Cryptotrading
CRO (Cronos): Falling Wedge BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with near-term upside potential to $0.10. We would enter on breakout retest near $0.08. Stop Loss at $0.07. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Neutral, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.075, then $0.066. Nearest Resistance Zone is $0.10, then $0.12.
Is JASMY Poised for a Major Bullish Reversal? Watch This Level!Yello, Paradisers! Could #JASMY be on the verge of a significant move? Let's dive in.
💎#JASMYUSDT has recently shown a strong rebound from a key demand zone, marked by a powerful green candle that indicates bullish momentum. The critical area to watch now is the resistance zone between $0.0253 and $0.0275. This zone aligns with the 0.618 Fibonacci retracement level, making it a crucial barrier. If JASMY successfully breaks above this resistance, we could see a significant upward move toward our target levels.
💎However, there’s another scenario to consider. If JASMY fails to break through this resistance and faces a strong rejection, the price is likely to reverse and head downward, potentially revisiting the demand zone around $0.02. If the demand fails to hold, the price might drop further into the strong demand area.
💎Historically, when the price repeatedly tests a strong demand zone, it often rebounds upward. But be cautious—if JASMY breaks below this strong demand, it could signal a bearish momentum shift, invalidating the bullish outlook and leading to further downside.
Stay disciplined and ready to act based on how the price reacts at these key levels.
MyCryptoParadise
iFeel the success🌴
Is #ONE About to Break Out or Break Down? Key Levels to WatchYello, Paradisers! 🧐 Are you keeping a close eye on #ONE? If not, you might want to start now because #Harmony is reaching a crucial level:
💎 LSE:ONE is trading within a descending channel, but it’s approaching a key demand zone that could trigger a significant move. We are expecting a bullish breakout from the descending channel.
💎#Harmony (#ONE) is currently adhering to a descending resistance pattern. However, the price is inching closer to a critical demand level at $0.010, which could be the game-changer. If the price taps into this level and gains momentum, we might witness a bullish breakout.
💎A break above the descending resistance could push #ONEUSDT toward the major supply area at $0.018. This zone is crucial—if we see a successful breach, expect a strong bullish move targeting the next resistance zone.
💎But let’s not forget the downside risks. If #ONEUSDT fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $0.0085.
💎However, if LSE:ONE drops below this level, it could signal a prolonged bearish trend, keeping the price locked within the descending channel.
Stay focused, sharp, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
WIF Trade SetupWIF has recently shown strong performance, rising over 65% from its bottom at $1.08. Currently, the price is pulling back towards a key support zone at $1.50, which also represents a significant psychological level and a potential demand zone. This pullback offers an opportunity to enter a trade, with the expectation of a bounce from support.
Trade Plan:
Entry: Around the $1.50 support zone.
Take Profit: Targets set at $2.2 and $2.8.
Stop Loss: Placed at $1.36 to minimize downside risk.
This setup leverages the strong recent momentum of WIF while managing risk effectively. The trade is designed to capitalize on a potential bounce from the $1.50 support level, which has shown to be a key area of interest.
Is #NMRUSDT Ready for a Major Breakout? Major Zone ReachingYello! Are you prepared for what could be a significant move in the #NMRUSDT? Let's look at the latest analysis and see what will happen:
💎Currently, #Numeraire is compressed within a falling wedge pattern, a classic bullish reversal signal. So, what makes us confident in an upcoming breakout? It's the combination of increasing trading volume and improving macro market sentiment.
💎However, there's always a plan B in trading. If #NMR gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $11-12. This level has consistently provided strong support and is rich with liquidity.
💎Should #NMRUSDT fail to bounce back from the $11-$12 support, our eyes will be on the next critical level at $9.31. Historically, this level has been a stronghold, and the probability of a rebound here is notably higher.
💎But remember, if #NMR breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation.
Strive for consistency, not quick profits.
MyCryptoParadise
iFeel the success🌴
Could This Be the Next Bull Run for #WIFUSDT? Positive SignsYello! Are you ready to catch the next big move of the #dogwifhat? Let's look at the latest analysis of #WIF and see what's happening:
💎#WIF is currently showing promising signs of a bullish continuation from a crucial support zone at $1.36. We've been closely monitoring #WIFUSDT as it has been following a descending channel for quite some time.
💎Recently, it broke above the descending resistance and is now gaining momentum at this key support level. If the price holds strong at this level, there's a high probability of a bullish rally, similar to previous trends.
💎A breakout above the probable resistance at $2.01 could lead to targeting the next resistance zones and beyond.
💎However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $1.06.
💎It's crucial to stay vigilant and monitor #dogwifhat price movements closely. A daily closure below the demand area could invalidate the bullish outlook and potentially lead to further declines.
Stay vigilant and monitor #dogwifhat price movements closely.
MyCryptoParadise
iFeel the success🌴
Trade Setup: AR Long PositionTrade Parameters:
Entry: Buy in the range of $20.00 to $20.50.
Take Profit:
First target: $25.50 - $29.00
Second target: $32.50 - $36.00
Stop Loss: Set just below $19.00.
Additional Notes:
Monitor the price action closely to ensure it stays within the entry range.
Adjust your strategy if significant news or market changes occur.
Manage risk effectively, especially given the specified stop loss.
#AR #TradingStrategy #CryptoTrading 🎯
Trade Setup: FTM Long PositionMarket Context:
Despite some altcoins being at short-term resistance levels, the overall altcoin market is oversold on higher time frames.
A potential small pullback could present an opportunity to take long trades to the next resistance levels.
Trade Parameters:
Entry: Buy in the range of $0.30 to $0.3060.
Take Profit:
First target: $0.38 - $0.4233
Second target: $0.53 - $0.60
Stop Loss: Set just below $0.2850.
Additional Notes:
Monitor the market for signs of a small pullback to confirm the entry zone.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
Ensure to manage risk effectively, especially given the oversold conditions.
#FTM #TradingStrategy #CryptoTrading 🎯
Is ONDOUSDT Heading for a Major Downturn? Key Levels to Watch!Yello, Paradisers! Are we about to witness a significant move in #ONDOUSDT? Let’s break down the current situation.
💎#ONDO has broken the ascending channel support, indicating a potential bearish momentum. The price recently bounced off the demand zone at 0.9, suggesting a possible upward retest before continuing its downward movement.
💎If the price breaks below the 0.9 demand zone, we could see a further decline towards the strong demand area at 0.687, and potentially even lower to the OB area around 0.48.
💎However, if ONDO manages to reclaim the price above the ascending channel support and breaks the resistance at 1.295, this would invalidate the bearish momentum. In this case, the price has the potential to continue its upward movement.
Stay sharp, traders, and keep these critical levels in mind as you navigate the market.
MyCryptoParadise
iFeel the success🌴
PENDLEUSDT is on critical Levels to Watch!Yello, Paradisers! Are you ready to uncover the potential major moves in #PENDLEUSDT? Let's break it down!
💎#PENDLE has successfully reclaimed the demand area, signaling good momentum. We anticipate a test at the 2.318 demand level, which could trigger a rebound and continue the upward movement. If this scenario plays out, we could see a significant rise in price as it tests the strong resistance area.
💎However, if PENDLE fails to rebound and breaks below the demand area again, it may drop to the strong demand zone around 1.58. This area could attract large orders, sparking a strong bullish reversal and a subsequent breakout above resistance. But beware, if PENDLE hits this strong demand and remains sideways, it could be a bad sign.
💎Bullish invalidation occurs if PENDLE breaks key support and closes daily below strong demand. In this case, the price is likely to head further downward and dip.
Discipline and patience are crucial in navigating these potential market shifts.
