MATIC - Clean and Clear ❗️Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
MATIC has been hovering within a big range in the shape of a flat rising channel marked in blue.
Currently, MATIC is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes.
On Daily: Right Chart
📈 For the bulls to take over, we need a momentum candle close below above the last major high highlighted in gray.
📉 Meanwhile, MATIC would be bearish short-term and can still trade lower inside the weekly support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Altcoin
Mode ivated? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow!
Got the looks of an Elliott wave impulse here.
I will be watching this chart closely to see if we can get a corrective pattern that stays internal to this suspected impulsive range. Preferable a clear ZZ or other pattern will develop and print down in to at least the discount area. Alarms set, added to watch list.
🔥 Weekend Technical Analysis Fiesta 🎉 - Name Your Crypto!Has been a long time since we've done a crypto fiesta! Time for a new one 🔥
Short-term view:
Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k
Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k would be a long-term pivot to the bears.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
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Mode(MODE)===>>🚀➕10%-➕15%🚀📊The MODE token has been listed on some exchanges for less than 24 hours.
📚 What Is Mode (MODE)?
🔸 Mode is a Modular DeFi L2, built using the OP Stack and part of the Optimism Superchain. Mode launched their mainnet in January 2024.
🔸 MODE is the native utility token that is used for governance
🌐 Mode Network Initiates 550 Million Crypto Airdrop on Optimism .
💡 MODE was able to break the Downtrend line by breakout candle .
🌊According to the theory of Elliott waves , MODE completed Zigzag(ABC) correction on 🟢 Support zone 🟢.
🔔I expect MODE to start rising again( ➕10%-➕15% ).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Mode Analyze (MODEUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
APE UTAD to $2.50Ape is approaching the top of this range again - it still hasn't quite reached the 1.618 from waves 1 + 3. As most Elliott Wave enthusiasts will tell you, you can normally find the wave 5 target by pulling fib extensions on wave 1+3. This has been the case for many of the other alts as well, as they all approach major macro wave 5 targets. Look for APE to take out the current highs into that 1.618 to form the UTAD here
EOS Weekly Re-DistributionThis is the EOS weekly chart, side by side with a re-distribution schematic. If you zoom out you'll also notice that I highlighted the 5 wave impulsive structure to the downside that we had during the bear market, and how this ABC correction took out the wave 4 highs, exactly how it's supposed to before a continuation would begin. The monthly indicators all look extremely bearish as well, on most of the altcoins actually.
I would recommend pulling your capital and saving it to buy lower prices, as I do believe that's where we are headed.
DELYSIUM (AGI)One of my favourite altcoins for a number of reasons is DELYSIUM. An AI-powered open world framework project, the first web3 operating system that has seen incredible gains in the last year, up 467% YTD.
The AI narrative is a very strong one, perhaps the most likely to succeed in this Bullrun and so choosing the right projects to back over the next 12-18 months is so important.
Since the start of the year AGI has rapidly climbed to new heights, with a previous ATH of $0.45 Delysium moved into price discovery before losing momentum and falling back under. A big reason for this is not only because the rally ran out of steam but because BTC made a similar move, and once BTC pulls back the rest of the market is usually subject to the same move, however altcoins usually hold value much worse than BTC. The chart shows price has retraced back to the origin point of the last leg of the rally, the Bullish OB+ area and reacted well off this zone. After this strong reaction price meets the trendline resistance and fails to break it after 4 attempts. Another pullback into the Bullish OB+ give AGI another chance to escape the bearish trendline which it does and begins to make new Higher highs and Higher lows, a bullish trend has begun on the LTF. The last thing AGI now needs is to break market structure to confirm a new bullish trend which it does by sweeping the supply zone on the nearest local high. Using the Fibonacci zones we can find the best place for entry between the 0.62 & 0.79 areas of the pullback just after a "change of character" (CHoCH).
With strong fundamentals as well as bullish technical analysis it is clear that AGI is a great project to consider. With a strong probability trade like this and Take Profit (TP) targets as price continues its rally. Obviously as with all Altcoins they are subject to BTC price movements, this trade idea will really be determined by BTC regaining the 4h 200ema. If Bitcoin can do that we'll have more confidence and confluence in the trade idea, if BTC continues it's LTF downtrend then the trade idea could be postponed and look for a better entry. The Stop Loss (SL) will be the invalidation area.
