This is my idea for each asset based on the chart analysis. Please review and improve these ideas to suit your risk management and trading style.
1. Bitcoin (BTC/USDT)
Timeframe: 30-minute chart
Analysis:
Support Zone: Strong bounce observed around $102,000. Likely a major demand zone.
Resistance Zone: Testing resistance near $105,000-$106,000.
Indicators:
RSI: Showing recovery, but near overbought territory. Look for divergence for confirmation.
EMA: Price trending above short-term EMAs, signaling bullish momentum.
Outlook: Breakout above $106,000 could signal a strong bullish rally; failure may trigger a retest of $102,000.
2. Ethereum (ETH/USDT)
Timeframe: 30-minute chart
Analysis:
Price Action: Triangle formation with price tightening near $3,300.
Resistance Zone: $3,350 area with repeated rejections.
Support Zone: $3,100 has held multiple times.
Indicators:
BOS (Break of Structure): Bearish; the recent pullbacks suggest potential short setups.
Volume: Declining on lower levels, suggesting weak buyer pressure.
Outlook: Watch for a breakout above $3,350 or a breakdown below $3,100 for directional clarity.
3. Solana (SOL/USDT)
Timeframe: 30-minute chart
Analysis:
Trend: Descending triangle observed, with lower highs consistently.
Resistance Zone: $260-$270 area; repeated failure to breach.
Support Zone: $240; strong demand observed here.
Indicators:
RSI: Neutral, with no clear divergence.
MACD: Bearish crossover hints at potential downside pressure.
Outlook: Breakdown below $240 could signal a bearish continuation to $220. Bulls need a decisive close above $270.
4. Avalanche (AVAX/USDT)
Timeframe: 4-hour chart
Analysis:
Resistance Zone: $48-$50; multiple failed attempts to breach.
Support Zone: $36-$38, tested and held successfully.
Indicators:
CHoCH (Change of Character): Bullish signs appearing near support.
EMA: Price stuck between EMAs; watch for a breakout or breakdown confirmation.
Outlook: A bounce from $36 support could target $44. Otherwise, a drop below $36 might push toward $32.
5. 1000Blocks (1000BLOCKS/USDT)
Timeframe: 4-hour chart
Analysis:
Fakeout: Recent rejection of key levels, signaling weak bullish attempts.
Resistance Zone: $0.042 area, critical to watch.
Support Zone: $0.035 holding well for now.
Indicators:
RSI: Divergence indicates potential reversal.
Volume: Lower during the rally, signaling lack of conviction.
Outlook: A sustained breakout above $0.042 is needed for continuation; otherwise, risk of returning to $0.030 remains.
6. Polkadot (DOT/USDT)
Timeframe: 4-hour chart
Analysis:
Resistance Zone: $7.50-$8, previously rejected.
Support Zone: $5.75-$6; multiple bounces suggest strong demand here.
Indicators:
CHoCH: Repeated bullish reversals at support zones.
EMA: Price testing resistance at EMA levels.
Outlook: Consolidation likely. Bulls need to reclaim $7.50 for continuation, while bears target $5.75.
7. Axie Infinity (AXS/USDT)
Timeframe: 4-hour chart
Analysis:
Support Zone: $5.50; held firm on multiple occasions.
Resistance Zone: $6.50-$7; consistent rejections.
Indicators:
Volume: Declining as price approaches resistance.
MACD: Neutral, awaiting momentum clarity.
Outlook: Breakout above $7 could lead to a rally toward $8. Failure may bring price back to test $5.50 support.
8. Filecoin (FIL/USDT)
Timeframe: 4-hour chart
Analysis:
Support Zone: $5; currently showing accumulation signs.
Resistance Zone: $6.50-$7; price struggling to break higher.
Indicators:
CHoCH: Repeated bullish signals near support.
RSI: Near oversold, potential reversal.
Outlook: Likely to test $7 resistance again; breakdown below $5 could indicate further weakness.
This is my idea for each asset based on the chart analysis. Please review and improve these ideas to suit your risk management and trading style.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.