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XRP/USDT: Local Correction or Springboard to $3?Hi there! 👋 Let’s dive into the XRP/USDT chart, which has been drawing attention with its strong bullish momentum but is now showing the first signs of a possible correction. Let’s break it down! 🧐 🖼 Overall Picture The chart shows a clear uptrend, which has pushed XRP to a local high of $2.70. However, the market looks slightly overheated, and a correction to key support levels seems likely. Globally, XRP remains in a bullish trend, supported by positive sentiment and broader crypto market growth. 📈 Technical Analysis (Using Midas Up/Down) Key Support Levels: 1️⃣ $2.20–2.30 : Local support, a potential zone for entries during a pullback. 2️⃣ $1.80–2.00 : Major support zone, aligned with high volume levels (Volume Profile) and a strong trendline. Resistance: $2.60–2.70 : A local profit-taking zone. Price has already rejected this level twice. $3.00 : The next major target if the current highs are broken. 🛠 What Indicators Say: RSI (4H) : Still in overbought territory, signaling potential for a correction. MACD (4H) : Shows slowing momentum as the histogram shrinks, indicating the market is preparing for a pullback. MACD (1W) : Remains firmly bullish on the weekly timeframe, confirming the strength of the long-term trend. 🗺 Scenarios 1️⃣ Bullish Scenario: Price holds the $2.20–2.30 support zone and returns to test $2.70. A breakout above $2.70 opens the path to $3.00 and potentially $3.50. 2️⃣ Bearish Scenario: Price breaks below $2.20 and tests the $1.80–2.00 support zone. If this level holds, it presents an excellent low-risk entry point for buyers. 🎯 Trading Strategy Short-Term (Swing Trading): Entries: 1️⃣ Around $2.20–2.30 on a local pullback. 2️⃣ Safer entry: $1.80–2.00. Targets: 1️⃣ $2.60–2.70 — for partial profit-taking. 2️⃣ $3.00 — main target. Stop-Loss: Aggressive: Below $2.10. Conservative: Below $1.80. Medium-Term: Buy in the $1.80–2.00 range with the aim to hold until $3.00+. ⚠️ Risks Breaking below $1.80 could accelerate a drop to $1.50. The overall market is volatile, so keep an eye on broader trends and adjust positions accordingly. 🚀 Conclusion XRP continues to delight bulls, but a local correction is likely. The $2.20–2.30 and $1.80–2.00 levels look like great zones for re-entry or scaling in. If the price breaks $2.70, the target of $3.00 becomes realistic. Stay sharp! 💪 💬 What do you think about this scenario? Got any ideas or feedback? Drop your thoughts in the comments, and let’s discuss! 👇 📊 Follow me for more updates and in-depth analysis! 😊
by VctMid
DOGE/USDT (1D Chart) DOGE/USDT continues to display bullish market behavior, consolidating within a **rising wedge** formation as the price trends upward. The narrowing of the wedge indicates that the price is approaching a critical point for its next major move. **Key Observations:** 1. **Price Action:** - The price remains firmly above key moving averages (20, 50, and 200), signaling a continuation of the broader uptrend. - The narrowing wedge reflects a buildup of tension, typical before a decisive breakout or breakdown. 2. **Volume and CMF Dynamics:** - A **notable drop in volume** is visible as the price consolidates, which often signals a pending sharp move. - The **Chaikin Money Flow (CMF)** indicates declining momentum, highlighting a reduction in buying strength and market participation at this stage. 3. **Momentum Indicators:** - **OBV (On-Balance Volume):** Maintains an upward trend, indicating consistent accumulation despite the consolidation. - **RSI:** At **70.95**, the slightly overbought reading suggests the possibility of temporary consolidation or a pullback before a potential continuation of the uptrend. **Conclusion:** DOGE/USDT is approaching a decisive moment as it consolidates within its rising wedge. The **drop in volume**, visible both on the chart and through the **CMF**, is a common precursor to significant price action. While momentum remains intact, traders should watch for increased activity that confirms the next move.
Long
by vagada
OTHERS.D 50.00% FIB CRITICAL LEVEL **Hello dear altcoin degens, HODL-ers, and traders,** How are you doing this Saturday? I hope you’re enjoying the weekend in your own unique way! This is **OTHERS.D**, the index representing the market cap of altcoins outside the top 10. On the weekly time frame, there are several key points of interest that could help us analyze what might happen next. However, as always in trading, nothing should be taken for granted. **Key Observations** 1. **Higher Lows Trendline:** - We can clearly see a series of higher lows, starting with the bottom formed during the week of **June 5, 2023**, and another higher low during the week of **October 28, 2024**. This upward trendline is a promising signal for the altcoin market. 2. **The Role of the 21MA (Moving Average):** - Historically, the 21MA has acted as a reliable support level before price moves higher, as seen between **July 17,2023** and **August 7, 2024** (highlighted with a green circle). - Currently, the price is trading above this 21MA, which is an encouraging sign. 3. **The Critical 50% Fibonacci Level:** - The 50% Fib retracement level has historically been significant. The green circle highlights how this level previously served as the launchpad for an upward move. - At present, the price is trying to break through this level, which is acting as resistance. **Combining Support Factors** When we combine the **21MA** and the **50% Fibonacci level**, we get an area of strong support/resistance. For now, the price is attempting to break through this resistance zone. **What’s Next?** - If the weekly candle closes **above this critical area**, it’s a bullish signal and great news for those hunting the elusive **altseason**! - Until then, we wait. The weekly close will provide more clarity, and based on the outcome, we can decide on the next course of action. **Final Note** Patience is key in this game. Stay safe, and let’s see how this plays out!
CRYPTOCAP:OTHERS.D
by vagada
Tia@Celestia on WEEKLY LONG ENTRY Hello everyone, and happy Friday! BTC's current price is 99,269 USDT—incredible! For a quick and simple TA on BTC, check out my ideas. Feel free to boost if you like the content. As for Celestia (#50 on CMC) on the weekly chart: the price remains at low levels but is forming higher lows compared to the week of September 2nd. The system is LONG, with the stop-loss (SL) placed at the first PSR, which technically validates this position. This makes it a forced entry on the weekly. I'll keep you updated. Have a great weekend, everyone! It’s late here (UTC+02:00), but if it’s still early where you are, I hope your Friday night is everything you want it to be. Stay safe, and remember to think before acting.
Long
by vagada
RUNEUSDT.P REJECTED Dear degens, Things are moving the other way for RUNE. It rejected the previous day’s close with a lower high and is now looking for support in the green zone. This area is intraday, so it could break if selling pressure starts to accumulate. Keep an eye on the volume on both sides. If it breaks down, the next support could be the 200 MA. Are you long or short? Or are you watching and waiting to take action? Feel free to share. Stay safe and keep an open mind!
Short
by vagada
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