$BTC successfully achieved my long target of $62.3k last night, a milestone I have been anticipating since the beginning of the week. This level has prompted a favorable reaction of 2%, particularly noteworthy given that it occurred over the weekend.
As anticipated, $63.5k has emerged as the 4-hour resistance level. I will closely monitor market dynamics around the weekly close to assess the potential for additional strength, which could lead to a resurgence toward $65k.
Chart Analysis: Currently, the price of #AAVE is experiencing a significant downturn as it approaches a lower liquidity zone. Should the price enter this zone and exhibit a positive reaction, we can anticipate the onset of a recovery phase.
Entry Point: It is advisable to consider initiating a long position in the liquidity zone, specifically within the range of $85.90 to $88.20.
Main Target: The primary target to aim for is the critical level of $100.
Thank you for your attention—wishing you successful trading!
Chart Analysis: The current price trajectory of #XRP indicates a potential weakness, suggesting a possible decline towards previous lows. Should the price stabilize at these levels, we could anticipate the formation of a new uptrend.
Entry Strategy: Consider initiating a long position in proximity to the previous lows, specifically below the $1.020 threshold.
Primary Target: The target zone of interest lies above the $1.110 level, which represents an area of imbalance.
With utmost respect—wishing you successful trading.
There is limited action for me at this moment, so I will continue to exercise patience.
It is indeed frustrating that my $BTC long strategy was off by less than $100 yesterday before showing a response; however, this has resulted in the loss of the Monday Range. My analysis remains valid, but I anticipate that the $63.5k level, which represents the Monday Low, will act as resistance if it is retested today, especially given the reduced trading volume over the weekend.
Chart Analysis: The price of #INJ has successfully moved back above the critical support level of $4.60. Should the price sustain its position above this threshold throughout the correction period, we can anticipate the initiation of a new uptrend.
Entry Strategy: A long position is advisable to initiate during the price correction towards the $4.60 level.
Main Target: Liquidity is present at the prior highs of $5.50, presenting a significant target for potential gains.
With utmost respect, enjoy your trading experience.
Chart Analysis: The current price of #ADA is positioned above the identified imbalance zone. Should the price maintain this position during any corrective movements, we can anticipate a continuation of the uptrend.
Entry: A long position is strategically advisable within the imbalance zone, specifically between $0.1590 and $0.1640.
Main Target: The primary target for this trade is the liquidity level at the previous high of $0.1800.
With utmost respect, I wish you a successful trading experience.
Following the breakout of $BTC from the four-hour downtrend, as indicated by the orange trendline, it is noteworthy that the price faced a rejection precisely at $65.4k, aligning with the Weekly Open. Subsequently, the price retraced back into the prior downtrend, thereby confirming a deviation, and has now returned to the $65.3k level, which corresponds to the Monday Low.
As of the current analysis, the $63.5k level is holding firm as support. This presents an opportunity for entry, with the expectation that the Monday Low will maintain its strength, potentially leading to a movement upward. The strategy has a clear invalidation point: if the price accepts below $63.5k on the four-hour timeframe, it would negate this outlook.
Additionally, I maintain interest in lower price levels, in line with my limit order strategy, which continues to be a valid approach.
Chart Analysis: The price of #ADA has successfully maintained the critical level of $0.16, indicating a strong possibility for an upward trend to commence.
Entry Point: Consider initiating a long position if there is a pullback to the significant level of $0.16.
Main Target: An order block zone is identified above the $0.18 level, presenting a strategic target for potential gains.
With utmost respect, I wish you a successful trading experience.
Chart Analysis: The #ENS price has responded to the lower imbalance zone effectively. Should the price maintain its position above this zone, we can anticipate a resumption of the uptrend with enhanced momentum.
Entry Strategy: A long position is recommended if there is a local correction towards the imbalance zone beneath the $4.20 threshold.
Main Target: The primary target for liquidity is set at the current high of $4.74.
🕯 Chart Analysis: The current price of #BCH is nearing the lower boundary of the order block. Should the price maintain its position within this zone, we can anticipate the commencement of a new upward trend.
📍 Entry: Consider initiating a long position within the order block zone, specifically between $195.8 and $203.1.
✔️ Main Target: The primary target is set at the liquidity level corresponding to the previous high of $256.
😎 With utmost respect—wishing you a successful trading experience.
#Bitcoin is currently approaching the resistance level of the four-hour downtrend, as indicated by the orange trendline. This downtrend has been established since early last week, prompting close monitoring for a potential breakout. A confirmed breakout could drive the price back toward the $65.7k level, which represents Monday's high. Conversely, another rejection from the downtrend could lead the price to revisit the $63.5k level, which has demonstrated resilience over the past few days. It is important to note that the trading conditions this week have not been optimal, with $BTC fluctuating less than 2% in recent days.
Chart Analysis: The price of #ETC is currently positioned above the crucial support level of $6.50. Should the market undergo a correction and the price approaches this level while maintaining stability, it is likely that a new uptrend will commence.
Entry Point: A long position is recommended to be initiated in proximity to the $6.50 mark.
Main Target: There is significant liquidity observed at the previous high of $7.20.
Thank you for your attention, and I wish you successful trading.
Chart Analysis: The price of #HYPE is currently trending downward, approaching its previous low. Should the price stabilize at this level, we can anticipate the initiation of a new uptrend.
Entry Point: A long position is advisable near the previous low, specifically around $52.60.
Main Target: The target for this strategy is set within the imbalance zone, which lies above the $62.70 mark.
Wishing you great success in your trading endeavors.
The recent analysis has demonstrated the successful reclamation of the Monday Low scenario for #Bitcoin , as detailed in yesterday's update. Once the price reached $63.5k on the 4-hour timeframe, it was subsequently backtested and confirmed as a new support level, facilitating a movement toward the supply zone beginning at $64.5k.
It is anticipated that $BTC will encounter resistance in this vicinity, approaching the $65k mark. Additionally, we are approaching the FOMC interest rate decision and the accompanying press conference later today, which are likely to induce market volatility. I will closely monitor whether this level can be established as support or if a retest at $64k and slightly below will elicit a significant market reaction.
Chart Analysis: The price of #APT is currently trending downward, approaching previous low levels. Should the price reach and maintain these levels, we anticipate the initiation of a new growth phase.
Entry Point: Consider opening a long position near the established support level at $0.55.
Main Target: The primary resistance level to aim for is set at $0.64.
With utmost respect, I wish you a successful trading experience.
After encountering persistent resistance at $65,300 (Weekly Open) yesterday, $BTC has experienced a pronounced rejection and is now trading below the established Monday Range.
The loss of $63,400 (Monday Low) on the 4-hour time frame indicates early signs of this level becoming resistance as well. I plan to place a limit order slightly lower, anticipating further downward movement. Additionally, I will monitor for a 4-hour reclaim of $63,400, as this could trigger a rally towards the fresh supply zone between $64,500 and $65,000.
Chart Analysis: The #NEAR price has successfully maintained the crucial support level of $1.80. This stability suggests a strong potential for a continued upward trajectory following a recent local correction.
Entry Strategy: Consider initiating a long position around the $1.80 mark during the ongoing local correction, as this presents a strategic opportunity.
Main Target: The primary target is set at the previous high of $2.05, where significant liquidity is anticipated.
Chart Analysis: In the course of its recent rally, the price of #DOGE has established an imbalance zone. For the upward trend to sustain momentum, it is imperative that the price maintains its position above this zone.
Entry: A long position is advisable within the liquidity zone, specifically between the $0.06960 and $0.07110 levels.
Main Target: The primary objective is to surpass the resistance level at $0.07500.