TODAY MARKET UPDATE BULL RUN DON'T TAKE SHORTING ENTRY TIL | Marticlues on Binance Square

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TODAY MARKET UPDATE
BULL RUN
DON'T TAKE SHORTING ENTRY TILL YOU GET THE CONFIRMATION
#Binance #eth2.0 #hongkongweb3festival2023 #fantasticdeals #Ethereum 

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SOL Trade setup: Bullish break above $125 resistance, where it got rejected in late Dec 2023, signals continuation of Uptrend with +12% upside potential to $140 near-term and +28% to $158 mid-term. Stop Loss (SL) at $115. (set a price alert). Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance Nearest Support Zone is $100 (previous resistance), then $80. The nearest Resistance Zone is $125, which it broke, then $140 and $158.

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APE Trade setup: Price is an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price also broken above $2.20 to signal continuation of uptrend, with +15% upside potential to $2.50 next. Stop Loss (SL) level at $2.10. (set a price alert). Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance: Nearest Support Zone is $1.80 (previous resistance), then $1.50. The nearest Resistance Zone is $2.20, which it broke, then $2.50.

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AXS Trade setup: Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price has also broken above our target of $9.50 and could reach $11.00 next, for a +16% potential upside. Stop Loss (SL) level at $9.00. (set a price alert). Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance: Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, which it broke, then $11.00.

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BCH Trade setup: Following a breakout from a Sideways Channel ($215 - $260), price resumed its Uptrend and spiked up as high as $400 (+33%), breaking through several other key levels ($300, $350). However, price is now very overbought (RSI ~ 85!) just as it reached that $400 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity for a swing trade entry in Uptrend. (set a price alert) Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance: Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $400, then $475.

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DOGE Trade setup: Price is in an Uptrend. After breaking out of a Channel Down pattern, price spike up as high as $0.15 for a 85% gain. However, price is now very overbought (RSI ~ 90!). Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity. Fibonacci Retracement level (possible support) at $0.110 (61.8%) lines up with a horizontal support level of $0.11. Thus, if price pulls back to $0.11, that would be an attractive swing trade entry in Uptrend, with +35% upside potential back to $0.15. (set a price alert). Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance: Nearest Support Zone is $0.110 (previous resistance), then $0.075 - $0.080. The nearest Resistance Zone $0.150.

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