ETH/BTC bottoming. It's Finally TimeIt's finally time for Eth/Btc to bottom. 2025 will be good to ETH even if it's not viable longer term. Look for Eth to outperform Btc over the coming months.
Cryptocurrency
Polygon at Key Support Zone - Will It Bounce to 0.4700?COINBASE:MATICUSD has reached a significant support level that has previously attracted buying interest, often resulting in bullish recoveries. This level aligns with previous market reactions, highlighting its role as a key area to watch.
If the support holds and bullish confirmation emerges—such as bullish engulfing candles or long lower wicks—a move toward the 0.4700 level is anticipated. However, if the support is broken, the bullish outlook could be invalidated, opening the door for further bearish momentum.
Traders should closely monitor this zone for signs of buyer strength before considering long positions. As always, risk management is essential to mitigate potential losses.
BITCOIN What if its Parabolic Growth isnt meant to last forever?Well you might have expected by reading the title that I meant the opposite, Bitcoin's parabolic growth to stop at some point.
Well even though that's likely, this multi year chart comparison with Nikkei shows that Parabolic Growths some times break to the upside to an even more 'maniacal' phase.
Hard to believe but Nikkei, the biggest most recent stock market bubble in history is a living example.
It was rising parabolically since the 1950s along with Japan's heavy industrial economy.
The heavy export country, reached a transition phase in the early 1980s with highly revolutionary tech companies exporting goods all over the globe.
The stock market broke above its parabolic curve exponentially in late 1983 - early 1984 and peaking on December 1989.
This may be what BTC's massive adoption may look like. A break above its established parabolic curve, which practically no one expects to ever break to the upside.
That will be Bitcoin's 'Mania Phase'. How long it can grow and what price it can reach (if it ever does of course) no one knows.
But what this comparison shows, is to keep an open mind and no matter how expensive Bitcoin may look at the current price, there is always the potential for (much) higher.
Every investor's portfolio should include at least a small portion (2-5%) of BTC for a decade-long horizon.
Previous chart:
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ADAUSD: Last consolidation before 5.50.Cardano is neutral on its 1D technical outlook (RSI = 48.919, MACD = 0.005, ADX = 18.468) as it is trading around its 1D MA50. Basically it is consolidating since December 7th following November's incredible rally. The pump stopped on the HH trendline, which is holding for 2 years, since basically the bottom of the Bear Cycle. This is no different than the consolidation of December 2020, which was also around the 1D MA50, above the 1D MA200 and below the HH trendline.
Once this breaks, we espect a rally of similar proportions to November (TP = 5.500).
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BITCOIN We are nowhere near the Top!Bitcoin (BTCUSD) on the 1M time-frame is as straightforward as it can get. The message is clear: We are nowhere near the Top yet.
The LMACD flashes its Cycle Top signal when it tests the Lower Highs trend-line. If this happens to be above the Pi Cycle's Top (red trend-line), then we have a complete Sell Signal for the Cycle. This is expected to take place towards the end of this year.
Similarly, the bottom takes place below the Pi Cycle's Bottom (green trend-line) and is confirmed by a LMACD Bullish Cross. Those indicators are the Blueprint to BTC's Cycles.
Do you agree with this? Feel free to let us know in the comments section below!
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SOLANA 2025-2026 it can make a historical price action $1000Solana can break in the coming time up $300 and with time even to 1000 USD.
This update depends on the last trend of the coin.
we can't see the future, but the chance is high that SOL/USDT is able to break $300 USD soon.
We will follow it to see if it is going to happen soon the break to $300.
BTC Intraday Market Analysis (Thesis Prediction)1. Current Market Position:
Price: $101,645.39, down -1.9% in the last few hours.
Support: $101,000 | Resistance: $103,000.
Trend: Short-term bearish; BTC has failed to sustain key support levels but shows signs of possible stabilization on hourly charts.
2. Technical Indicators:
RSI: 30.04, oversold territory, suggesting a possible short-term bounce or consolidation.
MACD: Bearish signal with MACD line at -46.82 below the signal line at -193.45. The narrowing histogram (-146.63) hints at diminishing bearish momentum.
VWMA: Current price below VWMA at $102,847.77, signaling strong bearish sentiment. A move above this could suggest a reversal.
3. On-Chain Insights:
Exchange Balances: No significant inflows or outflows (1.81M BTC held on exchanges), indicating stable liquidity.
Open Interest:
Longs: Down -27.39% to $3.78B.
Shorts: Up +47.47% to $6.26B, reinforcing bearish bias.
Funding Rates: Low (Binance: 0.0100%), reflecting minimal cost for holding short positions and bearish sentiment.
4. Financial and Sentiment Analysis:
Trading Volume: Down -29.68% to $81.58B, signaling reduced activity or market consolidation.
Fear & Greed Index: Dropped -10.71% to 75 (closer to neutral), indicating waning speculative enthusiasm.
Market News: Reports on declining altcoins and BTC slipping below $102K from Cointelegraph could contribute to bearish sentiment.
5. Scenarios:
Bearish Scenario (Confidence: 60%)
Conditions: Persistent bearish sentiment, outflows from exchanges, and low funding rates suggest further selling pressure.
Outcome: BTC could test $100,000 or lower, driven by technical and sentiment-based momentum.
Bullish Scenario (Confidence: 25%)
Conditions: Recovery if RSI moves out of oversold territory or positive sentiment emerges from news or trader behavior (e.g., increased long positions).
Outcome: BTC might bounce to $102,000 or $103,000, especially if it breaks above the VWMA, signaling a potential trend reversal.
Sideways Scenario (Confidence: 15%)
Conditions: Mixed market sentiment with consolidation around current levels, lacking strong catalysts.
Outcome: BTC likely trades in a narrow range between $101,000–$102,000, awaiting clearer direction.
6. Trading Strategies:
Contrarian Play: With RSI in oversold, cautious long entries near $101,000 could target $102,000 or higher, but require tight risk management.
Bearish Continuation: Align with the current trend by shorting on failed recoveries, targeting $100,000 with stop-losses above $103,000.
7. Conclusion:
BTC’s short-term outlook remains bearish, but oversold indicators suggest potential for a bounce or consolidation. Traders should monitor VWMA, funding rates, and news updates to gauge momentum shifts. With market volatility elevated, maintaining strict risk controls and staying updated on sentiment is crucial for navigating the current conditions.
Downside potential is 81KMorning folks,
So, our bearish ideas seem to be correct last time... Now we think that weekly TF is most perspective for BTC, because here we could get DiNapoli DRPO "Sell". First signs are already here, but for final confirmation we need close below MA line.
