Selling time for Ethereum!As you can see, Ethereum is below the minor extreme OB of weekly chart and according to the confirmation of the lower time frames, it is expected to fall to the range of the major DP Orderblock , i.e. the range of $710.
This is my personal analysis and opinion and its not a financial advice
Altcoin
NEAR ($NEAR): Technical rebound in mid-termTrend is still bearish on daily and weekly chart, but at the same time we do not exclude an interesting technical rebound in mid-term. In this analysis we just wanted to share our view and how it could develop (Impulsive Structure), for more details on support and resistance levels, visit our Blog. With this in mind, from a technical point of view, AMEX:NEAR still remains under pressure, so we do not rule out a bearish consolidation before a price recovery.
🔴 TRADING STRATEGY
The best strategy may be to accumulate long positions on weakness (by the dip) with small sizes.
🔴 RISK MANAGEMENT
Use only the portion of assets willing to lose (1%/2%)
Analysis by
Anonymous Banker Team
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TRB Aims 8% then 15% higherTRB trading above the POC. There's a solid resistance level above 8% away. If we can reclaim this level, 15% will be the next target.
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PYTH AIMS 25% HigherPYTH has been on a decent climb after a massive sell-off. It managed to reclaim the VAL after the retest of the trendline breakout. all bullish signs and with bitcoin providing a nice bullish pump into the weekend, it'll provide a bullish narrative to fuel the altcoins this weekend.
The levels are marked on the chart where I expect PYTH to have a retracement, until then, a long aiming for the VAH seems like the higher probability trade.
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TRB Next Important LevelAfter a decent size pull back, the next level if support is at $137 which is 12% down, and strongest support is at $123. It looks like it wants to go to back to $157 and if it can flip $157 into support, then $192.
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BLUR can go UP by Falling Wedge Pattern(➕40%)🚀📈Today, I want to check the Blur(BLUR) project for you, which can increase by at least ➕40% in the coming days.
📚What Is Blur (BLUR)❗️❓
🔸 BLUR is the native governance token of Blur, a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management and multi-marketplace NFT comparisons. It claims to have faster NFT sweeps, and a more intuitive interface than other comparable platforms.
🌐The latest News of the Blur(BLUR) project:
🔸The Blur team has unlocked a total of 485 million tokens since June.
🔸The latest transfer to Coinbase Prime did not cause a slide as BLUR climbed to $0.47.
🔸The price of Blur (BLUR) jumped to 9.57% in the last 24 hours, reaching a high of $0.47 in the process. This price increase occurred after a $23.26 million token unlock by the NFT marketplace and aggregator project. Per Etherscan, the Blur team transferred 49.82 million tokens out of its multi-sig wallet.
📉In terms of technical analysis, the BLUR token managed to form a Falling Wedge Pattern near the 🟢 Support zone($0.480_$0.395) 🟢 and 50_SMA(Daily) .
✅Currently, BLUR has succeeded in breaking the upper line of the Falling Wedge Pattern .
👀It is better to take a look at the BLURBTC chart before making a decision.
BLURBTC has managed to break the Downtrend line and has approached the 🔴Resistance zone🔴 with high momentum. I expect that BLURBTC can break the 🔴Resistance zone🔴 after a short pause and attack the 🔴Next Resistance zone🔴.👇
🔔As a result, I expect the BLUR token to start rising again after completing the pullback to the upper line of the Falling Wedge Pattern and at least up to the Resistance line and 🎯 Wedge's Target 🎯.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Blur Analyze ( BLURUSD ), 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 be glad to see your ideas in this post.
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Fantom: Recovery? 🩹The Fantom price has managed to slow down its decline a little. Our primary expectation is that it should recover soon and continue its rise. After all, the magenta-colored wave (3) the coin is currently working on should continue well above the $0.65 resistance level. Only the 35% probable alternative would see a different course. It considers the upward swing that the price has made since October as merely part of the substructure of the magenta-colored wave alt. (2) and would require a drop below the support at $0.16 before this move is completed.
BITCOIN weekly roadmapGood time friends, I hope you are great.
According to last week's analysis, Bitcoin reached the range of $48,000 twice and could not go beyond this range.And from this area, it started its falling movement, this fall could be predicted both technically and the news that has come for Bitcoin during the last week.
Bitcoin is forming MTR in the daily time, it has broken the upward channel that we had downwards, the last bottom that I marked with a dashed line on the chart, below this range we also had a close candle.
In general, I see Bitcoin as bearish, this week I could not find a safe area for selling positions so that we can take swing selling positions.
But we can have buying positions in the range of (40000-41000) and (39400-39800) by getting appropriate approvals, if there is an opportunity for selling positions, I will inform you in the next analysis.
