Timechain Coder
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Crypto trading, fundamental & technical analysis and technology.
My posts and shares are not investment / financial advice (DYOR).
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Bull Season Price Targets Series: Requests from Followers - INDEX
👋Hey!
Unlike my social media posts, in addition to majors, here I'm planning to analyze your #altcoins with medium and low market caps too! I'll provide mid-to-long term price targets for the bull season. 🔥
If you are interested, don't forget to follow and share the #altcoins that interest you in the comments! 👊
👀To easily track your #altcoins I will list the analyzed ones collectively under this INDEX and list them in alphabetical order so they can be easily found.
🤟You'll also see what
Unlike my social media posts, in addition to majors, here I'm planning to analyze your #altcoins with medium and low market caps too! I'll provide mid-to-long term price targets for the bull season. 🔥
If you are interested, don't forget to follow and share the #altcoins that interest you in the comments! 👊
👀To easily track your #altcoins I will list the analyzed ones collectively under this INDEX and list them in alphabetical order so they can be easily found.
🤟You'll also see what
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Hello, Binance Square!
I've been wanting to share more #crypto-focused content on this platform for a long time, and today I finally got the chance to start. 😎
👉 What are we going to do? 👀
We will analyze the general situation of the crypto market up-to-date and draw our general directionWe will discuss the current technologies in the crypto worldMajor coins such as $BTC , $ETH , $BNB , $XRP, $SOL will always be on our radarUnlike my social media posts, here we will also examine #altcoins with medium and low marke
👉 What are we going to do? 👀
We will analyze the general situation of the crypto market up-to-date and draw our general directionWe will discuss the current technologies in the crypto worldMajor coins such as $BTC , $ETH , $BNB , $XRP, $SOL will always be on our radarUnlike my social media posts, here we will also examine #altcoins with medium and low marke
My private message to Loni Autullo - Others may ignore it...
@Loni Autullo DvXl for you 🤝
I stopped writing on social media for 3 weeks. You were the first and only one to write in this period. For this reason, as I promised, I am sharing the up-to-date analysis of $INJ and $LINK with you.
If I hadn't received your message, I had no intention of making a new post. I don't know if I'll continue writing in the future, to be honest. 🙄 I will write a few things about why I stopped writing at the end of this post.
First of all, I looked at s
I stopped writing on social media for 3 weeks. You were the first and only one to write in this period. For this reason, as I promised, I am sharing the up-to-date analysis of $INJ and $LINK with you.
If I hadn't received your message, I had no intention of making a new post. I don't know if I'll continue writing in the future, to be honest. 🙄 I will write a few things about why I stopped writing at the end of this post.
First of all, I looked at s
$ARKM
I am sharing it upon request.
At first glance, the graph seems normal, but when you analyze these details, it is the kind of immorality that makes you swear full of mouth. My regards to Market Maker's mother (I apologize to my followers).
Market Maker seems has turned the business into a show and a vice. It raises the price to the descending trend line and then dumps the goods on those who are FOMOed, also continuing to drop, sweeps the previous swing high liquidity to hunt short liquidations (although I call the part under the red box a crawl rather than a fall, painfully, slowly).
I marked the levels where internal and external structures turned bearish and marked the area between these two with an orange box. If someone had held it before, they should have exited at worst from those levels or, in the worst case scenario, when breaking down the red box.
If it can break this declining trend resistance (solid red line), a reaction bounce up to the levels of 0.66 and 0.88 can be seen, but these movements should only be seen as corrections and if they are seen at those levels, it would be good to take profit and as long as it cannot close above it, it should continue to be evaluated with short bias.
In case of it lose green box support zone, I marked the levels on the chart where I'd expect intermediate reactions to continue in the downward trend.
I am sharing it upon request.
At first glance, the graph seems normal, but when you analyze these details, it is the kind of immorality that makes you swear full of mouth. My regards to Market Maker's mother (I apologize to my followers).
Market Maker seems has turned the business into a show and a vice. It raises the price to the descending trend line and then dumps the goods on those who are FOMOed, also continuing to drop, sweeps the previous swing high liquidity to hunt short liquidations (although I call the part under the red box a crawl rather than a fall, painfully, slowly).
I marked the levels where internal and external structures turned bearish and marked the area between these two with an orange box. If someone had held it before, they should have exited at worst from those levels or, in the worst case scenario, when breaking down the red box.
If it can break this declining trend resistance (solid red line), a reaction bounce up to the levels of 0.66 and 0.88 can be seen, but these movements should only be seen as corrections and if they are seen at those levels, it would be good to take profit and as long as it cannot close above it, it should continue to be evaluated with short bias.
In case of it lose green box support zone, I marked the levels on the chart where I'd expect intermediate reactions to continue in the downward trend.
$IO
I am sharing it upon request.
If it can break 1.02, a reaction bounce up to the levels of 1.30 can be seen, but these movements should only be seen as corrections and if they are seen at those levels, it would be good to take profit and as long as it cannot close above it, it should continue to be evaluated with short bias.
The bullish-bearish turning point started with the breakdown of the accumulation range above the red box. Therefore, serious increases should not be expected without seeing daily closings above 1.48.
If it can make a daily close with the candle body above the red box and does not fall below it again, we can expect the imbalance with the top edge at the 2.53 level to be filled in the first place.
In case of it lose green box support zone, I marked the levels on the chart where I'd expect intermediate reactions to continue in the downward trend.
