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Trade Setup: STX Double Bottom FormationMarket Context: STX has shown a significant rally of 200% the last time it touched this support level. With the price forming a double bottom and BTC expected to rally, this presents an opportunity for both a spot position and a shorter-term trade. Trade Setup: Entry: Enter a trade at $1.37. Take Profit: Set profit targets at $1.80 and $1.98. Stop Loss: Place the stop loss at $1.16 (on a daily close). 📊 Monitor BTC's performance closely and adjust your strategy as needed! #STX #CryptoTrading #DoubleBottomFormation 🎯
Long
by Richtv_official
UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~$9.00), which is a sign of downtrend. We wait for price to regain those critical levels and signal resumption of uptrend. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions. 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 Strong Down and Long-term trend is Strong Up. 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 $8.00, then $6.75. Nearest Resistance Zone is $10.00, then $12.00.
Long
by altFINS
STPTUSDT is Ready for the Next Big Move? Get Ready for BreakoutYello Paradisers! Are you ready for the next big move in #STPT? Let's break down these statements and analyze what's happening: 💎#STPT is currently trading within a descending channel, which typically signals a bearish trend. This pattern showcases a series of lower highs and lower lows. However, there’s a potential breakout and retest zone just above the descending resistance. A successful breakout and retest could lead to a strong upward move. 💎#STPTUSDT has been consistently rejected by the channel as indicated by the red arrows. A break above this line could signal a potential trend reversal. 50EMA is also reinforcing this bullish outlook. 💎There's a highlighted support zone around $0.03737, this level has been tested and respected multiple times by the GETTEX:STP , making it a crucial support area to watch. It’s also where we find a bullish order block, suggesting that buyers are likely to step in at this level. 💎Within the support zone, this order block indicates strong buying interest, providing further support for a potential bullish move. The bullish outlook will be invalidated if the $STPT falls below the major support zone at $0.03565. This level is key for maintaining the current structure. Stay focused, patient, and disciplined, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
REZUSDT | CONTINUATION DOWN?Asia session insights: Are we heading lower? The stage is set for a potential sell-off, and REZUSDT could be in the spotlight. Market Context Bitcoin is still trading in a downtrend, and even a small downward movement could trigger a larger sell-off in the altcoin market. Let’s see if REZUSDT will follow suit. Bearish Signals • BTC Downtrend: Bitcoin continues its downward trajectory, putting pressure on the entire crypto market. • Asia Session: Historically, the Asia trading session can see significant movements. If BTC drops, it could accelerate sell-offs in altcoins like REZUSDT. • Price Action: The recent price action in REZUSDT shows weakness, with lower highs and a potential breakdown from current levels. Strategy Given the current market conditions and the bearish signals, I’m betting on a downward continuation for REZUSDT. Let’s capitalize on this potential move. Action Plan Going short on REZUSDT, targeting a continuation of the downward movement. Are we going to see a further drop during the Asia session? Let’s find out! 🚀💥 Good luck, everyone!
Short
by minno91
Is GALUSDT About to Break Out or Fall Back?Yello, Paradisers! Are you ready for the next big move in #GALUSDT? Let’s dive in! 💎The price has rebounded from a strong support area, marked by a solid green candle with significant volume. Currently, the price is testing the resistance level at 2.39 but has faced rejection. For a bullish momentum to continue, #GAL must break through this resistance. If successful, the price is likely to move upward towards our target resistance area. 💎However, if GAL fails to break the resistance, the price may revisit the support zone between 1.85 and 1.62. This area is crucial, and GAL needs to bounce back from here to maintain its upward trajectory. 💎Should GAL break the strong support at 1.62, it would signal a bearish momentum, invalidating the bullish outlook. In this scenario, the price could continue its downward movement, potentially dipping further. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
GLong
by MyCryptoParadise_Nathan
2
Bitcoin’s Ascent: Could BTC Hit $108K by Year-End 2024?Current Market Overview As of now, Bitcoin is trading around $57,000, showing a resurgence after recent declines. This upward movement has been influenced by several factors, including reduced sell pressure and positive market sentiment following significant transfers and regulatory developments. Recent Developments and Predictions Institutional and Market Sentiment: Mt. Gox Sales: Despite the looming sales of Bitcoin by Mt. Gox creditors, many believe that the market has already priced in this factor, which has contributed to a stabilizing sentiment​ . German Bitcoin Wallet Movements: A significant transfer from a German wallet containing 40,000 BTC had temporarily impacted the market, but it has since recovered, indicating strong underlying demand​ . Price Predictions: Coindesk and Cointelegraph: Analysts from these platforms have indicated a potential bullish trend, with expectations of Bitcoin possibly testing new highs driven by macroeconomic factors and investor behavior​ ​. Major Financial Institutions: Matrixport predicts a potential surge to $125,000 by the end of 2024, based on historical price patterns and recent market behaviors​​. Tim Draper, a well-known venture capitalist, maintains a highly optimistic view, suggesting Bitcoin could reach $250,000, albeit this might extend into 