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Ethereum on the Rise, Poised for a Bullish BreakoutBINANCE:ETHUSDT has been showing strong recovery patterns recently, and the technical indicators align with a potential bullish move in the coming months. On the weekly chart, COINBASE:ETHUSD has reached the bottom of an ascending channel, which historically has acted as a strong support zone. This $2K region is not only a psychological barrier but also a key support level that was previously a resistance. As ETH continues to hold above this zone, a rise toward its all-time high (ATH) becomes increasingly probable. Recent data suggests that 2024 could witness a broader crypto bull run, driven by Ethereum and other major assets. Analysts are optimistic about increased adoption cycles following 2023’s groundwork. Ethereum could benefit from market-wide positive sentiment as key events like Bitcoin’s upcoming halving and ETF inflows are expected to drive demand for cryptocurrencies. With the technical alignment and favorable market conditions, ETH is well-positioned to see significant growth, potentially targeting levels near EUROTLX:4K as it continues its rise within the ascending channel. This rally could be bolstered by investor confidence in the broader cryptocurrency market as new financial products and solutions drive further participation.
Long
by Sober_Trading
4
TOTAL3-USDT - RISK ON - ALTSEASON IS HERE!This will be the most important Weekly Close of the cycle for Altcoins. TOTAL3-USDT has shown a “3 White Soldiers” pattern and broken out of its Bull Pennant and Bull Market Support Band. RSI has also flipped bullish. The last time this happened Q4 2020, Alts ripped ~1,100% over a 1 year period. This rally has been fueled by the Fed announcing a massive 50 Bps Rate Cut, with PBOC doing the same shortly after. More rate cuts are expected November 6th and December 17th to push risk even further. Get ready for all your normie friends to start messaging you asking for crypto advice. I personally have experienced this the past week.
CRYPTOCAP:TOTAL3Long
by jonnieking
DOGE PARABOLIC?? First, watch for these TWO CONDITIONS Dogecoin has been one of my top altcoins to watch for 2024, and it's likely going to be a key player in the parabolic runs during the next impulse wave UP. If you've been following for a while, you'll know I've been anticipating impulse wave 4-5 around December ( according to Elliot Wave Theory). Across many altcoin charts, we see very clear bottoms as the prices are making their way to the fist major resistance zones. We see it HERE, on Avax: HERE on FETCH: And even on ADA, Here: ______________________________ BINANCE:DOGEUSDT
Long
by CryptoCheck-
2
SOLANA - Second Wave Incoming?Everyone's favorite altcoin, at least in this cycle! Let's study CRYPTOCAP:SOL 's behavior so far and see how much gas it has left in the tank. Macro View The month is looking promising! It's currently trading above previous month high and 2023 yearly open (key level) . What does this mean? Two possible outcomes: The trend will stall for another three months before reaching new ATH (all-time highs). The trend will issue a new bullish signal at the close of this month if it reaches $200.21. The latter scenario has a higher probability, so let's explore it a little further If the trend confirms within this month - let's say it doesn't but August does print the bullish signal - the price targets will be at $438 and $1,531 if things pick up nicely. The second target remains within reach as the consolidation period features multiple equal highs. This calls for a strong move to the upside once things line up, as they are doing now. Actions to take: Bid this near $170 and have some last bids at the current monthly open ($148 - $152) Add to spot buys if price hits $200 before the July monthly close. Trade is meant to be long term, so be patient as I still think it presents the best and safest setup. Below $140 the idea is invalidated :(.
Long
by ZelfTrade
1
Bitcoin 20k **Bitcoin Shark** (Tune: Baby Shark) Bitcoin, doo doo doo doo doo doo Bitcoin, doo doo doo doo doo doo Bitcoin, doo doo doo doo doo doo Bitcoin Shark! Buy the dip, doo doo doo doo doo doo Buy the dip, doo doo doo doo doo doo Buy the dip, doo doo doo doo doo doo Bitcoin Shark! To the moon, doo doo doo doo doo doo To the moon, doo doo doo doo doo doo To the moon, doo doo doo doo doo doo Bitcoin Shark! HODL strong, doo doo doo doo doo doo HODL strong, doo doo doo doo doo doo HODL strong, doo doo doo doo doo doo Bitcoin Shark! Decentralized, doo doo doo doo doo doo Decentralized, doo doo doo doo doo doo Decentralized, doo doo doo doo doo doo Bitcoin Shark!
BITSTAMP:BTCUSDShort
by TrojanBible
Phemex Analysis #25: PT going for New ATH?!PHEMEX:PTUSDT.P has been making waves in the crypto market, and its recent price action has caught the attention of many investors. After a healthy retracement to the $0.93 level, PT staged a powerful comeback, rallying by a substantial 40% to its current trading price of $1.34. This surge has brought PT dangerously close to its previous all-time high (ATH) of $1.3696, setting the stage for a potential new record. Roadblocks and Opportunities As Phemex Token (PT) approaches its ATH, it's encountering some resistance at the $1.3696 level. Multiple attempts to break through this barrier have been unsuccessful, leading to temporary pullbacks to the $1.30 level. However, this resistance also presents a buying opportunity for those who have been waiting on the sidelines. For investors who missed out on the initial rally, buying near the $1.30 level could be a strategic move. It allows you to potentially capture further upside as PT attempts to break through its ATH. However, it's crucial to implement a stop loss below $1.30 to protect your investment in case the price reverses. Playing the Dip If the price does reverse, there are potential buying opportunities at lower levels. Strong support levels exist at $1.20 and $1.07. Buying on dips at these levels could offer a good entry point, especially if the overall bullish trend remains intact. Fundamental Strength Beyond the technical analysis, Phemex's fundamentals are also looking promising. The exchange has been gaining traction and performing well, and its SocialFi platform, PULSE, is making waves in the SocialFi sector. This positive fundamental outlook strengthens the case for PT's continued growth. Conclusion Phemex Token (PT) is in a strong position, having recently surged 40% and approaching its ATH. While there is resistance to break through, the potential rewards for investors who time their entry correctly could be significant. By carefully considering the technical analysis and fundamental factors, you can make informed decisions about whether to invest in PT and at what price point. Tips: Armed Your Trading Arsenal with advanced tools like multiple watchlists, basket orders, and real-time strategy adjustments at Phemex. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Try it out Today! 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.
by Phemex
ETH - Bullish Control Persists!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our latest analysis, attached on the chart, ETH has rejected the $2,000 - $2,150 support zone and has been trading higher since then. What's next? For the bulls to take over long-term and push towards the $4,000 mark, a break above the $3,000 resistance is needed. Meanwhile, the $2,850 - $3,000 zone would be acting as a resistance. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
ONDO BREAKOUT Since the beginning of June ONDO has been in a downtrend that saw a -66% move to the downside. Now 111 days later price has broken out of the trend channel, showing a +15% move from the breakout. The daily candle is currently trying to close above the 1D 200EMA, a convincing close above the MA would be extremely bullish having now cleared the major resistances and the trend is flipping bullish. Bullish targets would be: - Local high (LTF) $0.808 - Daily resistance (1D) $0.901 - Key S/R level (1D) $1.048 - ATH $1.50 Stop Loss: - Local low (downtrend continuation) $0.58 ONDO being one of the standout RWA projects has a great R:R here for the next 6-12 months. Definitely a coin worth keeping an eye on.
