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SEI - A Technical Analysis - New High is Breakout or Fakeout ? BINANCE:SEIUSDT (1D CHART) Technical Analysis Update SEI is currently trading at $0.9030 and showing overall bullish sentiment We are seeing confirmed breakout from the resistance zone. Currently price is heading back to its support level (Previous resistance level), we can expect the price to bounce back after hitting the support level. Enter 50% of the position now and rest after the pull back. Entry level: $ 0.8468 - 0.9034 Stop loss level: $ 0.6529 Target 1: $ 0.9982 Target 2: $ 1.1195 Target 3: $ 1.4870 Target 4: $ 1.9038 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
The trendline magnet.The weekly candle that closed yesterday shows how buyers are almost eager to buy on every dip. More fud will be needed to create an intermediate correction (greater than 3-4 weeks), something that could be seen as a small catastrophe by the market, for now the rise does not seem to want to weaken, which happens in trends that have directionality and volatility, a winning mix for those who trade on btc or in general. But all that glitters is not gold, sooner or later a resistance like this trendline will be found, which is working well, attracting the price as if it were a magnet, in an area where we have no reference, once the highs are broken historical ones we navigate by sight, not knowing where the most respected levels are. Some use Fibonacci which is a very useful method in these situations, but it is not infallible, therefore entire movements or bullish "legs" are often left without being exploited. I am trying a new method that combines price and time, unfortunately there is no way to know what the period highs will be, but you can establish "when" to close a position. The advice I always give is that the position should be closed in fractions when you don't know what to do, first eliminating the risk and then closing small portions as prices rise. Everything is subjective, it always depends on where you entered and above all when you entered by buying or opening a position on derivatives.
BITFINEX:BTCUSD
by Melupira89
SAVMUSDT Stalls at Monthly Hurdle: Pullback or Re-Test Incoming?SAVMUSDT is facing significant resistance at $8.506, a key level on the monthly chart. Given current market conditions, a breakout appears unlikely in the immediate future. Technical Analysis: Resistance: $8.506 (Monthly) Support: $7.391 (Daily), $6.630 (Daily), $5.449 (Monthly Pivot) Volume: (Not mentioned in the provided text) Key Observations: SAVMUSDT is encountering resistance at a crucial level on the monthly chart. Overcoming this hurdle could signal a continuation of the uptrend. The recent price rejection suggests a potential pullback or a retest of this resistance zone in the future on the daily chart. If the price falls, it could find support at $7.391 (daily), followed by $6.630 (daily) and then $5.449, which is a significant support level on the monthly chart (monthly pivot). Conversely, a successful breakout above $8.506 could lead to further gains towards $9.246 (second daily resistance) and potentially reach $10.666. SMA 200 can play a pivotal support role for SAVM Conclusion: The inability to break through the $8.506 resistance on the monthly chart suggests a potential pause in the uptrend. Traders should closely monitor the price action around this level. If the price pulls back, established support levels exist at $7.391 (daily), $6.630 (daily), and $5.449 (monthly pivot). Conversely, a breakout above resistance could signal a surge towards $10.666. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
by behnoudt
3
GOLD, 2088 should be holding for the momentHello everyone, price action in Gold continues to be very strange and we saw a significant move to the upside after a bear trap formed below 2000. The move went directly to the 2088 resistance (and orderblock) and a correction from the local overbought conditions is likely. The elliot wave count at this stage is very unclear, but I left my count on the chart. It's still possible to break down again towards lower price targets in the 19xx area. At this moment it's not clear at all for me. I would like to see your comments and wave counts below, so feel free to share.
