DOGE - THIS INDICATOR could call the TOP/BOTTOM📉Hi Traders, Investors and Speculators of Charts📈
Bitcoin is undoubtedly on it's way to making a new ATH, and we're starting to see decent rallies across the altcoin market... finally.
But a challenge during this phase of the bullish cycle is to determine pullback zones.. Where could the correction end up? I have recently discovered an indicator that works especially well on lower timeframes to assist with identifying potential large demand zones based on wicks.
It's a great tool; make sure you check it out!
Check out yesterday's post about Altseason 2024:
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CryptoCheck
BINANCE:DOGEUSD
Altcoin
EOS (EOS/USDT): Buy the dip with Target around 3.10EOS is a blockchain-based, fully decentralized network that enables the development, hosting, and execution of commercial-scale decentralized applications. EOS supports all of the core functionality required to allow businesses and individuals to create these dApps in a way that is nearly identical to how traditional web applications are created. EOS has the ability to provide secure access and authentication, data hosting, usage management, permissioning, and communication between dApps and the internet. Some even compare the way EOS operates to Google’s Play Store or Apple’s App Store.
🔴 How Does EOS Work?
EOS is designed to resemble the performance of a real computer, with even the software itself using some familiar computing concepts. As an example, there are three types of resources that power the EOS blockchain:
✔ Bandwidth – responsible for relaying information across the network.
✔ Computation (CPU) – the actual processing power needed to run a dApp.
✔ State Storage (RAM) – stores data on the blockchain that can be referenced instantly.
🔴 What Makes EOS Unique?
EOS is a unique crypto project as it encompasses several important characteristics, such as:
✔ Scalability – one of the biggest problems of cryptocurrencies is balancing decentralization and scalability. Due to its Delegated Proof of Stake (DPoS) consensus mechanism, the EOS ecosystem has the ability to process around 1 million transactions per second. The EOS project achieves such a high throughput by utilizing parallel processing.
✔ Flexibility – unlike Ethereum, which can potentially be a victim of DAO attacks, EOS has created a solution for this problem. The platform can halt the node that processes such a transaction, and gets back to processing new transactions only after this problem is resolved.
✔ Decentralization – while Ethereum has often been referred to as the decentralized supercomputer, the EOS platform could be considered a decentralized operating system.
EOS’s value is derived from its ability to act as a platform for smart contracts and dApp creation. This feature makes it one of the few platforms that can be considered a “full package deal”. On top of that, its token economy and structure allow its users to actively be a part of the decision-making process, which is a feature many in the blockchain space appreciate.
There are currently a bit over 950 million EOS tokens in circulation out of the 1,027,411,229 total tokens available.
It should be noted that there is no limit to how many tokens can be minted, with new tokens being released in circulation each time a new block is created. The number of total EOS in circulation can be increased by 5% each year.
📈 Technical Analysis
From a technical point of view, the trend is still bearish on daily and weekly charts, but at the same time we think that a Crypto Accumulation Strategy ("Buy the Dip") could be interesting in mid-long term. As we can see on daily chart, the potential target is very ambitious, but we're sure that sooner or later it will be reached!
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Get Ready for ALTSEASON 2024🥳📈📉Hi Traders, Investors and Speculators of Charts📈
Bitcoin is undoubtedly on it's way to making a new ATH. But one question is on everyone's mind... wen altseason ?
Parabolic rallies often occur across the altcoin market after a steep increase on BTC and when BTC trades sideways and loses dominance (BTC.D). I'm not going to go into too much detail here, as I've already covered the rotation between BTC and Altcoins in another post here:
I also called the start of a new bullish cycle here:
And then went on to call a few alts early to watch for then coming bull cycle:
ARE YOU PREPARED FOR ALTSEASON 2024?
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CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D COINBASE:BTCUSD BINANCE:BTCUSDT
Dogecoin Surges in Volume, Breaking Resistance: What's Next?Dogecoin (DOGE), the beloved meme-inspired cryptocurrency, has recently made headlines with a significant surge in trading volume. This surge has propelled it above the current uptrend resistance level from its recent lows, marking a potentially bullish turn of events for the quirky coin.
Breaking Out of the Channel
The recent uptick in trading activity has seen Dogecoin break out of its established channel, a move that has caught the attention of traders and analysts alike. Breaking free from this channel suggests a departure from previous price trends and opens the door to new possibilities for Dogecoin's price action.
The Bull Pennant Formation
As Dogecoin charts its course following the surge in volume, all eyes are now on the formation of a potential bull pennant. A bull pennant, characterized by a period of consolidation within a triangle pattern, could signify a period of temporary stability before another potential price breakout.
Potential Scenarios
While the current setup for Dogecoin appears promising, it's essential to consider potential outcomes. If Dogecoin successfully forms a tight bull pennant within the drawn triangle on the chart, it could signal further bullish momentum. However, failure to create this pennant, coupled with support failure, may lead to a retest of the 10 - 11 cents range, where uptrend major support lies.
Looking for Buying Opportunities
For traders and investors, a retest of the 10 - 11 cents range could present a significant buying opportunity. This level not only represents a critical support level within the current uptrend but also aligns with historical price action, making it an attractive entry point for those bullish on Dogecoin's prospects.