I am sharing it upon request.
If it can break 1.02, a reaction bounce up to the levels of 1.30 can be seen, but these movements should only be seen as corrections and if they are seen at those levels, it would be good to take profit and as long as it cannot close above it, it should continue to be evaluated with short bias.
The bullish-bearish turning point started with the breakdown of the accumulation range above the red box. Therefore, serious increases should not be expected without seeing daily closings above 1.48.
If it can make a daily close with the candle body above the red box and does not fall below it again, we can expect the imbalance with the top edge at the 2.53 level to be filled in the first place.
In case of it lose green box support zone, I marked the levels on the chart where I'd expect intermediate reactions to continue in the downward trend.
$MANTA
I am sharing it upon request.
As of January, it has doubled its monthly token unlocks, and since the market is already in a downward period, it has a bad reflection. There is a clear downward trend. Since the red stripe I marked above the price right now coincides with the intersection of two important Fibonacci levels, the downward angle has increased.
If it can break this declining trend resistance, a reaction bounce up to the levels of 0.33 and 0.42 can be seen, but these movements should only be seen as corrections and if they are seen at those levels, it would be good to take profit and as long as it cannot close above it, it should continue to be evaluated with short bias.
The bullish-bearish turning point started with the breakdown of the accumulation range above the upper red box. Therefore, serious increases should not be expected without seeing daily closings above 0.63.
In this case, I marked the levels on the chart where I expect intermediate reactions to continue in the downward trend.
I am sharing it upon request.
As of January, it has doubled its monthly token unlocks, and since the market is already in a downward period, it has a bad reflection. There is a clear downward trend. Since the red stripe I marked above the price right now coincides with the intersection of two important Fibonacci levels, the downward angle has increased.
If it can break this declining trend resistance, a reaction bounce up to the levels of 0.33 and 0.42 can be seen, but these movements should only be seen as corrections and if they are seen at those levels, it would be good to take profit and as long as it cannot close above it, it should continue to be evaluated with short bias.
The bullish-bearish turning point started with the breakdown of the accumulation range above the upper red box. Therefore, serious increases should not be expected without seeing daily closings above 0.63.
In this case, I marked the levels on the chart where I expect intermediate reactions to continue in the downward trend.
#Hedera - $HBAR
In the last analysis, I said that it was important to be able to make a daily close above 0.254, but the movement above it remained a wick and we saw that it retreated towards support.
The fact that both the small green box and the Daily EMA200 level just below it do not work as support is a negative situation in the short term and may cause a retreat to the 0.164 liquidation level and the bullish order block below it.
Because the FTB block, which has been wicked many times, could not make a new High in the subsequent attempts and indicates that the buyers here are weakening.
If it can make a daily close above 0.195 without losing the 0.179 level, a movement towards the main resistance can be seen again, but for the reasons I explained above, the downward movement I pointed out seems more likely.
In the previous analysis I quoted, I explained at what levels I could consider buying long-term spot, in response to a question in the comments. It might be useful if those who are thinking of making new buys or adding to existing bags could also review my answer there.
In the last analysis, I said that it was important to be able to make a daily close above 0.254, but the movement above it remained a wick and we saw that it retreated towards support.
The fact that both the small green box and the Daily EMA200 level just below it do not work as support is a negative situation in the short term and may cause a retreat to the 0.164 liquidation level and the bullish order block below it.
Because the FTB block, which has been wicked many times, could not make a new High in the subsequent attempts and indicates that the buyers here are weakening.
If it can make a daily close above 0.195 without losing the 0.179 level, a movement towards the main resistance can be seen again, but for the reasons I explained above, the downward movement I pointed out seems more likely.
In the previous analysis I quoted, I explained at what levels I could consider buying long-term spot, in response to a question in the comments. It might be useful if those who are thinking of making new buys or adding to existing bags could also review my answer there.
#Hedera - $HBAR - General Outlook
The red box it is currently on is an important medium-term support level. The external structure is still bullish and within the boundaries of the last daily upward swing movement.
In the internal structure, it is making a correction with CHoCH and technically, as long as it does not close below 0.1257, the main trend is bullish.
If it can close above 0.2540, I expect it to go to the levels I marked above and make a new Higher High because the FTB block below also coincides with the Optimal Trade Entry (OTE) region of the main swing and after the first wick, its liquidation was cleared twice more and it worked as support.
If this level cannot be breached in the first attempt, there will be no problem in going down to the small green box in the middle and the inner structure trend will not change. If this level cannot provide support, a pullback can be observed up to the 0.14-0.16 liquidation levels.
The red box it is currently on is an important medium-term support level. The external structure is still bullish and within the boundaries of the last daily upward swing movement.
In the internal structure, it is making a correction with CHoCH and technically, as long as it does not close below 0.1257, the main trend is bullish.
If it can close above 0.2540, I expect it to go to the levels I marked above and make a new Higher High because the FTB block below also coincides with the Optimal Trade Entry (OTE) region of the main swing and after the first wick, its liquidation was cleared twice more and it worked as support.
If this level cannot be breached in the first attempt, there will be no problem in going down to the small green box in the middle and the inner structure trend will not change. If this level cannot provide support, a pullback can be observed up to the 0.14-0.16 liquidation levels.
#Phoenix - $PHB It was one of the tokens that I have looked at for the first time because it has been requested.
I said that I did not find it healthy, I am just sharing its current state for reference as to how it has progressed after my analysis.
