🚩TRX can Go Down By Bearish Pennant Pattern🚩🏃♂️ TRX is moving in the 🔴 Heavy Resistance zone($0.150-$0.122) 🔴 and Ascending Channel .
📈Also, TRX has managed to form two Classic Patterns ; the first pattern is the Rising Wedge Pattern , and the second pattern is the Bearish Pennant Pattern .
🔔Currently, TRX has managed to break the bottom line of the Rising Wedge Pattern, and I expect TRX to continue its decline , at least to the lower line of the ascending channel .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
TRON Analyze ( TRXUSDT), 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.
Altcoin
ETH Elliiott wave out look. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ETH Roadmap bullish variant.
It's been a month. 🧵
Timing for the wave 4 of this variant on track.
Important things are W2 count reliant.
Alternation, Geo, and fibs.
So keeping an eye on alt counts as well.
Below 3k where 🤨
🔔Ethena(ENA) Is Ready to Go Down🔔📈Today, I want to analyze the Ethena(ENA) project . Ethena(ENA) started to increase after the news " Ethena Labs' USDe Increases Rewards to Users by 50% ". Now we want to see if Ethena(ENA) continues to increase or not ❗️❓
📚 What is the Ethena(ENA)❗️❓
🔸 Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument — the 'Internet Bond'.
✅ Ethena(ENA) has responded well to the 🟡 Potential Reversal Zone(PRZ) 🟡, and is starting to fall.
💡Also, Regular Divergence(RD-) can be seen between two successive peaks .
🌊According to Elliott's wave theory, Etna seems to have completed the main wave B with a Zigzag(ABC/5-3-5) .
💡Let's look at the ENABTC chart for a better final decision .
🔔 ENABTC has reacted well to the 🔴 Resistance zone 🔴, and I expect ENABTC to go down to at least the support line most likely to be broken.👇
🔔I expect Ethena(ENA) to continue falling to the 🟢 Support zone($1.08-$1.04) 🟢 after breaking the Support lines .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethena Analyze ( ENAUSDT), 1-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.
ADA : BIG NEWS for Cardano 👀👇📉Hi Traders, Investors and Speculators of Charts📈
In recent news we've just learnt that Cardano is being considered to assist in the upcoming voting processes!
Multiple US states are exploring the potential of leveraging Cardano for enhancing election transparency through the integration of blockchain tech into the voting process. Now this does not necessarily mean that ADA coin will be involved, but it does speak to the confidence in the Cardano blockchain.
This fits in well with the chart technical analysis, where we can see that the bullish news is just in time for a new bullish cycle.
According to the CEO of the Cardano Foundation, some US states have reached out to discuss the development of a blockchain-powered voting system. One of the biggest concerns surrounding elections is election fraud, and blockchain provides the perfect solution.
The aim is to conduct elections with increased transparency.
It is high time that we use the power and possibilities of blockchain. For voting purposes, a lightweight blockchain solution will enhance the transparency and accountability of the voting processes.
At the same time, Gregaard also hinted at similar discussions taking place in the UK where there have been enquires to blockchain based solutions for voting. Considering that Cardano has been in this space for a while and is well established, the probability of them collaborating in a blockchain-based voting solution is quite likely.
The Cardano Foundation, like many other decentralized blockchain entities, have already incorporated blockchain-based voting into its operations to democratize decision-making. Cardano employs Catalyst, a platform enabling ADA holders to propose and vote on network projects. This way, Cardano has already proven with a working product a way for blockchain based voting.
Cardano may face competition if the idea gains traction in the US. Other blockchain networks may also try to propose their initiatives and it is not guaranteed that this project WILL ultimately fall to Cardano.
But Cardano is well equipped for such a challenge. Recent data shows a surge in developer activity on Cardano, surpassing even Ethereum. This suggests that developers increasingly viewing Cardano as an appealing platform with opportunities comparable to Ethereum.
The influence of Cardano has extended beyond voting initiatives, as evidenced by its collaboration with the Dubai Police on a blockchain pilot project. This project aims to securely share sensitive data with global law enforcement agencies like Interpol, showcasing the diverse applications of blockchain technology in combating crime.
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BINANCE:ADAUSDT
IDEA - Follow The Trend 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 IDEA has been overall bullish , trading within the flat wedge pattern in orange.
Currently, IDEA is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong demand zone $0.0026 - $0.003.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower orange trendline.
📚 As per my trading style:
As #IDEA 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
MPC - Bulls Already In Control 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 According to our latest analysis, M PC rejected the $0.3 round number and subsequently broke above the last major high in red. Therefore, the bulls have already taken over.
📉 MPC is currently in a correction phase, retesting the red structure.
🎯 For the bulls to regain control and initiate the next upward impulse movement, leading to a continuation towards the $0.525 resistance, a break above the last minor high in orange at $0.42 is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
INJ - Injecting An Impulse 💉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 INJ has been overall bullish , trading within the flat wedge pattern in red.
