SHIBUSDT Is Approaching The Down TrendHey Traders, in today's trading session we are monitoring SHIBUSDT for a selling opportunity around 0.00001870 zone, SHIBUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.00001870 support and resistance area.
Trade safe, Joe.
Altcoin
ALTCOIN BULLRUN UPDATE | IS BULLMARKET OVER OR NOT YET STARTED?What if I say the bull run hasn't started yet? It was just a Bitcoin run. Altcoin bull run (2024-25) will start very soon!
Retail is now panicked because they think bull market is over! Market will only continue to go down. That's what they think before the real bull run starts.
ETH is the king of ALT coins. Both the 2016-17 & 2020-21 ALT bull run started right after ETH (btc-pair) bottom and BTC-DOM top was made.
Bull run is not over! Check the chart, It hasn't started yet. The great altcoin bullrun (2024-25) is still to come🌚
Why we maybe about to see ALTS revived....A Surprising structure
This is the OTHERS.DOMINANCE chart on \ MONTHLY scale.
Altcoins Dominance — Index Chart - TradingView
Crypto Total Market Cap Excluding Top 10 Dominance, %. OTHERS.D Crypto Market Capitalization. OTHERS.D
I have marked the Bitcoin Halvings and ATH also as a marker and we have a number of very interesting things to note.
Lets start at the beginning.
ALTS first came into being in 2011 with Namrecoin and Litecoin. This is how we manage to have the OTHERS.D before Ethereum was created in 2015. Many think ETH was first, it was not.
We shold pay attention to the Gashed horizontal line going across the chart. PA rose above this in early 2017 and has remained above it ever since. In fact, this line has acted as support 3 times previously and is currently acting as support to the PA Right now.
This cold lead to the ALT recovery we need right now.
BUT, also take note of the day Spans of A - B and Aa - Bb
Span A is from the BTC ATH to the next Low on the OTHERS.D PA, From that Low, see how it rose Through the BTC HALVING ( dotted yellow line) - This is span B.
See how it Dropped down to the line of support and then Rose and created an ALT Season
Now Look at Span Aa from the Nov 2021 BTC ATH. We have a VERY similar day count to when OTHERS.D returned to the line of sippport, where it once again, bounced up and begins the Span of Bb.
But this time, when BTC Halving came in, OTHERS.D PA has Dropped sharply, earlier than last time. This is very likely to be because of BTC.D and the Long Term Holding, Buying of Bitcoin for ETF's and the Sentiment.
So the real question now, is will OTHERS.D PA Bounce as previously or will support fail
And for that, we have to wait and see.
It is worth noting that ALTS is a massive market and while the Dominance maybe falling, we can still see some ALTS like Solana Race to the top with 1000% Gains.
This chart is a Long Term Gauge of where the marklet goes and it should also be nothed that Bitcoin has reached ATH while this PA also rises.
Token name from you, Analysis with me(6/22/2024)Hi everyone, I hope you have a great weekend.
Last week, this type of post was well received; as I said, I will share a post for your Altcoin analysis request , where you write the Project name and Token symbol in the comment section, and I will then share the token analysis with you.
Please pay attention to the conditions.
For example , write Bitcoin(BTC) in the comment.
Project name : Bitcoin
Token symbol : BTC
A maximum of 20 tokens will be analyzed for you.
Each follower, please register only 1 analysis request in the comment section.
Your token analysis will be shared below your comment .
I hope you are always healthy first and then rich.
Please do not forget the ✅' like(More energy for me) '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ZRO to hero or zero?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
As long as it can keep flipping these levels into support, if it gives an impusle down, looking for these levels to play as resistance.
3.12 would be an ideal hold if it retraces.
3.42 area is the next level to beat from here.
Trade Safe!
Trade Clarity!
ETH, ran out of breath?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ETH update 🧵
It looks like it moved down and bounced out of the area,
MLT for a W5 as a possible impulse.
Watching these 3 paths for some clarity.
A completed impulse down here doesn't spell ATH.
