Bullish Patterns
30/09/24 Weekly outlookFollowing a very important week in the macro economic landscape, a round of rate cuts that signals a pivot in how governments are tackling their economies, bitcoin saw a surge from the start of the week right through until the end of the traditional trading week on Friday. Up +6.3%.
Last week Bitcoin spot ETFs had a net inflow of US$1.11 billion, and Ethereum spot ETFs had a net inflow of $84.51m. Bitcoin is clearly still favoured by the larger institutional investors, at least for now they are.
This week should be a semi-turbulent week given the forces at play, we've seen the larger economic environment flip to a more risk-on one with the event of a 50bps rate cut starting a period of QE, however, it is also the month end & quarter end. This is a time for "window dressing" the balance sheet and is negative to market liquidity. With banks making their balance sheet risk assessments at the very end of the quarter a shift from holding riskier assets to safer/high quality assets is made and therefor an assets like BTC will fall victim to this.
We are seeing the effects of that at time of writing, BTC has fallen -2.7% today and this window dressing is definitely a contributor to it, albeit a potentially temporary measure and on the 1st OCT that pressure should be relieved. Given the broader market environment, by the end of the week this loss should be recovered and some, IMO any dip is for buying in all of Q4, everything has set up nicely for a strong finish to the end of the year!
BTC - My cute prices predictions for 2025BTC touched 0.786 fib extension, next stop would be 80K after breakout
I set the limit date to 29 of September 2025 as it was the numbers of days of the whole last bull run 2019 to 2021, so don't take it as a fixed date. It could also do the same as this year and top in April 2025 !
Purple trendines are supports from the past bull run, that can act as resistances now, there are 2 different lines because I'm not sure if I have to consider Mars 2020 Covid mini-crash or not.
Here is the plan :
I set 3 targets depending on the momentum we have
In my opinion, without critical failure we will reach at least the red circle.
I will consider we go to the higher station if we break the price target before April or between July & September.
Note that at the last bull run, BTC topped at 69k, 3.272 fib extensions
- red path : between 120 000 & 144 000, 1.618 & 2 fib extensions
Sadly, to me it's most likely we end there, there's too many resistances here in the same area, but its also means we fly to the orange circle very easily if we break those.
But to me staying at the bottom of the channel I drew would be kinda strange so IMO I would say we can go to orange circle
- orange path : between 225 000 & 250 000, 3.272 & 3.618 fib
we touch 120k in April, its also the middle of the parallel channel, then we hit the top of the channel at least 3.272 fib. As I already stated it, it was the top from the last bull run
- green path : Between 315 000 & 340 000, 4.618 fib
at the other purple trend line level
very unlikely, I think for this to happens we need to finish this year at 120k our first target
I will make another post end of year and will remove either the red or the green path depending on the price of the BTC
Vertifcal lines and blue arrows : Vertical lines at the beginning of the first 2 waves, BTC went up 245 days 2 times since end 2022,
I'm confident enough to cash out a bit in April, 245 days after the last low that occurred the 5 of august, and to try to catch it lower, as during this period BTC will go often -20-30%
Bonus : you also get my price target for when it's time to buy back, end summer 2026 we can wait BTC to go back a bit lower than the top of the last bull run, the orange horizontal line at 55555,55
Not a financial advice
Cheers and good luck
IMX Long Spot Position (Support After Breakout)Market Context: IMX is showing strong performance following a breakout and is currently sitting on support. The moving averages are trending upwards, indicating bullish momentum.
Trade Setup:
Entry: Enter a trade around $1.733.
Take Profit:
First target: $2
Second target: $2.5
Stop Loss: Below $1.5
⚡ This setup looks promising for a bullish move. #IMX #Crypto
Pegasystems (PEGA) AnalysisCompany Overview: Pegasystems NASDAQ:PEGA is strategically positioned to leverage the increasing demand for AI-powered customer service solutions. By incorporating advanced technologies such as natural language processing and chatbots, PEGA is enhancing user experiences and streamlining customer interactions.