Currently, INJ is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support at $31.5.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
📚 As per my trading style:
As #INJ 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
SEI - Bullish Impulse Ahead ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SEI has been overall bullish, trading within the flat rising wedge pattern in red.
Currently, SEI is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support in blue.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
📚 As per my trading style:
As #SEI approaches the red 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
Wormhole(W) is Ready to Pump🚀➕20%_40%🚀💡Today, I want to analyze the Wormhole(W) project for you, which has been listed in different exchanges for less than 3 days .
📚What Is Wormhole(W)❗️❓
🔸Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
🔸The wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through over 1 billion cross-chain messages.
🏃♂️ Wormhole(W) is currently moving near the 🔴 Resistance zone($1.050-$0.997) 🔴and Resistance lines ( the upper lines of the wedge pattern) .
📈From the point of view of Classical Technical Analysis , Wormhole(W) seems to have succeeded in forming a Falling Wedge Pattern .
🔔I expect Wormhole(W) to start going up (🚀40%🚀) to the 🔴 Resistance zone($1.280-$1.200) 🔴 after touching the 🟡 Potential Reversal Zone(PRZ) 🟡.
❗️⚠️Note⚠️❗️ : If Wormhole(W) breaks the 🟡 Potential Reversal Zone(PRZ) 🟡 , the analysis will fail (if Wormhole(W) breaks the 🔴 Resistance zone($1.050-$0.997) 🔴, it will be a more reliable entry point).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Wormhole analysis (WUSDT), 1-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.
Cardano Tumbles 10% Friday As Grayscale Dumps Its HoldingsCardano ( CRYPTOCAP:ADA ), a cryptocurrency, experienced a 10% decline in value over the week. This was due to Grayscale Fund's announcement that it would be removing the token from its portfolio. The decision has raised concerns among analysts that Cardano ( CRYPTOCAP:ADA ) may face further price consolidation or a drop in value.
Grayscale Digital Large Cap Fund manages $579 million in assets and previously had 1.62% of its portfolio, worth $9.4 million, invested in Cardano ( CRYPTOCAP:ADA ). However, the fund liquidated all of its CRYPTOCAP:ADA holdings and invested in Avalanche instead.
Cardano ( CRYPTOCAP:ADA ) may face a price consolidation or an impending drop following a lull in activity. Despite a 12% price drop, 48% of Cardano ( CRYPTOCAP:ADA ) holders remain profitable, while 49% are currently out of profit. The token has a Relative Strength Index (RSI) of 40.19 indicating a weak buying momentum.
Essential Cardano's weekly development report highlights a significant milestone for the project, having completed 88.6 million transactions. The report also mentions 164 launched projects, 1,353 projects under development, and over 9.86 million native tokens.
ADA +70% LONG OPPORTUNITY | CONFIRMED BREAKOUT +$1 SOONCRYPTOCAP:ADA has formed a year-long cup and handle pattern. Traditionally, this pattern is a bullish indicator of continued upward movement. The cup and handle have played out perfectly, and we have broken out of the resistance at ~0.68. This move confirms our pattern and makes this a well calculated long entry position.
I expect a 70% increase in the price of CRYPTOCAP:ADA in the short term, which would put the price above $1 (~$1.15). This is potentially a great entry to a long or large spot position before a swift upward movement.
The altcoin market cap, including ETH ( CRYPTOCAP:TOTAL2 ), is already front-running the altcoin market cap, excluding ETH ( CRYPTOCAP:TOTAL3 ). This is another bullish indicator that the alt coin market may be ready for another leg up, helping out patterns play out.
I personally added to a spot position here, but I think its a great long entry as well if you have more powder.
DYOR and bring home those gains.
CRGPT - AI on the rise 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 Technical:
📈 CRGPT has been overall bullish trading within the rising broadening wedge pattern marked in blue.
Currently, CRGPT is undergoing a correction phase as it approaches the lower blue trendline, which is serving as a non-horizontal support.
Moreover, the $0.7 - $0.8 range represents a massive demand zone.
🏹 Thus, the latest blue arrow is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
🏹 On the other hand, for the bulls to assume control from a medium-term perspective and initiate the next upward impulse movement, a break above the upper red trendline and the last major high at $1.14 is necessary.
🗒 Fundamental:
1️⃣ The CRGPT Token is more than just a digital asset with a deflationary supply cap of 21 million tokens, reminiscent of Bitcoin's scarcity-driven appeal.
2️⃣ By leveraging Ethereum's infrastructure for smart contracts and AI integration, CRGPT offers its holders not just a stake in a digital asset, but a key to unlocking a suite of AI services that enhance analytical, predictive, and trading strategies in the crypto domain.
