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ETH BREAKOUT??Simple chart with key levels shown. After the Trump victory price has broken out from the downtrend of 7 months. So far the breakout has been capped at the major resistance level of $2850. It's a clearly important S/R level with clear TPs on the way back up to local high. Entry is a tricky one, the macro is clearly bullish with the election news + interest rate cuts happening globally. A safer entry would be a flip of the resistance @ $2850. A second entry would be the green box and still broken out of the downtrend. That would make the entry closer to being wrong and therefor better R:R but for me less probable as $2850 is still major resistance. Invalidation is under the green area around $2700 and falling back under the downtrend, approx -6.5% under the possible entry once the S/R is flipped.
by ProR35
Sui Network Surpasses $1.5 Billion TVL Amid Validator Recovery The Sui blockchain is hitting major milestones despite a brief setback. Following a two-hour downtime caused by a bug in its transaction scheduling logic, the network is back online and thriving, thanks to swift action by its validator community. This recovery reflects the resilience of the Sui ecosystem, which has been on an extraordinary growth trajectory. Fundamental Highlights 1. Total Value Locked (TVL) Milestone Sui’s TVL has surged past $1.5 billion, a staggering achievement that underscores the network’s rapidly growing adoption. This is a sharp climb from recent thresholds of $1.1B, $1.2B, $1.3B, and $1.4B, showing the ecosystem’s remarkable momentum. 2. On-Chain Volume Record Over the past 7 days, Sui recorded more than $2.5 billion in on-chain volume, further demonstrating the ecosystem’s robust activity and the confidence of its user base. 3. Ecosystem Expansion The launch of SuiPad, a token creation and launchpad platform, has been instrumental in driving engagement. It enables both novice and experienced traders to create and launch tokens, adding significant value to the Sui ecosystem. Technical Analysis At the time of writing, CRYPTOCAP:SUI is trading 3% higher and forming a bullish pattern after completing a falling wedge breakout—a classic reversal setup. The Relative Strength Index (RSI) is currently at 72, indicating strong momentum for further upside. CRYPTOCAP:SUI is poised to test the $5 pivot, with potential to rally towards $10 in the medium term if momentum continues. Furthermore, CRYPTOCAP:SUI is trading comfortably above crucial MAs, reinforcing its bullish sentiment. 🌟 Why This Matters The swift recovery from downtime and its consistent growth in TVL and on-chain volume solidify Sui’s position as a leader in the blockchain landscape. Its innovative tools, such as SuiPad, are fostering both community and developer engagement, making it a hub for altcoins and Layer 2 projects. Investors and traders should keep a close eye on CRYPTOCAP:SUI as it continues to make waves in the crypto market. The combination of robust fundamentals and strong technical indicators points to a promising future for this rising blockchain.
