DOGEUSDT Breakout: Major Rally or Another Trap?Yello, Paradisers! Is #DOGEUSDT recent breakout a true signal of a bullish trend, or just another trap? Let’s dive in and find out!
💎#DOGEUSDT has been in a downtrend for several days, consistently forming lower lows and lower highs. Recently, it made a descending resistance with multiple taps, and finally broke out from this descending resistance. This breakout might indicate a potential trend reversal, but let's break it down further.
💎DOGEUSDT swept previous lows, then broke market structure, pushing the price higher. This action suggests a probability to retrace to the strong demand zone of 0.1298-0.12064 to form a higher low.
💎The price will face minor resistance at 0.14687. If the volume supports the price movement, DOGEUSDT could head towards the major resistance zone at 0.16341-0.17122. There's an even stronger resistance at 0.19453.
💎If the price fails to respect the support and closes a daily candle below 0.11639, this would confirm the continuation of the downtrend.
Stay patient and disciplined, Paradisers. The crypto market is full of traps for the inexperienced, but with the right strategy and mindset, you can navigate it successfully. Trade smart, and always wait for the highest probability trading opportunities.
Stay focused and disciplined in your trading journey!
MyCryptoParadise
iFeel the success🌴
MCP
STXUSDT! Is the Next Big Move Coming? Find Out Now!Yello Paradisers! Are you ready to catch the next potential move in #STXUSDT? Let's dive into the latest analysis to see where the market might be heading.
💎#STXUSDT has been in a downtrend for several days, consistently forming lower lows and lower highs. However, we've recently observed a trend shift with the market breaking toward the upside and a new high being formed. There's a high probability that the price will revisit the demand zone between $1.72 and $1.622. This area is crucial for potential buyers to step in and push the price higher.
💎Another bullish probability is the formation of a falling wedge pattern. The price has broken out of this pattern and might retest the demand zone before making further upward moves. At $1.912, where we might see some selling pressure.
💎If the price holds at $1.912 and bulls maintain volume, A significant level to watch for potential continuation of the bullish trend. STX at $2.39 will be facing minor resistance ,if volume holds and bulls continue to gain momentum , the price at $3.029 could be a tough barrier to break through in the short term.
💎If the price fails to hold the demand zone and closes below $1.622, the bullish pattern will be invalidated, suggesting potential further downside.
Stay vigilant and ready to adapt to these key levels, Paradisers. This market requires patience and disciplined trading strategies. Trade smart and stay ahead of the game!
MyCryptoParadise
iFeel the success🌴
Urgent UNIUSDT Analysis: Is a Major Move Coming?Yello Paradisers! Is #UNIUSDT gearing up for a breakout or a breakdown? Let's dive into the details and find out!
💎#UNIUSDT has been a strong performer, establishing higher highs and higher lows, and it’s currently positioned just above its daily support level of $7.16-$6.607. UNIUSDT has probability to revisit the support zone. A successful Change of Character (CHoCH) here could propel it towards the most probable Daily Fair Value Gap (FVG), aligning with a minor resistance zone around $8.649.
💎If bullish momentum continues and volume surges, UNIUSDT will encounter significant resistance between $10.10 and $10.617. The Relative Strength Index (RSI) is currently at 41. We anticipate it might drop to around 28, forming a bullish divergence, which could signal a probability of upward movement. Recent price action also indicates a liquidity grab, including buy-side liquidity.
💎However, if a daily candle closes below $6.063, this would invalidate the uptrend as support will be broken out.
Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey.
Trade smart and avoid the herd mentality. By mastering your willpower and sticking to a robust strategy, you'll already be ahead of most traders out there. Keep pushing, and you'll find yourself in the winner's circle .
MyCryptoParadise
iFeel the success🌴
Could Injusdt's Latest Move Signal a Major Reversal? Yello, Paradisers! Have you noticed #Injusdt recent market activity? It's been a wild ride, making lower lows and lower highs for several days in a downtrend. But is there a glimmer of hope for a bullish reversal? Let's dive into the details! 🧐
💎#Injusdt has been caught in a relentless downtrend, characterized by lower lows and lower highs. However, the market structure recently experienced a significant shift with a break to the upside, resulting in a higher high. This move has brought some optimism among traders, suggesting a potential reversal.
💎After breaking out, the price retraced back to a previous resistance level, which is now acting as support. This is a crucial zone that traders should watch closely.
💎The price is respecting an ascending support line with multiple taps, indicating strong buyer interest at these levels. Currently, the price is positioned just above a critical support-resistance level, increasing the likelihood of testing the minor resistance zone at 29.72.
💎If the volume holds, there's a good chance the price may rally to the major resistance zone between 33.02 and 35.85. However, it's important to stay cautious.
💎If the price fails to maintain above the ascending support and closes below 22 on the daily chart, it will invalidate the uptrend, signaling a potential return to the previous downtrend.
Stay vigilant, Paradisers. INJUSDT is at a pivotal point, and the next few moves could set the tone for its medium-term trend. Always remember, disciplined trading and sticking to your strategy is crucial for long-term success. Keep a close eye on these levels and adjust your trades accordingly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
NEARUSDT: Critical Levels You Can't Afford to Miss!Yello, Paradisers! Are you ready for the next big move in the crypto market? Let's dive into the current situation with #NEARUSDT and see what might be in store for us.
💎#NEARUSDT has been showing signs of strength recently. After a prolonged period of lower lows and lower highs, it swept the previous lows and gained momentum, breaking the market structure by making a higher high. This bullish shift was reinforced as the price retraced to the 0.5 Fibonacci level, forming a bullish order block.
💎If the current momentum holds and the bulls stay in control, the price has the probability towards the initial resistance level at $6.452. A sustained bullish momentum might push the price to the major resistance zone around $7.068 - $7.513.
💎If the momentum fails and the price closes below $4.722, this would break the support and invalidate the bullish trend.
Stay vigilant, Paradisers. NEARUSDT is at a pivotal point, and the next few moves could set the tone for its medium-term trend. Always remember, disciplined trading and sticking to your strategy is crucial for long-term success. Keep a close eye on these levels and adjust your trades accordingly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Will SOLUSDT Break Out or Face Rejection? Find Out NOW! Yello, Paradisers! Have you noticed the recent formation in #SOLUSDT? It’s shaping up into an inverse head and shoulders pattern, a classic bullish signal. But what does this mean for our next move? Let’s dive in and find out!
💎#Solana has formed Inverse Head and Shoulders Pattern This pattern typically signals a potential probability reversal to an uptrend. Solana is facing neckline resistance at $152.18.If we break above $152.18, the next hurdle is $169.9-$176. Sustained volume will be crucial for breaking above the neckline resistance.
💎If Sol fails to break the neckline resistance, strong support lies between $139.6-$135.5. Bullish Order Block Additional support at $137.56 which is a strong probability of holding demand and bullish order block and facing then neckline resistance and strong resistance.
💎Invalidation Point The bullish pattern will invalidate if we see a candle close below $125.04.
Stay focused, patient, and disciplined, Paradisers. 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🌴
Seiusdt this can be a bullish momentum if Sei success breaks !Yello Paradisers! Is #Seiusdt about to break out, or are we in for a major reversal?
💎#Seiusdt is currently forming an ascending triangle, a bullish continuation pattern that's catching our eye. After several lower highs and lows, the price deviated from the ascending trendline but has since reclaimed it, shifting the internal structure to bullish. We've seen a higher high, with the price recently rejected from the resistance zone between 0.3370-0.3500.
💎The price has retracted and has probability to respect the trendline and demand zone between 0.2932-0.2828. This zone also aligns with the 0.5 Fibonacci retracement, acting as strong support. If the ascending triangle pattern breaks, Sei will face resistance at 0.382-0.398.
💎If the price doesn't respect the demand zone, the trend could weaken. The key invalidation point is a candle closing below 0.2598.
Stay vigilant, Paradisers! This could be a pivotal moment for Seiusdt. Ensure you're following disciplined trading strategies to navigate this potential breakout or breakdown.
