🔥 GRT Double Bounce: Back To All Time Highs?In this signal I'm going to combine two important reversals:
- The daily RSI on GRT has hit oversold for the first time since September 2023. Daily oversold RSI's are amazing buying opportunities during bull-markets.
- The price retested the bear-market highs of ~0.23 from back in January 2023 as support.
This might be the final bearish move in the next few months, hence the target at the current ATH. Be aware this is a long-term trade and might take months to play out.
Usdt
Bitcoin PutThe last two times SWB:69K -$62k supply zone proved hard to break through and the rally reversed.
This time seems no different as the price got rejected 3 times and is now completing a small retest of local zone of resistance at $66k. Should the price get rejected at this resistance, Im expecting a freefall to the next support area at GETTEX:52K
#USDTD 's bounce?#tether dominance chart is now on the ichimoku cloud support. Breaking this support will move #usdt dom. to lower orange box (Retest zone).This move will be good for #bitcoin #eth #sol #bnb #doge and all #altcoins .
If #usdtdom bounces here and continues rally, #btc and all #altcoins will suffer. Not financial advice.
PEPEUSDTPEPEUSDT was trading under the declining trendline. The price was reacting well the support and resistance of trendline
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 0.000009500.
What you guys think of this idea?
Binance Coin can start to decline to support line of triangleHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time traded near the resistance level, which coincided with the seller zone and later made an impulse up to 644 points, but at once turned around and made a strong impulse down to 500 points, thereby breaking 583 and 523 levels. After this, the price started to move up inside from an upward wedge, where it quickly rose to the resistance level, breaking the 523 support level and soon even breaking the resistance level too. After this, BNB rose to the resistance line, but at once turned around and fell to the support line of the wedge, breaking the 583 level one more time. Next, the price bounced from the support line, rose back to the resistance line of the wedge, and exited from this pattern, making a little movement up. Then BNB made a downward impulse in a triangle, after which the price broke the 583 level and declined to the buyer zone, but a not long time ago BNB turned around and in a short time rose to the resistance level, where at the moment continues to trades near. So, in my opinion, Binance Coin can rebound from the resistance line and start to decline to the support line of the triangle. For this case, I set my target at the 545 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can make little movement up and then start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price bounced from resistance area and made a little movement up, after which started to decline in falling channel.
In channel, BTC first fell below $69250 level, but soon backed up and later reached resistance line.
Soon, price turned around and made downward impulse to $61400 support level, thereby breaking $69250 level.
Next, BTC bounced from support level, which coincided with support area, and rose a little up but soon fell back.
Also, price made fake breakout of $61400 level, after which turned around and started to move up.
Now, I think that Bitcoin can reach resistance line of channel and then start to decline to $61400 level.
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ATAUSDT.4HThe 4-hour chart for Automata (ATA/USDT) suggests a volatile market with a sharp decline followed by a swift recovery. The price has rebounded from the low around $0.0782, rallying past the $0.1200 support level, which is now acting as immediate support (S1). The RSI has recovered to a neutral position at 55.08, indicating some balance between buyers and sellers after the recent price movement.
Currently, the price is at $0.1746. The first resistance level (R1) to watch is at $0.2322. A break and close above this level could signal further bullish momentum, potentially targeting previous highs around $0.2749. For traders looking to enter a long position, a reasonable strategy might be to wait for a retest of the $0.1200 level as new support or a clear break above $0.2322, setting a stop loss below S1.
On the flip side, if the price falls back below the support at $0.1200, it would suggest weakness and could lead to a test of the lower levels. It's important to keep an eye on the RSI for divergence that might indicate a weakening of the current trend.
FTMUSDT.1DThis daily chart for Fantom (FTM/USDT) presents a price that is attempting to recover from a previous downtrend. The price action has broken above a descending trendline, which could be an early indication of a change in trend. The Relative Strength Index (RSI) is near the midpoint at 45.08, suggesting that there is neither overbought nor oversold pressure at the moment.
The current price is $0.7455, and it's facing immediate resistance at the $1.0646 level (R2). If the price can sustain above the trendline and push past R2, it might confirm a trend reversal towards the bullish side. There's a notable support at $0.5275 (S2), and maintaining above this level is key for the bulls to hold control.
Traders might look for long positions with a break above R2, setting stop losses just below S2 to manage risk. Should the price fail to hold above the trendline or break below S2, it would signal caution and possibly a resumption of the bearish trend. Watching for increased volume on upward moves would further confirm the bullish momentum.
ICPUSDT.1DOn the daily chart for Internet Computer (ICP/USDT), the price action is showing signs of a potential trend reversal. After a period of decline, indicated by the descending trendline, there's a notable bullish candle that has broken through this trendline, which might suggest the beginning of an upward movement.
The price is currently at $15.566, with the next key resistance level at $17.734. If the price can sustain above the trendline and move past this resistance, it could indicate a stronger reversal and the beginning of an uptrend. The support level at $10.954 is critical; holding above it is important for the bullish case.
For traders considering a long position, entry near the breakout with a stop loss below the most recent swing low could be a strategy, aiming for targets at the resistance level and potentially higher if the trend continues. Conversely, a drop below the support level may signal a false breakout and a resumption of the bearish trend. As always, monitoring volume for confirmation and employing proper risk management is advisable.
OPUSDT.1DThe daily chart for Optimism (OP/USDT) illustrates a bearish trend with a series of lower highs and lower lows, which can be interpreted as a downtrend channel. The price is currently hovering near $2.467, with a clear support level at $1.635. The resistance level at $4.139 is crucial; a breakout above this level could signal a potential trend reversal. However, the current price action remains below this resistance, suggesting that the bearish sentiment is still dominant.
Traders might look for short positions as long as the price is below the resistance level, with potential targets near the support level. A break above the resistance could invalidate the bearish outlook and shift the strategy towards looking for buying opportunities. Risk management is key, and stop losses should be considered above the resistance level when taking short positions to protect against sudden bullish reversals.
FETUSDT.1DIn this daily chart for Fetch.ai (FET/USDT), we see a period of consolidation following a significant uptrend. The price has recently bounced off the support level at $1.3471, indicating a potential reversal or pause in the downward movement. The resistance level to watch is at $3.5084. If the price were to break through this resistance, it could signal a continuation of the bullish trend. Conversely, a break below the support could suggest a further decline. Volume seems stable, without significant spikes, which might indicate a lack of strong momentum for now. As a trader, I would consider waiting for a confirmed breakout above the resistance or breakdown below the support before entering a trade. Setting stop losses just below the support or above the resistance, depending on the trade direction, would be prudent to manage risk.
Telegram Set to Tokenize and Stickers Emojis on TON BlockchainTelegram has announced its intention to tokenize its emojis and stickers using the TON blockchain, a move that is expected to enhance user engagement and monetization opportunities. The move is part of a broader strategy to create an interactive and financially inclusive platform that allows users to develop applications, tools, and businesses within the Telegram ecosystem.
The tokenization of the user namespace on the TON blockchain has already generated $350 million in sales, and Telegram is now looking to expand this model with the tokenization of its digital assets. Users will be able to possess, trade, and monetize their digital stickers and emojis on the TON blockchain.
In addition to tokenization, Telegram plans to change its revenue model with content creators by introducing an Ad Network that will share ad revenue generated from advertisements on broadcast channels with the channel owners in the proportion of 50%. This approach makes Telegram one of the social media platforms with the most liberal revenue-sharing arrangements.
Telegram's adoption of TON's blockchain technology is expected to lead to radical changes in conducting digital advertising, allowing the bypass of in-app purchase systems through which major app stores exert control.
To further enhance its blockchain functionality, Telegram has integrated the Tether ( CRYPTOCAP:USDT ) stablecoin and launched a gold-pegged stablecoin, Tether Gold ( SEED_DONKEYDAN_MARKET_CAP:XAUT ), on the TON network. This integration will provide users and merchants with a more flexible way of transacting within the application.
