Venus? Moon? Who Cares?XVS, also known as Venus, has experienced a sudden price surge and an increase in volume. As a result, I have identified two potential demand zones.
These zones are based on the assumption that they could act as strong support levels, where buying interest might re-emerge due to the current momentum and the underlying market structure.
If the price retraces to these zones, they could provide an opportunity for a rebound, as they represent areas where buyers might step in again to drive the price higher.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Altcoins
AMP | Where to Join ?There is no need to be fomo, the parity has a characteristic that can provide good transaction opportunities. I want to be involved with the down pin in the order flow because you see the pins, ordering the blue boxes makes sense for now.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
IQUSDT | Smart PlanThis is a good place to join if we continue to rise, but if we are to see a pullback, it could come below $0.70.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Total3 chart breaking up from inverse head & shoulders patternThis is the chart that is every altcoin except for ethereum. Bitcoin is also not factored in. We can see it appears to have broken upward from the inverse head and shoulders pattern and the breakout target should be around 1.27 trillion. We also currently have the potential for a cup and handle to be formed with an even bigger breakout, but I want to see an actual handle forming first before I post a target for anything like that. *not financial advice*
LUMIA | GOOD FUNDAMENTALSLumia is a good project, I want to get involved somewhere and blue boxes looks nice.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Bitcoin Dominance Down and Alts PUMP!Bitcoin dominance or BTC.D has been on a rip for a while now but as we start to see more altcoins pump its fair to see the correlation of bitcoin dominance dropping. Sideways is also good, but if this looses the major support and starts to drop I expect to see further liquidity moving into altcoins at speed.
Now it could bounce back up and continue higher, which would indicate the move for bitcoins not nearly over. I am keeping lots of alt-positions, taking profit in part on pumps but leaving some moon bags for when BTC.D eventually drops and alts go wild.
NOT FINANCIAL ADVICE
Happy trading
Phemex Analysis #38: How to Capitalize on ETH's Bull Run!As Bitcoin's recent price surge has begun to falter, with negative inflows into Bitcoin ETFs over the past two days, a shift in investor sentiment towards Ethereum has emerged. Positive inflows into Ethereum ETFs suggest that smart money is increasingly turning its attention to the world's second-largest cryptocurrency. This phenomenon aligns with historical trends where Ethereum often follows Bitcoin's lead during bull markets.
How to Enter the Ethereum Market
For those who believe in Ethereum's long-term potential, here are a few strategies to consider:
1. Buy the Dip:
Initial Support: $3255
Strong Support: $3030
If the price dips to these support levels, it could present a good opportunity to buy ETH at discounted price.
2. Buy the Breakout:
Resistance Level: $3550.
If Ethereum breaks above this resistance level, it could signal a significant upward move.
3. Dollar-Cost Averaging:
A more conservative approach involves buying Ethereum gradually over time, regardless of short-term price fluctuations.
Maximizing Your Ethereum Holdings
For those already holding Ethereum, consider these strategies to potentially amplify your returns:
1. Long Position on ETH/BTC:
By utilize ETH as margin & going Long on ETH/BTC, you can leverage Ethereum's potential to outperform Bitcoin. This strategy allows you to profit from both the absolute price increase of Ethereum and its relative strength against Bitcoin.
2. Grid Trading:
Likewise, by using ETH as margin & utilize Phemex's Grid Trading bot. You can capitalize on small price fluctuations and generate consistent profits, through automatically buying low and selling high, even in sideways markets.
Conclusion
As Ethereum continues to demonstrate its strength and potential, it presents a compelling investment opportunity. By carefully analyzing market trends, understanding key support & resistance levels, and implementing effective trading strategies & advance tools, investors can position themselves to capitalize on Ethereum's bullish momentum.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Cryptocurrency analysis of the near futureWe saw a small correction of BTC/USDT on the 25th of November as it was overbought in my opinion. Right now we are in an uncertain situation and I advise to trade carefully.
In this chart we look at the 1h timeframe of BTC/USDT since the correction. There is a strong support at the ~91'500 mark and if this zone can hold and will break the minor resistance at ~95'000 we might continue to go upwards. If this support zone breaks the price can fall lower and I would start a short trade in the crypto market as a whole because it also drags the altcoins down.
