NEAR SWING LONG OPPORTUNITY - NEAR ProtocolNEAR is one of the strongest blockchains in crypto. The network has proven itself by being around for over four years and is currently among the top 20 coins by market cap. It’s also a project I follow closely and look for trading opportunities with.
Technical Analysis: Price recently hit the monthly demand zone, sweeping daily equal lows without closing below. This indicates a liquidity grab through a wick and a subsequent break of the bearish trendline responsible for months of downtrend. Additionally, a weekly demand zone was created as the weekly structure shifted to bullish during the breakout.
Currently, price is within the weekly demand zone and is at a discount level in the optimal trade entry area, within the Fibonacci golden pocket.
I’ll be opening some swing positions here, targeting the first bearish upper trendline and, ultimately, the weekly swing high as marked on the chart. Stop loss is set below the monthly demand at 2.350.
Altcoinseason
BNB SWING LONG IDEA - ALTCOIN SEASON - BNB CHAINBNB is one of the most stable coins in the crypto market. With Binance officially backing it, BNB is relatively safer compared to other altcoins.
Technical Analysis: The price hit and wicked into the monthly demand zone during the August 5th dump, showing a strong rejection and initiating an upward trend. This move established a weekly demand zone by breaking the weekly structure, and as it did so, it created a daily demand zone, which is a significant area for me.
Currently, the price is back into the daily demand and has reached the optimal trade entry zone according to the Fibonacci levels. I anticipate an upward movement from here in the coming days.
Targets: The initial target is $613-$619, with potential to reach the all-time high at $722.
Note: Watch out for the U.S. Presidential Election, as it may cause volatility with long wicks that could stop out positions.
FLOWUSDT Reversal Confirmed!FLOWUSDT technical analysis update
The price of FLOWUSDT has formed a triangle pattern at the bottom, with the 100 EMA acting as resistance for the past 150 days. Now, the price has broken through the triangle's resistance and crossed above the 100 EMA on the daily chart. In the coming days, we can expect a strong bullish move.
Altcoin Market Signaling Potential Bullish Run to $1 TrillionTotal Alt Coins Market Cap analysis update
After a significant upward movement in the market cap, consolidation within a descending channel or flag suggests a period of profit-taking and market indecision, though the overall structure remains bullish. The market is approaching the upper resistance of the flag, signaling the potential for a breakout. Once the breakout is confirmed, a bullish move can be expected. Based on historical price action and technical patterns, the next major target post-breakout could be around $1 trillion before end of 2024.
THETAUSDT Trend Reversal Confirmed !THETAUSDT TEchnical analysis update
BINANCE:THETAUSDT 's price broke out of a triangle pattern on the daily chart after 150 days of consolidation, accompanied by high volume. The price is now trading above the 100 and 200 EMAs, confirming a trend reversal. This breakout signals potential for further upward momentum, as buyers regain control.
Buy level: $1.60
Stop Loss:$1.25
Golden Cross kickstarts Altcoin SeasonExactly as I was predicting it would just as it did for total2, xlm, and quite a few other crypto charts recently. I expect the trend will continue. I will link the hart to the total2 cup and handle we seem to have confirmed the breakout from below. *not financial advice*
I bet you are not watching this chart of TOTAL3#ALTSEASON Update🚀
Let’s dive into some detailed alpha!
Take a look at this (Total3-USDT-USDC)/BTC chart. It clearly indicates that #Altcoins could bleed by a maximum of 20% further from current levels in CRYPTOCAP:BTC pairs. However, this doesn’t necessarily mean they’ll lose value in USD terms if #BTC continues to pump, which seems likely in the coming weeks.
Following this, altcoins are expected to start outperforming BTC and will likely peak when this chart reaches around 0.56, with another possible top at 0.91.
PS: The altcoin market is highly fragmented this cycle. Not every altcoin will pump equally or peak at the same time. However, overall, the altcoin market could potentially achieve a top near the 0.91 level, which represents a 3x increase from current levels.
POLY-MATIC Swing Long Idea - Altcoin SeasonMATIC/POLY is one of the leading Ethereum Layer 2 chains. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential.
Technical Analysis:
The price ran the 2022 low and the 2021 March low, generating strong bullish momentum. The run on the 2021 March low is particularly significant because that low initiated the 2021 bull cycle for this coin. I believe this level represents the maximum pain point for MATIC, and most paper hands have likely exited after this level was swept.
