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Altseason

WAT strong Altcoin broke out of very strong patternMEXC:WATUSDT.P MEXC:WATUSDT GATEIO:WATUSDT MEXC:WATUSDT.P WAT, still on the thin side - but shows alot of strength. It just broke out on the 0.0005 level, giving it potential upside over the next few days. After DEEP, WAT is one of the strongest Alts in the market right now, besides APE, too. WAT, DEEP and APE should be watch for continuation patterns on volume. That is for long term entries or momentum Traders. IF Bitcoin breaks out, we could see more spurts in these. Let us see where WAT is headed.
Long
by simagain
And from here WE PUMP!Total3, which tracks the market cap of all altcoins excluding BTC and ETH, is flashing strong signals that it's gearing up for another leg up within the next 1-3 days. Currently, the altcoin market cap is sitting at $625 billion, but projections indicate we could see it rise to $680 billion, adding an estimated $50-70 billion of fresh capital into the altcoin space. This influx of capital could be a catalyst for significant price action across the board. Historically, when Total3 breaks to the upside, we see explosive moves in many altcoins. Smaller market cap coins could potentially surge 2-5x as liquidity flows into them, with traders seeking high-risk, high-reward opportunities. Meanwhile, larger altcoins and top-tier projects are likely to continue their upward trajectory, hitting key targets and executing their projected moves with ease. For traders and investors, this upcoming wave could present a unique opportunity to ride the next big altcoin cycle. The altcoin market is poised for a boost, and understanding how to navigate this surge could be key to maximizing gains. Keep a close eye on price movements and be ready to act quickly as the market could move rapidly once the breakout occurs. This is a moment that could define the next phase of the bull cycle, with the potential for life-changing returns if timed correctly. Be sure to manage your risk, follow your strategy, and stay updated as we approach this crucial moment in the altcoin market!
CRYPTOCAP:TOTAL3Long
by Achilly
Altseason Alert: Watch This Bitcoin Dominance Pattern Closely!Hey everyone! If you’re enjoying this analysis, don’t forget to hit the 👍 and follow for more updates! We’ve all been waiting eagerly for one thing—the Altseason! I know it can be frustrating hearing "Altseason soon" while altcoins seem to be moving sideways. But remember, the longer we wait, the bigger the rewards could be when it finally arrives. Now, let's dive into the Bitcoin Dominance chart, because Altseason largely depends on it. As you can see, dominance is forming a rising wedge pattern on the daily time frame and is currently showing rejection from the upper trendline. If we get a strong rejection here followed by a breakdown, it could be the spark that kicks off an incredible Altseason. The key here is patience. Stay strong, hold your altcoin bags, and get ready for the big move! Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
CRYPTOCAP:BTC.DShort
by CoreCrypto1
7
SOLANA COIN SWING LONG IDEA - ALTCOIN MARKET - SOLSolana is one of my favorite coins for the 2024-2025 altcoin bull run. It has strong fundamentals, as well as a supportive community. The price is coming from the discounted monthly demand zone. The weekly structure is also bullish, and the daily structure is accelerating upward momentum. I believe we will easily reach the purple targets and eventually return to all-time highs. I’ve bought a spot bag here. It may retrace slightly before taking off, so invest and trade accordingly. Nothing i share is financial advice. Education purposes only.
