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"Cardano Signals Bullish Reversal with Chart Pattern"ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle formation spanning over the past year and a half, coupled with short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook. Understanding ADA Cardano ADA Cardano is a decentralized platform that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (DApps). Founded by Charles Hoskinson, one of the co-founders of Ethereum, ADA Cardano has positioned itself as a leading contender in the competitive landscape of blockchain technology. The Double Bottom Cup and Handle Formation A double bottom cup and handle formation is a bullish chart pattern that typically occurs after a prolonged downtrend, signaling a potential trend reversal. The pattern consists of two low points (the "bottoms") separated by a peak (the "cup"), followed by a smaller pullback and subsequent breakout (the "handle"). In the case of ADA Cardano, the formation of this pattern over the past year and a half suggests that the cryptocurrency may be poised for a significant upward move. Short-Term Support and Recent Lows In addition to the longer-term double bottom cup and handle formation, ADA Cardano is currently testing short-term support levels near recent lows. This consolidation phase serves as a crucial juncture for the cryptocurrency, as it establishes a base from which a potential breakout could occur. The ability of ADA Cardano to hold above these support levels despite market volatility bodes well for its bullish prospects. Bullish Outlook The combination of the double bottom cup and handle formation and the successful testing of short-term support levels paints a bullish picture for ADA Cardano. Traders and investors are closely monitoring the price action, anticipating a potential breakout to the upside. Positive developments within the ADA Cardano ecosystem, such as the upcoming rollout of smart contract functionality through the Alonzo upgrade, further bolster confidence in the cryptocurrency's long-term prospects. Conclusion In conclusion, ADA Cardano is exhibiting a compelling chart pattern in the form of a double bottom cup and handle formation, spanning over the past year and a half. With short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook, with the potential for a significant upward move in the near future. As market participants eagerly await confirmation of the breakout, ADA Cardano remains a cryptocurrency to watch closely for potential trading opportunities and investment growth.
BINANCE:ADAUSDLong
by UnknownUnicorn2319099
"Pirate Chain Hits All-Time Lows: Prime Buying Opportunity!"Pirate Chain (ARRR) Cryptocurrency: A Hidden Gem Rebounding from All-Time Lows Pirate Chain (ARRR), a relatively lesser-known cryptocurrency, has been making waves in the digital asset space as it rebounds from its recent lows. With a unique focus on privacy and a dedicated team of developers behind it, ARRR is garnering attention from investors who see its potential to emerge as a leading player in the privacy coin sector. Resilience Amidst Volatility: Despite experiencing significant volatility in recent months, ARRR has demonstrated remarkable resilience, bouncing back from its all-time lows around 13 cents. This resurgence comes as a welcome relief for investors who have been closely monitoring the cryptocurrency's price movements. Privacy at its Core: At the heart of Pirate Chain's appeal lies its commitment to privacy. Built upon the ZK-SNARKs protocol, ARRR offers users a high level of anonymity and confidentiality in their transactions, distinguishing it from other cryptocurrencies in the market. This focus on privacy has positioned Pirate Chain as a frontrunner in the realm of truly anonymous digital currencies. Limited Supply, Strong Potential: With only 200 million ARRR tokens in circulation, Pirate Chain boasts a limited supply, which contributes to its scarcity and potential for value appreciation. Coupled with its active development team and growing market presence, ARRR presents a compelling investment opportunity for those seeking exposure to the privacy coin sector. A Promising Future: Looking ahead, Pirate Chain is poised for further growth and adoption as the demand for privacy-focused cryptocurrencies continues to rise. With ongoing developments and initiatives aimed at enhancing its usability and accessibility, ARRR is well-positioned to carve out a niche for itself in the ever-expanding cryptocurrency landscape. Investor Sentiment: Despite its current price level of around 22 cents, ARRR has garnered bullish sentiment from many investors who view it as an undervalued asset with significant upside potential. As Pirate Chain continues to gain traction and awareness, investor confidence in its long-term prospects remains high. Conclusion: In conclusion, Pirate Chain (ARRR) stands out as a hidden gem in the cryptocurrency market, with its focus on privacy, limited supply, and active development making it an attractive investment opportunity. As it rebounds from its recent lows and gains momentum, ARRR is poised to emerge as a leading player in the privacy coin sector, offering users a secure and confidential means of conducting transactions in the digital age.