OANDA:XAUUSDShort
by Kyrean
2
Decoding BTC's Weekly Chart: Insights from SMC PerspectiveBTC has reached a critical point on its weekly chart, entering what we call the SUPPLY zone. This suggests that it might either pull back a bit or surge to new highs before dropping back down. We could see it go down to around 58k to 53k, but it's unlikely to dip below 50k. Why? Because there are new big investors who bought in at these levels and won't sell unless they're really scared or forced to sell. So, the idea of BTC dropping to 24k, as some have predicted, seems pretty unlikely for now. These zones act like strongholds, likely to cause BTC to bounce back up, possibly pushing it higher within the channel. But, if things turn sour and BTC breaks below these zones, the big players, known as whales, might start selling, setting off a chain reaction downward, where other big investors are waiting to buy at lower prices. Understanding the CHANNEL 📈 Think of the channel as the boundaries that guide BTC's price movement. Staying above these lines is crucial to avoiding a downward spiral. Conversely, we can expect BTC's price to soon hit the upper boundary of the channel, according to the weekly outlook. #BTC #ATH: Decoding the All-Time High If we take a closer look at the weekly chart, we'll notice something interesting: BTC's All-Time High (ATH) hasn't been surpassed yet. The bodies of the weekly candles suggest that a pullback might be on the horizon. The white line you see represents a critical level at the ATH, which BTC will likely test multiple times in the future. Breaking above this line would signal a new upward trend towards the channel's upper boundary.
by EpicTradingUK
The trendline on the btcusd weekly.The trendline had its importance, the price crashes into it and retraces, I hope only in the short term, otherwise I may have done the math wrong. There is. Nobody knows the future and technical analysis is the study of the past, therefore the probability that this ongoing movement is a short-term correction is high, for the simple context in which we find ourselves I made this reasoning, an all-time high and then a pullback, I think it's textbook. I also noticed an interesting date like March 29th, on that day there will be a very large number of options expiring, I don't know if it's related but given the amount of BTC in question, I think it's important to keep this in mind. The weekly candle that just closed the day before yesterday is a clear indecision candle drawn on a dynamic resistance like the trendline we see on the chart. So once the strength of the bears has run out, the bull could come back and perhaps even very violently until the intermediate correction, usually longer than 3/4 weeks, unless this is in progress, in which case the scenario would change slightly, but the underlying trend would remain clearly bullish.
BITFINEX:BTCUSD
by Melupira89
The macd on the btcusd daily.Correction in progress, macd reporting a new cycle but we knew this well. Now the thing to do is to wait and understand how long this correction will last, because there are still many buyers. The indicator here is drawing a high and agrees with the price, a signal that the bullish trend is very strong, this is in addition to the other bullish signals we have on btc, including the sequence of highs and lows on intermediate period and time, because by drawing the maximum at 73k usd, the price canceled the previous short-term correction made between December and January. I remind you that it is not enough to have a sequence of ascending highs and lows, but it is also necessary for the price to remain upwards for longer than downwards.
BITSTAMP:BTCUSD
by Melupira89
The weekly on btcusd.An old trendline drawn on long-term cyclical lows, today seems like a good resistance where perhaps the price will have a small moment of pause, perhaps in the short term (3 weeks - 1 month). Last week's closing above the historical highs or in any case in that area also seems to give continuity to the bullish trend, but here now it is more important to try to understand the signals that could lead to a short-term correction or the more important one in the intermediate period. Understanding in time when the price will be in intermediate correction, as we have already seen in the past, becomes essential to recharge or get on the train which at this point only an unexpected catastrophe could stop. With this I don't mean to say that the time has come to sell, but quite the opposite, this is a good time to take advantage of a share for those who already have huge percentages in their portfolio, otherwise there is nothing to do, just wait for the possible corrections and buy. Today it's easier to say, it's true, I was lucky enough to get a lift in time which then proved to be the right one, except that if we didn't follow our experience, we'd be complete asses.
