JTO | ALTCOINS | Mixed Signals in BEARs vs BULLsJTO was a hot topic when it was first released and there was a hype surrounding it, like many newly released altcoins (got to get that marketing right 😉)
However, it's been trading very "wicky" over the past few weeks, and the price seems indecisive as a pennant pattern forms. This could play out two ways, and it's likely that the next week will give clearer directions.
I'm largely watching Ethereum, King of the Alts, to make a move before expecting more upside on smaller cap altcoins.
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BINANCE:JTOUSDT
Altcoin
ASTUSDT | HUGE VOLUME SPIKE %700Volume Surge: Daily trading volume has increased by 700%, indicating heightened activity and interest in the pair.
Price Rejection: Despite a strong price rejection, evidence suggests the presence of buyers, signaling potential accumulation.
Key Levels:
Buy Zones: Marked with black lines, these levels indicate where buyers are likely to become active.
Stop Point: Set at 0.097, providing a clear risk management level.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
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📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
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📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
ME (Magic Eden) Bulls time!The ME chart is interesting, initially there was a lot of selling pressure from people who received the airdrop, causing the price to drop from $8 on Binance to $4.90, but it then made a double bottom near $ 5 and is now showing strength and trading above the moving averages on 15 minutes timeframe.
If volumes remain this high, I believe the price will rise in the coming days, I liked the risk reward.
Harmony is READY!As you can see BINANCE:ONEUSDT able to close a candle above 0.04 area which means breaking a neck of H&S pattern. You can think of it as beginning, and we may never see this price again. So this will be the opportunity invest in Harmony ( BINANCE:ONEUSDT ). I will be taking profits at those marked green lines.
FTM Update - 11.12.2024 On the weekly tf we form Long Off!
I plan to work from 4h breaker block!
Observe the risks and think with your head!
3 Altcoins Pumping Again Soon!Since you enjoyed my previous post about 3 Altcoins Rejecting the $5 mark!
Here's an interesting one about altcoins in a deep correction phase after an aggressive pump:
BINANCE:NEOUSDT
After a 200% surge, NEO is currently in a correction phase and rejecting the $15 demand zone.
As long as the $15 support holds, a expect a bullish continuation towards the $21 supply and then $25.5 previous major high.
BINANCE:TRXUSD
After a 180% surge, TRX is currently in a correction phase and rejecting the $0.25 mark.
As long as the $0.25 holds, a expect a bullish continuation towards the $0.33 supply and then $0.43 previous major high.
BINANCE:QTUMUSDT
After a 180% surge, QTUM is currently in a correction phase and rejecting the $3.5 demand zone.
As long as the $3.5 holds, a expect a bullish continuation towards the $4.8 supply and then $5.7 previous major high.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
Wagyuswap is showing some millionaire potential!Potential Millionaire Maker?
It’s no secret that the crypto landscape continuously rewards early movers who identify undervalued gems before they explode. WAGYUSWAP, with its promising pattern, upcoming developments, and strong technical setup, is positioning itself as a potential breakout star. As it stands on the cusp of a bullish reversal, WAGYU offers a unique window of opportunity for savvy investors. If the fundamentals align with the chart signals and the broader market sentiment improves, WAGYU could well be the next project to mint new millionaires—especially those who get in before the major breakout.
Technical Analysis Overview:
WAGYUSWAP (WAGYU) is showing strong signs of a potential trend reversal on its 4-hour chart. After a period of consolidation and price contraction, WAGYU appears to be carving out a textbook falling wedge pattern, often considered a bullish signal. This pattern, characterized by a series of lower highs and lower lows converging into a narrowing price channel, can indicate that seller momentum is drying up and a powerful bullish breakout may be imminent.
Key Indicators and Signals:
Falling Wedge Formation:
The price recently touched the lower boundary of the wedge and showed a decisive bounce. Historically, when a falling wedge resolves, it often leads to a sudden surge in buying pressure and can trigger swift upward price action.
Volume and Momentum Oscillators:
Trading volume spikes at key support levels suggest that “smart money” might be quietly accumulating WAGYU. Simultaneously, momentum indicators such as the RSI and Stochastic oscillators are recovering from oversold conditions, signaling that selling fatigue may be reaching its limit. A bullish crossover here can foreshadow a strong upswing.
Bollinger Bands and Moving Averages:
WAGYU’s price is starting to curl back up towards the middle Bollinger Band. A sustained move above the 20-period moving average would confirm an upward bias. If the token can break above its upper wedge trendline with significant volume, a retest of the prior high levels is highly probable.
Fundamental Factors & Recent Developments:
Ecosystem Growth: Rumor has it that the Wagyuswap development team is on the verge of announcing cross-chain integrations, making WAGYU accessible to a broader range of investors and ecosystems. Such integrations often act as catalysts for price appreciation, as more liquidity and use-cases pour into the platform.
