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NOTCOIN Up 85% In Four Days. Targets & Trade Strategy.Traders, So, two days after recommending, NOT coin had one last liquidation event before popping up and out of this bullish descending wedge nicely. It then proceeded to rally 85% from its wick low to its current price as of this post and a full 35% from where I recommended entry! As I’ve stated previously, altcoins are few and far between right now for long entries. But there are a few you’ve heard me mention which have good setups. NOT coin was one of these and is why I entered initially. If you are still looking to re-enter this coin, 15 cents appears to be a great level. You will see that volume has created a nice level of support at that price. For those of you still in the trade, I have drawn four levels above my entry, the first level we’ve already hit at 15 cents. Target two comes at around 19 cents. Target three at 21. The final target is 25 cents plus. Best of luck to you all! Stay tuned and I’ll do some more analysis on some of my other recommendations, like BONK, up 15% today so far. Stew
Long
by stewdamus
08/07/24 Weekly outlookLast weeks high: $63,884.22 Last weeks low: $53,536.87 Midpoint: 58,710.54 A continuation of BTC selling off has lead to a loss of nearly $10,000 from Bitcoins price from high to low. This sell off is mostly propelled by large selling pressure caused by the German Government selling, however they still have $2.2B of BTC to sell and Mt.Gox begin repayments of stolen funds from 2014 causing increased selling pressure. From a TA standpoint BTC is still LTF bearish, but the interesting part is the HTF's as BTC is retesting the 1D 200EMA as resistance since breaking below it last week. In a Bullrun you really don't want to see too much time spent under the 1D 200EMA, it should really act as strong support and a place to add to LONG positions. This week I would like to see the Bullish OB+ @ $52,000 tagged before making a judgment on where BTC is going next. It's a strong support area that will attract price too it, TA says this is a good area to go LONG but this is definitely not a blind bid environment. It also happens to be a 30% drop from ATH which has been a common Bullrun correction in the past. This week my focus is on the ETH ETF updates, the S-1 forms rumoured to be due tomorrow, then it's down tot the SEC to turn them around. ETH is around $3000 with sentiment at yearly lows, definitely an opportunity there. Also the BTC1D 200EMA is a point of contention and an important S/R level.
by ProR35
ZROUSDT - Struggling to break the High (SHORT)ZRO recently surged to a swing high and is currently battling at that price area. Let's dive into the latest price action and explore a potential short trade setup with a great risk-to-reward Recent Price Action: Surge to Swing High Swing High: ZRO surged to the recent swing high, encountering resistance at this key price area. Battle at Swing High: The price is currently struggling to break above this resistance, suggesting a potential retracement. Short Trade Setup: Targeting the Fib 0.382 Level 1.) Short Trade Setup: Entry Point: Consider entering a short trade from the previous swing high. Target Profit (TP): The TP for this short trade is the Fibonacci 0.382 level of the entire wave structure, around $3.80. Support and Confluence: Old Order Block: The Fib 0.382 level also coincides with an old Order Block, providing an additional layer of support. Anchored VWAP: Taking the Anchored VWAP from the low, we see clear confluence at the exact 0.382 Fib level, reinforcing this area as a strong support zone. Key Levels and Indicators Resistance at Swing High: Watch for continued resistance at the swing high, which supports the short trade setup. Fib 0.382 Level: Monitor the price action as it approaches the $3.80 level, where we expect to see support from the Fib level and the old Order Block. Volume Trends: Decreasing volume near the swing high can further confirm the potential for a retracement. Strategy: Executing the Short Trade Executing the Short: Enter the short trade at the swing high or at Fibonacci 0.618 (around $4.3), targeting the Fib 0.382 level around $3.80. Monitoring Price Action: Keep an eye on volume and price action for any signs of bullish reversal as the price approaches the support level. Our short trade setup targeting the Fib 0.382 level around $3.80, which aligns with the Anchored VWAP and an old Order Block, offers a strategic opportunity with a great R:R. What are your thoughts on this analysis?
Short
by SiDec
TURBOUSDT - Time for a Retracement (SHORT)Hey Turbo traders! Turbo experienced a rapid surge within a single day and now it's time to analyze the next potential moves. Let's dive into the latest price action and what to expect next. Surge and Retest Rapid Surge: Turbo surged dramatically within one day, showcasing impressive bullish momentum. Retest of mOpen: After the surge, the price retested the mOpen, a key area of interest. Formation of a Head and Shoulders Pattern Head and Shoulders Pattern: It looks like Turbo is forming a Head and Shoulders pattern, a classic bearish reversal signal. Right Shoulder Formation: Now, we need to cool down and form the right shoulder of this pattern. Key Levels and Trading Strategy 1.) Short Trade Setup: Entry Point: We placed a short trade at the monthly open (mOpen) as it presents a great risk-to-reward (R:R ratio) Target Profit (TP): The TP for this short trade is the Fibonacci 0.382 level, around $0.0042. This level also coincides with a previous daily support level, making it a significant target. 2.) Support Area: Fib 0.382 Level: This level is where we expect the price to retrace and find support. 3.) Monitoring Volume and Price Action: Volume Trends: Monitor the volume closely. Decreasing volume during the retracement would support the formation of the right shoulder. Price Action: Watch for bullish signals and price action patterns that indicate a potential long trade opportunity after closing the short. Strategy: Executing the Short and Preparing for the Next Move Executing the Short: Enter the short trade at the monthly open with a TP at the Fib 0.382 level around $0.0042. Potential Long Trade: If we see bullish confirmation at the support area, it might be a good opportunity to open a new long trade. Keep an eye on the volume and price action for entry signals. What are your thoughts on this analysis? Are you in on the short trade and preparing for a long entry? Share your insights below!
Short
by SiDec
4
NOTUSDT - Short Trade Setup Amidst Swing High ResistanceNOT surged to an important swing high, where we faced strong resistance. The Fibonacci speed fan perfectly acted as resistance at the swing high, showcasing a textbook low-risk trade setup for an excellent R short trade. Given the resistance at the swing high, it looks like we're entering a range-bound phase, building up a trading range. Expect some sideways movement as the market consolidates and prepares for the next move. Using the Fibonacci retracement tool, we identify the Fib 0.382 level as our primary short trade target. This level is crucial as it often attracts liquidity. If you missed the initial short entry at the highs, there are still great opportunities. Consider shorting at the Point of Control (POC) or at the Fib 0.618 level of the smaller wave. The Fib 0.382 level is also an area where liquidity lies, making it perfect for taking out some long positions built up at the swing high, with a target of the Fib 0.382 level as your take profit (TP) target. What are your thoughts on this analysis? Did you catch the initial short trade or are you eyeing the secondary entries? Share your insights and strategies below!
Short
by SiDec
Injective / INJ analysis The price of Injective is $2.28 today with a 24hour trading volume of 140 million dollar. This represents a 20% price increase in the last 24 hours and a 70% price increase in the past 30 days. Injective is a blockchain built for finance. It is an open, interoperable layer1 blockchain powering next-gen DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols. they had pretty busy week, first a mainnet upgrade then Astroport beta launched on Injective,they processed over 150M transactions and burned 5,639,832.45 total INJ too. Inj bulls couldn't break 2.5 resistance but the daily candle still is green means bulls still got chance, for short term 2.5, 2.9 and 3.5$ are targets. 1.5$ is a dip level for Inj and good opportunity for investors
Long
by moonypto
11
KASPA CHANCE FOR LONG (FUTURES TRADE)A coin that has a similar movement as the ADA cardano in 2021, and also of fundamental quality. It is one of the coins that appeared first in terms of strength when the euphoria began in 2023. Now it would be wisest to be patient because futures are in question. When we look at the futures trade, wait for the FVG to fill up, which would lead to a drop of 20% (the probabilities are small, but the point is certainty) When we invested it was low 0.11 and 0.12, now we approach completely differently. And if we miss a trade, our money is still working for us. This is a very important reaction because it shows that customers have taken over and that the correction is complete. We were in that range for a long time, a huge consolidation. I can very well target $0.55, but for now it is important to follow the set up. Feel free to show support with like,
Long
by learnfromfailure
2
Altcoins ready to dump soon.The market cap saw a significant rise from 2017 to 2021, peaking above 1.2T USD. This was followed by a sharp decline, and subsequent fluctuations between 2021 and 2023. There is a prominent dip into a highlighted blue zone around late 2022 to early 2023, suggesting a strong support level. Future Projections (2024-2031): The projection line indicates a rise in market cap approaching 800B in 2024-2025, touching a region marked as "Buyside Liquidity." A recommended shorting point is marked in early 2025, suggesting a peak before a decline. The market cap is projected to dip back into the blue support zone by 2026. Another significant drop is anticipated around 2027, reaching another highlighted grey support zone, where a buy opportunity is suggested. Annotations Short here: Indicated near the projected peak in 2025, suggesting this as an optimal point to short the market. Buy here: Indicated in the projected dip around 2027, suggesting this as an optimal point to buy. This analysis can guide investors in timing their trades based on historical trends and projected market movements.
CRYPTOCAP:TOTAL3Short
by SerenityEquity
29
01/07/24 Weekly outlookLast weeks high: $63,700.01 Last weeks low: $58,451.16 Midpoint: $61,075.58 Q2 ENDS - Q3 BEGINS After a rough quarter of sideways chop, ranging between ~$56K-73K it's safe to say that the last 3 months has been a tough one for the crypto markets. Despite the frustration with price it's important to realise the positive elements of the last quarter. The ETH ETF approval, THE HALVING, consolidation at the '21 ATH level are all bullish for the industry as a whole. As the weekly, monthly and quarterly all close, July 1st almost feels like a new chapter, one that needs to begin strong. Last week we saw BTC dip to the 1D 200EMA for the first time this calendar year. This is not uncommon in a Bullrun, a bounce off that moving average while it is trending up is often a good R:R entry level for a HTF position. This lines up well with how last week played out and until price breaks below the moving average and changes its trend direction, I do not believe we have reason to panic. As the first few trading hours of the new quarter have completed we can see that there is a clear S/R level at the 0.75 range line that was flipped, I would like to see a positive reaction off any retest of that level. As I stated before starting a new quarter positively can have a positive impact. Staying above $62,400 is important in the short term, $65,000 is resistance and an important S/R zone. In the altcoin market tomorrow is an exciting day as the ETH ETF goes live , we've seen what an ETF can do with BTC and potentially the same thing can happen with ETH, the difference in my opinion is that institutions and larger investors were all expecting the BTC ETF to be approved when it did. However, I do not believe that those same players expected ETH ETF's to be approved as soon as they did. It is no secret that the SEC has been arguing that Ethereum is a security and therefor comes under the SEC's regulatory power which was always a point of contention and made ETF approval unlikely. Now that the probe has been dropped by the SEC and they have relinquished power over the cryptocurrency, the ETF is set to go live and I believe the big players just weren't prepared for this to happen so quickly hence the delay in price movement comparable to BTC. We shall see if this delayed response continues as trading goes live but I have no doubt that over the long term this is a net positive for ETH and the altcoin market. In the broader alt space we can see clear signs of seller exhaustion . BTC dropped 10% last week and most alts didn't react anywhere near as negatively as this move usually does. That to me is a clear sign that sellers are all sold out and that buyers are happy to DCA in at these levels to balance price. This week I am keeping an eye on those altcoins that outperformed BTC last week on their BTC pairs with good fundamentals as these alts will perform the best on the next rally. ETHEREUM ETF trading is the main talking point of the week and I will be monitoring that closely. GOOD LUCK FOR Q3
by ProR35
2
Anticipating a MANTAUSDT Crash: Could the Downside Exceed 60%?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:MANTAUSDT ! On the Daily timeframe, MANTAUSDT is presenting a clear double-top pattern , a classic bearish signal indicating a potential reversal from an uptrend to a downtrend. The recent breakout of the neckline, paired with a surge in volume above the volume MA line, amplifies the downward momentum. With the MACD Indicator firmly in the negative zone, the stage is set for continued downside movement, targeting our first target at 1.107. Once achieved, we anticipate a revisit to the neckline or the pullback zone before the bearish bias extends towards our second target at 0.788, the 2.618 Fibonacci ratio. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. 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 CADJPY." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Short
by financialfreedomgoals101
9
Bitcoin & Ethereum is it really going to crash? We experienced another sell-off in cryptocurrencies, bringing BTC back below $59K. As a reminder, we still have a second limit set at $55,236 for a Bitcoin swing trade, and we plan to hold this position as we approach this level. This limit has been in place for several months, and sometimes patience is required. Our limit is precisely at the 24 Q1VWAP and 21 VAH, aiming to capture the resting liquidity below the recent low in May. For ETH, we are watching the 22 Q1VWAP and 21 Q3VWAP levels to hold, as they have successfully done so four times previously. This would be a favorable retest, potentially leading to an attempt to reach the EUROTLX:4K range again. With both BTC and ETH, we are anticipating the end of this sell-off, considering potential spot purchases in BTC and some altcoins if they experience another (maybe last) downward move.
CRYPTO:BTCUSDLong
by stromm_by_wmc