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CFX/USDT Ready for an Explosive Journey? CFX Analysis💎 Paradisers, take note: CFXUSDT is poised for a potential surge as it teeters on the edge of resistance, suggesting a promising climb may be on the horizon. 💎 Our scrutiny of CFX's movements reveals an attempt to break free from a descending channel, indicative of a bullish turn. Despite a recent setback at the .1782 resistance mark, the potential for an upward break, anchored by the support at .1434, is significant. 💎 On the flip side, if Conflux stumbles in its bid to breach the resistance, we foresee a bullish rebound from the .1434 support zone. 💎Yet, should it dip below this pivotal level, a bearish slide could ensue. Keep a watchful eye and strategize proactively as the situation develops. 💎Hone your trading insights for Conflux with ParadiseFamilyVIP. Dive deeper into our expert perspectives on CFX and other promising tokens, enhancing your crypto strategy.
Long
by MyCryptoParadise_Simon
EGLD: Overbought at ResistanceTrade setup : Price broke back above the down trendline and above 200-day moving average ($32), which confirmed a bullish trend reversal to Uptrend. Then it spiked up to $50 resistance. However, price is now very overbought (RSI > 90!) just as it reached that $50 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 Downtrend 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 $28 (previous support), then $22. The nearest Resistance Zone is $38, which it broke, then $50.
Long
by altFINS
HNT: Channel Down BreakoutHelium (HNT) technical analysis: Trade setup : Bullish breakout from Channel Down pattern could signal a bullish trend reversal with upside potential to $2.00. Price has also broken above $1.50 resistance and 200-day moving average ($1.52), which suggests that buyers have finally absorbed all the supply from sellers, and price can now advance higher. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. 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 $1.15. The nearest Resistance Zone is $1.50, which it broke, then $2.00, and $2.30.
Long
by altFINS
ROSE/USDT Presenting a Unique Opportunity | Rose Analysis💎Paradisers, buckle up for an exhilarating ride with ROSEUSDT! Having successfully escaped a descending channel, the asset is currently back-testing that very trend line, laying the groundwork for a likely bullish upswing. 💎A few days back, ROSE sketched out a solid descending channel, making contact with the trend line on three separate occasions before finally breaking loose. 💎What sparked this breakout? Our scrutiny of the High Time Frame (HTF) weekly chart reveals a bullish weekly candle, indicative of potent buying momentum. 💎The volume profile is also showing fluctuations that align with the candle's range. This retest could serve as a golden trading opportunity. 💎However, if the ROSE's price dips beneath the trend line, brace yourselves for a substantial downward shift. In such a case, strategize your short entries carefully. 💎Stay one step ahead and trade with due diligence!
Long
by MyCryptoParadise_Simon
MBOX/USDT Had a Good Run | 👀 🚀What's Next? 💎Yelo, Paradisers! cast your gaze upon MBOXUSDT as it navigates a trading channel, presenting a possible bullish opportunity. 💎MBOX has been consistently tracking within a descending channel for a period now. The present trend suggests a potential rise towards the Bearish OB and the supply zone just above. 💎Currently positioned in the demand zone, should MBOX break through the .3096 level, we could see a strengthening of its upward movement. While it may be tempting for newcomers to consider short positions at this juncture, a broader outlook is advisable. 💎On the contrary, should MBOX fall beneath the .2525 demand level, it could indicate a move towards a more substantial support area. Remain vigilant and approach your trading with strategic foresight. 💎Enhance your trading acumen for MOBOX with ParadiseFamilyVIP. Explore our in-depth analyses on MBOX and other potential cryptocurrencies, to refine your investment strategy.
Long
by MyCryptoParadise_Simon
MKR: Double TopMaker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. However, after getting rejected 2x at $1,600 resistance zone (Double Top pattern?) , price has pulled back and broken below $1,350 support, which makes us cautious. We wait to see where this pullback stabilizes. The next support area is $1,000-$1,100. Maker is a well established DeFi platform with real users and revenues, which forms a solid foundation for investors looking to trade it. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $1,350, which it broke, then $1,000 – $1,100. The nearest Resistance Zone is $1,600.
Long
by altFINS
ALICE/USDT Ready for a Bull Run? 🚀ALICE Analysis Today💎Paradisers, set your sights on ALICEUSDT! Currently nestled in a demand zone, it's teeming with potential. 💎Looking back, ALICE has faced resistance at the supply level thrice within a descending channel, resulting in a downward trend. As it now hovers within the demand zone, we're looking at two likely scenarios. First, if ALICE maintains its current momentum, it could very well take on the supply level once more. 💎However, if the momentum falters and the price drops beneath the demand zone, a slide towards a key support level seems probable. 💎Sharpen your trading strategies for ALICE with ParadiseFamilyVIP. Dive into our expert analyses on MyNeighborAlice and other potential tokens, streamlining your crypto journey.