COINBASE:SUIUSDLong
by DEXWireNews
$BTC parabolic move will continue!Two years ago, we confirmed the #Bitcoin bottom in November 2022! There was a 528.58% increase from the December 2018 bottom to November 2020. There was a 529.81% increase from the November 2022 bottom to November 2024 and it is still continuing. Therefore, we witnessed a mega bull process for #btc and #altcoins with a closing and retest in December 2020 above the 2017 local peak. Today, a one-month closing and retest has been completed as of November 2024, above 69k, which is the local peak of November 2021. An exciting process begins for #Alts and #BTC
by EtherNasyonaL
ETH - The Trade of The Year!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As ETH retests the $2,800 structure zone marked in blue, I will be looking for trend-following longs. 🎯Once the trade is activated, I will be targeting the $3,500 round number, providing us with a good RRR trade. For now, we wait!⏱️ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
11
ATOM | ALTCOINS | +77% | What does the future hold for COSMOS?I've been following Cosmos for many months, and it's recently seen a very decent increase of +77%. Unfortunately I didn't get all of it, but ATOM has increased moderately since I bought in a few weeks ago. However - comparing it to DOGE particularly, it pales in comparison. Again, like with LTC, we need to start reclaiming previous resistance zones in order to be sure that this coin has a future. Ultimately - we are in crypto for the increases😉 And many altcoins have fallen behind over the last year. Although they can (and are) still being traded, the increases are nowhere near that of other alts. ____________ BINANCE:ATOMUSDT
by CryptoCheck-
Litecoin's historical pattern & Fib logA few weeks back I made a chart on Litecoin named "Litecoin and it's historical patterns" linked in this chart down bellow. This is literally the same exact chart but I've added the "LTC Log Curves based on Fibonacci math sequence. Look at how good it's fit on the original analysis! On the bottom I have the "Litecoin Wizard" I'm not entirely sure what this is based on but I do believe it's on chain information. I have added to this indicator a support level (buy area) and a Litecoin hyper level that is above the yellow line and heavy profit taking area. As we can see it's not there very long, so when it is take advantage of it. Back the log curves, assuming LTC stays within a this growth channel and doesn't break below the green area, we can reasonably say that eventually LTC will hit the top of this curve (red area) again one day in the future. That area if hit sits at a possible 2500 LTC in 2025 to 2026. You have to keep in mind that it might never hit the top of the channel ever again, there is no guarantee of it. By combining both of these indicators one could find a very good sell area and take profits in the future and then re apply it to rebuy again after that. This is not a prediction or a buy recommendation by no means. It's a simple observation using specifically designed indicators. Thanks for looking & leave a comment on what you see down below WeAreSat0shi Stay Blessed!
KRAKEN:LTCUSDLong
by WeAreSat0shi
13
ARB Swing Long Idea - Arbitrum Analysis ARB is the leading Ethereum Layer 2 chain. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I would recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential. Technical Analysis: The price took out the 2023 low and created new lows in 2024. It now appears to be building weekly bullish momentum by forming a weekly demand zone. The daily structure also looks bullish. We recently broke and closed above the bearish trendline. I expect the price to retrace into the weekly demand zone, potentially retest the trendline, and then take off toward the first and second targets. SL: 0.41 TP1: 0.83 TP2: 1.27
Long
by UA_CAPITAL
DYM - A Whole Different Dimension...Dear TradingView community and fellow traders, I am Richard, also known as theSignalyst. I find the DYM daily chart to be intriguing as it appears to be following the famous Wyckoff Cycle. I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example. 1️⃣ MarkDown After being listed, DYM was bearish making lower highs and lower lows. 2️⃣ Accumulation DYM is currently trading within a big range between $1 and $2.4 in the shape of symmetrical triangle. 3️⃣ MarkUp For the MarkUp phase to start, a break above the upper bound of the range at $2.4 is needed. I hope you find this post useful, and I would appreciate your likes and support. Which scenario do you think 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
Long
by TheSignalyst
4
18/11/24 Weekly outlookLast weeks high: $93,269.62 Last weeks low: $86,738.62 Midpoint: $80,207.62 The "Trump pump" continued last week as BTC hit a massive $93k, another new ATH. Later in the week some of that progress did retrace mainly due to news events such as CPR & PPI data as well as profit taking/ de-risking. This week should be an interesting one as we see an early surge after weekly close putting BTC back at $92,000. As president-elect Trump announces his picks for roles in his new administration, the rumour is that Howard Lutnick may become Treasury secretary after backing from Elon Musk and RFK Jr, Lutnick would be a very pro crypto choice which has great potential for the space, with a new SEC chairman after the firing of Gary Gensler and the potential Bitcoin strategic reserve. Things are looking bullish bullish bullish! With BTC.D now at 60%, this would indicate although BTC hit new ATH altcoins are outpacing the market leader in growth. Memes are taking centre stage this Bullrun even though historically that stage of the cycle tends to be towards the end. Every other metric suggests this Bullrun is far from over so it's definitely something to take into consideration. This week I would like to see some breakout continuation patterns on fundamentally strong altcoins, as well as bitcoin, I do believe it is dips are for buying season going into the end of the year. A dip could be triggered by a loss of the diagonal support & 0.75 line shown on the chart which would provide a better entry/DCA opportunity after a leverage flush.
