Active purchases on alts continue today, with a target, like ether, of retesting the opening level of last week. This level is resistance until ether goes above 3750-4000 and then there is a possibility of a reversal of the current weekly candlestick to bearish. Attempts to reversal with active sales can be expected tomorrow and on Friday.
Before the start of a new week, let's consider the market position and the prospects for the new weekly candle. After an aggressive continuation of sales within the annual pullback, as expected, Ethereum is attempting a reversal, aiming for a retest of 4000 at least and a probable consolidation above. Today - tomorrow, the likelihood of a new impulse of sales at 3150-250 remains, with a continuation of growth from the second bottom. From 3750 and 4000, aggressive bounces can be expected due to the low opening of the week and the ongoing probability of transitioning to stable sales from the retest of 4000. The outgoing statistics and dynamics of the currency market will have a significant impact.
Unfortunately, against the background of the forecast for the further dynamics of the US interest rate and strong GDP data, we did not see a reversal of the weekly candles since Wednesday and the market headed for a retest of 3000-3100, which I have been indicating for the past few weeks, this week, and not next week. The target range was reached today, then there is a high probability of a new attempt to reverse the weekly candles for individual alts, in connection with which you can add to the coins. In an optimistic scenario, the pullback for the current week will turn into growth for the new weekly candle and Ethereum will return to the bullish trend with consolidation above 4000. In a less volatile scenario, growth attempts over the weekend will be extinguished with the week closing below 3250. In this case, in the new week you can only count on a retest of 3750-3900, from where sales will continue. In both scenarios, until the end of the month, there is still a possibility for an attempt to reverse the monthly candle for alts. For Bitcoin, the main support this week is the 89-95k range. The move to 75k is still relevant, but the likelihood of working out this target closer to the end of the year or in January prevails.
Today another delisting announcement was made, in connection with which I warned against working with coins of the monitoring tag in the first half of the week. Now the coins that were not included in the announcement are becoming interesting. First of all, this is VITE, which is the most oversold at the moment. Last week, a signal was left for a further re-high and a probable test of the key level of 0.025, opening the way to 0.035-50. Considering the assignment of the monitoring tag, I do not think that the price will easily consolidate above this level, despite the strong signal for a retest near 0.035.
Against the backdrop of maintaining purchases this week, there is a fairly high probability of a new high for VIB, which has already given 6 waves of 25-70% over the last two months. Attempting to grow against the established bearish trend on the monthly chart from most levels results in technical pullbacks to the base of the previous figure, providing new opportunities for scalping while the token remains in a fairly oversold position with low risk of drawdown. For now, the goal in a calm market is to continue the reversal of the annual candle with an attempt to test the range of 0.15-25.
Today we have passed the middle of the month, I want to consider the prospects for the end of the year. The second half of the month opened positively for Ether above 3750 and 3850, which gives signals to exit above 4000 with the goal of testing the range of 4250-4500. For altcoins, this is a positive signal, in connection with which we saw new growth impulses for coins for the upcoming continuation of the trend. Bitcoin opened the second half of the month above 100k, which reduces the likelihood of a retest of 75-85k in the near future. However, opening below 102.5 gives a signal for a flat around 100k with attempts to go lower. With such a picture, a move to test 110-115k is likely with a further return to 100k by the end of the year, which will also lead to a rollback in Ether, even taking into account the positive signals.
As of today, the market has consolidated in anticipation of reaching the middle of the month and determining the direction for the end of the year. The decision regarding the U.S. interest rate may have a significant impact. However, there remains the possibility for growth of individual coins that have technical signals. TROY is showing good performance, aiming to break through 0.0075. In this article, I want to consider OG, which from the second bottom at the key support of $5 can give a trend and catch up with TROY in dynamics. If it successfully breaks above the previously formed trend line, the nearest target will be to test the range of 7.5-9. With a successful opening in the second half of the month above 7.5, one can expect a trend consolidation and further higher highs. There remains pressure from unfulfilled bearish targets at 3000-3100 for Ethereum and 75-85k for Bitcoin, which means that the new wave of sales at the weekly change may be deeper, with buying back already after the decision on the U.S. interest rate, in case of dollar weakening. In this negative scenario, OG may test 3.5-4$ where one could make an addition, as was done with TROY. In the medium term, both TROY and OG are decent instruments with potential.
Against the backdrop of maintaining purchases in the first half of the month, in addition to VIB, I want to draw attention to TROY, which showed a much more confident dynamic. In the last impulse, a clear signal was left to break through the level of 0.0075, which gives a signal to move up to 0.0125-150 in perspective. At the moment, the overtrading on the daily chart has ended with successful extinguishing of further sales. There is a high probability of an attempt to consolidate above 0.0075 by the middle of the month, which would allow to extinguish sales until the end of the year regardless of market dynamics. In a negative market and a reversal of BTC to 75-85k, one can expect at least a retest of 0.0075 for TROY, which would already provide 50%+ profit. The main support at the moment is the range of 0.0025-35, from both boundaries of which additional purchases can be made besides the main position.
Today, the market continues to work according to the planned scenario. However, a rather negative factor is the lack of work on the bearish signal for a rollback of BTC to 75-85k and ETH to 3000-3100. These targets will continue to put pressure on the market and increase the likelihood of sales in the second half of the month for a reversal of the current monthly candle into a bearish one. At the moment, 105k is a strong resistance for Bitcoin, above which we may not go this year.
Today, on the brink of changing the monthly candle, I want to once again consider the market situation and prospects for the coming week. The price this week has once again worked out according to the forecast for a local breakout and test of 3750. Moving forward as planned towards the change of the month, the probability of consolidation around the key level of 3500 predominates, which determines the direction towards 5000 or 2500 in the case of consolidation below it. I think the new month will open above 3500 due to the positive opening of the half-year, quarter, and second half of the quarter, which signal support for purchases. Today, there remains the likelihood of breaking 3750 with an attempt to close the month above, but with lesser probability, as this week the attempt to retest 3000-3100 was bought back, and this target remains for the new month, which puts pressure on the market.
Today GFT reached the planned take profits despite the upcoming delisting, confirming the strength of the project and the technical goals I outlined. Congratulations to those who were not afraid to enter again during the exit pump, making a large profit. From the target range of 0.031-35, there is a prevailing probability of a lower low. It is possible to try selling on exchanges that have such an opportunity for this asset.
New opportunity for purchases after the current correction
After today's delisting, trust in coins with the monitoring tag and Binance's policy has been completely lost. Strong projects that showed decent trading dynamics, such as GFTIRISREN, are being removed from trading just to create a forced correction in each group of altcoins. From now on, I will trade all coins with the monitoring tag with equal caution, regardless of the strength of the project. I will only take such instruments into regular work strictly after the next delisting announcement and until a week after the actual delisting of the announced coins. After a week post-delisting, I will work with these instruments strictly from the second half of the week, as the overwhelming majority of announcements were in the first half. Coins with the monitoring tag still remain an interesting tool to work with, providing sharp and large growth impulses of up to 70-100%, like PROSOAXVITEAKRO, while spending most of the time in an oversold position, reducing the risk of further drawdown during market pullbacks. However, I recommend working with these instruments with sufficient experience and adhering to the protective measures I outlined.
As we approach the end of the month, the probability of a correction is growing, in connection with which I would like to once again consider the prospects for the coming week. Bitcoin successfully pierced the key level of 100k, which was the main target of the bulls, a signal for further market growth was left. However, this movement occurred against the rapidly growing dollar and closer to the close of the monthly candle there is a possibility of the cryptocurrency leveling off under the currency market with an attempt to turn the monthly candle into a bearish one. For Bitcoin, this may threaten a retest of 75-77.5k. This movement will occur against the formed trend, which with a high probability will lead to a quick buyback and a pinbar on the daily or weekly chart with continued growth in the new month with targets at 110-115 for Bitcoin.
As of today, the altcoin index is finishing a pullback on the retest of the established support at 9% and drawing a shadow on the current weekly candle. From tomorrow, there is a very high probability of a reversal of the weekly candle on the index with an attempt to break above 10%. Within this movement, one can expect reversals of weekly candles for individual coins with the aim of exceeding last week's highs at least.
Week's reversal within an attempt to continue the trend for coins
As of today, we have reached the middle of the week, after a slight pullback and the formation of a shadow in the current weekly candle, some coins are returning to continue the trend. Good impulses of up to 40% were shown by AST and VIB, which I considered for work primarily. According to AST, there was no breakout of last month's candle, which indicates a possible attempt to continue sales in the event of a significant overall market correction by the end of the month. However, there is a local breakout on the daily and weekly charts, showing a clear inclination to continue buying. Given this situation, I believe purchases will continue, but with a high probability already in the new monthly candle if the current one closes bullish.
The previous major impulse left signals for a retest of 0.025-35 at least and a move to 0.075-125 in the end. I prefer to constantly hold a major position everywhere below 0.0175 and additionally scalp when the price drops below.
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$GFT Currently, **GFT (Gifted Token)** is showing some mixed signals, indicating a cautious short-term outlook, making it more **bearish** for today. The cryptocurrency is trading at **$0.01677** and faces challenges like market volatility, with little upward momentum in the current trend. However, some support levels are holding, and the potential for recovery exists, depending on broader market sentiment.
Target Price: $0.0175 Buy Price: $0.0163
Article: Gifted Token (GFT) has struggled to find strong bullish momentum despite a stable current price of **$0.01677**. As the market remains uncertain, GFT is currently trapped in a narrow range. Traders should watch for any break above **$0.017** to shift sentiment to the bullish side. On the downside, a drop below **$0.0163** could signal further declines. Short-term traders should be cautious, while long-term holders might consider waiting for signs of a more sustainable rally.
$GFT Oh, my grandchildren, sit down and let grandma tell you about GFT, which is like a digital treasure of the modern world. Gifto is a cryptocurrency that started as a creative project, focused on bringing virtual gifts to content creators. Over the years, it changed direction and is now a token focused on decentralized finance (DeFi), with tools for creating digital wallets and faster payments.
Now, as for the chances of growth of this little coin in the future, there are mixed predictions. Some experts are optimistic, saying that the price could increase and reach values between $0.02 and $0.03 by the end of 2024, representing a return of up to 22% if all goes well. Others, more pessimistic, think that it could fall below $0.01 depending on the market. As for 2027 and beyond, some analyses indicate that the value could grow considerably, surpassing $0.08 in positive scenarios, but always with risk involved.
Grandma always says: before investing your "small change" in any investment, do your research and think about the future. And remember, the cryptocurrency market is like a rollercoaster – exciting, but full of ups and downs!