Looking for a golden cross after a bullish retest of a .43 s/r area.
Parallel channel intersecting with a long term negative 0.618 here (soon)
An in-depth visual comparison of the performance of popular memecoins over the last few days. This chart tracks the price movements and volatility of various assets such as FWOGSOL, GIGASOL, PEPEUSD, and more, highlighting the highs and lows of this speculative market segment. Perfect for traders and enthusiasts analyzing trends in the memecoin ecosystem. Which one stands out as the leader, and which ones are lagging behind? Dive into the data and share your insights!
$AEVO/USDT Rounding Bottom is being formed on weekly? Be ready for a rally once accumulation is over? ✔️1 Target Zone: 0.9575$ ✔️2 Target Zone: 2.7400$
Key Observations: 1. Trade Progress: • The price has moved significantly in your favor, reaching Target 1 at 21,582.04 and continuing upward toward the higher target at 21,939.56. • The current price is at 21,825.54, showing strong bullish momentum. 2. Updated Elements: • Profit Metrics: The trade has generated 445.38 USD in profit (based on the updated lot size and risk percentage shown in the position calculator). • The 4-hour bearish order block (OB) has been respected so far, with no major reversals threatening the trade. 3. Risk Management: • The note on the chart (“Narrow stop for any added positions”) suggests you’re managing risk effectively for scaling into the trade while locking in profits on the original position. 4. Key Levels: • Entry Zone: 21,235.54 remains valid. • Stop-Loss: Still set at 21,186.05, providing protection. • Fibonacci 50% Retracement: The bounce from this level was accurate, reinforcing your initial analysis. 5. Trading Psychology: (“Patience, react, don’t predict. If it isn’t in the press, it’s in the price”) reflects a disciplined trading mindset. Scaling In on a Retracement: 1. Retracement Zones: • Set pending buy orders at 21,700 and 21,582.04, where price may retrace. 2. Smaller Lot Size: • Use 50% of the initial lot size for added trades to minimize overall risk. 3. Entry Confirmation: • Look for bullish engulfing candles, wicks rejecting support levels, or price respecting the Fibonacci retracement (50% or 61.8%). 4. Stop-Loss Placement: • For the added position, place your SL just below the retracement zone: • If entry is 21,700, SL can be at 21,582.04. • If entry is 21,582.04, SL can be at 21,186.05. 5. Profit Targets for Added Positions: • First target: 21,939.56. • Final target: 22,130.78.
Why Aptos (APT) is currently falling? 1. Negative Sentiments: The market has low confidence in Aptos due to its inability to maintain price stability compared to its peers. 2. Token Supply Unlock: A major token unlock scheduled for January 11 will increase supply in the market, causing selling pressure. 3. Open Interest Decline: Reduced open interest indicates traders are closing positions, signaling weakening interest. 4. CEO Stepdown: Leadership changes often create uncertainty, leading to a lack of investor trust. 5. BTC's Bearish Influence: Bitcoin’s price drop has a ripple effect on altcoins, including APT. 6. Market Conditions: The overall cryptocurrency market remains volatile and bearish.
Before we proceed, you can check out my analysis on $BYBIT:ONDOUSDT.P. Alright, first let's refresh our minds that we are only counter trading for now, as we are still overall bearish. Either ways we are look to raid areas liquidities and inefficiencies. In the chart you can see I have identified my dealing range high and low of I used to identify my PD zones. You will prolly be wondering why I ignored the first and second areas of inefficiencies despite showing strong bullish reflections, but in the rule of things these levels appear within the premium zone which are not good areas to buy (we could make use of it to scalp if we have a IFVG lol). So we hunt for the next PD array which is the fair value gap close to the bullish order block and we seek to take profit at the point of the 4H -OB+SIBI level, but a tp level before that is the Buyside liquidity. P.S You could wait for price to respect the CE for entry. LEAVE A FOLLOW!
When we start counting the strong and memorable upward waves of Bitcoin from August's lowest price, where we saw a nice support reaction at $49,000, we witness one of the most beautiful phenomena in the financial markets on the chart. It's a stunning nested fractal that showcases a powerful five-wave upward movement, with the third wave standing out, and it itself has formed another self-similar five-wave fractal, for 4 times in a row! I can't emphasize enough how beautiful this part of the market is. The power of the upward waves, the neat and appealing corrections, the Fibonacci levels that comply with Elliott's rules, and the stunning reactions to significant static and dynamic levels—all of this creates an incredible visual. I can share this section of the Bitcoin chart many times in my classes to help enthusiasts understand the nested nature of market waves and gain greater mastery and appreciation for the beauty of the financial market. I've even tried to create a minimal drawing of this phenomenon on the chart with my limited drawing skills. Now, we see that all these fractals have closed at the price of $108,000, and there isn't an upward fractal that had started before touching the low at $49,000. The downward momentum from the $108,000 price indicates that we've completed a strong bullish period and are entering a new phase. The end of an upward movement doesn’t necessarily mean the beginning of a downturn, so I’m not setting any outlandish bearish targets. I always track the market step by step. This could be the start of a significant drop, or perhaps the price will range for a while. The recent movement, which has lasted about 135 days, suggests that this correction period won't end soon, and I don’t expect the historical peak to be broken until March 2025 at the earliest. Based on fundamental analysis of the markets in the upcoming year, I believe we can agree that Bitcoin's upward movement may continue into next year. However, given the economic data and the Federal Reserve's cautious decisions to strengthen the dollar, we shouldn't expect this rise to happen rapidly. Bitcoin's fluctuations in the $90,000, $80,000, and maybe even $70,000 range can be good news for those who are still dollar-cost averaging. By the way, I wish all market participants the best in the new year. Merry Christmas ? and Happy new year! ✨✨✨✨
? Technical analysis: The accumulation phase is ready for the bullish wave 3 rally - 1W ? BINANCE:ONEUSDT In the previous analysis, the weekly timeframe was corrected after hitting the supply zone, the details of which were examined. ? On the weekly timeframe, it is in a three-year range in a concentration that is in the accumulation phase. ? At present, given that the current supply zone has been consumed, we should wait for the zone break for the next supply zone. ? Therefore, this upward leg will have the ability to grow to the neckline area, which can bring a 200-300% rally. ?After breaking the second supply zone and consolidating above the area, it will have the ability to grow to the 84 cents area. »»»«««»»»«««»»»««« Please support this idea ? with a LIKE ? and COMMENT ? if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email ? in the future. Thanks for your continued support.? Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« https://www.tradingview.com/x/2kDEhau5/
You have seen Major's opinion, Now in the lower time, 1D time , this opinion is confirmed by recognizing the pattern of head and shoulders, as you can see in the picture. Therefore, we can introduce the support level of 90 cents as the future floor of the currency . Thanks for reading .