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SEI - Best BUY BACK Zones ApproachingSEI is an altcoin that I have high hopes for. Unfortunately, SEI hasn't yet bottomed out and is still trading in a bearish trend, making lower highs and lower lows whilst the RSI is under 50 (THREE Bearish Signs, Short to Near term). However, we have reason to believe that the end of the bearish cycle may be very close - and now it is time for re-accumulation. This is my favorite part of any cycle, since this is where you prepare for the next bullish impulse wave up and make sure that you don't miss the rally and/or get left behind. I'm watching three zones for potential re-accumulation. Watch to see where the best places are to buy SEI. ____________________________ BINANCE:SEIUSDT
Long
by CryptoCheck-
Phemex Analysis #14: ETH - What's Next? PHEMEX:ETHUSDT.P recently breached its $2800 support level before rebounding to the $2700 range. This significant drop has transformed the previously supportive $2800 level into a formidable resistance barrier, currently preventing further upward momentum. Unlike Bitcoin, which experienced a notable price surge following the launch of its ETF, Ethereum's ETF has thus far failed to ignite a similar rally. Given the current market dynamics, several potential price trajectories for ETH emerge: Bullish Scenario A decisive breakout above the $2800 resistance could signal renewed bullish sentiment. However, substantial selling pressure is anticipated at the $3300 and $3600 levels, which could hinder sustained upward movement. Without a catalyst such as significant positive news or a broader market uptrend, overcoming these resistance zones will be challenging. Bearish Outlook Alternatively, ETH might undergo a downward correction, potentially retesting the $2000 support level. This level could serve as a consolidation area before a potential rebound. If bearish pressure intensifies, a breakdown below $2000 to the $1800 level cannot be ruled out, though such a scenario warrants caution. Range-bound Movement A more likely scenario involves ETH consolidating between the $2500 and $2800 levels. This sideways price action can offer opportunities for range-bound trading strategies, such as the use of Neutral Grid bots. However, implementing stop-loss orders at both $2500 and $2800 is crucial to manage risk effectively. For investors seeking more pronounced price movements, adopting a wait-and-see approach until a clear directional bias emerges may be prudent. Ultimately, the future trajectory of ETH will depend on a confluence of factors, including overall market sentiment, investor behavior, and the impact of regulatory developments. Note: Pulse is offering $500 PULSE to all new Phemex users. Sign up for Pulse quickly! Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
1
ALTS that will SURVIVE 2024 - and BEYONDIn today's post I'd like to invite you to add the alts YOU think will survive, and why. Add in the comment section! Incase you missed yesterdays post... I remember the good 'ol days, when the amount of options you had was limited to one hand. First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the enemy is actually in the camp... New alts are being released every hour (probably more) and it's just the one airdrop to the next rug. Lot's of progress has been made in this space which is blockchain, but we're still not really seeing the original promise of Bitcoin being fulfilled (fast and affordable cross border payments, ) amongst others. Today, it has become close to impossible to separate the crop from the cream in terms of coin accumulation. If you bought BTC two years ago, or ETH, or LTC - you'd currently be in profit. However, some alts don't even exist for a month after release date never the less a year or more. So let's talk about which altcoins I believe have a future FOR SURE. Remember that this is a highly debatable point; but I am going to point out the few that I believe will survive (at least past year and possibly beyond). 👉1) Bitcoin Bitcoin is not an altcoin, it is the original crypto. The KING. The first commandment and promise of a fair, open and transparent future on the blockchain. BTC's price may be overvalued occasionally, but it will always have the benefit of being first. And with so many institutional investors, I think it's a safe play for the foreseeable future. 