Aave into ApexAave has moved into newly appeared weekly 200ma
This beautiful structure we refer to as an apex setup. While first test may need a bit of support.. the technical setup looks great for aave to eventually breakout above this apex and run very nicely.
Aave fundamentally is obviously performing incredibly well relative to the space. As eth experience influx of money from larger entities like blackrock.. theres a good chance Aaves presence and protocol will become much more well known and respected.
Perhaps mitigate with other chain competitors
If other chains like solana surge again which seems quite likely.. then lending platforms there can offer quite a bit of competition esp for retail users. May be best to look for good entries into competitors there like Kamino.
Altcoins
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.
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Killed the impulse up. Doesn't feel natural to label the larger X as such due to the separation of correctives, but it's this or C of running flat.
Either way, the paths lead the same direction.
Impulse up with a corrective to LOI...of interest.
Trade Safe,
Trade Clarity.
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.
ETH/USDT: High-Volume Breakout, Downside Risk -19.34%?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:ETHUSDT
In the H4 timeframe, the price stubbornly stays below the EMA100, reinforcing the strong bearish trend we've been watching . A rising wedge pattern had formed, but recently, the price took a dive, breaking out of that pattern with high trading volume—never a good sign for the bulls. Adding fuel to the fire, the MACD has made a bearish crossover, with the MACD line slipping below the signal line, signaling that the downward momentum is picking up steam.
With all these technical indicators lining up, we’re eyeing a potential continuation of this downward journey toward Target Area 1 at 2,252.90 or even Target Area 2 at 2,073.77. However, bulls might find some hope if the price manages to break above the resistance level at 2,855.96.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
CHEAP ShitcoinzIf you believe in the Crypto 4 year cycle
Here is a thread of cheap altcoins in USD terms, that have good technical patterns or sitting on previous support zones from which prices have rallied before.
There are no guarantees only probabilities.
Your capital is at HUGE risk gambling on S coins.
With that being said.
Let's kick it off with LOOM network.
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.
XRP - SHORT to 45cBINANCE:XRPUSDT
It seems like we in the drop I predicted a few days ago (find here👇):
I really just watched the rotation between Bitcoin, Alts and Bitcoin dominance which gave me a good idea of where we are in the cycle compared to the previous years. See also👇:
Naturally, alts will fall harder than BTC and there will be a few shorting opportunities across the market right now.
____________________________
We are in the most critical period for altcoins.There is a gap and pins that can be filled in the middle term.
There is also a nice falling wedge can be break up any time. Above 0.5 is bullish for me.
I showed other important levels on the chart.
A possible new downtrend wave would be a good buying opportunity for me.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
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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!
Phemex Analysis 19: PT _ Poised for the Next Move?After reaching an all-time high (ATH) of $1.377 on July 15th, PHEMEX:PTUSDT.P price declined along with the broader crypto market to a low of $0.942. However, PT rebounded by 32% during August, reaching $1.249. Currently, the price is trading between $1.10 and $1.20.
This post will analyze Phemex Token (PT) key support and resistance levels and discuss potential price scenarios for the coming days.
Key Support and Resistance Levels
Intermediate Support: $1.088. This support has been tested previously and has proven its resilience in holding the price.
Strong Support: $1.0 and $0.92. The $1.0 level is a psychological support that many long-term PT believers may choose to enter at.
Resistance: $1.25 and $1.366. If the price breaks through $1.366, it could subsequently challenge the ATH of $1.377.
Possible Scenarios
Continued Consolidation: Given the current consolidation phase in the overall market, this is the most likely scenario. The price might create a higher low above $1.088 before entering a consolidation period. This could present a good opportunity to buy PT at a discounted price.
Continued Decline: If the price drops below $1.088 with high volume, there is a possibility of further price declines. Investors could consider buying the dip at the $1.0 and $0.92 support levels.
Breakout Rise: Alternatively, if the price breaks through $1.25 with high volume, there is a possibility of a price rise leading to a new ATH. Consider entering the market before it's too late.
By understanding these key levels and potential scenarios, we can make more informed decisions about our PT investments.
Note: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like Multiple Watchlists, Basket orders, and Real-time Adjustments to Strategy orders. Our USDT-based Scaled ordersgive you precise control over your risk, while Iceberg orders provide stealthy execution. Join Phemex today and unlock your trading potential.
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.
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.
VeChain: Still Some RoomVET experienced a setback last week within our blue Target Zone (between $0.0292 and $0.0179). This development aligns with our primary expectation, as we still grant the blue wave (ii) scope down to the lower edge of the zone. As soon as the low has been established, the price should turn around and be carried above the resistance at $0.055 by the same-colored wave (iii). However, the minimum technical requirement for the low has already been met. Should the coin break through the $0.033 level directly (35% likely), we will already see it in the blue wave alt. (iii).
Phemex Analysis 18: RARE's Next Move - Bullish or Bearish?PHEMEX:RAREUSDT.P recently experienced a meteoric rise, surging 300% in just three days. However, market sentiment quickly turned bearish, leading to a 54% price decline from its all-time high (ATH).
Given this volatility, many traders are wondering what to expect next. Will RARE's price continue to drop, or could a reversal be imminent? Is now a good time to buy low, or should we consider shorting?
To answer these questions, let's explore key support and resistance levels for RARE, and a few potential scenarios:
Support and Resistance Levels
Strong Support: $0.095, the level that marked the beginning of the recent parabolic rally. A break below this level could signal a more significant downtrend.
Intermediate Support: $0.135. A retest of this level could provide a buying opportunity, but a break below it would weaken the bullish case.
Resistance Levels: $0.172 and $0.19. These levels represent potential barriers to a sustained uptrend. A break above these levels would be bullish.
Potential Scenarios
Continued Decline: If RARE's price continues to fall, support levels at $0.135 and $0.095 may be crucial. The $0.095 level is particularly significant as it marked the beginning of the 300% rally. While buying the dip at these support levels might offer opportunities, it's essential to manage risk by avoiding over-allocation.
Quick Rebound: Although less likely, a rapid price increase cannot be ruled out. If RARE's price surges, resistance levels at $0.172 and $0.19 could act as barriers. Short-term traders might consider going long during such a rally, aiming to profit from the subsequent pullback.
Consolidation: Before another significant rally, RARE may need a period of consolidation to accumulate buying power. This could occur after a pullback to resistance levels or a decline to support levels. Patience is key in this scenario; wait for price action to confirm either scenario 1 or 2 before gradually accumulating positions.
By carefully considering these factors and potential scenarios, you can make more informed decisions about your RARE investment.
Note: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like Multiple Watchlists, Basket orders, and Real-time Adjustments to Strategy orders. Our USDT-based Scaled ordersgive you precise control over your risk, while Iceberg orders provide stealthy execution. Join Phemex today and unlock your trading potential.
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.
Altcoin Season Cancelled? Cardano Faces 30%+ CrashHonestly, most altcoins are stuck in a bearish rut. We haven’t seen any of them making new highs instead, they're hitting fresh lows. BINANCE:ADAUSDT is no exception, staying stubbornly below the EMA200 line. So, the talk of an alt season? We’re not buying it. Let’s zoom in on Cardano and see what’s really going on.
On the daily chart, Cardano is digging in below the EMA200 line and the bearish trendline, reinforcing the strong bearish trend. A rising wedge pattern had formed, but instead of breaking out, it got hit with a series of heavy bearish candlesticks. And just to keep things interesting, the MACD has thrown in a bearish crossover for good measure.
Recently, Cardano took a nosedive, breaking out of the rising wedge with a surge in trading volume, not exactly what the bulls were hoping for. To add insult to injury, the MACD line slipped below the signal line, signaling that the bears were tightening their grip.
With all these bearish signals lining up, we’re eyeing a possible slide toward Target Area 1 at 0.2506 or even a deeper dip to Target Area 2 at 0.2197. These targets are mapped out using the Fibonacci ratios of 1.272 and 1.618.
However, there might be some hope for the bulls if the price breaks above the resistance level at 0.3815.
Disclaimer: "This analysis is purely for educational purposes and shouldn’t be taken as a recommendation to go long or short on Cardano."
If you’re enjoying the ride, hit that rocket button, share your thoughts in the comments, and keep the conversation going!
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:
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BINANCE:ATOMUSDT
SUI Diamond Pattern Formation will Break to Downside (SHORT)I am Seeing a price crash and "V-Shape" recovery in the cards for the SUI price chart. Diamond pattern formation will break to the downside for a measured move down to the 1.618 fib extension. Fed emergency rate cut will reverse the markets back upwards into the US Elections.
Lower buy target @ or around 0.272
Can 128% be soon?Cardano (ADA) is one of my favourite coins which I choose to invest in. This is trade (investment) setup on larger timeframe. If you never bought ADA before it is still not late. I am not looking to reach targets 2,3,4 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 hopefully on Target 4.
Entry Zone: 0.50 – 0.57
Buy Zone 1: 0.30 – 0.37
Buy Zone 2: 0.13 – 0.16
Target 1: 1.33 – 1.44 (128%)
Target 2: 2.83 – 2.93 (390%)
Target 3: 4.35 – 4.89 (651%)
Target 4: 5.73 – 5.84 (891%)
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!