Moreover, Telegram has expanded its payment options by integrating more than 40 payment providers, including Stripe, to diversify available payment methods and enhance the platform's ability to facilitate commerce. This expansion will provide a robust infrastructure for users to buy and sell goods and services globally.
In summary, Telegram's adoption of TON's blockchain technology and the tokenization of its digital assets are expected to create an interactive and financially inclusive platform that allows users to engage in commerce and content creation within the Telegram ecosystem. The integration of stablecoins and payment solutions will provide users with more flexible transaction options, further enhancing the platform's functionality.
Technical Outlook
Despite the recent development, The Open Network Token ( CRYPTOCAP:TON ) is trading below the 200, 100 & 50- Day Moving Averages respectively indicating the bears are on the verge of taking over. Further accentuating the bearish momentum is the Relative Strength Index (RSI) which seats at 43.
However, the daily candle stick indicates a "Hammerhead" pattern indicating continuation of the bullish trend in the short term.
🔥 MATIC On Bear Market Support: Big Reversal Coming?With BTC trading bearish over the last few weeks, alts have taken a big hit. MATIC is one of the alts who has practially lost all the gains over the last half year in a matter of weeks.
However, MATIC has found support on the main bear market support (purple). This signal is based on the idea that the support will hold and that both alts and BTC will reverse from extreme oversold conditions.
Stop below the recent low, target at the main bearmarket top.
Hidden Divergence to decline the price of USDT.DHello
As you see in the chart there is negative hidden divergence in USDT.D and everything is prepared for a dump in USDT.D which will cause a severe pump in crypto specially in the altcoins that have been straggled from market pumps
What do you think?
Ripple can make retest of support line and then continue growHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price traded in the seller zone, which coincided with the resistance level, after which rebounded and rose a little. But then XRP turned around and started to decline back to the seller zone, and when the price reached the seller zone, it entered to triangle, where Ripple made a downward impulse from the resistance line to the support line, breaking 0.5900 and 0.4735 levels. After this movement, XRP bounced from the support line and in a short time rose higher than the 0.4735 support level, breaking it again, after which it turned around and declined to this level. Price some time traded close to this level and later it declined to support line of the triangle, which coincided with the buyer zone and then made a strong impulse up, thereby breaking the 0.4735 support level and a not long time ago exiting from the triangle pattern. At the moment, in my opinion, Ripple can make a retest, after the breakout and then continue to move up. For this case, I set my target at the 0.5600 level. Please share this idea with your friends and click Boost 🚀
ETHEREUM - Price can break resistance line and continue to growHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it in a short time rose to resistance level, which coincided with resistance area.
Then price made little correction and soon backed up to resistance area, but later declined to bottom part of flat.
ETH made an upward impulse to resistance line, and soon turned around, after which made fake breakout of $3590 level.
After this, price in a short time declined to $2950 support level, which coincided with support area and started to trades near.
But recently ETH bounced up to resistance line and now I think price can little fall and then rise to $3300, breaking resistance line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Bitcoin can rebound up from trend line to $66000Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price reached a resistance level, which coincided with the resistance zone, but at once rebounded and made little correction. Later BTC turned around and in a short time rose to the trend line, thereby breaking the 69400 level, but soon price turned around and declined to the resistance zone. Price even fell below the 69400 level, but later it turned around and made impulse up higher than resistance level and trend line breaking them. But later Bitcoin made a strong impulse down, breaking the resistance level with the trend line one more time and declining to the support level, which coincided with the support zone. After this, the price tried to rise and even rose almost to the trend line, after which it turned around and made an impulse down again below the 61700 support level. Then price started to rise and in a short time rose to the trend line, breaking the support level again, and recently BTC broke the trend line too, but then started to decline. Now, I expect that BTC will decline to the trend line and then rebound up, therefore I set my target at 66000 points. If you like my analytics you may support me with your like/comment ❤️
(Weekly expected flow) Volatility period: Around April 22Hello traders!
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It appears that the fund flow in the coin market is maintaining an upward trend.
However, BTC dominance and USDT dominance are showing an increase.
