SUSHI - The Worst Is Yet to ComeLooking at this SUSHI/USDT weekly here and I believe the worst is yet to come, for this and some of the other alts as well.
Sushi took out the SOS highs, and then fell right back below them. That's a textbook re-distribution, which tells me that we have to take out the lows, at the very least.
On top of that, you have this measured move from the head and shoulders that lines up perfectly with the 1.618 down at $0.3777.
This is another "low volume coin" on Binance, similar to WAVES, OMG, and XEM. I believe it could also see a similar breakdown.
30 Day Volume is under $5m, just like the 3 that were already de-listed. Even if Sushi doesn't get de-listed, it could still drop just as heavily in the coming days.
If you are holding or trading Sushi, be careful!
Altcoins
Worried about holding Alts? Remember this chart!
The Alt market cap is currently showing strong support around the $1.112T mark. After a decisive breakout from the descending channel, we are now seeing a period of consolidation. This suggests a potential for further upside if support holds.
📈 Key Observations:
- Breakout from the descending channel indicates a bullish trend reversal.
- Support around $1.112T is crucial; maintaining above this level could lead to further gains.
- Watch the weekly close for confirmation of this trend.
Stay vigilant
Do hit the like button.
Thank you
#PEACE
Axie Infinity (AXSUSD): Eyeing a Key BreakoutOn the 12-hour chart for AXS, we've completed Wave 2 at the $5.82 level. Since then, we've been in a continuous upward phase, forming higher lows three times and now a higher high. This pattern suggests continued upward movement.
There are two key areas to watch: the 12-hour supply zone starting at $10.31 and the 12-hour demand zone at $7.50, which aligns with the current trendline. We expect the trend to continue upwards, particularly if the price touches the demand zone at $7.50, providing a potential entry point. Our target on the upside is the supply zone at $10.31. Whether the price moves beyond this level is uncertain and will require monitoring. The low volume between these zones suggests that the price could rise rapidly once it starts moving.
Analyzing the monthly VWAP for AXS, we see that the December VWAP provided resistance at a high of $8.70. The price tagged this level perfectly before falling back down. We believed the price might dip further to similar levels and he did. The demand zone started at $7.50 and extends down to $7.25. For us, the absolute maximum level to watch is the December VAL at $7.23, where we expect to find support. However, it's possible that the price could dip slightly lower to clear the liquidity from the last dip in early June.
Once this liquidity is taken out, we anticipate a potential push higher, aiming to break above the December VWAP. This setup provides a clear structure for potential entry points and targets based on current resistance and support levels. In summary, we are looking for an entry around the $7.50 demand zone, with an initial target at the $10.31 supply zone. Further movement will depend on market conditions and volume dynamics at that time.
Altcoin/Bitcoin AnalysisAs I always say, when I look at the ALT/BTC parity, not the Bitcoin price, I see a downward break in the 40th week of 2019. This breakdown may happen again, it is possible. After this breakout, I expect to see a scenario in which Bitcoin becomes in a channel. (70 - 50k) This scenario would also not be contrary to the macro perspective of the markets globally. Another chart that supports this scenario is the USDT dominance chart. We can think that this chart will reduce the price of Bitcoin as it rejects the uptrend and rises to decide the continuation of the trend. Seeing the rise of Bitcoin dominance in this process signals to me that some altcoins in particular will be hit hard. Therefore, there will be great bleeding in the altcoin market, except for the solid altcoins. However, the altcoins that survive this process will make ATH much more performant as Bitcoin reaches its 100k target.
BAKE / USDT my final entry I entered my final position in bake. I see this going past $1 this year. Check previous post on bake to see my full bake idea.
Please boost. If you want me to do TA on a coin for you, Dm the ticker and il do one for free :) as long as you follow me here on trading view. :)
BNB : NEW ATH !! What's NEXT FOR BNB ??BINANCE:BNBUSDT
Binance coin / BNB has recently made a new ATH 💥🚀 And the price doesn't seem to be ready to turn around just yet. How can we gauge the next possible targets AND retracements for BNB SHORT TERM?
1) Bollinger Bands
Bollinger Band Strategy is excellent to use on lower timeframes, especially when combined with Fibonacci zones. The yellow dot basis (20d Moving Averages) is a common zone to watch for retracements, as well as bounces. As long as the price is bullish, the basis will hold and act as support. The Fib lines up until the basis can be watches for bounce zones:
Notice that periods of contractions is followed by expansion - watch the upper red and purple lines for near term targets (price labels on the right).
