POLY-MATIC Swing Long Idea - Altcoin SeasonMATIC/POLY is one of the leading Ethereum Layer 2 chains. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential.
Technical Analysis:
The price ran the 2022 low and the 2021 March low, generating strong bullish momentum. The run on the 2021 March low is particularly significant because that low initiated the 2021 bull cycle for this coin. I believe this level represents the maximum pain point for MATIC, and most paper hands have likely exited after this level was swept.
Following this move, we observed strong bullish momentum, and a few days later, the weekly structure shifted to bullish, creating a weekly demand zone, which I have marked on the chart. Recently, the bearish trendline responsible for the downward trend since Spring 2024 was broken, and we also have a daily demand zone just below the trendline.
I believe the price may retrace to the daily and weekly demand zones, possibly retesting or deviating slightly from the trendline before taking off. This area also aligns with the Fibonacci equilibrium (discount) zone, which adds further confluence for a reaction from there.
I will look for LTF confirmations before initiating the setup.
SL: $0.27 (daily close below)
TP1: $0.78 (2x from the entry)
I plan to carry this position until the end of the 2025 altcoin bull cycle and will not take profits from this trade. However, I strongly recommend taking some profits while the price rises. My risk management strategy is unique and may differ from yours.
Altcoin
Optimisim Swing Long Idea - OP COIN LONGPrice has run the monthly liquidity, creating upward momentum and breaking the weekly bearish trend. Recently, we broke the bearish trendline that had been driving the bearish movement since Spring 2024. The price closed above the trendline, retested it, and then rejected strongly.
Currently, the price is moving impulsively upward as ETH gains bullish momentum.
I’ll be looking to open long positions within the weekly demand zone marked on the chart. I don’t expect another retest of the trendline, as we’ve already retested it and seen a solid rejection.
I’ll seek LTF confirmations before engaging with the price.
Stop-loss: Daily close below $1.27
Target 1: $3.04
Target 2: $4.05
ETH BREAKOUT??Simple chart with key levels shown. After the Trump victory price has broken out from the downtrend of 7 months. So far the breakout has been capped at the major resistance level of $2850. It's a clearly important S/R level with clear TPs on the way back up to local high.
Entry is a tricky one, the macro is clearly bullish with the election news + interest rate cuts happening globally. A safer entry would be a flip of the resistance @ $2850.
A second entry would be the green box and still broken out of the downtrend. That would make the entry closer to being wrong and therefor better R:R but for me less probable as $2850 is still major resistance.
Invalidation is under the green area around $2700 and falling back under the downtrend, approx -6.5% under the possible entry once the S/R is flipped.
Sui Network Surpasses $1.5 Billion TVL Amid Validator Recovery The Sui blockchain is hitting major milestones despite a brief setback. Following a two-hour downtime caused by a bug in its transaction scheduling logic, the network is back online and thriving, thanks to swift action by its validator community. This recovery reflects the resilience of the Sui ecosystem, which has been on an extraordinary growth trajectory.
Fundamental Highlights
1. Total Value Locked (TVL) Milestone
Sui’s TVL has surged past $1.5 billion, a staggering achievement that underscores the network’s rapidly growing adoption. This is a sharp climb from recent thresholds of $1.1B, $1.2B, $1.3B, and $1.4B, showing the ecosystem’s remarkable momentum.
2. On-Chain Volume Record
Over the past 7 days, Sui recorded more than $2.5 billion in on-chain volume, further demonstrating the ecosystem’s robust activity and the confidence of its user base.
3. Ecosystem Expansion
The launch of SuiPad, a token creation and launchpad platform, has been instrumental in driving engagement. It enables both novice and experienced traders to create and launch tokens, adding significant value to the Sui ecosystem.
Technical Analysis
At the time of writing, CRYPTOCAP:SUI is trading 3% higher and forming a bullish pattern after completing a falling wedge breakout—a classic reversal setup.
The Relative Strength Index (RSI) is currently at 72, indicating strong momentum for further upside. CRYPTOCAP:SUI is poised to test the $5 pivot, with potential to rally towards $10 in the medium term if momentum continues. Furthermore, CRYPTOCAP:SUI is trading comfortably above crucial MAs, reinforcing its bullish sentiment.
🌟 Why This Matters
The swift recovery from downtime and its consistent growth in TVL and on-chain volume solidify Sui’s position as a leader in the blockchain landscape. Its innovative tools, such as SuiPad, are fostering both community and developer engagement, making it a hub for altcoins and Layer 2 projects.
Investors and traders should keep a close eye on CRYPTOCAP:SUI as it continues to make waves in the crypto market. The combination of robust fundamentals and strong technical indicators points to a promising future for this rising blockchain.
ALT Season incoming $BCH $EOS $LTC $BCH $XRPIn the last month i saw a lot of volume in the very old Altcoins that everybody forgot incoming, like EOS, IOTA, DGB, LTC and a good Alt Season indicator is the BCH Pump. So here we go in the weekly view we wait for a breakout with volumen and with no retest ideal, but in sum good altcoin times are coming soon.
GL & HF
$BTC parabolic move will continue!Two years ago, we confirmed the #Bitcoin bottom in November 2022!
There was a 528.58% increase from the December 2018 bottom to November 2020.
There was a 529.81% increase from the November 2022 bottom to November 2024 and it is still continuing.
Therefore, we witnessed a mega bull process for #btc and #altcoins with a closing and retest in December 2020 above the 2017 local peak.
Today, a one-month closing and retest has been completed as of November 2024, above 69k, which is the local peak of November 2021.
