USDT.D Analysis: $ Dominance Dips, Opening Doors for Crypto?Hey traders,
Let's dive into Tether Dominance CRYPTOCAP:USDT.D and see what it might mean for the crypto market.
Channel Cracked:
USDT.D used to chill in a monthly channel for a while. But recently, it decided to break free, potentially paving the way for a continued decline in dollar dominance, reaching the next weekly resistance level.
RSI Bouncing Back (Maybe):
The Relative Strength Index (RSI) just stepped out of the oversold zone. This could signal a potential price bounce or a period of consolidation (think of it as the market taking a breather).
Crypto on the Rise?
As long as dollar dominance keeps falling, more money might flow into cryptocurrencies, potentially pushing their prices up.
Bitcoin's Buddies:
If this dollar decline happens alongside Bitcoin price fluctuations and a dip in its own dominance, we could see altcoins surge in an epic way!
The US Dollar Factor:
One big question mark: how will US policies affect the dollar's value and, in turn, crypto prices? Only time will tell.
Time to Take Profits?
If the RSI exits the oversold zone, it might be a good time to consider closing out your long positions (selling your crypto) or taking some profits off the table.
Remember:
This analysis is for educational purposes only, not financial advice. Do your own research and use proper risk management before making any trades.
Altcoinseason
MOVR - MoonriverMOVR is about to start it's own personal bullrun. There will be nothing who will stop it, and I do believe we will see new ATH in 2025 or maybe even in 2024 as this year is already unpredictable.
Either get in now or regret later. When this one moves it will not wait for noone, weekly RSI just reset and we moon anytime now.
What Is Moonriver (MOVR)?
Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.
It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.
This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.
If you think the AltSeason is Over, think again...Now things with the Bitcoin Dominance can really get exciting!
This is because what we might be witnessing a potential completion of a 455-day-long ABC corrective pattern. Building on our earlier analysis of BTCD, we highlighted a clean bounce off the 641.4% Fibonacci resistance.
RAYWaiting for retest and daily - 4hr RSI to reset. Then we should go for 150% gains.
Should keep a keen eye on this one, it might just move sideways instead of going down to retest support, possibly starting to slowly enter the trade when 4hr RSI starts resetting
What is Raydium?
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity. RAY is the native utility token used for:
Staking to earn protocol fees
Staking to receive IDO allocations
Governance votes on protocol decisions
AUCTION - Altcoin Will Moon
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here.
There is a huge difference in accumulation between accumulation and distribution. Auction is in accumulation.
This is a moon structure. Be prepared to make large gains from this pattern.
Please watch the video for more information
Have a great evening.
AIDoge...good boi!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Well I got in, but the waves are not super ideal for me... they could be counted several ways. I think the move down looks like an impulse, so this count reflects that as the anchor. I am taking some liberties here to be fair...not counting some super long wicks is what I mean.
BUT in any case a break here to above 5420 and having it flip would be an ideal print. If we start falling back I want to see these levels hold as support.
LFG!
KAVA ANOTHER COIN FOR QUICK PROFIT I can tolerate the price at the moment that it can drop to 0.8, which price would it be DCA.
We see the formation of Wyckoff, many coins have already done it and the point is to find those who haven't. Coffee is one of them. There is a chance to double the profit here and I would not save it for the long term.
Momentum and volume are increasing, which is a positive sign. We will receive confirmation when the price breaks AR, 1.05
For the output, I will update if the price breaks through.
Look at the previous analyzes that were perfect and write if you are satisfied
Flare FlrFLR Bullish. After reaching the target I think it will slowly go up to new ATH by forming new bullish flags one after another.
What is Flare (FLR)?
Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.
Nosana NOSNosana is currently retesting. Should give us a good entry soon.
Best idea to wait for RSI to reset
What is Nosana
Nosana is revolutionizing GPU cloud computing by providing companies with more accessible and affordable compute power for running AI. This makes Nosana the first decentralized computation platform powered by the Solana Network.
At the moment there is a massive shortage of GPUs in these cloud infrastructures. Nosana believes that communities can provide the computation that is needed in a decentralized way. Furthermore, a strong community can keep a project powered for eternity. Nosana offers GPUs with at the convience of the cloud at a fraction of the costs.
STX/USDT SPOT buy/sell zoonesMy minimal target for STX bull run is previous height above 3,66$.
I dont feel too much pressure tu buy STX becouse i bought mine at 0.5$ but if i would buy more it will be this places.
BUY
First buy zoone is a bit risky but it's the most recent and seems better than the lower one. Double green marked zoone means that this place is best of this whole area.
Second buy zoone I dont trust this zoone. Of course i will seek long in this place if the chart will form liquidity above the box but i am not that confident to set there positions with chill. I am worried about recent similiar lows (3 in this case, for me must have to push below)
Gold zoones are places that i am the most confident about future movement from this places. If price reach this place it can't rail it without any stop. But even if they look best for trades we don't have guarantee that the price will be there in near future.
SELL
Sell zoones are not easy to find there becouse this coin had big dump after release. Gold zoones above actual price defines places where Imbalances(FVG or few of them) and breaker/order blocks combine. I won't place sell orders there, i will seek for the distribution
There are two big sell zoones marked. 1st one is more real, x3 will make STX reach 30bil$ MCap which i think is real target in bull run.
The path to the crypto top for 2024As I've been writing on my analyses for crypto for the past year , I've thought that we were in a bear market bounce and that we'll still have a new low in crypto in 2024. Now that the bounce has largely played out, I think we're nearing a top for the year. I'm not bearish long term , I'm just anticipating that we only have a few more weeks of an uptrend before crypto starts to finish its bear market and starts its new bull trend.
Why do I think this?
1. If you look at this chart that I created near the top in 2021, you'll see that the lowest price target still hasn't been hit but every other level has been respected well. Usually for a bear trend to complete, price needs to make it below the 8/1 gann fan level and I'd expect it to hit my final target of $9,781.
2. Same with this chart that shows the same targets.
3. Now you may be asking why that level is so important to be hit? It's because that's the level that price broke out from in the last bull market and it still hasn't been retested in the downtrend. Typically the breakout level of a prior bull market needs to be hit prior to the next bull run so that the chart finds balance again.
As you can see from the chart , I think we have a few more weeks of running in alts. That's what I'm focused on now. The gains in BTC are minimal from here, with price to potentially go up to $48k. But alts over the next 3 weeks can still see 100%+ gains. Mostly it'll be small caps that haven't really had their time to shine yet.
I'll be starting to fully exit to cash towards the end of January. As I think Feb/March could be quite ugly.
TBD on when we bottom, but I do think it'll be sometime in 2024 when we tag the bottom box.
Let's see how it all plays out.
SolanaSol, emerges as a beacon of bullish sentiment, hinting at the possibility of substantial gains, potentially doubling in value. Renowned for its lightning-fast transaction speeds and low fees, Solana has carved a niche for itself in the cryptocurrency landscape. The project's innovative approach to scalability, utilizing its Proof of History (PoH) consensus mechanism, sets it apart from its competitors. Solana's burgeoning ecosystem, encompassing decentralized applications (dApps) and decentralized finance (DeFi) protocols, continues to attract both developers and users alike. Its recent performance showcases resilience amidst market fluctuations, bolstering investor confidence. With an array of strategic partnerships and continuous protocol upgrades, Solana remains poised for exponential growth. As the crypto market matures, Sol stands out as a promising asset, offering the potential for lucrative returns to savvy investors. Watch closely as Solana charts its course towards a potentially bullish trajectory.