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ADA on the Verge of a Bullish Breakout: Key Levels to Watch❓ What’s the secret to capturing long-term growth in the crypto market? For many traders, it's about recognizing key moments in the market and aligning their strategies accordingly. Today, we’re going to dive into one of the most popular altcoins: Cardano (ADA) . With a sharp recovery recently, ADA is showing signs of a potential trend reversal. I’m Skeptic , and together, we’ll explore how to identify key triggers for buying or selling in this market. 🔮 Strategies and Tools Daily Timeframe Analysis After a strong rally, ADA has entered a corrective phase, retracing after an impressive 300% surge. Recently, however, we’ve seen a new bullish momentum forming, potentially pushing ADA past significant resistance at $1.3256. This would signal a continuation of the primary uptrend. Key Levels: Support Zone: $0.75 Resistance Zone: $1.3256 Trading Strategy: Look for a breakout above $1.24 (a key level) for confirmation of the upward momentum. Watch Bitcoin and USDT.D for additional confirmation—these can influence ADA’s movement significantly. If Bitcoin’s RSI breaks above 62.64, we could see further confirmation. 📈 4-Hour Timeframe Analysis In the shorter time frame, ADA has formed a descending corrective channel, but has now broken out and is retesting the previous resistance at $1.1427. This could potentially be an ideal spot for a long position if the price breaks above this resistance. Key Indicators: RSI: Approaching overbought levels at 70. This signals the potential for a breakout. SMA7: Shows strong upward momentum, further confirming bullish pressure. Trade Setup: Consider entering a long position once resistance at $1.1427 is broken. Stop-Loss: Place a safe stop-loss below recent support levels. Caution: Avoid shorts for now; wait for the price to establish a new range and trend direction. 📊ADA is presenting an exciting opportunity, but it’s important to wait for the right trigger points. Whether you're trading the breakout or waiting for confirmation, patience and discipline are key. Which stage are you at in your trading journey? Are you practicing patience, or are you jumping in at the first sign of a rally? Share your thoughts in the comments! I’m Skeptic , and I’m here to simplify trading, one step at a time. Let’s keep growing together! Don't forget to stay disciplined in your risk management :) 🤍
Long
by SkepticWise
2
BTC Daily Bullish Pennant FormationThis is the daily chart for BTC/USD. BTC appears to be trading inside a triangle after a large bullish impulse. Price is currently trying to regain the 50 simple moving average (yellow line). If BTC breaks the 50 day simple moving average, I expect the price to break out of the pennant forming and test higher highs. RSI is nuetral at 52 at time time of publishing. Price action has maintained candle closes on the daily above 92k. Target for the next leg up is the 1.618 extension from the most recent High to swing low. This would put the PA around 120k. NFA, do your own DD. Thanks for viewing the idea.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
Solana (SOL) Analysis: Fundamental and Technical Breakdown📊 Solana reached its all-time high (ATH) of $264 on November 22, but has since entered a corrective phase, experiencing price volatility in recent weeks. In this analysis, we will explore both the fundamental and technical aspects of this popular cryptocurrency to uncover potential trading opportunities. Fundamental Analysis 🔄 1. Anticipation of a Solana ETF: Major financial institutions like VanEck and Grayscale are competing to launch a Solana ETF. The U.S. Securities and Exchange Commission (SEC) is expected to announce its decision by January 2025. With a 77% estimated chance of approval, this could positively impact SOL’s price. 2. Total Value Locked (TVL) :Solana's ecosystem has seen a consistent rise in its TVL throughout 2024, driven by ecosystem expansion and the launch of meme coins on its blockchain. 3. Market Sentiment and Volatility: Investor sentiment towards Solana remains mixed. The Net Unrealized Profit/Loss (NUPL) indicator suggests holders are cautious. Entering the fear zone may create buying pressure opportunities. Overall, Solana’s fundamentals indicate significant growth potential, but traders should also be mindful of existing challenges. Technical Analysis 🔢 Weekly Timeframe: Solana is trending within an ascending channel, showing strong momentum and volume. After correcting from its ATH of $265, SOL has reached the channel’s midline. As long as SOL remains above the key support zone of $150-$165 , traders can seek long opportunities for both futures and spot holdings. Daily Timeframe: A breakout above the $245 resistance could signal a strong buying opportunity for holding positions. If a deeper correction occurs, this level might adjust, and updates will follow. 4-Hour Timeframe: Recent price fluctuations stem from U.S. job market news, strengthening of the DXY, Bitcoin’s decline, and rising BTC dominance. A breakout above $202 could trigger a long position, contingent on traders confirming their setups. Trigger Confirmation Tips: Method 1: Watch for a rejection at resistance, and enter on the next breakout. Method 2: Enter on a successful retest (pullback) post-breakout. For short positions, watch for a breakdown below the $160 support zone. 🚀 Solana presents promising opportunities backed by solid fundamentals and technical setups. However, managing risk and waiting for proper confirmations remain crucial. Are you ready to capitalize on Solana’s next move? Share your thoughts in the comments! I’m Skeptic , here to simplify trading and help you achieve mastery step by step. Let’s keep growing together!
