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Bitcoin- Are new ATHs still on the horizon in the near term?Since reaching the recent all-time high (ATH) near 74k in mid-March, BITSTAMP:BTCUSD has corrected to the 61k zone support and has begun consolidating thereafter. Despite significant volatility over the past three weeks, the overall outlook remains predominantly bullish, offering reassurance to medium to long-term holders. Furthermore, upon examining the daily chart, it becomes evident that this consolidation is gradually narrowing, forming a symmetrical triangle, which typically signals continuation. Additionally, following the breach below the interim support at 68k on Tuesday, the subsequent reversal has resulted in a Morning Star candlestick formation, while yesterday's NFP report provided further evidence of bullish momentum with a Pin Bar candle. At the time of writing, the price has returned to the 68k median level, showing determination to retest the 70k mark once more. To confirm a new upward trend, bulls will require stabilization above 71k, at which point, the measured target for the triangle pattern around 80k comes into focus. My bullish stance persists as long as the price remains above the 62k zone.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
6
OP/USDT Bullish Reversal on the Horizon? 👀🚀OP Analysis💎 Paradiser, get ready for an exciting trading opportunity with #OPUSDT! The current setup suggests a bullish turnaround from its support and FVG. 💎 Reflecting on the past, $OPTIMISM faced challenges in surpassing its previous high, resulting in a bearish sentiment. However, the tides appear to be shifting. At the support level of $2.619, which has already piqued buying interest, there’s a strong chance of a bullish shift targeting the significant supply zone at $4.803. 💎 As savvy traders, we always have a Plan B. If #OP dips below our critical support at $2.619, we’re poised to capitalize on a bullish rebound from a lower support and the Bullish OB at $2.116. But exercise caution, as breaching this additional support could indicate a deeper decline. 💎 Stay adaptable in your strategies and keep a close eye on the charts, fellow Paradisers. Your ParadiseTeam is here to guide you through these market waves with expert insight.
Long
by MyCryptoParadise
1
EGLD /USDT Ascending Trendline and Support Level? 👀🚀EGLD💎 Paradisers #EGLD is currently aligning itself along an ascending trendline. This trendline intersects with a critical support level at $46.76.The confluence of these factors raises the probability of bullish horizons. If #EGLD can maintain momentum at this level, we might witness a delightful upward surge. 💎 Our keen-eyed observations reveal that #EGLD has recently formed a double-top pattern, followed by a subsequent downward trend.However, there’s hope on the horizon. The price is now approaching the strong support level of $46.76, which coincides with the ascending trendline.The fact that the price has already respected this level twice, coupled with sustained upward momentum, suggests a potential bullish movement. 💎 As savvy traders, we’re always prepared for different scenarios. If #EGLD doesn’t rally as expected and this bullish setup falters, let’s keep our eyes on another critical level.Our Point of Interest (POI) shifts to the lower demand zone at $0.3467. A bullish rebound from this point could be in the cards. 💎 However, a word of caution: breaking below this point might signal a significant downward trend. Stay vigilant, adapt your strategies, and may the crypto winds be ever in your favor!
Long
by MyCryptoParadise
ADA/USDT should price respect key support? 👀🚀Cardano💎 Greetings, paradisers, #ADAUSDT currently, it is meticulously maintaining momentum at a critical support level of $0.5596. This level holds immense significance, and its ability to transition from a mere retest to a robust support could be the harbinger of a potential bullish surge. 💎 Despite failing to break the previous high, short-term bearish sentiments persist for #ADA. However, there’s hope on the horizon. As of now, the price approaches the key support level at $0.5596. If it maintains this momentum, we may witness a delightful bullish reversal—a phoenix rising from the ashes. 💎 But remember, my friends, markets are fickle. Should $CARDANO dip below this pivotal zone, our strategy must adapt. Brace yourselves! We anticipate a bullish rebound from the secondary support level at $0.5024. Failing to reclaim ground here could spell further declines. So, stay vigilant, stay nimble, and let’s navigate these market fluctuations with grace and precision
Long
by MyCryptoParadise_Simon
1
IMX/USDT Could IMX repeat the history bounce from here ?💎 Paradisers, #IMX has recently experienced notable market dynamics. Currently positioned around the support area, IMX has a history of successfully bouncing off this support and initiating significant upward movements. 💎 There's potential for IMX to repeat this pattern, with a bounce off the support followed by a breakout above the resistance trendline, potentially leading to continued upward movement toward the strong resistance area. 💎 However, if IMX fails to maintain support and breaks below it, the next likely stop is the daily demand area of around $1.78. 💎 When IMX reaches the demand area, a bounce is crucial, as this zone is pivotal. For IMX to reach the strong resistance, it's essential to reclaim the price above the support area. Failure to do so, and a breakdown below the demand area, could signify a bearish momentum, leading to significant downward movement.
by MyCryptoParadise_Nathan
2
ARKM/USDT It required to bounce from the support or break down!💎 Paradisers, #ARKM has recently undergone notable market dynamics. 💎 Currently situated around the support area, ARKM has previously demonstrated a pattern where it successfully bounced off this support, leading to significant upward movement. 💎 There's potential for ARKM to repeat this pattern, with a bounce followed by a breakout above the resistance of the falling wedge, potentially leading to a backtest of the resistance at the all-time high (ATH). 💎 However, if ARKM fails to maintain support and breaks below it, the next likely stop is the daily bullish OB. 💎 Should ARKM reach the Bullish OB area, there's significant potential for a strong bounce, given that this area has not been tested before. Reclaiming the price above the support area would be crucial for ARKM to confirm a continuation of the upward trend. Failure to do so could lead to bearish momentum and further downward movement.
by MyCryptoParadise
ENS/USDT Break down the support, Potential visit on Bullish OB!💎 Paradisers, #ENS has recently undergone notable market dynamics. After breaking down the support level, it has transformed into a resistance zone. 💎 If #ENS fails to reclaim the price above this resistance, there's potential for further downward movement, with the next likely target being the Bullish OB area. 💎 However, if #ENS successfully reclaims and breaks out above the resistance level once more, there's potential for the price to revisit the key resistance area. A subsequent breakout above this level could pave the way for a move toward our target at the Bearish OB and supply zones.
by MyCryptoParadise_Nathan
RAY/USDT In the crucial support, need bouncing for back upward!💎 Paradisers, #RAY has recently experienced notable market dynamics. Demonstrating a bounce from the support area, RAY has consistently shown resilience at this level, indicating strong support. 💎 There is potential for the price to continue bouncing as observed in historical patterns and retest the strong resistance area. 💎 However, if #RAY breaks below the support area, this could signal a bearish development. In such a scenario, the price may continue its downward trajectory toward the demand area, ranging between $1.6 to $1.3. 💎 It's crucial for price action to confirm a bounce at the demand area and reclaim the price above the support level. Failure to do so could result in further downward movement for #RAY.
by MyCryptoParadise
AEVO/USDT Ready to Explore Unchartered Territory 🚀AEVO Analysis💎Paradisers, set your gaze on #AEVOUSDT. It’s poised on the brink of a breakout from a symmetrical triangle. If it ascends, brace for a bullish tidal wave that will send it to explore unchartered territory. 💎If #Aevo stumbles at the triangle’s apex, we expect a fierce rebound from the $2.65 support—a wellspring of liquidity that’s sparked many a rally from this support. 💎What if it Falls below $2.65 ? Keep your eyes focused on a bullish resurgence from the $2.32 stronghold . Breaking this level could signal a market bearishness. 💎Paradisers, with eyes wide and strategies at the ready, we’re charting the #AEVO odyssey with precision and prowess.
Long
by MyCryptoParadise_Simon
NEAR/USDT Potential Rally For a Breakout | 👀🚀NEAR Analysis 💎 Paradisers, all eyes on #NEARUSDT ! It’s tracing a path within a symmetrical triangle, bracing for a breakout that could set the stage for a bullish rally. 💎If #NearProtocol momentarily falters at the triangle’s edge, we anticipate the next rally from the $6.03 support line. This zone is a magnet for action, historically sparking impressive climbs with its vibrant trading activity. 💎This will be a critical juncture. If we slip below $6.03, brace for a dynamic rebound from the $5.09 frontier. A dip here might unleash market forces, but we’re ready to ride the wave. 💎Paradisers, stay poised and proactive as we navigate the unfolding epic of #NEAR’s market journey.
Long
by MyCryptoParadise_Simon
QTUM/USDT A Bullish Journey from a Pivotal Demand Level👀🚀💎 Paradisers, buckle up for an enthralling ride with #QTUMUSDT as it plans a bullish journey from a critical demand level at $3.756. This level hints at a robust leap into bullish territory. 💎 A standout feature is its escape from a descending trendline, propelling #QTUM on an optimistic trajectory. This shift marks the resurgence of bullish momentum, favoring an upward surge. If this energy persists, our next target lies at the $6.097 resistance zone. 💎 However, let’s stay vigilant. Should AMEX:QTUM face obstacles and struggle to maintain its stride, a bullish effort from the $3.174 demand level could come into play. But beware—a descent below this threshold may prompt the asset to revisit the trendline it recently overcame, signaling a critical juncture for its short-term direction
Long
by MyCryptoParadise
1
MANA/USDT bullish horizon from support? 👀🚀Mana Today analysis💎 Greetings, Today, we delve into the intriguing movement of #MANAUSDT. Currently, it is meticulously maintaining momentum at a critical support level of $0.5484. This level holds immense significance, and its ability to transition from a mere retest to a robust support could be the harbinger of a potential bullish surge. 💎 Despite failing to break the previous high, short-term bearish sentiments persist for #MANA. However, there’s hope on the horizon. As of now, the price approaches the key support level at $0.5484. If it maintains this momentum, we may witness a delightful bullish reversal—a phoenix rising from the ashes. 💎 But remember, my friends, markets are fickle. Should EURONEXT:MANA dip below this pivotal zone, our strategy must adapt. Brace yourselves! We anticipate a bullish rebound from the secondary support level at $0.4686. Failing to reclaim ground here could spell further declines. So, stay vigilant, stay nimble, and let’s navigate these market fluctuations with grace and precision
Long
by MyCryptoParadise
CRV/USDT should price respect key support? 👀CRV Today analysis💎 CRVUSDT is currently exhibiting notable strength, hinting at a potential bullish reversal from its support level at $0.5800. If the price maintains its momentum at this level, there is a significant likelihood of a bullish upswing that could surpass the nearby supply. 💎 Considering historical patterns, Curve (CURVE) has consistently followed a downward trend, frequently encountering resistance around $0.7293. We anticipate that the price may revisit the support level at $0.5800 before embarking on a further bullish trajectory. Interestingly, this level has been respected twice in the past. 💎 In the event that LSE:CRV faces challenges in maintaining its momentum at the $0.5800 demand, we expect a bullish recovery from the lower demand zone around $0.5387. However, a breach below this point could potentially lead to additional declines. Let’s remain vigilant and be prepared to adapt our strategies as needed.
Long
by MyCryptoParadise_Simon
2
RLC/USDT Ready to Take Juicy Liquidity Present Above? 👀🚀💎Paradisers, eyes on #RLCUSDT as it dances within an ascending triangle, hinting at a thrilling upward breakout. If it breaches through, brace for a significant bullish wave. 💎Here's the twist: if #iExecRLC stumbles at the triangle's lower edge, we're banking on a bullish pivot from the $2.83 support. This level is drenched in liquidity, marked by past rallies and vibrant green candles. 💎If GETTEX:RLC dips below $2.83, watch for a bullish swing from the $2.078 zone. A failure to rebound here might unleash a sell-off spree. Stay nimble and prepared to shift gears as we chart #RLC's course through these market waves.
Long
by MyCryptoParadise_Simon
2
ZEN/USDT Retesting its Previous Support for a Rally (Short term)💎Today's spotlight is on #ZENUSDT as it's priming for a bullish leap from a key support zone, hinting at a potential rally toward the above supply zone. 💎 Our last forecast nailed it, bagging a whopping 60% profit for our traders! Now, $Horizen is teasing us again, hovering near a vital $11.67 support line. This drop in trading volume? It's like the calm before the storm, suggesting a bullish spree might just be kicking off from $11.67, with a spike in activity hinting we're onto something big. 💎But if #ZEN decides to take a dip below this crucial support, don't panic —we've got plans. We're eyeing a bounce back from $9.2 next. If LSE:ZEN hesitates to jump back on the bull train from there, we might see it slide even more. 💎We always strategies and be flexible in this game as we cruise through #ZEN's market twists and turns. Join us on this journey now
Long
by MyCryptoParadise_Simon
3