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BAT: Double FVG and CHoCH Point to a Strong Upward Move! 🌟💎 Paradisers, #BATUSDT has shown a Fair Value Gap (FVG) twice after taking liquidity and displayed a Change of Character (CHoCH) towards the bullish market structure, increasing the likelihood of a bullish move. 💎 If the price shows a pullback and indicates bullish signs from the FVG and Bullish Order Block (OB), which is supported by the Fibonacci 0.5 and 0.618 levels, then we can expect a bullish move. 💎 In the case the price falls without any bullish signs in these key areas, we can anticipate a bounce from the demand zone. 💎 However, if the price shows panic selling and falls below the demand zone as well, it will invalidate our entire idea. In this scenario, it would be better to ignore it and wait for more favorable price action to develop.
Long
by MyCryptoParadise_Nathan
GALA: Can We Expect a Major Bullish Reversal? 🌟💎 Paradisers, #GALAUSDT has broken out of the resistive trendline and formed a cup and handle pattern, which increases the likelihood of a reversal from here. 💎 If #GALA breaks above the resistance zone and closes a candle above it, this will validate the cup and handle pattern, and we can expect a bullish move. 💎 In the case of a pullback, we can expect a bounce from the demand zone. 💎 However, if there is a breakdown of the demand zone, it will invalidate the cup and handle pattern and the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
#Ethereum Breakout: Will ETH ETF Decision Propel Prices to $6000#Ethereum Eyes Breakout: Will ETH ETF Decision Propel Prices to $6000? CRYPTOCAP:ETH is showing bullish signs with a falling wedge/bull flag pattern and a strong bounce off support. ETH ETF decision on Thursday. Deadlines for 4 ETF issuers are at the end of this month, starting May 23rd. Potential Targets: - Approval: #ETH could soar to $5000-$6000. - Rejection: ETHUSDT might drop to $2500-$2000. Conversely, a rejection, especially if based on the classification of tokens as securities, could lead to a downturn in ETH and #DeFi assets. Strategy: Consider a spot long position, but avoid excessive leverage due to potential volatility. Stay informed and trade smart.
Long
by CryptoPatel
MYRO: Potential Rally to Key Liquidity Zones! 💎 Paradisers, #MYROUSDT has formed a kind of triangle pattern and, in lower timeframes, has shown a Change of Character (CHoCH) towards the bullish market structure, which increases the likelihood of a bullish move. 💎 If #MYRO closes a candle above the resistance zone, it will enhance the probability of a bullish move, and then we can target the next liquidity areas like the previous inversion zone or swings. 💎 In the case of a pullback, we can anticipate a triple bottom structure from the support level, so a bounce is expected from here. Finding signs of CHoCH towards the bullish side will be better for confirmation, with a small stop loss. 💎 However, if a candle closes below the support level, it will invalidate our idea, and in that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
#Bitcoin Elliott Wave Count Analysis ( Ready for $44000 ?)#Bitcoin Elliott Wave Count Analysis Intermediate Degree: ▪️We are observing a potential wave (3) down of a descending impulse on the 1-day chart. ▪️Target: $48,000 - $44,000. Primary Degree: ▪️The 1-day chart suggests wave C down of a zigzag pattern is in progress. ▪️Target: $58,000 - $61,000. Cycle Degree: ▪️At the cycle degree, wave ((ii)) down of an ascending diagonal appears to be forming. ▪️Target: $52,000 - $58,000. Disclaimer: This analysis is based on current market conditions and the Elliott Wave Theory. Always conduct your own research before making trading decisions. Stay tuned for more updates and detailed insights. Please Like/RT & Appreciate
Short
by CryptoPatel
1
🚀ICP Breakout Alert: Get Ready for the Surge 🌟💎 Paradisers, #ICP has broken out of a descending channel and formed an inverse head and shoulders pattern, increasing the likelihood of a bullish move. 💎 The candle has closed above the resistance level, but I am expecting a slight retracement to trap buyers. We can then anticipate a bullish movement from the Fair Value Gap (FVG) zone. Be cautious here and look for bullish signs. 💎 Price may also retrace from here and find support at the bullish Order Block (OB) level, after which we can expect a bounce. So, design your strategy for #ICPUSDT accordingly. 💎 However, if the price shows a fall or panic selling and breaks down below the bullish OB and the right shoulder of the inverse head and shoulders pattern, it will invalidate the bullish signs. In this case, it would be better to avoid it and wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
