MATIC is Ready For an Explosive Bullish Move 🚀| MATIC Analysis💎 Paradisers, stay alert! MATIC/USDT is currently traversing a demand zone, and we are holding a positive outlook for a potential upward journey.
💎 In the past few days, its movement has been restricted to a specific range. It previously faced resistance at the bearish order block, close to the $0.52 level.
💎 Given its ongoing upward momentum, MATIC appears ready to challenge this level once more.
💎 Keep a close eye on the supply zone and the bearish order block discerned on longer time frames; these are probable targets in the short term for Polygon.
💎 However, if the MATIC falls below the demand zone and vital support, be ready for a potential downward shift.
💎 Stay vigilant and keep an ear out for more insights! 🌴
Cryptoanalysis
BCH/USDT Likely Ready For Bullish Rally?🚀BCH Analysis💎Paradisers, focus on BCHUSDT! Its current trajectory within the demand zone is nothing short of compelling. With evident buying momentum, it's poised for a potential bullish surge.
💎Historically, BitcoinCash has navigated within a descending channel. After its recent encounter with the channel's lower boundary, it's reigniting its bullish momentum. We're optimistic about its chances to rise towards the projected resistance.
💎Yet, caution remains essential. If BCH slips below the demand zone, it's highly probable it will retreat to the support for further assessment.
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LTC: Sideways ChannelLitecoin (LTC) technical analysis:
Trade setup: Following a bearish breakout from a Channel Down pattern, price is consolidating in a Sideways Channel ($60-$70) although overall trend is down. Swing Traders: can trade the channel (Enter near $60 support and Exit near $70 resistance).
Pattern: Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $60, then $50. The nearest Resistance Zone is $70, then $75.
BAND/USDT Ready for a Potential Correction? BAND Analysis💎Paradisers, set your sights on BNADUSDT! It's currently positioned within a strategic trading zone, hinting at a potential adjustment due to the looming supply zone.
💎In recent times, BandProtocol has been maneuvering through a defined trading channel. There is a high probability that it might be gearing up for a potential correction.
💎Importantly, it has consistently encountered significant resistance at 1.541, facing pushbacks from this level on multiple instances.
💎Yet, there's an additional supply zone marked by an untouched OB. If BAND maintains its bullish trajectory, it's plausible it might approach this supply zone.
💎Hone your trading decisions for BAND with ParadiseFamilyVIP. Delve deeper into our expert analyses on BAND and other potential tokens, refining your crypto approach.
ADAUSD: Thoughts and AnalysisToday's focus: ADAUSD
Pattern – Breakout/Support test (Bearish)
Support – .2375
Resistance – .2490 - .2640
Hi, and thanks for checking out today's update. Today, we are looking at the ADAUSD on the daily chart.
ADA is a market I watch regularly, and currently, we are seeing a few interesting things, pattern and support-wise, that we have broken down in today's video. The two keys, long-term support, seen at .2375 and an ending diagonal pattern that continues to remain in play.
I have discussed three main cases in today's analysis of ADA; two are bullish, and the third is a bearish continuation of the long-term trend. It will be interesting if we see a lower break over the next few days, as that will play into a case as long as it holds at the ending diagonal trendline.
What do you think? Do you agree with the patterns and levels we have discussed?
BONE/USDT Likely to Go on a Bull Rally | BONE Analysis💎Yello, Paradisers! gear up as we've identified a golden opportunity with BONEUSDT, primed for a potential bullish ascent after touching its robust support.
💎From our previous analyses, BONE has been charting its course within a descending channel. Notably, it's currently retesting the channel's support, which has previously acted as a foundation.
💎At this juncture, there is a high probability that BONEUSDT may initiate a bullish move from the steadfast support level at .6549. This sentiment is further reinforced by the untouched supply zones above, suggesting a likely ascent to these regions in the near term.
💎Conversely, if the price dips below the $0.6549 support, there's a slight chance it might persist within the descending channel.
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KLAY/USDT Ready For Promising Bull Run? KLAY Analysis Today🚀 💎Paradisers, prepare for a promising venture with KLAYUSDT! Our analysis indicates a fresh breakout from its descending channel, signaling a potential bullish turn.
💎In recent sessions, Klaytn has been navigating this constricting descending channel, anchored by significant support at $0.1140.
💎The present trajectory hints at a potential revisit to this support threshold before setting its sights upwards. A successful navigation beyond this pattern would bolster the bullish stance.
💎On the other hand, if the support doesn't hold its ground, brace for a marked bearish trend. In this event, consider positioning for a short after a retest.
💎Sharpen your entry and exit strategies for KLAY with ParadiseFamilyVIP. Dive into seasoned insights on KLAY and other promising tokens to elevate your trading approach.
SHIB: Support BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Ascending Triangle, price reached $0.0000115, which was target for the breakout. Subsequently, price pulled back and broke below $0.000008 support, which is where the prior bullish breakout occurred. This opens up downside risk back to $0.0000055.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.0000070, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000080 (previous support), then $0.0000100, and $0.00001200.
SXP/USDT Poised for Bullish Journey | SXP Analysis Today💎Paradisers, focus on SXPUSDT! We've noticed its unwavering stance, firmly anchored at a key support level, and primed for a potential upward swing.
💎In the past, SXP has been operating under a distinct descending trendline, which has repeatedly acted as a significant barrier. Yet, a recent momentum shift saw it breaking away from this confining trendline.
💎As it currently retests its support, we're optimistic about its prospects to challenge the 0.3669 resistance once again. If it breaches this mark, the gateway to an elevated resistance zone opens up.