MyCryptoParadise
iFeel the success🌴
Is ONDOUSDT About to Skyrocket or Dive?Yello Paradisers! Are you prepared for what could be the next big move in #ONDOUSDT? This coin has been in a downtrend for several days, but recent developments hint at a possible trend reversal.
💎#ONDO has made a significant internal structure break, indicating a potential shift from the downtrend. The previous resistance zone has flipped into support, and ONDO is now sitting just above the crucial support/resistance level at 1.07-1.032.
💎ONDO has had multiple taps at the descending resistance trend-line and has recently broken out successfully, retested, and is now sitting above it.
💎If the volume holds, ONDO has the probability to move towards minor trendline resistance at 1.20. Beyond that, it may face resistance at 1.29-1.345.
💎On the daily time frame, if ONDO fails to hold momentum and closes a candle below 0.963, it could signal a continuation of the downtrend, making the recent breakout a fakeout.
Stay alert and trade smart. Discipline, patience, and robust strategies are key to navigating these potential market moves. Let’s see where ONDOUSDT heads next!
Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey.
MyCryptoParadise
iFeel the success🌴
Can WIFUSDT Break Free from Its Downtrend? Yello, Paradisers! Are you ready for a potential breakout? #WIFUSDT has been in a downtrend for several days, testing the patience of traders as it sits on a robust daily support zone between 1.606 and 1.518. Here's why you need to keep a close eye on this pair.
💎#WIFUSDT is currently holding steady around the 1.606-1.518 support zone, a critical level that could determine its next move. The price action has cleared out buy-side liquidity, setting the stage for potential bullish momentum .After multiple taps, the 4-hour descending resistance has been successfully broken. This could indicate the probability of a new upward trend.
💎If the price retests, we might see it dip to 1.655 before encountering minor resistance at 1.7837. If the trading volume holds, WIFUSDT is likely to head towards the major resistance zone between 1.8827 and 1.9384.
💎This is a crucial moment for WIFUSDT traders. Keep your strategies tight and be ready for potential movements. However if the price fails to hold support and candle close below 1.4770 , will confirm downtrend continuation.
Stay vigilant, Paradisers! This could be a pivotal moment for Wifusdt. Ensure you're following disciplined trading strategies to navigate this potential breakout or breakdown.
MyCryptoParadise
iFeel the success🌴
BTC at critical levels- Will Bulls Prevail or Bears Dominate?Yello Paradisers! Have you noticed the recent action on #BTCUSDT 4-hour chart? BTCUSDT seeing a clear downtrend with several successful Breaks of Structure (BOS), culminating in a lower low. Let's dive deeper into the current setup and what it means for our next moves.
💎#BTCUSDT has been in clear downtrend with several successful Breaks of Structure (BOS), culminating in a lower lows. BTCUSDT has shown an internal shift, suggesting potential reversal zones ahead.
💎BTC pair is heading towards a bearish order block between 61827-63206. Rejection from this zone is highly probable, so keep an eye on this level.
💎BTC has been forming XABCD bat, with the D leg yet to be completed. This aligns with the bearish order block, adding to the potential rejection scenario. Minor Resistance is spotted at 63910, aligning with the X leg of the bat pattern. There is also a Major Resistance at 65303, a previous crucial support level.
💎If the daily candle closes above 65303, it could signal bullish dominance and potentially propel BTC to new all-time highs (ATH).
Stay vigilant, Paradisers. The market is presenting crucial levels that could dictate the next significant move. Discipline and strategic planning are essential.
Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey.
MyCryptoParadise
iFeel the success🌴
Urgent Update on PendleUSDT: Critical Support Levels and BullishYello, Paradisers! Have you been watching #PendleUSDT closely? If not, you might want to start now! The current market action is setting up for a potentially explosive move, and you don't want to miss it.
💎#PendleUSDT is currently oscillating between its swing low and swing high, respecting its established range. The key support zone lies between $4.33 and $4.11. There's a strong probability that the price will dip into this support zone before testing the resistance at $5.74 to $6.07.
💎PendleUSDT has successfully formed a bullish bat pattern, signaling a bullish probability. However, the D leg of the XABCD pattern has yet to be completed. This leg aligns with our support zone, reinforcing the potential probability for a bounce from this level.
💎The Relative Strength Index (RSI) is currently at 38.7, suggesting there's room for the price to move down to the oversold area of 28-30. This would be a positive sign for completing the D leg of the bullish bat pattern.
💎If the daily candle closes below $3.766, the bullish bat pattern will be invalidated as it would break the X leg.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Spotting Promising Signals for a COMPUSDT Rally💎The current long-term price action of #COMPUSDT presents an enticing opportunity. Taking a step back and examining the broader context, we can observe a compelling narrative. Following the formation of a double bottom pattern, there was a monumental breakout above the downtrend trendline in June. During this bullish surge, the price experienced an impressive 269% ascent, only to later retrace by approximately 80%.
💎What captures our attention is the intricate price action surrounding the 78.6% Fibonacci support level, where #COMPUSDT has meticulously crafted a double bottom formation. This pattern underscores the presence of robust demand, significantly enhancing the prospects of an impending upward movement.
💎Yet, at this juncture, #COMP has encountered a challenge in the form of a descending trendline, a barrier that must be surmounted for the price to sustain its upward trajectory. This is precisely what the MCP team eagerly anticipates—a breakout from this trendline that could trigger substantial price gains. In the event of such a breakout, we anticipate a remarkable price increase ranging from 65% to 80%. Notably, this aligns with the positions of two pivotal double Fibonacci resistance levels at $60.65 and $66.00.
💎Paradisers, the cryptocurrency market is heating up, and we are committed to keeping you informed about the most compelling opportunities that emerge daily. Stay tuned! 🚀📈
BAKEBTC Faces Critical Support💎#BAKEBTC is currently exhibiting robustly bullish price dynamics. A keen examination reveals a recurring pattern: the price consistently breaches the downtrend trendlines on the daily chart, signaling a sustained long-term uptrend.
💎At present, the price finds itself sandwiched between the supply and demand zones, predominantly trading at the lower boundary of this range. Of particular significance is the resilience of the 61.8% Fibonacci level, which has served as a robust support level, with the price hovering just above it for the past five days.
💎This pattern significantly augments the likelihood of an impending upward movement. If this materializes, the price could potentially ascend just beyond the supply zone, with a target set on the 127.2% Fibonacci retracement level. However, it's essential to remain cautious as long as the minor resistance at 430 satoshis remains unconquered by the bulls.
💎Should this resistance fail to yield to the bullish momentum, the downside risk persists. In such a scenario, the breach of the 61.8% Fibonacci support would set #BAKE on a continued downward trajectory, with its sights potentially fixed on the 78.6% Fibonacci support level.
SOLUSDT Price Challenge - Support and Resistance in Focus💎At present, #SOLUSDT exhibits a well-defined uptrend, characterized by the consistent formation of higher lows and higher highs. This pattern signifies a healthy upward trajectory. Moreover, a recent clean bounce off the uptrend trendline reaffirms the prevailing uptrend sentiment.
💎However, as we analyze the price action, it's imperative to consider both support and resistance levels. Notably, the $17.33 support level has demonstrated resilience and has been respected by the market. This support level acts as a crucial foundation for the ongoing uptrend.
💎On the flip side, we also need to keep a close eye on resistance levels. The Volume Profile resistance, situated at $20.67, is proving to be a formidable barrier. This price action suggests an ongoing short-term consolidation phase.
💎Another aspect to consider is that #Solana remains within the confines of a descending channel. This channel introduces an element of risk for further downward movement. As a result, bulls should maintain vigilant watchfulness over the descending channel and the Volume Profile resistance for signs of a potential breakout.
💎In the event of a breakout, #SOL may experience a swift ascent towards the 61.8% Fibonacci level at the psychologically significant price point of $27.00. It's worth noting that this level has previously shown indications of supply, serving as a significant price zone.
💎In summary, for #SOLUSDT and many other cryptocurrencies, the current phase calls for patience. It often emerges as the winning strategy. As we navigate this waiting period, diligent monitoring of key support and resistance levels is essential. 🕒
Examining HBARBTC Trend💎In the world of cryptocurrencies, #HBARBTC stands out as one of the coins that has managed to maintain a valid uptrend against Bitcoin. This distinction becomes evident when we observe the price consistently staying above the uptrend trendline. Currently, it's intriguing to see that the price is testing this trendline once again. This area holds the interest of buyers, although it's worth noting that it carries a degree of risk. Paradisers, always remember that patience and careful analysis are your allies in trading.
💎Adding to this, during the current month, we've witnessed a noteworthy development—a clean bounce off the 200 Simple Moving Average (SMA) on the daily chart. This moving average has effectively marked the 205 Satoshis level as a significant resistance point. While the temptation to buy may be strong, it's often wiser to await an upside breakout before taking action. At MCP, we will steadfastly monitor this prevailing resistance and exercise patience as we await a potential breakout.
💎In the event of a breakout, a new realm of opportunities emerges. We anticipate that, should such a breakout occur, #HBARBTC will set its sights on one of the double Fibonacci resistance levels, as clearly marked on the chart. However, in the mid-term, the coin is still navigating through a consolidation phase. The future holds the answer as to which direction this breakout will take us.
FLMBTC Next Bullish Signals💎A few weeks ago, #FLMBTC accomplished a significant feat by closing above a critical supply zone on the weekly chart, hinting at the possibility of a bullish reversal. However, it's crucial to exercise caution and seek further confirmations to enhance the probability of this outlook. Specifically, the MCP team is closely monitoring the current demand area. Should this area hold, it could pave the way for an upward surge, breaking through several pivotal resistance indicators. These key resistance points include the 50 Simple Moving Average (SMA), the downtrend trendline, and the Volume Profile resistance.
💎A notable observation is that all these resistance indicators have acted as formidable barriers during potential upward rallies. Therefore, the next significant bullish signal would be the breach of both the 50 SMA and the downtrend trendline. Subsequently, surmounting the Volume Profile resistance at 544 Satoshis would be a decisive turning point, potentially ushering in a long-term bullish trend. In such a scenario, we anticipate #FLM to embark on a journey towards the double Fibonacci resistance level around the 900 Satoshis area, signifying a remarkable 200% increase against #Bitcoin.
💎However, it's imperative to maintain a watchful eye on the current demand area, particularly on the weekly timeframe. If the weekly closing price dips below the critical level of 308 Satoshis, it would raise concerns of a prolonged downtrend or an extended consolidation phase.
NEOBTC: Exploring the Road to a Strong Long-Term UptrendToday, we will analyze the #NEOBTC pair, which is displaying promising signs of a potential bottom formation and a reversal in its long-term trend.
💎First and foremost, Paradisers, we want to draw your attention to the current demand area located near 0.0002776 BTC. Since September 10th, this support level has undergone two tests, and it's evident that this level has been respected. While this doesn't confirm that NEO's price has reached its bottom, such price action is noteworthy and often indicates the potential for a significant move in the near future.
💎However, for us to reasonably expect a strong upside move, #NEO must breach the 23.6% Fibonacci resistance. This level is of utmost importance and can be described as a critical resistance point. Historically, it has functioned as both a demand and supply zone. Currently, it coincides with the 200 Exponential Moving Average on the daily chart.
💎Going forward, the MCP team will closely monitor the price action of #NEO against #BTC, patiently awaiting an upside breakout. When and if #NEOBTC confidently breaks above the 0.0003286 BTC level, we will seriously consider a long-term buying opportunity. Such a breakout would likely indicate that NEO is poised to outperform Bitcoin and potentially ascend towards the 61.8% Fibonacci resistance.
💎Nonetheless, the rally might not conclude at this point, for if the price surges beyond the 61.8% resistance, the next target could be as high as 0.0007480 BTC. This level represents a double Fibonacci resistance, which could be regarded as the final upside target in the event of a sustained rally.