NEAR: Bullish Momentum Building with Inverse H & S🚀💎 Paradisers, #NEAR has formed an inverse head and shoulders pattern, enhancing the probability of a bullish move. 💎 Price action has shown a Change of Character (CHoCH) and a Break of Structure (BOS) in lower timeframes. You can observe that #NEARUSDT has also bounced from the Fair Value Gap (FVG) zone, and currently, the price has shown an FVG, so we can expect a bounce from these levels. Be cautious here; there is also a bullish Order Block (OB) and a supportive trendline aiding the bulls, so considering stop losses here would be logical. 💎 For confirmation of the inverse head and shoulders, we need a breakout and a candle closing above the resistance zone. 💎 However, if the price shows a fall or panic selling and breaks down below the bullish OB and supportive trendline, it will invalidate the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
Long
by MyCryptoParadise_Nathan
LINKUSDT: Potential Reversal in Progress!🚀💎 Paradisers, #LINK has broken out of the resistive trendline and is beginning to show signs of a reversal. 💎 If #LINKUSDT breaks above the resistance zone, it will confirm the breakout of a triple bottom pattern, enhancing the probability of a bullish move. 💎 In the case of a pullback, we can expect a bounce from the demand zone, but note that the probability of success is lower than the breakout of the triple bottom, so manage your risk carefully. 💎 However, if the price breaks down below the demand zone, it will invalidate the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
Long
by MyCryptoParadise_Nathan
Alert: AEVO Down -80% from Its All-Time High, What Next ?AEVO Down -80% from Its All-Time High AEVO, listed on Binance on March 13, 2024, experienced a significant price movement shortly after its listing. Within 15 days, AEVO hit an All-Time High (ATH) of $3.94 from its listing price of approximately $2.80. Current Status: Current Price: $0.76 Down -80% from ATH Technical Analysis Highlights: - The chart indicated a clear exit point at the breakdown of the $2.93 support level. - An alert was triggered when a bearish flag formed last month, followed by a breakdown and retest at the $1.46 level. - It's crucial to learn from market movements and avoid trading blindly. Many investors who entered at the ATH are now facing an -80% decline. Investment Impact: An investment of $100,000 at ATH is now worth only $20,000. Trade smartly, guys! Always perform thorough analysis and stay vigilant with market signals. Like and Share with your friends.
Short
by CryptoPatel
1
🚀SOL Breakout: Potential Bullish Momentum Ahead!💎 Paradisers, #SOL has broken out of the resistive trendline and formed a cup and handle pattern, increasing the likelihood of a bullish move. 💎 If #SOLUSDT breaks above the resistance zone, it will validate the cup and handle pattern, and we can anticipate a bullish move. 💎 In the event of a pullback, we can expect a bounce from the demand zone, but be cautious in this area, as it could also lead to a sharp decline. 💎 However, if there is a breakdown below the demand zone, it will be considered an invalidation of the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
Long
by MyCryptoParadise_Nathan
VANRY Triangle Pattern Indicates Potential Breakout!💎💎 Paradisers, #VANRY has formed a triangle pattern and is showing compression, which could soon lead to a significant move. 💎 If #VANRYUSDT breaks above the resistance zone, we can expect a bullish move up to the next resistance levels. 💎 In the case of a pullback, we can expect a bounce from the demand zone and supportive trendline. 💎 However, if the price breaks down below the demand zone, it will invalidate the bullish signals. In that scenario, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
LSK Forms Inverse Head and Shoulders Pattern, Eyes Bullish Break💎 Paradisers, #LSK has formed an inverse head and shoulders pattern, enhancing the probability of a bullish move. 💎 If #LSKUSDT breaks out of the resistance zone, we can anticipate a bullish move as it will confirm the inverse head and shoulders pattern. In that case, targets can be set until the next resistance levels. 💎 In the case of a pullback, we can expect a bounce from the demand zone and supportive trendline. 💎 However, if the price breaks down below the demand zone, it will invalidate the bullish signals. In that scenario, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
Technical Analysis Update: DXY & Bitcoin Price Correlation Technical Analysis Update: DXY & Bitcoin Price Correlation DXY Overview: The US Dollar Index (DXY) is currently trading at a pivotal support level of $105. This level is crucial as it has played a major role in dictating the next moves for Bitcoin. Bitcoin Price Implications: If DXY Bounces: Should the DXY rebound from the $105 support level, we might see a bearish impact on Bitcoin, potentially driving BTC prices down towards the $50,000 mark. If DXY Breaks Down: Conversely, if the DXY fails to hold this support and breaks below $105, it could signal a bullish scenario for Bitcoin, with price targets possibly reaching up to $75,000. What to Watch: Traders should keep a close eye on the DXY's behavior at the $105 support. A confirmed bounce or breakdown will be pivotal in setting the next direction for BTC prices. Action Steps: - Monitor DXY closely for any signs of reversal or continuation patterns at the support level. - Prepare for potential volatility in BTC prices in response to DXY movements. Stay Tuned: Follow for more updates.
TVC:DXYLong
by CryptoPatel
🚀 AI Breaks Out of Channel, Forms Bullish Cup and Handle!💎 Paradisers, #AI has broken out of the descending channel and formed a cup and handle pattern, which increases the likelihood of a bullish move. 💎 If #AIUSDT breaks above the resistance level, we can expect a bullish move up to the next resistance level. 💎 In the case of a pullback, we can anticipate a potential triple bottom pattern from the demand level, so be cautious here. It can provide a good risk-reward (RR) long setup from this point. 💎 However, in the case of a breakdown of the demand level, it will invalidate all the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
Bullish Breakout Alert: #NFP Forms Cup and Handle Pattern!🌴💎 Paradisers, #NFP has broken out of the resistive trend line and, after breaking down its previous swing, is now forming a cup and handle pattern, which is a bullish reversal pattern and appears to be a bear trap. 💎 If #NFPUSDT closes a candle above the resistance level, we can expect a bullish move. This zone likely contains many stop losses placed by bears, which will start to get triggered once the price moves above it, leading to a bullish move up to the next resistance levels. 💎 However, if the price breaks down below the bullish invalidation level, it will invalidate the cup and handle pattern. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
Get ready to ride the avalanche with #AVAX! 🏔️💎 Paradisers, #AVAX has formed a 'W' pattern on the bullish Order Block (OB) zone, which enhances the probability of a bullish move. 💎 If #AVAXUSDT breaks out above the resistance level, we can set targets for the next resistance levels. 💎 In the case of a pullback, we could potentially see a triple bottom if the price shows bullish signs at the bullish OB. 💎 However, if the price breaks down below the bullish OB, it will invalidate the bullish signals. In that case, it's best to wait for better price action to develop.
by MyCryptoParadise_Nathan
FIL is gearing up for a potential bullish breakout🚀💎 Paradisers, #FIL has formed a 'W' pattern on the bullish Order Block (OB) and has the potential to form a triple bottom on a pullback. 💎 If #FILUSDT breaks out from the 'W' pattern, then we can anticipate a bullish move up to the next resistance zone. Ensure you wait for a confirmed candle close. 💎 In the case of a pullback, we could see a potential triple bottom, but make sure to wait for confirmations before acting. 💎 However, if the price breaks down below the bullish OB without confirmation, it will invalidate the bullish outlook. In this scenario, it's best to wait for better price action to develop.
by MyCryptoParadise_Nathan
Why "V" Shape Happened Last week in #Bitcoin ?Why "V" Shape Happened Last week in #Bitcoin ? High Risk-to-Reward Reversal Trades - Whales in Action: Big traders can manipulate the market to fill long positions. By driving prices down, they trigger stops/liquidations, then enter positions at favorable liquidity levels. Once the liquidity is absorbed, prices reverse upwards. - Liquidation Levels: Massive pressure on one side of the order book can lead to price reversals after liquidation levels are hit. - All Liquidation Levels Hit: If all liquidation levels in one direction are exhausted, there's minimal liquidity left, causing a natural price reversal. Opportunities for Traders: 1⃣ These reversals can mark local tops/bottoms, offering high risk-to-reward trades. 2⃣ Use tight stop losses and further take profits for maximum reward. 3⃣ Increase your chances by finding confluence with other indicators or support/resistance levels. CRYPTOCAP:BTC #BitcoinETF
by CryptoPatel