Total 3 Analysis & name your altSimilar to Bitcoin, altcoins also began a correction in March.
Although this correction has been steeper, it remains a correction. After breaking below the 600B support, the total altcoin market found support around 500B and is now trading back above 600B, suggesting a false break.
The confluence of falling line resistance and horizontal resistance around 650B indicates that a break above this level should accelerate gains for the total altcoin market and potentially lead to a retest of the previous high.
In a more optimistic scenario, if Bitcoin heads towards 100k, we could even see a 1T market cap for altcoins.
P.S. I see a lot of altcoins with great potential. Would you like me to look into any specific ones for you?
Regards!
Mihai Iacob
Altsignals
Token name from you, Analysis with me(6/29/2024)Hi everyone; I hope you have a great weekend.
Please write the Project name and Token symbol in the comment section, and I will then share the token analysis with you.
Please pay attention to the conditions.
For example, write Bitcoin(BTC) in the comment.
Project name: Bitcoin
Token symbol: BTC
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Your token analysis will be shared below your comment .
I hope you are always healthy first and then rich.
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ALTCOINS REQUESTS: Request YOUR Analysis HERE ! --\(˙<>˙)/--Request up to three alts that you'd like analyzed!
Here are some I've analyzed recently:
1) CRONOS / OKX:CROUSDT
2) BNB / BINANCE:BNBUSDT
3) PEPE and TOAD / BINANCE:PEPEUSDT MEXC:TOADUSDT
4) Solana / KUCOIN:SOLUSDT
💎 And just a bonus on how to trade NEWLY Released altcoins:
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Worried about holding Alts? Remember this chart!
The Alt market cap is currently showing strong support around the $1.112T mark. After a decisive breakout from the descending channel, we are now seeing a period of consolidation. This suggests a potential for further upside if support holds.
📈 Key Observations:
- Breakout from the descending channel indicates a bullish trend reversal.
- Support around $1.112T is crucial; maintaining above this level could lead to further gains.
- Watch the weekly close for confirmation of this trend.
Stay vigilant
Do hit the like button.
Thank you
#PEACE
CRONOS: THIS ALT can EASILY +100% From Here - CROUSDTCOINBASE:CROUSD
Cronos is an altcoin that I've been bullish on since the beginning for the year, and we've already seen our first two TP Point (Take Profit Points) hit, UP +40%.
The good news is that CRO still has HUGE upside potential, with the next TP +100% from where the price is currently trading in accumulation zone.
In the 4h, we see a clear reversal and turn towards the upside, indicating bullish momentum showing up in the short timeframes. This is as good as it gets buy zone, because we have just finished our correction and successfully retested the 50d Moving Averages in the weekly timeframe:
This could take some time to play out, but patience is your friend!
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DYDX - Lost Case? Time to JUMP SHIP?👎🤔DYDX-USDT🤔
We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:
Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:
To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.
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BINANCE:DYDXUSDT
PEPE - DOWNTREND, another DUMP coming 📢📢 PEPE-USDT📢
PEPE has seen an amazing bull cycle, increasing 800% parabolically over a few week. It's safe to say that just from this fact, a bear market is up next and we can already see the sins of an early bear market starting.
Our highly accurate technical indicator is showing that the bullish phase is long over, flashing a "SELL" signal a few candles back:
When we start to trade UNDER the green trendline, the price turns bearish and the trendline will now become red. For now, at least, it seems as though altseason may be over.
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BINANCE:PEPEUSDT
ALTS withstanding the final Resistance before ATH rally.It couldn't be any more simple than that. The altcoin market is having the last short-term correction before an surge past the All Time Highs (ATH). The Pressure Zone 2, which is the Resistance Zone coming off the Bear Cycle's first Lower High, is the last volatility variance and effectively last opportunity to enter before alts start the most aggressive part of the Bull Cycle.
As you can see, they traditional lag behind Bitcoin (BTCUSD), which has already broken past (even marginally) its previous ATH. The pattern is identical to the last Cycle and based on historical behavior, there is no reason to expect something different this time too.
Get ready for a very aggressive Altseason.
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ALTS are ready to explode after this Golden Cross! DON'T MISS ITThe Crypto Total Market Cap excluding BTC (TOTAL2), which is essentially the altcoin market, just completed a Golden Cross on the 1W time-frame. That is the first such formation since September 14 2020.
As you can see, that was during the middle of the previous Bull Cycle, around the 0.5 Fibonacci retracement level and past the Accumulation Phase (blue Rectangle). The 1W Golden Cross essentially signaled the start of the Parabolic Rally (green Rectangle) 3-4 weeks later, which is the most aggressive part of the Cycle and what is otherwise known as 'Alt Season', the time when alt coins see extraordinary growth.
The similarities between the two Cycles so far are striking. The Accumulation Phase was very long and took place on 1W RSI Higher Lows, a Bullish Divergence that paved the way to the Cycle's Rally. Note that this is only the 2nd 1W Golden Cross of the market, a feat that traders and investors should not miss and take advantage of. As long as the 1W MA50 (blue trend-line) supports, the market will continue to be on the Bull Cycle and enjoy its biggest gains.
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ALTcoins - sh*&coin cycles - the casino that never closesALTcoins - sh*&coin cycles - the casino that never closes
ZOOM into this puppy to see the short term action better
Its been awhile since i looked at altcoins. we are experiencing a macro pivot here imo.
I have been loading up for months now. Will rotate out of the BTC bag after we hit the zone I am looking for on btc dom chart (see attached), into whatever alts in my port have done the best on this pre run we are getting now.
Altcoins have been VERY cyclical. I mean look at those repeating momentum cycles, its clear asf. You have to be blind not to see it. You can thank the whale algos for that. Altcoins, and crypto in general is just a huge casino, these guys just milk retail over and over.
Trick is you gotta learn to see what they are doing not what their bots or paid shills are telling you on twitter.
Ride the dragon then jump of that mofo before it evaporates.
I've been through several of these now and am only just learning the ways. Yes I am an idiot, I should be filthy rich by now, but the big picture is becoming clear to me..
Big question here is ; do we get some big black swan event, looking like late Nov, like last cycle, or just a healthy correction on the way up into the stratosphere??
"Show Me The Charts and I'll Tell You the News"
Trade Opportunity - MOON COINMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
QUICK will have have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action , it reminds me of how many other coins set up in the last Bull market before it went parabolic and of course similar to AERO and other ALTs that just mooned
Please watch the video for more information
have a great weekend
CHZUSDT Trade Idea - Moon wainting! Tick, Tock...Hi to all TV people, today I charted Chilliz .
This is NOT a major cap coin, but who cares... we want moon right?
Here we have a few data:
Market Cap: 561 Million
All Time High: 0.8915$
Today's price: 0.07364 (-91.83% from ATH)
Low market cap means more room to grow, on the other side more volatility.
Chilliz broke out from descending wedge forming from January 2023 . Measured target is a 2X from here . I think more is yet to come. Just be careful about crypto and global market conditions.
In my opinion we can reach easily 0.14 mid-term. We need to watch more from the rest market to know if there are the conditions for this alt to grow more.
My suggestion is to hold spot in your alts bag, no leverage.
Not a financial advice, always DYOR.
Good luck.
ShadowPlayer.
JUP - Jupiter in DANGER after Airdrop Criticism ❗📉Hi Traders, Investors and Speculators of Charts📈
Because Jupiter is newly released, we're currently seeing that first hard initial dump. This is mostly airdrop holders dumping and traders shorting on the way down. And unfortunately in the short term timeframe, there isn't sufficient buying pressure showing up to outweigh the enormous selling pressure:
Being unable to close ABOVE resistance after that low wick indicates heavy selling pressure and insufficient buying pressure, short term.
Another scary development is criticism from the community about the airdrop. According to a few news outlets, users are concerned that Jupiter is using this open market opportunity to raise funds without users being “completely aware” this was the case.
A key issue raised is about the Jupiter team’s method of offering JUP on the open market.
Users are claiming this is basically to raise funds from the open market and according to critics, this detail was not clearly communicated to those participating, leading to discussions about the level of transparency and the degree to which buyers were making informed decisions.
The Jupiter team has been very active on X and quickly responded to concerns. Meow, the founder of Jupiter, wrote in an X post that the team would have received more funds had they opted for an over-the-counter deal or a regular initial DEX offering. According to the team, the reason they had launched their token in the way they did was to ensure that airdrop recipients would be able to sell into a massive pool, while prospective buyers would have the assurance that there would be a big enough pool to absorb selling pressure from airdrops.
