Alikze »»GRT | Bearish Flag Pattern🔍 Technical analysis: Bearish Flag Pattern
According to the analysis presented in the previous post, after the completion of corrective wave B, an upward wave in the form of wave 3 or C grew to the size of 1.272 fibo of the previous wave itself.
- Therefore, this rising wave can be labeled as wave one.
💎 According to the structure and behavior of the three-wave correction, an ascending log equal to 61.8 fibo of the previous wave has been returned.
💎 In addition, this return wave was in a channel and formed a descending flag. Therefore, the bearish flag pattern can also correct as much as the bar.
- This descending log can return at least 100% of the previous wave, which will be the range of 0.1446.
- If it continues and breaks it, it can extend to the floor of the channel and shopping area.
💎 Resistance zone: limit 0.39 and fibo 61.8 channel ceiling
💎 Alternate scenario: If the 0.618 Fibo area breaks to the upside, the bearish scenario will be invalidated and should be re-examined and updated.
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Strk
Starknet STRK price tamping the bottom "3"Most #STRK holders would probably like to see the blue scenario play out💙.
Because the pattern for an upward breakout in the price of OKX:STRKUSDT is quite good
and we would give this scenario a 60% probability of development.
And 40% for the red one ❤️. Because if the OKX:BTCUSDT price breaks below 65K towards to $61k, then the price of the #Starknet token will drop to $0.47, at best.
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Will StarkNet STRK revive from the dead zone? Hello, Skyrexians!
Today we have another one "perspective" crypto to overview. This is BINANCE:STRKUSDT token. Since Binance listing price dropped significantly and continue dropping now. Entire crypto market dump boosted the STRK sell-off. Today we will analyze in details this asset and try to understand will this coin pump or die. It's vital for successful cryptocurrency trading to consider all possible scenarios.
Looking at the most of ideas on this asset we can conclude that most of the crypto trading strategies gave the advice to buy this coin when price was above $1.5. Obviously, it's not profitable crypto trading strategies. Even automate crypto trading of most cryptocurrency trading platforms fails to predict the price of this asset because after dumping at 50% it continues dumping, which is not likely according to the most crypto trading algorithm. That's why most of automated trading bots and grid bot faced with losses for this asset.
The exception is the ai crypto trading bot which takes into account the Elliott wave, the key feature of successful crypto trading. Today we consider STRK price action using advanced technique. Let's go!
STRK dump structure
Let's use the 1D time frame to analyze this downtrend. Fortunately, it has the clear Elliott waves structure. Awesome oscillator helps us to find the most impulsive wave 3, this is the min value. After this the price formed the flat or triangle wave 4. If crypto has already significantly drop it tends to form the flat corrections without big retracement to the upside. This is because most of early bulls have been locked in their position and they shall be disappointed before reversal.
Now we can see three strong signs of trend reversal. Awesome oscillator crossed zero line after wave 3 bottom reaching, it has printed bullish divergence and the momentum now is upward. In most of cases these are enough to make a decision about the entering trade, but we will make the deep dive further in different indicators.
Alikze »» LINK| Descending channel🔍 Technical analysis: Descending channel
- According to the previous post , after not fixing in the green box, the second scenario was realized.
- In the daily time frame, it faced a correction after a movement cycle, which is currently moving in a descending channel.
- Now after the demand at the bottom of the channel and the green box area, it has broken the middle of the descending channel after the second collision.
- Therefore, it can continue the upward movement with pullback to the middle of the channel, up to the roof area of the descending channel.
💎 In addition, if it can break the supply area and stabilize above the 15.6 range, it will have the targets of 1.272 and 1.618 Fibo.
💎 Alternative scenario: Note that to continue the upward trend, it must be above the 12.5 zone, so if it stabilizes below this zone, it can touch the green box again.
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BINANCE:LINKUSDT
Alikze »» STRK | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a downward channel in the daily and 12H time frames.
- Currently, there is a demand in the green box and the bottom of the descending channel.
- After the demand in the green box area, it has re-entered the descending channel.
- According to the current structure, it can grow up to the middle of the channel and the range of 0.78 after the pullback.
- If it can stabilize above the 0.78 area, it can continue its growth until the neck line area and the supply area.
💎 In addition, if the green box is broken, the downward trend can continue up to the 0.39 area.
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BINANCE:STRKUSDT
Alikze »» TRAC | Pullback to Neckline🔍 Technical analysis: Pullback to Neckline
- The 8H and 12H frames are moving in a downtrend.
- Given the descending faithful, the return of the descending canal can be the broken structure to continue the descending route.
- If the money is on the line and cannot penetrate it and cut down the descending channel, it can continue the downtrend in the first step to 0.5859.
💎 Possible Scenario: Depending on the structure and behavior as well as the descending faithful, the scenario can be achieved until the green box and liquidity range can be achieved.
💎 Alternative scenario: Also, if it can cut the supply range and channel ceiling, it can test the next supply zone, which must have a stabilization top.
🛑 Resistance range: 0.83 - 0.805
🟩 Support range: 0.488 - 0.537
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Alikze »» ENS | Ascending channel🔍 Technical analysis: Ascending channel
- It is moving in an ascending channel in the daily time frame.
- It is currently located in the supply area and the roof of the channel.
- If it can be placed above the supply area and break the ceiling, it can touch the targets of 37.5 - 43.75.
💎 Alternative scenario: if it faces selling pressure in the supply area and the ceiling of the channel, it can have downward targets of 25 and then the middle of the channel and the green box.
🛑 Resistance range: 28 - 31.25
🟩 Support range: 18.75 - 22
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Alikze »» PENDLE | Triangle corner pattern🔍 Technical analysis: Triangle corner pattern
- According to the analysis presented in the previous post, after the inability to break the supply zone, it faced a correction and fell to the green box, which is currently a resistance to continue the path.
- Currently, a corner pattern is formed in the daily time frame.
- But now it can have two paths.
💎 First scenario : after a dynamic trigger retest, this failure can occur from the bottom and continue until the origin of the movement of the 3.90 correction range.
💎 The second or alternative scenario : if it can break the supply zone with buying pressure and retest the upper supply zone after hitting the dynamic trigger with a pullback to the supply zone.
🛑 Resistance range: 5.07 - 5.46
🟩 Support range: 3.90
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Alikze »» LPT | Pullback to the broken ceiling🔍 Technical analysis: Pullback to the broken ceiling
- In the 4H, 8H time frames, it is moving in an ascending channel.
- It is currently in the middle of the channel above the green support box area.
If it stabilizes above this area, it can continue up to the supply area and the ceiling of the growth channel.
💎 Alternative scenario: If the green box is broken, it can have a correction to the bottom of the channel with targets of 20.36 and then 18.75.
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High FDV Means Decline? ---- STRK
More and more tokens are choosing the mode of high FDV and low circulation ratio in the setting of TGE. The tokens that adopt this model have fallen. The most notable example is STRK. Starknet, as L2, started TGE in February.
As one of the representatives of ZK verification, STRK should have had strong market expectations, but the project team has adopted a radical tokenomic model. After TGE, STRK’s FDV reached US$10 billion, almost equal to the FDV of L2 head token OP. OP gained US$10 billion in FDV by virtue of its optimistic mechanism and the OP alliance built by the OP stack. At that time, Starknet's ecosystem was very poor and did not have the same strength as Optimism. So predictably a long decline has begun.
Although the daily level does not provide a signal due to insufficient data, TSB gives a SELL signal whether at 1h or 4h. Just like in the picture, at the 1h level, STRK continues to fall, and after approaching the wavy area, the short strength increases.
In summary, after understanding STRK's token economic model, you can use the TSB indicator to open short positions, which will bring you objective profits.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
STRK Striking a bullish scenarioSupport and Resistance Levels:
Primary Support: Located at $1.128.
Immediate Support: This is shown as a trendline moving upwards, intersecting current price levels around $1.20 to $1.28.
Weekly Resistance: Range from $1.33 to $1.40.
Primary Resistance: Located at $1.678.
Other Significant Levels:
$1.40 (Resistance)
$1.51 (Target after breakout)
$1.676 (Primary Resistance)
Indicators:
Stochastic RSI: Currently showing values of 54.37 and 46.95, indicating a neutral to slightly bullish momentum. If the %K line crosses above the %D line, it would suggest a stronger bullish signal.
Volume: CVD indicates healthy buying volume, supporting the potential for a breakout.
Trend Analysis:
The price has been in a consolidative phase within the weekly resistance range of $1.33 to $1.40.
The recent price movement shows an attempt to break out of this range.
If the price breaks above $1.40, it could signal a bullish continuation towards higher targets like $1.51 and $1.676.
Support Levels:
The primary support level at $1.128 is critical for maintaining the bullish outlook. A break below this could indicate further downside risk.
Immediate support is provided by an ascending trendline, which has been tested multiple times and is currently holding.
Resistance Levels:
Immediate resistance is at the weekly resistance zone ($1.33 to $1.40). A clear breakout above $1.40 is necessary for further bullish momentum.
The next significant resistance after the weekly zone is $1.51, followed by the primary resistance at $1.676 and $1.678.
Price Projections:
A successful breakout at $1.40 could propel the price towards $1.51 initially.
Further targets include $1.676 and $1.678 if bullish momentum sustains.
The chart suggests a consolidative phase with potential bullish breakout scenarios. Key levels to watch are $1.40 for breakout confirmation and $1.128 for support. The overall outlook remains bullish as long as the price stays above the immediate support trendline and primary support level at $1.128.
Important: Potential investors should carefully consider the risks involved in cryptocurrency trading.
Alikze »» JASMY | Ascending channel🔍 Technical analysis: Ascending channel
In daily time, 1D is moving in an ascending channel.
💎 According to the pullback to the broken structure and the major roof, this upward movement can continue until the next area and the roof of the channel.
Considering that it is currently in the middle of the channel, the candlestick above the area reinforces the bullish structure.
💎 Alternative scenario: In addition, according to the trading node in the range of 0.024414, which is also around the bottom of the channel, in case of a break, the correction zone can continue until the liquidity zone.
