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Altseason

Could we get better position to enter?This is my idea of how DOGE will go in near future. I think DOGE is still consolidating like BTC, looks like we might see little pullback to 0.12-0.13 area. That means completing 5 waves of Elliot wave theory. 0.13 might sound awful for those who invested in, but if DOGE ever hit 0.12 area again that means checking that area 3rd time and its gonna be huge confirmation to go up, maybe even higher high. Unless DOGE could close candle above 0.18 in 1D and 1W timeframe it is most likely to go down before the big impulse.
by terayu
Looks Interesting HereTraders, Though the alts are waiting on Ethereum for confirmation of further price direction, Storj looks like it's found its support and local low here. It's been in this accumulation phase/channel since April and both the RSI and AO are suggesting is is time to run. Also, after breaking the upside of that huge bullish triangle, we have already gotten the retest out of the way. I don't know where it goes from here but I can imaging doubling would not be out of the question.
COINBASE:STORJUSDLong
by stewdamus
Alt Season Is Quickly ApproachingLet’s wrap up by taking a look at our Total3 chart which includes all alts except ETH. This shows a strong bullish bias. We’ve broken to the upside of our triangle, retested the top of our triangle as support, and are now using that strong PoC from our VRVP as support along with our 50 & 100 day SMA. I love to see all of this as it signals good things to come from our alt space ahead. Total3 I continue to remain long in alts with almost 100% of my total public portfolio. My followers and I are at 11 wins with over 35% profit per trade. Our average trade is 11 days. Though these wins are great, I expect them to be blown out of the waters soon. Don’t miss out. The best is yet to come.
CRYPTOCAP:TOTAL3Long
by stewdamus
Notcoin(NOT) needs Correction ===>>-30%Notcoin(NOT) is up more than +30% , as I expected in yesterday's post . According to the theory of Elliot waves , it seems that the main wave 5 has ended, and the confirmation sign of the end of wave 5 can be the breaking of the Uptrend line . I expect Notcoin(NOT) to correct at least -30% and fall into the support zone . Note: An important point you should always remember is capital management and lack of greed. Notcoin(NOT) Analyze (NOTUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
39
Near Protocol: Bullish Breakout or Bearish Signal? Near Protocol: Bullish Breakout or Bearish Signal? A Potential 37% Downturn Near Protocol (NEAR) has been a beacon of relative stability in the volatile cryptocurrency market of 2024. While other altcoins have plunged, NEAR has managed to hold its ground. However, a recent price movement has some analysts sounding the alarm, suggesting a potential 37% crash on the horizon. Wedge Pattern and the Analyst's Call In early May, NEAR formed a technical chart pattern known as a "wedge." This pattern is characterized by price fluctuations confined within a narrowing range, with trendlines converging towards a point. While breakouts from wedges can signal either bullish or bearish continuations, the specific characteristics of NEAR's breakout have a crypto analyst predicting a significant downturn. The analyst argues that the way NEAR broke out of the wedge is a bearish indicator. They believe the price may experience a period of consolidation around its current level ($7.30 as of May 31, 2024) before an "impulsive" downward movement. This movement could initially see the price drop by 8% to $6.78, followed by further declines to $6.00 and a potential bottom around $4.60. If this scenario plays out, NEAR would experience a total decline of 37%. Metrics Supporting the Downturn Theory The analyst's prediction finds some support in recent developments surrounding NEAR's market metrics. After a strong start to 2024, NEAR has seen a decline in price over the past month. This price drop coincides with a notable decrease in daily trading volume, suggesting a potential weakening of investor interest. While NEAR has outperformed many other altcoins, the overall bearish sentiment in the cryptocurrency market could also play a role in its future price movement. A broader market downturn could drag NEAR down even if its project fundamentals remain strong. Understanding Wedge Patterns and Analyst Predictions It's important to remember that technical analysis, including wedge patterns, is not an exact science. Past performance is not always indicative of future results. While the analyst's prediction offers a bearish perspective, it's just one voice in a crowded space. Here are some additional factors to consider: • Positive News and Developments: News about partnerships, project developments, or upcoming upgrades could trigger renewed investor interest and push the price upwards. • Market Sentiment Shift: A broader shift in market sentiment towards optimism could buoy NEAR's price regardless of the technical indicators. • Unforeseen Events: Unexpected events, both positive and negative, can significantly impact the cryptocurrency market. Investor Takeaway: Research and Diversification The potential for a 37% decline in NEAR price should be a wake-up call for investors. It underscores the inherent volatility of the cryptocurrency market. Investors should thoroughly research NEAR's project fundamentals, roadmap, and broader market outlook before making any investment decisions. Diversification is also crucial. Spreading investments across various cryptocurrencies and asset classes can help mitigate risk. Conclusion Near Protocol's recent breakout from a wedge pattern has sparked debate among analysts. While some see a potential 37% crash on the horizon, others remain cautiously optimistic. Ultimately, the future price movement of NEAR will depend on a combination of technical factors, project developments, and broader market sentiment. Investors should carefully consider all available information before entering or exiting any NEAR positions.
Short
by bryandowningqln
1
Notcoin(NOT) is Ready for another PUMP===>>+30%+40%Notcoin(NOT) has increased by more than +120% in the last five days. One of the main reasons for this increase is that the Notcoin(NOT) team announced its new AirDrop and new ways for game users to earn money, which led to investors' interest in the token once again. In terms of technical analysis , with the help of the Rounding Bottom Pattern . According to Elliott's wave theory , Notcoin(NOT) seems to have completed wave 3 and is currently completing wave 4 . If the one-hour candle closes above $0.009136 , we can confirm the end of wave 4 . I expect Notcoin(NOT) to rise to the Potential Reversal Zone(PRZ) after wave 4 is completed. Note: An important point you should always remember is capital management and lack of greed. Notcoin(NOT) Analyze (NOTUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
15
Polkadot to 31.Polkadot made a higher high in March, since then Dot went down by 41% and still consolidating. 41% may sound awful but it is a great opportunity to invest or do futures trading. 5.5-6 would be a very comfortable area to consider investing or trade. As you can see Fibonacci 0.5 and 0.618 are perfectly lined with crucial zones. I will be taking profits at those green lines. For Spot trading I suggest HODL a little longer till Dot makes a higher high. Hope you can understand and sorry about my English.
Long
by terayu
Let's hope ETHEREUM DOES NOT do THIS 😨BINANCE:ETHUSDT Ethereum is looking bullish after a strong bounce and a successful retest of the support zone at 2800. According to all Fibonacci logic, we SHOULD be hitting the 1.618 zone SOON. But we're not out of the woods just yet. There's a risk of a very bearish pattern forming IF we cannot close the daily ABOVE our previous resistance zone. This would form a nasty M-Pattern that could takes us back to 2800 and even lower. Technical indicators are extremely bullish right now, but this does not guarantee that sellers aren't waiting for us around the corner at 4000. Naturally, we can expect ETH to keep on following BTC closely over the next week. If Bitcoin makes another leg up, Ethereum will soon follow a day or two later. _______________________________
Long
by CryptoCheck-
EURO & Olympic games are close / CHILIZ can reach $0.3 level! BINANCE:CHZUSDT COINBASE:CHZUSD Hello Traders Chiliz is one of my suggestions for the altcoin market. You can clearly see long-term accumulation of the price and the break in pitch-fork structure strictly. Highly potential for the alt rally season. The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲 As the Olympics and Euro games approach, the demand for betting on matches and sports tokens will increase.
Long
by CrazyS
GALA/USDT READY TO LIFTOFF!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. I have recently shared many trade setups and I also told you first that BTC dominance is rejected and alt season is around the corner. Hope you listened and already made some good gains. Our recent trade setups:- SHIB/USDT- 35% UP BONK/USDT- 70% UP AI/USDT- 25% UP JASMY/USDT- 30% UP NFP/USDT- 15% UP WIF/USDT- 48% UP You can check all these trade setups in my profile. Now, let's move on to our next setup. GALA/USDT looks good here. Forming a structure similar to JASMY. Soon it will explode. Buy some here and add more in the dip. Entry zone:- $0.044-0.046 Targets:- $0.052/$0.068/$0.098 SL:- $0.040 Let's Discuss! What are your thoughts on GALA's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
3
More BAD NEWS for XRP !!BINANCE:XRPUSDT & BINANCE:XRPBTC The price has lost a long-standing trendline which acted as support, a bearish sign for the foreseeable future (until we can reclaim daily candles above): XRPBTC is about to head for previous lows, during which time the price of XRP was 0.23c: This further supports my suspicion that XRP may be heading back to the 0.20s, as seen here: It is, however, important to note that each time the XRPBTC hits the bottom of a triangular consolidation, there is a small increase in the price. This could mean that we see another leg up before dropping lower: as you can see from the chart, we are now nearly back at XRPBTC level's that lead to the previous parabolic pump. Will this time be the same? I don't think so. XRP has been showing extreme weakness. However, it never hurts as a small part of a diversified portfolio... just for incase. __________________________
Short
by CryptoCheck-
$PIXEL broke out this falling wedge pattern!NGM:PIXEL broke out this falling wedge pattern and currently retesting it. Entry: accumulate above $0.39 Target: Midterm target 50% long term target 200% This coin is available in both spot and futures. You can buy it on the spot, or if you want to long it on futures, you can do so with a stop-loss at $0.35. ABOUT NGM:PIXEL Pixels is a social casual web3 game on the Ronin Network, featuring an engaging open-world experience centered on farming, exploration, and creation. DYOR, NAF #Crypto #ALTCOIN
Long
by CRYPTOMOJO_TA
🚨ALTSeason Alert🚨: Why It's Imminent ??The cryptocurrency market is buzzing with anticipation as many analysts and traders believe an altseason is on the horizon. Altseasons are periods in the market cycle when altcoins (alternative cryptocurrencies) outperform Bitcoin (BTC), the leading digital asset. Several factors suggest that an altseason could be imminent, and this article will explore these indicators and highlight promising altcoins to watch. Altseason Index Signaling a Shift: The Altseason Index, a metric that tracks the relative performance of altcoins against Bitcoin, currently indicates a Bitcoin dominance-led market. However, the index is approaching a critical inflection point where it could break below its trendline, signaling a potential altseason. Bitcoin Dominance Poised for a Breakout: Bitcoin's dominance, which represents its share of the total cryptocurrency market capitalization, has been trading within an ascending wedge pattern. This pattern suggests a potential breakout, with a downward move indicating a shift of power towards altcoins. A decline in dominance below 40% is often considered a hallmark of an altseason. Bitcoin dominance chart showing an ascending wedge pattern Ethereum (ETH) Gaining Strength: The ETH/BTC price ratio, which measures the relative performance of Ethereum (ETH) against Bitcoin, has been on an upward trend. This trend suggests that ETH is gaining strength relative to BTC, potentially signaling a shift in market sentiment towards altcoins. ETH/BTC price ratio chart showing an uptrend WIF (WazirX India Token) Poised for a Breakout: WIF, a cryptocurrency native to the WazirX exchange platform, has been forming a massive ascending triangle pattern on the daily timeframe. This pattern suggests a potential breakout towards $10, making WIF a promising altcoin to watch for the upcoming altseason. WIF/USDT chart showing an ascending triangle pattern Additional Factors Supporting an Altseason: Increased Institutional Interest in Altcoins: Institutional investors are showing growing interest in altcoins, as evidenced by rising investment inflows and the launch of altcoin-focused products. Strong Fundamentals of Many Altcoins: Numerous altcoins have strong underlying fundamentals, innovative use cases, and active developer communities, making them attractive investment opportunities. Market Sentiment Favoring Riskier Assets: The overall market sentiment is shifting towards riskier assets, which could benefit altcoins as investors seek higher potential returns. Conclusion: While the exact timing of an altseason cannot be predicted with certainty, the confluence of several indicators suggests that it is imminent. Altcoins like WIF, with strong technical patterns and solid fundamentals, are poised to make significant gains during this altseason. However, it is crucial to exercise caution and conduct thorough research before investing in any cryptocurrency.
Long
by Yaroslav_Krasko
1
Altcoins Pre Rally- Ok here i will try to explain altcoins markets possible movements before the real bullrun. - so i called it " Pre Rally ". - why i always use Cardano as exemple ? - Because Cardano is older than other altcoins projects and have liquidity. - Why i don't use Ethereum ? - Because ETH is stronger than regulars altcoins ( i don't consider it as altcoin ) --------------------------------------------------------------------------------------------- - what is important to look at in this chart : --------------------------------------------------------------------------------------------- - Bottoms ( 0% Fibo ) - impulsive first extension ( 261.8% Fibo - Green Rectangles) - retracements ( 161.8% Fibo - Red Rectangles ) - Rejections ( Red Bubbles ) --------------------------------------------------------------------------------------------- - i will post in comments some others projects and you will get it fast. - Feel free to add your favorite project in comments and i will update the comments sections. - Don't ask if project is too young. - Numbers are not rally hazardous when you use Fibo the good way. - Don't forget Trading is analyzing the past and try to get the future. Happy Tr4Ding !
KRAKEN:ADAUSD
by thecryer
15
Solana - Why You NEED THIS Indicator📢COINBASE:SOLUSD SOL is flashing some bullish signs on the indicator and it seems that we're gearing up for another move towards the upside. This is the indicator that I used to call the new BTC bullish cycle in November last year, as seen below: In 3 short minutes, we'll discuss the functionality of this technical indicator and why it's really helpful when monitoring the market. Make sure you don't miss my most recent update on BTC, and why I say another ATH is imminent: ____________________________
COINBASE:SOLUSDLong
by CryptoCheck-
1