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NZDJPY Trend Reversal OpportunityOn the 1-hourly chart, it looks like a regular shorting opportunity with Key Resistance Level retested at the almost perfect, but potential BOJ Intervention zone, so for traders of all kind to ''try their luck!!'' However, on the Grand Scale of things, and it is a Type2 Bearish Shark Pattern on the Daily Chart. After I'd include the buffer, I the market hit Price Action Level at 94.00, hence, I'd to push my SL 10pips away, but making it 94.10. Let see how the market moves before the New York Session ''opens''
Short
by RaynLim
Update on BTC Inv head and shoulders pattern.As one can see here looking at this chart, the dotted light magenta colored measured move line is more or less being overlapped by the daily 20ma(thin teal line) for double reinforced support and at the current moment the 20ma is maintaining support for now. It wouldn’t surprise me if price eventually wicked below it to retest the inv h&s neckline as support since it never did on the initial breakout above the neckline, but its also fairly probably that the 20ma or dotted measured move line can hold support. We will find out most likely before mid june if there will be any deeper correction before resuming the uptrend *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
ENA/USDT TRADE SETUP! READY FOR A 100% PUMP!!Hello everyone, the Bitcoin halving is done, and it looks like the pre-halving bottom is also in place. Bitcoin dominance is rejecting its crucial resistance, so it's a good time to invest in alts. I'll try to share some good setups here in the next few days. Here is the first setup of ENA/USDT. The chart looks good, forming a descending triangle. The breakout has occurred, and currently, it is retesting. Buy some here and add more on the dip. Entry range: $1-$1.1 Target 1: $1.2 Target 2: $1.36 Target 3: $1.52 Target: $2.0 Stop Loss: $0.92 Use low leverage (2x-4x). If you like this idea, please support it with a like and comment. Also, don't forget to press the follow button for more trade setups. Thank you!
Long
by CoreCrypto1
Bitcoin's ATH Struggle: Eyeing a Retest of 59K Ahead HalvingAs Bitcoin grapples with momentum after reaching a new all-time high (ATH), the approaching halving event casts a spotlight on significant price levels that could dictate the market's next big move. With the bulls facing resistance in pushing beyond the ATH, a retest of the 59K support seems increasingly plausible. The 59K level is the immediate support that may come into play as the market digests its recent gains. This region is pivotal; holding above it might reaffirm buyer strength, while a break below could indicate a shift in market sentiment, prompting a reevaluation of bullish commitments. In the event of a breakdown beneath 59K, the lower support box emerges as the primary area for potential re-accumulation. This zone, highlighted by previous consolidations, may offer a strategic entry point for traders looking to buy the dip, anticipating a resurgence in buying pressure post-halving. Investors and traders should be prepared for this potential scenario by considering the 59K level as an initial barrier for defense and the lower box as a second line of support. A successful retest of these areas could well be the precursor to the next leg up, as past halving events have often preceded significant upward trends. Maintaining vigilance around these key levels is crucial as the halving approaches. It's advisable to have a clear risk management strategy, with well-defined entries and exits, to take advantage of the opportunities that the retest of 59K and the lower support box might present in this dynamic landscape.
BYBIT:BTCUSD.P
by Oak_the_trader
1
ALGO's wave 5 could gain some significant ground here soon!ALGO has been doing very well the past month or so, and is looking to do even better here shortly. The current wave 5 is generally the most explosive, and largest gaining. Although, the price action looks like it could potentially drop closer to the lower trend line (white line). This line has held very well so far since this uptrend started, and the wave pattern will continue to stand as long as the price action doesn't drop below the wave one high. If the wave 5 plays out properly we could easily see ALGO run into the mid .40's. Good luck, and always use a stop-loss!
BINANCE:ALGOUSDLong
by MetaShackle