Ascending trendline which held price for weeks is lost and a the initial wave of correction may be finished by sellers booking their profits soon.
🕯 Outlook
The trading opportunities here are on the remaining legs. A retracement upwards may provide a scalping opportunity but the main focus should be on riding wave (C) downwards.
⚠️ Key Level
Each highlighted zone shows where price may react. Keep in mind that there is a room for deeper retracements and pullbacks so consider the depth of each box in your risk calculations.
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The price of #AERO is trading near the key level of $0.40. If the price holds this level during the correction, an upward move will follow. The main target for the rally is the liquidity at the previous high of $0.54. LINK IN BIO FOR MORE TRADES 🆓 #Macro Insights# #Macro Insights#
During its recent price movement, #ICP has formed a large 4-hour OB zone between $2.015 and $2.070. If the price reacts to this zone during a correction, a new uptrend will begin. The main target for the price increase is the liquidity at the previous high of $2.250.
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$HEI/USDT SHORT Swept upside liquidity. Entry: Market DCA: 0.5000
Target:
1)0.4500 2)0.4000 3)0.3500 Allocate a maximum of 2% risk to this trade ❗️ LINK IN BIO FOR MORE TRADES 🆓 #HEI #Macro Insights# #Altcoin Season# #Meme Alpha#
The price of #NEAR has held the $1.60 level. If the price holds this level again during a correction, an uptrend will then begin, with the goal of reaching the 4-hour OB zone above the $1.97 level.
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The price of #ADA has approached the $0.2000 resistance level. If the price fails to break through this level, it will then begin a decline toward the 4-hour FVG zone between $0.1750 and $0.1800. If the price holds this zone, a new attempt to break through the resistance will follow.
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Market makers have already attempted two strong selling activities from the top as wave (a) & (c) of the complex correctional pattern we see on the chart.
🕯 Outlook
Since each heavy move is followed by a retracement and cool off, we expect another move to bring price up for another selling opportunity (wave d).
⚠️ Key Level
Highlighted zone is the retracement area to the broken trendlines and critical resistant lines. As selling positions to ride wave (e) seems logical, make sure you have risk plans in case price beats above the previous highs as well.
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The price of #AVAX is correcting toward the 4-hour FVG zone between $6.200 and $6.320. If the price reaches this zone and shows a reaction, a new uptrend will begin to form. The main target for the rally is the liquidity at the previous high of $6.840.
The price of #ARB is gradually declining toward the liquidity zone between $0.07030 and $0.07350. If the price reaches this zone and shows a reaction, a new upward move will begin. The main target for future growth is the $0.09500 resistance level.
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The price of #ZEC is approaching the key level of $450. If the price can hold this level, a new uptrend will begin. The main target for price growth is the liquidity at previous highs above the $555 level.
The #ONDO price has shown weakness and begun a correction. If, during the correction, the price reaches the key level of $0.35, that will be the optimal entry point for a long position. The main target for the price to rise is the liquidity at the previous high of $0.4280.
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$SOL is trading around 73.07, right at the apex of a symmetrical triangle that's been forming since the June low near 59.60. Price is squeezed between the descending trendline near 81 to 82 and the ascending trendline now meeting right around 73, and this narrowing structure is nearing its breakout point on the 8H chart.
A breakout above 81 to 82 flips this bullish and opens the door toward 84 and 86 next. Losing 73 breaks the triangle to the downside and exposes a drop toward 68 and 65 below.
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Der Preis von #ZRO konsolidiert in der Nähe der wichtigen Marke von $0.75. Wenn der Preis es schafft, diese Marke zu halten, wird ein neuer Aufwärtstrend entstehen. Das wichtigste Kursziel für weiteres Wachstum ist die Liquiditätszone beim vorherigen Hoch von $0.9650. LINK IN BIO FÜR MEHR TRADES 🆓