HOT
FIL - Storage Coins Leading The Day!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
For those who know me well, know that I have been a big fan of Storage coins like FIL, STORJ, AR and many more...
After the big increase in FIL this week, Storage coins are getting the attention of many investors.
Coins related to Metaverse, Defi and many categories had their time. Will storage coins be the next movers?
Let's get back to our price action analysis ;)
on H4: Right Chart
the bulls took over after rejecting the 5.0 round number and breaking above the gray range.
now what?
on DAILY: Left Chart
FIL is trading inside our red channel, so yes we are still bearish from a long-term perspective.
For the bulls to take over from a longterm perspective, we need a break above the last major low and 20.0 round number.
but first we want a break above the upper red trendline to invalidate it and then be able to test the 20.0
Meanwhile, the bears can still kick in to form a new major swing high around the upper trendline.
in this case, the new swing high will be considered our trigger swing, and the bulls need to break above it for them to take over from a long-term perspective.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USD/CAD Market Analysis for the week of 7/17/2022 - 7/22/2022Market Analysis based on 4H Timeframe.
Coming into this week I plan on looking for Buy trades, as I believe the market will shoot to the upside at or near one of the reversal points I have placed on the chart. ( Gold Lines) If the pair does happen to fall into the neutral area, (White Triangle), then I will be waiting for either a break back upward into the Reversal Area, ( Gold Triangle), or a break and retest of the Fall Out Area (Red Rectangle ).
If BUY is true - I'm expecting the area of the previous high to play as a TP Zone (Represented by the Upper Green Rectangle )
If SELL is true - I'm expecting price to fall about 100 pips toward our TP Zone (Represented by the Lower Green Rectangle )
All mark ups have been found using certain, back tested, tools and indicators that are a part of my overall strategy.
THESE ARE MY IDEAS ONLY AND IN NO WAY A TRADE SUGGESTION!!
Just something to keep in mind.
HAPPY TRADING
TIME FOR HOT BREAKOUT? Signal shows possiblityIf we check Hot, then there is a possibility that it can get a new breakout.
This all-around the Techincal analysis
There is no guarantee in any market that a breakout will happen - make only study depending on your choice.
This is not a long-term expectation, but more take profit trade.
HOT - Scalp short with potential to add volume⚓️Reasons to take short
⭐️ BTC rose a lot
⭐️ Trendline is clear
⭐️ There is awesome trendline below
⭐️ Many touches
⭐️ Volume at top
⭐️ 70 ATR
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Trading opportunity for HOTUSDT HoloBased on technical factors there is a long position in :
📊 HOTUSDT Holo
🔵 Long Now 0.002538
🧯 Stop loss 0.002450
🏹 Target 1 0.002735
🏹 Target 2 0.003010
🏹 Target 3 0.003585
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Reef is about to explode!Double top! Reef has retested this situation in the past and it is now about to break an important trend line!
Watch for 0.0092 as a resistance!!!
HOT ready to fly#HOT/USDT
$HOT broke out from long term descending resistance and dropped to ascending support.
🐮 holding this support can increase price to resistance between $0.0054 and $0.0062.
if price continue its rally to break out from resistance of $0.0076 it can reach $0.01 to complete the inverted head and shoulders.
🐻 break down from ascending support will drop price to $0.004 and even $0.003.
💡Don't miss the great buy opportunity in HOTUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.004835).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. HOTUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.005328
TP2= @ 0.005794
TP3= @ 0.006197
TP4= @ 0.006633
TP5= @ 0.007166
SL= Break below S2
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💡Don't miss the great buy opportunity in HOTUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.004835).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. HOTUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.005328
TP2= @ 0.005794
TP3= @ 0.006197
TP4= @ 0.006633
TP5= @ 0.007166
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BTC battleBitcoin is going to be battling some intense scrutiny, legislation, FUD, and general nonsense for a while.
As you can see, 3 simple predictions -- based on previous trend, EMA, Fib Retracement, and Ext Fib Trend, and a well placed Pitchfan to account for variability -- that leave you with an optimistic, realistic, and pessimistic prediction.
I don't count myself as an expert or anything more than a meat-popsicle. I do appreciate any support and discourse in the comments! Please do!
Not advice. Never advice.
Smoke up, meaty-men.
Daily chart.