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ATOM - Ideal BUY BACK Zone ApproachingThe greatest thing about bullish impulses / parabolic upwards price action, is when you know you can ride the tide because you ALREADY have a position. However, this means having the courage to buy when the prices are low and there is no immediate sign of a turnaround to the upside. I'll say again; profits are made in bullish markets but secured during bearish markets. This will, of course, largely depend on the direction of BTC over the next few weeks. So don't miss that important update HERE: ___________________________________ BINANCE:ATOMUSDT
by CryptoCheck-
1
DOGS: Rolled over, ready for a new trick or?...If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Dogs followed the path to the down side. Here is the updated 1-hour chart for DOGS/USDT which provides additional clarity on the downward trend and potential reversal points: Descending Trendline and Resistance Points: The descending trendline marked in yellow has been tested multiple times (indicated by red circles), reinforcing its significance as a resistance level. The price is struggling to break above this trendline, which has kept the downward pressure intact. Support and Resistance Levels: Resistance at $0.0012091: This level remains a key barrier for upward movement. It has played as support in the past. The break below can lead to this level becoming resistance now. It is the key level bulls need to regain. The zone at $0.0011282 is currently playing as resistance and is a critical levels to watch; a rejection could signal a deeper decline. This is the first level the bulls have to regain. Bullish Scenario: If the price manages to break above the descending trendline and sustain above $0.0011565, and flip the current resistance into support, it could lead to a bullish reversal Bearish Scenario: A failure to break above the trendline and resistance, could lead to further declines, validating the bearish momentum. Conclusion: The price is in a critical phase, with the descending trendline acting as a strong resistance. A break above this line could signal a bullish reversal, while continued rejection and an inability to regain the resistance levels would likely result in further bearish movement. The overall sentiment remains cautiously bearish unless a significant breakout above the trendline occurs. Trade Safe! Trade Clarity!
Long
by CryptoKnee
POPCAT - The CAT that just keeps on GIVING!!Let’s revisit $POPCAT, which has delivered excellent returns and continues to show promising price action. First Setup: I’m looking to enter at the monthly level and on the reclaim of the red line (pivot area). If the market maintains enough strength, this level should hold. Second Setup: This comes into play if the market remains indecisive and needs to retest lower to validate the recent up move. I plan to re-enter at the mid-level, which aligns with a significant macro pivot area on the chart. I prefer the second setup as it carries less risk and offers a cleaner entry, but the first setup remains a backup if the market shows strength and starts making new upward waves from here. Place your bets and let the market dictate the moves. $Bitcoin needs to behave above 60k :)
Long
by ZelfTrade
TOTAL2 - Altcoin marketcap is reversing#TOTAL2 #Analysis Description --------------------------------------------------------------- The altcoin market cap experienced a significant drop from $1.2 trillion to $845 billion, and the current chart indicates that it is hovering around the support zone. This drop was anticipated following a substantial increase from $500 billion to $1.2 trillion, representing a more than 100% surge in the overall altcoin market cap. It is expected that the overall altcoin market cap will rebound from this support zone, with the next target being $1.7 trillion. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTOCAP:TOTAL2Long
by VectorAlgo
3
Dogs: Sit-up or roll over?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! The DOGS/USDT 1-hour chart indicates a potential Elliott Wave structure, with a completed 5-wave uptrend followed by an ABC correction, suggesting the market could be setting up for a new upward move if key levels hold. However, the move from the proposed end of the C wave is not forming an ideal motive wave. Key Levels: Support: The significant support zone around 0.0012091 could serve as a foundation for a potential bounce, with 0.0012879 currently acting as support. Resistance: Resistance is noted at 0.0013205 and 0.0013788. As the price approaches these levels, it may encounter selling pressure. For a sustained bullish trend, these levels need to be broken and flipped into support. Technical Indicators: A descending trendline from the peak of wave 5 underscores the bearish trend. The price is testing a break above this trendline, which could signal a trend reversal if it holds. A Fibonacci retracement at the 0.618 level would add validity to the bullish scenario with a break of it excluding the potential for algorithmic participation. Scenarios: Bullish: If the price can break above the descending trendline and maintain above the 0.0012091 support, it could target higher resistance levels. Successfully breaking and converting these into support would suggest a continuation of the bullish trend. Bearish: Failure to hold above the 0.0012091 support level may lead to further declines, reinforcing the bearish trend. Conclusion: DOGS/USDT is at a pivotal juncture. Holding above the descending trendline supports a bullish outlook, while failure to maintain support levels could signal more downside. Monitoring price action around these key levels will be crucial for determining the next move. Trade Safe! Trade Clarity!
Long
by CryptoKnee
VELO - The Last Coin Standing (Structure)I'm buying as close to the previous low as possible. The structure of this one remains intact, and it has finally moved above the 50MA. Few assets have achieved this since the altcoin sell-off, and many are still struggling to even touch the MA. This one stands out with a superior market structure. I don’t anticipate significant moves yet, as CRYPTOCAP:BTC is still having difficulty holding above key levels. I expect some sideways action for the next few weeks, with liquidity potentially picking up around mid to late September. The pivotal area is the take profit level. However, if it surpasses this level in the near future, it would signal a clear buy. For now, let’s brace for some choppy conditions as we approach the final stages of this sideways movement
Long
by ZelfTrade
1
Good time to buy and HODL!Arweave (AR) is one of my recent coins which I choose to invest in. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 2,3. Small portion will be sold on Target 1 and on Target 4 and 5. Entry Zone: 9.07 – 11.07 Buy Zone 1: 6.06 – 7.36 Target 1: 26.03 – 28.75 (135%) Target 2: 38.39 – 42.25 (247%) Target 3: 56.98 – 60.36 (432%) Target 4: 75.92 – 78.98 (609%) Target 5: 93.40 – 99.77 (774%)
Long
by Abmoon
16
Altcoin Season Approaching? BTC Dominance Signals Major Shift!Yesterday, Bitcoin Dominance (BTCD) tested the 50% Fibonacci resistance level at 2,848, resulting in a significant daily bounce off this key level. Today, BTCD is attempting to break higher. However, if the daily close remains below this resistance, we anticipate a sharp decline. In this scenario, Bitcoin Dominance could experience a substantial pullback, potentially targeting the 50% Fibonacci support area near 2,600. This support level not only aligns with Fibonacci analysis but also corresponds to a previous resistance zone, indicating strong market activity at this point. If this bearish scenario unfolds, it may signal the onset of a robust Altcoin Season. Traders should prepare for the opportunities that may arise during this period!
Short
by CryptoPAMM
Could #ALT have found a local bottom?#Alt 1D chart; It still hasn't regained the 50EMA line it lost in April. Although it tried to turn bullish on the signal of non-compliance, it failed due to market conditions. Could it have found a local bottom? There is a 24% difference between the last bottom and the current level. Although this is related to how bad the market could get in a bad scenario, the $0.665 level could be a good place to buy gradually. Note the resistance levels indicated by orange arrows.
by ugurtash
UMA - Three D(r)ives Down PATTERNUMA is approaching an ideal buy-back zone whilst forming an important chart pattern - the Three Dives Down Pattern. This pattern goes by many names including Three Drivers, Three Drives Down and Three Dives Down (which is the one I prefer to use). This pattern is bearish for the SHORT term, but bullish for the NEAR and LONGER term. It's important to note that this analysis is from a macro timeframe, with the aim on identifying the key buy-back or re-accumulation zone. From the daily and lower timeframes, the price could easily increase by large amounts however, keep in mind we're looking for an accumulation zone not for swing trades in this post. ________________________________ BINANCE:UMAUSDT
by CryptoCheck-
Popcat - Can the cat bounce?Have a good feeling about this coin. Great performance in comparison with recent memes. Will try to buy as close to 40c in anticipation of a higher low. Overall market still undecisive but there a few clear opportunities and I see Popcat as one. Already mentioned RUNE as a long term play and obviously SOLANA. Keep in mind BTC needs to hold above 54-55k or things go from neutral to extremely bearish. SL: Will manually close this one if it fails.
Long
by ZelfTrade
8
Alt coin bullish Alligator pattern wishful thinking predictionUnseasoned investor and inexperienced charter's 'wishful thinking' alt coin bullish alligator pattern price prediction with doodle. I watched an Alex Becker video and didn't notice why he kept saying alligators was his favorite animal in a joke multiple times. I didn't think anything of it at first, but later on a different day I was attempting to look at the charts and do some 'technical analysis' I googled some different chart patterns that may looked similar to the chart I was looking at. That is when I came across the alligator pattern. I started to think that was why Alex kept saying it over in that joke he made on that 1 video. Now idk if they will release m-pox and start war for mail in votes and for money, or if the economy will crash and then we will go into depression, because I still haven't learned how to research and what data to research to 100% know that answer, and I know that could also just be an okie doke from Alex Becker doing that to intentionally still throw ppl who reading between the lines as a joke, but from a few charts I looking at is pointing towards that 'banana zone' phase for alts. If you are an experienced investor, chartist, and macro understanding, then you may see something totally different and see a bearish depression ahead. If so, feel free to inform me kick some knowledge
CRYPTOCAP:TOTAL2Long
by BigDreem192
Altcoins Leading the charge while BTC plays catch-up!Is everything we’ve learned about BTC leading the way while altcoins lag behind a lie? Could altcoins be the secret service agent, sent from the future to show us the direction BTC will take? And did the moon landing really ever happen? On a more serious note, I noticed an interesting pattern when comparing the altcoin market cap to BTC’s market cap. Recently, it seems like altcoins have been leading the way, particularly when we observe how they’ve retraced to the moving average (MA) lines. On a weekly timeframe, altcoins hit the 20MA line, with BTC following suit three weeks later. Altcoins then proceeded to reach the 50MA line, and BTC followed five weeks later. Now, altcoins have hit the 200MA line and seem to be finding support there. At the same time, the BTC Dominance chart is facing significant resistance, suggesting a potential trend shift in dominance between alts and btc soon. This could align well with the observed pattern. While the next move for altcoins is uncertain, BTC may still need to drop and hit the 200MA line to continue following this trend. The $44k area is also a critical zone where multiple former trend lines converge, potentially providing strong support and an opportunity for BTC to gather the liquidity it needs to resume its path toward $100k. Take a look at some of my previous BTC analysis charts to see what i'm talking about here and why the 44k area might be a good short term target. Thanks for reading, good luck trading and make sure to follow for more! X: @PuppyNakamoto
CRYPTOCAP:TOTAL3
by WOLFofBlockStreet
2