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#WIF/USDT analysis-
The price is forming a cup and handle pattern, and if it breaks out, it has the potential to achieve a 1:1 risk-to-reward ratio.
T.F.- 15-minute
ENTRY- as soon as it gives breakout i.e. around 3.1201-31210
SL- below the previous swing low i.e. around 3.0000
TARGET- 3.24
Note: If the stop-loss is triggered before entry, disregard the trade as the price action may develop differently.
Members! the show seems to be over now!
Mohammad Bagheri, the Iranian military chief, has announced the cessation of attacks on Israel. Despite the deployment of over 300 drones and missiles, Israel's defense systems successfully intercepted the majority, resulting in minimal damage. Fortunately, there was no damage on Iranian soil.
However, the turmoil wiped out millions in the crypto market! We're hopeful for a strong recovery across the entire cryptocurrency landscape soon.
https://x.com/proanalysisb/status/1779573317240021166?s=46&t=CXYkY_LmfxJGksGi91zW0g
#NULS/USDT analysis -
#Nuls is currently going through a correction phase and is expected to have a bullish momentum soon.The price is trading near the 200 EMA over support zone and is likely to test the previous swing high.
TF : 4h
Entry : $0.781
Target : $1.188
SL : $0.554
#ACA/USDT analysis -
#ACA is in an uptrend and trading above the 200 EMA. The price is currently in a support zone, indicating a potential bounce back. It is likely to rise higher and test the previous swing high.
TF : 1D
Entry : $0.128
Target : $0.205
SL : $0.103
#GTC/USDT analysis -
#GTC is forming higher highs (HHs) and higher lows (HLs) above the 200 EMA. The price is trading above both the 200 EMA and the support zone, indicating a strong trend. It's likely to bounce back from the current zone and continue its upward movement. Just wait for the price to bounce back as confirmation before going long.
TF : 1D
Entry : $1.598
Target : $2.461
SL : $1.341
#STX/USDT analysis-
The price has formed an ascending channel pattern by making higher highs and higher lows. If it breaks down, then it has the potential to go down further.
T.F.- 1-D
ENTRY- as soon as it gives breakdown
SL- above the lower high i.e. around 3.5350
TARGET- 2.0240
Note: If the stop-loss is triggered before entry, disregard the trade as the price action may develop differently.
#KMD/USDT analysis -
#KMD is consolidating over the support zone near the 200 EMA. The price is likely to bounce back from there and rise higher to test the previous swing high. Just keep an eye out for the breakout of the $0.488 level to go long. 📈
TF : 4H
Entry : $0.488
Target : $0.703
SL : $0.397
#BCH/USDT analysis -
#BCH is forming higher highs (HHs) and higher lows (HLs) while bouncing off the support zone and the 200 EMA. The price is currently going through a correction phase, but it's expected to test the 200 EMA and continue rising. Just wait for the price to find support and bounce back from there before considering going long. 🚀
TF : 4H
Entry : $585
Target : $697.1
SL : $522
#WAN/USDT analysis -
#WAN is forming higher highs (HHs) and higher lows (HLs) above the 200 EMA. The price is currently trading near the 200 EMA after a correction.
It's likely to bounce back from the 200 EMA and continue its upward trend soon. Just keep an eye out for a breakout above the $0.394 level to consider going long.
TF : 4H
Entry : $0.394
Target : $0.499
SL : $0.329
#CKB/USDT analysis-
On the daily timeframe, following a significant increase in price, there was a correction before a breakout occurred. The first breakout resulted in a price increase of more than 66% from the breakout level. After this price surge, there was another correction followed by the formation of an descending triangle pattern. Subsequently, there was another breakout, resulting in a 66% increase from the second breakout level.
According to price action analysis, for the first breakout, traders could have entered either at the breakout or during the retest. The stop-loss would have been placed below the higher low formed upon breakout.
Regarding the second breakout, traders would have initiated entry immediately upon breakout, as the likelihood of a retest was minimal and the price could surge sharply thereafter. The stop-loss would have been positioned below the breakout candle or the triangle pattern.
Note: This post is purely educational in nature.
#ZRX/USDT analysis -
#ZRX is making higher highs (HHs) and higher lows (HLs) structure above the 200ema. The price is currently in a correction phase and retracing towards the 200ema.
It is likely to find support near the previous swing high, which now acts as support. Wait for the price to bounce back from the support zone for a long entry. The recent swing high can be a potential target.
TF : 1D
Entry : $0.5726
Target : $1.323
SL : $0.4264
#GLMR/USDT analysis -
#GLMR is trading in an uptrend, making higher highs (HHs) and higher lows (HLs) above the 200 EMA. The price recently broke out of the trendline after bouncing back from the 200 EMA. It is now expected to rise higher and test the previous swing high as a potential target.
TF : 1D
Entry : $0.4679
Target : $0.6862
SL : $0.3905
#ACH/USDT analysis -
#ACH is in an uptrend, making higher highs (HHs) and higher lows (HLs) above the 200 EMA. The price is currently consolidating over a support zone after a correction. It is now expected to rise higher and test the previous swing high. Wait for the breakout of the $0.0372 level to go long.
TF : 4H
Entry : $0.03728
Target : $0.04967
SL : $0.03072
#SANTOS/USDT analysis -
#SANTOS is in an uptrend, making new highs. The price is currently consolidating over a support zone near the 200 EMA. We can expect the price to bounce back from there and test the previous swing high. Enter on the breakout of the $7.736 level.