User Interface Upgrade & Marketing Push: There’s chatter within the community about a forthcoming user interface (UI) overhaul designed to attract a wider audience. Combined with new marketing campaigns, these moves could capture the attention of yield farmers and token enthusiasts hungry for the next big opportunity.
Potential Exchange Listings: Whispers in the community suggest that Wagyuswap may soon be listed on additional centralized exchanges, further enhancing liquidity and credibility. This can accelerate mainstream adoption and ignite a rapid climb in price.
Price Targets & Potential Upside:
Short-Term (1-2 Weeks):
After breaking out of the falling wedge, WAGYU could swiftly reclaim the $0.0012 – $0.0015 zone. This region represents the token’s first significant target and psychological barrier. A confident close above $0.0015 could embolden traders and trigger a second wave of buying pressure.
Mid-Term (1-3 Months):
As the market gains confidence and fundamentals align, there’s potential for WAGYU to test the $0.0020 – $0.0025 range. This scenario hinges on continuous ecosystem development, brand visibility, and improving overall market sentiment.
Long-Term Vision:
Should Wagyuswap’s cross-chain functionality, UI upgrades, and possible listings materialize, the token could capture a significant share of the decentralized exchange market. Early adopters could find themselves sitting on a token that not only breaks through previous highs but continues to appreciate as adoption and total value locked (TVL) expands.
Wagyuswap is at an exciting crossroads. Technical analysis suggests that a bullish breakout is on the horizon, while fundamental developments may soon ignite substantial hype and investor interest. In the rapidly evolving world of decentralized exchanges, WAGYU stands out as a hidden gem poised for a significant run. Keep an eye on the upcoming announcements and price action—this could be your chance to secure a position in a potential future leader of the crypto DEX space.
Velas (VLX) Technical Analysis & Market OutlookIf VLX manages to decisively break through the $0.0150 zone on strong volume, we could witness a sharp run-up toward the mid-$0.02 range and beyond. This would represent a significant percentage gain from current levels and could attract additional investor attention, turning VLX into a strong contender in the upcoming bull cycle.
Fundamental & Ecosystem Developments:
Beyond the charts, Velas has been steadily expanding its ecosystem. There’s growing anticipation around the team’s forthcoming technology upgrades, performance enhancements, and potential new partnerships. With advanced innovations in AI-driven blockchain efficiency and high-throughput capabilities, Velas is positioning itself as a key infrastructure player in the next wave of Web3 applications. Recent community buzz suggests that several dApps preparing to launch on the Velas network could boost user engagement and raise the platform’s visibility across DeFi, NFTs, and gaming.
Moreover, whispers on social media channels hint at upcoming strategic marketing campaigns and ecosystem grants that may attract talented developers from rival networks. As these moves become more public, expect a renewed wave of interest that could feed directly into a price surge.
The window of opportunity appears to be narrowing. VLX is currently trading at ground-floor prices relative to its historic highs. As the cryptocurrency market inches towards a new cycle of growth, Velas stands out as a strong candidate to outperform, thanks to its robust technology, upcoming ecosystem expansions, and improving market sentiment.
Imagine the Scenario:
A successful breakout from the ascending channel could catapult VLX back to its glory days, making the current price level look like a massive discount in hindsight. Savvy investors who recognize the early-stage accumulation phase might be set to enjoy exponential returns as VLX re-enters the spotlight.
Price Prediction (Speculative):
Short-Term (2-4 weeks): A quick push to $0.018-$0.022 if the current bullish setups confirm.
Medium-Term (1-3 months): With strong fundamentals and market tailwinds, VLX could retest $0.030, reviving the enthusiasm of early adopters and attracting waves of new buyers.
All signs—technical indicators, fundamental growth, and rising market chatter—point towards an exciting near-term rally for VLX. This is the kind of pivotal moment seasoned traders wait for: a fundamentally strong asset quietly accumulating, poised for a breakout, with big news and expansions on the horizon.
If you’ve been waiting to join the Velas story, now could be the time to hop on board before the rocket ignites. Strap in and keep your eyes on the charts—VLX may be on the verge of writing its next big chapter.
TOTAL2 - Fib and Channel Support0.786 fib shows a strong support point with prices continually being rejected to the bullish side
As price has dumped to this level I ask will this bump back up again as it has in the past?
This dump can also be plotted in with a long channel of the bull run we have been having, showing support at the bottom of the channel.
I'm still bullish over this temporary retrace
Cardano ($ADA) Dips 8% After Foundation’s X Account HackCardano ( CRYPTOCAP:ADA ), one of the largest cryptocurrencies by market cap, faced significant turbulence after the Cardano Foundation’s X account (@Cardano_CF) was compromised on Sunday. This breach resulted in false promotions and market concerns, triggering an 8% drop in ADA’s price. Here’s a comprehensive analysis of the incident and the technical and fundamental outlook for the coin.
The Hack and Market Sentiment
The compromised X account propagated false information, including:
- Promotion of a fake token, ADAsol: Claimed as a partnership between Cardano and Solana.
- False claims of ADA withdrawal halts: Allegedly tied to SEC actions, further amplifying market fears.
The Cardano Foundation promptly addressed the issue, urging users to disregard any posts from the hacked account. Despite this, the damage to market sentiment was palpable, as fear and uncertainty gripped traders.
Broader Implications
This incident underscores the vulnerability of social media platforms to cyberattacks, even for established blockchain entities. It also raises critical questions about the need for enhanced cybersecurity in the crypto ecosystem.
However, amidst the chaos, optimism persists. Whale activity has shown signs of accumulation, suggesting that large investors still hold faith in ADA’s long-term prospects. Additionally, Cardano’s strong monthly performance—166% gains—indicates the potential for recovery.
Technical Analysis
At the time of writing, CRYPTOCAP:ADA trades at $1.115, reflecting a 6.79% drop intraday. The coin’s immediate range shows:
- Intraday low/high: $1.15–$1.22
- RSI (Relative Strength Index): 49, indicating weak momentum but a potential buy zone for opportunistic traders.
Market Outlook
While the hack triggered bearish sentiment, ADA’s price action aligns with broader market trends. Bulls will need to reclaim $1.22 to resume the upward trajectory seen earlier in Q4. Meanwhile, sellers may dominate if ADA fails to hold above the 38.2% Fib retracement level.
The Road Ahead
The X account hack could continue to weigh on ADA’s price in the short term. Negative sentiment might lead to increased selling pressure, especially if there are delays in restoring the compromised account.
Long-Term Prospects
Despite this setback, ADA’s bullish fundamentals remain intact:
- Whale Accumulation: Signals strong institutional confidence.
- Q4 Market Optimism: Renewed interest in cryptocurrencies positions ADA for potential gains.
Conclusion
The Cardano Foundation’s X account hack has undeniably shaken market confidence, resulting in an 8% dip in ADA’s price. However, with strong fundamentals and signs of whale accumulation, the coin still holds promise for recovery.
Traders should closely monitor technical levels and broader market trends to navigate this volatile period. For long-term holders, ADA remains a compelling investment, backed by its ecosystem and community support.
ETH - Doing it AGAIN...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ETH has been bullish trading within the rising channel in red.
Currently, ETH is rejecting the upper bound of the channel, so a bearish correction is expected.
Moreover, the green zone is a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green structure and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #ETH approaches the blue circle, 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
Say It Back #Altseason
#Alts market cap TOTAL3 2021 #Altcoins rose 220% after breaking the 2018 ATH level ($358B), which was the major resistance before the parabolic run, reaching a local peak of $1.13T.
Major run will be inevitable after the breakout and retest of the 2021 ATH level of $1.13T is completed.
TradeCityPro | CFX : Breaking Out of Consolidation👋 Welcome to TradeCityPro!
In this analysis, I’m going to review the CFX coin. After consolidating for a long time within a box between 0.1147 and 0.1903, the price has finally broken the upper boundary of the box and is moving upward.
📅 Daily Timeframe: Multiple Resistances Above the Price
On the daily timeframe, after breaking 0.1903, the price gained strong bullish momentum, and a significant amount of buying volume entered the market. However, upon reaching the first resistance at 0.2572, the price failed to break through and is now consolidating below this level.
✨ The RSI oscillator is exiting the Overbuy zone. If it manages to remain or re-enter the Overbuy zone, the price could continue its upward movement.
📈 In case of a breakout above 0.2572, the next resistances will be 0.3564 and 0.5125. If the price manages to stabilize above these levels, the next target will be 1.0368, which represents the ATH resistance of this coin.
🔽 Correction Scenario
The first support level is at 0.1903, and the next one is at 0.1147, which is the final stronghold for buyers to maintain the price.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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IMX | ALTCOINS | Altcoin that CAN STILL +25%Immutable (IMX) is one of few good alts tat hasn't quite seen the parabolic increases that the rest of the altcoin market has seen.
IMX still has some room for growth until it hits the next major resistance zone, and even more if you consider the previous ATH at 4.6 (currently at 2$).
Make sure you don't miss the Bitcoin update, and why I say the ATH is in :
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BINANCE:IMXUSDT
SOLANA LOOKING ALL TIME HIGHS - SOL LONGPrice rejected strongly from the daily demand zone after running the daily swing liquidity. This move created a 4H demand zone. Following that, we saw a break of the bearish trendline, with a retest of both the trendline and the 4H demand.
I entered a position during this retest, even as BTC was aggressively dumping by over $10K, which is why I couldn’t share this idea in real time. However, I am already in this trade and targeting a bare minimum of $271 as the next level.