Since the reversal limit I mentioned has not been breached, the downtrend continues as it is.
As I pointed out, it reached the green box support level and liquidation below this level was swept. If it makes a daily close above 0.644, it may retest the downtrend resistance.
In any case, the green box should not be lost, there is a liquidation pool that can be broken very easily from the green box to the two levels I added below, and there is no demand area that can support below this level.
Therefore, I think there is no need to take risks unless it is seen that it is permanent above the green box and make new Higher Highs and Higher Lows.
I said that I did not find it healthy, I am just sharing its current state for reference as to how it has progressed after my analysis.
Since the reversal limit I mentioned has not been breached, the downtrend continues as it is.
As I pointed out, it reached the green box support level and liquidation below this level was swept. If it makes a daily close above 0.644, it may retest the downtrend resistance.
In any case, the green box should not be lost, there is a liquidation pool that can be broken very easily from the green box to the two levels I added below, and there is no demand area that can support below this level.
Therefore, I think there is no need to take risks unless it is seen that it is permanent above the green box and make new Higher Highs and Higher Lows.
#Phoenix - $PHB - General Outlook
As in $ALCX , I looked at it for the first time because there was a request. The recent chart is a bit better and technically seems worked properly, but I still don't find it healthy since there were soo many wicks upward before Binance listing.
Those who stayed inside from the last season probably created selling pressure to get rid of what they had in every rise.
Since its market cap and daily trade volume are very low, it is very easily open to manipulation.
I wouldn't feel comfortable if I'm willing to hold for a long term before it breaches 1.025 and holds above it.
Green box is the last stop IMO since below it declines may deepen.
As in $ALCX , I looked at it for the first time because there was a request. The recent chart is a bit better and technically seems worked properly, but I still don't find it healthy since there were soo many wicks upward before Binance listing.
Those who stayed inside from the last season probably created selling pressure to get rid of what they had in every rise.
Since its market cap and daily trade volume are very low, it is very easily open to manipulation.
I wouldn't feel comfortable if I'm willing to hold for a long term before it breaches 1.025 and holds above it.
Green box is the last stop IMO since below it declines may deepen.
#Test - $TST This was one of the tokens I looked at for the first time because it was requested.
I am only sharing its current status for reference on how it progressed after my analysis.
I said that the triangular area I marked seems to have been broken downwards. After that, it has made ~30% drop towards the potential supports I marked below (Even in price discovery areas where there are no charts yet, it feels good to see that my levels are working almost perfectly).
It is currently at the retest level of the area bottom that it lost but not looking good. If it can 4H close above 0.0747 and hold in the short term, it may rise to 0.0874 and 0.1091, but as I said, whether it can confirm a reversal or not can be possible with 4H closings with the candle body above the red box at the top.
Otherwise, I'd expect the decline to continue towards the previously shared support levels I marked below.
I am only sharing its current status for reference on how it progressed after my analysis.
I said that the triangular area I marked seems to have been broken downwards. After that, it has made ~30% drop towards the potential supports I marked below (Even in price discovery areas where there are no charts yet, it feels good to see that my levels are working almost perfectly).
It is currently at the retest level of the area bottom that it lost but not looking good. If it can 4H close above 0.0747 and hold in the short term, it may rise to 0.0874 and 0.1091, but as I said, whether it can confirm a reversal or not can be possible with 4H closings with the candle body above the red box at the top.
Otherwise, I'd expect the decline to continue towards the previously shared support levels I marked below.
#Test - $TST - General Outlook
It is a new token, the chart does not have much history but I looked at it roughly since it was requested.
The triangular area I marked seems to have been broken downwards. In fact, it is progressing by making Lower Highs (LH) and Lower Lows (LL) as Price Action and as long as it does not break the red box above, it is expected to head downwards again after each correction/pullback and make a new bottom.
If it can 4H close above 0.0747 and hold in the short term, it may rise to 0.1091 and the red box, but as I said, whether it can confirm a reversal or not can be possible with 4H closings with the candle body above the red box.
Otherwise, I expect the decline to continue towards the potential intermediate support levels I marked below.
It is a new token, the chart does not have much history but I looked at it roughly since it was requested.
The triangular area I marked seems to have been broken downwards. In fact, it is progressing by making Lower Highs (LH) and Lower Lows (LL) as Price Action and as long as it does not break the red box above, it is expected to head downwards again after each correction/pullback and make a new bottom.
If it can 4H close above 0.0747 and hold in the short term, it may rise to 0.1091 and the red box, but as I said, whether it can confirm a reversal or not can be possible with 4H closings with the candle body above the red box.
Otherwise, I expect the decline to continue towards the potential intermediate support levels I marked below.
$PEPE I haven't shared meme token analyses for a while, but I recently shared PEPE upon request.
I am only sharing its current status for reference on how it progressed after my analysis.
I said that if the 709 level is lost, it could fall to the support levels I indicated below, and we see that it has reached the first one and made a reaction rise exactly between the two.
Current level is both the weekly support level that it must win again, also it points to the declining trend resistance, therefore, it can be challenging.
If it can close the weekly close above this level (709) on Sunday night, it can retest the 892 level for a retest of the decline. Otherwise, we will see the continuation of the downtrend and the levels I marked are expected.
I am only sharing its current status for reference on how it progressed after my analysis.
I said that if the 709 level is lost, it could fall to the support levels I indicated below, and we see that it has reached the first one and made a reaction rise exactly between the two.