Let me know what you think will happen in the near future. Trade carefully!
Cronos (CRO)📊 Overview of Analysis
The cryptocurrency CRO, recognized as one of the high-potential assets in the crypto market, entered a downward trend and moved into a descending channel following a significant drop. After testing the weekly support level, the price shifted into a new descending channel with a gentler slope.
🕰 Daily Timeframe Analysis
🔸 Current Status:
After breaking through the descending channel's resistance and the weekly resistance, the price is undergoing a pullback toward the broken channel.
🔸 Price Targets (Fibonacci Levels):
First Target: Level 1.618, already achieved.
Next Target: Level 2.618, if the price consolidates above the green zone.
Long-Term Target: Potential movement to the Over-Extended level if the RSI's orange zone resistance is broken.
📈 RSI Indicator Analysis
🔹 The RSI suggests that a breakout above the orange level could act as a trigger for further upward momentum, pushing the price toward higher targets.
💡 Conclusion
The upward trend remains strong, contingent upon stabilization above key levels.
Risk management is crucial, especially with possible pullbacks toward lower levels.
💬 Note: Always combine technical analysis with thorough research before making investment decisions.
BTC - What if #1What a move corn, what a move.
Although it's a what if for, becomes an expectation when i see that bear div on rsi.
An impulsive move like this may very well complete as diagonal, and when you see diagonals at the highs with HTF divs, you run away.
If that happens to work, i'd not think for a second to buy that dip as the expection should be new highs, but i'd not be married to that idea - which takes me to the 2nd idea :
TOTAL2 - Monthly MA Intact Each move in white is the beginning of a bull run, a move that shows strength followed by a short term move back down towards the 50MA.
The MA acts as support and allows the TRUE breakout to be revealed, we will see the bullish action for real in 2025.
What are your thoughts on how high this altcoin chart will go on this Monthly chart?
AVAX SWING LONG IDEA - ALTSEASON 2024-2025AVAX made a pretty parabolic move upwards, and unfortunately, it didn’t give us an entry from the bearish trendline break retest, which I was waiting for to initiate the trade.
Currently, the price seems to have lost its momentum. I believe we’ll see a retracement into the daily demand zone (blue box), which aligns with the equilibrium level of the entire leg up—making it a key level for me. This is the first entry zone, and I plan to initiate the trade there with half position size around the $35.5 level (purple scenario).
The second entry zone is $30.4, as this level is built from weekly demand and sits below the daily swing liquidity, where I assume a significant amount of sell stops are likely resting. If I were a market maker for AVAX, I would definitely look to visit and grab that liquidity before driving the price to new highs (black scenario).
I believe these zones are the last opportunities to initiate a swing long trade, as I anticipate crazy pumps soon that will likely push the price beyond these levels for good.
I will be holding this position as a swing trade.
Cardano Breaks Ground with First ZK Smart ContractCardano ( CRYPTOCAP:ADA ) is making waves in the blockchain world with a groundbreaking advancement: the launch of its first Zero Knowledge (ZK) smart contract on the mainnet. This milestone marks a significant step in Cardano’s journey toward enhanced scalability, cost-efficiency, and competitiveness in the Layer-1 blockchain space.
The Cardano ZK Smart Contract Advantage
Cardano’s core developer, Sebastian Guillemot, announced the successful execution of the first ZK transaction using Plutus v3. This launch paves the way for zkApps and partnerchains, unlocking faster and more secure transactions. The low transaction fees, such as 0.16 ADA for token locks and 2.03 ADA for unlocking, highlight the protocol’s cost-effectiveness compared to other chains.
Zero Knowledge technology enhances privacy and scalability by enabling transactions without revealing sensitive data. This puts Cardano on par with Ethereum's scaling solutions, positioning it to attract developers and enterprises looking for efficient decentralized applications (dApps).
The Road to Innovation
Cardano's journey toward ZK implementation has been methodical. This achievement follows a series of strategic upgrades, including the Hydra Layer-2 scaling solution. The latest Halo2 ZK Proof campaign demonstrated Cardano’s potential to handle complex transactions, verifying 50 out of 50 signatures successfully.
