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SOL (Solana): Descending TriangleTrade setup : Price has regained 200-day moving average, which is a sign of long-term Uptrend. Swing Traders: we would be buyers on pullbacks near $125-$135 support, which could be an attractive swing trend entry, with +30% upside to $160. Stop Loss (SL) level at $110. Trend Traders: wait for a breakout from Descending Triangle, ideally above $160 resistance, which could be followed by an upswing to $200. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Neutral. 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 $125.00, then $100.00. Nearest Resistance Zone is $160.00, then $200.00.
Long
by altFINS
Is OMUSDT Primed for a Bullish Reversal? What nextYello, Paradisers! Is #OMUSDT on the verge of a massive bullish reversal? 💎#OM is showing a high probability of bullish continuation from a strong support zone. We've seen #OM consistently respect the descending resistance, recently breaking upward and completing a retest phase. Currently, it’s approaching support at $0.7422, raising the probability of holding momentum at this key level and planning a bullish reversal. 💎If #OMUSD can successfully sustain momentum, there is a high probability it will break above the resistance at $0.9011 and make a robust bullish move, targeting levels above this resistance zone. The price has already tapped this support level and made a significant upward move. We're expecting a repetition of the same reaction at this support level. 💎However, as sagacious traders, we must consider all probabilities. What if the price fails to take an upward ride from the support at $0.7422 and loses momentum? In such a scenario, we are looking for a bullish rebound from the lower support at $0.6953. Breaking this support would clearly indicate that seller sentiment is in control, and #OM could drop significantly Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
LUNA2USDT Poised for Massive Breakout: Are You Ready?Yello, Paradisers! Have you been keeping an eye on #LUNA2USDT? If not, now is the time to pay attention to #LUNA2 because it's reaching a crucial moment. 💎#LUNA2USDT is currently trading within a descending channel, and we anticipate a significant bullish breakout from this pattern. Right now, #LUNA2 is approaching descending resistance, but the increasing volume and the support of the 50 EMA are strengthening the bullish outlook. 💎After a continuous month-long decline, $LUNA2 has reached an all-time low. This sets the stage for breaching the upper trend line of the channel. 💎If #LUNA2 fails to break the upper trendline, we might see a retest of the bullish order block at $0.338, a level that has historically provided strong support and bullish momentum. 💎Should $0.338 fail to hold, the next support level to watch is at $0.287. If this level also fails, we could see a continued downward trend for LUNA2. Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in this market. Stay focused, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
Major Bullish Breakout on the Horizon for JOEUSDT: Don't Miss!!Yello, Paradisers! Have you been watching #JOEUSDT lately? If not, you might want to pay close attention now. 💎#JOEUSDT is currently compressed between the falling wedge trendlines, setting the stage for a potentially massive bullish breakout. Right now, #JOE is facing descending resistance, but the increasing volume and the support of the 50 EMA are bolstering a bullish outlook. After a continuous month-long decline, J$OE has reached a critical liquidity zone. This is a prime setup for breaching the upper trend line of the wedge. If #JOE fails to break the upper trendline, we might see a retest of the bullish order block at $0.276, which has historically provided strong support and bullish momentum. Should $0.276 fail to hold, the next support level to watch is at $0.252. If this level also fails, we could see a continued downward trend for #Joe. Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in this market. Stay focused, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
FTM (Fantom): 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, ideally above $0.50 resistance, with +20% upside potential to $0.60 thereafter. Learn to trade key levels in Lesson 7. 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 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 $0.40, then $0.30. Nearest Resistance Zone is $0.62, then $0.80.