Meantime, on intraday charts, BTC is forming the Diamond consolidation , and on the same weekly one we have "Shooting star" on top. So, if you would like to go short earlier, you could use both pattern with the stops against the recent top.
Conservative traders could wait for confirmation of the pattern still. We consider no longs by far.
ETHEREUM trapped between MAs but preparing a massive surge.Ethereum (ETHUSD) has been trading since the start of the year within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Despite this technical 'trap', there are two bullish patterns that outweigh this range and those are primarily the Channel Up since the July 18 2022 market bottom and in the last 10 months an Inverse Head and Shoulders (IH&S) pattern.
The latter is in the process of forming the Right Shoulder and as long as the 1D MA200 holds, it should complete it within 6 weeks maximum. On top of that, we have a recently formed 1D Golden Cross and in terms of 1W RSI, we are on similar grounds as January 2024.
On all cases, a strong rally followed in the form of the Channel's Bullish Leg. Assuming it follows the technical target of the IH&S, we are expecting a peak on the 2.0 Fibonacci extension at $7400.
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TRUMP at Key Support Level: Will It Bounce or Break Below?BINANCE:TRUMPUSDT is trading near a key support level that previously acted as a foundation for bullish momentum. The recent price action indicates that this area may serve as a strong demand zone.
If bullish confirmation appears, such as increased buying volume or candlestick reversal patterns, I expect the price to move toward 42.00$. Conversely, a break below this support would weaken the bullish scenario and suggest further downside.
Traders should monitor this level closely and use proper risk management to navigate potential market volatility.
Is This the Turning Point for BYBIT-SPECUSDT.P?Current Market Dynamics: A Pivot Moment for BYBIT-SPECUSDT.P
The cryptocurrency market often surprises, and BYBIT-SPECUSDT.P is no exception. Trading at $6.223, the asset finds itself 66.78% below its historical high of $18.735 from November 30, 2024, but also an impressive 46% above its absolute low of $4.262 in July 2024. Are we witnessing a buildup for the next major move?
The technical picture reveals key insights. The RSI14 on the hourly chart is deeply oversold at 26.15, indicating potential upward momentum brewing. Meanwhile, the MFI also signals undervaluation at 29.92. These indicators align with a possible bounce from the current consolidation zone.
A series of VSA Buy Patterns highlights a steady buying interest, with a recent 0.6% upward movement confirming bullish pressure. Yet, powerful resistance looms overhead at $7.055 and $7.452, which will need to break for a sustained rally.
The Intriguing Question: What's Next?
With prices hovering near critical levels, the stage is set for decisive action. Will bulls seize this as a launchpad for recovery, or are bears poised to press their advantage? The convergence of oversold signals and strong resistance tests could herald significant volatility.
Stay tuned for updates on this thrilling setup—your opportunity might just be around the corner.
Roadmap of BYBIT-SPECUSDT.P: A Playbook of Price Action
Understanding the market through its historical patterns is the key to staying ahead. Here’s a detailed breakdown of the major events shaping BYBIT-SPECUSDT.P, tracing each significant pattern and its price implications.
1. VSA Buy Pattern Extra 1st: January 23, 2025, 02:00 UTC
This bullish setup hinted at a potential upward movement. Price opened at $6.225, closed slightly lower at $6.216, and formed a low of $6.118. The main direction was Buy, signaling an impending bullish pressure.
Validation: The next pattern maintained a buying trajectory, closing higher in subsequent moves, confirming the accuracy of the bullish call.
2. VSA Buy Pattern Extra 1st: January 23, 2025, 01:00 UTC
A reinforcing bullish signal emerged, with an opening at $6.321 and a closing dip to $6.225, but this set the stage for a rebound. Low and high levels ($6.162 to $6.733) indicated market hesitation before the trend firmed up.
Validation: The direction remained consistent, as subsequent candles edged higher, confirming the trigger point's reliability.
3. VSA Buy Pattern Extra 1st: January 23, 2025, 00:00 UTC
This pattern marked an uptick in bullish confidence. The price action fluctuated between $6.277 and $6.912, with a clear move aligning with the Buy main direction.
Validation: A steady upward movement followed, further strengthening the bullish narrative.
4. Increased Sell Volumes: January 22, 2025, 20:00 UTC
A stark contrast emerged as the sell volumes peaked. Prices opened at $6.704 and plummeted to close at $6.456, setting a bearish undertone.
Validation: This pattern effectively predicted the selloff that extended into subsequent bars, proving its worth as a reversal indicator.
5. VSA Buy Pattern Extra 1st: January 22, 2025, 00:00 UTC
The market flipped bullish again, with the price moving from $6.905 to $6.628. A decisive direction shift was signaled.
Validation: True to its bullish call, this pattern initiated a recovery, validated by later price movement above the $6.7 zone.
Key Insights for Traders
Patterns that align with subsequent price action (e.g., VSA Buy Pattern Extra 1st) consistently deliver actionable signals. Increased Sell Volumes can provide crucial early warnings of reversals, enabling traders to hedge effectively. Adhering to trigger points ensures higher accuracy and confidence in trading decisions.
This roadmap not only reflects historical accuracy but also provides a guide for spotting actionable opportunities in real time.
Technical & Price Action Analysis: Key Support and Resistance Levels
Trading is all about catching the bounce or riding the breakout. Here’s the rundown of the key levels for BYBIT-SPECUSDT.P that traders should keep their eyes on. Remember, if these levels don’t hold, they’ll flip into resistance and become roadblocks for price action.
Support Levels:
First up, we’re looking at a soft landing zone that could provide a decent bounce opportunity. Monitor how the price reacts to this area to gauge momentum.
Resistance Levels:
The immediate barriers lie at $7.055, $7.452, and $7.968. These are the lines in the sand where bulls will face heavy fire. If the price can't break through, expect reversals back to support.
Powerful Support Levels:
Not much firepower here, meaning the price may lack strong buying interest on the downside.
Powerful Resistance Levels:
Eyes are on $5.539—this is the rock where many moves may stall. If this level flips into support, it’ll be a key confirmation of bullish dominance.
Pro Tip:
Keep an eye on how the price interacts with these levels. If a support doesn’t hold, it’s not just a miss—it’s a new ceiling traders will have to deal with. Always be prepared to pivot and adapt.
Trading isn’t about guessing—it’s about reacting. These levels are your roadmap to staying ahead of the pack.
Concept of Rays: Trading Strategies Based on Fibonacci Rays
The "Rays from the Beginning of Movement" concept provides a structured yet flexible system for analyzing and trading market movements. It combines Fibonacci principles with dynamic price behavior and technical analysis, creating a unique tool for identifying opportunities. Let’s dive into how to use this method effectively.
