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Phemex

XLMUSDT Failing to break the 1D MA50.*** *** For this particular analysis on STELLAR we are using the XLMUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Stellar Lumen has been consolidating since its May 31 short-term High, which is still a Lower High within the Channel Down pattern that started in November 2021 and more importantly having failed to break above the 1D MA50 (blue trend-line), which is technically the short-term Resistance. This is familiar ground for Stellar inside this pattern as every time the RSI entered the 55.00 - 60.00 Zone, the price got rejected on the 1D MA50. As a result, until proven otherwise and a 1D candle closes above the 1D MA50, the price remains bearish within the Channel Down towards the the 0.10400 Low and in extension (upon 1D candle closing below) the -0.382 Fibonacci extension level. On the other hand, if Stellar does close a candle above the 1D MA50, we can take a short-term break-out buy trade targeting the 1D MA100 (green trend-line). A buying extension on the long-term can only be sustainable if the 0.786 Fibonacci retracement level breaks (0.2017 currently), which within the Channel Down has never been broken during a Lower Highs rebound. If that happens this time, then it would mean a price break-out above the 1D MA200 (orange trend-line) too, which is unbroken for the whole 2022. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
MANAUSDT Bearish unless this level breaks*** *** For this particular analysis on DECENTRALAND we are using the MANAUSDT symbol on the Phemex exchange. *** *** The idea is on the 4H time-frame where Mana has been trading within a Channel Down since the May 14 High. That is still a Lower High within the general bearish trend and the Channel Down keeps it that way. There is a level, which if broken, we'll most likely get a long-term bullish reversal and that is the 1.13900 Resistance. This is because the current Channel Down, both on price and 4H RSI terms, resembles the pattern of February. As you see that Channel Down failed to break the Resistance level formed by the Lower High, and that discouraged buyers from accumulating, hence forcing the coin to a new round of selling. So unless that Resistance breaks, Decentraland will most likely make new Lower Lows and Lower Highs. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
3
LTCUSDT Bullish and bearish levels to watch*** *** For this particular analysis on LITECOIN we are using the LTCUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Litecoin (LTCUSD) has been trading within a long-term Channel Down since the May 10 2021 High. On May 12 2022, the price hit the bottom (Lower Lows trend-line) of this Channel Down for the first time since June 22 2021, and rebounded. Let's see under what conditions this rebound can be sustainable or not. First of all, as long as the price trades below the 1D MA50 (blue trend-line) is bearish short-term and below the 1D MA200 (orange trend-line) bearish long-term. However on May 23 2021, when the price rebounded above the 0.236 Fib, it reached as High as the 0.5 Fib where it failed. On the other hand when it broke above the 0.5 Fib on August 12 2021, the rise extended as high as the top (Lower Highs trend-line) of the Channel Down. As a result, we can claim that only a break above the 0.5 Fib can give a longer-term rise. On the more short-term, if the price breaks above the 0.236 Fib, it is more likely to post a 0.618 Fib rally, as this happened two times (Jan 22 2022 and Feb 24 2022 where 0.236 was the Support), against the one failed break-out on June 29 2021. The bearish levels to watch is of course the bottom of the Channel Down. A 1D candle close below it, will most likely open the way to the lower Fibs of -0.236 and -0.382 within a 2 month time-frame. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
1
SOLUSDT Sideways at best, bearish if this level breaks.*** *** For this particular analysis on SOLANA we are using the SOLUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where the 1D RSI broke into the heavy oversold zone, which last revisited back in late January 2022. The price then entered a long-term consolidation, trading sideways until the 1D MA50 (blue trend-line) broke but still got rejected on the 1D MA200 (orange trend-line). It was that rejection that brought us to where we are today. It is therefore possible to see a similar monthly sideways trade. However, if yesterday's low breaks, the long-term Channel Up that has been in effect since Solana's All Time High, will break and should push the price towards the lower Fibonacci extensions. In that case, the targets will be the 2.0 Fibonacci extension around 24.720 and the 2.236 extension around 18.725. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
5
LUNAUSDT Hit the bottom of its 6 month Channel Up*** *** For this particular analysis on TERRA we are using the LUNAUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D chart with the blue trend-line being the 1D MA50 and the orange trend-line the 1D MA200. As shown, LUNAUSD has been trading within a Channel Up ever since its December 2021 High. Two Higher Lows and another Higher High have followed, forming the bullish trend on this Channel. Today the price hit the Higher Lows trend-line (bottom) of this long-term Channel Up on the liner scale. On the log scale, there is still some room for a complete pull-back, which happens to be on this diverging Higher Lows trend-line as illustrated on the chart. The RSI (1D) is exactly on the level (oversold 30.000) where the last Higher Low was priced on January 30 2022. If those Support levels hold, we expect LUNA to gradually start the new rally to a Higher High within the Channel Up. Attention is needed, as this time besides the 1D MA50, it also has the 1D MA200 as a Resistance on the short-term. Potential confirmation comes if the price breaks above it. The 0.618 Fibonacci retracement level ($97.000) can be used as a medium-term target with the 1.236 ($135.000) being the long-term (which priced the previous Higher High). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
10
