- Bitcoin reversed from support zone - Likely to rise to resistance level 109,675.00 Bitcoin cryptocurrency previously reversed up from the support zone between the round support level 100,000.00 and the 50% Fibonacci correction of the upward impulse from the middle of January. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Long-legged Doji, which stopped the previous minor correction 2. Given the overriding uptrend seen on the daily charts, Bitcoin can be expected to rise to the next resistance level 109,675.00 (top of the previous impulse wave 1).
- GBPUSD broke resistance zone - Likely to rise to resistance level 1.2555 GBPUSD currency pair recently broke the resistance zone lying at the intersection of the resistance level 1.2365, resistance trendline of the daily down channel from October and the 38.2% Fibonacci correction of the downward impulse from December. The breakout of this resistance zone accelerated the active C-wave of the ABC correction (2) from the start of January. GBPUSD can be expected to rise to the next resistance level 1.2555 (target price for the completion of the active ABC correction (2)).
entry: current price take: 1.24000 stop loss: 1.25800 The price is rejecting a strong resistance for the fourth time, reinforcing significant selling pressure. Additionally, it is rejecting a second resistance, confirming the bearish setup. SHORT? ✅Like and subscribe to never miss a new idea!✅
Hello traders! Let's take a look at the ENA/USDT price chart. As you can observe, the price has been locked in a long-term downtrend , contained within a descending macro channel . Recent Price Action: Over the past 24 hours, ENA has shown signs of a potential reversal. The price has entered a mini-uptrend channel and is currently approaching the upper boundary (ceiling) of the larger, descending macro channel. This creates the possibility of a breakout from the long-term downtrend. Potential Breakout Scenario: Given the potential increase in altcoin trading volume, I believe there's a strong likelihood that ENA could break through the macro channel's resistance level, located around $1.060 . If this breakout occurs, I anticipate a continued upward movement towards the following targets: First targets: Target 1: $0.9875 Target 2: $1.0500 Then: Target 1: $1.20 Target 2: $1.35 Target 3: $1.52 mportant Note on Price Correction: It's crucial to acknowledge that after a potential breakout above the macro channel's ceiling, a price correction is likely to follow. This is a normal market behavior after a significant upward move and should be anticipated. Disclaimer: This analysis represents my personal perspective and should not be considered financial advice. The cryptocurrency market is inherently volatile, and past performance is not a guarantee of future results. Always conduct your own research and manage your risk accordingly before making any trading decisions. Good luck with your trades!
So, it seems that we are on track with the 4-year cycle, with our target to at least 150k, and entering the next phase: thrill, euphoria and altseason. Of course, it’s not “up only” from here, and we do have specific market conditions that must align for this scenario to play out: Bitcoin follows the 4-year cycle : Maintaining historical trends of market phases. We remain in a crypto bull market : A rising tide lifts all boats. Altseason begins : A period of intense growth and volatility for altcoins. Retail money floods in : Increasing mainstream interest and participation. Global markets are "healthy-ish" : No major economic black swans. Monetary policy shifts to QE (quantitative easing) : A return to liquidity-friendly environments. ? Our high risk altcoin picks for this altseason #1 Glacier Network - best characterized as a Infrastructure, Smart Contract Platform and Layer 2 project. #2 Karlsen Network - best characterized as a Smart Contract Platform, Layer 1 and Proof of Work project. #3 Guacamole - best characterized as a Meme and DeFi project. #4 Picasso Network - best characterized as a Smart Contract Platform, Layer 1 and Bridge Governance Token project. #5 Three protocol - best characterized as a Smart Contract Platform and Payment Solution project. #6 Octavia - best characterized as a Artificial Intelligence and AI Agent project. #7 ZeroLend - best characterized as a DeFi, Governance and Lending/Borrowing Protocols project. #8 LightLink - best characterized as a Infrastructure, Smart Contract Platform and Layer 2 project. #9 enqAI - best characterized as an Artificial Intelligence project. #10 AIT Protocol - best characterized as a Artificial Intelligence project. #11 Juno Network - best characterized as a Smart Contract Platform and Juno Ecosystem project. … to be continued so remember to follow! ? What is your top picks for this altseason? This is not financial advice. Always do your own research before investing.
Looks like a checkback here on ANY, after putting in its first major higher low, and then local higher high Id get some confidence in a retest of the top of the range if we are able to get back above the local 50% level at 1.52, making the target around 3.6 Above that id take profits into retracement levels, likely a good at check at the zone there between the 1618 and .618. Above that, 23-29
Gold next move possible This is not a financial advice trade and manage your own risk
The Krane shares Luxury ETF was a novel idea to give investors the exposure to the Luxury sector. But with Chinese consumer weak sentiments and inflation in developed countries, the Luxury goods manufacturers had a bad couple of years. Recently the ETF has been breaking out of its 200 Day SMA. After all the 20-Day, 50-Day and 100-Day SMA spending significant amount of time below 200 Day SMA on a daily chart, the ETF has broken out of its 200 Day lows. It has recently had a good run with sizeable rallies daily. My assessment is that this breakout will sustain for some time to come
https://www.tradingview.com/x/iIQFI6oK/ All eyes are on Ethereum for a potential breakout. Forming a base in the green zone indicates a bullish divergence. As long as those low remains, stay on ETH for a long. Awaiting a close above the descending trend line and a close above the local lower high marked with a black line on the chart and RSI.
we haven't seen a #BTC daily candle close above $106.5k despite multiple attempts. A daily candle closing above $107k (approx) would be bullish; otherwise,be prepared for another pullback.