Core Idea
Fibonacci Rays form dynamic boundaries that guide price movements, signaling potential reversals or continuations. These rays interact with key levels and Moving Averages (MA50, MA100, MA200) to highlight zones where significant price action occurs.
The principle is simple: trade after price interaction with a ray and the appearance of a clear directional movement. This ensures higher confidence and allows riding the trend between rays.
Optimistic Scenario: Targets for Bulls
If the price interacts with ascending rays and shows strength, we target the next resistance levels.
First Target: $7.055 – A move above MA50 aligns with this zone, signaling continuation to $7.452.
Second Target: $7.968 – As price confirms momentum, this level becomes the next checkpoint.
Third Target: $10.057 – A breakout here could unlock higher levels, supported by interaction with MA200.
Pessimistic Scenario: Targets for Bears
Should price react to descending rays or fail to hold support levels, bearish setups become actionable.
First Target: $5.539 – Breakdown through MA50 and interaction with descending rays suggests further downside.
Second Target: $4.800 – A continuation of bearish momentum will likely test this zone.
Third Target: $4.262 – Retesting the absolute low completes this scenario.
Dynamic Price Interaction and Moving Averages
When price interacts with key Moving Averages, it strengthens the ray’s significance. For example:
Price holding above MA50 and interacting with an ascending ray indicates bullish continuation to the next ray.
Rejection at MA200, coupled with descending ray interaction, confirms bearish potential.
Suggested Trade Setups
Long Trade: Enter after price bounces off an ascending ray and moves above $7.055. First target: $7.452, then $7.968.
Short Trade: Enter after rejection at $6.800 (near MA100), targeting $5.539. Keep stops above MA100 to manage risk.
Swing Trade: If price consolidates near MA200 and interacts with rays, look for breakout or breakdown to capture the move toward the next ray level.
Scalping Trade: Use minor ray interactions for quick entries and exits, targeting the immediate next ray for profits.
Final Thoughts
The interplay of Fibonacci Rays, key levels, and Moving Averages provides a structured yet adaptive trading framework. By aligning trades with these dynamics, traders can capture movements with high confidence, knowing each step is guided by natural market principles.
Current Market Dynamics: A Pivot Moment for BYBIT-SPECUSDT.P
The cryptocurrency market often surprises, and BYBIT-SPECUSDT.P is no exception. Trading at $6.223, the asset finds itself 66.78% below its historical high of $18.735 from November 30, 2024, but also an impressive 46% above its absolute low of $4.262 in July 2024. Are we witnessing a buildup for the next major move?
The technical picture reveals key insights. The RSI14 on the hourly chart is deeply oversold at 26.15, indicating potential upward momentum brewing. Meanwhile, the MFI also signals undervaluation at 29.92. These indicators align with a possible bounce from the current consolidation zone.
A series of VSA Buy Patterns highlights a steady buying interest, with a recent 0.6% upward movement confirming bullish pressure. Yet, powerful resistance looms overhead at $7.055 and $7.452, which will need to break for a sustained rally.
The Intriguing Question: What's Next?
With prices hovering near critical levels, the stage is set for decisive action. Will bulls seize this as a launchpad for recovery, or are bears poised to press their advantage? The convergence of oversold signals and strong resistance tests could herald significant volatility.
Stay tuned for updates on this thrilling setup—your opportunity might just be around the corner.
Roadmap of BYBIT-SPECUSDT.P: A Playbook of Price Action
Understanding the market through its historical patterns is the key to staying ahead. Here’s a detailed breakdown of the major events shaping BYBIT-SPECUSDT.P, tracing each significant pattern and its price implications.
1. VSA Buy Pattern Extra 1st: January 23, 2025, 02:00 UTC
This bullish setup hinted at a potential upward movement. Price opened at $6.225, closed slightly lower at $6.216, and formed a low of $6.118. The main direction was Buy, signaling an impending bullish pressure.
Validation: The next pattern maintained a buying trajectory, closing higher in subsequent moves, confirming the accuracy of the bullish call.
2. VSA Buy Pattern Extra 1st: January 23, 2025, 01:00 UTC
A reinforcing bullish signal emerged, with an opening at $6.321 and a closing dip to $6.225, but this set the stage for a rebound. Low and high levels ($6.162 to $6.733) indicated market hesitation before the trend firmed up.
Validation: The direction remained consistent, as subsequent candles edged higher, confirming the trigger point's reliability.
3. VSA Buy Pattern Extra 1st: January 23, 2025, 00:00 UTC
This pattern marked an uptick in bullish confidence. The price action fluctuated between $6.277 and $6.912, with a clear move aligning with the Buy main direction.
Validation: A steady upward movement followed, further strengthening the bullish narrative.
4. Increased Sell Volumes: January 22, 2025, 20:00 UTC
A stark contrast emerged as the sell volumes peaked. Prices opened at $6.704 and plummeted to close at $6.456, setting a bearish undertone.
Validation: This pattern effectively predicted the selloff that extended into subsequent bars, proving its worth as a reversal indicator.
5. VSA Buy Pattern Extra 1st: January 22, 2025, 00:00 UTC
The market flipped bullish again, with the price moving from $6.905 to $6.628. A decisive direction shift was signaled.
Validation: True to its bullish call, this pattern initiated a recovery, validated by later price movement above the $6.7 zone.
Key Insights for Traders
Patterns that align with subsequent price action (e.g., VSA Buy Pattern Extra 1st) consistently deliver actionable signals. Increased Sell Volumes can provide crucial early warnings of reversals, enabling traders to hedge effectively. Adhering to trigger points ensures higher accuracy and confidence in trading decisions.
This roadmap not only reflects historical accuracy but also provides a guide for spotting actionable opportunities in real time.
Technical & Price Action Analysis: Key Support and Resistance Levels
Trading is all about catching the bounce or riding the breakout. Here’s the rundown of the key levels for BYBIT-SPECUSDT.P that traders should keep their eyes on. Remember, if these levels don’t hold, they’ll flip into resistance and become roadblocks for price action.
Support Levels:
First up, we’re looking at a soft landing zone that could provide a decent bounce opportunity. Monitor how the price reacts to this area to gauge momentum.
Resistance Levels:
The immediate barriers lie at $7.055, $7.452, and $7.968. These are the lines in the sand where bulls will face heavy fire. If the price can't break through, expect reversals back to support.
Powerful Support Levels:
Not much firepower here, meaning the price may lack strong buying interest on the downside.
Powerful Resistance Levels:
Eyes are on $5.539—this is the rock where many moves may stall. If this level flips into support, it’ll be a key confirmation of bullish dominance.
