Continuation of the flat under the pressure of seasonal salesAnd so a difficult week is behind us, with overcoming the middle of the quarter. Against the background of positive factors, the week and the second half of the quarter opened above 2500, which provides market support and reduces the potential for decline. However, we have only come to a temporary consolidation of the market and it is too early to talk about a trend change to bullish. The final consolidation of the direction will take place in June. So far, the market has switched to seasonal sales from the 11th, as I warned about, and the bulls' task is to compensate for them. Technically, there is still a lot of potential for retest 2100-2150, which may happen in the coming week.
In an optimistic scenario, the new week will open above 2500. In this case, on Monday and Tuesday we will see insignificant sales again and the ether will not go below 2250 with a return to the hay in the second half of the week. In a more negative scenario, the week will open below 2500, in which case sales up to 2100-2150 are likely in the first half of the week, but with further purchases to 2500 due to the opening of the second half of the quarter above the level.
Today and tomorrow, there is a possibility of a wave of purchases, but I do not recommend keeping large-cap coins in operation, since seasonal sales in a negative scenario may last from mid-May to August, which will lead to their steady decline. Small-cap coins may show more significant growth impulses during this period.
We are also approaching the next assignment of the monitoring tag and delisting, which will have an additional impact on altcoins. So far, fantokens are in a good position, which successfully compensate for the drawdown of the altcoin index and are trying to grow, as they remain undervalued. I think they will remain interesting for speculators in the near future due to the drawdown of the rest of the altcoin market. ATM and city look the most interesting so far, which can continue to grow from their current positions, due to the lack of futures with active sales and the most oversold position. Under an optimistic scenario today and tomorrow, growth waves similar to acm are likely for them. Acm also has a high growth potential, but it may take time to accumulate with a retest probability of 0.75-90 before a new wave of purchases. Second of all, I am considering the alpine juv porto lazio. There is a possibility that binance will continue to add futures to fantokens every week, which will give new growth impulses.
In addition to fantokens, fio chess pivx adx quick, which remain in an undervalued position, can show a new wave of growth. I will be looking at them closer to the middle of the week.
Porto
Continuation of the PORTO trendAccording to porto, the picture resembles alpine, the goal is also to try to take the level of 1.5 with the opening of the second half of the quarter higher, which will create the ground for a stable trend immediately to 2.5. The main medium-term goal is the range of 2.5-3.5, where large volumes of purchases were previously left. I would like to note that the level of 2.5 is the threshold for the growth of volatility, and in case of its breakdown, any growth wave can give an impulse up to 5 and 7.5. If there is insufficient volatility, there is a possibility of a rollback to a 0.9-1.0 retest and a second attempt to take 1.5 by the beginning of the new month.
Porto Lazio adm city acm does not have futures on finance yet and may be added in the near future, which will cause a wave of growth up to 100%+ for these tokens. Together with this group, I am considering alpine for work, while the rest of the fan tokens are still in a more overbought zone.
A likely move by ALPINEToday, the market looks very optimistic. The week on air opened above 2500, which compensates for sales on a weekly schedule. You can continue to keep working on fantokens to maintain growth in a row. In the absence of a significant market drawdown, an additional wave of purchases of up to 70-100% from current levels is likely. Binance also continues to support this group of instruments by adding futures. There is a possibility of a new announcement regarding atm city acm tomorrow.
To date, the fan token group remains the most undervalued instruments on binance. In addition to ATM AND ACM, which are the most oversold among them, I am considering the work of ALPINE in connection with the recent addition of futures on binance and listings on several small exchanges. These factors can contribute to significant liquidity inflows and growth. A technical signal was also left for a breakdown of the strong resistance of 1.5, which will open the way immediately to 2.5. In an optimistic scenario, an attempt to open above 1.5 in the second half of the quarter can be expected in the next few days, which will pave the way for purchases until the end of the half-year. In a more negative scenario and a drawdown of ether below 1400-1500, there is a possibility of a slight pullback and an attempt to consolidate above 1.5 for ALPINE already in the last days of the month in order to open a new monthly candle above this level. This rollback will provide an additional opportunity to top up the position and make a profit. I would like to draw your attention to the fact that the main level for increasing volatility is 2.5, in case of a breakdown of which there is a possibility of a growth impulse to 5.0 and 7.5.
Probable bull run on fantokens. Attention to ATM and ASRAgainst the background of the current market situation, when the seasonal growth cycle is over and most large-cap coins will be prone to flat with a fall along with the tops, and weak projects are awaiting a new announcement of the assignment of a monitoring tag, there are few interesting tools for speculators except for the most oversold coins on the market. In addition to the coins from the delisting announcement, which have already shown good pumps and may give additional X's before the actual delisting, fantokens that have been in the bear market for a long time are extremely oversold. The bearish trend is almost over and the ground has been formed for major breakouts. ATM ASRS currently have the highest targets with a growth potential of up to 150% with medium volatility and up to 4-5X with high volatility. Lazio porto alpine city acm can also be considered for work with a potential of up to 70-80% with medium volatility and up to 100-120 with high volatility.
In this article, I want to consider ATM, which is in the most interesting position along with ASR. The main zone of the set of positions is the range of 0.900-1.075, from where the successful exit occurred. In case of consolidation above the curves and the 1.25 level, we can expect a sharp increase in volatility and a trading range of 1.25-2.5. Breakouts on fantokens occur extremely sharply. The potential can be assessed using the example of the February JUV pulse. There is an opportunity for momentum before the end of this month, that is, at the beginning of the week. Then, until mid-May, there is a negative period in which there may be a reversal of the ether to 1500, which may lead ATM to retest the formed trend line, or a range of a set of positions. The minimum level for the current issue is the range of 0.5-6, which can be reached in the event of a break in the ether at 1250, which is still unlikely. As the middle of the month passes through to the beginning of June, buyer activity will begin to increase and new opportunities will appear for a return to the trend line in case of its breakdown downwards, as well as for momentum. The main goal is to retest the range 2.1-2.5. In the event of a breakdown of the key 2.5 level, there is an opportunity for additional volatility growth up to the test of levels 5 and 7.5.
I would like to note that fantokens are extremely low-liquid and I do not recommend using a large position in the work due to the possible long accumulation before the breakdown, prolonged drawdowns in the absence of momentum in the buying season.
A new spurt of phantokensAgainst the background of the stable growth of chz since the network was updated with a 0.15, partnership with Grintafy and K-League, we can expect a new period of flourishing of the fantokens. Most of them have already given impulses, but these are only traces of the first long-term investments. Further, the probability of swinging and maintaining the trend is high. So far, asr and atm remain the most oversold, which have pressed close to the 3.5 level, opening the way to the 5-7.5 range. Asr has already shown a breakdown of this level, which gives support for purchases. In the future, the struggle for the opening level of the new month will unfold. At a minimum, we should expect a test 5 with an attempt to open a new month above the level. With sufficient volatility, there is a chance of a breakdown immediately to the medium-term target of 9-11. ATM has similar goals.
PORTOUSDT.1DBased on the market data provided, the PORTO cryptocurrency, which is priced against USDT, is currently trading at 2.427.
From a technical perspective, the Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day periods are 59.37, 70.37, and 63.69, respectively. This shows that the currency is neither in overbought nor oversold conditions, but it's close to the overbought territory on the daily chart (RSI above 70 is considered overbought).
The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator, is positive on all three time frames, indicating a bullish trend.
The Bollinger Bands (BB), which are volatility indicators, are at 2.478, 2.516, and 2.516 for the 4-hour, 1-day, and 7-day periods, respectively. The current price is below the upper band in all cases, suggesting it's not overextended.
The support levels, which are prices at which demand is expected to be strong enough to prevent the price from falling any further, are 2.382, 2.300, and 2.180 for the 4-hour chart, and 2.161, 1.863, and 1.815 for the 1-day chart, and 1.894, 1.720, and 1.537 for the 7-day chart.
The resistance levels, which are prices at which selling is thought to be strong enough to prevent the price from rising further, are 2.492, 2.617, and 2.694 for the 4-hour chart, and 2.166, 2.461, and 2.845 for the 1-day chart, and 2.637, 3.429, and 4.130 for the 7-day chart.
In my opinion, while the bullish trend is positive, the near overbought conditions on the daily chart could signal a potential short-term pullback. However, the strong support levels and positive MACD on all time frames suggest that the overall uptrend may continue. As always, it's important to factor in your risk tolerance, investment goals, and market conditions when considering investing in cryptocurrencies.
PORTO Basic Trend. Psychology. Volatility or super ticker?Logarithm. The time interval is 3 days. Cryptocurrency as an example. Cryptocurrency with high volatility (low liquidity) for dump/pump strategy.
Primary trend — horizontal channel.
Secondary trend — descending wedge.
Local trend — consolidation after a wedge breakout.
Line chart without “market noise” (volatility, squeezes).
Immediately want to note that low-liquid cryptocurrencies better still trade on liquid exchanges, otherwise you are already your deposit succumb to a huge risk trading on exchanges with a small total turnover of funds (survivability, competition).
Psychology. Volatility and market cycles are your friend, not the ticker name! .
Notice what % the price slippage was. This was leaked to the market by the creators of the phantik (just in case), everything can be tracked on the blockchain, any sale at any price is profit.
Everyone does it, but with such low liquidity, it's very visible on the chart as well as on the blockchain. It's not something "scary", it's normal behavior of smart people who "don't believe in crypto wrappers", not just someone else's, but even their own.
Unlike stupid market participants who determine the value of a particular cryptocurrency, with the help of a particular cryptocurrency ticker (legend of usefulness to the industry). Because of this, there are thousands of phantoms and such market participants make up whole herd sects (they are entertained by selling "nothing" and making real money on the belief in crypto projects).