Following this move, we observed strong bullish momentum, and a few days later, the weekly structure shifted to bullish, creating a weekly demand zone, which I have marked on the chart. Recently, the bearish trendline responsible for the downward trend since Spring 2024 was broken, and we also have a daily demand zone just below the trendline.
I believe the price may retrace to the daily and weekly demand zones, possibly retesting or deviating slightly from the trendline before taking off. This area also aligns with the Fibonacci equilibrium (discount) zone, which adds further confluence for a reaction from there.
I will look for LTF confirmations before initiating the setup.
SL: $0.27 (daily close below)
TP1: $0.78 (2x from the entry)
I plan to carry this position until the end of the 2025 altcoin bull cycle and will not take profits from this trade. However, I strongly recommend taking some profits while the price rises. My risk management strategy is unique and may differ from yours.
Altcoin Market Price Prediction ChartThis innovative chart provides a comprehensive overview of price predictions for the entire altcoin market. Leveraging advanced analytics and state-of-the-art algorithmic models, it highlights key trends shaping the future of this ever-evolving market.
Whether you’re an experienced investor or simply curious about the potential of cryptocurrencies, this chart is a valuable tool to anticipate market movements and refine your strategies. Stay ahead of fluctuations and make informed decisions with a clear and concise vision of the altcoin market's future.
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Velas with BIG UPDATE: VELAS 2.0 IS A GAME CHANGER IN CRYPTOTechnical Analysis for Velas (VLX)
Velas 2.0 represents a significant upgrade to the Velas blockchain, enhancing its scalability, security, and user experience. This update introduces several key features:
Enhanced Performance: Velas 2.0 offers improved transaction throughput and reduced latency, enabling faster and more efficient operations.
Advanced Security Measures: The update incorporates robust security protocols to safeguard user assets and data against potential threats.
User-Friendly Interfaces: Velas 2.0 provides intuitive interfaces for both developers and users, simplifying interactions with the blockchain.
Expanded Ecosystem Support: The upgrade facilitates seamless integration with various decentralized applications (dApps) and services, broadening the Velas ecosystem.
Price Action & Trend:
Current Trend: The chart indicates that Velas (VLX) has been in a descending channel, with price movement within this range. It appears to be moving between resistance and support levels.
Resistance & Support Levels:
Key Resistance Levels: The resistance levels are noted at around 0.02700 and 0.02517, which have proven to be significant barriers in the past.
Key Support Levels: Support is identified in the range around 0.01400, with a consolidation zone suggesting strong buyer interest near this level.
Indicators:
VMC Cipher B Divergences:
The VMC Cipher B indicator suggests that price might be moving in a more stable range or could potentially reverse if further divergence is observed.
Currently, the signal is showing some signs of bullish divergence, meaning there might be a potential price breakout to the upside soon.
RSI (Relative Strength Index):
The RSI value is currently at 57.34, indicating that the asset is in the neutral zone. It is neither overbought nor oversold, suggesting that there could still be room for price movement in either direction.
If the RSI approaches 70 (overbought), it may signal a potential reversal downward.
Stochastic Oscillator:
The Stochastic Oscillator is at 57.26, which is also in the middle of the scale, confirming the neutral sentiment. If this indicator moves above 80, it could indicate overbought conditions, while a drop below 20 might signal an oversold condition and potential price reversal to the upside.
Current Momentum:
The ascending channel suggests potential upward momentum, particularly if price breaks the resistance level near 0.017971.
Market Sentiment: Given the announcement of Velas 2.0, there could be positive news driving the price surge, and with continued positive sentiment, further movement towards 0.02500 could be expected.
Trading Plan:
Bullish Scenario:
Entry: A break above the resistance zone of 0.017971 could be considered a signal for entering a long position. The next potential target would be the 0.02000 resistance level.
Take Profit: Set the first take-profit target around 0.02500. A second target could be near the 0.02700 zone, depending on market momentum.
Stop Loss: Place a stop-loss just below the support level of 0.01400 or the recent swing low to protect against significant losses.
Bearish Scenario:
Entry: If the price fails to break above resistance and starts moving back down towards 0.01400, a short position could be considered. Monitor the RSI and Stochastic Oscillator for oversold conditions as confirmation.
Take Profit: In the case of a bearish trend, aim for take-profit targets near 0.01195 and 0.01000.
Stop Loss: Set the stop-loss just above the previous resistance level around 0.017971 to minimize losses.
Neutral Scenario:
In a scenario where price fluctuates between the support and resistance levels, consider a range trading strategy. Buy near the support zone and sell near the resistance zone, using shorter timeframes for better entry and exit points.
Fundamental Catalyst:
The Velas 2.0 announcement is a key event that could lead to a potential price surge. Monitor any news or updates from the project, as these may drive the price upward, influencing both short-term and long-term movements.
This analysis and plan should be used to guide your trading decisions, but it's essential to regularly reassess the market and adjust your strategy accordingly, especially with the developments in the cryptocurrency space.
Quant finally waking up and joining the rest of the alt pumpLooks like Quant has broken above an inverse head & shoulders pattern with two valid necklines. The higher longer one having a higher breakout target of course. Based on the pattern unfolding on total2 chart right now as well as it’s impending golden cross, I’d say QUant reaching both inverse head & shoulders targets is highly probable *not financial advice*
A close up of the bullflag forming above c&h rimline on total2The red line is the rimline of the Total2 chart’s cup and handle pattern that I made a post about a few days ago and will link at the bottom of this post. I thought it would be a good idea to include a close up of this bull flag that is forming with that redline mostly serving as support here so it would be easier for people to see when the breakout from the cup and handle will be validated. Once we have solidified the red line as support long enough we will validate the breakout from the cup and handle. One thing that will greatly increase the probability that w will validate that breakout is by first valdating the breakout up from this smaller bullflag pattern that has been forming here, you’ll notice that we are also about to have a golden cross (when the orange line crosses above the blue line ). We are now just one to two days away max from that cross happening and I would not be surprised if the pump up from the bullflag that validates it’s breakout occurs the same day the golden cross occurs, as I have already seen that happen immediately on the golden cross in two other chart recently, and it usually tends to do so once we have entered the parabolic phase of the bull market. If we do we will simultaneously validated both the breakout from this bull flag and mostly likely validate the breakout from the more macro timeframe Cup and handle pattern as well. I will link the chart I posted a few days ago showing the full cup and handle pattern down below. We’ve already seen a slight bit of a precursor already in the market but once the cup and handle validates its breakout, it is officially alt season. *not financial advice*
AVAX SWING LONG IDEA - ALTCOIN SEASON 2024-2025AVAX is one of the most well-known coins, backed by strong fundamentals. I believe it will perform well during the 2024-2025 bull run.
The price is currently coming from a monthly demand zone, showing solid rejection and strength. It has also broken the diagonal trendline that signaled the previous bearish trend. Both weekly and daily momentum are strongly bullish, further supported by Bitcoin's strength.
I expect a retracement to the weekly demand zone and the maximum discounted area, with a possible retest of the broken bearish trendline. From there, I anticipate a move up toward the targets.
LTF confirmations will be needed to initiate the trade.
XRP Prediction Price Breakout & New All-Time Highs? In this video, we dive into an in-depth analysis of XRP's recent price action and what might be in store for the future. XRP has surpassed our initial price targets, breaking out of previous resistance zones and showing strong momentum. With this bullish move, XRP is now setting up for new, higher price targets, and there's a growing possibility that it could reach or even exceed previous all-time highs!
In today’s analysis, we’ll cover:
- Key support and resistance levels to watch
- How XRP's price expansion aligns with market trends
- Potential targets for XRP as it eyes new highs
👉 Subscribe for more XRP and crypto analysis, and turn on notifications to stay updated on the latest market moves!
Solana Targeting All-Time Highs – SOLANA SWING LONGSolana has hit all the targets I shared here weeks ago!
I hope you took some profits. We've reached the third and final target—the March 2024 high. Now, it looks like we're retracing back into the weekly demand zone. I expect a potential bounce from the top of this zone, which aligns with the Fibonacci retracement. From there, we could see price movement toward new all-time highs.
I’ll be watching for lower-time-frame confirmations to enter the trade. Price could wick all the way into the weekly demand and fail to close below, especially if Bitcoin drops impulsively. So, look for confirmations first.
