30% UP or 30% DOWN Incoming!Currently trading at demand. If we get some buying pressure and start breaking previous candle highs, a 30% move to the upside is likely.
If we flip demand into supply, an almost equal move to the downside to the next support will become the most probable outcome.
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Altcoin
Why ALTSEASON 2.0 is HEREIf you've been following for a wile, you'll know I've been speaking of Elliot Wave theory and cycles - and how, from a macro perspective, we are currently in a multi-month correction before another impulse wave up.
By looking at the TOTAL3 chart, as discussed in the video, it seems likely that this may only be the BEGINNING for altcoins... and you'll see why.
Even though multi-month corrections can be demotivating, patience rewards the faithful!
Check out yesterday's analysis on Altcoins that are strong right now despite the recent dip:
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CRYPTOCAP:TOTAL3
JASMY Key Areas To Look For A GREAT TradeAfter a reclaim of the previous week VAL, there a higher probability price moves up to the daily level $0.0303. That area is where I would look to short and the area I'm interested in longing is $0.0241
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NEAR protocol on the WEEKLY NEAR is a project that covers all the bases. A Web3 Layer 1 with the capability for unlimited transactions per second (TPS) that's transparent and accessible to everyone. NEAR protocol has begun venturing into the AI space pushed by Co-Founder Illia Polosukhin who is an AI researcher himself, with an AI marketplace as he believes AI is one of the core verticals for the NEAR ecosystem going into the future.
The near chart is a promising one for the future. Having already experienced the 2022 altseason, we can gauge where NEAR will meet resistance, and sellside pressure areas and of course previous ATH. Using Fibonacci levels combined with range quarters we can split up an otherwise daunting chart into sections of a large range. Since the rally began in the beginning of 2024 price has broken above the 0.75 line and has been retested for support, of which it held and is now key support. With BTC's rally on the recent CPI numbers, the stronger altcoins followed suit and now NEAR is targeting the MIDPOINT of the range at $10.72 (0.5 level). From then on there is a clear FVG resistance before hitting the highs.
I have used the Fib levels as long term Take Profit areas, who knows how long it may take to get there or even if we get there at all. However the fundamentals of the Project are very strong, with a great team and expanding into high interest narratives like AI all add up to a very promising project. The one downside is that circulating supply is not capped and will grow at 5% each year. Therefor the tokenomics are not as favourable to investors as for example Injective INJ which has a capped at 100,000,000 coins and currently has 94% of that circulating and that limits dilution of token value.
I'm very bullish on NEAR in the long run, the current LTF bearish pullback has been punishing for the majority of alts however NEAR has held up very well. The AI narrative backing it as well will surely help it progress and the accessibility of being available on all the major exchanges.
RNDR - The Calm Before The Storm!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉After breaking below the last major low marked in red, RNDR has been overall bearish.
However, RNDR is currently rejecting a strong support zone marked in green.
📈 For the bulls to take over, and shift the momentum again, a break above the last major high marked in blue is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Ethereum - ETF incoming! No one can be sure when the US SEC will approve the spot Ethereum ETF registration statement, which is expected to be in next few weeks. Now it's just a matter of how long the SEC wants to delay.
Ethereum has been trading within a parallel channel since the beginning of the month, and is currently using the daily SMMA as support, if we break out of the channel with confirmation, I believe we will easily see Ethereum return to $4,000 or close to it in the short term, that will be bullish for the Altcoins.
DOGECOIN #DOGE Still The ALTCOIN KING And can charge to $1And Can lead the way for the rest of the #ALTS.
We have had some nice action by the bulls Already on dode
But like much of the altcoins have been dragged back down
YET higher lows are in place
and we see some symmetry in the price action in a bowling out fashion
IT would not surprise me in the least if DOGE were to make a new ATH this cycle.
Which doesn't sound like much of a feat ... but as any seasoned crypto speculator knows
nearly ALL altcoins essentially dies and fade away.
So making new highs every cycle puts DOGE in a elite club of coins.
TSUKA Enters Bazooka ModeThere aren't many crypto's I'm bullish on in the short term future, but TSUKA seems primed to make a statement during the 2nd half of 2024 as many other coins look to begin their major descent.
The Year of the Dragon is still upon us.
If you miss this one, it's all on you, word to the Sangha.
(Btw, due to slightly misplaced fib placements, the topside target in the associated idea ($164) is not valid and should not be expected on this next run).
Can CRV make 10x move?BINANCE:CRVUSDT kept making lower lows but doesn't mean it is not gonna go down more. In my opinion BINANCE:CRVUSDT trading in bullflag pattern which is a sign of reversal and checked bottom line 3 times which we can consider as triple bottom. 0.48-0.52 area is crucial which can decide either go up or make another low, but most importantly BINANCE:CRVUSDT must break upper trend line in order to make 10x move. Also MACD making huge Divergence in 1W TF and great amount of Volume coming in lately. I will be taking profits at those green lines.
OPUSDT - Altcoin with GOOD UPSIDE Potential (Wyckoff)Using the Wyckoff Method has always been my go-to strategy when looking for buy's. The theory behind it is that basically the market goes up, down, sideways, and up again etc. You can dive into more detail by taking a look at volume and trendlines, but for today's analysis we'll keep it simple and focus on the good upside potential for OP.
The above clearly shows an excellent Elliot Wave Theory playout - 5 impulse waves up and the following three corrective waves - indicating the bottom is close.
The above is classic Wyckoff Method Theory together with the emotions at each phase. OP, according to the above, is very close to bottoming out - in other words, a great place for accumulation. During the previous phase, the price increased over 400% over the course of a few months. If you have the patience, it can be a great increase.