Long
by MyCryptoParadise_Simon
UNI: Channel Down BreakoutUniswap (UNI) technical analysis: Trade setup : Bullish breakout from Channel Down pattern could signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Conservative traders could wait for confirmation: price breaking above 200-day moving average ($5.00). Upside potential to $6.50 next. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the FTX fallout as more traders move to decentralized exchanges and non-custody trading solutions. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and 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 $4.00, then $3.65. The Nearest Resistance Zone is $4.75 (previous support), then $6.50.
Long
by altFINS
1
CYBER/USDT Bullish Rally on the Horizon? 🚀👀 Cyber Analysis💎Yello, Paradisers! shift your gaze to CYBERUSDT! We've observed some intriguing price movements. Notably, there's a clear rejection from the bearish OB, hinting at the asset's potential trajectory. 💎In our recent assessment, CYBER has managed to break free from a downward trendline, aiming for an upward momentum. At this juncture, we foresee two potential outcomes: 💎The CyberConnect may experience a minor pullback, seeking bullish momentum from the support level at $6.03 to retest the bearish OB. 💎If CYBER struggles to maintain its position above the $6.03 demand threshold, it might lean on the underlying demand zone for bullish support. However, a descent below this marker could signal a bearish trend. 💎Always be on your toes and tailor your strategies with these possibilities in mind!
Long
by MyCryptoParadise_Simon
SNX: Resistance BreakoutTrade setup : Bullish breakout from Channel Down pattern and above $2.27 (200-day moving average) signals bullish trend reversal with upside to $2.60. Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. 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 $1.90, then $1.60. The nearest Resistance Zone is $2.60, then $3.05, and $3.40.
Long
by altFINS
MANA/USDT Had a Good Bull Rally | What's the Next Move? 💎Yello, Paradisers zoom in on MANAUSDT! It's currently tracing an ascending channel, suggesting a potential adjustment due to the looming supply zone. 💎Lately, Decentraland has maintained a steady climb within this upward channel. Yet, a shift or correction might be on the horizon. It's essential to highlight that MANA is navigating towards a crucial support mark at 0.3445. 💎Beyond this point, there's a distinct supply zone marked by an untouched OB. If MANA descends past the support, it's poised to gravitate towards the demand zone indicated on our chart. 💎Enhance your trading decisions for Decentraland with ParadiseFamilyVIP. Dive deeper into our expert insights on MANA and other promising coins, refining your crypto approach.
Short
by MyCryptoParadise_Simon
1
XRP: Ascending Triangle BreakoutRipple (XRP) technical analysis: Trade setup : Bullish breakout from Ascending Triangle pattern, above 200-day MA and $0.55 resistance, could signal resumption of uptrend with upside potential to $0.68. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. 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 $0.45. The nearest Resistance Zone is $0.55, then $0.68, and $0.92.
Long
by altFINS
BTC: Overbought at ResistanceBitcoin (BTC) technical analysis: Trade setup : Trends have reversed to Uptrend and price has surpassed our target of $32K. Now, price is getting very overbought (RSI ~ 80!) near $35K resistance and we could see some profit taking near-term, which is the reason for our Neutral rating. We’re looking for a pullback for another swing entry opportunity. Where could the price pull back to? Nearest Fibonacci retracement levels are BER:33K (23.6%) and $32K (38.80%). Previously, 1) price broke through the down trendline (blue line in chart), 2) broke above $28K resistance where it got rejected 2x, and 3) broke above 200-day moving average, and most recently 4) broke above $32K resistance. 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 $32K (previous resistance), then $30K. The nearest Resistance Zone is $35K.
Long
by altFINS
STARL/USDT Ready for a Bullish Rally? STARL Analysis Today 💎Paradisers, gear up and take note of STARLUSDT's captivating movements, as it currently resides within a descending channel, signaling a potential ascent to challenge the higher resistance levels. 💎Recent analysis indicates its triumphant emergence from a descending channel, charting a path skyward. The primary anticipation is for the asset to target the supply zone at $0.00000550. If it breaks past this threshold, there's a strong inclination towards a surge to the resistance set at $0.00000794. 💎Conversely, should the asset falter in sustaining its momentum, a bullish revival as previously discussed remains probable. Yet, any descent below this point could redirect its course to a downward trend. 💎Refine your trading decisions for STARLINK with ParadiseFamilyVIP. Delve into expert insights on STARL and other potential coins, optimizing your crypto approach.
