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Support and Resistance

Cardano provides second chance before altseason startsHello traders, Cardano price declined on over 60% since March and lost almost all gains for the past year. Currently ADA is trading at very attractive price levels for long term buys. Considering that there might be new altseason coming soon I think that it's good time to buy ADA in mid or long term as it can repeat recent growth above 0.8 level easily. The main buying area located at 0.25 price level but I'm not sure if ADA drops there unless BTC will test 50k area again. If this happens then it will be perfect buying opportunity but even current levels are great for long term. For the bulls it's important ADA to break 0.4 resistance level and hold above. If this happens then we can expect continuation of the rise. Please, do not forget to boost this idea and leave your comments below, thanks.
by Real_CryptoRoy
22
Voxies up to 0.17?Hello, fellow traders! This is my analysis on Voxies (VOXELUSDT). 1️⃣ Analysis We see the price rebounding after reaching the key support level of 0.1304, ATL of the crypto. The current dynamics of the crypto market was able to boost this young crypto into a strong uptrend. 2️⃣ Expectations The price may rise up to 0.1776, where it will face resistance and revert. 0.1896 is where the major resistance holds. 3️⃣ Key approach Our first strategy is to enter long and take profit at 0.1770. Entering now may have some risks but I think we will meet the target in long term anyways. Crypto market is in a bullish trend, and we already saw two consecutive bullish candles after reaching the support level. But if you want to play it safer, you could wait until the price drops back to around 0.1418 and confirm the reversal. 4️⃣ Other approach Our second strategy is entering short at 0.1770. This, in my opinion, is a lot safer than our first strategy since the crypto is in its constant downtrend. After confirming the reversal, we may enter short. The target price would be 0.1304, our support level. 5️⃣ Considerations There are currently no news about Voxies. This crypto is very young and has low volume. You might want to consider this if are going to trade. React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. Nehemiah 9:26-31
Long
by QJEEE
Ethereum price rise might give green light to the new altseasonHello traders, Ethereum price started to recover after a prolonged fall. Ethereum recovery is on early stages and at the moment it's need more confirmations. ETH price slowly approaching its main resistance to date and it will be big test if the price manages to rise above it or not. In case if ETH manages to breakout above 3000 resistance area and hold there then we can expect continuation of the uptrend. But in case if ETH price fails to do so then we probably will see another correction to around 2400 area. I don't expect this correction to last long though. As we are approaching Q4 2024 I expect overall crypto market recovery and the main drivers of this recovery should be Bitcoin and Ethereum. One more thing, historically, every altseason begins from ETH price recovery and growth of ETH dominance, after that liquidity start to flow to other altcoins. I expect this to be true in Q4 2024. Please, do not forget to boost this idea and leave your comments below, thanks.
by Real_CryptoRoy
10
$BTC bottom and top targets. Top = $123-127k, bottom = sub $10kThis is the chart I'm using to guide the top and bottom of the cycle. Now that we've decisively broken above the bull/bear line, the next targets on the chart are $83-$86k and then $123k-127k. Those should be significant resistances where price will reject. If we make it up to the top resistances, I think that will mark the end of the cycle. As long as we don't break below $66k after touching those resistance levels, price will remain bullish. If we break below $66k, then the $9k bottom is possible. Simple as that.
COINBASE:BTCUSDLong
by benjihyam
$MARA sub $10 incomingThese BTC miners all look horrible. I don't know how anyone is convinced we're going higher here. If we look at the chart on the 3D, you can see that we've formed a lower high and price is rejecting the cloud. Should price get under $20.19, it would be extremely bearish as there is very little support below that level. I think price likely falls from here down to the trend line, then we consolidate and break that trend line and fall into the grey box. I'll only be a buyer in the gray box or if price can break back above $30.
