#OP / USDT : Technical Analysis
TF : 4H
- The price is currently in an uptrend, forming higher highs (HHs) and higher lows (HLs) above the 200 EMA.
- After a strong bullish move, the price underwent a sideways correction near the 200 EMA.
- Recently, the price broke out above the counter trendline after bouncing back from the 200 EMA, which triggered our entry.
Expected Returns : +30%
Plan :
Entry : $3.68
Target : $4.80
SL : $2.96
CAKE/USDT:
Entry: 3.1 - 2.800
Target 1: 4.500
Target 2: 6.500
Target 3: 10.500
S/L: 2.2
#MTL / USDT :
#Metal
TF : 4h
Trend : Uptrend , Price trading above 200Ema .
-Price is respecting major Trendline (Slope : Upside ).
-Anticipate a Bullish Momentum to its Previous Highs .
-Breakout of counter Trendline activates Entry for Long Position .
Plan :
Entry : $1.686
Target : $2.05
SL : $1.49
➡️MicroStrategy owns 158,400 Bitcoin and they're up $1 billion on this position since first buying in 2020 📈
🟠MicroStrategy's average Bitcoin buy price is $29,609.65.
#BITCOIN UPDATE:- Bitcoin is looking strong in both LTF and HTF.
Our team is expecting a $30k+ price by the end of this week.
Weekly close will play an important role in further price developments.
We will keep you updated.
So enable notifications and pin our channel to the top.
Thank you
SCALP TRADE SETUP:
#MTL/USDT Short Call:
Enter: Market
Targets:
1) 1.1782
2) 1.1671
3) 1.1569
Risk: Medium to High
Advised Leverage: 5X to 8X
SCALP TRADE SETUP:
#IMX/USDT Short Call:
Enter: Market
Targets:
1) 0.9225
2) 0.9139
3) 0.9067
Risk: Medium to High
Advised Leverage: 5X to 8X
BTC UPDATE:- BTC is going good so far. Breaks above the $23.3k crucial resistance and hold above it. According to the pattern, we might see a $25k per Bitcoin in the next few days but for that we need to hold above $22.8-$23.3k level.
We have a FOMC meeting on Wednesday and many more important events this week so trade cautiously this week and do not get Rekt. We will keep updating you.
Stay tuned and pin our channel at the top.
BTC UPDATE:- BTC is slowly heading into the resistance zone. $21.5k-$22.5k is a big resistance and remember the correction is still due in the market so manage your risk in all open positions and do not trade without SL.
In LTF, we might see some more upside but sooner or later we see some correction. A healthy pullback is always good for the market in the long term.
Let's see how this goes. Stay tuned and pin our channel at the top for more updates.
ETH UPDATE:- ETH is forming an ascending triangle in an 8hr time frame. Currently, it is trading at the resistance. ETH needs to break and close above this resistance area for more bullish movement in the market. On the other hand, a rejection from here will take us to the lower area and as you know Alts will follow ETH so if ETH dumps from here, Alts also dump.
Stay safe until we break and hold above this resistance area. Will keep updating you.
Stay tuned and pin our channel at the top.
ETH DAILY UPDATE:- ETH is trading inside a symmetrical triangle in the daily time frame frame. Currently, it is hovering around $1200 level. We have a strong support in the range of $1100-$1200 level. As long as ETH holds this support we can expect an upside rally.
Breaks and close below $1100 in daily time frame will be bad for market. But as long as it above the support we can expect some bullish rally in the month of January.
Stay tuned and pin our channel at the top for regular updates.
BTC DAILY UPDATE:- Hello dear members, hope you enjoy your Christmas party. In the market, there is still not much movement due to the holiday season. BTC is still trading below the middle line of the flag which is at around the $17k level. So there are two possible moves from here.
One is if BTC breaks the middle line of the flag then we see a pump up to the $18k-$18.5k level. The second possibility is the price starts moving in the downside direction from here and might test the lower line of the flag which is at the $16k level if it holds there then we see an upside movement up to $18k from there.
As of now waiting for some volume in the market. We will keep updating you. Stay tuned and pin our channel at the top.
#ACA / USDT :
TF : 4H
- The price is currently in an uptrend, but it's going through a correction phase. It's consolidating sideways within a channel.
- Right now, the price is finding support at the channel's lower boundary.
- It's likely that the price will continue its upward trend and test the resistance level of the channel.