Key Catalysts:
AI-Powered Solutions: The rising interest in AI technologies provides a significant opportunity for Pegasystems to grow its client base and expand its offerings in customer service automation.
Leadership Insights: CEO Alan Trefler emphasizes the company's commitment to innovation, which is expected to attract new clients and deepen existing relationships, driving revenue growth.
Financial Goals: Pegasystems aims to achieve the "Rule of 40" by 2024, balancing revenue growth with free cash flow margin. This metric is crucial for appealing to investors looking for sustainable growth and profitability.
Investment Outlook: Bullish Outlook: We are bullish on Pegasystems above $61.00-$62.00, reflecting confidence in its strategic initiatives and market potential. Upside Potential: Our target for PEGA is set at $84.00-$86.00, driven by expected growth in AI solutions and the successful implementation of financial goals.
🚀 PEGA—Pioneering AI in Customer Service. #AI #CustomerExperience #Pegasystems
Tencent Holdings (TCEHY) Analysis Company Overview: Tencent Holdings OTC:TCEHY is poised for growth as the regulatory environment in China becomes more favorable, particularly in the gaming sector. The resumption of gaming license approvals has revitalized the market, allowing Tencent to launch new titles that resonate with consumers.
Key Catalysts:
Regulatory Recovery: The easing of regulatory scrutiny around gaming licenses has set the stage for Tencent to reinvigorate its gaming portfolio.
Success of Dungeon & Fighter Mobile: The release of Dungeon & Fighter Mobile has been a standout success, generating $270 million in iOS revenue within the first 30 days. This performance highlights strong consumer demand and effective marketing strategies.
Future Revenue Potential: Analysts forecast that Dungeon & Fighter Mobile could generate between RMB 15-18 billion in 2024, positioning it as Tencent’s most commercially successful game in five years, which bodes well for the company's overall revenue growth.
Investment Outlook: Bullish Outlook: We are bullish on Tencent above $47.00-$48.00, reflecting confidence in its ability to capitalize on the resurgent gaming market. Upside Potential: Our target for TCEHY is $70.00-$72.00, driven by the anticipated success of new game launches and a healthier regulatory landscape.
🚀 TCEHY—Unlocking Growth in Gaming and Beyond. #Gaming #Tencent #MarketRecovery
XRP/USDT: A SLEEPING GIANT! 5-6X PROFIT POTENTIAL!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
XRP looks very promising right now, breaking out from a weekly symmetrical triangle. Historically, similar breakouts have yielded returns of 6-7x, and I’m anticipating a similar outcome this time.
After being contained within this triangle for the last four years, this breakout could signal a significant upward movement. I recommend accumulating during dips.
Entry Range: $0.56 - $0.66
Short Term Target: $1.50 / $2.80
Mid Term Target: 4x - 5x
Long Term Target: 8x - 10x
Stop Loss: Weekly close below $0.50
What are your thoughts on XRP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
CAD/CHF SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on CAD/CHF right now from the support line below with the target of 0.625 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
SWING IDEA - DVLMACD crossover is in play on the weekly charts indicating bullish momentum. Once the crossover happens successfully, we can see a good rally upward at least up to the half way mark of the previous Swing High levels.
Formation of US Company for Bakery and Confectionary Business could be an added boost for the company to start seeing some up move.
Weekly SOLANA Chart indicating BULLRUN soon!
Fellow Solana Investors, Please comment your thoughts on my analysis
I've been watching the Solana price and I'm noticing that on the Weekly chart, SOL is showing upcoming bullish confluence between the RSI/RSI-MA14 and the MACD crossing the Signal Line (above the histogram - which is bullish). Also, the price actions of Solana seems to follow previous patterns of past bullish and bearish runs of the market over the last year. The current price action and indicators appear to show a possible break of the top resistance trendline. Which, to me would indicates an upcoming bullrun, expesially if it breaks that top trendline which could result in a new leg up to a new ATH (All Time High) for Solana.
I don't follow Bitcoin as much, but bitcoin is about to breaks it's own top trendline, since solana follows footsteps with BTC price action pretty well.
Velodrome Finance (VELO) is a sleeping giant. Hidden 100x gem?After diving deep into Velodrome Finance's documentation and dApp, it's become crystal clear that VELO is destined to become a top 20-30 market cap token. The fundamentals and long-term prospects are so strong that, honestly, if it doesn't reach that point, I would be shocked. Here's why:
1. Massive Liquidity and Total Value Locked (TVL)
VELO has an impressive amount of liquidity and demand, and it's only growing:
Velodrome's TVL recently hit $97 million, a significant milestone.
It's the top DEX on both Optimism and MODE chains, showcasing its dominance.
VELO is currently ranked #24 in spot volume across the entire DeFi ecosystem—out of thousands of dApps.
This level of liquidity is crucial for several reasons:
It provides stability and reduces slippage for traders.
It attracts more users and projects to the ecosystem.
It demonstrates strong confidence from investors and users.
2. Innovative Tokenomics and Yield Generation
Velodrome's tokenomics model is designed to encourage long-term holding and participation:
Users can lock VELO tokens for up to four years, receiving boosted rewards.
This lock-up mechanism could potentially create supply squeezes, driving up the token's value.
The protocol offers incredible yield options, making it more likely that users will continue to lock up their tokens.
3. Strategic Position on Multiple Chains
Velodrome's role as the largest DEX on Optimism and MODE provides several advantages:
It's expanding to even more chains, including FRAX, LSK, METAL, and BOB.
As a key player in the Superchain ecosystem, VELO is well-positioned to benefit from cross-chain growth.
Low fees and high liquidity make it attractive for DeFi users, potentially driving more activity to Velodrome.
4. The Coinbase Factor and Marketing Potential
The connection to Coinbase is a game-changer:
VELO is already listed on Coinbase, providing exposure to a large user base.
This early Coinbase listing is a huge factor in its potential growth.
5. Comparative Market Analysis
When comparing Velodrome to other successful DEXes, the growth potential is enormous:
With a current market cap of only $85 million and a fully diluted valuation of $192 million, VELO is significantly undervalued compared to its peers.
As the "little brother" of Aerodrome, VELO has similar fundamentals but at a much lower valuation.
6. Potential for Major Exchange Listings
VELO has yet to be listed on some of the largest cryptocurrency exchanges:
VELO is not currently available on major platforms like Binance and Bybit.
Listing on these exchanges could potentially provide a significant boost to VELO's liquidity and accessibility.
7. VELO Price and Long-Term Potential
The potential for significant price appreciation is a key factor in VELO's appeal:
I can confidently say that VELO's current price might look like a dream in the next 1-2 years.
Right now, it's sitting at $0.10, but I recommended it to my followers when it was under $0.05.
The upside potential here is enormous. I wouldn't be surprised if VELO does a 25x from its current price.
Price prediction is anywhere from $2.5 to $10+
With all the data and liquidity I'm seeing, a 100x or higher doesn't seem far-fetched at all.
Conservative estimates place potential future prices in the 25x range, with some optimistic projections even higher.
8. Sleeping Giant in the DeFi Space
VELO is currently a sleeping giant in the DeFi space:
It's vastly underrated and undervalued compared to its fundamentals.
The token has never seen a bull market, meaning its true potential is yet to be realized.
Getting in now could be considered very early, given its growth trajectory.
Conclusion
VELO is a sleeping giant and it will take many people by surprise. It is in my top 10 list of newer coins that have never seen an alt season. If you think you are too late to AERO, you might be too early to VELO.
While these projections are exciting, it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Always conduct your own research and invest responsibly.
COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT CRYPTOCOM:VELODROMEUSD GATEIO:VELODROMEUSDT BITMART:VELOUSDT COINEX:VELOUSDT
TOTAL3-USDT - RISK ON - ALTSEASON IS HERE!This will be the most important Weekly Close of the cycle for Altcoins.
TOTAL3-USDT has shown a “3 White Soldiers” pattern and broken out of its Bull Pennant and Bull Market Support Band.
RSI has also flipped bullish.
The last time this happened Q4 2020, Alts ripped ~1,100% over a 1 year period.
This rally has been fueled by the Fed announcing a massive 50 Bps Rate Cut, with PBOC doing the same shortly after.
More rate cuts are expected November 6th and December 17th to push risk even further.
Get ready for all your normie friends to start messaging you asking for crypto advice.
I personally have experienced this the past week.
$PRO Massive Breakout Underway From Descending WedgeMassive breakout underway for Propy as it pushes through its descending wedge on the Daily.
Yesterday NYSE:PRO got its biggest influx of buying volume in 6 months, largely in part to this whale typing 😉
Propy has been building the RWA real estate narrative since 2017.
It’s a micro-cap sitting at $60m on BASE.
Kind of a no-brainer to put in your portfolio here.
BEAMX/USDT: READY FOR A 200% MOVE TO THE UPSIDE!!Hey everyone!
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BEAMX looks good here. It breaks out from the falling wedge-like structure and looks ready for a 200% move to the upside. Buy some now and add more in the dip.
Entry:- CMP and add more up to $0.017
Target:- 150-200%
SL:- $0.0152
What are your thoughts on BEAMX's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Ethereum Continues Strong Performance with 4% Weekly GainMarket Update:
Ethereum closed another strong week, with a 4% price increase, driven by buyer momentum pushing prices above $2,600.
The next target for ETH is $2,800, which will act as a key resistance level.
Technical Outlook:
Momentum has steadily shifted bullish since September, allowing ETH to break out of the downtrend that began in March, bringing optimism back to the market.
If sellers return, Ethereum has solid support at the $2,400 level, ensuring stability in the current price range.
#Ethereum #ETH #CryptoMarket #PriceUpdate #BullishMomentum #CryptoRecovery #ETHTargets
GBP/CHF LONG FROM SUPPORT
Hello, Friends!
GBP/CHF is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.133 level.
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NEIRO - Following the Hype...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈NEIRO has been overall bullish , trading inside the flat rising channel in orange.
Moreover, it is approaching a massive round number $0.001.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the $0.001 and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #NEIRO approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Why Aerodrome Finance (AERO) Will Be A Top 20 CryptocurrencyAfter diving deep into Aerodrome's whitepaper and dApp, it's become crystal clear that AERO is destined to become a top 10-20 market cap token. The fundamentals and long-term prospects are so strong that, honestly, if it doesn't reach that point, I would be shocked. Here's why:
1. Massive Liquidity and Total Value Locked (TVL)
AERO has an insane amount of liquidity and demand, and it's only growing:
Aerodrome's TVL recently hit $1 billion, a massive milestone.
The BASE chain, which AERO is built on, has reached $2 billion in TVL for the first time ever.
AERO is currently ranked #32 in TVL across the entire crypto ecosystem—out of thousands of tokens.
It's only a matter of time before AERO climbs into the top 20, maybe even the top 10 or top 5 in terms of TVL.
This level of liquidity is crucial for several reasons:
It provides stability and reduces slippage for traders.
It attracts more users and projects to the ecosystem.
It demonstrates strong confidence from investors and users.
2. Innovative Tokenomics and Yield Generation
Aerodrome's tokenomics model is designed to encourage long-term holding and participation:
Users can lock AERO tokens for up to four years, receiving boosted rewards.
This lock-up mechanism could potentially create supply squeezes, driving up the token's value.
The protocol offers incredible yield options, making it more likely that users will continue to lock up their tokens.
With these crazy yield options, it's truly surprising that more people haven't caught on yet.
3. Strategic Position on the BASE Chain
Aerodrome's role as the largest DEX on the BASE chain provides several advantages:
BASE is one of the fastest-growing chains in crypto, with over 1.3 million active addresses—more than any other EVM chain, including Ethereum.
As the "unofficial token" of BASE, AERO is well-positioned to benefit from the chain's rapid growth.
BASE's low fees and high liquidity make it attractive for DeFi users, potentially driving more activity to Aerodrome.
4. The Coinbase Factor and Marketing Potential
The connection to Coinbase through the BASE chain is a game-changer:
Aerodrome is already listed on Coinbase, providing exposure to a large user base.
As Coinbase's layer-2 solution, BASE is likely to receive substantial marketing and development support.
When Coinbase decides to push BASE hard, AERO will be right at the center of it, benefiting from Coinbase's massive resources and marketing power.
5. Comparative Market Analysis
When comparing Aerodrome to other successful DEXes, the growth potential is enormous:
Uniswap, a leading DEX, hit a $20 billion market cap at its peak.
If Aerodrome were to achieve similar success, it could easily match or exceed this valuation.
6. Technological Innovation and Development
Aerodrome continues to innovate within the DeFi space:
The protocol has implemented advanced features like concentrated liquidity and multiple fee tiers.
Ongoing development and upgrades could further enhance Aerodrome's competitive edge.
The team's ability to adapt to market needs and introduce new features will be crucial for long-term success.
7. Community and Ecosystem Growth
A strong and engaged community is vital for any crypto project:
Aerodrome has been gaining traction on social media platforms and crypto forums.
The number of unique addresses interacting with the protocol has been steadily increasing.
Partnerships and integrations with other DeFi protocols could further expand Aerodrome's ecosystem.
8. Potential for Major Exchange Listings
As of now, AERO has yet to be listed on some of the largest cryptocurrency exchanges:
AERO is not currently available on major platforms like Binance and Bybit.
Listing on these exchanges could potentially provide a significant boost to AERO's liquidity and accessibility.
The increased exposure from major exchange listings often leads to heightened interest and trading volume.
Early adopters who invest before major exchange listings often stand to benefit the most from potential price appreciation.
9. Exclusivity to BASE Chain: A Strategic Advantage
Aerodrome's decision to remain exclusive to the BASE chain is a strategic move that could significantly benefit both the protocol and the chain:
By keeping the AERO token and protocol exclusive to BASE, Aerodrome helps drive users and liquidity directly to the BASE chain.
This exclusivity creates a symbiotic relationship: as Aerodrome grows, it naturally increases activity and adoption of the BASE chain.
Concentrated liquidity on a single chain can lead to better trading experiences, lower slippage, and more efficient price discovery for AERO.
10. AERO Price and Long-Term Potential
The potential for significant price appreciation is a key factor in AERO's appeal:
I can confidently say that getting AERO under $1 might look like a dream in the next 1-2 years.
Right now, it's sitting at $1.30, but I recommended it to my followers when it was under $0.10.
The upside potential here is enormous. I wouldn't be surprised if AERO does a 25x from its current price.
With all the data and liquidity I'm seeing, a price of $30 or even $50+ doesn't seem far-fetched at all.
Conservative estimates place potential future prices in the $20-$30 range, with some optimistic projections even higher.
Conclusion
This train is leaving the station, and it's only going to get bigger, bigger, and bigger. With all the liquidity, yield, and demand driving this token forward, AERO has quickly become my #1 favorite token in crypto, and I don't see that changing anytime soon.
While these projections are exciting, it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Always conduct your own research and invest responsibly.
COINBASE:AEROUSD KUCOIN:AEROUSDT COINEX:AEROUSDT CRYPTO:AERODUSD GATEIO:AEROUSDT CRYPTOCOM:AEROUSD BYBIT:AEROUSDT.P BITGET:AEROUSDT GATEIO:AEROUSDT PHEMEX:AEROUSDT MEXC:AEROUSDT.P BYBIT:AEROUSDT.P