14173
Contact us @markhenry01 We ProAnalysis, we aim to provide a conducive learning environment so you can learn and make profit .Not financial Advise .We are not responsible for any of your bad trades.
Crypto fear & greed Index: 67
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 65. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#YGG/USDT analysis-
On a daily timeframe, after the breakout, the price underwent a retest and surged by over 50% from the breakout level. The price tested the previous breakout level multiple times, establishing it as a support level. However, subsequently, the price experienced a breakdown, plunging more than -36% from the breakdown level.
According to price action analysis, traders might have considered entering at the breakdown, setting their stop loss above the previous swing high or based on their individual risk management strategies.
Note: This post is for educational purposes only.
Crypto fear & greed Index: 65
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 74. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#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
#WIN/USDT analysis -
#WINK is currently in an uptrend, making new highs and breaking previous resistance levels. The price is trading above the support zone and the 200ema. It is expected to bounce back from there and reach the previous swing high. Wait for the price to break the $0.000132 level as confirmation to go long.
TF : 1D
Entry : $0.000132
Target : $0.000200
SL : $0.000101
#THETA/USDT analysis -
#THETA is making new highs while bouncing back from the 200 EMA. The price is currently trading over a support zone, and it's expected to rise higher from the current level and reach the previous swing high. Wait for a breakout of the $2.283 level to go long.
TF : 1D
Entry : $2.283
Target : $3.341
SL : $1.649
#STEEM/USDT analysis -
#STEEM is trading above the support zone near the 200 EMA. It's expected to keep up its bullish momentum and reach the previous swing high. 📈
TF : 1D
Entry : $0.2710
Target : $0.3489
SL : $0.2283
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