Long
by SkepticWise
1
"INJ support at $17.30-$18.30, potential reversal to $27-$45." INJ/USDT Detailed Chart Analysis and Trade Plan This analysis aims to provide an in-depth view of the current market structure for INJ/USDT, highlighting a potential reversal zone and long-term upside targets. --- #1. Current Market Structure Analysis - Support Zone: $17.30 - $18.30 - This range aligns with a visible **Fair Value Gap (FVG)** and a potential **bullish order block** from historical price action. - INJ has consolidated around this zone, indicating a strong **buying interest** from previous liquidity sweeps. - Why is this important? - FVGs are areas where price has moved rapidly, often leaving inefficiencies that the market tends to revisit. Coupled with the order block, it strengthens the probability of reversal. - RSI Oversold Signal: - The **Relative Strength Index (RSI)** is at **38.49**, nearing oversold levels. Historically, bounces occur when RSI enters this zone, indicating that sellers may lose momentum. - EMA Levels (Resistance): - The **50 EMA ($23.62)** and **200 EMA ($23.52)** are acting as resistance. A breakout above these levels would likely confirm a stronger bullish reversal. --- 2. Reversal and Upside Targets - Take Profit Levels: - Target 1 (TP1): $27.30 - This corresponds to a prior liquidity zone where sell-side pressure emerged. Price may face resistance here before breaking higher. - Target 2 (TP2): $35.00 - This level aligns with a significant **swing high** and an untested order block, providing a more ambitious long-term target. -Target 3 (tp3) :45$-50$ for long term . --- 3. Key Levels and Trade Setup | **Zone** | **Price Range** | **Action** | |-----------------------|------------------|--------------------------| | **Support Zone** | $17.30 - $18.30 | Look for long entries | | **Stop Loss (SL)** | Below $16.80 | Risk management | | **Take Profit 1 (TP1)** | $27.30 | Partial exit | | **Take Profit 2 (TP2)** | $35.00 | Final exit | **Position Scaling** | Add $45-$50 near confirmation signals to build a stronger position | --- 4. Sentiment and Fundamental Factors - Injective Protocol's Key Strengths: - Known for **high-performance Layer 1 blockchain** optimized for DeFi and decentralized exchange (DEX) applications. - Recently, INJ has seen increased adoption with features like **decentralized perpetuals**, cross-chain bridging, and seamless liquidity. - Bullish Catalysts to Watch: - Ecosystem Growth: Partnerships or developments in **DeFi adoption** and higher trading volumes on Injective-based DEXs. - Protocol Upgrades: Any enhancements that improve the scalability, security, or interoperability of the platform. - Macro Market Trends: Bullish momentum in the broader crypto market could act as a tailwind for INJ. --- 5. Risk Management - Entry Precision: - Set limit orders near $17.30–$18.30 to capture entries at optimal levels. - Risk/Reward Ratio: - Assuming a stop loss at $16.80 and TPs at $27.30/$35.00, the -risk/reward ratio exceeds 3:1, offering a favorable trade setup. 6. Final Notes This trade is structured around the following: - Strong confluence of technical indicators. - Positive sentiment in the **DeFi space**. - Potential for a broader crypto market rally. If the price holds above the $17.30–$18.30 zone and breaks the EMAs, the likelihood of a bullish breakout increases significantly.
Long
by PROFITPULSE10X
BITCOIN MARKET CYCLEThe common misconception among market participants is that, they say we’re just at the beginning of the bull run, but what many don’t realize is that we’re actually nearing its end. The bull run began in November 2022, and we are approaching what is known as the "blow-off top." During this phase, there will likely be a mini altcoin season in Wave 5. In this Wave 5, many self-proclaimed gurus and influencers will hype the market, claiming, "We’re just getting started!" This will entice market participants to keep chasing gains, only to end up trapped when the bear market sets in because they failed to take profits. Always remember to be smart, study the market cycle carefully, and make informed decisions. Taking profit at the right time is key to avoiding losses.
