Alikze »» JOE | Ascending channel - 1W🔍 Technical analysis: Ascending channel - 1W
📣 BINANCE:JOEUSDT It is moving in an ascending channel on the weekly time frame.
🟢 Given the positive reactions and demand in the bottom area of the ascending channel, the upward movement can continue its growth to the supply area and, if supported in the middle area of the channel, the movement can continue to the ceiling of the ascending channel.
💎 Furthermore, with the failure of the first ascending channel, it can continue its growth to the extent of the first channel to the large supply area.
⚠️ In addition, if the ascending channel breaks and consolidates below it, the upward scenario is invalidated and must be re-examined and updated. ⚠️
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Cryptomarket
Bitcoin (BTC) Price Analysis :Time For Bitcoin LongCurrent Situation: As of January 5, 2025, Bitcoin’s price stands at $97,795.01 with a slight decrease of 0.01%.
The chart indicates that Bitcoin’s price is moving within a parallel price channel. The current price is near the lower boundary of this channel. The presence of a bullish three-line strike pattern suggests a potential price increase.
If Bitcoin’s price breaks above the lower boundary of the channel, it may rise towards the $105,000, $110,000, and $115,000 levels. Conversely, if the price falls below this boundary, it could drop to the $80,000, $75,000, and $70,000 levels.
Can this be it?BINANCE:BTCUSDT
BTC is in a broadening wedge.
which means it shall range in it for now!
Price has 2 positive bullish signals from MACD
1-a Bullish divergence
2-a bullish cross on MACD and Signal line!
this can be a great bullish point for Bitcoin
maybe next time we see Bitcoin at 114K!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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#SEI Ascending Triangle Breakout (High Risky Setup)#SEIUSDT is forming an ascending triangle pattern, a bullish continuation pattern. Enter long at the breakout above resistance, with a stop loss below the recent swing low. Set a take profit based on a favorable risk reward ratio. Monitor volume and practice proper risk management.
VIRTUAL IS BEARISH !!!!The price is in a wedge, and if it breaks the wedge, it can drop to the 0.618 Fibonacci line. Also, the bearish divergence in the RSI strengthens this signal.
Give me some energy !!
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Is Ethereum dying? A Dinosaur Struggling in a Fast-Changing Crypto Jungle
Ethereum, once hailed as the king of smart contract platforms and the backbone of decentralized finance (DeFi), now faces increasing criticism and challenges in the evolving blockchain landscape. While it remains a major player, its dominance is slipping as competitors like Solana, Polygon, and Sui innovate and capitalize on Ethereum’s technological shortcomings. Here’s why Ethereum may be losing ground and why it feels like a dinosaur in a world of agile predators.
1. Scalability issues: Ethereum’s Long-standing problem
Ethereum’s inability to scale efficiently has been one of its biggest weaknesses. Despite the long-awaited upgrade to Ethereum 2.0, which transitioned the network to proof-of-stake (PoS), the fundamental issues of scalability persist. Transaction speeds are still slow, and gas fees remain high during periods of high demand.
Comparison:
• Solana: Offers lightning-fast transaction speeds (up to 65,000 TPS) with near-zero fees, making it far more attractive for developers building decentralized apps (dApps) and DeFi platforms.
• Polygon: Enhances Ethereum’s scalability with its layer-2 solution, but its growing ecosystem is starting to attract developers directly to its network, bypassing Ethereum entirely.
• Sui: A next-generation blockchain using the Move programming language, offering unparalleled speed and scalability with instant finality—something Ethereum simply can’t match.
2. High costs: gas fees are choking users
Ethereum’s infamous gas fees remain a critical bottleneck. While improvements with layer-2 solutions like Arbitrum and Optimism have alleviated some of the pain, these are patchwork fixes rather than fundamental solutions.
Comparison:
• Solana and Sui: Practically negligible transaction fees make these blockchains far more appealing for users and developers.
• Polygon: Leveraging sidechains, Polygon allows for cheaper and faster transactions, directly addressing the fee problem.
3. Centralization Concerns
The move to proof-of-stake was intended to decentralize Ethereum further, but critics argue it has made the network more centralized. A significant portion of Ethereum’s staking power lies with a few large validators, raising concerns about governance and security.
For sure, Ethereum is far from dead—it still holds a massive share of the DeFi and NFT markets. However, it must address its technological development to keep up.
Therefore, technological analysis makes zero sense to me in terms of ETH’s growth. How can we be sure of its growth when there are obvious reasons against it? Why should the price rise if there are no clear advantages?
