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POWR/USDT - Power Ledger: BBand Breakout◳◱ On the $POWR/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 0.2618 | 0.2883 | 0.3531 and support near 0.197 | 0.1587 | 0.0939. Entering trades at 0.2949 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Power Ledger ▣ Rank: 230 ▣ Exchanges: Binance, Bybit, Gateio ▣ Category/Sector: Services - Energy ▣ Overview: On July 21, 2022, the SEC stated that POWR is a "crypto asset security". Note: (1) Messari does not provide financial or trading advice - our services are for informational purposes only; and (2) Messari's services are impersonal - do your own due diligence. Please refer to our Terms of Use for more info. Power Ledger is building a platform with the goal of creating decentralized energy markets ◰◲ Technical Metrics : ▣ Mrkt Price: 0.2949 ₮ ▣ 24HVol: 16,115,293.596 ₮ ▣ 24H Chng: 16.148% ▣ 7-Days Chng: 24.79% ▣ 1-Month Chng: 44.18% ▣ 3-Months Chng: 79.43% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.2618 | 0.2883 | 0.3531 ◢ Support: 0.197 | 0.1587 | 0.0939 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 4.15 ▣ Last 90D: 2.67 ▣ Last 1-Y: 1.10 ▣ Last 3-Y: 0.84 ◲◰ Volatility : ▣ Last 30D: 1.89 ▣ Last 90D: 1.25 ▣ Last 1-Y: 0.89 ▣ Last 3-Y: 1.37 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.45 - Bearish ▣ Reddit sentiment score is 0.52 - Bullish ▣ In-depth POWRUSDT 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
XEM/USDT - NEM: Trend Reversal◳◱ On the $XEM/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.04344 | 0.05071 | 0.06368 and support near 0.03047 | 0.02477 | 0.0118. Entering trades at 0.03628 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: NEM ▣ Rank: 136 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Bittrex ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: NEM is a smart contracts platform focused on high performance and enterprise solutions. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.03628 ₮ ▣ 24HVol: 1,084,102.705 ₮ ▣ 24H Chng: 1.397% ▣ 7-Days Chng: 0.44% ▣ 1-Month Chng: 34.78% ▣ 3-Months Chng: 46.24% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.04344 | 0.05071 | 0.06368 ◢ Support: 0.03047 | 0.02477 | 0.0118 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 8.04 ▣ Last 90D: 3.58 ▣ Last 1-Y: 0.50 ▣ Last 3-Y: 0.15 ◲◰ Volatility : ▣ Last 30D: 0.51 ▣ Last 90D: 0.45 ▣ Last 1-Y: 0.74 ▣ Last 3-Y: 1.11 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.51 - Bullish ▣ Reddit sentiment score is 0.41 - Bearish ▣ In-depth XEMUSDT 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 -
X
by Crypto2AF
SOL/USDT - Solana: Trend Reversal◳◱ On the $SOL/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 66.93 | 77.59 | 101.88 and support near 42.64 | 29.01 | 4.72. Entering trades at 60.28 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Solana ▣ Rank: 6 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ 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: 60.28 ₮ ▣ 24HVol: 456,568,655.028 ₮ ▣ 24H Chng: 5.219% ▣ 7-Days Chng: 7.22% ▣ 1-Month Chng: 123.40% ▣ 3-Months Chng: 184.97% ◲◰ Pivot Points - Levels : ◥ Resistance: 66.93 | 77.59 | 101.88 ◢ Support: 42.64 | 29.01 | 4.72 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 8.67 ▣ Last 90D: 4.44 ▣ Last 1-Y: 1.91 ▣ Last 3-Y: 1.47 ◲◰ Volatility : ▣ Last 30D: 1.35 ▣ Last 90D: 0.98 ▣ Last 1-Y: 0.97 ▣ Last 3-Y: 1.32 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.48 - Bearish ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.48 - Bearish ▣ In-depth SOLUSDT 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
1
BTC - Daily: Second Bullish LegThe red box on the chart represents a significant pullback and a period of consolidation for the price. This suggests that Bitcoin is now poised to ascend towards the target of the second leg. Both this pullback and the initial leg are clearly visible on the weekly chart, as depicted in the attached photo. In my opinion, the BTC price has the potential to rise to $50K through the second bullish leg. However, this upward movement may unfold in multiple phases. At the current juncture, I anticipate a minor pullback to the $32K zone. These movements can create a significant opportunity on other charts, allowing us to potentially gain a considerable amount of profit from these market dynamics.
