Anikeev_Pavel

On the weekly timeframe, a double bottom has formed. After breaking and testing support, a bullish pennant has emerged, indicating a continuation of the upward trend. Growth potential towards $2. 📈🚀

Despite the market downturn, ETH's price remains above the crucial mirror support zone at $3,650, still leaving room for growth and a potential new ATH.❗️However, a likely scenario before the ETH-ETF launch is a corrective dip, allowing big players (funds) to buy at better prices.📉 Therefore, a decline to the $3,400 - $3,200 range is entirely possible. This is where the Fibonacci correction zone and the 100-200 MA on the 8-hour timeframe are located.Remember: The bearish scenario will only play out if the current support is broken.

❌ Market liquidations in the last 24 hours, CoinGlass: ~53K traders, totaling ~78M — ~80% long positions and ~20% short positions.No major changes in the market; BTC remains below 70K, and this is likely to continue today.📉 Closing the weekly candle below 70K could trigger a further drop to at least 67K. We'll be closely watching for a potential bounce back to 72K from there, as mentioned earlier.❗️No need to panic yet, nothing critical on the chart. In the worst case, we might dip below 67K to 60K within the range, but there are no indications of this happening immediately. This is my mid-term scenario after liquidity is gathered.

❌ Market liquidations in the last 24 hours, CoinGlass: ~149K traders, totaling ~$416M — ~85% long positions and ~15% short positions.Despite my expectations, sellers managed to show strength and bounce down from the resistance zone. However, this pressure towards 72K might not be over.❗️Yes, there is a bounce, but the downward movement needs confirmation. To do this, we need to break below 67K, where the Fibonacci retracement zone is located.📈Therefore, we might see another test of the resistance zone around 72K. If we fail to break through again, the next bounce will likely lead to a definite fall within the range. We saw something similar happen last March.

The price is testing the ascending trendline for the fifth time, and each time we've seen a bounce 📈Considering that some indicators show oversold conditions, I expect another upward bounce. So, I'm opening a long position 🔼Long X5-10✅ Entry: ~41.2 - 39.5 - 38.2🎯 Targets: 43 - 44 - 45.5 - 47 - 49❌ Stop: 35.7, just below the 8-hour MA200.

After testing the resistance, I expect growth above $10 in the near future. 📈

MANA is breaking out of an ascending triangle pattern. The growth potential is highlighted on the chart.

After the breakdown, I will open a long position for a small part of the deposit.

In this analysis, we will delve into the price action of the cryptocurrency Storj (STORJ) utilizing 1-hour and 5-minute time frame charts.On the 1-hour chart, we've identified several notable levels, with a specific focus on the level 0.4077. This level was chosen due to its significance, having been tested twice, making it a key point for analysis. We plan to enter a position upon a downside breakout of the 0.4070 level as it approaches. It's essential to note that the approach to this level should be gradual, and it's preferable to observe trading activity in this area before making a trading decision.A similar approach is applied on the 5-minute chart, where the mentioned levels are also visible. Analyzing on a shorter time frame provides additional clarity for more precise trade planning.

In the chart, I've highlighted a level with two touches at 212.17. Today, while reviewing the charts, I noticed that there aren't currently many compelling levels. Among the more evident ones, I've singled out this particular level. I'm looking to enter a short position if there's a breakdown below 212.18 for BCH upon approach. The approach to the level is crucial—it should ideally be gradual, and it's preferable to see some trading activity around that level before considering a trade.