The price of $TWT is currently in a downtrend. However, a recent bullish breakout from a Falling Wedge pattern indicates potential for upward movement.
Recent Price Action: The asset has reached the $1.00 resistance level but has been rejected there on three separate occasions, suggesting this level is a strong barrier.
Key Technical Levels:
Resistance: $1.00 This level has proven to be a significant point of rejection. Support: $0.80 This zone presents a potential entry point for traders looking to capitalize on a bounce. Stop Loss: $0.76 A stop loss below this level will help mitigate risk in case the price continues to decline.
Trading Strategy: Entry Point: Consider initiating a long position on pullbacks to $0.80, which serves as a support level. Profit Target: Set a target at $1.00, offering approximately +25% upside potential from the entry point. Risk Management: Implement a stop loss at $0.76 to protect against adverse price movements.
Conclusion : This setup presents a potential swing trading opportunity with a favorable risk-to-reward ratio. Monitor market conditions and price action closely before execution to ensure optimal entry and management of the position.
The current stability of $SNT at $0.017 presents an opportunity for upward movement, with a potential target of $0.038. However, it is important to consider the support level of $0.013 in case of resistance. The actions of $ARB may significantly influence this trend. It is worth noting that a substantial 180% increase was observed during the recent rally.
#Reef /USDT has demonstrated a similar pattern to the one we provided for NEIRO/USDT. We anticipate a minor breakout, after which the price may rise to levels between 0.0049 and 0.0058.
The previous resistance zone at **0.002175** has been broken, and the price is now approaching the next key resistance around **0.0025**. There is a high probability of rejection at this level, which could lead to a pullback towards the **0.0019 support zone**.
Keep an eye on price action near these critical levels as they could signal potential trading opportunities.
The previous resistance zone at **0.002175** has been broken, and the price is now approaching the next key resistance around **0.0025**. There is a high probability of rejection at this level, which could lead to a pullback towards the **0.0019 support zone**.
Keep an eye on price action near these critical levels as they could signal potential trading opportunities.
Price is trading in a Sideways Channel ($120 - $190). Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. (SL) at $108
The three major coins, $BNB , $BTC , and $ETH , are currently experiencing slight dips in value, as shown in the image. Binance Coin (BNB) is priced at $512.1, with a decline of 0.89%. Bitcoin (BTC) follows with a value of $56,332.01, showing a more modest drop of 0.64%. Ethereum (ETH), the third featured coin, is priced at $2,332.01, with a minimal decline of 0.56%. These percentages suggest a minor pullback in the market, likely due to short-term profit-taking or market correction.
Despite the slight decreases, these coins remain hot assets, offering a potential buying opportunity for investors looking to enter the market on a dip. BNB, BTC, and ETH have shown resilience in previous market downturns, making them key players for any crypto portfolio. Traders should keep a close eye on support levels for these assets and consider entering long positions as these coins stabilize.
Double Bottom is one of the most common reversal patterns found after a downtrend. The Double Bottom pattern is very similar in nature to the Double Top pattern. These figures are identical, with the only difference being that they seem to be a reflection of each other. As you have probably already guessed, the Double Bottom figure consists of two approximately equal bottoms, between which there is a small ascent. Sometimes the Double Bottom is called the letter of the Latin alphabet "W" because of the obvious similarity.
As a rule, a classic Double Bottom foreshadows at least a small change in the direction of price movement for a financial instrument. It is important to note that many potential Double Bottoms can be seen in a downtrend, but for a certain combination of prices in time to be called a Double Bottom pattern, confirmation and completion of the pattern is required. The main price movement that confirms a Double Bottom is the crossing of the neckline (resistance level) from bottom to top. Also, my team and I recommend to wait for the retest of the broken level - it gives us additional confirmation that the price will go in our direction (i.e. continue to grow).
For a complete view of the Double Bottom, we will go over all the necessary chart components to form this pattern:
1. A downtrend is necessary before the Double Bottom, because the Double Bottom is a reversal pattern (a downtrend is needed to have something to reverse). 2. The first bottom marks the local minimum and the lowest point on the current trend. The first bottom does not jeopardise the trend, as there may be many more outcomes at this stage. (The first bottom marks the line of lower support.) 3. A climb should occur after the first bottom; the climb is usually 10-20% of the first bottom price. Ascent highs are usually rounded up and equalled to form a resistance line. 4. A second bottom is formed after the ascent and is usually accompanied by low trading volume. As a rule, the second bottom confirms the support line from the first bottom, but small deviations are possible. 5. Price growth after the second bottom should be accompanied by increased trading volume. At this stage, the pattern is almost confirmed; only resistance remains to be tested. 6. Crossing the resistance line from bottom to top - full completion and confirmation of the Double Bottom pattern. As a rule, the crossing is accompanied by increased trading volume and rapid price growth. 7. Resistance turns into support after confirmation of the Double Bottom.
$BTC Movement 🚨 You get scared, i zoom out, seeing bigger picture and broader perspective is all you need to understand, because you are not here for days or months, you are here until you get Financial Freedom at any cost, no matter what comes next, btw September will clear the clouds, Its just matter of time, Final quarter will be wild,
You get scared, i zoom out, seeing bigger picture and broader perspective is all you need to understand, because you are not here for days or months, you are here until you get Financial Freedom at any cost, no matter what comes next, btw September will clear the clouds,Its just matter of time, Final quarter will be wild, 🔥🐂
Take Small Risk Entry Zone For Long : 0.58$ - 0.56$
Stoploss : 0.535
Target : 0.59$ - 0.6$ - 0.61$ - 0.62$ - 0.63$ is the last target Because of Some Resistance Zone on 0.63$ if it breaks then We will See 0.7 - 0.75$ & All time High 🎊
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