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#XVG/USDT analysis-
On the daily timeframe, following an all-time low, the price formed two ascending triangle patterns. Both patterns experienced a breakout within a single day, indicating strong buying pressure.
The first breakout resulted in a price increase of more than 77% from the breakout level, while the second breakout led to a gain of over 55% from its respective breakout level.
According to price action analysis, for the first breakout, 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.
Regarding the second breakout, entry would have been initiated immediately upon breakout since the likelihood of a retest is minimal, and the price could surge sharply thereafter. The stop loss would be positioned below the breakout candle.
Note: This post is purely educational in nature.
#DOCK/USDT analysis -
#DOCK is on an uptrend within a bullish channel. The price is getting closer to the 200-day exponential moving average (EMA), and there's a possibility it will bounce back from there to test the resistance of the channel. To go long, wait for the price to break out above the $0.0425 level.
TF : 4h
Entry : $0.0425
Target : $0.0492
SL : $0.0384
#GHST/USDT analysis-
The price is forming a descending triangle pattern. Additionally, it has already tested the support level multiple times at 2.7, indicating a high chance of breaking down further. If a breakout occurs, there is potential for the price to decline.
T.F.-15-Minute
ENTRY- as soon as it gives breakdown i.e. 2.685-2.689
SL- Above resistance area or previous swing high i.e. 3.195
TARGET- 2.120
Note- If stop loss hits before the entry, then ignore the trade as the price action will formed differently.
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 79. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#WOO/USDT analysis -
#WOO is moving in a bullish channel on the higher timeframe (HTF). Recently, the price has broken out of the counter trendline and is now ready to test the resistance of the channel. It is expected that the price will rise higher from its current level.
TF : 4h
Entry : $0.482
Target : $0.619
SL : $0.390
#GHST/USDT analysis-
On the daily timeframe, the price formed an ascending triangle pattern. It broke out with increased volume, resulting in a surge of nearly 120% from the breakout level.
According to price action analysis, traders may have entered at the breakout or retest, setting a stop loss below the triangle pattern or based on their risk management strategies.
Note: This post is for educational purposes only.
The narrative around Real-World Assets (RWA) has gained momentum following the announcement from BlackRock. What are your thoughts on RWAs?
https://x.com/proanalysisb/status/1774709208883298366?s=46&t=CXYkY_LmfxJGksGi91zW0g
#MBOX/USDT analysis -
#MBOX recently broke out of the trendline after bouncing back from the 200ema. It's likely to continue its bullish trend and test its previous swing high. You can enter the trade on the breakout of the $0.518 level.
TF : 4h
Entry : $0.518
Target : $0.628
SL : $0.444
This Beast has the potential to hit $2.5, which is about a 5X increase in this bull run.
After its initial listing, the price of #VENOM/USDT experienced a decline of over 25% from the high of its listing day. Currently, the price is finding support around the opening price of the listing day. Should it surpass today's high, it has the potential to rise further. A breakout at this point would also signify a W pattern breakout.
The analysis is based on a 30-minute timeframe.
The entry point is recommended immediately upon the breakout, which is above $0.5880.
Target 1: $0.7330
Target 2: $0.9142
https://x.com/proanalysisb/status/1774414444367626517?s=46&t=CXYkY_LmfxJGksGi91zW0g
#OAX/USDT analysis-
On a weekly time-frame, after the listing gain, the price fall almost more than -83% from the listing day high.
After that, the price formed ascending triangle pattern. The price gave breakout and increased more than 84% from the breakout level.
As per the price action analysis, the entry would have been taken at breakout and stop loss will be below the triangle pattern or as per the risk management of the trader.
PRO TIP: In a bull market rally, every coin which fell more than -70% from the all-time high which can generate more returns when they gave triangle pattern breakout.
Note: This is just an educational post.
#RIF/USDT analysis -
#RIF is forming a structure of higher highs and higher lows while following the 200ema. It has recently bounced back from a support zone and is likely to rise higher and test new highs.