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Alikze »» STRK | Move to the roof of the descending channelIn the 4H time, after a mixed correction, it has reached the $1 range, after which it has faced demand.
💎 It is currently moving in a downward channel.
According to the current momentum in the region, the current demand is suffering.
In the next step, it can continue to grow up to the supply area and the ceiling of the channel, which is a dynamic trigger.
💎 If it breaks the supply zone, it can fill the FVG gap in the 4H time frame. Therefore, if you fill the gap and pullback to the broken structure, the next target will be the next supply area.
💎 Alternative scenario: If the demand area breaks downwards, which is also in the midline of the channel, this correction can be extended and extended to the bottom of the channel and the origin of the OB movement.
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STRK/USDT Ready for a Potential Surge | Positive Signs for STRK💎Attention Paradisers, a significant trading opportunity with #STRKUSDT is on the horizon as it challenges the upper bounds of a descending channel. With current momentum at the crucial support of $1.08, there's a promising chance for #Starknet to break through this channel.
💎However, if #STRK falters and fails to maintain momentum at the $1.08 support and slides below this level might signal a persisting bearish trend aiming for the next pivotal demand zone at $1.02. This zone is renowned for its capacity to initiate strong bullish responses due to its substantial liquidity.
💎If IDX:STRK revisits this demand zone, it’s imperative to achieve a decisive rebound to sustain support. Failure to do so could amplify bearish forces, worsen market sentiment, and potentially precipitate further price declines.
💎Keep your strategies flexible and your eyes sharp, Paradisers. Your ParadiseTeam is meticulously tracking and prepared to navigate you through the dynamic shifts in the #STRK market.
MyCryptoParadise
iFeel the success
What's your idea about Starknet ($STRK)?Buy at 0.45 $
Sell at 3 $
StarkNet ( IDX:STRK ) is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.
STARKNET (STRK)StarkNet, a layer-2 scaling solution employing state-of-the-art zero-knowledge rollups, aims to enhance Ethereum's scalability by enabling high throughput and reduced gas costs. This innovative technology provides a vital infrastructure for developing efficient and scalable decentralized applications (DApps).
Given StarkNet's strategic importance in Ethereum's ecosystem and its promising technology, the next price targets for STRK could be set at $2.00, $2.4, and $5.00. Traders might consider taking a position now. This trading idea is based on the anticipation of continued interest and investment in solutions that facilitate blockchain scalability, particularly as Ethereum evolves.
$STRK breakout Done
> Trading a descending channel pattern involves identifying a bearish trend where the price consistently forms lower highs and lower lows within a channel. Here's how you can approach trading this pattern:
1. **Identify the Descending Channel:** `The first step is to recognize the descending channel pattern on a price chart. Look for a series of lower highs and lower lows forming parallel trendlines sloping downwards. This pattern suggests a bearish trend where sellers are in control. Confirm the pattern by ensuring that the price touches both the upper and lower trendlines multiple times.`
2. **Entry and Exit Points:** `When trading a descending channel pattern, consider selling (shorting) near the upper trendline of the channel when the price reaches this level. This is where resistance is likely to be strong, presenting an opportunity to enter a trade with lower risk. Set a stop-loss order above the upper trendline to manage risk in case the price breaks out of the channel. Aim to exit the trade near the lower trendline of the channel, where buying pressure may increase, providing a potential opportunity to take profits.`
3. **Risk Management and Confirmation:**` Implement proper risk management techniques to protect your capital. This includes setting stop-loss orders to limit potential losses if the trade goes against you. Additionally, look for confirmation signals such as bearish candlestick patterns, negative momentum divergence, or other technical indicators aligning with the descending channel pattern to increase the probability of a successful trade. `
Remember, trading patterns carry inherent risks, and it's essential to practice proper risk management and conduct thorough analysis before making trading decisions. Additionally, consider using a combination of technical indicators and fundamental analysis to enhance your trading strategy and increase the probability of success.
(STRK) starknet tokenStarknet token on Base chain. Is it a viable contender in the future for cryptocurrency? I do'nt see why not. Why would coinbase add this token to their ... does Coinbase add or do people build on Base whether Base likes it or not? There was a problem with Binance Chain now BNB chain in the past with too many bad programs using BNB chain for their ill willed intentions.
Starknet STRK price is rising, when will be time to sell?Recently, the long-awaited Starknet airdrop took place. The last time there was such a hype around the project was probably during the Arbitrum airdrop
We don't have any STRK coins and don't plan to buy them in large quantities right now.
However, exchanges are now holding trading contests around STRKUSDT and you and we can earn money by fulfilling simple conditions for a small amount.
Trading contests on exchanges will provide liquidity to STRK and should reduce its volatility and sharp market price drain.
On the other hand, some users will still sell their coins at every price increase to cover the costs of obtaining this airdrop.
Therefore, purely subjectively, we have identified two zones on the chart:
- Selling zone - $2.50-$2.80
- buying zone - $1-$1.15
If this idea garners 50 likes, we will update it and compare the behavior of the ARB price after airdrop and listing on exchanges with the possible behavior of the STRK price.