Is MNTUSDT Gearing Up for a Rally or a Major Breakdown?Yello, Paradisers! Is MNTUSDT preparing for an explosive breakout, or are we staring at the possibility of a deep pullback? The chart is at a critical decision point, and what happens next could define the trend for the coming weeks. Let’s break it down.
💎#MNTUSDT recently tested a significant resistance zone around $1.2651, marked by heavy seller activity in the past. The rejection from this level suggests that buyers need more momentum to push through and sustain higher levels.
💎The price is now raising the probability of a bullish continuation from a demand zone near $1.00, which previously acted as a springboard for the last rally. This zone aligns with the 100 EMA, providing additional technical confluence for potential support.
💎Below the demand zone lies a crucial support level at $0.8775–$0.9227. If the price loses this level, it could open the floodgates for a significant decline.
💎If #MNTUSDT holds above $1.00 and buyers regain control, we could see a rebound toward the resistance zone at $1.2651. A breakout above $1.2651 could trigger a strong rally, with upside targets at $1.50 and potentially as high as $1.80 in the coming weeks.
💎A breakdown below $0.8775 would signal weakness, invalidating the current demand zone. This could result in a sharp drop, with potential downside targets at $0.70 and even $0.60, suggesting a bearish reversal in market structure.
💎The MACD is showing signs of slowing momentum, hinting at the possibility of consolidation or further downside unless buyers step in strongly. The 100 EMA remains a key dynamic support level that bulls must defend to maintain the bullish bias.
Stay disciplined, Paradisers. Let the market confirm its direction before making any commitments. Whether it’s a rally or a correction, being prepared and patient will always set you apart from the majority. Play it smart, stay focused, and always prioritize capital preservation.
MyCryptoParadise
iFeel the success🌴
Trend Analysis
DAX - short term correction currently very Overbought!Hi guys, we are following up with our next opportunity DAX :
Currently it has been perfoming fantastic as being part of the biggest Economy in Europe, and it reached a glorious All time High, following up with the western Indices , SP500,NASDAQ100 and Dow Jones. Currently the price has reached a very overbought level based on the RSI check on 1H time frame and 4H time frame, so for the time being I am looking into a short term correction with a follow up to maybe break down the current all time high and get passed it.
Entry : 20,400
Target : 19,916
Let's see how things are going to formulate and move from there.
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
DeGRAM | EURGBP rebound from 62% retracement levelEURGBP is in a descending channel above the descending wedge formed by the trend lines.
The price is moving from the lower trend line and the lower boundary of the channel.
The chart has already consolidated above the upper trend line and is now above the support level coinciding with the 62% retracement level.
We expect the rebound to continue.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
btc usdt short Trend Analysis:
The overall structure indicates a bearish trend, confirmed by lower highs and lower lows. This supports the rationale for entering a short position.
Entry Point:
The short entry was initiated after a significant price drop, followed by a pullback that failed to break above a previous support zone, now acting as resistance. This resistance was confirmed by the bearish reaction at that level.
Stop-Loss Placement:
The stop-loss for this trade is set at 102,260 USDT, above the resistance level and previous consolidation area. This placement helps manage risk by protecting against unexpected upward price movements.
Take-Profit Target:
The take-profit target is set at 82,524 USDT, aligning with a key support zone from a prior swing low. This target captures a significant potential move, with the trade offering a high risk/reward ratio of approximately 15.88.
Risk/Reward Ratio:
The risk/reward ratio of 15.88 indicates an attractive trade setup where the potential profit significantly outweighs the risk involved. This ratio reflects disciplined risk management.
US30 POSSIBLE BUY The market is currently testing the current Weekly 0.78 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBPCHF Ahead of the BOE Interest Rate DecisionGBPCHF Ahead of the BOE Interest Rate Decision
Today, the Bank of England (BOE) is expected to release its rate decision. The BOE is anticipated to keep rates unchanged at 4.75%. If this happens, the GBP could see slight bullish momentum, but nothing significant.
However, considering the improving UK data over the past month, we could see a weaker GBP , if the BOE cuts rates.
The price has already broken out from a bearish pattern.
This movement is very risky, as it is mainly based on the BOE Interest Rate Decision.
These events can easily invalidate patterns, so it is advisable to be cautious.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Bitcoin and altcoin overview (December 20-21)Bitcoin did not follow the priority scenario and broke through the buying zone of $102,000-$100,000 (accumulated volume) without a proper secondary reaction.
