BTC had really good rally so far and looks cooling down and printing bearish RSI divergence in 1D chart. I feel early next week it may retest ATH (even break above for a brief) grab liquidity and RSI will create lower high. It will trap liquidity and start downward trend and chances of having deep pull back to 73k and consolidate. BTC dominance might reach around 59%. This all happens before Trump's inauguration. FOMC meeting coming next week, expect some volatility. Be cautious for next few days. This will invalidate if we have weekly close above ATH with good volume.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Currently, the price is consolidating between support at $0.8313 and resistance at $1.1354. During the recent correction, the support level was held, signaling bullish sentiment among buyers. It’s worth considering opening a position from the current levels, whether for spot trading or a swing position on futures (with low leverage and a small percentage of your deposit). For those concerned about potential drawdowns, reversal levels are highlighted where additional entries can be made if needed. Here are my parameters: Entry Point (EP): Current price Take Profit (TP): $1.6450, $1.9204, $2.2746 Stop Loss (SL): $0.7923
3.5 year Cup with handle, currently at neckline. Target 1500pc mid-2025.
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We are in a good place to resume and make a reentry of the previous trade (see related publications). This one is somewhat shorter because it is also riskier. We will close it when the 2-hour or 4-hour timeframe gives us an exit pattern tomorrow. Target: 0.0000001850 (close - 1 day)
I spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Luna ( BINANCE:LUNAUSDT ): 8-Hour Chart Analysis for Strategic Trade Setup Trade Setup: - Entry Price: $0.5451 - Stop-Loss: $0.3728 - Take-Profit Targets: - TP1: $0.9479 - TP2: $1.3018 Fundamental Analysis: Luna ( BINANCE:LUNAUSDT ) continues to be a significant player in the DeFi ecosystem despite its historical challenges. The network's commitment to rebuilding its ecosystem and expanding partnerships has drawn attention back to the token. The recent upgrades to its Terra blockchain aim to enhance scalability and adoption among developers. Technical Analysis (8-Hour Chart): - Current Price: $0.5525 - Moving Averages: - 50-EMA: $0.5000 - 200-EMA: $0.4800 - Relative Strength Index (RSI): Currently at 60, indicating growing bullish momentum. - Support and Resistance Levels: - Immediate Support: $0.5000 - Resistance: $0.6000 The 8-hour chart reveals a breakout from a descending triangle pattern, signalling potential for a strong upward movement. The take-profit targets align with Fibonacci extensions, providing logical levels for scaling out of the position. Market Sentiment: LUNA has seen increasing trading volumes, reflecting renewed interest in the project. Recent announcements around ecosystem developments and strategic partnerships have boosted confidence among traders. Risk Management: A stop-loss at $0.3728 ensures limited downside risk, while TP1 and TP2 offer impressive reward potentials of approximately 73% and 139%, respectively. Discipline in executing this trade is crucial, given the token's volatility. Key Takeaways: - LUNA’s breakout signals a potential bullish continuation. - Strong risk-to-reward ratio for both scalpers and swing traders. - Strict adherence to stop-loss and target levels is necessary. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
After reaching a local high, the price retraced and moved into a correction phase. During this correction, the support level at $0.003183 was held, indicating bullish sentiment among buyers. It’s worth considering opening a position from the current levels, whether for spot trading or a swing position on futures (with low leverage and a small percentage of your deposit). For those concerned about drawdowns, positions can also be accumulated or added from the support level at $0.003183. Here are my parameters: Entry Point (EP): Current price Take Profit (TP): $0.005553, $0.006426, $0.007446 Stop Loss (SL): $0.002587 But remember: your money — your responsibility! P.S.: I'm aware of the additional zeroes after the decimal; they’ve been omitted for simplicity. All levels are shown on the chart! DYOR.
i believe we are still in an abc correction on ltc i will know if this plays out as long as we dont go over the top of b wave. possible short opportunity, do to all the hype and new money piling in i believe we will see a c wave down and then take off, the market looks over bought in the short term. thanks for your support
It is in an ascending channel on the one-hour timeframe. On the daily timeframe, there is a very strong support trend line, which has a very strong and fast reaction every time it approaches this trend line. You can use this trendline for a long position by confirming a candlestick