ETHUSDT Channel patterns with clear Resistance levels.*** *** For this unique analysis on ETHEREUM we are using the ETHUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame, with the RSI being on the 1W for reasons we'll explain later. As you see, the dominant pattern since the January 24 market bottom, has been a Channel Up. Since the April 03 Higher High, the corrective wave towards the Channel's bottom, has turned into a Channel Down (yellow pattern). Right now this pattern has come to its closest to the Channel Up Higher Lows (bottom) trend-line since February 24. The price has to overcome the Resistance levels of the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) but the current trading level appears to be the best buy opportunity since March 13. Technically, the next Higher High could be on the 0.618 Fibonacci retracement zone since Ethereum's All Time High (ATH). Interestingly enough, the previous two Higher Highs have been just above the 0.382 an 0.5 Fib retracement levels, so 0.618 as the next Higher High comes as a natural progression. Notice how the application of the Fibonacci Channel extension levels, charts perfectly a path to the ATH, which can be on the 1.5 Channel Fib extension. Another interesting aspect, is how similar the current sequence on the RSI (1W time-frame as mentioned) is with the pattern of September 2021. That fractal was also a Channel Down corrective wave and when the 1W RSI bounced on its MA (yellow trend-line on the bottom pane), the price started an aggressive rally. We are expecting a similar development, unless the Channel Up breaks below its Higher Lows. In that case, we could see a test of the 2166 Support level. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
8
AAVE PERPCurrently moving up in this ascending triangle - Big day as we've successfully broken through $500 and are now retesting it for support (I've already opened a long position here). Daily chart looks set to blow up providing we can hold the 500 level. Next fib extension on the daily is 1.272 and sits at bang on $600 so will be placing a sell order just below. Breakout of the ascending channel on the hourly is gonna be the trigger for this move. I've been using Binance for futures up until recently - Phemex fee's are much better and more obvious (nothing is hidden. Help a brother out and use the code below when you sign up: phemex.com
ALong
by UnknownUnicorn16174229
BTC @ BULLISH /ENTER MISSED TARGETS NOWPHEMEX:BTCUSD BINANCE:BTCUSD BTC Is still bullish for who missed the entries have a chance to enter long as BTC retesting some key level supports. After retesting BTC will sure goes to 🌙. Nearly 72k. Resistance at 61300,60500 Supports retesting are selected for entering position Entries 1st 59000 2nd 58000 3rd 57500 ( Lower Major Support ) Leverage X2 / X5 Max Stop lose @5% Always put trailing or stop losea above entries. I'm only sharing my perspective on how BTC should go. Above mentioned entries are mine not advised to follow. Always DOYR before entering trades. This is not a financial advice.
BLong
by chartgram
BITCOIN All the way to 🌙 New ATH!!BINANCE:BTCUSDT PHEMEX:BTCUSD IS THAT A BULL FLAG AGAIN !!! Forming bull flag again in BTC I'm excited to see a bull flag near the ATH!! We need a closing of the 4 hour candle above 61 to confirm its bullish power. Yeeh it's almost over there. If we broke the resistance and close above their will be a new ATH in Two days, Or else the pump will take some time to gain its full power to break the current all time high. Friends always DOYR before trading This is not a financial advice.
BLong
by chartgram
BTCUSD Don't worry we are still Bullish.BINANCE:BTCUSD PHEMEX:BTCUSD We are surely going to Moon 🌙. As we know early there were a massive resistance at 57.5k to 58.2k thats why we stay and consolidated there for a while. As the bulls came to the game we break the resistance and now we are under the next major resistance which is 59200 and up again one more at 59400 if we break them we will surely go to the 61 resistance region. In any case we get rejected by those still we we can go up only after touching the 57k support once more. Trade safe guys almost all the bears got Liquidated. Always DOYR. Not a financial advice.
BLong
by chartgram
BTC USD Bull. Bears Almost got LiquidatedPHEMEX:BTCUSD BINANCE:BTCUSDT As we can see the bull power of btc has gained and the bears has been almost liqudated. There should be some retests around the current area which is 58500 to 59300 there is a pivot region Which will be retested several times. As we said before after the breakout of these resistance btc will go to the new ATH which will be 65k to 70k Entries below 59k Liquidation should be under 54.5k TP at 62500 Safe exit is 65k
BLong
by chartgram
3 triangle breakdowns bearish but with no convincing volumefollow through, the question on everyone's mind is "are we going short or long" the market and bulls ,bears are playing tug o war with fake out after fake out, believe me i got caught in 2 of them and it taught me 1 lesson and that is to only use low leverage because if u use high leverage you will indeed get rekt in this bipolar bitcoin market with the crazy swings up and down with volatility that just cant be controlled and which way bitcoin goes from here is anyones guess, myself i put in a short position with low leverage as we broke 3 triangle patterns since yesterday , look above at the yellow s.triangle, then a purple s.triangle and then the a.wedge/triangle, they all broke but not in convincing fassion as there was no real volume to go with a creditable breakdown so we will just wait and see where bitcoin and its mental disorder "bipolar ups and downs goes from here, rule number 1 in this kind of undecided market is to not use high leverage as it will get you rekt quickly, please do not mind the colorful and very messy lined chart, its done to help me but can be confusing to others .
Short
by TENXBITTRADER
we are having a small correction to downside outside thebottom of the smaller s. triangle, we should see a target of 33,500.00 at the resistance fib .618 the golden pocket, what we are looking for is a huge bounce back up after reaching that low and then seeing a huge parabolic move up with bitcoin breaking the larger s. triangle and that target is 50k and a all time new high for bitcoin by tonight or def by monday when markets are all open, do you all see this charting patterns, A SMALL S.TRIANGLE WITHIN A LARGER S. TRIANGLE, recap a short below the small triangle then it bounces and then we go parabolic up and have a breakout out of the larger triangle for a all time new high 50k bitcoin.
Long
by TENXBITTRADER