MNT on Support Area Ethereum ecosystem Long Set-up Bybit L2
Just presenting what I see. Prices likely to be pulled back up to the LVN looking at good buy volume at close. However the days volume wasn't great because of the Europe holiday Holidays ar common for whipsaw prices. With european markets open today, I wont be surprised if the market head back up for a day or two watch out for the resistance line Safe trading
ANET retesting a well proven support zone $66.72-67.41. It held very well during recent tests, but is weaker now. Bulls would prove very strong if able to bounce from here.
Here we have a classic ascending triangle. Notice how the low for this pair happened 11-March. It has been rising for a while. Slowly but surely. Rising from the base because the triangles upper boundary was working as resistance. It rejected RSRUSDT in late March and also 12-April. Now, this resistance has been broken and this can be great timing to catch a wave in the making. Looking at other charts, I would show you a bottom without the breakout and tell you to buy and hold. The advantage in this case is having a stop-loss with very low risk and maximum potential for growth. The disadvantage of course is having to wait a long time for the bullish wave to develop. Everything has its pros and cons. When we consider the current chart, the low was hit more than a month ago. Bottom prices are not available anymore but the resistance of the triangle pattern has already been broken, which means that we can experience sudden growth. The advantage here is a smaller waiting time, faster profits; the disadvantage is the fact that we have a limited space for profits and if prices drop there is also plenty of space open before prices reach support. So the stop-loss has higher risk and the profits potential can be lower but the waiting time can be shorter. See how that works? In some instances we can go for the bottom catch with long-term hold. In some other instances, we can wait for breakout confirmation for fast profits. Fast would still require weeks or days. In the first scenario, the waiting can take months. In the second, RSRUSDT can start growing within days. Market conditions can always change. A short wait can turn into a reversal and instead of profits we get a losing trade. That's ok. We are not meant to win them all. The goal is profit big on the winners and the cut the losers short. When a trade goes bad, just let it go. When a trade is doing good, hold strong. Namaste.
Sell limit 3460-3475 sl 3485, tp 3375-3355. 3460 is resistance
The Cryptocurrency market is entering a very interesting period right now. Unless you've been around for more than 4 years in this market, you haven't seen anything like it. There was strong growth in late 2023 into early 2024 and also in late 2024 into 2025, but nothing compared to what you are about to experience, this is different. Some pairs grew thousands of percentages of points in the last few years, I shared many charts for these so they don't need to be mentioned again. Really strong and yet, what you are about to experience is something completely different. The best example for comparison is the last bullish wave. The build up phase took three months and then at the end there was a bullish period lasting 3-4 weeks. That's it. The bottom was hit August 2024 and the Altcoins went sideways. They were not really rising but more sideways than anything and in late November a strong advanced happened. This advance ended just as fast as it started and a long corrective phase developed. This is the second part, after each bullish wave there was always a strong correction after the 2021 bull market, this time it will be different. First, imagine that the build up period instead of sideways consist of up. Prices start to grow... Up, up, up slowly and then a major advance. Imagine the pair you hold growing for months and then a strong advance on top of all that growth. The second part is the correction. Each bullish wave for several years would be followed by a strong correction and boring period, not this time. The strong advanced will be corrected but the correction will lead to a strong resumption and then months of additional growth, a completely different dynamic. This is it. So you are about to experience something great. » Here XAIUSDT is making a strong breakout from a bearish-downtrend on high volume. This is the start of the 2025 bull market for this pair. The same is true for many other Altcoins. Do not try to catch the ones that are already moving, buy the ones trading low near support, before the breakout, and wait. In this way, you can enjoy the entire wave when the breakout happens. I am wishing you tons of profits, great luck, health, wealth and success. Thank you for reading. Namaste.
BTC D1 has not yet reached its peak. Currently, the Long peak for BTC is on the D1 timeframe, and D1 continues to confirm upward movement each day. Probing for the D1 peak has not yet confirmed a top.
I haven't updated my cattle idea in awhile, but it's been trading like I figured, since Feb. We've now hit multiple technical targets in this pocket up here. I think there's a good chance we get a decent correction from here down to the 198-197 area, although it could easily retrace down lower, more violent and sharp with fund long covering and momentum. Long term I am still bullish with my original idea back at the beginning of the year, and think we can get that 217-218 target in the fall. My last idea this is continuing: https://www.tradingview.com/chart/LE1!/wyeqh908-Looking-for-sideways-to-higher-before-new-lows/
A "bear market" cannot develop after a full correction. It doesn't make sense... AAVEUSDT peaked 16-December 2024 and it has been red. And some people are saying, "It is going to go down. The start of a bear market." It already went down. The bullish action here started in October 2024 and has been corrected by more than 100%. The action before and lower prices were all part of a long-term consolidation phase. It took forever. Aave bottomed in June 2022 and consolidated for so long. Then, last year, it produced a strong advance. This is not the end, this is the start. This advance ends in a higher low as the chart shows today, from this higher low we will get a continuation and establishment of a bullish trend. For a bull-trend all we need is higher highs and higher lows. It is inconceivable to think that AAVEUSDT will break below its June 2022 low. Impossible. It will be going up. So we have the first high and now the higher low, when the next advance happens, you have your higher high and that's it, that's how a bull market works. The next high will produce the same results. A correction and this correction will end higher compared to the current low. This higher low will produce one final advance and this advance will be marketwide, the 2025 bull market bull run, projected to happen in late 2025. Now, you cannot buy when prices are high, only when prices are low. Right now, AAVEUSDT is trading at the lowest prices possible. It is trading within the same consolidation range that was active since mid-2022. This is as low as it can go. This is a great opportunity. No bear market, we are in a bull market year and we are only weeks away before the start of the 2025 bull market cycle, the best and biggest bullish phase since 2021. It will be awesome. The chart reveals everything you need to know. The bottom, but also the top. Namaste.
Bitcoin is looking at a larger bullish continuation after breaking above the falling wedge and with bullish divergence observed from the mid-term stochastic oscillator and 23-period RSI. Ichimoku is showing two out of three bullish crossover and a V-shaped bottom formation is underway and may break 89,000-90,000 resistance level. Should it break, near-term target is at 96,700, followed by 115,000.