Long
by UnknownUnicorn2319099
ADA : This FRACTAL shows New BULLRUN 📢📉Hi Traders, Investors and Speculators of Charts📈 ADA / Cardano has spent an extended period in the "Accumulation Zone" (this basically means sideways trading at very low prices). According to Wyckoff Method, this is the pre-cursor to a new bullish cycle. The new bullish cycle is identified when we see a breakout ABOVE the range trading zone. This is where our fractal comes in. Cardano has previously done a similar thing where the price stayed in a tight rage for an extended period of time. This, was infact the precursor to the bullcycle that led to the previous ATH ! If you didn't get an entry in the accumulation zone, now is your second chance before the price starts another bullish cycle. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
Long
by CryptoCheck-
1
AVAX Breaks Resistance. 6% Pump to weekly level Incoming.Local trendline has been broken. #Avalanche has also reclaimed the daily level. The weekly level above is the target as long as we don't get rejected from the trendline above. 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.
Long
by Navitility
29/01/24 Weekly outlookLast weeks high: $42827.56 Last weeks low: $40677.38 Midpoint: $38527.20 As the first month of 2024 nears its end BITCOIN finds itself back above 40K after spending half of lasts week below the big even level. There are 3 main FVG's I have my eye on: - At the previous weeks MIDPOINT level 40.5K (1H) - The drop from 49K has left a large FVG at 45.5K (4H) - The daily FVG at 33K (1D) Price tends to get pulled and pushed towards these areas of imbalance. HTF imbalances have the largest force of attraction so in this case the 33K daily FVG is the main target in my opinion, and there are many possible routes to this destination. As it stands BTC is above both 40.5K & 33K FVG's and ideally we would need to retest these areas before progressing towards ATH' s post halving which would also mean clearing the 45.5K FVG on the way back up. For me this is how I think it will play out however if BTC pushes towards 45.5K first I will also be prepared for this move. For this week I'm concentrating on how BTC regains its strength and if price were to reach the 45.5K FVG , I would think about taking any profits from the recent move should BTC look weak, as I have said that 33K area is calling out to be revisited in my opinion.
INDEX:BTCUSD
by ProR35
🔥 Altcoin's In A Huge Bull-Flag: Break Or NotEver since the ETF I've been dominantly bearish on the market. My expectation was that the ETF would be a longer-term top. However, the short-term looks quite bullish. If TOTAL3 (total altcoin marketcap) can break out of this bull-flag pattern, this could signal a continuation of the bullish trend. I'm still wary. However, if the market can prove that a reversal is playing out and that the trend will continue, I will naturally switch my bias. In case of a break out, my target is placed at 585B, which is the first big resistance from back in 2022.
CRYPTOCAP:TOTAL3
by FieryTrading
2
Solana's Soaring Transaction Volume Signals Bullish MomentumThe blockchain landscape is witnessing a remarkable surge in activity, with Solana ( CRYPTOCAP:SOL ) taking center stage as its monthly transaction volume reaches a multi-year high. The native token, CRYPTOCAP:SOL , has not only posted significant gains among major altcoins but has also exhibited impressive resilience in the face of recent market fluctuations. This article explores the key factors contributing to Solana's stellar performance, delving into the surge in transaction volume, the recovery of CRYPTOCAP:SOL 's price, the role of WEN token pairs, and the implications of recent liquidations. Unprecedented Transaction Volume Surge: Solana's blockchain is experiencing an unprecedented surge in transaction volume, with data from The Block's Data Dashboard revealing a staggering $951.9 billion in transactions for January. This marks a substantial 30% increase in economic throughput compared to December's already impressive volume of $735.8 billion. The current transaction levels far exceed those seen in 2023 and most of 2022, indicating a significant uptick in user activity. CRYPTOCAP:SOL 's Remarkable Price Recovery: Despite recent market turbulence, Sol has managed to not only recover but also rise above the $100 mark. The token's value increased by almost 8%, reaching $104.44 at 9:22 a.m. ET, making Sol the best-performing major altcoin in the last 24 hours. This impressive recovery can be attributed to the growing interest in decentralized exchanges, particularly driven by WEN token pairs. WEN Token Airdrop Sparks Trading Frenzy:** The recent airdrop of NASDAQ:WEN tokens to users of Solana's Jupiter decentralized exchange has catalyzed a surge in trading activity. Data from Dune Analytics reveals that the top five decentralized exchange trading slots in the past 24 hours are dominated by stablecoin-SOL, stablecoin-WEN, and SOL-WEN pairs. This airdrop, extended to Solana Saga phone users and certain Solana-based NFT project owners, has ignited a trading frenzy, amplifying Solana's market presence. Liquidations Reflect Market Dynamics: CRYPTOCAP:SOL 's price volatility over the past 24 hours has led to a notable increase in liquidations, particularly in short positions on centralized exchanges. Approximately $9.9 million was liquidated, with the majority, almost $8 million, coming from shorts. This trend is reflective of the overall crypto market, which witnessed over $79 million in liquidated short positions in the last 24 hours, contributing to a total of $118 million across various centralized exchanges, according to CoinGlass data. Conclusion: Solana's robust performance in terms of transaction volume, price recovery, and market activity positions it as a standout player in the current blockchain landscape. The platform's ability to attract users through innovative initiatives like the WEN token airdrop and maintain resilience amid market fluctuations underscores its potential for sustained growth. As Solana continues to set new records, investors and enthusiasts alike are keenly watching to see how this blockchain powerhouse will shape the future of decentralized finance and blockchain technology.
COINBASE:SOLUSDLong
by DEXWireNews
AAVE Bullish and aims 5% Higher!As you see on the chart, AAVE has reclaimed all support levels and looks to test the major liquidity levels above which is the POC and Weekly level above. I would expect a nice rejection after that level is reached. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
PEPE BULLISH after retest of KEY support!PEPE is targeting the daily level below. If price can stay above the daily level and golden pocket, after a breakout of the descending trend line, that would be #BULLISH in my opinion. I would then expect price to target the POC (Yellow line) 20% above then the next major resistance (Blue box) 45% above. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
2
Maverick Protocol ($MAV) - Dec 2023 🚀 Maverick Protocol stands out in the DeFi space with its innovative Automated Market Maker technology. MAV token serves for governance and staking, with a focus on enhancing liquidity efficiency. 📉 Recent Price Trends: MAV experienced a drop from $0.566 to $0.3847 in June 2023, later recovering to $0.5466. As of July 14, 2023, the price is $0.3708, reflecting a 39% drop over the last month. 🔮 Price Predictions: Diverse predictions suggest different futures for MAV: 2023: Could reach up to $0.74-0.82$ with potential dips. Long-term forecasts are optimistic, with some expecting MAV to reach as high as $7.80. 📊 Technical Analysis: Current indicators show a bullish sentiment. The moving averages and exponential moving averages mostly signal a buy, while oscillators present a mixed view. ✅ Key Developments: Mainnet launched in March 2023 by Alvin Xu and Bob Baxley. MAV token offers governance, staking, and protocol incentive allocation. Partnership with LayerZero for addressing cross-chain capital inefficiencies. Backing from prominent entities like Founders Fund, Pantera Capital, and BinanceLabs. 🔍 Conclusion: MAV presents a promising future with its unique AMM technology. However, market volatility and competition pose challenges. Investors should consider these factors along with personal investment goals and risk tolerance. Best Regards EXCAVO
Long
by EXCAVO
3
CRV - Shift In Momentum Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking below the blue channel, CRV has been overall bearish , trading within the falling channel in red. 🏹 For the bulls to take over again, we need a break above the upper red trendline and 0.5 round number. In this case, a movement till the previous major high at 0.7 would be expected. 📉 Meanwhile, until the bulls take over, CRV would be bearish and can still trade lower to test the lower bound of the red channel and 0.41. In this case, we will be looking for short-term buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
Will Bitcoin Tag 44k Before More Selling Ensues?Just wanted to give you all a quick summary of where I stand regarding the recent Bitcoin price movement. In short, I believe that Bitcoin could possibly still tag 44k before the sellers come back again to take us back down to 37-39k. This is where I start to make my re-entries once again, DCA'ing it as we fall. Plus, we'll start by looking at the DXY and SPY and I'll show you what is going on there and what that tells us about how crypto will move.
INDEX:BTCUSD
by stewdamus
ORCA following big daddy SOL - capital waterfalls ORCA following big daddy SOL - capital waterfalls the concept is pretty clear there. same pump but on a smaller sub asset. majors tend to go before their smaller eco system plays. not always though. initially we've seen some small cap mega gains and mediocre medium/large cap gains this run so far. doesn't really line up perfectly but you get the idea. orca has been doing a bunch of volume. solana is very popular. if we get another leg on this run this one is going to smash again. salty asf with orca because i posted on twits to buy this EARLY, bought some then mysteriously changed my mind when i couldn't easily find their tokenomics. FAIL. went up lik 10x after that without me. woops. x
by Crypto-Quantum-Fox