Pro Tip:
Keep an eye on how the price interacts with these levels. If a support doesn’t hold, it’s not just a miss—it’s a new ceiling traders will have to deal with. Always be prepared to pivot and adapt.
Trading isn’t about guessing—it’s about reacting. These levels are your roadmap to staying ahead of the pack.
Concept of Rays: Trading Strategies Based on Fibonacci Rays
The "Rays from the Beginning of Movement" concept provides a structured yet flexible system for analyzing and trading market movements. It combines Fibonacci principles with dynamic price behavior and technical analysis, creating a unique tool for identifying opportunities. Let’s dive into how to use this method effectively.
Core Idea
Fibonacci Rays form dynamic boundaries that guide price movements, signaling potential reversals or continuations. These rays interact with key levels and Moving Averages (MA50, MA100, MA200) to highlight zones where significant price action occurs.
The principle is simple: trade after price interaction with a ray and the appearance of a clear directional movement. This ensures higher confidence and allows riding the trend between rays.
Optimistic Scenario: Targets for Bulls
If the price interacts with ascending rays and shows strength, we target the next resistance levels.
First Target: $7.055 – A move above MA50 aligns with this zone, signaling continuation to $7.452.
Second Target: $7.968 – As price confirms momentum, this level becomes the next checkpoint.
Third Target: $10.057 – A breakout here could unlock higher levels, supported by interaction with MA200.
Pessimistic Scenario: Targets for Bears
Should price react to descending rays or fail to hold support levels, bearish setups become actionable.
First Target: $5.539 – Breakdown through MA50 and interaction with descending rays suggests further downside.
Second Target: $4.800 – A continuation of bearish momentum will likely test this zone.
Third Target: $4.262 – Retesting the absolute low completes this scenario.
Dynamic Price Interaction and Moving Averages
When price interacts with key Moving Averages, it strengthens the ray’s significance. For example:
Price holding above MA50 and interacting with an ascending ray indicates bullish continuation to the next ray.
Rejection at MA200, coupled with descending ray interaction, confirms bearish potential.
Suggested Trade Setups
Long Trade: Enter after price bounces off an ascending ray and moves above $7.055. First target: $7.452, then $7.968.
Short Trade: Enter after rejection at $6.800 (near MA100), targeting $5.539. Keep stops above MA100 to manage risk.
Swing Trade: If price consolidates near MA200 and interacts with rays, look for breakout or breakdown to capture the move toward the next ray level.
Scalping Trade: Use minor ray interactions for quick entries and exits, targeting the immediate next ray for profits.
Final Thoughts
The interplay of Fibonacci Rays, key levels, and Moving Averages provides a structured yet adaptive trading framework. By aligning trades with these dynamics, traders can capture movements with high confidence, knowing each step is guided by natural market principles.
Let’s Keep the Conversation Going!
Got questions about the analysis or want to dive deeper into the strategy? Drop your thoughts in the comments—I’m here to discuss, clarify, and explore new ideas with you.
If you found this post helpful, don’t forget to hit Boost and save it for later. This way, you can revisit it as the price action unfolds and see how it aligns with my ray-based levels. Trust me, understanding these key interaction points is a game-changer for your trading.
For those curious about the ray system: my indicator automatically maps out all the levels and rays, simplifying your analysis. It’s a private tool, but if you’re interested, send me a message—I’ll explain how you can access it.
Want a custom analysis for your favorite asset? Let’s make it happen! I’m open to creating free public insights or discussing private, tailored breakdowns for your strategy. My ray system works across all assets, and I can provide precise setups just for you.
If there’s an asset you’d like me to chart, simply comment below and hit Boost to show your interest. I’ll do my best to prioritize it.
Finally, don’t miss out—follow me here on TradingView for more insights, strategies, and unique ideas. Your feedback, questions, and engagement fuel this community, and I can’t wait to connect with all of you. Happy trading!
Phemex Analysis #55: How to Trade MELANIA Like a ProThe cryptocurrency world was shaken on January 20, 2025, when Melania Trump, the incoming First Lady of the United States, launched her own meme coin, $MELANIA ( PHEMEX:MELANIAUSDT.P ). Riding the wave of excitement surrounding her husband Donald Trump’s inauguration as the 47th U.S. President, $MELANIA surged to an all-time high (ATH) of $14.50 within hours of its launch, boasting a market capitalization of over $2 billion. However, the hype was short-lived as the token plummeted by more than 76%, stabilizing around $3.40 by January 23. This dramatic rise and fall highlight the extreme volatility of meme coins like $MELANIA.
Now, with traders closely watching its next moves, we explore two possible scenarios for $MELANIA’s price action and how you can trade it like a pro.
Bullish Breakout: A Resurgence in Momentum.
After its sharp decline, $MELANIA may be setting up for a bullish breakout. As of January 23, the token has formed a second low with a higher Relative Strength Index (RSI) compared to its first low on January 21. This signals that buying power is returning to the market. If $MELANIA breaks above the key resistance level of $4 with high trading volume, it could indicate strong bullish momentum and open the door for further gains.
In this scenario, traders should watch for resistance levels at $5, $5.9, $8, $9.2, $10.8, and $12.9 as potential profit-taking zones. Positive sentiment around the token—possibly driven by media coverage or endorsements—could fuel further price increases.
If you’re a short-term trader, consider gradually taking profits at each resistance level to lock in gains during the rally. For long-term holders who believe in the token’s potential or its association with Melania Trump’s public profile, holding through volatility may yield greater rewards.
Bearish Drop: A Chance to Buy the Dip.
On the flip side, there’s also a risk that $MELANIA could face another sharp decline if selling pressure intensifies. If the price falls below $3.29 with high trading volume and a lower RSI (below 19), it could signal further bearish momentum. In this case, psychological levels such as $3, $2, and even $1 might serve as key support zones where traders can look to buy the dip.
However, caution is essential here—if the price slows down near these levels with lower volume and higher RSI compared to previous dips, it may indicate that $MELANIA is attempting to build a support base. This would present an opportunity for traders to accumulate tokens at discounted prices before any potential recovery.
Conclusion.
Trading meme coins like $MELANIA is not for the faint-hearted—it’s a game of high risk and high reward. With its dramatic price swings and speculative nature, this token reflects both the opportunities and challenges of trading in volatile markets.
As Melania Trump garners attention in her new role as First Lady and continues to promote her digital asset, traders should remain vigilant and adapt their strategies based on evolving market conditions. Whether you’re riding bullish waves or buying dips during corrections, staying disciplined and informed will be your greatest advantage.
For those willing to embrace the risks, $MELANIA offers an exciting opportunity to trade one of the most talked-about tokens in crypto history—so gear up and trade MELANIA like a pro!
Tips:
Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TradeCityPro | IOTAUSDT Identifying a Re-Entry Point for Buying👋 Welcome to TradeCityPro Channel!
Let’s analyze one of the oldest coins in the market that has recently experienced a bullish move. Together, we’ll find our entry and exit points.
🌐 Overview Bitcoin
As always, before analyzing IOTA, we’ll take a quick look at Bitcoin on the 1-hour timeframe. Bitcoin is currently undecided, consolidating below its resistance and ATH while undergoing a correction. The positive aspect of this is that the volume is decreasing during the correction phase.
If you missed the previous entry, you can open a long position at the 106996 resistance with a wide stop-loss at 99851. This level can also act as your spot trading trigger, but only if you don’t hold Bitcoin. Personally, I would wait for Bitcoin’s dominance to drop and then switch my focus to altcoins.
📊 Weekly Timeframe
On the weekly chart, IOTA has been within a falling wedge pattern, which is inherently bullish and capable of reversing the primary trend. After breaking the 0.1423 trigger, the bullish move was activated.
Before the breakout, the weekly candle engulfed the three previous candles, signaling that bearish momentum had ended and giving an early signal to add this coin to the watchlist.
If you entered at 0.1423 or 0.2022, it would have been logical to secure your initial investment and continue holding the remaining coins. For now, there aren’t any clear weekly triggers for a new entry.
📈 Daily Timeframe
On the daily timeframe, IOTA has been performing better than most altcoins. While many altcoins have retraced to their daily boxes, IOTA remains above the 0.382 Fibonacci level, which is a strong bullish signal.
Momentum entered the coin after breaking the 0.1888 resistance—the top of the daily box—with a strong candle and good volume. At that point, it was possible to enter with a risky stop-loss at 0.1485 or a safer stop-loss at 0.1081. Afterward, the price moved up to 0.4999, showing signs of weakening momentum with smaller candles indicating a potential pullback.
If you’ve already entered during the breakout, hold your position for now.
You can exit if the price stabilizes below the 0.28 support, but I personally wouldn’t, as the chart still shows a bullish posture.
If you’re looking to re-enter or add more, wait for a breakout above 0.4018, which could initiate a new primary bullish trend.
The 0.1081 fake breakout triggered a significant reversal, marking the start of a new bullish move. This behavior highlights the importance of recognizing fake breakouts as trading opportunities.
If 0.28 is broken, the next support levels to watch are 0.2365 and 0.1888, though it’s unlikely for the price to drop below these levels at this stage.
As long as the price stays above 0.28, IOTA remains bullish , Wait for a breakout above 0.4018 to confirm a new bullish trend , Support levels are 0.28, 0.2365, and 0.1888 , IOTA continues to show strength, making it an interesting candidate for long-term holding or strategic trading.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
TRXUSD: Trapped between the 1D MA50 and MA100. Decision time.Tron is naturally neutral on its 1D technical outlook (RSI = 54.705, MACD = -0.006, ADX = 21.441) as it is on consolidation mode, ranging between the 1D MA50 and the 1D MA100. With the 1D RSI signalling a reversal, as long as the 1D MA100 holds, we expect the next bullish wave to start once the 1D MA50 breaks. Target the R1 level (TP = 0.45150).
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Is GMTUSDT Primed for a Breakout?Catch the Wave: GMT on the Verge of a Key Move
As of today, GMTUSDT is trading at $0.1066, standing 97.43% below its historical high of $4.15 from April 2022 and recovering 26.15% from its August 2024 low of $0.0845. The asset’s recent movement shows potential for significant momentum, supported by critical technical markers and volume patterns.
Despite the broader market's indecision, GMTUSDT’s RSI hovers near 53.53, signaling a neutral yet cautiously optimistic stance, while the MFI indicates underwhelming buying pressure at 37.10. This mix of metrics places the asset at a crossroads: consolidation or breakout?
Yesterday, a VSA Manipulation Sell Pattern emerged, hinting at a short-term pullback, but this follows a sequence of "Buy Volume Max" patterns earlier in the week, showcasing a potential accumulation phase. With resistance clustering at $0.1228 and $0.1294, traders should watch for a break above these levels, as this could ignite a rally fueled by a mix of technical and fundamental catalysts.
The question remains: Is the market ready for GMT to reclaim the bullish narrative? For traders and investors, the coming days may offer a defining moment. Are you prepared to ride the wave or step aside?
Roadmap: Tracking GMTUSDT's Patterns to Decode Market Moves
2025-01-19 02:00:00 – VSA Sell Pattern 2
This pattern set the stage with a Sell direction, identifying a potential breakdown below the high_3_bars level of 0.1286. However, the next pattern on 2025-01-19 07:00:00, a VSA Buy Pattern Extra 1st, flipped the narrative, signaling bullish action. This suggests the Sell Pattern 2 failed to activate its trigger point at the high level, indicating limited influence on the market.
2025-01-19 07:00:00 – VSA Buy Pattern Extra 1st
Marked as the turning point, this Buy direction triggered a rally from its low of 0.1195, creating a bullish sequence. Confirmation came with subsequent Buy Volume Max patterns, solidifying the shift in sentiment. Price momentum surged upward, aligning with the main direction of this pattern.
2025-01-20 00:00:00 – Sell Volumes Max
After bullish patterns dominated, this pattern forecasted a Sell direction. The price, previously testing highs near 0.1238, reversed and validated the Sell setup as the market retraced. This indicates a well-executed pivot, setting up traders for potential downside plays.
2025-01-21 16:00:00 – VSA Sell Pattern 4
A critical pattern, forecasting a Sell direction with low_3_bars at 0.099. This confirmed a broader bearish sentiment. As the price failed to reclaim the 0.1051 resistance level, the downward trajectory suggested the market respected the triggers outlined in this pattern.
2025-01-21 17:00:00 – VSA Buy Pattern 5
This pattern followed shortly after, signaling a potential reversal. The Buy direction saw a quick test of prior lows near 0.0979, rallying to challenge 0.1045, providing strong short-term recovery opportunities. This validated the market's responsiveness to consecutive directional shifts.
Conclusion :
The roadmap reveals GMTUSDT's intricate dance between buying and selling pressures, with several patterns confirming their predicted directions and delivering actionable opportunities for traders. Successful patterns like VSA Buy Pattern Extra 1st and Sell Volumes Max provided clear guidance, while occasional misfires remind traders of the importance of trigger points and market confirmation.
Technical & Price Action Analysis: Key Levels to Watch
Support Levels:
The first safety net for GMTUSDT sits at 0.0845, marking the absolute low from August 2024. If buyers fail to hold this line, expect increased pressure, and this level will likely flip into resistance.
Resistance Levels:
GMT faces a series of resistance hurdles ahead. The immediate test is at 0.1228, followed by 0.1294 and 0.1344. If bulls break through these zones, the next battleground lies at 0.1384 and 0.1472. Should these levels reject price action, expect them to act as a ceiling for any upside attempts.
Powerful Support Levels:
Long-term bulls will eye 0.2448, 0.4541, 0.7402, and 0.9678 as key zones for accumulating positions during any deeper corrections. These levels are fortress-like and pivotal for significant reversals.
Powerful Resistance Levels:
While immediate focus remains on nearer resistances, traders should keep in mind these untouched levels that loom higher in the structure. For now, however, the chart shows no specific "powerful resistance levels," emphasizing the importance of breaking closer hurdles.
Pro Tip: Always keep an eye on price action around these levels. If a support gives way, it’s game over for bulls, and the same zone will likely serve as resistance for the next rally attempt. Conversely, breaking through resistance opens the door for extended bullish momentum. Adapt your strategy accordingly—don’t marry a bias, and let the market tell you the story!
Trading Strategies: Fibonacci Rays and Dynamic Factors
Concept of Rays
The "Rays from the Beginning of Movement" method combines Fibonacci mathematical principles with geometric precision to create dynamic levels that adapt to the market's behavior. Rays, drawn from the inception of a trend or corrective move, define boundaries for movement channels and offer insights into price interactions. These interactions, coupled with dynamic factors such as moving averages, provide robust signals for entry and exit points.
Why Rays Work
Predicting exact price levels is impossible due to the financial market's complexity. Instead, rays identify zones of probable reactions, signaling either reversals or continuations. Traders observe price behavior near these zones and make decisions based on confluence with patterns and dynamic support or resistance levels, such as Moving Averages.
Optimistic Scenario
If GMTUSDT interacts positively with ascending rays and surpasses key resistance zones:
First Target: $0.1228 – A breakout above this level confirms bullish momentum.
Second Target: $0.1294 – Continued strength can push the price toward this resistance.
Third Target: $0.1344 – If momentum persists, the next ray interaction will target this zone.
Bonus Levels: $0.1384 and $0.1472 – These levels represent extended bullish objectives based on ray progression.
Pessimistic Scenario
If GMTUSDT interacts negatively with descending rays or fails to hold support levels:
First Target: $0.1038 (MA50) – A breach here indicates bearish continuation.
Second Target: $0.0845 – Testing the absolute low from August 2024 suggests a significant downward shift.
Third Target: $0.0678 – If momentum is bearish, price may interact with this deep support zone, reflecting a broader sell-off.
Dynamic Interaction with Moving Averages
Moving averages play a vital role in confirming ray signals:
MA50 ($0.1038): A close above or below validates the ray's directional bias.
MA100 ($0.1102): Acts as dynamic resistance during upward attempts.
MA200 ($0.1217): A critical barrier to long-term trends and corrections.
MA233 ($0.1227): A key decision point, aligning closely with significant ray levels.
Suggested Trades Based on Rays
Long from $0.1066 to $0.1228: After confirming interaction with ascending rays, target the first resistance zone.
Short from $0.1228 to $0.1038: If price rejects at the resistance ray, aim for MA50 as the initial support target.
Breakout Trade above $0.1228 to $0.1344: A clean breakout signals strong bullish momentum, allowing traders to target subsequent rays.
Reversal Play at $0.0845 to $0.1038: If the price rebounds near the absolute low, capitalize on the recovery toward MA50.
Aggressive Long from $0.1294 to $0.1384: For experienced traders, momentum above the ray at $0.1294 suggests a run to the next dynamic zone.
Call to Action: Let’s Trade Smarter Together!
Hey traders, I hope this analysis gives you a fresh perspective and valuable insights! If you have any questions or want to discuss specific levels, drop your thoughts in the comments—let’s keep the conversation flowing. I’m always happy to engage and share ideas.
If this post resonated with you, hit that Boost button and save it to your favorites. Come back later and see how price respects the rays and levels I’ve highlighted—it’s a great way to sharpen your trading edge. Remember, understanding the key points for entries and exits is the heart of successful trading!
For those curious about my strategy: the rays and levels you see here are generated automatically using my proprietary indicator. It’s a private tool, but if you’re interested, feel free to message me directly to discuss how you can access it.
Got an asset you’d like analyzed? Let me know in the comments or via message. Some requests I’ll happily do for free and share with the community, while private setups can be tailored just for you—discreet and exclusive.
These rays aren’t just for GMT—they work across all assets. If you’re looking for personalized charting and analysis, I’m here to help. Just share the asset you’re tracking, hit Boost, and I’ll add it to my list.
Finally, don’t forget to follow me here on TradingView—this is where I post all my updates and ideas. Let’s build a strong community of traders who learn and grow together. Thanks for your support, and may the charts be ever in your favor!
JUP/USDT: A Critical Crossroad - Is the Market Poised for a TurnThe Tides Are Shifting
As we step into 2025, JUP/USDT finds itself teetering on a fine edge. Trading at $0.8152, the pair has retraced by over 55.9% from its all-time high of $1.8496 reached in April 2024. Yet, the spotlight now turns to emerging bullish signals and a question looms: Are we witnessing a bottom or merely a pause before further declines?
The RSI (14) on the daily chart suggests oversold conditions at 32.68, signaling the potential for a rebound. Meanwhile, the MFI (60) at a low 29.68 reinforces this notion, reflecting dwindling sell-side pressure. However, the story becomes more intriguing when you factor in the interplay of patterns like the "Buy Volumes Takeover," hinting at a potential shift in momentum.
Yet, this is no time for complacency. With support levels lurking at $0.777 and $0.738, and resistance firmly set at $0.9017, the market faces a critical juncture. The breach of these barriers will likely define the trajectory for days to come.
What lies ahead? Will bulls seize control and drive a recovery, or does the market have further to fall? The answer could hold opportunities for both traders seeking short-term volatility and investors eyeing long-term gains.
Roadmap of JUP/USDT Patterns: Tracing the Moves
The Journey Begins: "Sell Volumes Max" (2025-01-20 17:00 UTC)
The pattern “Sell Volumes Max” kicked things off with a strong bearish vibe, closing at $0.912 after opening at $0.9657. True to its direction, subsequent patterns confirmed the continuation of selling pressure, with the next session plunging further into bearish territory. This was the moment where the bears took the reins.
