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Cheems Token ($CHEEMS): Set for Breakout Amid Bullish IndicatorCheems Token ($CHEEMS), the dog-themed memecoin built on the Binance Smart Chain, has captured the attention of crypto enthusiasts and traders alike. Boasting a vibrant community across platforms like X and Telegram, and a market cap exceeding $211 million, $CHEEMS is showing strong signs of a potential breakout. Let’s delve into the technical and fundamental aspects driving this momentum. Technical Analysis The daily price chart of $CHEEMS reveals a symmetrical triangle pattern, often considered a precursor to significant price movement. This setup indicates a period of consolidation, with the possibility of a breakout in either direction. However, current indicators favor a bullish scenario. Relative Strength Index (RSI) With the RSI sitting at 55, $CHEEMS is neither overbought nor oversold, suggesting room for upward movement. This metric lends credence to the bullish thesis, signaling a potential price surge. Key Moving Averages (MA) $CHEEMS is trading above critical moving averages, a bullish signal that reinforces the likelihood of upward momentum. Additionally, the chart displays a bullish engulfing pattern, further strengthening the breakout narrative. Price Targets Based on the technical setup, $CHEEMS could experience a 50-100% price increase, targeting its one-month high or even achieving new all-time highs. Project Overview Cheems Token pays homage to the "lord of memes," a Shiba Inu beloved by the crypto community. The project aims to unite those who have faced challenges in the volatile crypto market, offering a sense of community and hope. Unique Features $CHEEMS stands out by: - No Control Permissions: The project has relinquished control of the contract. - No Tax Income or Team Reserves: $CHEEMS is 100% market-driven, with no hidden agendas. - Community Focus: The token’s ethos is rooted in meme culture and collective growth. Use Cases The token serves various purposes, including: - Swapping: Seamless token exchanges. - Investing: Opportunities within its ecosystem. - Ecosystem Projects: Supporting decentralized applications and innovations on the Binance Smart Chain. Market Performance $CHEEMS has a daily trading volume of $7.76 million, though this marks a 78.10% decrease from the previous day. This dip could signify a temporary lull before the anticipated breakout. Historical Performance - All-Time High: $0.000005139 on November 25, 2024, placing the current price 26.18% below its peak. - All-Time Low: $0.00000003343 on September 4, 2023, with a staggering 17,825.78% increase since then. Market Metrics - Circulating Supply: 200 trillion tokens. - Fully Diluted Valuation (FDV): $211.37 million, assuming the maximum supply of 220 trillion tokens. Future Outlook Cheems Token remains committed to its roots in meme culture while expanding its presence on the Binance Smart Chain. The project’s roadmap emphasizes continued building and innovation, ensuring long-term viability. Where to Trade $CHEEMS $CHEEMS tokens are available on decentralized exchanges like PancakeSwap V3 and centralized platforms such as Gate.io. The most active trading pair is LISUSD/CHEEMS on THENA FUSION, with a 24-hour trading volume of $10,694.54. Conclusion Cheems Token combines strong technical indicators with a unique, community-driven ethos, positioning itself for significant growth. As the crypto market braces for a potential breakout, $CHEEMS’s vibrant community and robust fundamentals make it a compelling contender in the memecoin space. Whether you’re a seasoned trader or a newcomer, $CHEEMS offers a unique blend of humor, resilience, and opportunity.
Long
by DEXWireNews
UK100 | Where Next For This Index?The UK100 has been slammed on poor growth warnings. The budget released by the current Labour Govt gave reason for this, as well as some poor data now continually. If GDP fails to impress, this may spur further. Current tech case - Long side momentum into this morning. Would hold off shorts until at least key MA's above. Do not short and pre-empt any news. Make entries light due to potential volatility (it may not end all doom and gloom and you may go beyond early MA's nearing a 61-78 fib on prev rally. Longs, if you take them, may be lower and light to protect for inherent risk. Avoid if need be.
PEPPERSTONE:UK100
by WillSebastian
With Major Liquidity Swept and RSI reset Bitcoin is now going UPIn the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves. As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%. The Main Question: What’s Next? Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option. Technical Analysis: As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction. The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here. Outlook: After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
Long
by LeoMessi_
1
USD/CAD - Buy Limit Opportunity at Key Liquidity ZoneUSD/CAD has swept liquidity below a significant support level, creating a high-probability buy limit setup. This price action suggests that the market has absorbed selling pressure, signaling a potential bullish reversal from this zone. Key Observations: Liquidity Grab: A dip below a key support level cleared stop-losses, trapping sellers and setting the stage for a bounce. Market Structure: Early signs of bullish rejection and a shift in momentum suggest a recovery is imminent. Optimal Entry: A buy limit at targets the liquidity zone for a potential upward move. Trade Plan: Entry: Buy limit at , anticipating a bounce from the liquidity zone. Stop Loss: Below the recent liquidity sweep to manage risk effectively. Take Profit: Targeting resistance levels around to capture the bullish move. Risk Management: This setup takes advantage of liquidity dynamics for a strategic entry, but disciplined risk management is key. Keep position sizing appropriate and monitor price action for additional confirmation of bullish intent.
Long
by Vusizwe_Capital
BTC analysis Its time for correction!! Bitcoin has began a downward trend that seems to have concluded at $92,400 on the 1-hour timescale after resisting and setting a new all-time high of $108,230. The market is, nevertheless, at a pivotal juncture. Bitcoin is likely to remain positive if it breaks $101,200, and negative if it is unable to keep above $96,277. demonstrating that this reduction was only remedial. If not, a break below $96,277 would indicate a chance to short. However, prudence is urged; swiftly acquire gains and refrain from greed. Entry1: 99,000 Entry2 :"97,000 Entry3 96,000 Tp1: 92,500 TP2: 88,000 TP3:80,000
CRYPTO:BTCUSDShort
by limitissky77
Market Analysis: Crude Oil Price Faces HurdlesMarket Analysis: Crude Oil Price Faces Hurdles Crude oil prices are now struggling to clear the $70.00 and $70.50 resistance levels. Important Takeaways for Oil Prices Analysis Today - Crude oil prices extended downsides below the $70.00 support zone. - A major bearish trend line is forming with resistance near $70.00 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to continue higher above $70.50 against the US Dollar. The price formed a short-term top and started a fresh decline below $70.00. There was a steady decline below the $69.40 pivot level. The bears even pushed the price below $69.00 and the 50-hour simple moving average. Finally, the price tested the $68.35 zone. The recent swing low was formed near $68.36, and the price is now correcting losses. There was a minor move above the 50% Fib retracement level of the downward move from the $70.50 swing high to the $68.36 low. On the upside, immediate resistance is near the $70.00 level. There is also a major bearish trend line forming with resistance near $70.00. The trend line is close to the 76.4% Fib retracement level of the downward move from the $70.50 swing high to the $68.36 low. The next resistance is near the $70.50 level. The main resistance is near a trend line at $70.90. A clear move above the $70.90 zone could send the price toward $72.00. The next key resistance is near $72.50. If the price climbs further higher, it could face resistance near $74.20. Any more gains might send the price toward the $75.00 level. Immediate support is near the $69.40 level. The next major support on the WTI crude oil chart is near $68.85. If there is a downside break, the price might decline toward $68.35. Any more losses may perhaps open the doors for a move toward the $66.00 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
$HYPE H4 OutlookGETTEX:HYPE is a token traded in the crypto market, with utility focused on blockchain adoption within specific ecosystems like DeF, or community-driven use cases. Hyperliquid has recently achieved significant milestones in trading volumes, particularly in decentralized perpetual swaps. As of December 13, 2024, the platform’s cumulative perpetuals trading volume surpassed $500 billion, marking a 15-fold increase within the year. In terms of daily activity, Hyperliquid recorded an average daily trading volume exceeding $5 billion, accounting for over 45% of the total on-chain perpetuals market. Notably, Ether (ETH) perpetuals led this activity, with a trading volume of $7 billion over a recent week, surpassing Bitcoin’s (BTC) $5.94 billion in the same period. Based on H4 chart: 1. Liquidity Zones • Sell Side Liquidity is observed around $25.401 and $20.832, indicating stop-loss zones or short positions that could be targeted by bearish price moves. • Buy Side Liquidity exists near $35.845 and at 1.618 $42.093, suggesting potential areas for price surges if bullish momentum builds. 2. Price Structure & Tren • The price is currently consolidating with potential for a breakout above resistance levels. • The SMA 13 (yellow line) and SMA 21 (blue line) are attempting a golden cross, which typically signals the start of bullish momentum. However, further confirmation is needed to verify this trend. 3. Relative Strength Index (RSI) • RSI is in the neutral zone near 50, indicating no significant bullish or bearish momentum yet. However, the upward trend in RSI suggests increasing buying pressure. 4. Price Movement Projections • Bullish Scenario: If the price breaks above resistance at $35.654 and captures liquidity above the Buy Side Liquidity zone, the next target would be $42.016 (Fibonacci extension level 1.618) • Bearish Scenario: If the price fails to hold above $25.401, it could retest the Sell Side Liquidity zone at $23.533 or even $20.832 as a strong support level.
KUCOIN:HYPEUSDTLong
by Kagami99
DXY "Dollar Index market" Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the DXY "Dollar Index" market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a bull trade at any point, however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low level. Goal 🎯: 109.500 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
TVC:DXYLong
by Thief_Trader
2
WTI Crude Oil Analysis Into 2025Oil has sat on a long term lower high trajectory, with price finding firm support on a consistent area of around 66-67 US Dollars per barrel. It is vital to note that although this continuous support has held, lower highs have become consistent. In many cases, when you have a long area hit so many times in rapid succession with lower highs, the prices that buyers are willing to pay can drop as the reflective weakening demand ensues. It is also important not to guess too far ahead when you only really need to focus on nearer zones (even as a swing trader). The Sentiment case will unfold over time naturally. Don't sweat it too much. Short bias preferred at labelled areas.
TVC:USOILShort
by WillSebastian
MOVR/USDT Technical Analysis: Potential Bearish Continuation Based on the analysis of this chart, the most likely trend appears to be bearish in the short-to-medium term. The chart displays several indicators that point to a weakening of upward momentum and the potential for further downside. Bearish Evidence: Failed Breakout and Lower High: The price attempted to break above $20 but failed to sustain the move, forming a lower high. This is a classic bearish signal indicating reduced buying pressure. MACD Momentum Weakening: The MACD is in a bearish crossover, with the signal line below the MACD line, and the histogram is trending negative. This suggests growing selling momentum. RSI Deterioration: The RSI has dropped below 50, indicating weakening bullish momentum and a shift toward bearish sentiment. Bollinger Bands Contraction: The Bollinger Bands are narrowing, signaling a period of lower volatility. The price is hovering around the middle band, leaning toward a downside breakout. Trendline and Support Breakdown Risk: The price is trading below the key support zone near $17.30, which was previously acting as a base. A close below this level could accelerate bearish momentum. Key Levels to Watch: Immediate Resistance: $17.30: This former support now acts as immediate resistance. A failure to reclaim this level will keep the bearish trend intact. Immediate Support: $16.00: A psychological support level and a key area of recent consolidation. $14.50: The next critical support level, aligning with previous price congestion zones. Major Support: $12.00: A significant area where buyers previously stepped in. Trading Strategy: Bearish Scenario: Short Entry: Below $16.90 after a confirmed close below this level. Take Profit: First Target: $16.00 Second Target: $14.50 Final Target: $12.00 Stop Loss: Above $17.50 to minimize risk if the price reclaims resistance. Risk Management Considerations: Given the narrowing Bollinger Bands, a sudden spike in volatility is possible. Traders should use tight stop losses. Monitor volume; a significant increase on a breakdown below support levels will confirm bearish momentum. Conclusion: The current price action suggests that MOVR/USDT is leaning bearish, with key indicators signaling further downside. A close below $16.90 will likely open the door to retesting lower support levels. However, a reclaim of $17.30 could negate the bearish outlook and shift the market back toward neutrality.
Short
by Abdihalim1
1