Altcoin Season Watch with Bitcoin DominanceWe're closely observing the current Fibonacci resistance level for BTC.D. The significance of holding at 55.25% could signal the inception of a potential altcoin season.
Exciting times might be ahead!
Cryptopamm
If you think the AltSeason is Over, think again...Now things with the Bitcoin Dominance can really get exciting!
This is because what we might be witnessing a potential completion of a 455-day-long ABC corrective pattern. Building on our earlier analysis of BTCD, we highlighted a clean bounce off the 641.4% Fibonacci resistance.
Is this the apex for Bitcoin?Today's substantial green candle on the daily chart may evoke enthusiasm, but the inevitable correction looms on the horizon. This correction, in all likelihood, could prove to be a challenging ordeal, potentially transforming into a market bloodbath for high-leverage traders.
Drawing attention to the charts, there's a discernible signal—a potential rejection at the 1041.4% Fibonacci resistance level. Vigilance is paramount at this particular moment, as long as Bitcoin remains beneath this threshold, the specter of a massive pullback remains high.
Now is the time to prioritize caution, even amidst the undeniable buying pressure. The market's volatility threatens to spiral out of control, posing risks for both bulls and bears leveraged beyond x5. A prudent approach is crucial, and for real-time updates on this evolving situation, join our channel. Stay informed, stay vigilant, and navigate the uncertainties with care.
TRACUSDT 300% Surge, Bull Flag Revelations, and a $1.24 ClimaxOriginTrail has been turning heads since October 2023, putting on a performance that even the most seasoned traders can't ignore. TRACUSDT has been of of the starts of the show, boasting a jaw-dropping 300% growth! But, traders, the plot thickens as we enter the realm of a strong correction—a market drama that's still unfolding as we speak.
Now, let's talk plot twists. Recent price action has us buzzing with excitement—breaking through the $0.46 resistance and unfurling the bull flag pattern. The verdict? A resounding thumbs up for a strongly bullish trend. Cue the drumroll, please.
In the midst of this crypto spectacle, a golden opportunity emerges. The current pullback could be the perfect entry point for the bullish heroes among us. Right now, we could be at the the risk-reward sweet spot, with our sights set on an epic final upside target at $1.24.
If and when TRAC achieves this feat, get ready for the grand finale—an awe-inspiring 122% growth in the upcoming month or two. The stage is set, the actors are in place, and OriginTrail is ready to steal the spotlight once again. Stay ready traders, because this crypto thriller is about to reach its climax!
The $63k Challenge for BitcoinBitcoin has recently encountered a minor hurdle, finding itself at the 441.4% Fibonacci retracement level—a point of resistance worth noting. What captures our attention, and is of significance, is the observable clean bounce currently materializing off this level. This occurrence prompts a shift in probability, hinting at the potential for a pullback in the near term.
It's crucial to maintain perspective amidst this market activity. Despite the short-term dynamics, the long-term trend for Bitcoin continues to display robust bullish characteristics. There lies a high likelihood that Bitcoin will aim for the $63k resistance level before any substantial downward movements unfold. This resilient uptrend emphasizes the need for a comprehensive view, recognizing both short-term fluctuations and the overarching bullish trajectory in the broader market.
FRONTUSDT Incoming RallyThe price is displaying a robust bullish pattern, transitioning from a descending channel to an ascending one. Further confirming the uptrend, previous supply zones are now functioning as demand areas. Anticipate a swift upward surge in a shorter timeframe.
FILUSDT Rally Ahead?Right now FIL is bouncing off the 161.8% Fibonacci support.
If that support holds, the rally is inevitable! Be ready!!!
OGNUSDT 114% Surge ForecastGet ready to witness some fireworks because OGNUSDT is on the brink of a major breakthrough according to our analysis. This coin isn't just a blip on the radar—it's riding a long-term uptrend, paying its respects to that trendline like a loyal follower.
But hold onto your excitement! We're forecasting an ascent of about 114% from the present price, aiming to test the waters at the formidable double Fibonacci resistance sitting snugly at $0.34. That's not just any resistance level; it's like the final boss in a video game—challenging, but oh-so-rewarding if conquered.
This journey promises excitement, anticipation, and the potential for a jaw-dropping ascent.
RNDR Navigating Virtual Reality Boom with 360% Upside PotentialToday, our focus is on RNDR coin, a potential powerhouse in the long-term landscape. Given the rapid advancements in Virtual Reality technology and the expanding marketplace, RNDR stands poised to play a pivotal role, potentially leading to a meteoric rise in its value over the years. While the long-term outlook is promising, let's delve into the potential price perspectives for the next 3-6 months.
To kick things off, RNDR has solidified a robust uptrend, with each preceding supply area seamlessly transitioning into a demand zone. Notably, RNDRUSDT recently breached the resistance uptrend trendline, signaling an intensified bullish pressure. For the upcoming months, our attention turns to three key resistance levels determined by the Fibonacci retracement indicator.
The initial hurdle, the 361.8% Fibonacci level, could catapult RNDR by an impressive 140%.
The second, more significant challenge lies at the 561.8% Fibonacci level, promising an enormous 250% growth.
The pinnacle of this bullish cycle rests at the 761.8% Fibonacci level, translating to an astounding 360% surge from the latest demand zone.
In summary, RNDR's future appears exceptionally optimistic, and we remain vigilant, closely monitoring this coin's trajectory.
LTCBTC Potential ReversalLitecoin has maintained a persistent downward trend against Bitcoin, but today's observation brings a potential turning point into focus. A discernible rebound has occurred, precisely off the 441.4% Fibonacci support level, hinting at the potential conclusion of the decline.
To solidify this potential reversal, it's imperative to monitor the daily close, ensuring it remains above the 0.001341 support. Should this condition be met, LTCBTC could be preparing for an upward surge toward the 61.8% Fibonacci resistance. Notably, this level aligns with a previously established supply/demand zone, adding an extra layer of significance to the potential reversal scenario.
BTNUSDT Bullish ConfirmationBTNUSDT appears to be unveiling an ideal buying opportunity following a bullish breakout. Notably, the repeated respect for a key demand zone laid the foundation for the subsequent bullish momentum. The breakthrough above the downtrend trendline served as a second confirmation of the bullish sentiment, reinforcing the likelihood of BTN continuing its northward trajectory.
The present pullback is unveiling an enticing risk/reward trade setup, presenting traders with a compelling proposition. With the potential for a substantial 122% upside, the current market conditions suggest a promising scenario for those considering entry into BTNUSDT.
SSVUSDT 200% in 2 monthsObserving the market over a two-year span reveals a compelling metamorphosis from supply to demand zones, reflecting a captivating evolution in SSVUSDT dynamics. The consistent respect for the demand zone serves as a testament to the robustness of the trend, showcasing an overall acceleration in the SSVUSDT uptrend.
Anticipating the future trajectory, my outlook is bullish, envisioning a robust 200% rally for SSV over the next two months. This upward surge is projected to propel the price toward a significant double Fibonacci resistance, marking a potential culmination of this impressive upward momentum.
Analyzing Bitcoin Dominance (BTC.D) & the Altcoin Rally ForecastThe Bitcoin Dominance chart reveals a bearish divergence on the 3-Day chart, a signal we previously highlighted in our analysis. Since then, BTC.D has engaged in a range-trading dance, marked by the emergence of a Lower Highs and Lower Lows pattern. The plot thickens as BTC.D approaches the downtrend trendline, poised to act as formidable resistance.
Should this trendline hold its ground, especially if the daily close remains below, we anticipate a substantial drop in Bitcoin Dominance. Our eyes are keenly fixed on the key support area ranging between 44-45%, a critical zone aligning with the 61.8% Fibonacci retracement level. Yet, in case of the decline, first we must not overlook the significance of the 49% demand zone.
The broader picture paints a compelling narrative—we stand at the precipice of a potential altcoin rally. The unfolding scenario hints at the very beginning of a transformative phase, with the possibility of many coins doubling in price.
If I were to trade Bitcoin Dominance (BTCDOM), I would sell now.Bitcoin Dominance (BTCDOM) has formed a distinctive double top at 2380, a key level marked by a bearish divergence observed in the MACD oscillator. While a strong support zone has emerged around the psychological level of 2000, a critical shift could be underway.
It's important to note that BTCDOM has breached below the 50 Moving Average on a 3-Day chart, signaling a departure from its recent trend. The convergence of a bearish MACD divergence and the breach below the Exponential Moving Average (EMA) paints a picture of potential weakness in the BTC dominance dynamics.
The emphasis on this potential weakness raises a flag, presenting a reasonable selling opportunity. This decision is bolstered by the recognition of a solid risk-to-reward ratio, underlining the strategic nature of the suggested trade. Traders, take note – the current technical signals suggest that now might be the opportune moment to act on a bearish outlook for Bitcoin Dominance.
XEMUSDT Potential 25% to 100% UpswiningXEMUSDT has showcased a commendable adherence to the support area, followed by a robust bounce off the average-price uptrend trendline. A buy signal shared in our channel about a week ago has already yielded profitable results, with an imminent upside potential.
While our initial upside target is within reach, the price surge over the upcoming weeks could be substantial, ranging anywhere between 25% to 100%. It's advisable to closely monitor this opportunity as it unfolds.
LINKUSDT Fortifying Demand ZoneChainLink has once again proven its mettle by successfully defending the demand zone for the fourth consecutive time. This defense is a testament to the substantial demand for LINKUSDT that refuses to waver.
Adding to the impressive show of strength, a simple uptrend trendline stepped into the spotlight, showcasing a bounce that echoes the resounding demand for ChainLink. The story here is clear: there's a substantial appetite for LINKUSDT, and the market is signaling a strong vote of confidence.
So, what's on the horizon? Be prepared for a continuation of the upside move, a path that seems almost inevitable given the current scenario. The nearest resistance is at 161.8% Fibonacci retracement level. The stage is set for a grand performance, and we anticipate this level to be tested in the coming weeks.
OGNBTC Critical Bounce off Fibonacci and TrendlineToday's analysis centers around a critical question: Is this the bottom for OGNBTC we've been eagerly awaiting?
The charts tell a compelling tale as OGNBTC is currently stress-testing the 127.2% Fibonacci support, showcasing a clear bounce off this level.
Yesterday's resilience demonstrated a bounce off the simple uptrend trendline, with OGNBTC managing to avoid a daily close below the trendline. However, today brings a twist as the price briefly dipped below, only to find stability thanks to the steadfast support of the 127.2% Fibonacci level.
Should this support continue to command respect, a high-probability scenario unfolds—the potential bottoming out of OGNBTC. Envisage a future where we anticipate a nearly 50% surge in OGN price over BTC, marking a significant turnaround in the crypto narrative.
MINAUSDT Finale: The 5th Wave and the 100% Growth PotentialEmbarking on an Elliott Wave journey, MINAUSDT stands on the brink of concluding a major uptrend, gracefully navigating through the final crescendo of the 5th wave. A pivotal moment unfolds as MINA finds a sturdy support at the 61.8% Fibonacci retracement level, offering a crucial foundation for further ascent. The key lies in the daily closing price, remaining above this level, ensuring a continuation of the compelling price increase.
In this strategic analysis, MINAUSDT reveals its uptrend climax, with the nearest upside target set at $1.89—a mark that aligns seamlessly with the double Fibonacci resistance level. As we decode the wave dynamics, it becomes evident that the $1.89 threshold is not just a number but a strategic milestone signaling a grand finale.
STORJUSDT Pursuit of a 136% SurgeSTORJ has been a fascinating case study since September 2022. The lingering battle below the psychologically significant $0.5 level lasted a whopping 400 days, creating a formidable supply zone. However, the tide turned in November 2023, witnessing a breakthrough marked not only by a breach but, significantly, under the weight of intense buying pressure.
The subsequent solid price surge propelled STORJUSDT to new heights, only to gracefully correct and find support near the once-elusive $0.5 mark. What was a supply zone has now metamorphosed into a demand area, accentuated by a bounce off the simple uptrend trendline, effectively validating the prevailing uptrend.
With confidence, we can assert a high probability that STORJ is likely to continue moving north. A noteworthy expectation is the formation of a double top near the $1.2 resistance zone, aligning harmoniously with the 38.2% Fibonacci retracement levels. When/if this milestone is reached, investors and bullish traders stand to reap the rewards—a substantial 136% gain.
STORJ/USDT resilience and strategic positioning offer a compelling narrative, making the $1.2 resistance zone a focal point of potential profit in the journey ahead.
Acala Token (ACAUSDT) 75% Rally ForecastAcala Token (ACA) has swiftly risen to the top of our favorites list, and for good reason—its price action is nothing short of extremely bullish. The end of 2023 marked a significant turning point for ACAUSDT as it boldly broke free from a descending channel, setting the stage for an impressive journey.
Following the breakout, a substantial and extended pullback unfolded, only to be halted by the steadfast support of a simple uptrend trendline. This trendline also found solidarity with the top of the descending channel, which his a crucial intersection that showcased ACA's resilience.
Direct your attention to the supply/demand zone hovering near $0.09. Today, ACA is breaking above this zone, signaling a potential transformation into a demand area once more.
In the grand scheme of things, the stars are aligning for Acala, and we're anticipating a 75% price increase in the next month or two.
Tezos (XTZUSDT) Emerges as a Cold Crypto Wallet ContenderThe world of Cold Crypto Wallets is abuzz with excitement, and the spotlight is now on Tezos (XTZUSDT). Following the footsteps of SafePal's promising potential, Tezos takes center stage with a super bullish price action that demands attention.
Zooming into the specifics, let's delve into XTZ's long-term chart, where a fascinating transformation unfolds. The supply zone undergoes a metamorphosis, seamlessly transitioning into a demand area near the psychological milestone of $1. Tezos price pays its respects to this demand area in recent weeks, all while gracefully maneuvering within the confines of an ascending channel.
Over the next month or two, anticipation builds as XTZUSDT sets its sights on the $1.33 supply area—a pivotal destination aligned with the 161.8% Fibonacci retracement level. Therefore, we can expect a potential 40% price surge, a significant feat considering the sluggish altcoin market we've witnessed in recent months.
ADAUSDT Close Examination of Precise Fibonacci Support BounceYesterday ADAUSDT price found a steadfast support at $0.4925, offering a front-row seat to a precise bounce off the 261.8% Fibonacci level. However, the plot thickened as the price briefly broke lower, only to stage a recovery and resume trading above the crucial support level.
The unfolding narrative places a spotlight on today's daily closing price—a pivotal moment that could shape Cardano's trajectory. If today's closing price holds above the current support, we may be on the brink of witnessing a substantial rally.
This isn't just about numbers; it's a tale of Cardano's ability to weather storms, find support in unexpected places, and defy downward pressures. The next chapters hinge on the closing price today, as Cardano enthusiasts eagerly anticipate a resurgence. Stay tuned, as the daily chart holds the key to unveiling ADAUSDT's next move in this gripping market saga.
OGNUSDT Elliott Wave CountRight now, OGNUSDT has completed the ABC corrective pattern based on the Elliott Wave theory. We strongly expect a continuation of an emerging uptrend, specifically there should be the next and strongest wave-3 to the upside. We have already shared OGNUSDT in our channel for a major uptrend.
