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1️⃣TONUSDT still continues to accumulate potential with the purpose of breaking through resistance 7.671 and continuing growth. Bulls are actively defending the zones of interest and continue to hold the positive market structure.
2️⃣Demonstration of a bullish structure. Continuation of upward movement on W1
3️⃣Earlier, on the background of the general market correction the price formed a false breakout, which did not lead to a break of the bullish structure or to a strong fall. From the area of interest (without capturing liquidity) buyers are actively buying the asset and again trying to return to the resistance retest, which will only increase the chance of a breakout. Fundamentally and technically, TON looks very positive at the moment. But this does not mean that sellers are unable to change the nature of the price movement.
📶Conditions under which the upward movement and positive structure will be broken
4️⃣Technically, there is a high probability of a continuation of the upward trend, but there is also a probability of a support break, which will break the uptrend and change the market imbalance. At this point, while the price is consolidating and continues to shrink to resistance, we should consider a bullish set-up.
✅ As we can see that there was a formation of "FALLING WEDGE PATTERN" in #LINK and given a breakdown. We are expecting a little retest towards support level and then a bullish move
📉Current Price: $13.35
🎯 Target Price: $19.227
⚡ What to do❓
👀 Keep an eye on #LINK price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡⚡ #Write2Earn! #ETHETFsApproved #AirdropGuide #altcoins
Pretty sure we will see another drop into 580$ coming hours, which should print this weeklys low. But I have to say I'm not interested in holding this position for too long (weeks to months).
BNB looked good after the breakout of the ascending triangle and I had a target of 1000$ (which could still happen), but I don't like the deep retest we are seeing right now, so just a swing trade for me :)
I'm feeling very🔥bullish with SUI in its current state. Looking at the hourly TF, I noticed that the last pump from the support area of 0.9310 was 31 days ago. The pump prior to that from the same price point also happened exactly 31 days before the last pump. My thesis, is that this will repeat the same swing back up to that $1.10 level. I've set my take profit 1.53% below the fib level of 38.2.
My entry was at 0.92930😊
TP: 1.08📈
SL: 0.9045⚠️
Take this trade at your own risk & always remember to do your own due diligence. Good luck to both bulls&bears.
In daily timeframe, falling wedge pattern is forming Right now, #AUCTION is trading around it's crucial level 🚀 if #AUCTION breaks this level then we will be target for 50% in few weeks 📈
📊Current Price - $21.45 📈Target Price $35.40
!? What to do?
❗❓ We have marked crucial levels in the chart [ #AUCTION]. We can trade according to the chart and make some profits.
BITCOIN → Liquidation and retest of support. When is 74K?
$BTC is not ready to pass through 71500 yet and continues the correction phase, testing local lows and liquidating buyers in order to increase the position of a major player. Consolidation is clearly visible on the higher timeframes.
The resistance area of 71500 plays an important role for the market, a breakout and consolidation of the price above this area will mean that the market is ready to go higher than 74K, but, the market has not yet gathered the potential and, therefore, the consolidation continues. Bitcoin is currently in the range of 71500 - 64500. It is worth paying attention to the upward support, marking a bullish trend, and the 64500 area. The bulls will actively defend this area and if they fail, the price will head towards 61500 - 59000, 56400, but the most likely scenario is a false breakdown of 64500 followed by price strengthening to the resistance of the 71500 range.
Support levels: 64500, rising line, 61500 Resistance levels: 70000, 71500
The coin continues to consolidate. Sooner or later this phase will move to the phase of realization (distribution), based on the general data it may be growth, but no one excludes dump and retest of lower liquids zones before further growth.
Solana is approaching the main trend $SOL Hey Traders, in today's trading session we are monitoring SOLUSDT for a buying opportunity around 139.00 zone, Solana is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 139.00 support and resistance area.
📉🔍Recent Price Movement As discussed in last week's analysis, we observed a strong reaction to the marked Order Block (OB). The price retraced back into the Fair Value Gap (FVG) or inefficiency and continued to move lower.
📊📉Expectations for Price Decline Our overall bias remains bearish. We anticipate a downward movement in price to sweep the previous day's low (PDL), reacting to the sell-side liquidity (SSL) and the marked Fair Value Gap (FVG). After this scenario plays out, we expect the price to move higher.
🚀📈Alternative Bullish Scenario However, if we instead see a bullish move towards the previous day's high (PDH), we need to look for confirmation on a lower time frame. Specifically, we should watch for a sweep of low resistance sell-side liquidity followed by an aggressive Market Structure Shift (MSS). If this displacement is accompanied by the MSS, we can conclude that the bias has shifted to bullish.
⚠️Disclaimer.. The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions. #Bitcoin❗ #BTC☀ #BTC500K #BTCUSDT
It looks like we have a large diametric that we are now in wave E of.
Keeping the red range is expected to complete wave E.
It can also complete the F wave by maintaining the green range.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You #enaethena #ionet