ALTS
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Chart NAILED the pivot at 13.391 identified 🧵
Well, missed by $0.03.
Couple of counts I am keeping an eye on.
What's your favorite colour?
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Previous count kept me from going all in...
That's an Elliotwave W, imo.
Looking for a potential W4 here.
Near the 1st AOI.
Other areas labeled on chart.
Nice easy count atm,
don't have to spend hours trying to be
an Elliott wave hero.
🌟🔄 Pre-Bull Warm-Up (63%) or Pre-Bubble? (27%) 🎈Hi everyone,
It's time to buckle up as we enter what looks like a Pre-Bull market - that electrifying phase where altcoins start flexing before the full-blown Bull Run! 🌱➡️🐂 We've broken free from the channel's grasp and altcoins are hinting at an imminent lift-off beyond the Fibonacci 0.618 level. 🚀
Here's the scoop: The Total 3 market cap is teasing us at the $383 billion edge, and we're betting there's a 63% chance it'll break through and chart new heights. ✨
Let's not neglect the 27% Pre-Bubble scenario so know the support and reisstnace levels (chart will follow).
On the frontline, Bitcoin is pacing sideways, but don’t let that distract you; select alts are sprinting with random pumps that can't be ignored. 🏃💨 It’s time to get strategic with those altcoin charts and fundamentals! 🔎📈
Ethereum is wrestling with the $1.905 resistance, but the spotlight is on OP, already showcasing a bullish breakout. Seems like a smarter bet right now, offering more upside than Ethereum. 🎲✅
Cardano is surging with ambition towards 40 cents. Will it smash through to reach for 68 cents? We’re keeping our eyes peeled. 👀📈
Our love affair with STX continues as it pledges long-term gains, setting a dreamy target of $19 on the horizon. 💞🌈
1INCH is currently tangoing with channel resistance, prompting us to pocket some profits while we scout for the next entry beyond 0.36. It's all about timing and precision here! ⏰🔑
Metaverse aficionados, take note: SAND may soon outshine AI as it teases a breakout above $0.3783. Will the metaverse reclaim its throne? 🏰💥
Matic’s return to the channel spells a rendezvous with $3.12, and whispers of a climb to $6 - sounds like a family-friendly investment, right? 🧑🤝🧑💼
Let’s gear up for an exciting pre-bull spectacle in the altcoin arena and ride the wave of early gains! 🏄♂️💰
One Love,
The FXPROFESSOR 💙
will post all these charts today, i know how you like them but remember to leave a like and a comment
SOL beginning to set? Elliott WaveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Getting a deeper retrace, which will hopefully lead to some #Elliottwave clarity of count degree wise.
Some areas I am looking for a reaction at.
Below $40, sus for this count.
May '22 Inv H&S NL Broke but Alts are Nearing Resistance!Traders,
For the first time in a year and a half, alts have broken above major resistance. This resistance happens to be the neckline for our long-trending inverse head and shoulders. This is hugely bullish!
But before you max out your home equity line of credit, know that we are nearing what looks like it could become a local top. The channel which alts have utilized for almost a whole month to propel them to a breakout is about to hit significant resistance. Once we bump our head here (resistance), I think we'll retest our neckline and then relaunch to our final target.
In addition to being in highly overbought territory on the daily RSI there are more looming threats of a future gov't shutdown. This time I think it happens. Stocks will sharply pull back. Crypto will follow. And everybody will once again have their second chance to buy the fear and re-enter another crypto bull run before it happens.
Stewdamus
TOTAL3 - Altcoins Might Pull BackAltcoins have seen a boon this last month as well. Altcoin market capitalization increased 30% over the past four weeks, driving up from our Demand Zone.
Altcoin MC has now hit a resistance level at approximately $460B.
Above us is a very wide Low-Volume Node, with the next significant area of resistance in the $650B region.
This means that a successful breakout here could lead to a near doubling of altcoins market capitalization: or as it is colloquially called in crypto: alt season.
Altcoins are unpredictable, however principled analysis here leads me to consider now a current opportunity for trimming initial profits on altcoin long positions, and waiting to see if altcoins continue their charge or fall back into this year's trading range.
ENS primed for takeoff? Classic Adam&Eve double-bottom pattern playing out as ENS has rallied the past few weeks with volume to support it.
As one of the most profitable projects in the ETH (and crypto in general) ecosystem, I expect ENS to do well this cycle, especially if plans to expand to other chains proves a success.
I marked some general target prices at weekly OBs.
we are so back.
happy trades,
CD
Dont RUNE it! Elliottwave count. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Leaning on this count for now.
A return to 3$ would be Ideal if it turns here.
Cheers!
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Elliottwave counts it self here.
Until there is some deeper retracements, these are my counts.
SOl, resting on the horizon? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#SOL update.
It can keep going up as long as it wants.
If it needs a little break, cool, these
Elliottwave patterns are popping to me, atm.
Staying prepared.
Cheers!
Prepare for a major ALTSEASON ahead!We believe the alt coin market is starting a major rally and the indicator is a simple 1M MA50 (blue trend-line) test on the BTC Market Cap Dominance (BTC.D). Every time the market has touched its 1M MA50, the alts market (orange trend-line) has started an aggressive rally, which is what we call 'Altseason'. Since September 2019, this is the 3rd time we will have such a major Altseason event and since we are before BTC's Halving, it will most likely not be the last of the current Cycle.
Have you picked up your alts already??
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ADA vs ETH : Which is Better Buy ?Hi Traders, Investors and Speculators of Charts📈📉
Both Cardano and ETH have massive followings. When ADA was released, many argued it was going to be the "ETH killer" . (Don't shoot the messenger now).
But today's analysis is not going to be about fundamentals, or arguing which coin is better than which... instead, we're going to take a look at which coin has the most upside potential for the next bullish cycle. ADA or ETH? And also, what is the risk-reward?
First, let's take a look at SHORT TERM zones:
It's important to note that during the last bearish cycle, ETH lost 80% of it's ATH whilst ADA lost just over 91%, meaning that ADA falls much harder than ETH.
In the DAILY / also SHORT TERM / we see that ETH is ready to proclaim a new bullish cycle, but ADA not yet as ADA struggles to capture the 200d Moving averages:
From the weekly perspective, ETH is just about to reclaim all Moving Averages as support, but Cardano is lagging behind, still trading under the 50d MA (technically from a moving averages perspective, still bearish).
And finally, from a macro perspective logarithmic chart, ADA has yet to reclaim the 0.618 Fibonacci Log Channel, whilst ETH is already trading on top of it.
With all of the above said, there is a clear distinction that we can make between the two trades : ETH is a safer bet then ADA, but ADA has much more upside potential then ETH. This is where you need to decide what your appetite is for risk. ETH has a lower risk medium reward setup, and ADA has a high risk high reward setup.
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SOL rising? Elliott wave patterns.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#Solona
With the GCP set up!
Here are some #Elliottwave thoughts.
Honestly, a bunch more it could be from here.
Would have to eliminate the impulse up here for some.
EGLD Legit pump or gonna dumpDillies are great!
Time to prove its not a BS pump.
So going to be watching the retrace and depending on how it does, will look for an entry.
I will happily miss if leaves without a proper retrace.
Too risky with other assets being more technical.
This could maybe be an Elliott wave Ending Diagonal down W5 is sus.
Long to ShortHowdy friends,
I can't seem to figure out why I would want to post something bearish right now.
It doesn't matter if you bought coins a week ago, or yesterday, you'd be in profits!
When this market is high trending its beautiful.
But two things I can't seem to get over: One, the fact that this totally looks like a wedge or channel depending on where you place lines. Second, the fact that we did not have a long term accumulation on ETH like we did a good 4 years ago.
So maybe market makers would want to bring ETH below the lows after we reach anything between $2250-$2400.
So lets pay attention and see what comes out.
Trade thirsty my friends!
Alice in impulse land?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
One more leg up would make for a better looking impulse up.
A nice anchor to have!
To say the least.
Cheers.
Sol Elliott Wave countIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Laid out the possible bounce, other places.
Here is my conservative interpretation need to break the wave 3 high for a convincing completed Elliott wave impulse, or its just an ABC ZZ atm.
Cheers
Ethereum (ETH/USDT) Chart Analysis - Short-Term ProjectionIn this technical analysis, we will take a closer look at the Ethereum (ETH) price chart against the US Dollar (USDT) in a 1-hour (1H) timeframe. We will assess the current market situation and outline potential price movements for the near future.
Current Price: $1798
Chart Pattern: Bull Flag
Price Target: $2000 (Short-Term)
Technical Analysis:
The Ethereum price is currently trading at $1798, and the chart indicates the formation of a Bull Flag pattern on the 1-hour chart. This pattern is often seen as a bullish continuation signal, suggesting that the price may experience an upward movement in the coming days.
Key Levels to Watch:
Strong Support at $1750:
One crucial level to monitor is the strong support at $1750. If this level holds, Ethereum to make its way to the $2000 mark in the short term.
Resistance Levels:
$1850: A resistance level to consider on the way to the $2000 target.
$2000: The short-term price target for Ethereum, should the Bull Flag pattern play out as anticipated.
Trade Strategy:
For traders looking to capitalize on this potential price movement, consider the following strategy:
Exit Strategy:
If the $1750 support level is breached and the overall trend changes, it may be prudent to exit your position to minimize potential losses.
thank you.
Please Like and Follow me For more Quality Analysis.
Bitcoin current situation and future ) Guys, and Ladies, my congrats!
We will have the big chance in our future to make millions by crypto )
All information on graph.
The #3 big wave of big grand supercycle approx should take 1-2 million $ price.
Timing the same 10-12 years from 2024.
Also the same i'm checking on stables domination.
Good luck for all of us )
See on Y point in next 6 month )
XRP : Short Term, Take EXTREME CAUTIONHi Traders, Investors and Speculators of Charts📈📉
As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here:
Again I think there are better buys in the market than XRP right now. Alts with way better setups.
Incase you missed the previous update, here's some really important notices from my side. Also hence why I'm advising caution when trading XRP, especially if you're trying to swing trade:
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MATIC/USDT Technical Analysis: Deciphering the Chart SetupMATIC/USDT Technical Analysis: Deciphering the Chart Setup
Bullish Bounce from Symmetrical Triangle
MATIC currently trades around $0.65 after bouncing from the $0.52 level, which aligns with support of a symmetrical triangle on the daily chart.
Symmetrical triangles typically act as continuation patterns, so this bounce suggests a resumption of MATIC's uptrend within the triangle formation.
Favorable Higher Timeframe Structures
On the weekly chart, the symmetrical triangle takes shape as a larger bull pennant, which is also a bullish continuation pattern.
The confluence of constructive structures on the daily and weekly timeframes paints a positive picture for MATIC over the near term.
Measured Move Targets $1 Initially
The symmetrical triangle points to an initial measured move target of around $1 if MATIC can break out above the upper triangle trendline.
Reclaiming the key $1 level would likely propel additional upside momentum.
Potential for $5+ in a Bull Market
Looking longer-term, if MATIC breaks and holds above $1 decisively on the weekly chart, the bullish structures an extended move towards $5 first, with the potential for $10 in a sustained crypto bull market.
Monitoring Key Support at $0.50
If macro conditions worsen, keeping an eye on the $0.50 support level is prudent. A breakdown below $0.50 would invalidate the bullishness and introduce downside risk towards $0.20.