Altcoin
ETH RANGES Ethereum being the second biggest coin in market cap has a very important role to play in the crypto ecosystem, however, we haven't heard to much talk or news about the coin as other L1's have stolen the spotlight. SOLANA, INJECTIVE, SUI etc have all grown in popularity and have taken a lot of the focus away from the biggest altcoin by market cap.
In the chart there are clear ranges for which I believe are worth trading. Range 1 & Range 2 are the HTF key levels, bouncing between the High, low and the midpoint of the range . Currently we have seen price be rejected from the Range 2 Midpoint the support comes from the $2130 level in the HTF but the red supporting trendline on the lower timeframes. For now the chop has kept ETH within those areas and until proven otherwise should be traded as such.
A case for the bulls on Ethereum :
- ETF narrative can be a powerful mover as has already been demonstrated with the BTC move all of last year. Now that the Ethereum ETF awaits approval we could see a similar rally towards the decision date at the end of May this year . It's important to note that this date is post BTC Halving event and historically a rally follows this event throughout the market.
- Deflationary tokenomics lend themselves to a bullish asset for investors because of simple supply and demand dynamics. With the inevitable increase in retail exposure that comes with a Bullrun in addition to BlackRock and other ETF providers buying large sums of the crypto to offer to customers. Naturally this increases price as demand is up, now couple that with a deflationary circulating supply and you have a very bullish scenario where a very sought after asset is becoming increasingly rarer, perfect storm for the bulls.
A case for the bears:
- OLD NEWS... I would say that in crypto being the new kid on the block is very important for increasing the price of the token. We have seen in the last year many new L1's be released and have taken the spotlight away from older more established coins which can be disheartening for anyone that's holding ETH or looking to add ETH to their portfolio.
INJECTIVE, SUI, TIA to name a few often outperform the larger cap coins that are older as the potential to grow is much larger. Ethereum already has a market cap of $280B The likelihood of 5x, 10x or 20x gains are much lower than a smaller cap coin offering a similar service with newer technology. So for this reason I think the well established nature can work against Ethereum but it is worth saying that because of this it is less risky to invest in a larger cap coin when compared to smaller caps.
I'm keeping a keen eye on ETH both against stables and BTC pairs but will avoid getting drawn into the choppy price action. Only taken action at the key levels shown on the chart.
[DYDXUSDT] - Awaiting for great targets🔥
🔸monthly chart shows a huge accumulation of cup & handle pattern (641d) confluence with a
0.382 fib level.
🔸many attempt for breakout has occurred
🔸it's matter of time for a bullish rally.
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Shiba Inu Price Soars Towards Critical Resistance!Shiba Inu Price Analysis: Approaching Key Resistance Level Amidst Bullish Momentum
The world of cryptocurrency is always filled with excitement and anticipation, and one coin that's been grabbing attention lately is Shiba Inu. With its adorable dog-inspired branding and a passionate community of supporters, Shiba Inu has been making waves in the digital currency space. Today, we'll delve into its recent price action and what the future might hold for this canine-themed coin.
The Price Surge:
In recent weeks, Shiba Inu has been on an impressive upward trajectory, with its price heading vertically towards a critical resistance level. As of now, it's approaching the multi-year lows resistance level of 0.00001194. This level holds significant importance as a breakout here could potentially mark the beginning of a bullish cycle for the coin.
Technical Analysis:
Those closely following Shiba Inu's price movements may have noticed the formation of a compelling pattern. Previously, there was mention of the falling wedge breakout play, particularly around the 0.00000900 mark. This pattern signaled a potential reversal in the coin's fortunes, providing favorable entry points for traders looking to capitalize on the upward momentum.
Strategic Positioning:
For seasoned traders, identifying optimal entry points is crucial, and the recent price action has provided just that. With higher lows being consistently formed, many have secured positions within the falling wedge pattern, anticipating a sustained bullish trend. These strategic positions offer the potential for long-term gains, albeit with the acknowledgment that market dynamics can always surprise.
What's Next?
As Shiba Inu approaches the critical resistance level, traders are keeping a close eye on its ability to break through with convincing volume. For those considering entry at this juncture, caution is advised. Waiting for confirmation of a breakout and ensuring volume supports the move can mitigate risks associated with entering at potentially overbought levels.
Risk Management:
In the volatile world of cryptocurrency trading, risk management is paramount. While the bullish momentum may be enticing, it's essential to have a clear exit strategy in place. Should the price fail to sustain above the resistance level, traders should be prepared to cut losses and reassess their positions.
Conclusion:
Shiba Inu's recent price surge has captured the attention of traders and enthusiasts alike. With the coin approaching a key resistance level, the possibility of a breakout looms large. However, prudent risk management and strategic entry points remain essential in navigating the unpredictable waters of the cryptocurrency market. As always, staying informed and adaptable is key to success in this ever-evolving landscape.
INJ - Bullish Momentum Persists 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 INJ has been overall bullish , trading above the red trendline.
Currently, INJ is hovering around the trendline acting as a non-horizontal support.
Moreover, the 30.0 marked in green is a strong support zone.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and red trendline.
📚 As per my trading style:
As #INJ is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 In parallel, for the bulls to take over medium-term and start the next impulse movement that will lead to the 50.0 round number, a break above the last major high in red at 40.0 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
See Major Alt Rally! Be PreparedBe Prepared! We are going to see Major Alt rally!
As the cryptocurrency market continues to evolve and mature, we're seeing growing excitement around alternative cryptocurrencies, often referred to as "altcoins." These altcoins are any cryptocurrency other than Bitcoin (BTC), which is the most well-known and established digital currency.
The anticipation for a major altcoin rally stems from several factors:
Market Dynamics: Historically, altcoins have experienced periods of significant growth and outperformance compared to Bitcoin. This is often referred to as an "alt season" or "altcoin rally." During these phases, investors flock to alternative cryptocurrencies in search of higher returns.
Technological Innovation: Many altcoins offer unique features and innovations beyond what Bitcoin provides. These can include faster transaction speeds, enhanced privacy features, smart contract capabilities, and more. As new technologies and use cases emerge, investors become increasingly interested in the potential of these alternative projects.
Increased Adoption: With each passing year, more businesses, institutions, and individuals are embracing cryptocurrencies and blockchain technology. This broader adoption leads to increased demand for a diverse range of digital assets beyond just Bitcoin.
Market Sentiment: Sentiment plays a crucial role in the cryptocurrency market. Positive news, developments, and community excitement can fuel bullish sentiment towards altcoins, driving prices higher.
Investor Interest: Institutional and retail investors alike are continually seeking opportunities for diversification and potential high returns. Altcoins offer a way to invest in projects with significant upside potential, especially for those who may have missed out on Bitcoin's earlier growth phases.
While predicting market movements is inherently uncertain, the combination of these factors suggests that we may be on the verge of witnessing a major altcoin rally. As always, it's essential for investors to conduct thorough research, understand the risks involved, and make informed decisions based on their individual investment goals and risk tolerance.
Stay tuned and stay informed as we navigate the exciting world of cryptocurrency together!
ALGO - STILL BULLISH: NOW forming Elliot Wave 2-3📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on Algorand. And it gets better than fundamentals - we are currently witnessing a similar fractal that played out on ALGO during early days - the Elliot Wave Fractal.
From the macro perspective, we can see that Algorand has a long way to go before reclaiming previous highs, unlike many other altcoins. It's hard to find an altcoin with good fundamentals tat still has 2000% upside potential, away from previous all time high.
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BINANCE:ALGOUSDT
CELESTIA (TIA)Celestia is a project I am keeping a close eye on and is one of my favourite picks for the next 12-18 months.
"A modular data availability network making it easy for anyone to launch their own blockchain without needing a validator set. Modular blockchains specialize and optimise to perform a specific function instead of one blockchain doing everything. The specialization of these new modular blockchains allow for breakthroughs in scalability, flexibility and interoperability enabling developers to build blockchain applications for mass adoption."
This new way of approaching blockchain development and the appeal to users will no doubt make TIA a very valuable token. Having only released in Q4 of 2023 Celestia is yet to experience a full Bullrun and is currently looking to target it's ATH that was set just over one week ago.
Since price discovery is not too far away this is very bullish for the token, the lack of any previous resistance areas, traders who are looking to get back to breakeven to sell their position do not exist as everyone who has invested is in profit during price discovery.