MyCryptoParadise
iFeel the success🌴
AR (Arweave): Falling WedgeTrade setup : Price broke below its 200-day moving average, which signaled onset of downtrend. However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $17.00. Nearest Resistance Zone is $30.00, then $37.00.
Is ORBS/USDT Poised for a Massive Breakout? Don't Miss Yello, Paradisers! Are you ready for some potential big moves with ORBSUSDT? Let's dive into the analysis to see what's brewing!
💎#ORBS is currently showing signs of a probable bullish continuation from a support zone at $0.02415. We've observed ORBS following a descending channel for quite some time. Recently, after breaking above the descending resistance, it's gaining momentum at this key support level.
💎If the price holds strong at this level, there's a high probability of a bullish rally, similar to previous trends. A breakout above the probable resistance at $0.03323 could lead to targeting the next resistance zones and beyond. However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower support area around $0.01821.
💎It's crucial to stay vigilant and monitor #ORBS price movements closely. A daily closure below the support area could invalidate the bullish outlook and potentially lead to further declines.
💎Remember, Paradisers staying disciplined and patient is key in these volatile markets. Consistently profitable trading comes from waiting for the best opportunities. Stay focused and avoid emotional decisions!
MyCryptoParadise
iFeel the success🌴
Bitcoin Downtrend: Potential Drop to $44K Support LevelBitcoin is currently in a downtrend, as clearly indicated by the Ichimoku Cloud tool. The price is trading below the Kumo (Cloud), which signals a confirmed bearish trend. Generally, when the price is below the Kumo, it suggests that the downtrend is likely to continue.
From the chart, we can see that Bitcoin has dropped from the $70,000 range and is now hovering around $56,000. The red cloud ahead suggests strong resistance above the current price level, likely preventing a quick recovery to higher levels.
Given the current conditions and previous analyses, a strong support zone is expected around the $44,000 level. This level aligns with both Fibonacci retracements and previous resistance/support areas. If the price reaches this level, we could anticipate a strong reaction from buyers. However, if this support level is broken, a further decline towards lower levels, such as $40,000, is possible.
Trade Setup: ONDO Long PositionMarket Context:
ONDO has historically performed well with the backing of BlackRock in the RWA space.
Recent price decline opens a potentially great buying opportunity for the long term.
Buyers are defending the current price, but further weakness could see a retest of range low support.
Trade Parameters:
Entry: Buy in the range of $0.44 to $0.56, ideally observing for a sweep of the lows and a reclaim for higher conviction.
Take Profit:
First target: $0.73
Second target: $0.99
Third target: $1.49
Stop Loss: Set at a daily close under $0.38.
Additional Notes:
Monitor for signs of bullish volatility to confirm the entry zone.
Look for clearing of long liquidity and higher conviction on a retest of the lows.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
#ONDO #TradingStrategy #CryptoTrading 🎯
AXS (Axie Infinity) Falling WedgeTrade setup : Price is in a Downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is Oversold currently, based on RSI-14 levels (RSI < 30).
Support and Resistance : Nearest Support Zone is $4.00. Nearest Resistance Zone is $7.00, then $9.00.
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, trading in a Falling Wedge pattern. Swing traders: price is approaching the Wedge support trendline and $1.00 horizontal support, and is oversold (RSI < 25!), which makes for a good trade entry, with +50% upside potential to $1.50 key level. Stop Loss at $0.87.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is Very Oversold currently, based on RSI-14 levels (RSI < 25).
Support and Resistance : Nearest Resistance Zone is $1.85, then $2.50.
BITCOIN (BTCUSD): 2 Important Zones to Watch ₿
Here are 2 significant demand zones on Bitcoin to pay close attention to.
Zone 1: 46600 - 50000 area
This structure is based on an important psychological level 50000
and 2 historical key levels.
Zones 2: 38500 - 41300 area
This structure is based on multiple historic levels
that the price respected in December last year.
Probabilities are high that the market will stop falling soon.
However, a bearish violation of Zone 1 will push the prices much lower.
Let's see.