2) Fibonacci
Trend based Fibonacci can be helpful to identify key zones that could likely act as resistance, for example:
If we can't close ABOVE the 2.618, we stand a risk to form a nasty M-Pattern, which could indicate the end of the bullish cycle.
3) Moving Averages
The price often corrects towards the moving averages in the daily timeframe. This could be a potential re-entry zone for a swing trade (not accumulation as the price is at the peak of the bullish cycle). Understand that you risk is HIGH if you're looking to buy here. If we lose the 50d (green trendline) that could mean the bullish cycle is coming to an end. You can see the bounce is slightly smaller every time it touches, indicating the end is potentially near:
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BTC D. forming a bear flag on the 4h chart.This is great news for the Altcoins you are holding.
When the dominance drops, the altcoins start to thrive. We can utilize this moment to take good profits on BTC because the price might also drop.
it's a good time to start investing your bags into some of the top 100 or 200 Altcoins, so fasten your seatbelt, grab some popcorn, and watch the show revealing itself!
BINANCE:BTCUSDT and CRYPTOCAP:BTC.D
GameStop(GME) Is Ready for Pump🚀➕250%🚀🔥Today, I want to analyze the GameStop(GME) project for you. After being listed on some exchanges , it has increased its price by more than ➕3,900% in the last three days.
📚What is GameStop(GME)❗️❓
🔸 GameStop(GME) on the Solana network is a meme paying tribute to the 2021 short squeeze of GameStop.
🌊According to the theory of Elliott waves , GameStop(GME) seems to be completing microwave 4 of the main wave 3 .
🔔I expect microwave 4 of the main wave 3 will complete in the 🟢 Support zone 🟢, and the GameStop(GME) will start to increase again (🚀➕250%🚀) .
@TradingView has added new features, one of which is the Volume Candles chart . I suggest you use TradingView's new features .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
GameStop Analyze (GMEUSDT), 4-hour 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.
$TOTAL 3 or ALTCOINS are looking betterCRYPTOCAP:TOTAL 3 = NO CRYPTOCAP:BTC or CRYPTOCAP:ETH > is about to go nuts, IMO.
We spoke on the #BTC top some time ago & many #ALTCOINS cratered 50%+ after that. OUCH.
Since then, we have turned somewhat bullish, few weeks ago.
RSI looks okay & $ Flow bettering.
IMO look into #crypto #AI & #Gaming
Notcoin(NOT) Analysis===>>(RR:2.27)Notcoin(NOT) has succeeded in breaking the Downtrend line .
Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
According to the theory of Elliott Waves , Notcoin(NOT) has successfully completed 5 waves .
I expect Notcoin(NOT) to rise to the targets I have outlined in the chart.
Note: An important point you should always remember is capital management and lack of greed.
Notcoin(NOT) Analyze (NOTUSDT), 15-minute 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. [/b
Kaspa good chance for long Currently showing strength, but I am leaving some capital for the monthly plus weekly level. For futures trade you need to see a higher high for safety. I certainly expect much more prices for Kaspa.
Where the bottom will be will be decided by the market. You can see the zones where I follow, so I will make an update
CRONOS: THIS ALT can EASILY +100% From Here - CROUSDTCOINBASE:CROUSD
Cronos is an altcoin that I've been bullish on since the beginning for the year, and we've already seen our first two TP Point (Take Profit Points) hit, UP +40%.
The good news is that CRO still has HUGE upside potential, with the next TP +100% from where the price is currently trading in accumulation zone.
In the 4h, we see a clear reversal and turn towards the upside, indicating bullish momentum showing up in the short timeframes. This is as good as it gets buy zone, because we have just finished our correction and successfully retested the 50d Moving Averages in the weekly timeframe:
This could take some time to play out, but patience is your friend!
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NEUTRON $NTRN local Double bottomAfter a healthy correction of around -70%
(totally normal for a S coin)
we have technical basis for a recovery rally
A double bottom with bullish RSI divergence
A down trendline break
With a general altcoin rally I expect this to be trading back in the 1 dollar plus area soon enough.
CRO Macro Accumulation / Comprehensive AnalysisCRO just put in a bottom here, and I'm going to give you a full breakdown.
First, we have a macro Accumulation finishing up the last stages right before the markup. These have been playing out with huge pumps on many of the other altcoins, and this time we caught it very close to the bottom.
Next up, we have our Elliott Waves. CRO just finished retracing Wave 4 onto the top of Wave 1, which is perfect according to the EW rules. We should be seeing a Wave 5 up to $0.42662, which also coincides with a major monthly supply.
Finally, we have our ideal entries and take profit levels. I put in a market order since I believe we are already bottomed out, however if the price comes down any lower, here are my additional entries:
$0.1018, $0.09645, $0.8414, $0.07495
Our partial take profit levels on the way up:
$0.2317, $0.2637, $0.30, $0.3716
Follow us for more trade setups this altcoin season and make sure to come back and let us know how much you made on this setup!
-Pat
DigiLex, LLC
President & CEO
XLM higher high. 1.10$Combining Artificial Intelligence (AI) with Stellar Lumens (XLM) can create synergistic advancements in the blockchain and financial technology sectors. Here’s a detailed overview of how AI and XLM can intersect and the potential future impacts:
### Enhancing Stellar Lumens with AI
1. **Fraud Detection and Security**:
- **AI-Powered Monitoring**: AI can analyze transaction patterns on the Stellar network to detect unusual activities, potentially identifying and preventing fraud before it happens.
- **Smart Contract Security**: AI can help in auditing smart contracts deployed on the Stellar network, identifying vulnerabilities, and ensuring robustness against attacks.
2. **Automated Trading and Investment**:
- **Algorithmic Trading**: AI algorithms can be used for automated trading of XLM, optimizing trading strategies based on market data, sentiment analysis, and predictive modeling.
- **Robo-Advisors**: AI-driven robo-advisors can provide investment advice and manage XLM portfolios for users, tailoring strategies based on individual risk profiles and market conditions.
3. **Optimizing Network Performance**:
- **Load Balancing and Resource Allocation**: AI can dynamically adjust resource allocation and manage network load to ensure optimal performance and reduce transaction latency.
- **Predictive Maintenance**: By predicting potential network issues, AI can help preemptively address problems, maintaining the reliability and efficiency of the Stellar network.
### AI Applications Utilizing Stellar Lumens
1. **Cross-Border Payments and Remittances**:
- **Automated Exchange Rates**: AI can provide real-time exchange rate predictions and optimizations, ensuring users get the best rates for cross-border transactions using XLM.
- **Personalized Payment Solutions**: AI can offer tailored payment solutions based on users’ transaction history and preferences, improving user experience.
2. **Financial Inclusion**:
- **Credit Scoring**: AI can analyze non-traditional data to provide credit scores for underbanked populations, enabling them to access financial services through the Stellar network.
- **Microloans and Insurance**: AI can facilitate the provision of microloans and microinsurance products by assessing risk and potential for repayment, thereby aiding financial inclusion.
3. **Data Analysis and Insights**:
- **Market Analysis**: AI can analyze vast amounts of data from the Stellar network to provide insights into market trends, user behaviors, and transaction patterns.
- **Regulatory Compliance**: AI can help in monitoring compliance with regulatory requirements, ensuring transactions on the Stellar network adhere to necessary legal standards.
### Future Potential and Developments
1. **Decentralized Finance (DeFi)**:
- AI can enhance DeFi applications on Stellar by providing predictive analytics, optimizing yield farming strategies, and managing risks associated with decentralized lending and borrowing.
2. **AI-Driven DApps**:
- Development of decentralized applications (DApps) on the Stellar network that leverage AI for various purposes, from financial services to supply chain management.
3. **Interoperability and Integration**:
- AI can facilitate the interoperability of Stellar with other blockchains and financial systems, ensuring seamless integration and data exchange across platforms.
4. **User Experience and Adoption**:
- AI-driven interfaces can improve the user experience of Stellar-based applications, making them more intuitive and accessible, thereby driving adoption.
### Conclusion
The integration of AI with Stellar Lumens (XLM) holds significant promise for enhancing the functionality, security, and adoption of the Stellar network. By leveraging AI, Stellar can offer more efficient, secure, and user-friendly financial solutions, driving innovation in the blockchain and fintech spaces. The collaboration between AI and XLM can potentially revolutionize how financial transactions are conducted, making them more inclusive, accessible, and efficient.
TRADE The CHOP: 3 Ways to Make ATLEAST +15% Choppy markets are identified by low volume and sideways trading / range trading. It seems uninteresting in most cases, but you don't have to sit around and wait for the next big impulse wave!
