FET/USDT Potential Break the Falling wedge pattern ??💎 Hello Paradisers, take note of this token!
💎FET has impressively regained its previously breached demand zone. Currently, it's undergoing a retest of this demand.
💎aiming to ascend towards the resistance trendline of its falling wedge pattern, where a supply zone also lies. For a continued bullish trajectory, breaking this resistance is crucial.
💎The daily trading volume suggests a strong potential for this breakout, especially given the significant volume observed during its liquidity sweep, followed by a price surge.
💎As an AI token, and with AI gaining immense traction in 2023, FET presents a promising hold for both mid and long-term investors.
Cryptoanalysis
ETH: Approaching ResistanceEthereum (ETH) technical analysis:
Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Then, price got very oversold (RSI ~ 22) near support of $1,625 and bounced up. Momentum turned bullish again (MACD crossover) and price could revisit $1,800 resistance area. If it breaks above 200-day MA ($1800), that could signal uptrend resumption.
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 ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1,625, then $1,500. The nearest Resistance Zone is $1,800 (previous support), then $2,000 and $2,140.
APE/USDT is All Set For Bullish Drive | ApeCoin Analysis💎Paradisers, get ready for some action! APE/USDT has just burst through a descending triangle in the 4H timeframe, priming itself for a likely bullish eruption.
💎Just a few days ago, APE skillfully engaged with a bearish Order Block (OB), set matching highs, and embarked on a downward path to tackle the bullish OB and capture buying liquidity.
💎If ApeCoin continues its upward trajectory through the triangle's apex, it's set to target the impending supply zone.
💎Yet, let's remain cautious of the unpredictable market conditions that could alter the game at any moment. We're optimistic about the chances of the price making a return trip to the supply zone, courtesy of lingering liquidity.
💎Keep your charts fresh and stay tuned for more crypto updates! Happy trading, Paradisers! 🌴
ATA/USDT is Ready For its Bullish Rally | ATA Analysis Today💎Yello Paradisers, take notes! ATA/USDT has recently shattered a descending channel on a 1D timeframe, fueling our optimism for a likely bullish leap ahead.
💎For the past few days, ATA was moving in a descending channel. It adeptly navigated through a bearish Order Block (OB), set equal lows, and initiated a downward trajectory to tackle the bullish OB and secure buying liquidity.
💎If the price maintain its current drive, it's poised to aim for the looming supply zone above. However, let's remain vigilant of the ever-fluctuating market conditions that could sway the price.
💎We're optimistic that the price is on track to revisit the supply zone, given the residual liquidity. Keep your charts refreshed and stay tuned for more insights! 🌴
SOL: Pullback in UptrendSolana (SOL) technical analysis:
Trade setup : Price broke back above $20 resistance and 200-day moving average. Then, price spiked up 50% into a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Pullbacks near $20-$22 support zone (also 200-day Moving Average) could be attractive swing entries in Uptrend.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance Nearest Support Zone is $20 (previous resistance), then $12. The nearest Resistance Zone is $25 – $30, then $38.
CYBER is Primed For an Explosive Bullish Rally💎Paradisers, keep your eyes peeled! CYBER/USDT is currently navigating through a prime demand zone, setting the stage for a potential bullish upswing.
💎Just a few days back, it expertly interacted with a bearish Order Block (OB), established equal lows, and embarked on a descent to address the bullish OB and capture buying liquidity.
💎Should the price sustain its current momentum, it's likely to target the overhead supply zone. Yet, let's not overlook the ever-present market volatility that could influence the price direction.
💎We're bullish on the prospect of the price retesting the supply zone, thanks to the lingering liquidity. Stay tuned for more updates and keep trading smart! 🌴
SUI/USDT Correction Over or Not? SUI Analysis Today 💎Paradisers, let's focus on SUI/USDT! Currently, it's navigating within a defined range, and we're forecasting an upward surge in the near future.
💎If the anticipated breakout unfolds successfully, expect it to ignite a rapid upward rally. However, keep a close eye on the demand zone, as there's a bullish Order Block (OB) situated just beneath it. If the price dips below the demand zone, it's likely to target the liquidity found at that bullish OB.
💎It's crucial to note that we've identified two confirmed order blocks in shorter timeframes. Given the existing liquidity, the price is poised to hit these levels.
💎In a previous cycle, demand morphed into supply, triggering a notable price decline and aiming for the earlier OB.
💎In the ever-evolving world of crypto, staying up-to-date and flexible is your key to success. Keep your charts updated and stay tuned for more insights. Happy trading!
GMT/USDT is Ready For a Potential Correction | GMT AnalysisYello Paradisers, let's zoom in on GMT!
💎At the moment, it's oscillating within a specific range, and we're eyeing a potential downward breakout on the horizon.