❤️Please, support my work with like, thank you!❤️
#BITCOINx.com
Two weeks ago, when BULLISH sentiment was flooding everywhere, from major crypto online publishers to the biggest crypto YouTube influencers, I decided to send this message to their contact/editor email with a kindly ask, that I would like to present this outlook as a reasonable counter-view to their. PRO BONO. FREE OF CHARGE.
From 15 of the major publishers, ONE of them replied with- No. EVERYONE else just ignored the message. TODAY, when BTC is 20% lower, you don't see them apologizing for their incompetency, they rather come up with excuses for WHY it happened, not thinking about damage they have done to all people who TRUSTED in THEM!
So this message is for YOU - an ordinary general public person, who took an interest in crypto investing.
DO NOT TRUST THOSE PEOPLE! THEY DON'T CARE ABOUT YOUR BEST INTEREST! ALL THEY CARE ABOUT IS MONEY THEY RECEIVE FROM THOSE VERY COMPANIES THEY PUBLISH FOR!
If you want to be AHEAD of the GAME and NOT HOLD the Bag, CONTACT US in DM! #Bitcoin
MANA (Decentraland): Approaching SupportTrade setup : Price is in a Downtrend. It had a failed breakout from Falling Wedge pattern but price did make a Higher High (above prior swing high), which is also a positive sign (see chart). Now we'll wait for price to pull back and watch if it makes a Higher Low (above prior downswing low of $0.27). Series of Higher Highs and Higher Lows are indicative of an Uptrend.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.27. Nearest Resistance Zone is $0.32, then $0.40.
KAVA (Kava.io): Approaching ResistanceTrade setup : Price remains in a downtrend, trading well below 200-day moving average. It had a bearish breakout from Falling Wedge pattern and dipped as low as $0.32, making a new 52-week low. It bounced from very oversold levels (RSI < 25!) near that $0.32 support and is approaching $0.42 resistance now, where it's likely to get rejected and revisit $0.32. It's too early to tell if this is a sign of trend reversal or just a bounce in a downtrend.
Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.32. Nearest Resistance Zone is $0.42, then $0.55.
Breakout Alert: #BETAUSDT Has Broken Out of Falling WedgeYello, Paradisers! Are you ready to catch the next potential breakout in #BETA? #BETAUSDT has broken out of the falling wedge and let's where it's going:
💎#BETA is currently showing signs of a probable bullish continuation from a support zone at $0.05028. We've observed #BetFinance following a falling wedge for quite some time. Now it has broken above the descending resistance and is aiming for the internal resistance at $0.062.
💎If MYX:BETA holds strong at this level, there's a high probability of a bullish rally, similar to previous trends. A breakout above the probable resistance at $0.062 could lead to targeting the next resistance zones and beyond.
💎However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $0.041.
💎It's crucial to stay vigilant and monitor #BETAUSDT price movements closely. A daily closure below the demand area could invalidate the bullish outlook and potentially lead to further declines.
Paradisers, you always need to treat the market as a businessman and not as a gambler.
MyCryptoParadise
iFeel the success🌴
#ZRXUSDT Ready For a Major Bullish Move After the BreakoutYello, Paradisers! Are you ready for the next big move in #ZRXUSDT? The #ZRX is retesting a crucial demand zone and let's see what happens next:
💎 NEWCONNECT:ZRX is currently showing signs of a probable bullish continuation from a support zone at $0.2893. We've observed #0xProtocol following a descending channel for quite some time. Recently, after breaking above the descending resistance, it's gaining momentum at this key support level.
💎If NEWCONNECT:ZRX holds strong at this level, there's a high probability of a bullish rally, similar to previous trends. A breakout above the probable resistance at $0.407 could lead to targeting the next resistance zones and beyond.
💎However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $0.227.
💎It's crucial to stay vigilant and monitor #ZRXUSDT price movements closely. A daily closure below the demand area could invalidate the bullish outlook and potentially lead to further declines.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