tradingranges
1,516 views
6 Posts
Hot
Latest
See original
Buy SOL and DOGE These currencies are very profitable and will see a big rise in 2025 They can change your life
If you want to support me, buy DOGE or SOL from below and you will not lose anything and the platform will reward me
$DOGE
$SOL
#MarketDownturn
#BinanceLaunchpoo
#ربح_مجاني #tradingranges
#BTC🔥🔥🔥🔥🔥
If you want to support me, buy DOGE or SOL from below and you will not lose anything and the platform will reward me
$DOGE
$SOL
#MarketDownturn
#BinanceLaunchpoo
#ربح_مجاني #tradingranges
#BTC🔥🔥🔥🔥🔥
#Write2Earn #XRP #tradingranges
The current market trend for XRP USDT is **bearish**, as the price has been declining since the beginning of January 2024. The price is currently trading below the **support** level of $0.519, which was previously a **resistance** level in December 2023. This indicates a possible continuation of the downtrend towards the next support level of $0.5021.
However, there are some signs of a possible reversal to the upside, such as:
- The **RSI** indicator is near the **oversold** zone, which suggests that the selling pressure is weakening and the buyers may soon take over.
- The price is forming a **bullish divergence** with the RSI, which means that the price is making lower lows while the RSI is making higher lows. This is a sign of a potential trend reversal.
- The price is also forming a **double bottom** pattern, which is a bullish reversal pattern that occurs after a prolonged downtrend. The pattern is confirmed when the price breaks above the **neckline** of the pattern, which is around $0.5257.
Therefore, the market trend for XRP USDT is bearish, but there are some signs of a possible reversal to the upside. A break above the resistance level of $0.5257 could signal a change in the trend, while a break below the support level of $0.5021 could confirm the continuation of the downward trend.
The information I provided is based on the **4-hour** time frame, which is a common chart interval for analyzing the cryptocurrency market trends. The 4-hour time frame can capture the short-term price movements and the medium-term trends, as well as provide some insights into the long-term outlook. However, different time frames may show different patterns and signals, so it is advisable to check multiple time frames before making a trading decision.
Please consider following me.
The current market trend for XRP USDT is **bearish**, as the price has been declining since the beginning of January 2024. The price is currently trading below the **support** level of $0.519, which was previously a **resistance** level in December 2023. This indicates a possible continuation of the downtrend towards the next support level of $0.5021.
However, there are some signs of a possible reversal to the upside, such as:
- The **RSI** indicator is near the **oversold** zone, which suggests that the selling pressure is weakening and the buyers may soon take over.
- The price is forming a **bullish divergence** with the RSI, which means that the price is making lower lows while the RSI is making higher lows. This is a sign of a potential trend reversal.
- The price is also forming a **double bottom** pattern, which is a bullish reversal pattern that occurs after a prolonged downtrend. The pattern is confirmed when the price breaks above the **neckline** of the pattern, which is around $0.5257.
Therefore, the market trend for XRP USDT is bearish, but there are some signs of a possible reversal to the upside. A break above the resistance level of $0.5257 could signal a change in the trend, while a break below the support level of $0.5021 could confirm the continuation of the downward trend.
The information I provided is based on the **4-hour** time frame, which is a common chart interval for analyzing the cryptocurrency market trends. The 4-hour time frame can capture the short-term price movements and the medium-term trends, as well as provide some insights into the long-term outlook. However, different time frames may show different patterns and signals, so it is advisable to check multiple time frames before making a trading decision.
Please consider following me.
Please follow me for #BTC #tradingranges
- The BTC/USD pair is trading at **$43,130 USD** as of 07:42:15 GMT+02:00 on February 6, 2024.
- The pair is in a **sideways trend** on the one hour chart, as indicated by the price fluctuating between the **$40,000 USD** and **$52,000 USD** levels, and the moving averages converging around the price.
- The pair is **neutral** on the one hour chart, as indicated by the RSI around 50, the Stochastic RSI crossing over at the middle, and the CCI around zero.
- The pair is facing **strong resistance** at the **$52,000 USD** level, which is the upper boundary of the range, the 50% Fibonacci retracement level of the recent decline from $69,000 USD to $43,130 USD, and a previous support-turned-resistance level.
- The pair is also facing **weak support** at the **$40,000 USD** level, which is the lower boundary of the range, the 23.6% Fibonacci extension level of the same decline, and a psychological round number.
- A possible **entry point** for a short position is at the **$50,778 USD** level, which is the 38.2% Fibonacci retracement level and a previous support-turned-resistance level.
- A possible **exit point** for a short position is at the **$41,222 USD** level, which is the 161.8% Fibonacci extension level and a previous resistance-turned-support level.
- A possible **entry point** for a long position is at the **$41,222 USD** level, which is the 76.4% Fibonacci retracement level and a previous support-turned-resistance level.
- A possible **exit point** for a long position is at the **$50,778 USD** level, which is the 23.6% Fibonacci retracement level and a previous resistance-turned-support level.
- The BTC/USD pair is trading at **$43,130 USD** as of 07:42:15 GMT+02:00 on February 6, 2024.
- The pair is in a **sideways trend** on the one hour chart, as indicated by the price fluctuating between the **$40,000 USD** and **$52,000 USD** levels, and the moving averages converging around the price.
