HBAR Breaks Out with Bullish Momentum: New Highs Incoming?HBAR has broken out of the descending channel, showing strong bullish momentum. The price is trading well above the 200 EMA, which supports the continuation of the uptrend.
A breakout like this often indicates the start of a new leg higher. Monitor for confirmation and potential pullbacks to the breakout zone as a retest before further continuation.
Altcoinrally
ALGO Technical Analysis: Key Levels to Watch in 2024-2025 Algorand (ALGO) is a promising project known for its efficient management of scalability, security, and decentralization. The long-term success of ALGO depends on broader adoption and leveraging its distinct features in the competitive blockchain market.
Currently, ALGOUSD is holding a Weak Support at the $0.119 support level, presenting a potential for significant gains. If this support level holds, we might see a bullish move. However, if this support breaks, the next strong support and bottom lie near $0.086. A bounce is expected from this level due to some upcoming positive events and the potential approval of ETH ETFs. Historically, we have seen altcoin rallies following such approvals.
ALGOUSD was listed on June 17, 2019, and experienced a significant rally between March 30, 2020, and November 27, 2021, during the 2021 bull market. According to Bitcoin's historical patterns, a bull market tends to occur every four years. We anticipate increased market volatility in Q4 2024 and Q1 2025, similar to the 2021 bull market for ALGO.
Our calculated targets for ALGO's bull run suggest a minimum target of $1.57. If this resistance flips by Q4 2024 or January 2025, we could see a maximum target of $3.44. It's crucial to monitor support and resistance zones to keep the trade active. Remember to exit long positions by April or August 11, 2025, as the bull run and alt season are expected to end during this period.
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TIAUSD: Strong Support at $4.9 - Potential Rally Ahead!Celestia's TIAUSD token exhibits promising utility within its ecosystem, primarily serving network security through staking, participating in governance decisions, and incentivizing data availability and validation. Moreover, TIA facilitates transaction fees and rewards, ensuring participant compensation for their contributions.
Support and Resistance Zones:
Currently, TIAUSD holds strong support at $4.9. If this level holds, we could see substantial gains. Should this support break, the next critical support lies near $3.6, a key level from which a bounce is highly probable, given the upcoming significant events and the anticipated approval of Ethereum ETFs.
Market Outlook:
The approval of Ethereum ETFs is likely to spark a rally in altcoins, including TIAUSD, a relatively new project listed in late 2023. Historically, new projects introduced shortly before a bull market often experience significant rallies. We anticipate notable volatility in Q4 2024 and Q1 2025, presenting an excellent opportunity for TIAUSD to surge.
Price Targets:
Based on our calculations, the minimum target for TIAUSD during the bull run is $146. If this resistance is flipped by January 2025, we could see a maximum target of $186. Bull markets typically exhibit unexpected price pumps, and we expect similar volatility for TIAUSD. However, monitoring support and resistance zones is crucial to maintain an active trade strategy.
Exit Strategy:
Traders should aim to exit long positions between March and August 11, 2025, as the bull run and altcoin season are expected to end during this period.
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The Real Alt Coin Season Starts Here!Bitcoin usually surpasses the future halving price in crypto Autumn. Shortly there after we usually start to see alt coins ripping higher at different points throughout the season, all the way up to even early crypto Winter. On this chart I have a few of those OG alt coins (XRP, DOGE & LTC) compared to Bitcoin. The green dashed vertical lines are the points where bitcoin surpassed the future halving price in the past 2 cycles. Now take a look at the parabolic rise of these alt coins after that event. Vertical! Obviously there are some pretty significant moves before then, but nothing compares to after bitcoin surpasses the future halving price! The next event is projected to be around late 2024 to early 2025. What are your thoughts?
Another Altcoin Season?Let me start by stating I am no professional trader, or financial advisor, so my statements below are my personal opinions only. I strongly encourage everyone to challenge my theory with constructive criticism in the comments below.
The 100-BTC.D Daily chart is printing a larger Bullish Pennant, indicating weakness in BTC dominance, and potentially indicating a new Altcoin rally ahead (which I would really enjoy)
The last Bull Pennant that the 100-BTC.D chart printed was in January 2021, which lead to the big Altcoin gains between Jan-May 21.
Since reaching the 'target' of that January pattern, Altcoins have taken a price hit as profits were moved back to BTC.
With the recent BTC rejection of $42k, we may start to see some of that money move back into Altcoins are traders start looking for more short term profits.
In the past week I've noticed several altcoins pump ~30% in a few hours as extremely large (relative) volumes being traded. To me think indicates big money
is starting to re-accumulate altcoins at current prices, preparing for the next mark up.
ALTCOIN REVIEW by Artem Shevelev — 12 August 2021Hey guys, in this review we will look in another important altcoins which extremely popular among crypto holders 👍
1. DOGE
2. THETA
3. HBAR
4. ADA
And lets start from DOGE coin
which is forming some interesting pattern, which I will cover more detailed in next reviews. Price located in between DMA100 and DMA200, still in bullish shape, but now price might wanna reach 0.5 Fib level at $0.34 - 0.35. From these levels I will expect pullback in bearish side.
Another altcoin for today is THETA token
It gave holders good profits on last move carrying almost x2 from last swing low. But now price seems like heading south again, facing resistance in the zone of $7.0 and downtrend as well as DMA 200 and DMA 100 death cross.
Take a look at flat-surfaced HBAR
It seems to me it is some kind of distribution going on, I've seen this manner last year and surprised by seeing it this year happening again. Looking south for this token on next period.
And last for today is ADA (cardano)
Have to admit, price of cardano made significant profits for holders, especially for long-term buyers who holding since 2020-lows.
Right now price stuck at 0.618 Fib zone from last ATH, and seems to me it is quite exhausted for another run upside. I bet on bearish outcome for mid-term, so for coins which left in portfolio I will try to fix in this zone to avoid unnecessary risks.
Thanks for your time, stay safe
Best regards
Artem Shevelev
XRP FANS CAN REJOICEXRPUSD has broken out of a big upward continuation pattern and will probably be one of the fast runners in the alt rally coming up.
First target at 0.92 per token with a big possibility of overperformance which could triggered by many things such as the SEC reversing its decision to classify XRP as a security when its clear not.
Please share your thoughts on XRP in the comments below.
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ALTCOIN RALLY is coming ! ZILUSDZILUSDT has make series of higher highs into an area of resistance and formed this perfect ascending triangle pattern price looks like its going to be breaking out soon, the whole altcoin market is looking very bullish today breakouts look imminent across the board ! dont miss these pumps
ALTCOIN DOMINANCE BOUNCE!I believe Altcoins dominance may hold support at where these 3 weekly moving averages the 21, 50 and the 200 are converging at the same time, pretty amazing that its wicked up from them. Altcoins may rally soon so buy some good ones that are trending up, #POWR #AION $POWR $AION, HODL my friends, HODL!!!!!
ELROND RETRACING AND SHOOTINGElrond's on the move.
Looking for a retrace at the 50% fibonacci retracement level. 4H CHART.
XRPBTC ripe for breakout: but to which side?It's time for ripple again !
And I'm kinda on a roll today, no idea why, but I just can't stop with this sh*t lol.
So, XRP is the only altcoin that hasn't yet risen much since BTC made the last low and started rising now.
In fact, XRP seems absolutely unimpressed and the price didn't change much.
We must therefore look at XRPBTC to understand why.
XRPBTC is interesing: 95% of the time it keeps just going down down down, and then suddenly, around the bitcoin top, insane spikes !
We could see something similar happen as the last time.
There is a large triangle within a falling wedge structure in 2015-17.
Right now, a new big triangle has formed which will soon end.
If XRPBTC breaks to the downside, we might see something very similar happen as in 2015-17.
If it breaks sooner to the upside, the idea is invalidated. I see slightly more potential for a sooner break to the upside because stoch RSI is massively oversold on weekly.
Apart from the shorter term behavior, I think XRPBTC can easily reach the peak values again in the next 2-3 years. If BTC is at 100k in 2021, XRPUSD could go as high as 25-35 USD. Nice indeed!
Anyway, I'll continue to closely monitor our friend XRP here, because for me, this coin promises an interestingly high potential ROI (x100 possible imho)
Please don't start with cebtralized scamcoin blablabla, I don't really care about the features of coins any more. They can also be called coin A, coin B or coin C, I see them
as really interesting leverage instruments, not much more. The one true coin always remains bitcoin for me. However, I also want to use these lesser coins to make some nice gains,
nothing wrong with that, hehe. And for me, XRP currently has the highest potential.
That's it, and now I really stop for today XD