Spot
Can WE Reach XLM ATH in Few Weeks?After Very long side way XLM has broke out two very Strong Key Level Of Resistance with very bullish weekly candles .
in the last two candles we can see great engulfing which broke resistance key level and finally nice rejection by zone and dynamic trend line.
there is two long possibility for price action now: get back to the zone one more time and start to moving up and break small ascending channel then pullback to it and then start moving up.
$SNX/BTC 90m (Binance Spot) Falling wedge breakoutSynthetix Network broke bullish of that falling wedge, the idea is to catch it on a possible pull-back.
Also, 100EMA seems to be acting as support now, that's why entry zone is down there!
Current Price= 0.0004010
Buy Entry= 0.0003915 - 0.0003813
Take Profit= 0.0004074 | 0.0004341 | 0.0004540
Stop Loss= 0.0003653
Risk/Reward= 1:1 | 1:2.26 | 1:3.2
Expected Profit= +5.43% | +12.34% | +17.49%
Possible Loss= -5.46%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 120h
$ADA/BTC 1D (Binance Spot) Falling wedge breakout & pullbackCardano broke out of that big falling wedge, this is surely a bullish pattern, fill your bag in the zone.
Also, 100EMA seems to be supporting the current price action, and fundamentals are very positive (Shelley release)!
Current Price= 0.00000831
Buy Entry= 0.00000831 - 0.00000781
Take Profit= 0.00001034 | 0.00001162 | 0.00001348
Stop Loss= 0.00000692
Risk/Reward= 1:2 | 1:3.12 | 1:4.75
Expected Profit= +28.29% | +44.17% | +67.25%
Possible Loss= -14.14%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Bullish flag: Example with SpotifyOne of the most commong chart patterns is the flag and it can be a bullish or a bearish depending on the direction it is formed. Usually they are trend - confirming patterns and are occuring after a strong impulse of buying or selling activity, some brief consolidation, and then the price continues in the same direction as the first impulse. The target of the pattern is the "handle" of the flag, meassured from the moment of breach. Sometimes the buying can continue agressively and the price may reach higher than the initial target zone. Traders though interpret differently the target level in regards to the meassurement of the handle. The stop loss is usually placed below the configuration itself, not the handle. That of course can be adjussted by everyone's personal view and risk management. The decision to enter may vary. The first entry can be aggressive with a sell or buy limit near the pattern. Order can be executed after the breach and on the next open, or you can wait out for a correction back to the figure. We say that the flag is complete and confirmed when the initial target level is reached.
In the example we see current development of a bullish flag in Spotify. The breach here was minimal and not that convicning, but the next open was strong and with a gap. Yesterday's close is a classic correction of the initial impulse of 40% to 50% of the candle.
$KMD/BTC 1D (Binance Spot) Descending channel breakout & retestKomodo time is coming, after such downtrend next move up will be massive in my opinion!
Current Price= 0.0000155
Buy Entry= 0.0000155 - 0.0000135
Take Profit= 0.0000238 | 0.0000308 | 0.0000361
Stop Loss= 0.0000361
Risk/Reward= 1:2.02 | 1:3.54 | 1:4.7
Expected Profit= +64.14% | +112.41% | +148.97%
Possible Loss= -31.72%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Update on Spotify: bullish flag triggered Buyers were able to pinch trough the flag's resistance level and thus trigger the formation.
Two scenarios in this case may follow:
1. Price tests again the figure and continues it's way up;
2. Price aggressively starts to rise and complete the flag fast with big volumes;
Bitcoin (BTC) • OKEX and Binance now trading above spotFollow-up on my previous video. We end up having another leg up as Binance and OKEX perpetual swaps been trading bellow spot trying to frontrun the market. Now that we saw another $13M being added to liquidations books an perps trading above spot once again is making the correction more likely.
However we need to understand that we are currently in a spot-dominated market boosted by liquidity shortages on the supply side. As such even with perps trading above spot it can keep climbing up due to the frenetic demand coming from spot.
$YFII/BTC 2h (Binance Spot) Descending channel near breakout#DFiMoney seems to be preparing for a big move up, watch for breakout!
Current Price= 0.04672
Buy Entry= 0.04655 - 0.04535
Take Profit= 0.05096 | 0.05391 | 0.05797
Stop Loss= 0.04260
Risk/Reward= 1:1.5 | 1:2.38 | 1:3.59
Expected Profit= +10.90% | +17.32% | +26.16%
Possible Loss= -7.29%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 180h
DOGE/BTC 1D (Binance Spot) Descending parabolic channel breakoutDogecoin is used to react well during Alt Season, let's jump in after that clear break-out.
Current Price= 0.00000018
Buy Entry= 0.00000019 - 0.00000017
Take Profit= 0.00000022 | 0.00000026 | 0.00000032
Stop Loss= 0.00000014
Risk/Reward= 1:1 | 1:2 | 1:3.5
Expected Profit= +22.22% | 44.44% | 77.78%
Possible Loss= -22.22%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1440h