ApeCoin I gave the #bearish pov, now here's the #BULLISH #ApeCoin I gave the #bearish pov, now here's the #BULLISH if that's invalidated. HTF still reflects rejection @ breakout, but EMA20 & 50 showing SilverCross & acting as support. If #BTC #ETH #Crypto gain some momentum, #APE can get the push it needs for HH's & 30%-60% gains.
ALTS
ETHUSDT - Fractal from FEB 2021 is BULLISHHi Traders, Investors and Speculators of the Charts 📈📉
If we consider a chart fractal from February 2021, Ethereum could take a brief breather before rallying over $2000. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a daily candle close ABOVE this supply zone, the next logical stop is $2000 and beyond. If you're lucky, you may get another chance to buy a little lower before the rally.
While you're here: Check out my view on Bitcoin for the SHORT TERM:
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1inch carving for a single digit soon Trade idea ->
CMP - $0.57
MCAP - $458M ( Competitor $UNI Mcap $5.3B )
Key Support Levels - $0.51-53 ( DCA Entries )
Resistance Levels - 200D MA around $0.629 ( flip and hold will be a easy peasy )
Price is above crucial support above $0.49
Yearly open @ $0.378
Trade idea invalidated if daily closes below $0.46 also depends on #BTC haha, if it nukes to $20k #IYKYK :
Tokenomics -
274,286 1INCH Tokens unlocks on 22/02/2023 ( Approx $158K )
Next major unlocks are in June 2023.
UNIDX - reclaims bull structure$UNIDX UPDATE
Unidex remains a real gem.
Expecting the next target at $.0046.
Last target was hit after only 7 days. See post below. Better don't fade it this time.
🚨 It's CPI day. So, expect some volatility.
Ethereum Technical Analysis: ETH Eyeing Key Resistance LevelEthereum (ETH) is currently trading at $1535. It has attempted to break the high resistance level of $1650 but was unsuccessful. If the resistance is broken and the price closes above $1700, there is a possibility of a significant upward movement in Ethereum. However, it is important to also keep in mind that rejection at the $1650 level could lead to a decrease in price towards $1100-$1200. The level of $1650-$1700 is crucial and should be monitored closely. The support levels for Ethereum are $1400 and $1200, while the resistance levels are $1650 and $2400.
TOTAL Market CapPA Still holding on to the Neckline of the "FTX crash / Recovery" while the Bearish MACD continues to cool off. PA could visit that lower trendline before MACD turns Bullish again that that would not be a big problem, testing resistance is always a good idea.
It may be Noted that TOTAL3 ( Excluding BTC & ETH) has Still not managed to break over this Neckline, which simply shows that BTC is stronger than ALTS currently but the TOTAL3 chart has being showing a % of gains until this cool off - The ALTS are very much alive
TOTAL Versus TOTAL3 ( Exclude BTC & ETH )A very Simple chart that clearly shows how ALTS are lagging behind BTC in the "recovery " phase but are making a HUGE effort to catch up now and break back over the Neckline of the "FTX Crash" line
Bitcoin has broken over it a week or so ago and is currently hoovering around the $1trillion Cap price - The ALT market has been catching up at a higher rate as can be seen by the larger % Gains daily. on the TOTAL3 chart
Thing is, I have been expecting a Cool off ever Since BTC got back over that neckline but it seems the market will keep pushing till ALTS are out of the dark to...
This is an EPIC show of strength by the Crypto market in general
VERY VERY BULLISH
APE to consolidate?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Best bull case, Elliott wave style, atm.
I am wrong,
move from the low finishes as impulse,
Internal retrace before external move up and out.
…Still corrective to me, atm.
Cheers!
RNDR is at Resistance - Will We See a Breakout?RNDR is at resistance and could experience a 120%-150% rally if the breakout pans out!
The Details: Render Token (RNDR) is a cryptocurrency that powers the decentralized render network of OTOY. OTOY is a cloud graphics company that provides high-quality rendering services to the entertainment, architectural, and product design industries. RNDR is used to pay for rendering services on the OTOY network and can be traded on various exchanges.
RNDR is at resistance; what now?
RNDR recently rallied to reach its highest price since Spring 2022. This increase in price has attracted a lot of attention from investors and traders who are interested in the potential for future gains.
There are two key support levels for RNDR that investors should be aware of. The first support level is between $0.75-$1.00. The second support level is at $0.35, which is the lowest price the token has reached since its inception.