TF : 1h
Entry : $0.2928
Target : $0.3445
SL : $0.2592
#BAL/USDT analysis -
#BAL is going up and making new highs above the 200ema. Right now, the price is consolidating above the 200ema. Wait for it to break the $5.319 level before going long, as the price is expected to test the previous swing high.
TF : 4h
Entry : $5.319
Target : $6.087
SL : $4.860
Crypto fear & greed Index: 75
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 79. 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: 71
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 same 79. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#BTC/USDT analysis -
$BTC is currently consolidating in a triangle pattern above the 200-day exponential moving average (EMA). The price is expected to bounce back from there and eventually break out of the consolidation phase, potentially reaching a new all-time high. Stop loss (SL) would be placed below the pattern. To go long, wait for the price to break above the $71,700 level. However, if the price fails to break upside and instead breaks downside, the setup will fail and the price may decline further.
TF : 4h
Entry : $71700
Target : $83000
SL : $64200
#JUP/USDT analysis-
The price is forming descending triangle pattern. If it gives breakout then it has potential to go down.
T.F.-15-Minute
ENTRY- as soon as it gives breakdown i.e. 1.5690-1.5699
SL- Above resistance area i.e. 1.6530
TARGET 1- 1.4495
TARGET 2- 1.3925
Note- If stop loss hits before the entry, then ignore the trade as the price action will formed differently.
#REI/USDT analysis -
#REI is in an uptrend and making new highs. The price is currently consolidating over an upward sloping support. It's likely to bounce back from the support and test the previous swing high.
TF : 4h
Entry : $0.1355
Target : $0.2717
SL : $0.0890
#KP3R/USDT analysis -
#KP3R is going up and making new highs. The price is currently correcting in the short term. It's likely to continue the uptrend soon.
Wait for the breakout of the trendline and the $112.95 level as confirmation to go long. Aim for the current swing high as a potential target.
TF : 1h
Entry : $112.95
Target : $128.91
SL : $102.89
#BOME/USDT analysis-
After the listing gain, the price fell more than -70% from the listing day high.
Right now, the price is forming ascending triangle pattern. If it gives breakout then it has potential to up.
T.F.-1-D
ENTRY- as soon as it gives breakout i.e. 0.016900-0.016950
SL- below support area i.e. around 0.012630
TARGET 1- 0.020790
TARGET 2- 0.029444
Note- If stop loss hits before the entry, then ignore the trade as the price action will formed differently.
#RAY/USDT analysis-
On the daily timeframe, the price showed a robust uptrend with rising volume. After a correction, it formed a symmetrical triangle pattern. Upon breakout, the price surged nearly 100% from the breakout level.
According to price action analysis, traders may have entered at the breakout, setting a stop loss below the triangle pattern or based on their risk management.
Note: This post is for educational purposes only.
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 75. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#RAY/USDT analysis -
#RAY is on an uptrend, making higher highs (HHs) and higher lows (HLs), while following the 200ema. It recently broke out of the trendline after a corrective pullback and is highly likely to continue its trend and test the previous swing high.
TF : 4h
Entry : $2.246
Target : $2.952
SL : $1.809
#CKB/USDT analysis -
#CKB is in an uptrend on the higher time frame (HTF). It's consistently making new highs above the 200ema. The price is currently consolidating near the 200ema, and it's likely to continue its bullish momentum from the current level and test the previous swing high. Wait for the breakout of the $0.0202 level to enter a long position.
TF : 4h
Entry : $0.0202
Target : $0.0246
SL : $0.0176
Crypto fear & greed Index: 75
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 same that is 75. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
Latest #BTC Analysis
https://x.com/proanalysisb/status/1774150433751359674?s=46&t=CXYkY_LmfxJGksGi91zW0g
#CHZ/USDT analysis -
#CHZ is on an uptrend and hitting new highs. The price is currently consolidating above a support zone near the 200 EMA.
It's expected to keep its bullish momentum and test its previous swing high. Keep an eye out for a price retracement near the support zone as a potential opportunity for a long entry.
TF : 4h
Entry : $0.1425
Target : $0.1661
SL : $0.1311
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