APE - W pattern?APE appears to be one of the best assets in crypto from a risk-reward perspective and has been in a macro accumulation phase for a considerable period.
The $1 support, which has become resistance, is very relevant for the upcoming period.
If APE manages to turn the $1 resistance back into support, we have confirmation that the price below $1 in the recent period was a fake-out.
On the other hand, at the macro level, APE seems to be forming a W pattern . Taking the macro support and resistance (accumulation) as the price objective and placing it above the $2.5 resistance indicates that we can reach $6.4.
Therefore, if we have confirmation that $1 is becoming support again and the recent movement below it was a fake-out, we have a potential 5x reward .
An invalidation of the fake-out would be if the price falls below $0.84 with a full body and consolidates below.
Altcoin
$ALT will become a #100 coin easily. Last i took a trade on KRAKEN:JUPUSD around $0.5 (now $1.60+) and i think all of those coins will easily 2x the marketcap.
Yesterday i bought Altlayer on the backtest. Not for fast gains, because we can go lower. But in the end this coin will easily do a 2x to $1. 3-5 months. Maybe faster depends on the market.
XRP - Shift in Momentum in Action!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 XRP has been overall bearish , trading within the flat falling wedge pattern in red.
Moreover, it is hovering within a massive weekly support zone $0.5 - $0.6.
🏹 For the bulls to take over from a long-term perspective, a break above the upper red trendline and $0.6 resistance level is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Next Bullish Impulse Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been overall bullish, trading above the rising trendline marked in red.
Currently, BTC is undergoing a correction phase and approaching the trendline.
Moreover, it is retesting a strong support zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support zone and red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
150x Potential on Tokenfi's TOKEN [LONG]Hello Traders,
RWA AKA tokenizing "Real world assets" will be one of the next major breakthroughs in the fintech industry. From the team at FLOKI Coin they've created Tokenfi's TOKEN cryptocurrency which handles all the payments for tokenizing assets on all of the major blockchains. In the last couple of months the team completed thorough updates to bring tokenization of real world assets to every major blockchain. In one regard you can create your own cryptocurrency with a click of a button. As well as NFT projects. You can tokenize just about anything and with thorough and complete updates in the coming releases they are always adding quality over quantity to their code. This project is a first of its kind. People in the fintech industry have been talking about tokenizing real world assets for a couple of years now. The team at FLOKI and Tokenfi are the first to make this a possibility. Just a few months ago it was only for three block chains. Now they have almost every major blockchain. This is a sign of amazing things to come with future updates.
As we look at the PMARP indicator on the daily chart we can see projections almost like the RSI where it is at an oversold time. This is already bringing in big investment money as you can see from the chart. I remember when TOKEN first started and I told you to invest at two cents. It already hit 22 cents from there. It went down to 5.8 cents and then back up to 17 cents. This correlates with Bitcoin. When Bitcoin goes up like it will by the end of the summer or sooner we will see TOKEN go up in a major way. Just take a look at the chart. At every moment when you see it is oversold on the PMARP indicator or the RSI indicator you can see that it made amazing gains! With a 78 million dollar market cap heading into a 3 billion dollar a year NEW industry the price of token could easily hit 50 cents, $1 even $2 and so on. So make sure to set aside investment for TOKEN cryptocurrency and remember to shout me out for who told you first.
Love
Rocket
NOT - 1H Bearish in the channelThe chart of NOTUSDT in the 1-hour timeframe indicates a strong bearish trend. The price has been moving consistently within a descending channel, and recent price action shows consolidation below a well-defined resistance zone.
This setup suggests that the asset may experience further declines, adhering to the channel's pattern. Traders should watch for a possible move toward the lower boundary of the channel, as the resistance zone could continue to exert downward pressure on the price.
Token name from you, Analysis with me(6/29/2024)Hi everyone; I hope you have a great weekend.
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ONDO - Rising Again Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ONDO has been overall bullish, trading within the rising channel marked in blue.
Currently, ONDO is undergoing a correction phase in the shape of a falling channel.
Moreover, it is retesting massive support and demand zone in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue/red trendlines acting as non-horizontal support.
📚 As per my trading style:
As #ONDO approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SOL - Wait for Solana's ETF!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SOL has been bearish trading within the falling channel pattern marked in red.
Moreover, the $100-$115 is a strong support and demand zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SOLANA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SAGA - 4H Perfect Buy OpportunitySAGA had three bearish legs, each resulting in a 60% price fall, demonstrating a strong downward trend. Within these bearish moves, there were two bullish pullbacks, each with a 60% rise, indicating temporary reversals before the continuation of the downtrend. Currently, SAGA is at the bottom of the latest bearish leg.