by ProR35
3
WAGYUSWAP IS ON THE MOVE - EXPECT UNEXPECTEDChart Overview Timeframe: 4-hour chart The price is trading within a square trading channel, indicating a consolidation phase. This could signal the market is in a period of indecision, with potential for either a breakout or breakdown. The price is currently approaching the lower boundary of the range, indicating that a bounce might be possible or further price testing may occur before any breakout. Key Levels Resistance: The price has been rejected multiple times near 0.0015419 and 0.0013976, creating a clear resistance zone. Support: The price is finding support near 0.0012548, a level it has tested recently and managed to bounce from, showing some strength in the market. Volume Volume Trend: The trading volume is currently lower compared to previous spikes, which typically signals lower market participation. This suggests the market is waiting for a catalyst (likely a breakout or a shift in sentiment) before it can decide on the next move. Indicators VMC Cipher B Divergences: This indicator shows some divergence between the price and momentum, hinting that the price may be losing some strength in its current trend, which could signal a potential reversal. RSI (Relative Strength Index): Currently at 55.5, the RSI is neutral, indicating there is no extreme overbought or oversold condition. It is waiting for more price movement to confirm whether the trend will continue or reverse. Stochastic Oscillator: The stochastic is at 27/71, suggesting a slightly oversold condition. This could indicate a potential buying opportunity if the price tests the support again or breaks higher. Trading Plan Scenario 1: Breakout Above Resistance (Bullish) Entry Point: If the price breaks above 0.0015419 and holds above it, this could indicate the start of an uptrend. Target: The next resistance zone lies around 0.00166. This could be your first target. Stop Loss: Place the stop just below the previous support level of 0.0012548 (around 0.0012) to limit risk if the breakout fails. Scenario 2: Bounce from Support (Bullish Reversal) Entry Point: A potential entry could be near the 0.0012548 support level if the price shows signs of bouncing off this zone with higher volume or confirmation from the RSI or stochastic oscillators. Target: The target would be the 0.0013976 resistance level, with a potential continuation towards 0.0015419. Stop Loss: Place the stop just below 0.0012 to protect from a further breakdown if the support level fails. Scenario 3: Breakdown Below Support (Bearish) Entry Point: If the price breaks below 0.0012548 and shows no signs of reversal, this could indicate a continuation of the downtrend. Target: The next support level lies around 0.001166. Stop Loss: The stop should be placed just above 0.0013976 resistance level to protect from any unexpected upward movement. Risk Management Position Sizing: Adjust your position size based on your risk tolerance and stop loss distance. Never risk more than 2% of your account balance on a single trade. Monitor Volume: Ensure that any breakout or breakdown is accompanied by an increase in volume, which helps confirm the validity of the price movement. Additional Considerations Watch for the broader market trends as cryptocurrency markets can be highly correlated. Look for any major news or events that could affect overall market sentiment. Keep an eye on the broader trend, using higher timeframes like the daily chart for confirmation.
