GAL - scalping ideaStill looking at GAL after this surge the last days. Looking on opening an scalp position to our swing position which is up 35% 🚀
On the 12H tf I am looking for the FVG to get filled, we shouldn't fall much lower but the "worst" scenario for now would be a pullback to our swing entry and the demand resting there. Target for the scalp is the range high at 5.41$
Altcoin
Solana - SOL Fractal NO ONE talks about📉Hi Traders, Investors and Speculators of Charts📈
SOLANA is on the list of my top 20 altcoins to watch in 2024.
From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop".
What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally the 4)second impulse wave .
From a technical indicator view we know that the price is bullish because we see a "Overbought" flash on the weekly, which usually indicates strong bullish momentum :
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 2 /pop.
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BINANCE:SOLUSDT
SOL - Solana follows THIS FRACTAL📉Hi Traders, Investors and Speculators of Charts📈
Solana has made some great increases, and it's retraced back to support levels.
By looking at the Drop-and-Pop fractal we've been watching, we can conclude tat for the short term, the support zones should hold at $140, with wicks as low as $120.
We can also take a look at moving averages to get an idea of possible wick zones.
We should continue to trade above the 50d moving averages (green) for the price to remain bullish. Losing the 50d will be a bearish indicator:
"Overbought" flash in the weekly usually takes us into a short term correction phase, with prices trading closer to the green trendline:
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BINANCE:SOLUSDT
FIL - daily bearish signsFIL, after a substantial drop from its all-time high, showed some recovery. However, it seems to have met a strong resistance zone it couldn't breach. From this vantage point, it looks poised for a potential fall, possibly retracing back below the $5 mark again. This could represent a significant move for those keeping an eye on FIL, suggesting a bearish outlook in the near term.
ATOM - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦 ATOM has been hovering within a big range between $5-$6.5 support zone and $15-$16.5 resistance zone.
📉 Currently, ATOM is in a correction phase and approaching the lower bound of the range.
📚 As per my trading style:
As #ATOM approaches the lower bound of the range, 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
SOL - Similar Re-Accumulation Last CycleLast cycle we had a re-accumulation that looked just like this, and it was from the exact same levels. Scroll left and go take a look. I pulled the fractal and overlaid it for comparison. This is how I'm expecting it to happen. It's also worth noting that BTC and ETH also have a re-accumulation that matches up with last cycle's fractal. This big dump was the spring and now we have hidden bullish divergences on the daily across all of the altcoins
ADA’s Price Spike 8% As Cardano’s Treasury Hits $1.5 BillionThe treasury of Cardano, a decentralized blockchain platform, currently holds a value of $1.5 billion, reflecting a growing confidence and support for the Cardano ( CRYPTOCAP:ADA ) ecosystem. This accumulation of funds is noteworthy due to the upcoming shift in decision-making authority regarding the use of these treasury funds. Unlike traditional centralized systems, which often involve a select few making decisions, Cardano ( CRYPTOCAP:ADA ) has adopted a decentralized approach to empower its community in determining the allocation of these resources.
Despite recent market challenges, Cardano's native cryptocurrency, CRYPTOCAP:ADA , has demonstrated notable resilience by rebounding 8%, indicating strength amidst adverse conditions. The price of CRYPTOCAP:ADA has been volatile lately, with a 20% plunge since April 12, which can be attributed to broader fluctuations observed across the cryptocurrency market. Nonetheless, despite the short-term fluctuations, technical analysis and historical trends indicate CRYPTOCAP:ADA 's potential for sustained growth, fostering optimism.
The current state of CRYPTOCAP:ADA showcases robust trading volume and open interest, indicating growing investor confidence in its future trajectory. Its current price stands at $0.49547, supported by a market cap of $18.2 billion. Additionally, Cardano's open interest has surged by over 7.43%, reaching $167.2 million. Investors are closely monitoring CRYPTOCAP:ADA 's price movements, particularly in light of recent turbulence in the broader cryptocurrency market.
As Cardano ( CRYPTOCAP:ADA ) continues to evolve and expand its ecosystem, the outlook remains positive, with CRYPTOCAP:ADA well-positioned to play a significant role in shaping the future of decentralized finance and blockchain innovation. With a clear focus on scalability, interoperability, and sustainability, Cardano ( CRYPTOCAP:ADA ) is poised to realize its vision of creating a more inclusive and accessible financial system for all.
Fetch.AI(FET) is Ready to Correct 🚨➖40%🚨📈Today, I want to analyze a project that has increased over 🚀 ➕500% 🚀 over the past month, but it seems that the time for correction has come; the project's name is Fetch.AI(FET) .
📚What Is Fetch.AI(FET)❗️❓
🔸 Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.
🏃♂️The Fetch.AI (FET) is moving in an Ascending Channel on the daily time frame, currently near the Upper line of the Ascending Channel and the 🟡 Potential Reversal Zone(PRZ) ($3.60-$2.80) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
💡For better analysis, we can also use the FETBTC chart .
💡FETBTC is near the Upper line of the Ascending channel and 🟡 Potential Reversal Zone(PRZ) 🟡.
🌊In terms of Elliott wave theory , FETBTC seems to be completing the Double Three Correction(WXY) , and I expect FETBTC to fall into the 🟢 Support zone 🟢 if Bitcoin corrects, we can expect a further correction from FET. 👇
🔔I expect the FET to start falling (🚨➖40%🚨) from the 🟡 PRZ 🟡 to the 🟢 Support zone 🟢 and Support lines in the coming hours .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Fetch.AI Analyze (FETUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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ENS Targets a New All Time HighEthereum Name Service (ENS) is a decentralized naming system on the Ethereum blockchain, converting human-readable names like john.eth into machine-readable Ethereum addresses. It also allows the reverse, associating metadata and machine-readable addresses with human-readable Ethereum names.