Current level is both the weekly support level that it must win again, also it points to the declining trend resistance, therefore, it can be challenging.
If it can close the weekly close above this level (709) on Sunday night, it can retest the 892 level for a retest of the decline. Otherwise, we will see the continuation of the downtrend and the levels I marked are expected.
$PEPE - General Outlook
Meme tokens have been hit hard for a long time. Pepe is no different than the general. The green line was a long-term support area, but it has already lost 62% of its value from the peak level to here, and the declines continue with the loss of this level.
I showed the daily downtrend with the red solid line and there is no sign of a reversal yet.
Right now, the 709 level is an important weekly support level. If this level is lost, the declines may deepen towards the levels I marked below.
Although I did not show it on the chart, on the short term, there is a range formation and if it can hold on to 736 on a daily basis, it can show a rise up to 892, but in order for the decline to end, this level must be breached quickly with voluminous candles and it must be able to rise above the red box in the middle.
Meme tokens have been hit hard for a long time. Pepe is no different than the general. The green line was a long-term support area, but it has already lost 62% of its value from the peak level to here, and the declines continue with the loss of this level.
I showed the daily downtrend with the red solid line and there is no sign of a reversal yet.
Right now, the 709 level is an important weekly support level. If this level is lost, the declines may deepen towards the levels I marked below.
Although I did not show it on the chart, on the short term, there is a range formation and if it can hold on to 736 on a daily basis, it can show a rise up to 892, but in order for the decline to end, this level must be breached quickly with voluminous candles and it must be able to rise above the red box in the middle.
#Gala - $GALA This was one of the coins I looked at for the first time because it was requested.
I am only sharing its current status for reference on how it progressed after my analysis.
I mentioned a Wyckoff Accumulation formation in the weekly. The first breach was made under the range but it has not yet cleared the liquidity by falling to the levels I indicated.
Since it is a weekly chart, even if the scenario will happen, we are talking about a formation that will take time since each candle is formed in a week. I plan to follow it from time to time as it comes to mind. A look once a week or two may be enough.
Those who want to read in detail what the scenarios are can take a look at the previous analysis I quoted.
I am only sharing its current status for reference on how it progressed after my analysis.
I mentioned a Wyckoff Accumulation formation in the weekly. The first breach was made under the range but it has not yet cleared the liquidity by falling to the levels I indicated.
Since it is a weekly chart, even if the scenario will happen, we are talking about a formation that will take time since each candle is formed in a week. I plan to follow it from time to time as it comes to mind. A look once a week or two may be enough.
Those who want to read in detail what the scenarios are can take a look at the previous analysis I quoted.
#Gala - $GALA - General Outlook
I will not give a detailed short-term analysis about this. It is already in a downtrend and for a reversal, it needs to rise above the small red box I marked on the right.
But those who have it have probably been holding it for a long time. I think gaming hype should be seen in the market for it to show potential, but on the technical side, there is an image on the weekly chart that could be an opportunity.
I see a regular long term Wyckoff Accumulation on the weekly. The plan could be as follows:
If it drops below 0.01251 and sweeps the liquidity and then enters the range I have boxed in the gray box again and can stay above 0.01561 in a week or two (Wyckoff Spring), an increase can occur up to a little above the red box at the top of the range (Wyckoff SOS). After that, a pullback to the middle of the range or close to it (Wyckoff LPOS) and then the main distribution can be targeted with the upper red box and maybe even above.
If it is rejected from the range bottom as I showed with the red arrow on the chart and makes a new bottom, this scenario is completely invalidates and garbage. So I would not take a trade without seeing the Spring phase of the scenario above.
Technically, a Wyckoff distribution can occur without the Spring phase, but the risk ratio is higher and it is more difficult to determine the stop level. So I would not take a trade accordingly at this stage.
I will not give a detailed short-term analysis about this. It is already in a downtrend and for a reversal, it needs to rise above the small red box I marked on the right.
But those who have it have probably been holding it for a long time. I think gaming hype should be seen in the market for it to show potential, but on the technical side, there is an image on the weekly chart that could be an opportunity.
I see a regular long term Wyckoff Accumulation on the weekly. The plan could be as follows:
If it drops below 0.01251 and sweeps the liquidity and then enters the range I have boxed in the gray box again and can stay above 0.01561 in a week or two (Wyckoff Spring), an increase can occur up to a little above the red box at the top of the range (Wyckoff SOS). After that, a pullback to the middle of the range or close to it (Wyckoff LPOS) and then the main distribution can be targeted with the upper red box and maybe even above.
If it is rejected from the range bottom as I showed with the red arrow on the chart and makes a new bottom, this scenario is completely invalidates and garbage. So I would not take a trade without seeing the Spring phase of the scenario above.
Technically, a Wyckoff distribution can occur without the Spring phase, but the risk ratio is higher and it is more difficult to determine the stop level. So I would not take a trade accordingly at this stage.
#JasmyCoin - $JASMY This was one of the tokens I looked at for the first time because it was requested.
I am only sharing its current status for reference on how it progressed after my analysis.
Since the trend reversal limit I mentioned has not been breached, the downtrend continues as it is.
It has already fallen to the two support levels I gave below. If it can make a daily close above 0.0144 after this, it can retest the declining trend resistance and the 0.0172 level, but if it breaks down the lower support again, I am not talking about intermediate levels, the potential to fall to half of its current price in the medium term is very clear.
