Altseason
Is Kadena gonna be another next big factor?There are more than few possible bullish sign that really makes me consider Long-term position entry on BINANCE:KDAUSDT either Futures and Spot. So these are the signs I noticed :
1. Double Bottom
2. Bullish Flag
3. Breaking a minor Resistance but most close a candle above it
4. About to check Bull flag resistance 3rd time which is a very possible sign to go up even higher.
But there are few things I want to see before enter Futures position.
1. Coming down and check 1 area which used to be a minor resistance
2. Closing a candle above 2 will be confirmation of breaking Double bottom and Bull flag pattern.
I will be taking profits at those marked green lines. If it ever breaks 4.5 area I will post another Take profit interest points.
TOTAL 3 is ready to BLOWUSDT, recognized as the first stablecoin, did not achieve widespread adoption even as late as 2017. Had it been more prevalent, I would have incorporated USDC and DAI into this analysis.
Nonetheless, I trust that you will find this chart beneficial for the upcoming #Altcoin season.
The total market capitalization of USDT relative to that of Bitcoin reveals a distinct correlation.
This relationship has historically indicated significant technical peaks characterized by bearish divergence, as well as bullish divergence at market bottoms, as observed in the RSI versus ratio score.
Additionally, we have established a clear target level to pursue.
AAVE COIN LONG IDEA - AAVE ALTCOIN SWING LONGAAVE is a coin I monitored closely during Summer 2024. While most altcoins were making new lows, AAVE was accumulating and showed resilience, which suggested to me that it might outperform others in the 2024-2025 altcoin bull season.
Technical Analysis: Price accumulated within the monthly demand zone throughout Summer 2024. It finally took off, breaking the weekly structure and creating strong bullish momentum on the weekly and daily charts.
Price broke the bearish trendline with strong momentum and created a daily demand zone below. I’d like to see price retrace into the daily demand, hit the maximum discount area, possibly test the trendline, and then take off toward the target.
As always, look for lower time frame confirmations within the entry zone before initiating the trade.
Stop loss: $110
Target: $261
AR COIN SWING LONG - Arweave Long OpportunityAR is one of my favorite coins fundamentally. It has a strong foundation in storage and distributed computing, which could play a crucial role in integrating AI technology with crypto. I won’t go deep into the details here, but you can read more about it online if you’re interested.
Technical Analysis:
The price reached the monthly demand, ran the daily swing liquidity, and couldn't close below it. We saw a strong rejection from that level, which led to a break in the daily structure.
Additionally, we broke the bearish trendline responsible for the downtrend since spring 2024. The trendline has been retested and rejected, further reinforcing the bullish bias. I believe we could soon see strong upward momentum on this coin.
I’ve purchased a spot bag and opened a futures position at this level, targeting significant upside and potentially holding as a swing trade until all-time highs.
Is it time for alts?When secondary trendline us briken it is nice to see change of structure. Last time (red lines) it failed. This time we are close to break new secondary trendline. I can se two tops to overcome (yellow horizontal). I don't like this one higher because alts can run really hard really fast. So this one feel late to the party. I will use the lower one to change a bit of BTC into high/medium caps.
Alt/UsdtBINANCE:ALTUSDT
The **current price** of the altcoin is **0.13780** 📉, and right now, we’re sitting in a **resistance zone** 🚧. This means that the price is encountering some difficulty trying to go higher, because sellers tend to step in at these levels. Resistance is like a ceiling that prevents the price from moving up freely, and traders might be watching this closely for any signs of price action.
If the price **holds** at **0.13780** 📈 and doesn't dip below this level, we could see the price pushing higher toward the **next resistance zones**. These are:
- **0.16000** 📊: This is the first major level to watch. If the price can break through this, it might indicate more upward momentum.
- **0.1803** 💥: If the price keeps moving, this is the next level that might act as a barrier. Think of it like a hurdle that could slow things down.
- **0.21344** 🚀: If the price manages to go beyond this point, we could see a substantial increase. This would be a strong indicator that the market is very bullish and demand is high.
However, if the price **fails to hold** at **0.13780** and starts dropping, then we have to look at the **support levels** 🔽. Support levels are where the price is more likely to find buying pressure, as traders see this as a "bargain" or a good entry point. These are:
- **0.1000** 💪: If the price hits this level, it might find some strong support, where buyers step in to prevent the price from falling further.
- **0.1200** 🔽: This is another level to keep an eye on. If the price drops to here, it could be another potential floor, where demand might increase and prevent a deeper decline.
In short, the **resistance zone** at **0.13780** is key—if the price can break through, we could see it head toward higher levels like **0.16000**, **0.1803**, and even **0.21344** 🚀. But if it doesn't hold, watch out for **support** at **0.1000** or **0.1200** as possible areas where the price might find a floor and bounce back up 💪.
Remember, this isn't financial advice! ⚠️ The market can be unpredictable, and it's always best to do your own research and understand your risk tolerance. Stay informed, and always trade wisely! 📚
ETH | ALTCOINS | All Time High NOT IN - Here's WhyToday as I looked at the Ethereum chart, I noticed that unlike BTC - a new ATH has not yet been formed. Interesting, I thought to myself, since ETH usually moves quite closely with BTC.
That is until I pulled up my trusted 3 (Bitcoin, Bitcoin Dominance and TOTAL3) and overlayed Ethereum. A key insight emerged from watching past behavior, leading me to the conclusion that the All Time High for Ethereum is still coming (and likely soon).
Don't miss yesterday's update on an Alt that can still see great increases:
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COINBASE:ETHUSD CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3 BITSTAMP:BTCUSD