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Andy: Your Go-To for Gains—The Momentum is Far from Finished!I needed to open a second idea since the current one has hit all its targets. This coin, in particular, has been fun to trade, but I’m anticipating a range to form within the mid-level retracement. If CRYPTOCAP:BTC retraces to 60k, I’ll be cautious about how low it might dip. Keep in mind, this one still has potential; we’re just capitalizing on the initial impulse for now. Once CRYPTOCAP:BTC breaks above the current level of 64k (if it does), things will become much more profitable. There’s still a temptation to short at these levels, as it has repeatedly failed to break above. For now, I remain bullish on the market, as most of my posts have been on the long side. However, if the market flips and 60k doesn’t hold, we may have to shift to the dark side and short until CRYPTOCAP:BTC reaches the first target at 44k. For now, we continue to bid on dips.
CRYPTO:ANDY2USDLong
by ZelfTrade
1
PSG/USDT Main trend. Wedge. 21 11 2023Logarithm. Time frame 1 week. 🔵 The main trend is a descending wedge , we are in the final phase of its formation. There has been no breakout (trend break) yet. It is quite possible we are in the minimum price zone of the trend. From a cyclical perspective, we are (the phase of hypothetical peak capitulation can be ignored). As a rule, such altcoins never repeat their highs for obvious reasons (if they do, it's a few out of hundreds, remember that). 📊 Adequate target (with 90% probability to be reached this mid-range of the long-term formation or slightly above). So a perfectly adequate target is +500%, primarily for those for whom trading is "none of their business". Buy and forget for a few months or half a year. To increase money in 5 times without absolute waste of time and news monitoring as for me for such good solutions. If people hustle in trading, they may not even get what the market “gives”. That's a fact. 📊 Profit can be significantly increased if trade every impulse after the breakdown of this downtrend . That is, the entire timeframe of the participation phase, which is the price movement of the entire year 2024 to the 2025 distribution zone (trend highs, reset phase). 💰 It is worth noting that the fattest earnings are always on trend reversals, i.e. on the breakout (breaking through it). ⚠️ The psychology of people's behavior is always the same: 1) Expensive - always buy eagerly , the next "promising"... 2) Cheap - waiting for it to get cheaper (e.g., now -94% off price highs). Never catch trend lows as well as highs. 3) Trend reversal and momentum +82% - hamster action is canceling "lower" orders and buying "to make time" already relatively expensive. This is how reversal impulses are prolonged. The lower the liquidity, the higher the slippage in % price expression. 4) Real hamsters , who are used to constant price declines, wait for cheapness even after a reversal. If it does occur on capitulation, the price often underperforms previous lows. They have zero reaction. Price even lower - capitulation of expectations. They are already then afraid to buy, even something below the expected price. They will probably similarly buy another similarly "promising" crypto coin in the distribution area, but with a different ticker name. The sansara of stupid money repeats itself . 5) 2024 participation phase - i.e. attracting traffic and connecting the crowd to the trend development. Increase in overall market capitalization. Revival of hope. 🔴 📉 The chart showed the range of the capitulation zone , meaning price is now and below the wedge formation (unlikely) in the event of some force majeure event that affects the entire market. You just need to always keep this in mind and plan for it in your mani management, even if you don't believe in it. 20-30% of USD entry or profit if you are a riskier client. Line chart . Simply a classic of technical analysis. Secondary trend and reversal zone of a long-term trend.
Long
by SpartaBTC
4
ETH - Two Levels to Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📔Here is a practical example on how to find your edge. According to our last educational post: Where is ETH now? It’s currently in the middle of nowhere, a no-trade zone, as we don’t have an edge. Here are the possible areas where we’d be interested in trading: 1️⃣ $2000 is a round number that intersects with a structure and trendline, making it an attractive zone to consider medium-term longs. 2️⃣ $2900 represents the previous major high and structure that the bulls need to break above to take full control. Until then, we wait!⏱️ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
SEI 1H Breakout??Potential breakout play on SEI, having broken above the diagonal trendline resistance. Now retesting this trendline as new support after making new higher low and higher high on the 1H timeframe. Price is currently in the middle of 2 draws to the downside and 2 to the upside. This does make the breakout less certain, the bullish OB that lays under current price would have better R:R without breaking the new bullish trend. Clear resistance is shown around the triple top pattern/ Daily resistance. As the general HTF structure is still a choppy one, these areas of resistance shouldn't be taken lightly as there is no real momentum to break those levels easily.
by ProR35
#UNFIUSDT 1D (ByBit) Descending channel breakout & retestUnifi Protocol regained 50MA support and looks strong, mid-term recovery towards 200MA resistance seems in play, probably after a pull-back. ⚡️⚡️ #UNFI/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.5% Current Price: 3.1685 Entry Zone: 3.0450 - 2.7630 Take-Profit Targets: 1) 3.5395 1) 4.0175 1) 4.4960 Stop Targets: 1) 2.3725 Published By: @Zblaba NYSE:UNFI BYBIT:UNFIUSDT.P #1D #UnifiProtocol #DAO #DeFi unifiprotocol.com Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +43.8% | +76.7% | +109.6% Possible Loss= -36.6% Estimated Gaintime= 1-2 months
ULong
by TradingOn
BTC - Daily, a Pullback before the bullish rallyI’m bullish on BINANCE:BTCUSDT for the higher timeframes and expect a new all-time high (ATH) by late 2024 or early 2025. However, in the short term, my strategy signals a potential pullback. I’ll take a short at the $66K zone and look to add to my crypto assets if the price drops to the $60K zone again, just like in my previous trades. This could be a great scalp opportunity while still preparing for the longer-term rally.
Short
by Sober_Trading
1
ETH breakout??Ethereum has generally been falling behind this Bullrun with some disappointing PA. Currently RTH finds itself able to prove some LTF strength with a breakout play on the 15m timeframe. After trending to the downside over the weekend ETH has hit a bullish OB and reacted well off that level that coincided with the bottom of the channel. Price has now broken out to the upside, retraced to test that level as new support and it's here where R;R is strong should ETH show some strength and push upward. Some points of confluence would be the 200ema now trending up and is at the same support level as the trendline, I'd like to see good support here. Easy invalidation would be a break in structure at the local low, along with a loss of the 200ema & trendline support. BTC's behaviour also a factor in this move too as it always is when HTF chop occurs.
by ProR35
Toncoin Resumes Its Bullish TrendToncoin with ticker TONUSD made a bigger decline recently after Telegram CEO Pavel Durov was Arrested in France. However, they were most likely just spreading the fear like back in 2022 when FTX's Sam Bankman-Fried was arrested as well, but Crypto market found the low back then and turned bullish. So, don't get scared at this stage, as TONUSD may have just finished a deeper A-B-C correction in wave (4) from where we can expect a bullish resumption for wave (5) of 3. It's actually nicely bouncing from projected support area for wave (4), so wave (5) can be now in progress, especially if jumps back above channel resistance line and 7.3 bullish confirmation level. If that will be the case, then wave (5) has space towards 12-14 target area. In Elliott wave theory, every impulse should be finished by a five-wave cycle.
CRYPTO:TONUSDLong
by ew-forecast
Rune: Rolling or Rune dIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bullish Scenario: Price Holds Above $4.945: If the price holds above this interim high and continues to follow the Elliott Wave structure, it may head toward the next Fibonacci extension target of $6.50 and beyond. Bearish Scenario: Price Breaks Below $4.945: If the price drops below the $4.945 support level, it would indicate a deeper correction or possible invalidation of the current bullish count. Invalidation Below $4.565: If the price falls below $4.565, the current bullish wave count would be invalid. In conclusion: Bullish if price holds above $4.945, targeting $6.50 and higher. Bearish if price drops below $4.565, indicating further downside potential. Trade Safe. Trade Clarity.
Long
by CryptoKnee
Ethereum : ETH still BULLISH - Here's WhyFrom a macro analysis, ETH is very clearly in a bullish season. Apart from the obvious (following Bitcoin) there are a few other factors from which we can deduce that ETH is gearing up for another impulse wave UP. 👉 Higher lows 👉 Diagonal trendline acts as macro timeframe support 👉 Currently Three-White-Soldiers in the weekly - Bullish candlestick pattern From a technical indicator perspective, we can see a healthy bounce on the lower white trendline. We can expect the rally AFTER the price reclaims the now upper red trendline (at which point it will turn GREEN). The price is about to reclaim the 50d Moving Averages which, in the weekly timeframe, signals a bullish move: ________________________ BINANCE:ETHUSDT
Long
by CryptoCheck-
Ethereum on the Rise, Poised for a Bullish BreakoutBINANCE:ETHUSDT has been showing strong recovery patterns recently, and the technical indicators align with a potential bullish move in the coming months. On the weekly chart, COINBASE:ETHUSD has reached the bottom of an ascending channel, which historically has acted as a strong support zone. This $2K region is not only a psychological barrier but also a key support level that was previously a resistance. As ETH continues to hold above this zone, a rise toward its all-time high (ATH) becomes increasingly probable. Recent data suggests that 2024 could witness a broader crypto bull run, driven by Ethereum and other major assets. Analysts are optimistic about increased adoption cycles following 2023’s groundwork. Ethereum could benefit from market-wide positive sentiment as key events like Bitcoin’s upcoming halving and ETF inflows are expected to drive demand for cryptocurrencies. With the technical alignment and favorable market conditions, ETH is well-positioned to see significant growth, potentially targeting levels near EUROTLX:4K as it continues its rise within the ascending channel. This rally could be bolstered by investor confidence in the broader cryptocurrency market as new financial products and solutions drive further participation.
