggests that a breakout might occur shortly, as highlighted by the visual cues (alarm clock).
Indicators Analysis:
VMC Cipher B: Displays divergences, which are often early signals of potential trend reversals. In this case, the indicator suggests a weakening downward momentum.
RSI: Currently at 49.61, which indicates a neutral zone. It implies that the asset is neither overbought nor oversold, giving room for potential upward momentum after a breakout.
Stochastic RSI: Currently at 22.83, which is in the oversold zone. This reinforces the potential for a bullish reversal in the near term.
Hull Moving Average (HMA): The HMA is smoothing out the price movements, but its current position supports the possibility of a breakout from the channel in the next few candles.
Trading Plan for GOATUSDT
Entry Strategy:
Aggressive Entry: Enter at the current price ($0.3180) with the expectation of a breakout. This strategy capitalizes on momentum.
Conservative Entry: Wait for a confirmed breakout above the resistance level of the descending channel (around $0.3800) with a 4-hour candle close above this level.
Stop-Loss Placement:
Place a stop-loss below the support level of the descending channel (around $0.2570), as a breakdown below this level would invalidate the bullish thesis.
A tight stop-loss can be placed at around $0.2900 to manage risk more conservatively in case of a false breakout.
Profit Targets:
First target: If the breakout occurs, aim for the first profit target near $0.5000, as psychological resistance tends to form around these round figures.
Second target: A more extended target can be placed around $0.7000, which could be reached in a strong bullish continuation.
Risk Management:
Risk no more than 1-2% of your capital on this trade to ensure proper risk management.
Adjust the position size according to the stop-loss and entry level.
Time Horizon:
Short to medium term, with a breakout expected within the next few trading sessions (as highlighted by the chart's time-sensitive breakout indicator).
Continuously monitor the chart for any invalidations of the descending channel breakout.
Potential Risks:
False breakout: Be cautious of a possible fake breakout where the price might briefly cross above resistance but then fall back into the channel.
Market Sentiment:
Cryptocurrency markets can be volatile, and any broader market movements (such as Bitcoin price changes) could impact this analysis.
Conclusion:
The GOATSEUS MAXIMUS (GOATUSDT) price is positioned at a potential breakout zone, with several indicators showing early signs of a reversal. A well-structured trading plan that includes careful risk management and flexible profit targets is essential to maximize the potential of this trade. Always consider broader market conditions and adjust the plan accordingly.
BITCOIN ON ITS WAY UP TO ATH. TECHNICAL ANALYSIS + TRADE PLAN Technical Analysis + TRADE PLAN by Blaž Fabjan.
The image highlights an ascending triangle pattern. This is generally a bullish continuation pattern, especially if formed after an uptrend (as indicated in the chart).
The price is consolidating near the resistance level, and a breakout is expected.
Resistance and Support Levels:
Resistance at $73,655.67: This is the key area the price needs to break above for a significant upward move.
Support levels are marked at $68,556.87 and lower at $66,333.98.
Price is currently hovering around $69,000.
Indicators:
VMC Cipher B: There are divergence signals, which often hint at potential reversals or strong continuation. The current setting shows a neutral position, but the past few signals indicate potential upward momentum.
RSI (14): Currently at 67.42, close to the overbought zone (70). This suggests momentum but also indicates that caution should be exercised as it approaches overbought conditions.
Stochastic RSI (14): Shows a reading of 72.43, also close to the overbought region. This is a confirming signal for potential bullishness but requires monitoring to avoid overextension.
HMA Histogram: Shows bullish momentum (green) but with signs of weakening. This is typical before a breakout but worth monitoring.
Volume:
The volume remains neutral but could spike during the breakout above the resistance zone, further confirming the pattern.
Trading Plan:
Entry Strategy:
Aggressive traders: Could consider entering a long position now, given the ascending triangle pattern and anticipation of a breakout.
Conservative traders: Wait for a clear breakout above the resistance level at $73,655.67, confirmed by higher volume. Enter long on a retest of this breakout zone.
Stop-Loss Placement:
Place the stop-loss just below the support level at $68,556.87, or slightly lower to $66,333.98 for more conservative risk management.
