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EGLD/USDT bullish journey what next? 🚀EGLD Analysis💎 Paradisers, keep your eyes on #EGLDUSDT as it's creating a stir in the market! With its sights set on a formidable resistance, we're on the cusp of a potential bullish surge. 💎 As we chart #EGLD's path, it has been moving through a descending channel but is now poised to rebound at $0.6212, ready to challenge that key resistance again. A successful breach could ignite a rally, pushing CRYPTOCAP:EGLD towards the resistance target of $.7699. 💎 Experienced #EGLD traders are familiar with the market's unpredictability. If our breakout attempt falls short, pivoting to a bullish recovery strategy from the support level at $0.5687 is essential to stay prepared for what's next. 💎 Should #EGLD drop below this crucial point, a strategic overhaul may be in order. Such an event would necessitate a reevaluation of our bullish outlook, calling for an updated approach to align with the evolving market dynamics.
Long
by MyCryptoParadise_Simon
6
Brief Analysis——PERPRecently, the sentiment of market has been flat, and the movements of most tokens are mainly fluctuating. But there are some Alt-coins that pump during this period. In the past 24 hours, PERP has risen by nearly 60%, becoming one of the hottest tokens in the market. So today we choose PERP as the token for brief analysis. The project of PERP is a derivative DEX on the OP mainnet. Among the numerous derivatives DEX, the TVL of PERP is not outstanding. The liquidity provision method of PERP adopts the Uni V3 model. There is no major news about PERP in the market recently. PERP has basically maintained a wide range of fluctuations from 0.36 to 1.20 in the past year. Starting in March, price fluctuated down to near lows. The price had an obvious pump yesterday, and judging from the PERP history, there were almost no green candles of such length and high trading volume. The bulls is strong on the daily level. Switching to the 1h level, we can see that after PERP reached 0.85, the bears increased, and the gains of the green candle was quickly covered by the red candle. Price remained fluctuating at the top. At this level, the gap between bulls and bears is not that big. Price may remain fluctuating. What is more interesting is that we can see that in this round of rise, the WTA indicator shows there are a lot of whales involved in the transactions. In the past, when PERP increased and WTA showed increased whale participation, the price continued to rise, but then the price began to fall back after whale participation decreased. Therefore, this time the PERP rise may not end immediately. If "the whales disappeared into the gray ocean," then you need to be careful if they have quietly departed. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool
Aug.22-Aug.28BTC(1d)Weekly market recapPowell spoke at the Jackson Hole conference last week. There were no extra hawkish or dovish surprises in the content. He repeated the Fed's determination to reduce inflation and that monetary policy will depend on economic data. During the course of the presentation, financial assets fluctuated, but did not trend. On this Friday, the US will release employment data for August, and if the actual value do not deviate significantly from the expected value, there will be little affect on financial assets. Although the DXY has hit other financial assets in the past few weeks, it is certain that the Fed's interest rate hike is gradually coming to an end. Be patient and have a good attitude. After the dump, BTC once again entered a new epoch of low volatility, and the price remained fluctuating within a new narrow range. At the beginning of the range, candles have long pin-bars, but gradually, subsequent candles have short pin-bars. The bulls and bears have formed a tacit agreement. The trading volume in last week maintained the previous average. Conclusion: Mostly fluctuation. BTC remains neutral on a large scale. The power of bulls and bears has weakened, so we think BTC will keep fluctuating again. We maintain the previous resistance level at 28000 and support level at 25000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
ADA Accumulation zone of 5 month descending wedgeHi Tradingview, BINANCE:ADAUSDT ADA Has been trading in a descending wedge on the DAILY time frame for the last 5 months. It is currently at the bottom of the wedge and has held support quite well. We can also see the the TSI has recently crossed, however it is still under (0) so bears are still in control. I am looking to enter a position with the parameters as follows: Entry: .309 SL: Below .29 TP1: .328 TP2: .33 TP3: .368 TP4: .40 TP5: .46
Long
by Spikecaptial
BITCOIN DAILY UPDATE - The 3 trendsHello trading friends, This is a BTC update depending on the last trends. In the last 24H, we have seen BTC moving between 44700 and 43500, which means BTC looks for an out way of trend. Depending on the ETN tool - The trend looks to have more chance to break down - and the expecting target is 41900 or even below. From history trends we see a pattern when a crash trend starts from pump trend to stable trend, then a crash trend. we can call this also the 3 trends- 1. pump trend - 2. stable trend, and 3. crash trend. For day traders check the trend always on all 2 sides as most of the daily traders trade the low time frame. Sometimes a price change can take time before there is a new out way of trend. This was the small update with the adding that trend going stable and waiting for a come-out. out of ETN expecting, and depending on TA trends, we can speak about a green trend if BTC hits the 46K with time frame and confirmation. It's always good to wait with trading, and trade when there are confirmations. the same time to buy when already there is recovery, and not in full green. Have a great day. If you like the content, give it a like and follow - Thank you
Short
by watchtrend