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SHIB/USDT 1D. Current situation. Triangle. Breakout. Mems pump.SHIBA INU/USDT 1D. Daily chart. Middleterm trend - horizontal channel. Price is now being in the support zone of this channel. Symmetrical triangle formed. Price now broke out the resistance of this triangle. Accumulating as for now. Other memes are pumping one after another. Those coins often pump before market local correction. This one highly connected with doge, as the main memcoin. This, as the one of the most liquid, will likely pump the last(for example, now LADYS is pumping). Triangle has been forming for more then 300 days. Now broke out. Price is a bit higher than the previous accumulation zone(2021), after which there was pump. This idea is mostly for price monitoring and understanding what's happening on the coin. It's also very important as to count with enormous pump from the bottom(ain't seen on the chart).
Long
by Ivan3tt
ADA Cardano: Breakout after Breakout Hey Crypto Enthusiasts! 👋 It's time to zoom in on ADA Cardano, an altcoin showing some serious moves in the market! Let’s dive into the details and chart out the path ahead. ADA Cardano's Current Position: 📈 Recent Major Breakout! The charts are speaking loud and clear. 🎯 Heading towards a key target of 0.6844. Support and Resistance Levels: 🛑 Current Support: Firmly established at 0.52. 🧗 Next Big Leap: If we break past the current level, we’re eyeing a surge over 0.7 cents – a potential gateway to 1.19. Step-by-Step Analysis: 🧐 It's all about taking it one step at a time. Right now, focus on the 0.6865 target. ⚖️ Balancing expectations with market realities is key. Long-Term Outlook: 🚀 Potential for massive gains if specific resistance levels are breached. 📊 Watch for a steady climb towards our ultimate targets. Trading Strategy: 🌟 Don't rush in! Careful analysis and patience are your best allies in navigating Cardano’s trajectory. 📝 Keep an eye on the support levels and prepare for potential shifts in the market. Final Thoughts: 🌐 ADA Cardano is more than just numbers on a chart – it represents the pulse of the evolving crypto world. 👀 Stay tuned for more updates as we track its journey. Trade wisely, stay informed, and let's catch the next wave of opportunities together! 💙 One Love, Your Professor 💙
Long
by FX_Professor
BTC ₿ Broadening Wedge: A Forecast from Support TrendlineDear Respected Investors, For those familiar with our track record, the customary elements on the chart should provide a sense of familiarity. If you're new to us, let me offer a brief introduction. We specialize in educating individuals on creating their trading AI, often utilizing advanced charting tools like TradingView for explanatory purposes. This particular idea is a collaboration between AI and TradingView. From an AI perspective, this chart results from a sequence of trading bots using a technique known as boosting, employing a random forest algorithm to define forecast subsets. Simply put, the displayed chart represents the culmination of the latest bot's analysis, incorporating insights from all preceding bots in the sequence. The AI has identified a chart pattern known as a broadening wedge, typically signaling a continuation pattern. Assuming a bullish trend, this pattern suggests a continuation of positive momentum. The support trendline of the wedge, traced from local bottoms within the wedge zone, is noteworthy. The recent retracement to $35,800 aligns with this trendline. The potential upward movement could extend to the wedge resistance, marked by the upper blue trendline at $39,500. These two trendlines illustrate the broadening wedge on the chart. While our AI leans towards an optimistic scenario, it's crucial to acknowledge the inherent volatility associated with broadening wedges. Accordingly, we've set a stop-loss below the support trendline. We also encourage you to leverage all available safety measures. This isn't investment advice, so thorough research is recommended. If you find our work intriguing, we're open to sharing more about our AI's trading analytics with Santiment indicators and insights on training your AI to incorporate Santiment. Warm regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
CLV/USDT 1D. Idea. Downtrend channel. Wedge. Channel.This CLV/USDT 1D. Similar to VEGA in meaning of coins, but not in the chart. Under meaning i understand that these both projects coming from coinlist. On this coin CLV we see a big big downtrend channel forming. In this downtrend channel also a wedge forming. Right now a big volume coming in token recently, but there were not movement yet. Main trend - downtrend. Secondary - channel. Locally - wedge. Earlier there were attempts to break this falling wedge, but as for now we got back into it. Right now there's quite big horizontal channel began to form - shown on the chart. As soon as we break out from this maintrend downtrend channel - a huge potential is opened to 0.11818$ zone. POTENTIAL(!) price movement is shown. This is just a possibility - can work out any way. Also the liquid accumulation zone is shown on the chart with blue rectangle. Main point is to break the main downtrend channel, the resistance of which is shown with red. After we manage that(breakout and retest) - a big potential is opened. very likely it will happen(pump) with the market tendency, not by itself.
Long
by TradingTsar
SUN/USDT 1D. Main trend. Secondary. Local. All main details.Coin Sun. This is an altcoin from the TRX ecosystem. Other coins in this ecosystem are: NFT, JST, BTTC(BTT), TRX. On the backstage of XRP rise(China money partly) TRX class of assets also look very interesting. In this idea i'll share my view on SUN from TRX group of assets. From the beginning of the trading history coin has been dumping, which is basic for almost every altcoin. After reaching certain prices trend reversed and broke the main downtrend. After that the retest followed and that was also the moment of the beginning of big diamond forming. I remind you that diamond is a reversal of the trend pattern, also consider the timeframe it's forming on(the bigger the TF the stronger the formation). This diamond is forming already for something about 400 days. Local and midterm trends are shown on the chart. Also consider the volume spring shown, which means that there's a potential for big impulse soon. Local targets and zones are shown on the chart. Capitalization of this coin is 55m$ as for the moment of writing. So there's quite a potential of 10x on the high of the trend. This will be 666 zone...
Long
by TradingTsar
2
Could We Be on the Verge of Another Altcoin Bull Run?Traders, Quick update. I'm am seeing some interesting new price action on the alt charts that has not been observed for quite some time (over a year and a half). This new price action has me growing more and more bullish alts and has me questioning, "Could we be on the verge of a new altcoin bull market"? For now, this remains to be seen, but if what I am seeing can be confirmed, I think the answer for me will be a resounding "YES"! Let's take a look together.
Long
by stewdamus
A message in a bottle! Howdy fellas, We spent just over a week at the farm so I wasn't able to check much as we dont have internet there. Soon I will be testing Musk's starlink device, and I'll be really happy if that works out! Anyway, I was happy to see that no movement really happened and I didn't miss much. Looks like a lot of chop on lower timeframes while the weekly gathers enough momentum for a drop. Volume means everything and there hasn't been a lot of it, so I stand by the fact we have an imminent drop to the 28-30k range to begin with. Weekly rsi perfectly shows the hidden bearish divergence, and phoenix shows a confirmation of the green closing making contact with red rsi as well while going down so be ready. On the videos I posted before I mentioned the possibility of going to that fib line above 40k, and as much as that could still happen I think even a harder drop would concur after that. Anyway fellas, Im gonna leave this here for my records and wish you a good week. Trade thirsty, my friends!
Short
by mr_willmedina