- The pair is **neutral** on the one hour chart, as indicated by the RSI around 50, the Stochastic RSI crossing over at the middle, and the CCI around zero.
- The pair is facing **strong resistance** at the **$52,000 USD** level, which is the upper boundary of the range, the 50% Fibonacci retracement level of the recent decline from $69,000 USD to $43,130 USD, and a previous support-turned-resistance level.
- The pair is also facing **weak support** at the **$40,000 USD** level, which is the lower boundary of the range, the 23.6% Fibonacci extension level of the same decline, and a psychological round number.
- A possible **entry point** for a short position is at the **$50,778 USD** level, which is the 38.2% Fibonacci retracement level and a previous support-turned-resistance level.
- A possible **exit point** for a short position is at the **$41,222 USD** level, which is the 161.8% Fibonacci extension level and a previous resistance-turned-support level.
- A possible **entry point** for a long position is at the **$41,222 USD** level, which is the 76.4% Fibonacci retracement level and a previous support-turned-resistance level.
- A possible **exit point** for a long position is at the **$50,778 USD** level, which is the 23.6% Fibonacci retracement level and a previous resistance-turned-support level.
Please follow me for more #XRP #tradingranges
- The XRP/USD pair is trading at **0.50667 USD** as of 07:42:15 GMT+02:00 on February 6, 2024.
- The pair is in a **sideways trend** on the one hour chart, as indicated by the price fluctuating between the **0.50000 USD** and **0.52000 USD** levels, and the moving averages converging around the price.
- The pair is **neutral** on the one hour chart, as indicated by the RSI around 50, the Stochastic RSI crossing over at the middle, and the CCI around zero.
- The pair is facing **strong resistance** at the **0.52000 USD** level, which is the upper boundary of the range, the 50% Fibonacci retracement level of the recent decline from 0.53333 USD to 0.50667 USD, and a previous support-turned-resistance level¹²³.
- The pair is also facing **weak support** at the **0.50000 USD** level, which is the lower boundary of the range, the 23.6% Fibonacci extension level of the same decline, and a psychological round number¹²³.
- A possible **entry point** for a short position is at the **0.51778 USD** level, which is the 38.2% Fibonacci retracement level and a previous support-turned-resistance level¹²³.
- A possible **exit point** for a short position is at the **0.50222 USD** level, which is the 161.8% Fibonacci extension level and a previous resistance-turned-support level¹²³.
- A possible **entry point** for a long position is at the **0.50222 USD** level, which is the 76.4% Fibonacci retracement level and a previous support-turned-resistance level¹²³.
- A possible **exit point** for a long position is at the **0.51778 USD** level, which is the 23.6% Fibonacci retracement level and a previous resistance-turned-support
- The XRP/USD pair is trading at **0.50667 USD** as of 07:42:15 GMT+02:00 on February 6, 2024.
- The pair is in a **sideways trend** on the one hour chart, as indicated by the price fluctuating between the **0.50000 USD** and **0.52000 USD** levels, and the moving averages converging around the price.
- The pair is **neutral** on the one hour chart, as indicated by the RSI around 50, the Stochastic RSI crossing over at the middle, and the CCI around zero.
- The pair is facing **strong resistance** at the **0.52000 USD** level, which is the upper boundary of the range, the 50% Fibonacci retracement level of the recent decline from 0.53333 USD to 0.50667 USD, and a previous support-turned-resistance level¹²³.
- The pair is also facing **weak support** at the **0.50000 USD** level, which is the lower boundary of the range, the 23.6% Fibonacci extension level of the same decline, and a psychological round number¹²³.
- A possible **entry point** for a short position is at the **0.51778 USD** level, which is the 38.2% Fibonacci retracement level and a previous support-turned-resistance level¹²³.
- A possible **exit point** for a short position is at the **0.50222 USD** level, which is the 161.8% Fibonacci extension level and a previous resistance-turned-support level¹²³.
- A possible **entry point** for a long position is at the **0.50222 USD** level, which is the 76.4% Fibonacci retracement level and a previous support-turned-resistance level¹²³.
- A possible **exit point** for a long position is at the **0.51778 USD** level, which is the 23.6% Fibonacci retracement level and a previous resistance-turned-support
See original
Solana has an active community and strong support from large investors and institutions. These support include well-known organizations such as FTX and Alameda Research, which enhances investor confidence in the coin. Growing applications and projects: Many projects and applications have been developed on the Solana network, including decentralized finance (DeFi) protocols and digital markets (NFTs), which enhance From the use of currency and its value.
#solana #Binance #Web3 #tradingranges #Binance
#solana #Binance #Web3 #tradingranges #Binance
Last trade ended up being a loser. A small loss.
Keep in mind:
In bull trend buy above and below the bars!📈
In bear trend sell above and below the bars!📉
In trading ranges sell the highs and buy the lows!
#BullRun🐂 #BEARISH_MARKET #tradingranges
Follow for more
Keep in mind:
In bull trend buy above and below the bars!📈
In bear trend sell above and below the bars!📉
In trading ranges sell the highs and buy the lows!
#BullRun🐂 #BEARISH_MARKET #tradingranges
Follow for more