HelenP. I Bitcoin will make retest and then continue to declineHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see, how the price trades inside the resistance zone, but later turned around and dropped to the support level, breaking the 64000 level. After this, the price tired to grow, but failed and in a short time declined below a support level, which coincided with the support zone and fell until the trend line. Next, BTC turned around and started to grow, and later backed up to the 57500 level, broke it, and continued to move up next. But later it made a correction to the trend line, which coincided with the support level and then rebounded up to the resistance level. Price some time traded near this level and then broke it, after which rose even higher than the resistance zone. But a not long time ago BTC turned around and dropped to the trend line, which coincided with the 64000 level and recently broke it. Now, I expect that BTCUSDT will make a retest of the trend line and then continue to decline next, therefore I set my goal at 60K points. If you like my analytics you may support me with your like/comment ❤️
USDT-D
Bitcoin can decline a little and then start grow to 64500 levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price entered to range, where it at once dropped to the support level, which coincided with the buyer zone and then rebounded up. In a short time later, BTC reached a resistance level, which coincided with the seller zone, and then turned around, after which it started to decline. BTC declined to the 57000 support level, and broke it, thereby exiting from range, but soon turned around and started to grow inside the upward channel. Inside the channel, the price reached the 57000 level again, broke it, and continued to move up next. Some time later BTC reached a resistance level, which coincided with the seller zone, broke it, but quickly turned around and dropped, breaking the 64500 level and exiting from the channel also. Now, BTC continues to decline, so, I think that price can fall a little more and then start to grow to a resistance level. For this case, I set my TP at a 64500 resistance level. Please share this idea with your friends and click Boost 🚀
Bitcoin (BTC/USDT) 4h timeframe TA+Trade plan by BFDescending Broadening Wedge
Pattern Description: This is a bullish reversal pattern. As shown, the price of Bitcoin is testing the support line of the wedge, which typically suggests that a breakout to the upside might occur after the completion of the pattern.
Potential Breakout: The chart indicates a potential breakout above the upper boundary (resistance line) of the wedge, possibly signaling the beginning of an upward move.
Key Support and Resistance Levels
Support Levels:
60,301.68 USDT: This is a near-term support zone where price could find buyers if it revisits these levels.
53,988.89 USDT: A deeper support level shown on the chart, which might come into play if Bitcoin faces a significant sell-off.
Resistance Levels:
64,591.15 USDT: A strong resistance zone that Bitcoin would need to surpass for a sustained upward move.
68,556.87 USDT: A higher resistance level that could become the target in the case of a breakout.
Indicators Analysis
VMC Cipher B Divergences: It appears to show divergence. A green dot below indicates potential bullish divergence, suggesting price may increase soon.
RSI (Relative Strength Index): The RSI is at 31.48, which indicates oversold conditions. This level usually implies that the asset is undervalued, signaling a potential buying opportunity.
Stochastic Oscillator: The stochastic reading is at 23.61 (blue line) and 20.43 (red line), indicating oversold conditions as well. This adds further strength to the bullish argument, aligning with the RSI's signals.
HMA (Hull Moving Average): The HMA histogram shows green bars, suggesting a bullish trend might be forming or momentum is starting to shift to the upside.
Trading Plan
Long Position Setup
Entry:
A breakout above the resistance line of the descending broadening wedge would be the ideal entry signal. You may consider entering around 61,750–62,000 USDT.
Take Profit:
First take-profit target could be around 64,591 USDT (resistance zone).
If momentum is strong, a secondary target can be set around 68,556 USDT.
Stop Loss:
Place a stop loss just below the recent low at 60,000 USDT, as a break below this level would invalidate the bullish wedge pattern and signal further downside.
Alternative (Cautious) Approach
Wait for confirmation of a breakout with a strong candle close above the wedge's resistance line, paired with bullish indicators on lower timeframes (e.g., 1-hour chart).
Risk Management:
Risk no more than 1-2% of your portfolio on this trade, adjusting position size accordingly.
Final Considerations
Monitor for any false breakouts as Bitcoin could retest the wedge's resistance line before confirming the breakout.
Keep an eye on volume; a breakout with strong volume increases the likelihood of the wedge pattern playing out successfully.
Bitcoin Dominance Chart Update !!The Bitcoin Dominance Weekly Chart presents a comprehensive long-term view of BTC dominance.
Bitcoin dominance is moving within a long-term rising channel. The upper and lower trendlines of the channel have been tested multiple times, indicating a well-respected structure.
BTC dominance is approaching a key resistance zone between 57-58%. This zone has acted as both support and resistance in the past, as highlighted by the yellow box.
The recent upward momentum suggests a potential challenge of this resistance zone, but failure to break above it could lead to a reversal.
If BTC dominance is rejected from this resistance, it could start trending downwards within the channel, potentially retesting lower levels around 40-45% (as indicated by the red dotted line).
A decline in BTC dominance could signal strength in altcoins, as capital may flow from BTC to other cryptocurrencies.
If Bitcoin dominance breaks above the 58% resistance zone, we could see further gains up to the next major resistance near 64-65%, as suggested by the green dotted line.
This breakout would signify BTC outperforming other cryptocurrencies, potentially signaling market consolidation around Bitcoin.
This weekly chart is critical for understanding broader crypto market movements, as BTC dominance plays a key role in determining capital flows between Bitcoin and altcoins.
Would you like any further details or adjustments to this analysis?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
USDT Dominance Rebounded from the Support!Hello Traders,
I hope you are all doing well.
USDT dominance has rebounded as per our previous analysis. It bounced perfectly off the 5.20% support trendline, causing BTC and other altcoins to drop.
If the dominance continues to rally from here, be prepared for a significant market crash. On the positive side, this could present a good opportunity to buy BTC and some altcoins at lower prices.
For now, consider staying in USDT and avoiding high-leverage long trades. Be cautious and always conduct your own research before investing.
Thanks.
USDT.D Wyckoff Distribution Profile - Bullish Q4 Upon UsUSDT.D Distributing as BTC accumulates.... The Perfect Storm and great times ahead in Q4 are upon us!
As BTC sets up in its accumulation range near perfectly aligned to the accumulation schematic i shared prior.
USDT.D is setting up near perfectly according to the Wyckoff distribution schematic too, which is no surprise as their relationship is inverse.
A pullback is needed and forming in the market, forming phase 3 of the profile into last points of support and last points of supply.
Phase D to follow - The expansion out of the range, leading us into a beautiful Q4!
Just as BTC looks to be in an accumulation range, USDT.D looks like its forming a local distribution range as expected at these levels and as ive said plenty of times prior.
When I delve into the daily TF it becomes more apparent and easier to see, just like it is on the BTC accumulation range.
USDT.D has pushed into the FVG i was looking at and come lower into the range lows and closed bearish on the daily below the prior swing low indicating weakness.
USDT.D is naturally having a pullback now after taking SSL and filling all the FVGs in the range, and BTC and the market is also having a pullback as this trends up with it being inverse.
As im seeing this as a distribution range, i expect this to push back into the upper bound of the range into supply and form a last point of supply in a distribution profile, before continuing bearish pro trend and truly breaking to the downside throughout Q4. This is the same as my BTC analysis where im looking for a BTC pullback into a LPS before continued upside into new ATHs.
This in turn sets us up for a bullish Q4 in the market as USDT.D breaks down bearish pro trend and into the HTF targets around 3.73%, whilst BTC pushes into new ATHs alongside a bullish market.
We are not prepared enough for whats to follow 🚀
Usdt Dom & Where is the market going on?Usdt Dom 1D chart;
First of all, we see that it is at the bottom level within the ascending channel.
If it closes below the level I indicated as +OB, the trend direction will change downwards.
However, since this has not happened yet, we cannot say that this chart will fall.
It is exactly this level that makes me think the most.
So what exactly am I waiting for?
If the day closes below +OB, a decline may come down to the white trend line at the bottom. This is exactly the 3.23% level. If this happens, I will not delay my purchases.
However, if it sticks to the trend channel it is in and an upward reaction comes from here, it is possible to rise up to the 6% level first.
Now you know exactly what this means.
$USDT.D chartOne compelling metric to help make decisions when buying or selling crypto assets is the CRYPTOCAP:USDT.D chart (Dominance of CRYPTOCAP:USDT over other assets). Accordingly, the higher the indicator, the more money flows into CRYPTOCAP:USDT from other crypto assets.
Looking at the two graphs, it's hard not to notice a simple pattern: the higher CRYPTOCAP:BTC , the lower CRYPTOCAP:USDT.D , and vice versa.