This will protect against any false breakout or trend reversal.
Target Levels:
First target: $74,000-$75,000 region (as indicated in the image by the upper blue line). This would correspond with a clean breakout.
Second target: If momentum continues, aim for $78,000 - $80,000, which is the next major psychological resistance level.
Risk-Reward Ratio:
Ideally, maintain a risk-reward ratio of 1:3 or higher. For example, risking 1,000 points for a potential reward of 3,000 points, depending on your entry and stop-loss placements.
Exit Strategy:
Partial Profit-Taking: Consider taking partial profits at the first target to lock in gains, moving the stop-loss to breakeven to secure the trade.
Full Exit: Close the position if price action significantly retraces back into the triangle or breaks below support zones.
If the trade reaches the second target zone ($78,000-$80,000), consider a full exit.
Risk Management:
Limit the position size to avoid overexposure. Risk no more than 2-3% of your portfolio per trade.
Use trailing stops to capture more profit as the price moves in your favor.
Market Sentiment and Confirmation:
The ascending triangle and technical indicators are leaning bullish. However, confirming volume on the breakout is essential to avoid false breakouts.
Global economic factors and BTC news should also be considered for additional confirmation, particularly around major support/resistance levels.
By following this trading plan and being mindful of the market conditions, you can take advantage of a potential bullish breakout while maintaining proper risk management.
usdt , usdt dominance, usdt.d Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain.
HelenP. I Bitcoin will fall to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price declined almost to support 2 but soon turned around and started to grow. In a short time, BTC rose to support 1, which coincided with the current support zone, and some time traded near, after which it dropped to support 2. When the price fell, it broke the 62000 support level and some time traded below, after which it quickly rose back and trades higher. Later price broke support 2 again and fell to the trend line, after which it turned around and started to move up. Soon, the price reached support 2, broke it, and then made a correction to the trend line, after which rebounded and continued to move up. Later BTC reached support 1, broke it, and rose one more, but a not long time ago it turned around and started to decline. So, in my mind, BTCUSDT will fall to the trend line, which is located inside the support zone, and then continue to move up. For this case, I set my goal at 69000 points. If you like my analytics you may support me with your like/comment ❤️
BTC: MACD Signals Aligning for a Potential Buying OpportunityLooking at several factors in parallel, BTC’s MACD is showing promising signs. The fast-moving average has started to curl up, suggesting a possible bullish cross above the slower line—typically a strong buy signal. The histogram has also been in the red for several weeks but is now curling upward, and we could be looking at our first green week.
However, the lack of a significant volume increase means there’s no clear confirmation of a trend reversal just yet, and we aren’t seeing the momentum required for new higher highs or all-time highs. But if these signals continue to align, this could turn into a fantastic buying opportunity.
The question is: will you take buying or selling actions based on these signals?
LTC: Leading the Market with Doge, But Awaiting a Key BreakoutLTC is showing strong performance compared to many other coins in the market, with Doge following a similar trend. In the purple box, we can clearly see a breakout from the short-term trendline, signaling some positive momentum. However, for a full trend reversal, we need a decisive break of the longer yellow trendline, which may take more time.
The Hurst cycles at the bottom (illustrated by the semicircles) show that LTC’s up-and-down movement is following a consistent pulse. If we do see a break of the upper yellow trendline, the next target could be marginally new all-time highs, though that won’t likely happen for some time yet.
XRP – 15-Min Time Frame Breakout SetupI'm currently watching XRP on the 15-minute timeframe as it approaches the pink resistance level. If we get a breakout above this resistance, my target will be the grey zone, which I’ve identified as a resistance level for potential profit-taking.
Strategy: I’ll monitor the price action closely. Once the breakout is confirmed, I’ll aim for the grey zone as my next target to reduce the position or take profit.
BITCOIN - Price can make correction and then continue to riseHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to wedge, where it at once declined from resistance line to support line.
Also, it broke $58900 level, but later BTC backed up and broke this level one more time, after which made a correction.
Then price in a short time rose to $65800 level, and even entered to support area, but then bounced down.
Price exited from wedge and then started to trades inside triangle, where it fell to support line first.
