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BONKUSD: Crossed above the 1D MA50. Strong buy.Bonk turned bullish again on its 1D technica outlook as the rebound that started on the 1D MA200, crossed yesterday over the 1D MA50 after two weeks. Since the underlying pattern is a Channel Up, we consider this the bullish confirmation that this move is the new bullish wave. The previous peaked on the 1.236 Fibonacci extension. We will pursue that very same Fib target (TP = 0.0000650). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BONKUSDLong
by InvestingScope
ALGOUSD Pump of the day! Huge buy opportunity.Algorand (ALGOUSD) is having a huge pump today as it smashed above the 1D MA50 (blue trend-line) for the first time since April 01. This rally has been generated after holding and bouncing on the 1W MA50 (red trend-line) for the 2nd time since January 23. This gives shape to a Channel Up, not so different from the one that led the token to its peak during the previous Cycle. The 1D MACD has just formed a Bullish Cross, indicating that we are still at the very start of the new rally. Our Target is 2.000 (Fibonacci 0.9 retracement level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ALGOUSDLong
by TradingShot
BITCOIN Can it hit $110k this Summer?Bitcoin (BTCUSD) hit yesterday its 1D MA50 (blue trend-line) to test it as a Resistance following the bearish break-out last week but got rejected. This is a discouraging sign short-term for any bullish attempt but it very consistent with all previous bottoms since the November 21 2022 market bottom. ** The 0.382 Fibonacci ** As you can see, all major rallies since that date pulled-back and found enough Support on the 0.382 Fibonacci retracement level exactly. Then once they closed a 1D candle above the 1D MA50, the new Bullish Leg was confirmed. On both bullish sequences, the top was priced on the -1.0 Fibonacci extension exactly. The above conditions indicate extremely high symmetry and consistency on this pattern. ** The MACD Bullish Cross ** At the same time, the emergence of a 1D MACD Bullish Cross came right after the bottom. Today BTC is about to complete such Bullish Cross. In fact since the November 2022 bottom only 1 out of 6 MACD Bullish Crosses failed to deliver a new High shortly (May 27 2023) and still this was insignificant as BTC formed another that broke above the 1D MA50 only 20 days later. ** 110k this Summer? ** It is therefore obvious that the last condition that needs to be fulfilled in order to have a legitimate case for a new Bullish Leg, is for Bitcoin to close a 1D candle above the 1D MA50. When it does, the next most likely Target according to this model, i.e. the -1.0 Fibonacci extension, is $110000. Unrealistic as it may seem, this Target wouldn't just hit Fib -1.0 on the horizontal but also the top of the (blue) Channel Up and the 2.0 Fibonacci Channel extension. And all this is possible by the end of this Summer. Do you think this is a legitimate price to expect this soon that high? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
ETHEREUM Massive support cluster on this Bull Flag. Target 10k??Ethereum (ETHUSD) traded exactly the way we wanted it last time we looked at it (January 09, see chart below) At the moment, the price is trading below the 1D MA50 (blue trend-line), having recovered the 1D MA100 (green trend-line) on what was a bottom on the 6-month Bullish Megaphone. This Higher Low was almost priced on the 0.382 Fibonacci level. That is similar to the June 15 2023 Bullish Megaphone Higher Low on the 0.382, which as it held the 1D MA200 (orange trend-line), it pushed the price to a rebound. However the 1D MA200 was broken (closed a 1D candle below) after and ETH had to find Support on the 0.5 Fib before it started the current Megaphone. The peak came almost on the -1.00 Fibonacci extension. As a result, as long as Ethereum keeps the 1D MA200 intact, we are bullish. If it closes even a single candle under the 1D MA200, we will wait for a comfortable buy on the 0.5 Fib (2500). On both cases, the Target is $10000 (Fib -1.00 extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ETHUSD
by TradingShot
1