I think every market participant has their own set of phonies in their portfolio. I'm sure a larger percentage of cryptocurrencies are the ones that "youtube and telegram bloggers are talking about" and not through their own independent analysis. But you have to realize that everyone's cryptocurrency combinations are different..... because there are more than 13,000 alts......
Generally, cryptocurrencies rise behind the general trend of the market, and some will occasionally "overtake the market" and then deflate to the general trend..... You can play around with this and "wait for the overtake". It is very important not to get attached to the ticker name (real or not real scam). The desire to get rich with a "special cryptocurrency" clouds the mind....
$PORTO/#BTC [#FC Porto Fan Token]: Super_TrendWe've detected a Super Trend pattern on the $PORTO / $BTC chart. The Super Trend indicator is showing a bullish trend, indicating a potential trend reversal. The next resistance key levels are at 0.00013911 | 0.0001452 | 0.00015736 and the major support zones are respectively at 0.00012695 | 0.00012088 | 0.00010872. We may consider opening a trade position at the current price zone at 0.00013419 and benefit from the trend continuation.
Technical Metrics :
Current price: 0.00013419
24H Volume: 7.1007 Ƀ
24H Price change: 1.598%
- Pivot Points - Levels :
Resistance: 0.00013911 | 0.0001452 | 0.00015736
Support: 0.00012695 | 0.00012088 | 0.00010872
Indicators recommandation :
Oscillators: NEUTRAL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth PORTOBTC technical analysis on > Tradingview TA page
FC Porto Fan Token (PORTO) formed bullish Gartley upto 12% moveHi dear friends, hope you are well and welcome to the new trade setup of FC Porto Fan Token (PORTO).
Recently we caught a nice trade of PORTO:
Now on a 4-hr time frame, PORTO has formed a bullish Gartley for another pump soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
FC Porto Fan Token (PORTO) formed Gartley | Good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of FC Porto Fan Token (PORTO) with BTC pair.
Our last successful trade of PORTO was as below:
On a 4-hr time frame, PORTO has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
FC Porto Fan Token (PORTO) formed Shark for another pump soonHi dear friends, hope you are well and welcome to the new trade setup of FC Porto Fan Token (PORTO) with US Dollar pair.
Previously after hardly hitting the sell target zone, the priceline dropped down.
Now on a 4-hr time frame, PORTO has formed a bullish Shark pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
FC Porto Fan Token (PORTO) formed bullish Shark upto 30% moveHi dear friends, hope you are well and welcome to the new trade setup of FC Porto Fan Token (PORTO) with US Dollar pair.
Previously we caught a nice pump of PORTO as below:
Now on a 4-hr time frame, PORTO has formed a bullish Shark pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Porto BUSDFirst of all fundamentals are good considering the Fifa World Cup is around the corner price can boost
Price Touched Key Level
Flipping POC and Holding above can reach the Black Lines as TP
If rejected can come to retest Key levels
If price drops from 4.96
can be bought or DCAed at discount key levels
PORTO is up 800% since MayPORTO is 800% off from it's bottom made in May 2022, not bad...
H&S pattern forming unless it can hold this diagonal and break up testing that resistance above. If the bear market continues, I don't know how this will keep going up and not break down eventually.
Relative strength on PORTO is wild though, this is what you want to see.
Take note for next bullrun...
V
PORTO +282% after BULL signal 🚀🚀 Retrace imminent?PORTO pumped 282% (green price range) after the bull Supertrend Ninja - Clean signals (green vertical line on the background).
RSI at 88 is overbought. I do not see any bearish divergences forming on the RSI Brown or RSI on this chart. Although I expect a retrace to be likely before another run up. It really depends on BTC going sideways instead of going down more. If we take a look at the Average Directional Index ( ADX DI) its still in the bullish zone. Currently PORTO is way above its Basis Bollinger Band , Band Basis 20 Period SMA . And above the LSMA as well.
A healthy retrace first, before another run up to is a possible scenario. But it most likely needs BTC to go sideways for this to happen. Buying here is NOT recommended. Support and resistances are highlighted as grey and light green horizontal blocks.
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
#PORTOUSDT Trayding planHi friends!
In this idea, I describe the reasons on the basis of which I consider trading in one direction or another.
1) Slow approach to resistance level;
2) There is energy to continue growing;
3) There is a power reserve;
4) The coin looks better than the market;
5) Parabolic rounding;
On the breakdown of the resistance level of $5.66 and the price fixing above it, I expect a good growth.
Target: $9.18
The trading system includes losing trades, do not forget to set stops and calculate risks correctly!
All profit!
FC Porto Fan Token (PORTO) formed bullish Gartley upto 19% moveHi dear friends, hope you are well and welcome to the new trade setup of FC Porto Fan Token (PORTO) with BTC pair.
Recently we had a very nice trade of PORTO:
Now on a 4-hr time frame PORTO has formed another bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade