The correction to the impulse has reached the 0.6 level on the Fibonacci retracement and appears complete in the form of a double zigzag. Following this, a leading impulse and a subsequent correction (1-2, yellow count) have formed. I expect to see the development of a further upward structure, likely in the form of an NDT (non-disruptive trend). After this correction, we could consider new buying opportunities 👍
$ETH has reached the first zone. I’ll be watching for reactions in the 2300-2250 range, with short-term targets at 2420. The rest will depend on Bitcoin and its dominance.
$SUI As I mentioned earlier, we’ve seen a bounce off the support level ($0.5480), where I previously recommended considering averaging or building a spot position. The local support now lies at $0.74. Overall, the $0.74 - $0.54 range is an area of buyer interest, where you should consider accumulating spot positions as well! Resistance is at $1.12 - $1, where a significant amount of liquidity is concentrated. It would be wise to consider opening short positions and partially locking in profits from spot positions at these price levels (as shown on the chart). I will start buying the asset again in the overall zone of interest. Why? It's simple – the project has potential. How is it promising, and why does it have growth potential? Let me explain: $SUI has become the top performer among the 100 largest coins by market cap over the past week, demonstrating strong market performance. Rumors suggest that Asian funds are buying SUI at a 60% discount through OTC deals, potentially using retail investors as liquidity for their exit. Korean retail investors are reportedly paying full price, and SUI has become the second most popular coin on the Upbit exchange. Additionally, SUI showing significant strength in the current market, with technical analysis indicating a strong pattern. Some traders are optimistic about its potential in the event of market growth. Trading volume for SUI has increased by 90% in the last 30 days, reflecting growing interest and activity around the token. Therefore, we may realistically see a local rise in the asset towards the nearest resistance level for liquidity gathering, followed by a correction aimed at shaking out weak hands. As always, we’ll see how things play out. Wishing everyone profit!
Everything is going as mentioned in yesterday's review—we collected liquidity and reached a good entry point. Now waiting for the setup to play out. Stop is in place.
The price has bounced off a strong support level and continued its upward movement. We started accumulating our spot position just in time! This project has the potential to reach $600 - $800, even if it seems unrealistic now!
What makes this project unique, and why do I believe in the growth of this asset? Is AAVE worth holding for the long term?
The project is actively developing, especially with its stablecoins GHO and aTokens, which have fueled the token's growth. In July, AAVE's price rose by 45%, reaching $135. This was made possible by a revamp of its tokenomics and risk management, which attracted institutional investors and improved market sentiment.
AAVE is also expanding through new initiatives and partnerships. Through Sky Aave Force, a collaboration with the Sky ecosystem, the company is integrating $USDS and sUSDS stablecoins into Aave V3 and launching a new market with unique rewards.
Despite the downturn in the crypto market, AAVE has shown resilience, with revenues hitting a record high in Q2 2024. The protocol remains a leader in TVL across all blockchains and is likely to continue capturing a significant market share.
AAVE is expanding its presence across various blockchains. Recently, Aave V3 was launched on ZKsync Era, improving the protocol’s scalability and security, opening up new opportunities for institutional users.
Investors are optimistic about AAVE due to its growth to 2.2 million users and financial stability. The protocol remains one of the most profitable in #DeFi , making it an attractive investment.
And that’s not all! The project has grand plans ahead!
AAVE plans to integrate new assets (cbBTC, USDS), expand to non-EVM blockchains, and enhance liquidity with the Aave V4 upgrade. They are also considering products for real-world asset engagement and further improvements in tokenomics to boost resilience.
All of this perfectly aligns with my vision! I will continue accumulating this asset on spot at every dip! My average entry point is $111. Let's see how this plays out! Wishing everyone profits!
$NSN - Nansen's platform documents have revealed mentions of an upcoming token and points for staking. Points/tokens will be distributed for staking via the platform, with points launching in 2025. Nansen subscribers will also receive points retroactively.
#ETH $ETH has reached the buying zone I mentioned earlier ($2200 - $2100). The price made a dip to around $2150, where a strong buyer is pushing it upwards. Currently, $ETH is approaching the resistance zone at $2350 - $2400. If we successfully break through the $2400 resistance, we can expect a retest and then a move to the $2550 - $2600 range. I’ll be looking to enter after the breakout on the retest. If we don't see a breakout above $2350 and consolidation in this price range, we could drop t
At the $57,000 level, we’ve seen massive liquidity being scooped up. My current expectation? A pullback to form a clearer structure. In the next 24 hours, I don’t see any catalysts pushing us past $58,500—I’m looking for a reversal from here!
Fundamentally:
$BTC traded tightly between $54,000 and $55,000 over the weekend. Analysts are saying it’s “severely undervalued” ahead of major macro events like the upcoming Consumer Price Index (CPI) release. #Bitcoin ETFs have seen a dip in assets from
$BNB has returned to a strong support level and tested a key volume level (gathered liquidity), resulting in a bounce off the support level, where a significant buyer is pushing the price up. It is quite plausible to see a move towards at least the resistance level. Fundamental Analysis: Recent discussions around $BNB focus on the implementation of Proposal Builder Separation (PBS) in the BNB Chain, which has alleviated issues related to MEV by allowing transactions to bypass the mempool. As a r