SLong
by MyCryptoParadise_Simon
2
Bitcoin: Thoughts and Analysis Today's focus: Bitcoin Pattern – Ascending Triangle Pattern Support – 33,780 Resistance – 34,717 - 35,480 Hi, and thanks for checking out today's update. Today, we are looking at the Bitcoin on the daily chart. Today's focus mainly focuses on the ascending triangle pattern we are seeing in the current up-leg. Could this set up a new breakout that retests the channel top and last week's high? We have laid out a few scenarios we are watching this week from price in its current pattern. The two main thoughts are a new push higher. Or a pattern fail and a new push lower. Overall, we are remaining bullish due to last week's firm leg higher. If selling does develop, we will look for new higher lows to set up new continuations higher in the longer-term up leg. Good trading.
EIGHTCAP:BTCUSD
by Eightcap
EOS: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge pattern, above $0.60 resistance, could signal bullish trend reversal, with upside to $0.80 thereafter. 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-Term basis and Downtrend on Medium- and 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 $0.50. The nearest Resistance Zone is $0.60, which it broke, then $0.80, and $1.00.
Long
by altFINS
1
RNDR: Overbought at ResistanceTrade setup : Trends have reversed to Uptrend. Price bounced up off of support at $1.30 and broke back above $1.70 resistance and above 200-day MA (~$1.78) to signal resumption of Uptrend. However, price is now very overbought (RSI > 80!) just as it approaches $2.50 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 $1.70 (previous resistance), then $1.30. The nearest Resistance Zone is $2.50, then $2.90.
RLong
by altFINS
BTC: Overbought at ResistanceBitcoin (BTC) technical analysis: Trade setup : Trends have reversed to Uptrend and price has surpassed our target of $32K. Now, price is getting very overbought (RSI > 80!) near $35K resistance and we could see some profit taking near-term, which is the reason for our Neutral rating. We’re looking for a pullback for another swing entry opportunity. Where could the price pull back to? Nearest Fibonacci retracement levels are BER:33K (23.6%) and $32K (38.80%). Previously, 1) price broke through the down trendline (blue line in chart), 2) broke above $28K resistance where it got rejected 2x, and 3) broke above 200-day moving average, and most recently 4) broke above $32K resistance. 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 $32K (previous resistance), then $30K. The nearest Resistance Zone is $35K.
Long
by altFINS
MINA/USDT Ready for an Explosive Journey? MINA Analysis Today 💎Yello, Paradisers! focus on MINAUSDT! Its trajectory within the descending channel is nothing short of intriguing in the 1H timeframe. With evident buying momentum, it's poised for a potential upward swing. 💎In the last couple of days, Mina has been navigating this descending channel. After a recent touchpoint with the channel's lower boundary, it's reigniting its bullish momentum. There is a high probability that it will climb toward the projected resistance and supply zone. 💎Yet, caution is key. If MINA slips below the demand zone, it's highly probable it will retreat to the support for another evaluation. 💎Hone your trading decisions for MINA with ParadiseFamilyVIP. Delve into our expert analyses on MINA and other potential tokens, refining your crypto approach.
Long
by MyCryptoParadise_Simon
MBOX/USDT Likely to Go a Bull Ride? MBOX Analysis 💎 Yello, Paradisers! shift your focus to MBOXUSDT. It's currently charting a path within a trading channel, suggesting a potential bullish swing. 💎 For quite some time, MBOX has been maneuvering within this descending channel. The current dynamics hint at a possible ascent towards the Bearish OB and the overhead supply zone. 💎 As it stands in the demand zone, a breach past the .2655 threshold could bolster the bullish trend. While beginners might contemplate shorting around this level, it's wise to adopt a panoramic view. 💎 Conversely, if MBOX dips below the .2400 demand mark, it might be gearing up to touch a sturdier support zone. As always, keep a keen eye and plan your moves with foresight. 💎 Refine your trading insights for MOBOX with ParadiseFamilyVIP. Dive deeper into our expert perspectives on MBOX and other promising tokens, enhancing your crypto strategy.
Long
by MyCryptoParadise_Simon
DOGE: Overbought at ResistanceDogeCoin (DOGE) technical analysis: Trade setup : Trends are mixed but improving. On the positive note, price has regained the $0.06 key level and rallied to $0.07 resistance area, which is also a 200-day moving average. Near-term, is very overbought (RSI > 75), so we could see some profit taking. Price really needs to break and stay above 200-day moving average ($0.07) to confirm an Uptrend. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and 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 $0.070, which it broke, then $0.100.
Long
by altFINS