At the moment, the local scenario has shifted to bearish, with all major volumes located above, so we only consider going long after confirmation or consolidation above the now mirrored selling zone of $100,000-$102,000.
Currently, there is a small absorption of sales in cumulative delta, but there are no reversal formations, we expect a test of the $94,200 level and will monitor the reaction.
Selling zones: $100,000-$102,000 (mirrored volume zone), $103,200-$104,200 (local volume zone).
Buying zones: level $94,200 (buyer aggression), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).
For altcoins, we are only considering local formations
Gold Analysis December 20⭐️Fundamental Analysis
Gold prices maintained a buying bias in the first half of the European session on Friday amid prevailing risk-off sentiment. Amid persistent geopolitical risks and trade war concerns, the threat of a US government shutdown prompted some safe-haven flows into bullion. C
The Federal Reserve's hawkish signal that it will slow the pace of rate cuts in 2025 acted as a driver for US bond yields and favored USD bulls. Traders now look to the US Personal Consumption Expenditures (PCE) price index, which could influence the USD price dynamics and act as a driver for gold prices in the US session.
⭐️Technical Analysis
Gold rebounded from 2587. This zone became a resistance zone but is no longer too strong if the selling pressure is strong. The important zone at the moment is around 2607. When this zone breaks before the middle of the European session, the target of 2622 will be where SELL signals can be considered. If the US session breaks this zone, we have two possible resistance zones, the first SEL around 2633-2635 and when this zone breaks, we must aim for 2658-2660. If it fails to break 2607, set SELL to 2555.
⭐️Trading signals
SELL GOLD zone 2622-2624 Stoloss 2627
SELL GOLD zone 2633-2635 Stoploss 2638
BUY GOLD zone 2656-2654 Stoploss 2651
BUY Scalp 2692-2690 Stoploss 2687
December 19 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is Bitcoin's 30-minute chart.
In a little while, at 10:30 and 12:00, there will be a Nasdaq indicator announcement.
As I explained,
Nasdaq and Bitcoin both reached the center line of the Bollinger Band daily chart,
but Nasdaq is recovering the 12+ daily pattern,
and Bitcoin has touched the center line of the daily chart alone, so the mid-term pattern is broken.
Even if it succeeds in bouncing back from the current position,
it is a problem,
but today, at least in Nasdaq, there is a higher possibility of a sideways movement rather than a plunge,
so we proceeded with trend following.
*Red finger movement path
One-way long position strategy
1. 101796.5 dollars long position entry section / When the green support line is broken
or when section 2 is touched, stop loss price
2. 104828.5 dollars long position 1st target -> Good 2nd -> Great 3rd
If the strategy is successful, the daily chart ends. The 1st section of the red finger is
a long position re-entry attempt and stop loss price autonomous section.
Today, the 15-minute Bollinger Band center line
has not been touched even once, so the strategy is to play at 5+15 or even 15+30 even if it is pushed.
With a strong upward condition, the success rate is approximately less than 5%.
From the 1-hour chart center line touch,
it can be dangerous because it is open downward, right?
Also, I marked the purple finger at the top.
In order to succeed in today's strategy,
you must first touch 102.7K to increase the probability,
and the long position switching position can change from the 1st section touch consecutively.
If the adjustment comes out immediately without touching the purple finger at the current position,
a long position entry position can come out once within the purple support line near the center line of the 30-minute chart,
and it becomes a dangerous section from the 2nd section touch.
You can see the movement within the convergence section of the orange resistance line of the 1st section and the sky blue support line of the 2nd section at the top as a sideways market.
I drew a gray rising trend line in the 3rd section,
and if it doesn't deviate from this section depending on the movement this week,
it can continue to rise.
If the 3rd section touches today, it seems like it will be a double bottom condition,
but I don't recommend it. Bottom is the place where the 12+ daily pattern can be restored, but if a strong rebound does not occur, the candle may deviate from the center line of the daily chart, so additional declines may occur.
Up to this point, I ask that you simply use my analysis for reference and use,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
NIFTY 50 20th December 2024If you're looking to initiate a buy trade near this level with a small stop-loss, here's a possible strategy based on the chart:
Stop-Loss (SL):
Place the stop-loss slightly below 23,660 to limit downside risk in case the support breaks.
Target Levels:
First Target: 23,780
Second Target: 23,825.55
AXL/USDT: MAJOR ASCENDING CHANNEL - 85% PROFIT POTENTIAL SETUPTechnical Analysis: 🎯
- Trading within a strong ascending channel since August 2024
- Current price: 0.7145 USDT
- Price retesting major channel support - prime entry zone
Entry Strategy:
✅ Strategic Entry: 0.7007 USDT
- Perfect channel support confluence
- Higher lows pattern maintained
- Volume profile showing accumulation signs
Target Projection:
🎯 Primary Target: 1.3114 USDT (87% ROI potential)
- Channel resistance alignment
- Historical resistance zone
- Clear upward trajectory within channel
Risk Management (CRITICAL):
⚠️ Stop Loss: -4% below entry
- Protected by channel support
- Clear invalidation level
- Impressive 1:21.75 Risk-Reward ratio
Key Technical Factors:
- Ascending channel providing clear direction
- Multiple touches validating channel strength
- Price action showing healthy pullback to support
- Volume confirming key reversals at support
Trading Plan:
1. Enter at 0.7007 USDT
2. Stop loss at -4% for capital protection
3. Partial profits recommended at channel midpoint
4. Final target at upper channel resistance
⚠️ Important Notes:
- Channel trades require patience
- Watch for bullish confirmation at entry
- Volume confirmation crucial
- Always use proper position sizing
🔔 Remember:
- DYOR (Do Your Own Research)
- Risk management is crucial
- Market conditions can change
- Follow your trading plan strictly
#TechnicalAnalysis #AXL #Crypto #SpotTrading #ChannelTrading #CryptoTrading
Would you like me to provide alternative title options or elaborate on any aspect of this analysis? 🚨
BTC: Bullish Weekly Trend, But Daily Chart CautionsKey Observations:
- Weekly candles forming higher highs and higher lows, indicating a bullish trend.
- Currently testing weekly bottom support.
- However Daily chart showing trend and EMA reversal, suggesting a potential short-term correction.
Dilemma:
- Should we buy now, given the bullish weekly trend?
- OR wait for daily EMA reversal off weekly EMA?
Possible solution is to watchout:
- for a break of the previous week's low may provide clarity.
- Alternatively, if the price holds above the previous low, to rally to 104k.
Trading Idea:
- Consider playing the 94k-104k range for a potential bounce.
- Alternatively, wait for a daily EMA reversal before entering a long position.
What are your thoughts?
Gold Next Week Timeframe :
D1 trendline broke
H4 Bullish eng
H1 Bullish eng + FVG
D1 trendline has broken the down trendline, H4 has bullish engulfing at demand zone, H1 has also bullish engulfing and Fair Value Gap (FVG).
Entry :
According to H1 TF, entry point is 2643 at the area of FVG and Bullish engulfing.
Stop loss 2630 and Target is 2723.
Its possible to achieve target next week in FOMC.
Dogecoin at its crossroads: Moment of truthHello, fellow traders!
This is my analysis on Dogecoin as well as the market sentiment overall.
1️⃣ Technical Analysis on Dogecoin
There are four major analyses for Dogecoin.
1. Dogecoin broke below the uptrend channel on December 12th.
We see Dogecoin breaking below the daily uptrend channel after touching the channel’s resistance line. The price attempted a bullish rebound on December 11th but failed, resulting in the break below and raising concerns about the future of the rally.
2. Dogecoin broke below the Price Action Zone yesterday.
Even after breaking below the channel, there was still a chance for Dogecoin to reenter the channel. If the price was within the Price Action Zone (PAZ), the rally could still have continued. However, exiting the PAZ greatly discourages this.
3. Dogecoin formed a ‘Double Top’ pattern.
Dogecoin, having formed two tops on November 23rd and December 8th, has broken below the neckline of 0.36482, which is a valid sign for a possible downtrend.
4. Dogecoin broke below the rectangular box.
Another bearish sign, similar to the PAZ breakthrough and the Double Top pattern, as the price of Dogecoin breaks below the rectangular box.
All of these are strong signs that are foreshadowing the bearish momentum.
However, the price of Dogecoin has currently rebounded after touching the major level of 0.34010, forming a bullish hammer candle. So, does this signal a good entry for long? What are we to expect from Dogecoin – and the market itself, for that matter?
2️⃣ Understanding the market
It's essential to understand the overall market movements first and also the reason behind them.
The crypto market has left investors with confusion over the past few days, but Bitcoin is continuing its bullish rally for now. Let’s have a look at the Bitcoin chart.
With Bitcoin falling over 5% yesterday, it is currently climbing back up with a green hammer candle. Today’s candle is particularly important as the price has touched both the support line of the current uptrend channel and the upper side of the major demand zone. Showing the rebound at this AoC (Area of Confluence – where more than two lines, zones or levels intersect) could indicate an additional climb especially with Bitcoin’s price remaining within the channel.