I am only sharing its current status for reference on how it progressed after my analysis.
Since the trend reversal limit I mentioned has not been breached, the downtrend continues as it is.
It has already fallen to the two support levels I gave below. If it can make a daily close above 0.0144 after this, it can retest the declining trend resistance and the 0.0172 level, but if it breaks down the lower support again, I am not talking about intermediate levels, the potential to fall to half of its current price in the medium term is very clear.
#JasmyCoin - $JASMY - General Outlook
In a downtrend of about a month. There is a momentary local range (boxed in gray) formation and as long as it remains above 0.01723, the range top and downtrend resistance (red solid line) are targeted.
In order to start the rise, the red solid line resistance must be breached with voluminous candles and rise above the red box. Breaching this line without seeing a voluminous candle probably means that the accumulation range can continue for a while longer.
In case of rejection from the trend resistance or direct loss of the range bottom, the levels I marked below are targeted.
In a downtrend of about a month. There is a momentary local range (boxed in gray) formation and as long as it remains above 0.01723, the range top and downtrend resistance (red solid line) are targeted.
In order to start the rise, the red solid line resistance must be breached with voluminous candles and rise above the red box. Breaching this line without seeing a voluminous candle probably means that the accumulation range can continue for a while longer.
In case of rejection from the trend resistance or direct loss of the range bottom, the levels I marked below are targeted.
#Alchemix - $ALCX It is one of the tokens that I have looked at for the first time because it has been requested.
I said that I did not find it healthy, I am just sharing its current state for reference as to how it has progressed after my analysis.
Since the reversal limit I mentioned has not been breached, the downtrend continues as it is.
I said that I did not find it healthy, I am just sharing its current state for reference as to how it has progressed after my analysis.
Since the reversal limit I mentioned has not been breached, the downtrend continues as it is.
#Alchemix - $ALCX - General Outlook
I looked at it for the first time because there was a request but I didn't see it healthy. Those who stayed inside from the last season probably created selling pressure to get rid of what they had in every rise and there are unhealthy wicks upwards. When we look at it in a very wide range, we can say that it has been accumulating in a wide range for 2.5 years but I don't know how healthy it is.
Since its market cap is also very low, it is very easily open to manipulation.
The last bottom liquidation has also been swept but it continues to make Lower Highs (LH) and Lower Lows (LL) in a downward trend.
In order to start an increase even as a reaction, it needs to be persistent above the 13.46 level on a daily basis.
I looked at it for the first time because there was a request but I didn't see it healthy. Those who stayed inside from the last season probably created selling pressure to get rid of what they had in every rise and there are unhealthy wicks upwards. When we look at it in a very wide range, we can say that it has been accumulating in a wide range for 2.5 years but I don't know how healthy it is.
Since its market cap is also very low, it is very easily open to manipulation.
The last bottom liquidation has also been swept but it continues to make Lower Highs (LH) and Lower Lows (LL) in a downward trend.
In order to start an increase even as a reaction, it needs to be persistent above the 13.46 level on a daily basis.
$TRUMP I gave an example of this while replying to a comment yesterday and it came to my mind, I thought I'd check what happened to the GAP I mentioned. I'm just sharing it for reference purposes, before and after.
$TRUMP is popular for a while. I see that it swept all liquidation by dropping below the opening price on the Binance listing and there is currently a downtrend breakout on the 4H chart and a positive divergence on the RSI supporting it.
However !...
...it is forming a local accumulation range just under the resistance without making a new Higher High (HH) after the declining resistance breakout and one should be careful.
For a healthy rise, critical resistances should be broken with volume, and then it is healthier to see after such a movement, take a position in its correction.
I do not find it logical to increase risks without seeing a candlestick closing with a candle body above the red box (currently 32.30) and making a new Higher High (HH) because the downside risks are greater.
Because this is one of the formations that I often talk about named PO3, where as a result of accumulation-manipulation-distribution scheme, a fakeout is made upwards, the liquidation above the range (accumulation) is swept away, and then that movement remains as a wick (manipulation) and the downward movement (distribution) continues.
Especially if you see the GAP formed before the Binance listing and not filled, you can realize how big a cliff there is. It should not be forgotten that below 25.5 is a cliff. If you can move by placing a stop loss at suitable levels for you with the confirmation of the trend reversal, how nice.
However !...
...it is forming a local accumulation range just under the resistance without making a new Higher High (HH) after the declining resistance breakout and one should be careful.
For a healthy rise, critical resistances should be broken with volume, and then it is healthier to see after such a movement, take a position in its correction.
I do not find it logical to increase risks without seeing a candlestick closing with a candle body above the red box (currently 32.30) and making a new Higher High (HH) because the downside risks are greater.
Because this is one of the formations that I often talk about named PO3, where as a result of accumulation-manipulation-distribution scheme, a fakeout is made upwards, the liquidation above the range (accumulation) is swept away, and then that movement remains as a wick (manipulation) and the downward movement (distribution) continues.
Especially if you see the GAP formed before the Binance listing and not filled, you can realize how big a cliff there is. It should not be forgotten that below 25.5 is a cliff. If you can move by placing a stop loss at suitable levels for you with the confirmation of the trend reversal, how nice.
#Celestia - $TIA The first step of the scenario I described has happened. After this, in order for the positive divergence on the RSI to work and rise, it must first breach 4,064 and enter the range again, then grab the liquidity above the small red box below and daily close above it.