A Glimpse of Hope: "VSA Buy Pattern Extra 2nd" (2025-01-20 17:00 UTC)
Enter the bullish contender. The “VSA Buy Pattern Extra 2nd” hinted at a recovery, but the subsequent “Sell Volumes Max” overpowered the buy signal, showing that bulls failed to secure dominance. This invalidated the potential reversal from the extra buy setup.
Reconfirmation of Bears: "Sell Volumes Max" (2025-01-21 04:00 UTC)
Another bearish signal appeared, and this time it delivered. Prices continued their southward journey, reinforcing the bearish momentum as the market respected the trigger points. The consistency here set the stage for further declines, proving this sell pattern’s reliability.
The Turnaround Begins: "VSA Buy Pattern Extra 1st" (2025-01-21 04:00 UTC)
Finally, the bulls struck back. This time, the pattern held its ground, with the market beginning to pivot upward in the following sessions. The trigger was validated, and the price began building upward momentum, signaling a potential long-term shift.
Bullish Revival: "VSA Manipulation Buy Pattern 4th" (2025-01-22 15:00 UTC)
The fourth iteration of the “VSA Manipulation Buy” emerged as the hero pattern. After a slow build-up, the market began respecting its bullish bias, breaking past the three-bar low triggers. Prices closed higher, confirming a significant turn in market sentiment.
Buy Dominance Confirmed: "Buy Volumes Take Over" (2025-01-22 16:00 UTC)
To seal the deal, the “Buy Volumes Take Over” reinforced the bullish sentiment, with prices moving decisively upward from this point. The sequence of bullish patterns successfully outperformed previous sell signals, marking this as a pivotal point in the trend’s evolution.
What’s Next?
Looking at the roadmap, we’ve seen a fascinating interplay between buyers and sellers. Patterns like “Sell Volumes Max” set the tone for a bearish leg, but it’s the precise recovery of buy patterns that brought balance back to the game.
Stay tuned, traders. The next chapter could redefine the market’s direction—are you ready to catch the wave?
Technical & Price Action Analysis: Key Levels on the Radar
Here’s the breakdown of the key zones that every trader should have pinned to their charts. These levels are where the action happens—either as bounce points or barriers. If the price fails to respect these zones, don’t sweat it; they’ll likely flip into resistance or support depending on the move.
Support Levels
0.777 – The first line of defense. If buyers can’t hold it, expect it to flip and act as a ceiling. 0.738 – A critical level for bulls to step in. If breached, it’s game over for a deeper dip.
Resistance Levels
0.9017 – The big hurdle. Bulls need to clear this to reclaim control. If not, it turns into a tough ceiling that could cap any rallies.
Powerful Support Levels
1.371 – The heavyweight champion of supports. If tested, it’s where we’d expect some serious buying pressure. But if it breaks, buckle up for some turbulence.
Powerful Resistance Levels
0.5783 – A fortress in the bears’ favor. Bulls breaking through here would signal a major shift in momentum.
The Golden Rule
Respect the levels, but stay nimble. If a support level cracks or a resistance gets shattered, flip your bias—these same levels will play for the other team as the market evolves. As always, let price action be your guide and keep it sharp!
Trading Strategies Using Rays: The Power of Fibonacci Dynamics
Concept of Rays
The "Rays from the Beginning of Movement" concept redefines precision trading. By leveraging Fibonacci mathematical and geometric principles, we construct rays that act as dynamic guides, predicting where the price might pivot or accelerate. These rays are drawn from the inception of a trend, not traditional extremum points, allowing traders to stay ahead of new trend phases or corrections.
Why It Works
Markets are complex, and predicting exact levels is often a fool’s errand. However, rays provide zones of high probability for price interaction. When paired with moving averages (MA50, MA100, etc.), these zones highlight key areas of potential reversals or continuations. Each ray and corresponding MA serve as stepping stones in the market, marking paths for price action.
Price interaction with rays, supported by Volume Spread Analysis (VSA), signals the ideal moment to enter trades—whether it's bouncing off a ray or breaking through it toward the next.
Optimistic Scenario
Price respects the Fibonacci ray levels and moving averages, triggering bullish momentum.
Entry: After price interacts with Support 0.777, supported by MA233 at 0.8756, and confirms upward movement. First Target: Resistance 0.9017 – Watch for a breakout or a pause. Second Target: Powerful Resistance 1.371 – Anticipate heightened activity at this zone.
Pessimistic Scenario
Bearish pressure dominates, breaking supports and interacting with descending rays.
Entry: After price breaks below Support 0.738, retests it, and interacts with descending rays, signaling continuation. First Target: Dynamic MA support near 0.675 – Aligns with descending ray zone. Second Target: Powerful Support 0.5783 – A likely point for consolidation or bounce.
Proposed Trades Based on Ray Interactions
Bullish Bounce from 0.777
This level, supported by ascending rays, presents a strong buying opportunity. Wait for confirmation through volume spikes or bullish candle patterns.
Breakout Trade Above 0.9017
If price interacts with ascending rays and MA50 before breaking this resistance, initiate a long trade targeting 1.371.
Bearish Breakdown Below 0.738
A clean break of this support, coupled with descending ray interaction, opens a short setup targeting 0.5783.
Dynamic MA Trade at 0.8756 (MA233)
If the price reverses near this level, supported by rays, it signals a strong continuation setup for trend followers.
Key Takeaways
Patience is Key: Always wait for price interaction with rays and MAs before entering.
Target the Rays: Movement from one ray to the next is often enough to secure solid profits.
Adaptability: Rays automatically adjust to new patterns, keeping you ahead in dynamic markets.
Trade smart, let the rays guide you, and ride the trends from zone to zone!
Let’s Stay Connected!
Hey there, fellow traders! If you’ve made it this far, it means you’re serious about improving your trading game, and I’m here to help. Have questions or thoughts about the analysis? Drop them in the comments below—I read and respond to everything, and your feedback is always appreciated. Let’s keep the conversation going!
Liked the roadmap? Don’t forget to hit Boost and save this idea to revisit later. Watching how price respects these rays and levels is crucial for sharpening your trading instincts. Remember: it’s not just about predictions—it’s about understanding key reaction points.
By the way, the rays and levels you see here? They’re automatically plotted by my private indicator-strategy. If you’re curious to use it, feel free to send me a private message to discuss access.
Need a custom analysis for your favorite asset? Let me know in the comments. I can create a detailed breakdown—either publicly for the community or privately if you prefer to keep your strategy under wraps. Whether it’s crypto, forex, or stocks, these rays work on all markets, and I’d be happy to personalize them for you.