After this movement, BTC started to grow and soon reached $65800 level, broke it, and now trades close support line.
Possible, price can exit from triangle, fall to support area, and then bounce up to $71500
If this post is useful to you, you can support me with like/boost and advice in comments❤️
The Coin Market is Different from the Stock Market
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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The coin market discloses a lot of information compared to the stock market.
Among them, it discloses the flow of funds.
Most of the funds in the coin market are flowing in through USDT, and it can be said that it currently manages the largest amount of funds.
Therefore, unlike the stock market, individual investors can also roughly know the flow of funds.
Therefore, you can see that it is more transparent than other investment markets.
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USDT continues to update its ATH.
You can see that funds are continuously flowing into the coin market through USDT.
USDC has been falling since July 22 and has not yet recovered.
The important support and resistance level of USDC is 26.525B.
Therefore, if it is maintained above 26.525B, I think there is a high possibility that funds will flow in.
If you look at the fund size of USDT and USDC, you can see that USDT is more than twice as high.
Therefore, it can be said that USDT is the fund that has a big influence on the coin market.
USDC is likely to be composed of US funds.
Therefore, if more funds flow in through USDC, I think the coin market is likely to develop into a clearer investment market.
But it is not all good.
This is because the more the coin market develops into a clearer investment market, the more likely it is to be affected by the existing investment market, that is, the watch market.
This is because large investment companies are working to link the coin market with the coin market in order to make the coin market an investment product that they can operate.
In order for the coin market to be swayed by the coin-related investment product launched in the stock market, more funds must flow into the coin market through USDC.
Otherwise, it is highly likely that it will eventually be swayed by the flow of USDT funds.
Therefore, USDC is likely to have a short-term influence on the coin market at present.
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As mentioned above, the most important thing in the investment market is the flow of funds.
The flow of funds in the coin market can be seen as maintaining an upward trend.
Therefore, there are more and more people who say that there are signs of a major bear market these days, but their position seems to be judging the situation from a global perspective and political perspective.
As mentioned above, the funds that still dominate the coin market are USDT funds, which are an unspecified number of funds.
Therefore, I think that the coin market should not be predicted based on global perspectives and political situations.
The start of the major bear market in the coin market is when USDT starts to show a gap downtrend.
Until then, I dare say that the coin market is likely to maintain its current uptrend.
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(BTCUSDT 1D chart)
The StochRSI indicator is approaching its highest point (100), and the uptrend is reaching its peak.
Accordingly, the pressure to decline will increase over time.
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(1W chart)
The StochRSI indicator is also in the overbought zone on the 1W chart.
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(1M chart)
On the 1M chart, the StochRSI indicator is showing signs of entering the overbought zone, but it is not expected to enter the oversold zone due to the current rise.
The movement of the 1M chart should be checked again when a new candle is created.
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You can see that the StochRSI indicator on the 1M chart is the most unusual among the three charts above.
In the finger area on the 1M chart, the StochRSI indicator was in the overbought zone, but it is currently showing signs of entering the oversold zone.
Therefore, you can see that the current movement is different from the past movement.
Therefore, I think it is not right to predict the current flow by substituting past dates.
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I wrote down my thoughts on the recent comments from famous people who say that the coin market will enter a major bear market along with the stock market.
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Have a good time. Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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$USDT Dominance BREAKS OUT of 232 Day Parallel ChannelCRYPTOCAP:USDT Dominance has broken out and Closed below its 232 Day Parallel Channel.
Expecting a test on the 200DMA.
Once that breaks, and we get the Death-Cross, CRYPTO GOES PARABOLIC
I’ll post a full breakdown of the Weekly Close on Sunday.
