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Contact for any queries @Steffendude
Here's the Analysis of #NEAR :
#NEAR is been rejecting off the major resistance zone $1.52 - $1.56 and kinda rejecting from trendline too. Right now, price taking off support from the structural area around $1.44. Its better to break either side to take any potential setups. For shorts, we need a closure below the $1.42 area.
#XRP doesn't look promising and and trying to break below the support zone. Currently, trade running at breakeven, so close it. Better prepare for shorts, after the break and close below.
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Here's the Analysis of #SOL :
#SOL rejected of the strong resistance zone of $17.35 - $17.59 and been consolidating inside the range below the zone. Price taking support around $16.00 -$16.20 and have to wait for a setup. Potential buys come from here, so this setup will be high risk. A breakout will decide the next potential entry for low risk trade.
What is Chart Patterns in Trading ?
Chart patterns in trading refer to a recognizable #pattern that forms on a price chart that can provide information on the direction of the market, trend, and potential price movements. They are visual representations of the supply and demand dynamics of an asset in the financial markets. There are many different types of chart patterns, including but not limited to #Head and Shoulders, Double/ Top Bottom, #Triangle Pattern, #Cup and Handle, #Flag and Pennants.
The different types of chart patterns each have their own #characteristics and implications. For example, the head and shoulders pattern typically consists of three peaks, with the #middle peak being the highest, and is used to identify potential trend reversals from bullish to bearish. The double top/bottom pattern consists of two peaks or valleys and can signal a potential #trend reversal or #continuation, depending on the direction of the pattern.
Chart patterns can be used in #conjunction with other technical analysis tools and indicators to make trading #decisions, such as #entering or #exiting a trade, setting stop-loss orders or taking profits.
#BTC is been still inside the range and might move with Monday volume with market open. Price nearly tested the support zone of $30,000 and have to wait for a breakout to happen. Market Structure is bullish, so hoping for a rejection.
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#APE stuck between the zone and started ranging, so a proper breakout would be need to seen for any sort of buy or shorts setups. A per Daily TF, candle wick rejecting resistance alot, so a break below would be potential swing trades.
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Here's the Analysis of #VET :
#VET is been rejected from the major resistance zone of $0.0193 - $0.0195. 4H nd Daily structure remain the bullish, but a deeper retracement is possible at the moment. So nothing can be done for now, just wait for the price to to develop support on daily TF to take continuations.
What are Diamond Hands ?
#Diamond hands, on the other hand, are a variation of strong hands and emphasize an even higher level of conviction and #determination. The term "diamond hands" is often used to describe #investors who not only hold onto their assets during market downturns but also refuse to sell even in the face of extreme volatility or negative news. These individuals have unwavering faith in their investments and are committed to riding out the ups and downs of the market, with the belief that their patience and long-term outlook will be rewarded.
Both #strong hands and #diamond hands represent a mindset of #resilience, patience, and a focus on long-term #goals rather than short-term fluctuations. These #investors typically aim to maximize the potential returns of their investments by staying committed to their strategies and not being easily swayed by market sentiment or temporary #market conditions.
Belgium Regulator Orders #Binance to Cease #Crypto Services in the Country.
These days #Binance getting alot of trouble to deal with, be safe with your funds 📉
Here's the Analysis #APE :
#APE is kinda stuck between the ranges and zone, and price rejected hard from the resistance around $2.35 - $2.40 and currently taking off from the support area of $2.165 - $2.195. Right now, range is not enough to take buys from so wait for the proper breakout.
#OCEAN breakout of the tiny consolidation range and did a retest too. Potentially, price can push higher from here and if you took buys then hodl with tight stops. Let see what the outcome will be.
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#Coinbase saw more buying compared to selling over the past few days while the opposite trend occurred on #Binance.
What's your view 👀
Here's the Analysis of #MASK :
#MASK is been trending down inside the downtrend channel pattern and testing the resistance line too. Well, price might break or reject from here and if daily candle closed bearish and form resistance then we can expect a down move till strong support zone $2.591 - $2.811.
#APT going going good as far it flipped above the zone. Price is been jumped around 9.3% in favor and its a good time to secure some profits with stops at Breakeven. a Push in expected till resistance area around $8.45 - $8.62, which is the final take profit area.