Long
by UA_CAPITAL
The new ALTSEASON is starting. Will you miss the train?We see many indicators both technical and fundamental this week that point out the alt coin market may be on the verge of a price explosion, what we most commonly refer to as 'Altseason'. So far on this Cycle we've had the 1st from June 2023 to March 2024. The 2nd however that completes the Bull Cycle, tends to be more aggressive. On this chart we view the Crypto Total Market Cap excluding the Top 10 on the 2W time-frame. As you can see, the price found support on the MA50 (blue trend-line) for 4 consecutive candles and now with higher closings, looks ready to make the decisive break-out. Relative to the previous two Cycles, it appears that we are on the exact part on the 0.382 Fibonacci retracement level, where both final Parabolic Rallies (altseason) started. The RSI and MACD in particular showcase significant resemblance with December 2016. A MACD Bullish Cross, is the only indicator left to confirm the rally. Since both of those historic rallies reached at least the -1.5 Fibonacci extension, there is no reason yet to expect otherwise. As a result, a 3T target towards the end of 2025 appears to be feasible. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:OTHERSLong
by TradingShot
1
EIGEN COIN LONG OPPORTUNITY - ALTCOIN MARKET EIGEN is one of my favorite coins due to its strong fundamentals. Fundamental Analysis: EIGEN has over $11 billion locked on its platform, making it the 3rd highest in total locked value in the entire crypto market. Additionally, it’s the first and best restaking platform on Ethereum. Technical Analysis: EIGEN bounced off the daily demand zone, and the 4H structure has confirmed that the price is seeking upside liquidity/expansion. I expect it to reach these two targets and potentially much higher, possibly even new all-time highs during the next altseason. I believe we’ve hit the bottom for this coin, and I’ve opened a position.
Long
by UA_CAPITAL
FET COIN SWING LONG OPPORTUNITY - AI CRYPTO MARKETAI technology is booming alongside the semiconductor industry, as we saw with massive new all-time highs yesterday (17/10/24). I believe the AI sector within the crypto market will quickly benefit from this trend. FET recently broke its diagonal structure and is currently sitting within the weekly demand zone. I believe we are ready for a takeoff, aiming for a swing trade that could bring us to new all-time highs. Both the daily and weekly demand zones are currently supporting the price. I received LTF (lower time frame) confirmations and have bought a spot position as well as opened a swing long position.
Long
by UA_CAPITAL
Ethereum: On the Verge of a Major Dominance Uptrend!Ethereum appears to be gearing up for a new phase of growth. Its dominance in the crypto market is completing a significant corrective phase — the second zigzag in a double zigzag pattern. This process has been unfolding over the past three years, correcting the previous growth seen from 2019 to late 2021. Looking at the historical trend, we can observe a clear cycle: three years of decline followed by one year of rapid altcoin growth. This cycle, along with characteristic Elliott Wave correction patterns (where the latest structure shows a = c) and a false breakout at the critical 13.95% level, suggests that significant changes may be on the horizon. We also see confirmation in technical indicators — MACD, the MACD histogram, and RSI — signaling bullish divergence and a break in the downtrend on the Momentum indicator (40-day period). A similar picture emerges in the ETH/USD and ETH/BTC pairs, forming a base for the bullish trend. This points to the potential beginning of a strong upward movement for Ethereum and an expansion of its influence in the cryptocurrency market. There may be one more slight decline in ETH dominance, probably to the level of 13,6%, to form a double bullish divergence, after which I will accelerate my bullishness on ETH.
CRYPTOCAP:ETH.DLong
by myteam
2
STORJ/USDT Breakout Alert: Ready for a Major Move!Hey everyone! If you're enjoying this analysis, don’t forget to give it a thumbs up and follow for more! STORJ is looking strong here! It has just broken out of a descending triangle on the 2-day time frame and is showing great potential for an ATH (All-Time High). This could be the perfect opportunity to buy and accumulate on dips for big gains. Entry range: CMP and accumulate up to $0.42 Targets: 150% - 200% upside 📈 Stop Loss (SL): $0.33 What do you think of STORJ's current price action? Are you seeing a bullish setup? Share your thoughts and analysis in the comments below!
