Altcoin
ATORATOR Protocol. Looks decent, I believe this can truly play out soon.
We might soon get 70% gains from this one, Truly depends what bitcoin will do now, if it dumps whole market have big chance to follow.
ATOR empowers The Onion Router (Tor) through on-chain incentives, and facilitates wider adoption of secure network relay protocols through hardware products. ATOR contributes the following to the existing Tor network:
1) A framework for existing Tor relays to receive cryptocurrency rewards in our native currency, ATOR, in accordance with their cumulative useful uptime, through a Proof-of-Uptime mechanism
2) The introduction of the ATOR Router Hotspot, a handheld device that enables users to connect their consumer devices, via WiFi, and route all their web traffic through Tor script-free
3) The rollout of the ATOR Relay, our own version of the Tor relay. It is designed for Tor routing and immediately interoperable with our ATOR Proof-of-Uptime framework, allowing non-technical users to mine ATOR and contribute to web anonymity through Tor.
BTC This cycle might actually be different.Bitcoin this cycle looks completely different than any previous one. We have never in the past gone up so high before the halving. There is no saying what BTC will do if we brake ATH pre-halving. Also the price mostly is driven by retail and ETF's no institutional buys yet. Google searches for "BTC" "Bitcoin" "Crypto" is still almost at all time lows.
When we try to chart, from now on DO NOT LOOK AT THE PAST CYCLES. It will mislead you.
Also indicators will try to screw us soon, so focusing on using more advanced tools than basic RSI will be needed. One advice - Learn to you Bookmap to understand what and how to follow BTC on there.
SolanaSol, emerges as a beacon of bullish sentiment, hinting at the possibility of substantial gains, potentially doubling in value. Renowned for its lightning-fast transaction speeds and low fees, Solana has carved a niche for itself in the cryptocurrency landscape. The project's innovative approach to scalability, utilizing its Proof of History (PoH) consensus mechanism, sets it apart from its competitors. Solana's burgeoning ecosystem, encompassing decentralized applications (dApps) and decentralized finance (DeFi) protocols, continues to attract both developers and users alike. Its recent performance showcases resilience amidst market fluctuations, bolstering investor confidence. With an array of strategic partnerships and continuous protocol upgrades, Solana remains poised for exponential growth. As the crypto market matures, Sol stands out as a promising asset, offering the potential for lucrative returns to savvy investors. Watch closely as Solana charts its course towards a potentially bullish trajectory.
$PYTH Trend Line to Watch, Potential 35% LongI am currently watching this SEED_DONKEYDAN_MARKET_CAP:PYTH downward trendline waiting for some sign of a break out before entering a long position. This will most likely be confirmed or cxled in a couple days depending on Bitcoin's price movement. Lowest entry could lead to a quick 35% spot gain.
AVAXAvax, also known as Avalanche, appears poised for a bullish trajectory, signaling potential gains of up to 100%. With its robust ecosystem and innovative technology, Avax has been gaining momentum in the crypto sphere. Its recent performance showcases resilience and upward momentum, suggesting a favorable outlook for investors. The project's unique consensus mechanism, Avalanche consensus, offers high throughput and near-instant transaction finality, enhancing its appeal among users and developers alike. Additionally, Avax's expanding DeFi ecosystem and partnerships further bolster its growth prospects. As the crypto market continues to evolve, Avax stands out as a promising asset with the potential to deliver significant returns to investors. Keep a close eye on Avax as it charts its course towards potential gains in the near future.
ETH RANGES Ethereum being the second biggest coin in market cap has a very important role to play in the crypto ecosystem, however, we haven't heard to much talk or news about the coin as other L1's have stolen the spotlight. SOLANA, INJECTIVE, SUI etc have all grown in popularity and have taken a lot of the focus away from the biggest altcoin by market cap.
In the chart there are clear ranges for which I believe are worth trading. Range 1 & Range 2 are the HTF key levels, bouncing between the High, low and the midpoint of the range . Currently we have seen price be rejected from the Range 2 Midpoint the support comes from the $2130 level in the HTF but the red supporting trendline on the lower timeframes. For now the chop has kept ETH within those areas and until proven otherwise should be traded as such.
A case for the bulls on Ethereum :
- ETF narrative can be a powerful mover as has already been demonstrated with the BTC move all of last year. Now that the Ethereum ETF awaits approval we could see a similar rally towards the decision date at the end of May this year . It's important to note that this date is post BTC Halving event and historically a rally follows this event throughout the market.
- Deflationary tokenomics lend themselves to a bullish asset for investors because of simple supply and demand dynamics. With the inevitable increase in retail exposure that comes with a Bullrun in addition to BlackRock and other ETF providers buying large sums of the crypto to offer to customers. Naturally this increases price as demand is up, now couple that with a deflationary circulating supply and you have a very bullish scenario where a very sought after asset is becoming increasingly rarer, perfect storm for the bulls.
A case for the bears:
- OLD NEWS... I would say that in crypto being the new kid on the block is very important for increasing the price of the token. We have seen in the last year many new L1's be released and have taken the spotlight away from older more established coins which can be disheartening for anyone that's holding ETH or looking to add ETH to their portfolio.
INJECTIVE, SUI, TIA to name a few often outperform the larger cap coins that are older as the potential to grow is much larger. Ethereum already has a market cap of $280B The likelihood of 5x, 10x or 20x gains are much lower than a smaller cap coin offering a similar service with newer technology. So for this reason I think the well established nature can work against Ethereum but it is worth saying that because of this it is less risky to invest in a larger cap coin when compared to smaller caps.
I'm keeping a keen eye on ETH both against stables and BTC pairs but will avoid getting drawn into the choppy price action. Only taken action at the key levels shown on the chart.
[DYDXUSDT] - Awaiting for great targets🔥
🔸monthly chart shows a huge accumulation of cup & handle pattern (641d) confluence with a
0.382 fib level.
🔸many attempt for breakout has occurred
🔸it's matter of time for a bullish rally.
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Shiba Inu Price Soars Towards Critical Resistance!Shiba Inu Price Analysis: Approaching Key Resistance Level Amidst Bullish Momentum
The world of cryptocurrency is always filled with excitement and anticipation, and one coin that's been grabbing attention lately is Shiba Inu. With its adorable dog-inspired branding and a passionate community of supporters, Shiba Inu has been making waves in the digital currency space. Today, we'll delve into its recent price action and what the future might hold for this canine-themed coin.
The Price Surge:
In recent weeks, Shiba Inu has been on an impressive upward trajectory, with its price heading vertically towards a critical resistance level. As of now, it's approaching the multi-year lows resistance level of 0.00001194. This level holds significant importance as a breakout here could potentially mark the beginning of a bullish cycle for the coin.
Technical Analysis:
Those closely following Shiba Inu's price movements may have noticed the formation of a compelling pattern. Previously, there was mention of the falling wedge breakout play, particularly around the 0.00000900 mark. This pattern signaled a potential reversal in the coin's fortunes, providing favorable entry points for traders looking to capitalize on the upward momentum.
Strategic Positioning:
For seasoned traders, identifying optimal entry points is crucial, and the recent price action has provided just that. With higher lows being consistently formed, many have secured positions within the falling wedge pattern, anticipating a sustained bullish trend. These strategic positions offer the potential for long-term gains, albeit with the acknowledgment that market dynamics can always surprise.
What's Next?
As Shiba Inu approaches the critical resistance level, traders are keeping a close eye on its ability to break through with convincing volume. For those considering entry at this juncture, caution is advised. Waiting for confirmation of a breakout and ensuring volume supports the move can mitigate risks associated with entering at potentially overbought levels.
Risk Management:
In the volatile world of cryptocurrency trading, risk management is paramount. While the bullish momentum may be enticing, it's essential to have a clear exit strategy in place. Should the price fail to sustain above the resistance level, traders should be prepared to cut losses and reassess their positions.
Conclusion:
Shiba Inu's recent price surge has captured the attention of traders and enthusiasts alike. With the coin approaching a key resistance level, the possibility of a breakout looms large. However, prudent risk management and strategic entry points remain essential in navigating the unpredictable waters of the cryptocurrency market. As always, staying informed and adaptable is key to success in this ever-evolving landscape.
INJ - Bullish Momentum Persists 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 INJ has been overall bullish , trading above the red trendline.
Currently, INJ is hovering around the trendline acting as a non-horizontal support.
Moreover, the 30.0 marked in green 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 red trendline.
📚 As per my trading style:
As #INJ is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 In parallel, for the bulls to take over medium-term and start the next impulse movement that will lead to the 50.0 round number, a break above the last major high in red at 40.0 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
See Major Alt Rally! Be PreparedBe Prepared! We are going to see Major Alt rally!
As the cryptocurrency market continues to evolve and mature, we're seeing growing excitement around alternative cryptocurrencies, often referred to as "altcoins." These altcoins are any cryptocurrency other than Bitcoin (BTC), which is the most well-known and established digital currency.
The anticipation for a major altcoin rally stems from several factors:
Market Dynamics: Historically, altcoins have experienced periods of significant growth and outperformance compared to Bitcoin. This is often referred to as an "alt season" or "altcoin rally." During these phases, investors flock to alternative cryptocurrencies in search of higher returns.
Technological Innovation: Many altcoins offer unique features and innovations beyond what Bitcoin provides. These can include faster transaction speeds, enhanced privacy features, smart contract capabilities, and more. As new technologies and use cases emerge, investors become increasingly interested in the potential of these alternative projects.
Increased Adoption: With each passing year, more businesses, institutions, and individuals are embracing cryptocurrencies and blockchain technology. This broader adoption leads to increased demand for a diverse range of digital assets beyond just Bitcoin.
Market Sentiment: Sentiment plays a crucial role in the cryptocurrency market. Positive news, developments, and community excitement can fuel bullish sentiment towards altcoins, driving prices higher.
Investor Interest: Institutional and retail investors alike are continually seeking opportunities for diversification and potential high returns. Altcoins offer a way to invest in projects with significant upside potential, especially for those who may have missed out on Bitcoin's earlier growth phases.
While predicting market movements is inherently uncertain, the combination of these factors suggests that we may be on the verge of witnessing a major altcoin rally. As always, it's essential for investors to conduct thorough research, understand the risks involved, and make informed decisions based on their individual investment goals and risk tolerance.
Stay tuned and stay informed as we navigate the exciting world of cryptocurrency together!
ALGO - STILL BULLISH: NOW forming Elliot Wave 2-3📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on Algorand. And it gets better than fundamentals - we are currently witnessing a similar fractal that played out on ALGO during early days - the Elliot Wave Fractal.
From the macro perspective, we can see that Algorand has a long way to go before reclaiming previous highs, unlike many other altcoins. It's hard to find an altcoin with good fundamentals tat still has 2000% upside potential, away from previous all time high.
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