What’s your take?
Tezos (XTZ)🚀 Comprehensive Analysis of Tezos (XTZ/USDT)
🌟 Introduction to Tezos (XTZ):
Tezos is a next-generation blockchain platform focusing on smart contracts and decentralized governance.
What makes Tezos stand out is its ability to upgrade its blockchain without requiring a hard fork, making it highly appealing to developers and investors alike.
📌 Key Use Cases of Tezos:
1️⃣ Smart Contracts: Similar to Ethereum but with lower fees and enhanced security.
2️⃣ NFTs and DeFi: A preferred platform for NFT artists and decentralized finance projects.
3️⃣ High Scalability: Employs Proof of Stake (PoS) for energy efficiency and faster transactions.
✨ Thanks to its technical features and advanced governance, Tezos has become a favorite for long-term investors.
📊 Technical Analysis:
🔹 Price Pattern:
Currently, XTZ is trading within an Expanding Triangle on the weekly timeframe.
After testing the upper resistance line of the triangle, the price has entered a short-term correction and reached a weekly support zone (gray zone: $1.118 - $1.246).
💡 Key Characteristics of the Pattern:
In expanding triangles, a breakout in either direction often leads to significant price movements.
If buyers weaken, the price could fall further to the triangle’s lower boundary and the yellow support zone ($0.574 - $0.646).
📈 Bullish Scenario:
If XTZ manages to:
1️⃣ Break through the red resistance zone ($1.767 - $1.989) with strong momentum and volume, and
2️⃣ Penetrate above the triangle,
We can expect a move toward the following Fibonacci targets:
1.618: $2.426 - $2.920
2.272: $3.967 - $4.654
2.618: $5.782 - $6.486
📌 Confirmation Signals for an Uptrend:
Increasing volume during the breakout.
RSI entering the overbought zone, indicating strong upward momentum.
📉 Bearish Scenario:
If the gray support zone fails to hold:
The price may drop to the lower boundary of the triangle and the yellow support zone ($0.574 - $0.646).
This area could serve as a potential entry point for strong buyers.
🔑 Key Notes for Traders:
Pay close attention to price action around critical levels like the red resistance zone and the triangle boundaries.
📌 Decision Points:
1️⃣ Red Zone ($1.767 - $1.989): A breakout here confirms an upward move.
2️⃣ Yellow Zone ($0.574 - $0.646): Buyer reactions in this zone will reveal their strength.
Risk Management and emotional control are crucial to avoid impulsive entries.
🎯 Conclusion:
XTZ is at a critical technical juncture. The breakout from the triangle or key levels will determine its next direction.
Potential Scenarios:
🔺 A breakout above the red zone could lead to Fibonacci targets.
🔻 A breakdown to the yellow support zone may attract strong buyers.
Hurry Up & Wait! ● Is XRP ready to break out?It was a nice ride for those involved from the most recent lows printed on 30-31 December, however price still needs to break out of this channel if it is to get that massive next leg higher.
Until then we are still waiting for the breakout.
No need to rush we are here for the long run.
Virtual protocol - wait for a re-entry
Daily RSI had been forming clear negative divergence since 30th Nov. The price broke the previous month high and daily candles formed the bearish engulfing pattern after. In the scenario like this, I usually close a trade or take a partial profit. However, Virtual is one of the most sought after infrastructure AI tokens, therefore, I need to take fundamentals into consideration. I am anticipating the price will resume another leg up, although it might go through some correction or sideway moves first. Instead of taking a short position, I am looking for a re-entry position. As of today, the price has dropped to the previous month high at $4.0 and the price is holding above that level. In the 4H chart, MACD and RSI are moving downwards but still remain in the bull zone. Stochastic (9,3,3) on the other hand has already reached oversold territory and entered into the bull zone.
I will update the analysis on this chart in a day or two. But I think a good entry for long will eventually appear. I definitely won't go short for a strong asset like this, not matter how aggressively pulling down.
DOT - USDT UPDATE on 4th January 2025... Gradually progressing..Slowly but steadily rising...
If you're already in the trade, congratulations! If not, exercise caution and avoid hurrying...
Sometimes, it's wiser to seek other opportunities rather than settling for a "halfway" trade...
Take your time... You have the entire year to trade! ;)
PS: printer-friendly "KISS" chart... and by the way, leverage of *10 on Binance is recommended...
LiteCoin: $LTC - Set to Rocket - Are You Ready? 96% UpsideCHARTURDAY - CRYPTOCAP:LTC COINBASE:LTCUSD
Litecoin is right where their supposed to be!
