Long StorjI like Storj here at .80. Final target will be that BLUE trendline overhead. SL around .69 for a 3-to-1 rrr.
With good volume on the underside and that bullish candle on the daily, I think Storj is in good position to fly. Alts are popping one by one and I think Storj has another turn coming up. The only downside here is that RSI. But lately, it doesn't seem like anything is paying attention to that.
Altcoin
VICTORIA VR SETUP FOR LONG Two chances for a long. Coin is currently making a 50% correction if it enters the first long zone. Don't forget the other one at 0.026 which would give us a 67% discount.
I honestly don't know anything fundamental about the coin, I'll leave that for you. If you like it, support it with a like.
Look at the other analyzes and by clicking on the arrow you can see where the price went
BTC Dominance Analysis: Potential BreaksTraders,
Here's a snapshot of BTC dominance and its implications:
Resistance Zone: BTC dominance is encountering challenges breaking above the 55% resistance zone.
Altcoin Strategy: Any breaks below the trend line signal a need to add more altcoins to our portfolio.
Risk Management: Exercise caution and monitor the general trend of BTC to mitigate potential losses.
Super Bullish Run: It's worth noting that the super bullish run may come to an end around the middle of next January. For detailed insights, refer to related posts.
Stay informed and trade wisely!
Best regards,
Sandbox (SAND/USDT): Trend is still bullish, next Target?Hi Traders!
From our point of view #SAND still remains very interesting for Investors and Day Traders . If we look at the 6H chart, we see that there is still room for appreciation in the short and medium term. From a technical point of view, the trend is still bullish on the daily chart and the next targets are around 0.9628 area and 1.40 area. That said, if our analysis is still correct, it is possible to continue accumulating long positions on the next corrective structure (pullback) that may appear on intraday time frame. In the next update that we will publish below, we will also try to show some interesting technical levels, but to do this we also need your support, a Like and a comment will be appreciated.
INFO
The Sandbox SANDUSD is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By using the Ethereum blockchain, Sandbox ensures that players have true ownership of their assets, which can include anything from virtual plots of land to in-game characters. The native utility token of the platform is SAND, which serves multiple purposes such as a medium of exchange, governance through voting, staking, and rewarding players and creators. The platform's primary goal is to introduce blockchain technology into mainstream gaming, successfully bridging the gap between the virtual world and real-world ownership.
In conclusion, this crypto still remains in our portfolios and we hope to be able to add more.
ALTcoins - sh*&coin cycles - the casino that never closesALTcoins - sh*&coin cycles - the casino that never closes
ZOOM into this puppy to see the short term action better
Its been awhile since i looked at altcoins. we are experiencing a macro pivot here imo.
I have been loading up for months now. Will rotate out of the BTC bag after we hit the zone I am looking for on btc dom chart (see attached), into whatever alts in my port have done the best on this pre run we are getting now.
Altcoins have been VERY cyclical. I mean look at those repeating momentum cycles, its clear asf. You have to be blind not to see it. You can thank the whale algos for that. Altcoins, and crypto in general is just a huge casino, these guys just milk retail over and over.
Trick is you gotta learn to see what they are doing not what their bots or paid shills are telling you on twitter.
Ride the dragon then jump of that mofo before it evaporates.
I've been through several of these now and am only just learning the ways. Yes I am an idiot, I should be filthy rich by now, but the big picture is becoming clear to me..
Big question here is ; do we get some big black swan event, looking like late Nov, like last cycle, or just a healthy correction on the way up into the stratosphere??
"Show Me The Charts and I'll Tell You the News"
TWT POTENTIAL X2 SETUPAhead of the bitcoin correction, I expect a relatively small correction of twt by about 20 percent. Historically, this asset is very strong and has a lot of interest from big players, which was shown by the unloading of the asset at the end of 2022.
I expect a correction with a likely squeeze down and further growth to about 2.4 to close the imbalance zone and further distribution of the asset.
Be careful with possible upward squeezes and do not make hasty trading decisions, it is not yet time for growth.
LTC - The FRACTAL that takes us to +300%📉Hi Traders, Investors and Speculators of Charts📈
As I always joke, Litecoin is still in prison... meaning that LTC hasn't been able to break out of long term accumulation yet. This however is A GOOD SIGN for traders because:
👉 Low risk entry
👉 High reward trade
👉 Another chance at accumulation
I'm still watching this fractal and patiently waiting for the first bullish confirmation, as discussed in the video.
_______________________
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👍Hit like & Follow 👍
CryptoCheck
BINANCE:LTCUSDT
SAND LONG OPPORTUNITY | +$1 SAND SOONSAND has formed a year-long cup and handle pattern. Traditionally, this pattern is a bullish indicator of continued upward movement. The cup and handle have played out perfectly, and we are getting further confirmation by going back upwards to retest the resistance in this pattern.
If this resistance is broken, I expect a 57% increase in the price of SAND in the short term, which would put the price above $1 (~$1.085). This is potentially a great entry to a long or large spot position before a swift upward movement.
The altcoin market cap, including ETH ( CRYPTOCAP:TOTAL2 ), is already front-running the altcoin market cap, excluding ETH ( CRYPTOCAP:TOTAL3 ). This is another bullish indicator that the alt coin market may be ready for another leg up, helping out patterns play out.
I am personally adding to a spot position here, but if I were going to wait too long, I would wait for confirmation of the breakout above the resistance by 5–10%.
DYOR and bring home those gains.
NKN Can TRIPLENice Market structure for #NKN
We have a nice, Resistance level flipped into a support zone
A inverted #HVF at the top of the last cycle.
Which targetted that old resistance level.
We held .... We consolidated.
And it appears on the verge of a breakout ... anytime soon.
#BTC supporting the cause of course.
What's interesting the target level runs right into the funnel of the inv. HVF
Confluence increases confidence :)
Complete analysis of Bitcoin DominanceHello friends
I hope you have made the most of Dominance Tether analysis. (be sure to read the previous analysis)
Usually, on important days, the market maker does everything to create fear and make people excited (even disabling Instagram, Meta and Facebook) in order to collect liquidity and throw the unruly and careless trader The shake-hands out of the market.
To complete the viewpoint and identify the important time ranges (change of bitcoin status from bullish to bearish) and altcoin party time, we come to Bitcoin Dominance.
As you can see, it is about 3 months that the chart is moving in the range of 53-55%.
There are several important reasons for Bitcoin's dominance to decline.
1: Approaching the long-term downward trend and negative RSI divergence in the daily time frame.
2: I explain with a simple example, the upward trend of the chart is like a stone that is thrown upwards, its acceleration gradually decreases and creates a curve, this indicates the weakening of the upward trend of Bitcoin. Now it has to correct some of the upward path so that it can attract liquidity again and gain momentum
Time analysis:
Breaking or touching the floor of the current range (yellow box) will start from March 10gh to 11th, which will probably cause the market to floor, the exit of the shake-hands and the re-entry of investors for the altcoin party.
The next range (blue box) 48.90 to 50.50% continues for 1 month to 40 days, which causes the main altcoin party.
May 10th to May 13th (white dashed line range) is one of the most volatile and determining market ranges, which will probably witness the continuation of Bitcoin falling to the range of 44,000 and break of the support of 48.91 to 47.62.
If the structure of the time lines is changed, the analysis will be updated.
Inform me of the currencies you want to analyze (in the form of a road map).
I would be happy if you share your opinion with me.
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DOGE - Who Let The DOGE Out 🐶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 DOGE has been overall bullish, trading above the blue trendline.
Moreover, the 0.15 marked in blue is a strong support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and blue trendline.
📚 As per my trading style:
As #DOGE approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 In parallel, for the bulls to take over medium-term and start the next impulse movement, a break above the last major high in red at 0.175 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OMG Network May Face A Larger RecoveryOMG Network with ticker OMGUSD nicely stabilized and the end of 2023, clearly within a five-wave bullish cycle that belongs to first leg (A)/(1) of a minimum three-wave (A)/(1) - (B)/(2) - (C)/(3) recovery.
Since the start of the 2024, we have seen slow, choppy and overlapped decline, which clearly looks like a correction, ideally W-X-Y complex one in wave (B)/(2) that stopped and perfect former wave 4 support near golden 61,8% Fibonacci retracement.
By current sharp bounce back above the trendline, seems like OMG is looking for a larger recovery within wave (C) or (3) that can retest at least the December 2023 highs for wave (C) or it will go even higher for wave (3).
Cardano Can Retest December 2023 HighsCardano with ticker ADAUSD can be trading in a higher degree wave (5) that can retest the December 2023 highs.
Looking at the short-term hourly chart, we see it slowing down for subwave iv correction before a continuation higher for wave v of (5) towards 0.70 - 1.00 target area. Ideal support comes here around base channel resistance line and 0.58 - 0.56 area.
Bitcoin Cash Is Breaking Out Of Bullish TriangleBitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle pattern in wave (IV), which looks to be completed after recent break above 300 region.
EGLDUSD under appreciated or just forgotton? huge oppurtunity? BITFINEX:EGLDUSD Once a dominant and hopeful alt with an over inflated value tumbled to the abyss it seems EGLD fell so far in the hole it might have been overlooked and forgotten.
Without getting into use case which I always feel is what is any altcoins staying potential, outside of being a memecoin, ELGD once seemed like it had a positive roadmap and as such ended up in my crypto portfolio at some point.
Why is ELGD not seeing the same level of speculation as many of the other alts with similar interest. A quick look has me interested and I will be trying to learn more about the potential ELGD has towards those of us interested in market movement and jumping on a potential 200% overnight rocket ride.
CHZ LOOKING GOODCHZ found support at 100DMA AND at 200DMA, a cross also happens, which is bullish. Acceptance into the zone (May 13, 2022 - June 7, 2023) is a big deal.
Wait for the retest, if the price manages to hold 0.93 and a little lower, the way is open to 0.208, which is 110% profit.
The market is currently in a period where leverage should not be used, pure DCA.
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