💎If this breakout materializes as anticipated, it's likely to catalyze a swift corrective move.
💎Worth noting are the dual confirmed order blocks in the shorter timeframe. Due to existing liquidity, the price is projected to gravitate towards these levels.
💎In a previous cycle, what was once a demand zone flipped into a supply area, leading to a marked price decline and zeroing in on the prior Order Block (OB).
💎As always in the ever-fluid crypto landscape, staying alert and adaptable is your golden ticket. Keep your charts fresh and stay tuned for more updates. Happy trading!
ID/USDT is Primed For Bullish Rally | ID Analysis Today💎Heads up, Paradisers! ID/USDT is currently navigating a pristine descending triangle, and it's all set for a potential bullish breakout.
💎Several days ago, ID/USDT masterfully interacted with a bearish Order Block (OB), established matching highs, and set off on a downward course to address the Bullish OB and secure buying liquidity.
💎If the price successfully pierces through the triangle's upper edge, it's likely to engage the looming supply zone. However, let's not forget the wild card—market uncertainty, which could tip the scales at any moment.
💎We're bullish on the likelihood of the price revisiting the supply zone, thanks to residual liquidity.
💎Keep those charts updated and stay tuned for more insights! Happy trading!
SHIB: Pullback in UptrendShiba Inu (SHIB) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010.
Trend : Downtrend on Short-Term basis and Neutral on Medium- and Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
MKR: Pullback in UptrendMaker (MKR) technical analysis:
Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High ( sign of Uptrend ). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800, and $600 – $700. The nearest Resistance Zone is $1,350.
ATOM Ready for Upward Movement? | Cosmos Analysis Today💎Attention, Paradisers! ATOM is on the move, currently navigating within a flawless descending triangle and setting the stage for a potential bullish upswing.
💎Just days ago, ATOM adeptly engaged with the bearish Order Block (OB), established equal highs and embarked on a bearish journey to address the Bullish OB and capture buying liquidity.
💎If the price successfully breaks through the upper boundary of the triangle, it's poised to engage with the overhead supply zone. However, let's not overlook the elephant in the room—market uncertainty, which could sway the price in either direction.
💎We're bullish on the prospect of the price retesting the supply zone, thanks to lingering liquidity.
💎Keep your charts refreshed and stay tuned for more updates. Happy trading!
LINA/USDT is Getting Ready for an Upward Movement Yello Paradisers, let's zoom in on LINA/USDT!
💎Currently nestled in a Demand Zone, the existing demand is a strong indicator of a potential bullish wave on the horizon.
💎Just a few days ago, LINA/USDT skillfully captured liquidity, acknowledged the bullish Order Block, and set the course for a bearish path. As the price nears a pivotal support level, we're on high alert for a bullish breakout from the existing trend line.
💎Looking back at historical price movements, we observed a transition from demand to supply, causing a market imbalance that led to a downward shift, particularly before the Order Block was tackled. With a clear-cut supply zone and overhead liquidity, it's highly likely we'll see the price engage at this level in the near future.
💎Keep your eyes glued to MyCryptoParadise for more in-depth insights and updates. Happy trading!
TRX: Pullback in UptrendTRON (TRX) technical analysis:
Trade setup : Following a bearish breakout from Channel Up pattern and below $0.08 support, price pulled back near $0.073 support, which could be an attractive swing entry, with upside to $0.08-$0.086.
Trend : Downtrend on Medium-Term basis and Uptrend 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 $0.073, then $0.065. The nearest Resistance Zone is $0.080 (previous support), then $0.086.
ENS Preparing for a Bull Run? | ENS/USDT Analysis💎Yello Paradisers, let's unpack ENS/USDT for a moment. Right now, it's navigating a downward channel, but we're keeping our eyes peeled for an imminent breakout.
💎If this breakout materializes, we can expect a dynamic price surge, just as we've projected.
💎Worth noting are the dual confirmed Order Blocks on the shorter timeframe. Given the liquidity in these zones, the price is likely to gravitate towards them.
💎Remember that a previous demand zone flipped into a supply area, leading to a notable price decline and aiming for the earlier Order Block. However, market uncertainty is a huge factor in this projection.
💎More updates are on the way, so stay tuned and make the most of your trading journey!
SUI/USDT is Gearing Up For Rally Amidst Chaos| SUI/USDT 💎Ladies and Gentlemen of ParadiseClub, buckle up! SUI/USDT is weaving an enthralling tale, strategically positioned near a bullish Order Block and geared up for an upward climb.
💎In the face of current market volatility, SUI/USDT has stood its ground impressively. It's worth noting that the asset has flipped the script on a bearish Order Block, transforming a former supply zone into a fresh demand area—a bullish indicator that demands attention.
💎Adding a twist to the plot, SUI/USDT has revisited the same Order Block level not just once, but twice. Each time, it honored the supply zone, setting off a downward course. This adds an extra layer of nuance to its already complex price dynamics.
💎Looking forward, an untouched supply zone is on the horizon. Keep an eye out for SUI targeting this zone for mitigation in the near term.
💎As always, Paradisers, stay vigilant and keep those charts updated. The world of crypto never sleeps, and neither should your trading strategies. Happy trading!
Bitcoin Longs Liquidated Again Today, What to Expect Next? Yello, Paradisers! Let's get into what's cooking in the Bitcoin world.
💎In the short-term view, Bitcoin is going through a turbulent phase. A significant number of long positions have been liquidated in the last 24 hours.
💎But This period of accumulation is crucial for Bitcoin's future growth. Why? Because when you see longs getting wiped out, it often signals an incoming wave of purchases from the big whales.
💎Zooming into the 2-hour time frame, the ATR resistance is currently under the spotlight. A successful breach above this level might pave the way for Bitcoin's next upward journey, potentially debunking the 'dead cat bounce' theory.
💎Keep your eyes on this ATR resistance level in the 2-hour chart. As we are always on the whale watch, we're monitoring this level closely.
Stay tuned for more updates, and may your trades be ever in your favor!
HBAR/USDT Continue to Bullish Movement ?? Hedera HashHello Paradisers, One to Keep on Your Radar!
💎 HBAR continues to exhibit an upward trajectory, maintaining its position above the bullish trendline, which is a positive indicator.
💎Currently, HBAR is undergoing a retest in the demand zone, with the likelihood of resuming its ascent to challenge the resistance of the triangle pattern. Given the current market conditions, there's a good chance HBAR could break through this pattern to establish a new higher high.
💎The bullish outlook would be invalidated if HBAR closes below the resistance trendline and the green line.
CRV: Falling WedgeTrade setup : Price has now broken below $0.50 support, which is where price previously found support in Nov and Dec 2022. It is oversold (RSI ~ 25) but overall trend is down so we prefer to wait for a breakout from Falling Wedge pattern, which would signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.50, which it broke, then $0.40. The nearest Resistance Zone is $0.75 (previous support), then $1.00, and $1.25.
SHIB/USDT is Ready For a Potential Rally | Shiba Inu Analysis 💎Hello Ladies & Gentleman of ParadisersClub, SHIB/USDT is currently on an intriguing path, steering towards a likely upward swing.
💎In our previous analyses, we saw how demand morphed into supply, causing a significant dip in price. As of now, a 4-hour chart reveals an order block, indicating that the price could soon reach this demand zone and ignite a bullish wave.
💎Diving deeper, Shiba Inu experienced a 36% correction after plummeting from its peak on August 12th, even dipping below the 0.618 Fibonacci retracement level.
💎What's captivating is the candle on August 17th, which closed above this Fibonacci level, and the subsequent Doji candle on August 22nd. This Doji, with its long lower wick and green close, reversed before even touching the 0.618 support.
💎This pattern suggests that while bears attempted to drive the price down, the bulls swooped in, buying up assets and potentially setting the stage for a bullish run.
💎Stay alert and adaptable, Paradisers. Keep your eyes peeled for more updates and happy trading!
DOGE: Support BreakoutDogeCoin (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, which puts the Uptrend at risk. 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 on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.053. The nearest Resistance Zone is $0.070 (previous support), then $0.100.
ETH: Oversold at SupportEthereum (ETH) technical analysis:
Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. This puts the Uptrend at risk. Near-term, price is very oversold (RSI ~ 22). Hence, we’re likely to see a bounce up near-term. If it regains the 200-day MA, that could signal uptrend resumption.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $1,625, then $1,500. The nearest Resistance Zone is $1,800 (previous support), then $2,000 and $2,140.
OP/USDT Downward Momentum ??? Optimism Today AnalysisHello Paradisers, spotlight on this token!
💎 OP bounced after touching the Bullish OB zone and managed to close above the support trendline of its bearish flag.
💎There's potential for OP to rise, possibly to test the supply zone, before a subsequent decline. The anticipated downward movement might lead OP to revisit the previous wick area, which is closely aligned with a robust demand zone. This area could witness significant buying activity if OP reaches it.
💎For those considering short positions, the supply zones between 1.52 - 1.6 could be ideal, with a stop loss set above the recent high. It's worth noting that on 28th August, there's a token unlock event for OP. Historically, prices tend to rise leading up to such events, only to experience a drop on an actual day.
💎This makes it highly plausible for OP to touch the accumulation buy zone post-unlock.