-H5 is red (Barely, only one thing is negative under the hood)
-Williams CB is thriving
-Falling wedge breakout-retest-higher!
-Volume shelf with GAP
-Crypto seems to be back up-trending
🎯$135🎯$193
Not financial advice
IOTA ANALYSIS🌸#IOTA Analysis : Bullish Trend 🚀🚀
🚀As we can see that there is a formation of Flag & Pole Pattern in #IOTA in 8 hr time frame. Right now #IOTA is trading above it's crucial support zone and we can see a bounce back from its support zone 💪
🔖 Current Price: $0.3569
⏳ Target Price: $0.4330
⁉️ What to do?
- We can trade according to the #IOTA chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#IOTA #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
Doubling Down on Gaming: $DUEL Set to Soar ATHsDecided to increase exposure in the gaming sector. Already holding $NAKA and INDEX:GALA , now adding BYBIT:DUELUSDT to the mix. I'm also eyeing BINANCE:VANRYUSDT , but for now, these three will be my focus.
I entered BYBIT:DUELUSDT at 0.005, aiming for an exit near the previous high—roughly a 5x from here. Looking forward to seeing where these plays take me in Q1!
SPX6900: A Bull Run StoryThings have gotten wild with SPX6900! Since we last checked in, the price has absolutely exploded. It's been a thrilling ride, and our WiseOwl strategy has been paying off handsomely. We've already locked in a cool 70% gain, thanks to the initial buy signal and a well-placed trailing stop to protect our profits.
The story behind SPX6900 is pretty compelling, and it seems to be resonating with the community. If you're in it for the long haul, this could be a really interesting project to hold onto. The community is buzzing, with over 60k followers on X and some big names in crypto lending their support.
Of course, we can't get carried away. The crypto world is a rollercoaster, and things can change in a heartbeat. But for now, the momentum is strong, and SPX6900 is definitely one to watch. If this keeps up, we could be looking at some serious gains in the coming year.
But remember: This is crypto we're talking about. Do your own research, understand the risks, and never invest more than you can afford to lose.
Let me know what you think!
Movement #MOVE Price / Crypto / Technical Analysis StudyThe transparency in the graphics in this image is quite clear, I am sharing the example for educational purposes, I have been trading in these farms many times. You can make it a classic, the red horizontal line is a strong resistance area that has been tried many times, it is the first area that must be crossed in order to say that the price is rising. The green horizontal line is the current movement support of the price and its closing below the level reduces the price to the test of the yellow line, the main important demand area, and when it cannot find sufficient demand in the yellow line, the price continues its downward movement for exploration and the price tags in the round circle become the minimum target areas.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 3, 2025Technical Analysis and Outlook:
As specified in the Bitcoin Daily Chart Analysis for December 27, an extraordinary rebound bull movement occurred from the Mean Support of 91800. Current analysis suggests a high likelihood that the cryptocurrency will continue to advance, potentially testing the Mean Resistance level of 99500 and aiming for a retest of the completed Inner Coin Rally marked at 108000. Nevertheless, it is crucial to recognize the possibility of a pullback to retest the Mean Support level of 91800 again before any resurgence in the bull market.
Bitcoin: time to short!Over the past several days, we’ve seen a rise of more than 6%, which has coincided with a rally in the stock market. Bitcoin is now trading above all moving averages and near the upper Bollinger Bands line — not the most promising signal for further upside. Additionally, we observe that volumes are calming down after the recent spike.
As we move into the start of the year, there may still be significant challenges ahead that have yet to materialize.
Moreover, there is a resistance zone, along with a key Fibonacci level, in the 98-100k range, making it difficult to break above this level.
This suggests that a short-term short position might be a good option. However, it remains fundamentally risky, as the prevailing sentiment still favors buying and holding.
Your sincerely,
Mister iM
ADA on high time frame
"Regarding ADA on the high timeframe, in line with my recent analysis, the price is advancing towards higher levels. If you decide to join me in buying for holding or trading, now presents a favorable opportunity to increase your volume near $1. Please ensure to prioritize risk management in your decisions."
Ethereum: 120% Upside Potential from here!CRYPTOCAP:ETH NASDAQ:ETHA
You thought crypto was dead?! Not by a long shot friends!
- Bull Flag retest then Higher low
- Breakout of Cup&Handle coming soon
- Williams CB thriving
- H5 Indicator is GREEN
- Launching off Volume Shelf into ATH's
Measured Move: $6800!🎯
Not financial advice