Long
by CoreCrypto1
Reserve Rights (RSR) ResearchThe Reserve protocol is an innovative platform on Ethereum that, for the first time, enables the creation of asset-backed and over-collateralized stablecoins without the need for permissions. Reserve's primary mission is to introduce scalable, decentralized forms of stable currency designed to reduce the volatility common to cryptocurrencies like Bitcoin and Etherium. The Reserve protocol empowers anyone to generate stablecoins, which are secured by collections of ERC-20 tokens across Ethereum, Base, and Arbitrum. These digital currencies, underpinned by stable assets within the Reserve framework, are dubbed "RTokens". After setting up an RToken, users can produce these tokens by contributing the full set of backing collateral tokens, and similarly, they can retrieve this entire set upon redemption. Consequently, the trading value of an RToken closely aligns with the aggregate market value of its backing basket, with discrepancies inviting arbitrage opportunities. RTokens boast an overcollateralization feature, ensuring that in the event of a collateral token failure, there's a reserve of value to offset the deficit. This extra security layer comes from holders of Reserve Rights (RSR), who have the option to stake their RSR on any RToken. Should a collateral token falter, the staked RSR can be automatically claimed through a system driven purely by blockchain-based price oracles, devoid of any need for governance decisions or human intervention. Long-term goals of the project Examining the lineage of currency shows us that as one dominant global empire cedes to another, the currency of the former inevitably declines. Historical examples include the Dutch Guilder and the British Pound, and now, according to Ray Dalio, the U.S. dollar might not retain its status as the global reserve currency forever. Bloomberg has highlighted concerns, echoed by figures like Larry Fink of BlackRock, that burgeoning U.S. fiscal deficits might alienate significant foreign investors. This scenario could lead to a potential 30 percent drop in the dollar's value, as the Federal Reserve might find itself compelled to finance the national debt through monetization. In response to this, the Reserve community is motivated to craft a stablecoin, known as an RToken, which aims to decouple from the U.S. Dollar's peg. The ultimate ambition for cryptocurrencies is not merely to mirror the stability of existing assets in the short term but to innovate a financial instrument that maintains stability in the immediate and exhibits superior stability over extended periods. Investors The RSR (Reserve Rights Token) project has attracted attention and investment from a number of prominent cryptocurrency and venture capital market participants. Coinbase Ventures GSR (MM) Arrington Capital Shima Capital NGC Ventures Fenbushi Capital Digital Currency Group (DCG) BlockTower Capital Distributed Global Chapter One PreAngel (China) Sam Altman Peter Thiel These investors are investing in RSR believing in the project's potential to improve the stability and availability of cryptocurrencies, especially in regions with unstable economies. The participation of such significant names indicates the high interest in the project in investment circles. Staking Reserve Rights (RSR) serves as an over-collateralization mechanism to protect RToken holders in the rare event of a collateral token default. To enable RSR holders to provide this over-collateralization, they have the option to stake their tokens on any single RToken or distribute their RSR across multiple RTokens. Additionally, RSR holders can choose not to stake their tokens at all. In exchange for providing this over-collateralization, RSR stakers can expect to earn a share of the revenue from the specific RToken they stake on. Generally, the greater the market cap of the RToken they stake on, the more revenue RSR stakers will receive. When RSR is staked on an RToken, the tokens are deposited into a staking contract specific to that RToken, and the staker receives a corresponding ERC-20 token, which represents their staked RSR position on that particular RToken. This token is transferable and fungible with other staked RSR for the same RToken, allowing you to send any portion of the staked position to someone else or trade it, and the new holder has the option to unstake it if they choose to. Understanding RSR Staking Rewards and Mechanics: Rewards Calculation: Your rewards from staking RSR tokens are influenced by how much revenue the RToken generates, the percentage of this revenue allocated to RSR stakers by governance, and your share of the total staked RSR. For example, if an RToken earns $100, 20% is set aside for stakers, and you've staked 10% of all RSR staked on this RToken, you'd receive $2 as your reward for that period. Mechanism of Reward Distribution: Rewards are not directly paid out but are used to buy back RSR through market auctions, increasing the value of staked RSR relative to unstaked RSR over