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Double Top or Bottom

Is MATICUSDT About to Retrace? Watch These Key Levels Closely!Yello, Paradisers! MATICUSDT has recently shown a strong bullish move, but is it time to prepare for a retracement? 🧐 💎We’ve identified a crucial support level at the 61.80% Fibonacci retracement. A bounce from this level could signal another bullish wave, but we need confirmation. Specifically, look for an Internal Change of Character (I-CHoCH) to solidify a return to a bullish market structure. 💎However, if the market experiences panic selling, patience will be key. Wait for a potential double-bottom pattern to form at the second support zone. Remember, an I-CHoCH here is also essential for confirmation. 💎But if the price breaks down below the last support zone and closes a candle beneath it, this would invalidate our entire strategy. In that case, it’s wiser to stand aside and wait for a more favorable price action to develop. 🎖Remember, Paradisers, disciplined trading and waiting for confirmation are essential to long-term success. Stay sharp and focused! MyCryptoParadise iFeel the success🌴
MLong
by MyCryptoParadise_Nathan
2
USDT.D Retesting Previous Support as New ResistanceUSDT.D Bullish Divergence and Double Bottom Signal a Trendline Retest USDT dominance ( CRYPTOCAP:USDT.D ) has formed a bullish divergence on the 4-hour chart, along with a double bottom pattern. These signals suggest that USDT.D is gearing up to retest the trendline. Meanwhile, Bitcoin and altcoins are likely to undergo a retracement, offering another healthy opportunity to enter long positions. This setup indicates potential strength in USDT.D, which may lead to a temporary pullback in the broader crypto market before resuming the uptrend.
CRYPTOCAP:USDT.DLong
by crypto_vulture_signals
Is ORDIUSDT on the Brink of a Major Bullish Breakout?Yello, Paradisers! ORDIUSDT is showing signs of bullish momentum, thanks to a recent W pattern formation. But is this the start of something big? 💎For this bullish setup to be confirmed, we need to see a decisive breakout above the resistive trendline and resistance zone. A successful breakout, with a candle close above these levels, could trigger a wave of short liquidations, pushing the price even higher. 💎However, if the price pulls back from current levels, a bounce off the support zone could offer a scalping opportunity—but I wouldn't recommend it. This setup has a low probability of success and doesn't align with our high-standard trading strategies. 💎On the flip side, if the price breaks down and closes below the support zone, it would invalidate our bullish thesis entirely. 🎖Stay disciplined, Paradisers. The market is full of traps, but with a strategic approach, you'll navigate it like a pro. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Are You Ready for a Bullish Surge in REZUSDT?Yello, Paradisers! Could we be on the brink of a significant move in REZUSDT? The chart is setting up for something big, and you don’t want to miss this potential opportunity. 💎REZUSDT has formed a falling wedge pattern, which typically signals an impending bullish move. However, before jumping in, we need confirmation—specifically, a breakout and candle closing above the resistance zone. This will not only confirm the wedge but also validate the W pattern visible on the smaller timeframes, giving us a solid signal for a bullish continuation. 💎But hold up! If we see a pullback instead, watch out for the triple bottom pattern emerging from the support zone. This could offer a strong base for another bullish attempt, so keep an eye on it. 💎On the flip side, if the price breaks down and closes below the support zone, this would invalidate our bullish scenario. In that case, caution is key, as the market might turn against us. Remember, consistency and patience are the keys to long-term success in the crypto market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Pvr inox ltd. ......one more low?? #stree 2NSE:PVRINOX After a very wonderful move and collection( movie _Stree 2) We can see a fall which could be final move of correction (since February 22) Crossing above previous high 1563 this view will be invalid. A sharp decline lead price to 1360 to 1300 level. In decline scenario This could be wave 2nd then we will head towards All time high. I am very new in market plz do not make position. I have only 6 months EW Knowledge so if someone have more view plz comment 🙂
NSE:PVRINOXShort
by ladesar88
Polyplex - Classic double bottom chart patternClassic double bottom chart pattern formed in Polyplex. Price has corrected from top and after 2 years forming a bullish reversal chart pattern called double bottom. Double bottom is a bullish reversal pattern is forming after a strong downtrend. Price is printing lower top and lower bottom and finally price has settled at 760. Twice touch bottom at 760 formed a support and finally breakout of price swing high 960 confirm the double bottom chart pattern. Target would 1150..
