Finding Key Structural Levels using Volume Indicator
1. Mark out support/ resistance level 2. See if high volume occurs at a level 3. If yes, buyers and sellers want to participate there This makes the level polarized with a high probability of breakouts/ reversals.
š¹ Current Price: $1784 ETH currently trades at a key support zone near $1784. A break below the ascending trend line and 0.236 Fibonacci level suggests potential bearish continuation. The chart shows two key scenarios: š» Bearish Path: If the support fails, ETH could drop towards key Fibonacci levels: 0.382 Fib @ ~$1705 0.5 Fib @ ~$1640 0.618 Fib @ ~$1580 Strong rebound zone expected near 0.75ā0.786 Fib @ $1500ā$1530 š¼ Bullish Recovery: A bounce from current or lower levels could lead to a breakout above $1800 Target: $1950+ if trend line reclaim succeeds
š Trading Strategy Tip: Wait for confirmation at Fib levels. Watch for reversal patterns (e.g., double bottom, bullish engulfing) near the 0.618 or 0.786 Fib for a long setup. #Ethereum #ETH #CryptoTrading #Binance #TechnicalAnalysis
Analysis: ALGO/USDT has been in a downtrend, as indicated by the descending trendline on the daily chart. After a sharp rally in December 2024, the price faced rejection at the trendline and has since consolidated in a support zone around $0.2268 - $0.2000. The current price at $0.2268 is testing this key support. A break below this zone could lead to further downside, while a bounce might signal a short-term recovery toward $0.3000 resistance. Trade Signal: Entry: $0.2268 (current price) Target: $0.3000 (+32%) Stop Loss: $0.2000 (-12%) Risk/Reward: 1:2.5
Current Price: $14.90 Trade Signal (Swing Setup): ā Long Entry (Buy): Above: $15.60 (Confirmation breakout level) šÆ Targets: Target 1: $16.80 Target 2: $17.50 Target 3: $18.00 š”ļø Stop-Loss: Below $14.40 (just below the recent range low) š LINK/USDT Technical Analysis ā April 30, 2025
ChainLink (LINK) is currently trading near $14.90, testing a crucial resistance zone between $15.50ā$16.30. A breakout above this zone could send LINK towards the next major resistance near $17.80ā$18.50. ā Support Zone: $13.20ā$12.50 ā Resistance Zone: $15.50ā$16.30 and $17.80ā$18.50 š Bias: Bullish above $15.30, Bearish below $13.20 š Trade Idea: If LINK sustains above $15.30 with strong volume, a long entry could be considered with targets at $16.30 and $17.80. A rejection from the resistance zone may lead to a pullback toward $13.50 support. #LINKUSDT #ChainLink #LINKChart #PricePrediction
Current Price: $2.29 Trend: Bullish momentum with strong upward structure ā Trade Signal: Long Setup Entry: On retest near $2.20ā$2.25 (ideal entry zone after minor pullback) Target 1: $2.60 Target 2: $2.75 Stop-Loss: Below $2.05 Risk-to-Reward (R:R): ~2:1+
š Caution: If XRP fails to break and close above $2.75 with volume, expect sideways consolidation or minor retracement. š Technical Overview: XRP is approaching a major resistance zone around $2.60ā$2.75, highlighted by a red supply area on the chart. This zone acted as strong resistance multiple times in the past and could trigger a pullback if not broken with volume. Higher lows forming consistently ā showing buying interest on dips. #Xrpš„š„
š“ BTC has hit a major horizontal resistance around $95,000 - $96,000 (highlighted by the red box). This was a strong previous support back in January-February 2025, now acting as resistance.
Price Reaction: š Minor rejection seen exactly at this resistance zone. Today's candle shows hesitation small body after a rally = possible slowdown. Support Levels: š¢ Immediate support now sits around $90,000 (round number psychological level and breakout retest area). If more selling pressure comes, deeper support = around $86,000 (mid-channel level). Volume & Momentum: š„ Volume during breakout was high = good sign. But latest candles show slight decrease in volume = means momentum cooling near resistance. Short-term: ā”ļø BTC is bullish above $90,000. ā”ļø But facing heavy resistance at $95Kā$96K. ā”ļø Expect either: a small pullback (towards $90Kā$92K) before trying again to break higher, or if strong buyers step in, a breakout above $96K, opening door to $100K+ targets. Mid-term Targets: šÆ If $96K breaks with strong volume, BTC could push to: $100,000 (psychological) $104,000ā$106,000 range next. Risk: ā” If BTC fails to hold $90,000 support = possible slide back towards $86,000. Strategy Suggestion If you're trading short-term: š Wait for a clear breakout above $96K with strong volume confirmation before buying. š Or wait for a pullback around $90Kā$91K to consider a safer entry. If you're holding spot long-term: š Still looking healthy after wedge breakout. Only panic below $86K.