SHIB/USDT Holding Key Support! | Ready for the Next Move?
👋 Hey traders! I hope you’re doing great! Let’s dive into SHIB/USDT, which is showing exciting signs of strength.
SHIB/USDT has successfully flipped the **0.236 Fibonacci level ($0.0258)** into **support** 🔄. This key level now provides a solid foundation for further upside. With **volume spikes 📊** and bullish momentum indicators 🟢 in play, SHIB might be preparing for its next big move.
**MFI 💰** is at **63.88**, signaling strong buying pressure but leaving room for more gains. The **OBV 📈** continues to rise, reinforcing the bullish trend.
Key Levels to Watch:
- **Support**: $0.0258 (0.236 Fib) — a strong level for potential continuation.
- **Resistance**: $0.035 (0.382 Fib) — the next target if buyers push higher.
What to Watch:
- 🟢 **Bounce from Support**: Holding $0.0258 could lead to a rally toward $0.035.
- 🛑 **Break Below Support**: If $0.0258 fails, a retrace toward $0.0184 (0.786 Fib) could occur.
Takeaway:
SHIB/USDT is holding a crucial support zone at $0.0258. Will the bulls 🐂 take charge for a breakout, or will bears 🐻 step in for a pullback? Let me know your thoughts below! 💬
Feel free to **boost, share, or comment** if you found this analysis helpful! 🚀✨
Altcoins
Phemex Analysis #39: PT Returns 2763% in 1 Year time!Phemex Token (PT) has celebrated its one-year anniversary on November 30th, 2024. Since its inception at $0.06, PT has delivered a remarkable 2763% return, reaching a peak of $1.658. This impressive performance has solidified PT's position as a high-growth token with significant potential.
A Year of Milestones
Throughout the year, PT has consistently broken new all-time highs, demonstrating its resilience and upward momentum. Key milestones include:
$1.34: Reached on July 15th, 2024
$1.45: Reached on September 27th, 2024
$1.658: Reached on November 25th, 2024
How to Capitalize on PT's Potential
To maximize your potential returns on PT, consider the following strategies:
1. Buy the Dip:
Key Support Levels: $1.30 and $1.20
If the price dips to these support levels, it could be a good buying opportunity.
2. Buy the Breakout:
Resistance Level: $1.658
If PT breaks above this resistance level, it could signal further upward momentum.
3. Dollar-Cost Averaging (DCA):
Gradually accumulate PT over time, regardless of short-term price fluctuations. This strategy can help reduce the impact of market volatility.
A Proven Strategy for Long-Term Growth
A powerful strategy to maximize returns on PT involves combining DCA and buying the dip. Here's a practical approach:
Monthly DCA: Invest a fixed amount, say $10,000, when PT's closed price declines by 5% or more in a single day. If not, invest at the end of each month.
Buy the Dip: If PT's price declines by 20% from it's ATH, invest an additional $20,000.
By following this strategy, you can accumulate PT at lower prices, potentially increasing your overall returns.
Conclusion
Phemex Token's impressive performance over the past year has solidified its position as a promising investment. By understanding market trends, implementing effective trading strategies, and maintaining a long-term perspective, investors can capitalize on PT's potential and reap substantial rewards.
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.
SUI LONG OPPURTUNITY - SUI NETWORK BULLISH TREND ALERTSUI is one of the most popular altcoins in the crypto market right now. It has strong fundamentals, a solid team, and a growing community. I personally hold a spot position in this coin, and I expect to see SUI among the top 10 most valuable crypto assets soon.
Technical Analysis: SUI ran the daily swing liquidity and reached the daily demand zone responsible for the previous all-time highs. The price couldn't close below the daily swing and showed a strong rejection there.
After that, SUI broke the diagonal trendline that had maintained the lower time-frame bearish trend. The breakout was strong, with a close above, indicating to me that SUI has broken the bearish lower time-frame structure and is now targeting new highs.
I expect a small retracement to the green zone marked as the "4H Demand Zone," aligning with the Fibonacci equilibrium level. I’ll be looking to open a position there, aiming for new all-time highs.
AAVE COIN LONG IDEA - AAVE ALTCOIN SWING LONGAAVE is a coin I monitored closely during Summer 2024. While most altcoins were making new lows, AAVE was accumulating and showed resilience, which suggested to me that it might outperform others in the 2024-2025 altcoin bull season.
Technical Analysis: Price accumulated within the monthly demand zone throughout Summer 2024. It finally took off, breaking the weekly structure and creating strong bullish momentum on the weekly and daily charts.
Price broke the bearish trendline with strong momentum and created a daily demand zone below. I’d like to see price retrace into the daily demand, hit the maximum discount area, possibly test the trendline, and then take off toward the target.
As always, look for lower time frame confirmations within the entry zone before initiating the trade.
Stop loss: $110
Target: $261
AR COIN SWING LONG - Arweave Long OpportunityAR is one of my favorite coins fundamentally. It has a strong foundation in storage and distributed computing, which could play a crucial role in integrating AI technology with crypto. I won’t go deep into the details here, but you can read more about it online if you’re interested.
Technical Analysis:
The price reached the monthly demand, ran the daily swing liquidity, and couldn't close below it. We saw a strong rejection from that level, which led to a break in the daily structure.
Additionally, we broke the bearish trendline responsible for the downtrend since spring 2024. The trendline has been retested and rejected, further reinforcing the bullish bias. I believe we could soon see strong upward momentum on this coin.
I’ve purchased a spot bag and opened a futures position at this level, targeting significant upside and potentially holding as a swing trade until all-time highs.
TRU/USDT Breaking Barriers? | Daily ChartDescription:
TRU/USDT is climbing with momentum and testing **$0.111 (0.618 Fib)** resistance! 🔥 This level coincides with the **200-day MA (red line) 📉**, making it a crucial battle zone for bulls 🐂 and bears 🐻.
Key Observations:
1. **PSR (Parabolic SAR)**: 🟢 Green dots below price = strong bullish trend.
2. **Fibonacci Levels**:
- 🟣 **0.618 Fib ($0.111)**: Major resistance ahead.
- 🟢 **0.786 Fib ($0.085)**: Key support for pullbacks.
3. **MFI (Money Flow Index)**: 💰 At **71**, showing strong buying pressure but nearing overbought territory ⚠️.
4. **Volume**: 📊 Recent spikes suggest growing market interest.
What to Watch:
- 🟢 **Breakout**: Clearing $0.111 could spark a rally toward **$0.190 (0.236 Fib)**.
- 🛑 **Pullback**: Rejection might retest support near **$0.085**.
Takeaway:
TRU/USDT is at a key moment 🚦. Will we see a breakout and rally 🌈, or a healthy dip 🌊 first? Share your thoughts below! 💬
OTHERS Weekly Chart | Testing Critical Resistance
Altcoin Market Excluding Majors ⚡Testing Critical Resistance | OTHERS Weekly Chart
Description:
The **OTHERS** chart, tracking the market cap of smaller altcoins (excluding BTC, ETH, and top majors), is approaching a **key resistance near $330B (0.236 Fib level)**. 🚨 This level has historically rejected price (see red circles 🛑), but rising **volume** and strong momentum 📈 suggest a potential breakout.
Key Observations:
1. **Parabolic SAR (PSR)**: Green dots signal continued bullish momentum, with previous reversals marked by red dots.
2. **Fibonacci Levels**:
- The price has cleared the **0.382 Fib (~$255B)**, which is now acting as support.
- Testing **0.236 Fib (~$330B)** as resistance.
3. **Volume Spike**: Recent volume surges indicate growing interest in smaller altcoins.
4. **Moving Average**: Price is trending above the long-term moving average (pink line), showing a bullish structure.
What to Watch:
- **Bullish Case**: If the price breaks and holds above **$330B**, this could lead to further upside in the altcoin market. 🚀
- **Bearish Case**: A rejection at this level may result in a pullback to support near **$255B**, offering re-entry opportunities.
Takeaway:
Smaller altcoins are gaining traction as they test a critical level. Keep an eye on volume and momentum—could this be the start of an altcoin rally, or is a pullback incoming? Share your thoughts below! 💬
TOTAL3 (Excluding ETH & BTC) Testing Major Levels |
""Altcoin Market (Excluding ETH & BTC) Testing Major Levels | TOTAL3 Weekly Analysis"
**Description**:
The **TOTAL3** chart, which represents the altcoin market cap excluding Bitcoin and Ethereum, is testing a critical resistance at the **0.236 Fibonacci level (~$900B)**. This level has historically acted as a major barrier (as seen in the past rejections marked by red circles), but recent strong volume and bullish momentum suggest the possibility of a breakout.
**Key Observations**:
1. **Fibonacci Levels**:
- Price is testing the **0.236 Fibonacci level (~$900B)** after breaking through the 0.382 level (~$760B), which now acts as support.
2. **Parabolic SAR**:
- Green PSR dots below the candles signal that the market is currently in an uptrend, while red dots above would indicate potential trend reversals.
3. **RSI Strength**:
- RSI is at **76**, indicating strong bullish momentum, though it’s approaching overbought territory.
4. **Volume Spike**:
- Recent volume suggests increasing market participation, aligning with the bullish trend.
**What to Watch**:
- **Bullish Case**: A weekly close above **$900B** could open the door for further gains, with potential for the next major move.
- **Bearish Case**: A rejection here may result in a pullback to **$760B (0.382 Fibonacci)** or lower levels, offering new entry opportunities.
**Key Takeaways**:
📈 Altcoins (excluding ETH & BTC) are showing strong bullish momentum as they approach a major resistance level.
⚡ A breakout above $900B could signal continuation, while a rejection might offer pullback opportunities.
Altcoin Market at a Key Level – Breakout or Pullback? | TOTAL2
Hey traders! 👋 The altcoin market cap (TOTAL2) is at an exciting turning point as it tests the **0.236 Fibonacci retracement level (~$1.33T)**. This level has been a key resistance in the past, and the market’s behavior here will likely decide the next big move. Let’s break it down:
What’s Happening?
🔹 The market is testing **$1.33T**, which has been a tough resistance zone historically (see those red circles).
🔹 Strong volume recently suggests growing bullish momentum, which could help push through this level.
🔹 RSI shows the market is nearing overbought levels, so it’s worth watching for signs of either a breakout or a pullback.
**Possible Scenarios**
🚀 **Bullish Breakout**:
- A weekly close above $1.33T could signal that the market is ready for its next leg up.
🛑 **Rejection/Pullback**:
- If the market gets rejected, there may be opportunities to re-enter at lower levels, especially near key support zones.
**Key Takeaways**
📈 Altcoins are showing signs of strength, but this is a critical resistance to watch.
⚡ A breakout could lead to a strong move higher, while a rejection may offer better opportunities on pullbacks.
What do you think? Is the altcoin market ready to break out, or is a pullback more likely? Let’s discuss in the comments! 💬
Venus? Moon? Who Cares?XVS, also known as Venus, has experienced a sudden price surge and an increase in volume. As a result, I have identified two potential demand zones.
These zones are based on the assumption that they could act as strong support levels, where buying interest might re-emerge due to the current momentum and the underlying market structure.
If the price retraces to these zones, they could provide an opportunity for a rebound, as they represent areas where buyers might step in again to drive the price higher.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
AMP | Where to Join ?There is no need to be fomo, the parity has a characteristic that can provide good transaction opportunities. I want to be involved with the down pin in the order flow because you see the pins, ordering the blue boxes makes sense for now.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
IQUSDT | Smart PlanThis is a good place to join if we continue to rise, but if we are to see a pullback, it could come below $0.70.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Total3 chart breaking up from inverse head & shoulders patternThis is the chart that is every altcoin except for ethereum. Bitcoin is also not factored in. We can see it appears to have broken upward from the inverse head and shoulders pattern and the breakout target should be around 1.27 trillion. We also currently have the potential for a cup and handle to be formed with an even bigger breakout, but I want to see an actual handle forming first before I post a target for anything like that. *not financial advice*
LUMIA | GOOD FUNDAMENTALSLumia is a good project, I want to get involved somewhere and blue boxes looks nice.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis