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BNBUSD Is there any salvation for the Binance Coin?The Binance Coin / BNBUSD had a week of enormous selling pressure last week, touching on Monday Support A (220.00), that was formed on the December 17th Low. This is a strong long term buy opportunity. Target initially Resistance A at 318.00 and by the end of August Resistance B at 350.00. As shown, the primary pattern is a Rectangle. If the price closes under Support A, target Support B at 194.00 on the short term. However given how emormously oversold the 1day RSI got (at 15.00) on Monday, this is unlikely. Still that would be an ever better long term buy opportunity. Follow us, like the idea and leave a comment below!!
CRYPTO:BNBUSDLong
by TheCryptagon
4
KASUSD Best buy opportunity over the MA50 (1d).KASUSD continues to be supported by the MA200 (1d) exactly at the bottom of the Channel Up. The MA50 (1d) behaves as Resistance, containing the price under it since May 6th. Trading Plan: 1. Buy if a (1d) candle closes over the MA50 (1d). Targets: 1. 0.0800 (Fibonacci 1.5 level, which was a Higher High on the previous MA50 breakout). Tips: 1. The RSI (1d) is on a pattern that looks very much like the December-January bottom. It is even above the MA trendline, which serves as an additional reason to expect a bullish breakout. Please like, follow and comment!! Notes: Past trading plan:
CRYPTO:KASUSD
by TradingBrokersView
15
BTCUSD: Double buy entry plan. Bottom is close.BTCUSD is technically on red indicators on the 1D time frame (RSI = 41.679, MACD = -426.400, ADX = 31.022) as it is inside a Channel Down pattern since April 14th and under the 1D MA50 since May 7th, but is near the HL trend line that is supporting throughout 2023. There are high chances of holding this trend line so our strategy involves placing the first buy now and the second on the 1D MA200 in case the HL line breaks. The medium term target is the R1 (TP = 32,000). Observe how the price action of the last month is much alike (also on the RSI) with that of December 2022, both under the 1D MA50. This bolsters the probabilities for a rebound. Additional validation will come after the RSI crosses over the LH trend line. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
2
XRP long Trade Interesting setup here on XRP. I normally don't trade this coin, but its chart has been showing something very interesting. There seems to be a big move stirring up. Looking at the 2D RSI, we can see that we are oversold. Also, if we look at the past year, we can observe that significant moves have occurred from these RSI levels. Currently, XRP has closed three 2D candles above its old resistance, flipping it to support. This is a bullish sign. Additionally, the 0.75 Fib Fan is holding strong. XRP is exhibiting some very interesting behavior on a macro scale. . It seems to be following a fractal from 2015. I have been monitoring this all year but haven't conducted a technical analysis on the macro outlook yet. However, it seems that a price of $13 by 2025 is very possible. It appears to be quite bullish, similar to the previous one. As always, if you're interested in trading , I would suggest buying XRP3L tokens on Bybit and then sitting back and relaxing. However, keep in mind that XRP tends to have massive swings, so there is a high chance of getting stopped out on normal leveraged contracts.
BITSTAMP:XRPUSDLong
by Sporia
5
Ripple Multi Time Frame Analysis - 4 hourly chartRipple Multi Time Frame Analysis dear Crypto Nation - here you are🤗 1/3 - 4h chart: After a bullish EMA20 & EMA200 cross both lines might come close together again at least. A bearish correction to FIB golden pocket and Volume profile to $0.46 would be still healthy. Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BITSTAMP:XRPUSDLong
by Crypto4Everybody
Binance Coin Can Be Finishing A Larger Bullish TriangleBinance coin is trading sideways for more than 100 weeks, similar as back in 2018-2020. We see it as a long corrective consolidation within uptrend, ideally as a larger bullish triangle pattern in wave (4) that can take the price higher for wave (5) in the near future. Despite recent negative news that U.S. regulators sued Binance and its CEO Changpeng Zhao for breaking the US securities rules, we can actually see it now trading in final subwave E of (4) that can find the support around the lower triangle line and base channel resistance line. Binance is actually already bouncing back with comments »We will defend ourselves against the SEC suit vigorously. The SEC lawsuit is baseless. We remain open to a productive compromise." So, don't get bear trapped and be aware of a bullish resumption into 5th wave in the second part of 2023.
