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Cryptoanalysis

DOGE: Descending TriangleDogeCoin (DOGE) technical analysis: Trade setup : Price is in a downtrend , trading in a Descending Triangle pattern, with $0.06 acting as a triangle support trendline. We wait for a breakout, which could be soon. In case of a bearish breakout below $0.06, price would likely revisit $0.053. In case of a bullish breakout, price could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend . Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Long
by altFINS
2
ICP/USDT on the Verge of a Breakout🚀| ICP Analysis Today💎 Paradisers, Take Notes! ICP/USDT is on the verge of a breakout from its descending channel pattern. Observing the daily close candle is vital to confirm a genuine breakout. 💎 If LSE:ICP remains above the support trendline at this point, it will signify a confirmed breakout. 💎 Examining ICP’s past behavior reveals its steady stance in a Strong Demand zone. Observations denote that the asset has consistently created wicks to access an order block in the bullish OB, maintaining the daily close persistently above the robust demand zone. 💎 LSE:ICP has undergone multiple attempts to penetrate the descending channel, each encountering substantial rejections and subsequently reverting to the strong demand zone. 💎 The analysis could become obsolete if ICP retreats from the Bullish OB zone, possibly signaling a continued descent for ICP. 💎 Stay vigilant and remain updated!
Long
by MyCryptoParadise_Simon
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
Long
by altFINS
ETH: Falling WedgeEthereum (ETH) technical analysis: Trade setup : Trading in a Falling Wedge pattern. We wait for a breakout, ideally above $1,600, that would signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Recently, following a bearish breakout from Rising Wedge pattern, price also broke below $1,800 key level and 200-day Moving Average, which broke the uptrend. Pattern : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1,600, then $1.500. The nearest Resistance Zone is $1,800 (previous support), then $2,000.
Long
by altFINS
XLM is Most Likely Ready For a Correction | Stellar Analysis💎 Paradisers, turn your focus to XLM/USDT! The asset is presently traversing a clear descending channel and seems on the brink of a potential downward breakout. 💎 If this breakout materializes, brace yourselves for immediate correction in the XLM's price. 💎 It’s imperative to spotlight the two authenticated order blocks in a shorter timeframe. Given the prevailing liquidity, these areas are likely destinations for the Stellar. 💎 Reviewing historical movements, a shift from demand to supply has been observed, culminating in a notable decline in LSE:XLM 's price and aiming at the preceding Order Block (OB). 💎 In the dynamic realm of crypto, maintaining alertness and flexibility is paramount. Ensure your charts are up-to-date and stay connected for further insights!
Short
by MyCryptoParadise_Simon
IMX: Approaching SupportTrade setup : Following a bearish breakout from an Ascending Triangle pattern, price resume its downtrend. It briefly broke below $0.55 support, which held up in June, but recovered with huge volumes and spiked back up to $0.80 resistance (also 200-day moving average) where it got rejected. It needs to break above those levels to resume uptrend. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.55, then $0.40. The nearest Resistance Zone is $0.80, then $1.25.
Long
by altFINS
2
LDO: Sideways Channel BreakoutTrade setup : Appears to have broken out (bearish) from a Sideways Channel pattern ($1.60-$2.50), below the $1.60 support zone, which has held up several times this year. The next support area is $1.20. Lido (LDO) is the largest DeFi platform and a leading ETH liquid staking platform. Pattern : Price was trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance . Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1.20. The nearest Resistance Zone is $1.60 (previous support), then $2.00, and $2.50.
Long
by altFINS
IDEX/USDT Poised for an Explosive Bullish Rally| IDEX Analysis 💎 Attention Paradisers! #IDEX/USDT is poised for a breakout from the descending channel pattern. It is crucial to monitor the daily close candle for a confirmed and valid breakout. 💎 If NASDAQ:IDEX sustains above the support trendline at this juncture, it will mark a validated breakout. 💎 Reviewing IDEX’s historical performance, it has maintained a consistent presence in a Strong Demand area. It is observed that NASDAQ:IDEX has repeatedly formed wicks to tap into an order block in the bullish OB, with the daily close consistently above the strong demand zone. 💎 The asset has faced numerous trials to breach the descending channel, each time meeting significant rejections and subsequently retracting to the strong demand area. 💎 The analysis may lose its relevance if NASDAQ:IDEX withdraws from the Bullish OB area, potentially indicating a further downward journey for the asset. 💎 Keep a close watch and stay informed!
ILong
by MyCryptoParadise_Simon
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
Long
by altFINS
MULTI Preparing for a Bullish Rally | MULTI/USDT Analysis💎Yello, Paradisers Attention on #MULTIUSDT! Having recently escaped a descending channel, the asset is aligning for a potential bullish journey. 💎The VRVP is a pivotal factor in this optimistic outlook, acting as a solid foundation of support. The substantial trading volume observed is further intensifying the bullish wave. 💎In the distance, a significant supply zone is emerging, which the price is poised to interact with and possibly neutralize. This interaction could be a pivotal point for MULTIUSDT. 💎If the price descends below the VRVP support, we could witness a bullish resurgence from the $2.17 level. However, considering the volatile nature of the market, a break below this point could open the gates for a shorting scenario. 💎Stay informed and watchful for more updates and insights! Note: We are well aware that Multichain services are unavailable to the users. But we are seeing a huge interest from the whales so you need to practice caution.
