SOL - Targeting $300...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈SOL has been bullish from a macro perspective, trading within the rising channel in blue.
Currently, SOL is in a correction phase approaching the lower bound of the channel.
Moreover, the $160 zone marked in green is a strong demand!
📚 As per my trading style:
As #SOL approaches the green demand zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and target the $300 round number for the next bullish phase.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Altcoins
Altseason is cancelled for now.USDT.D shot up like a rocket during this crash, while Total3 is in freefall.
BTC only took a -4% hit, but the altcoin market? A brutal -8%.
It’s clear: CRYPTOCAP:BTC and those ETF approvers are running the show, draining liquidity from retail investors to keep pumping BTC at the expense of altcoins.
I warned you—invite these guys to your party, and they’ll clean out the buffet.
If you’re holding altcoins, all you can do is hang in there and hope BTC throws some karma their way.
#Altcoins Q4 2020 x Q4 2024#Alts market cap TOTAL2 After making a major rise after the US elections in November 2020, it made a major correction towards mid-December and started a parabolic run after being rejected from the ($177.8B) Fibonacci 0.5 support.
Altcoins, which made a major rise after the US elections in November 2024, started a major correction phase in mid-December,
It will not be surprising if the correction ($1.19T) continues up to the Fibonacci 0.5 level and starts moving upwards from the current level.
Litecoin, Shitecoin: An OpportunityAs much as I blast Litecoin, I think there's a trading opportunity here. Some other OG cryptocurrencies have gone up 5x recently - XLM and XRP, for instance. I don't mind this, because I actually think those coins are at least a little more viable as currencies than Bitcoin.
I'm keeping this short. Just taking advantage of volatility. A 40%+ pullback with the potential of a 200% move? I'll take it. Here to have fun, not here to question things right now.
Litecoin active addresses are stable around 300k, though having steadily moved up over the last couple of years from 200K. bitinfocharts.com
Bitcoin active addresses have climbed a bit recently up to 750K, after actually declining the last couple years. bitinfocharts.com
As crappy as price behavior has been for LTC over the years, I like its growth pattern to an extent.
It's important to keep in mind that while on a very slow long term uptrend, Litecoin has broken down out of its major long term uptrend (orange) This was why I had assumed more downside was to come.
Given that LTC tends to pump last in the cycle, I'm taking a gamble on this thing flying back into the long term uptrend. There's A LOT of resistance overhead, especially at the broken uptrend, near $150-160 currently. Here's the shorter term structure, with some bullish arrows drawn.
Taking out the recent low near $85 would be a bearish sign and could send price quickly back to $66 support.
Let's see what happens. If the market has already topped, oh well. Risking a neglegable amount here. R/R seems decent to me.
This meant for speculation and entertainment only.
-Victor Cobra
Bitcoin DominanceMaximum suffering is nearing completion for #alts
While the major correction that occurred in #Bitcoin recently will cause a major upward phase for CRYPTOCAP:BTC.D , it will also be left behind as a healthy RETEST for the supply zone lost on a monthly basis and the rising wedge.
CRYPTOCAP:BTC dominance confirms retest for retracement on monthly basis heikin ashi candles!
Are You Scared About Altcoins? Huge Pump Ahead!Hello, Skyrexians!
Recently we focused on Bitcoin and Dominance analysis because it's much more important than analyzing any particular altcoin. Growth on altcoins cannot be counted a right prediction without Bitcoin Dominance drop. Today we are going to look in details on the wave 5 of CRYPTOCAP:OTHERS.D which we have already considered in our previous analysis on the higher time frame.
Today let's take a look at the daily time frame inside the global wave 5. It has pumped in November and it was just the wave 1, which has been finished with the red dot on the Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
This wave 2 has the ABC shape and finally it touched 0.61 Fibonacci. Now it's forming the green dot and if this signal will be confirmed with daily candle close our scenario is likely to be valid. OTHERS.D is going to print the wave C which has the target between 16% and 20%. This is huge potential gains for all altcoins you have.
Best regards,
Skyrexio Team
___________________________________________________________
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RENDERUSDT: Strategic Support Zones at the Blue BoxesIn this analysis, the blue boxes stand out as potential support areas worth close attention. These zones are significant for two key reasons:
They align with demand areas, where buying pressure is likely to increase.
They act as first lines of defense, offering a possible halt to further downside movement.
Trading Plan
Focus on Lower Time Frame Reactions: Observing price behavior within the green line and the blue box zones is essential. Key indicators include bullish candlestick patterns, volume surges, or other signs of reversal.
Long Trade Opportunities: If positive reactions occur in these areas, long trades can be structured with well-defined entry, stop-loss, and target levels.
