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IDEA: 🚀 Keep an Eye on Breakout Levels and Support Zones💎IDEAUSDT has recently exhibited signs of a bullish market structure, showing characteristics of CHoCH (Change Of Character) and BOS (Break Of Structure). Additionally, it has formed a W pattern, indicating a potential bullish reversal. 💎A breakout above our resistance area would confirm a successful retest and signal further upward movement towards the next resistance levels. 💎In case of a pullback, we can anticipate a bounce from the previously broken resistance zone, which now serves as support. This level is further reinforced by the presence of a 50% Fibonacci retracement, adding to its significance. 💎However, if the price were to decline below the support zone, it may signal a bearish shift. Nevertheless, I would advise exercising caution and refraining from making hasty decisions based solely on this development at present.
by MyCryptoParadise_Nathan
SNX: Keep an Eye on Breakout Levels🚀💎Paradisers, #SNX has recently displayed CHoCH and BOS, indicating a bullish market structure, and formed a cup and handle pattern, suggesting a potential bullish reversal. 💎If #SNXUSDT manages to break above the resistant level, it could signify further upward movement, with potential targets towards the next swing resistant levels. 💎In the event of a pullback, we can anticipate a bounce from the bullish OB, especially if accompanied by bullish candlestick patterns in this area. 💎However, if the price breaks down below this area, technically signaling a bearish scenario, it would be prudent to ignore it, considering the prevailing bullish sentiment in the market.
by MyCryptoParadise_Nathan
🚀 Watch for Breakout Confirmation and Potential Upside Targets!💎Paradisers, #QNT has recently broken out of a trendline, exhibited CHoCH in its price action, and formed an inverse head and shoulders pattern, all indicating a potential bullish move. 💎If #QNTUSDT manages to break above the resistance area, it suggests a continuation of the bullish momentum, with potential targets towards the next resistance area. 💎In the event of a pullback, we can anticipate a bounce from the demand area, especially if accompanied by bullish candlestick patterns. 💎However, if the demand area breaks down, technically signaling a bearish scenario, it would be prudent to ignore it, considering the prevailing bullish trend in the market.
by MyCryptoParadise_Nathan
ONDO: Watch for Potential Shift 🚀💎 ONDO is currently demonstrating a bullish market structure, notably breaking above the bearish order block (OB) with a fair value gap (FVG), indicating a potential shift in sentiment. 💎With ONDOUSDT breaking above the bearish OB, it is now considered a Breaker Block (BB). If the price retraces below the BB and touches the FVG, particularly in the discount zone (Below FIB 50%), and exhibits signs such as CHoCH (Change of Character) or any other bullish indications, it suggests that liquidity within the inner range has been absorbed, potentially setting the stage for a move towards external range liquidity. 💎In simpler terms, I anticipate a bullish move from either the Bullish OB level or the FVG if the price shows signs of CHoCH or other bullish signals. 💎However, if the price breaks down below the bullish OB and the supportive trendline, it would technically be considered bearish. Nevertheless, considering the overall bullish trend in the market, I would disregard this bearish scenario and wait for clearer bullish signals before adjusting trading strategies.
by MyCryptoParadise_Nathan
DOT Sparks Potential Bullish Reversal with Inverse H & S💎 #DOT is currently demonstrating a bullish market structure, notably forming an inverse head and shoulders pattern. This pattern typically signifies a potential bullish reversal. 💎If #DOTUSDT manages to break above the high , it would confirm the breakout and could lead to further upward movement, with potential targets being the next resistance levels. 💎In the event of a pullback, traders may anticipate a bounce from the bullish order block (OB) level, providing support to the bullish bias. 💎However, if the price breaks below the bullish OB level, it would invalidate the pattern and increase the probability of a bearish trend. In such a scenario, it is advisable to exercise caution and wait for clearer price action signals before making trading decisions.
by MyCryptoParadise_Nathan
📌 Watch for $FET's liquidity absorption💎 FET appears poised to absorb internal liquidity, as indicated by the formation of a pin bar candle, reminiscent of previous instances. 💎If FETUSDT demonstrates CHoCH behavior from the bullish Order Block (OB), it suggests that internal liquidity has been absorbed, potentially paving the way for a renewed bullish trajectory. 💎However, a breakdown below the bullish OB would signify a bearish market structure. Nonetheless, given a bullish long-term outlook on FET, I will monitor for more favorable price action, particularly towards the bullish side, noting the presence of a small demand area below.
Long
by MyCryptoParadise_Nathan
🚀 Exciting times for $SUI! 📈 Cup & Handle pattern spotted💎 SUI has formed a Cup & Handle pattern with a bullish market structure, enhancing the likelihood of a bullish continuation. 💎 If SUIUSDT successfully breaks above the resistance level, it would validate the pattern and signal potential targets towards subsequent resistance levels. 💎 In the event of a pullback, a bounce from the bullish Order Block (OB) is anticipated, especially considering the presence of a supportive trendline, which could further bolster the rebound. 💎 However, a breakdown below the bullish OB would indicate a bearish sentiment and invalidate the pattern. In such a scenario, it's advisable to refrain from trading and wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
BAND: Inverse Head & Shoulders pattern spotted. 🚀💎BAND is exhibiting signs of CHoCH (Change of Character) and BOS (Break Of Structure) towards a bullish market structure. Additionally, it has formed an inverse head and shoulders pattern, which increases the probability of a reversal. 💎If BANDUSDT manages to break out above the neckline and resistant area of the inverse head and shoulders pattern, it could indicate a bullish move towards the next resistant levels. 💎In the event of a pullback, we can anticipate a bounce from the demand level. 💎However, if the price breaks down below the bullish demand level, it would be considered a bearish scenario. In such cases, it's advisable to ignore it and wait for better price action to form before making any decisions.
Long
by MyCryptoParadise_Nathan
LSK: Potential Trap Scenario?🔍💎 LSK is approaching a retest of the previously broken resistance zone, which may now act as support. However, it's important to consider a few points before making any trading decisions. 💎It's possible that LSKUSDT will attempt to trap traders by momentarily touching the supportive trendline before pushing upward. This could coincide with a potential pullback in BTC, which could influence LSK's price action. 💎If LSK demonstrates bullishness and breaks above the lower high (LH), it could signal a bullish move, although the probability of this outcome may be lower compared to finding support from the supportive trendline. 💎In the event of a breakdown below the support zone and supportive trendline, it would be considered bearish. However, it's advisable to wait for better price action confirmation before taking any action and to ignore it until clearer signals emerge.
by MyCryptoParadise_Nathan
🚀 Eyes on $SHIB! 🐕 Potential Breakout Opportunity! 💎 SHIBUSDT presents a potential opportunity if it manages to break above the resistance zone and resistive trendline. 💎Currently, SHIBUSDT is forming a W pattern at the Bullish Order Block (OB) level, indicating a potential bullish move following a breakout above the resistance and trendline. 💎In the event of a pullback, we might anticipate another bounce from the Bullish OB, although the likelihood of a successful bounce may diminish. 💎However, should SHIBUSDT break below the Bullish OB level, it would signal a bearish scenario. In such cases, it's advisable to wait for clearer price action before making any decisions.
Long
by MyCryptoParadise_Nathan
Keeping an Eye on $VET! 📈 Potential Bullish Move Amid Pullback💎VET is currently exhibiting a bullish market structure and undergoing a pullback. 💎If VETUSDT demonstrates an Internal Change of Character (I CHoCH), it could indicate a bullish move, especially since it has touched the previous resistance zone, which may now act as support after being broken. 💎In the event of a breakdown below this zone, a bounce can be expected from the supportive trendline, but confirmation is necessary before making any bullish decisions. 💎However, if both of these key bullish levels are breached, it would be considered a bearish scenario. It's advisable to refrain from trading until clearer price action for the bearish side emerges.
