APE UTAD to $2.50Ape is approaching the top of this range again - it still hasn't quite reached the 1.618 from waves 1 + 3. As most Elliott Wave enthusiasts will tell you, you can normally find the wave 5 target by pulling fib extensions on wave 1+3. This has been the case for many of the other alts as well, as they all approach major macro wave 5 targets. Look for APE to take out the current highs into that 1.618 to form the UTAD here
Altcoin
EOS Weekly Re-DistributionThis is the EOS weekly chart, side by side with a re-distribution schematic. If you zoom out you'll also notice that I highlighted the 5 wave impulsive structure to the downside that we had during the bear market, and how this ABC correction took out the wave 4 highs, exactly how it's supposed to before a continuation would begin. The monthly indicators all look extremely bearish as well, on most of the altcoins actually.
I would recommend pulling your capital and saving it to buy lower prices, as I do believe that's where we are headed.
DELYSIUM (AGI)One of my favourite altcoins for a number of reasons is DELYSIUM. An AI-powered open world framework project, the first web3 operating system that has seen incredible gains in the last year, up 467% YTD.
The AI narrative is a very strong one, perhaps the most likely to succeed in this Bullrun and so choosing the right projects to back over the next 12-18 months is so important.
Since the start of the year AGI has rapidly climbed to new heights, with a previous ATH of $0.45 Delysium moved into price discovery before losing momentum and falling back under. A big reason for this is not only because the rally ran out of steam but because BTC made a similar move, and once BTC pulls back the rest of the market is usually subject to the same move, however altcoins usually hold value much worse than BTC. The chart shows price has retraced back to the origin point of the last leg of the rally, the Bullish OB+ area and reacted well off this zone. After this strong reaction price meets the trendline resistance and fails to break it after 4 attempts. Another pullback into the Bullish OB+ give AGI another chance to escape the bearish trendline which it does and begins to make new Higher highs and Higher lows, a bullish trend has begun on the LTF. The last thing AGI now needs is to break market structure to confirm a new bullish trend which it does by sweeping the supply zone on the nearest local high. Using the Fibonacci zones we can find the best place for entry between the 0.62 & 0.79 areas of the pullback just after a "change of character" (CHoCH).
With strong fundamentals as well as bullish technical analysis it is clear that AGI is a great project to consider. With a strong probability trade like this and Take Profit (TP) targets as price continues its rally. Obviously as with all Altcoins they are subject to BTC price movements, this trade idea will really be determined by BTC regaining the 4h 200ema. If Bitcoin can do that we'll have more confidence and confluence in the trade idea, if BTC continues it's LTF downtrend then the trade idea could be postponed and look for a better entry. The Stop Loss (SL) will be the invalidation area.
DYDX - Lost Case? Time to JUMP SHIP?👎🤔DYDX-USDT🤔
We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:
Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:
To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.
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BINANCE:DYDXUSDT
ETH - Long-term Possible Scenarios 📈📉Hello TradingView Family / Fellow Traders,
As per my last analysis, ETH rejected the $2900 - $3000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the last high marked in orange is needed.
In this case, a movement towards the $4000 resistance would be expected.
2️⃣ Bearish
In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,400 - $2,500 demand zone.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETH - Critical Zone 👀Hello TradingView Family / Fellow Traders,
As per my last analysis, ETH is now hovering around the $2900 - $3000 support.
What's next?
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the last high marked in red is needed.
In this case, a movement towards the upper orange trendline and blue structure at $3350 would be expected.
2️⃣ Bearish
In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,500 - $2,600 demand zone.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETHERUEM → ETH is ready for an upwardhello everyone...
as you can see the coin hunted from both sides in this situation I am with the first hunted area so I am into the bullish trend for this coin.
on the other hand, the price touched the bottom line of the channel and is starting an upward movement from there and rejected the breaking idea.
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✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OMNI directional interest. Elliott Wave If you find this information inspiring/helpful, please consider a boost and follow!
Looking for these paths to play out for clarity to play off of.
Possible Elliott wave triangle here.
A break down and reclaim is a nice conservative move I am looking to play.
A break up impulsively, I would be watching for a retrace to play high.
The target for the triangle may vary. So agian, waiting for the price action to print down and signs of reversal.
HBAR - Ready For Another Impulse?Hello TradingView Family / Fellow Traders,
🚀After a massive 108% surge, HBAR rejected the $0.15 - $0.17 resistance zone and is currently in a correction phase.
HBAR is now approaching a strong demand zone marked in blue, so we expect the bulls to kick in soon, as long as the demand holds.
📈 For the bulls to take over again, we need a momentum candle close below above the last major high highlighted in red.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
🐶Floki(FLOKI)🐶 Fall by🌠Shooting Star🌠🏃♂️Floki(FLOKI) has managed to form a 🌠Shooting Star Candlestick Pattern🌠 near the Upper line of the Descending Channel and the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡.
🔔I expect Floki(FLOKI) to fall at least to the 🟢 Support zone 🟢 and lower line of the descending channel.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Floki Analyze ( FLOKIUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DOGE 4-5 SetupDOGE reached its peak in wave 3 in May 2021 and likely hit the bottom of wave 4 in June 2022. However, due to the ongoing corrective downtrend, a reset in wave 4 might occur. The overall expectation is for an upcoming upward movement in wave 5. It is recommended to gradually enter positions at support levels and exit at resistance areas.
Altcoin's Market StatusThe total value of all altcoins has reached a low level and its support range on a daily timeframe, which often indicates a good time to buy. This could be an opportunity to invest before their value increases. This is just a guideline and not at all an entry signal. Be sure to do the necessary research before buying and do not forget about risk and capital management.
PEPE - DOWNTREND, another DUMP coming 📢📢 PEPE-USDT📢
PEPE has seen an amazing bull cycle, increasing 800% parabolically over a few week. It's safe to say that just from this fact, a bear market is up next and we can already see the sins of an early bear market starting.
Our highly accurate technical indicator is showing that the bullish phase is long over, flashing a "SELL" signal a few candles back:
When we start to trade UNDER the green trendline, the price turns bearish and the trendline will now become red. For now, at least, it seems as though altseason may be over.
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BINANCE:PEPEUSDT
OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red.
Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline.
Moreover, it is retesting a strong support zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
analysis of TOTAL3 (altcoins index)Update #analysis of TOTAL3 (altcoins index) time 4H
In the previous analysis, we expected this index to suffer and we see that the price has reacted to the specified resistance level and is suffering.
It is expected that this index will enter an upward trend from the specified price floor, and you must keep an eye on the evolutions.
And it seems that now is the best time to buy and hold at least for a while
Avalanche in 2024: Boom or Bust? Examining Analyst Predictions The cryptocurrency space is a whirlwind of predictions, with influencers and analysts vying for attention with bold claims about the future of various digital assets. One such case is Crypto Archie, a popular Twitter personality who recently made a bullish prediction for Avalanche (AVAX), a gaming-centric cryptocurrency. With AVAX experiencing a significant rise this year, the question remains: is Avalanche poised for an "explosion" in 2024?
Avalanche's 2024 Trajectory: A Look at the Numbers
Crypto Archie's prediction certainly piques investor interest. Avalanche has indeed made impressive strides in 2024, boasting a 158% year-to-date (YTD). This growth is a testament to the increasing adoption and potential of the Avalanche ecosystem.
However, recent price fluctuations paint a slightly different picture. Trading around $35 at the time of writing, Avalanche seems to be experiencing a period of uncertainty. The Relative Strength Index (RSI), a technical indicator used to gauge market momentum, currently sits around 52. This suggests a balanced market, with no clear indication of overselling or overbuying. This neutrality could be interpreted as a sign of consolidation before a potential breakout, but it also reflects investor hesitation.
Technical Support and Resistance: A Range-Bound AVAX?
Currently, Avalanche seems to be tethered between $30 and $34. This relatively narrow range indicates potential price fluctuations within these boundaries in the near future. While this might not align with Crypto Archie's vision of an "explosion," it doesn't necessarily negate the possibility of future growth.
Beyond Predictions: The Strength of Avalanche's Technology
While analyst predictions and price movements are important factors, they shouldn't be the sole basis for investment decisions. A crucial element to consider is the underlying technology powering the cryptocurrency. Avalanche boasts a unique architecture designed for scalability and speed, addressing some of the limitations plaguing older blockchains like Ethereum.
Avalanche's platform allows for the creation of subnets, essentially customized blockchains for specific applications. This caters particularly to the gaming industry, where fast transaction speeds and scalability are paramount. Additionally, Avalanche's security relies on a Proof-of-Stake (PoS) consensus mechanism, which is considered more energy-efficient compared to Proof-of-Work (PoW) used by Bitcoin.
These technological advantages position Avalanche as a strong contender in the burgeoning blockchain-powered gaming space. Increased adoption from game developers and players could fuel future price growth for AVAX.
Investing in Avalanche: A Calculated Approach
While Crypto Archie's prediction injects optimism, it's essential to approach cryptocurrency investments with a healthy dose of skepticism. The market is inherently volatile, and unforeseen events can significantly impact prices.
Conducting thorough research beyond analyst predictions is crucial. Understanding the technology behind Avalanche, the competitive landscape, and the overall market trends is essential. Additionally, investors should consider their risk tolerance and develop a well-defined investment strategy before committing any capital.
Avalanche in 2024: A Promising Future Built on Technology
Whether Avalanche experiences an "explosion" in 2024 remains to be seen. However, its robust technology, focus on the booming gaming sector, and existing community support create a compelling case for its long-term potential. While short-term price movements may be uncertain, Avalanche's fundamentals offer a solid foundation for future growth.
For investors, careful research, understanding individual risk tolerance, and building a balanced portfolio remain key to navigating the ever-evolving cryptocurrency landscape.
🚀 Catch the Classic Rise: ETCUSD Long Trade Alert! 🚀Hello, Traders! Looking to spice up your portfolio with a flavor of classic gains? Let's break down why Ethereum Classic (ETCUSD) is gearing up for a notable uptrend and why you might not want to miss out!
Current Summary for ETCUSD
Currently, there's no direct news about Ethereum Classic, but we can contextualize its position in the broader crypto market. Recent significant crypto transactions involve a whale depositing a substantial amount of ETH into Binance. This action signals potential volatility or strategic positioning in the market, which indirectly affects all related cryptocurrencies, including ETC.
For example, a whale deposited 11,550 ETH into Binance, worth about $37 million. This move might suggest a preparation for price movement or a strategic shift in holdings. Such large-scale activities often impact market sentiment and can lead to price fluctuations across the board, including for Ethereum Classic. 🐋
Although these activities primarily involve Ethereum, they reflect general market behaviors that could influence Ethereum Classic, given their shared blockchain heritage and investor base.
Why Go Long on ETCUSD?
Ethereum Classic's transaction value in USD recently dipped to a noteworthy low of $523.06. Why care? Historically, such lows have been the catapults for upward price trends. This isn't just a hunch — data dives deep!
Big Data Insights 📊:
On-chain metrics have shown a pattern — when certain metrics fall, ETC tends to bounce back stronger, much like a phoenix rising from its ashes. Here’s the scoop:
Transaction Value USD : Below $1150.6
Puell Multiple : Below 1.3 (52-day change below -0.1)
Total Fees in USD : Below $70
Each time these conditions were met historically, ETCUSD saw a median price increase of 24.19% over the following three months. We've crunched numbers from 11 similar past events, showing an impressive 85% of those periods ended in price surges. 💹
Price Projections:
1 Week : $27.4473 📈
2 Weeks : $27.9672 📈
1 Month : $30.4003 📈
3 Months : $33.7996 📈
6 Months : $36.3007 📈
Trade Strategy:
Take Profit: $34.7601
Stop Loss: $24.605
🌟 Why Follow This Trade?
It's backed by consistent historical data, promising a high accuracy and attractive risk-reward ratio. This isn’t just trading—it’s trading with the wisdom of the crowd, refined through big data!
Let's ride the wave of historical momentum with Ethereum Classic. Are you in? Drop a comment, share your views, or toss a like if you're ready to catch the classic rise! 🌊🏄