Stop Loss: 153
Target 1: 225
Target 2: 260
Altcoin Season! C&H pattern can take altcoins to 2 trillion!Price action has now finished the handle on the total2 charts cup and handle as well as closed a Daly candle above it. Now we need to close a weekly candle above it and make sure we’ve flipped the rimline to solidified support so we can trigger and validate the breakout. If so the measured move line takes price to a target of 1.99 trillion! The journey to that target would make for one unforgettably epic altcoin season no doubt. *not financial advice*
HARMONY ONE - TRADE PLAN + TECHNICAL ANALYSIS Technical analysis and trading plan for Harmony (ONE) cryptocurrency.
Technical Analysis
Ascending Channel: The price is moving within an ascending trading channel, indicating a bullish trend. This channel provides both support and resistance levels.
Current Resistance Levels:
Primary resistance is around 0.01528. A break above this could signal further bullish momentum.
Secondary resistance around 0.01800, which aligns with the upper limit of the anticipated channel and is a key psychological level.
Support Levels:
Immediate support is around 0.01363, providing a cushion if the price retraces.
Additional support is observed at 0.01287, acting as a lower boundary if the bullish channel is broken.
Volume Analysis:
The volume appears to be increasing alongside upward price movement, which is typically a positive sign for sustaining bullish momentum.
Indicators:
VMC Cipher B: Shows bullish divergences, supporting further upward movement. However, a close eye on divergences is necessary to anticipate potential trend reversals.
RSI: Currently around 63.64, indicating a mildly overbought condition but with room for further upside.
Stochastic Oscillator: Around 69.85, approaching overbought levels; this could signal a short-term pullback.
HMA (Hull Moving Average): The histogram is neutral to slightly bearish, suggesting caution as momentum could slow down.
Trading Plan
Entry:
Consider entering a long position if the price holds above the current support level of 0.01363 and begins to show upward momentum.
Alternatively, an aggressive entry can be made if the price breaks above 0.01528 with a retest, confirming a bullish continuation.
Targets:
First Target: 0.01528 (short-term resistance).
Second Target: 0.01800 (upper boundary of the ascending channel).
Stop-Loss:
Place a stop-loss slightly below 0.01363 if entering at this level or at the lower boundary of the ascending channel.
For a more conservative stop-loss, consider 0.01287 as a threshold, indicating a potential trend reversal if breached.
Exit Strategy:
Consider partial profit-taking at the first target level to secure gains, and adjust the stop-loss to break-even to manage risk.
If the price reaches the second target and there is no sign of bearish divergence or weakening volume, hold a portion of the position for further upside.
Risk Management:
Manage position size to ensure the risk per trade does not exceed your pre-determined threshold.
Regularly monitor the volume and indicators (especially RSI and Stochastic) for signs of a potential reversal.
This analysis suggests that while Harmony (ONE) is in a bullish channel, careful attention should be paid to the resistance levels and indicators to manage potential pullbacks.
ZETAUSDT Ascending Triangle PatternZETAUSDT Technical analysis update
ZETA price has formed an ascending triangle pattern on the daily chart and is moving towards the triangle's resistance for a potential breakout. The price is trading above the 100 EMA, which is considered bullish. A confirmed breakout can be anticipated once the price surpasses the 0.80 level on the daily chart. If this breakout occurs, it may lead to strong upward momentum and further bullish action.
AI -related crypto named VAIOT ready to pump 50-100xwith BTC having confirmed the breakout to a new buy cycle on the monthly tf, we finally have this darling ready to move higher.
weekly setup shows full retracement to nearly the bottom of the prior buy structure.
breakout above .80 will confirm progression to 1.20 as TP1;
once 1.20 is surpassed, I believe the fundamentals and potential of this company will warrant a price in the 5.00$ even 10.00$ ranges so those are the TP2 and TP3 levels.
SL at .07
Enjoy. and You're Wellcome!
$BTC marketcap critical point, signaling the alt season coming.CRYPTOCAP:BTC has reached a critical 60% dominance level, which in the past has often signaled the start of an alt season. While history doesn’t always repeat itself, several other indicators confirm this signal:
- Stochastic RSI is highly overbought
- Bearish divergence
- MACD is also in overbought territory
Based on my analysis, altcoins are likely to see some relief in November, potentially pumping and outperforming $BTC.
ARKM Will EXPLODE Like LUNA Did Last Bull Market MartyBoots here , I have been trading for 17 years and sharing my thoughts on ARKM.
ARKM is looking beautiful , very STRONG chart for more upside
Very similar to LUNA and FTM last ALTSeason and they exploded 400%-800% higher
Do not miss out on ARKM as this is a great opportunity
Watch videos for more details