#TopCoinsJune2024 "SELL IN MAY AND GO AWAY" Was this a valuable advice? Maybe. If you did, you probably have a good amount of capital to deploy on this recent dump. With the recent selloff, there are many good opportunities to #buythedip on some high-quality projects. Here are my top 5 on my radar 👀 :
$GRT
PROJECT: THE #AI GOOGLE OF BLOCKCHAIN You probably already saw my posts about this sleeping giant, but here's a quick recap if you missed it. The Graph is an indexing protocol aimed at improving accessibility to blockchain data. It enables users to conveniently search for Ethereum-based data through simple queries, just like Google but on the blockchain. Wondering about a possible entry? I've got you covered 👇 PA Possible PO3 happening: First accumulation, then manipulation, and finally upward expansion. Probability? It all depends on the $0.29 level recovery (in orange). If the price recovers strongly and holds above it, the target is set at $0.43 (+50%)
$TNSR
PROJECT: NFT Trading Platform on Solana characterized by advanced functionalities like TradingView integration, collection-wide bids, and market-making orders. PA The price is still floating and accumulating at low levels. Getting back to the $1.30 range is key to maintaining the bullish momentum. Price tested it but got rejected. It will likely scoop some liquidity below that area before attacking the resistance again. Breaking through could propel us to higher levels, with a target of $2.
$BB PROJECT: DEFI for $BTC The first megadrop was an impressive event. But despite all the acclaim, there's more beneath the surface. BB is the first Bitcoin restaking protocol. Institutional involvement in BTC Layer 2 solutions is increasing, and BB’s recent price movements suggest potential for significant gains. Don't get caught off guard. PA After the initial distribution, the price recovered to higher levels. A retest of previous support around 0.60$ is likely, but from there we could continue into the price discovery zone. Target? All depends on the BTC L2 narrative explosion. Long term is still a good entry zone. The potential is massive.
$RNDR
PROJECT: Many parallels have been done, linking RNDR with NVIDIA Render Network is the leading provider of decentralized GPU-based rendering solutions, revolutionizing the digital creation process. You can imagine the potential upside if AI explodes. PA As analyzed in my previous posts, a clear bullish flag was slowly forming on the D. However, the deviation was greater than expected, making this a decisive moment. Recovering the range with strong confirmations (volume, recovering support levels, etc.) will be essential to keep going higher. If we recover that, we'll likely see some distribution before breaking out towards $12.5.
$INJ PROJECT: Last but not least, Injective Protocol. Injective is a blockchain built for finance. It's an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more. Many important key player of the crypto sphere are already involved in this project and Binance is one of them! PA After an initial strong rise, the price lost an important support level, which has now turned into resistance. It tried to break through this resistance around $30 but got heavily rejected (look at those wicks!). Claiming that level is key to seeing new highs, but first, there will probably be some lateral distribution.
Many important upcoming developments in the crypto market are ahead of us and these projects have strong potential because they are based on solid foundations. Stay alert and ready to act on these opportunities.
IMO waiting now is the best option. I will wait till the correction phase exhaust, and when there are the first signs of a reversal, I will consider taking a position.
We might drop further to around $3, so be careful if you are trading it.
The macro outlook is slowly turning bearish. What initially seemed like manipulation now appears to be the first sign of capitulation.
The price is now at a decisive moment, as further decline will invalidate the current structure. Failing to hold the $3.6-$3.8 level might bring us down to around $3.
A price below $4 will still be a good accumulation zone for the long term. To regain bullish momentum, I need several confirmations, starting with recovering $4 and then $4.8.
Altcoins market is bleeding right now 🩸🩸🩸 But when looking for altcoins next move, there is a graph you should always consider:
TOTAL 2 - Crypto market cap excluding $BTC
Historically, one of the most useful indicators in crypto analysis to detect #Altseason
But, why leave out $BTC ? 💎
As a heavyweight in the crypto scene, it tends to overshadow the performance of other coins and distort our perception of the overall market. Taking it out of the equation lets us see the current state and direction of the crypto market more clearly and accurately.
Looking at the chart, it is clear we faced rejection at 1.2T level.However, despite the market turmoil we are still at higher levels and the macro structure remains bullish.
Celebrating a Milestone: UXLINK Surpasses 10 Million Registered Users!
UXLINK has achieved a remarkable milestone with over 10 million registered users. Unlike conventional web3 projects that count each wallet address as a user, UXLINK sets itself apart with a rigorous authentication process. This ensures authenticity by filtering out fake accounts and providing reliable data for fair reward distribution.
As a registered user of UXLINK, your engagement and contributions are not just recognized but also rewarded, fostering a community built on genuine interactions. This approach not only boosts investor confidence and attracts quality funding but also enhances the overall user experience.
Looking forward, UXLINK remains committed to expanding its offerings and services, promising innovative experiences for its growing user base. This milestone not only signifies UXLINK's rapid growth but also heralds an exciting future filled with continued advancements and opportunities.
After a strong rally to $2.50, the price has now retraced back to the $2.00 zone. Moreover, yesterday's daily candle did not look good at all, showing a bearish engulfing pattern.
That could be a sign of a further retracement, as we lost the key level of $2.28.
Why?
Just look at how the price reacted to that level.. it was a strong level! Holding that was key to keep the going higher.
I am expecting now some FVG to be filled around $2.20 first before dropping back towards the support zone of $1.90.
I will stay on the sidelines until I have proper confirmations, even from the big brother, $BTC
When trades go according to your plan, it always feels great. It's rewarding both because of the profits you earn and the success demonstrated by the effort and study you put into it.
Now let's keep smashing it!! 🔥
Point by point (check the post attached) 👇
-Retest of that area around 27$ ✅️ -Hold that level ✅️ -Fly back above 30$ ✅️
The macro outlook is slowly turning bearish. What initially seemed like manipulation now appears to be the first sign of capitulation.
The price is now at a decisive moment, as further decline will invalidate the current structure. Failing to hold the $3.6-$3.8 level might bring us down to around $3.
A price below $4 will still be a good accumulation zone for the long term. To regain bullish momentum, I need several confirmations, starting with recovering $4 and then $4.8.
Let's see 👀⚠️
LIVE
JJ_Crypto
--
Em Alta
$WLD
The key level to watch 👀 Trading setup idea💡
Despite yesterday's significant selloff, consolidation is still ongoing.
The price tested the $4.35 level multiple times which is becoming a strong support zone( if it hold now)
However, the real key level is around $4.80. That's the resistance level which separates the highs from the lows
If we can recover that area, we could potentially start to move higher again Until then, we are likely to remain at the lows $4 level might be a good accumulation zone
Price broke through the first support at $0.017. The next stop is the $0.0133 level. The price will probably bounce from that level but if it drops lower, $0.006 will be the next level to watch.
Be careful in trading with leverage, high volatility and easy invalidation⚠️
The deviation is a bit greater than I was expecting. D and W closing will be now fundamental for determining the next move.
Recovering the range would be ideal to maintain the bullish structure, but that would also need more confirmations. in this case, spot could be a good option.
P.S. I’ll take this weekend off from trading. Too much volatility around. Waiting for the market to settle down to see which direction we are heading.
Despite yesterday's significant selloff, consolidation is still ongoing.
The price tested the $4.35 level multiple times which is becoming a strong support zone( if it hold now)
However, the real key level is around $4.80. That's the resistance level which separates the highs from the lows
If we can recover that area, we could potentially start to move higher again Until then, we are likely to remain at the lows $4 level might be a good accumulation zone
The deviation is a bit greater than I was expecting. D and W closing will be now fundamental for determining the next move.
Recovering the range would be ideal to maintain the bullish structure, but that would also need more confirmations. in this case, spot could be a good option.
P.S. I’ll take this weekend off from trading. Too much volatility around. Waiting for the market to settle down to see which direction we are heading.
Funding rate is high, expecting some flash dumps⚠️ That is why I am placing orders on key levels, hopefully that the flash will fill them. Let's see 👀 Be careful in trading with leverage.