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Altcoins

ETHEREUM ETF With the Ethereum ETF decision just days away, ETH has made a massive breakout play in an effort to front run a positive ETF outcome, the approval of VanEck and ArkInvest/ 21Shares ETH ETFs on the 23rd & 24th May respectively. In terms of price action and charting this is how I see it. Now that price has broken out from the downtrend and hit the Bearish OB as shown, I think many were caught of guard and expected any sort of volatility to come on the day of the decisions. Instead it seems many have decided to front run the decision and go long which opens up more challenges. I think ETH had priced in a rejection of the ETF at ~£3K , with how the SEC has viewed ETH and it's stance on insisting it's a security, Coinbase estimated a 30-40% chance of an approval last weekend. Now that price has risen almost as if we already have news of approval I think that should the ETF be denied we could fall straight back down to $3K area with support areas shown as targets on the chart. This would print a Bart Simpson style pattern and many Longs will be devastated. On the other hand, Bloomberg have said that the chances of approval has gone from 25% to 75% and the chart shows this new level of optimism. If the ETF is approved I could see ETH using this current level as a base to target new local highs and close the gap on BTC dominance.
by ProR35
1
THE OPEN NETWORK (TON 4H) The Open Network (TON) is designed as a distributed supercomputer, or “superserver,” intended to provide a variety of products and services to contribute to the development of the decentralized vision for the new internet. A decentralized and open internet, created by the community using a technology designed by Telegram. With an increasing TVL and a growing ecosystem the future looks good for TON. The TON chart is a very interesting one. Over the last few month it has performed very well despite the overall market conditions. A near 300% increase since FEB compared to 45% for BTC, and has maintained most of its gains when compared to other altcoins. The TONBTC chart is one of the strongest out there, massively outperforming BTC in the recent months to maintain a bullish trend. Both BTC & USDT pairs are above the 4H 200 EMA. CERTIK top 10 on every category ( Fundamental 80, Operational 92.19, Governance 94.73, Market 95.94, Community 95.38, Code 97.31). My trade idea based on these points is simple: - Flipping the 4H 200 EMA as support. - Flipping the range MIDPOINT as support. - Respecting the diagonal support trendline. - After breaking out of the bearish trendline, now retesting it as support. -The STOP LOSS comes into play once all of the above areas of support and confluence are broken, the trade is obviously invalid at this level once losing market structure, range midpoint & Key S/R level. The overall trade R:R I feel is good at this point purely because of the clear support areas at this level. I think a lot of this trade will require BTC to behave and continue its recovery, it may be bearish for the BTC pair but not the Stable pair.
by ProR35
Ethereum - ETF incoming! No one can be sure when the US SEC will approve the spot Ethereum ETF registration statement, which is expected to be in next few weeks. Now it's just a matter of how long the SEC wants to delay. Ethereum has been trading within a parallel channel since the beginning of the month, and is currently using the daily SMMA as support, if we break out of the channel with confirmation, I believe we will easily see Ethereum return to $4,000 or close to it in the short term, that will be bullish for the Altcoins.
Long
by The_Trading_Wizard_
2
BTCUSDT Headed for more than 7% Drop?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:BTCUSDT Bitcoin is currently trading below the EMA90 line, indicating a bearish trend . The breakout from the rising wedge formation further confirms this downtrend. Additionally, the momentum indicator has revealed an MACD bearish crossover, reinforcing the negative sentiment . This crossover, marked by the MACD line crossing below the signal line, underscores increased selling pressure and suggests a potential downward movement. Therefore, these combined technical signals collectively suggest a continuation of the bearish trend, with our initial target set at 58,093 or potentially dropping further to the second target at 55,742. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
CRYPTO:BTCUSDShort
by financialfreedomgoals101
9
ALTCOINS That are STRONG NOW1) AVAX If AVAX can close ABOVE the short term resistance zone, the way up is cleared and more upside potential becomes highly likely: 2) OPUSDT: OP bottom should be either close, or in as it made a full retracement after the last high: 3) PALM AI Palm has made a full retracement and filled out the opening candle. If you've been following me for a while, you'll know that this is an important metric for me to watch when buying newly released alts: 4) ARB Incase you don't know, I have this belief on buying newly released alts where I say the price WILL return to the opening candle zones sooner or later. A healthy bounce from here is then perceived as a sign of strength as the alt is ready for more upside. More on the above strategy here: HOW to BUY NEW ALTS:
Long
by CryptoCheck-
1
Notcoin(NOT) will Fall at least -15%Notcoin(NOT) is moving in Resistance zones and I do NOT expect it to succeed in breaking these zones in the first attack . According to the theory of Elliott waves , it seems that Notcoin(NOT) has succeeded in completing 5 impulsive waves and we should wait for corrective waves . I expect Notcoin(NOT) to drop at least -15% . Notcoin(NOT) Analyze (NOTUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
18
Altcoins Warming Up! Here Are Some Picks.Traders, We knew it was coming. We knew alts were nearing their bottom and would heat up soon. We knew we would start to make and take massive profits like we did on one of our trade exits today (+64%). WE DID NOT KNOW THAT AN ASSASSINATION ATTEMPT ON FORMER PRESIDENT TRUMP WOULD START IT ALL. But this appears to be exactly what happened because prior to the attempt the former president had been vocalizing full support of Bitcoin and crypto. The big dawg (BTC) has led the pack strongly and I believe we are just beginning to see the start of our second leg up in the altcoin space. In tonight’s video, I am going to cover the current hottest alt and meme coins in the list that I track. We’ll do some quick technical analysis and I’ll give you some possible entry points and strategies as well as some final targets for swing trades. Paid subs, know that in the future I will probably be picking up one or two of these coins. Also, should my proprietary indicator continue its current success rate, I may share a special post about what this is and how I utilize it. Be on the lookout for these future posts and more. Enjoy this week’s video on a few of the hottest altcoins for this mid-July.
Long
by stewdamus
BTC - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈BTC has been overall bullish, trading above the red trendline. Moreover, the $61,000 - $62,000 is a strong support zone. 🏹 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 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
by TheSignalyst
TIAUSDT | ARE WE GOING UP?Is a new bull market on the horizon? It just might be! Let’s dive into why TIAUSDT looks so promising right now. Market Context The crypto market is showing signs of life, and TIAUSDT could be poised for a significant move. Bullish Signals • Key Support Break: Recently, TIAUSDT broke through a key support level with significant volume, often a precursor to upward momentum. • BTC Sentiment: Bitcoin’s sentiment is bullish, and as the market leader, BTC often sets the tone for altcoins. A bullish BTC means good news for TIAUSDT. • Volume Surge: The volume spike indicates strong buying interest, suggesting that traders are gearing up for a potential rally. Strategy Given the bullish signals, I’m looking to ride the wave with TIAUSDT. Let’s capitalize on this potential move upward. Action Plan Going long on TIAUSDT, targeting higher levels as the market sentiment shifts. Could we be at the start of a new bull market? Let’s find out! 🚀💥 Good luck, everyone! #minno #TIAUSDT #CryptoTrading #Bullish #MarketAnalysis #Uptrend #Altcoins #BTC #StayTuned
Long
by minno91