Long
by Sober_Trading
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook: Currently, the price of Bitcoin has been contained within our completed Inner Coin Rally of 37800 and vital Mean Sup of 35600. This has resulted in a trading tunnel that is particularly beneficial for those experienced in active trading. However, it is worth noting that the price is currently dropping towards the Mean Sup of 35600, and there could be a possibility of a further correction to the Mean Sup of 33900. On the upside side, Bitcoin's price has the potential to reach the Next #1 Outer Coin Rally of 39200, #2 41200, and #3 43700. This indicates a prospect for upward momentum in the near future. Observing these price-action developments closely is crucial, as they could allow investors/traders to profit from the market. Understanding these price fluctuations and knowing when to act can be extremely beneficial in maximizing returns.
BITSTAMP:BTCUSD
by TradeSelecter
AERGO/USDT - Aergo: Trend Reversal◳◱ On the $AERGO/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.152 | 0.162 | 0.1851 and support near 0.1289 | 0.1158 | 0.0927. Entering trades at 0.1626 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Aergo ▣ Rank: 353 ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc ▣ Category/Sector: Infrastructure - Enterprise and BaaS ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.1626 ₮ ▣ 24HVol: 9,077,508.508 ₮ ▣ 24H Chng: -10.463% ▣ 7-Days Chng: 13.45% ▣ 1-Month Chng: 49.36% ▣ 3-Months Chng: 77.29% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.152 | 0.162 | 0.1851 ◢ Support: 0.1289 | 0.1158 | 0.0927 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: SELL ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: 3.55 ▣ Last 90D: 3.23 ▣ Last 1-Y: 1.17 ▣ Last 3-Y: 0.85 ◲◰ Volatility : ▣ Last 30D: 1.79 ▣ Last 90D: 1.12 ▣ Last 1-Y: 0.83 ▣ Last 3-Y: 1.33 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.58 - Bullish ▣ In-depth AERGOUSDT 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
LAZIO/BTC - Lazio Fan Token: Trend Reversal◳◱ On the $LAZIO/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00005893 | 0.00006322 | 0.00007215 and support near 0.00005 | 0.00004536 | 0.00003643. Entering trades at 0.00005189 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Lazio Fan Token ▣ Rank: 763 ▣ Exchanges: Binance, Hitbtc ▣ Category/Sector: N/A ▣ Overview: Lazio Fan Token project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00005189 ₿ ▣ 24HVol: 1.680 ₿ ▣ 24H Chng: -0.708% ▣ 7-Days Chng: -2.96% ▣ 1-Month Chng: 16.63% ▣ 3-Months Chng: -6.69% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00005893 | 0.00006322 | 0.00007215 ◢ Support: 0.00005 | 0.00004536 | 0.00003643 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : STRONG_SELL ◲◰ Sharpe Ratios : ▣ Last 30D: 4.69 ▣ Last 90D: -0.33 ▣ Last 1-Y: -2.17 ▣ Last 3-Y: -0.27 ◲◰ Volatility : ▣ Last 30D: 0.39 ▣ Last 90D: 0.36 ▣ Last 1-Y: 0.62 ▣ Last 3-Y: 1.37 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth LAZIOBTC 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 -
L
by Crypto2AF
BITCOIN has entered the Halving Phase and targets 50k.Bitcoin (BTCUSD) is under heavy volatility lately due to the ETF development and in times like this, we tend to zoom out into the longer term time-frames such as the 1W to get a better perspective of where we might be at with relation to past Cycles, in an attempt to filter out the short/ medium-term volatility of such news. ** Cycle classification ** On this chart we compare the current to the 2018 - 2021 and 2014 - 2017 Cycles. To get an insightful understanding of time and levels, we have categorized the Phases into Bear (red), 1st Rally (orange), Pre & Post Halving (blue) and Parabolic Rally (green). Based on that classification, BTC has just entered the Pre & Post Halving phase, with Halving 4 expected to take place in April 2024. During that phase, the price reaches or has already reached (in the case of 2020) the 0.786 Fibonacci retracement level, while keeping the 0.382 Fibonacci intact as a Support (notable exception of course March 