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Cryptotrading

KAS: Approaching ResistanceTrade setup : Remain in an Uptrend. It pulled back briefly but made a Higher Low (sign of Uptrend) and broke back above $0.15 key level. Momentum has inflected bullish (MACD Histogram bars are rising). Price is now approaching our near-term target $0.194 for a +25% gain. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.20 to signal continuation of uptrend, or 2) pull back near $0.15 support for another swing trade entry in Uptrend with +25% upside potential back to $0.194. 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 Up, Medium-term trend is Up and Long-term trend is Strong Up. 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 $0.15, then $0.13. Nearest Resistance Zone is $0.194, then $0.24.
Long
by altFINS
1
TRX - The Outlier - Time For A Mega Short?Ah, Tronix. Yes, it's actually called "Tronix", not "Tron." The coin with the disappearing wallet. No joke, I made a wallet back in early 2019 for TRX and stored the private key. I like to do things the old fashioned way, so I wrote it down and double-checked it by logging in. The second time Iogged in, I got the notification, "this wallet doesn't exist." Since then, I've been pretty wary of this project. I could go into all sorts of conspiracy theories about Justin Sun, CZ, Binance, stablecoins......but I'll leave that to your imagination. This is a purely technical setup. TRX is one of the few coins that has maintained higher support levels during this bloodbath. What's up with that? As far as I understand, TRX is burned to help keep the Tron stablecoin USDD pegged to the dollar. USDT recently moved away from the Tron network. Anomalies like this don't usually last long in the crypto market. I'm speculating that this breaks down massively. There's already buzz that TRX will be the next LUNA, but before I say it's going to zero, let's just look at horizontal supports. If TRX cannot hold the 200 MA on the 3 day (teal), and if it cannot hold that orange uptrend, I think it can fall 50% pretty quickly, much like other alts during this period. On the bullish side, TRX will need to break and hold above the 200 day MA (teal in the below chart) The 200 week MA lingers just below, at the 4 cents level. Now, the question is - does TRX test the 50 week MA near 8 cents one more time before dumping? Let's find out. This is not meant as financial advice. This post is highly speculative, and is meant for entertainment :) -Victor Cobra
Short
by VictorCobra
4
TRX - The Outlier, Part 2This is just a quick follow-up post to my short idea on Tronix from May. Here is the original post. I ultimately got stopped out of the first trade and failed to catch the nearly 50% drop. Despite dropping below the uptrend, TRX rebounded much better than the rest of the crypto market, and remains one of the only coins still above its bull market support. It's been doing better than both Bitcoin and Ethereum for months. So, what's going on? Without going into too much detail, the price of TRX is being inflated due to burning mechanisms and its algorithmic stablecoin USDD. Does it deserve its current valuation? Is Justin Sun truly a genius who has engineered the perfect, stable asset? My bet is that this is not the case. I'm scaling into a short again - entries are marked at the green levels on the lefthand chart, which shows short-term price action. Short term targets are in red, while longer term short targets are shown on the righthand chart (3 day). It might take some time for this to break down, during which TRX can again get into the mid-7 cents zone. This is especially the case if markets are to rally for another 2-3 months. This is why my stop is fairly tight here, and I'm just trying to catch a wave down. Let's see! Invalidation will be if TRX can break and hold above that triangle resistance on the 3 day chart. This is not meant as financial advice. This is meant for speculation and entertainment only. -Victor Cobra
Short
by VictorCobra
1
BNXUSDT Breakout Alert! Is a Bullish Surge on the Horizon?Yello, Paradisers! Did you spot the recent breakout from the falling wedge pattern on BNXUSDT? This breakout signals a potential bullish momentum ahead. Let's dive into the details. 💎The price is likely to retest the support zone around the 1.096 area before continuing its upward movement. This level is crucial as it often acts as a springboard for further gains. 💎If BNX fails to bounce at the support zone and breaks below, it will likely find support at the Bullish Order Block (OB) area. The OB usually contains large buy orders, which can help the price rebound. 💎For the bullish momentum to continue, BNX needs to reclaim the support zone around 1.96. This is essential for hitting our target. A break below the support trendline would be a bad sign for bulls. If the price breaks the Choch area, it would confirm a trend reversal to bearish, invalidating the bullish scenario. If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest-probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
AR: Resistance BreakoutTrade setup : Price remains in a long-term Uptrend. Price got oversold (RSI < 30) and bounced off of $23 support and 200-day moving average. It's now broken above $28 resistance and could swing up to $37 next. Momentum is inflecting bullish again (MACD Histogram rising). Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $23.00, then $17.00. Nearest Resistance Zone is $28.00, then $37.00.
Long
by altFINS
#LINKUSDT: Will ChainLink Break Falling Wedge or Slip Further?Yello Paradisers! Are you ready for a potential breakout or a looming drop of #LINK? Let's dive into the latest analysis of LINK and see what might be next for #ChainLink. 💎#LINKUSDT has been trading within a falling wedge pattern on the 8HR timeframe. We're anticipating a bullish breakout that could drive the price toward the upper supply zone. However, as of now, #ChainLink is retesting the falling wedge's upper resistance level, and there is a possibility that it might not successfully break out just yet. 💎If LINK fails to breach the upper resistance, it's likely to retest the Bullish Order Block (OB) around $13.55. This level is also the Point of Control (POC) line of the Volume Range Volume Profile (VRVP), making it a strong support level. 💎However, if BIST:LINK fails to hold at $13.55, the next support level to watch is at $12.62. This area is packed with liquidity, increasing the chances of a renewed bullish rally if tested. 💎If the $12.62 support level fails to hold, we could see the bears taking control, leading to a bearish rally. The overall market sentiment and Bitcoin's movement will significantly influence #LINK's price action, so keep a close eye on these factors. Stay focused, patient, and disciplined, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
JUP Long Trade SetupCurrent Situation: Fundamental News: JUP is looking to burn 30% of its supply, reducing the total supply from 10B to 7B tokens. The team, including co-founders, has pledged to extend their vesting period to June 2026, demonstrating a long-term commitment to the project's success. Technical Analysis: The price is currently forming a double bottom, a bullish reversal pattern. We will look for the 0.7579 area of support to hold and watch for signs of a shift in structure towards the upside to enter the trade. Trade Strategy: Entry Point: Enter a long position in the range of $0.78 to $0.84. Take Profit Targets: First Target: $0.98 Second Target: $1.12 Stop Loss: Set a stop loss at $0.684 to manage risk. Summary: JUP's proposal to burn 30% of its supply and the extended vesting commitment by its team are strong indicators of potential long-term success. Technically, the double bottom pattern suggests a possible bullish reversal. The trade strategy involves entering at $0.78 to $0.84, with profit targets at $0.98 and $1.12. The stop loss is set at $0.684 to limit downside risk.
Long
by Richtv_official
RUNE Long Trade SetupCurrent Situation: BTC Trend: BTC potentially setting a bottom, which is usually a positive signal for altcoins. RUNE Technicals: RUNE is forming a double bottom at its range low support line. Historically, RUNE has performed well in bullish markets. Trade Strategy: Entry Point: Enter a long position in the range of $4 to $4.70. Take Profit Targets: First Target: $5.60 Second Target: $6.95 Stop Loss: Set a stop loss at a daily close below $3.80 to manage risk. Summary: With BTC potentially setting a bottom, RUNE is showing a strong double bottom pattern at its range low support. This presents a good buying opportunity if the bullish market sentiment continues. The strategy involves entering at $4 to $4.70, with profit targets at $5.60 and $6.95. The stop loss is set to trigger on a daily close below $3.80 to limit downside risk.
Long
by Richtv_official
HBAR: Approaching SupportTrade setup : Price broke below $0.10 support and 200-day moving average, which signaled resumption of downtrend. Price got oversold (RSI < 30) as it reached $0.07 support and bounced up. However, it needs to break back above 200-day MA to signal resumption of Uptrend. Previously, price got a boost from news that BlackRock will leverage Hedera Blockchain to tokenize its money market fund. 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 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 $0.07. Nearest Resistance Zone is $0.124, then $0.14.
Long
by altFINS
BTC at the bottom of week range!Bitcoin hit the bottom of the range ✅ Alarm was right pointing for range bottom at ~58k, as BTC dipped to 58414 on that move. Now the main question - is it over? Shortly - if you are a respected TA, you can't say so yet. Why? Because week candle is only developing, so we won't have any clarity till next week close at least. Day candle shown nice bearish impulse with long tail, which can be taken as a first step of a bounce pattern, but to confirm it we'll need another 1-2 Day candle to close. Which brings us back to the idea, that this week it's all about guessing, but no mindful conclusions. Week close above ~60622-59600 will increase chances for a bounce from range bottom. Close below will keep momentum to dip lower. That is the only thing we can say now for sure. Nearest liquidity pools: above - 61840 / 62440 / 63260 / 64920 below - 60235 / 59820 / 59460 / 58040 Lines on the chart: 🔸67577 - May close 🔸63195 - week open 🔸60651 - April close 🔸59112 - March low 🔸56537 - May low 🔸53245 - Nov'21 low Trend: D 🔽 W 🔼 M 🔼 🤑 F&G: 30 < 51 < 53 < 63 < 64
COINBASE:BTCUSD
by WiseAnalyze
#STGUSDT: Will It Plunge to New Lows or Soar Above Resistance? Yello, Paradisers! Are you ready for the latest on #STGUSDT? It's time to dive deep into the current market movements of STG. 💎#STGUSDT is under massive selling pressure and seems poised to descend further to the crucial support zone at $0.338. However, if #STG breaks out above the $0.44 - $0.48 resistance range, it could signal a strong upward trajectory and potentially hit our target without touching the support zone. 💎The support zone has a high likelihood of a rebound for #StargateFinance, as it hasn't been tested since STG's significant previous breakout. If NYSE:STG exhibits positive signals, like a bullish candle rejection within this zone, it suggests that the support is solid, and we could see an upward movement. 💎Conversely, if #STG fails to show positive signs in the support zone, it spells trouble. A breakdown here could drive the price down to the weekly Order Block (OB) at $0.299, where numerous buyers are likely waiting. The probability of a rebound in this OB is high, and reclaiming the support zone would keep the bullish scenario intact. 💎Should NYSE:STG fail to sustain above the OB area and break down further, we may see a continuation of the bearish trend and invalidate the bullish outlook. Trade smart, Paradisers! The next few moves in #STGUSDT are critical and disciplined strategies will make all the difference. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
AGIXUSDT Alert: Major Breakout Could Signal Strong Bullish Move!Yello, Paradisers! Did you see our recent prediction about #AGIXUSDT breaking above its resistance? Well, it just happened! Let's dive into what this means for your trading strategy. 💎#AGIX has successfully broken above the resistance zone at $0.6903, indicating a significant bullish potential. If AGIX holds this level, we could see a robust bullish movement. If the price maintains its momentum at this new support, there's a high probability of a bullish ride towards the next resistance zone at $0.9280. 💎Should #AGIX break above $0.9280, the next target is the subsequent resistance zone. Conversely, if the price fails to sustain momentum at the current support, we expect a potential bullish rebound from the lower demand zone around $0.6288. 💎Staying vigilant is crucial. Keep a close eye on AGIX's price movements. A breakdown below the $0.6288 demand area, confirmed by a daily closure, would challenge our bullish outlook and could lead to further declines. It's essential to remain patient and disciplined. Strive for consistent profitability by waiting for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
ALong
by MyCryptoParadise
1
BCHUSDT Will the Rebound Hold or Break Down?Yello, Paradisers! Is #BCHUSDT about to make a significant move? Let's break it down. 💎#BCH is currently showing a rebound, but it might just be a retest of the resistance before continuing downward to the support zone at $330 - $300. However, if BCH manages to break out above the $400 resistance, it could be a strong indicator that the price will continue upward, probability of hitting our target without dipping into the support zone. 💎In the support zone, there is a high probability that BCH will rebound since this area hasn't been visited since BCH made a significant breakout previously. If BCH shows a positive sign, like a bullish candle rejection in the support zone, it indicates that the support is holding, and the price could move upward. 💎On the other hand, if BCH fails to show positive signs in the support zone, this could be a bad sign. If the support breaks, the price might continue downward to the weekly Order Block (OB) at $256. There are many buyers in the weekly OB, so the probability of a rebound here is high. Reclaiming above the support zone would keep the bullish scenario valid. 💎However, if BCH fails to sustain above the OB area and breaks down further, the bearish trend will likely continue, and the bullish scenario will be invalidated. Trade smart, Paradisers, and stay disciplined! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
TIAUSDT Is a Major Rebound Coming?Yello, Paradisers! Are we about to witness a significant turnaround for #TIAUSDT? Let's dive in. 💎#TIA is showing a rebound at the Order Block (OB) area with a strong green candle. This could signal a bullish momentum for TIA, potentially reversing back to an upward trend. However, to continue this upward movement, TIA needs to break out of the supply zone at $8.2. 💎If TIA also breaks out of the descending resistance, the price is highly likely to move upwards significantly, possibly reaching our target. 💎If TIA fails to break out of the supply zone, the price might revert downward to retest the OB area at $6 - $5. This area is crucial and needs to rebound when hit. If TIA fails to sustain above the OB area and breaks down further, the bearish trend will likely continue, and the bullish scenario will be invalidated. If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
TRX: Resistance BreakoutTrade setup : Trends are mixed but improving. Price has made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. If it breaks above $0.125 resistance, it could revisit $0.14 next. Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Down and Long-term trend is 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 $0.11, then $0.10. Nearest Resistance Zone is $0.125, then $0.14.
Long
by altFINS
MKRUSDT Losing Momentum and Ready for More Downward Move? Yello, Paradisers! Are you ready for a high-stakes scenario with #MKRUSDT? We have analyzed the asset and it seems ready for more downward move: 💎There's a strong likelihood of a bearish continuation as the #MKR heads to retest its key support at $2088 within the descending channel. This level has held up so far, but the fading trading volume and 3 times rejections from the channel's upper level hint at a further price drop toward the highlighted demand zone. 💎If #MKR breaks the support level at $2088, we expect a retest of the demand zone below this level due to the continuous selling pressure. 💎However, if #MakerDAO does not break below the $2088 support and instead climbs, the retest of the descending resistance of the channel and the Bearish Order Block (OB) above it is possible. This zone has consistently attracted heavy selling pressure and will likely drive the price further down once touched. 💎Should #MKR revisit this critical demand zone, securing a rebound is vital. Failure to recover here could fuel bullish momentum and increase the chances of a breakout from the current descending channel. This move will automatically invalidate the short scenario. Stay disciplined and focused on your trading strategy. If you master these principles, you will already be ahead of most traders. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Simon
1