Hello traders and investors!
I’ve selected four assets in the crypto market where buying opportunities can be considered. Each of these four assets has formed a range, with the seller's impulse completed and the buyer's impulse now active.
BNB: Buyer’s 10-11 impulse, potential targets: 598, 645.2
TON: Buyer’s 6-7 impulse, potential targets: 7.35, 7.72, 8.1582
AAVE: Buyer’s 11-12 impulse, potential targets: 120.08, 132.57
ADA: Buyer’s 5-6 impulse, potential targets: 0.3730, 0.4292, 0.4504
Among these, BNB appears the strongest, as two buyer's zones have formed in the 10-11 impulse. These zones were created when the buyer absorbed a seller's candle with increased volume (the buyer's zone is marked by a blue rectangle on the chart).
ADA, on the other hand, looks the weakest among the four, as it has not yet been able to close a daily candle above the high of the August 8th candle, which absorbed the seller's attack on the lower boundary of the range, forming a buyer's zone.
It's advisable to use lower timeframes when looking for buying opportunities. I have selected examples of lower timeframes for you.
I’ve selected four assets in the crypto market where buying opportunities can be considered. Each of these four assets has formed a range, with the seller's impulse completed and the buyer's impulse now active.
BNB: Buyer’s 10-11 impulse, potential targets: 598, 645.2
TON: Buyer’s 6-7 impulse, potential targets: 7.35, 7.72, 8.1582
AAVE: Buyer’s 11-12 impulse, potential targets: 120.08, 132.57
ADA: Buyer’s 5-6 impulse, potential targets: 0.3730, 0.4292, 0.4504
Among these, BNB appears the strongest, as two buyer's zones have formed in the 10-11 impulse. These zones were created when the buyer absorbed a seller's candle with increased volume (the buyer's zone is marked by a blue rectangle on the chart).
ADA, on the other hand, looks the weakest among the four, as it has not yet been able to close a daily candle above the high of the August 8th candle, which absorbed the seller's attack on the lower boundary of the range, forming a buyer's zone.
It's advisable to use lower timeframes when looking for buying opportunities. I have selected examples of lower timeframes for you.
Note
AAVE has reached its target 132.57. An example of one of the buying patterns.
Note
ADA has reached the first target of 0.3730, which is approximately an 11% increase. The daily candle closed slightly below this level. Here's how the 4-hour timeframe looks now: a bullish trend.
Note
BNB has reached the first target - 598 Note
Note
ADA has reached all targets (0.4292, 0.4504)
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.