DATA Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
DATA is in a bearish trend and close to its all-time low of $0.02010. It will likely reach a new all-time low if the decline continues.
A rebound can be expected from the lower support trendline at $0.0157. The RSI is close to the oversold zone, indicating a further downtrend followed by a potential rebound toward the resistance trendline.
Key levels:
- All-time low: $0.02010.
- Lower support: $0.0157.
- Accumulation range: $0.0157-$0.02010.
- Mid-term Target: 2x-3x gain.
- Long-term Target: 10x-15x.
DYOR, NFA.
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DATA
BTC Outlook For The Weeks Ahead!!!Hello Everyone,
I have decided to post free market idea's every week or so for free, so everyone can see what i see backed by REAL data.
As you can see using Liquidation Data, Net Long/Short Data, Levels/Zones and some other analysis, we can see where the market is likely to move. Especially as we move into halving in a months time.
We can see that there's likely liquidation events that are in correlation to the historical levels, open orders and there's really declining volume in the market right now.
My targets are $66,000 and $69,100 for the next push up to liquidate shorts, before heading back down to the first level of $60,000-$62,200 where there's our first zone, their is a possibility for this to hold through halving, but i see the $48,800 - $53,200 zone settling pre-halving or just after. It makes sense on all accounts for ETF's as they're still having net in-flows for the market eg. BTC, which means once prices drop more will be bought up quite quickly.
For the week ahead i am looking at 2x moves, Long to that $66,000 zone, Short to that first $60,000 zone.
There's USA GDP Growth Rate, Cpre PCE and Personal Income and Spending this week aswell which means there's likely that volatility.
If you like these free idea's. Please support us, we love giving out free scripts and ideas and there's alot more to come.
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Mxwll Capital Team
PALANTiR PLTR: $26.00 | 6 months of Accumulation is over and now the sitting begins for the Digital Fortress of the US of A
should be a nice ride towards $100 only for those who got volume ..
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this is the only stock i own...
unloaded UBER TWTTR at $30
unloaded FB at $30..
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time to sit tighter
#PVSL,17% stake held by FII,DII, above 270 udega?#Popular vehicles & services Ltd(PVSL), CMP 263, company is engaged in the business of automobile dealerships in India. They have dealrship with 3 brands Maruti suzuki, Honda cars, Jaguar land rover. They recently listed and what made me interested in this company is FII(7%), DII(10.26%) have 17% holding. Why are they holding such high stakes in a car dealership company? Maybe they can see something that normal investors can't.
Technical analysis tells me that a day close above 270 can open gates towards 1) 280 2) 291 3) 297 4) 305.8(imp level) 5) 321 6)332 7) 338 8) 346(imp level). Once 346 is crossed I will put sl at 320 and try to ride the trend till 387.
Keep eyes open
S&P 500: All-Time Highs and Potential DeclineS&P 500 (SPX)
Technical Analysis
The S&P 500 (SPX) has continued its bullish trend as anticipated the previous week, successfully reaching the projected target of 5450. However, it now appears poised for a potential decline.
This Week's Outlook:
The price is likely to experience a strong bearish correction as long as it trades below 5450, potentially reaching 5310 and 5260. However, the SPX is expected to consolidate between 5450 and 5260.
Bullish Scenario:
To initiate a new bullish trend, the price must close at least a 4-hour candle above 5450, targeting 5485. Sustained stability above 5450 would be required to confirm a bullish move towards 5550.
Bearish Scenario:
As long as the price remains below 5450, it is expected to drop towards 5345 and 5310. A further decline could see the price reaching 5260.
Key Levels:
- Pivot Line: 5450
- Resistance Levels: 5484, 5525, 5550
- Support Levels: 5372, 5320, 5261
Weekly Expected Trading Range:
The anticipated movement range for this week is between the resistance at 5460 and the support at 5260.
In summary, maintaining a position below 5450 suggests a bearish outlook with lower support targets in focus. Conversely, closing above 5450 could indicate a bullish reversal, aiming for higher resistance levels.
Our Previous Weekly Idea:
Fundamental Analysis::
Market Analysis: S&P 500 at All-Time Highs Amid Overbought Conditions
Overbought Conditions Aren't a Sell Signal:
A low VIX indicates an overbought condition, but it does not serve as a sell signal.
Bullish Momentum in the S&P 500:
The S&P 500 (SPX) is once again at all-time highs, with bullish momentum accelerating. Following a favorable interpretation of the consumer price index figures on Wednesday, the S&P 500 surged to new intraday and closing all-time highs.
Fed's Impact and Market Reaction:
Despite a somewhat lukewarm outcome from the Federal Reserve's FOMC meeting later that day, which triggered some sell programs, the overall buying momentum remained strong.
Positive Indicators Amid Overbought Conditions:
Our indicators have largely remained positive throughout this phase and continue to signal bullishness. However, overbought conditions are starting to appear, which is expected given the strength of the rally.
Trading Psychology: How to trade economic data.As traders, one of the biggest challenges we face is deciding what factors to consider when opening a trade: should we base ourselves on charts, news, macroeconomic data?
Many opt for a combination of all these elements, and although all traders go through the same stages, there are different routes to success. The problem with following the crowd is that you end up doing exactly what everyone else is doing.
The solution: forge your own path, with all the challenges this entails.
Most traders follow the news, analyze the data and then compare them with the charts to try to determine the best entry point. And as if that were not enough, they often seek the opinion of other online traders to confirm their decision. However, consulting the opinions of others can be counterproductive, as they can alter, for better or worse, any personal opinion about the analysis we are conducting.
We always tend to think that others know more than us and that if they think differently, it must be for some reason and that we will not be the ones who are right.
This is just another example of market psychology and the human tendency to always follow the crowd, regardless of whether it is right or not.
I believe that in order to make a living from trading, research must start with yourself, it is essential. And this is necessary to confirm or refute the information with which the market bombards us every minute.
You need very intense training and experience to make a living from trading.
How many traders trade intraday based on economic calendar data? How many really make money? It’s not worth it.
Aware of the multitude of traders who congregate around the platform at key times, market makers have all kinds of tricks. Their favorite; the sweep. Up, down and both sides at the same time.
Is a mental stop better? In my case, no. I don’t know how mentally strong you are, but the word says it all: mental-stop. When you expose yourself to letting the mind think, you are entering dangerous psychological terrain and it is very difficult, if you are losing, to close with discipline in each and every operation.
Notice that I say in each and every one, because with not respecting a single one and that the price does not return in that operation to the entry point, it will be your elimination as a trader.
Therefore, anything that can cause a loss is worth discarding.
Greed doesn’t let you, we know that with a data in favor of our position you can make a lot of money but if the data is contrary and also forms a gap, no one will save us. And let’s not talk about if you are leveraged. Being leveraged and having the position run against you is one of the hardest experiences a trader can have.
Seeing how your capital is destroyed at forced marches, how losses increase, how you are not able to close because you expect a recovery to do so is dramatic.
Realizing that first loss, which at first seemed big to you and now doesn’t seem so much. You would “kill” to lose only that.
Then, once you are losing a lot you will no longer be able to close. There comes a time when you assume it and let the losses run as far as they go. You have accepted it. You risk the account in the hope of recovering.
This means hours of waiting for the desired recovery. In addition, the market is very rogue. After the fall comes the rebound, usually up to half. You get the idea that it is going to recover completely and instead of closing you hold on to see if the moment comes when you no longer lose anything.
The market will make you believe that this is going to happen. You may even average (add more positions) so that the recovery is faster and by the way, if the price goes beyond where you have opened the first operation, you even come out with profits.
But, as I say, the market is very cruel and when you start to dream and have hope again, it turns around and falls with even more force if possible, crushing your account and destroying your morale.
The result we all know. If the account does not have enough capital to withstand the bleeding, margin call will “come to see us”. And if it does, it will take you days, weeks, months or even years to recover your capital, if you do. Days, weeks, months and even years without liquidity to do what you like the most, trading.
In view of this, stoploss, as well as avoiding any situation that makes you lose is more than justified.
