INJ High time frameIn the lead up to the next bullrun now is a good time to research into strong projects that will look to out-perform BTC over the duration of the cycle.
L1's are a large part of the cryptocurrency market with ETHEREUM being the leading L1 altcoin, a coin with a market cap of ~220B, due to diminishing returns with every cycle investing in projects that have yet to grow to this level offer a higher ceiling for potential gains.
One of those L1's is INJECTIVE, an L1 that currently sits at approximately half its ATH set in May of 2021. A POS blockchain "built for finance" based on the COSMOS SDK able to facilitate cross chain transactions with other major L1's.
Looking at competing L1's like SOLANA where it has an ATH of $260, an almost 8x from current price. This naturally brings on more sell side pressure as people that are still underwater from the previous cycle and are inclined to sell at break even as soon as price reaches that level. This will be the case all the way up to all time high.
However, for INJ once it breaks it's previous ATH there is no sell side pressure as everybody is in profit every time a new ATH is made. This then snowballs into brand new territory, retail likes to FOMO in and smart money takes their profits.
When looking at the last bullrun, CORDANO reached a total market cap of ~110B, if INJ was to do the same it would mean a price of $1100/INJ. Not saying this is going to happen but stranger things have happened.
Very exciting prospect and definitely a project I am anticipating to be one of the best performing in 2024-2025.
ATH
GOLD READY FOR NEW ATH?!🚀Is Gold getting ready to surpass its current high & reach a new one? Very high possibility!
Even though a little more downside is expected, this version could also play out very well. I am currently holding short positions, but will open a buy as a hedge. I will keep you updated on this move!
#DEVYANI TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup on DEVYANI on NSE
the setup is as follows
- the price is trending at all time high
- the volume is contradicting the price
- there is an imbalance to be filled
- we will not time the market to look for sells
better wait for a proper bearish structure
- price broke the previous high with good volume
dont play with fire, always use predefined stoploss
Transportation leader $SAIA is near ATHSaia provides less-than-truckload, non-asset truckload, expedited and logistics services across the U.S. is ranked #1 in its industry by IBD
While the sector ETF AMEX:XTN is down, stocks like NASDAQ:SAIA , NYSE:XPO and NASDAQ:ODFL are all near new highs
The price is in its second base formation close of breaking out above $439.50
I'll leave a stop buy just above this point.
BTC 12-16 months monthly projectionThis graph represents the next bull run we're all waiting for. The price could lose 20-30% of its current value during this period of time. The bullish trend should take strength from the next halving expected to happen in April 2024, in which we will see a rally to new maximums. I expect the next ATH to be around 100-150k.
wow, what a fractal for bitcoinwhip up take the liquidity around 32k
from a h&s when moonboys target +34k
dump it to 20k area holding structure
chop around the lows drawing in both parties
deviate the trendline to pull bears in
run it back to flat top and breakout to range high]
take the liquidity into 70k
SOL 1D Analysis SOLANA has an ATH of $267, ~1300% from current price. With this huge upside potential/ almost minimum for the next Bullrun Q3/Q4 '24 - '25 it's an important token to stay up to date with, Here is a breakdown of current price action on the 1D:
SOL has been stuck in this range since November '22 that was created by the collapse of FTX. SOLANA's connection to the exchange sent it spiralling -68% over just 4 days.
Like most cryptos, SOL started to rally with the yearly open as BTC began climbing and altcoins following suit. The Bullish OB created from this initial rally was recently tagged last month which is made up of the point of control & value area low of the volume profile making the local low.
Purple key support and resistance areas that sit around the range midpoint area is controlling the majority of this choppy price action. Quarterly segments can be used to trade between, often bouncing between 0.25 to midpoint $15-23.
If SOL flips 0.5 midpoint next step is to push up to bearish OB key area. If/when that gets flipped and consolidated above, no doubt the range high of $38 is the next stop as the volume is thin and the FVG needs filling. That move would complete the recovery of the FTX event.
In my opinion I'm not convinced the bottom has been and done, yes price is down >90% from ATH, we still have macro economic problems with recession looming and almost a year to wait for the next BTC halving, the catalyst for the next bull market. I believe there will be an opportunity to buy lower for long term holds back up to that ATH, However this does not necessarily mean to go Short from here, if anywhere it would be range high $38.
BTC : ON IMPORTANT MOMENT FOR BREAKOUT VOLUME $32800 - 38KBTC seems on a very interesting point, and as the volume plays between the uptrend of 31K and the dip trend of $30K, can this signal that there is an interesting volume that wants to affect the BTC price?
We still expect that BTC can enter a new breakout to $32800 where the price can increase further to 38K, this is more on the technical view of the BTC price action.
The last breakdown can be a dipping trend for a new breakout.
Every huge breakout did start with a breakdown.
There can be more time to play with the price action before a breakout could happen.
It's not so easy that we could follow the price up and up.. there should be always volume out to get new LIQ in price.
2 important uptrend targets we checkout
$32800
$38K
For the bull trend target we check
$47K
AAPL - Rising Trend Channel [MID TERM]🔹Positive signal from inverse head and shoulders formation through 157 breakout.
🔹Next resistance 193 and support 175.
🔹RSI above 70 indicates strong short-term positive momentum.
🔹Technically positive for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
RNDR price action analysis. Me again with another setup of RNDR/USDT. I have mentioned my analysis by showing that RNDR is slowing making an upward trend channel. I have used 12HTF and mentioned my bullish and bearish points in it. As the market is right now going down, some of the alts are performing in the upper direction, and RNDR is one of them because, from this new year on, RNDR is performing very well and has also touched ATH. Despite dropping on May 8, we can see the upward trend is still on the move. Let's see what happens in the upcoming market. Monday's opening is very important.
RNDR is following bitcoin price movements and consolidating on others. Things can get choppy too. be careful!
No matter where the market goes, I have mentioned my quick scalping idea for both bullish and bearish scenarios.
Please respond with your constructive criticism. #PEACE
#DYOR #Market #Neutralview #RNDR #CRYPTO
Double top formed near the ATH is breaking downBy March '23 gold did a strong breakout near the 2000 quote.
After that, the prices did not continue to flow and stucked inside a congestion at that level.
At 04 May '23 the prices tried to overpass the previous top but failed.
This failure gave us a doji candle, at the previous top, a very bearish signal, and besides that, it also gave us a double top formation.
The congestion kept going for some more days until a sequence of bearish candles appeared (16 to 18 May '23) breaking down the support of the previous bottom and confirming the double top formation.
As I have posted before here , I have started a long term position in gold, and I remain bullish in it. But the chart gave us these bearish signals that are too strong to be ignored, so I decided to hedge via futures contracts and started a short trade at the 1981.60. As the GC is a heavy contract for margin purposes, I'm actually trading the micro gold contract (MGC).
This price level is basically the same I did my entry at the spot through GLD, so my resulting position is currently neutral. That is, if prices fall, I profit in MGC and loss in GLD, on the same proportion; if prices go up, I profit in GLD and loss in MGC. And giving up this profit if it goes up, is my cost for this hedge.
If I stop the GLD I get short directional, otherwise, if I stop the MCG I get long.
$INSP near completing head & shoulder patternInspire Medical Systems develops innovative and minimally invasive solutions for patients with obstructive sleep apnea.
Ranks #10 in the IBD Group Medical-Products Group with a Relative Strength IBD Rating of 93. This is a what leader looks like.
Today is forming a daily shark patter with a pivot buy at $278.10.
The follow through would be a breakout above $283, which would confirm the head & shhoulders pattern.
I like these odds, I will buy those breakouts if volume is behind the moves.
The RSI hasn't touch the oversold zone and has showed 3 bullish divergence within this long base.
Let's waitn for the breakout!
RNDR : NEW ATH AFTER APPLE?Trades should not solely depend on news updates most of the time but rather should focus on price action (TA) and more extern views. As seen with INJ when it was priced at $1.40, similar trends are observed with RNDR, with indications that the coin working on a significant CHIP area.
Furthermore, considering that APPLE and Microsoft are connecting RNDR, which could potentially add high value to the coin, it may become one of the top-performing coins. This is a trend that we will closely monitor, and as long as the price shows a positive trend, we will continue to follow this coin. It emphasizes the importance of analyzing price movements rather than solely relying on news updates when making trades.
All-Time High $8.76
345% from here.
This is not trading advice, Manage the risk at all times.
Crypto depends on High-risk management.
My BTC top /new ATH in 2023 & 2024-2025 scenarios!!! BTCUSDT Hi dear community and my loyal followers.
I'm leaving here my highly probable 2 scenarios for BTC top/new ATH in 2023 & 2024-2025.
99% in crypto expect new ATH in 2024-2025 after halving and expect history to be repeated but what if they will be wrong and BTC hits new ATH in 2023 and surprises everyone and enters to long & devastating bear market in 2024-2025 and don't satisfy needs of the herd)). I like doing the opposite what majority expects and go against the herd. But I'm ready for both scenarios))).
As you see on the charts I draw my targets and path for BTC in 2023 and in 2024-2025.
My max target for 2023 will; be 72-85K based on my previous analyses I posted earlier/ They are targets I calculated based on Fib levles, Bullish megaphone chart pattern, Elliott waves etc.
And my max target for 2024-2025 after halving event will be 150-180K again based on fib levels, major trendlines, some secret projections, my experience & chart patterns.
But if BTC hits new ATH in 2024-2025, we'll see huge and deep correction at 48-53K zone and dump to 22-25K zone.
We'll come back to this analyses in couple months or in 2 years))) In any case be prepared for both scenarios. Stay safe and be level headed. I'm bullish in 2023.
If you like my ideas and analyses, don't forget to like, comment, share my ideas, and follow please. I"ll appreciate any single follow and any kind of support.
I wish you good trades and huge profits.
Gold in CADIt's important to look at Gold against various currencies - this can translate as a country's financial trust/stress barometer.
The Gold in CAD chart has recently formed a nice classic bull-flag on the weekly candles.
Continuation of this bullish pattern would bring Gold to a new ATH for Canadians.
Polygon (MATIC) ATH !Polygon price today is $1 with a 24 hour trading volume of 2.6 Billion dollar. MATIC price is up 17% in the worst days of crypto market
bear market is the best time to build and Matic team used this opportunity splendidly, they partnered with Nubank, Meta, Reddit and other good banks and companies
now on btc pair we back to ATH again and usd pair hold its up trend . if you managed to buy it at 0.00002 its time to take some profit and have some fun and If you waiting for scalp then we still need to break 0.000066. right now Matic do a healthy correction and if BTC recover we ready for new ATH
what do think about Matic chart?
SPY: RETURNING TO ALL TIME HIGHS SOONThe 3 Week MACD is showing signs of the beginning of a new bull market coming into effect
3 Week RSI is also getting squeezed within a very tight region showing signs of a strong BREAKOUT RALLY coming very very soon
I am excited to see how SPY progresses in the month of May
The future is bright!
predictive analysis of carboruniv in dcb.NSE:CARBORUNIV made all time high previous week but couldn't sustained above the previous ath and closed below. Now expecting some small correction before make a new high. marked short term retracement/demand zones.
Disclaimer - This chart analysis is only for educational study purpose. Do proper research before trade/investment or consult with your financial advisor. This opinion isn't a trade/investment recommendation. SEBI unregistered.