ALT - Ready for breakout? Hi, this is my new analysis for ALT. After breaking both the resistance 0.10 - 0.1030 and 50SMA/100SMA, in the last few days we have tested to see if these levels will act as support or not.
Fortunately it has been good support for ALT. At the same time we have a big descending trend line that has been tested 4 times.
I expect after breaking the trend line we are going to takeoff. The next resistance is around 0.1680 - 0.1750 and after a good ABC correction we are going much higher to next level 0.36. It is going to be up 200% from current levels.
On the daily timeframe we are getting bullish momentum on MACD and as you see we are in a good uptrend on RSI.
It is very important to hold the support levels around 0.10 - 0.1030, but if break those levels we are going much lower to 0.080.
ALT
Litecoin - LTC Free Fall to $60 ??Although Litecoin did not make the Top Altcoins for 2024 list - it is an old timer. And by this, I basically mean that it can (and will) still be traded.
From the 4h, we see some beautiful swings that can be very profitable trades, with the right entry points.
It seems the entire market is turning down following BTC. This however, could result in some good entry points and lower buying orders being filled. Getting in at the RIGHT price is one of Warren Buffet's key investment strategies. Find out more on that, here:
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BINANCE:LTCUSDT
#ALT (SPOT) entry range ( 0.07 - 0.077) T.(0.3499) SL (0.0665)BINANCE:ALTUSDT
entry range ( 0.07 - 0.077)
Target1 (0.1530) - Target2 (0.2690) - Target3 (0.3499)
SL .1D close below (0.0665)
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ALT layer USDT #ALT #Altlayer (Bearllionaire Status)Project description: ALT Layer is a scalable layer-2 network designed to provide customizable, high-performance, and application-specific rollups for decentralized applications (dApps) on Ethereum and other blockchains.
Type of project: Layer 2 scalability solution with customizable rollups.
Is it under a block?: Yes, ALT Layer operates as a Layer 2 protocol on Ethereum and other major blockchains, providing customizable rollups that offer scalability while leveraging the security of the base layer.
Latest update or news: As of July 2024 while ignoring other irrelevant news, ALT Layer launched its Rollup-as-a-Service platform, enabling developers to deploy custom rollups in minutes, aimed at scaling dApps and reducing congestion on Ethereum.
Narrative: Layer 2 scalability, Ethereum ecosystem, and modular blockchain infrastructure.
Why is it a good investment?
Institutional Backers and Angel Investors:
Coinbase Ventures: Known for its investments in Layer 2 and scalability projects, Coinbase Ventures has backed ALT Layer due to its potential to alleviate Ethereum’s congestion and improve dApp performance.
Binance Labs: Binance’s venture arm has invested in ALT Layer, recognizing the need for scalable Layer 2 solutions and the demand for customizable rollups within the DeFi and NFT spaces.
Polychain Capital: Polychain Capital has supported ALT Layer to drive innovation in the Layer 2 sector, specifically focusing on reducing gas fees and improving transaction throughput for high-demand applications.
Angel Investors:
Vitalik Buterin (Co-founder of Ethereum) has expressed support for Layer 2 solutions, though there’s no direct investment in ALT Layer, his encouragement for rollups aligns with the project’s goals.
Stani Kulechov (Founder of Aave) has shown interest in Layer 2 solutions that improve DeFi scalability, and while there is no confirmed investment, ALT Layer fits the criteria of projects he supports.
Futuristic Use Case:
Scalability for dApps: ALT Layer is designed to provide customizable rollups that can be optimized for specific decentralized applications (dApps), enabling developers to create high-performance environments that scale with their user base. This is crucial for DeFi, NFTs, gaming, and other sectors that require high throughput.
Multi-chain integration: ALT Layer is not limited to Ethereum and can extend its rollup services to other blockchains, making it an ideal Layer 2 solution for projects that need scalability across multiple chains.
Custom Rollup-as-a-Service: With the launch of its Rollup-as-a-Service platform, ALT Layer offers developers the ability to deploy tailor-made rollups that suit their specific application needs, giving it an edge over general-purpose Layer 2 networks.
Enterprise adoption: Enterprises looking to adopt blockchain technology can use ALT Layer to develop private, scalable rollups that integrate with public blockchains like Ethereum. This opens up new use cases for enterprises in industries such as supply chain, finance, and gaming.