TF : 4H
Entry : $7.736
Target : $8.883
SL : $7.050
Crypto fear & greed Index: 76
Whenever this index reaches 95, then major selling happens. When this index goes above 90, then it is a red sign and correction can happen at any time.
On 14th March 2024, when BTC made a new all-time high, it was around 88 and after that, BTC corrected more than -17.66% from the all-time high till 20th march 2024 swing low.
Yesterday, the index was 78. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
Crypto fear & greed Index: 74
Whenever this index reaches 95, then major selling happens. When this index goes above 90, then it is a red sign and correction can happen at any time.
On 14th March 2024, when BTC made a new all-time high, it was around 88 and after that, BTC corrected more than -17.66% from the all-time high till 20th march 2024 swing low.
Yesterday, the index was 72. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#DUSK/USDT analysis -
#DUSK is forming higher highs (HHs) and higher lows (HLs) above the 200 EMA. The price is currently trading over a support zone, and there's a good chance it will bounce back from there and test the previous swing high.
TF : 1D
Entry : $0.3398
Target : $0.6261
SL : $0.2247
As a professional crypto trader with eight years of experience, I want to share some advice. Please remember that the market never rises continuously; it fluctuates up and down. The recent drop in Bitcoin's value might seem significant on a 15-minute chart, but if you zoom out to a longer timeframe, you'll see it's just a minor dip. Corrections like this are normal in any market.
Currently, major investors like BlackRock are involved in the market. They might be waiting for smaller investors to sell during these corrections so they can buy at lower prices. Don’t be tricked into selling early; the market will likely rise again. The best strategy to benefit in the long run is to invest a consistent amount regularly, a method known as Dollar Cost Averaging.
Stay cautious and keep investing wisely.
Not a Financial Advice
https://x.com/proanalysisb/status/1778903377579287034?s=46&t=CXYkY_LmfxJGksGi91zW0g
#XVG/USDT analysis -
#XVG is currently consolidating above the support zone and the 200 EMA. The price is expected to bounce back from there and test the previous highs. Just wait for the price to find support and break the $0.00923 level before entering a long position.
TF : 4H
Entry : $0.00923
Target : $0.01281
SL : $0.00729
Crypto fear & greed Index: 79
Whenever this index reaches 95, then major selling happens. When this index goes above 90, then it is a red sign and correction can happen at any time.
On 14th March 2024, when BTC made a new all-time high, it was around 88 and after that, BTC corrected more than -17.66% from the all-time high till 20th march 2024 swing low.
Yesterday, the index was 76. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#BLZ/USDT analysis -
#BLZ recently broke out and retested the trend line after bouncing off the 200 EMA. The price is now expected to continue its trend and reach new highs. Exciting times ahead for #BLZ! 🚀
TF : 1H
Entry : $0.448
Target : $0.500
SL : $0.414
Crypto fear & greed Index: 76
Whenever this index reaches 95, then major selling happens. When this index goes above 90, then it is a red sign and correction can happen at any time.
On 14th March 2024, when BTC made a new all-time high, it was around 88 and after that, BTC corrected more than -17.66% from the all-time high till 20th march 2024 swing low.
Yesterday, the index was 78. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#ENJ/USDT analysis -
#ENJ is making higher highs (HHs) and higher lows (HLs) structure above the 200ema. The price is currently in a correction phase and showing retracement. It is likely to find support near the 200ema within the support zone. Wait for the price to bounce back from the support zone for a long entry.
TF : 1D
Entry : $0.4075
Target : $0.6467
SL : $0.3305
Crypto fear & greed Index: 78
Whenever this index reaches 95, then major selling happens. When this index goes above 90, then it is a red sign and correction can happen at any time.
On 14th March 2024, when BTC made a new all-time high, it was around 88 and after that, BTC corrected more than -17.66% from the all-time high till 20th march 2024 swing low.
Yesterday, the index was 80. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#POLYX/USDT analysis -
#POLYX is in an uptrend, making new highs. The price is currently trading above the support zone, and it is expected to bounce back from there and test the resistance level. Enter a long position when the price breaks out of the $0.5574 level.
TF : 4h
Entry : $0.5574
Target : $0.6482
SL : $0.5031
#FLM/USDT analysis-
"After the correction, the price is forming a W pattern and if it breaks out, there is potential for it to go up."
T.F.- 15-minute
ENTRY- as soon as it gives breakout i.e. 0.1451-0.1455
SL- below the support i.e. around 0.1390
TARGET- 0.1515
Note: If the stop-loss is triggered before entry, disregard the trade as the price action may develop differently.
#OOKI/USDT analysis -
#OOKI is in an uptrend, making new highs. The price is currently consolidating sideways over a support zone. We can expect the price to rise higher from the current level and test the previous price rejection level.
TF : 4H
Entry : $0.00346
Target : $0.00456
SL : $0.00275
#FARM/USDT analysis-
On the daily timeframe, following an all-time low, the price formed a symmetrical triangle pattern. The breakout resulted in a price increase of more than 117% from the breakout level.
According to price action analysis, the entry could have been taken either at the breakout or during the retest. The stop-loss would be placed below the triangle pattern or the higher low formed upon breakout.
Note: This post is purely educational in nature.
#PYR/USDT analysis -
#PYR is in an uptrend, making higher highs (HHs) and higher lows (HLs) structure while finding dynamic support over the 200 EMA.
The price is currently trading above the 200 EMA and is likely to continue its bullish momentum soon. Wait for the breakout of the trendline and enter when the price crosses the $6.912 level.
TF : 1D
Entry : $6.912
Target : $10.312
SL : $5.895