End of cycle target will be 2.5%
HelenP. I Bitcoin can make retest and then continue to growHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago BTC dropped lower than support 2, which coincided with the support zone, but soon turned around and made a strong impulse up. BTC reached support 1 and then some time traded near, even entering to one more support zone. Later, when the price entered the support zone a third try, it broke support 1 and rose until to the trend line, after which turned around and dropped to support 2, breaking support 1 again. Also, the price started to trades inside consolidation, where it some time traded near support 2 and then rose to support 1. But then BTC at once dropped to the support zone, after which it turned around and made a strong impulse up, breaking support 1 and exiting from consolidation. Also, it broke the trend line recently, and now continues to move up, so, I expect that BTCUSDT will make a retest of the trend line and then continue to grow. For this case, I set my goal at 66400 points. If you like my analytics you may support me with your like/comment ❤️
Harmony one is going up! Technical analysis + trade plan by BFChart Overview
Timeframe: 4-hour (Binance Exchange)
Price as of Analysis: $0.01346
Volume: 3.744 million ONE
Formation: Falling Wedge pattern
Chart Patterns and Indicators:
Falling Wedge:
A falling wedge pattern is typically a bullish reversal pattern, indicating that the current downward trend is weakening and a potential breakout to the upside could follow.
The narrowing of price action shows a decline in both support and resistance levels, with lower highs and lower lows.
The breakout is anticipated above the wedge resistance, potentially marking the beginning of an uptrend.
The VMC Cipher B indicator is similar to the MACD and shows signs of bullish divergence, meaning that while the price has been declining, momentum is building for a potential reversal.
The RSI is hovering around 50.25, which is neutral but can indicate momentum is shifting. If RSI starts increasing above 55, it will confirm bullish momentum.
Stochastic Oscillator is currently at 35.30, this shows the asset is near the oversold zone but still in neutral territory. A move above 40 may confirm a bullish trend reversal.
The HMA histogram shows early signs of turning bullish as the color changes and bars are in the process of shifting positive.
Volume has decreased over the wedge formation, which is typical of such patterns. An increase in volume after the breakout will serve as confirmation for a stronger upward move.
Potential Price Targets:
Immediate Resistance: $0.01360 - This is the wedge resistance. A breakout above this level confirms the pattern.
First Target: $0.01550 - Based on previous price levels, this area is the next resistance once the breakout occurs.
Second Target: $0.01750 - This aligns with the previous significant high and could be a target after the first resistance.
Risk Factors:
Stop-Loss: It’s crucial to place a stop-loss below $0.01200 (below the previous support levels) to manage risk in case of a false breakout.
Volume Confirmation: Ensure that the breakout occurs with significant volume, as low-volume breakouts may lead to a reversal back into the wedge.
Trading Plan
1. Entry:
Enter a long position after a confirmed breakout above the $0.01360 resistance with strong volume confirmation. A 4-hour candle close above this level should confirm the breakout.
2. Stop-Loss:
Place a stop-loss slightly below $0.01200 to manage the downside risk in case the falling wedge pattern fails and the price reverses.
3. Profit Targets:
First Target: Set a take-profit around $0.01550 to capture the first major move after the breakout.
Second Target: For those with a higher risk appetite, target $0.01750, which aligns with the next resistance.
4. Position Size:
Risk only 1-2% of your trading capital on this trade. Given the potential volatility and the falling wedge pattern, it's essential to manage position size conservatively.
5. Monitoring:
Keep an eye on the volume and the RSI/Stochastic Oscillator. If RSI rises above 55 and Stochastic confirms the upward movement, the breakout should gain more strength.
Monitor for any potential fake breakouts. If the price fails to close above the resistance on the 4-hour chart, consider delaying the entry until clear confirmation is given.
The Harmony (ONE/USDT) chart is showing a potentially bullish falling wedge formation, indicating that a reversal from the recent downtrend could occur soon. A breakout above $0.01360 with confirmed volume is crucial for confirming the uptrend. If confirmed, Harmony could target $0.01550 and $0.01750 in the near term, but it's important to employ tight risk management through proper stop-loss placement.
Goatseus Maximus NO.1 MEME FOR THIS BULLRUN (TA+TRADE PLAN)TECHNICAL ANALYSIS + TRADE PLAN BY BLAŽ FABJAN
WHY GOATSEUS MAXIMUS IS THE NO.1 MEMECOIN OF THIS BULLRUN:
🚀🚀 GOATSEUS MAXIMUS IS THE NEXT MEMECOIN MOONSHOT! 🚀🚀
Massive Hype: With a loyal community backing and meme-driven momentum, Goatseus Maximus is poised to take over the meme-coin space!
Bullish Sentiment: The charts don’t lie! All technical indicators are showing a solid upward trend, making it the perfect time to jump in and ride the wave to MAXIMUM PROFITS!
Potential for Explosive Gains: At just $0.2375, this memecoin is undervalued but ready to explode with the next wave of FOMO. Get in before it’s too late!
Market Pair: GOATUSDT (BitMart Exchange)
Price Action: Goatseus Maximus (GOATUSDT) is currently trading at $0.2375, experiencing an 8.34% drop from a recent high of $0.2997.
Volume: 289.336K USDT, signaling a potential increase in interest.
Price Pattern:
An upward trading channel is forming on the 4-hour chart. The price is bouncing between support and resistance within this channel, with clear upward momentum indicating the possibility of a breakout. The candlesticks suggest higher lows, indicating bullish sentiment is gradually building up.
Price Projections:
Immediate Resistance: $0.300 (key psychological and technical level)
Support Level: $0.200 (within the lower bounds of the trading channel)
Upside Targets: Should the breakout occur, the next target price could be $0.400 - $0.450, as indicated by the overall upward trajectory in the trading channel.
Trading Plan:
Entry Strategy:
Consider entering a long position at $0.240 - $0.250 range, ensuring the price stays within the bullish channel.
Place stop-loss below the $0.200 support level to protect against sudden market downturns.
Profit Targets:
First Take-Profit (TP1): $0.300, capturing gains at the upper resistance of the current channel.
Second Take-Profit (TP2): $0.400 - $0.450, based on expected bullish breakout beyond the channel, leveraging strong momentum.
Risk Management:
Risk no more than 5% of your capital on this trade.
Maintain a 1:3 risk-reward ratio, meaning for every $1 risked, expect $3 in profit if the trade plays out as anticipated.
Prepare for an epic ride to the moon! 🌕
KASPA IS GOING UP SOON! TA + TRADE PLAN BY BFSymmetrical Triangle Pattern:
In the image, a symmetrical triangle has formed on the KAS/USD chart, indicating a period of consolidation. This pattern suggests that neither the bulls nor the bears are in control, and a breakout could occur in either direction.
Resistance is shown as the upper trendline, which has seen multiple rejections of price moving higher.
Support is established by the lower trendline, providing a floor for price movements.
Price Action:
The current price is hovering near the lower support of the triangle ($0.135) after testing the resistance level.
A bounce from this level could push the price towards the upper boundary of the triangle.
Once price consolidates further within the triangle, a breakout is expected.
Indicators:
VMC Cipher B (Volatility and Momentum): Shows that momentum has been fluctuating within this consolidation period. The indicator reveals divergences, which could signal potential reversals or trend continuations.
RSI (Relative Strength Index): Currently around 45, suggesting the market is in a neutral state. There is no immediate overbought or oversold signal, which aligns with the symmetrical triangle's nature.
Stochastic Oscillator: The Stochastic (shown in the lower panel) is just emerging from oversold conditions, indicating the possibility of an upward movement, aligning with the expectation of a potential upward breakout.
Volume Analysis:
Though volume data is not provided in the chart, typically, symmetrical triangles see decreasing volume during consolidation and a spike in volume at the breakout.
Professional Trading Plan
Entry Strategy:
Aggressive Entry: Buy near the lower trendline support (~$0.130 - $0.135). This provides an optimal risk-reward setup, as the price could potentially rebound from this area.
Conservative Entry: Wait for a confirmed breakout from the triangle's resistance or support with increased volume. If the price breaks above $0.140 with strong momentum, initiate a long position. For bearish confirmation, if it breaks below $0.125, consider shorting.
Exit Strategy:
Profit Target for Bullish Breakout: Measure the height of the triangle and project that onto the breakout point. The expected upward price target is approximately $0.155 to $0.160.
Profit Target for Bearish Breakout: If the triangle breaks downward, a short position target could be $0.120 to $0.115.
Stop Loss:
For a Long Position: Place a stop loss slightly below the support trendline (around $0.125). This minimizes risk if the price breaks below the triangle.