If it continues in this way, the sequential targets will be 5.70 and 6.75 as long as it does not fall below 4,064.
If it is rejected from here, the decline to the green box and below may deepen.
In summary, the conditions seem suitable for a double bottom formation (also Spring Phase for the Wyckoff Accumulation in this case), but the general condition of the market must allow for an increase and a daily close must be seen above the red box at the bottom.
Of course I am not talking about the big rally, the formation target is maximum up to the red box in the middle. As it progresses, the developing price action should be re-evaluated and the scenarios should be evaluated within the time frame I gave and the formation's target limits.
I explained the technical formations and possibilities in more detail in the previous analysis I quoted. It might be useful to read it again.
If it continues in this way, the sequential targets will be 5.70 and 6.75 as long as it does not fall below 4,064.
If it is rejected from here, the decline to the green box and below may deepen.
In summary, the conditions seem suitable for a double bottom formation (also Spring Phase for the Wyckoff Accumulation in this case), but the general condition of the market must allow for an increase and a daily close must be seen above the red box at the bottom.
Of course I am not talking about the big rally, the formation target is maximum up to the red box in the middle. As it progresses, the developing price action should be re-evaluated and the scenarios should be evaluated within the time frame I gave and the formation's target limits.
I explained the technical formations and possibilities in more detail in the previous analysis I quoted. It might be useful to read it again.
#Celestia - $TIA - General Outlook
After the fall from the peak, it formed a Wyckoff Accumulation pattern (which I have boxed in gray) that lasted for months and violated the range in the last declines.
If this violation zone between the green box order block below and the range is the Wyckoff Spring phase, in the medium to long term, first the red box above the range and then after the retest of the range top, much higher levels are targeted.
There is an uptrend that has been maintained for a month after the bottom. In order for the formation to work, it needs to enter the range without breaking this or, at worst, without losing the green box below.
It failed in its first entry attempt, but the fact that it fell without grabbing the previous swing top liquidation strengthens the view that it has a little more work to do below and will target above here again.
In a regular rising trend, it is also a normal scenario to accumulate liquidity below the trend line, then sweep them partially or all by creating a double bottom formation and accelerate upwards.
In case of loss of the green box, this entire formation becomes invalid and it is expected to create new accumulation formations after new bottoms.
The safe buying zone is to see that it closes above 4.06 for at least one or two days in a row, and after that, in case it falls below the range again, it would be good to make a stop loss and wait for new structures/formations.
After the fall from the peak, it formed a Wyckoff Accumulation pattern (which I have boxed in gray) that lasted for months and violated the range in the last declines.
If this violation zone between the green box order block below and the range is the Wyckoff Spring phase, in the medium to long term, first the red box above the range and then after the retest of the range top, much higher levels are targeted.
There is an uptrend that has been maintained for a month after the bottom. In order for the formation to work, it needs to enter the range without breaking this or, at worst, without losing the green box below.
It failed in its first entry attempt, but the fact that it fell without grabbing the previous swing top liquidation strengthens the view that it has a little more work to do below and will target above here again.
In a regular rising trend, it is also a normal scenario to accumulate liquidity below the trend line, then sweep them partially or all by creating a double bottom formation and accelerate upwards.
In case of loss of the green box, this entire formation becomes invalid and it is expected to create new accumulation formations after new bottoms.
The safe buying zone is to see that it closes above 4.06 for at least one or two days in a row, and after that, in case it falls below the range again, it would be good to make a stop loss and wait for new structures/formations.
$AAVE The green box order block level still continues to support, but the daily declining trend resistance has not been broken yet.
If it had risen to its current price level after wicking below the green box, I would have expected a better potential for an increase, but it is currently still at intermediate levels, not swept the liquidity and far from trend resistance.
The retest level of the last decline swing movement is 181. The first level it should close above on 4H is 175. If it can close above this, a test towards the current trend resistance level of 200 can be seen. Otherwise, 156 and 134 will continue to be sequential targets as the downtrend continues.
The current level it needs to make a daily close above for the daily trend to turn bullish is 241.83 and without breaching that level, I'll evaluate every rise a correction of the decline on the main trend.
If it had risen to its current price level after wicking below the green box, I would have expected a better potential for an increase, but it is currently still at intermediate levels, not swept the liquidity and far from trend resistance.
The retest level of the last decline swing movement is 181. The first level it should close above on 4H is 175. If it can close above this, a test towards the current trend resistance level of 200 can be seen. Otherwise, 156 and 134 will continue to be sequential targets as the downtrend continues.
The current level it needs to make a daily close above for the daily trend to turn bullish is 241.83 and without breaching that level, I'll evaluate every rise a correction of the decline on the main trend.
$AAVE - General Outlook After Trump Pump
Rising was rejected from Daily EMA200 just before reaching the declining trend resistance line.
In order to talk about a bullish reversal, it needs to break the downtrend resistance (red solid line) and make a daily close above the dashed red line, i.e. 239, and make a Higher High (HH)/CHoCH on the internal structure.
Currently trying to turn the green box demand zone into a support. If the green box support is lost, declines towards 135 - 125 could deepen.
Rising was rejected from Daily EMA200 just before reaching the declining trend resistance line.
In order to talk about a bullish reversal, it needs to break the downtrend resistance (red solid line) and make a daily close above the dashed red line, i.e. 239, and make a Higher High (HH)/CHoCH on the internal structure.