2020 with the COVID crash, which was however an irregularity due to its once in 100 years occurrence). The 1W MA50 (blue trend-line) also poses as a loose Support. ** Now and new All Time High ** On the current Cycle, the 0.786 Fib is at $50000, so based on our model, either now or 3-4 months after the Halving it should be reached. At the same time, we shouldn't drop below 27000 (0.382 Fibonacci). Once the 0.786 Fib breaks, BTC should test the 69000 All Time High (ATH) in a matter of weeks, which will be the start of the Parabolic Rally phase. Beyond that, it is a matter of how high the current Cycle can extend to in pricing the next ATH. The 2017 Cycle peaked on the 2.382 Fib extension and the 2021 on the 1.618 Fib extension. That is the Theory of Diminishing returns on every Cycle, as adoption gets greater. Technically it is natural to expect no more than 1.382 Fib, which is a little over $120000. Perhaps the worst case scenario might be 100k but of course much depends on the fundamentals at the time, e.g. how adoption evolves, how much capital will flow in case of an ETF approval etc. But what do you think? Do you agree that 50k will be reached within our designated Pre & Post Halving phase? Or it is too high too soon? 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
11
ETHEREUM Golden Cross ahead. Prepare for $2450.Almost a month ago (see chart below) we gave the most optimal buy entry on Ethereum (ETHUSD), while it was at the bottom of its Channel Down, even below the 1D MA50 (blue trend-line), targeting the 1D MA200 (orange trend-line): The target got hit and the rally has been so strong that it even broke above the medium-term Channel Down and resumed the long-term Channel Up that it has been trading within in the last 12 months. Technically, it is about to form a 1D Golden Cross, with the last registered formation being on February 08. The price had entered a Megaphone consolidation with the 1D MA50 as the first Support and the 1D MA200 as the second and in less than 2 months gave a rebound/ continuation of the rally to the Higher High of the Channel Up on the 1.5 Fibonacci extension. Even the 1D RSI patterns between the two sequences are similar. As a result, the best strategy here is to buy any similar pull-back ETH may give and target $2450 (1.5 Fib) within January 2024. ------------------------------------------------------------------------------- ** 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:ETHUSDLong
by TradingShot
9
The number of large speculators declinesBitcoin attempted to establish a new high above $37,978 in the past two days but failed. In the meantime, the decline in ADX on the daily chart began to reflect a slight loss of bullish momentum; additionally, MACD, Stochastic, and RSI reversed, now pointing to the downside. These actions heighten our alert level as we continue to see the falling number of Bitcoin addresses with balances exceeding 1,000 BTC. Therefore, in the next few days, we will pay attention to the support at $35,002 and resistance at $37,978. A breakout below the support will raise the odds of continuation lower. In contrast, a breakout above the resistance will increase the odds of Bitcoin testing $39,000 and potentially even $40,000. To support a bearish thesis, we would like to see a further decline in the mentioned indicators. Contrarily, to support a bullish thesis, we would want to see RSI breaking back above 70 points and trending within the overbought territory. Furthermore, we would want to see a reversal to the upside in Stochastic and MACD. Illustration 1.01 Illustration 1.01 shows the daily chart of BTCUSD within the upward-sloping channel. A breakdown below the channel will be bearish. Technical analysis gauge Daily time frame = Slightly bearish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
1