BINANCE:BNBUSDLong
by ew-forecast
MASKUSD: Triangle breakout can get it to $7.00 fast.MASKUSD is trading on a Triangle pattern at the bottom of the long term Channel Up. Supported by the 1D MA200 and resisted by the 1D MA50, the 1D timeframe is technically neutral (RSI = 49.176, MACD = -0.028, ADX = 27.319) and the next breakout can deliver a big move. We will ideally wait until R1 breaks and buy targeting the R2 (TP = 7.17500). The 1D RSI shows, that the market has already bottomed. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:MASKUSDLong
by InvestingScope
13
ETHBTC: targeting the top of the Channel Down.ETHBTC is consolidating right now on neutral 1D technicals (RSI = 55.810, MACD = 0.001, ADX = 53.149) supported by the HL trendline. A bounce on the 1D MA50 would be ideal for a new buy, but if it breaks the trend turns bearish. Until it does, we are bullish, targeting the 0.9 Fibonacci (TP = 0.07200) as it happend on January 2023. But of those where the bullish waves inside a long term Channel Down. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
BTCUSD has a mid rally consolidation. 39-49k possible next.Bitcoin is consolidating under the 1D MA100 but on the LL trendline that started early at the end of the last Bull Cycle. We are on the 1W timeframe where the technical indicators are neutral (RSI = 53.611, MACD = 1576.400, ADX = 26.280) suggesting that on the long term this is a solid buy level. So far it is following the trading pattern of the previous Cycle fairly well as, though longer, this consolidation is also under the HL trend-line. Both Bear Cycles were in a Triangle on their early stages and their bottom was formed on a Cup pattern. In 2019 when the price crossed over the 1D MA100, it reached the 0.618 Fibonacci level and even overextended to the 0.786 Fibonacci level. That suggests that the next high can be in the range of 39,000 - 49,000. After that if it continues to follow the pattern of the previous Cycle, we should see a long term consolidation supported by the HL trendline and the 1D MA100, until the next (May 2024) Halving when the parabolic rally can start. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
1
Below 28.5k: Shorting Opportunities, Longs at 26k+ for 30k+Hey everyone, let's take a moment to discuss the current BTCUSDT levels and the exciting trading opportunities they present! As we've mentioned before, there are two important levels we need to keep an eye on. First, below the 28.5k mark, we have some intriguing shorting opportunities. This means we can potentially profit from downward movements in price by entering short positions. On the other hand, we have our long positions. Once the price reaches the 26k level or drops below it, it's time to unleash our long positions and ride the upward momentum. This opens the door to potential profits at 30k and beyond. Trading always involves risks, and it's crucial to approach it with a well-informed strategy and a strong risk management plan. Stay updated on the latest market conditions, conduct thorough analysis, and adapt your trading approach accordingly. If you find this information valuable, please show your support with likes/boosts. I'm also eager to hear your advice and comments as we navigate these trading opportunities together. Let's make the most of this market situation! Stay tuned for further updates and insights.
Long
by ACrypto9
BTCUSD Best to trade after an MA50 (1d) break out.BTCUSD seems to be attempting a Low at the bottom of the 5 month Channel Up in order to stage a rebound. The price is stuck between the MA50 and MA100 (1d). We haven't had a (1d) candle closing over the MA50 since May 6th. Trading Plan: 1. Buy if the price closes a (1d) candle over the MA50 (1d). 2. Sell if it closes under Support (1). Targets: 1. 31000 (Resistance 1). 2. 23850 (expected contact with the MA200 1d). Tips: 1. The RSI (1d) is trading under a Falling Resistance and the action is getting too tight and narrow. This indicates that we are bound to get a strong break out soon, regardless of direction. Be prepared for both probabilities as per our trading plan. Please like, follow and comment!! Notes: Past trading plan:
INDEX:BTCUSD
by TradingBrokersView
16
INJUSD Channel Up continuation, buy opportunity.INJUSD maintains the Channel Up pattern that started on the January 1st bottom. The MA100 (1d) has been its clear Support since January 21st. Trading Plan: 1. Buy on the current market price. 2. Sell if it breaks under the MA50 (1d). Targets: 1. 14.95000 (Resistance 2). 2. 5.0000 (expected contact with the MA200 1d). Tips: 1. The RSI (1d) is trading inside a Triangle. If it hits its top before the price reaches 14.9500, then close the buy regardless. Use the Triangle's tops and bottoms to your advantage for sell / buy entries. Please like, follow and comment!!
CRYPTO:INJUSDLong
by TradingBrokersView
7
LDOUSD Be ready to buy the pull back or the break outLido DAO / LDOUSD is inside a short term Channel Down pattern that is within a larger Channel Up. The price is now near the top of the Channel Down. As long as it stays under it, short and wait for a lower bottom but at 1.5000. If it crosses above the Channel Down and closes a 1day candle, buy the break out. In both cases, target 3.5000. In 1day RSI terms the two bearish waves are identical and this implies that there is one last Low left to make. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:LDOUSD
by TheCryptagon
5
BTC heading towards 24,400On the weekly timeframe, a trail of Elliot Waves show that upon completing the downward Elliot 1-5 wave to the 15k level followed by an upward wave to 31k, BTC is forming a new 1-5 downward wave, As per the Fib Extension, the third wave is prognosticated to end towards the 24,400 region and then retracing towards 25,300 before the final leg down to test the previous strong resistance levels at 23,800. The time range for the third wave would be in the summer months of June/July, particularly from 26th June to 24th July. To confirm this, MACD is also about to make a death cross and head towards red indicating a downtrend to be around the corner.
KRAKEN:BTCUSDShort
by AristotleIV