For a Short Position: Place a stop loss slightly above the resistance trendline (around $0.142). This minimizes risk if the price breaks upward unexpectedly.
Risk Management:
Always keep a risk-reward ratio of at least 1:2. Risking 1% of your capital should aim to generate a 2% or higher return.
Adjust position sizes according to account size and overall risk tolerance.
Monitoring:
Keep an eye on the RSI and Stochastic Oscillator for further confirmation of price movement.
Volume is critical; a breakout without volume may lead to false signals.
Regularly monitor any news events or major market movements that could impact cryptocurrency sentiment.
Conclusion:
Bullish Scenario: If KAS/USD successfully breaks through the resistance line, there is strong potential for a continuation to the $0.155 range.
Bearish Scenario: If the support breaks, a downward move towards $0.120 is possible.
This trading plan provides a structured approach, balancing risk and reward effectively while following the chart's technical setup.
Bitcoin is going up, short consolidation phase TA+TRADE PLANBitcoin's price action against USDT on a 1-hour timeframe with several technical indicators and key levels. Here is my technical analysis + trade plan by Blaž Fabjan
Ascending & Descending Trading Channels:
The price is moving between ascending and descending channels. This can indicate phases of higher highs and higher lows (ascending) followed by lower highs and lower lows (descending), which often signals periods of short-term consolidation or corrections.
Resistance Levels:
Multiple resistances are clearly marked on the chart around the price of $68,556.87 and $67,000. The price has struggled to break above these levels multiple times, making it a critical zone to watch for future price action.
Support Levels:
Support is visible around $61,758.48 and $60,301.68, representing strong areas where the price previously rebounded. These levels are essential for managing downside risk.
Consolidation Phase:
The price appears to be consolidating after rejecting the upper resistance line. This phase suggests market indecision or preparation for a breakout.
VMC Cipher_B Divergences:
Divergences in this indicator show potential weakening of the bullish trend, which could signal a pullback. The green and red dots suggest possible points of reversal, important for catching trend changes.
RSI (Relative Strength Index):
RSI is at 52.96, indicating the market is neutral but slightly leaning toward the bullish side. If RSI breaks above 70, this could signal overbought conditions, while a drop below 30 would indicate oversold.
Stochastic Oscillator:
Currently in the oversold region (18.22), indicating a possible upward reversal soon. This could hint at a short-term bullish move.
HMA (Hull Moving Average) Histogram:
The HMA is showing a mixed trend, but the upward slope hints at mild bullish momentum that needs confirmation from price action or volume spikes.
Trading Plan
Entry Points:
Long Position: Look for a breakout above $67,000 or $68,556.87, especially with strong volume confirming the upward move. You could set a buy stop order slightly above these levels to capture the momentum.
Short Position: If the price rejects resistance and breaks below $64,500 (the recent low), this could indicate a further decline toward support levels around $61,758.48 or lower.
Stop-Loss:
For long trades, place stop-losses just below $64,500 to minimize risk in case of a fake breakout or false bullish signal.
For short trades, place stop-losses above $67,000, as a break above this could invalidate the bearish trend.
Profit Targets:
Upside Targets: First target is around $70,000 (a psychological round number and historical resistance), followed by $71,000.
Downside Targets: The initial target for a short would be $61,758.48. A break below could see prices test $60,301.68, the lower boundary of this channel.
Risk-Reward Ratio:
Ensure that any trade maintains a risk-reward ratio of at least 1:2. For instance, if you risk $1,000, you should aim for a reward of $2,000.
Additional Confirmation:
Wait for additional signals, such as volume spikes or confirmation from indicators like RSI or Stochastic, before entering a position. The market could continue to consolidate before choosing a direction.
Time Horizon:
Given that this is an hourly chart, these trades are more suited for short-term to medium-term traders. Ensure to adjust your stops and targets as the market evolves, and check for any upcoming fundamental events (like economic news or regulatory updates) that could impact Bitcoin's price.
By following this plan, you can manage your trades effectively, balancing risk and reward while being prepared for both bullish and bearish scenarios.