Education
by chase_ID
1
TradeCityPro | UNIUSDT Delay in Crypto Bullrun👋 Welcome to TradeCityPro Channel! Let’s analyze today’s altcoin during these days when most people are focused on red candles and feeling FOMO, inviting you to stay calm. I have a feeling that these corrections and the previously released interest rates have caused the bull run we have in mind to be slightly delayed, but this event has also increased its probability. 🌐 Overview Bitcoin As always, before starting today’s altcoin analysis, we’ll take a look at Bitcoin in the 1-hour timeframe. We’ve reached the 91830 support level and had a good reaction to it, which further highlights its importance. However, after this reaction, we formed a lower high and got rejected, moving towards this level again. If you pay attention, exchange orders have significantly decreased, and we can say that no one is making any specific trades, with most people waiting. If the 91830 support is broken, we can move toward 86,000 USD , In case of breaking this support and Bitcoin moving downwards, if its dominance is also dropping, it’s a good idea to open a short position on Bitcoin. On the other hand, if Bitcoin dominance is breaking through the 58.11% resistance, altcoins will face sharper declines. 📊 Weekly Timeframe In the weekly timeframe, UNI has a relatively better position compared to other altcoins and has shown good upward movements, which is not unrelated to its excellent DEX platform. The weekly candle for this week will close in 3 days. However, what has happened is that last week’s candle has been engulfed, and a lower high has formed, which could indicate temporary profit-taking. For another entry, this 14.844 resistance, which is currently being rejected, is a good trigger. The main ceiling is 18.865, where you can make your purchase, and your first target would be 42.575. 📈 Daily Timeframe In the daily timeframe, after breaking through the 9.394 resistance, we had a good upward movement reaching 18.664, which has been a profitable move. It was logical to withdraw your initial capital when your investment doubled, leaving the rest of your coins free of charge. After rejecting the 18.664 resistance, breaking the temporary 15.289 support, we moved toward 12.501, and after pulling back to 15.289, we formed a lower high than 18.664 and are now back at this critical support. On the other hand, the 12.501 support zone aligns with the 0.382 Fibonacci level, which is of great importance. If we rebound from here, we can experience a good upward movement. However, breaking this support could lead to lower levels, such as 9.394. The key point about UNI compared to other altcoins is that it is currently above a higher support level than the rest of the market. If we fake out the 12.5 support, it’s a good trigger for entry , If we rebound from this support and break the 15.289 resistance, you can buy with a 12.5 stop loss , If you miss these two triggers, buy after breaking the 18.664 resistance with a confirmed 12.5 stop loss. If none of these three scenarios are activated and the price moves toward lower levels like 9.394, I will update the analysis for you after the downward wave's momentum decreases and provide a new trigger. Breaking the 12.5 support can also serve as a trigger for opening a futures position in lower timeframes, but don’t forget about profit-taking and small stop-losses. Overall, this is a chart worth having on your watchlist. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
8
BTC.D Breakdown the Next Altcoin Bull Run Closer Than You Think?Bitcoin dominance (BTC.D) is a crucial metric that reflects Bitcoin's market share relative to the overall cryptocurrency market. A rising dominance often signifies Bitcoin outperforming altcoins, while a declining dominance suggests increased strength in altcoins or a broader altcoin rally. The current chart provides critical insights into the state of Bitcoin dominance, the potential implications for market dynamics, and the timeline for future movements. Key Observations and Technical Insights 1. Breaking the Rising Wedge Pattern The weekly chart shows a classic rising wedge pattern that Bitcoin dominance has adhered to for an extended period. A breakdown from this pattern is a bearish signal, indicating a potential shift in dominance from Bitcoin to altcoins. The wedge breakdown was accompanied by significant bearish momentum, validated by a retest of the breakdown level. This technical development is a strong indication that BTC.D has entered a new phase of its trend. 2. Current Consolidation Zone Following the breakdown, BTC dominance has entered a consolidation phase within the highlighted rectangular box (approximately between 53.2% and 58%). The consolidation suggests market indecision as Bitcoin retains relative strength but altcoin activity starts to increase. Volume levels during this phase are moderate, reflecting a lack of aggressive participation, which is typical before a major directional move. 3.Key Levels to Watch Resistance: The upper boundary of the box (58%) aligns with prior rejection levels. A move above this could indicate a temporary resurgence of Bitcoin dominance, potentially due to increased Bitcoin-led market rallies. Support: The lower boundary of the box (53.2%) is a critical support zone. A sustained break below this level could confirm the next bearish leg. 4. Indicators Supporting the Bearish Bias Ichimoku Cloud: The dominance