Why will it make a significant amount of profits?
Unique competitive edge: ALT Layer’s customizable rollups provide a tailored Layer 2 solution for decentralized applications, offering greater flexibility than general-purpose Layer 2s like Optimism or Arbitrum. This makes it especially appealing to developers who need more control over transaction throughput and cost-efficiency.
Rollup-as-a-Service model: By offering Rollup-as-a-Service, ALT Layer creates a sustainable revenue stream, as developers and enterprises will need to pay fees to deploy and maintain their custom rollups. As demand for scalable blockchain applications grows, this service will attract significant usage and increase demand for NASDAQ:ALT tokens.
Scalable ecosystem growth: ALT Layer’s ability to integrate with multiple blockchains gives it a wide market, positioning it to capture a significant share of the Layer 2 scaling space as more chains adopt rollups for scalability. This cross-chain capability drives value to NASDAQ:ALT tokens as the protocol expands its ecosystem.
Growing Layer 2 demand: As Ethereum and other Layer 1 blockchains face increasing congestion and high gas fees, Layer 2 solutions like ALT Layer will become essential for maintaining a seamless user experience. This growing demand for scalability will drive adoption and value for ALT Layer’s services.
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ATOM - Ideal BUY BACK Zone ApproachingThe greatest thing about bullish impulses / parabolic upwards price action, is when you know you can ride the tide because you ALREADY have a position.
However, this means having the courage to buy when the prices are low and there is no immediate sign of a turnaround to the upside. I'll say again; profits are made in bullish markets but secured during bearish markets.
This will, of course, largely depend on the direction of BTC over the next few weeks. So don't miss that important update HERE:
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BINANCE:ATOMUSDT
ETH Update - 02.09.2024 / Local UpdateAt 4h: we observe trading under the lower boundary of accumulation and formation of seller and liquidity imbalance zones from above behind the highs and the upper boundary of accumulation.
At 1h: here I expect either a liquidity re-sweep from the low or an inversion and a move to liquidity at the local high.
Stick to your risk managment!
Could #ALT have found a local bottom?#Alt 1D chart;
It still hasn't regained the 50EMA line it lost in April.
Although it tried to turn bullish on the signal of non-compliance, it failed due to market conditions.
Could it have found a local bottom?
There is a 24% difference between the last bottom and the current level.
Although this is related to how bad the market could get in a bad scenario, the $0.665 level could be a good place to buy gradually.
Note the resistance levels indicated by orange arrows.
ALTLAYER with BTC pair (investing chart)hello dear trader and investors
About Altlayer :
AltLayer is an open and decentralized protocol for rollups. AltLayer brings together a novel idea of Restaked Rollups which takes rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality by leveraging restaking mechanism.
ALT is AltLayer's native utility token and is used in the following functions:
Economic bond: ALT token will be used alongside restaked assets to provide economic stake. This stake can be slashed if a malicious behavior is detected.
Governance: ALT token holders can vote on governance decisions.
Protocol Incentivization: Operators in the AltLayer ecosystem can earn ALT tokens as rewards for their services.
Protocol Fees: Network participants will need to pay for intra-network services in ALT tokens.
AltLayer’s core offering of restaked rollups consists of three key products:
VITAL: An Actively Validated Service (AVS), where operators verify blocks and the corresponding states committed by the rollup sequencer and raise fraud proof challenges if necessary.
MACH: A protocol to provide faster finality to rollups by allowing operators to restake Ethereum-based assets to back any claims on the rollup state.
SQUAD: Offer decentralized sequencing with economic backing. Decentralized sequencing eliminates short-term liveness concerns, bad MEV, rent extractions and other issues associated with rollups that operate with a single sequencer.
AltLayer has raised 22.8MM USD from two rounds of private token sales, where 18.50% of the ALT total token supply has been sold at 0.008 USD / ALT and 0.018 USD / ALT respectively.
AltLayer’s investors include Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase and former GP of a16z), Gavin Wood (Co-Founder of Ethereum and Parity), Sean Neville (Circle Co-Founder and USDC architect) and Ryan Selkis (Founder of Messari), among others.
As of January 17th 2024, the total supply of ALT is 10,000,000,000 and the circulating supply upon listing will be 1,100,000,000 (11.00% of the total token supply.)
ALT looks bearish (12H)It seems that the price inside wave B is big.
The large A wave is a triangle that has ended.
Big wave B looks like a zigzag, we are in wave b of this zigzag.
We are looking for sell/short positions in the supply range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PEPE : FULL BEAR Mode (⊙_⊙;)PEPE is in the middle of a solid bearish market (According to Wycoff Method Chart Analysis).
With the RSI in the daily under 50, the price continues to be bearish. It is likely that PEPE will retest the next major demand zone, where a potential bounce could be found as buying pressure can be expected on this demand zone.
From a technical indicator perspective, we see a clear flash to "SELL" in the weekly timeframe as the price loses the trendline and the trendline now turns RED.
The price can only be considered bullish once the price starts closing candles ABOVE the trendline, at which point the trendline will turn green again.
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BINANCE:PEPEUSDT
XRP: SEC vs Ripple Case Closed -(Don't Get Your Hopes Up Though)The 4 Year war is over for the worlds most hated altcoin.
Judge Analysa Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding the outstretched legal case against Ripple. This penalty is favorable for Ripple, given that the SEC had originally claimed a $2 billion fine.
Considering the XRP army is still fairly strong thanks to paid youtubers and Twitter/X shillers, I'm expecting a short term volatility and wicky price action similar to what happened the previous time Ripple announced an SEC victory.
Noteworthy that XRP has ALREADY gone through a pre-emptive pump, increasing nearly 50% BEFORE the official announcement, likely due to insider trading as is typical with these kinds of things.
The previous 24-hours saw a trading volume of around $1.68 billion, indicating that whales are moving and the biggest action is likely already over. The market capitalization of the altcoin is currently $29.5 billion, which is ridiculous considering there is no actual usecase for the alt after 12 years.
To be completely objective - this COULD change, IF Ripple could come up with an actual usecase for XRP that somehow burns the enormous supply . Unfortunately, up until this point, it has been used by the board members as a liquidity pool to fund their actual company (Ripple). I don't think it would be wise to trust them considering they have shown their true colors and misused the once promising coin as well as the community.
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BINANCE:XRPUSD CRYPTOCAP:XRP
SEI - Best BUY BACK Zones ApproachingSEI is an altcoin that I have high hopes for.
Unfortunately, SEI hasn't yet bottomed out and is still trading in a bearish trend, making lower highs and lower lows whilst the RSI is under 50 (THREE Bearish Signs, Short to Near term).
However, we have reason to believe that the end of the bearish cycle may be very close - and now it is time for re-accumulation. This is my favorite part of any cycle, since this is where you prepare for the next bullish impulse wave up and make sure that you don't miss the rally and/or get left behind.
I'm watching three zones for potential re-accumulation. Watch to see where the best places are to buy SEI.
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BINANCE:SEIUSDT
ALTS that will SURVIVE 2024 - and BEYONDIn today's post I'd like to invite you to add the alts YOU think will survive, and why. Add in the comment section!
Incase you missed yesterdays post...
I remember the good 'ol days, when the amount of options you had was limited to one hand.
First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the enemy is actually in the camp...
New alts are being released every hour (probably more) and it's just the one airdrop to the next rug. Lot's of progress has been made in this space which is blockchain, but we're still not really seeing the original promise of Bitcoin being fulfilled (fast and affordable cross border payments, ) amongst others.
Today, it has become close to impossible to separate the crop from the cream in terms of coin accumulation. If you bought BTC two years ago, or ETH, or LTC - you'd currently be in profit. However, some alts don't even exist for a month after release date never the less a year or more.
So let's talk about which altcoins I believe have a future FOR SURE. Remember that this is a highly debatable point; but I am going to point out the few that I believe will survive (at least past year and possibly beyond).
👉1) Bitcoin
Bitcoin is not an altcoin, it is the original crypto. The KING. The first commandment and promise of a fair, open and transparent future on the blockchain. BTC's price may be overvalued occasionally, but it will always have the benefit of being first. And with so many institutional investors, I think it's a safe play for the foreseeable future.
👉 2) Ethereum
King of the alts, first of it's kind. Ethereum is the world's first smart contract platforms which remains the most popular choice among developers even today. Following Bitcoin's decentralized concept, Ethereum has become a leader in smart contract platforms and dApps. Eth is here to stay.
👉 3) Solana
Competitor now to Ethereum, SOL has previously surpassed ETH (not in price). With over 95 million transactions daily, Solana has become the fastest blockchain and recently surpassed Ethereum in Total Economic Value. Many devs prefer Solana, and I believe it will stick around for the foreseeable future.
👉4) Dogecoin
I hate how dependent Doge is on Elon Musk. But, for some reason, Mr Musk has a fascination with Doge and has promised many times to include it as a payment option on X (formerly Twitter). Even though it seems like a pie in the sky, something like that would significantly increase the value of Doge. I don't see it as a "forever" coin, but definitely on the list.
I think a key point to note here, is that back then, they (the founders) were doing something revolutionary. They were and are the titans of the industry. Today, anyone with GPT can create a functioning alt that "serves a purpose" or has "fundamental use case" in some way. It's true that AI is revolutionary, and I am very bullish on the concept of AI and the promise of automation for human kind. But this far, it hasn't been profitable, yet.
OpenAI makes losses and cryptoai is just leveraging off the larger AI, or the concept thereof... Sure, there are privately trained models, but at the current moment it takes a tremendous amount of resources (time, money, physical space) to do DL or Machine Learning, which if OpenAI cant make profitable... then neither can the cryptoai created by john, steve and bob.
10 Other ALTS that will probably make it past this year:
1) Shiba Inu (because people love it)
2) XRP (because many can't let go)
3) Cardano (because it has a cult following)
4) BNB (Binance supporters maybe?)
5) Chainlink (because oddly enough it's survived for this long)
You wouldn't catch me dead holding those 5, but still - I do believe they will survive for some time still.
Now, coins that I will actually buy and hold:
6) Kaspa (potentially a revolutionary alt)
7) Render (potentially an ai winner)
8) Monero (still the best privacy coin)
9) Sei (potentially a revolutionary alt)
10) Aave (still the best for borrowing and lending)
Don't miss the message here - you can still TRADE altcoins. There are good trading opportunities
and setups even for the worst alts. I know this because we trade them daily. But this post is not about trading opportunities - it's about the future, potentially the far future. Who will likely survive and why. Alts that may be worth accumulating an that probably won't rug in a month's time.
I hope you can take it for what it is intended to be!
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ENA in an impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Looks like an impulse may be coming in here.
Want to see a break of the low then a reversal back above it for at least a retrace of the larger degree.
LL first for this idea.
If it breaks up before breaking .256 will have to reconsider.
Trade Safe!
Trade Clarity!
TOTAL3 - Total Altcoin marketcap | Headed in the right direction
Altcoin marketcap is currently trading inside the channel and it's been inside the channel since 2024 with market cap reaching the peak in first quarter of 2024
Currently the marketcap is around the resistance line and expected to break out from the resistance zone.
we can expect a clear bullish confirmation after the price breaks the $750B barrier.
By the end of 2024 i'm expecting the altcoin marketcap to reach 1T
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Cheers
GreenCrypto
My thoughts are giving me no peace with this ideaMy opinion is that the alt season will be very powerful like in 2017. But it will be so sudden. That no one will understand at first what happened. Why do I think so? I believe that Bitcoin will not grow any more. But in order for there to be fomo on the market, it is necessary to make people buy and buy again. It is necessary for big money. There are more details in my position, which I will attach below
DOGE - 120% Increase FIB Target (⊙_⊙)Dogecoin is looking bullish here for a couple of reasons:
1) Chart Pattern
Inverse Head and Shoulders in the Daily
2) Technical Indicator
"BUY" flash in the weekly
3) Trendline Analysis
Higher lows, consistently
If you've been following, you'll know I've been looking at a multi-month playout where we can expect another impulse wave up in Bitcoin as well as for altcoins, naturally. A few days ago I made a post on why I believe the corrective phase is over, and why we're likely in the beginning of the new impulse wave up. 👇
It's important to note that this impulse wave is potentially another multi month playout . But with patience, and courage, it can be a rewarding upcoming few months.
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KUCOIN:DOGEUSDT