At present, RNDR is trading at the $1.60 level and is attempting to break out of this level. If the token is successful in breaking out, it is likely to head toward the next resistance, which is between $3.50-$4.00. This represents a potential increase of 120% to 150% from the current price.
Bottom Line: RNDR powers the decentralized render network of OTOY. The token is currently experiencing a strong rally and has two key support levels that investors should be aware of. If RNDR successfully breaks out of its current trading range, it has the potential for substantial gains in the future.
Litecoin - Are you a Bob -Trader ?Hi Traders, Investors and Speculators of the Charts 📈📉
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
🤩 Bitcoin goes UP ... Bob Fomo buys the rally
🤔 Bitcoin corrects ... Bob panics and sells
🤑 Altcoin rallies ... Bob thinks, screw BTC, I'm going all in on this altcoin
😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
🤩 Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story... Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL.
Interested in another alt with massive upside potential? Here's a low risk high reward setup on LINKUSDT :
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TOTAL3 Market Cap ( Exclude BTC & ETH )TOTAL3 is pretty well ALL ALT COINS but does include BNB and al its BNB Chain coins.......(maybe time to NOT call BNB an ALT anymore but thats another convo )
This Daily chart shows us how PA has been stuck in a descending channel since around May '22 and how, repeatably, PA has hit Top trendline and been rejected.
And here we are again
Shorter Acting StochRSI is oversold so may offer some support but over all, MACD ( longer MA) is above 0 but not yet Overbought, so, should fundamentals come in with Good News, we have the ability to lift through that line of resistance.
A descending channel has a high chance of breaking trend, the longer it stays in it......but it replies on fundimentals and investment to make that happen.
There is a strong chance, Markets may well just wait now till the FED in the USA ( A Group of PRIVATE Bankers) decide how they are going to approach the issue of interest Rates.
The very idea of Crypto becoming a World wide financial service will get rid of this "Centralised Financial model" where One group of people can control Everyone else.
But that another story, meanwhile, Take care, have a plan and act upon it....PA may well Drop before it goes up again,
Pattern Similarity with 2018 Bear Market RecoveryWhat follows is a comparison of the daily chart during the 2018 bear market recovery with the present weekly chart. Markets like to repeat patterns, with similarities and differences:
Repeating Pattern Similarities:
Both made a head and shoulders top
OBV and Volume show similar patterns of behavior in both charts
The amount of correction prior to recovery is similar
Repeating Pattern Differences:
2018's head and shoulders top had a descending (or practically straight) neckline. 2023's head and shoulders top has an ascending neckline
OBV has dipped more during the present downtrend than before, and Volume peaked earlier during the head/shoulders top this time (Volume is also down more now than it was during 2018 recovery, respectively)
Signs are pointing to a recovery, but DXY is behaving strangely and market conditions are entirely different than they were in 2018.
2023 Recovery may be higher than 2018, if neckline is reached - it could look like a double-top with a lower high (potentially even another HS pattern at the end)
Should the pattern repeat itself again on the higher time frame, I've outline a rough path that could take us into one of the two red boxes, or even somewhere in between, with:
-- Conservative Targets near previous head and shoulder top lows
-- Aggressive Targets stopping at or near the ascending neckline, and this would coincide with my theory of a lower high double-top, which I think is the more likely scenario (see related idea below)
-- Otherwise the potential to stop somewhere halfway in between either
Chart is long until recovery completes at one of the levels above.
This idea fails immediately if we fail to remain above the wedge here on a re-test on the falling wedge breakout (3-day chart pictured below):
Related Idea - neckline targets coincide with lower-high double-top theory:
Cheers, and thanks for taking the time to read through my ramblings!
-- dudebruhwhoa
ADAUSDT : Cardano Aims for Another +60% ⬆Hi Traders, Investors and Speculators of the Chart📈📉
Cardano looks like it's gearing up for another big move; currently consolidating under the resistance zone (which is bullish). Since the last update on ADAUSDT, ADA has increase 62% and from technical indicators RSI and Phoenix Ascending, it looks like it want's to do another 60% ⬆ with TP target just under $0.60.
There are some exiting developments in the crypto space other than the bullish price action on charts. If you've been missing out on some of it, you have to check out these two!
USA Government Federal Debt crisis :
Ethereum and ZK Protocol... in space:
What are your thoughts on this?
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