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APE: Approaching SupportApe Coin (APE) technical analysis: Trade setup : Trends are improving, although price still needs to break above 200-day moving average (~$1.81) to confirm an Uptrend. But if it does, it could revisit $2.00 or even $2.50 thereafter. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1.50 (previous resistance), then $1.00. The nearest Resistance Zone is $2.00, then $2.50.
Long
by altFINS
ALGO: Pullback in UptrendAlgorand (ALGO) technical analysis: Trade setup : Price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. So far it has been rejected at $0.15 resistance. We wait for price to either 1) break above $0.15 to signal continuation of uptrend with upside potential to $0.18 near-term, or 2) pull back near $0.12 support (200-day MA) for a swing entry in Uptrend with upside potential back to $0.14. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.11 (previous resistance), then $0.09. The nearest Resistance Zone is $0.15, then $0.18.
Long
by altFINS
LINK/USDT Ready for Bullish Rally?👀🚀 LINK Analysis💎 Paradisers, gear up for a promising trading opportunity with LINKUSDT. The asset is currently showing significant activity within the demand zone, suggesting a potential move towards an upward trend. 💎 ChainLink has been diligently following a trading channel pattern. Its recent breakout above this pattern suggests a likely rise to a resistance level, before a prompt pullback, aligning with its established trading behavior. 💎 There's a strong chance of a bullish trend starting from the support level at approximately $14.29. Having effectively broken out of the trading channel in an upward direction, LINK is setting its sights on resistance levels around $16.61. 💎 Precise timing is key for astute Paradisers. Identifying the best entry points during this upward phase is essential, and it's wise to exercise caution to avoid buying at the peak of the trend. 💎 Stay alert, as there is also a risk of LINK falling below the support level of $12.86. A breach below this vital point may cast doubt on the potential for a sustained upward trajectory.
Long
by MyCryptoParadise_Simon
3
DOGE: Approaching ResistanceDogeCoin (DOGE) technical analysis: Trade setup : Following a bullish breakout from Descending Triangle, price broke above 200-day moving average, which confirmed an Uptrend. Price also briefly broke above $0.08 resistance where it got rejected in August but has pulled back on some profit taking. Now we wait for price to either 1) break above $0.08 again to signal continuation of uptrend, with upside to $0.10, or 2) pull back near $0.07 support for a swing entry in Uptrend with upside potential back to $0.08. Fibonacci retracement levels are $0.075 (38.20%) and $0.0725 (50%). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.070 (previous resistance), then $0.060. The nearest Resistance Zone is $0.08, then $0.10.
Long
by altFINS
BNB: Approaching SupportBinance (BNB) technical analysis: Trade setup : Trends are improving. Following a bullish breakout from Sideways Channel, price reached our target of $260, where it got rejected again, just as it did in July. Swing Traders: Pullback near $220 support area could be an attractive swing trade entry, with upside back to $260 near-term. That $220 level was previously a resistance area, which was broken and turned into support area (concept known as polarity). Trend Traders: Price needs to break above 200-day moving average (~$242) and $260 resistance zone to confirm Uptrend. If it does, it could revisit $300 next. (set a price alert). Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $220 (previous resistance), then $200. The nearest Resistance Zone is $260, then $300.
Long
by altFINS
BCH: Rising Wedge BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bearish breakout from a Rising Wedge pattern, could lead to a pullback to $200 support area (and 200-day moving average) in the near-term, which could be an attractive swing trade entry, with upside potential back to $250. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
Long
by altFINS
1
PHA Ready for a Bull Rally? 👀🚀 PHA Analysis Today 💎 Yello, Paradisers! prepare for an exciting trading opportunity with PHAUSDT. Currently, it's showing significant activity in the demand zone, hinting at a potential shift to an upward trend. 💎 PhalaNetwork has been consistently following a trading channel pattern. It has already broken above this channel once, and we expect it to approach a resistance level before likely retracting, consistent with its channel behavior. 💎 There's a notable probability of a bullish trend initiating from the support level around $0.0950. With PHA having successfully broken out of the trading channel upwards, it's now set to target resistance levels around $0.12. 💎 Timing is crucial for discerning Paradisers. Pinpointing the optimal entry points during this upward movement is essential. It's advisable to avoid buying at the peak of this trend. 💎 Exercise caution, as there's also a possibility of PHA dropping below the $0.0950 support level. A decline past this essential point might lead to doubts about the longevity of the upward trend.