NASDAQ:MARAShort
by benjihyam
28
AVAXUSDT's Next Big Move? Key Levels You Can't Ignore! Yello, Paradisers! Have you noticed the recent surge in #AVAXUSDT? Let’s break down what this market shift could mean for both cautious traders and risk-takers. 💎#AVAXUSDT has finally shown signs of life. After days of bearish pressure with consistent lower lows and lower highs, The market witnessed a significant structure break, indicating that bearish momentum may be losing its grip. Not only did it push above its previous lows, but it also broke out from a descending trend-line resistance, sparking optimism for potential upside movement. 💎AVAXUSDT has probability to pull back to a 4-hour demand zone between $26.31 and $25.79. If this area holds, we could see buyers stepping in for another push upward. 💎Eyes should be on the $25.18 to $24.64 zone. This level, aligning with the 0.5 Fibonacci retracement, is crucial for forming a higher low. A strong defense here could propel prices back into a bullish trajectory. 💎The first hurdle for AVAXUSDT lies around $29.40. If momentum sustains, a climb towards the major resistance zone at $31.61 and the stronger cap between $33.68 and $34.42 is on the cards. 💎Stay alert for invalidation. A 4-hour candle closing below $23.21 would signal a breakdown of this bullish outlook and could lead to further declines. 💎AVAXUSDT is at a pivotal juncture. If it respects the support zones, the path to higher resistance levels could open up, giving traders opportunities to ride the momentum. Conversely, a failure to hold these supports could shift the narrative back to bearish. Stay disciplined and monitor these levels closely. Remember, patience and strategic entries will always outperform rash decisions. Trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
SEIUSDT Poised for a Move? Watch These Key Levels Closely!Yello Paradisers! Could SEIUSDT be gearing up for its next significant run? After a bullish stretch during this market rally, SEIUSDT has pulled back, settling at a critical support zone. Let’s dive into why this setup could lead to an exciting opportunity. 💎#SEIUSDT has retraced to a major support zone that previously acted as resistance, located between 0.3527 and 0.3308. On the daily timeframe, the price has shown respect for this level, hinting at potential strength for a rebound. 💎Notably, a bullish deep crab formation is shaping up, with the D leg yet to be fully realized at 0.2962. This alignment with the ascending trendline further supports the case for a potential upward move once D completes. 💎If support holds and the bounce confirms, look for SEIUSDT to test 0.4079 as the first resistance. The next target lies at 0.4446, followed by a major zone between 0.4948 and 0.5195. 💎While the completion of the D leg at 0.2962 could be a deeper retrace scenario, the current action around 0.3527 to 0.3308 suggests there might be enough strength to propel the price higher without further dips. 💎The bullish outlook will be invalidated if SEIUSDT closes below the trendline and the D leg support level of 0.2587. Trade smart, stay vigilant, Paradisers, and remember—discipline and strategic patience are essential for navigating this market successfully. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
Cardano Show Started: +1,200% Against BTC Target in Sight Description: Cardano (ADA) vs. Bitcoin (BTC) on the weekly chart has broken out of a long-term downtrend, signaling a potential trend reversal. After a prolonged decline, ADA found strong support near historical lows and surged upwards, breaking through the descending trendline with a significant increase in volume. This breakout aligns with a projected target of 0.00006437 BTC, representing a potential upside of over 1,200%. If ADA can hold above the breakout level, this move could signal a major bullish phase in the ADA/BTC pair, with further gains likely if momentum continues.
Long
by anisKr25
Is a 70% crash to 20k for Bitcoin going to print ??This is a 3 week chart. Each candle print takes 3 weeks. This is not a forecast for tomorrow or the day after. This is months in the making. On this timeframe months pass until targets are realised. Regardless, there are some important signals now printing that require attention. When: 1) Stochastic RSI was above 80 AND then crosses down 50 (red arrows) AND 2) RSI 50 level confirms resistance once a breakout has printed (black circles) as it is now, you must watch for a confirmation of resistance. A and B had confirmed resistance in 2018 and 2019. 80% and 70% corrections followed. Point C in early 2021 was a false breakout only confirming in late 2021. A 75% correction followed. Look left. This chart is now either repeating years 2018 / 2019 or 2021. There are some important takeaways from all of this. 1) Whether it is a repeat of 2018 or 2019 or 2021, the bull run is over inside the next 6 months. There are far too many calls for higher highs into 2025 and beyond. That is not going to happen. 2) This is not a forecast for something that is going to happen right away. 3) The market top is not in yet. True. Market tops arrive with Euphoria not fear. 4) When this RSI resistance confirms, there will be no long opportunities in the market until 2027 at the earliest. Ww
COINBASE:BTCUSD
by without_worries
145
Should we buy #Ripple or not?If you want my opinion, have some #Ripple in your wallet, it's good for risk management, Ripple is very attractive at current prices, but it's a lazy rising or falling currency, it's currently stuck under a strong downtrend line. If this trend line is broken, we will expect a sharp price growth. The support trendline below the price is also valid, if not broken it could attack the 0.6 area to start and then test the 0.666 area in the second step. If these 2 levels are broken, the price has started to completely change its trend. And eventually it will reach 1 dollar.
Long
by Reza_kahe
7