Cautious Optimism
While the recent surge in volume and breakout from the uptrend resistance level are encouraging signs for Dogecoin, it's essential to maintain a level of caution. Dogecoin is still trading under major resistance levels, and it's premature to assume the beginning of a full-fledged bull run.
Conclusion
Dogecoin's recent surge in volume and breakout from the uptrend resistance level have captured the attention of the crypto community. With the potential formation of a bull pennant and critical support levels to watch, the stage is set for an intriguing chapter in Dogecoin's journey. Traders and investors should remain vigilant, keeping a close eye on price developments and potential buying opportunities as the story of Dogecoin continues to unfold.
Trade Opportunity - MOON COINMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
QUICK will have have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action , it reminds me of how many other coins set up in the last Bull market before it went parabolic and of course similar to AERO and other ALTs that just mooned
Please watch the video for more information
have a great weekend
Flare FlrFLR Bullish. After reaching the target I think it will slowly go up to new ATH by forming new bullish flags one after another.
What is Flare (FLR)?
Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.
ADA Elliot Wave Count: Wave 5 almost in!!!!!-ADA is in the Process of printing a high time frame (HTF) wave 1 (W1)
-medium time frame (MTF) is in the final stages of printing its W5
-The 1-1 targets for price and time have both been broken. The next target is the 1.618, which is $1 by march 18.
-On the LTF in order to reach $1 we would need to see a 5th wave extension to the 3-1 fib in time and price.
-Price is currently interacting here with the 1.618.
Additional TA
-untapped monthly open/close + Log 0.618 at $1.14
-monthly naked point of control at $0.96
-Log 0.5 at $0.84 and 0.236 at $0.90
Put it all together and these are the targets
Pepe: Bull Run Price Target ($0.000059)Overview
Pepe is one of those speculative assets that I treat like a first date. I go in with the hopes that it could be an absolute winner but my expectations are that it will be a bust. Because of this I couldn't invest too heavily in the up and coming meme coin but I could invest just enough that if I lost it, I wouldn't be bothered. But if it becomes a winner then my insignificant investment just became a significant gain.
Let's crunch price targets. There's not many technical indicators that I feel are reliable enough to go off of so I am solely using Fibonacci retracement levels and theoretical market caps. As the anticipated crypto bull run begins to warm up, it's a good practice to begin setting price targets so that when the market cools again all of those gains don't get flushed down the drain. With any bull run, especially in the crypto market, it's not a matter of IF but WHEN the rally will end.
At a token price of $0.000011375 the market cap would be a measly $4.7B which is practically nothing to an established cryptocurrency. This price level reflects the 2.618 Fibonacci retracement level. Further climbs would need to be supported by significant volume but let's continue forward as if those requirements have been met.
At a market cap of $25B, the Pepe token value would be $0.000059 which is a whopping 1,375% gain. In crypto, this isn't unheard of. While I'd like to keep running numbers with growing market caps, I don't want to feed into FOMO which is extremely present during rallies so I will leave the cap at a $25B ceiling. This means that a theoretical investment of $100 at today's value ($0.0000040) would be worth $1,475 if Pepe can maintain its steam to the $25B market cap.
As I said before, I treat Pepe like a first date. I don't invest too much into it but just enough that I maintain the opportunity of being pleasantly surprised.
RNDRBullish continuation for RNDR. We can squeeze another 40% to 50% out of this.
This is more risky trade, it rose a lot already, but people are still very interested in it. DYOR
What is RNDR?
RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.
Make Way for ADAADA/USD on the daily chart.
Price flipped a rising resistance to support.
Price has retraced to the .5 fib level.
This coincides with an oversold trend in the RSI.
Price has smashed through simple moving averages.
SMA's sloping upward.
Targets overhead in purple based on fib extensions.
Risk:Reward: 1:9
NFA, do your own DD
Novice here.
DEVVE Awaiting breakout to double digitsDevve, a layer 1 blockchain with 8m tps focused on ESG just launched and currently sits at a 15M market cap. It has has a French license and perfectly fits the institutional cycle we're in. Check their official website for more info.
Breakout is near with testnet launch in March. Already above downwards sloping resistance. A break of $1.50 would lead us towards ATH, which after retest would lead us towards $10. Current supply is only 20M coins.
If you read this during Feb/March 2024, you're early.
FilecoinFIL Looks very good. Ready for a move up for at least 80%. We do not have resistance up-to 16.5$ so it looks like we can go to those levels or even slightly above. that would be aver 100% gains.
I take profits starting 70% to 110% except there will be no signs of strength left. then taking all at ~80%
What Is Filecoin (FIL)?
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.
TSX:FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services.
The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.
NEAR ProtocolNear protocol has a lot of Bullish patterns, indicators.
My take profits start with 45% to 100%.
Inverted double H&S showcasing we should get a strong and a fast move up.
What Is NEAR Protocol (NEAR)?
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”
Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.
BIGTIMEBigtime might gives us some nice gains soon. Personally I'm already slowly buying this but still there should be a retest. Starting to slowly unload it after 170% up.
Market cap
$200 Mill
About Big Time
Big Time is a multiplayer action RPG for PC that melds a fast-combat system with an open game economy where players have an active role in generating and exchanging game items. Their approach is to make Web3 elements invisible to players, so they don't represent an obstacle to entertainment and cater to a broader audience.