BITCOIN Is an aggressive break-out imminent?Bitcoin (BTCUSD) is struggling to break and close above the All Time High (ATH) Resistance having almost completed 6 weeks of sideways consolidation and candle closings below it. On any other occasion, that would be a bearish signal, an inability of the market to find enough willing buyers to push it to a new High. But with BTC's historic cycles this has proved to be just a stepping stone before the most aggressive phase, the non-stop rally that drives the Cycle to its peak. The 3W LMACD indicates that the market is proportionally on that exact same level that it normally is when it tests the prior ATH, before it breaks it. With the LMACD trading within a Channel Down since the very beginning, this test happens when it hits the 0.618 Fibonacci Channel level. When the LMACD's blue line starts approaching the 0.786 level, this is when BTC closes above its ATH and starts rallying strongly (blue circle). The final part of this phase is the peak formation (red Rectangle) and it happes when the LACD approaches the top of the Channel and reverses before it makes a Bearish Cross. We estimate this to take place within the (admittedly) wide range of 150000 - 300000, depending on market conditions and relevant global demand from ETFs. But what do you think? Do you expect Bitcoin to rise parabolically if it closes above the ATH level? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
SXP/USDT - Swipe: Super Trend◳◱ On the $SXP/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.3838 | 0.4081 | 0.4704 and support near 0.3215 | 0.2835 | 0.2212. Entering trades at 0.3687 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Swipe ▣ Rank: 280 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Financial - Payment Platforms ▣ Overview: Swipe ecosystem provides a large set of products and protocols to support decentralized finance. The main offering of Swipe is multi-currency crypto wallet app as well as a crypto-to-fiat funded Visa debit card. The Swipe Visa Card is a prepaid card that allows users to hold fiat as well as cryptocurrencies. Also, the feature of the card is not just limited to its transactions, it lets the users enjoy several other features offered by the Swipe ecosystem. This entire ecosystem is powered by its token SXP. SXP is a utility token where the token holders are incentivized for holding and using SXP. As of now the Swipe Visa Card is accepted at more than 60 million retail points across the world and is expected to grow in future. After Binance took over Swipe in 2020, Swipe has become the core engine of Binance overall eco-system. Swipe Network now is a DeFi hub providing features ranging from token swaps to staking and even automated marketing maker. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.3687 ₮ ▣ 24HVol: 1,993,405.716 ₮ ▣ 24H Chng: 1.542% ▣ 7-Days Chng: 11.94% ▣ 1-Month Chng: -11.61% ▣ 3-Months Chng: 17.80% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.3838 | 0.4081 | 0.4704 ◢ Support: 0.3215 | 0.2835 | 0.2212 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.24 ▣ Last 90D: 0.58 ▣ Last 1-Y: -0.22 ▣ Last 3-Y: -0.14 ◲◰ Volatility : ▣ Last 30D: 1.11 ▣ Last 90D: 0.96 ▣ Last 1-Y: 0.80 ▣ Last 3-Y: 1.20 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.67 - Bullish ▣ In-depth SXPUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ACH/USDT - Alchemy Pay: TrendLine Breakout◳◱ On the $ACH/ CRYPTOCAP:USDT chart, the Trendline Breakout pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.03917 | 0.04362 | 0.05482 and support near 0.02797 | 0.02122 | 0.01002. Entering trades at 0.03632 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Alchemy Pay ▣ Rank: 319 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Financial - Payment Platforms ▣ Overview: Alchemy Pay is a payments solution platform that provides a gateway to connect the cryptocurrency and fiat economies. Not only does Alchemy Pay power the acceptance of cryptocurrencies through traditional payment protocols, but it also guarantees commercially viable settlement speeds by connecting with adaptation layers of blockchains and layer-2 networks. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.03632 ₮ ▣ 24HVol: 12,272,601.722 ₮ ▣ 24H Chng: 5.245% ▣ 7-Days Chng: 31.86% ▣ 1-Month Chng: -0.53% ▣ 3-Months Chng: 120.74% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.03917 | 0.04362 | 0.05482 ◢ Support: 0.02797 | 0.02122 | 0.01002 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.01 ▣ Last 90D: 2.66 ▣ Last 1-Y: 0.49 ▣ Last 3-Y: 0.99 ◲◰ Volatility : ▣ Last 30D: 1.46 ▣ Last 90D: 1.35 ▣ Last 1-Y: 0.99 ▣ Last 3-Y: 2.19 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.52 - Bullish ▣ In-depth ACHUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