Solana might be at riskIn evaluating the current state of Solana, it's important to acknowledge certain risks within the framework of the Elliott Wave Theory. Presently, there are uncertainties and volatility risks in Solana's price level and recent movements, based on market dynamics and potential wave patterns. According to the Elliott Wave Theory, market cycles and wave structures often follow specific patterns, but identifying and interpreting these patterns can be complex. Particularly, complex corrective waves and anticipated price movements can carry specific risks for investors. Therefore, it is crucial to exercise caution regarding Solana's current market position and its future movements, while effectively employing risk management strategies. It's always advisable to conduct comprehensive market analysis before making any investment decisions and consider your personal financial situation and risk tolerance. This is equally applicable when utilizing analyses based on the Elliott Wave Theory. Based on my analysis of the Solana coin, the rise observed since the beginning of the year does not constitute an impulsive wave. Instead, it appears to be a complex correction in the form of a double zigzag. Currently, Solana is testing a channel resistance at around $68. According to Elliott Wave theory, this level could prompt a correction, initiating the B wave of the second zigzag. This corrective phase might see Solana's price retracting to the range of approximately $28 to $35. This prediction is based on the Elliott Wave principle, which suggests that following the completion of an A wave in a zigzag, a B wave typically retraces a significant portion of the initial wave. Given the current market dynamics and wave patterns observed, this retracement seems to be a likely scenario. I have shared this analysis on TradingView.com, highlighting the expected trajectory and potential retracement levels for Solana in the coming period, based on the Elliott Wave framework.
by MaestroAI
SOL Elliott Wave Continuation counts. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! #SOL DOOM count! 👻 But first, some continuation patterns to keep an eye on. Last time it just rocketed up, Shorters beware. There are some possible down counts shorter term. $48 break and $40 would be in sights. Mooner...😏...or Doomer?🤔 Doomer count elsewhere.
CRYPTOCAP:SOLLong
by CryptoKnee
USDT/BTC Speculative Trading IdeaBelow is a speculative trading idea for the BTC/USDT pair. As of writing, there’s a consolidation and price chart compression towards the established local resistance level at a price of $35,195, following an impulsive 31% price increase from $26,794 with a rebound from the 50-day moving average. Within the framework of this idea, we propose to consider the possibility of buying BTC at a price of $35,195. We do so with the aim of continuing the BTC price rise towards the resistance zone located near the POC volume level, corresponding to the trading range of the first half of 2022. The approximate target for this trade is $38,440. An additional factor supporting this decision is the cumulative delta, indicating sustained buyer interest. The potential for this trade is estimated at 9%, with a stop-loss set at the 3% level, which amounts to $34,100.
BITSTAMP:BTCUSDLong
by Rick_SimpleSwap
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by CryptoCheck-
8
BNT/USDT Speculative Trading IdeaBelow is a speculative trading idea for the BNT/USDT pair. As of writing, the asset's value has decreased by more than 50% after a strong growth of 240%. The asset meets our expected indicators and reaches a high of $1.9546 . We decide to acquire the asset at the current price of $0.8426. The 50-day moving average serves as support. A decrease in seller activity is also noted, and the price is being held by buyers according to the cumulative delta. The volume profile also reflects market participants' interest in this asset at this price level. The first target of our trade is to reach the mirror level at $1.0500, with a profit percentage of over 20%. Upon reaching this level, we plan to close the majority of our position, which will be 80%. The second target, intended for the remaining 20% of the position, is to reach a price of $1.2163 in the event of a breakout of the mirror level. The expected profit at this stage will be over 40%.
