ALT - Breakout from the resistance >|||<#ALT/USDT #Analysis
Description
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+ The price of ALT is currently hovering around the resistance level, suggesting a potential breakout.
+ If the price manages to successfully breach the resistance level, it presents an opportunity to enter a long position.
+ I plan to initiate a long position once the breakout is confirmed.
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VectorAlgo Trade Details
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Entry Price: 0.67159
Stop Loss: 0.5388
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Target 1: 0.7383
Target 2: 0.7950
Target 3: 0.8173
Target 4: 0.9928
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Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
ALT
SOL - The FRACTAL you should WATCH📉Hi Traders, Investors and Speculators of Charts📈
If you've been following me for a while, you'll know that SOLANA has been on the list of my top 20 altcoins to watch in 2024.
This particular fractal has played out extremely well, and we're about to move into the next phase of this fractal.
Here's the original post I made in January when I first starting watching this fractal:
From a technical indicator analysis, we can see that the price is still extremely bullish - but the RSI is running hot:
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 3 /pop.
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BINANCE:SOLUSDT COINBASE:SOLUSD
LINK - Swing Trade SPOT 📈📉Hi Traders, Investors and Speculators of Charts📈
BTC had recently formed a new ATH, and we're a few weeks away from the BTC halving. I'm expecting corrections (highly overdue) across the markets up until the halving.
Chain-link still has huge upside potential:
But this post is specifically for the short term. I'm looking at a swing trade (spot) here because it is already a high-risk trade , and shorting when the macro is clearly bullish is VERY risky business .
Make sure you check out yesterday's update on BTC:
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COINBASE:LINKUSD BINANCE:LINKUSDT
Solana - IMPORTANT Support Zone will be TESTEDHi Traders, Investors and Speculators of Charts
Solana is frequently trending due to steep fees of ETH. Even after a large increase, there is still great upside potential for the future. However, for the short term, a retets of a prominent support zone is likely after a near parabolic increase on SOL.
SOLUSDT is one of the altcoins I was watching for 2024 Altseason, as per previous posts in early January. ✅
👉 Technical Indicator SHORT TERM is overbought indicating a correction is overdue
👉 Support zone at $153 is critical to hold
👉 Daily candles need to keep closing ABOVE this zone to avoid a potential H&S pattern.
Overbought indicates a correction is overdue:
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KUCOIN:SOLUSDT
ADA - Be Ready for a SUDDEN PUMP📉Hi Traders, Investors and Speculators of Charts📈
Fundamentally - I'm no fan of Cardano. In a certain sense it gives me XRP2.0 vibes, with the cult following community and all. Over-promise and under-deliver with youtube shillers is XRP style and raises red flags. Ultimately, I believe crypto is bigger than one person , and most definitely bigger than than one industry expert / founder. These are a few reasons as to why fundamentally, I'm not an ADA fan.
HOWEVER. As I've said many times before, any coin can and will be traded by whales. Herewith lies opportunity for retail traders, IF you manage to get a good entry. From a chart analysis, Cardano has broken out of accumulation phase by forming a clear bottom. We even start to see glimpses of a new bullish cycle starting as the price makes higher lows.
To the left from a weekly outlook, a wick to the purple 200d moving averages is possible. On the right, from a daily perspective, we'd like to see the turquoise 100d moving averages hold:
I believe it's possible for the price to continue increasing from here and I even believe a hard and sudden, random pump is possible (likely followed by a sudden dump). I'll be looking for increases 30% and 45% from here, as near term targets. Higher is possible, but I'll leave higher targets for a later post once we have actually achieved these price levels. You may need some patience though:
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KUCOIN:ADAUSDT COINBASE:ADAUSD
SHRAP is a AAA web3 game token on Avalanche. Nuff said. Shrapnel is a AAA web3 FPS building on an Avalanche subnet - Items and characters are NFTs, and they just launched $SHRAP, which will power the whole economy inside the game. They have industry veteran team (some of whom I've had the pleasure of interviewing) and they are based in the US, in Seattle. Oh yeah, and their version of "influencer marketing" is Arthur Hayes regularly shilling the project on twitter. I'm serious.