I believe that the macro price action on ENS targets a new all time high up to 700$
The clear stoploss that cancels the whole idea is any drop below 7.70$
#ENS
Ethena (ENA): Why we’re betting BIG on this dip!We're setting up a swing entry for $BINANCE:ENAUSDT. There are several reasons for this decision, including the fact that we've captured all the buy-side liquidity we had previously marked and reclaimed these demand zones. Recently, we observed a Stop Fishing Point (SFP) during the second dip and now anticipate rising at least to the supply levels between $1.26 and $1.40. This is the range we are targeting. Additionally, we believe this could be a very interesting coin in the coming days or weeks. Therefore, this is our swing entry on a lower time frame for ENA.
XRP - When To Buy MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here XRP has not mooned yet . The ALTCOIN market has just hit a critical level , when this happens XRP can start its move higher . This needs to be watched carefully. In this video I talk about when it looks good to buy XRP for bull market.
XRP To The MOON
Please watch the video for more information
UNI sent BACK TO PRISON 🦄⚔📉Hi Traders, Investors and Speculators of Charts📈
UNI has dropped hard after a decent increase, taking the price back to accumulation level lows.
Losing ALL THREE moving averages in the daily is bearish for the short term :
This however presents an excellent opportunity for traders to re-accumulate at low prices before the next bullish impulse wave begins.
According to Eliot Wave Theory; as long as wave 2-3 does not retrace beyond wave 0-1 the cycle can still be considered bullish. Meaning, IF we drop any lower than the current point, we'll no longer be able to consider the price as bullish.
The WHITE lower trendline may be an indication of a buy zone:
I'm labeling this post as "long", not because I am taking a leveraged long but because the price is re-entering the accumulation zone/ buy zone (SPOT).
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BINANCE:UNIUSDT
BTC.D is an important aspect of the markets to watch right now.While BTC is making new lows today on this pullback - many alts including eth and solana are above their Saturday lows still.
Reason being- BTC.D rejected off the 57% level and is pulling back today, which has been allowing alts to hold stronger than BTC itself.
This could go two ways from here— now that BTC.D is at support, it either bounces and alts begin suffering once again, or it moves down to the 55% level and if lost, could provide some nice altcoin bounces in the next coming weeks if BTC can at the very least chop sideways
Bitcoin dominance is an indicator that has served me well over time as you all have seen, and i encourage you guys to check it out every once in a while.
15/04/24 Weekly outlookLast weeks high: $72799.81
Last weeks low: $66731.50
Midpoint: $60663.19
BTC HALVING WEEK!
A lot happened last week in the world of crypto, We saw our first prolonged sell off that led to BTC losing the 4H 200EMA support line, and reaching a weekly low of $60,600 .
What caused this drop? In my opinion and it's easy to say in hindsight, it's been a long time coming with no clear pullback since the beginning of February. BTC's price has nearly doubled since then and with the rally exhausted a correction is healthy.
It's important to back up how a trader feels anecdotally with TA and data:
- In terms of TA and indicators, The 1D RSI has been on overbought for weeks and also provided a bearish divergence in mid march when we made a new ATH.
- The fear and greed index is a great tool to use as confluence with other technical indicators, used in conjunction with RSI for example we can tell if BTC has anymore room to grow during this rally or we need a pullback to refuel. In this case, the fear and greed index has been above 70 since the beginning of February, peaking at 90 which historically shows a local top.
FA and Geo-Political influences:
- The Halving takes place this week, in the past we do usually get a sell off pre-halving, 20-30% drop's are also common during bullruns so this isn't too much of a surprise.
- Geo-political escalations can cause uncertainty in the market, The COVID crash comes to mind where we have a capitulation event, I don't see this pullback as anything near the COVID crash severity, however, with conflict growing in the Middle-East it is possible risk-on assets such as BTC can suffer as investors become cautious and defensive.
For this week I will be keeping a close eye on BTC reclaiming 4H 200EMA, if that is possible I believe the alt market can begin to recover, until then I do think the market will still be cautious. Flip the MIDPOINT and make it support then we're risk on, rejects and we're still playing it safe.
CRO: Watch THIS ALT for x100 in ALTSEASON📉Hi Traders, Investors and Speculators of Charts📈
We observe an important pattern on Cronos in the Daily - the Flag Pattern, also known as the Pennant. The pennant can be either bullish or bearish, depending o where the price CLOSES.
The BULLISH Scenario / Long:
The BEARISH Scenario / Short:
From a technical indicator perspective, the MACRO is still clearly very bullish:
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CRYPTO:CROUSD
USDT.D% Can Go Up by Falling Wedge Pattern✈️💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.
📚What is Market Cap USDT Dominance% (USDT.D%)❗️❓
🔸Market Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance.
🔸The first is that investors put cash on the market from the outside, which is due to the unfavorable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
🚀If USDT.D% increases, we can expect a correction in the cryptocurrency market .
🏃♂️USDT.D% is currently moving in an important 🟡 Potential Reversal Zone(PRZ) 🟡.
💡If you look at my chart, when USDT.D% first entered the PRZ, it formed a Falling Wedge Pattern and performed well. USDT.D% seems to have once again succeeded in forming a Falling Wedge Pattern in PRZ ( although this time, the pattern seems to be even more standard than the previous one ).
🔔I expect USDT.D% to rise to at least the 🔴 Resistance zone(4.72%-4.53%) 🔴 after breaking the upper line of the falling wedge pattern .
Market Cap USDT Dominance% Analyze (USDT.D%), 4-hour 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.