Long
by Rick_SimpleSwap
7
FXSUSD Emerging 1D Golden Cross.Frax Share (FXSUSD) is about to form a 1D Golden Cross, the 2nd such pattern within the 11-month Triangle. The first rose to a 2.0 Fibonacci extension High on February 09. A 2.0 Fibonacci rise on the current sequence from its last High would take the cryptocurrency to 10.000, on a potential contact with the 1D MA100 (green trend-line), the first since April 18. ------------------------------------------------------------------------------- ** 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:FXSUSDLong
by TradingShot
1
A few trends to watch out for After hitting nearly $38,000 last Thursday, a questionable relationship between the rising price of Bitcoin and decreasing volume continues to develop. In addition to that, the data obtained from LookIntoBitcoin reveals the number of Bitcoin addresses with balances exceeding 100 BTC dropped from 16,029 to 15,966 between 8th November and 13th November 2023, marking the most significant drop since the start of the rally; besides that, the number of these Bitcoin addresses is far lower from its 2023 high of 16,191 (5th January 2023). A similar trend can also be observed among the number of Bitcoin addresses with balances exceeding 1,000 BTC, which dropped from 2,025 on 3rd November 2023 to 2,011 on 13th November 2023 (this decline is less significant than the one in the previous group, though it still should not be overlooked); plus, the number is also down from the 2023 high of 2,054 (25th January 2023). Now, in regard to technicals on the daily chart, RSI has continued to trend within the overbought territory for the past few days. As such, we continue to wait for a breakout below 70 points, which we expect to be accompanied by a pullback in the price (probably somewhere between $34,000 and $35,000). Furthermore, Stochastic and MACD began to flatten, reflecting decreasing bullish momentum. Overall, our stance remains unchanged since the previous update. We will update thoughts on the asset with the emergence of new developments. Illustration 1.01 Illustration 1.01 shows the daily chart of BTCUSD and illustrates a questionable relationship between the price and volume. Illustration 1.02 Illustration 1.02 portrays the 4-hour graph of BTCUSD, with the price trading within the upward-sloping channel; a breakout below or above the channel is something to pay attention to in the short term. Technical analysis gauge Daily time frame = Bullish (with the trend losing momentum) Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSD
by Tradersweekly
3
FET/BTC - Fetch.ai: Trend Reversal◳◱ On the $FET/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00001279 | 0.00001401 | 0.00001698 and support near 0.00000982 | 0.00000807 | 0.0000051. Entering trades at 0.00001093 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Fetch.ai ▣ Rank: 138 ▣ Exchanges: Binance, Kucoin, Hitbtc ▣ Category/Sector: Infrastructure - Artificial Intelligence ▣ Overview: Fetch.ai is building a decentralized machine learning platform based on a distributed ledger, that enables anyone to share or exchange data. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001093 ₿ ▣ 24HVol: 22.205 ₿ ▣ 24H Chng: -3.445% ▣ 7-Days Chng: 2.98% ▣ 1-Month Chng: 88.99% ▣ 3-Months Chng: 98.37% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001279 | 0.00001401 | 0.00001698 ◢ Support: 0.00000982 | 0.00000807 | 0.0000051 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: SELL ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: 7.94 ▣ Last 90D: 3.28 ▣ Last 1-Y: 2.08 ▣ Last 3-Y: 1.24 ◲◰ Volatility : ▣ Last 30D: 1.03 ▣ Last 90D: 0.84 ▣ Last 1-Y: 1.26 ▣ Last 3-Y: 1.44 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.71 - Bullish ▣ In-depth FETBTC 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
NTRN/BTC - Neutron Coin: Failure Swing◳◱ On the $NTRN/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.00001166 | 0.00001309 | 0.00001641 and support near 0.00000834 | 0.00000645 | 0.00000313. Entering trades at 0.00001278 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Neutron Coin ▣ Rank: None ▣ Exchanges: Binance ▣ Category/Sector: N/A ▣ Overview: Neutron Coin project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001278 ₿ ▣ 24HVol: 42.593 ₿ ▣ 24H Chng: 35.957% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001166 | 0.00001309 | 0.00001641 ◢ Support: 0.00000834 | 0.00000645 | 0.00000313 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ 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 N/A ▣ In-depth NTRNBTC 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 -
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by Crypto2AF