💎Conversely, if SXP undercuts the support, a continued bearish trajectory might be on the horizon.
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BCH: Approaching SupportBitcoin Cash (BCH) technical analysis:
Trade setup : Following a bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, price reached our target of $250 resistance for a 25% gain. Now we wait for price to either 1) break and close above that $250 level to signal resumption of uptrend with upside to $330, or 2) pullback to $200 support for another swing entry in uptrend.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
TWT: Approaching ResistanceTrade setup : Resistance at $1.00 remains a roadblock for TWT. It got rejected there 3x (bearish Head and Shoulders pattern) in August and it appears to have gotten rejected at $1.00 again now. Nevertheless, trends are improving after price rallied from $0.70 support on big volumes. We wait for price to definitively break and close above 200-day moving average and $1.00 resistance area to resume an Uptrend.
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 $0.82 (previous resistance), then $0.70. The nearest Resistance Zone is $1.00, then $1.25.
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bearish breakout from Descending Triangle pattern, in the direction of existing downtrend opens up downside risk to $0.053 next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.060, which it broke, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
MKR: Pullback in UptrendMaker (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. Price broke above $1,350 resistance, where it got rejected in August, which signals continuation of Uptrend. Now it’s pulled back to that $1,350 level, which could be an attractive swing entry in Uptrend. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it.
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 ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1,350 (previous resistance), then $1,000 – $1,100. The nearest Resistance Zone is $1,600.
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bearish breakout from Descending Triangle pattern, in the direction of existing downtrend opens up downside risk to $0.053 next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.060, which it broke, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
STORJ/USDT Ready for Potential Correction? STORJ Analysis Today💎Paradisers, focus on STORJUSDT! It's currently moving within an ascending channel, hinting at a possible correction due to the overhead supply zone.
💎In recent times, Storj has been consistently following this ascending trajectory. However, a correction seems imminent. It's worth noting that STORJ will firmly anchor to a significant support level at 0.4282.
💎Below this, there's a clear demand zone accompanied by a Bullish OB. If STORJ dips below the support, it's likely to approach the demand zone highlighted on the chart.
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BTC: Approaching ResistanceBitcoin (BTC) technical analysis:
Trade setup : Trends are mixed. Price bounced off of FWB:25K support and reached $28K resistance, which is also 200-day moving average. We wait for price to either 1) break above that resistance ($28K), which could signal uptrend resumption, with upside to $30K, or 2) pull back near FWB:25K support for another swing entry.
Trend : Uptrend on Short-Term basis, Neutral on 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 FWB:25K , then $21.5K. The nearest Resistance Zone is $28K, then $30K, and $32K.
SYS/USDT Gearing Up for Potential Bullish Journey? SYS Analysis💎Yello, Paradisers! set your sights on SYSUSDT! The coin is currently navigating a descending channel, hinting at a potential upward swing.
💎A detailed look reveals that SYS has recently made contact with the channel's pivotal support. If the price manages to climb above the 0.1007 mark, we could be looking at a bullish surge targeting loftier zones.
💎Conversely, if the price dips below the demand zone, it might be drawn towards the foundational support. As always, approach your trades with prudence and strategic planning.
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DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bullish breakout from Descending Triangle pattern. Price is retesting that breakout level now and if successful, it could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
BTC: Approaching ResistanceBitcoin (BTC) technical analysis:
Trade setup : Trends are mixed. Price bounced off of FWB:25K support and reached $28K resistance, which is also 200-day moving average. We wait for price to either 1) break above that resistance ($28K), which could signal uptrend resumption, with upside to $30K, or 2) pull back near FWB:25K support for another swing entry.
Trend : Uptrend on Short-Term basis, Neutral on 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 FWB:25K , then $21.5K. The nearest Resistance Zone is $28K, then $30K, and $32K.
TWT: Resistance BreakoutTrade setup : After getting rejected 3x (bearish Head and Shoulders pattern) near $1.00 resistance, price pulled back as low as $0.70 support. Now it’s broken back above $0.82 resistance, with huge volumes. However, it needs to break above 200-day moving average and $1.00 resistance area to resume 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 $0.70. The nearest Resistance Zone is $0.82, which it broke, then $1.00.
TOMO/USDT Ready For a Potential Correction? TomoChain Analysis💎Yello, Paradisers! turn your attention to TOMOUSDT. We've identified it securely positioned within a trading zone, hinting at a possible correction due to the above looming supply zone.
💎In recent times, TomoChain has been tracing a trading range, yet it seems poised for a reversal. If it breaks free from this channel, a bullish momentum could be on the horizon.
💎Impressively, TOMO has consistently recognized and respected the crucial $1.30 support, reaffirming its significance on multiple occasions.
💎Above, a clear supply zone awaits, accompanied by an untouched OB. If TOMO continues to honor the $1.30 support, it might set its sights on this supply region.
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DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bullish breakout from Descending Triangle pattern. Price is retesting that breakout level now and if successful, it could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
OGNUSDT Analysis: What's Next For Original Protocol? 👀 💎OGNUSDT is currently anchored within a demand zone, signaling possible upcoming trajectories.
💎Looking back, OGNUSDT experienced a trendline break, steering it downward. Yet, its resistance at the supply zone coupled with the establishment of an equal low has set the stage for a potential bearish turn.
💎Now, as it finds its footing in the demand zone, a sustained momentum could propel OGNUSDT toward the looming resistance. Conversely, if it slips through this zone, it might find a foundation and embark on a bullish journey from the rising trendline.
💎A pivotal element to monitor is the Bullish OB line, which has consistently offered support. If Origin Protocol dips below this line, a decline to the marked region might be on the horizon.
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