Resistance levels are key price points where selling pressure prevents upward movement. $8–$9 may lack resistance if price moved swiftly, with stronger resistance likely at $10-12
Verda Doutt Tqh8
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Where do you get those ressistance levels? Is there no resistance at 8, or 9? What you mean by that?
Technical Analysis 1. Current Price: ~$2.20 2. Resistance Levels: • Immediate: $2.30 • Strong: $2.50 3. Support Levels: • Immediate: $2.10 • Strong: $1.90 4. Indicators: • RSI (Relative Strength Index): RSI is in the 70 range, indicating overbought conditions. This suggests possible short-term consolidation or minor pullbacks. • MACD: Momentum is still positive, with the MACD line above the signal line, but the histogram is showing weakening strength. • Bollinger Bands: XRP is trading near the upper band, indicating potential for cooling off or retracement. 5. Volume: • Volume has increased significantly, suggesting strong market participation and possible continuation of bullish momentum in the short term.
Market Sentiment • Bullish Catalyst: • The Ripple CTO’s commentary about RLUSD Stablecoin and potential partnerships has increased positive sentiment. • Broader crypto market optimism is driving interest in altcoins.
• Bearish Risks: • Profit-taking pressure after recent large price increases. • General market volatility and possible Bitcoin corrections.
Weekly Prediction 1. Scenario 1: Bullish Continuation (60% Probability) • If XRP sustains above the $2.10 support, it could test the $2.30 resistance early in the week. • Breaking $2.30 may lead to a push toward $2.50.
2. Scenario 2: Consolidation or Pullback (40% Probability) • If selling pressure intensifies, XRP might retrace to the $2.10-$2.00 zone before stabilizing.
Trade Setup • Entry Point: $2.10–$2.20 (on minor pullbacks). • Target 1: $2.30. • Target 2: $2.50 (if volume and momentum remain strong). • Stop-Loss: Below $1.90.
This week is likely to see high volatility, with a bias toward testing higher resistance levels. XRP’s price action will depend on volume sustenance and broader market movements. Watch for $2.10 as a key pivot point
• Long-Term Holders: • Continue holding for $120,000–$125,000 targets.
Sentiment Analysis:
Market sentiment appears moderately bullish due to institutional activity and ETF news. However, volume spikes at resistance levels suggest cautious optimism.
Long-Term (Next 1-3 Months) • Trend: Bullish with higher highs and higher lows • Key Levels: • Resistance: $108,000 (all-time high zone). • Support: $85,000 (monthly support zone). • Indicators: • On the monthly chart, BTC is forming a strong bullish engulfing pattern. • Institutional inflows and volume indicate accumulation by long-term investors. • Forecast: • BTC is likely to test $100,000 by mid-Q1 2025, with a chance to breach $108,000 if macroeconomic conditions support a risk-on environment.
Mid-Term (Next 1 Week) • Trend: Bullish continuation with potential pullbacks • Key Levels: • Resistance: $97,000 (major resistance). • Support: $92,500 (critical for the trend to remain bullish). • Indicators: • MACD shows bullish momentum. • Weekly RSI is climbing but still below overbought levels, leaving room for upside. • Forecast: • BTC is likely to retest $97,000. If there is strong buying momentum, it could breach $100,000 psychological resistance.
Short-Term (Next 24 Hours) • Trend: Sideways to slightly bullish • Key Levels: • Resistance: $95,500 • Support: $94,000 • Indicators: • RSI is hovering near 60, showing moderate bullishness. • Stochastic RSI is slightly overbought on lower timeframes (5m, 15m), indicating a possible pullback. • Forecast: • BTC is likely to range between $94,500 and $95,500 with a breakout depending on volume. If volume increases, BTC could test $96,000. • Probability: 70% chance of consolidation with a slight upward bias.
It might go to 0.7 or 1 but always play it safe, as it demand control and as buyer the only thing in your control is research and risk/reward control.
RxT9897
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Small quantities are for sale They are trying to spread fear among traders At night there will be a greater acquisition of large quantities Scrt, it's will go for .70 just wait
#DOT 1. Current Price Overview • Current Price: $7.03 • Resistance Levels: $10, $15, $20 • Support Levels: $6.50, $5.80 • Trend: DOT has broken out of a falling wedge pattern on the weekly timeframe, signaling a potential bullish reversal.
2. Technical Analysis
Fibonacci Extensions • Using the last major swing low ($3.65) to swing high ($11.65), the Fibonacci extensions provide targets: • 1.618 Level (Key Resistance): ~$24 • 2.618 Level: ~$34
Moving Averages (MA): • Short-Term (7 EMA): Bullish, price above $7 EMA • Medium-Term (25 EMA): Likely to
cross soon, confirming a bullish crossover. • Long-Term (99 EMA): Resistance near $10. Clearing this level strengthens the long-term bullish trend.
RSI (Relative Strength Index): • Current RSI (Weekly): ~47 (neutral zone). DOT needs to cross 60 to confirm strong bullish momentum.
MACD (Weekly): • MACD histogram shows reducing bearish momentum. A bullish crossover could signal the start of a strong uptrend.
3. Time Forecast Using Technical Patterns
Falling Wedge Breakout • Historically, after a falling wedge breakout, cryptocurrencies see significant price gains within 2 to 5 months.
Measured Move Analysis: • The distance from the wedge’s widest point (~$11.65 - $3.65 = $8.00) suggests a projected price target of $24.00. • Based on the breakout velocity: • Short-Term Target: $10 (within 1 month). • Mid-Term Target: $15 (within 3 months). • Long-Term Target: $24 (within 6–9 months).
Historical Price Movements: • DOT has historically shown strong parabolic moves after crossing key resistances. Clearing $15 could accelerate the move to $24.
4. Probable Timeline for $24 • 1 Month (January 2025): Consolidation around $10. • 3 Months (March 2025): Breaking $15 with strong momentum. • 6–9 Months (June–September 2025): DOT reaches $24 if bullish market sentiment
SCRT/USDT Buy Setup 1. Entry Price: $0.4900. 2. Stop Loss (SL): $0.4600. 3. Take Profit 1 (TP1): $0.5200. 4. Take Profit 2 (TP2): $0.5700. Explanation: • SCRT gained 23.01% with high volume and strong technicals. • Trend: Sustaining above EMA levels; suggests continuation of the trend. • Volume: Buyers have strong control, confirmed by MACD.
XVG/USDT Buy Setup 1. Entry Price: $0.0150. 2. Stop Loss (SL): $0.0140. 3. Take Profit 1 (TP1): $0.0170. 4. Take Profit 2 (TP2): $0.0200.
Explanation: • XVG gained 22.66%, indicating a breakout. • Volume and RSI: High volume with manageable RSI, showing potential for a continued trend. • EMA Support: Price is above EMA, suggesting sustained buyer control.
REQ/USDT Buy Setup 1. Entry Price: $0.1400. 2. Stop Loss (SL): $0.1300 3. Take Profit 1 (TP1): $0.1600 - 0.18
ATA/USDT Buy Setup 1. Entry Price: $0.2030 (current price after a 96.42% surge in the last 24 hours). 2. Stop Loss (SL): $0.1850 (below key support from recent pullback and EMA levels). 3. Take Profit 1 (TP1): $0.2200 (resistance zone after the breakout, short-term gain). 4. Take Profit 2 (TP2): $0.2450 (next Fibonacci extension target).
Explanation: • ATA experienced a significant price surge, likely driven by strong news or large buyer interest. • Volume: High volume indicates strong momentum; however, risks of a pullback are present. • RSI: RSI is likely in overbought territory; a consolidation phase may follow before another leg up. • MACD: Positive momentum on shorter timeframes, supporting continuation. • Recommendation: Enter cautiously, as price might retest support before another breakout.
ETH thoughts ETH/USDT Trade Setup 1. Entry Price: $3,389 (current level is consolidating above EMA levels). 2. Stop Loss (SL): $3,310 (below the 4-hour EMA support and previous low, minimizing downside risk). 3. Take Profit 1 (TP1): $3,520 (near previous resistance, short-term profit). 4. Take Profit 2 (TP2): $3,680 (next Fibonacci level and breakout target).
Probability Analysis • TP1 Hit Probability: 75% (bullish consolidation with RSI in a healthy range). • TP2 Hit Probability: 60% (requires breakout above $3,520). • Stop Loss Trigger Probability: 20% (market sentiment and EMA levels are strongly supportive).
Key Observations: • Volume Surge: The volume is increasing, indicating buyer activity. • MACD Crossover: Positive MACD on the 4-hour chart signals bullish momentum. • RSI Analysis: RSI is in the neutral to slightly overbought range, supporting further upside. • Market Sentiment: Positive news about Ethereum ETFs and strong institutional inflows support bullish momentum.