SHIBA INU at Key Support: Will We See a Bounce or Breakdown?Evening Trading Family
Shiba Inu (SHIB) is at a pivotal moment as it hovers around a key support level. Traders are closely watching for the next big move.
Quick Overview:
Shiba Inu, one of the most popular meme coins, has seen significant growth and strong community support. Now, it's testing an important support zone, which could determine its next direction.
Upside Potential: A bounce from 0.0001764 could push SHIB toward 0.0001789, and if momentum builds, further gains up to 0.0001829 are possible, setting up for a potential breakout.
Downside Risk: If SHIB fails to hold support at this level, a move down toward 0.0001736 and possibly 0.0001701 could be on the horizon.
Be prepared for a high-volatility scenario as SHIB tests these crucial levels.
Happy Trading
MIndbloome Trader
Altcoins
Bitcoin(BTC) Near Key Resistance- Breakout or Pullback Ahead ??Bitcoin is approaching a critical resistance level at $65,420. 🚀 If BTC breaks through, we could see a push toward the next major target at $70,037. However, if it gets rejected, we might head back down to the support zones near $60,258 or even lower toward $57,315. 📉
Both bulls and bears should stay on high alert—this is a pivotal moment for BTC! Whether you’re looking for a breakout or preparing for a pullback, this chart is loaded with opportunities. Get ready to make your move! 💥
Trade what you see
MB Trader
ZEC/USDT 1D Zcash is a chart I like the look of quite a lot on the 1D timeframe. ZEC has outperformed the majority of the altcoin market since it flipped the 1D 200EMA downtrend into an uptrend.
The 1D 200EMA has been I a downtrend for 2.5 years since the very beginning of 2022! Since then ZEC has bounded off the moving average once with a large wick and now it has just swept liquidity and reclaimed. Waiting for a confirmation of support with some clear closes above. The local double bottom can be seen using the 0.25 line as support. The next resistance level is the 0.5 range midpoint should the 1D 200EMA close above with strength.
It's important to realise that ZEC is still -92% from its $371 ATH, so it has huge room to grow once price has broken the more local range (1.0 level). If the last few months are an indication of the kind of support it has then it's a very good sign IMO. The local range that is
TIA - Buckle Up: A Breakout is on the Horizon!I was waiting for another setup, and it’s finally here just before the weekly close! 📈
I expect this trade to hold above $5.23 for the first few days of the week. Once the base is established, I believe we could see new highs around $7 🚀, with a potential retest of $11 💰.
Check out my previous post; this has been on fire lately! 🔥
LSE:TIA will see new highs!
BITCOIN HEDGE SHORT POSITION OPPURTUNITY UPDATEBITCOIN gave me reversal signal. I entered the short position the target is marked as 'long zone' i will be looking reversal signs to exit short and open long position.
It is risky hedge short position. The overall #bitcoin is still bullish. I will be scalping short.
It is not financial advice. I am taking calculated risks.
Bitcoin hedge short oppurtunity I'm looking some shorts between 64000$-62610$ on #BTC . It is gonna be hedge short for my current long altcoin positions and possible hedge for Isreal retaliation agaisnt Iran during weekend. Im still bullish overall.
I will be looking for strength-confirmations in order to close shorts and open longs in the marked area between 61300$-59000$ on #bitcoin . I am still bullish. We are coming from the daily bullish structer. I am positioning myself to possible weekend drop. #BTCUSD #cryptotrading
SLF WYCKOFF WYCKOFF accumulation/distribution pattern on the SLF chart. Could this be the start of a reversal and a move up?? I think it could.
My reason is as a fresh new coin this is good for a Bullrun, little to no selling pressure as price rises due to no bag holders selling at break even from previous bull cycles.
A rounded bottom structure can provide a base for price to rally from, it proves a growing confidence from buyers, once the top of this mini range gets breached and accepted above it's a great breakout play.
ATH is at +156% from current price, and as I stated before there is little to no selling pressure on the way up either which will help this to grow quickly once it gets going. A project that is in its first Bullrun in price discovery is a great combination!
AR Long Position (Support Consolidation)Market Context: AR is consolidating at a major support zone, offering a good risk-to-reward opportunity for a long position as it holds these levels.
Trade Setup:
Entry: Between $17.50 - $19.50.
Take Profit:
First target: $24.00 - $26.60
Second target: $32.00 - $35.00
Stop Loss: Just below $16.50.
This trade focuses on the potential for a bounce from key support, with defined risk and reward levels. #AR #Altcoins #Crypto
Phemex Analysis #27: SUI _ Will It Continue Soar or Sink?After its initial surge, PHEMEX:SUIUSDT.P has been locked in a battle with resistance. Breaking through one hurdle after another, it has now found itself staring at the formidable wall of its all-time high, $2.18. A recent retracement has brought it back to $1.88, leaving investors pondering its next move.
The Road Ahead: A Tale of Three Scenarios
Breaking Free : The most optimistic scenario would see SUI shatter the $2.18 resistance with a surge of volume. This could propel it to even higher heights, igniting a new wave of bullish sentiment.
A Bearish Turn : However, the market has shown signs of weakness. A second one-day high accompanied by a RSI divergence suggests that a bearish reversal might be brewing. If SUI falls below the $1.60 support level with significant volume, a downward spiral could ensue.
The Waiting Game : A more likely scenario is a period of consolidation. SUI might hold the $1.70 support level while investors patiently await a clear breakout signal. Impatience can be a trader's enemy in such situations.
The Path Forward
As SUI navigates this critical juncture, patience and careful analysis are key. While the potential for further gains is undeniable, the risk of a reversal cannot be ignored. Traders must weigh the potential rewards against the risks and make informed decisions.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TOTAL Market Struggles at $2.13T Resistance: Key Levels to WatchMarket Update:
Over the past week, the TOTAL market capitalization has attempted to break through a tough resistance level at $2.13 trillion.
A rejection at this level may lead to a pullback, testing the next support level around $2 trillion.
Potential Scenarios:
Should the TOTAL market successfully break above $2.13 trillion, it could rise to challenge the descending resistance line formed since June, as well as the top of the range resistance at approximately $2.3 trillion.
Given that the TOTAL market is currently at resistance, it is essential to manage risk carefully, as a rejection at this level could result in further downside for many altcoins.
#CryptoMarket #TOTALMarket #ResistanceLevels #Altcoins #MarketAnalysis
COTI Long Position (Support Consolidation)Market Context: COTI is consolidating within a key support zone, providing an opportunity to ladder into a long spot position. This offers a favorable risk-to-reward scenario for a potential upward move.
Trade Setup:
Entry: Between $0.091 - $0.107.
Take Profit:
First target: $0.13 - $0.15
Second target: $0.18 - $0.21
Stop Loss: Just below $0.085.
This setup looks to capitalize on the consolidation and potential bounce from support levels. #COTI #Altcoins #Crypto
LINK Long Position (Major Support Level)Market Context: Many altcoins, including LINK, have retraced to critical levels of support, presenting an opportunity for a long trade. LINK is positioned well for a potential bounce, providing a favorable risk-to-reward ratio.
Trade Setup:
Entry: Between $10.00 - $10.90.
Take Profit:
First target: $12.50 - $13.30
Second target: $14.50 - $15.50
Stop Loss: Just below $9.40.
This setup leverages the strong support zone and potential for a bullish recovery. #LINK #Altcoins #Crypto
Cardano: Crash Ahead? Prepare for a Potential 20%+ Downside!Hey Realistic Traders, let’s dive into the analysis of BINANCE:ADAUSDT
On the daily chart, Cardano continues to struggle below the critical EMA200, signaling a persistent bearish bias. Even more telling, the price has repeatedly respected the bearish trendline, underscoring the strength of this downtrend.
To make matters worse, we've seen a breakout from two major bearish formations: the Rising Wedge and the Ascending Broadening Wedge. Both patterns point to a continuation of the downward spiral. Adding fuel to the fire, the MACD has made a clear bearish crossover, confirming that the bears are firmly in control.
Based on these signals, we anticipate a sharp drop toward the first target at 0.2753. After that, a brief pullback could bring prices back into the green zone before heading even lower to the second target at 0.2384.
This technical outlook remains valid as long as the price stays above the support area at 0.4158.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Cardano.
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Cleaned out the longs. Now, it's time to clean out the shorts.Traders,
You guys know my target during this uptrend has been 68k BTC which is the top of our channel and that large order block with mostly sell orders. This last sudden dip cleaned out quite a few longs. Now, it is time to go after those shorts. You will start to see a lot of shorts liquidated around 68k (the top of our channel). This will only add fuel to the bullish fire. I think we'll go right through that liquidity order block and clean out all remaining shorts. Supply is low on centralized exchanges so, expect big movement to come!
A couple of things to watch before we get there though.
First, we have to beat our 200 DMA. This is absolutely critical! If bulls can't handle this then it's game over for the time being and I think we'll drop all the way to 48k.
Secondly, we have to beat the top of our channel. That currently sits at around 68k.
If we beat those two major resistance points, it's game on. Shorts will be in serious trouble.
Stew
MAGA - The START of a Positive Outcome!This should be the low, forming a rounding bottom right at a significant macro support.
It needs to stay above the bullish zone to progress towards new highs. The chart is straightforward, with a clear invalidation zone.
It’s currently struggling to break above the weekly open, but once it does, it could soar to new heights.
AMEX:MAGA is pretty self-explanatory; you know why I’m betting on this one!
PEPE + BNB Will Moon Just Like ETH Did In 2017 17 year experienced trader here sharing my thoughts to help the crypto community.
As everyone knows this is a very important time for the market as we are approaching the end of the 3rd year of the 4 year cycle . Year 4 has always been ALTSEASON . The charts I am sharing with you are setting up to have HUGE runs into 2025. In teh video I share with you my reasoning on why this meme coin and BNB will explode higher just like ETH did back in 2017 . ETH was the the daddy back then and now MEME coins are the hot narratives (look at how many meme coins that Binance have listed) and there is a reason for it . Meme coins are bring in heavy trading volume for exchanges creating good revenue and they also bring in new crypto people to the community , we have seen xrp bring in millions of people , then we seen DOGE bring in millions of people then SHIB and then PEPE . Each ALTSEASON it has been a new meme coin that helps bring in and grow the crypto community so this time will be no different . This time we have new coins like NEIRO that can moon also but that is for another video .
Do not sleep on these coins and if u need any help or have any questions please just send me a message and I will be happy to try my best to help .
Have a great weekend
MartyBoots
ONDO - Dive In or Face Regret!I've been waiting for this chance since the massive drop on August 5th.
It's a straightforward retest to validate that wick. If the bulls fail here, I see a strong possibility of reaching 40c later this month.
Not sure if the narrative for RWAs is still active, but it’s worth trying out!
SUI done? or...If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Finally have a bit of a break of the HL.
IF it is ready for a Wave 4.
I would really like to see a move down to 1.45 and react before a move back to 2$, to load a long.
Still time to put in a wave B so may not be ready yet.
Trade Safe,
Trade Clarity.
Down Down Baby - BTC Short Term RetracementI'm pretty confident that we will retrace back to mid 40's - Then go on a parabolic run.
This doesn't mean sell your position.
I would stay put and wait for the turbulence to play out. The market will always decide the price action.
***Not financial advice**
Q4 2024 Altcoin bull start📌701 days between December 2018 local bottom and November 2020!
📌701 days between November 2022 local bottom and October 2024!
-The bull run was started after the US presidential elections on November 3, 2020
Following the US presidential elections to be held on November 3, 2024, it will be the beginning of the 2024-2025 bull run for #bitcoin and especially #Alts.
Retest Complete. Dollar Should Continue Down Again.There's that retest to the underside of my pink line that I was previously expecting. As you all know from last weeks video, I was a bit surprised we didn't get it at the time I was making the video. Well, better late than never. This is a perfect retest. Though, the dollar could hover on the underside for a few more days, I expect that by mid-October you'll see the trend continuation down as we head for that very important, very old trend line coming all the way back from Orwell's 1984. Blow-off top in the U.S. stock market should continue until then. If so, crypto will follow.