SEI/USDT - Sei Network: TrendLine Breakout◳◱ On the $SEI/ CRYPTOCAP:USDT chart, the Trendline Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.6479 | 0.7077 | 0.8636 and support near 0.492 | 0.3959 | 0.24. Entering trades at 0.6348 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Sei Network ▣ Rank: 66 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: Sei Network project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.6348 ₮ ▣ 24HVol: 35,535,267.898 ₮ ▣ 24H Chng: 4.735% ▣ 7-Days Chng: 27.82% ▣ 1-Month Chng: -21.06% ▣ 3-Months Chng: -1.52% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.6479 | 0.7077 | 0.8636 ◢ Support: 0.492 | 0.3959 | 0.24 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.86 ▣ Last 90D: 0.29 ▣ Last 1-Y: 1.92 ▣ Last 3-Y: 1.92 ◲◰ Volatility : ▣ Last 30D: 1.09 ▣ Last 90D: 1.22 ▣ Last 1-Y: 1.40 ▣ Last 3-Y: 1.40 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth SEIUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
MANA/USDT - Decentraland: Super Trend◳◱ On the $MANA/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.4931 | 0.5233 | 0.6013 and support near 0.4151 | 0.3673 | 0.2893. Entering trades at 0.4777 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Decentraland ▣ Rank: 110 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Media and Entertainment - Virtual and Augmented Reality ▣ Overview: Decentraland is building a decentralized, blockchain-based virtual world for users to create, experience and monetize content and applications. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.4777 ₮ ▣ 24HVol: 4,542,725.045 ₮ ▣ 24H Chng: 1.53% ▣ 7-Days Chng: 12.77% ▣ 1-Month Chng: -24.66% ▣ 3-Months Chng: 12.14% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.4931 | 0.5233 | 0.6013 ◢ Support: 0.4151 | 0.3673 | 0.2893 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -3.12 ▣ Last 90D: 0.26 ▣ Last 1-Y: -0.01 ▣ Last 3-Y: 0.34 ◲◰ Volatility : ▣ Last 30D: 1.03 ▣ Last 90D: 0.92 ▣ Last 1-Y: 0.75 ▣ Last 3-Y: 1.49 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.48 - Bearish ▣ In-depth MANAUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
SOL/BTC - Solana: BBand Breakout◳◱ On the $SOL/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.0026222 | 0.0029394 | 0.0036074 and support near 0.0019542 | 0.0016034 | 0.0009354. Entering trades at 0.0023372 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Solana ▣ Rank: 5 ▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0023372 ₿ ▣ 24HVol: 368.582 ₿ ▣ 24H Chng: 4.798% ▣ 7-Days Chng: -0.22% ▣ 1-Month Chng: -13.73% ▣ 3-Months Chng: 80.49% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0026222 | 0.0029394 | 0.0036074 ◢ Support: 0.0019542 | 0.0016034 | 0.0009354 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.73 ▣ Last 90D: 2.52 ▣ Last 1-Y: 2.48 ▣ Last 3-Y: 1.02 ◲◰ Volatility : ▣ Last 30D: 0.91 ▣ Last 90D: 0.90 ▣ Last 1-Y: 0.91 ▣ Last 3-Y: 1.19 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.74 - Bullish ▣ In-depth SOLBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
OP/BTC - Optimism: Failure Swing◳◱ On the $OP/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00004557 | 0.00005564 | 0.00007365 and support near 0.00002756 | 0.00001962 | 0.00000161. Entering trades at 0.00003833 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Optimism ▣ Rank: 48 ▣ Exchanges: Binance, Hitbtc ▣ Category/Sector: Infrastructure - Scaling ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00003833 ₿ ▣ 24HVol: 23.988 ₿ ▣ 24H Chng: 7.578% ▣ 7-Days Chng: 6.60% ▣ 1-Month Chng: -27.34% ▣ 3-Months Chng: -16.44% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00004557 | 0.00005564 | 0.00007365 ◢ Support: 0.00002756 | 0.00001962 | 0.00000161 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: -2.95 ▣ Last 90D: -0.57 ▣ Last 1-Y: 0.45 ▣ Last 3-Y: 0.65 ◲◰ Volatility : ▣ Last 30D: 1.19 ▣ Last 90D: 1.00 ▣ Last 1-Y: 1.01 ▣ Last 3-Y: 1.36 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.67 - Bullish ▣ In-depth OPBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