MLong
by MyCryptoParadise_Simon
SOL: Falling WedgeSolana (SOL) technical analysis: Trade setup : Price was rejected at a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Now it’s consolidating in a Falling Wedge pattern. We wait for a breakout, ideally back above 200-day moving average (~$21) to signal bullish trend reversal with upside potential to $25-30 resistance zone. Trend : Downtrend on Medium-Term basis and Neutral on Short- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $12. The nearest Resistance Zone is $20 (previous support), then $25 – $30, and $38.
Long
by altFINS
MASK/USDT Broken Out of a Descending Channel | What to Expect? 💎Paradisers, be on your toes! MASK/USDT is showing signs of breaking out of its descending channel and is currently cruising within a demand zone. We're optimistic about a potential bullish ascent. 💎Recently, MASK has been oscillating within a defined bracket. It encountered a barrier at a bearish order block near the $3.34 mark. With its current bullish undertones, it seems poised to retest this barrier. 💎Watch out for the looming supply zone and the bearish order block identified on extended time frames; these might be on the MASK's radar next. 💎However, if the price dips beneath the demand zone and crucial support, brace for a possible bearish shift. 💎Stay sharp and keep those charts updated for more insights! 🌴
Long
by MyCryptoParadise_Simon
LINK: Resistance BreakoutChainLink (LINK) technical analysis: Trade setup : Price bounced off of $6 long-term support and broke back above 200-day moving average (~$6.70), which could signal potential bullish trend reversal with upside to $8.50. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $6.00 (previous resistance) then $5.00. The nearest Resistance Zone is $8.50, then $9.50.
Long
by altFINS
2
DIA is Ready For an Explosive Bull Rally | DIA Analysis Today💎Paradisers, turn your attention to DIA/USDT! The asset has just escaped a well-defined trading range and is setting the stage for a likely bullish surge. 💎If this breakout unfolds as we expect, get ready for a significant upward rally with DIA. 💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the DIA, considering the liquidity present there. 💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB). 💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates!
Long
by MyCryptoParadise_Simon
MKR: Approaching ResistanceMaker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn , which indicates consistent demand from buyers. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) pull to $1,000-$1,100 support area , which could be an attractive swing entry in Uptrend. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800. The nearest Resistance Zone is $1,350.
Long
by altFINS
FLOW Just Broke Descending Channel | Flow Bullish Momentum 💎 Paradisers, get ready for an electrifying chance with FLOWUSDT! Having recently shattered its descending channel trend line, the asset is in the process of retesting this level, paving the way for a potential bullish leap. 💎Just a few days ago, FLOW sketched a sturdy descending channel, making contact with the trend line on several distinct occasions before finally breaking itself. 💎What ignited this breakout? Our deep dive into the High Time Frame (HTF) weekly chart unveils a bullish weekly candle, indicative of powerful buying momentum. 💎The volume profile is equally telling, showing fluctuations that correspond with the range of the candle. This retest could serve as a prime trading gateway. 💎However, if the FLOW plunges below the trend line, brace yourself for a considerable downward trajectory. In such an event, strategize your short positions meticulously. 💎Stay on the cutting edge and trade wisely!
Long
by MyCryptoParadise_Simon
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short-Term basis and Neutral on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $140 – $150. The nearest Resistance Zone is $200, which it broke, then $250 and $330.
Long
by altFINS
FLOW: Descending Triangle BreakoutTrade setup : Bullish breakout from Descending Triangle, with robust volumes, could signal potential bullish trend reversal with upside potential to $0.65. This is a trend reversal trade setup, not trend continuation, which carries a higher risk since overall trend is still down. Nearest support is $0.40, which held up in June and recently in August. Trend : Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.40. The nearest Resistance Zone is $0.65, then $0.80 and $1.10.
Long
by altFINS
3
MKR: Approaching ResistanceMaker (MKR) technical analysis: Trade setup: A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) pull to $1,000-$1,100 support area , which could be an attractive swing entry in Uptrend. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800. The nearest Resistance Zone is $1,350.
Long
by altFINS
DOGE: Approaching SupportDogeCoin (DOGE) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached $0.085 for a 30% gain. Now it’s pulled back below 200-day moving average ($0.08) and below $0.07 support, giving up all of those prior gains. We wait for price to either 1) regain those key levels to confirm Uptrend, or 2) pull back to $0.053 support for a swing entry. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Long
by altFINS
BNB: Approaching ResistanceBinance (BNB) technical analysis: Trade setup : Following a bearish breakout from Ascending Triangle pattern, price resumed its downtrend and broke below $220 key level. That’s a level that held up in June and also in Dec 2022, so it’s significant that price has broken below that $220 level and made a new low. Price could revisit $200 support. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $200. The nearest Resistance Zone is $220, then $260, and $300.
Long
by altFINS
TRX: Resistance BreakoutTRON (TRX) technical analysis: Trade setup : Following a bearish breakout from Channel Up pattern, price pulled back near $0.073 support and broke back above $0.08 resistance to resume uptrend, with upside to $0.086. It is also positive to see that during this recent downswing, price reached a bottom at ~$0.07 which was higher than during the prior major downswing at ~$0.065 and previous low of $0.06. That means price made a Higher Low , which is a bullish indication of buyers stepping up on major pullbacks. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.073, then $0.065. The nearest Resistance Zone is $0.080, which it broke, then $0.086.
Long
by altFINS
SNX: Approaching SupportTrade setup : Following a bullish breakout from Channel Down pattern, price reached our target of $3.40 resistance. Price has now pulled back, broke below support at 200-day MA (~$2.40) and reached $2.00 support zone which could be a swing entry, albeit higher risk trade setup since overall trend is still down. That level held up in May and March. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $2.00, then $1.60. The nearest Resistance Zone is $3.05, then $3.40.
Long
by altFINS