Bitcoin bull or bear?the support 57 is very important and i think this setup is good for long position
DYDX - Lost Case? Time to JUMP SHIP?👎🤔DYDX-USDT🤔
We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:
Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:
To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.
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BINANCE:DYDXUSDT
ETH - Long-term Possible Scenarios 📈📉Hello TradingView Family / Fellow Traders,
As per my last analysis, ETH rejected the $2900 - $3000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the last high marked in orange is needed.
In this case, a movement towards the $4000 resistance would be expected.
2️⃣ Bearish
In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,400 - $2,500 demand zone.
Which scenario 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 Nasr
ETH - Critical Zone 👀Hello TradingView Family / Fellow Traders,
As per my last analysis, ETH is now hovering around the $2900 - $3000 support.
What's next?
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the last high marked in red is needed.
In this case, a movement towards the upper orange trendline and blue structure at $3350 would be expected.
2️⃣ Bearish
In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,500 - $2,600 demand zone.
Which scenario 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 Nasr
ETHERUEM → ETH is ready for an upwardhello everyone...
as you can see the coin hunted from both sides in this situation I am with the first hunted area so I am into the bullish trend for this coin.
on the other hand, the price touched the bottom line of the channel and is starting an upward movement from there and rejected the breaking idea.
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✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
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BTCUSDT Short SignalWe have Bearish Cypher pattern on bitcoin H4 chart. Risk reward 1/3, we can place sell limit order on potential D point.
OMNI directional interest. Elliott Wave If you find this information inspiring/helpful, please consider a boost and follow!
Looking for these paths to play out for clarity to play off of.
Possible Elliott wave triangle here.
A break down and reclaim is a nice conservative move I am looking to play.
A break up impulsively, I would be watching for a retrace to play high.
The target for the triangle may vary. So agian, waiting for the price action to print down and signs of reversal.
HBAR - Ready For Another Impulse?Hello TradingView Family / Fellow Traders,
🚀After a massive 108% surge, HBAR rejected the $0.15 - $0.17 resistance zone and is currently in a correction phase.
HBAR is now approaching a strong demand zone marked in blue, so we expect the bulls to kick in soon, as long as the demand holds.
📈 For the bulls to take over again, we need a momentum candle close below above the last major high highlighted in red.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
BUY POLKADOTDue to porpular demand I will be breaking down crypto. Polkadot looks bullish from this lows of 6.90 I expect price to rally up to 11.30 which will act as our next supply level. Lets catch some coins.
🐶Floki(FLOKI)🐶 Fall by🌠Shooting Star🌠🏃♂️Floki(FLOKI) has managed to form a 🌠Shooting Star Candlestick Pattern🌠 near the Upper line of the Descending Channel and the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡.
🔔I expect Floki(FLOKI) to fall at least to the 🟢 Support zone 🟢 and lower line of the descending channel.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Floki Analyze ( FLOKIUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DOGE 4-5 SetupDOGE reached its peak in wave 3 in May 2021 and likely hit the bottom of wave 4 in June 2022. However, due to the ongoing corrective downtrend, a reset in wave 4 might occur. The overall expectation is for an upcoming upward movement in wave 5. It is recommended to gradually enter positions at support levels and exit at resistance areas.
Altcoin's Market StatusThe total value of all altcoins has reached a low level and its support range on a daily timeframe, which often indicates a good time to buy. This could be an opportunity to invest before their value increases. This is just a guideline and not at all an entry signal. Be sure to do the necessary research before buying and do not forget about risk and capital management.
PEPE - DOWNTREND, another DUMP coming 📢📢 PEPE-USDT📢
PEPE has seen an amazing bull cycle, increasing 800% parabolically over a few week. It's safe to say that just from this fact, a bear market is up next and we can already see the sins of an early bear market starting.
Our highly accurate technical indicator is showing that the bullish phase is long over, flashing a "SELL" signal a few candles back:
When we start to trade UNDER the green trendline, the price turns bearish and the trendline will now become red. For now, at least, it seems as though altseason may be over.
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BINANCE:PEPEUSDT
OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red.
Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline.
Moreover, it is retesting a strong support zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
