SHIB: Pullback in UptrendShiba Inu (SHIB) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010.
Trend : Downtrend on Short-Term basis and Neutral on Medium- and Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
Cryptoanalysis
MKR: Pullback in UptrendMaker (MKR) technical analysis:
Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High ( sign of Uptrend ). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800, and $600 – $700. The nearest Resistance Zone is $1,350.
ATOM Ready for Upward Movement? | Cosmos Analysis Today💎Attention, Paradisers! ATOM is on the move, currently navigating within a flawless descending triangle and setting the stage for a potential bullish upswing.
💎Just days ago, ATOM adeptly engaged with the bearish Order Block (OB), established equal highs and embarked on a bearish journey to address the Bullish OB and capture buying liquidity.
💎If the price successfully breaks through the upper boundary of the triangle, it's poised to engage with the overhead supply zone. However, let's not overlook the elephant in the room—market uncertainty, which could sway the price in either direction.
💎We're bullish on the prospect of the price retesting the supply zone, thanks to lingering liquidity.
💎Keep your charts refreshed and stay tuned for more updates. Happy trading!
LINA/USDT is Getting Ready for an Upward Movement Yello Paradisers, let's zoom in on LINA/USDT!
💎Currently nestled in a Demand Zone, the existing demand is a strong indicator of a potential bullish wave on the horizon.
💎Just a few days ago, LINA/USDT skillfully captured liquidity, acknowledged the bullish Order Block, and set the course for a bearish path. As the price nears a pivotal support level, we're on high alert for a bullish breakout from the existing trend line.
💎Looking back at historical price movements, we observed a transition from demand to supply, causing a market imbalance that led to a downward shift, particularly before the Order Block was tackled. With a clear-cut supply zone and overhead liquidity, it's highly likely we'll see the price engage at this level in the near future.
💎Keep your eyes glued to MyCryptoParadise for more in-depth insights and updates. Happy trading!
TRX: Pullback in UptrendTRON (TRX) technical analysis:
Trade setup : Following a bearish breakout from Channel Up pattern and below $0.08 support, price pulled back near $0.073 support, which could be an attractive swing entry, with upside to $0.08-$0.086.
Trend : Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.073, then $0.065. The nearest Resistance Zone is $0.080 (previous support), then $0.086.
ENS Preparing for a Bull Run? | ENS/USDT Analysis💎Yello Paradisers, let's unpack ENS/USDT for a moment. Right now, it's navigating a downward channel, but we're keeping our eyes peeled for an imminent breakout.
💎If this breakout materializes, we can expect a dynamic price surge, just as we've projected.
💎Worth noting are the dual confirmed Order Blocks on the shorter timeframe. Given the liquidity in these zones, the price is likely to gravitate towards them.
💎Remember that a previous demand zone flipped into a supply area, leading to a notable price decline and aiming for the earlier Order Block. However, market uncertainty is a huge factor in this projection.
💎More updates are on the way, so stay tuned and make the most of your trading journey!
SUI/USDT is Gearing Up For Rally Amidst Chaos| SUI/USDT 💎Ladies and Gentlemen of ParadiseClub, buckle up! SUI/USDT is weaving an enthralling tale, strategically positioned near a bullish Order Block and geared up for an upward climb.
💎In the face of current market volatility, SUI/USDT has stood its ground impressively. It's worth noting that the asset has flipped the script on a bearish Order Block, transforming a former supply zone into a fresh demand area—a bullish indicator that demands attention.
💎Adding a twist to the plot, SUI/USDT has revisited the same Order Block level not just once, but twice. Each time, it honored the supply zone, setting off a downward course. This adds an extra layer of nuance to its already complex price dynamics.
💎Looking forward, an untouched supply zone is on the horizon. Keep an eye out for SUI targeting this zone for mitigation in the near term.
💎As always, Paradisers, stay vigilant and keep those charts updated. The world of crypto never sleeps, and neither should your trading strategies. Happy trading!
Bitcoin Longs Liquidated Again Today, What to Expect Next? Yello, Paradisers! Let's get into what's cooking in the Bitcoin world.
💎In the short-term view, Bitcoin is going through a turbulent phase. A significant number of long positions have been liquidated in the last 24 hours.
💎But This period of accumulation is crucial for Bitcoin's future growth. Why? Because when you see longs getting wiped out, it often signals an incoming wave of purchases from the big whales.