by ProR35
2
Phemex Analysis #24: The UXLINK Rocket Takes Off!!PHEMEX:UXLINKUSDT.P has been on a scorching hot streak, skyrocketing from a modest $0.28 to a staggering $0.74 in just a few days. While there was a brief pullback, the token quickly regained its momentum, suggesting a strong underlying bullish sentiment. Is UXLINK Bound for New Heights? The big question on everyone's mind is: Will UXLINK continue its upward trajectory and break its all-time high? Or has the rally lost steam? Let's dive into the technical analysis to shed some light on this. Key Price Levels to Watch: 1. Breakout: The recent breakout above the $0.68 resistance level is a significant bullish signal. It suggests that buyers have overcome a key obstacle and are driving the price higher. 2. Next Hurdles: The immediate resistance levels to watch are $0.71 and $0.74. If UXLINK can break through these levels, it could signal further upside potential. 3. Potential Pullback: A short-term pullback after the breakout could offer a buying opportunity for those who missed out on the initial rally. However, it's important to monitor volume and other technical indicators to ensure that the pullback is healthy and not a sign of a reversal. 4. Strong Selling Pressure: Be cautious of potential selling pressure at the $0.71 resistance level. This level has historically been a significant hurdle for UXLINK, so it's possible that sellers may try to defend it. Watch for volume and RSI indicators to gauge the strength of the move. If volume is high and RSI is oversold, it could suggest that buyers are still in control. 5. Support Level: If UXLINK fails to break through $0.71, it could find support around the $0.51 area. This level has been a previous support area, and it's possible that buyers may step in to defend it if the price falls. BTC's Influence: Remember, the broader crypto market, especially Bitcoin, can significantly impact altcoins like UXLINK. If Bitcoin embarks on a bullish run, it could further fuel UXLINK's rally. Conversely, if Bitcoin experiences a correction, it could put downward pressure on UXLINK. TIPS: Don't Forget About PULSE! While UXLINK and FARCASTER are making waves in the SocialFi space, don't overlook PULSE. As the first SocialFi token backed by a top-tier crypto exchange, PULSE has immense potential for growth. And the best part? You can earn PULSE tokens for free by participating in community events, creating groups, and sharing quality content. Check out PULSE today and discover the hidden gem that could deliver 100x gains. 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.
by Phemex
The Meme Gold Rush: $MEW is Your Next Play!As things are picking up, we should focus on maximizing returns on the narratives. So far, $POPCAT and NYSE:CAT are looking strong. I believe some tokens will continue to rise over time, especially with the strength coming off #memes. I expect $MEW to be the next one to watch. Personally, I prefer to stick with the clear frontrunners rather than chase after the next big mover, so I'm planning to invest half of what I put into NYSE:CAT and $POPCAT for this one. The structure is solid, and when we compare it with other L1s and L2s, the potential for gains outweighs the risks. Let’s wait for a slight retrace to make our move.
Long
by ZelfTrade
2
FETCH AI - Bullish Pattern : Inverse H&SThere's a few reasons to be bullish on FETCH right now: 👉 Bullish pattern in the daily timeframe; inverse Head and Shoulders 👉 Daily TF price is trading ABOVE 200 day moving averages - bullish technical indicator 👉 Support zone retested and held 👉 Great pick for TOP AI Coins 2024 I'd be watching the Fibonacci zones as potential targets for the next impulse wave up, given BTC will likely lead us there. ___________________________ BINANCE:FETUSDT
Long
by CryptoCheck-
23/09/24 Weekly outlookLast weeks high: $64,141.61 Last weeks low: $57,492.86 Midpoint: $60,817.24 Pattern continuation for Bitcoin from the week that came before last, steady and constant move up +11.55% from week low to high. The FOMC was the big talking point of the week, would the FED cut 25bps or 50bps, the answer was 50bps with a view to stay ahead of the curve. Making the rate of borrowing cheaper incentivises risk-on investment and so we have seen the start of that with the recent move up from the midpoint/ Having said that, typically when the week starts by swing failing the previous weeks high that often leads to a sell off week historically. This would go against the larger macro narrative that the market is turning back bullish after 6 months of chop. If anything this is the perfect test for Bitcoins resolve, if it overcomes a swing fail and continues a move up then the sentiment and macro outlook will be very positive going into Q4. $65,000 is still major resistance and should be the bullish target to flip this week. The altcoin market is starting to wake up, should BTC accumulate around the $65,000 area I'd like to see alts/TOTAL3 playing catch-up. If BTC flips the $65,000 with strength we are off to the races.
by ProR35