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BITCOIN weekly roadmapGood time friends, I hope you are great. According to last week's analysis, Bitcoin reached the range of $48,000 twice and could not go beyond this range.And from this area, it started its falling movement, this fall could be predicted both technically and the news that has come for Bitcoin during the last week. Bitcoin is forming MTR in the daily time, it has broken the upward channel that we had downwards, the last bottom that I marked with a dashed line on the chart, below this range we also had a close candle. In general, I see Bitcoin as bearish, this week I could not find a safe area for selling positions so that we can take swing selling positions. But we can have buying positions in the range of (40000-41000) and (39400-39800) by getting appropriate approvals, if there is an opportunity for selling positions, I will inform you in the next analysis.
Short
by Golden_Star1994
1
I'm More Bullish Than Bearish On JTO!!JTO is trading in a bullish pattern. The falling wedge has a higher probaability of breaking to the upside. If we get a nice breakout to the upside, I would be looking to target the POC above around $2.90. If we fail this support level, the next level below is around $2.105. there we have major confluence, which is the .886, .382, & Daily level. If that is reached and holds, I would consider entering a long position. We don't know how price will play out so we manage our risk accordingly. i]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.
Long
by Navitility
Ethereum's Price Surge and the Path Ahead Ethereum ( CRYPTOCAP:ETH ) has emerged as a resilient force, defying broader market trends with a nearly 2% gain in the past 24 hours. The surge in Ether's price, currently hovering around $2,651, is notable against the backdrop of sharp pullbacks experienced by major tokens, including Bitcoin. This positive momentum comes on the heels of the Securities and Exchange Commission's (SEC) recent approval of multiple spot Bitcoin exchange-traded funds (ETFs), signaling potential optimism for Ethereum's future. Ether's Impressive Rally: Since the SEC's approval of spot Bitcoin ETFs, Ethereum has rallied above the $2,600 mark, capturing the attention of market participants. This price surge has propelled the supply of Ether in profit to a multi-year high, currently standing at an impressive 89.4%, a level not seen since 2021. While this statistic may evoke optimism, on-chain analysis suggests potential short-term price correction risks that could impact the second-largest digital asset by market cap. Short-Term Correction Risks: Despite the bullish sentiment, concerns arise as The Block's Data Dashboard highlights the elevated circulating supply of Ether in profit. The question looms: Could this heightened supply encourage traders to take profits, triggering a short-term correction in the digital asset's price? Analysts warn of a cautious approach, emphasizing the need to monitor market dynamics closely. The SEC Effect and Speculation: The recent SEC approval of spot Bitcoin ETFs has fueled speculation regarding a potential spot Ether ETF in the near future. André Dragosch, Head of Research at CRYPTOCAP:ETC Group, points to this development as a bullish catalyst for Ethereum. The prospect of an Ether ETF could attract institutional interest and further legitimize the digital asset, potentially paving the way for sustained upward momentum. Stabilizing Factors and Long-Term Outlook: Despite the short-term correction risks, Dragosch contends that the current high in Ether's circulating supply in profit could act as a stabilizing factor for the token. The reduced incentive to sell among longer-term holders may counterbalance potential profit-taking by weaker hands. This stabilization, in turn, could provide support for Ethereum's ongoing bull market, presenting a nuanced picture for investors to consider. Conclusion: As Ethereum continues to navigate the dynamic cryptocurrency landscape, its recent price surge and the accompanying supply dynamics present a complex but intriguing scenario. The SEC's actions and the potential for an Ether ETF add layers to the narrative, shaping Ethereum's future trajectory. While short-term correction risks exist, the stabilizing factors suggest resilience in the market. Investors and enthusiasts alike must stay vigilant, recognizing both the challenges and opportunities inherent in Ethereum's evolving journey.
BINANCE:ETHUSDLong
by DEXWireNews
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. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SUIUSDT
Long
by CryptoCheck-
3
EWT Building an out of bear market move!Energy Web Token. EWT has shown some decent strength in this bear market, but not soo much as of late. I think this recent downtrend might soon be at an end. As we can the price is at the bottom of the it's bear market for as possible double bottom and the indicators are higher and showing signs of turning. Lets take a look at the indicators 1 Volume, it has increased during the bear market 2 The RSI although not very strong is showing bullish divergence 3 The TDI is showing similar signs to the RSI 4 Stochastics RSI has bottomed 5 RCI3 lines has also bottomed We are waiting for 4 & 5 to cross up. Once this happens it will show the momentum in this next move building and imminent. Both are circled on the chart. My Price target would be @ the $7.60 (1.618 fib) to $10.75 (2.618 fib) area. That is based off of it's recent move in the bear market. There is also another price of interest, $9.26 area would be the .236 fib area from it's bull market peak. this also lines up with another resistance level in prices so this price is most likely. Then you would look for for it to catch support at top of the bear market resistance level (shaded area) @ $4.85 area. kind regards WeAreSat0shi
KRAKEN:EWTUSDLong
by WeAreSat0shi
4
DOGE - THIS Altcoin can +800% 📈📉Hi Traders, Investors and Speculators of Charts📈 Dogecoin is the original meme coin, famously started as a joke in 2013. Nevertheless, thanks to a dedicated community and creative memes, it has rapidly evolved into a prominent cryptocurrency. From a chart-analysis perspective, DOGE has big upside potential, and from a fundamental perspective - things are looking good for this altcoin in 2024. Elon Musk has finally announced a peer-to-peer payment system on X (formerly Twitter) and have also stated multiple times in the past that he plans to include DOGE as a payment option. From a macro perspective, I am bullish on DOGE. But for the SHORT term, DOGE is bearish. The price needs to establish support before going higher, and the downwards trend means that support hasn't been found at the current levels. The short-term bearish sentiment is confirmed by the technical indicator CryptoCheck START V3.5, flashing a "sell" signal : We would need to start seeing daily candle closes ABOVE the green 50d Moving Averages before considering more upwards price action: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:DOGE
Long
by CryptoCheck-
5
Ethereum|The BULLISH trend continues until the price of 2800Hello friends, I hope you have made a lot of profit this week. Let's go to Ethereum to have an overview of it. At the moment, Ethereum is involved with a daily resistance zone as well as a 4H resistance zone. This supply area has been tested several times, now the debate is whether the buyers are winning the game or the sellers. If this area is broken upwards, we will enter buy positions on the pullback to this area. If it falls from here, we will enter buying positions in the demand areas that I specified in the chart. My possible target price is 2800, but never enter the position without confirmation, don't forget the SELL limit.
Long
by Golden_Star1994
3
ETC Bullish breakout ETC has broken above a key resistance zone and is currently holding it as support. It created at and eve bottom at a major support along with double bullish divergence on both indicators. We deem ETC as a great opportunity in the altcoin space that we believe is in great shape for a bullish run in the near future. Should ETC Break 23 dollars we see the next target as a massive 45 dollar target. Weekly shown below to showcase key levels and targets
COINBASE:ETCUSDLong
by SynergyTradingSetups
5
ETH about to move with ETHBTC stophunt of cycle lows??Stophunt of old points of resistance and support can often lead to a reversal Now that price has grabbed potential liquidity and stops set for previous lows.. price can now reverse. ETHBTC has hunted that liquidity grab or stophunt as we call it. That gives it room to now reverse. Failed breakdowns can fail fast If this breakdown does fail then have to be prepared that failed move fails fast. This is likely to be from a strong ETH breakout. If that is the case then ETHUP products may have a great deal of upside. If the breakdown continues then dont want to be caught Watch out for price going back below the point of reversal as it could drag lower and dont want to be stuck in the losing position
Long
by SoftQuant
KSM - Bird Set Free 🦅Hello TradingView Family / Fellow Traders, 📈 After a 100% surge, KSM has been in a correction phase trading inside the falling channel in red. Currently KSM is approaching a robust demand zone highlighted in blue. 🏹 For the bulls to assume control again and initiate the next bullish impulse movement, a breakout above the red channel and last high in red is required. Meanwhile, until the buy is activated, KSM can still trade lower and dive inside the demand zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
SHIB: Three Hills & a MountainFindings I believe I have discovered a Three Hills & a Mountain pattern on the SHIB hourly and daily charts. I recently posted about the same formation on ApeCoin which gives me the impression that certain altcoins are experiencing similar trading activities while Bitcoin consolidates. Bitcoin appears to be on the brink of a correction which could bring us to the 61.8% Fibonacci level where significant buying pressure should occur and begin developing the third hill. COINBASE:APEUSD Three Hills & a Mountain Publication Trend Analysis Both of the proposed hills are of unequal magnitude which is why I do not believe this is a Three Drives pattern. While there was a brief decline beneath the 61.8% level before forming the second hill, the drop was insignificant and stayed in close proximity. On the 1W chart there is a Double Bottom "W" pattern forming which I have detailed in an earlier publication a few weeks ago; the Three Hills and a Mountain supports the W projection as the price target is around 0.000016. W Pattern Publication The volume is rising with increasing values and the succeeding hill has increasing volume as well, indicating bullish momentum. Should the pattern keep up I believe we will see a large spike in volume within the first half of the third hill. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor