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LOKA/USDT Scalp Chart ANalysisDear Traders:- I would like to present a scalp analysis for the LOKA/USDT pair, which is currently trading at $5524. The pair is currently trading in a parallel channel and has already broken out of its resistance level. Our suggested entry point for this trade is at $0.5744, with targets set at $0.6246, $0.6735, $0.7429, and $8335. We recommend placing a stop-loss order at $0.5290 once the entry point is hit. It is crucial to keep a close eye on the chart and wait for the price to hit our entry-level before buying. We advise against jumping in right now and waiting for the entry point to be reached. In terms of support and resistance, the support level is at $0.54, while the resistance level is at $0.57. We appreciate your support and kindly ask you to follow us for the latest real-time updates in the cryptocurrency market. Thank you for your attention, and happy trading!
Long
by CryptoPatel
1
Shib bounced!If you find this info 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! Looks like shib bounced off of a known flipped area. Just as long as it continues barking... I mean breaking these levels and flipping them to support could keep climbing. Next level coming up is 1165. Could reject of course so would wait for it to pop up and find support on this or one of the other levels, on the bull side. Cheers!
Long
by CryptoKnee
Ethereum Technical Analysis UpdateETH/USDT Techncial Analsyis:- The current market analysis of the ETHUSDT pair reveals that Ethereum is currently trading at a significant resistance level. Although the market is showing signs of a potential upward breakout, caution is advised as this is a crucial point to observe. If Ethereum breaks above this resistance level, the next possible targets are in the range of $3000-$3500. However, if the resistance level proves too strong, we may see a bearish reversal, with the price dropping back to $1360. The chart analysis also indicates that a bearish pennant pattern is forming, which could result in a significant price drop to the range of $500-$700 if the price breaks below the $1350 level. Traders are advised to avoid volatile wicks and wait for confirmations before making any trades. If Ethereum manages to close above the $1760 level in a high-time frame (HTF), it could signal a shift towards bullish momentum. Conversely, if the price remains below this level, the bearish sentiment may continue. To sum up, the key support and resistance levels to watch for in the ETHUSDT pair are $1350 and $1760, respectively. Traders are encouraged to exercise caution and follow the latest updates for informed decision-making.
BITFINEX:ETHUSDShort
by CryptoPatel
1
Polkadot (DOT) Blockchain Infrastructure and Smart ContractsPolkadot (DOT) Blockchain Infrastructure and Smart Contracts: Web3 Foundation and Parity Technologies ➡️ Web3 Foundation web3.foundation , based in Switzerland, is an organization dedicated to promoting Web3 technologies, with Polkadot as its flagship product. Its founder, Gavin Wood, was one of the co-founders of Ethereum and played an important role in developing the leading altcoin, including the widely known Solidity programming language. ➖ In the last four years, Web3 Foundation has granted a total of 480 grants to various projects ( medium.com ). The numbers include 60 grants in 2019, 147 in 2020, 123 in 2021, and 150 in 2022. ➖ Parity Technologies ( www.parity.io ), founded by Gavin Wood, is the company behind Polkadot blockchain. Wood served as CEO of Parity for many years and currently serves as the company's Chief Architect. ➖ Since the launch of parachains in late 2021, Polkadot has become a large and diverse ecosystem with 74 parachains currently active on the network ( polkadot.network ). In total, there are about 550 projects running or in development on Polkadot's technological stack. ➖ Over 200 teams have launched or are creating their own blockchains on the Polkadot network, recognizing that this model better suits their needs. 🎉 Exciting news arrived in November 2022 when Web3 Foundation announced after three years of collaboration with SEC that Polkadot's native token, DOT, has transformed and is no longer considered a security. Web3 Foundation's Polkadot Reaches New Milestones in 2022: Record Development and Tokenomics Explained 💥🚀 In 2022, the Web3 Foundation grant program reached two important milestones: receiving its 1000th grant application and supporting its 400th project. It's no surprise that Polkadot's development reached record levels in 2022. DOT is the native token of the Polkadot network. ➖ Polkadot has no maximum coin limit (inflationary model), and rewards are distributed through the protocol's staking mechanism. ➖ Currently, there are 1.16 billion DOT tokens in circulation. It is expected that the supply of DOT tokens will reach 1.5 billion by January 2025 ➖ Check out the detailed tokenomics ( www.coingecko.com ) and Polkadot's roadmap ( polkadot.network ). Priorities include scalability, inter-parachain communication, Relay Chain management, staking, and bridges to other ecosystems. 💥 In 2022, the project truly showed good development dynamics. However, it's important to keep in mind that Polkadot is still a very young ecosystem (the average parachain has been on the network for only about 6 months). This year, the project team will need to put in a lot of effort to keep up with the race of leading blockchains.🚀
Long
by UnknownUnicorn285026
The GMX (GMX) DEX Token: 🔍 Enigmatic and 🤔 ConvolutedDiscovering the GMX (GMX)DEX Token: A 🌐 Decentralized Exchange with Mind-Blowing Features The GMX (GMX) DEX Token is a 🌐 decentralized exchange for both spot and margin trading, boasting a credit leverage of up to a staggering x50. It was launched in September 2021, and it supports the seamless functioning of two networks, namely Arbitrum and Avalanche. The 🤫 enigmatic and mysterious GMX team remains entirely anonymous, and there are no confirmed external investors. The exchange is governed and managed by the community of GMX token holders. Interestingly, since its inception in September 2021, the usage of the GMX exchange has been steadily growing. Even amidst the bearish market in 2022, the Total Value Locked (TVL) on the smart contract project has increased by more than a staggering 300%. GMX (GMX) DEX Token's Mind-Boggling Financial Performance As of March 9th, 2023, the TVL on GMX stands at a staggering 💰 $607.5 million, ($512.04 million in the Arbitrum network and $95.45 million in the Avalanche network). At present, GMX stands as the best-decentralized application on the Arbitrum network, primarily due to its exemplary TVL performance. Since its establishment, the total trade volume on the GMX exchange has been steadily approaching the 💲 $90 billion mark, and the overall platform fee has already exceeded a staggering 💰 $130 million. The number of unique users in 2023 shows an upward trend, and a more detailed statistical breakdown on GMX can be viewed through the link provided. GMX (GMX) DEX Token's Robust Market Prices and Secure Smart Contracts The market prices on GMX are primarily anchored on Chainlink oracles, which gather information from leading exchanges, thereby providing protection for positions against liquidation caused by erratic ticks from a single automated market maker. The smart contracts on the GMX exchange have undergone an audit by ABDK Consulting. The GMX token is used to manage the ecosystem of the decentralized GMX exchange. Notably, all platform fees are distributed between the GMX token holders and liquidity providers, with 30% going to GMX stakers and 70% going to liquidity providers. The maximum token supply is planned for 13.25 million GMX, which may be increased in the event that more products are launched and users need to be incentivized to provide liquidity. Any changes to the project's tokenomics will be subject to the relevant voting process. Currently, there are 8.5 million GMX tokens in circulation. For more detailed information on the project's tokenomics, please refer to the exchange's blog. GMX (GMX) DEX Token: A Viable Alternative to Centralized Exchanges There is no information in the exchange's blog on any significant events to expect in the near future. The GMX exchange represents a viable alternative to centralized exchanges, providing both traders and liquidity providers with opportunities to trade and earn. According to Zion Market Research's 2021 report, the DeFi market was valued at 💰 $11.96 billion. It is expected that this figure will exceed 💲 $232.2 billion by 2030. Betting on GMX represents a bet on the continued growth and development of the DeFi market, especially given that it is the leading protocol by TVL on the Arbitrum network, which is yet to reach its peak in popularity. The fully anonymous team is undoubtedly a risk. However, this also isolates GMX from unwarranted lawsuits. It is also worth considering that the value of the GMX token has risen significantly over the past few months. Sellers may apply significant pressure to lock in profits. 🤔 CONSIDERING THE ABOVE, the picture looks as follows: purchases from 💲$50.
CRYPTO:GMXUSDLong
by UnknownUnicorn285026
Bitcoin Short Still Expecting but after some upward move#Bitcoin Technical Analysis:- - Anticipate a rebound in Bitcoin with a retest of the $21,200 to $21,400 level. - Traders are currently opening short positions at the wrong levels, instead of $22,500 to $24,000 levels. - Wait for a good opportunity before opening any positions. - Expect another downward move before an upward move towards the $21,200 to $21,400 level. - A failure to hold the parallel channel support could lead to a free fall in Bitcoin prices, possibly towards the $16,000 level.
COINBASE:BTCUSDShort
by CryptoPatel
5
Uniswap: A Decentralized Exchange with High Potential🔥UNISWAP: A Decentralized Exchange Token with High Potential🔥 Uniswap is not just a decentralized exchange but also a solution to the problem of high spreads for illiquid assets. The project aims to incentivize professional market makers to provide liquidity for slow-trading assets. The UNI token, an ERC-20 token on the Ethereum blockchain, is used for governance of the protocol. Currently, there are 762,209,327 UNI in circulation, with a total supply of 1 billion. Once the total supply is reached, Uniswap will introduce a 2% "perpetual inflation rate" to sustain the network. The detailed distribution of UNI tokens can be found on their website. Uniswap: Potential to Surpass Coinbase in Trading Volume In Bitwise's investor letter dated January 11, 2023, one of the largest cryptocurrency asset managers made a prediction about the development of the crypto industry in the new year. Bitwise predicted that Uniswap, the leading decentralized exchange, will surpass Coinbase, the largest US exchange, in trading volume in Q4 2023 and may never look back. The future is decentralized, and Uniswap is already living it. In addition, Uniswap's third version of the decentralized exchange protocol will be deployed on the BNB Chain after the vote by Uniswap users. This potential move could increase the user base and expand cooperation with the Binance ecosystem, potentially increasing TVL by more than $1 billion with the addition of up to 2 million new users. Uniswap's Growth Potential Uniswap has come a long way since its inception in November 2018, becoming the world's largest decentralized exchange by trading volume. But has the project reached its growth limit or does it still have significant potential? 2022 saw many major centralized exchanges going bankrupt, which led to an influx of new users to the DeFi sphere, where Uniswap operates. The trend toward using decentralized exchanges is only gaining momentum, and in 2023, major Layer-2 networks like zkSynk and Base are launching, with Uniswap set to launch its protocol on these networks. Moreover, Uniswap is betting on the development of mobile services, recently presenting its mobile app. The app will allow users to trade on the go, making Uniswap more accessible and convenient. Conclusion 👉 Conclusion: With its innovative solutions to liquidity issues and governance mechanisms, along with its commitment to decentralization, Uniswap has the potential to become one of the most important players in the cryptocurrency industry. Keep an eye on this token! 👀 Uniswap and SP500 Decline: Accumulate UNI Coin at $3.35-$4.20 📉 I must note that Uniswap is currently declining along with the entire crypto market. Additionally, the SP500 is also experiencing a decline, and there is a high likelihood that it will fall significantly in the medium and long term, with a stronger drop than that of 2008. Returning to the UNI (Uniswap) coin, I suggest accumulating it at the established lows of this accumulation corridor. I consider the best accumulation prices to be $3.35 - $4.20. Altcoins have already gone through a similar situation in 2018-2019, with 1-2 years of accumulation followed by 1 year of growth alongside or after Bitcoin. Future of Cryptocurrency Trading: Uniswap and DyDx Leading the Way Amid Tightening Regulations and Bitcoin's Potential $250,000 Price Looking ahead for the next few years 🚀, with cryptocurrency regulations and taxes becoming more prevalent, many people may leave centralized exchanges due to massive account blocks and the inability to prove the source of their funds. For some time, Uniswap and DyDx are likely to lead in trading. However, Ethereum may also face tightening regulations, leading to wallet blocks for USDT, USDC, Ethereum, and other tokens. In such a scenario, anonymous coins such as Monero, Litecoin (mimble wimble), and Bitcoin with the Taproot system could become a new trend. We shall observe. Oh, and in the next couple of years, I expect Bitcoin to reach a price of $250,000 due to high inflation worldwide. 💰
CRYPTO:UNIUSDLong
by UnknownUnicorn285026
ALTS attempting to break the 2 year Falling Wedge!The Crypto Total Market Cap excluding Bitcoin, has been trading within a Falling Wedge pattern for the past 2 years. Being kept from breaking above the 1W MA50 (blue trend-line) for three straight weeks, it appears that as the 1W MA200 (orange trend-line) continues to support, it will start to squeeze the price action and most likely will cause a break upwards as in May 2019. First target of the Falling Wedge break-out is the 0.5 Fibonacci retracement level at 860. Alts are heating up! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:TOTAL2Long
by TradingShot
9
GMXUSDT -BULLISH Harmonic Bat🦇 +30% TPHi Traders, Investors and Speculators of the Charts 📈📉 Harmonic Bat Patterns or Cypher Patterns are a great way to setup a trade, if you can spot them . They are generally hard to spot, but plotting one out gives you a clear entry, stop loss and three TP (take profit) levels. GMXUSDT is already past the entry and the first TP, but TP 2 and TP 3 are still possible. Here's a little bit more info on what to look out for on a Harmonic Bat Pattern : And if you're looking for a quick masterclass on Harmonic Patterns bullish and bearish, find it here : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
36
ALT SZN prediction possible play Others.Dominance or Alt.Dom have historically proven to follow the pattern which with time has formed a clear "rising wedge". Some things we can identify from this analysis -We have defined a clear top and bottom by confirming 2 points up and down. -As of now, we have broken the support of the trend but keep in mind Others.D is just basically an index of how altcoins are growing and how much money is being poured into altcoins so it is only bound to go up as it is not a stock or commodity that should be volatile. - Corona and the crash from 2017 were proved to be the worst events happened in crypto as shown in the chart. My prediction: We are bound to go to a 38-53% Alt dominance market in the near future 2024 looks likely or by 2025 with AI impulse narrative. This will trigger a major bull market in the near future. This is one of the most important indicators to follow up and stay updated.
CRYPTOCAP:OTHERS.DLong
by CryptoGao1
2
GAL/USDT Bearish Chart AnalysisHello, Let's discuss the technical analysis of GAL/USDT. Currently, the trading price of GALUSDT is at $1.7, which shows a 71% increase from the recent bottom. In comparison to the recent bottom of December 2022, the price has gone up by 180%. As per the chart in the higher time frame, if the White TrendLine support level is not breached, we might witness further downtrend in GALUSDT. The current resistance level for the cryptocurrency is at $2. If the price fails to break through this level, I expect it to test the $1 mark within the next few weeks. Therefore, it is recommended to keep a close watch on the support and resistance levels for GAL/USDT, which are at $1 and $0.5 for support, and $2 and $2.5 for resistance. If you find this analysis helpful, please click the like button and appreciate my hard work. Do follow me for the latest real-time updates on cryptocurrencies. Thank you.
GShort
by CryptoPatel
1
Loco and Avalanche (AVAXUSDT)Loco's launch of LegendsByLoco on #Avalanche is a significant move for both the streaming platform and the #crypto coin. Avalanche is a well-established #cryptocurrency with a growing user base, and the #partnership with #Loco will likely drive even more adoption. The launch of #LegendsByLoco on Avalanche is a significant development for Loco, as it allows users to participate in player-owned fantasy esports. This is a unique feature that sets Loco apart from other #streaming platforms, and it could help the company continue to dominate #India's streaming market. Furthermore, the partnership with Avalanche gives Loco access to a reliable and secure blockchain platform that can handle high transaction volumes. Avalanche's consensus mechanism is designed to support high throughput and fast confirmation times, making it an ideal choice for Loco's fantasy esports platform. Overall, Loco's partnership with Avalanche is a smart move that could help the company maintain its position as India's largest #video #game streaming #platform. With more than 50 million users and counting, Loco is well-positioned to take advantage of the growing interest in player-owned #fantasy #esports, and its partnership with Avalanche gives it a solid foundation on which to build. Target zone: $37,90 - $41.00
Long
by UnknownUnicorn285026
1
(ATOMUSD) has good growth potential to values of $20.00Bitcoin has shown growth to values of $25,000. By April and possibly including the month of April, Bitcoin may gradually reach around $30,000. Altcoins currently have good entry points for a mini alt season. I have selected coins that are interesting to buy in this mini alt season and that have potential for growth. — The coin ATOM (Cosmos) is a buy point at $14.00 — The zone ATOM (Cosmos) for profit-taking is $20.00 — The peak price is most likely to be in April
Long
by UnknownUnicorn285026
1
EOS ready to breakout in the coming monthsEOS has a myriad of milestones being rolled out in the coming months & its chart shows some room to run along the way. I've added some target levels to watch, plus a few paths price can take. Short-term it may double-top and pullback to offer a better entry. Additional Confluence: There's a possible Adam\Eve or Cup & Handle forming. Price on 1D chart is currently above EMA200 & Golden Cross Approaching. I'll likely take a position after the pullback from the Double-Top or upon a breakout of the local resistance (red rectangle). 1. If the Double-Top plays out: I'll take a position at the neckline with a tight stoploss. Then re-enter just shy of the Double-Top measured move if my stoploss is hit (lookup Double-Top patterns if you're not familiar). 2. If price breakouts out: I'll take a 50% position upon breakout and then additional 50% on the retest (adding a generous stoploss below the original breakout point in case of deviation). coinmarketcal.com
COINBASE:EOSUSD
by CryptoCintron
"Shiba Inu Coin Technical Analysis: Descending Triangle Pattern "Shiba Inu Coin Technical Analysis: Descending Triangle Pattern Indicates Bearish Momentum, Traders Beware!" Shiba Inu Price Analysis:- Shiba Inu (SHIB) has recently faced a correction phase amid increasing bearish sentiment in the cryptocurrency market. The coin created a local top at $0.00001575, after which the daily chart revealed a downward trendline and horizontal support, indicating the formation of a descending triangle pattern. As a result, the SHIB price has been responding actively to this bearish pattern, and traders may be interested in knowing how to trade this pattern. Here are the key points of the SHIB price analysis:- The SHIB price has entered a correction phase after reaching a local top at $0.00001575 amid increasing bearish sentiment in the crypto market. The daily chart indicates the formation of a descending triangle pattern with a series of lower highs, suggesting a weakening of bullish momentum. A potential breakdown below the $0.00001170 support level could trigger the bearish pattern and lead to a further price drop. The intraday trading volume of SHIB currently stands at $172,906,077 ( $172.9 Million ) , indicating a 9% loss and a bearish sentiment among investors. Traders should approach the SHIB market with caution, considering the bearish trend and the potential breakdown of the key support level. Technical Analysis Update:- The current correction in the Shiba Inu coin is being governed by a descending triangle pattern. Traders have observed that the coin's price has repeatedly reverted from the pattern's resistance trendline and horizontal support. As a result, traders are closely monitoring this bearish continuation pattern and its potential target. At present, the SHIB price is trading at $0.00001241 and remains above the neckline support of $0.00001170. With a 0.15% increase in price today, the memecoin is expected to resume its ongoing consolidation and reach the overhead trendline. In summary, the SHIB price analysis suggests that traders are closely monitoring the descending triangle pattern and its potential target. The coin's price is currently hovering above the neckline support, and a price increase is expected to resume the consolidation phase. The ongoing correction in the SHIB price is likely to be governed by this bearish pattern, and traders should be cautious in their approach. The area between the overhead trendline and neckline support is likely to be designated as a no-trading zone for the SHIB price. Interested traders must wait for a breakout opportunity to get a better confirmation of the price trend. If the price of SHIB breaks below the $0.00001170 support level with a daily candle closing, there is a higher possibility of increased selling pressure. In such a scenario, traders may consider taking short entries at this breakdown, which could cause the price to plunge by 22% down to reach the $0.00000945 support level. In summary, traders should be cautious in their approach to the SHIB market and closely monitor the price movement for potential breakout opportunities. A bearish breakdown below the $0.00001170 support level could trigger increased selling pressure, and traders may consider taking short positions. A price drop of up to 22% down to the $0.00000945 support level is a possible outcome in this scenario. Technical indicator Overview:- RSI:- The daily Relative Strength Index (RSI) slope for SHIB has dropped below the midline, indicating a shift in market sentiment from bullish to bearish. This suggests that the sellers are gaining control of the market and that caution is advised when considering any potential trades. EMA's:- The 50-day and 200-day Exponential Moving Averages (EMAs) are moving closer to the $0.00001170 support level for SHIB, which is strengthening its support power. This convergence of EMAs is a significant technical indicator and suggests that the support level is becoming increasingly important. Traders should closely monitor the price movement around this level as a breakdown could trigger a sharp price drop. If you found my content and analysis helpful, please consider liking, sharing, and following me. Your support is greatly appreciated and helps me to continue producing high-quality content for you. Thank you for your support!
Short
by CryptoPatel
3