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What is Head & Shoulder Pattern (H&S) ?
A #Head and Shoulders pattern is a technical chart pattern that is used in technical analysis to identify #potential reversal patterns in the price of an asset. The pattern is formed when the price rises to a #peak (the left shoulder), then falls, rises again to a higher peak (the head), falls again, and then rises to a lower peak (the right shoulder). The pattern resembles a person's head and shoulders, hence the name.
The Head and Shoulders pattern is considered to be a #bearish reversal pattern, which means that it suggests that the price trend of the asset is likely to reverse from an upward trend to a downward trend. The pattern is typically used by technical analysts to identify when to sell or #short a security, and to set stop-loss orders to limit potential losses.
#Traders often use other technical indicators in conjunction with the Head and Shoulders pattern to #confirm their trading decisions.
There's not alot movement in #bitcoin and market kinda slowed down too. Price still holding the support zone, kinda hodling above/ buying support. in LTF, price forming the bull flag, so wait for a breakout to happen.
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#Digital asset investment products saw the largest single weekly inflows since July 2022, totaling $199M, correcting almost half of the prior 9 consecutive weeks of outflows.
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#ETH made a easy Consolidation above the major support and blast up towards the next resistance zone around $1927 and ranging. Well, we've an another strong level above around $2000 but we need to breakout either side to decide the direction
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Here is the analysis of #XRP:
Price is now testing the $0.48-$0.4846 support zone. Overall market is looking good and a bounce is expected from this support zone. You can build a long position with proper risk management. The resistance is mentioned on the chart.
#BTC.D UPDATE :
#BTC.D is been broke out the range and with that #BTC touched the $31,000 mark. Altcoin performed the same and managed to keep up with it but quite less. The next good area for resistance would be 52.78% - 53.13%. If you're in alts trade with good profit, make sure to secure major one here.
#BITCOIN WEEKLY UPDATE :
#BITCOIN made drastic jump of near about 20% this week and candle is going to close today. Closing is important and need to close above the resistance area of $30,200 to sustain bullish. If this closes below, then it will turned it into a rejection will let the price drive down.
the overall value of profit and loss events has reached its lowest point in the current market cycle, standing at $268 million. This level harkens back to October 2020 when Bitcoin prices were around $10,000, underscoring the subdued nature of capital movements within the asset class throughout this year.
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#APT made a another push to print a new higher high and kinda close below the structural resistance. Still, trade pushed around 11.5% in profits. It better to secure some and make Stops to Breakeven.
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#BTC hodl the support level and straight away hit the next strong resistance zone around $31,370. The move was due to news based on the market. Now this is our new range to deal with, and price is bullish to must breakout to the upside. A break below of the zone will be considered as end of the rally for short-term and deeper retracement will come.
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#SEC approves first leveraged #Bitcoin futures #ETF 🚀🚀
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What are Strong Hands ?
"Strong hands" are terms used in trading and #investing to describe individuals who exhibit resilience and conviction in holding onto their #assets, even during periods of market volatility or downturns.
Strong hands refer to investors who have a long-term perspective and are #confident in the value and potential of their investments. They are less influenced by short-term price #fluctuations and external market noise. These individuals have a #solid understanding of the fundamentals and believe in the long-term growth prospects of their #assets. They tend to hold onto their investments, even during challenging times, without being easily swayed by #market sentiment.
#BTC is been ranging after the strong impulsive move as mentioned. Also, price holding above the support zone of $29.820, which seems to be good for it. Candle We need to see a breakout of the daily candle for the next impulsive move.
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What are Weak Hands or Paper Hands?
"Weak hand" or "Paper Hand" is a term commonly used in #trading and #investing to refer to individuals who are easily influenced by short-term market fluctuations and tend to sell their assets quickly, often at the first sign of price #decline or volatility. These individuals lack conviction and are more prone to making impulsive decisions based on fear or panic rather than a #long-term investment strategy.
A weak hand #investor is typically driven by emotions and reacts to market movements without considering the underlying #fundamentals or #potential for future growth. They may lack patience and the ability to withstand temporary price fluctuations, leading them to sell their #positions prematurely and potentially miss out on potential gains.
In Past 24H, there were around $160M worth of short liquidated 📊
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