Here are three plays YOU can take during choppy markets:
1) 4H : Short Resistance
Chop trading can be a blessing - the price often touches the same support zone and the same resistance zone 2 - 3 times, before breaking out either way. This means that if you spot your zone early, you could take a short timeframe swing trade. Another way to find a trade is to look for gaps in the candles:
2) 4H : Long Support
South Africa is in a time of turbulence, and the Rand is weak as the country anticipates who will join forces to govern in the next two weeks. Analysts are expecting the Rand to hit R20 per USD as investors shy away from uncertainty.
But we can keep it modest and low risk with a 10x TP at R19 😉
3) Daily : SPOT Hold to TP Zone
Nothing like a classic low risk trade - but you may need some patience with it! If you're not willing to look at charts all day, or have alarms wake you up at 2:30am to take a trade then this is your style.
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FX:USDZAR POLONIEX:SOLOUSDT NASDAQ:PYPL BINANCE:SHIBUSDT
PEPE : All Time High STILL COMING! Here's WhyBINANCE:PEPEUSDT 🐸
I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far.
Assuming that corrective wave 3 - 4 (current wave) retraces as low as point 1 (BUT NOT LOWER), this put's our formula roughly as follows:
It's important to note that Elliot Wave theory follows strict rules, and it's usually a multi-month playout. This means that there might be many weekly candles before finally turning around to complete the final wave 4 - 5.
For a SHORT TERM analysis on PEPE, see here👇:
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Zcash Turbulence Ahead: 2025 BreakoutZcash is a cryptocurrency network that launched in October of 2016. Like other cryptocurrency networks (e.g. Bitcoin or Ethereum), Zcash allows anyone with a computer and an Internet connection to send and receive scarce tokens that can be used like cash on the Internet. The software that powers Zcash is directly derived from Bitcoin’s core software, but it has been modified in order to enhance user privacy.
The members of the network who relay, validate, and bundle user transactions into blocks are, like in Bitcoin, commonly called miners. These miners are rewarded for honest participation with transaction fees and newly minted Zcash, and they must solve a difficult math problem (similar but distinct from Bitcoin’s mining algorithm) in order to earn the privilege of participation. As with Bitcoin, anyone can be a miner on the Zcash network, all they need is an Internet connection, a reasonably powerful computer, and the free and open source Zcash software. Zcash is an open blockchain network.
Liquity / LQTY & Binance The price of LQTY is $2.3 today with a 24hour trading volume of 80 million dollars. This represents a 80% price increase in the last 24 hours and a 250% price increase in the past 30 days. With a circulating supply of 91 Million LQTY, Liquity is valued at a market cap of 200 million dollars thanks to CZ!
Liquity is a decentralized borrowing protocol built on Ethereum that utilizes LQTY, a USD-pegged stablecoin. Ether holders can draw loans in the form of LQTY with algorithmically adjusted redemption and loan issuance fees
as you see LQTY whales are notorious for dumping on retails so don't forget the stop loss(rug). next targets are 2.7 and 2.9$
STX Accumulation / Massive Pump IncomingSTX has a perfect accumulation that just put in a spring right here. We're right near the bottom of what's about to become a massive pump. Altcoin season is in full swing and this is the next top gainer! TD Sequential has 789 on the daily and oscillators are showing daily bullish divergence.
Notcoin(NOT) Analysis==>> Symmetrical TriangleNotcoin(NOT) is moving in a Symmetrical Triangle Pattern .
According to the theory of Elliott waves , it seems that Notcoin(NOT) is completing the last wave(Y) of the Double Three Correction(WXY) .
I expect Notcoin(NOT) to break down to at least the Support zone and the Uptrend line .
Note: If Notcoin(NOT) is able to break the support zone, we can expect more dumps.
Note: An important point you should always remember is capital management and lack of greed.
Notcoin(NOT) Analyze (NOTUSDT), 15-minute 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.
Looks Interesting HereTraders,
Though the alts are waiting on Ethereum for confirmation of further price direction, Storj looks like it's found its support and local low here. It's been in this accumulation phase/channel since April and both the RSI and AO are suggesting is is time to run. Also, after breaking the upside of that huge bullish triangle, we have already gotten the retest out of the way. I don't know where it goes from here but I can imaging doubling would not be out of the question.