Since launch, SHRAP has been on an absolute tear. I'm doing some scalp trading, but will also be buying and holding spot because I believe this is just the beginning. The web3 gaming narrative is a strong one this cycle, and with EURONEXT:AVAX pumping to the moon, savvy traders will be buying the most promising projects on that chain. In that sense, SHRAP has both the gaming narrative and the alt L1 meta cycle working in its favor.
As for technicals, it seems to be printing a bull flag after briefly touching the .5 fib but getting bought right back up again. Bullish.
I've been following this project for over a year and all I can say is that I wish I trusted my own alpha. Time to put my money where my conviction is.
happy trades,
CD
HEART | HUMANS.AI Short Opportunity | +56% GAINHEART is looking a little dumpy on the 4HR chart and could breakdown lower. A descending triangle has formed for HEART, and if the resistance is broken, a trend reversal could lead us down to 0.15 .
If you enter a short position after ~-3% confirmed breakdown , then you could see a +56% gain if the pattern completes. I have also marked multiple support levels with dashed lines that may stop the pattern from breaking down all the way. These could be used as multiple take-profit levels on the way down.
It is crucial to wait for confirmation before entering a short or long position, or the pattern could be invalidated and you'll be at a loss.
DYOR and bring home those gains.
ETH - The ALTCOIN that CAN still x10🚀📉Hi Traders, Investors and Speculators of Charts📈
Ethereum has made an astonishing 6 consecutive green weekly candles. ETH is forever growing, with even more exiting developments on the horizon for this year. The Ethereum Foundation has announced the upcoming launch of the Dencun network upgrade on the Ethereum mainnet, following its successful activation on all testnets. Scheduled for March 13th , 2024, this upgrade mandates node operators and stakers to update their software.
With all of the development still happening mainly on ETH, I see a bright future for this altcoin as more adoption comes and market capitalization increases.
For the short term: From a technical indicator perspective and given how close we are to 4K, I think ETH increases a bit here before pullback, giving that often when we see "Overbought" in the weekly, there's usually a dip that follows the next weekly candle.
Make sure you check out this idea to get a better understanding of money-rotation between BTC and Alts:
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BITSTAMP:ETHUSD BINANCE:ETHUSDT
XTZ chasing ETHSOL stole all the hype among alt L1s early on this cycle, but I think XTZ will be a sleeper hit and it's already rallying hard, printing very bullish pattern on Weekly timeframe backed up by some nice increasing volume.
You might get more volatility from smaller caps, but we'll see some nice predictable advances from solid, established projects like Tezos.
As always, BTC is driving the car at this stage in the cycle.
Happy trades,
CD
🔥 ALTSEASON Nearly Here! Watch This Chart 🚨In this analysis I want to make an educated guess on when the next bull-market (read: altseason) will start using the Bitcoin Dominance (BTC.D) chart.
An uptrend in Bitcoin with a falling dominance would be the ideal case for alts.
As seen on the chart, the altseason previously started by a top in the BTC.D and a consecutive fall afterwards. My best guess would be that BTC.D will continue to rise until it hits the top diagonal resistance.
In other words, Bitcoin will likely outperform alts for the time being. Later, likely after the halving, alts will start outperforming Bitcoin for 6-12 months and lead to huge returns.
Share your thoughts 🙏
ADA Long Opportunity 30%+ BreakoutADA reaching the end of its falling wedge pattern and overdue for a break out. For weeks we have been downward consolidating and with strength back in the market and Ether setting up for a breakout as well I expect to see ADA breakout to last years highs. In December we touched the 0.67 - 0.68 range and I can see this set up putting us back there. Great Long opportunity if you have waited for an entry point.
ADA Long Opportunity 30%+ BreakoutADA reaching the end of its falling wedge pattern and overdue for a break out. For weeks we have been downward consolidating and with strength back in the market and Ether setting up for a breakout as well I expect to see ADA breakout to last years highs. In December we touched the 0.67 - 0.68 range and I can see this set up putting us back there. Great Long opportunity if you have waited for an entry point.
ALTUSDT Inverse Head and Shoulder Pattern.ALTUSDT Technical analysis update
ALT formed an inverse head and shoulders pattern and price broke its neckline with high volume, indicating a potential upward move.
Buy zone : Below $0.388
Stop loss : $0.360
Take Profit 1: $0.410
Take Profit 2: $0.462
Take Profit 3: $0.550
Regards
Hexa
INJ - Is the Bull Rally Over?📉Hi Traders, Investors and Speculators of Charts📈
With this chart, we aim to identify the current phase of INJ by using the Wyckoff Method . The Wyckoff Method can be extremely technical and complicated, with many phases, sub-phases, sub sub phases etc. The four main phases of the market cycle are accumulation, markup, distribution, and markdown. On this specific chart, we're taking a look at what comes next after the big bullrun is completed.
Furthermore, a brief look at the phases:
Start of the Bullish Cycle:
The price start increasing rapidly, often making parabolic increases. Pullbacks are short-lived, and the rally continues afterwards.
PEAK:
This is the clear ATH that is established by the bullish cycle. This is where the buyers run out and the tables turn to where sellers start to dominate for the upcoming bearish phase.
Failed Rally:
The buyers try one more time to push past the previous high, but fail. Instead, a lower high is made and is usually marked by a bearish pattern or double top candlestick.
Accumulation Phase:
This is usually considered the boring zone. This is where price trades range for a long period of time, whilst whales bulk up for the bullish cycle to come next.
All of the above in mind, I believe we are currently trading towards the failed rally phase. This means that we may still test support zone / resistance zone multiple times, until either the bears or the bulls take charge.
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BINANCE:INJUSDT
ALT newly airdroped shiny coin, a risky betHello fellow gambler, I think we are going to $0.49. Holding my long from 0.34$. I know I know its dangerous for such a new airdroped coin, but market is just too hot right now. Everything new coin is growing like hell, then dump.
many people got $300-$50k worth of NASDAQ:ALT , its literaly free money, I just got 162,402 NASDAQ:ALT about $50k dumped at $0.31 cents.
Can’t wait till a few other projects drop that i have farmed with hundreds of accounts.
How to check ✔️
1️⃣Go to airdrop.altlayer.mobi
2️⃣Input your address to check
NASDAQ:ALT CRYPTOCAP:BTC CRYPTOCAP:ETH
ETH going to show more Leg?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#Eth update 🧵
Rejected off channel TTT,
came down to the level identified months ago, with a reaction.
#Elliottwave looking like OMLD.
Degree questions.
A sweep of Liq would be ideal, then a reclaim.
Cheers
ALT Nice Cup and Handle on the dailyAptosLaunch Token Nice Cup and Handle on the daily
blue lines are entry ideas
if we get stopped out ... re-enter at breakout level 0.040330 or in support zone bounce area(s)
yellow circles represent entry areas ( scale in trade )
Not Financial Advise - Entertainment Purpose Only
SUI - This ALT can EASILY x100📉Hi Traders, Investors and Speculators of Charts📈
I've been focusing on altcoins with use case and good upside potential and SUI is one of them. Although SUI has recently increase 70%, this altcoin can still increase exponentially from here once the market cap picks up.
Endorsed by Ledger; Sui is a decentralized layer 1 blockchain that uses a specific type of proof-of-stake consensus named delegated proof-of-stake. Sui is a unique blockchain using the Move language and parallel transaction execution, which allows it to process transactions much faster than its competitors.
In short, Sui aims to increase its scalability without compromising on security by using a combination of the native programming language Move, parallel processing of transactions, and delegated proof-of-stake consensus mechanism.
This way, Sui allows for fast, private, and secure digital asset ownership accessible to everyone.
The nascent project has a flourishing ecosystem of dApps ranging from NFT and DeFi to GameFi. With scalability and fees remaining a concern, more and more developers are expanding out to other ecosystems. SUI is a solid project and over time more and more people will start to build on it - and use it.
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BINANCE:SUIUSDT