An exciting process begins for #Alts and #BTC
ETH - The Trade of The Year!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As ETH retests the $2,800 structure zone marked in blue, I will be looking for trend-following longs.
🎯Once the trade is activated, I will be targeting the $3,500 round number, providing us with a good RRR trade.
For now, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ATOM | ALTCOINS | +77% | What does the future hold for COSMOS?I've been following Cosmos for many months, and it's recently seen a very decent increase of +77%. Unfortunately I didn't get all of it, but ATOM has increased moderately since I bought in a few weeks ago.
However - comparing it to DOGE particularly, it pales in comparison. Again, like with LTC, we need to start reclaiming previous resistance zones in order to be sure that this coin has a future. Ultimately - we are in crypto for the increases😉 And many altcoins have fallen behind over the last year. Although they can (and are) still being traded, the increases are nowhere near that of other alts.
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BINANCE:ATOMUSDT
Litecoin's historical pattern & Fib logA few weeks back I made a chart on Litecoin named "Litecoin and it's historical patterns" linked in this chart down bellow. This is literally the same exact chart but I've added the "LTC Log Curves based on Fibonacci math sequence. Look at how good it's fit on the original analysis!
On the bottom I have the "Litecoin Wizard" I'm not entirely sure what this is based on but I do believe it's on chain information. I have added to this indicator a support level (buy area) and a Litecoin hyper level that is above the yellow line and heavy profit taking area. As we can see it's not there very long, so when it is take advantage of it.
Back the log curves, assuming LTC stays within a this growth channel and doesn't break below the green area, we can reasonably say that eventually LTC will hit the top of this curve (red area) again one day in the future. That area if hit sits at a possible 2500 LTC in 2025 to 2026. You have to keep in mind that it might never hit the top of the channel ever again, there is no guarantee of it.
By combining both of these indicators one could find a very good sell area and take profits in the future and then re apply it to rebuy again after that.
This is not a prediction or a buy recommendation by no means. It's a simple observation using specifically designed indicators.
Thanks for looking & leave a comment on what you see down below
WeAreSat0shi
Stay Blessed!
ARB Swing Long Idea - Arbitrum Analysis ARB is the leading Ethereum Layer 2 chain. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I would recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential.
Technical Analysis: The price took out the 2023 low and created new lows in 2024. It now appears to be building weekly bullish momentum by forming a weekly demand zone.
The daily structure also looks bullish. We recently broke and closed above the bearish trendline. I expect the price to retrace into the weekly demand zone, potentially retest the trendline, and then take off toward the first and second targets.
SL: 0.41
TP1: 0.83
TP2: 1.27
DYM - A Whole Different Dimension...Dear TradingView community and fellow traders,
I am Richard, also known as theSignalyst.
I find the DYM daily chart to be intriguing as it appears to be following the famous Wyckoff Cycle.
I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example.
1️⃣ MarkDown
After being listed, DYM was bearish making lower highs and lower lows.
2️⃣ Accumulation
DYM is currently trading within a big range between $1 and $2.4 in the shape of symmetrical triangle.
3️⃣ MarkUp
For the MarkUp phase to start, a break above the upper bound of the range at $2.4 is needed.
I hope you find this post useful, and I would appreciate your likes and support.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard
ADA: Planting Seeds of Opportunity Hello Team,
Cryptocurrencies have been in a sustained bear market. Altcoins such as ADA are down almost 92%.
Looking at ADA (Cardano) you can see we are forming a falling bullish wedge indicating a possible break out in the horizon.
For long-term investors that believe in the future of cryptocurrencies now would be a good time to start planting some small seeds as most cryptocurrencies are down a significant amount.
Potential Bullish Channel on Moodeng - $1 Incoming?Today, we are examining a potential bullish channel for Moodeng. Please note that this channel hasn't fully formed yet, so it remains speculative. However, I believe we could see a strong bullish reaction from this lower channel area. The market appears primed for another upward move. Stay profitable. - Dalin Anderson
70% Pump On The Horizon (:Massive Upside Potential.
Lows of the range has been swept. Next challenge is to break the trendline and continue upwards.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
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This is not financial advice. This is for educational purposes only.
18/11/24 Weekly outlookLast weeks high: $93,269.62
Last weeks low: $86,738.62
Midpoint: $80,207.62
The "Trump pump" continued last week as BTC hit a massive $93k, another new ATH. Later in the week some of that progress did retrace mainly due to news events such as CPR & PPI data as well as profit taking/ de-risking.
This week should be an interesting one as we see an early surge after weekly close putting BTC back at $92,000. As president-elect Trump announces his picks for roles in his new administration, the rumour is that Howard Lutnick may become Treasury secretary after backing from Elon Musk and RFK Jr, Lutnick would be a very pro crypto choice which has great potential for the space, with a new SEC chairman after the firing of Gary Gensler and the potential Bitcoin strategic reserve. Things are looking bullish bullish bullish!
With BTC.D now at 60%, this would indicate although BTC hit new ATH altcoins are outpacing the market leader in growth. Memes are taking centre stage this Bullrun even though historically that stage of the cycle tends to be towards the end. Every other metric suggests this Bullrun is far from over so it's definitely something to take into consideration.
This week I would like to see some breakout continuation patterns on fundamentally strong altcoins, as well as bitcoin, I do believe it is dips are for buying season going into the end of the year. A dip could be triggered by a loss of the diagonal support & 0.75 line shown on the chart which would provide a better entry/DCA opportunity after a leverage flush.