IOTXUSDT 😶🌫️ Double Bottom Reversal Hey guys!
We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range.
Bullish scenario would play like this:
First target: 0.019 then we'll TP
For this to happen I'd like to see some sort of pattern like a double bottom or IH&S.
Bearish scenario would go like this:
Target open because it would be creating new all time lower lows we'd be then moving stop loss to entry as soon as in profits. But the trigger would be a close below: 0.015
I'm rooting for the bullish scenario as I'm a very hopeful person but we take what the market gives and be open to both scenarios always! Manage risk accordingly and never be biased.
Happy trading!
Kina 😶🌫️
Ichimokukinkohyo
Are You Ready For Crypto Bear Market???DONT FORGET TO CHECK MY PREVIOUS ANALYSIS,
#Bitcoin i believe bitcoin had enough of bullish retracement and its time to continue the main direction which is for sure bearish. i have pointed out the main zones to look out for, the chart speaks much than i have to... + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
Wait For The Trigger in USDJPY!Hi
It seems that there is a possibility of a break in the half-hour time frames.
I placed a bet inside the chart if the half-hour candle closes below the blue dashed line, there is a possibility of achieving goals 1 to 3.
To avoid losses, be sure to pay attention to the trigger of entering the trade.
If you like my analysis, please support me with like, comment and follow, my friend!❤️
WOOUSD 🕯️ Touching Support Area from Rising Channel Pattern We've got 2 things that could happen:
It either breaks downward the rising channel it has been trading for a very long time and this means bears would take control so in that case:
Bearish target would be: 0.15 - 0.17 area
It resumes the uptrend and bounces off this support area as it has been doing for the past months and since NOV '22 actually. So it's been a very long and consistent pattern that has been playing out. I'd be cautious to go against it until a very good confirmation is in place.
Bullish Target : 0.26 - 0.30 area
Happy trading and I'll keep updating as I see points of interest.
Regards,
🕯️ Kina 🕯️
JASMYUSDT - 2 possible scenariosPrice has currently entered into a trading zone which we could try to predict 2 sides according to that it does in the next days or week.
Key zone we are analyzing here: 0.0046 - 0.0042
Bullish if:
Support holds and after a double bottom or inverse h&s, we get confirmation of a breakout from the pattern then we can go long.
Bearish if:
Breaks down the zone then it would go down to the next area which is 0.0034 - 0.0037
Please manage risk accordingly. I'll be updating and following this coin ♥
FTMUSDT 🤯 Hold or Break Key Level AnalysisPoint of interest right now as we are sitting at a demand zone which price is expected to react however we are coming from a downtrend structure after the bulls got exhausted this could be another correction and/or the uptrend resumes.
1. We get a false breakdown, I believe it will touch 0.30 and buy orders would get triggered.
If that happens then we would at 4h a bullish pattern we can trade and target next supply zone.
Target Upper Downward Channel area: 0.37 - 0.40
2. This level gets pierced through and in that case, we expect price to decline to the next demand zone.
Target Next Demand Zone: 0.24 - 0.20
I'll update as I see this playing out.
All the best,
Kina🤯
IOTXUSDT - Triangle Pattern breakdown Beware at this point this coin is in ranging mode. So I've marked areas where the volume profile has shown potential areas where most participants were involved at that time. So there's a chance that over those areas, price is going to react somehow or not at all, so we need to see what happens once it gets there.
We can say we've got a hammer as soon as it entered the area so we can see a bit of a slow down motion after the drop. Now, 2 things can happen. Either it creates a double bottom and reverses right off this area or it continues to decline. However to confirm this, we need to see a breakdown of current zone in order to go short.
Target could be the next support zone: 0.01865 - 0.01954 as shown in the chart we are sitting in a buy area and in oversold conditions.
Also, this is a ranging market so what I see could be a mess to you lol
ALGOUSDT 💥 ALL TIME LOW coming through soonIt's been on a strong downtrend even after the BTC mini bullish trend, it didn't reverse a flick. Per Ichimoku analysis this is going to the all time low at about 0.11 - 0.09 So brace yourselves!!
Then we can think of buying if there's any demand at all.
Happy Trading!
Kina 💥
EURUSD didn't get the memo...Perhaps "this time IS different".... as Global macro seems irrelevant to markets. EURUSD has been pumping this week, even though EUROPE is apparently in a recession, as per the recent GDP numbers.
So long as Bulls can hold above the 4hr cloud/forecast lines, up is the name of the game, and 1.09 looks like the next "logical" target.
As always, good luck, have fun, and practice solid risk management.
TLMUSDT ✨ Double Bottom Reversal or Breakdown ContinuationWe are at a very important level right now. We either get any of these 2 situations so be prepared:
Double Bottom created with RSI Divergence confirming the bears power has been totally exhausted at this point and price will start reversing till next Supply zone.
Target Supply zone area: 0.020 - 0.021
2. We get a downwards momemtum candle breaking down current support area and it would most likely go to the next demand zone where buyers will be eager to buy cheaper.
Target Demand zone area: 0.013 - 0.012
Please note this is Daily Timeframe analysis so it will take longer to play out. Still, stay alert because we are at a current point of interest.
Make sure to risk a % of your entire portfolio and manage risk accordingly.
✨Kina ✨
SP500 UpdateToday put in a Squat Bar (Bill Williams Theory) as well as a Wiseman Div. Not what we want to see. Bulls don't want to relax here, it's not a good spot to take a rest.
If you're in good profits, now may be a time to take a lil off. Or tighten up stops etc.
The sector chart I referenced ( Communication, Discretionary, Energy etc) didn't show in the video, I guess TV doesn't allow other windows to be shown... but it's a StockCharts image showing which Sectors perform at which points in the Business Cycle... And all indications based on that chart show us in a Recession. Time will tell.
As always, good luck, have fun, practice solid risk management.
VET/USD - My Longterm PlanVeChain update with my opinions and what i plan to do if my opinions are correct:
Here is a closer look at the 1 day VET/USD chart:
While VET did have a nice move up from $0.0152 to $0.032, that impetus is gone and VET is now making Lower Highs and Lower Lows.
Notes:
VET is still in its Descending Channel Pattern.
VET is back in the Bearish Zone of the Ichimoku Cloud.
VET is under both its 50MA and 200MA levels.
The 50MA has crossed back under the 200MA on this 1 day timeframe.
If we look at the volume for VET/USD, it’s been very low since around July 2021 and has not really recovered.
On this chart, i have added various Support and Resistance Lines as well as Areas of Interest as highlighted with the Black Dotted Lines with Yellow Shading.
If we look at the Chaikin Money Flow (CMF Indicator), we can see that the MF Line is still very near its 0.00 Base Line, a cross below the 0.00 Base Line will take VET into Distribution on this 1 day Timeframe. Note the the MF Line is still below its Least Squares Moving Average (LSMA) Line.
My longterm Hodl plan for VET/USD:
I still believe we will see $0.0096 to $0.0084 especially when the USA finally admits publicly that it is in a Recession, which when it does, will mean it’ll actually be in a Depression. So if this recession plan follows through then i will be looking to buy in around $0.0096 to $0.0084 and longterm hold until it reaches back to the ATH of around $0.28 and then re-asses the situation. A successful Daily Candle close below $0.0152 will be my first confirmation that we may see below $0.01.
With the potential oncoming of this world depression, if the only way out for the US is to start WW3 to counter BRICS, the loss of the Petro Dollar, the loss of sanction power and the growing +$32T of debt then i believe we could see $0.0057 to $0.0043.
When the oncoming recession/depression pivots and the new Bull-Run starts, after a while, keep an eye out for when the Mainstream Media starts broadcasting to the public about huge Crypto Gains! When this happens you’ll suddenly have random family and friends who now want to jump into crypto because it has gone up 1000s of %! This will be the time to consider taking profit on any long term hold as all the newbies jumping on the band wagon will be providing EXIT LIQUIDITY to those who got in at a really low price. Once this happens, then the market makers will change direction and become Bearish as Bulls and Bears are the same people I.E they are the Market Makers. I have seen this happen twice now with the Crypto market, once in 2017 and another in 2021.
As always, we must keep an eye on what BTC/USD is doing.
Anyway, this is all just my opinion and i have other strategies in place for if we don’t see sub $0.01 again.
I hope this post is helpful.
DEXTUSDT ❤️ Trend Continuation Set upAs you can see DEXT has been in a rising channel until it eventually gave the breakout pattern after touching Supply Zone marked by the red rectangle afterwards price got rejected. Please take this area as our Take Profit zone.
We have a perfect triangle formed making lower highs consistently now it's about to burst. So we either get:
Breakout upwards wait for a re-test and enter long.
Target would be: 0.85 area
Breakdown and wait for a re-test and enter short.
Target would be: 0.45 to 0.47 area
Please note this is a long term set up. Manage risk accordingly. I'll update situation when price makes a relevant move according to our idea here.
Regards,
Kina ❤️
EURUSD Ichi Analysis - Anticipating LowerMonthly is Bearish across the board, with the only structural exception being the TK Pinch of price.
Weekly is Bullish, so showing it in a Pullback of the overall Bearish Trend (Based off the Monthly timeframe). While it's above the cloud, it's also put in a Bear Div, followed by a close below the Kijun, one of my favorite signals.
Daily is showing quite Bearish. All 5 Ichi signals are Bearish.
Unless we see a rise in price up and through the Descending Forecast Line on the 4hr, and it's ability to hold that level, as well as above the 4H Cloud, I will be hunting Shorts on this pair for the coming week.
As always, good luck, have fun, and practice solid risk management
Power Finance CorporationHello & Welcome to this analysis
It is now approaching a bearish Harmonic ABCD and it that process also forming a rising wedge suggesting some profit taking might come in.
In the short term stock has support at 175-165 and below that near 150 where medium to long term investors would come in. It has resistance around 184-187, if it manages to breach above it then next resistance is near 210.
Overall medium to long term has strong upside potential and could be a strong SIP candidate.
Happy Investing
XLMUSD 🔥 Breakout or Breakdown 🔥After hitting supply zone around 0.11 - 0.10 it started to decline up to the point that we are currently at a demand zone. From this zone I think 3 things could happen:
We get a bounce off this level to continue the descending triangle pattern up until TARGET: 0.09 and then it could actually breakout from the entire triangle instead of declining again but we'll have to see how price reacts once it hits the triangle resistance.
Price breaks down then the next target would the nearest demand zone at around: 0.07 - 0.08 so we'll see how this plays out.
As always, manage risk accordingly. Never risk entire portfolio and study by yourself before you commit to an investment.
Regards,
Kina 🔥
How to use the Ichimoku baseline and SMA7 crossover as an entry?The reason for combining the baseline with SMA is that the baseline provides a good signal for price continuation, while the crossover gives a solid and reliable signal for entering a trade. This signal also helps to identify a suitable point for placing your stop loss. To use this signal, you must wait for the crossover and then enter the trade after the first candle closes below or above the crossover. Your stop loss should be placed behind the signal candle:
if your entry point is too far from cross over point, you can just ignore the signal and avoid the trade cause the risk and reward ratio it this situation is not suitable:
Network 18Hello and welcome to this analysis
After 13 years of downtrend its now trying to consolidate and form a higher low (March 2023) with the all time low made in March 2020.
Stock is currently on a pullback of its trend line breakout with support at 40-36 and immediate resistance between 62-72.
Sustaining above 72 it could rally till 125-170-270. While failure to hold 31-30 could lead further selling pressure.