- There's also a possibility that the price might break out of the channel and test its previous swing high.
Expected Returns : 20-40%
Plan :
Entry : $0.105
Targets : $0.127 and $0.148
SL : $0.090
#XVS / USDT :
TF : 4H
- The price is currently trading above the 200EMA in an uptrend, indicating strong bullish momentum.
- There is a trendline acting as support, which the price has been respecting.
- After a dip to the 200EMA, the price quickly recovered and regained the support levels.
- Based on these factors, it is
anticipated that the price will continue its bullish momentum from the current level and potentially test its previous high.
Expected Returns : 15-20%
Plan :
Entry : $12.3
Target : $14.7
SL : $10.8
#ETH / USDT : Chart Analysis
#Ethereum
TF : 4h
Current Price : $2068 level .
Trend : Sideways , Price Consolidation between $1930- $2100 Levels Range .
Strategy : Instead of Forming new high price is facing rejection from previous swing high .
-short term fall is expected .
-Breakeven SL of Short Position once price hit TP-1 and let it run for TP-2 . Or can Book Profits .
Trading Plan :
-Short Entry : $2068
-Targets :
TP-1 : $2005
TP-2 : $1944
-StopLoss : $2131.5
Bitcoin still has a significant hurdle to clear at the $30,000 mark, which we've highlighted with the yellow box on the charts. To truly regain its bullish momentum on a broader time scale, it needs to surpass this level.
In the midst of the excitement caused by these market movements, it's essential to avoid impulsive actions that could put your funds at risk. While better times may be on the horizon, exercising caution and preserving your capital is the smartest move for now.
💰 Bitcoin Number of Addresses Holding 1+ Coins has recently reached an All-Time High (ATH) of 1,011,914.
Читать полностью…SCALP TRADE SETUP:
#BTC/USDT Short Call:
Enter: Market
Targets:
1) 27663.1615
2) 27402.545
3) 27161.568
Risk: Medium to High
Advised Leverage: 5X to 8X
SCALP TRADE SETUP:
#BTC/USDT Short Call:
Enter: Market
Targets:
1) 27995.995
2) 27732.552
3) 27488.912
Risk: Medium to High
Advised Leverage: 5X to 8X
SCALP TRADE SETUP:
#SKL/USDT Long Call:
Enter: Market
Targets:
1) 0.0405
2) 0.0409
3) 0.0413
Risk: Medium to High
Advised Leverage: 5X to 8X
SCALP TRADE SETUP:
#RUNE/USDT Long Call:
Enter: Market
Targets:
1) 1.6714
2) 1.6872
3) 1.7006
Risk: Medium to High
Advised Leverage: 5X to 8X
SCALP TRADE SETUP:
#AXS/USDT Long Call:
Enter: Market
Targets:
1) 10.6133
2) 10.714
3) 10.7988
Risk: Medium to High
Advised Leverage: 5X to 8X
BTC UPDATE:- BTC is going pretty well so far. Holding above $22.5k level and turned it into support which is previously a big resistance. As long as, BTC holds above $22.5k level we can expect another rally up to $25k level.
Tomorrow is weekly closing, if we get a weekly close above $22.8k then it would be much better for BTC and Alts.
Let's see how this goes. Will keep updating you. Stay tuned and pin our channel at the top.
BTC is still moving inside the triangle and reaching slowly to the decisive area. Break out from the triangle (Daily close above $17.2k) will trigger a bullish rally in the market. Or if we got a rejection from here then we might see some more consolidation.
Overall waiting for a clear move to decide anything. Till then waiting patiently.
Stay tuned and pin our channel at the top for more updates.
BTC UPDATE:- No changes in plan. Going accordingly as we predicted. The $16k level is the crucial support area. Hold here and we might see an upward rally in January.
A daily close below $16k will invalidate the bounce scenario and then we might see another low of BTC.
Let's see how this goes. Will keep updating you. Stay tuned and pin our channel at the top.
BTC made a high of $18.3k before FOMC and was rejected badly after the meeting. Currently, trading around the $17.7k level. As we told you in a previous update that BTC needs a retest of the triangle which is around the $17,2k level for a healthy upward movement,
As of now wait patiently to price come to around the $17.2k level and after that, we see whether it holds there or not. Will keep updating you.
Stay tuned and pin our channel to the top for daily updates.