Technical Overview: 1. Key Resistance Area: - The price has reached a resistance zone near $2,922 - $2,917, indicated by the red arrow. - This is a historical supply zone where sellers previously pushed the price lower. 2. Support Levels & Take Profit (TP) Zones: - TP 1 (First Target): Around $2,891.528, marked by a green support zone. - TP 2 (Second Target): Around $2,860.277, representing another level of expected buying interest. - TP 3 (Third Target): Near $2,829.365, indicating a strong demand zone. 3. Pattern & Market Structure: - The market previously formed a rising wedge, which is often a bearish signal. - A breakdown from this pattern led to a retest of the resistance zone. - The current move suggests a potential rejection from resistance, signaling a possible downward move. 4. Trading Bias: - Bearish bias if rejection holds at the resistance zone. - Confirmation would require a break below the nearest support around $2,900. - A move above $2,922 could invalidate the bearish setup, leading to further upside. Trade Strategy Consideration: - Entry:Short position near resistance ($2,917 - $2,922). - Targets: TP1 ($2,891), TP2 ($2,860), TP3 ($2,829). - Stop-Loss: Above $2,923 to protect against breakout moves. This analysis suggests a potential short opportunity if the price respects resistance, with downside targets at support zones. However, monitoring price action is key to confirming the move.
Accumulation Phase: Currently The stock is consolidating in a range-bound phase, A breakout above PKR 17 could trigger bullish momentum . Demand Zone 1 : 15 Demand Zone 2 : 17
Before Idea: https://www.tradingview.com/chart/ETHUSDC/bxqPx24Q-Ethereum-I-expect-it-to-reach-1-800-2-243/ After: Ethereum targets reached. Coinbase orders played out perfectly at $1,800-$2,243. Next up: a correction to $2,500-$2,800, then we dive into the bear phase and wait for a drop to $100-$300. :)) https://www.tradingview.com/x/LCFxu2yD/ https://www.tradingview.com/x/a0qrjSPe/
Here there is a large volume, and a Doji Candle occurs, The large volume creates the latest ATH in transactions, with the hope that this will be an interesting altcoin to accumulate
VKTX bounced off $24.50, testing a key support level that could confirm a double bottom if it holds. If it breaks down, I expect a move toward $21, a longer-term support level I’ve been watching and where I may consider stepping in with cash-secured puts once it stabilizes. Let's see where it trades from here. Stay tuned. ?
How NFT Technology Developed NFT technology was created in 2017 based on Ethereum smart contracts. Since then, we have witnessed many successful NFT projects and deals. Stories like these perfectly describe the current and future possibilities of the technology. The development of blockchain technology and the emergence of NFT services coincided with other processes in society and the economy. Many new players appeared in the stock markets, including non-professional traders and amateur investors. The democratization of financial markets coincided with the pandemic: being in self-isolation, alone with their devices, many people began to pay attention to new financial instruments. The information that arose around them also played a specific role in the “revival” of NFTs. The big names in the news headlines supporting NFTs couldn’t help but draw attention to them. That is one of the reasons why the success of the technology was inevitable.
Money talks, and @justinsuntron just spoke LOUD. A fresh BINANCE:OMUSDT accumulation straight from #Poloniex’s multisig—his first-ever buy! What’s next? The market is watching.
Touching 129 recently, SEARL retraced back to Fib 0.618 level (84) and now in an upward trajectory. Next targets will be 129, 163, 203 and then 277 (Its all time high). Immediate resistance levels are 101, 112 and 120 Support levels are 84 and 71. Stop loss is 71
The power play begins! @justinsuntron has officially accumulated his first BINANCE:OMUSDT bag from #Poloniex’s multisig. The question is: Are you ahead of the curve, or behind it? ?
EURNZD has remained in strong bullish trend however, Bearish Divergence can be seen on 1H time frame, BEARS weightage are more than bulls as seen on Chart. Entry can be taken with the break of Support level, which is also a trend line support and good FIB ZONE. Once market has formed a LL and breaks the support then it will take a good corrective move. RISK / REWARD Of 1:1 can be taken with a STOP loss on HH.