LT DISCLAIMER : I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only.
H4 - Bullish trend pattern followed by a pullback Until the two strong support zones hold my short term view remains bullish here.
Trade Analysis & Setup: MOVE/USDT (4H Chart) Key Observations: Breakout from a Downtrend Channel ? The price was in a descending channel, forming lower highs and lower lows. A strong breakout above the channel and trendline resistance has occurred. Volume spike supports the breakout, indicating strong buying pressure. Support and Resistance Levels: Support Zone: Around 0.67 - 0.70 USDT (previous resistance turned support). Next Resistance: 0.88 - 0.93 USDT (marked as a potential target zone). Retest & Confirmation Price is likely to retest the breakout zone (~0.70 - 0.74 USDT) before continuation. A successful retest with bullish confirmation would signal an entry opportunity. Volume & RSI: Volume Surge: Bullish confirmation of breakout. RSI Rising: Approaching overbought but still has room for continuation. Trade Setup: ? Long (Buy) Setup: Entry: $0.72 - $0.75 (on retest of the breakout) Stop Loss: Below $0.67 (to invalidate breakout) Take Profit Targets: TP1: $0.83 (previous resistance) TP2: $0.90 - $0.93 (major resistance area) ? Bearish Scenario (Invalidation): If price falls back into the channel and closes below $0.67, the breakout would be invalid. Potential drop towards $0.59 - $0.63 if the retest fails. Final Thoughts: ✅ Bullish breakout confirmed with strong volume and trendline break. ⏳ Waiting for retest around $0.72 - $0.74 for an optimal long entry. ? Risk Management: Place stop-loss below $0.67 to avoid fakeouts. Would you like me to format this into a social media-ready post with hashtags? ??
The 350 pip rally for the past 2 weeks seems like a trend reversal for EUR/USD, with buyers back in control. The strong bullish momentum is also confirmed by the Golden Cross, a historic buy signal. Corrections are healthy for the trend and we currently looking at one. For the past couple of days, the EUR lost 100 pips and its now reaching towards the 60 period MA. Should we see another 30 pips drop, the price will align with the critical 38.2% Fibonacci retracement, which often acts as a solid support. We would prefer to enter a buy order at 30 pips below the current market price, because this will secure a better risk to reward ratio and entering at the expected bottom of the correction also reduces the potential drawdown.
@Sonic has been abandoned by the market, market maker and team in terms of pricing and therefore has acted completely bearish, even in the positive parts of the market and the positive signals issued by the indicators, #Sonic still failed to grow and falls with the slightest event. According to the Sonic team's opinion and conclusion to support the price, this trend will change soon and I think we will see the price increase according to the green line. #S #FTM #FANTOM
Possible double correction in progress, looking for more upside as long as current lows hold
On the 6‐hour BTC/USD chart, price action has been trading within a clearly defined descending channel (shown by the dotted diagonal lines). Within this channel, we see lower highs and lower lows forming, which suggests a short‐term downtrend. Meanwhile, the blue moving average (MA) line in the middle of the chart is acting as a dynamic support/resistance zone. 1. Downward Channel: - The upper boundary (yellow dotted line) has repeatedly capped rallies. Each time price moves up to test that upper trendline, sellers have stepped in. - The lower boundary (blue dotted line) has provided support on dips, and it remains a potential bounce area if price continues to weaken. 2. Moving Average (MA) Confluence: - The MA (in blue) is slightly above current price, indicating that short‐term momentum is somewhat bearish. If price can break and hold above this MA, we could see bullish momentum return. - Conversely, failing to break above the MA may lead to further downside toward the lower channel boundary. 3. Support and Resistance Zones: - Horizontal Resistance: Around 103,800–105,000 (the red dotted line in the chart area) has acted as a price ceiling recently. - Horizontal Support: Near 101,000–102,000 (just under the current price) could provide a short‐term floor. If that fails, the next key support zone sits around 92,000–95,000, which aligns with the lower channel boundary. Potential Scenarios 1. Bullish Breakout - Trigger: A strong 6‐hour close above the descending channel’s upper trendline and the moving average. - Upside Targets: Initially aiming for the recent local highs around 105,000, then possibly extending to 106,500–108,000. - Stop Loss Placement: Just below the channel breakout point or under a recent swing low, whichever is more comfortable for your risk tolerance. 2. Channel Continuation / Bearish Move - Trigger: Price rejects the moving average or upper boundary and fails to hold the 101,000–102,000 support. - Downside Targets: The lower channel line around 92,000–95,000. Traders may watch for a bounce here if the overall trend remains intact or if buying volume returns. - Stop Loss Placement: Just above the most recent swing high or above the upper trendline to limit loss if the market surprises to the upside. - Trend Identification: Noting the lower highs and lower lows, I see a short‐term downtrend on the 6‐hour timeframe. - Key Levels: Marking horizontal supports/resistances and channel boundaries gives me concrete areas to watch for bullish or bearish confirmations. - Risk Management: Because crypto markets can be volatile, stops placed just beyond clear technical levels help protect against false breakouts or unexpected reversals. - Trade Confirmation: I like to wait for volume and a confirmed close (e.g., a 6‐hour candle close) to confirm breakouts or breakdowns, rather than relying solely on intra‐candle wicks. Overall, BTC appears to be in a short‐term downtrend within a descending channel on this timeframe. A decisive move above the channel and the moving average could signal a bullish breakout toward 105,000+ levels, while failure to hold current support may push price down to test the lower boundary near 92,000–95,000. As always, traders should set clear profit‐taking levels and stop losses to manage risk in either scenario. (This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk appropriately.)
Besonderheit in meiner Elliott-Wellen-Zählung Wer meine Elliott-Wellen-Analysen verfolgt, wird hier eine ungewöhnliche Konstellation bemerken: In der aktuellen ABC-Welle ließ sich Welle B nur schwer sauber ausmessen. Erst in der vorliegenden Variante, mit einer überziehenden Welle 2 (gelber Kreis) innerhalb der Welle C, wurde Welle B im Chart sozusagen „verlängert“. Zieht man das 100 %-Fibonacci-Retracement der Welle A zur Bestimmung der Welle C heran, landet man bei etwa 3,06 USD, wo sich der Kurs aktuell befindet. Das passt sowohl zu einer potenziellen Trendwende in eine Aufwärtsbewegung als auch zu den Signalen verschiedener Indikatoren, welche einen möglichen Richtungswechsel andeuten. Außerdem notiert der Kurs genau auf einer wichtigen grünen Linie im Chart – in höheren Zeitebenen ein signifikanter Bereich für das Drehen in eine Welle 5. Die beiden markierten Keile sind nach wie vor aktiv. Fällt der Kurs jedoch weiter steigt die Wahrscheinlichkeit für eine Abwärtsbewegung, zumindest eine Erholung sollte aber demnächst folgen.
Supportzone im Fokus Dieser Chart zeigt zur besseren Übersicht die Supportzone, in der sich der Kurs aktuell befindet. Rückblickend war dieser Bereich zuvor ein Widerstand, der mehrfach von unten angelaufen und schließlich durchbrochen wurde. Jetzt erfolgt der Test von oben als Unterstützung, was im Chartverlauf deutlich zu erkennen ist.
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