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Altcoin

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.
Short
by pejman_zwin
24
ETH - Make or Break Zone!Dear TradingView community and fellow traders, I find the daily chart for ETH to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST 1️⃣ => Non-Horizontal Resistance ETH has been overall bullish from a long-term perspective, trading within the rising broadening wedge in blue and now approaching the upper bound / blue trendline acting as a non-horizontal resistance. 2️⃣ => Overbought From a medium-term perspective, ETH has been trading inside the rising broadening wedge in red, and it is currently hovering around its upper bound / red trendline acting as an over-bought zone. 3️⃣ => Round Number This week, ETH has been hovering around the $3000 which is a massive round number and psychological level. 🗒 That's why the blue circle with the red circle inside it is a zone to keep an eye on, as it is the intersection of three rejections. 📈 If broken upward, expect further long-term bullish continuation. 📉 In parallel, if $2850 is broken downward, expect the bearish correction to start. 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
by TheSignalyst
13
Altcoin Season 2024 is about to beginTo delineate the onset of Altseason 2024, I have meticulously scrutinized CRYPTOCAP:OTHERS.D , which offers insights into Dominance distribution, excluding the Top10. Historically, the level around 12% has proven to be extraordinarily significant. Presently, the "price" rests just below this pivotal level (specifically at 11.93%). However, we have recently witnessed a compelling inverse head and shoulders pattern, followed by a move above 12%. This suggests that the current level may simply be a retest of 12%, potentially heralding the beginning of a journey towards new highs and triggering a substantial Altcoin Season. I've opted to illustrate this phenomenon using the "Baseline" chart style. However, transitioning to regular candlesticks would further accentuate the significance of the 12% level.
CRYPTOCAP:OTHERS.DLong
by FourApplesADay
4
FET - Make or Break Zone Hello TradingView Family / Fellow Traders, On Weekly: Left Chart After breaking above 0.6, FET surged by 80% and it is currently rejecting a major weekly resistance at 1.0 - 1.05. 📈 For the bulls to remain in control and take over from a macro perspective, we need a weekly candle close above 1.05. On H1: Right Chart 📉 If the last major low in red at 0.885 is broken downward, expect the bearish correction to start 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
4
MATIC - Bullish Flash on THIS Indicator 📢📉Hi Traders, Investors and Speculators of Charts📈 If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - we just saw a bullish "BUY" signal flash on the weekly from a powerful indicator! Polygon is unique in that it's a blockchain platform designed to work with another blockchain platform. It improves Ethereum's scalability - which we all know if the biggest problem of ETH. ETH dApps can use Polygon's sidechains, thereby making it a functional and fundamentally great choice as an altcoin asset. One of the exciting things about Polygon is the partnerships it has established. Many big brands are working with Polygon to launch their NFT projects. Current partners include: ✅ Walt Disney ✅ Starbucks ✅ Meta Platforms ✅ Nike ✅ Mercedes ✅ Google ✅ Adidas ✅ Adobe ✅ Mastercard ✅ Reddit While it might not pump as hard as other altcoins, it's also far less likely to fail than smaller , newer cryptos with similar aims - and it still has plenty of room to grow. Its partnerships make it an interesting buy for those who are interested in a well diversified portfolio, containing assets with real-world use case and strong fundamentals. A possible scenario like this seems possible IF we can maintain closing daily candles ABOVE the diagonal trendline (support): A drop and CLOSE UNDER this zone invalidates short term bullish sentiment: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:MATICUSDT
MLong
by CryptoCheck-
4
XRP Chopping Up: XRPBTC Breakout OVERDUE📉Hi Traders, Investors and Speculators of Charts📈 XRP is notorious for pumping and dumping, but even after the wallet "hack" of Chris Larsen, the price is still making higher lows. From a macro perspective, we can clearly see the price increase - gradually, but we're stair stepping up. XRP usually dumps harder than BTC when there's a correction and the XRPBTC chart is still in prison. However, if we consider this chart, it is more likely that XRP will GAIN ground n BTC soon, instead of weakening more against BTC: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:XRPUSDT BINANCE:XRPBTC
Long
by CryptoCheck-
1