CRYPTOCAP:USDT.D is currently testing the important level of 5.26%. Accordingly, money will now be transferred from crypto assets to $USDT.
This is a +1 factor, and it's time for a CRYPTOCAP:BTC correction.
If you like the content, become a ❤️ and invite your friends.
GRT New Bullish Impulse StartedGRT has had two significant bullish impulses over the last two years. With price action picking up again over the last two weeks, I'm betting that we're seeing the start of the third GRT impulse.
Note the bottom dotted support line. This has held for the last two years, and is likely to do so for the time being.
I'm looking for a move towards 1$. Stop below the recent swing low.
HelenP. I Bitcoin can rebound up from support zone to $67KHi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price rose to support 1, which coincided with the support zone, broke it, and even rose a little more. But soon it turned around and started to decline inside the downward channel, where it broke support 1 again and fell to support 2. Soon, BTC broke this level too and dropped to the trend line, after which turned around and started to move up near the trend line, exiting from the downward channel. Price quickly rose to support 2, broke it, and even rose a little higher after this, but later BTC made a correction movement below the trend line. After this movement, the price rose higher than the trend line and continued to move up to support 1. When BTC reached this level, it broke it and some time traded in the support zone, until it broke the trend line one more time. A few moments ago BTC bounced up to this line and at the moment trades very close to the trend line. In my mind, BTCUSDT will correct to the support zone and then rebound up to the trend line. Then it can break this line and continue to move up, therefore I set my goal at 67000 points. If you like my analytics you may support me with your like/comment ❤️
USDT.DOMINANCE 1DAY CHART UPDATE !!The chart displays an ascending channel (white lines) where USDT dominance has been trending upward since around April. The price has touched both the support and resistance lines multiple times, indicating that USDT's dominance is respecting this pattern.
Currently, USDT dominance is at 5.27%, near the lower bound of the ascending channel. The chart suggests this is a potential support level, and the price may bounce from here based on previous behavior.
The yellow line could represent a moving average, which is currently sloping upwards, further supporting the potential for a continued increase in dominance.
The green curve suggests a possible bullish path, leading USDT dominance to potentially rise to the 6.60% level, possibly aiming for the 7.00% mark as indicated by the upper brown box.
The brown zone around 7.00% has historically been a resistance level. The area between 4.56% (orange line) and the lower red zone has acted as significant support.
This suggests a likely increase in USDT dominance in the coming weeks, with a potential upside toward the 6.60-7.00% zone. Would you like a more detailed interpretation or further analysis of its potential market impact?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
TOTAL3-USDT - RISK ON - ALTSEASON IS HERE!This will be the most important Weekly Close of the cycle for Altcoins.
TOTAL3-USDT has shown a “3 White Soldiers” pattern and broken out of its Bull Pennant and Bull Market Support Band.
RSI has also flipped bullish.
The last time this happened Q4 2020, Alts ripped ~1,100% over a 1 year period.
This rally has been fueled by the Fed announcing a massive 50 Bps Rate Cut, with PBOC doing the same shortly after.
More rate cuts are expected November 6th and December 17th to push risk even further.
Get ready for all your normie friends to start messaging you asking for crypto advice.
I personally have experienced this the past week.
AAVE Triangle BreakoutAAVE has successfully broken out of a triangle pattern, confirmed with strong volume, signaling a potential bullish continuation.
🎯 Target: The next major target is the resistance level. This aligns with historical price action and provides a solid opportunity for further gains.
Why Aerodrome Finance (AERO) Will Be A Top 20 CryptocurrencyAfter diving deep into Aerodrome's whitepaper and dApp, it's become crystal clear that AERO is destined to become a top 10-20 market cap token. The fundamentals and long-term prospects are so strong that, honestly, if it doesn't reach that point, I would be shocked. Here's why:
1. Massive Liquidity and Total Value Locked (TVL)
AERO has an insane amount of liquidity and demand, and it's only growing:
Aerodrome's TVL recently hit $1 billion, a massive milestone.
The BASE chain, which AERO is built on, has reached $2 billion in TVL for the first time ever.
AERO is currently ranked #32 in TVL across the entire crypto ecosystem—out of thousands of tokens.
It's only a matter of time before AERO climbs into the top 20, maybe even the top 10 or top 5 in terms of TVL.
This level of liquidity is crucial for several reasons:
It provides stability and reduces slippage for traders.
It attracts more users and projects to the ecosystem.
It demonstrates strong confidence from investors and users.
2. Innovative Tokenomics and Yield Generation
Aerodrome's tokenomics model is designed to encourage long-term holding and participation:
Users can lock AERO tokens for up to four years, receiving boosted rewards.
This lock-up mechanism could potentially create supply squeezes, driving up the token's value.
The protocol offers incredible yield options, making it more likely that users will continue to lock up their tokens.
With these crazy yield options, it's truly surprising that more people haven't caught on yet.
3. Strategic Position on the BASE Chain
Aerodrome's role as the largest DEX on the BASE chain provides several advantages:
BASE is one of the fastest-growing chains in crypto, with over 1.3 million active addresses—more than any other EVM chain, including Ethereum.
As the "unofficial token" of BASE, AERO is well-positioned to benefit from the chain's rapid growth.
BASE's low fees and high liquidity make it attractive for DeFi users, potentially driving more activity to Aerodrome.
4. The Coinbase Factor and Marketing Potential
The connection to Coinbase through the BASE chain is a game-changer:
Aerodrome is already listed on Coinbase, providing exposure to a large user base.
As Coinbase's layer-2 solution, BASE is likely to receive substantial marketing and development support.
When Coinbase decides to push BASE hard, AERO will be right at the center of it, benefiting from Coinbase's massive resources and marketing power.
5. Comparative Market Analysis
When comparing Aerodrome to other successful DEXes, the growth potential is enormous:
Uniswap, a leading DEX, hit a $20 billion market cap at its peak.
If Aerodrome were to achieve similar success, it could easily match or exceed this valuation.
6. Technological Innovation and Development
Aerodrome continues to innovate within the DeFi space:
The protocol has implemented advanced features like concentrated liquidity and multiple fee tiers.
Ongoing development and upgrades could further enhance Aerodrome's competitive edge.
The team's ability to adapt to market needs and introduce new features will be crucial for long-term success.
7. Community and Ecosystem Growth
A strong and engaged community is vital for any crypto project:
Aerodrome has been gaining traction on social media platforms and crypto forums.
The number of unique addresses interacting with the protocol has been steadily increasing.
Partnerships and integrations with other DeFi protocols could further expand Aerodrome's ecosystem.
8. Potential for Major Exchange Listings
As of now, AERO has yet to be listed on some of the largest cryptocurrency exchanges:
AERO is not currently available on major platforms like Binance and Bybit.
Listing on these exchanges could potentially provide a significant boost to AERO's liquidity and accessibility.
The increased exposure from major exchange listings often leads to heightened interest and trading volume.
Early adopters who invest before major exchange listings often stand to benefit the most from potential price appreciation.
9. Exclusivity to BASE Chain: A Strategic Advantage
Aerodrome's decision to remain exclusive to the BASE chain is a strategic move that could significantly benefit both the protocol and the chain:
By keeping the AERO token and protocol exclusive to BASE, Aerodrome helps drive users and liquidity directly to the BASE chain.
This exclusivity creates a symbiotic relationship: as Aerodrome grows, it naturally increases activity and adoption of the BASE chain.
Concentrated liquidity on a single chain can lead to better trading experiences, lower slippage, and more efficient price discovery for AERO.
10. AERO Price and Long-Term Potential
The potential for significant price appreciation is a key factor in AERO's appeal:
I can confidently say that getting AERO under $1 might look like a dream in the next 1-2 years.
Right now, it's sitting at $1.30, but I recommended it to my followers when it was under $0.10.
The upside potential here is enormous. I wouldn't be surprised if AERO does a 25x from its current price.
With all the data and liquidity I'm seeing, a price of $30 or even $50+ doesn't seem far-fetched at all.
Conservative estimates place potential future prices in the $20-$30 range, with some optimistic projections even higher.
Conclusion
This train is leaving the station, and it's only going to get bigger, bigger, and bigger. With all the liquidity, yield, and demand driving this token forward, AERO has quickly become my #1 favorite token in crypto, and I don't see that changing anytime soon.
While these projections are exciting, it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Always conduct your own research and invest responsibly.
COINBASE:AEROUSD KUCOIN:AEROUSDT COINEX:AEROUSDT CRYPTO:AERODUSD GATEIO:AEROUSDT CRYPTOCOM:AEROUSD BYBIT:AEROUSDT.P BITGET:AEROUSDT GATEIO:AEROUSDT PHEMEX:AEROUSDT MEXC:AEROUSDT.P BYBIT:AEROUSDT.P
Altcoin Market Breaking Out: Bull-Flag!Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out.
It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week.
For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top.
Potentially exciting times ahead!
USDT Dominance Update: Its Time to be Cautious!USDT dominance is down 15% since our last update. This drop has allowed BTC and other altcoins to rally, and the trend is still ongoing.
The recent chart indicates the continuation of the bearish move, with the current dominance at 5.48%. It has yet to test the support trendline, meaning the market still has some room for the rally to continue.
However, we’ve reached a point where caution is necessary. If we see a rebound in USDT.D on the daily chart, it will signal an exit from all long positions and a shift to short positions.
Our current targets are 5.20% for USDT.D and $69K for BTC.
I will keep you updated, so stay tuned and follow if you haven’t already.
Make sure to conduct thorough research and analysis before making any decisions.
Regards,
Team Dexter
#USDT #Crypto
AERO USDT TO $1.40Long accumulation phase on the DAILY timeframe that could potentially break out.
This recent formation of a strong support area around $1.40 aligns with the 0.5 Fibonacci level.
The breakout from this area suggests substantial upside potential.
Generally, the larger the Fibonacci retracement level, the more significant the potential price movement.
We’ve observed similar scenarios before, and AERO could be poised for an impressive breakout, much like what happened with other decentralized exchange tokens in prior cycles.
Target: $1.40 (with potential for much higher gains beyond this)
--------------
Why $1.40?
AERO has a total supply of 1.2 billion tokens, with 634 million currently in circulation. The current market cap stands at $615 million, indicating that reaching $1.40 is not only achievable but potentially just the beginning. The $1.40 mark aligns with the 0.5 Fibonacci level, which historically has served as both a strong support and a key breakout level for assets in the early stages of a rally.
Aerodrome Finance, the largest token on the BASE chain, is currently listed on Coinbase, which speaks volumes about its credibility. However, this token remains underappreciated and highly underrated in the broader crypto market, despite its enormous potential.
One of the most significant drivers of AERO’s future success will be the backing of Coinbase. With Coinbase being the most beginner-friendly and widely used exchange globally, it's only a matter of time before they heavily promote the BASE chain—and AERO stands as the top decentralized exchange (DEX) on that chain. As Coinbase begins to market its chain to the masses, the demand for AERO will surge.
The BASE chain itself is one of the fastest-growing in crypto, currently ranked within the top 6 for Total Value Locked (TVL). When you factor in that some of the chains ranked above it (like BSC, TRX, and SOL) are notorious for fake volumes and market manipulation, BASE could effectively be considered one of the top 3 most legitimate chains. Furthermore, BASE is home to USDC, the only stablecoin officially regulated and approved by the SEC. This stablecoin partnership is a key factor that will continue to drive AERO’s demand.
With over 1.3 million active addresses and growing, BASE is now the largest EVM chain by this metric, surpassing even Ethereum. This makes Aerodrome’s position as the leading DEX on the BASE chain all the more important. The liquidity, use case, and growing demand for AERO are massive, and the token remains severely undervalued at its current price.
Long-Term Potential
While $1.40 serves as the short-term target, AERO’s potential far exceeds this level. If you compare it to Uniswap, which reached a $20 billion market cap during its peak in 2021, Aerodrome could easily hit a similar level due to its lower gas fees on the BASE chain, abundant liquidity, high yields, and user engagement through farming and LP pools. If AERO hits a $20 billion market cap, its price would reach $31 per token—and I believe it can go even higher. With users locking up their AERO for 4 years to earn rewards, demand will only continue to increase.
Long-Term Target: $20-$30+
AERO is my top proof-of-stake token, and I fully stand by its potential to become a top 10-20 market cap token in the coming years. My long-term target is in the $20-$30 range as BASE continues to grow and AERO cements itself as the leading DEX on the chain.
AERO has been a fixture on my watchlist for over a year, and I’m excited to share that my average entry price was $0.08—a detail I’ve also shared with my followers.
COINBASE:AEROUSD BYBIT:AEROUSDT.P BITGET:AEROUSDT KUCOIN:AEROUSDT COINEX:AEROUSDT GATEIO:AEROUSDT PHEMEX:AEROUSDT CRYPTOCOM:AEROUSD MEXC:AEROUSDT.P
Bitcoin can make small correction and then start to move upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago declined to the support level, which coincided with the buyer zone and even soon broke this level. After this, price declined a little more and then moved up inside the upward channel. In a short time, BTC broke the 56200 level again and then made a retest. After this movement, BTC rose a little more and even almost reached the resistance line of the channel, after which it turned around and declined to support line of the channel. Some time later Bitcoin rebounded from this line to the resistance line, which coincided with the resistance level with the seller zone, and tired to break it, but failed. Later, the price some time traded near this level, and a not long time ago made a fake breakout of the 63700 resistance level. Now BTC trades very close to this level, therefore I think that the price can correct almost to the support line and then start to grow to the resistance line of the upward channel, thereby breaking the resistance level. For this case, I set my TP at 67250 points, which coincides with the resistance line. Please share this idea with your friends and click Boost 🚀
VELO USDT to $0.13Long accumulation phase on the DAILY timeframe that could potentially break out.
This recent formation of a descending wedge pattern suggests significant potential upside for VELO.
The breakout from such a pattern is often a precursor to substantial price movements.
Generally, the higher the timeframe of the breakout, the larger the potential move.
We observed a similar scenario with AERO. We entered AERO when it was in a similar pattern and caught the breakout that propelled it upward, allowing for significant gains.
Target: $0.13 (with higher potential beyond)
--------------
Why $0.13?
VELO has a maximum supply of 1.8 billion tokens, with approximately 800 million currently in circulation. Presently, the market cap stands at $73 million, with a fully diluted valuation (FDV) of $166 million. The potential for VELO to reach $0.13 represents a realistic target that would elevate its market cap significantly.
Velodrome Finance is not just another DeFi project; it serves as a liquidity and yield generation platform that operates across multiple chains, including Optimism (OP) and others. It provides a robust ecosystem for decentralized finance, featuring ample liquidity and yield opportunities.
Similar to AERO, which also formed a descending wedge pattern, VELO could potentially break out and claim the 200 DEMA. If this occurs, it could take VELO toward $0.13, which aligns with the 0.236 Fibonacci level on the daily chart. Importantly, $0.13 is just the first target, and there is potential for further gains beyond this level as the project continues to develop and attract attention.
VELO's presence on Coinbase adds to its credibility and market visibility. As we look ahead, the substantial liquidity and yield generation opportunities available through VELO appear underappreciated, leading to the strong possibility of a 10x return in the future and perhaps even more.
Achieving the $0.13 target would position VELO more favorably in the market, increasing its market cap to a more substantial figure. This target reflects a conservative estimate, considering the project’s fundamentals and its current market conditions.
It’s important to recognize the inherent scarcity of VELO's token supply, which makes it susceptible to significant price pumps. While there is potential for VELO to surpass $0.13, this target serves as a prudent benchmark for the near term.
Velodrome Finance is committed to fostering a decentralized finance ecosystem, providing infrastructure that supports liquidity and yield generation for various applications. It aims to redefine how users interact with DeFi, making it a noteworthy project to keep on your radar.
VELO has been a key focus of mine for some time, and I’m excited to share my insights as we monitor its potential journey toward $0.13 and beyond.
COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT GATEIO:VELODROMEUSDT COINEX:VELOUSDT BITMART:VELOUSDT
USDT Dominance is bearishFrom where we entered "start" on the chart, it seems that the dominance correction has started.
It looks like we have an ABC on the chart that we are now at the end of wave B.
Wave B seems to be symmetrical, which is symmetrical in wave i.
It seems that after the completion of wave B, we have a bearish wave C for dominance.
The targets are listed on the chart.
Wave B is expected to end this month (September) or October.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BITCOIN - Price can break resistance level and continue to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered to triangle, where at once made downward impulse from resistance line to support line.
Price broke $63700 and $54900 levels, but soon turned around and rose higher than $54900 support level, breaking it again.
Next, BTC continued to grow and later reached resistance line of triangle, after which started to decline.
In a short time, price fell to support area, thereby exiting from triangle and starting to grow in rising channel.
In channel, Bitcoin rose to $63700 resistance level, where at the moment continues to trades very close.
Possibly, price can make a small movement below and then bounce up to $67600, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️