Summary
The blue boxes in RENDERUSDT represent high-probability support zones, combining technical demand with structural significance. By analyzing the lower time frame reactions, traders can position themselves for potential upside opportunities while managing risks effectively.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
RENDER SWING LONG OPPORTUNITY - CRYPTO MARKETPrice is reaching to Price is approaching the monthly demand zone, aligning with a massive bearish trendline originating from Spring 2024. Additionally, there’s confluence with a key Fibonacci level. I anticipate a bounce from this area, potentially leading to new highs or even all-time highs.
As always, wait for lower time frame confirmations before initiating the idea.
Phemex Analysis #45: Pro Guide to Enter ENA - The DeFi Giant!Ethena Labs, the force behind the ENA token ( PHEMEX:ENAUSDT.P ), is making waves in the decentralized finance (DeFi) space. Its synthetic stablecoin, USDe, recently became the third-largest stablecoin by market cap, marking a milestone for decentralized finance. Adding to this success, Ethena introduced USDtb, a stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). This strategic partnership bridges the gap between traditional finance (TradFi) and DeFi, offering a credible and secure platform for institutional investors to participate in the evolving digital asset space.
ENA holders stand to benefit significantly from these developments. As the native token of the Ethena ecosystem, ENA is central to governance, stability mechanisms, and incentives tied to USDe and USDtb. With a growing ecosystem and increased adoption, ENA’s value proposition continues to strengthen, presenting a compelling opportunity for traders and investors.
When to Enter ENA?
The market for ENA/USDT is dynamic, influenced by broader crypto trends, including Bitcoin’s price movements. Key support levels offer potential entry points for different risk appetites:
Weak Support: $0.90
This level might hold if Bitcoin maintains its current momentum. However, if Bitcoin drops to the $90,000 area, this support could break.
Medium Support: $0.79 & $0.68
These levels present a higher probability of entry and are ideal for traders seeking to accumulate ENA while managing risk effectively.
Strong Support: $0.60 & $0.50
If the market takes a bearish turn, these levels are likely where the price will stabilize, offering a safer entry for risk-averse investors.
Entry Strategy for ENA
1. Placing Entries Near Support Levels
Decide your risk tolerance and position accordingly:
• For aggressive traders, consider entering at higher support levels, such as $0.90 or $0.79.
• For risk-averse investors, place orders closer to $0.68 or the stronger supports at $0.60 and $0.50, though you may risk missing the entry if the price rebounds early.
2. Utilizing Scaled Orders on Phemex
Phemex’s scaled order feature is an excellent tool for entering positions.
For Example: If your target is the medium support range ($0.79-$0.68), set a scaled order to gradually accumulate ENA across this range. This approach minimizes risk while ensuring you don’t miss out entirely if the price rebounds from higher levels.
Conclusion
The recent positive developments surrounding ENA, including the success of USDe and the introduction of USDtb, highlight the token’s growing importance in the DeFi landscape. These innovations are likely to attract significant capital inflows, benefiting ENA holders as the ecosystem expands.
By carefully selecting entry points and employing strategies like scaled orders, traders can position themselves to capitalize on ENA’s growth potential while managing downside risk. Whether you are a high-risk investor targeting immediate support levels or a conservative trader waiting for deeper corrections, ENA presents a compelling opportunity to participate in the DeFi revolution.
Trade wisely and leverage these strategies to secure your place in the future of decentralized finance.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Altcoins season has not even started!As you can see we are in the same spot that last cycle. BTC running avove previous ATH and total2 still bellow previous top. Once btc gets close to the top altcoins are going to explode, see how LMACD of Total 2 is not even close to the top of the descending diagonal. Scoop some alts now, next 12 months should be bright.
Reason to worry on Alts?With Bitcoins huge institutional backing seeing it far surpass $100k and reaching a new high of $108k, it's easy to say that the biggest cryptos future looks bright, but what of altcoins? Looking at the TOTAL3 chart there are a few key points I'd like to highlight, some positive and some negative:
4H 200 EMA - This moving average is so important for the short/mid term bias. In a bear market we very rarely see trading above the 4H 200 EMA and vice versa in a bullmarket. Currently TOTAL3 is retesting the MA as support, with first tap wicking below and then a move back above, this is positive so far showing that buyers are willing to step in at this level. Bullish.
Bearish structure forming? - At its core, trading is simple. You buy low and sell high, now we all know there is more to it than that but the basics are still the most important. The trend is your friend, so lets analyse the trend.
Clear Higher high and Higher lows ever since the US election result, bullish structure/trend. However, we recently got our first Lower high since then and now the question is will we get a Lower low to flip the structure bearish? So far that is not the case ass the 4H 200 EMA swooped in to save the day but if price were to dip below the Daily support we'd have a trend flip on the 4H.
Since that is an IF, lets see what is happening now, a tightening of the highs and lows would equal an accumulation phase and in this instance an accumulation phase after a strong rally is a setup for the next leg which is bullish. Just got to keep an eye on that structure for now.