💎Zooming into the 2-hour time frame, the ATR resistance is currently under the spotlight. A successful breach above this level might pave the way for Bitcoin's next upward journey, potentially debunking the 'dead cat bounce' theory.
💎Keep your eyes on this ATR resistance level in the 2-hour chart. As we are always on the whale watch, we're monitoring this level closely.
Stay tuned for more updates, and may your trades be ever in your favor!
HBAR/USDT Continue to Bullish Movement ?? Hedera HashHello Paradisers, One to Keep on Your Radar!
💎 HBAR continues to exhibit an upward trajectory, maintaining its position above the bullish trendline, which is a positive indicator.
💎Currently, HBAR is undergoing a retest in the demand zone, with the likelihood of resuming its ascent to challenge the resistance of the triangle pattern. Given the current market conditions, there's a good chance HBAR could break through this pattern to establish a new higher high.
💎The bullish outlook would be invalidated if HBAR closes below the resistance trendline and the green line.
CRV: Falling WedgeTrade setup : Price has now broken below $0.50 support, which is where price previously found support in Nov and Dec 2022. It is oversold (RSI ~ 25) but overall trend is down so we prefer to wait for a breakout from Falling Wedge pattern, which would signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.50, which it broke, then $0.40. The nearest Resistance Zone is $0.75 (previous support), then $1.00, and $1.25.
SHIB/USDT is Ready For a Potential Rally | Shiba Inu Analysis 💎Hello Ladies & Gentleman of ParadisersClub, SHIB/USDT is currently on an intriguing path, steering towards a likely upward swing.
💎In our previous analyses, we saw how demand morphed into supply, causing a significant dip in price. As of now, a 4-hour chart reveals an order block, indicating that the price could soon reach this demand zone and ignite a bullish wave.
💎Diving deeper, Shiba Inu experienced a 36% correction after plummeting from its peak on August 12th, even dipping below the 0.618 Fibonacci retracement level.
💎What's captivating is the candle on August 17th, which closed above this Fibonacci level, and the subsequent Doji candle on August 22nd. This Doji, with its long lower wick and green close, reversed before even touching the 0.618 support.
💎This pattern suggests that while bears attempted to drive the price down, the bulls swooped in, buying up assets and potentially setting the stage for a bullish run.
💎Stay alert and adaptable, Paradisers. Keep your eyes peeled for more updates and happy trading!
DOGE: Support BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached $0.085 for a 30% gain. Now it’s pulled back below 200-day moving average ($0.08) and below $0.07 support, which puts the Uptrend at risk. We wait for price to either 1) regain those key levels to confirm Uptrend, or 2) pull back to $0.053 support for a swing entry.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.053. The nearest Resistance Zone is $0.070 (previous support), then $0.100.
ETH: Oversold at SupportEthereum (ETH) technical analysis:
Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. This puts the Uptrend at risk. Near-term, price is very oversold (RSI ~ 22). Hence, we’re likely to see a bounce up near-term. If it regains the 200-day MA, that could signal uptrend resumption.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $1,625, then $1,500. The nearest Resistance Zone is $1,800 (previous support), then $2,000 and $2,140.
OP/USDT Downward Momentum ??? Optimism Today AnalysisHello Paradisers, spotlight on this token!
💎 OP bounced after touching the Bullish OB zone and managed to close above the support trendline of its bearish flag.
💎There's potential for OP to rise, possibly to test the supply zone, before a subsequent decline. The anticipated downward movement might lead OP to revisit the previous wick area, which is closely aligned with a robust demand zone. This area could witness significant buying activity if OP reaches it.
💎For those considering short positions, the supply zones between 1.52 - 1.6 could be ideal, with a stop loss set above the recent high. It's worth noting that on 28th August, there's a token unlock event for OP. Historically, prices tend to rise leading up to such events, only to experience a drop on an actual day.
💎This makes it highly plausible for OP to touch the accumulation buy zone post-unlock.
SUI/USDT is Ready For a Potential Upward Movement💎Ladies and Gentlemen of ParadiseClub, SUI/USDT is poised for a captivating shift. At present, it's navigating towards the Demand Zone, hinting at a potential upward trajectory.
💎In our past observations, demand transitioned into supply, leading to a notable price descent. Presently, an order block is evident in the 4-hour chart, suggesting that the price might touch this demand zone and kickstart a bullish trend.