2025​. Blockware Solutions has made an ambitious prediction of $400,000, emphasizing the impact of the upcoming halving event and its historical effect on reducing sell pressure and boosting demand​ ​. Market Factors: Halving Event: The upcoming Bitcoin halving in 2024 is a critical factor in many predictions. Historically, halving events have led to significant price increases due to the reduction in new supply and the subsequent increase in demand. This is expected to play a crucial role in driving prices higher​ ​. Institutional Adoption: Growing interest from institutional investors and major corporations is bolstering confidence in Bitcoin’s long-term value. For example, Berenberg Bank projects a price of $56,630 by April 2024, supported by institutional adoption and market dynamics​ ​. Technical Analysis and Projection Given the current market conditions, technical indicators suggest a bullish trend for Bitcoin in the coming months. The price is likely to test resistance levels at $65,000 and could reach towards $108,000 by the end of 2024 if the following conditions are met: Continued positive sentiment and institutional investment. Successful navigation of regulatory hurdles and market stabilization. Impactful market events, such as the Bitcoin halving, which historically lead to significant price rallies. Conclusion: While there are inherent risks and uncertainties in the cryptocurrency market, the overall outlook for Bitcoin remains positive. With key events like the Bitcoin halving on the horizon and strong institutional interest, Bitcoin has the potential to reach and possibly exceed $108,000 by the end of 2024. Investors should remain cautious but optimistic, keeping an eye on market developments and macroeconomic indicators.
COINBASE:BTCUSDLong
by wikitrades
4
KSM: Support BreakoutTrade setup : Price remains in a downtrend. Following a Bearish breakout from a Sideways Channel, it's also broken below $22 support level, making another Lower Low (also a sign of downtrend). It could revisit $16.70 next. Pattern : Support Breakout . Once a price breaks below a support zone, it signals that supply from sellers has overwhelmed demand from buyers at this level and price is likely to decline further. Following a support breakout, the next closest support zone becomes a price target. Learn to trade key levels breakouts in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $16.70. Nearest Resistance Zone is $27.00, then $33.00.
Long
by altFINS
BTC Analysis | Bearish Trend and Key Support Levels 1D TFIn the last major rally, BTC needed approximately $522 billion to drive a 51% surge. Data from Feb 5 to Mar 4, 2024, highlights the substantial capital influx required for such a rise. Given current market dynamics, the availability of similar liquidity to ignite another significant price jump seems unlikely. 1D TF highlights a key support level around $ 53K ~ $ 50.5K. This range is crucial to monitor before expecting further price drops. Additionally, there's a strong resistance zone at $60K ~ $65K. Bitcoin is likely to test the $ 65K resistance level before resuming its decline. 🔴 Still Keeping My Bear Stance 🧸 I’m waiting for the Price RANGE of $ 30K ~ $ 25K to open a LONG Position. Disclaimer: NFA ➖ DYOR 🧠 💡 Open for discussion on this analysis 💬
COINBASE:BTCUSD
by TeddyVizion
BTCUSDT | UP UP UP!Are we finally going up? It’s quite possible! Market Context Bitcoin is showing strong signs of a potential upward movement. Despite a poor weekly candle close, this might be a clever fakeout designed to shake out the shorts. Let’s dive in! Bullish Signals • Weekly Liquidity: There’s a ton of liquidity above $72K, and Bitcoin loves to chase liquidity. • Bullish Divergence: On the daily chart, we see a bullish divergence forming. This is often a precursor to significant upward moves. • Weekly Uptrend: We’re still trading within an uptrend on the weekly chart. • Engulfing Candle: A huge bullish engulfing candle post-divergence indicates that the bulls are back in action. Strategy I’m betting on a substantial upward move for BTCUSDT. Targeting SWB:69K as TP1, and who knows? $100K could be on the horizon. It’s not just a dream—it’s a real possibility given the current setup. Action Plan Going long on BTCUSDT. Let’s ride this wave and aim high! Good luck, everyone! 🚀🌕
Long
by minno91
SOL Analysis: Key Support at $122 & Bull Run ProjectionsSOLUSD is currently showing strong support at $122, providing an excellent opportunity for significant gains. If this support level holds, we could witness a notable upward movement. However, if the $122 support breaks, the next crucial support level lies at $84, from where a bounce is expected, especially with the approaching bull run in Q4 2024. Historically, bull runs bring high volatility and substantial price rises. This bull run is expected to follow the same pattern, with the market potentially peaking around March or November 2025. It is crucial to be prepared to exit the market around this time, as the bull run is likely to end then. Based on historical data and calculations, the minimum target for SOLUSD in this bull run is $7,385. If SOL can flip the $7,385 resistance by February 2025, we might see it reaching a maximum target of $9,464. During the previous bull run in 2021, SOL pumped from a bottom of $0.21 to a peak of $260, delivering an astonishing return of 121,295% between April 2020 and November 2021. The bear market began in 2022, consistent with historical patterns of price pumps during bull markets. We anticipate similar volatility in this bull run. Monitoring resistance zones and adjusting trades accordingly is crucial. Plan to exit long positions by March or November 2025 to capitalize on the bull run's peak. For more detailed analysis and updates, follow us on TradingView to stay informed about our latest trading ideas and insights. Make the most of our expert analysis to enhance your trading strategy.
CRYPTO:SOLUSDLong
by Houseofcryptokings
2
Ethereum (ETH)After huge pumps in crypto market we will have a little correction Ethereum price today is $1.6k with a 24-hour trading volume of 14.4 billion dollars on June we had a crazy Volume for eth and whales buys the dip which is a very good sign for eth price in future Eth under 1k is a most buy and 1k-2k is a dip for eth, as you can see in weekly time frame eth trys to make a W pattern an bulls try to back at 1900$ 2000, 2500, 3500 and 4500$ are the most important resistance for Eth and huge opportunity for scalper traders
Long
by moonypto
6
NOTUSDT Idea - UpdateHey Traders!, I foresee two potential scenarios for the movement of the NOT/USDT price: BINANCE:NOTUSDT 1. The price chart declines to the $0.01300 range, finds support, and then resumes its upward trajectory to reach $0.02100. 2. The price chart falls to the $0.01300 support area, breaks below the ascending channel, and continues to drop to $0.00750. In my assessment, the first scenario is more likely, with an estimated 60% probability of the price rising to $0.02100.
Long
by Arash-RK
3
UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~8.91), which is a sign of downtrend. We wait for price to regain those critical levels and signal resumption of uptrend. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions. 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 Up. Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $6.75. Nearest Resistance Zone is $10.00, then $12.00.
Long
by altFINS
TIA: Support BreakoutTrade setup : Price is in a downtrend and broke below $5.00 support. However, near-term, it appears very oversold (RSI < 25) and could bounce up. Pattern : Support Breakout. Once a price breaks below a support zone, it signals that supply from sellers has overwhelmed demand from buyers at this level and price is likely to decline further. Following a support breakout, the next closest support zone becomes a price target. Learn to trade key levels breakouts 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 Oversold currently, based on RSI-14 levels (RSI < 30). Support and Resistance : Nearest Resistance Zone is $6.00, then $8.00.
Long
by altFINS
Could STXUSDT Be on the Verge of a Major Rebound? Yello, Paradisers! Is #STXUSDT about to make a dramatic move? Let’s dive into the analysis to see what’s happening. 💎Currently, #STX is lying on a strong support zone. The probability of a rebound from here is high if the daily candle closes with a bullish rejection. Should this occur, the price is likely to reverse upward, testing the supply zone around 1.8 and the descending resistance area. 💎If STX successfully breaks out of the descending resistance, it could indicate a strong momentum shift. This breakout might also lead to a breach of the supply zone. A successful break above the supply zone would confirm a bullish reversal, with a high probability of the price reaching our target at the strong resistance area. 💎However, if STX fails to break the descending resistance or fails to rebound from the support, we could see a move towards the order block (OB) area. The OB area is crucial as it likely contains large orders that could lead to a significant rebound. For the price to continue its upward movement, reclaiming the support zone is necessary. 💎Conversely, if STX breaks below the OB area and the daily candle closes beneath it, this would confirm a bullish invalidation, signaling a continuation of the bearish trend and a potential further dip. Stay vigilant, traders, and remember that discipline and patience are key to navigating these market moves successfully. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
Bitcoin (BTCUSD) Important Support to Watch The fall of Bitcoin Continues. Here are important support clusters to watch on a daily time frame. Support 1: 52300 - 53070 area Support 2: 47000 - 50700 area Support 3: 43300 - 43900 area Support 4: 41650 - 42500 area Support 5: 37800 - 39400 area These structures may provide the reversal points. Watch carefully the reaction of the market to the underlined zones and wait for a signal to buy. ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDLong
by VasilyTrader
1
BITCOIN (BTC) Technical Analysis & Important Decision Point Bitcoin is currently testing an important low of May. It will be a significant decision point for the market. The violation of the underlined blue support will trigger a further bearish continuation. Next goal for the sellers will be 53200. At the same time, the price may respect the underlined zone and bounce from that. I suggest waiting for an intraday bullish confirmation as a signal to buy. Let's see what will happen. ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDShort
by VasilyTrader
3
AKROUSDT | Bearish Vibes Ahead?Market Context The market’s got a bearish vibe, and with the weekend approaching, we might see some significant downward movements. Time to capitalize on the bearish trend! Chart Analysis • Weekend Strategy: Weekends often bring volatility, and with the current bearish sentiment, AKROUSDT looks primed for a move down. • Bearish Signals: Technical indicators are flashing red, suggesting a potential drop is imminent. Strategy I’m shorting AKROUSDT, riding the wave of bearish momentum. The setup is perfect for a weekend trade, with all signs pointing to further declines. Action Plan Entering a short position on AKROUSDT to take advantage of the anticipated bearish action. Let’s see if we can turn this market sentiment into profit! Let’s nail this bearish trade! 📉🔥
AShort
by minno91
ALTUSDT | Preparing for Another Leg Down?Market Context Bitcoin’s downward trend suggests we might see more bearish action in the coming weeks. As BTC drops, the ripple effect is likely to hit the entire market, making ALTUSDT a prime candidate for further declines. Chart Analysis • BTC Influence: Bitcoin is leading the market downwards, and ALTUSDT is poised to follow. • Bearish Indicators: Technical indicators and market sentiment are aligning to signal more downside for ALTUSDT. Strategy I’m going short on ALTUSDT, betting on another leg down. The current market conditions provide a solid setup for this move. Action Plan Entering a short position on ALTUSDT to capitalize on the expected bearish trend. Let’s see if this theory holds true and delivers some solid gains on the downside. Let’s catch this wave down together! 📉🔥
Short
by minno91
PEPEUSDT Turns Bearish | More Downward Move Ahead for #PEPE?Yello, Paradisers! Have you been keeping an eye on CRYPTOCAP:PEPE (#PEPE)? Our latest analysis suggests a critical moment is approaching. Let’s dive into the details. 💎#PEPE is currently trading within a descending channel, which is a bearish continuation pattern. This pattern is characterized by lower highs and lower lows, indicating sustained downward pressure. The price has been respecting the descending resistance line, repeatedly getting rejected at this level. 💎50EMA and macro market sentiment are also reinforcing our bearish bias for #PEPE. The major support zone is highlighted at $0.00000730. If the price fails to hold above this level, it could lead to a further drop towards the next support at $0.00000662. 💎The immediate resistance zone to watch is at $0.00001225. For the bearish scenario to be invalidated, #PEPEUSDT needs to break above the resistance at $0.00001225. This would signal a potential trend reversal and the start of a new uptrend. 💎There's a bullish order block around $0.00000730, which could act as a strong support level, providing a potential bounce back if tested. Stay focused, patient, and disciplined paradisers MyCryptoParadisers iFeel the success🌴
Short
by MyCryptoParadise_Simon
TONUSDT Ready For More Downward Move | Bearish Vibes All OverYello, Paradisers! Have you been keeping an eye on Toncoin (#TON)? Our latest analysis suggests a critical moment is approaching. Let’s dive into the details. 💎#TONUSDT has been trading within a rising wedge formation on the 1D timeframe. This pattern typically signals a potential bearish reversal. Currently, #Toncoin is testing the rising wedge's lower support level, and there is a possibility that it might drop further if this support breaks. 💎The ascending resistance and the rising support form a rising wedge pattern. This pattern is generally bearish which indicates that the current uptrend might be coming to an end. 💎The strong resistance zone is marked at $8.310. If #TON fails to break above this level, the bears might take control, leading to a downward move. If this happens, the immediate support level to watch is $6.255. 💎If CRYPTOCAP:TON breaks below this level also, the next significant support lies in the major support zone between $4.607 and $4.381. This area is critical as it can provide a good chance of a pullback if tested. 💎In a scenario where the current ascending support of the rising wedge doesn't break and TON breaks above the resistance zone marked then Bulls will take over Stay focused, patient, and disciplined Paradisers MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Simon