Long
by elfabiiani
Velas with BIG UPDATE: VELAS 2.0 IS A GAME CHANGER IN CRYPTOTechnical Analysis for Velas (VLX) Velas 2.0 represents a significant upgrade to the Velas blockchain, enhancing its scalability, security, and user experience. This update introduces several key features: Enhanced Performance: Velas 2.0 offers improved transaction throughput and reduced latency, enabling faster and more efficient operations. Advanced Security Measures: The update incorporates robust security protocols to safeguard user assets and data against potential threats. User-Friendly Interfaces: Velas 2.0 provides intuitive interfaces for both developers and users, simplifying interactions with the blockchain. Expanded Ecosystem Support: The upgrade facilitates seamless integration with various decentralized applications (dApps) and services, broadening the Velas ecosystem. Price Action & Trend: Current Trend: The chart indicates that Velas (VLX) has been in a descending channel, with price movement within this range. It appears to be moving between resistance and support levels. Resistance & Support Levels: Key Resistance Levels: The resistance levels are noted at around 0.02700 and 0.02517, which have proven to be significant barriers in the past. Key Support Levels: Support is identified in the range around 0.01400, with a consolidation zone suggesting strong buyer interest near this level. Indicators: VMC Cipher B Divergences: The VMC Cipher B indicator suggests that price might be moving in a more stable range or could potentially reverse if further divergence is observed. Currently, the signal is showing some signs of bullish divergence, meaning there might be a potential price breakout to the upside soon. RSI (Relative Strength Index): The RSI value is currently at 57.34, indicating that the asset is in the neutral zone. It is neither overbought nor oversold, suggesting that there could still be room for price movement in either direction. If the RSI approaches 70 (overbought), it may signal a potential reversal downward. Stochastic Oscillator: The Stochastic Oscillator is at 57.26, which is also in the middle of the scale, confirming the neutral sentiment. If this indicator moves above 80, it could indicate overbought conditions, while a drop below 20 might signal an oversold condition and potential price reversal to the upside. Current Momentum: The ascending channel suggests potential upward momentum, particularly if price breaks the resistance level near 0.017971. Market Sentiment: Given the announcement of Velas 2.0, there could be positive news driving the price surge, and with continued positive sentiment, further movement towards 0.02500 could be expected. Trading Plan: Bullish Scenario: Entry: A break above the resistance zone of 0.017971 could be considered a signal for entering a long position. The next potential target would be the 0.02000 resistance level. Take Profit: Set the first take-profit target around 0.02500. A second target could be near the 0.02700 zone, depending on market momentum. Stop Loss: Place a stop-loss just below the support level of 0.01400 or the recent swing low to protect against significant losses. Bearish Scenario: Entry: If the price fails to break above resistance and starts moving back down towards 0.01400, a short position could be considered. Monitor the RSI and Stochastic Oscillator for oversold conditions as confirmation. Take Profit: In the case of a bearish trend, aim for take-profit targets near 0.01195 and 0.01000. Stop Loss: Set the stop-loss just above the previous resistance level around 0.017971 to minimize losses. Neutral Scenario: In a scenario where price fluctuates between the support and resistance levels, consider a range trading strategy. Buy near the support zone and sell near the resistance zone, using shorter timeframes for better entry and exit points. Fundamental Catalyst: The Velas 2.0 announcement is a key event that could lead to a potential price surge. Monitor any news or updates from the project, as these may drive the price upward, influencing both short-term and long-term movements. This analysis and plan should be used to guide your trading decisions, but it's essential to regularly reassess the market and adjust your strategy accordingly, especially with the developments in the cryptocurrency space.
CRYPTO:VLXUSDLong
by elfabiiani
1
INJ SWING LONG IDEA - ALTCOIN SEASON 2024-2025INJ experienced significant gains during the 2023-2024 altseason, making it a smart move to watch this coin for the 2024-2025 altseason. Technical Analysis: The price ran the weekly swing liquidity during the August 4th dump. It wicked but couldn’t close below, signaling bullish strength. Following this, the price broke both the daily and weekly bearish structure, turning bullish on two higher timeframes. Recently, the bearish trendline responsible for the downtrend since spring 2024 was broken with strong momentum and a confirmed close above. This indicates to me that the price aims to move higher. I expect the price to potentially retrace into the weekly demand zone, hitting the optimal trade entry (OTE) level and possibly retesting the broken trendline. I will be looking for lower timeframe (LTF) confirmations within the weekly demand zone if the price reaches that level. SL: $13 TP1: $28 TP2: $41 TP3: $53
Long
by UA_CAPITAL