Lastly, don’t forget to follow me here on TradingView to stay updated on all my latest ideas. Let’s build a community of smarter, more confident traders—starting with you. 🚀
LINK ANALYSIS 🚀#LINK Analysis :
🔮As we can see in the chart of #LINK that there is a formation of "Falling Wedge Pattern". In a daily timeframe #LINK broke out the pattern. Expecting a bullish move in few days if #LINK sustain above the major support area
⚡️What to do ?
👀Keep an eye on #LINK price action. We can trade according to the chart and make some profits⚡️⚡️
#LINK #Cryptocurrency #TechnicalAnalysis #DYOR
WLD/USDT Breakout Pattern: Sam Altman’s Stargate and AI ImpactAnalyzing the WLD/USDT 1-day candlestick chart on Binance, an overall downtrend is evident since early 2024, marked by a peak in early March followed by consistent declines, indicating significant selling pressure. A descending triangle pattern formed between late November 2024 and early January 2025, characterized by a horizontal support line around 1.843 and a series of lower highs. The price has broken out of this pattern, currently at 2.372, up 11.47% on the day of observation. A retest of the 1.843 support level is anticipated, with a potential rally towards the 10.613 mark if successful, suggesting a bullish outlook based on technical analysis.
Worldcoin (WLD) is a cryptocurrency project that aims to establish a global identity and financial network by utilizing "Orb" devices to scan users' irises, creating unique and verifiable identities. The WLD token serves governance and payment functions within the Worldcoin ecosystem. As a relatively new project, its value is subject to high volatility, a common characteristic among emerging crypto assets.
In related news, OpenAI CEO Sam Altman, also a co-founder of Worldcoin, has gained significant advantages through the Trump administration's Stargate AI infrastructure project. Announced on January 21, 2025, Stargate is a $500 billion initiative led by OpenAI, SoftBank, and Oracle, aiming to construct AI data centers across the United States. The project is expected to create over 100,000 American jobs and enhance the nation's AI capabilities. Altman emphasized that Stargate would enable the development of artificial general intelligence (AGI) within the U.S., marking it as a pivotal project of this era.
Disclaimer: This is not a financial advise. This analysis is purely for informational purposes and should not be considered as investment advice. Trading involves risk, and you should consult with a financial professional before making any decisions.
HYPE Intraday Highlights (Thesis Prediction)
Market Position:
Current Price: $25.57, up +9.8% from recent lows.
Resistance: $27.00 | Support: $25.00.
Trend: Bullish recovery, breaking previous resistance levels, with potential for continuation or consolidation.
Key Technical Indicators:
RSI: 56.44, neutral with room for further price action.
MACD (30-min): Positive crossover, indicating building bullish momentum.
Bollinger Bands: Price near the upper band, signaling potential short-term overbought conditions or continued bullish tests.
On-Chain Insights:
Trading Volume: Up +59.34% to $622.47M, signaling heightened market interest.
Funding Rate (Bitget): 0.0288%, slightly bullish, reflecting market optimism.
Open Interest: Increased by +10.23% to $581.85M, suggesting accumulation by large traders or institutions.
Market Sentiment:
Sentiment: Strongly positive, fueled by the "HYPE Frenzy" event in December 2024.
Long/Short Ratio: 1.0396, indicating more long positions, aligning with bullish sentiment.
Scenarios:
Bullish (60%): Continuation above $27.00, potentially reaching $28.00+, driven by FOMO and sustained buying pressure.
Bearish (30%): Profit-taking or sentiment shift could pull prices back to $25.00 or $24.00 if support fails.
Sideways (10%): Consolidation between $25.00–$27.00 if sentiment cools or traders lock in profits.
Note: Keep an eye on resistance at $27.00 for a breakout or rejection, and monitor funding rates and volume for signs of momentum shifts. Always apply disciplined risk management.
itcoin Intraday Highlights (Thesis Prediction)Market Position:
Current Price: $104,492.92, down -1.56% in the last 24 hours.
Resistance: $106,394 | Support: $103,700.
Trend: Short-term bearish but within consolidation as price stays inside Bollinger Bands.
Key Technical Indicators:
RSI (14): 45.38, approaching neutral, easing selling pressure.
MACD (30-min): Bearish signal, with histogram at -141.18.
Bollinger Bands: Price near the lower band, suggesting potential support or further downside.
On-Chain Insights:
Exchange Balances: Binance BTC holdings at 1.81M BTC, signaling reduced selling pressure.
Funding Rates (Binance): Neutral (0.00100%), indicating no strong directional bias.
Market Sentiment:
Fear & Greed Index: 84 (Extreme Greed) despite recent decline.
Trading Volume: Dropped -31.89% to $112.68B, signaling reduced activity or consolidation.
Scenarios:
Bullish (35%): Rebound from $103,700 support; test of $106,000+.
Bearish (50%): Break below $103,700; potential drop to $100,000.
Sideways (15%): Range-bound trading between $103,700–$106,394 until a catalyst appears.
Note: Watch for breakout or breakdown signals and manage risk due to Bitcoin's high volatility.
DOGEUSD preparing a rally to $1.60Dogecoin (DOGEUSD) is trading on its 1D MA50 (blue trend-line) as despite yesterday's attempted break-out, the pull-back brought the price down around this key trend-line again.
The key for buyers is now to turn this level into a Support and hold it, as this is what took place during the September - November 2024 rally. As you can see, once the price broke above the 1D MA50 and re-tested as Support, it sustained a 2-month rally, which reached the 3.0 Fibonacci extension from its bottom point (August 05 2024).
We can clearly see how similar the two fractals are, both started with a correction (red Rectangle) and then after the bottom, a Channel Down (also evident on their 1D RSI sequences) paved the way for the rally.
As a result, if DOGE tests the 1D MA50 again and holds it this time, we will have a confirmed buy signal to target $1.600 (Fibonacci 3.0 extension).
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👇 👇 👇 👇 👇 👇
Stoch RSI Big Inverse H&S On The Daily 4 XCN OnyxcoinIf that right shoulder forms we are going to break above the recent high. The price range we have been testing the last day was major resistance in the initial sell off. A lot of the higher prices have FAR less resistance than we are seeing here.
There was a smaller inverse head and shoulders before last weeks pump.
This one is much larger.
Speculation and risk are your friend if you treat them well.
Cheers.
$BONK: Hold or Fall? Potential 3x from Here!Decided to bid this area one more time on BINANCE:BONKUSDT :
The lows need to hold, or it’s an easy path down to 0.00002150 or lower.
It needs to break the current swing highs to at least flip the downtrend.
Just placing a bet here, expecting the following to happen. Will add significantly once the MSB occurs at the swing high.
It’s a good level, and I still believe CRYPTOCAP:SOL holds above 170. Don’t think twice, it’s simple.