Stay tuned as we closely follow #NEOBTC's journey, ready to seize potential opportunities and keep you informed of significant developments! 🚀📈
#ELAUSDT's Path to 115% Upside Potential💎#ELAUSDT is currently in the process of forming an extensive triangle pattern when examined on the 3D chart. This pattern exhibits the diligent respect for the uptrend trendline on the downside and the recognition of the supply zone around $2.07 on the upside.
💎A prominent development that has garnered our attention is the precise rebound from the 88.6% Fibonacci support level at $0.87. Remarkably, this bounce aligns almost perfectly with the Volume Profile level. Concurrently, when we consider the 50 Simple Moving Average (SMA), the price has consistently maintained trading above it, with the 50 SMA often acting as a reliable support.
💎At the present moment, #Elastos has once again descended close to the 50 SMA. Given the indication of a clean bounce from the Fibonacci support and the historical significance of the 50 SMA as a buying area, the probability tilts favorably towards an impending upward move.
💎The nearest resistance point is evidently the supply zone near $2.07. However, should this level be overcome by the buyers, the potential for a substantial price increase becomes apparent. The ultimate upside target rests near the 88.6% Fibonacci resistance level. Should this resistance level be reached, it would signify a remarkable 115% growth for #ELAUSDT.
💎Currently, the MCP team's focus is honed in on the price action surrounding the 50 SMA. As long as the price maintains its position above this level, the bulls are likely to maintain control. Subsequently, as the price begins to ascend, our attention will shift towards the supply area, which we anticipate may transform into a demand zone. At this juncture, the buying opportunity may manifest with heightened probability.
💎Amidst the positive aspects for #Elastos, it's essential to acknowledge the potential for an extended consolidation phase, where the price will undergo retesting of the uptrend trendline. Conversely, the worst-case scenario would materialize if the price breaches below the 88.6% Fibonacci support, thereby invalidating this bullish outlook.
WAVESUSDT Mid-Term Forecast💎 Paradisers, let's delve into the intriguing realm of #WAVESUSDT, where the market has woven a tale of wide-ranging price dynamics throughout the year. Within this narrative, we encounter distinct boundaries—a formidable resistance zone dwelling near the psychological fortress of $3.00 and the emergence of a compelling double bottom formation, nestled around the $1.25 territory.
💎Notably, recent developments have brought us to a pivotal juncture. #WAVES found support around the 88.6% Fibonacci retracement level. Simultaneously, price action revealed a remarkable bounce off the downtrend trendline. The significance lies in this trendline's transformation, transitioning from a resistance to a supportive force in our journey.
💎 Presently, our charts tell a tale of a minor 88.6% Fibonacci level at $1.486, serving as a sturdy bulwark of support. It's within this context that our demand zone comes into focus, nestled comfortably between these two Fibonacci retracement levels, spanning from $1.40 to $1.50.
💎 As long as #WAVES remains above this defined demand zone and maintains its connection with the uptrend trendline, our perspective leans toward a mid-term upward trajectory. While the exact duration remains uncertain, this path could potentially yield a 28% price increase in the weeks ahead. Paradisers, remember that patience and discipline are your allies during the waiting game.
💎 Rest assured, the MCP team will continue to vigilantly monitor the price action, ever watchful for potential shifts in market dynamics. We are committed to providing you with timely updates that empower your trading decisions.
Stay engaged, stay informed, and let's navigate this #WAVESUSDT journey together with confidence and knowledge! 🌊
#TRUUSDT's Potential Uptrend with Fibonacci Play💎Today's spotlight is on #TRUUSDT. The token has recently anchored its support at the $0.030 mark, aligning nearly perfectly with the 78.6% Fibonacci retracement level. Before this stabilization, #TRU sketched out a double bottom pattern. This pattern, followed by a surge past the local resistance, hints at a possible trend reversal.
💎 What does this mean for traders? The scales now seem to tip towards an upward correction. As long as the price stays comfortably above the double bottom region, specifically above the $0.026 trough, we can anticipate a robust upward pullback.
💎 On the resistance front, our eyes are set on another 78.6% Fibonacci retracement level at $0.037. This level intriguingly mirrors the downtrend trendline, making it a key point of interest.
💎 However, a word of caution: The MCP team remains vigilant about today's low, marked by the Fibonacci bounce. A descent below this point might cast shadows on the prospective upward correction.
RNDRUSDT Promising Trajectory💎 On May 19th, #RNDRUSDT reached its highest point in 400 days, testing the $2.95 level. However, what followed was a persistent decline, resulting in a substantial 57% drop.
💎 A noteworthy aspect of this decline is the price action surrounding the 61.8% Fibonacci support level. Bulls have demonstrated resilience in defending this critical level. Simultaneously, a bullish divergence pattern has emerged on the MACD indicator, hinting at a potential trend reversal.
💎 Adding to the positive developments, last week witnessed a decisive breakthrough above the downtrend trendline by #RNDR. This represents another significant piece of the price action puzzle.
💎 With these factors combined, it becomes plausible to consider that the probability of an uptrend has significantly increased. As long as #RNDRUSDT maintains its foothold above the current support area, the prospect of a sustained long-term uptrend remains intact.
💎 A formidable resistance barrier looms at the psychologically significant level of $3.00, coinciding with the 161.8% Fibonacci retracement level. This implies substantial upside potential, amounting to nearly 140%. However, it's essential to recognize that such a robust move may unfold over weeks, if not months.
Triangle Breakout Signals Bullish Momentum for RUNEUSDT💎 Since its low in June, #RUNEUSDT has demonstrated impressive strength, boasting a remarkable 140% price surge. This performance places it among the top performers in recent times. Notably, the price journey broke free from a descending channel, catapulting from $1 to the psychological resistance at $2.
💎 Following this substantial upward move, a consolidation phase ensued. During this period, #RUNE established robust support at $1.385, corresponding to the 38.2% Fibonacci retracement level. Within the confines of this consolidation, a triangle pattern took shape. Recently, #RUNE decisively breached the upper boundary of this triangle, signaling a robust bullish sentiment.
💎 Simultaneously, the breakout extended beyond the confines of the previous descending channel. This demonstrated a compelling surge in buying pressure. As a result, it's reasonable to assume that the overall trend remains bullish. According to Elliott Wave theory, there appears to be potential for at least one more upward wave.
💎 Evaluating the factors at play, including the strength of the preceding uptrend, the presence of trendline resistance, and the 161.8% Fibonacci retracement level, we can anticipate #RUNE's next move. There is a high probability of #RUNEUSDT aiming for the $2.434 resistance area in the near future.
💎 Nevertheless, Paradisers, it's essential to remain prepared for potential range-trading and even short-term pullbacks before the uptrend fully resumes. Given the recent pace of growth, any uptrend resumption is likely to be relatively swift.
Charting the Path - KASUSDT Uptrend Story💎#KASUSDT has recently delivered an impressive performance, marking an almost 60% price surge since the month's commencement. This upward trajectory initiated following a bounce from the 50% Fibonacci support level at $0.032. Simultaneously, we observed a decisive rejection of the long-term uptrend trendline. These two pivotal events propelled the price upward, breaching the 50 Exponential Moving Average on the daily chart.
💎This price action underscores the credibility of a robust uptrend, significantly enhancing the likelihood of further growth. Consequently, #KASPA is poised to set its sights on one of the double Fibonacci resistance levels, situated at either $0.065 or $0.085.
💎However, prudent traders, or Paradisers as we like to call them, remain vigilant for opportune buying moments amidst the ascent. They avoid chasing the asset at its peak. Simultaneously, it's imperative to prepare for the scenario in which the price breaks below the recent support at $0.036. Such an occurrence would cast doubt on the continuation of the uptrend.
💎In light of these factors, implementing a sound money management strategy alongside clearly defined support and resistance levels is imperative for a well-rounded approach to trading.