Looks like a HS forming up. I opened a short position bc I want a tight SL. If a daily candle breaks up and closes above the right shoulder I'll take the loss.
BINANCE:OPUSDT BINANCE:OPUSDT.P MEXC:OPUSDT COINBASE:OPUSDT **Weekly Analysis of OPUSDT Chart** Here’s the detailed analysis of the OP/USDT (Optimism/US Dollar Tether) trading pair based on the chart provided: --- ### **1. Key Levels** - **0% (Low)**: **0.396** – Historical low. - **0.618 Fibonacci Levels**: **3.157–3.300** – Key resistance zone, known as the "golden pocket." - **0.5 Fibonacci Level**: **2.629** – Mid-level resistance and a potential target in the short term. - **100% (High)**: **4.865** – Historical high or significant recent high. --- ### **2. Current Price** - **Price**: **2.013** – The price is moving upward after a recent bounce from a support zone near **1.449**. --- ### **3. Support and Resistance Zones** - **Support Zones**: - **1.449**: A strong support area where the price previously consolidated and bounced. - **Green Zone (1.449–1.00)**: Represents a broader support range if a bearish scenario occurs. - **Resistance Zones**: - **2.629**: A critical short-term resistance where the price might face selling pressure. - **3.157–3.300**: The golden pocket (0.618 Fibonacci level), a strong resistance zone where pullbacks are likely. --- ### **4. Price Movement and Potential Scenarios** - **Bullish Case**: - If the price breaks above **2.629**, it may head toward the golden pocket at **3.157–3.300**. - A breakout above **3.300** opens the path to the **4.865** high, representing a significant upward potential. - **Bearish Case**: - If the price fails to break above **2.629**, it may pull back to **1.449**, where strong support lies. - A break below **1.449** would signal further downside toward the green support zone. --- ### **5. Fibonacci Retracement Insights** - **Golden Pocket Zone**: - The **3.157–3.300** zone represents the golden pocket, a high-probability reversal area. - Many traders take profits or look for shorting opportunities in this region. - **Current Range**: - The price is between the **1.449 support** and the **2.629 resistance**, making it an important area to monitor. --- ### **6. Trading Strategy** - **For Buyers**: - Entry: Consider buying near the **1.449 support** or after confirmation of a breakout above **2.629**. - Targets: - Target 1: **2.629**. - Target 2: **3.157–3.300**. - Target 3: **4.865** (if strong bullish momentum persists). - Stop-Loss: Below **1.449** to limit downside risk. - **For Sellers**: - Look for shorting opportunities near the **3.157–3.300** golden pocket zone if the price shows signs of rejection. --- ### **7. Indicators to Monitor** - **RSI**: Check if the price is entering overbought territory near resistance levels. - **MACD**: Look for bullish or bearish crossovers to confirm momentum. - **Volume**: Ensure high buying volume supports a breakout above resistance.
Simple demand and supply strategy on 4H tf you mark out the recent break of structure and move down to a lower time from to look for entry like on the 15m or 5M
I've had my devices vibrating with notifications of BINANCE:BTCUSDT.P breaking the FWB:98K level which happened to be a significant level, but the questions are; 1. Where will it trend next? 2. Where are the next stops? All necessary informations are drawn on the chart. The contract is still very bullish after we witnessed a break of structure that led to the FWB:98K resistance breakout, we should look to see BTC retest and take orders from our block of orders around the GETTEX:97K price area. For next stop our possible entry should be around the GETTEX:97K and we should seek to take profit around the $102k price area. Nevertheless, it is worthy to note that breakdown below the $96k could entirely change the structure of our charts. Happy New Year! LEAVE A FOLLOW.
Solana's downtrend has just been broken on the daily chart. RSI is also primed right around 60. I'd expect a small pullback to retest the breakout around 210-212 and if it bounces and then confirms the breakout by breaking over 220. We should be off to the races for the retest of all time high at 264. This is not financial advice, trade at your own risk!
? Technical analysis: Ascending channel - 1W ? BINANCE:NEARUSDT currency is moving in an ascending channel on the weekly time frame. ? After hitting the channel ceiling and the supply zone, it encountered selling pressure, which extended the correction to the middle of the channel. After that, it encountered demand again in the middle of the channel. ? It is currently facing demand in the green box, which can grow to the channel ceiling in the first step and continue its growth again to the supply zone. ? Considering that the supply zone and the channel ceiling have already been consumed, in case of high momentum, it will be able to break the supply zone ? After that, it can grow to the next supply zone. ?In the first step, then after breaking the ceiling of the first ascending channel, it can continue its growth to the middle of the second channel with a pullback to it and finally to the width of the first channel to a larger supply zone. »»»«««»»»«««»»»««« Please support this idea ? with a LIKE ? and COMMENT ? if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email ? in the future. Thanks for your continued support.? Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« https://www.tradingview.com/x/V0HitVZI/
Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price rejected from bearish OB + institutional big figure 1.49000. Like, comment and subscribe to be in touch with my content!
Cleanspark (CLNK) may have started a short buy. I think this asset is a good buy with the following data. Entry 1: $9.79 SL 1: $8.97 TP 1: $12.97 Entry 2 ( late entry): $10.37 SL 2: $9.45 TP 2: $13.38. I have a trade from $9.79. Manage your trade and risk.
Bitcoin ( BINANCE:BTCUSDT ) is moving in the Resistance zone($100,000-$98,000) and near the Resistance lines . Regarding Elliott's wave theory , I still see the waves as corrective . It is likely that Bitcoin is completing a Double Three Correction(WXY) so that it is currently completing a wave Y . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks ( between volume and price ). In addition, USDT.D% ( CRYPTOCAP:USDT.D ) is moving near the Support zone and the lower line of the descending channel , so we can expect an increase in this index in the coming hours, and the increase in USDT.D% can cause Bitcoin to decrease . https://www.tradingview.com/x/s4ntKVty/ I expect Bitcoin to start falling from the Resistance zone($100,000-$98,000) , Cumulative Short Liquidation Leverage , and Resistance lines again. The First Target can be the Support zone($96,680-$95,500) . If Bitcoin breaks the Support zone($96,680-$95,500), we can expect the CME Gap($94,830-$94,420) to be filled. Cumulative Short Liquidation Leverage: $100,000-$99,000 Cumulative Long Liquidation Leverage: $96,000-$95,000 ⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️ ?Please respect each other's ideas and express them politely if you agree or disagree.? Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. ?Be sure to follow the updated ideas.? Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button ?? & Share it with your friends; thanks, and Trade safe.
As we can see from the chart pattern there is a huge possibility for LSE:ONDO to reach $2.5 to $3 soon, LSE:ONDO is still really really undervalue with Ondo Finance project plan in 2025 and LSE:ONDO price to go up is sooner than you thought, and why is it sooner than you thought? 1. LSE:ONDO has good chart pattern and strong price action 2. LSE:ONDO has huge project plan which makes it a good fundamental token 3. A lot institutions just had small amount of LSE:ONDO which they still can inject a lot of money to LSE:ONDO