AUDIOUSDT - POTENTIAL SETUP
AUDIO is in downtrend since march and now feels like sellers are exhausted,
Currently the price has formed a double bottom on daily with bullish div and now seems like the bulls are getting ready for some strong upside movement.
If the market continue to trend higher , the next optimum target could be 0.2058
followed by 0.2496.
Altcoin
When will the altcoin season come in 2024 ? When will the altcoin season come in 2024 ?
Let's prepare for this cycle's huge altcoin bullish market 🚀 #BTC.D
Righ now, I will share my personal experience to know when the altcoin season will come in 2024.
Based on the 2016 and 2019 cycle, I know the important signs based on the BITCOIN DOMINATION CHART.
Every time the BITCOIN DOMINANCE CHART make peak, this index will decrease, then the proportion of the entire altcoin market will increase.
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#btc #Altcoinseason2024 #BullishOnCrypto
NTRN - struggling with $0.741This is what we want to see on NTRN as we face challenges breaking above $0.741. We are looking for the HVN to hold here and the MDay-Mid, FVG, and POC to provide enough support for NTRN to maintain its bullish structure. The resistance at $0.741 has proven to be a significant hurdle, but with the support from these key levels, there's a strong foundation for a potential breakout and collecting the liquidations above.
If NTRN can hold these levels, we expect the bullish structure to continue. However, it’s essential to monitor these supports closely, as any failure to hold could lead to a reassessment of the bullish scenario. The goal is to see a strong bounce from these supports. The target is the mid range at $0.7529 and the final tagret is $0.85.
AEVO - Shift in Momentum in Action 📉📈Hello TradingView Family / Fellow Traders,
📉 AEVO has been overall bearish trading within the falling channel in red.
📈 For the bulls to take over, leading to a movement towards $2, a break above the upper red trendline and $1 round number is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
AXSUSDT - 4H Bullish signsThe AXSUSDT 4-hour chart indicates a significant bullish breakout from a descending triangle pattern, typically a continuation pattern but here suggesting a reversal.
The price has breached the upper trendline of the triangle, signaling a potential upward movement.
The target for this breakout is set at approximately $9.40, as depicted by the green highlighted zone.
This target aligns with previous resistance levels observed in early April. The overall bullish momentum is supported by increasing volume, indicating strong buying interest.
USDT.D% will ⚔️Attack⚔️ to Support zone again💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.
💡If USDT.D% falls, we can expect the cryptocurrency market to start rising ( not all tokens, of course ).
📈From the point of view of Classical Technical Analysis , USDT.D% looks like. It has succeeded in breaking the lower line of the Rising Wedge Pattern .
🌊According to the theory of Elliott waves , USDT.D% has successfully completed the Zigzag(ABC) correction , and we have to wait for the next 5 falling waves .
🔔I expect USDT.D% to at least fall to the 🟢 Support zone(4.72%-4.53%) 🟢.
Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame ⏰.
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ICP - Broke The Trendline Hi, this is my new update for ICP. After 51 days we finally broke this beautiful trendline and today we are testing it to see if it was a fakeout or 100% breakout.
We have big resistances around 15.00-15.80$ and at the same time we have also 50&100 SMA (green and blue line). Right now we have broken the trendline on both the chart and RSI. We are also testing the support level 12.30-12.50$ as long as we hold this support level I expect we are going to break the resistance 15-15.80$ in the next run.
- My main target for the next couple of months is around 37-40$.
- In the short-term (next couple of weeks) I expect we are going to test the resistance 20-23$.
As long as the support level 10.50-11.70$ holds everything is fine, but if break it down then things will get ugly.
PEPE, LillyPad going to hold? Elliott wave Price ActionIf you find this information inspiring/helpful, please consider a boost and follow!
CRYPTOCAP:PEPE following the path I laid out.
Not its at a discission area in my opinion.
If it can hold this level I am thinking it will give another bounce.
IF it breaks below the level I will be watching to see if the level plays again as resistance.
Near, too far? Elliott wave and Price ActionIf you find this information inspiring/helpful, please consider a boost and follow!
Busted above this level before.
Now its coming back for a retest.
That combined with the Elliott wave count.
I think there could be a bounce here, for at least one more move to the most recent high. If price breaks below 7.70 swiftly, I think it may turn back into resistance.
#TOTAL1 is testing the resistance zoneTotal #crypto including #btc #eth #sol #bnb #xrp #doge and all other #altcoins market cap is now testing the daily ichimoku cloud resistance zone. Daily stoch RSI is exhausted a bit. Declination or breakout will give great results while the direction will be determined.
Bitcoin Dominance Surges:Is Now the Time to Buy or Sell ETH &BTCBitcoin dominance is an important chart indicator that reflects the flow of liquidity and market capitalization of bitcoin in comparison to the rest of the cryptocurrency market.
Bitcoin dominance historically moves in cycles, with the flow of risky cryptocurrencies(altcoins) to less risky ones such as Bitcoin. This provides a signal of when to buy or sell your Bitcoin and altcoins.
A lot of people have been speculating that it's altcoin season. However, I believe we need one more leg up in Bitcoin dominance as the ETH/BTC pair breaks down and liquidity flows from altcoins to Bitcoin.
Bitcoin dominance
ETH/BTC broke support
To sum up, I believe that we could see the price of Bitcoin rallying within the upper and lower bounds of the accumulation, while Ethereum and altcoins decline. This could lead to a significant rise in Bitcoin dominance before monetary policy comes into play for the next cycle of deciding which altcoin to buy. Expect volatility in the coming months as altcoins decline against Bitcoin.
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Be greedy when others are fearful - © Warren BuffettAs the cryptocurrency market gears up for a potential alt season, savvy investors are positioning themselves to capitalize on the gains of altcoins. This article will explore six promising altcoins and the significance of sector diversification in maximizing returns.
Be Greedy When Others Are Fearful, Fearful When Others Are Greedy:
This timeless adage by Warren Buffett highlights the importance of contrarian investing. During alt seasons, when the market is euphoric and prices are rising, it's crucial to maintain a level head and avoid overextending. Conversely, when the market is in a downtrend and fear is prevalent, it's an opportunity to accumulate undervalued assets.
Top 6 Altcoins for Alt Season:
Dogecoin (DOGE): Forming a bullish ascending triangle pattern, DOGE is poised for a breakout. The triangle's squeeze indicates a potential surge in price. Respecting the ascending trend and avoiding new lows suggests an upward breakout.
Sector: Meme Coin
Chainlink (LINK): With an accumulation period spanning 518 days, LINK is primed for a significant pump. The longer the consolidation, the stronger the potential breakout, adhering to the golden rule of accumulation. The ideal shakeout beneath the accumulation range followed by price appreciation reinforces the bullish outlook.
Sector: Oracle
Optimism (OP): Trading within an ascending channel and consistently respecting the lows, OP exhibits strong bullish momentum. The pattern and price action suggest a continuation of the uptrend.
Sector: Layer 2 Scaling Solution
Immutable X (IMX): Breaking above local highs and retesting the upper resistance trendline, IMX confirms a trend reversal to the bullish side. This price action signifies a shift in market sentiment.
Sector: NFT Marketplace
Avalanche (AVAX): Coiling within a descending wedge (bullish pattern), AVAX experienced a shakeout below a crucial support level ($9) before resuming its upward trajectory. Respecting old support levels is essential.
Sector: Layer 1 Blockchain
VeChain (VET): Epitomizing a textbook bullish run, VET adheres strictly to the ascending trend. Each cycle consists of price appreciation, accumulation, and further growth.
Sector: Supply Chain Management
Sector Diversification:
Diversifying across sectors is crucial, as different sectors tend to perform differently based on market trends and events. For instance, during periods of DeFi dominance, DeFi-focused altcoins may outperform. Conversely, when NFT mania takes hold, NFT marketplace tokens could surge.
HelenP. I Ethereum can break support level and continue fallHi folks today I'm prepared for you Ethereum analytics. A not long time ago price some time traded in the resistance zone, which coincided with the resistance level, and later tried to rise, but failed and in a short time declined the lower 3150 level. After this, ETH rebounded up to the trend line and then made a strong impulse down to the support zone, breaking 3150 with 2900 levels. Soon, the price turned around and rebounded up from the support zone, breaking the 2900 level again and in a short time rose to the resistance level and even higher, reaching the trend line again. But ETH at once rebounded and declined to support level back, breaking resistance level one more. Ethereum some time traded near the 2900 support level and even tried to rise more, but failed and now continues to trades very lose to the support level. For my mind, Ethereum will make a small move up and then break the support level, after which continue to decline, therefore I set my goal at 2775 points. If you like my analytics you may support me with your like/comment ❤️
Cardano can raise up from here !Cardano (#ADA) has grabbed the liquidity of major structure's low in the daily time frame and this means that ADA can start growing from this area to the top of the daily major structure at the price of 0.8104 .
If price can close below the 0.3994 then, this analyse will be faild and then we could see more price drop.
This is my personal oponion, and its not a financial advice.
PEPE jump and hold? Elliott wave If you find this information inspiring/helpful, please consider a boost and follow!
All about the level.
It looks like a 3 wave move down, and up, atm.
Could count it to fit so other sideways variants.
But this would be the most dramatic.
All depends on if this is a Liq grab or continuation.
ETHEREUM - Price can start to grow from support level in flatHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area.
Then price broke this level and rose to resistance line of channel, after which it bounced and started to decline.
In a short time, ETH declined to support line of channel, breaking $3105 level again, and soon exited from rising channel too.
After this, price started to trades inside flat, where it some time traded near top part but later declined to support level.
Ethereum some time traded close to this level and then bounced up, but a not long time ago it fell back.
So, I think ETH can decline to support level and then bounce up to $3025 inside flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
ONDO 120% potential?I want to remind you how market volatility works, from decreasing volatility to sudden increases. ONDO is consolidating into a triangle, and volatility is decreasing. Be prepared for an impulse, especially if the market shows strength; ONDO could easily show 100-120% growth. Keep an eye on it. Currently it is one of the strongest asset in the market.
MATIC - Clean and Clear ❗️Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
MATIC has been hovering within a big range in the shape of a flat rising channel marked in blue.
Currently, MATIC is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes.
On Daily: Right Chart
📈 For the bulls to take over, we need a momentum candle close below above the last major high highlighted in gray.
📉 Meanwhile, MATIC would be bearish short-term and can still trade lower inside the weekly support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Mode ivated? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow!
Got the looks of an Elliott wave impulse here.
I will be watching this chart closely to see if we can get a corrective pattern that stays internal to this suspected impulsive range. Preferable a clear ZZ or other pattern will develop and print down in to at least the discount area. Alarms set, added to watch list.
🔥 Weekend Technical Analysis Fiesta 🎉 - Name Your Crypto!Has been a long time since we've done a crypto fiesta! Time for a new one 🔥
Short-term view:
Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k
Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k would be a long-term pivot to the bears.
🎉CRYPTO FIESTA🎉
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