MAGIC/BTC - Magic: Failure Swing◳◱ On the $MAGIC/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00001556 | 0.00001876 | 0.00002474 and support near 0.00000958 | 0.0000068 | 0.00000082. Entering trades at 0.00001324 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Magic ▣ Rank: 278 ▣ Exchanges: Binance ▣ Category/Sector: N/A ▣ Overview: Magic project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001324 ₿ ▣ 24HVol: 17.479 ₿ ▣ 24H Chng: 8.792% ▣ 7-Days Chng: 6.21% ▣ 1-Month Chng: -20.32% ▣ 3-Months Chng: -13.13% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001556 | 0.00001876 | 0.00002474 ◢ Support: 0.00000958 | 0.0000068 | 0.00000082 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◲◰ Volatility : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.64 - Bullish ▣ In-depth MAGICBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ZRX/BTC - 0x: BBand Breakout◳◱ On the $ZRX/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00001001 | 0.0000124 | 0.0000165 and support near 0.00000591 | 0.0000042 | 0.0000001. Entering trades at 0.00000829 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: 0x ▣ Rank: 168 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Kraken, Hitbtc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: 0x is a permissionless protocol to facilitate trading of Ethereum based tokens including ERC-20, ERC-721, and other Ethereum standards. 0x is not itself a decentralized exchange, but instead a system of smart contracts that connects liquidity providers and market makers in order to provide exchange functionality in a range of applications. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000829 ₿ ▣ 24HVol: 2.787 ₿ ▣ 24H Chng: 5.605% ▣ 7-Days Chng: -3.18% ▣ 1-Month Chng: -56.23% ▣ 3-Months Chng: 60.12% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001001 | 0.0000124 | 0.0000165 ◢ Support: 0.00000591 | 0.0000042 | 0.0000001 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -5.96 ▣ Last 90D: 1.75 ▣ Last 1-Y: 0.82 ▣ Last 3-Y: 0.14 ◲◰ Volatility : ▣ Last 30D: 1.52 ▣ Last 90D: 1.61 ▣ Last 1-Y: 1.20 ▣ Last 3-Y: 1.21 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.61 - Bullish ▣ Reddit sentiment score is 0.64 - Bullish ▣ In-depth ZRXBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
LTC/BTC - Litecoin: Super Trend◳◱ On the $LTC/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.001411 | 0.001608 | 0.001939 and support near 0.00108 | 0.000946 | 0.000615. Entering trades at 0.001276 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Litecoin ▣ Rank: 22 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken ▣ Category/Sector: Payments - Currencies ▣ Overview: Litecoin is a fork of Bitcoin's codebase with four times faster block times and a four times larger supply. The project considers itself complementary to Bitcoin as a silver to Bitcoin's gold. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.001276 ₿ ▣ 24HVol: 76.177 ₿ ▣ 24H Chng: -0.39% ▣ 7-Days Chng: -5.56% ▣ 1-Month Chng: -3.93% ▣ 3-Months Chng: 14.09% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.001411 | 0.001608 | 0.001939 ◢ Support: 0.00108 | 0.000946 | 0.000615 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.32 ▣ Last 90D: 1.12 ▣ Last 1-Y: -0.04 ▣ Last 3-Y: -0.02 ◲◰ Volatility : ▣ Last 30D: 1.09 ▣ Last 90D: 0.89 ▣ Last 1-Y: 0.72 ▣ Last 3-Y: 0.89 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.63 - Bullish ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.65 - Bullish ▣ In-depth LTCBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
XRP/BTC - XRP: Super Trend◳◱ On the $XRP/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00000886 | 0.00001007 | 0.00001225 and support near 0.00000668 | 0.00000571 | 0.00000353. Entering trades at 0.00000784 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: XRP ▣ Rank: 8 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken ▣ Category/Sector: Payments - Currencies ▣ Overview: XRP is a cryptocurrency aiming to increase the speed and reduce the cost of transferring money between financial institutions. Underpinning Ripple's xRapid product, an on-demand liquidity solution, XRP is used as a bridge currency for financial institutions exchanging value between multiple fiat currencies. XRP is the native token of the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000784 ₿ ▣ 24HVol: 275.993 ₿ ▣ 24H Chng: -0.508% ▣ 7-Days Chng: -8.86% ▣ 1-Month Chng: -18.36% ▣ 3-Months Chng: -9.85% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000886 | 0.00001007 | 0.00001225 ◢ Support: 0.00000668 | 0.00000571 | 0.00000353 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -3.64 ▣ Last 90D: -0.28 ▣ Last 1-Y: 0.26 ▣ Last 3-Y: 0.10 ◲◰ Volatility : ▣ Last 30D: 0.77 ▣ Last 90D: 0.74 ▣ Last 1-Y: 0.94 ▣ Last 3-Y: 0.99 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.94 - V. Bullish ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.37 - Bearish ▣ In-depth XRPBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