These advancements align with Cardano's vision of providing a scalable, secure, and cost-efficient platform. The ZK integration strengthens Cardano's competitive edge against rivals like Ethereum and Solana, especially as ZK technology becomes a standard for blockchain scalability.
Technical Outlook
Despite the bullish news, ADA’s price has faced a setback, currently trading around $0.9220—a 7.37% drop in the past 24 hours. This decline is part of a broader market correction, reflecting the crypto market's volatility.
Key Technical Indicators:
- Relative Strength Index (RSI): Holding at 68, indicating that CRYPTOCAP:ADA is neither overbought nor oversold. However, the recent surge to over $1 has left the coin vulnerable to a short-term retracement.
- Support Levels: The 38.2% Fibonacci retracement level at $0.83 is a critical zone to watch. If ADA holds this level, it could serve as a springboard for a rebound.
- Resistance: CRYPTOCAP:ADA needs to reclaim the $1 mark to solidify its bullish momentum. A break above this level could pave the way for further gains, especially if market sentiment improves.
Building for the Future
Cardano’s focus on ZK technology reflects its long-term vision. By addressing key issues such as transaction scalability and cost-efficiency, Cardano is positioning itself as a formidable player in the blockchain ecosystem. The platform’s robust development roadmap and continuous upgrades signal a strong foundation for future growth.
Conclusion
While ADA’s current price action reflects market-wide consolidation, its fundamental advancements, particularly the ZK smart contract integration, paint a promising picture. Investors should watch key support and resistance levels closely, as ADA’s performance will likely mirror broader market trends.
Cardano’s innovation-driven approach could set the stage for significant growth, making it a project to watch as the crypto market evolves.
Will 90k Hold Bitcoin?Alright, so we couldn't quite tag 100k. Not surprising. 100k is huge psychological resistance and we can now see from on-chain data that long-term hodl'ers, which is defined as anyone who hodls BTC for 6+ months, have started to sell more rapidly as we approached that price point. So, we got our pullback as expected. Now, the question is how far down do we go? Will 90k hold us? Or will we go lower? Let's explore these questions a bit in this post using some basic technical analysis combined with our knowledge of past historical price action at the beginning of a bull run.
First, let's review where some of these trendlines on my chart actually come from.
That pink ascending trendline was made by connecting the wick top in April of '21 to the wick top in November of '21 and then extending it out infinitely to the right. In my last post, I stated that it would act as resistance. It did. But I also was unsure that it would hold us below for more than a few days. It didn't. There was enough hype in the market to break us to the upside. Now that same line should act as support. I would expect it to hold us up at least through Thanksgiving weekend here in the U.S. This may give altcoins enough time for one final pump.
And as long as Bitcoin decides to remain above that line, altcoins should continue to shine.
But, if Bitcoin's price decides to break below our trendline (I estimate that this will not occur until after this weekend), then altcoins will pull back more drastically as Bitcoin descends further.
So, if Bitcoin breaks below 90k, where will it go?
My guess will be that we drop to that second pink trendline below us somewhere around 75-76k. That trendline was drawn similarly to the way I drew the upper pink trendline. I drew a line from the wick high of November '21 to the wick of our most recent high of March this year. I then extended the line to the right. You can see from the chart that this was also a significant trendline because once the price broke above it, it sent, confirming the significance of the trendline.
Now, the rationale for my timeline and potential drop increments includes the fact that markets tend to stay optimistic over the holidays here in the U.S., especially when we are in the beginning stages of another bull run. And that we are. Therefore, if we do drop further, I wouldn't expect this to occur until after Thanksgiving weekend.
In bull runs, it is quite common to see 20%+ pullbacks while we move up. A drop to 76k would meet this historical pattern.
Again, I don't have high conviction that we actually will drop to 76k, therefore, I am not shorting. But I am a bit softer on the longs at this point and have all my stops at appropriate placement. Subs, check the tracker for those details. My current stable holding is around 40%.
Let's see how this all plays out.
✌️ Stew
BTW, I haven't mentioned it in this post, but my year-end target is now 102-109k. And yes, even with any pullback, I still believe we'll get there. I'll write more about this in a future post.