We have gathered just enough data from the exchanges to form a 200d moving averages in the 1h. Naturally, to even begin to consider a trend reversal, we would need to see price action ABOVE all the moving averages in the 1h:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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KUCOIN:JUPUSDT
Trade Opportunity MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
www.tradingview.com
ACE Is a new coin and new coins have been doing very well. I am long this coin with a stop loss in place but I am looking to add to this on dips .
There is very good opportunity here but listen to the video carefully and never take unnecessary risks ....
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
INJ - Is the Bull Rally Over?📉Hi Traders, Investors and Speculators of Charts📈
With this chart, we aim to identify the current phase of INJ by using the Wyckoff Method . The Wyckoff Method can be extremely technical and complicated, with many phases, sub-phases, sub sub phases etc. The four main phases of the market cycle are accumulation, markup, distribution, and markdown. On this specific chart, we're taking a look at what comes next after the big bullrun is completed.
Furthermore, a brief look at the phases:
Start of the Bullish Cycle:
The price start increasing rapidly, often making parabolic increases. Pullbacks are short-lived, and the rally continues afterwards.
PEAK:
This is the clear ATH that is established by the bullish cycle. This is where the buyers run out and the tables turn to where sellers start to dominate for the upcoming bearish phase.
Failed Rally:
The buyers try one more time to push past the previous high, but fail. Instead, a lower high is made and is usually marked by a bearish pattern or double top candlestick.
Accumulation Phase:
This is usually considered the boring zone. This is where price trades range for a long period of time, whilst whales bulk up for the bullish cycle to come next.
All of the above in mind, I believe we are currently trading towards the failed rally phase. This means that we may still test support zone / resistance zone multiple times, until either the bears or the bulls take charge.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:INJUSDT
The time to be bullish on ALTS is NOW.It hasn't been that long (October 05 2023) since we called for the start of a major Alt Season ahead:
As you can see, we caught the absolute bottom on the 494.45 Support, a pattern purely modeled out from the January - April 2023 sequence. On today's market update we look it from a wider perspective by comparing the current price action to the previous 2 Cycles.
Based on the 1W RSI and Gaussian Channel, the current market consolidation since December is very similar to August - October 2020, April - May 2016. We are above the Gaussian Channel, which turned green after the week of January 08, supported by the blue Lower High Support Zone. The 1W RSI has pulled back from the December 2023 overbought levels, which is again similar to the 2020 and 2016 sequences. We are basically on the symmetrical Support level where the past consolidations bottomed.
As a result, the Alts Market seems to be around the lowest level one can enter before rallies similar to late 2020 - 2021 and early 2016 - 2017 take place.
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Alt/Usdt 1$ Soon
Alt/USDT appears to be exhibiting strength and shows potential for price appreciation in the upcoming days. I anticipate its price to rise similarly to Ordi and Xai/USDT. However, it is important to note that this is solely my personal opinion and should not be considered as financial advice. Disclaimer: The following statement expresses a personal idea and does not constitute financial advice.
Polygon|The possibility of a BEARISH trendHello guys, I hope my analysis was useful for you.
This is my overview of Matic, check it out if you like.
Last week we expected more growth from the support zone, which invalidated our target areas with a strong bearish lag.
Now the upward trend that came in the form of a channel is placed on a support area.
I expect that with the breaking of this downward channel and the stabilization of the price below the support area, Metic will enter a downward trend, which will first experience the support area of 0.62 and then continue its decline until the price of 0.52. .
ALTS Exciting time to be invested in the crypto market.The altcoin market is one of the markets that deserves our attention as we close 2023 and start the new year. We have been mentioning that on numerous analyses but the current idea couldn't display it in a simpler, yet more informative way.
As you see this is the total market cap excluding Bitcoin (TOTAL2) on the 1M time-frame. The 1M MA5 (blue trend-line) is about to cross above the 1M MA20 (green trend-line) and form the first such Bullish Cross pattern since April 2020. The only time besides this one that we had such pattern formed was on February 2016. What followed after both sequences was insane parabolic rallies, what is known in the market as 'altseason'. The 1M RSI patterns of the current and the previous Cycle are identical, starting with Lower Highs and now pointing to the exact symmetrical level of April 2020 as the RSI is taking off.
Insane alt season just starting?
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MOVR :Parabolic upside potential +1600%Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
With the BTC Dominance drooping, I expect to see a rally in altcoins over the next few days until Bitcoin starts to increase again. One of the altcoins I'm keeping a close eye on is MOVRUSDT. It's fairly new, finished the nasty dump and now trading sideways in accumulation phase meaning next up - the parabolic run.
Taking a quick look at RSI, LSMA, EMA and Momentum in the Phoenix Ascending indicator as well as the moving averages, with the 200d MA giving us our first potential target of HKEX:13 for the near term.
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TRX Ready for Parabolic Bullish Cycle ⬆BINANCE:TRXUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
After finally breaking out of triangular consolidation, TRON has confirmed a reversal after the bearish market and is starting a new bullish cycle. From the left we analyze the trend lines to get targets for the next bullrun and on the right we take a quick look at technical indicator CryptoCheck START V3.5 to confirm the bullish bias.
INCASE YOU MISSED IT : 👉 Another altcoin recently formed a bullish pattern:
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PEPEUSDT - Macro Outlook BULLISH🐸Hi Traders, Investors and Speculators of Charts 📈📉
At opening, Pepe Coin surged in trading volume, outperforming Dogecoin and Shiba Inu!
PEPE seems to have finally bottomed out after the opening crazy. This concludes the completion of the first cycle for a newly released altcoin, the liquidity drain cycle.
From the chart we clearly see a short period of accumulation where the price trades sideways after bottoming out. This is where coins are accumulated to prepare for the next cycle or market phase, which is the upwards cycle. It's hard to say distinctively how high the price can go, but back up towards the opening price is always a reasonable target.
Pepe's trading volume reached an astounding $281.3 million during the opening periods. The meme-inspired altcoin boasts a market capitalization of $631 million, exhibiting significant growth over the past week. In comparison to the more popular meme cryptocurrencies, Pepe has surpassed expectations in terms of trading volume.
Notably, Dogecoin, with a 24-hour trading volume of $189.2 million and a market cap of $9.3 billion, trailed behind Pepe despite its larger user base and popularity. Similarly, Shiba Inu, another meme cryptocurrency, recorded a 24-hour trading volume of $100 million and a market cap of $4.6 billion, falling short in comparison to Pepe's performance.
This surge in Pepe Coin arrives amidst a week of overall gains in the cryptocurrency market. Bitcoin (BTC) and Ethereum (ETH) both increased over the past week. Bitcoin's 24-hour trading volume stands at $10.6 billion, while Ethereum's is at $7.2 billion. The rise of Pepe Coin highlights the enduring popularity and unpredictable nature of meme cryptocurrencies, which often experience rapid and substantial price movements. Pepe Coin itself has surged by an impressive 64% within the past week alone.
The trading volume has been hovering around the $200 million mark, demonstrating significant interest. Moreover, Pepe Coin has achieved a remarkable 65% increase over the last 14 days. While it is still 64% below its all-time high of $0.00000431 from early May, the recent gains suggest that Pepe Coin has solidified its position as a meme token and is poised for further rallies in the future. On-chain data reveals that whales (large-scale investors) are continuing to accumulate Pepe Coin, further supporting the possibility of an upcoming surge.
Analyzing Pepe Coin's chart, despite the slight dip in the past 24 hours, several positive indicators emerge. The relative strength index (RSI) has recently trended upwards after briefly falling below 50, suggesting a potential regain of momentum. Additionally, the 30-day moving average remains significantly above the 200-day average, indicating ongoing buying pressure and a favorable position for Pepe Coin. It is worth noting that the coin's support level has increased over the past week, minimizing the potential for further decline and setting the stage for a renewed upward trajectory.
While Pepe Coin's rise may not be rooted in fundamental reasons or utility, its enduring community and market interest bode well for future gains. Whale accumulation, as demonstrated by available data, contributes to the optimistic outlook. It should be noted, however, that whale predictions are not infallible. Nonetheless, with sustained whale buying, Pepe Coin stands a strong chance of experiencing further growth in the near future. From its current level of $0.00000153, it could potentially rise to $0.0000020 in the coming weeks, with even more substantial gains expected in the months ahead, potentially toward the end of the year.
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OKX:PEPEUSDT BINANCE:PEPEUSDT BITGET:PEPEUSDT KUCOIN:PEPEUSDT KUCOIN:PEPEUSDT MEXC:PEPEUSDT MEXC:PEPEUSDT.P COINEX:PEPEUSDT OKX:PEPEUSDT.P CRYPTO:PEPEUSD
This ALT Coin Is Moving Into Bull MarketMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
This chart helps show you why OGN is about to moon.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
MartyBoots