has started interacting with the cloud's lower boundary, which acts as dynamic resistance. A clean break below the cloud would further confirm bearish momentum. MACD Divergence: The MACD histogram is tilting bearish, signaling weakening upward momentum. A bearish crossover on the MACD line would solidify downside expectations. RSI: The RSI is trending near the midline, showing no extreme conditions. This gives room for further downside before entering oversold territory. Market Implications and Projections 1. Impact of a Breakdown Below the Box If BTC dominance decisively breaks below the 53.2% level, it will likely lead to a significant shift in market dynamics. A drop toward the marked lower levels (approximately 48%, 42.8%, and 39.9%) would indicate the onset of an altcoin season, characterized by robust performance in altcoins. Historically, such breakdowns in BTC.D have coincided with increased speculation and capital rotation into altcoins, signaling the start of a bull run across the cryptocurrency market. 2. Bull Run Timeline The estimated timeline for this critical move is Q1 2025, which aligns with broader market cycles and macroeconomic expectations. Institutional interest in crypto, combined with improved market sentiment, could amplify this trend. 3. Potential Scenarios Bullish Case for BTC.D: A reversal above 58% would require significant Bitcoin-led rallies, possibly fueled by macroeconomic uncertainty or a Bitcoin ETF approval. This scenario delays the altcoin season but strengthens Bitcoin as the primary investment vehicle. Bearish Case for BTC.D: A sustained decline below 53.2% would confirm altcoin strength and could trigger rapid capital rotation into alternative assets, particularly in high-liquidity altcoins and DeFi protocols. This chart provides a professional-grade analysis of Bitcoin dominance and its potential impact on market dynamics. The breakdown from the rising wedge, the ongoing consolidation, and the bearish indicators suggest that BTC.D is on the brink of a major directional move. Traders and investors should closely monitor the consolidation box boundaries and prepare for a shift in market structure as BTC dominance declines. The Q1 2025 timeline for the next leg down aligns with historical patterns and macroeconomic projections. A break below 53.2% will likely usher in a new phase of the crypto market, driven by altcoin strength and increased retail participation. Stay vigilant, as this period could mark the beginning of the next crypto bull run.
CRYPTOCAP:BTC.D
by wolfchemist
TradeCityPro | C98USDT Weekly Candle Engulfing👋 Welcome to TradeCityPro Channel! C98USDT Weekly Candle Engulfing - Downtrend or Continuation? Let’s dive into a scenario where the market is printing red candles, most traders are lost, and FOMO is rampant. Today, we’ll analyze an altcoin for you, and before that, I recommend checking out the money management guide: 🌐 Overview Bitcoin As usual, let’s start by reviewing Bitcoin. On the 1-hour timeframe, BTC was rejected from the 102,135 resistance level and experienced a 10% drop, significantly increasing the 24-hour liquidation volume. This drop also caused Bitcoin dominance to range, leading to a heavier correction in altcoins compared to BTC. If BTC had surged, altcoin losses could have been even deeper. View BTC Chart 📊 Weekly Timeframe C98 is still within its weekly range, oscillating between 0.1056 and 0.4368 for almost two years. While the range percentage is substantial, it doesn’t change its range-bound nature. If you’ve already invested in this coin, you’ve likely experienced frustration as it remains stuck in this box. Two years of idle capital in a high-risk crypto market can be exhausting. Suggestion: Exit your position if it breaks below 0.1056. Currently, the weekly red candle has four days left to close, but it’s sitting on solid support. However, the last two red engulfing candles suggest a potential continuation of the downtrend. If 0.1451 support breaks, the price may drop to 0.1056. Buying Advice: Avoid buying right now. It’s like catching a falling knife—wait for it to hit the ground first. After breaking the 0.1933 resistance, buying could be more reasonable. 📈 Daily Timeframe On the daily timeframe, C98 was rejected from the 0.1902 resistance, which highlights its importance. A break above this level could present buying opportunities. More importantly, let’s focus on the 0.1533 support level, which: Previously served as the top of the daily range , Now acts as a crucial support, forming the 0.618 Fibonacci level. If the market opts for a deeper correction, breaking 0.1533 could lead to a continuation down to 0.786 Fibonacci support at ~0.1272. Personally, I’d prefer if this price level holds because a deeper correction might delay the next bull run and keep us in this range for an extended period. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
10
BTCUSDT - CRYPTO | 4H | DOWNHey guys, Yesterday, there was a lot of manipulation in BINANCE:BTCUSDT , causing many people to take losses due to the actions of market movers. However, I’m hopeful about the day Trump takes the presidential seat. Please, don’t panic right now—those who act out of panic tend to experience consistent losses. I’ve marked the key points on the chart. If you’d like to see more of these analyses, don’t forget to hit the like button. Much love and respect to all of you, my dear followers! 🙌📊✨
Short
by TraderTilki
4