Here is another diametric pattern with a few remaining legs that CAN provide a couple of scalping opportunities.
🕯Outlook
One rejection from the top and a pullback from the bottom are what we are planning for.
⚠️Key Level
The red resistant zone at the end of wave (e) is the first technical area. A rejection from there will set up the scenery for a nice pullback opportunity for wave (f) and that's where the main idea of this insight will be activated.
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Since price has started its bullish move from the bottom, our previous analysis has delivered half its targets and the remaining positions should remain risk free waiting for higher targets.
🕯Outlook
Now at this point price is standing at a critical resistant zone. If momentum picks up, price CAN continue to move up by showing Signs of Strength (SOS), to reach higher levels.
⚠️Key Level
If price can not break above the highlighted red zone and loses the support of the highlighted "Important Zone", a new bearish move CAN start. LINK IN BIO FOR MORE TRADES 🆓 #Macro Insights# #Altcoin Season# #Meme Alpha# #Market Rallies After Bitcoin ETF Approval#
Price is mid level on wave (c) and it seems it has got a bit more room to retrace upwards before the next leg begins.
🕯 Outlook
A bullish move may soon form above the highlighted blue resistant line but we should keep in mind that this bullish move should be limited.
⚠️ Key Level
The main idea is for the price to find some momentum from current level, push above the blue line until it reaches our ultimate rejection area. If price does not maintain bullish move from here or if it is not rejected from top, this insight becomes invalid.
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#Ethereum price has been stuck under 2k level for quite some time and it seems the whole ranging price was part of a complex pattern with inner legs.
🕯 Outlook
Currently we expect price to finish the final correctional leg of its inner (abc) correction before it is ready to make another bullish attempt.
⚠️ Key Level
The key level for this analysis is where wave (c) of the inner (abc) pattern ends. That's where the new wave for the bigger pattern is expected to start. This support needs to hold if #Ether is bound to attempt to retake 2k level.
Price has completed a strong bearish leg and is now testing a major demand zone, where a reaction could start forming.
🕯 Outlook
Once wave C finishes, there a good potential for a relief move from the demand zone toward the flip zone and even beyond.
⚠️ Key Level
The main focus here should be the support at the bottom where buyers are expected to step in; either at the highlighted zone or after taking the liquidity below it to finally finish wave C.
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Price is at the verge of breaking above the descending trendline as the lower liquidity has been taken out under a spring (s) move.
🕯 Outlook
The momentum is expected to hold as price shows Signs of Strength (SOS) at higher resistant levels.
⚠️ Key Level
Highlighted gray zone is where buyers should hold price in order to push it higher. If the whole zone is lost, and price goes to lower levels, the pattern has failed.
Price is about to start a retracement move towards higher resistant levels before it is ready to go down again.
🏹 Plan
Our plan is to catch the pullback before the retracement move upwards starts. Each highlighted support could give us best case and worst case scenario as entries.
⚠️ Risk
If market makers plan to keep pulling price down without retracements, price will go below wave (b) and breach our invalidation level. So keep that scenario for cutting loss as well. LINK IN BIO FOR MORE TRADES 🆓 #INJ #Injective #Macro Insights# #Trading
We expected the bullish (abc) pattern to have finished at our previous analysis full target but the strength of the correction tells us something different when we zoom out.
🕯 Outlook
The strong initial move we saw at the bottom of wave (b) CAN make another attempt to break above the previous high with a slight pullback.
⚠️ Key Level
Highlighted gray zone is where the correction should come to an end if wave (c) is to make anotber attempt to break above the previous high.
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#UNI has started a correctional pattern after losing the support of trendline and this move seems to continue under several swing moves.
🏹 Plan
Each retracement CAN be our chance to sell this coin at reliable technical points to ride the next move downwards.
⚠️ Risk
Pay attention to the highlighted entry zone. If price breaks above it with fully bullish candles and breaches the invalidation, it means pattern has turned bullish and it's better to cut loss. LINK IN BIO FOR MORE TRADES 🆓 #Unichain #Uniswap #Uniswapv4PositionsNFT