FLong
by altFINS
1
XTZUSDT Analysis: Is a Big Move on the Horizon?Yello Paradisers! Ready for another deep dive into the #XTZUSDT action? Let's uncover what's brewing and how you can navigate the market like a pro. 💎Currently, SEED_DONKEYDAN_MARKET_CAP:XTZ is sitting pretty within a crucial support zone at $0.740. This position hints at a potential upward swing, provided it maintains its current momentum. A breakthrough from this level could see it breach a major supply zone. 💎Reflecting on recent performance, SEED_DONKEYDAN_MARKET_CAP:XTZ has shown resilience. After hitting lower lows, it has managed to restore momentum and rebound to previous support levels. Now, it's crucial for SEED_DONKEYDAN_MARKET_CAP:XTZ to surpass the descending resistance and hold a strong position at the support. 💎This scenario significantly increases the probability of an upward move. The recent completion of the retest phase, coupled with a firm hold on multiple EMAs, suggests that SEED_DONKEYDAN_MARKET_CAP:XTZ is gearing up to surpass the descending resistance. 💎So, what's the game plan? Exercise patience and wait for a proper breakout above the resistance level before making any trade moves. As seasoned SEED_DONKEYDAN_MARKET_CAP:XTZ traders know, cryptocurrency markets are like strategic games. While the current bullish momentum is promising, it's wise to have a contingency plan (Plan B). 💎If SEED_DONKEYDAN_MARKET_CAP:XTZ fails to capitalize on this momentum and starts to decline, look for a rally from a lower demand level around $0.669. A breakdown below this point would invalidate the bullish outlook, leading to a significant price drop. Trade smart, Paradisers! Stay disciplined, patient, and focused. This is the only way you can make it far in your crypto trading journey. Be a PRO MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
Breaking Alert: Is RNDRUSDT About to Skyrocket or Plunge?Yello Paradisers! Is #RNDRUSDT on the verge of a major breakout or a sharp decline? Let's dive in to find out why this could be a game-changer for your trading strategy. 💎#Render is currently compressed between the falling wedge's trend lines. We are expecting a bullish breakout soon due to increasing volume and improving macro market sentiment. 💎If #RNDR is rejected by the upper trend line of the falling wedge, we might see a retest of the bullish order block (OB) at $5.81. This area has provided strong support for RNDR multiple times, as it is packed with liquidity. 💎Should CRYPTOCAP:RNDR fail to rebound from $5.81, the next level to watch is the lower support at $5.42. The probability of a rebound from this level is significantly higher. 💎If #RNDR continues to fall, the bears will take control, potentially leading to a bearish continuation. Stay focused, patient, and disciplined, Paradisers. Trade smart and avoid the herd mentality. MyCryptoParadise iFeel the success🌴
RLong
by MyCryptoParadise_Simon
3
TRX (TRON): Overbought at ResistanceTrade setup : Price is in an Uptrend. It made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. It's now approaching $0.145 resistance and getting overbought (RSI > 75), hence, we could see some profit taking in this area. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.145 to signal continuation of uptrend, or 2) pull back near $0.12 support for another swing trade entry in Uptrend with +20% upside potential back to $0.145. Pattern : Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is Overbought currently, based on RSI-14 levels (RSI > 70). Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.145.
Long
by altFINS
SOLUSDT Key Resistance Breached – What’s Next? Yello, Paradisers! Did you catch our recent prediction about #SOLUSDT breaking above its resistance? Well, it just happened! Let's dive into what this means for your trading strategy. 💎#SOLANA has successfully broken above the resistance zone at $140.78 and faced rejection from the internal supply at $151.18. Currently, the price is in a retesting phase. If #SOL holds this support level at $140.78 and maintains its momentum, there's a high probability of a bullish ride towards the next resistance zone. Interestingly, the price is sustaining a strong position above multiple EMAs, further strengthening the bullish scenario. 💎Should #SOL break above $151.18, 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 $134.77. 💎Staying vigilant is crucial. Keep a close eye on #SOL price movements. A breakdown below the demand area, confirmed by a daily closure, would challenge our bullish outlook and could lead to further declines. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
Is #DASHUSDT About to Skyrocket? Here’s What You Need to Know!Yello, Paradisers! Have you noticed the exciting opportunity brewing with #DASHUSDT? Let's dive in and see why this could be a game-changer! 💎We've witnessed #DASH breaking above a descending resistance, signaling a high probability of a bullish move. After overcoming this resistance, #DASH is now sustaining momentum at a probable support level of $25.13. If #DASH manages to break above this level and sustain its momentum, there's a great probability it will continue its bullish ride and aim for the internal resistance zone at $31.40. 💎The current market sentiment is bullish. Why? Because DASH has failed to make a new lower low and has instead sustained its momentum at support levels. But what if NASDAQ:DASH faces a strong rejection at the internal resistance of $31.40 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the demand level of $22.69. 💎During this phase, many inexperienced traders might rush to open short positions and get trapped. If the price breaks below the demand level at $22.69 and it turns into supply, it's time to plan short positions as the market could drop significantly. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey.Be a PRO. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
XRPUSDT Is XRP on the Brink of a Major Move?Yello, Paradisers! Are you ready to uncover the potential of #XRPUSDT's recent breakout? Let's dive in and see if this is the moment we've been waiting for. 💎#XRP has successfully broken out of its descending resistance with a strong green candle, signaling a potential bullish momentum to continue its upward move. This breakout is further confirmed by the RSI, which has also broken its resistance trendline. 💎However, the price hasn't retested yet, which means there's a probability that XRP will retest the support line at 0.4645 before continuing its upward movement towards the key resistance level at 0.567. A break above this level is required to maintain the upward momentum and reach our target area. 💎But what if XRP fails to break this resistance and faces a hard rejection? In that case, there's potential for the price to return to the support and move sideways within the support-resistance range. If XRP also breaks below the support line, it could be a bad sign, as the price might revisit the strong demand area at 0.411. 💎It's crucial for XRP to bounce when revisiting this strong demand area because it's an important level. If XRP fails to bounce and breaks the strong support at 0.411, the bullish invalidation will be confirmed, and the price will likely dip further downward. 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🌴
by MyCryptoParadise
2
LDO (Lido DAO): Approaching SupportTrade setup : Price is in a downtrend, trading well below its 200-day MA. It again got rejected at a stiff resistance area of $2.60 horizontal resistance and 200-day Moving Average. Swing Traders: pullbacks near $1.50 support, which has held a few times this year, could be a swing trade entry with +25% upside potential back to $2.20. or even $2.60. Stop Loss (SL) at $1.37. This is a higher risk trade setup since the overall trend is down. Lido (LDO) is the largest DeFi platform and a leading ETH liquid staking platform (see our on-chain analytics and research report) . 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 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 $1.50. Nearest Resistance Zone is $1.75, then $2.20.
Long
by altFINS
Trade Setup: Ethereum (ETH) Long PositionMarket Context: Ethereum CRYPTOCAP:ETH is expected to remain a strong trade in the coming weeks due to the ETF narrative. Two main factors support this belief: Institutional Inflows: Institutions are likely to provide seed money, ensuring strong flows into the ETH spot ETF. Reduced Selling Pressure: There will be less selling pressure from Grayscale’s ETHE compared to their GBTC, as ETHE shares will be converted into the ETH trust on a 1:1 ratio. Trade Setup: Entry: Enter a trade at $3,000. Take Profit: First target: $3,250 Second target: $3,530 Third target: $3,700 Stop Loss: Set the stop loss just below $2,900. Strategy Overview: This strategy hinges on the anticipated positive impact of institutional involvement and reduced selling pressure, positioning ETH for potential gains in the coming weeks. 📊 Monitor market developments and adjust your strategy as needed! #Ethereum #CryptoTrading #ETFNarrative 🎯
Long
by Richtv_official
BTCUSD: Held the 0.5 Fib, the Golden standard of this Bull CycleBTCUSD hit last week the 0.5 Fibonacci level coming off the recent Low (Jan 22nd) and held it. This makes it the new support level and technically keeps the outlook on the 1W timeframe neutral (RSI = 48.770, MACD = 4105.800, ADX = 40.148), which is encouraging. The reason is simple and has to do with Bitcoin's behaviour from the very start of the current Bull Cycle since November 2022. You can see on this chart that every correction was contained at or above the 0.5 Fibonacci level. More specifically we have had another three such events, two hit the 0.5 Fib and rebounded and one the 0.382 Fib. This makes last week's low a strong bottom candidate. Bitcoin's major bullish waves during this Bull Cycle have so far been three and rose by +100%, +95% and +90% respectively (first to last). Another 'modest' rise of +90% will hit the $100k psychological level and can technically take place before this year is out. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
THETA: Falling WedgeTrade setup : Price is in a downtrend, trading below 200-day moving average (~$1.87). However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for a breakout, above $1.80 level and 200-day MA to resume an Uptrend, with +40% upside potential to $2.50. 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 neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.95. Nearest Resistance Zone is $1.90, then $2.50.
Long
by altFINS
BBUSDT Breakout Alert! Critical Resistance Test AheadYello, Paradisers! Could #BBUSDT be poised for a significant move? Let's break down the key levels and potential scenarios. 💎#BounceBit has successfully broken out of a descending channel pattern, indicating a high probability of continued upward movement. After retesting the support trendline, the price now seems likely to rise toward the resistance level around $0.4808. 💎Historically, #BB has faced rejection twice at this zone, making a breakout crucial for confirming a shift back to bullish momentum. Should this breakout occur, the price could advance significantly, reaching our target at the strong resistance area. 💎However, if BB fails to break through the resistance and retraces to the demand area around $0.39, it will need to build new momentum for another attempt. Holding this demand zone is essential. A failure to do so could see the price revisiting the strong support area between $0.33 and $0.31. 💎A bounce from this strong support area is critical. If BB fails to hold and breaks below $0.31, it would invalidate the bullish scenario, increasing the probability of a further downward move. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
10