Another indicator showing you Altseason is hereTime for BTC to take a rest and let Alts shine. The moment we all waited for is here in front of us. Giving you a clear chart indicating alts pump
Altseason
LIT pump incoming LIT is ready for another pump after re-testing the demand zone
RSI bullish divergence
SHIB : Does SHIBA INU Have a Future?🤔📉Hi Traders, Investors and Speculators of Charts📈
Shiba Inu (SHIB) was initially created as a joke, based on the popular Shiba meme. However, unlike prior meme coins such as Dogecoin, SHIB operates as an ERC-20 token on top of the Ethereum blockchain, which means that the Shiba Inu network has access to a range of decentralized applications (dApps). This is one of the reasons that Shiba Inu is often referred to as the “Dogecoin killer.”
There is a fixed supply of one quadrillion SHIB tokens but Shiba Inu utilizes a token burn strategy, including manual and automatic burns, to manage token value and stabilize prices. The current circulating supply of Shiba Inu is 589.28T .
There is a larger network of cryptocurrency projects built around Shiba Inu, including:
👉 Shibaswap — a decentralised exchange (DEX)
👉 Shibarium — a layer 2 scaling solution for Ethereum
👉 Shiba Eternity — a play-to-earn (P2E) game
👉 Shib.io — the Shiba Inu metaverse
👉 Shiboshis — a non-fungible token (NFT) collection
In terms of future prospective, SHIB offers a unique value proposition as a meme-based cryptocurrency that has real dApps built around it. While most meme coins disappear quickly, Shiba Inu has the potential to continue building a community that can stand the test of time. The fact that Shib is still around and has such a large community has to count for something.
But let's talk about the biggest problem and obstacle to the price - the supply. In December 2023, Shiba Inu (SHIB) lead developer Shytoshi Kusama has teased that the project might undertake a massive burn soon. According to Kusama, almost $1.2 million worth of SHIB tokens might face incineration. SHIB's burn rate has taken a back seat in 2023, with sporadic, untimely burns occurring randomly.
The effect of this is evident on the chart, as the price fails to make new highs under the pressure of infinite amounts of coins/supply/sellers.
💭My personal take is this - Shiba Inu can be traded, and if a big burn occurs it will definitely be bullish for the price... but for how long? For now, the supply is the biggest downside and until the burn-rate is improved, it's a big chance to take based on a "tease".
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CRYPTOCAP:SHIB BINANCE:SHIBUSDT
Looking Long! Heavy Support formed, while in a triangle.Compare this Chart to BTC2 as per my X post, we can see a big base o support formed with volume, price traded around that POC support, then brokeout nearly 80%. I am expecting at least a breakout, % wise, who knows with these low vol alt coins.
APE - DailyApe coin experienced sustained selling pressure for several days. Following a notable rally, sellers have re-entered the market. And the price can fall at least to the resistance zone.
BLUR can go UP by Falling Wedge Pattern(➕40%)🚀📈Today, I want to check the Blur(BLUR) project for you, which can increase by at least ➕40% in the coming days.
📚What Is Blur (BLUR)❗️❓
🔸 BLUR is the native governance token of Blur, a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management and multi-marketplace NFT comparisons. It claims to have faster NFT sweeps, and a more intuitive interface than other comparable platforms.
🌐The latest News of the Blur(BLUR) project:
🔸The Blur team has unlocked a total of 485 million tokens since June.
🔸The latest transfer to Coinbase Prime did not cause a slide as BLUR climbed to $0.47.
🔸The price of Blur (BLUR) jumped to 9.57% in the last 24 hours, reaching a high of $0.47 in the process. This price increase occurred after a $23.26 million token unlock by the NFT marketplace and aggregator project. Per Etherscan, the Blur team transferred 49.82 million tokens out of its multi-sig wallet.
📉In terms of technical analysis, the BLUR token managed to form a Falling Wedge Pattern near the 🟢 Support zone($0.480_$0.395) 🟢 and 50_SMA(Daily) .
✅Currently, BLUR has succeeded in breaking the upper line of the Falling Wedge Pattern .
👀It is better to take a look at the BLURBTC chart before making a decision.
BLURBTC has managed to break the Downtrend line and has approached the 🔴Resistance zone🔴 with high momentum. I expect that BLURBTC can break the 🔴Resistance zone🔴 after a short pause and attack the 🔴Next Resistance zone🔴.👇
🔔As a result, I expect the BLUR token to start rising again after completing the pullback to the upper line of the Falling Wedge Pattern and at least up to the Resistance line and 🎯 Wedge's Target 🎯.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Blur Analyze ( BLURUSD ), 4-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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Tron TRX aiming for 0.13 short termBullish pennant, break out, retest, go! I just put it out here to see how this turns out.
We are on the verge of a powerful Altseason !!While the Bitcoin ETF is on the news, ETH has now bottomed against the Bitcoin pair.
Bitcoin dominance is breaking down of a bearish rising wedge and suggests dominance of King Bitcoin has likely topped.
Do not get me wrong: this is bullish for Bitcoin itself !!
However, a falling Bitoin dominance (which is bullish for Bitcoin) is utterly bullish for the Digital Asset space as a whole.
Altseason usually starts when RSI of the BTC dominance reaches avove 58% levels on the weekly chart. Recently it has touched 60% when all of a sudden the Bitcoin dominance has been violently rejected at the 55% level.
These are the avaited signs for an Altseason which will bring the dominance eventually all the way to under 25%, which would signify ATL all time lows for the share that Bitoin has in the digital asset market space.
Soon I will post my number 9 and 10 of the TOP10 project list. Stay tuned.
Long Setup, similar to $SUIThis looks an awful lot like the SUI play from yesterday. We had a false breakout on the 3rd attempt of a small descending channel or bullflag, with some POC support holding up the drops. We are making that third attempt at the breakout of the channel now on APT.
[Update HILO] Good token.I truly think we are going to end this cycle in Q3 2024 (max early early Q4).
Hilo is something I'm watching together with other mid caps coins (under 1B) or low cap coins (under 100m).
Litecoin LTC is not looking goodAlthough I’m bullish on most alts in medium term, Litecoin is looking pretty weak at this point. It seems a shoulder-head-shoulder pattern is forming on the weekly timeframe, indicating a move down back to approximately $25. Just putting this out here to see how it turns out.
BTC.D at its support. May rise soon, Alts dump is expected!BTC Dominance is at its major support and is expected to rise soon from this level, if this happens then we will witness a major drop in alt coins from 20% to 50% retracement.
major drop in some coins like MATIC, XRP, FTM, DYDX, LUNA could be seen in few days.
SUI - This ALT can EASILY x100📉Hi Traders, Investors and Speculators of Charts📈
I've been focusing on altcoins with use case and good upside potential and SUI is one of them. Although SUI has recently increase 70%, this altcoin can still increase exponentially from here once the market cap picks up.
Endorsed by Ledger; Sui is a decentralized layer 1 blockchain that uses a specific type of proof-of-stake consensus named delegated proof-of-stake. Sui is a unique blockchain using the Move language and parallel transaction execution, which allows it to process transactions much faster than its competitors.
In short, Sui aims to increase its scalability without compromising on security by using a combination of the native programming language Move, parallel processing of transactions, and delegated proof-of-stake consensus mechanism.
This way, Sui allows for fast, private, and secure digital asset ownership accessible to everyone.
The nascent project has a flourishing ecosystem of dApps ranging from NFT and DeFi to GameFi. With scalability and fees remaining a concern, more and more developers are expanding out to other ecosystems. SUI is a solid project and over time more and more people will start to build on it - and use it.
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BINANCE:SUIUSDT
BTC Dominance Dropping After A Resistance Bounce#BTC Dominance
When BTCD goes down ETH & ALTs go up.
The downtrend has now been confirmed, buckle up...
Watching for a daily breakout to .80BLUR has been holding steady in this consolidation zone, seeing the up moves much bigger than the down moves. Lets get another up move for alt season continuation, and we can see .80 easy after breaking out of this zone with some good volume.
📉📈 THETA Trade Analysis 📊💹🔍 Recent Price Movement:
THETA faced rejection at $1.45 three weeks ago and has been retracing since.
🎯 Current Resistance Zone:
Now within the $1.15 - $1.20 resistance area.
🔄 Potential Scenarios:
If rejected, further downside could test the next support at $0.975 - $1.026 or even $0.85 - $0.90.
📈 Trade Consideration:
Considering a long trade on THETA amid the potential for cash to shift from BTC into alts.
📅 Timing Around BTC Spot ETF:
Anticipating cash movement from BTC to alts following this week's BTC spot ETF announcement.
📣 Conclusion:
THETA's current position within the resistance area requires careful consideration.
Potential rejections may lead to testing lower support levels.
Trade decision may be influenced by broader market dynamics post BTC spot ETF news.
📰💹 #THETAAnalysis #CryptoTrading #MarketWatch 🌐📊