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BINANCE:OPUSDT
Litecoin Has A Battle Ahead!! Lets Go LTC!There's always a few ways things can play out but I'm thinking something like this.
Bullish move to the upside breaking through the POC. There's a lot of resistance right above around $75. If Flipped we have another Major level, the Monthly and POC at $83 &$84 after that is flipped I would expect $105 to $$115.
Keep in mind we can dump to $62 first to test the untapped weekly.
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MATIC BACK AT THE BUY ZONEI can't look at the chart and tell myself this is a bad area to add to my positions seeing that we are at the overall Value Area Low & low of the range.
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Your Token of Choice, My Analysis (18/7/2024) ElvianElvy
So it's this time of the week again, hope this help you in your trading!
Full credit to @pejman_zwin for photo
These are the conditions for the post due to time constrain.
CONDITIONS
As an example, write Bitcoin(BTC) in the comment.
Project name: Bitcoin
Token symbol: BTC
Max of 20 token/project will be analyzed and shared (IF I have the time, I'll do extra so try your luck.)
Each person gets 1 analysis request in the comment section. (I don't have time to do multiple)
Your token analysis will be shared below your comment.
END OF CONDITIONS
Hope you'll enjoy my analysis, happy trading!
Your Token of Choice, My Analysis (18/7/2024) ElvianElvy
So it's this time of the week again, hope this help you in your trading!
Full credit to @pejman_zwin for photo
These are the conditions for the post due to time constrain.
CONDITIONS
As an example, write Bitcoin(BTC) in the comment.
Project name: Bitcoin
Token symbol: BTC
Max of 20 token/project will be analyzed and shared (IF I have the time, I'll do extra so try your luck.)
Each person gets 1 analysis request in the comment section. (I don't have time to do multiple)
Your token analysis will be shared below your comment.
END OF CONDITIONS
Hope you'll enjoy my analysis, happy trading!
$2 Is My Target - Bullish On SEIResistance flipped to support and targets $0.40. My overall target for SEI is $2 during this bull-run.
An area I am looking for a short scalp is the daily & 0.618 fib confluence.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Chainlink Targets $25After a long accumulation phase, we are again backtesting the last major support where we saw previous buyers step in.
There's a higher probability we increase in price from here and target the 0.618 & weekly level above. A sweep of the lows before a move up is also possible.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
SUI Looks strong but might pull backStrong move up after reclaiming the value area lows.
I would wait for the POC/Daily Level to be flipped into support or wait for a retest of the value area low (blue Line) for a long and target the weekly (Orange Line) above.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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BAT: according to the news, nothing-the token is in accumulationGood day everyone 😊
🔎 Today we will look at the charts of the main TFs and the characteristics of the BAT coin (Basic Attention Token)
✔️ Let's start with the basic parameters of the token
Basic Attention Token (BAT) is a cryptocurrency created to improve digital advertising through the use of blockchain technologies. BAT's main goal is to improve advertising efficiency by reducing intermediation and improving interactions between advertisers, publishers and users.
BAT was developed by a team led by Brendan Eick, who is also the co-founder of Mozilla Firefox and the creator of the JavaScript programming language. He has significant experience and credibility in the technology industry, which adds credibility to the project.
📎 Main characteristics and principles of operation:
- Brave Browser: BAT is integrated with the Brave browser, which blocks ads and trackers by default, and also allows users to earn BAT tokens for viewing ads of their choice.
- advertising and rewards: advertisers pay BAT tokens to show their advertisements to users. Some of these tokens go to users who view ads, and the other part goes to content publishers.
- Transparency and control: Users have full control over their privacy and can choose which advertisements are shown to them.
📎 Historical analysis:
- Inception and ICO: BAT held its initial coin offering (ICO) in May 2017, raising approximately $35 million in just 30 seconds.
- rise and fall: The price of BAT fluctuated depending on the general state of the cryptocurrency market. It reached its maximum values during the general crypto booms of 2018 and 2021, but also succumbed to significant declines.
📎 Expanding user base: If Brave continues to gain popularity among users and advertisers, the demand for BAT will increase.
Further technological and ecosystem improvements may bring more attention to the project.
🔔 In February, Santiment notes a surge in the number of transactions exceeding $100,000
✔️ Graphic part
🔘 Month: the price is also in the zone of the previous accumulation phase
Below there are two liquidity points that have not yet been removed (perhaps they will not be), the mark of $0.1480 and the historical minimum of $0.0800
Global targets for growth and exit from accumulation will be points of $0.48, $0.98, $1.92...
🔘 Week: sideways movement with accumulation of liquidity
🔘 Day: the price is still in a descending structure
exit and consolidation above the level of 0.2001$ will show growth towards the IMB W zone 0.2296$ - 0.2362$
💭 I will buy this coin only after the daily structure is broken
❗️Not a financial recommendation; before entering into any transaction, conduct your own analysis of the asset
Happy deals everyone!
Your Token of Choice, My Analysis. (1/7/2024) ElvianElvy
So I did the same post last week, gonna do the same for this week. I hope my opinion will help your trading.
Full credit to @pejman_zwin for photo
These are the conditions for the post due to time constrain.
CONDITIONS
As an example, write Bitcoin(BTC) in the comment.
Project name: Bitcoin
Token symbol: BTC
Max of 20 token/project will be analyzed and shared (IF I have the time, I'll do extra so try your luck.)
Each person gets 1 analysis request in the comment section. (I don't have time to do multiple)
Your token analysis will be shared below your comment.
END OF CONDITIONS
Hope you'll enjoy my analysis, happy trading!