#DATA/USDT#DATA
The price is moving in a bearish channel on the 4-hour frame and is adhering to it to a large extent
The price rebounded well from the green support area at the support level of 0.04700, which is a strong level
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold saturation on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 0.0500
The first target is 0.0575
The second target is 0.06260
The third goal is 0.07000
RNDR Long Set-UpA long here with the sessions vwap being the first TP and aiming for the daily level above (purple line) which was the last level relevant untested level before the recent sell off, seems like the best move.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
GRT: $15.65 | an open Library can that can get data FAST
fair Value is around 0.20 cents with float publicly distributed yet most of which is under the custody of a fund.. currently unloading on strength towards $0.40++ for next
banker to peddle the next cyle by the halving of BTC
it's an index protocol that organizes data for an efficient and quick .. SUPER FAST close to instant use of it
ideal for Ai machines that shall build good stuff that require HUUUUUGE data info etc..
think of this as a system to build applications at the speed of thought
the challenge is limitless close to imagination
good luck maybe soon PUBLIC shall see the beauty of this GRAPH
Aleph.im $Aleph.im #Aleph.imIMO Aleph.im is currently one of the most slept on projects that has made it through the last bear and still continues to build and has all the right narratives for this cycle. not only is it defi storage but they are also using A.I. and there are rumors of them doing some things in the RWA scene possibly later.
If you look at the mkt. caps of the other file/data storage projects that it competes with you'll see that it is still very cheap IMO.
I think that this can easily do a 10x in this cycle and i find it great for day trades and swing trades. It makes overly dramatic moves often and if you have conviction in your buying as well as the overall thesis it makes buying the FEAR easy and comes with great rewards often.
I've seen this thing do 40-120% gains in a day often and it just keeps paying me. The levels are clean and easy to trade. Even set limit orders for buying and selling and let it make you $ while you sleep and or are at work.
I think that it could easily be back into the 30-40 cents ranges over the next week and if we do get a sell-off in the overall markets ill be watching for new lows to buy myself.
GRT The Graph $Grt #Grt The Graph is a great project that not only survived the bear but also has continued to build during the bear as well as create more real-world partnerships and use cases.
Just 2 months ago in the start of March it hit $0.50 (50cents) and has since then suffered from a dramatic 60% correction that IMO was somewhat over done but i was grateful for another shot at buying lower to later sell higher. We have already had a nice bounce over the last couple weeks and i gain trimmed my position for profits/gains.
If BTC continues to see some more downward pressure this week we may also see some more downside again and go back and test the lows.
I'm personally already nibbling at this range and will continue to DCA all the way down and create a new larger bag again and take what the market gives me with intentions of selling in the next MAJOR pump we get and or true alts season if and when it comes.
I would be buying like CRAZY if we get enough drama to give us that lower range in the 13-16 cents areas.
In will be buying in a semi aggressive manner if we come back for a retest of this 20cents range, but I'm not quite sure we get that hence why I began nibbling here. Regardless I'm up on the play fir the cycle and can afford to take some risk with it overall.
In the bigger picture i think it's one of the better plays to get into a situation where you end up holding it longer term and or if you wanted to only buy projects that you can set it and forget it. I think they will continue to do well in this cycle as well as make it through the next bear and be fine in the following cycle.
Copper overboughtCopper has been in an uptrend since february 2024.
Price is currently outside Bollinger bands (50 period).
Some of the reasons copper has been rising is near term demand and shortages, some articles pointing out to data center demand for copper for the AI boom.
With Nvidia, intc, amd and other tech stocks showing weakness in last week, my opinion is that it might be a good time to look for shorts in copper, with tight stops.
NOIA continue uptrendLets continue to our journey to $25. It will be a mixed TA/Fundamental analysis
Some words about marketing. When you hire a marketing "superstar" with huge background from traditional markets this doesn't mean results will be good, actually its the opposite, average marketing firm specialized in crypto would do a lot more and with less budget.
After NOIA marketing team was restructured , mistakes considered, strategy changed things went way better.
After retrace to fib -0.18 we saw a strong push to high resistance level of 0.271-0.307 . After we approached this zone there was a strong and most important concentrated attack by KOL's on twitter and we have eaten this zone easily. Well done marketing team!
Also i am happy with the work of our Market Maker. They "painting" the chart respecting all resistance/demand zones, drawing flags and other patterns as from classical TA book!
Marketing team, professional designer work, MM effort, fundamentals delivery all is working together ass "Swiss watch" mechanism! And all this aligned with ongoing bull run in crypto space.
Next resistance zone is starting from 0.51 ( hi oldies ;) ) and goes to 0.55