Long
by MyCryptoParadise_Simon
BAKE/USDT Likely to Go for a Bull Run? BAKE Analysis Today💎Yello, Paradisers! brace yourselves for an exhilarating period with BAKEUSDT as it undergoes a pivotal shift from resistance to support, indicating a strong chance of embarking on a bullish trend. 💎For the last few days, BAKE has shown a consistent pattern of breaking free from its descending channel, leading to an upward trend. Currently, it has impressively breached the resistance level at $0.1426. 💎This breakthrough, along with its robust standing above the EMA100, hints at a potentially bullish development, awaiting further confirmation upon retest. 💎Conversely, if BakeryToken fails to maintain its upward momentum and falls below the support during this retest phase, we could anticipate a bullish strategy emerging from the demand level at $0.1426. 💎Nonetheless, a drop beneath this key demand level might lead to a substantial decline to the lower specified level.
Long
by MyCryptoParadise_Simon
PNT/USDT Ready for an Explosive Journey? PNT Analysis Today 💎Yello, Paradisers! PNTUSDT is poised within a demand zone, presenting a robust opportunity for a bullish breakout. 💎Tracking its historical performance, PNTUSDT has shown a tendency to rally after engaging with its support zone. It's currently well-placed within a demand zone, which could foreshadow a successful breach of the supply level at 0.1941, potentially ushering in a climb toward higher resistance tiers. 💎However, if the market sentiment shifts, pNetwork might retreat to its support level to gather strength for another bullish charge. 💎A descent below the support level may lead to a significant downturn of PNT. While newcomers to the market might be eyeing long positions now, astute traders will keep a close watch on market trends to make well-informed trading decisions.
PLong
by MyCryptoParadise_Simon
TRX/USDT Ready for an Explosive Journey? 👀🚀TRX Analysis💎Yello, Paradisers! brace yourselves for an exciting trading prospect with TRXUSDT. Currently, the asset is displaying substantial activity in the demand zone, hinting at a likely upward trend shift. 💎Tron has been consistently adhering to a trading channel pattern. Its breakout above this channel recently indicates a potential ascent towards a resistance level, followed by an expected quick retraction, consistent with its typical trading behavior. 💎There's a notable probability of a bullish movement commencing from the support level around $0.098. With TRX having successfully emerged from the trading channel upwards, it's now eyeing resistance levels near $0.12. 💎Effective timing is crucial for savvy Paradisers. It's important to identify the optimal entry points during this upward movement, and it's advisable to be cautious about entering at the peak of the trend. 💎Exercise caution, as there's a possibility of TRX dropping below the support level of $0.094. A fall beneath this crucial mark could lead to questions regarding the continuation of the upward trend.
Long
by MyCryptoParadise_Simon
2
SNX: Pullback in UptrendTrade setup : Bullish breakout from Channel Down pattern and above $2.27 (200-day moving average) confirmed bullish trend reversal to Uptrend. Price has reached and got rejected 3x at $3.75 resistance and pulled back, which could be an opportunity to get on the Uptrend. The nearest horizontal support areas are $3.40 and $3.00, which also line up with 23.60% and 38.20% Fibonacci Retracement Levels. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $3.40 (previous resistance), then $3.00. The nearest Resistance Zone is $3.75, then $4.40.
Long
by altFINS
XRP: Pullback in UptrendRipple (XRP) technical analysis: Trade setup : Bullish breakout from Ascending Triangle pattern and above 200-day moving average signaled resumption of an Uptrend. Price spiked up as high as $0.73 but got very overbought (RSI > 85!) and pulled back on some profit taking. This pullback near $0.55 support and 200-day MA could be a swing entry opportunity in an Uptrend with upside to $0.92. That’s the peak from July’s runup. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.55 (previous resistance), then $0.45. The nearest Resistance Zone is $0.68, then $0.92.
Long
by altFINS
DOGE: Approaching ResistanceDogeCoin (DOGE) technical analysis: Trade setup : Following a bullish breakout from Descending Triangle, price broke above 200-day moving average, which confirmed an Uptrend. Price also briefly broke above $0.08 resistance where it got rejected in August but has pulled back on some profit taking. Now we wait for price to either 1) break above $0.08 again to signal continuation of uptrend, with upside to $0.10, or 2) pull back near $0.07 support for a swing entry in Uptrend with upside potential back to $0.08. Fibonacci retracement levels are $0.075 (38.20%) and $0.0725 (50%). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.070 (previous resistance), then $0.060. The nearest Resistance Zone is $0.08, then $0.10.
Long
by altFINS
LDO: Resistance BreakoutTrade setup : Price broke above 200-day moving average, which confirmed a bullish reversal to an Uptrend. It appears to have finally broken above $2.50 resistance, where it got rejected in May, June and July. It’s a stiff resistance area, which makes this breakout even more significant. Price could revisit $2,80 near-term, or even $3.00. Lido (LDO) is the largest DeFi platform and a leading ETH liquid staking platform (see our on-chain analytics and research report) . Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $2.00 (previous support), then $1.60. The nearest Resistance Zone is $2.50, which it broke, then $2.80.
Long
by altFINS
XRP has Broken Out of Descending Channel |👀🚀 What 's Next?💎 Paradisers, prepare for a captivating trading prospect with XRPUSDT. The asset is currently exhibiting significant activity within the demand zone, indicating a potential shift towards an upward trend. 💎 Ripple has been meticulously following a descending channel. It has previously broken above this channel, and we anticipate a move towards a resistance level, followed by a quick pullback, consistent with its typical channel behavior. 💎 There's a strong likelihood of a bullish movement initiating from the support level around $0.5742. With XRP having effectively broken out of the trading channel upwards, a resistance target near $0.9500 is within sights. 💎 Timing is crucial for astute Paradisers. Identifying the most favorable entry points during this upward trend is key. It's advisable to be cautious and avoid buying at the peak of the movement. 💎 Stay alert, as there's a possibility of XRP falling below the support level of $0.471. A drop beneath this crucial point might cast doubts on the sustainability of the upward trend.
Long
by MyCryptoParadise_Simon
UNI: Resistance BreakoutUniswap (UNI) technical analysis: Trade setup: Bullish breakout from Channel Down pattern was followed by a break above 200-day moving average ($5.00), which confirmed a bullish trend reversal to an Uptrend. Now the price is retesting that breakout level. Upside potential to $6.50 near-term, and if broken, price could revisit $7.50 thereafter. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions. Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance: Nearest Support Zone is $4.75 (previous resistance), then $4.00. The Nearest Resistance Zone is $5.50, which it broke, then $6.50.
Long
by altFINS
ETC/USDT Next Potential Move |🚀👀 Bullish or Bearish?💎 Paradisers, gear up for a promising trading opportunity with ETCUSDT. It's showing significant activity in the demand zone, which might signal a shift towards an upward trend. 💎 Ethereum Classic has been consistently following a trading channel pattern. Having already broken above this channel, we expect it to move towards a resistance level, followed by a prompt pullback, maintaining its established pattern. 💎 There's a high probability of a bullish trend initiating from the support level at around $16.79. With ETC having effectively exited the trading channel upwards, it's poised to challenge resistance levels near $26. 💎 Precise timing is crucial for the discerning Paradisers. Pinpointing the optimal entry points during this rising phase is essential, and it's advisable to avoid entering at the peak of the movement. 💎 Caution is warranted, as there's a possibility of ETC falling below the $16.79 support level. A drop below this pivotal mark might lead to doubts about the potential for a sustained upward trend.
Long
by MyCryptoParadise_Simon
AVAX: Pullback in UptrendAvalanche (AVAX) technical analysis: Trade setup : Price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure). Now we wait for price to find support for a swing trade entry in Uptrend. How far could it pull back? Nearest support levels are $18.30 and $16.00, which also lines up with Fibonacci Retracement levels of $18.60 (38.20%) and $16.70 (50%). We believe that $16.00-$16.70 looks like a more robust support area. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $18.3 (previous resistance), then $16.0. The nearest Resistance Zone is $22.0, then $26.0.
Long
by altFINS
MEME/USDT Potential for Bullish Rally? 👀🚀MEME Analysis 💎 Paradisers, brace yourselves for an intriguing trading opportunity with MEMEUSDT. The asset is currently showing notable activity in the demand zone, suggesting a shift towards an upward trajectory may be underway. 💎 MemeCoin has been following a trading channel pattern with precision. It has breached this channel upwards before, and we expect it to head towards a resistance level, then likely pull back quickly, in line with its historical channel pattern. 💎 There's a considerable chance of a bullish trend beginning from the support level at approximately $0.0235. Now that MEME has successfully broken out of the trading channel in an upward direction, we're looking at a potential resistance target around $0.040. 💎 Timeliness is key for savvy Paradisers. Pinpointing the most advantageous entry points during this upward trend is crucial. It's important to avoid entering at the peak of this movement. 💎 However, remain vigilant, as there is also a risk of MEME dropping below the support level of $0.0208. A decline below this pivotal point could lead to uncertainties regarding the continuation of the upward trend.
Long
by MyCryptoParadise_Simon
1
SKL/USDT Trading Outlook: Bullish Prospects in the Demand Zone💎 Paradisers, turn your attention to SKLUSDT, which is currently showcasing an intriguing pattern in a demand zone, indicating a strong potential for a bullish movement. 💎 Historically, Skale has demonstrated a tendency to break away from its descending trendline, leading to upward trends. With its current position in a demand zone, the likelihood of a bullish trajectory appears to be quite robust. 💎 The initial goal in this bullish scenario is to break through the supply level at .3513. Successfully surpassing this hurdle could open the door to challenging a significant supply level situated higher up. 💎 Conversely, if SKLUSDT falters in maintaining its upward trajectory, a tactical bullish approach from the .2671 demand level may be the prudent move. However, a drop below this critical point could set off a substantial bearish shift. Stay sharp and strategic in your trading decisions, Paradisers. Your ParadiseTeam is here to guide you through these market developments.
Long
by MyCryptoParadise_Simon
2
MKR Ready for an Explosive Bull Run? 🚀👀 MKR Analysis💎 Yello, Paradisers! gear up for an exciting trading opportunity with MKRUSDT. It's recently broken out of a descending channel, suggesting a potential move towards an upward trend. 💎 MKR has consistently followed a descending channel pattern. With its recent break above this channel, it's likely to move towards a resistance level before potentially retracting, adhering to its established pattern. 💎 There's a considerable chance of a bullish trend starting from the support level around $1400. MKR is now poised to target resistance levels in the vicinity of $1460. 💎 Timing is crucial for sharp Paradisers. Carefully determining the most favorable entry points during this upward move is essential. It's advisable to avoid entering at the peak of the trend. 💎 Exercise caution, as there's a risk of MKR falling below the $1380 support level. A drop below this key point could put the continuation of the upward trend in doubt.
Long
by MyCryptoParadise_Simon