However, if the candle closes red, ignoring the AoC, this could heavily discourage the market’s bullish momentum.
BTC Dominance also continues to rise yet is forming a ‘shooting star’ candle today (for now) as altcoins including Dogecoin faces rebound.
Ethereum presents a particularly intriguing chart as it attempts to reenter the uptrend channel after breaking below yesterday. If the bullish momentum is strong enough, it could reenter the channel before today’s candle closes.
Today’s candles for these cryptos are important because they could shape the future direction of the market. Bitcoin closing below the channel could spark fear throughout the entire market and question many of the rally’s continuation.
Same goes for Dogecoin: the candle is currently green, but with considerable time remaining until the candle closes, Dogecoin could face downtrend – possibly toward 0.22930. Dogecoin exiting the uptrend channel & PAZ already shows that it has lost much of the bullish momentum it showed last month.
It is important to understand the context of the sharp decline yesterday – many of you may already be aware but for those who are not – the US Fed interest rate has been cut to 4.50% (from 4.75%). While this is typically a good sign for the market, the Fed also hinted that there will be fewer cuts in 2025 – triggering sharp declines across the major markets including stock and crypto.
Another (and more significant) thing worth noting as a crypto trader is that Fed Chair Powell has commented, “That’s the kind of thing that Congress to consider, but we are not looking for a law change,” when asked about the possibility of digital assets being held by the central bank. His answer, implying that the central bank currently has neither the legal right nor the intention of owning the digital currency, impacted the crypto market furthermore – because the current rally has mostly been driven by the hype of ‘digital currencies being adopted by the governments & banks as tools to cover their financial challenges such as paying national debt.’ But with Fed Chair dropping the axe that this is not going to happen (at least for a while), the rally loses its purpose – which could heavily damage its momentum. And the fear has already been reflected by the market as we see the sharp decline.
3️⃣ What to expect?
Before sharing my insights, I want to emphasize the following first:
The Crypto market, notorious for its high volatility, maintained its reputation today as Dogecoin’s price fluctuated wildly. (Being a full-time trader,) I’ve watched price moving up and down multiple times – at one point, it almost seemed like the price would drop straight down to 0.22930, only to reverse direction minutes later. Be very, extremely cautious – it is always wise to stay passive and observant before diving in instead of trading instantly upon price touching or breaking the major levels or zones - even if they look promising. Market is often very unpredictable.
Bitcoin seems to be performing well as the price remains within its uptrend channel.
However, the same cannot be said for Dogecoin or Ethereum. (Some altcoins like Uxlink are showing unusual movements despite the market sentiment, but these are most likely cases of manipulation and should be considered exceptions.) Dogecoin has already lost a big part of its bullish momentum and Ethereum is also stumbling with its price breaking below the channel. Of course, this is not to say or assume that the rally is over – no one knows the future. Consolidation often means building momentum for a bigger leap. Nothing is to be assumed.
For example, in my recent post on Ark CRYPTO:ARKUSD , I’ve mentioned that it is very unlikely that we would see a rebound at the AoC (red box in the chart below) due to the market sentiment then, but here we are with the possibility.
But it is true that the current chart of Dogecoin is currently leaning more towards the bearish side. If the price breaks below the red dotted line (0.34010) or even shows the bearish reversal upon touching (or nearing) the major zones or levels, there’s a chance the bearish movement would continue, granting us the short opportunities.
(Also, it’s not hard to imagine that some form of resistance may occur before any continued decline, so be mindful of a possible last squeeze – if the downtrend does materialize.)
React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful.
God bless :)
Romans 5:8
GRASS triple nested 1-2 ideaI've been closely monitoring GRASS for a potential triple 1-2 setup , as there's a notable resistance at the $3.90 level, which could act as a triple top zone. If a rejection occurs, another 1-2 formation might develop within its micro subwaves. However, this setup presents a strong opportunity, with a realistic and achievable target of $10 .
BTC/USD: Selling Opportunity EmergesBTC/USD: Selling Opportunity Emerges
A prime selling opportunity has arisen in the BTC/USD market. The recent breakdown of the rising wedge pattern has confirmed a bearish trend reversal.
Key Points:
- Rising wedge breakdown confirms bearish trend reversal
- Support levels breached, validating the downtrend
- Potential target at $95,000
- Selling opportunity emerges as price action aligns with bearish trend
Best wishes Tom 😎