Fantom 600% Potential in Long TermElliott Wave Pattern:
The chart shows a complete Elliott Wave pattern with the sequence 1-2-3-4-5 followed by an ABC correction. Currently, FTM is in the initial phase of the third wave of the new cycle, which signals the potential for significant upside ahead.
Fibonacci Retracement Level:
FTM has tested the 0.382 Fibonacci retracement level several times as strong support. This provides an indication that the price is likely to respect this technical level, which is usually a positive sign for potential further upside.
Moving Average:
The 21-week Exponential Moving Average (EMA) shows an uptrend. When price is above this EMA, it usually indicates bullish momentum.
Price Target:
The price target projection using Fibonacci extensions suggests that the price could reach around $5.55 in the anticipated wave 3 phase. This provides interesting upside potential from the current level of around $0.82.
Sentiment and Fundamental Analysis:
Based on the latest analysis and predictions, the Fantom project has growth potential supported by the adoption of new technologies and collaborations in the DeFi and dApps ecosystem.
Layer1
Manta ReversalThe main trend shows a sharp decline from a high of around $3.50 to a low of around $1.40 before the price begins to consolidate and a new pattern forms. There is a strong resistance area around $1.78 to $1.90 (blue area). Price has tried to break this level several times but is still stuck.
Price Movement :
Falling Wedge: There is a falling wedge pattern that has broken upwards, which is generally considered a bullish pattern. This pattern provides an indication that the price has the potential to rise further. Right now, Manta has succesful breakout of falling wedge and forming ascending triangle as a continuation pattern. The price is around the EMA 21, which indicates consolidation and potential further directional movement.
There appears to be a Fair Value Gap (FVG) in the area of around $2.00 to $2.40. If the price manages to break through the current resistance, the next target will likely be to fill this gap.
Profit Target
TP 1: Around $2.10, based on measurements from the falling wedge breakout
TP 2: Around $2.40, the upper area of the Fair Value Gap (FVG).
Stop Loss: Around $1.66 or slightly below the 21 EMA to reduce risk, around $1.65
DOT READY TO BOOM AFTER A PULLBACK!!
#Polkadot it failing to flip the local resistance into support. We have a monthly POC and the 0.618 fib level below to hold as support. If we can get a bounce there, I would expect PA to push higher to try and flip the blue box into support next!
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SOL - Massive Demand Ahead 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 After rejecting the $200 round number, SOL has been bearish as a correction phase.
🏹 The $100 - $115 range is a massive demand zone to look for buy setups and capture the next bullish impulse movement.
📚 As per my trading style:
As #SOL nears the demand 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
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
(IOTX) iotex; blockchain - layer 1 IoTeX blockchain imagined Elliott Wave pattern; end of run? Time for a continuation? I tend to lean on the side of Elliott Waves need to be much larger in timeframe than people tend to--. I think this could be right but then again I don't have the money to move markets like some people, groups, and infrastructure do, so this is still speculation.
ROSEUSDT OUTLOOKThe $0.088-$0.092 range is a very good entry area, but this price depends on Bitcoin Price Action (BTC). If BTC drops to $59,500 before halving, there is a possibility that
ROSEUSDT
will reach the $0.063-$0.075 area. However, if BTC does not drop, then the $0.088-$0.92 price is a good entry point.
Here are some factors to consider:
1. BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow.
2. Volume: Look for increased volume on MANTA. This could indicate that buyers are entering the market.
This is not Financial Advise!. It is important to do your own research before making any trading decisions.
STELLAR (XLM) LUMENS Stellar (XLM) is still in the red zone of trading. COINBASE:XLMUSD
Why is there no interest in the project of layer 1 blockchain Stellar XLM.
Moves like Tron but not Chinese. What's not to like--? Except for the fact there is little to no interest in trading Stellar now or before.
BITCOIN BTC MARCH 13teenth 2024A quick view on the BTC chart going forward with added lines to view some ranges for price and possible future breaks or lops; 77777 looks like the price target to beat and break through based on this conjecture as taken from the 'Lark' on the tree branch and expanded using fueled theory by late. The Ideas of March.
Long SUISUI has a nice Cup and Handle pattern forming here with little volume resistance on the upside and strong volume support on the underside. Provided BTC continues it’s lead upward, alts should continue to move. Entry is 1.60 with an SL of 1.37. Target before re-evaluation will be that C&H neckline at around 1.97.
AVAX Bullish Price Action!Long opportunity here on AVAX . Falling wedge which is a bullish pattern. Price has reclaimed the .786 & POC. Target is 14% away.
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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SUI SUPPORT BROKEN BEARISH BEARISH BEARISH !?!Rising wedge has failed it's support.
Correction to the downside seems like the most probably outcome.
I EXPECT LOWER PRICES IN THE SHORT-TERM! LONG-TERM STILL BULLISH!
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.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
ETH - Patience Is Paying Off⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
In accordance with my previous analysis, ETH broke above the 2420 structure and traded higher to reach our target at 2670.
📈 The bulls will remain in control as long as the 2670 holds, and our next target would be the upper bound of the blue wedge pattern and 2950 - 3000 resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#SOL/USDT 1h (OKX Futures) Rising wedge breakdown and retestSolana lost 50MA and is pulling back to that resistance, seems likely to head towards 200MA support next.
⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 4.8%
Current Price:
99.17
Entry Targets:
1) 101.77
Take-Profit Targets:
1) 93.28
Stop Targets:
1) 106.02
Published By: @Zblaba
CRYPTOCAP:SOL OKX:SOLUSDT.P #Solana #SPL #PoS #L1 solana.com
Risk/Reward= 1:2.0
Expected Profit= +41.7%
Possible Loss= -20.9%
Estimated Gaintime= 2-4 days
#AMB/BTC 2D (KuCoin) Descending channel breakout and retestAir DAO (f.k.a. Ambrosus) has been moving inside a big wedge and bounced back on oversold territory, forming a morning star.
Volume has not kicked in yet but once it does, looks like it will head towards 200MA resistance.
⚡️⚡️ #AMB/BTC ⚡️⚡️
Exchanges: KuCoin
Signal Type: Regular (Long)
Amount: 3.0%
Current Price:
0.0000001743
Entry Targets:
1) 0.0000001718
Take-Profit Targets:
1) 0.0000003992
Stop Targets:
1) 0.0000001149
Published By: @Zblaba
MIL:AMB KUCOIN:AMBBTC #AirDAO #Ambrosus #L1 airdao.io
Risk/Reward= 1:4.0
Expected Profit= +132.4%
Possible Loss= -33.1%
Estimated Gaintime= 2-4 months
#SOL/USDT 8h (ByBit) Ascending wedge breakout and retestSolana just printed a gravestone doji star which may have marked the local top after such rise.
RSI got rejected on overbought territory as well, finally looks like it could correct towards 50MA.
⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 4.8%
Current Price:
92.835
Entry Targets:
1) 94.926
Take-Profit Targets:
1) 79.273
Stop Targets:
1) 102.772
Published By: @Zblaba
CRYPTOCAP:SOL BYBIT:SOLUSDT.P #Solana solana.com
Risk/Reward= 1:2.0
Expected Profit= +82.4%
Possible Loss= -41.3%
Estimated Gaintime= 5-10 days
Aptos ($APT) Spectacular Growth of 200% for the Last Month
Aptos also recently hit a new high by testing the $10.95 mark. The asset has grown 200% over the last 2.5 months. Observing AMEX:APT chart reveals a notable level of correlation. This is due to both cryptocurrency networks being built on the Move programming language and sharing similar audiences.
AMEX:APT 's continued growth is the most likely outcome. In this scenario, APT might break through the $10.55-$10.95 resistance zone and test a new high, potentially at $11.5.
In the event of a correction, Aptos could retest the buyer's level at $9.25 and might also test the support zone of $8.5-$8.9. The upward trend for the asset is expected to persist as long as BTC maintains trading above the critical and psychological zone of $40,000.
Aptos ($APT) Continues Growth
APT continues to exhibit positive growth. It increased by 32% in December 2023, reaching a local high of $9.2. Currently, the coin is trading in a sideways range, with support at $8.00 and resistance at $8.75-$9.20.
If BTC maintains above $40,000, APT's growth is likely to persist. The next major target for buyers would be the psychologically significant $10 mark. Beyond this point, APT's growth could accelerate, considering its prolonged absence from these price levels, potentially rendering current resistance levels obsolete.
In a downturn scenario, APT might fall to the $7.30-$7.62 range or even test the $7 level. It's important to note that private APT investors recently unlocked a significant number of coins bought at $2-$3. Consequently, any correction in the Aptos market could exert downward pressure on its price due to the increased supply.
Sui Joins DeFi Leaders, Topping $100M in Bridged USDCOnly 7 months from the network’s launch, Sui is bridging more USDC liquidity than multiple native chains
Sui, the groundbreaking Layer 1 blockchain created by the technology experts who led Meta’s Diem blockchain initiative and created the Move smart contract language, continues its explosive ascent in decentralized finance (DeFi). This week, it surpassed $100 million in bridged USDC.
This latest data confirms Sui’s position among the ranks of the top DeFi protocols worldwide and builds upon its most recent milestone of surpassing $175 million in Total Value Locked (TVL). The Sui Network now consistently ranks within the top 25 blockchains for daily transaction volume and within the top 15 blockchains by weekly volume.
“Surpassing $100 million in bridged stablecoins represents yet another significant moment for Sui in DeFi, and is a clear illustration of the remarkable success of the Sui community’s efforts to build a versatile and accessible ecosystem,” said Greg Siourounis, Managing Director of the Sui Foundation. “Coupled with the Network’s recent surge in TVL, as well as performance measurements that show Sui operating at the forefront of Web3 technology, this milestone positions Sui as a force driving the next generation of DeFi.”
The network’s decentralized ecosystem and independent builders are fueling that growth, with seven projects standing at over $10 million in TVL and 11 projects exceeding the $2 million mark.
In another strategic move to fortify the security and reliability of its ecosystem, Sui last week announced an ecosystem investment with leading Web3 security firms OtterSec and Zellic — providing essential access for independent ecosystem projects to high-end auditing services and setting builders on Sui on a path to success.
Likewise, November alone saw $500,000 in a fresh round of Sui Grants issued to projects building on the Network. These grants are dedicated to project teams poised to advance the adoption of Sui and its growing DeFi ecosystem.
ADA PREPING FOR A 6% MOVE UP!ADA has had a slow move up and is now rangebound in a beautiful bull-flag pattern. When looking at the bull-flag, we can see that the price seems to want to move higher. If in fact it does begin to move higher and breakout, the next major resistance would be the range highs around 41 cents.
Lets stay patient and see if we will get a breakout which would mean an opportunity to long!
i]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.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.