NSE:POLYPLEXLong
by Arvind_Share_Academy
1
Is APEUSDT on the Verge of a Major Breakout?Yello, Paradisers! Are we about to witness a bullish breakout in APEUSDT, or could we be heading for a breakdown? 💎APEUSDT is showing bullish signs as it approaches a critical point. It’s currently testing the upper boundary of a descending channel and has formed a W pattern, both of which suggest a potential bullish move on the horizon. 💎However, before we can be confident in a bullish reversal, we need to see a decisive breakout and candle close above the key resistance zone. This would confirm a Change of Character (CHoCH) towards a bullish market structure, solidifying the W pattern and the breakout from the descending channel. 💎On the flip side, if the price experiences a pullback, we might see a bounce from the smaller support zone. Scalping opportunities could be ideal here, but it’s crucial to use tight stop losses (SLs) to manage risk effectively. 💎But beware! If APEUSDT breaks down and closes below the support zone, it would invalidate the bullish patterns we’re monitoring and require us to reassess our strategy. Stay focused, disciplined, and keep your eyes on the charts, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
ALPHUSDT: Is a Major Move on the Horizon? Yello, Paradisers! Are you ready for the next big move in ALPHUSDT? This pair has formed a descending channel, hinting at a potential bullish breakout. But hold on—before we jump in, let's dive into what needs to happen next. 💎For a bullish move to gain traction, we need to see a breakout with a solid candle close above the resistance zone. If this happens, the path could be clear for a rally towards the next resistance levels. 💎If the price pulls back instead, keep an eye on the support zone. A triple bottom pattern could emerge, offering a strong bounce opportunity. 💎On the flip side, if ALPHUSDT breaks down and closes below the support zone, it could invalidate this entire bullish setup. In that case, it's time to rethink our strategy. 🎖 Remember, discipline and patience are key. Stay sharp, Paradisers, and wait for the best opportunities before making your move. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Is PDAUSDT Gearing Up for a Breakout?Yello, Paradisers! Are we on the brink of a bullish breakout, or is there more risk ahead? 💎PDAUSDT has formed a falling wedge pattern, signaling a potential bullish move ahead. However, we need to see a few confirmations before getting too excited. 💎For the bullish scenario to play out, the price needs to rise from its current level, potentially forming a W pattern. The real confirmation will come when the price breaks out above the resistance zone and closes a candle above it. This would validate both the falling wedge and the W pattern, paving the way for a stronger move upward. 💎While you might be tempted to take scalps near the support zone, be aware that the current market conditions make this approach extremely risky, especially for beginners. I wouldn't recommend it unless you're highly experienced and can manage the risks effectively. 💎On the flip side, if the price breaks down and closes a candle below the support zone, our entire bullish outlook will be invalidated. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Stay focused, patient, and disciplined, Paradisers! 🥂💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
1
#RUBYMILLS on the weekly chart analysis#RUBYMILLS Weekly Chart Analysis 📊 ◽️ Volatility Contraction : A tightening of price range has been observed. ◽️ Volume Surge : Recent increase in trading volume suggests growing interest. ◽️ Breakout Potential : Breakout with volume confirmed on both weekly and monthly timeframes. ◽️ Short-Term Target : Potential for a 25-30% move, with a target around 30%. 📌 Disclaimer : This analysis is for educational purposes only and is not a buy or sell recommendation. Keep an eye on this one! 📈 Keep learning. All the best.
NSE:RUBYMILLS
by breakboxtrader
WLDUSD: Will It Break Out or Continue Its Downtrend? Yello, Paradisers! 🌟 Have you noticed the potential breakout that's brewing in WLDUSDT? Don't miss this critical update! 🚨 💎WLDUSDT has recently formed a W pattern after breaking down the support zone, indicating that the price has absorbed buyers' liquidity. 💎For a high-probability bullish setup, we need to see a breakout above the resistive trendline & resistance zone together. This breakout will not only validate the W pattern but also trigger the stop-loss orders of retail sellers who have recently entered short positions. 💎If the price breaks down below the small support level, this will be considered a bearish trend continuation and will invalidate our entire bullish thesis. Stay vigilant, Paradisers, and be ready to act based on these critical levels. Remember, disciplined trading and patience are key to long-term success. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Mighty Nifty - Aug 8Price was moving within a range for the past three days and especially today we had a narrow range move. The patterns seen in chart are range formation, triple top resistance, trend line support and consolidation within the range near resistance zone. Range : Medium. Trend strength : Normal. Buy Above : 24340. Stop Loss : 24300. Targets : 24380, 24420, 24460 and 24520. Sell below : 24260. Stop Loss : 24300. Targets : 24220, 24180, 24140 and 24100. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:NIFTY
by vanathi
8
BITCOIN HEADED TO 50K ? - CRASH SOON ?Symbol - BTCUSD CMP 60700 Bitcoin is testing the previous major liquidity area which is around 59300 - 61000. Earlier it was consolidating around 65K levels & was trading in a range. Now it is witnessing a huge profit booking and declining sharply towards the liquidity area. A retracement towards 62000 - 62500 is likely. In any case, If it is breaking 59000 level and sustaining below it then it may directly head to 50-51K which is next major support. A double top pattern is visible on larger time frame. Breakdown of this pattern will lead to trend change/reversal. Hence breakdown of the neckline & sustaining below it will activate this double top pattern & then it will definitely test 51K level & then may touch 45K levels too. P.S. : I'm actively tracking BTCUSD to make long positions around this liquidity zone to play a retracement & then I'll be looking to short around 62K levels with small SL & will add more position on breakdown of liquidity zone/neckline.
OANDA:BTCUSDShort
by akshit_official
2