In terms of HTF entries the 4H 200EMA has consistently proven to be strong support in all of TIA's history. We recently bounced off of this level which coincides with the 0.75 line while breaking the LTF downtrend soon after. TIA hasn't seen the double digit price moves that other altcoins have experienced over the weekend but it looks like we could see that this week. I would like for price to continue within this channel working up to the local high.
Clear invalidation would be the loss of the 0.75 level as that would be under the 4H 200EMA as well as out of the bullish channel, price would have to be accepted at this level and not just a flash crash wick.
Naturally a lot of the altcoin markets strength is tied to BTC maintaining's its strength too so any early signs that BITCOIN is weakening would also apply to TIA.
ETHUSDT - 10/10/20 METHOD 📉Hi Traders, Investors and Speculators of Charts📈
The scope of corrections (in other words the percentage) is different from one chart to another. On ETH, we see an interesting trend in terms of pullbacks - two smaller corrections before a bigger pullback. This leads me to the conclusion that the next pullback on ETH may only be around 10%.
From a technical indicator perspective, we can clearly confirm that ETH is trading bullish from a macro perspective, along with the rest of the market:
Incase you missed it; here's yesterday's update on DOGECOIN:
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BITSTAMP:ETHUSD BINANCE:ETHUSD BINANCE:ETHUSDT
AVAX Bullish Price Action!Long opportunity here on AVAX . Falling wedge which is a bullish pattern. Price has reclaimed the .786 & POC. Target is 14% away.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
AVAXUSDT Avax looking to breakoutMany cryptos breaking out of short term downtrends.
Keep your trades simple. Look for Avax to break the downtrend, wait for the retest to confirm.
Take profit at;
38.1878
40.745
42.971
Caution, if BTC has a small pull back look for atls to have a big move down invalidating the trend breakout.
BTC-USD / 4H / TECHNICAL ANALYSISBINANCE:BTCUSD Hello traders, please be cautious! Bitcoin is approaching critical support levels. If the support is broken, a sharp decline may occur. Let's monitor it carefully
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
DOT Will MOON Like UNI MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
DOT will have have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action , it reminds me of how many other coins set up in the last Bull market before it went parabolic and of course similar to UNI that just mooned
Please watch the video for more information
have a great weekend
UNISWAP - UNI Is Going To MOON MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
UNISWAP is a large player in the crypto market.
UNI looks beautiful and will continue to moon. This pattern is a large base breakout and is very powerful. Its a failed descending triangle.
This chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
MartyBoots
Starknet(STRK) can Fall at least 10%!!!📈Today, I want to analyze for you a new project that is listed in most exchanges ; the name of this project is Starknet(STRK) .
📚 What Is Starknet(STRK) ❗️❓
🔸StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.
🔸StarkNet Contracts and the StarkNet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic.
✅ Starknet(STRK) managed to break the Support line .
🌊According to the theory of Elliott Waves , it seems that Starknet(STRK) is forming a Double Three Correction(WXY) .
🔔I expect Starknet(STRK) to at least fall into the 🟢 Support zone($1.72-$1.67) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Starknet Analyze ( STRKUSDT ), 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.
Ethereum Ready to Fall [-15%]🏃♂️ Ethereum has been moving in an Ascending Channel for over a year .
🏃♂️At the moment, Ethereum is moving near the 🔴 Heavy Resistance zone($3,580_$2,960) 🔴 and the upper line of the ascending channel , which we can see the reaction to this zone well in the daily candle .
💡Also, between two consecutive peaks, the Regular Divergence(RD-) between Volume and Price is clearly visible.
💡Since the Market Cap USDT Dominance% (USDT.D%) is moving in the 🟢 Heavy Support zone(5.35%-4.90%) 🟢 and has shown a good reaction to the Support lines and there is a Regular Divergence(RD-) between two successive valleys , it is expected that the USDT.D% will increase at least up to the Resistance line , which can help to correction on most of the tokens .
🔔I expect Ethereum to decrease at least to the Uptrend line and if this line breaks, it can also fall to the 🟢 Heavy Support zone($2,160_$1,720) 🟢, otherwise it will attack the 🔴 Heavy Resistance zone($3,580_$2,960) 🔴 again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), Daily 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.