by MyCryptoParadise_Nathan
Potential Bullish Move for $ARB!🚀 💎 ARB is currently finding support from a supportive trendline, indicating a potential bullish move in the near future. 💎A bullish move is expected above the resistance level, with targets expected to reach until the next resistant levels. 💎In the event of a breakdown below the trendline, the price may find support at the previous resistance level, which could now act as support now. Confirmation via a bullish candlestick pattern would be essential in this scenario. 💎However, if ARBUSDT breaks down below both of these levels, it would be considered bearish. It's advisable to wait for better price action to form in such cases before making any trading decisions.
by MyCryptoParadise_Nathan
FLOW: Watch for Bullish Confirmation at Support Level. 🚀💎 FLOW has broken out of a resistant zone and is now poised to retest that level. 💎 If FLOWUSDT demonstrates any bullish confirmation at this level, it could potentially act as support, and we may anticipate targets until the next resistant levels. 💎 However, if the price breaks down below this level, we can expect a bounce from the bullish OB. Confirmation via a bullish candlestick pattern would be necessary in this scenario. 💎 In the event of a breakdown below the bullish OB, it would be considered bearish. In such cases, it's advisable to wait for better price action before making any decisions.
by MyCryptoParadise_Nathan
👑Bitcoin Analysis: Trading Amid Price Correction📉🔍Today is Tuesday, and it's a favorable day for trading. The cryptocurrency I'm analyzing today is Bitcoin. In the initial candle of the day, Bitcoin experienced a downward movement of around 6%, reaching a support level of $63,054. We need to observe its behavior in the subsequent candles around this support level. 🌊From a Elliott Wave Theory perspective, we've seen a reversal in the lower wave cycle on the 4-hour chart, indicating a minor downturn. However, in the higher wave cycle, Bitcoin remains predominantly bullish, and this correction appears to be a minor adjustment necessary for subsequent upward movements.It's important to note that these corrections on higher time frame charts can shape long-term trends, potentially providing profitable opportunities on lower time frame charts like the 4-hour. 💪The latest key level where price bounced back is around $68,100, forming a strong Potential Reversal Zone (PRZ). This zone coincides with the Point of Control (POC) indicator of the fixed range volume profile, the 0.38 Fibonacci retracement level of the downward wave, and the resistance line of the Elliott Wave Theory. Additionally, the golden cross of the SMA7, 25, and 99 further strengthens this zone. 📊The volume of red candles confirms the short-term downward trend but currently doesn't show any weakness. We need to monitor how the volume behaves in case of a correction. ✅For traders holding short positions, consider taking profits if the price finds support at $63,054. Otherwise, exercise patience and wait for a potential drop to $60,849. If the price sharply rises, take pleasure in your profits. For risk management, set your stop-loss if the sharp upward movement occurs, as it could happen easily due to the overall bullish trend. 📉If you don't currently have a position, wait for the market to establish a new structure before taking any action. If you're unable to wait for a new structure to form, consider opening a short position when the RSI enters oversold territory. However, be aware that this is a risky move. By considering these factors, traders can identify potential trading opportunities amidst Bitcoin's price correction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
🚀 Exciting Developments for $KSM! 💎 KSM has exhibited signs of Change of Character (CHoCH) and formed an inverse head and shoulders pattern, enhancing the likelihood of a bullish move. 💎If KSMUSDT breaks out above the resistant zone, it would confirm the inverse head and shoulders pattern, and we can anticipate targets till the next resistant levels. In the event of a pullback, a bounce from the bullish order block (OB) level can be expected. 💎However, if the price breaks down below the level of the bullish OB, which also corresponds to the right shoulder of the pattern, the validity of the pattern will be compromised.
Long
by MyCryptoParadise_Nathan
Link: Waiting for Bullish Confirmation at Key Levels. 🚀💎 LINK is currently approaching its supportive trendline, We can also viewed it as an ascending channel because of above resistive trendline. 💎There's a likelihood of a bounce from this supportive trendline, but I anticipate a potential breakdown of the trendline to capture liquidity down to the bullish order block (OB). Even in this scenario, I'll be waiting for bullish confirmation at both levels. 💎If the price falls and breaks below the bullish OB, it would be considered a Change of Character (CHoCH) and a bearish sign. However, I'm not inclined to give much weight to the bearish trend unless Bitcoin starts exhibiting a bearish structure.
by MyCryptoParadise_Nathan