Long
by Sober_Trading
4
ALT layer USDT #ALT #Altlayer (Bearllionaire Status)Project description: ALT Layer is a scalable layer-2 network designed to provide customizable, high-performance, and application-specific rollups for decentralized applications (dApps) on Ethereum and other blockchains. Type of project: Layer 2 scalability solution with customizable rollups. Is it under a block?: Yes, ALT Layer operates as a Layer 2 protocol on Ethereum and other major blockchains, providing customizable rollups that offer scalability while leveraging the security of the base layer. Latest update or news: As of July 2024 while ignoring other irrelevant news, ALT Layer launched its Rollup-as-a-Service platform, enabling developers to deploy custom rollups in minutes, aimed at scaling dApps and reducing congestion on Ethereum. Narrative: Layer 2 scalability, Ethereum ecosystem, and modular blockchain infrastructure. Why is it a good investment? Institutional Backers and Angel Investors: Coinbase Ventures: Known for its investments in Layer 2 and scalability projects, Coinbase Ventures has backed ALT Layer due to its potential to alleviate Ethereum’s congestion and improve dApp performance. Binance Labs: Binance’s venture arm has invested in ALT Layer, recognizing the need for scalable Layer 2 solutions and the demand for customizable rollups within the DeFi and NFT spaces. Polychain Capital: Polychain Capital has supported ALT Layer to drive innovation in the Layer 2 sector, specifically focusing on reducing gas fees and improving transaction throughput for high-demand applications. Angel Investors: Vitalik Buterin (Co-founder of Ethereum) has expressed support for Layer 2 solutions, though there’s no direct investment in ALT Layer, his encouragement for rollups aligns with the project’s goals. Stani Kulechov (Founder of Aave) has shown interest in Layer 2 solutions that improve DeFi scalability, and while there is no confirmed investment, ALT Layer fits the criteria of projects he supports. Futuristic Use Case: Scalability for dApps: ALT Layer is designed to provide customizable rollups that can be optimized for specific decentralized applications (dApps), enabling developers to create high-performance environments that scale with their user base. This is crucial for DeFi, NFTs, gaming, and other sectors that require high throughput. Multi-chain integration: ALT Layer is not limited to Ethereum and can extend its rollup services to other blockchains, making it an ideal Layer 2 solution for projects that need scalability across multiple chains. Custom Rollup-as-a-Service: With the launch of its Rollup-as-a-Service platform, ALT Layer offers developers the ability to deploy tailor-made rollups that suit their specific application needs, giving it an edge over general-purpose Layer 2 networks. Enterprise adoption: Enterprises looking to adopt blockchain technology can use ALT Layer to develop private, scalable rollups that integrate with public blockchains like Ethereum. This opens up new use cases for enterprises in industries such as supply chain, finance, and gaming. Why will it make a significant amount of profits? Unique competitive edge: ALT Layer’s customizable rollups provide a tailored Layer 2 solution for decentralized applications, offering greater flexibility than general-purpose Layer 2s like Optimism or Arbitrum. This makes it especially appealing to developers who need more control over transaction throughput and cost-efficiency. Rollup-as-a-Service model: By offering Rollup-as-a-Service, ALT Layer creates a sustainable revenue stream, as developers and enterprises will need to pay fees to deploy and maintain their custom rollups. As demand for scalable blockchain applications grows, this service will attract significant usage and increase demand for NASDAQ:ALT tokens. Scalable ecosystem growth: ALT Layer’s ability to integrate with multiple blockchains gives it a wide market, positioning it to capture a significant share of the Layer 2 scaling space as more chains adopt rollups for scalability. This cross-chain capability drives value to NASDAQ:ALT tokens as the protocol expands its ecosystem. Growing Layer 2 demand: As Ethereum and other Layer 1 blockchains face increasing congestion and high gas fees, Layer 2 solutions like ALT Layer will become essential for maintaining a seamless user experience. This growing demand for scalability will drive adoption and value for ALT Layer’s services. want to know more about my Conviction on this? Follow me for more. Check my GOOGLE DOC that includes other Trading View possibilities along with other gems.
Long
by osodatsismoso
JUPUSDT Breaks Trend Line: Ready for a Major Upswing?JUPUSDT has hit support multiple times and has now successfully broken its trend line, setting the stage for a significant upmove following a brief retracement. As a fundamentally strong project, JUP presents a promising opportunity with the potential for a 2x return from current levels. Keep a close watch on price action, and remember to implement your stop-loss strategy to manage risk effectively. This could be the start of an exciting rally—don’t miss out! JUPUSDT Currently trading at $0.92 Buy level: Above $0.92 Stop loss: Below $0.77 TP1: $1 TP2: $1.2 TP3: $1.5 TP4: $1.85 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Altcoin Market Breaking Out: Bull-Flag!Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out. It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week. For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top. Potentially exciting times ahead!
CRYPTOCAP:TOTAL3Long
by FieryTrading
2