💎A noteworthy point is the price's pushback after securing liquidity at the OB. Yet, a word of caution: there's another OB beneath that the price might address before embarking on a bullish journey.
💎In the ever-evolving crypto realm, staying updated and agile is essential. Keep an eye out for further insights and happy trading, Paradisers!
SOL: Pullback in UptrendSolana (SOL) technical analysis:
Trade setup : After price broke back above $20 resistance and 200-day moving average. Then, price spiked up 50% into a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Pullbacks near $20-$22 support zone (also 200-day Moving Average) could be attractive swing entries in Uptrend.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on 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 $20 (previous resistance), then $15. The nearest Resistance Zone is $25 – $30, then $38.
SUI/USDT Bullish Divergence on Daily Chart , Bullish Momentum ?? Hello Paradisers, spotlight on this token!
💎SUI is showcasing intriguing price actions, having recently swept a liquidity zone, hinting at a potential surge towards the nearby supply at the 0.57 mark. For a confirmed bullish trajectory, SUI needs to firmly establish itself above this level.
💎Adding to the bullish narrative is the Bullish Divergence observed on the Daily RSI. Such divergences in larger timeframes often indicate substantial accumulation, suggesting a potential robust upward push. The next target could be the resistance trendline where another supply zone awaits.
💎However, this bullish outlook might be negated if SUI breaches the previous low.
IMX/USDT is Showing Bullish Momentum | Immutable Analysis💎 IMX/USDT is currently navigating a descending channel, with a potential breakout on the horizon.
💎 If this breakout happens, it's poised to catalyze a projected impulsive surge.
💎 Notably, there's a confirmed order block in the shorter timeframe. Due to existing liquidity, the price is anticipated to gravitate toward these levels.
💎 In a previous phase, demand transitioned to supply, leading to a marked price decline and aiming for the prior OB.
💎 In the ever-fluctuating crypto landscape, being updated and flexible is essential. Keep a lookout for further insights and savor your trading voyage.
XLM: Pullback in UptrendStellar (XLM) technical analysis:
Trade setup : Following a breakout from a Falling Wedge pattern, price spiked up to $0.19 where it got very overbought (RSI > 75) and traders took profits (selling pressure). Now it’s pulled back to support of $0.12 and is oversold (RSI ~ 30), which could be a swing entry level.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on 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 $0.130, which it broke, then $0.120, and $0.100. The nearest Resistance Zone is $0.190.
OXT Might be Preparing For a Possible Correction| 💎 OXT/USDT seems poised for a potential pullback, with indicators pointing towards diminishing strength and a likely descent.
💎 The first engagement with the OB will be pivotal. Should a rejection manifest, it could indicate a liquidity drain, suggesting a shift to tackle the Bullish Order Block and a possible bearish progression.
💎 Conversely, the price might find resilience at the prior order block, steering its trajectory northward.
💎 In the ever-evolving crypto realm, knowledge and adaptability remain paramount. Keep an ear to the ground for further insights and relish your trading voyage.
BCH/USDT Potential Rejection And Continue Upward Movement Hello Paradisers, turn your attention to this token!
💎 BCH, also following BTC's sharp decline to $24k, has breached its demand zone.
💎Currently, BCH might rise to form a new leg before either continuing its descent or heading straight to the Bullish Order Block or untouched demand zone.
💎Typically, a fresh demand zone witnesses a strong bounce-back, given that it remains untapped. Such areas often house a significant number of buyers and accumulation activities.
LINK/USDT Potential Bounce Back and Upward Movement 💎 Hello Paradisers, spotlight on this token!
💎LINK Dump Hard following BTC's descent to $24k. There's potential for a price rebound, forming a new leg, before it continues its downward trajectory towards the Bullish Order Block.
💎This Bullish OB, representing a robust demand zone, is an optimal point to consider acquiring Chainlink.
💎There's a high probability of a significant price bounce in this area, setting LINK on an upward path targeting the major supply zone. Given LINK's strong fundamentals in the crypto space, it's a worthy hold for the long haul.
BCH - What is next for Bitcoin Cash?Hi Everyone,
BCH is now coming back down to close the imbalance that had been left once it broke swing highs last year.
There is an order block sitting around 140, which should be the area to watch out for your buy limit orders.
I expect price to continue falling to that area and I will start opening buy positions once we see confirmations that the Order Block will hold.
Stop loss should be placed below the daily swing low, as the market could still drop further to the lower order block around 120.