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VRA/USDT: Triangle Pattern Hints at Two Possible Scenarios 💎 Attention Paradisers, Let's dive into VRA/USDT on the daily chart.We’re seeing a triangle pattern, Signalling 2 scenarios. Here's what to watch for: 💎 To confirm a bullish scenario, we're looking for a breakout above the triangle pattern. However, for stronger confirmation, keep an eye on a breakout above the resistance and LH (Lower High) level at 0.00488725. This breakout could lead to a bullish run targeting the next resistance zones at 0.00588356 and 0.00758609. 💎 Conversely, if the bears take control, we'll want to see a breakdown of the current demand area. Once broken, this demand area may turn into resistance. In that case, a bearish move could be expected, with potential targets at the next demand areas of 0.00378079, 0.00302307, 0.00254326, and 0.00219467. 💎 Stay vigilant and adapt your strategy accordingly based on these key levels, ParadiseSquad!
by MyCryptoParadise_Nathan
1
JUV/USDT Analysis: Head and Shoulders Pattern Points Bearishness💎 Attention Paradisers, Let's take a look at JUV/USDT on the hourly chart. We're seeing a classic head and shoulder pattern forming, signaling a potential bearish shift. The left shoulder and head are showing higher highs, while the right shoulder is indicating a lower high, suggesting a change in momentum. 💎 If the price breaks below the crucial neckline and demand zone at 2.098, we could be in for a ride down to the next demand levels at 2.049, 2.013, and 1.985. 💎 Keep your eyes peeled and your strategies ready, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
ICP/USDT: Bearish Head and Shoulders Pattern - Stay Alert!💎 Paradisers, Let's dive into ICP/USDT on the daily chart. We're spotting a head and shoulder pattern. Now, while this pattern's reliability isn't typically strong near market bottoms, the overarching bearish sentiment in both ICP and the broader crypto market boosts the likelihood of this pattern playing out. 💎 For the bears to take control, we need to see a breakdown below the pivotal level of 3.146, followed by a retest. If that happens, we could be looking at a slide down to the next demand zones at 2.314 and 1.792. 💎 Keep your trading strategies flexible and stay alert, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
ADA/USDT: Pattern Convergence Sparks Bearish Warning!💎 Hey ParadiseSquad, let's zoom into ADA/USDT on the weekly chart. We're seeing a unique blend of an inverse cup and handle pattern coupled with an M pattern. This combination is hinting at a bearish outlook. 💎 For this bearish scenario to unfold, we need a confirmed breakdown below the critical demand level of 0.2337. If that happens, we could aim for the next demand zones at 0.1783, 0.1451, and 0.1115. Remember, we're looking for a solid close and retest of this level before considering any bearish moves. 💎 On the flip side, if the price ascends past 0.3770, this pattern would be nullified, signaling a potential bullish reversal. 💎 Keep your eyes peeled and trade smart, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
BTCUSD | D TF | ANALYSIS elliott wave.Time for a retracement? in this snapshot, btc completed 5th impulsive wave now its time for corrective wave. am expecting 25k. Elliott Wave Theory: What It Is and How to Use It What Is the Elliott Wave Theory? The Elliott Wave Theory in technical analysis describes price movements in the financial market. Developed by Ralph Nelson Elliott, it observes recurring fractal wave patterns identified in stock price movements and consumer behaviour. Investors who profit from a market trend are described as riding a wave. How Elliott Waves Work, Some technical analysts profit from wave patterns in the stock market using the Elliott Wave Theory. The theory assumes that stock price movements can be predicted because they move in repeating up-and-down patterns called waves created by investor psychology or sentiment. The theory is subjective and identifies two different types of waves: motive or impulse waves, and corrective waves. Wave analysis does not equate to a template to follow instructions. Wave analysis offers insights into trend dynamics and helps investors understand price movements. Impulse and corrective waves are nested in a self-similar fractal to create larger patterns. For example, a one-year chart may be in the midst of a corrective wave, but a 30-day chart may show a developing impulse wave. A trader with this Elliott wave interpretation may have a long-term bearish outlook with a short-term bullish view. Impulse Waves Impulse waves consist of five sub-waves that make net movement in the same direction as the trend of the next-largest degree. This pattern is the most common motive wave and the easiest to spot in a market. It consists of five sub-waves, three of which are motive waves. Two are corrective waves. Elliott Wave Theory Image by Julie Bang © Investopedia 2020 Labelled as a 5-3-5-3-5 structure: Wave 2 cannot retrace more than 100% of the first wave The third wave can never be the shortest of waves 1, 3, and 5 Wave 4 can't go beyond the third wave at any time If one rule is violated, the structure is not an impulse wave. The trader would need to re-label the suspected impulse wave. Corrective Waves Corrective waves, called diagonal waves, consist of three, or a combination of three sub-waves that make net movement in the direction opposite to the trend of the next-largest degree. Its goal is to move the market in the direction of the trend. The corrective wave consists of 5 sub-waves. The diagonal looks like either an expanding or contracting wedge. The sub-waves of the diagonal may not have a count of five, depending on what type of diagonal is being observed. Each sub-wave of the diagonal never fully retraces the previous sub-wave, and sub-wave 3 of the diagonal may not be the shortest wave. Elliot Wave Theory vs. Other Indicators Elliott recognized that the Fibonacci sequence denotes the number of waves in impulses and corrections. Wave relationships in price and time also commonly exhibit Fibonacci ratios, such as 38% and 62%. For example, a corrective wave may have a retrace of 38% of the preceding impulse. 1 Elliott Wave Oscillator Chart Elliott Wave Oscillator Chart. Other analysts have developed indicators inspired by the Elliott Wave principle, including the Elliott Wave Oscillator Chart. The oscillator provides a computerized method of predicting future price direction based on the difference between a five-period and a 34-period moving average. Elliott Wave International’s artificial intelligence system, EWAVES, applies all Elliott wave rules and guidelines to data to generate automated Elliott wave analysis. 2 What Is the Elliott Wave Theory? In technical analysis, the Elliott Wave theory looks at long-term trends in price patterns and how they correspond with investor psychology. These price patterns or ‘waves’ depend on rules developed by Ralph Nelson Elliott in the 1930s. They identify and predict wave patterns within stock markets and help predict future movement. 1 How Do Elliott Waves Work? There are different waves, or price formations, from which investors can glean insight. Impulse waves include an upward or downward trend that carries five sub-waves that may last hours or even decades. They possess three rules: the second wave cannot retrace more than 100% of the first wave; the third wave can never be the shortest of waves one, three, and five; wave four cannot ever surpass the third wave. There are also corrective waves, which fall in patterns of three. How Do You Trade Using Elliott Wave Theory? If a trader sees a stock moving on an upward trend on an impulse wave, they may go long on the stock until it completes its fifth wave. Anticipating a reversal, the trader may then go short on the stock. Underlying this trading theory is the idea that fractal patterns recur in financial markets. In mathematics, fractal patterns repeat themselves on an infinite scale. The Bottom Line The Elliott Wave Theory was developed by Ralph Nelson Elliott. It provides a technical analysis of price patterns related to changes in investor sentiment and psychology. The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend. It assumes that stock price movements can be predicted because they move in repeating up-and-down patterns. Correction—May 5, 2023: This article has been amended to state that the third impulse wave can never be the shortest of waves one, three, and five.
Short
by fzxzz
#BTC 🟢 M15 LONG (Bitcoin). Long awaited failure 📣For more than one week, Sellers have been gaining selling positions... Although they haven't reached the main selling zone 32k. But there was an impressive sale .. and at the same time, grandiose discounts for 26.2K, who didn’t have time - he didn’t have time) On the retest of the M15 imbalance near our D1 Buy Zone, we expect a hike up and a breakout of the long-awaited level of 31K. Entry price below market opening price.(✔️) M15 imbalance at the potential of the D1 range.(✔️) Below the First Buyer of Exchange Options.(✔️) According to CFTC futures reports, SHORTS prevail so far. 12851/14261 .(⚠️) input: 26560 (on test/retest) sl: 26223 tp1: 26898 tp2: 27566
BITSTAMP:BTCUSDLong
by TrEKone
DOGE/USDT Triangle Alert: Explosive Potential Unleashed!💎Let's dive into DOGE/USDT! Looking at the daily chart, a triangle pattern is emerging after a bullish run. While it resembles a flag and pole, we're interpreting it as a triangle for a balanced perspective. 💎If DOGE/USDT breaks above the upper trendline, potential upward targets are 0.07709, 0.07837, and 0.08035. On the flip side, slipping below the demand threshold of 0.07235 could trigger a bearish wave towards levels like 0.06841, 0.06618, and 0.06347. 💎During consolidation, traders often take positions and place stop-losses near these key zones. Breakouts or breakdowns from here can lead to significant moves. However, be cautious: if post-breakout/breakdown price action is indecisive, watch out for potential fakeouts. Stay vigilant and informed, ParadiseSquad!
by MyCryptoParadise_Nathan
ETH/USDT: Navigating Consolidation and SEC's BTC ETF Verdict 📈💎 Paradisers, let's dive into ETH/USDT. The asset is forming a rising wedge pattern, and currently, it's in a consolidation phase while we await the SEC's decision on the spot BTC ETF. If the SEC leans towards disapproval and the price falls below the 1757 threshold – which serves as both the lower boundary of the rising wedge and a significant demand zone – we might witness a decline towards 1642, and potentially even 1478. 💎 In case panic selling takes over the ETH market, there could be further drops ahead, potentially reaching as low as 1368 and 1171. However, if the SEC approves the spot BTC ETF, it could be a good idea to focus our bullish efforts on BTC rather than ETH. Stay attentive and make well-informed decisions, ParadiseSquad! 🚀
Short
by MyCryptoParadise_Nathan
DOGE/USDT's Explosive Chart Signals Major Bullish Move Ahead!💎 Hey Paradisers, let's dive into DOGE/USDT's 1-hour chart. An intriguing pattern emerges: an inverse head and shoulder formation. Notably, the right shoulder stands taller, and the price has surged past its previous peak, hinting at bullish vibes. 💎 If DOGE/USDT break the neckline at 0.07752, a bigger bullish shift might be underway, potentially turning resistance into support after breakout. What's on the horizon? Our focus is on upcoming demand zones at 0.07839, 0.07973, and 0.08239. But remember, if the price slips below the right shoulder's base at 0.07469, this pattern could lose its charm. Stay sharp and navigate wisely, ParadiseSquad!
Long
by MyCryptoParadise_Nathan
INJ/USDT : Trend Reversal in the Making? Don't Miss This!💎 Paradisers, let's turn our attention to INJ/USDT. On the Daily chart, it's carving out a head and shoulder pattern, signaling a potential trend reversal. Notably, the right shoulder is smaller than its left shoulder, indicating a shift towards forming lower highs. 💎 If INJ/USDT slide below the demand mark of 7.490, it would pave the way for a series of lower lows. This movement could amplify confidence in a bearish direction, potentially steering the price towards demand zones at 6.829, 6.201, and 5.681. However, if the price ascends beyond the right shoulder's peak at 8.378, this pattern might lose its validity. Trade carefully and stay sharp, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
1
AAVE/USDT Price Alert: Traders Beware of Upcoming Bullish Surge!💎 Paradisers, let's take a closer look at AAVE/USDT. Historically, it's demonstrated three traps within a rising wedge pattern, leading to significant moves. Currently, after breaking its lower trendline, it's making a comeback upwards. This could potentially ensnare traders who went short after the lower trendline breakdown of rising wedge pattern. 💎 Moreover, AAVE/USDT has surpassed its resistive trendline, hinting at bullish momentum. If it manages to climb above the supply level at 66.38, we might witness a bullish surge. This is because short traders' stop-losses would likely be triggered here, propelling the price further. Our eyes are set on potential ascents to supply levels at 67.01 and 67.98. Stay sharp and informed, ParadiseSquad!
Long
by MyCryptoParadise_Nathan
RUNE/USDT: Triangle Breakout to 'W' Formation - Explosive Signs💎 Paradisers, let's turn our attention to RUNE/USDT. On the 1-hour daily chart, it has broken out of a triangle pattern and is now sketching a 'W' formation, signaling the creation of higher highs. With this momentum, we could potentially aim for resistance targets at 1.108, advancing to 1.184, and even reaching up to 1.280. 💎It's worth noting that the 1.280 resistance is particularly robust, reinforced by the presence of the 200 EMA. This EMA could act as a magnet, possibly aiding the price in its upward journey. As always, stay alert and happy trading, ladies and gentlemen!
Long
by MyCryptoParadise_Nathan
1
CHZ/USDT Triangle Teases Explosive Move - Get Ready!💎 Paradisers, take a moment to observe CHZ/USDT. On the 1-hour chart, it's sketching out a triangle pattern. Currently, it's hovering beneath the resistance and demand zone ranging from 0.0766 to 0.0755. Notably, the resistance is reinforced by the 200 EMA, which could exert downward pressure on the price. Extended consolidation often leads to a more pronounced move in the eventual breakout or breakdown direction. This is because during such phases, retail traders often accumulate positions and overtrade, placing their stop losses close to the resistance and demand zones. This dynamic can amplify the move post-breakout or breakdown. 💎 If CHZ/USDT manages to surge past the 0.0766 resistance, we might set our sights on targets at 0.0771 and further to 0.0780. On the flip side, a bearish scenario would require a breach below the 0.0755 demand zone. Should this level be compromised, we could anticipate a move towards the next demand zone at 0.0745. Stay vigilant and strategize wisely, ParadiseSquad!
by MyCryptoParadise_Nathan