BITFINEX:BTCUSD
by Melupira89
EURUSD 10/3/24EU markup here with almost the same thing as GU with a nice run of the highs on Friday. Looking for a drop here early on our week to lead us into a potential lower priced buy move, mainly we are looking towards our last low as liquid and the demand responsible for the push above our major highs on Friday. il be looking for low risk shorts from our liquid sweep and then some new long positions from the highlighted demand below, leading us into a new high move and giving us a relatively good pullback move! trade what you see and not what you want!
by PipSurfingSociety
GBPUSD 10/3/24GU ran major highs on Friday, and we have seen that the markets what higher prices so we of course will follow this rally as we have from the major lows at 1.25400. The ideal move for us here is the price to pullback into a lower areas and give us a nice long move out of said areas, we have seen a pretty big shift into our highs without pullback so this is what we are looking for, 50% pullback move lower to the demand that broke the highs and caused our HTF BOS and sweep of the same highs. lets see if we are lucky enough to get this i am also looking for some low risk shorts from the liquid move that we have just seen take out the 4HR highs. lets watch what price does and then act accordingly!
by PipSurfingSociety
MRVL has a melt-down trader reaction to mediocre earnings LONGMRVL on the 2H chart had been in a trend up since February 29th when it broke out of the high volume area of the profile in a pre-earnings run . Earnings were reported and MRVL more or less matched the analyst's forecasts. Price sold-off in the aftermath of trader disappointment. I held a large position of both shares and options but sold off half of the positions two days ago to capture some profits. I see MRVL as still above VWAP and so in buying territory and now at a price level supported by the first upper anchored VWAP line as well as the upper boundary of the high volume area. It is a strong stock which I do not believe will make a full Fibonacci retracement. I will now add back into my position half of what I sold a few days ago. and expect a bullish continuation. On a lower time frame, I have guidance from the inside bars that price is printing in the after hours. When regular trading arrives on Friday, I will buy call options for mid-April striking $85 (OTM).
NASDAQ:MRVLLong
by AwesomeAvani
Nvidia - $1000 And Then DropHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: Starting in 2018 Nvidia stock has been trading in an obvious rising channel formation. We had the last retest in August of 2018 which was then followed by a +650% rally towards the upside. Considering that Nvidia is now approaching the upper resistance of the channel, I do expect a (short term) pullback to retest previous support and then more continuation from there. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
20
I Can't Believe It. I've Gone Short on Bitcoin!Traders, True to form, though I rarely do this anymore, I’ve gone short on Bitcoin. My entry was immediate after hitting that resistance level at $60500 which I discussed in the last post. Target will be $48,300 Stop out will be about $63,000 RRR is nearly 5/1 I am confident here so I’ve risked nearly 50% of the trading portfolio. But I will definitely be taking profits at every level (see chart above) along the way. Best, Stew
INDEX:BTCUSDShort
by stewdamus
5
The btcusd weekly.Week that ends with a candle of indecision, the price after a two-week ride has found a level on which to rest. The market is currently recharging its batteries for the next attack on the resistance at 58k USD, which I consider to be much more important than the one it stopped at this week. A scenario that seems to be taking hold when looking at the data on derivatives (futures and options) could be to see the price correct on the support around 49/48k USD, the most classic of pullbacks, both scenarios enter the bullish context, therefore As soon as buyers see lower prices, they will probably increase their purchases. ​
BITFINEX:BTCUSD
by Melupira89
The MacD on btcusd.After a very powerful acceleration, the price found a short-term resistance where it could take a breather. This has thrown a bit of fear into many people, I think it's normal. The tension is high and therefore in some cases the fear of lost profit or mental tiredness sets in. Holding a position open for a long time takes up a lot of energy, so it's okay to take benefits when possible. The MacD highlights how we are in a good moment to recharge, perhaps taking advantage of the panic of those who do not know how to manage feelings. In trading these people are often called a herd of oxen or retail, even if from the numbers we see, at the moment retail is very few, I hypothesize that they will enter the highs or the last wave for the luckiest. The possibility of seeing the price below 50k USD is not excluded, even if the bullish force is always there with buyers crouching just below, ready to take advantage and stop the escape of some lucky calf.
BITSTAMP:BTCUSD
by Melupira89