➡️BTC.D already broken the rising wedge in May/ June this year and now retested strong weekly resistance at 57.17% in the first week of Aug this year when global markets went down. IMO, it was a capitulation event for this year before the next big leg up in all assets. A lot of people are concerned and asking about the ALT season this bull market. I believe this market is doing the same as it did back in the previous cycles. Once the BTC.D starts going down, you will see crazy pumps 50-100x pumps in low caps, 10-20x in mid caps, and 4-5x in higher cap coins. IMO, we will see the ALT season very soon and it can start as early as the first of week of Sept or can even further take 3-4 week, but we are just right there. Hang on to your coins guys if you had bought in the bear market.
The chart clearly shows a symmetrical triangle formation. This type of pattern typically indicates that the price is consolidating within narrowing ranges and a breakout (in either direction) is likely to occur. Symmetrical triangles can break out either upward or downward. To determine the breakout direction, pay attention to the trading volume. Fibonacci Levels:
Fibonacci retracement levels are marked on the chart to identify potential support and resistance zones. Levels such as 0.786, 0.618, and 0.5 are highlighted, showing where the price might react. Key Support and Resistance:
The lower boundary (around 0.0130) appears to act as support, while the upper boundary (around 0.0140) serves as resistance. If the price breaks above the upper triangle boundary with volume, it could test higher resistance levels. Conversely, a breakdown below the triangle may lead to a move towards lower support zones. Potential Scenarios: Bullish Scenario: If the triangle breaks upward, the target price is usually calculated as the height of the triangle added to the breakout point.
Bearish Scenario: If the triangle breaks downward, the target price is typically the height of the triangle subtracted from the breakdown point.
Suggestions: Watch the Volume: An increase in volume often confirms the strength of the breakout.
Set a Stop-Loss: Place a stop-loss near the triangle's lower or upper boundary to manage risk.
Use Additional Indicators: Tools like RSI or MACD can provide insights into trend strength and momentum.💥🚀
The chart clearly shows a symmetrical triangle formation. This type of pattern typically indicates that the price is consolidating within narrowing ranges and a breakout (in either direction) is likely to occur. Symmetrical triangles can break out either upward or downward. To determine the breakout direction, pay attention to the trading volume. Fibonacci Levels:
Fibonacci retracement levels are marked on the chart to identify potential support and resistance zones. Levels such as 0.786, 0.618, and 0.5 are highlighted, showing where the price might react. Key Support and Resistance:
The lower boundary (around 0.0130) appears to act as support, while the upper boundary (around 0.0140) serves as resistance. If the price breaks above the upper triangle boundary with volume, it could test higher resistance levels. Conversely, a breakdown below the triangle may lead to a move towards lower support zones. Potential Scenarios: Bullish Scenario: If the triangle breaks upward, the target price is usually calculated as the height of the triangle added to the breakout point.
Bearish Scenario: If the triangle breaks downward, the target price is typically the height of the triangle subtracted from the breakdown point.
Suggestions: Watch the Volume: An increase in volume often confirms the strength of the breakout.
Set a Stop-Loss: Place a stop-loss near the triangle's lower or upper boundary to manage risk.
Use Additional Indicators: Tools like RSI or MACD can provide insights into trend strength and momentum.💥🚀
As i can see ETHUSD now trading above 2500$ and now just break 2800$ which is a good sign fro us to buying more here with a small risk as we mention in Stop Loss Friends this chart is show us a harmonic pattren here too which is 2nd confirmation to continue the trend after this drop Friends its just a trade idea based on Tecnical analsysis with funadaments too do a proper research before entring in to any trade Support🙏 the idea it help many other traders
$SEI | Fast Short-Term Bullish Wave: 90% - 195% Potential
Next in line is SEI: A promising new altcoin project.
Notice the black line on the chart. This level worked as resistance back in late 2023. SEIBTC moved below it as in a stop-loss hunt event. As soon as the pair traded back above, strong bullish action developed.
A resistance level once conquered turns support.
Present day (right side), we can see SEIBTC finding support at the same level that worked as resistance previous to the 2023 massive bullish wave. There is potential for a bounce to develop here because this is a strong support. As prices start to bounce, we get a confirmed "higher low." The higher low goes like this: Main low October 2023, higher low August 2024.
A year long higher low is a strong bullish signal. The correction is almost eight months long.
This is a short-term move being mapped here, but we can expect growth long-term after this initial bullish breakout gets corrected... Remember to develop a plan; when to get out if things go right or wrong -before you decide trade.
$ In daily timeframe, falling wedge breakout is rone
Ready for a breakout in #SAND but right now we can see that #SAND is trading in its crucial resistance zone and if #SAND breaks the resistance zone then we would see a bullish move 100,
Current Price - $0.2960
✔Target Price $0.4700
❗❓ What to do?
We have marked crucial levels in the chart [#SAND ]. We can trade according to the chart and make some profits.
$ROSE has been in a bearish trend since March 2024. The price has nearly reached the support range between $0.04305 and $0.05452.
With the current price of $0.06, ROSE will likely test the 21 EMA resistance. A rejection could pull the price toward the support range, followed by a strong rebound.
The RSI is in the oversold range, and a bullish rally can be expected if the market favors the bulls.
Key levels:
Support/Accumulation: $0.04305 to $0.05452.
Primary Resistance: 21 EMA.
- Long-term Target: $0.23.
DYOR, NFA.
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Tron (TRX): Price Is Way Overbought, Time To Sell?
$TRX Tron coin is next on our radar and straight away, looking at the chart, you can see that the price is overbought.
Bollinger Bands are broken and RSI is in overbought zones. We are looking here for a local support zone to be reached (tested) and, from there, a possible break of support to happen as well!
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
🟠Following the market crash in August 3, ETH fell by 37% from $3,639 down to $2,150. The pair has since pulled back by 30% currently sitting at $2,613.
🟢While Bitcoin recently reached a new ATH, ETH on the other hand only reached $4,000, $800 lower than it's ATH. This makes this recent price fall a lucrative price to buy for long-term holders specially the current price at $2,610 and the $2,150.
🔵 There has been a significant increase in both staking and restaking of ETH, which supports Ethereum's proof-of-stake (PoS) consensus mechanism. EigenLayer, a restaking platform on Ethereum, saw an 11% increase in its total value locked (TVL) in one week, signaling growth in the restaking market.
🟡Positive fundamentals followed by a overall market recovery would reignite the bullish movement and push the price up above the 0.61 ($2,903) from there the next significant price levels to watch out for would be the 200 ΜΑ (3,240), $3,600 and $4,100.
🟤On the other hand, further bearish momentum in the crypto market in the short-term could send the price down to $2,150 which still wouldn't change the overall bullish trend However, if the price drops below this level, it could signal a potential shift in market trend, leading ETH into a prolonged downtrend or bear market.
This coin is def in the buy zone. It looks juicy in the daily and the weekly. Great opportunity to load up the bag for the next run up. Also so many other alts are on the buy zone.
Mind you the time frame is here is daily and weekly, so, good returns will be around dec 2024 or 2025.
Bitcoin is currently moving in the Support zone($60,800-$56,700) and near the Support lines.
In terms of Classic Technical Analysis, Bitcoin seems to have succeeded in forming a Falling Wedge Pattern, and an Inverse head-and-shoulders Pattern is possible.
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to rise to at least near $60,000. Bitcoin Analyze (BTCUSDT), 15-minute time frame
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the like button & Share it with your friends; thanks, and Trade safe.
📈🔜Optimism has come down around 85% from its recent high pushing into major support levels. With the test of their superchain this week and the events in Brussels I can see a turnaround in current trend.💰
1️⃣TONUSDT still continues to accumulate potential with the purpose of breaking through resistance 7.671 and continuing growth. Bulls are actively defending the zones of interest and continue to hold the positive market structure.
2️⃣Demonstration of a bullish structure. Continuation of upward movement on W1
3️⃣Earlier, on the background of the general market correction the price formed a false breakout, which did not lead to a break of the bullish structure or to a strong fall. From the area of interest (without capturing liquidity) buyers are actively buying the asset and again trying to return to the resistance retest, which will only increase the chance of a breakout. Fundamentally and technically, TON looks very positive at the moment. But this does not mean that sellers are unable to change the nature of the price movement.
📶Conditions under which the upward movement and positive structure will be broken
4️⃣Technically, there is a high probability of a continuation of the upward trend, but there is also a probability of a support break, which will break the uptrend and change the market imbalance. At this point, while the price is consolidating and continues to shrink to resistance, we should consider a bullish set-up.
✅ As we can see that there was a formation of "FALLING WEDGE PATTERN" in #LINK and given a breakdown. We are expecting a little retest towards support level and then a bullish move
📉Current Price: $13.35
🎯 Target Price: $19.227
⚡ What to do❓
👀 Keep an eye on #LINK price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡⚡ #Write2Earn! #ETHETFsApproved #AirdropGuide #altcoins