3️⃣ This blend of Bitcoin's tokenomics, Ethereum's technology, and practical AI applications positions www.CryptoGPT.io as a multifaceted token with intrinsic value and utility in the evolving landscape of blockchain and AI convergence.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETHBTC Ratio Death Cross ApproachingKey Points:
• Death Cross: The ETHBTC ratio is nearing a death cross, where the 50-week average dips below the 200-week average, historically signaling a bearish trend for Ethereum relative to Bitcoin.
• Altcoin Impact: Since altcoins often follow Ethereum's movement, this could lead to a decline in their value compared to Bitcoin.
• Actionable Advice: The message urges you to consider divesting from altcoins and reevaluating your portfolio to minimize potential losses.
Additional Considerations:
• Market Timing: Predicting market movements is notoriously difficult. While death crosses can be a helpful indicator, they are not foolproof.
• Investment Strategy: This message advocates for a risk-averse approach. Consider your overall investment goals and risk tolerance before making any drastic changes.
• Do Your Research: Stay informed by following reliable crypto news sources and conducting your own research before making investment decisions.
Final Thoughts:
Carefully weigh the information and potential consequences against your investment strategy before taking action. Don't hesitate to consult with a financial advisor if needed.
After GALA falls, does it wait for bargain hunting before risingIn GALA’s previous analysis, my opinion was biased toward a downward bull flag breakout.
However, the market did not break out as I expected.
The market is now at the bottom of the triangle convergence and showing signs of breaking below
If GALA chooses to fall below here, it is likely to go directly to the position of 0.04557
The shape of BTC is also in a triangle shape, and there are also signs of falling below
When BTC falls, altcoins fall even more ferociously
ETH - Wait For The Bears, then The Bulls📉📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been hovering with a range between $3000 and $3500.
📉 After breaking below the last major low at $3500, ETH has been bearish from a short-term perspective trading within the falling red channel.
Moreover, the $3000 - $3100 is a strong support zone.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
📚 As per my trading style:
As #ETH approaches the red 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
NEW💥 HOT BUY ALT, can x100 : WENUSDT 🔥📉Hi Traders, Investors and Speculators of Charts📈
JUST released on mainstream (MEXC) means this microcap will likely explode. It's possible that from here with the exposure of an exchange, WEN can easily x100 or even beyond.
WEN is the first community coin based off a fractional NFT, the first official launch on Jupiter's LFG launchpad, and the first NFT minted on the WNS NFT standard. Wen was born to push the limits of Solana.
The World Transaction Pass is an eco-token (WEN) issued by Hong Kong’s Sunny Digital Assets R&D Center. It was initially issued based on the Huake Chain Standard Sub-coin agreement.
In the future, the main web online will establish more ecological models to promote the development of the platform. WEN have the features of decentralization and is untamperable. It is issued in a constant amount, totaling 1.5 billion tokens, and will never be issued more.
With 70% airdropped to the Solana community and over 300k+ unique wallets holding NASDAQ:WEN , I'm starting to buy FROM HERE, because I believe the largest part of the airdrop dump may be over. Also, I think we'll be lucky if we see BUY ZONE 2.
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MEXC:WENUSDT BITMART:WENUSDT UNISWAP:WENWETH_CF099E
BNBUSDT - This ALT flashes Strong BULLISH Signals 📈📉Hi Traders, Investors and Speculators of Charts📈
BNB / Binance coin is another altcoin with good upside potential for the next bullish cycle. I expect this to come into full force only after the BTC halving.
Looking at the clear bottom followed by a bullish flag pattern, it seems highly likely that BNBUSDT may make higher-highs for the short term.
It's impressive to see that BNB mid-range support held, this shows a sign of strength from buyers. Around this zone the price ultimately made the inverse Head and Shoulders bottom pattern:
A little closer look in the daily, we see the bullish flag pattern forming. A breakout UNDER will invalidate the pattern:
From a technical indicator perspective, we see two strong "BUY" signals flash in the weekly timeframe, confirming a bullish bias:
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BINANCE:BNBUSDT BINANCE:BNBUSDT.P CRYPTO:BNBUSD
Solana On The Way Towards All-Time Highs?Solana with ticker SOLUSD remains nicely bullish as expected from technical point of view and from Elliott wave perspective. Looks like it's still trading in an extended wave »v« of 3 with room for more gains, maybe even straight back to all-time highs. Currently we are tracking a lower degree consolidation within a bullish triangle pattern for subwave iv that can send the price higher for wave v of (iii).
ADA impulse on its way?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Wow, what a mess.
The clearest thing I can see here is a ZZ pointing up and a move that retraced back beyond its origin.
Didn't squirt hard enough, it seems.
An impulse down would be ideal,
or could go sideways.
OPE! Putting in an impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Looking like an impulse coming in.
The move down is funky, but the 3 wave up is clear.
PF is holding it down.
2.9793 is the official pivot bulls want to hold.
3.29 break from here may change thoughts.