Ethereum|The BULLISH trend continues until the price of 2800Hello friends, I hope you have made a lot of profit this week.
Let's go to Ethereum to have an overview of it.
At the moment, Ethereum is involved with a daily resistance zone as well as a 4H resistance zone.
This supply area has been tested several times, now the debate is whether the buyers are winning the game or the sellers.
If this area is broken upwards, we will enter buy positions on the pullback to this area.
If it falls from here, we will enter buying positions in the demand areas that I specified in the chart.
My possible target price is 2800, but never enter the position without confirmation, don't forget the SELL limit.
Altseson
Altcoins Alert ( Bitcoin Dominance Chart Update )Altcoins Alert
#Bitcoin Dominance Update:-
- I told You #Alts session will be Danger So all #Altcoins Dumped 30-40% down ( Told you when Dominance was 41.50% )
- now again Dumping because Dominance Increasing
- If Dominance below 45% Then Big Altcoins sessions coming soon but Keep in mind only below 45% level. if break Upward then Very dangerous for Altcoins.
- But Above 45% Exit from #Alts
Now Dominance is trading at 44.80%
and If breaks upward then best time to exit from altcoins.
I am Expecting rejection from here and we can see some altcoins sessions.
But if break 45% then Don't be greedy.
Very bearish altcoins above 45% dominance.
ALGO and Dow Theory Trading Strategy (CRYPTO VERSION)
The accumulation phase is the starting point of a new trend where the smart money is buying into a stock.
Then we start pushing up which attracts the eye of the general public aka the retail traders.
At this stage, everyone starts to pile in before we reach a climax point.
Uninformed investors continue to buy while at the same time smart money sells their stocks which forms the distribution phase.
Ok.look at the Algorand chart. Are we in the second part of the story?
ONTUSDT Technical Analysis⏳ Spot
💎 ONTUSDT has formed a symmetrical triangle in a bigger symmetrical triangle. We see series of green candles which indicates the bulls are in control. After the breakout I expect more bullish move
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.9430 - 0.9210
☕️ TP1 1.0190
🍺 TP2 1.1266
🍻 TP3 1.3080
🍾 TP4 1.6767
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.8750
Good Luck 🎲
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Will ETC hit 90$ in the next big breakout?!Here's a quick look at ETC 4 hr chart. As we can see, the price is still in the falling channel, and depending on what BTC does we will see a move soon. The best entry would be, when the price breaks above the breakout level with good amount of volume.
The idea is: Buy the breakout from the level shown in the chart and take profits at the levels shown in the chart.
Targets:
1. 75.6$
2. 80$
3. 90$
- Profits can also be taken in the resistance zone .
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BNB - rally to $500+ levels after inverted H&S ?Hello,
I'm looking at BNB lately and I think it has a potential to once again reach its all-time high in the short-term if the overall market reversal to the upside is confirmed. We need BTC to do that and re-take $42,000 first.
Going back to BNB, during the last rally from March/April, the coin increased by 200 percent thanks it's solid fundamentals, but also to the fact it had some really nice, classic consolidation periods.
The first solid resistance was right below the $300 mark and we are already above that right now.
Next level to watch is $400 where a retrace can be expected just like back in early April. What is more, during last week's correction BNB rallied 40 percent up from its $290 low just to suffer a strong rejection at $400. The level is in line with the Fibonacci retracement at 38.20%
Next is $500 (61,80% Fibonacci retracement level) and so on. As you can see BNB really likes the round numbers, so if history repeats itself it can be a really easy trade to book.
There is also a big chance that we see an inverted head and shoulders formation on the 4-hour chart and this will be in line with the above-stated correction level and the multi-timeframe support
Regards
2021 Alt Bull Cycle Bitcoin Dominance has been on the fall for a few months. As the btc market cap keeps falling we can get a strong indication of volume flowing to alt coins.
Taking a look back to summer 2020 alt season. We had seen BTC .D fall to the area we currently sit at now.
My speculation is that if BTC trends sideways and can stay well below 60% market cap. We could be in path or already in the start of this alt coin bull cycle
ENG. Drop? Not yet.Hello,
Market Maker held level without volume.
Re-accumulation taking place.
If ENG would have leverage - crowd would short this.
The same logic:
Crowd selling here their ENG holdings, and trying to catch lower level, but it's just the second phase of pshychological games.
Stay tuned with ENG.