TOTAL3 - Total Altcoin marketcap | Headed in the right direction
Altcoin marketcap is currently trading inside the channel and it's been inside the channel since 2024 with market cap reaching the peak in first quarter of 2024
Currently the marketcap is around the resistance line and expected to break out from the resistance zone.
we can expect a clear bullish confirmation after the price breaks the $750B barrier.
By the end of 2024 i'm expecting the altcoin marketcap to reach 1T
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
Altcoin
BTC - 4H bullish signsBINANCE:BTCUSDT is currently approaching a crucial support zone around $60,000. This level has historically provided significant support, suggesting a potential rebound. In the daily timeframe, BTC is near the bottom of its trading range, indicating a possible shift in market sentiment.
Technically, BITSTAMP:BTCUSD has completed two legs of correction, which often precedes a substantial bullish rise. If Bitcoin holds this support zone, it could spark a significant upward movement.
WATCH OUT: Ship SINKS for KUJI (-80%)KUJIUSDT has lost 80% in two weeks, losing exponentially more than the rest of the altcoin market. It continues to make lower lows and the price is now in price-discovery mode... but to the low side.
However, if you are interested in buying KUJI (for your own personal reasons) at this low price- I'm going to show you a strategy on how to find price levels to set your buying orders on.
If you're getting negative values on your Bbands, try switching up the timeframe. It is NOT because the Bollinger bands are broken, but because the price is trading lower than it's opening price and is already in the decimals. Strong selling volume will push the Bbands to expand wide. This indicated the price will likely fall even lower.
Take extreme caution!
___________________________
MEXC:KUJIUSDT
(BTC) bitcoinThis is what my latest custom indicator looks like on the bitcoin chart. Not great but there's always room for potential hope. I find hope comes mind a lot with trading mostly because I don't have the money to move markets. Luckily, no one really has the money to move the Bitcoin market, and surely the Ethereum market too. Best two investments in crypto; ETH and BTC. The lines are moving against the trajectory of hope right now. Bitcoin and Ethereum are under the 100 day moving average. Most trending moving average lines are above crypto by now. When I see the bitcoin chart on its own the trend seems doomed. Most of the altcoin patterns have already lost their way to a repeatable price bottom based on before the run up prices in the last few months. Could this mean the chance of Bitcoin falling is less likely due to the knowledge that most altcoins are not in anyway trapped which could lead to the altcoin season,.
Avalanche ( AVAX ) to 104?19-21 range is very crucial support zone in a weekly timeframe, if it ever to hit 19 I would consider long position either futures or spot. As you can see 92-104 range is gonna be our first take profit point which is fibonacci 0.618 level and we all know how important that is. If BINANCE:AVAXUSDT ever close a candle above 105 in a weekly timeframe is gonna be huge confirmation to continuously go up maybe even break all time high, so time will tell.
BTCDOM at the threshold of a strong impulseA very interesting situation is now observed on such a ticker as BINANCE:BTCDOMUSDT.P - bitcoin dominance index released by Binance. It differs from CRYPTOCAP:BTC.D in that it shows bitcoin dominance to the top 20 altcoins.
On the weekly chart of BINANCE:BTCDOMUSDT.P there is a very old AMEXP model from June 5, 2023, which essentially describes the entire current uptrend on this index. So within this model there was a target value of 100% level (2625.1), which has been a resistance for 112 days and during this time there were 4 attempts to test it.
In case we see a breakout, there may well be a very strong impulse, which will be accompanied by great volatility in the market.
What two scenarios could work at this point?
1️⃣ Index growth will be due to the fact that the top 20 altcoins will stand still/fall on the background of INDEX:BTCUSD growth.
2️⃣ Index growth will be due to the fact that the top-20 altcoins will fall faster than INDEX:BTCUSD will fall.
KENDU on ETH Support and ResistanceThis is the follow up from my recent post about KENDU on ethereum.
Resistance 1 : 0.0001
Resistance 2 : 0.00015
Resistance 3 : 0.0002 - ATH (+-0 0,00027)
---------------------------
Support 1 : 0.00006 - 0.0005
Support 2 : 0.000025 - 0.00002
Support 3 : 0.00001
For time being.. i keep an eye how the price action react when approaching the downtrend (yellow line) and the trendline since march 2024 (white line).
GL !
AIRDAO on the comeback trail?This S coin has undergone a rebrand it seems , a main-net release?
I don't know, I rarely dive into the fundamentals of a project... whilst a narrative is nice
and sector rotation is a thing
the age of the ALT coin and any the state of the community / marketing are generally the most important.
Which is all told in the price action of the charts anyway! :)
Supply/demand ---> support/resistance ---> accumulation/distribution
anyway as this chart shows there may be life in this old dog of a S coin.
And it is currently in a low risk (USD) entry zone.
(Don't forget to keep a Moonbag in these S coins as you take profits ... as you never know if it will be blessed this cycle with extreme out performance)
Jupiter - Bulls dominating!Jupiter broke the downtrend line initiated on April 1, making a bullish divergence in the RSI on the daily time frame and piercing the MAs with some bullish strength.
Jupiter has immense potential, and I believe in US$ 1.30 in the short term, and US$ 1.80+ in the medium term, I will update the analysis over time.
JTO : Take CAUTION - RSI Topout LikelyBINANCE:JTOUSDT
The RSI reacts different on every chart, which is often the case with technical indicators. This is also why we advise to find one or two, and learn how they respond on your favorite charts. If you swop around between technical indicators too frequently, you will miss key insights such as these.
The charts says bullish for three main reasons :
👉 Bottom out pattern
👉 Higher lows
👉 Hot RSI
Two playouts likely for JTO, but for NEAR / LONG term I will label it as BULLISH. Personally using leverage here is too risky for my taste but then again, I favor a modest and low-risk approach.
__________________________
Technical Analysis of Harmony (ONE/USDT)Technical Analysis of Harmony (ONE/USDT)
The chart shows the 4-hour timeframe for Harmony (ONE/USDT) with various technical patterns and indicators highlighted:
Head and Shoulders Pattern:
A clear Inverse Head and Shoulders pattern is identified, with the left shoulder, head, and right shoulder marked.
This pattern generally indicates a potential reversal from a downtrend to an uptrend.
Triangle Pattern:
A descending triangle is noted before the formation of the right shoulder, indicating consolidation before a potential breakout.
Resistance and Support Levels:
Multiple resistance zones are highlighted in orange.
Key support levels are noted, particularly around 0.012 USDT.
Volume:
Volume patterns should be watched closely, especially during breakout attempts.
Indicators:
VMC Cipher B: Shows divergences and potential momentum shifts.
RSI (Relative Strength Index): Currently around 50.97, suggesting neither overbought nor oversold conditions.
Stochastic Oscillator: Showing values of 57.69 and 64.49, indicating moderate momentum.
Trading Plan
Intraday Trading
Entry: Look for a break above the neckline of the Inverse Head and Shoulders pattern around 0.0148 USDT.
Target: First target is the immediate resistance level around 0.0160 USDT, followed by the next resistance at 0.0180 USDT.
Stop-Loss: Place a stop-loss just below the right shoulder, around 0.0130 USDT.
Indicators to Watch: Monitor the RSI and Stochastic for overbought conditions, and the volume for confirmation of the breakout.
Scalping
Entry: Enter on short-term momentum shifts indicated by the Stochastic oscillator crossing above 60.
Target: Small targets around 0.001 - 0.002 USDT above the entry point.
Stop-Loss: Tight stop-loss around 0.0005 USDT below the entry to manage risk.
Indicators to Watch: Stochastic oscillator and VMC Cipher B for quick momentum changes.
Swing Trading
Entry: After confirmation of the breakout above the neckline of the Inverse Head and Shoulders pattern and retesting of support.
Target: First target at 0.0220 USDT as per the extended arrow, with a long-term target at 0.0240 USDT.
Stop-Loss: Below the right shoulder, around 0.0130 USDT.
Indicators to Watch: Look for sustained RSI above 50 and increasing volume to confirm the trend.
Advice for Long Position
The chart suggests a potential bullish reversal indicated by the Inverse Head and Shoulders pattern.
A breakout above the neckline around 0.0148 USDT would be a strong confirmation for a long position.
Monitor key resistance levels at 0.0160, 0.0180, and 0.0220 USDT.
Ensure risk management with appropriate stop-loss levels and keep an eye on volume and momentum indicators for confirmation.
Given the current market conditions, entering a long position upon the breakout with close monitoring of resistance levels can be considered a viable strategy.
Ethereum Is Poised For More GainsEthereum with ticker ETHUSD is nicely waking up after recent higher degree A-B-C correction in wave (4) that can be bottoming at 2700-2850 area as price recovered sharply in the last two weeks that can be first wave 1 of a higher degree wave (5). Notice that there was also a broken channel resistance and five waves up from the lows up to 3565, followed by a sharp drop which can belong to wave 2 correction. So, more gains can be seen now after a Trump's speech at Bitcoin conference in Nashville. There were a lot of positive comments from Trump that can send the price at least up to 3800 area, but we believe it can be trading in wave 3, especially if ETH breaks above channel resistance line near 3800 level. At this stage, alternatively just be aware of more complex wave 2 that can retest 3000 support level.
SOLUSDT : BULLISH W-Bottom PatternThe daily timeframe for Solana has revealed a key pattern - the W Bottom pattern.
If this pattern plays out, a healthy correction of around 16% is likely before another impulse wave(s) up.
It's important to note that according to this pattern, for the immediate/short term we will likely go lower to retest the key support zone, which is the W Neckline. But for the near/long term, this is a bullish pattern.
The one condition for this pattern, is that the daily candle cannot CLOSE underneath the support zone / neckline of the W .
Don't miss yesterday's update on why ALTSEASON 2.0 is upon us:
____________________________
COINBASE:SOLUSD
I am entering Long-term Long position on Polkadot!BINANCE:DOTUSDT all time high in early March which is huge sign to go up. As you can see there was a crucial resistance channel holding BINANCE:DOTUSDT since last June. Now BINANCE:DOTUSDT consolidating above it and checked weekly crucial support zone once. I suggest you to look at my last idea on BINANCE:DOTUSDT and where to take profits.
This is lovely to see As I mentioned earlier BINANCE:ADAUSDT showed a great impulse and is waiting for an opportunity to enter a long-term Long position either Spot or Futures. I think the time has come and the signs are obvious.
1. Break of Structure ( made higher high ) in a daily timeframe
2. MACD divergence.
3. Volume is decent and looking good.
4. In early March made a higher high in a weekly timeframe ( BOS )
If you don't know where to take profits I suggest you look up my last idea on BINANCE:ADAUSDT