The formation of a downtrend - This ties into the structure point, like how we saw 8 months of "chop" on BTC which in reality was a downtrend after a strong rally, this chart pattern is looking similar to 4H TOTAL3 we see now. If we see a new LL at the downtrend support level I will switch to trading TOTAL3 as a range until proven otherwise.
BTC Dominance Chart - BITCOIN DOMINANCEBTC Dominance is the most important chart to follow to understand whether the crypto market is in an altcoin or Bitcoin season.
"We had a great projection regarding the Bitcoin Dominance bearish shift around the 60% level, and it played out perfectly. I’ve linked that projection to this post for reference.
Currently, Bitcoin Dominance is testing the weekly supply zone as a bearish retest. This aligns with the premium side of the Fibonacci, adding to my conviction that we’re likely to see a bearish reversal from here, forming a lower high. This lower high could potentially trigger another leg down in dominance, setting the stage for a strong altcoin season.
I expect this shift to happen very soon.
KASPA - Poised for an Upward Trajectory (TA+TRADE PLAN)Technical Analysis of KASPA (KAS/USDT)
Falling Wedge Pattern:
The chart indicates a classic falling wedge pattern, a bullish reversal formation. The price is approaching the breakout point where resistance has converged with support, as marked on the chart.
The breakout above the resistance line suggests a potential upward trend.
Volume Analysis:
A spike in trading volume near the breakout area confirms increased interest and possible momentum shift.
Momentum Indicators:
VWMCipher B Divergences: Displays bullish divergence, supporting a potential price increase.
RSI (Relative Strength Index): At ~27, indicating oversold conditions. This signals a potential upward price movement as the asset appears undervalued.
Arty Money Flow Index (MFI): At ~24, indicating an oversold condition with possible accumulation.
Stochastic Oscillator: Oversold levels at 32.5, crossing upwards, indicating a buy signal.
Potential Targets:
Short-Term Target: $0.14 (breakout confirmation).
Mid-Term Target: $0.18 (previous resistance level).
Long-Term Target: $0.22–$0.24 (major resistance zone from earlier trends).
Risk Level:
Support at ~$0.12. A breakdown below this level invalidates the bullish thesis, making this a critical stop-loss level.
Trading Plan
Entry Points:
Initial Buy Zone: Enter near the breakout point (~$0.128-$0.132) to capitalize on bullish momentum.
Confirmation Entry: Add to the position once price closes above $0.14 with strong volume.
Stop Loss:
Place a stop-loss slightly below $0.12 (e.g., $0.118) to limit downside risk if the breakout fails.
Profit-Taking Strategy:
First Take-Profit (TP1): At $0.14 (~10% gain) to secure initial profits.
Second Take-Profit (TP2): At $0.18 (approximately 40% gain from entry).
Final Target (TP3): $0.22-$0.24 for long-term holders seeking maximum gains.
Position Sizing:
Allocate 2–5% of your portfolio, depending on your risk tolerance. Keep capital reserved for potential averaging down if needed.
Trailing Stop:
Implement a trailing stop once the price exceeds $0.18 to lock in profits while allowing room for further upward movement.
Risk Management:
Maintain a Risk-Reward Ratio of at least 1:3. Adjust trade size to manage risk effectively.
Monitoring:
Regularly check volume trends, RSI levels, and significant market news affecting KASPA.
Be cautious of overall cryptocurrency market sentiment, as broader trends often impact altcoins.
This falling wedge setup, combined with oversold indicators and volume confirmation, suggests KASPA is primed for a bullish breakout. Stick to the trading plan and employ disciplined risk management to maximize returns while minimizing potential losses.
"ALTCOINS: HOLD OR SELL? BTC Dom at a Critical Turning Point!🚀 Hey Traders! 👋
If this analysis resonates with you, smash that 👍 and hit Follow for premium setups that actually deliver results! 💹🔥
🔥 Market Recap
Last night, we witnessed a massive liquidation cascade across the entire crypto market. Altcoins took a heavy hit, with many dropping 20-30% overnight, wiping out billions of dollars.
🔑 Key Takeaway:
This is why I always stress—never trade leverage without a stop-loss. Protect your capital first. Hope you all followed this golden rule!
📊 Market Outlook: Where Are We Heading?
BTC Dominance:
Breaking down from a rising wedge on the weekly time frame—a classic bearish signal.
Currently retesting the breakdown zone, indicating a potential sharp decline ahead.
🌟 What This Means:
If dominance drops further, spot altcoin holdings will likely surge.
This is the time to accumulate, not panic-sell.
💎 Opportunities Ahead
Many altcoins are retesting key support levels after breaking out on the daily time frame:
FET, W, PEPE, LTC, APT, RENDER, and more.
Patience is key here. Hold onto your spot bags and use this dip as an opportunity to accumulate strong projects.
🚀 The Road Ahead
Over the next few days, we anticipate a strong recovery across the market, with alts pumping hard. Stay calm, stick to your strategy, and ride this wave.
💬 Your Move:
What’s your strategy for this phase? Are you accumulating or waiting for more clarity? Drop your thoughts in the comments below—we’re in this together! 🌊🔥
👉 Follow us for more timely updates and winning trade setups. Let’s crush it! 💪
Ethereum Name Service Launches Namechain on Linea’s zkEVMThe Ethereum Name Service ( NYSE:ENS ), a pioneer in decentralized identity and blockchain-based naming systems, is taking a bold step forward with the launch of Namechain, its own Layer 2 (L2) solution. Powered by Linea’s zkEVM technology, Namechain is poised to revolutionize blockchain address management, offering enhanced scalability, reduced costs, and expanded functionality for the Web3 ecosystem.
Why Namechain and Why Now?
NYSE:ENS has long been at the forefront of simplifying blockchain interactions. By converting complex Ethereum addresses into human-readable names like "john.eth," ENS has made the decentralized web more accessible. However, as the protocol has grown to support decentralized identity, user profiles, website hosting, and DNS interoperability, the need for a more scalable infrastructure has become evident.
Enter Namechain – a strategic response to these challenges. Built on Linea’s zkEVM, Namechain combines cutting-edge technology with ENS’s robust naming protocol to deliver unparalleled performance.
Technical Foundations: Why Linea?
The decision to build Namechain on Linea’s zkEVM followed a rigorous evaluation by ENS Labs. Two standout features of Linea made it the ideal choice:
1. Type 2 zkEVM Compatibility: Linea’s zkEVM ensures seamless bytecode compatibility with Ethereum, enabling the reuse of existing smart contracts and tooling without modifications.
2. High-Performance Prover: Linea’s rollup architecture offers fast state confirmation, ensuring reliable and efficient name resolution.
Moreover, Linea’s multi-client compatibility with Ethereum execution clients like Geth and Besu enhances ecosystem resilience, ensuring robust infrastructure for ENS’s evolving needs.
Proven Collaboration and Ecosystem Benefits
ENS and Linea share a strong history of collaboration. Notably, Linea was the first L2 team to implement CCIP-Read (ERC-3668), enabling decentralized cross-chain name resolution for over 530,000 linea.eth subnames. This partnership validated ENS’s L2 integration capabilities and demonstrated Linea’s technical prowess.
The move to L2 addresses several key challenges:
- Higher Throughput: Increased transaction capacity enables faster registration and renewals.
- Cost Efficiency: Significantly lower fees make ENS services accessible to a broader audience.
- Extensibility: Advanced naming features and complex resolution logic become feasible on L2.
Namechain’s Impact on Decentralized Identity
ENS’s role extends beyond address resolution; it underpins decentralized identity across Web3. Namechain amplifies this mission by offering a scalable solution that supports:
- Permissionless User Profiles: Enabling decentralized identity systems to flourish.
- Decentralized Hosting: Facilitating censorship-resistant websites.
- DNS Interoperability: Bridging traditional and blockchain-based naming systems.
Market and Technical Outlook for NYSE:ENS
Despite the groundbreaking announcement, NYSE:ENS is currently trading at $42.17, down 2.17% in the last 24 hours, with a market cap of $1.48 billion. Technical indicators suggest a potential bullish reversal:
- RSI at 48: Indicates steady momentum.
- Key Resistance Level: A breakout above the 1-month high of $50 could confirm a bullish reversal pattern.
Fundamentally, the launch of Namechain positions ENS as a critical player in the evolution of decentralized identity, aligning with the growing demand for scalable and efficient blockchain solutions.
A Vision for the Future
The partnership between ENS and Linea represents a significant leap forward in blockchain technology and decentralized identity. By combining ENS’s innovative naming protocol with Linea’s advanced zkEVM architecture, Namechain promises to set new standards in scalability, cost-efficiency, and functionality.
ENS Labs invites the broader technical community to participate in this journey through open-source contributions and feedback. Together, they aim to shape the future of decentralized identity and blockchain-based naming systems, paving the way for a more intuitive and accessible internet.
About Ethereum Name Service (ENS)
ENS is a distributed, open naming system built on Ethereum. It simplifies blockchain interactions by converting machine-readable addresses into human-readable names. With its decentralized and extensible framework, ENS is a cornerstone of the Web3 ecosystem, driving adoption and innovation in blockchain technology.
3 Altcoins Approaching The Lower Bound!Since you enjoyed my previous post about 3 Altcoins Rejecting the $5 mark!
Here's an interesting one about altcoins retesting the lower bound of the wedge pattern:
BINANCE:PYTHUSDT
PYTH has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
KUCOIN:GLQUSDT
GLQ has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
COINEX:AEROUSDT
AERO has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich