Community ideas
Bitcoin DominanceMaximum suffering is nearing completion for #alts
While the major correction that occurred in #Bitcoin recently will cause a major upward phase for CRYPTOCAP:BTC.D , it will also be left behind as a healthy RETEST for the supply zone lost on a monthly basis and the rising wedge.
CRYPTOCAP:BTC dominance confirms retest for retracement on monthly basis heikin ashi candles!
updateI'm sorry, wave counting is a very difficult task and technical analysis is generally associated with mistakes.
The detection of wave 4 was wrong. We were at the end of wave 2. We are forming wave 3. Moving to the yellow box.
We are at the beginning of wave 5. Movement up to 10 dollars is available.
ADAUSDT: Trend in daily time frameThe condition of Cardano (ADA) coin is very sensitive and in case of further correction of Bitcoin and reaching the retest area, this condition and trend can be considered for Cardano.
Anyway, the color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
Be careful
BEST
MT
$TOMA Token Dipped Nearly 100% Hours After Lunching: What Next?Hours after its much-anticipated launch on exchanges like Bitget, Gate.io, and MEXC, the PSECZ:TOMA coin experienced a dramatic dip of 99.6%, raising questions about its sustainability and the broader health of the Telegram-based Play-to-Earn (P2E) ecosystem. Despite the steep decline, opportunities for recovery and user engagement remain, especially through ongoing events like Bitget's Launchpool.
Understanding the PSECZ:TOMA Token and Ecosystem
About PSECZ:TOMA
PSECZ:TOMA is the native token of Tomarket, an on-chain asset trading platform built within the Telegram ecosystem. It allows users to play games, earn tokens, and trade seamlessly. Backed by investments from Bitget Wallet and Foresight X, Tomarket aims to onboard Web2 users into Web3, boasting over 50 million users globally.
Recent Developments
Despite its ambitions, PSECZ:TOMA faced criticism from the community post-launch due to:
- Token Allocation Concerns: Early adopters reported dissatisfaction with allocations, claiming that gas and membership fees far exceeded token value.
- Total Supply Issues: The token's supply of 1 trillion raised eyebrows, with many seeing it as a potential cause of the price collapse.
Opportunities Amid the Chaos
One silver lining is Bitget’s Launchpool event, which allows users to lock BGB and PSECZ:TOMA to share a reward pool of 40,000,000 PSECZ:TOMA tokens. This initiative provides a chance for users to recover losses and potentially maximize returns.
Market Performance and Technical Analysis
PSECZ:TOMA is down 96.76%, trading at $0.00002201 on Gate.io under the TOMA/USDT pair. The absence of tracking on major aggregators like CoinMarketCap or CoinGecko exacerbates uncertainty around its valuation.
Technical Outlook
- Oversold Conditions: The token's massive drop suggests it is heavily oversold, potentially creating a buy zone for speculative traders.
- Market Sentiment: Holder dissatisfaction has fueled negative sentiment, but the ongoing bloodbath across crypto markets—with Bitcoin down 6% to $94,000—also plays a role.
Fundamental Outlook
The Telegram-based P2E ecosystem, which PSECZ:TOMA represents, has seen declining traction. Recent projects have underperformed, casting doubt on the ecosystem’s viability.
The Bigger Picture: Is the Telegram Ecosystem Fading?
The PSECZ:TOMA debacle is not isolated. Many Telegram-based tokens have struggled post-launch, failing to deliver on promises. The once-thriving ecosystem now faces skepticism, with critics dubbing many projects as "premium dust."
However, history shows that dramatic dips can precede sharp recoveries. If PSECZ:TOMA follows the trajectory of other tokens like HMaster Kombat, it may yet stage a comeback.
What’s Next for PSECZ:TOMA ?
The immediate future hinges on several factors:
1. Community Trust: Addressing allocation concerns and improving communication with holders will be crucial.
2. Utility Development: Enhancing the token’s use cases within the Tomarket ecosystem can help restore faith.
3. Market Conditions: Broader market recovery, particularly Bitcoin stabilization, will also influence PSECZ:TOMA ’s performance.
Conclusion
PSECZ:TOMA ’s launch has been tumultuous, marked by a near-total price collapse and widespread dissatisfaction. Yet, opportunities for recovery remain, especially through ongoing staking events and the potential for market stabilization. Whether PSECZ:TOMA can overcome its rocky start and reignite interest in the Telegram P2E ecosystem remains to be seen.
For now, the crypto world watches closely, with hopes pinned on a potential rebound.
Technical Analysis (TA) and GEX for IWM for Dec. 20Market Overview
IWM has been experiencing a significant downturn over the past week, reflecting broad market weakness. The ETF is attempting to stabilize after hitting critical support levels. Gamma Exposure (GEX) analysis highlights key resistance and support areas, providing insights for potential market movements.
Gamma Exposure (GEX) Analysis
* Current Gamma Profile:
* HVL (Highest Volume Level): $220, acting as a key pivot point.
* Major Resistance:
* $223: High GEX indicates strong call wall resistance; price may struggle to break this level without significant volume.
* $235: Secondary resistance aligning with historical price rejection levels.
* Major Support:
* $218: Immediate GEX support; a breakdown below this could lead to further declines.
* $215: Strong put wall and critical support, where buyers are likely to step in.
* Implied Volatility (IV):
* IV is trending lower, indicating that market participants expect reduced volatility ahead. This could signal consolidation after recent sell-offs.
Technical Analysis
1-Hour Chart Insights:
* Trend: Short-term recovery within a broader downtrend.
* IWM is showing signs of breaking out of a descending channel, indicating a potential reversal if confirmed by volume and momentum.
* Key Levels:
* Resistance:
* $223: Major hurdle; breaking above this would signal a bullish continuation.
* $226: Secondary resistance aligned with the 50 EMA.
* Support:
* $218: Immediate support from GEX.
* $215: Critical support; failure here could lead to a retest of lower levels.
* Indicators:
* MACD:
* Bullish crossover, suggesting increasing momentum for a short-term rebound.
* EMA (9 & 21):
* Price is attempting to reclaim the 9 EMA; sustained movement above both EMAs would confirm a trend reversal.
Trade Scenarios
Bullish Scenario:
* Entry: Above $220 with strong volume confirmation.
* Targets:
* First Target: $223 (GEX resistance).
* Second Target: $226 (EMA alignment).
* Stop-Loss: Below $218.
Bearish Scenario:
* Entry: Below $218 with increasing sell volume.
* Targets:
* First Target: $215 (put wall support).
* Second Target: $212 (lower GEX support).
* Stop-Loss: Above $220.
Key Takeaways
1. Consolidation Phase: IWM appears to be consolidating, with a bias toward a short-term recovery. Gamma levels are tightly aligned, indicating a range-bound market unless a breakout occurs.
2. Momentum Indicators: Bullish MACD crossover and an attempt to reclaim EMAs suggest potential for a short-term rally.
3. Critical Levels: Traders should monitor $223 for bullish confirmation and $218 for bearish signals.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and risk management before trading.
ETHUSD: Demand Zone Holding Strong – Bulls Taking Control!Demand Zone Confirmed:
The $3,000–$3,100 level has proven to be a solid support , as buyers stepped in aggressively to absorb selling pressure.
The sharp rebound reinforces this area as a critical foundation for further upside.
Targets in Focus:
Target 1: $3,500 – A major resistance zone and logical next stop for this rally.
Target 2: $4,000 – A psychological level and key high from earlier this month.
Risk-Reward:
Entry: $3,250 (current level).
Stop Loss: $2,950 (below the demand zone).
Target 1: $3,500 (8% upside).
Target 2: $4,000 (23% upside).
Technical Momentum:
The recent bounce suggests growing bullish momentum as ETHUSD recovers from oversold conditions.
A breakout above $3,350 would confirm a move toward $3,500 and beyond.
Market Sentiment:
Broader crypto markets are entering a relief rally, and Ethereum remains one of the strongest assets with robust fundamentals.
Daily Analysis of GBP to USD – Issue 174The analyst believes that the price of { GBPUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
EURAUD: Bearish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the downward direction.
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