time. Staking Risks and Unstaking Delays: When you stake RSR, your tokens are at risk of being used to cover losses if there's a default in the collateral tokens backing an RToken. Unstaking isn't immediate; there's a delay (typically set between 7 to 30 days by governance) to ensure enough RSR remains staked to cover potential defaults. During this unstaking period, you won't earn rewards, but you can cancel the unstaking process to continue staking. Accessing Staking: The simplest method to stake RSR is through platforms like Reserve Register, which provide user interfaces to interact with the smart contracts of the Reserve Protocol. This system not only incentivizes staking by offering rewards but also secures the protocol by using staked RSR as a first line of defense against collateral defaults, ensuring the stability and integrity of RTokens. Tokenomics The Reserve Rights (RSR) token has a capped supply at 100 billion. As of now, 50.6 billion RSR are circulating, with the remaining 49.4 billion held within the Slow and Slower Wallets. Slow Wallet: This wallet, managed by the Reserve project team, is designated for funding initiatives that drive RToken adoption. Any withdrawal from this wallet requires a compulsory 4-week waiting period after the transaction is initiated on the blockchain. Organizational Shift in 2024: The governance of the funding for the Reserve Ecosystem underwent changes, introducing Confusion Capital. This entity oversees financial support for projects within the ecosystem like Best Friend Finance and ABC Labs, which concentrates on the development of the core protocol. Slower Wallet: Under the administration of Confusion Capital, this wallet inherits its funds from the Slow Wallet but introduces stricter withdrawal rules. Besides maintaining the initial 4-week delay, it limits withdrawals to no more than 1% of RSR's total supply over any 4-week period. This adjustment aims to minimize the level of trust required in Confusion Capital. Here’s how the withdrawal throttle works: After a period of no activity, the withdrawal cap could reach its maximum of 1 billion RSR. Upon initiating a withdrawal of 1 billion RSR, the cap drops to zero. After 2 weeks, the cap replenishes to 500 million RSR, allowing for a new withdrawal of up to 250 million RSR, reducing the cap back to 250 million RSR. One week later, the cap increases again to potentially 500 million RSR, depending on previous activities. This structured approach ensures a gradual release of funds, reinforcing trust and stability within the ecosystem's financial operations. Blockchain GSR Marketmaker activity has been spotted and is beginning to gear up for the alt season and pump up the asset. Be ready for a rapid growth of RSR in the near future! Below are a couple of wallets owned by investment funds. As you can see, they continue to hold RSR after unlocks, which indicates that there was no distribution and we should prepare for pumping, which will trigger liquidity. This way large investment funds will be able to start selling their assets due to “born liquidity”. It is also worth noting that most of the issuance is in the hands of those who benefit from growth! It can be seen that SlowerWallet and team have >50% of all tokens, followed by exchanges. After exchanges, the obvious leader is investment funds, which I wrote about a bit above. Conclusion Reserve Rights and the RSR token are on the cusp of significant change, with the potential for exponential growth. Given its innovative approach to currency stabilization, growing community, expansion into new markets and positive technical analyses, the project is well positioned to strengthen its position in the cryptocurrency ecosystem. The fundamental aspects of Reserve Rights offer an optimistic outlook on its future, making RSR interesting for long-term oriented investors. Best wishes, Horban Brothers!
Long
by horbanbrothers
4
DYM/USDT: READY FOR AN ATH!!Hey everyone! If you're enjoying this analysis, please give it a thumbs up and follow! DYM is showing strong potential! It’s breaking out of a symmetrical triangle on the daily time frame and looks primed to test its all-time high (ATH). Consider buying now and accumulating more on dips for maximum profit. Entry range: CMP and accumulate up to $1.48 Short-Term Targets: $2.20 / $3.34 Long-Term Targets: $5.16 / $6.96 / $8.40 Stop Loss (SL): $1.11 What do you think of DYM's current price action? Are you spotting a bullish setup? Share your thoughts and analysis in the comments below!
Long
by CoreCrypto1
TAOUSDT - Emerging as a Market Leader in AI Crypto! TAO is positioning itself as a leader in the AI crypto space, showing impressive technical strength after a healthy retracement to major support. With its momentum building, TAO is now on the move toward new highs! Remember to trade safe and keep an eye on this promising asset! TAOUSDT Currently trading at $557 Buy level: Above $555 Stop loss: Below $445 TP1: $600 TP2: $700 TP3: $800 TP4: $1250 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades