Ethereum Eth usdt Daily analysis
Time frame daily
Risk rewards ratio >2
Ethereum Will Lead New Wave of Altcoin Uptrend
altcoins are likely to rise after a major cryptocurrency takes the lead.
Ethereum’s rise would be very favorable for the altcoin market. I believe that Ethereum is very close to breaking resistance and starting its long-term uptrend, and a weekly candle close above $3,700 could end the 2024 downtrend. I also noted that Ethereum’s move above $3,100 would cause capital to shift from Bitcoin to Ethereum and then to mid-cap and smaller coins. As for Bitcoin, I believe that a daily candle close above $97,450 could see the bullish trend continue to near $100,000.
Altseason
Bitcoin Dominance and Altcoin PerformanceAs anticipated in our previous analysis, Bitcoin dominance has encountered resistance at around 61%, subsequently declining to its current level of 55.6%, where it is now testing a significant support zone.
At this juncture, we may observe a potential bounce at the current support level. However, should the downward trend in dominance persist, the next critical support level to monitor is approximately 51%.
While we are witnessing substantial gains in altcoins, attributed to the recent decline in Bitcoin dominance, it is important to note that we are still in the early stages of this market shift. Current indicators suggest that a full-fledged altseason has yet to materialize, although we are moving in a positive direction.
In summary, the key support levels to watch are as follows:
55.6% (current level)
51%
The 2022 lows at 39%
We will continue to provide updates and further analysis as the market situation evolves.
Arbitrum is back!ARB (Arbitrum) is making a major comeback, climbing back to the $1 mark!
After facing turbulence in the market, ARB is showing signs of resilience and strength. But here's where it gets even more exciting — we're potentially witnessing the formation of a *Golden Cross*!
For those who are familiar with technical analysis, a Golden Cross occurs when a short-term moving average (like the 50-day) crosses above a long-term moving average (such as the 200-day), signaling a possible breakout and a bullish trend ahead.
Could this be the start of a new uptrend for Arbitrum? With growing interest in Ethereum Layer 2 solutions, ARB's return to the $1 level could just be the beginning of something much bigger. The network’s speed, scalability, and low transaction costs continue to make it a standout player in the Ethereum ecosystem.
As more users flock to decentralized applications (dApps) and DeFi platforms, Arbitrum is well-positioned to capitalize on the growing demand. If the Golden Cross plays out as expected, we might see a surge in price momentum, attracting more investors and traders looking to ride the wave.
While the market is still volatile and unpredictable, ARB's return to $1 is a promising signal of potential bullish action in the near future. Keep an eye on the charts, because things could heat up fast!
Analysis of TOTAL2 TargetsAs we can see, the overall trend is bullish. After breaking the March high, the only remaining step for the market to truly thrive is to break the most recent peak and form a new high. There is only one direction now: upward.
The potential paths for this upward movement are as follows:
Scenario 1:
A pullback to the 1.27T level followed by a strong continuation to the upside.
Scenario 2:
A direct upward move without any significant correction.
Potential Milestones After Breaking the All-Time High:
2.11T
3.57T
11T (final target)
The market is showing promising signs of strength, and these key levels could be the focus for the next phases of growth.
Let’s keep a close eye on price action and prepare for what’s coming!
$BTC.D dominance again overheated. Time for the Alts to catch upCheck out this chart— CRYPTOCAP:BTC is on fire, but the market? Totally overheated. 🚀🔥
Sure, CRYPTOCAP:BTC dominance had its pump, but now all the indicators are screaming *RED ALERT*:
- **RSI** is overbought with a bearish divergence.
- **MACD** just hit a bearish crossover.
- Sitting pretty (or not) at the **61% resistance**.
Translation? We’re ripe for a (much-needed) dominance correction. Expect CRYPTOCAP:BTC to chill sideways this weekend, with a likely correction kicking off next week.
Now, about those altcoins... 🤔 The memes have already had their moment—most hitting ATHs. But hold up! There's still plenty of action brewing:
CRYPTOCAP:ETH is waiting to pump, all the DEFI ( CRYPTOCAP:RUNE , CRYPTOCAP:UNI etc..) are waiting to pump.
Some great projects are under valuated like CRYPTOCAP:INJ
Also the L2 and L1 haven't pumped yet, think about CRYPTOCAP:AVAX , SEED_DONKEYDAN_MARKET_CAP:MATIC etc...
Ket's start an altseason! Even a mini one, for Christmas!
YFI Looking Bullish#CryptoWhale100Billion Alt Coin Analysis: YFI
🚀 Bullish Trend Alert for YFI! 🚀
My analysis indicates that YFI may experience a bullish trend in the medium term. The current price is hovering around the support level of $5300. If it manages to hold this level, we can expect the price to rise to the next resistance level at $8400 and potentially break out.
🔍 Technical Indicators:
RSI: Currently in the oversold region, indicating that ATOM is undervalued and may experience a bullish reversal soon.
MACD: Showing signs of a bullish crossover
Buy: At the current price or lower.
Hold: Maintain the position and consider adding more if the price breaks through the resistance level.
Stop-Loss: If the price drops below the support level of $5000, consider buying or setting stop-loss orders.
📈 Your Thoughts?
Shoot me a message with your Technical Analysis to share your thoughts and trading strategies. Let's discuss where ATOM might go next!
👍 Press the Thumbs Up and leave a comment below with your ideas on ATOM's future movements.
Follow and like! I'll keep making more of these charts.
Thank you for the support!
🔗 Previous Chart Links for Reference Below
#CryptoWhale100Billion #YFI #CryptoAnalysis #TradingStrategy #BullishTrend #TechnicalAnalysis #CryptoCommunity
FET - Artificial Superintelligence Coin With BIG BIG Upside MartyBoots here , I have been trading for 17 years and sharing my thoughts on FET .
FET Is an Artificial Superintelligence Coin
FET is looking beautiful ,large bullish structure. Very nice chart for more upside.
Very similar to RSR back in 2020 which is up nearly 10x gain
Do not miss out on FET as this is a great opportunity
Watch the video for more details
BTC Dominance Chart - BITCOIN DOMINANCEBTC Dominance is the most important chart to follow to understand whether the crypto market is in an altcoin or Bitcoin season.
Currently, Bitcoin Dominance is in a strong bullish trend and has reached the 60% level. This means that Bitcoin alone holds 60% of the total crypto market value. In other words, the entire altcoin market, including ETH and other large-cap coins, represents only 40% of the market. Considering the crypto market has over 2,500 different coins/assets, it’s notable that all of them combined only account for 40% of the total market value, while Bitcoin alone makes up the other 60%.
In previous bull market cycles, this chart typically shows initial bullishness, followed by a strong reversal to the downside after a few months, which brings the largest returns in the altcoin market.
A bullish trend in BTC Dominance indicates that Bitcoin will outperform altcoins, whereas a bearish trend suggests the opposite.
Currently, BTC Dominance is moving within a parallel channel driving its bullish movement. It has reached the weekly supply level and is now approaching the monthly supply level. I expect BTC Dominance to hit this monthly supply level at the top of the channel, experience rejection, and start moving lower. Eventually, I anticipate it will break below the entire channel, signaling a large influx of capital into altcoins. This shift has the potential to create significant returns for altcoin investors.
I believe this scenario is likely during the 2025 bull cycle, so be prepared to build generational wealth.
Nothing New Here With XRPThis thing has been trading in a giant range against Bitcoin. It has been exploited as an accumulation tool, with very specific and seemingly coordinated price action. I'm honestly a bit surprised Ripple got away with their shenanigans and that their court case went the way it did. The result left the doors open for this thing to fly. It's important to pay attention to the token supply - it is primarily used to enrichen its founders during price bumps. At one point, I was bullish on it, but after observing this behavior over and over again, I caught on.
Interestingly, it almost seems like XRP and XLM were repressed a little bit during the last cycle due to the court case, and now they've got a bit less sell pressure. XLM is associated with XRP, due to its founder having been originally part of the Ripple project.
These coins can be extremely volatile during period of price appreciation. Just look at those spikes and retraces. Best not to get caught off-guard. All I can say is, I'm happy for those who held this long and are able to skim some profit today.
A note of caution: Explosive price behavior from XRP often precedes a broader shift to the downside for the market. This can come in the form of an extended correction or the end to a bull market.
Looking at XLM/BTC, price has only reached levels seen not too long ago. In 2017, the ratio exploded 30x once it hit those sub 200 sats levels. So, in theory, price has a lot of room for upside...it's just that once the end of the pump is reached, it could be many years before it sees prices that high again, particularly in Bitcoin valuation.
XLM/BTC for reference:
Though I also suppose, if I'm going by my previously held opinions on XLM, its applicability as a currency is far superior to Bitcoin, so, in a world where cryptocurrencies exist AS CURRENCIES, I'd rather XLM win out in the end. I don't mind the project so much as its price action appears somewhat manipulated and unpredictable.
That's it from me! Thanks for reading as always. And of course this represents my opinion only, and is not meant as financial advice.
-Victor Cobra
Epic #Altseason vibes!#Altcoin follows 2016-2017 simulation!
#AltSeason is inevitable and here are the do's and don'ts! 🧵
What to Do and Avoid During #Altcoins Season.
Things You Should Do:
1.Do Your Own Research (DYOR)
•Study the project’s technology, team, use case, and roadmap.
•Be cautious of low-volume projects that are susceptible to manipulation.
2.Practice Risk Management
•Don’t invest your entire capital in a single altcoin. Diversify your portfolio.
•Use stop-loss orders to limit potential losses.
3.Follow Market Trends
•Monitor indicators like Bitcoin dominance and total market volume.
•Evaluate the level of hype in social media and communities.
4.Plan Your Profit-Taking Strategy
•Don’t assume prices will rise indefinitely.
•Take profits at predefined targets.
5.Stay Calm
•Avoid panic selling due to sudden price movements.
•Focus on logic rather than emotions when making decisions.
Things You Should Avoid:
1.Don’t Fall for FOMO (Fear of Missing Out)
•Avoid chasing rapidly rising prices. This often leads to buying at the top.
2.Don’t Invest with Borrowed Money or Credit
•While altcoin season offers high returns, losses can also be significant.
3.Don’t Put All Your Funds into a Single Coin
•No matter how promising a project seems, risks are always present.
4.Don’t Blindly Believe in Hype
•Projects heavily hyped on social media are often manipulated by whales or pump-and-dump schemes.
5.Don’t Deviate From Your Plan
•Never trade without an exit strategy. Stick to the goals you’ve set for yourself.
6.Don’t Lose Sight of the Long-Term Perspective
•Many altcoins undergo significant corrections after the season ends. Ensure you convert your gains into real value when possible.
#Alts season presents great opportunities, but careless actions can lead to substantial losses. Adopt a balanced strategy, and only risk what you can afford to lose.
POL/USDT: The Perfect Short-Term Play?POL/USDT – Demand Zone Opportunity with Caution
Polygon Ecosystem Token (POL) is approaching a demand zone that aligns with a Fibonacci retracement level, offering a potential short-term bounce. However, since this is not a high-timeframe (HTF) level , traders must exercise caution and manage their risk effectively.
Buyer Activity : The demand zone reflects a lower timeframe area where buyers have stepped in previously, indicating potential short-term interest.
Fibonacci Confluence : This zone aligns with a key Fibonacci retracement level (e.g., 0.618 or 0.786), which could enhance its strength for a short-term reaction.
Why Traders Must Be Careful
LTF Nature : This is a lower timeframe (LTF) level, making it more vulnerable to volatility and false breakouts compared to HTF zones.
Limited Strength : Since it lacks the institutional significance of HTF zones, the level may not hold as strongly.
Breakdown Risk : LTF zones are more prone to invalidation, so risk management is crucial.
How to Trade POL/USDT Safely
Wait for Confirmation : Only enter after bullish signals like candlestick patterns (e.g., hammer, bullish engulfing) or volume spikes indicate buyer strength.
Set Tight Stop-Losses : Place a stop-loss just below the demand zone to minimize potential losses.
Monitor HTF Context : Align your trade with the HTF trend. If the overall structure is bearish, this LTF zone may not hold.
Use Smaller Position Sizes : Reduce position size compared to HTF levels to account for the increased risk.
Summary :
The POL/USDT demand zone and Fibonacci retracement setup present a short-term trading opportunity. However, the lack of HTF validation means traders should proceed with caution, use tight risk management, and wait for strong confirmation signals.
I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see.
The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out!
My Previous Hits
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
Is It Really Happening: When Altseason Will Begin?Hello, Skyrexians!
Today we will observe the CRYPTOCAP:BTC.D chart, this is the chart which shows the Bitcoin dominance on the crypto market. During last 2 years it has growing slowly, but permanently. It caused to this strange cycle where Bitcoin has broken ATH, while some altcoins set the new low every month. Is this nightmare really finished or altcoins will continue suffering? Let's discuss today.
On the chart you can see weekly time frame which showed two completed altcoin seasons: in 2017 and 2021. Last altseason has started after reaching 0.618 Fibonacci level from the previous altseason. Then we saw the big drop to 40%. Let's notice that this altseason has been started after flashing the signal on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Currently this indicator has been flashed 2 bearish reversal bars in the 0.61 Fibonacci retracement zone. If today weekly candle closes with this signal and next week there will be the confirmation - 58% breakdown, there is a high chance that real altseason come the market.
Best regards,
Skyrexio Team
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1.5 Year BTC Dominance Wedge Finally Breaks!Traders, for a year and a half we have lived inside of this bearish BTC.D wedge. Well, last week it finally broke. This week it looks like we'll get our confirmation of this break. This means altcoin season is officially underway (if you haven't had proof enough already).
As BTC continues its sideway price action, various alts have been taking their turn playing catch up. I expect this type of price action to continue through December for alts though they may incur a bit of a pull back at some point as BTC.D heads back up to retest the underside of that wedge. Once hit though, expect our alts to run again.
✌️ Stew
A8USDT: Trendline Breakout with Bullish Confirmation Ancient8A8USDT:Ancient8: Trendline Breakout with Bullish Confirmation 🚀
- **Key Breakout:** Price finally breaks the descending trendline after multiple rejections (red circles).
- **Volume Spike:** Confirming buyer strength on the breakout (green circle).
- **Parabolic SAR Flip:** Bullish momentum is intact.
- **RSI:** At 69.85, showing strong momentum but nearing overbought.
- **OBV:** Trending upward, indicating steady accumulation.
- **CMF:** Positive, confirming capital inflows.
If the price sustains above the breakout area and the 0.236 Fibonacci level, further upside potential is in play. Watch for volume and momentum to hold!