I'm More Bullish Than Bearish On JTO!!JTO is trading in a bullish pattern. The falling wedge has a higher probaability of breaking to the upside. If we get a nice breakout to the upside, I would be looking to target the POC above around $2.90.
If we fail this support level, the next level below is around $2.105. there we have major confluence, which is the .886, .382, & Daily level. If that is reached and holds, I would consider entering a long position.
We don't know how price will play out so we manage our risk accordingly.
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.
Litecoin LTC is not looking goodAlthough I’m bullish on most alts in medium term, Litecoin is looking pretty weak at this point. It seems a shoulder-head-shoulder pattern is forming on the weekly timeframe, indicating a move down back to approximately $25. Just putting this out here to see how it turns out.
Ethereum's Price Surge and the Path Ahead
Ethereum ( CRYPTOCAP:ETH ) has emerged as a resilient force, defying broader market trends with a nearly 2% gain in the past 24 hours. The surge in Ether's price, currently hovering around $2,651, is notable against the backdrop of sharp pullbacks experienced by major tokens, including Bitcoin. This positive momentum comes on the heels of the Securities and Exchange Commission's (SEC) recent approval of multiple spot Bitcoin exchange-traded funds (ETFs), signaling potential optimism for Ethereum's future.
Ether's Impressive Rally:
Since the SEC's approval of spot Bitcoin ETFs, Ethereum has rallied above the $2,600 mark, capturing the attention of market participants. This price surge has propelled the supply of Ether in profit to a multi-year high, currently standing at an impressive 89.4%, a level not seen since 2021. While this statistic may evoke optimism, on-chain analysis suggests potential short-term price correction risks that could impact the second-largest digital asset by market cap.
Short-Term Correction Risks:
Despite the bullish sentiment, concerns arise as The Block's Data Dashboard highlights the elevated circulating supply of Ether in profit. The question looms: Could this heightened supply encourage traders to take profits, triggering a short-term correction in the digital asset's price? Analysts warn of a cautious approach, emphasizing the need to monitor market dynamics closely.
The SEC Effect and Speculation:
The recent SEC approval of spot Bitcoin ETFs has fueled speculation regarding a potential spot Ether ETF in the near future. André Dragosch, Head of Research at CRYPTOCAP:ETC Group, points to this development as a bullish catalyst for Ethereum. The prospect of an Ether ETF could attract institutional interest and further legitimize the digital asset, potentially paving the way for sustained upward momentum.
Stabilizing Factors and Long-Term Outlook:
Despite the short-term correction risks, Dragosch contends that the current high in Ether's circulating supply in profit could act as a stabilizing factor for the token. The reduced incentive to sell among longer-term holders may counterbalance potential profit-taking by weaker hands. This stabilization, in turn, could provide support for Ethereum's ongoing bull market, presenting a nuanced picture for investors to consider.
Conclusion:
As Ethereum continues to navigate the dynamic cryptocurrency landscape, its recent price surge and the accompanying supply dynamics present a complex but intriguing scenario. The SEC's actions and the potential for an Ether ETF add layers to the narrative, shaping Ethereum's future trajectory. While short-term correction risks exist, the stabilizing factors suggest resilience in the market. Investors and enthusiasts alike must stay vigilant, recognizing both the challenges and opportunities inherent in Ethereum's evolving journey.
BTC.D at its support. May rise soon, Alts dump is expected!BTC Dominance is at its major support and is expected to rise soon from this level, if this happens then we will witness a major drop in alt coins from 20% to 50% retracement.
major drop in some coins like MATIC, XRP, FTM, DYDX, LUNA could be seen in few days.
SUI - This ALT can EASILY x100📉Hi Traders, Investors and Speculators of Charts📈
I've been focusing on altcoins with use case and good upside potential and SUI is one of them. Although SUI has recently increase 70%, this altcoin can still increase exponentially from here once the market cap picks up.
Endorsed by Ledger; Sui is a decentralized layer 1 blockchain that uses a specific type of proof-of-stake consensus named delegated proof-of-stake. Sui is a unique blockchain using the Move language and parallel transaction execution, which allows it to process transactions much faster than its competitors.
In short, Sui aims to increase its scalability without compromising on security by using a combination of the native programming language Move, parallel processing of transactions, and delegated proof-of-stake consensus mechanism.
This way, Sui allows for fast, private, and secure digital asset ownership accessible to everyone.
The nascent project has a flourishing ecosystem of dApps ranging from NFT and DeFi to GameFi. With scalability and fees remaining a concern, more and more developers are expanding out to other ecosystems. SUI is a solid project and over time more and more people will start to build on it - and use it.
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