BNB/BTC - BNB: Trend Reversal◳◱ On the $BNB/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.009008 | 0.009394 | 0.010214 and support near 0.008188 | 0.007754 | 0.006934. Entering trades at 0.008714 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: BNB ▣ Rank: 4 ▣ Exchanges: Binance, Kucoin, Gateio, Hitbtc ▣ Category/Sector: Financial - Smart Contract Platforms ▣ Overview: Binance Coin is digital asset native to the Binance blockchain and launched by the Binance online exchange. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.008714 ₿ ▣ 24HVol: 486.574 ₿ ▣ 24H Chng: 0.542% ▣ 7-Days Chng: -6.78% ▣ 1-Month Chng: -0.26% ▣ 3-Months Chng: 75.21% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.009008 | 0.009394 | 0.010214 ◢ Support: 0.008188 | 0.007754 | 0.006934 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.12 ▣ Last 90D: 3.36 ▣ Last 1-Y: 1.02 ▣ Last 3-Y: 0.42 ◲◰ Volatility : ▣ Last 30D: 0.69 ▣ Last 90D: 0.74 ▣ Last 1-Y: 0.53 ▣ Last 3-Y: 0.77 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.73 - Bullish ▣ Twitter sentiment score is 0.58 - Bullish ▣ Reddit sentiment score is 0.53 - Bullish ▣ In-depth BNBBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
RLC/BTC - iExec RLC: SuperTrend BBand Breakout◳◱ On the $RLC/ CRYPTOCAP:BTC chart, the Supertrend Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00004961 | 0.00006085 | 0.00008093 and support near 0.00002953 | 0.00002069 | 0.00000061. Entering trades at 0.0000428 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: iExec RLC ▣ Rank: 287 ▣ Exchanges: Binance, Kucoin, Hitbtc ▣ Category/Sector: Services - Shared Compute ▣ Overview: The iExec network provides computational resources to decentralized applications that wish to use them. The medium of exchange for the computational resources to be used must be paid using the RLC token. For example, if someone wished to run a decentralized application, without using typical computational resources from the likes of AWS, Azure, or any other big tech cloud provider, they can rent computational resources from the iExec network. The iExec network is comprised of Desktop Grid computing, also known as “volunteer computing”, where unused computational resources on the network can be used by applications, and platforms alike. All payments for computational resources utilize the RLC token as the medium of exchange. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0000428 ₿ ▣ 24HVol: 7.619 ₿ ▣ 24H Chng: 9.072% ▣ 7-Days Chng: 0.54% ▣ 1-Month Chng: -29.42% ▣ 3-Months Chng: 47.55% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00004961 | 0.00006085 | 0.00008093 ◢ Support: 0.00002953 | 0.00002069 | 0.00000061 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: -3.60 ▣ Last 90D: 1.85 ▣ Last 1-Y: 0.68 ▣ Last 3-Y: 0.62 ◲◰ Volatility : ▣ Last 30D: 1.21 ▣ Last 90D: 1.56 ▣ Last 1-Y: 1.02 ▣ Last 3-Y: 1.43 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.64 - Bullish ▣ Reddit sentiment score is 0.36 - Bearish ▣ In-depth RLCBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ZRX/BTC - 0x: Trend Reversal◳◱ On the $ZRX/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00001001 | 0.0000124 | 0.0000165 and support near 0.00000591 | 0.0000042 | 0.0000001. Entering trades at 0.00000826 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: 0x ▣ Rank: 168 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Kraken, Hitbtc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: 0x is a permissionless protocol to facilitate trading of Ethereum based tokens including ERC-20, ERC-721, and other Ethereum standards. 0x is not itself a decentralized exchange, but instead a system of smart contracts that connects liquidity providers and market makers in order to provide exchange functionality in a range of applications. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000826 ₿ ▣ 24HVol: 2.790 ₿ ▣ 24H Chng: 4.425% ▣ 7-Days Chng: -3.63% ▣ 1-Month Chng: -56.43% ▣ 3-Months Chng: 59.38% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001001 | 0.0000124 | 0.0000165 ◢ Support: 0.00000591 | 0.0000042 | 0.0000001 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -5.96 ▣ Last 90D: 1.75 ▣ Last 1-Y: 0.82 ▣ Last 3-Y: 0.14 ◲◰ Volatility : ▣ Last 30D: 1.52 ▣ Last 90D: 1.61 ▣ Last 1-Y: 1.20 ▣ Last 3-Y: 1.21 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.61 - Bullish ▣ Reddit sentiment score is 0.64 - Bullish ▣ In-depth ZRXBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ENA/BTC - Ethena: Failure Swing◳◱ On the $ENA/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00002199 | 0.00002556 | 0.00003279 and support near 0.00001476 | 0.0000111 | 0.00000387. Entering trades at 0.00001551 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Ethena ▣ Rank: 71 ▣ Exchanges: Binance ▣ Category/Sector: N/A ▣ Overview: Ethena project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001551 ₿ ▣ 24HVol: 69.028 ₿ ▣ 24H Chng: 7.336% ▣ 7-Days Chng: -22.15% ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00002199 | 0.00002556 | 0.00003279 ◢ Support: 0.00001476 | 0.0000111 | 0.00000387 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: 3.17 ▣ Last 90D: 3.17 ▣ Last 1-Y: 3.17 ▣ Last 3-Y: 3.17 ◲◰ Volatility : ▣ Last 30D: 2.84 ▣ Last 90D: 2.84 ▣ Last 1-Y: 2.84 ▣ Last 3-Y: 2.84 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth ENABTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
SOL/BTC - Solana: Trend Reversal◳◱ On the $SOL/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.0026222 | 0.0029394 | 0.0036074 and support near 0.0019542 | 0.0016034 | 0.0009354. Entering trades at 0.0022664 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Solana ▣ Rank: 5 ▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0022664 ₿ ▣ 24HVol: 814.743 ₿ ▣ 24H Chng: 3.206% ▣ 7-Days Chng: -4.89% ▣ 1-Month Chng: -23.98% ▣ 3-Months Chng: 57.21% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0026222 | 0.0029394 | 0.0036074 ◢ Support: 0.0019542 | 0.0016034 | 0.0009354 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -3.43 ▣ Last 90D: 2.05 ▣ Last 1-Y: 2.26 ▣ Last 3-Y: 0.99 ◲◰ Volatility : ▣ Last 30D: 1.06 ▣ Last 90D: 0.89 ▣ Last 1-Y: 0.91 ▣ Last 3-Y: 1.19 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.39 - Bearish ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.55 - Bullish ▣ In-depth SOLBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
HEXUSD The downtrend is intact. Lower prices to be expected.HEXUSD has been trading within a long-term Channel Down since September 2021 and the current weekly rise doesn't seem to be able to alter that. It will be the first green 1W candle after 6 red in a row. The pattern so far gives roughly -97% Bearish Legs to the 1.786 Fibonacci extension and then Bullish Legs towards the top of the Channel Down. As a result, we expect prices to at least 0.000800 (Fib 1.786) before we can consider again a medium-term rebound in the form of a Channel Up (dotted). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:HEXUSDShort
by TradingShot
2
BTC Halving only few hours away! Youre NOT READY for this rally!Bitcoin (BTCUSD) is less than a day (only a few hours) away from the new Halving and naturally all eyes are on this historic event, the 4th in succession. We all know the fundamental specifics and how a -50% less Supply can drive the price higher as long as Demand stays intact. What people may not know (or may not be able to comprehend) is the pure magnitude of the rally that is about to begin in the next few weeks. Let's put all into technical context in order to understand just how high BTC can go. ** Fibonacci Channel and Mayer Multiple Bands ** We are all familiar with the Channel Up that started on the December 2017 High. With some variations, it has been so far very consistent. The application of the Fibonacci Channel retracement levels and the Mayer Multiple Bands, helps us get a good understand of the relative position we might be at compared to the previous Cycle. ** Have we been here before? ** As you can see, BTC has been consolidating since the March 04 1W candle within the 0.382 - 0.5 Fibonacci Channel range. At the same time, the Mayer Multiple Standard Deviation Upper 1 level (grey line) is supporting, in fact it was touched this week. The is a similar price action amoung the exact same levels we had from November 16 to December 07 2020. Interestingly enough, the 1W CCI sequences that preceded this between the two fractals, are also similar. ** How high can we go? ** As for how high the Cycle can rise to? The previous Cycle peaked on the 1.618 Fibonacci extension (from the previous High to the bottom). The same specification gives us $170000. But besides the 1.618, the price reached the top of the Channel Up and the MM STD Upper 2 (orange line), making a rise from the consolidation's low of +300%. If this happens again, BTC can even reach $240000. This is far from an unrealistic range projection, $170k - $240k, for the Cycle High. But what do you think? Will we fall somewhere between or higher/ lower? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
9