But A break of
3653 and 3759 would have me reconsider.
#Elliottwave #PriceAction
LayerZero(ZRO) is Ready to Go UPLayerZero(ZRO) has been listed on various exchanges for less than 3 days, and it has been trending downward due to the Airdrop that LayerZero(ZRO) had.
What is LayerZero(ZRO)!?
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner.
From the point of view of Classical Technical Analysis , LayerZero(ZRO) seems to have created two Reversal patterns : an I nverse Head-and-Shoulders Pattern and a Falling Wedge Pattern .
I expect LayerZero(ZRO) to rise at least until the next Resistance zone($3.67_$3.50) after breaking the Neckline and Resistance zone($3.17_$3.08) .
Note: An important point you should always remember is capital management and lack of greed.
LayerZero Analyze (ZROUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GameStop(GME) is Ready for Correction==>-80%Today, I came back with the GameStop(GME) project. I don't know if you were able to profit from the previous analysis because the GameStop(GME) project has made more than ➕800% profit .
But today I want to say that we have to wait for correction .
GameStop(GME) has succeeded in breaking the Resistance zone . But the probability of break is fake ( bull trap ).
According to the theory of Elliott waves , the GameStop(GME) has succeeded in completing its 5 impulse waves , and we should wait for corrective waves .
Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
I expect the GameStop(GME) to correct around ➖80% after coming below the Resistance zone.
Note: An important point you should always remember is capital management and lack of greed.
GameStop Analyze (GMEUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
KCS - Strong Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 KCS has been overall bearish , trading within the falling channel in blue.
However, KCS is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong support - the lower bound of its range.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #KCS approaches the blue circle 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
zkSync(ZK) will Drop at least -10%The airdrop of the zkSync(ZK) project was done less than 3 days ago.
The ZK token, which was recently airdropped by zkSync, saw a massive sell-off. Almost half of the original recipients sold their entire token allocation, causing the price of this token to fall by more than -30% within a day. Despite complaints about unfair distribution, data shows that almost half a million wallets have received their share of tokens.
What is zkSync(ZK)!?
zkSync Era is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Our mission is not only to merely increase Ethereum's throughput, but to fully preserve its foundational values – freedom, self-sovereignty, decentralization – at scale.
---------------------------------------------
zkSync(ZK) succeeded in breaking the lower line of the Parallel Channel and Support zone($0.2170_$0.2100).
I expect zkSync(ZK) to drop at least -10% and continue to drop at least until the Support zone($0.1970_$0.1850).
Note: An important point you should always remember is capital management and lack of greed.
zkSync Analyze (ZKUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
When is it gonna happen?As we know BINANCE:CRVUSDT made all time LOW last week, but couldn't able to close a candle below old LOW which is at 0.34. Some might say BOS happened last week, but there are few things that I noticed and still considering LONG-FUTURES trade.
1. Multiple BOS happened since June 2022 somehow couldn't able to close a candle below.
2. MACD Divergence
3. Liquidity movement
4. Volume looking decent and increasing.
0.5 is a minor crucial zone which can decide either long or short. If BINANCE:CRVUSDT able to close a candle above 0.9 will be a huge confirmation to continuously go up even to make higher high in 1W TF.
What's next for altcoins ? TOTAL3 analysisAt present, the CRYPTOCAP:TOTAL3 , which excludes the Bitcoin and Ethereum Marketcap, is navigating through a critical phase. 'total3' has now come into contact with its short-term support level, a zone that has repeatedly demonstrated its strength and sturdiness, having successfully held up multiple times in the past.
This support zone is of paramount importance for the performance of alt-coins. In order for these alt-coins to see an uptick in their values, this support needs to prove its strength once again and hold firm. Moreover, the total market cap needs to experience a bounce back from its current position in the 600B zone. If these conditions are met, it could potentially lead to a significant price boost for the major alt-coins in the market.
However, there's always the possibility that this support fails to hold up. In such a scenario, the ensuing support is situated around the 500B mark, which is also a robust support level. Should the total market cap hit this support level, we can anticipate a bounce back. But it's crucial to note that if this support level is indeed tested, it could lead to a considerable number of alt-coins losing their value.
As of now, it remains to be seen which of these scenarios will play out. Personally, I am hoping for a rebound from the current support around the 600B mark, as it would bode well for the state of the market and the alt-coins in particular.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers,
GreenCrypto
SHIB - This Indicator says SELLSHIB has just flashed a dangerous "SELL" alert.
This indicator is highly accurate in higher timeframes, especially the weekly. Look at all the "SELL" signals and how far the price drops after:
From a trendline perspective, SHIB HAS to stay ABOVE the current support line (Fibonacci line 0.236). If it falls under, SHIBA will be at risk of falling to the dotted line, which is BEARISH.
In case you missed it, my take on Bitcoin for the SHORT TERM:
________________________
BINANCE:SHIBUSDT
🗺️Solana Roadmap🗺️📈Today, I want to analyze the Solana(SOL) project for you. Is it possible to create a New All-Time High(ATH) or not ❗️❓
🤝Please be with me.
❌Solana(SOL) was unsuccessful in the first Attack on the 🔴 Resistance zone($259.9-$196.40) 🔴 to create a new All-Time High(ATH) .
🌊In terms of Elliott wave theory, Solana(SOL) seems to have completed the main wave 3 at the Resistance zone and is currently completing the main wave 4 .
💡Before the result, let's look at the SOLBTC chart .
💡SOLBTC is moving near the Resistance line and Potential Reversal Zone(PRZ) . I expect SOLBTC to fall at least to the Support line , and if SOLUSDT is also bearish, the downward momentum can increase .👇
🔔I expect the main wave 4 to finish at the 🟡Potential Reversal Zone(PRZ)🟡 or 🟢 Support zone($82.00-$56.10) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ARB-USDT is ready to go UP!ARB cryptocurrency is in an uptrend structure and has now grabbed the liquidity of the structure's low.
Then if it make a confirmation like SCOB or 1H ChoCh then we could expect it go up to its structure's high at 2.406 dollar.
if it close below the 0.725 then this analysis will be faild.
Ton of resistance, Elliott wave analysisIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The level at 7.50 looks might strong.
With this current swift move down back below the level,
I am looking to HOW the price reacts to that level if it is reached again.
If it come to it in a corrective fashion, then I would suspect a rejection.
If it can get back above, then I would have to reconsider, based out what PA has printed.
The divergence adds to this.
Trade Safe!
Trade Clarity!
BTC HALVING - What will happen? Historically, Bitcoin halvings have been associated with price increases in the past.
Supply Reduction: Bitcoin halvings reduce the rate at which new Bitcoins are created, effectively reducing the supply. Historically, this reduction in supply has led to upward pressure on the price as demand remains relatively constant or increases.
Halving Anticipation: Many investors and traders anticipate Bitcoin halvings, and this anticipation can lead to increased interest and buying activity leading up to the event. The "buy the rumor, sell the news" phenomenon can contribute to price increases before the actual halving takes place.
Historical Patterns: In the past, Bitcoin has experienced price increases in the months leading up to and following a halving event. While this historical pattern doesn't guarantee future gains, some investors may use it as a basis for their investment decisions.
Not Dropped, Is it going to stop?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Could not break above the level identified, and it played as resistance before the drop.
With the sweep of the low, it could lead to lower lows.
I am keeping an eye on these levels, here and below the current PA, for support.
If it heads down to them, I will be watching for a reaction off of the levels in conjunction with other confluences.
If its going to turn up from here, the same levels could be key.
I would want to see a break above and a flip to support.
Trade Safe!
Trade Clarity!
Best Areas For MAX Profit!The two areas shown on the chart are the best areas to consider taking a long to maximize profits!
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.
CHAINLINK AT MAJOR SUPPORTWe have came down to a massive support level and I expect to see a reaction at this level leading to a bounce higher.
Lets see how this all plays out.
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.