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Decentraland a.k.a. MANAUSD May Have Formed A Bullish SetupDecentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave "iv" and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 towards 1.0 area for wave C or maybe even higher for wave 3. We can actually already see it breaking above channel resistance line, but to confirm that wave C or 3 is in play, we need to see a recovery back above 0.55 region.
BINANCE:MANAUSDLong
by ew-forecast
BTCUSD - 4HRSimple trading - WE WAIT! Patient pays!! Possible head and shoulders pattern is starting to form on the charts. be patient as this pattern is not confirmed. BTCUSD is still currently in a bullish run breaking out of the daily Inverted head and shoulder pattern. Active target is still 74k We can take advantage of short-term price action like this 4hr head and shoulders. Watch to see if the price creates a lower-low, and look to sell. We need a strong bearish candle to close below the price area of 67,500. Price predictions: Sell at 70800 Sell at 69600 These are just my thoughts, not financial advice.
COINBASE:BTCUSDShort
by nikdobii
Solana at a Pivotal AreaWith respect to Solana I'll say two things. First, and probably in jest, I had no idea Venezuela was important to crypto mining. lol. (reference to the news why crypto rallied yesterday). Second, I am still awaiting signs that price has the intention to follow the purple alternative path. The attached Daily chart shows there is a full count to the upside complete with alternating 2's and 4's. Granted this does not preclude price from subdividing in a manner that extends the previous trend, but in those cases, we should see clear evidence of such. As of this morning, CLEAR, would not be a word I would use to describe the current pattern. C-wave is, however the label I would so far characterise as this current pattern. However, if price can rally into the $194 area, and hold the $179 area on any retrace, and then rally for OMH towards the recent highs I can become open to price moving higher. In lieu of that sort of price action playing out I await clues that price is completing it's minor B wave.
BINANCE:SOLUSD
by maikisch
3
Crypto Market Is Back In UptrendWe have been talking a lot about a corrective price action in the Crypto market for the last couple of weeks. We also shared a lot of free charts, articles and even video analysis, where we mentioned and highlighted a higher degree wave 4 correction within an ongoing five-wave bullish cycle. As you can see today, Crypto market is nicely extending higher as expected, but mostly due to Bitcoin and Ethereum as Ethereum is leading a rally in digital assets because of greater odds of ETH ETF approval. However, now that both of them have space for more gains, even some ALTcoins may follow soon, as Crypto total market cap chart can be now unfolding a new five-wave bullish cycle within higher degree wave (5).
CRYPTOCAP:TOTALLong
by ew-forecast
Bitcoin Rebounds To 65K As Correction May Be OverBitcoin rebounds strongly to 65k area, which can be signal that correction may be over from technical perspective and by Elliott wave theory. We have been talking a lot about a corrective decline in the Crypto market in the past weeks. We also talked about Bitcoin ahead of the halving and we also shared a free chart back on April 15th, where we mentioned and highlighted a higher degree wave 4 correction within ongoing bullish cycle. As you can see today, after a slightly deeper corrective decline, Bitcoin is bouncing strongly which indicates that wave 4 correction may be over at the ideal 38,2% Fibo. retracement near 56k support. So, be aware of a bullish continuation within wave 5 of III that can send the price back to all-time highs towards 75k-80k area, just watch out on short-term pullbacks.
BITSTAMP:BTCUSDLong
by ew-forecast
BTCUSD Massive FAKEOUT incomingUpdate: BULLISH: BTC has hit the monthly and weekly resistance zones. I have taken all profits off the table. ***BTCUSD slated inverted head and shoulders is still currently active. TARGET: 74k BEARISH: Bitcoin could go up in value, but many obstacles might prevent it from reaching or staying above $72,000. These include strict government rules,(U.S. DO NOT LIKE BITCOIN) people's changing feelings,(WHALES) technical issues, competition from other digital currencies, environmental concerns, and the fact that it’s not widely used or easy to use. Always research and understand the risks before investing in Bitcoin. More BEARISH: Bitcoin isn't ready. Do NOT panic and buy for another ATH. Bitcoin isn't ready to crash the markets. The USD will hold. Wait for the price to go back into consolidation before making any more trading decisions. Bitcoin is reacting to the previous week's news... PPI data. Bitcoin just rose $5.1k in a day and still can not manage a higher high on the macro level. Don't believe in the hype... The parabolic phase is not yet ready. Take profits and pay attention to the upcoming news on Weds and Thrus—lots of meetings to discuss how they will neglect the price in Bitcoin. These are just my thoughts, not financial advice.
COINBASE:BTCUSD
by nikdobii
Ethereum Crack"Aliens, an advanced species that have seen hundreds of stars and a few black holes throughout their lifetime, have made contact with humans sending encrypted data. They are masters in the study of the elastic property of TIME throughout the Universe (relative to Gravity), and they are trying to send a message to prove us all, not that time is a construct in the fabric of the Universe, but that they in fact exist, and they are indeed... Intelligence." Trying to crack the code in this splash of wonder I must emphasize that the most relevant element in the whole data set, might be the Blue Curve. For any bulls, I believe this is an important function to cross over, and even though after crossing over the price might still slide lower along it, for lower lows, there is also another prospect of a push towards Level 1 which, again, for the bulls, could be quite important if reached, as it can sustain heavy resistance on the price, of such magnitude that the market can weaken to the point of sliding towards level 2. Potential Support zone. 3 and 4 are intermediary, but not to be ignored as they can provide relevant price action several times if the estimations are correct. The 2 small curves purple and green are also potential support/resistance functions, while the rectangles in this case can act more like milestones as it is possible that the price might want to avoid them up and down like in an obstacle course. If not successful in such journey attempt, they too might become support and resistance areas. Again for the bulls, watch out for the blue curve, and if broken, maybe better to wait for signs of an impulse (low_) correction (higher low_) and a potential push for a higher high. For the bears, this design doesn't predict any bold aggressive downturns, maybe just a balanced descent between the blue and the big purple. Watch out for the price action and the relevant events at the elements if you want to Crack the code, if there even is one...
COINBASE:ETHUSD
by nen
5
Solana Trance DanceWe start the analysis of the potential futures with the white curve. This curve will eventually be bypassed and my first assessment is that it could be broken before the price MIGHT reach the triangle. After the bypass, significant support needs to be encountered in order for a bullish scenario to be validated or at least taken into consideration. For potential support zones we have most of the the elements in the snapshot, and going through them we have the following: The purple curve. For the price to completely stay above the purple it needs a more robust bullish push and sentiment/mood, but even if it becomes resistance when/if broken down, we have price level 2, the green marked level of 139, and again, the big triangle. Looking for potential rebounds at any of these levels to consider the whole concept of the project as a candidate for success. (even if it is a break and a retest of any of these) On the up, we have the 1 price level which could act as resistance, potentially triggering a correction towards 2, or other elements where it would be ideal to find support: green rectangle, purple curve, or even level 3, and last but not least -> the triangle. Also on the up if the purple rectangle acts like a zone of influence for resistance or consolidation, hopefully these forces might disappear and let the price slide up as the rectangle ends. For the last note, it is wise to be more flexible, not get caught up on a specific scenario, and just watch the market and the price action and look for signs of what could happen in a different tune than what we hope. With that being said, ALL ELEMENTS in the project can or could act as support AND resistance, meaning that if a bullish scenario doesn't hold ground, any of these shapes could provide a turning point and reversal or change in tune. Hopefully the overall design of it will prove relevant, and the price will act in certain ways near these objects, making it easier to navigate on the Solana River into the future wherever it may take us, on the path of least resistance, similar to a Trance Dance. Party like it's 1999. But where? Bermuda? Havana? Turkey? or Shamballah? I hear the Moon is freezing cold but some might want to go there anyway. :)
COINBASE:SOLUSD
by nen
2
BTC - short-term, medium-term, and long-term trading planHello, traders and investors! This is Shark, and today we'll discuss trading plans for the BTC asset. This trading idea includes long-term, medium-term, and short-term trading plans. Long-term plan (pink): On the global chart, an ascending channel has formed with a 1000% step. The maximum from December 1, 2019, reached at 19666, formed support in November 2022. The asset's price is currently near the global maximum at 69000. Pay attention to the duration of previous ascending cycles: the first cycle in 2017 lasted 184 days, and the next one - 365 days in 2020. It can be assumed that the current cycle will last two or three times longer, meaning a minimum of 800 days. Medium-term plan (blue): Local levels are taken from the weekly timeframe - correction channel levels! The maximum of the current upward trend is 71754. The constant technical value of ATR (average true range indicator) is about 49%. After the price passes this ATR, flats and sideways movements are observed! The medium-term possible scenario is a price decline to 52884 and further growth to global highs around 183000 per bitcoin. Short-term plan (yellow): On the daily chart, local channels with a 49% step are visible. The price movement's ATR is within 22% - daily movement stop levels split local channels in half. It's important to note the ascending trend line drawn from the September 23 minimum - as long as the asset price remains above it, an aggressively ascending trend is maintained. A second trend line with higher amplitude is drawn, the price has repeatedly confirmed this trend and is currently near it. If the level of 60760 holds as support, a 22% rise to the global maximum of 73000 is expected, confirming the continuation of the upward trend. If the level of 60760 is breached in the coming days, the path to values of 52884 will open. If you liked the overview and want more similar content - hit like! Share your opinion on this asset in the comments below! Don't forget to subscribe to the channel to stay updated. Thanks for watching, see you soon!
BITSTAMP:BTCUSDLong
by SHARK1318