Given the pattern, I expect a rise as a pullback to the first resistance zone, which is a typical market behavior after such significant drops. If SAGA manages to break through this resistance zone, it could potentially rise further to the order block of the last bearish leg. This scenario would align with previous patterns of price action, suggesting a short-term bullish move within the overall bearish trend.
TRX - The Outlier, Part 2This is just a quick follow-up post to my short idea on Tronix from May. Here is the original post.
I ultimately got stopped out of the first trade and failed to catch the nearly 50% drop. Despite dropping below the uptrend, TRX rebounded much better than the rest of the crypto market, and remains one of the only coins still above its bull market support. It's been doing better than both Bitcoin and Ethereum for months. So, what's going on?
Without going into too much detail, the price of TRX is being inflated due to burning mechanisms and its algorithmic stablecoin USDD. Does it deserve its current valuation? Is Justin Sun truly a genius who has engineered the perfect, stable asset? My bet is that this is not the case.
I'm scaling into a short again - entries are marked at the green levels on the lefthand chart, which shows short-term price action. Short term targets are in red, while longer term short targets are shown on the righthand chart (3 day). It might take some time for this to break down, during which TRX can again get into the mid-7 cents zone. This is especially the case if markets are to rally for another 2-3 months. This is why my stop is fairly tight here, and I'm just trying to catch a wave down.
Let's see! Invalidation will be if TRX can break and hold above that triangle resistance on the 3 day chart.
This is not meant as financial advice. This is meant for speculation and entertainment only.
-Victor Cobra
Matic Coin Analysis: Potential Gains of 13x, During Alt SeasonMatic coin currently holds a strong support level between $0.48 and $0.49. This level presents a promising opportunity for significant gains as we enter the altcoin season. Historical data suggests that if this support holds, Matic could potentially reach a minimum target of $3.415, offering an impressive gain.
However, if the $0.48 to $0.49 support level is breaking, the next major support can be found between $0.29 and $0.31. This level is crucial for Matic's long-term stability.
During a bullish alt season, Matic has the potential to soar even higher. Based on historical trends, the maximum target could reach up to $6.47, representing an extraordinary return of nearly 13x from the current support level.
For more detailed analysis and updates, follow us on TradingView to stay informed about our latest trading ideas. Don't miss out on potential opportunities in the crypto market!
NOT - Wait for IT!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NOT has been overall bearish, in a correction phase, in the shape of a falling channel.
🏹 For the bulls to take over and start the next impulse phase , a break above the inverse head and shoulders neckline marked in orange is needed.
Meanwhile, NOT would remain bearish.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
JASMYUSDT is approaching a significant Resistance areaHey Traders, in today's trading session we are monitoring JASMYUSDT for a selling opportunity around 0.33 zone, JASMUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.33 support and resistance area.
Trade safe, Joe.
MATIC is Approaching An Interesting ResistanceHey Traders, in today's trading session we are monitoring MATICUSDT for a selling opportunity around 0.5830 zone, MATICUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.5830 support and resistance area.
Trade safe, Joe.
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers:
A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result:
The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ).
____________________________
COINBASE:SOLUSD
BTC - Daily TR phaseIn the daily timeframe, Bitcoin is navigating within a defined trading range, characterized by a descending channel with a gentle slope. This pattern suggests a period of consolidation following the substantial bullish momentum observed earlier in the year. The channel's boundaries are formed by resistance around the $73,000 level and support near $60,000. The gradual decline of the channel reflects a controlled correction rather than a sharp drop, which can often indicate a healthier retracement phase within a larger bullish trend.
Observing recent price action, Bitcoin has encountered resistance twice within this descending channel, failing to break through the $72,000 zone. Each attempt has resulted in a pullback, highlighting the strength of the resistance level. The current price action suggests a possible decline towards the support zone at the lower boundary of the channel. Despite these pullbacks, there is a possibility that Bitcoin may find support above the lower end of the channel, potentially around $60,000 to $62,000. This would reflect buyers stepping in at higher levels, indicating underlying bullish sentiment even within the corrective phase.
The behavior within this channel is critical for anticipating the next move. If Bitcoin finds support higher than the channel's bottom, it could set up for a bullish breakout in the future, targeting a move back towards and potentially above the resistance zone. Conversely, a failure to hold these higher support levels might lead to a test of the channel's lower boundary, necessitating a closer watch on the $60,000 support area for potential buying opportunities. Overall, the descending channel should be monitored for signs of consolidation, accumulation, and possible reversal, which could provide clues to the next major move for Bitcoin.
AltCoin - Bullish potentialThis is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
There is a higher probability for the AltCoin market to rise rather than fall. Currently, it is facing a resistance level, which, while not major, is significant due to the presence of a trendline. This trendline indicates potential market behavior and suggests a likely direction for future movements.
Ripples Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring XRPUSD for a buying opportunity around 0.48050 zone, XRP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.48050 support and resistance area.
Trade safe, Joe.