The key question is whether BTC dominance can be resisted and decline in the 55.01-62.47 range and whether USDT dominance can be maintained below 4.95 or maintain a downward trend.
If that happens, the coin market is expected to see a major uptrend.
A major bull market refers to a bull market in which most coins (tokens) renew their new highs (ATH).
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(BTCUSDT 1M chart)
If it closes near the second section, it appears that a new HA-High indicator will be created.
If that happens, the key is whether there will be support near the newly created HA-High indicator.
(1W chart)
This drop shows that a new HA-High indicator is about to be created.
Accordingly, if a new HA-High indicator is created, the key is whether it can be supported and rise around it.
59053.55, the 64K point is the box-top point of the HA-High indicator on the 1M chart.
Therefore, if possible, it is important to be able to support and rise around 59053.55-64K.
If this is not the case and it falls below 56K, the selling force is expected to intensify.
I think the reason the current fluctuation range is greater than the section your finger is pointing at is because it is located in the section where the new high (ATH) was updated.
Therefore, if these sideways continue, it will eventually touch an important upward channel.
At this time, it seems likely that this year's trend will be determined by whether or not it can rise along an important upward channel.
Therefore, the movement starting from the week of April 29th through the week of July 29th is expected to be very significant.
In terms of the overall flow, the 42K-43K section is an important section.
However, if it falls below 53256.64, there is a high possibility that it will turn into a downward trend, so you need to think about a response plan.
(1D chart)
The key is whether it can receive support above the newly formed downward trend line and above 64K and rise above 70231.38.
However, if it falls along the newly created downward trend line, a new HA-Low indicator is expected to be created in the near future.
If a new HA-Low indicator is created, an important factor is whether it receives support around it.
The time to buy is when the BW indicator levels out and then rises, and when the StochRSI indicator rises from the oversold range and forms StochRSI > StochRSI EMA.
thus,
1. When the BW indicator is level and moves sideways,
2. When the StochRSI indicator rises from the oversold range and shows StochRSI > StochRSI EMA,
Buying when only one of the conditions 1 and 2 above are satisfied is an aggressive purchase and requires a quick response, so caution is required when trading.
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(BTCUSDT.P 1D chart)
I think it showed more fluctuations than the movement on the BTCUSDT chart.
As such, it is believed that the current market leadership is achieved through futures trading.
Therefore, you need a trading strategy to maintain the number of coins (tokens) you own.
Since the rebound is more than 8%, it is likely that forced liquidation will occur in both directions, so it is considered an awkward position to start trading.
Therefore, as mentioned earlier on the BTCUSDT 1D chart, I think it is necessary to check the movement of the BW indicator and StochRSI indicator and the movement at the support and resistance points drawn on the chart.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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BNBUSDT - After exiting from pennant, price can continue riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it once bounced from support level and rose to $611 resistance level.
But soon, price turned around and declined back to $550 level, which coincided with support area.
After this, BNB in a short time rose to resistance level again and even made fake breakout, after which made downward impulse.
Price exited from flat and started to trades in pennant, where it declined lower 550 level, but soon backed up.
Also recently, BNB exited from pennant and now trades close to support level, so, I think price can fall to this level.
Then Binance Coin can bounce from support level and start to move up to $585
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HelenP. I Ripple can correct to support level and then bounce upHi folks today I'm prepared for you Ripple analytics. A few moments ago price started to decline in a downward channel, where it at once rebounded from the resistance line and in a short time declined to the trend line, which is the support line of the channel too, thereby breaking the 0.6435 resistance level. But later, the price turned around and rose to a resistance zone, after which it rebounded and some time traded below. Then XRP rose to the resistance level again, but at once turned around and in a short time declined to the trend line, which coincided with the support level and zone. Price even made a fake breakout of a downward channel, after which it soon backed up and continued to trades near the 0.4800 support level. Now, I expect that Ripple will make a correction to the support level and then start to move up. For this reason, I set my target at 0.5425 points. If you like my analytics you may support me with your like/comment ❤️