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FET - Pivotal Area: Bulls Need to Wake Up!If there's any chance of a turnaround, it has to be from these levels. If the price breaks below $1, I’ll consider opening a short position targeting the most recent low of $0.80. However, the overall picture looks more promising, so I’m looking to go long between $1 and $1.08 as the first play. If this level fails, I’ll switch to a short position, especially if CRYPTOCAP:BTC falls below $56k. I’d also welcome a period of consolidation above $1 to reestablish this level before aiming for new highs. To simplify: - Bullish bids above $1 - Bearish sells below $1 :)
Long
by ZelfTrade
4
NEIROETH: Completed impulse? Levels to watch!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! There is a potential for an completed impulse up here, not the most ideal look and the 3 wave move up could mean there is a flat in the works... But I think the main level we have to watch is the 0.1168 area. A sweep of the level would be ok, but a break of the level could lead to it turning into resistance and a revisit of some lower prices. Trade Safe, Trade Clarity.
Long
by CryptoKnee
1
Link: Signs of life?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bullish Take: Breakout Possibility: The price has been testing the downtrend line (blue line), and a potential breakout above could lead to a bullish rally. Key Levels to Watch: The next target after a breakout is the $10.812 level. Recovery Formation: The price is hovering near a critical support level at $9.910, and if it breaks and holds, this could trigger a bullish reversal. Bearish Take: Downtrend Still Intact: The price remains under the blue trendline, suggesting the downtrend is not yet broken. Support at Risk: If $9.910 fails to hold, the next support lies around $9.329, which could lead to further downside. Lower High Formation: The chart shows a series of lower highs, reinforcing a bearish sentiment unless a strong breakout occurs. In summary: Bullish outlook if price breaks the trendline and moves above $10.812. Bearish outlook if price breaks down below $9.910, potentially leading to $9.329. Trade Safe, Trade Clarity.
Long
by CryptoKnee
1
DOG: Leash Yanked. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bull Thesis: Five-Wave Structure: A completed five-wave structure labeled as wave (5) suggests a possible end to the correction, followed by a potential bullish impulse. ABC Correction Completion: The corrective ABC pattern seems to be nearing its end, indicating the possibility of a trend reversal upwards. Support at 0.0010845: The chart shows significant support around 0.0010845, which could serve as a base for a potential rally if prices hold above this level. Bear Thesis: Price Target of 0.0009633: The chart indicates a downside target of 0.0009633, showing potential bearish pressure if the current support levels are broken. Rejection at Resistance: If the price fails to break above the highlighted resistance areas, a deeper correction could occur, pushing the price down towards the lower support levels. Strong Resistance Zone: The area around 0.0011732 acts as a strong resistance, and repeated failure to break through could lead to a bearish reversal. In summary: Bullish if prices can break through key resistance at 0.0011732 and 0.0010845 and convert them to support Bearish if prices fail at resistance 0.0010845 and breaks lower towards the 0.0009633 target. Trade Safe, Trade Clarity.
Long
by CryptoKnee
Dogs: Need to hop this fence. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bull Scenario: Break Above Resistance: If the price successfully breaks and holds above the 0.0010845 level, it could trigger bullish momentum. Target Levels: Bulls would aim for higher levels, with potential targets around 0.0012 and 0.00125. Higher Highs and Higher Lows indicates the trend at the smaller degree is up at the moment. Bear Scenario: Rejection from Resistance: If the price continues to reject from the 0.0010845 resistance, it could fall toward key support levels. Downside Targets: Bears would aim for the first support at 0.0009999 and then the next level at 0.0009741. Trend Continuation: Breaking the Lower Lows could lead to continuation of the down trend at the higher degree. Trade safe, trade clarity!
Long
by CryptoKnee
1
DOGS: Chance for redemption?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bullish Scenario: What Needs to Happen: The price needs to break above the descending trendline and sustain above the 0.0010845 USDT support level. Target: Move towards the next resistance levels, potentially higher than 0.0011753 USDT. Bearish Scenario: What Needs to Happen: The price fails to break above the descending trendline and continues to respect it as resistance. Confirmation: A drop below the 0.0010845 USDT support level will confirm further bearish momentum. Target: Move lower, potentially testing previous lows, and further downtrend continuation. This analysis hinges on the price action around the descending trendline and key support/resistance levels. Monitoring these areas will provide clues on the next significant move for DOGS/USDT. Trade Safe, Trade Clarity.
Long
by CryptoKnee
Dogecoin (DOGE) - Will DOGE lovers finally be rewarded?Things have not been as exciting as most cryptocurrency enthusiasts would have thought, especially for CRYPTOCAP:DOGE . At just 3x from this year's low, it is to date one of the worst performing memes. Let's take a look at what Dogecoin might have in store. Macro View. Everything remains intact on the monthly and it just regained lost support on the weekly. Many probably missed the yearly opening retest at $0.09 hoping to get a perfect retest of that level, only to be left out! Price trading above $0.12 over the next three weeks will present a change in trend and print a new bullish signal Once it reaches $0.17, things will start to pick up momentum, as that would be the last level for the bears to defend before a nice push towards $0.33. Actions to Take: Bid at $0.12 for a turn towards $0.17. Invalidation below a daily close of $0.114. A rather slow trade, so be patient!
Long
by ZelfTrade
ATOM - Ideal BUY BACK Zone ApproachingThe greatest thing about bullish impulses / parabolic upwards price action, is when you know you can ride the tide because you ALREADY have a position. However, this means having the courage to buy when the prices are low and there is no immediate sign of a turnaround to the upside. I'll say again; profits are made in bullish markets but secured during bearish markets. This will, of course, largely depend on the direction of BTC over the next few weeks. So don't miss that important update HERE: ___________________________________ BINANCE:ATOMUSDT
by CryptoCheck-
1
DOGS: Rolled over, ready for a new trick or?...If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Dogs followed the path to the down side. Here is the updated 1-hour chart for DOGS/USDT which provides additional clarity on the downward trend and potential reversal points: Descending Trendline and Resistance Points: The descending trendline marked in yellow has been tested multiple times (indicated by red circles), reinforcing its significance as a resistance level. The price is struggling to break above this trendline, which has kept the downward pressure intact. Support and Resistance Levels: Resistance at $0.0012091: This level remains a key barrier for upward movement. It has played as support in the past. The break below can lead to this level becoming resistance now. It is the key level bulls need to regain. The zone at $0.0011282 is currently playing as resistance and is a critical levels to watch; a rejection could signal a deeper decline. This is the first level the bulls have to regain. Bullish Scenario: If the price manages to break above the descending trendline and sustain above $0.0011565, and flip the current resistance into support, it could lead to a bullish reversal Bearish Scenario: A failure to break above the trendline and resistance, could lead to further declines, validating the bearish momentum. Conclusion: The price is in a critical phase, with the descending trendline acting as a strong resistance. A break above this line could signal a bullish reversal, while continued rejection and an inability to regain the resistance levels would likely result in further bearish movement. The overall sentiment remains cautiously bearish unless a significant breakout above the trendline occurs. Trade Safe! Trade Clarity!
Long
by CryptoKnee
POPCAT - The CAT that just keeps on GIVING!!Let’s revisit $POPCAT, which has delivered excellent returns and continues to show promising price action. First Setup: I’m looking to enter at the monthly level and on the reclaim of the red line (pivot area). If the market maintains enough strength, this level should hold. Second Setup: This comes into play if the market remains indecisive and needs to retest lower to validate the recent up move. I plan to re-enter at the mid-level, which aligns with a significant macro pivot area on the chart. I prefer the second setup as it carries less risk and offers a cleaner entry, but the first setup remains a backup if the market shows strength and starts making new upward waves from here. Place your bets and let the market dictate the moves. $Bitcoin needs to behave above 60k :)
Long
by ZelfTrade
TOTAL2 - Altcoin marketcap is reversing#TOTAL2 #Analysis Description --------------------------------------------------------------- The altcoin market cap experienced a significant drop from $1.2 trillion to $845 billion, and the current chart indicates that it is hovering around the support zone. This drop was anticipated following a substantial increase from $500 billion to $1.2 trillion, representing a more than 100% surge in the overall altcoin market cap. It is expected that the overall altcoin market cap will rebound from this support zone, with the next target being $1.7 trillion. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTOCAP:TOTAL2Long
by VectorAlgo
3
Dogs: Sit-up or roll over?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! The DOGS/USDT 1-hour chart indicates a potential Elliott Wave structure, with a completed 5-wave uptrend followed by an ABC correction, suggesting the market could be setting up for a new upward move if key levels hold. However, the move from the proposed end of the C wave is not forming an ideal motive wave. Key Levels: Support: The significant support zone around 0.0012091 could serve as a foundation for a potential bounce, with 0.0012879 currently acting as support. Resistance: Resistance is noted at 0.0013205 and 0.0013788. As the price approaches these levels, it may encounter selling pressure. For a sustained bullish trend, these levels need to be broken and flipped into support. Technical Indicators: A descending trendline from the peak of wave 5 underscores the bearish trend. The price is testing a break above this trendline, which could signal a trend reversal if it holds. A Fibonacci retracement at the 0.618 level would add validity to the bullish scenario with a break of it excluding the potential for algorithmic participation. Scenarios: Bullish: If the price can break above the descending trendline and maintain above the 0.0012091 support, it could target higher resistance levels. Successfully breaking and converting these into support would suggest a continuation of the bullish trend. Bearish: Failure to hold above the 0.0012091 support level may lead to further declines, reinforcing the bearish trend. Conclusion: DOGS/USDT is at a pivotal juncture. Holding above the descending trendline supports a bullish outlook, while failure to maintain support levels could signal more downside. Monitoring price action around these key levels will be crucial for determining the next move. Trade Safe! Trade Clarity!
Long
by CryptoKnee
VELO - The Last Coin Standing (Structure)I'm buying as close to the previous low as possible. The structure of this one remains intact, and it has finally moved above the 50MA. Few assets have achieved this since the altcoin sell-off, and many are still struggling to even touch the MA. This one stands out with a superior market structure. I don’t anticipate significant moves yet, as CRYPTOCAP:BTC is still having difficulty holding above key levels. I expect some sideways action for the next few weeks, with liquidity potentially picking up around mid to late September. The pivotal area is the take profit level. However, if it surpasses this level in the near future, it would signal a clear buy. For now, let’s brace for some choppy conditions as we approach the final stages of this sideways movement
Long
by ZelfTrade
1
Good time to buy and HODL!Arweave (AR) is one of my recent coins which I choose to invest in. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 2,3. Small portion will be sold on Target 1 and on Target 4 and 5. Entry Zone: 9.07 – 11.07 Buy Zone 1: 6.06 – 7.36 Target 1: 26.03 – 28.75 (135%) Target 2: 38.39 – 42.25 (247%) Target 3: 56.98 – 60.36 (432%) Target 4: 75.92 – 78.98 (609%) Target 5: 93.40 – 99.77 (774%)
Long
by Abmoon
16
Altcoin Season Approaching? BTC Dominance Signals Major Shift!Yesterday, Bitcoin Dominance (BTCD) tested the 50% Fibonacci resistance level at 2,848, resulting in a significant daily bounce off this key level. Today, BTCD is attempting to break higher. However, if the daily close remains below this resistance, we anticipate a sharp decline. In this scenario, Bitcoin Dominance could experience a substantial pullback, potentially targeting the 50% Fibonacci support area near 2,600. This support level not only aligns with Fibonacci analysis but also corresponds to a previous resistance zone, indicating strong market activity at this point. If this bearish scenario unfolds, it may signal the onset of a robust Altcoin Season. Traders should prepare for the opportunities that may arise during this period!
Short
by CryptoPAMM
Could #ALT have found a local bottom?#Alt 1D chart; It still hasn't regained the 50EMA line it lost in April. Although it tried to turn bullish on the signal of non-compliance, it failed due to market conditions. Could it have found a local bottom? There is a 24% difference between the last bottom and the current level. Although this is related to how bad the market could get in a bad scenario, the $0.665 level could be a good place to buy gradually. Note the resistance levels indicated by orange arrows.
by ugurtash