IMX: Resistance BreakoutTrade setup : After a brief consolidation phase around the $1.25 resistance price has broken above it to signal continuation of uptrend, with upside potential to $1.55 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.80 (previous resistance), then $0.55. The nearest Resistance Zone is $1.25, which it broke, then $1.55.
Cryptoanalysis
SOL/USDT Likely to Go For a Correction? Solana Analysis💎 Yello, Paradisers! Let's focus on SOLUSDT – it's currently on an upward trajectory within an ascending channel, indicating the possibility of an adjustment due to an imminent supply zone.
💎 Of late, Solana has been consistently ascending within this channel. However, we may see a shift or correction soon. It's important to note that SOL is approaching a critical support level at $53.4.
💎 Beyond this level lies a significant supply zone, marked by an untouched Order Block (OB). Should SOL break below this support, it's likely to head towards the demand zone, as outlined in our charts.
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DASH/USDT Breaking Descending Channel? DASH Analysis💎Paradisers, get ready for a potential trading prospect with DASHUSDT. It's currently exhibiting interesting activity within a descending channel, indicating a possible shift towards an upward trend.
💎DASH has been diligently tracing a descending channel pattern. Should it break above this channel, we anticipate it to target liquidity up to a resistance level, followed by a swift retraction, staying true to its channel pattern.
💎There's a strong likelihood of a bullish movement starting from the support mark around $33.5. Once DASH successfully exits the descending channel in an upward direction, it's expected to aim for resistance levels near $43.17.
💎 Timing is of the essence for astute Paradisers. Identifying the best entry points during this ascent is key, and it's wise to steer clear of entering at the height of the rise.
💎Be cautious, as there's also a chance of DASH descending below the $24.36 support level. A fall beneath this critical point may raise questions about the sustainability of the upward trend.
RNDR: Resistance BreakoutTrade setup : Trends have reversed to Uptrend after price broke back above $1.70 key level and above 200-day moving average. After pausing briefly, it broke above $2.50 resistance to signal continuation of Uptrend with upside potential to $3.30 near-term and possibly even $4.00 resistance thereafter.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $2.90 (previous resistance), then $2.50. The nearest Resistance Zone is $3.30, which it broke, then $4.00.
SOL: Pullback in UptrendSolana (SOL) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price rallied over 200% to $60 resistance where it paused briefly and broke through it. There was a Bearish RSI Divergence that formed after price made a Higher High but RSI made a Lower High. Price could pullback to $47 support area, which is close to a 50% Fibonacci retracement level as well. That could be an attractive swing trade entry in Uptrend. Price appears poised to continue its run and revisit $80 resistance.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $47 (previous resistance), then $38. The nearest Resistance Zone is $60, then $80.
ARB/USDT Ready for an Explosive Journey? ARB Daily Analysis💎Yello, Paradisers take note as ARBUSDT displays a striking scenario at its resistance point, indicating a potential bullish departure from the Bullish Order Block (OB).
💎Arbitrum has recently pierced through its descending trendline, suggesting a climb is underway. It's currently facing a challenge at the 1.2624 resistance, yet the prospects for a bullish push originating from the Bullish OB are promising.
💎An additional bullish sign is ARBUSDT's sustained strength above the EMA100, adding weight to the optimistic scenario.
💎Nonetheless, traders should remain alert: a fall beneath the 0.940 level may signal a shift to bearish territory. Keep a close watch and strategize with prudence.
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AMP/USDT Ready for Potential Upward Journey? AMP Analysis 💎Yello, Paradisers take note as AMPUSDT displays a striking rejection at its resistance point, indicating a potential bullish departure from the Bullish Order Block (OB).
💎AMPUSDT has recently pierced through its descending trendline, suggesting a climb is underway. It's currently facing a challenge at the 0.00189 resistance, yet the prospects for a bullish push originating from the Bullish OB are promising.
💎An additional bullish sign is AMPUSDT's sustained strength above the EMA100, adding weight to the optimistic scenario.
💎Nonetheless, traders should remain alert: a fall beneath the .001496 level may signal a shift to bearish territory. Keep a close watch and strategize with prudence.
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SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Price has pulled back and is retesting that breakout level. This could be a swing entry opportunity in Uptrend with upside potential to $0.00001 next.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000070. The nearest Resistance Zone is $0.0000100, then $0.0000120, and $0.00001200.
WING/USDT Ready for Next Bullish Run? WING Analysis 💎Yello, Paradisers! get ready for an exciting phase with WINGUSDT as it shows a critical transition from resistance to support, suggesting a high probability of entering a bullish phase.
💎In its trading history, WINGUSDT has consistently demonstrated a tendency to break out of its descending channel, initiating an upward movement.
💎Presently, it has successfully crossed the resistance mark at 6.39. Coupled with its strong performance above the EMA100, this sets the stage for a likely bullish progression, pending a retest confirmation.
💎On the other hand, if WingFinance struggles to sustain its current trajectory and dips below the support during the retest, we might see a bullish approach from the demand level at 6.39.
💎However, if it falls below this crucial demand level, there's a risk of a significant downward movement to the lower level specified.
AAVE: Resistance BreakoutAAVE (AAVE) technical analysis:
Trade setup : Following a bullish breakout from Channel Down pattern, price broke above 200-day moving average, which signaled a bullish trend reversal to an Uptrend. Price has also broken above $95 resistance, which is being retested now. Upside potential to $115.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $80 (previous resistance), then $65. The nearest Resistance Zone is $95, then $115.
TPT/USDT Ready For Potential Bullish Journey? TPT Analysis 💎Paradisers, prepare for an exciting opportunity with TPTUSDT as it positions itself for a potential surge beyond its current descending channel.
💎Token Pocket has been consistently challenging a descending trendline, regularly facing off against resistance at key supply levels. The momentum is gathering pace, suggesting a strong likelihood for TPT to break through the supply barrier and move towards the next major supply zone.
💎If TPT encounters hurdles in breaking the supply level, a bullish resurgence from the current demand level is likely. This optimistic view is supported by an RSI divergence, which, upon closer inspection, indicates a bullish inclination.
💎Conversely, if TPT falls beneath the demand level, there could be a significant shift towards bearish territory, targeting the support level. It's essential to remain vigilant and closely monitor these pivotal levels as the situation unfolds.
SAND/USDT Had a Good Run 🚀| What's Next for SAND?💎Yello, Paradisers! turn your focus to SAND/USDT. We've spotted some compelling price dynamics. A standout observation is the rejection from the bearish OB, shedding light on the asset's potential direction.
💎From our latest analysis, SAND has successfully broken away from a descending trendline, setting its sights upward. We're currently anticipating two possible scenarios:
💎The Sandbox might undergo a slight retracement, finding support and bullish drive from the demand level at 0.3386, with an aim to challenge the bearish OB once more.
💎If SAND faces challenges in holding its ground above the .3936 demand mark, it's likely to seek bullish support from the .3386 demand zone. Yet, if it drops below this level, bearish movements could be on the horizon.
💎Always stay alert and craft your strategies based on these potential outcomes. Refine your trading decisions for SAND with ParadiseFamilyVIP.
SOL: Resistance BreakoutSolana (SOL) technical analysis:
Trade setup : Trends have inflected to an Uptrend. Following a bullish breakout from Falling Wedge pattern, price rallied over 100% to $47 resistance and broke through it on the 2nd attempt. Even though it is overbought (RSI > 80), it appears poised to continue its run in the near term and revisit $60 resistance next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $38 (previous resistance), then $25 – $30. The nearest Resistance Zone is $47 and $60.
OP: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge pattern, which was confirmed with break above $1.50 resistance and 200-day moving average, and signals a bullish trend reversal to an Uptrend. Price could revisit $1.80 resistance next. This Layer-2 protocol has benefited from the launch of Worldcoin (WLD) and Base layer-2 network, which are based on Optimism protocol.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $1.20, then $0.90. The nearest Resistance Zone is $1.50, which it broke, then $1.80
HBAR/USDT Next Possible Move? HBAR Analysis Today💎Yello, Paradisers! take note of the promising setup with HBARUSDT as it positions itself for a potential leap beyond its current confines.
💎Hedera has been diligently testing the limits of a descending trendline, regularly challenging the supply level but not yet securing a breakthrough. The building momentum now hints at a ripe opportunity for HBAR to shatter the supply barrier and aim for the subsequent major supply zone.
💎If HBAR finds itself unable to break through the supply, we're looking at a likely bullish resurgence from the demand level at hand. This bullish sentiment is further supported by an RSI divergence, which suggests a bullish undercurrent.
💎Nevertheless, if HBAR dips below the demand level, we could see a shift towards a bearish trend heading to the support level. Keep a close eye on these pivotal levels as the situation develops.
SUSHI/USDT Ready For Bullish Rally? 💎Paradisers, brace yourselves! SUSHI/USDT is on the brink of a bullish eruption, ready to break free from its descending channel and embark on an upward spree.
💎Lately, SUSHI has been hovering near a pivotal support zone. Coupled with an uptick in trading volume, we're bullish about an imminent upswing.
💎After initially reaching equal highs, SUSHI experienced a significant drop, indicating a change in market mood and extending its bearish trajectory.
💎Nonetheless, signs of bullish momentum are beginning to re-emerge, and we anticipate the price will target the overhead supply zone in the near future.
💎Heads up: Should the price dip below the support level due to market volatility, be prepared for a possible bearish pivot.
💎Stay locked in for more timely updates!
TON/USDT Ready for an Explosive Bullish Journey? TON Analysis💎Yello, Paradisers! brace yourselves for a potential treasure trove with TONUSDT! Our analysis indicates a recent breakout from a descending channel, signaling a potential bullish swing.
💎In the recent few days, TonCoin has navigated this narrowing descending channel, with pivotal support pegged at $1.92.
💎The current trajectory suggests a potential revisit to this support level before setting its course upwards. A successful breach of this pattern would further reinforce the bullish perspective.
💎Conversely, anticipate a significant bearish turn if the support doesn't hold. In this context, consider a short position after a retest.
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WING/USDT Ready For Bullish Momentum? WING Analysis Today💎Paradisers, cast your eyes on WINGUSDT! Its current path within the demand zone is captivating. With clear signs of buying strength, it's gearing up for a potential bullish leap.
💎In the past, WING has charted its course within a descending channel. Having recently brushed against the channel's base, it's now sparking its upward drive. We're confident in its potential to ascend towards our anticipated resistance level.
💎However, vigilance is paramount. If WingFinance dips beneath the demand zone, there's a strong likelihood it will revert to the support for a re-evaluation.
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TON: Resistance BreakoutTrade setup : Price is in an Uptrend. It appears to finally have broken above the $2.60 resistance zone, which is where it got rejected previously in September and in early 2023. Price could attack $3.00 next. However, it is overbought (RSI > 75), so we could see it pause briefly on some profit taking near-term, before resuming it’s uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $1.95, then $1.60. The nearest Resistance Zone is $2.60, which it broke, then $3.00.
DOGE: Resistance BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Following a bullish breakout from Descending Triangle, price has also broken above $0.07 resistance and 200-day moving average, which confirms an Uptrend. Upside potential to $0.08 near-term.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.07, which it broke, then $0.08 and $0.10.
PSG/USDT Ready for an Upward Rally? PSG Analysis💎Yello, Paradisers! cast your gaze upon PSGUSDT as it hints at a bullish reversal, rebounding from resistance with a promising ascent in sight.
💎PSG has skillfully broken through a descending trendline, charting a course for upward momentum. Although it has encountered resistance recently, the likelihood of a bullish resurgence from the current demand zone is strong.
💎If PSG's drive falters, a bullish rally from the support at 2.770 is anticipated. However, a fall below this support could lead to a significant pullback.
💎Keep a sharp lookout and be prepared to make your move as ParisSaintGermainFanToken approaches these pivotal market points.
VET/USDT has a Good Run 👀 🚀| What's Next for VeChain?💎Yello Paradisers! Turn your gaze to VETUSDT. It's currently navigating within a demand zone, hinting at a possible bullish shift.
💎For quite some time, VET has been maneuvering within a descending channel. As of now, there is a high probability that VET will see a bull run to the Bearish OB and the supply zone due to volume surge.
💎If VET manages to cross the .0193 mark due to its Position in the demand zone and huge volume, the bullish probability will strengthen. While noobs might think of shorting around this level, it's prudent to see the bigger picture.
💎On the other hand, if VET descends below the .01820 demand mark, it might be gearing up to touch a more robust support zone. As always, keep your eyes peeled and strategize with foresight.
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XRP: Overbought at ResistanceRipple (XRP) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle pattern, above 200-day MA and $0.55 resistance, signaled resumption of uptrend and price has reached our target of $0.68. However, price is now very overbought (RSI > 85!) just as it reached that $0.68 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.55 (previous resistance), then $0.45. The nearest Resistance Zone is $0.68, then $0.92.