Currently trying to turn the green box demand zone into a support. If the green box support is lost, declines towards 135 - 125 could deepen.
$SEI I had mentioned the levels it would fall if the green box support was lost. The first target almost has hit (I accept this hit).
It is currently at the retest of the green box. If it can make a daily close above 0.2150, the trend resistance and above that 0.27 can be tested. In order to see the positive divergence on the RSI to work, we need to see it holds above the green box. Otherwise, I would also wait for the second downward target.
The level it needs to make a daily close above for the daily trend to turn bullish is 0.2923 and without breaching that level, I'll evaluate every rise a correction of the decline on the main trend.
It is currently at the retest of the green box. If it can make a daily close above 0.2150, the trend resistance and above that 0.27 can be tested. In order to see the positive divergence on the RSI to work, we need to see it holds above the green box. Otherwise, I would also wait for the second downward target.
The level it needs to make a daily close above for the daily trend to turn bullish is 0.2923 and without breaching that level, I'll evaluate every rise a correction of the decline on the main trend.
$SEI - General Outlook After Trump Pump
The green box is a key support level on HTF; a long-term S-R Flip Zone and should not be broken.
In order to talk about a bullish reversal, it needs to break the declining trend resistance (red solid line) and make a daily closing above the dashed red line, i.e. 0.29 and make a Higher High (HH) / CHoCH on the internal structure.
If the green box support is lost, declines towards 0.17 - 0.13 could deepen.
The green box is a key support level on HTF; a long-term S-R Flip Zone and should not be broken.
In order to talk about a bullish reversal, it needs to break the declining trend resistance (red solid line) and make a daily closing above the dashed red line, i.e. 0.29 and make a Higher High (HH) / CHoCH on the internal structure.
If the green box support is lost, declines towards 0.17 - 0.13 could deepen.
$SUI There has been no trend change since my last post. It continues by making Lower Highs and Lower Lows under the downtrend.
I said that the green box is an important zone, it is currently retesting this level. If it can continue above green box on a daily basis, it can rise to and retest the trend resistance around 2.80.
2.52 is the retest level of the last decline swing. I added that level in case anyone wants to follow it in a lower time frame, but since the level the price is at is more important, holding above the green box is more important on major trend.
The daily trend reversal level is 3.00 and the Daily EMA200 is also very close to this level. It'll be an important resistance. In fact, if this is breached and close above it, the daily trend will turn bullish. Unless this happens, I will wait for the levels I marked below with a short bias.
I said that the green box is an important zone, it is currently retesting this level. If it can continue above green box on a daily basis, it can rise to and retest the trend resistance around 2.80.
2.52 is the retest level of the last decline swing. I added that level in case anyone wants to follow it in a lower time frame, but since the level the price is at is more important, holding above the green box is more important on major trend.
The daily trend reversal level is 3.00 and the Daily EMA200 is also very close to this level. It'll be an important resistance. In fact, if this is breached and close above it, the daily trend will turn bullish. Unless this happens, I will wait for the levels I marked below with a short bias.
$SUI - General Outlook After Trump Pump
After breaking the weekly uptrend, it has been continuing its downtrend for 1.5 months. The green box is an important support level on HTF. Considering that price is currently below the Daily EMA200, this support becomes critical.
In order to talk about a bullish reversal, it needs to break the downtrend resistance (red solid line) and close daily above the red box, i.e. 3.22 and make a Higher High (HH) / CHoCH on the internal structure.
There is also positive divergence on the daily RSI, but it needs to make this resistance breakout that I mentioned in order for it to work. If sideways continue here, contraction in the triangular area could could cause a death cross and bring a voluminous breakout downwards. If the green box support lost, declines below 2.0 may deepen.
After breaking the weekly uptrend, it has been continuing its downtrend for 1.5 months. The green box is an important support level on HTF. Considering that price is currently below the Daily EMA200, this support becomes critical.
In order to talk about a bullish reversal, it needs to break the downtrend resistance (red solid line) and close daily above the red box, i.e. 3.22 and make a Higher High (HH) / CHoCH on the internal structure.
There is also positive divergence on the daily RSI, but it needs to make this resistance breakout that I mentioned in order for it to work. If sideways continue here, contraction in the triangular area could could cause a death cross and bring a voluminous breakout downwards. If the green box support lost, declines below 2.0 may deepen.
@DashTrade thank you for your kind words.
As someone who actively invests and trades, I share my analysis that forms the basis of my own decisions. In other words, if my analysis is wrong, I lose money, which is the normal course of life and part of this business.
Also, I don't just put a price chart and tell the support and resistance levels, I also put the analysis so that people can test it themselves whether they are right or wrong (of course, if I am wrong, I want them to correct me with their reasons, without keeping it to themselves).
In order to do all this, I always have to be independent and be able to analyze and make decisions without being affected by something or someone. I continue to do this from now on, as I have done so far.
Although I have received many offers, I have never been one of those poor, pathetic, paid social media influencers who shill to people or poop their own shitcoins, and I have no intention of being one. I cannot bear the burden of people losing their hard-earned money.
Let's continue with independent analysis, information sharing, socializing together and developing... 🙏
As someone who actively invests and trades, I share my analysis that forms the basis of my own decisions. In other words, if my analysis is wrong, I lose money, which is the normal course of life and part of this business.
Also, I don't just put a price chart and tell the support and resistance levels, I also put the analysis so that people can test it themselves whether they are right or wrong (of course, if I am wrong, I want them to correct me with their reasons, without keeping it to themselves).
In order to do all this, I always have to be independent and be able to analyze and make decisions without being affected by something or someone. I continue to do this from now on, as I have done so far.
Although I have received many offers, I have never been one of those poor, pathetic, paid social media influencers who shill to people or poop their own shitcoins, and I have no intention of being one. I cannot bear the burden of people losing their hard-earned money.
Let's continue with independent analysis, information sharing, socializing together and developing... 🙏
#ENA posts like these are often ignored because people see green, act & say stupid things. #TimechainCoder your posts are appreciated
$ENA There hasn't been much change since my last post. Although the technical image shows an accumulation and the bottom formation before a reversal, I'm not sure that the decline will be enough since it hasn't breached the order block yet. Previous bounce from the order block remained a liquidation sweep so a lower level should be expected then the previous swing low.
My preference here is that if these levels are going to be a reversal level, it should first sweep the liquidation with a deep wick below the green box order block, then quickly rise above 0.37.
If such a scenario happens, I'd expect it to rise to 0.48 first, and if that level can be won, 0.66 will be the target. Due to the liquidation pools above that I shared in my previous analyses, it can rise to these levels quickly after the first resistance is breached.
However, if the bottom formation is not here but after the imbalance below is filled, it would be best for everyone to reach the 0.25-0.28 range as soon as possible quickly.
My preference here is that if these levels are going to be a reversal level, it should first sweep the liquidation with a deep wick below the green box order block, then quickly rise above 0.37.
If such a scenario happens, I'd expect it to rise to 0.48 first, and if that level can be won, 0.66 will be the target. Due to the liquidation pools above that I shared in my previous analyses, it can rise to these levels quickly after the first resistance is breached.
However, if the bottom formation is not here but after the imbalance below is filled, it would be best for everyone to reach the 0.25-0.28 range as soon as possible quickly.
#Ethena - $ENA - General Outlook - Good Project - Immoral Team!
The $ENA team screwed their investors over very badly. While 2 billion tokens were going to be unlocked on April 5, they suddenly moved the date of this big unlock to March 5, one month before the previously announced, with an unrelated announcement (mixed with other things) without any prior announcement, and most people learned about it very late. Maybe some of them will hear it from me for the first time, who knows!?
On the technical side, the last peak liquidation was left open and no SFP was formed, and inexperienced traders were hunted here and made them think that it would make a new peak after reversing from the S-R flip zone or the worst green line trend support.
The team, which probably planned to bring the date forward much earlier and made huge amounts of profit by opening a short trade at the top after dumping the tokens at a high cost to the investor until here.
After making a fake bounce at trend support for the last hit, it has rejected from trend line and continued dropping with a disgraceful price action. There are liquidity pools in the areas I marked with a blue semicircle and the peak liquidation is also open.
They didn't even miss the opportunity of yesterday's Trump pump and pushed the price back up to the pinpoint trend resistance and dumped another batch of goods at the local top.
Although the project is a good project and has good activities and partners, this operation against the investor is a great example of immorality.
Anyway, the chart speaks for itself from a technical perspective, but if there will be a reversal, this is the intersection point of three different important regions and this region between 0.27-0.37 is technically suitable for reversal.
Also, if 0.3165 is not broken, we can still say that weekly uptrend continues. Interesting, right?
If this level does not work as support, it can fall deeper to the fresh order block at 0.20, where the movement started.
The critical level that it needs to breach in order for the rise to start is 0.4850 and the level where it can first encounter resistance is 0.6600
2 billion tokens unlock tomorrow, if the price is dropped to these levels to meet this large unlock amount, it can be said that this might be priced in, but there is no way for us to be sure.
I think that when the market recovers, it can rise to good levels from here, I have already shared the bull season target analysis, but as I said, this rip-off by the team will not be forgotten easily and will go down in history as a great example of immorality.
On the technical side, the last peak liquidation was left open and no SFP was formed, and inexperienced traders were hunted here and made them think that it would make a new peak after reversing from the S-R flip zone or the worst green line trend support.
The team, which probably planned to bring the date forward much earlier and made huge amounts of profit by opening a short trade at the top after dumping the tokens at a high cost to the investor until here.
After making a fake bounce at trend support for the last hit, it has rejected from trend line and continued dropping with a disgraceful price action. There are liquidity pools in the areas I marked with a blue semicircle and the peak liquidation is also open.
They didn't even miss the opportunity of yesterday's Trump pump and pushed the price back up to the pinpoint trend resistance and dumped another batch of goods at the local top.
Although the project is a good project and has good activities and partners, this operation against the investor is a great example of immorality.
Anyway, the chart speaks for itself from a technical perspective, but if there will be a reversal, this is the intersection point of three different important regions and this region between 0.27-0.37 is technically suitable for reversal.
Also, if 0.3165 is not broken, we can still say that weekly uptrend continues. Interesting, right?
If this level does not work as support, it can fall deeper to the fresh order block at 0.20, where the movement started.
The critical level that it needs to breach in order for the rise to start is 0.4850 and the level where it can first encounter resistance is 0.6600
2 billion tokens unlock tomorrow, if the price is dropped to these levels to meet this large unlock amount, it can be said that this might be priced in, but there is no way for us to be sure.
I think that when the market recovers, it can rise to good levels from here, I have already shared the bull season target analysis, but as I said, this rip-off by the team will not be forgotten easily and will go down in history as a great example of immorality.
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