👉 2) Ethereum King of the alts, first of it's kind. Ethereum is the world's first smart contract platforms which remains the most popular choice among developers even today. Following Bitcoin's decentralized concept, Ethereum has become a leader in smart contract platforms and dApps. Eth is here to stay. 👉 3) Solana Competitor now to Ethereum, SOL has previously surpassed ETH (not in price). With over 95 million transactions daily, Solana has become the fastest blockchain and recently surpassed Ethereum in Total Economic Value. Many devs prefer Solana, and I believe it will stick around for the foreseeable future. 👉4) Dogecoin I hate how dependent Doge is on Elon Musk. But, for some reason, Mr Musk has a fascination with Doge and has promised many times to include it as a payment option on X (formerly Twitter). Even though it seems like a pie in the sky, something like that would significantly increase the value of Doge. I don't see it as a "forever" coin, but definitely on the list. I think a key point to note here, is that back then, they (the founders) were doing something revolutionary. They were and are the titans of the industry. Today, anyone with GPT can create a functioning alt that "serves a purpose" or has "fundamental use case" in some way. It's true that AI is revolutionary, and I am very bullish on the concept of AI and the promise of automation for human kind. But this far, it hasn't been profitable, yet. OpenAI makes losses and cryptoai is just leveraging off the larger AI, or the concept thereof... Sure, there are privately trained models, but at the current moment it takes a tremendous amount of resources (time, money, physical space) to do DL or Machine Learning, which if OpenAI cant make profitable... then neither can the cryptoai created by john, steve and bob. 10 Other ALTS that will probably make it past this year: 1) Shiba Inu (because people love it) 2) XRP (because many can't let go) 3) Cardano (because it has a cult following) 4) BNB (Binance supporters maybe?) 5) Chainlink (because oddly enough it's survived for this long) You wouldn't catch me dead holding those 5, but still - I do believe they will survive for some time still. Now, coins that I will actually buy and hold: 6) Kaspa (potentially a revolutionary alt) 7) Render (potentially an ai winner) 8) Monero (still the best privacy coin) 9) Sei (potentially a revolutionary alt) 10) Aave (still the best for borrowing and lending) Don't miss the message here - you can still TRADE altcoins. There are good trading opportunities and setups even for the worst alts. I know this because we trade them daily. But this post is not about trading opportunities - it's about the future, potentially the far future. Who will likely survive and why. Alts that may be worth accumulating an that probably won't rug in a month's time. I hope you can take it for what it is intended to be! ______________________________
Long
by CryptoCheck-
4
12/08/24 Weekly outlookLast weeks high: $62,761.55 Last weeks low: 49,017.27 Midpoint: $55,889.41 Quite the week in crypto just gone. From our first sub $50,000 BTC since mid February thanks to the JPY rate hike , a single day decline of -16% on Monday to then a strong recovery of +28%, a lot of volatility. The two peaks for the week coincide with the 4H 200EMA resistance level , which is a problem for the bulls as now that the final hours of Sunday trading dipped price below the 1D 200EMA , Bitcoin has a difficult week ahead to break back above those moving averages. A big news event week coming up could continue the high volatility we've seen in recent weeks: - US PPI 13th - US & UK CPI 14th - JPY & UK GDP 15th For this week I will be looking closely at the news events that could cause volatility and perhaps give a sign of trend direction going into the September FED rate cut .
by ProR35
3
Is Polkadot going to make lower low?Yellow Line - BOS zone White Line - Resistance of Bearflag pattern. This is my idea on BINANCE:DOTUSDT and how it will go. We all know Dot is one of the top altcoins with huge potential. As you can see BINANCE:DOTUSDT is much likely to form a bearflag pattern before it goes up. If DOT ever reaches the 2.5-3 zone I would re-enter Long position again. You may think why 2.5-3 zone? isn't it going to make lower low? For me seeing a lower low is a confirmation that we are in a bearflag pattern and checking the bottom support line 3rd time is a huge confirmation to consider a Long Position. So time will tell!
by terayu
Possibility of Correction with “Double Zigzag” or “Zigzag”?!AR is a pair that I personally enjoy trading. It has rarely disappointed me in the analyses I’ve done so far. Since my last post, I had completely eliminated my risks. Ultimately, I was able to achieve the movements I desired. Given the current state of the structure, I have two prominent scenarios. Primary scenario (orange): The possibility that the correction might take the form of a WXY, i.e., a “Double Zigzag.” There are certain factors that make this scenario more likely than the alternative. For example, the $16.29 level marked by the orange horizontal ray on the chart is the exact point where the w:y waves overlap 1:1. The almost 35-40% reaction we received from that level gives me signals that this scenario is more likely. When I analyze the reaction we received on lower time frames, I can see very clear impulse waves. Although I can see an impulsive structure in the lower time frame, the key level where we will get confirmation to say that the decline has ended with the WXY scenario is $28.55. If we reach this level without making a new low and even just touch it, I will rule out the alternative count. Secondary scenario (white): The possibility that the correction will end in an ABC form, i.e., with a “Zigzag.” I have shown the placements with white arrows on the chart. Wave A is progressing in a 5-wave structure. Then we have our intermediate wave B, followed by the C wave, which we also expect to be in a 5-wave structure. In this scenario, there is still one final leg of the C wave that remains incomplete. I depicted how this could be completed with the white path. If this scenario becomes active, I anticipate that the C wave might end at the $14.03 level, which is the 1:1 ratio of the a:c waves. If the previous low is violated, even if only by a wick, this scenario will become active. Another reason why I consider this scenario weaker is that the wave I marked as “alt b” has shown a very impulsive move. It seems more reasonable to mark this as the C leg of an “Expanded Flat” X wave. At the end of both scenarios, I will be expecting new highs in this pair. I update my targets by analyzing the chart step by step, according to the state of my count. I hope that as the movements mature, we will be able to take steps with clearer ideas.
Long
by muraatboyraz
Crypto Altcoin market cap - daily chart viewTOTAL3, which measures the market cap of all cryptocurrencies except Bitcoin and Ethereum, is currently sitting at a crucial support level. This is the third time it has tested this zone, making the next few weeks critical for the future of altcoins. For any chance of an altcoin recovery or the start of an alt season, a strong reversal is needed. If TOTAL3 can bounce back from this level, it could spark new interest and momentum in the altcoin market. However, if it breaks down further, we could see more weakness across the board. I'm hopeful that we'll see a reversal in the coming weeks, which could reignite the altcoin market. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
CRYPTOCAP:TOTAL3Long
by GreenCryptoTrades
1
What's the nearest future for altcoins?This week, we'd like to take a local perspective through a look at BINANCE:ETHBTC significant drop last week (-7.63%). At the moment the movement is defined by three models. AMEXP model (green) is located on the weekly timeframe, where we are interested in two levels in the local perspective: 2 point level (0.05115) and 4 point level (0.04622)👇 On the daily timeframe, the current movement is described by the AMEXP model of June 27 (turquoise) and the EXP model of July 7 (yellow). In the turquoise model we are primarily interested in the level of 1 point (0.05151), level 0.05045 and level 0.04738 (where the price pivoted on July 27)👇 In the yellow model - level 4 point (0.05216) and level 0.044👇 In conclusion, the BINANCE:ETHBTC price may now continue to rebound towards at least the trend line of the yellow pattern, and at most to the zone of strong resistance accumulation from 0.05045 to 0.05216. After that, we may see a continuation of the drop to floor targets such as 0.04622 and 0.044👇 Based on this we can conclude that now most altcoins look weak and we don't see any opportunity to accumulate additional speculative positions - we will continue to work from the accumulated shorts. Also, a reminder of the open GEP's on CME:BTC1! at $57,805 and $65,835 that continue to be strong magnets👇
by TSFC
Chainlink: Let’s go!LINK dropped significantly in the last seven days and even briefly undercut our turquoise Target Zone (between $8.20 and $10.90). However, as it was able to turn around quickly and only undercut the range by less than 1%, our count remains intact. We now see the turquoise wave 2 as completed and expect an upward push above the resistance at $20.85 in the further course. Investors could open long positions within our Target Zone. Stops could be placed around 1% below the lower edge. Should the bears push the price significantly below the Zone (37% likely), we will have to anticipate a lower low of the turquoise wave alt.2
BINANCE:LINKUSDLong
by MarketIntel
2
05/08/24 Weekly outlookLast weeks high: $70,078.54 Last weeks low: $57,217.14 Midpoint: $63,647.84 Have we just witnessed capitulation after a week long slide in BITCOIN and crypto as a wholes price? -30% in 7 days, or is this part of a larger sell-off? Here are some of my thoughts: - '21 ATH REJECTION - As I have said in many of my previous posts the '21 ATH @ $69,000 is a level that BTC just cannot seem to break. Since the beginning of this year BTC has printed an SFP (swing fail pattern) 6 TIMES! This outright refusal to break through clearly creates a problem and when LONGS have been exhausted trying to break through this impenetrable barrier, naturally price must retreat and start again from a point lower down, we are seeing that now. - CARRY TRADE - The BOJ (Bank of Japan) has RAISED RATES from 0-0.1% to now 0.15-0.25% after the conclusion of its 2 day monetary policy review. This has not only cratered the NIKKEI 225 -13.5% (at time of writing) but that has also has a domino effect on other traditional stocks & indices. It may not seem like a big rate hike but the underlying meaning of the hike is the problem. With it comes a hawkish approach for the foreseeable and that has the rest of the world worried because it shuts the door to FREE CREDIT. When the Yen is free to borrow which it has been up until now it weakens JPY again USD, that free YEN is borrowed using assets as collateral and then used to invest into Real-Estate for example and yields more, keep the profit and pay back the JPY using USD which is gaining in strength, a two fold win. However, now that JPY isn't free to borrow and could potentially get more expensive to borrow in the future it means those people no longer have access to free credit and also the JPY is getting stronger against the USD. A two fold loss from what was a certain win. That has caused the panic and sell-off. - GEOPOLITICAL LANDSCAPE - There is no denying the world is in a state of worry geopolitically. Lockheed Martin (LMT) is up 17% since July 1st and I don't think that is a coincidence when the the wider market, especially big tech is falling of a cliff. When war is a possibility/ inevitability, risk assets struggle, this is only natural as investors play it safe and try to protect what they have. A growing selling pressure and a lack of buyers will cause a market to retreat every time. This week I'm looking for BTC to form a new base for us to bounce from, with rate cuts coming from September onwards and a Weekly Bullish Orderblock filled this is a possible long term entry position in the making. Need to see some strength returning first but as the saying goes, buy when others are fearful and sell when they are greedy. TL;DR - '21 ATH SFP for the 6TH time this year, exhausted rally. - JPY rate hike closing the door on carry trades, huge selling pressure. - Geopolitical uncertainty, risk-off environment.
by ProR35
Alt Coin Holders are about to become RICH! ALT SEASONBitcoin dominance is topping out and is ready to shed dominance across the market! Expect a hard drop! If the bottom of the wedge is broken then we can expect a major alt cycle! I hope you're READY because alt coins are where the BIG MONEY will be made! Use non-kyc exchange TradeOgre, here is my list of coins to accumulate now! GHOST DAG Coins / $:CAS $:NXL $:SDR $:NTL $:HTN / Tickers are not on trading view All coins across the market will rally together when the dominance melts! My eyes are set on projects that utilize Ghost DAG, Similar to $KASPA
CRYPTOCAP:BTC.DLong
by IIISevens
8
TOTAL3 - Bulls taking a napTOTAL3 began forming a descending parallel channel (Bull Flag) on March 31 and has been trading within it. We recently had the third touch at the top of the channel, but it failed to break, showing signs of exhaustion indicating a greater probability of decline in the short term. I will continue to monitor, but I only believe in all-time highs for altcoins when this channel is broken, but I wouldn't be surprised if we visit 450-480B before that happens.
CRYPTOCAP:TOTAL3Short
by The_Trading_Wizard_
TOTAL3 - Total Altcoin marketcap | Headed in the right direction Altcoin marketcap is currently trading inside the channel and it's been inside the channel since 2024 with market cap reaching the peak in first quarter of 2024 Currently the marketcap is around the resistance line and expected to break out from the resistance zone. we can expect a clear bullish confirmation after the price breaks the $750B barrier. By the end of 2024 i'm expecting the altcoin marketcap to reach 1T Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
CRYPTOCAP:TOTAL3Long
by GreenCryptoTrades