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3 Altcoins Approaching The Lower Bound!Since you enjoyed my previous post about 3 Altcoins Rejecting the $5 mark! Here's an interesting one about altcoins retesting the lower bound of the wedge pattern: BINANCE:PYTHUSDT PYTH has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes. KUCOIN:GLQUSDT GLQ has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes. COINEX:AEROUSDT AERO has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes. Which altcoins would you like me to cover next? All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
Capital will rotate back into Solana and Solana coinsWithout a doubt in my mind Solana was the altcoin that led crypto out of the bear market. In many metrics it has become the best performing chain. Raydium, Jito, Jupiter and others inc Phantom have be key players in this. Now capital is clearing rotate away from the gains made in Solana to non Solana areas. Perhaps we see further rotation throughout crypto before either rotation to BTC or USD. Should rotation be BTC then I believe Solana could follow closest. Moving into prime position as leading altcoin in rotation this cycle. Of course should Solana get this position again for next BTC leg up (whenever that is) then the Solana coins like RAY, KMNO, MNDE and others are likely to follow.
COINBASE:MNDEUSDLong
by SoftQuant
LINK: up-trend📊Analysis by AhmadArz: This chart shows the ChainLink (LINKUSDT) pair on a 4-hour timeframe. The analysis is as follows: 1. Support and Resistance Levels:** -Resistance:** $17.417, $18.999, and $21.328. -Support:** $14.356 and $12.818. 2. Trading Strategy: -Wait for Pullback:** The price might drop to the support level of $14.356. -Enter Buy Trade:** After the pullback, entering at $14.356 is suggested. 3.Overall Trend:** Uptrend with typical fluctuations. If resistance levels are broken, higher price targets are possible. In summary, wait for a price correction and enter buy trades at support levels. 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Long
by ahmadarz
AVAX MVRV Detailed Analysis AVAX 1W MVRV and Price Analysis Hi folks, Let's take a look at some on-chain data. What is MVRV (Market Value to Realized Value)? MVRV is an on-chain indicator used to analyze the valuation of cryptocurrencies. It is a simple but powerful tool that shows investors how overvalued or undervalued a cryptocurrency is at the moment. Simply 👇🏻 MVRV is below 1: This means that most investors are at a loss and can be interpreted as a potential buying opportunity. MVRV is above 1: This means that investors are in profit and the price may be overheating. However, when performing cyclical analysis of each instrument, we can see that different MVRV levels are critical. In instrument X, 1.15 may indicate that the price is overheating, while in instrument Y, 2.00 may indicate that the price is overheating. Now let's examine AVAX with MVRV Data In the bull rally we experienced in 2021, AVAX had risen from $5 to $150. When we examined the MVRV, we witnessed that it had risen from 0.64 to 1.27 points. When we examine AVAX historically, we can observe that the price overheats when the MVRV score exceeds 1.11 points. However, it should not be forgotten that we are making this examination on weekly data. Therefore, selling everything you have when the MVRV score exceeds 1.11 points will NOT help you maximize your profit in a bull run. Instead, strategies can be created for gradual selling along with the MVRV score exceeding 1.11 in AVAX. It may be beneficial to do this in 5 or 10 steps. From now on, it is up to you. Conclusion In conclusion, by examining the MVRV score of an instrument, we can deduce that investors are at a loss if the price is below 1 (relatively cheap), and relatively profitable if it is above 1. Historical examinations made specifically for the instrument help us to understand where the price of an instrument heats up based on the MVRV score. In this way, we can create a gradual selling strategy specific to the instrument. When we look at AVAX, we can see that it offered selling opportunities after 1.11 points in the previous bull run. Following the 1.11 points closely can be beneficial for investors in this bull run. Thank you for reading.
ALong
by Bullfighterr
RUNE USDT the journey of getting back-in.I would love to see RUNE go back in these FIB levels. (These fib levels are mine do not get confused or do not chat the proper way of using fib. Because I do not give a single damn about what you are about to tell me, unless you will take time to improve it and share to me then I will be willing to learn) As I'm analyzing this chart, I see several signals that hint at why a pullback to the 0.886 or 0.84 Fibonacci level is plausible. First, the Fibonacci tool is crucial in my analysis—it provides a roadmap of where prices might find support or resistance. These particular levels are known to act as a magnet for price after a significant move, indicating a natural retracement. The Heikin Ashi candles, with their smoothed presentation, show a trend losing its momentum, and that's my first clue that a retracement might be on the horizon. Then, I look at the moving averages: the 20, 50, and 200-period MAs. Prices tend to gravitate back to these lines, especially after a prolonged move away from them—it's like an elastic band snapping back. Now, the Stoch RSI Divergence is especially telling. It's been in the overbought territory with 'R' signals flashing. This suggests that the market's energy is waning, and a reset is due—a dip to lower levels where the market has previously found equilibrium. It's a cycle I've seen repeatedly: a burst of activity, overextension, and then a return to a level that the market perceives as more balanced. The Smart Money Concepts indicator aligns with this. It suggests that the institutional money, the 'smart money', may be taking profits or repositioning. These players have significant influence, and their actions can signal a forthcoming change in direction. Combining these signals, I can infer that there's a confluence of factors suggesting a retracement. It's like the market has sprinted up a hill and now needs to catch its breath before deciding on the next move. The 0.886 or 0.84 Fibonacci levels are where I expect the market to find a foothold—if it aligns with the 'smart money' and the Stoch RSI reset, then that's where I'd anticipate a potential rebound or consolidation. It's all about reading the market's language through these indicators, and right now, they're speaking the language of a reset.
Short
by osodatsismoso
3
#AVAX/BTC 1D (Binance) Falling wedge on supportAvalanche printed a morning star, seems likely to bounce back towards 100EMA resistance. ⚡️⚡️ #AVAX/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 13.4% Current Price: 0.0003157 Entry Targets: 1) 0.0003101 Take-Profit Targets: 1) 0.0003796 Stop Targets: 1) 0.0002869 Published By: @Zblaba CRYPTOCAP:AVAX BINANCE:AVAXBTC #Avalanche #L1 avax.network Risk/Reward= 1:3 Expected Profit= +22.4% Possible Loss= -7.5% Estimated Gaintime= 3-7 weeks
Long
by TradingOn
AGLD On-Chain ThoughtThis may be a esoteric thought and/ or conclusion There tends to be a divergence between the price of AGLD and Whale assets Now there is something of note in this that is super important. I am unsure on the quality of these on-chain metrics and for that matter the coin itself Now with that being said it does have high beta and massive surges in price, but for one only investing with spot it is hard to manage. Now lets get out the crystal ball and say if it were to be a parabolic run and it was highly correlated to BTC we could see it break ATH levels Looks like a bad coin but doesn't mean there is no money to be made I also doubt that these metrics inherently hold ANY alpha since they don't appear to front run, etc, etc. That's why quant exists, going to have to look a lot further and even see if its worth buying in the medium and long-term.
ALong
by BackQuant
#BLZ/USDT 4h (Binance Futures) Ascending wedge on resistanceBluzelle broke down the small rising wedge and has been forming a bigger one which may end up breaking bearish as well, leading to a retest of 200MA support. ⚡️⚡️ #BLZ/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (4.0X) Amount: 6.4% Current Price: 0.15552 Entry Targets: 1) 0.16459 Take-Profit Targets: 1) 0.12635 Stop Targets: 1) 0.18375 Published By: @Zblaba FWB:BLZ BINANCE:BLZUSDT.P #Bluzelle #Storage bluzelle.com Risk/Reward= 1:2 Expected Profit= +92.9% Possible Loss= -46.6% Estimated Gaintime= 4-8 days
Short
by TradingOn
Commodity Outlook: Cyclical pressures vs structural strengthsCommodities have been enjoying a strong revival in recent years, with broad commodities returning 27% in 2021 and 15% in 2022. A combination of fiscal and monetary support in the early phases of the COVID-19 pandemic helped to soften the damage to demand from one of the deepest economic shocks in modern times. As COVID-19 restrictions lifted, commodity demand bounced back strongly. In 2022, the Ukrainian invasion presented a supply shock, restricting energy and agricultural product supplies and further supporting commodity prices. Whilst many developed world central banks tightened monetary policy in the first half of 2022, inflationary pressures became the most extreme since 1981. Commodities proved again to be one of the best asset classes to hedge this extreme inflation. After arguably falling behind the curve, developed world central banks sought to get ahead and became the most hawkish since the early 1980s. Commodities emerged as a refuge in the storm. Cyclical headwinds have emerged Commodities, often seen as a late-cycle asset performer, struggled in late-2022. Energy prices, which had been propelling the asset class, declined by Q3 2022, joining metals, which had been weak since Q1 2022. Economic deceleration resulting from monetary tightening in developed nations weighed on the asset class. Composite lead indicators (CLIs)—designed to provide early signals of turning points in business cycles—turned decisively even before 2022 started. Commodity performance peaked later in 2022. CLIs are still declining, indicating the cyclical headwinds faced by commodities are still present. China reopening to counter economic headwinds elsewhere The global economic rebound experienced in 2021 and 2022, and the accompanying commodity rally, occurred largely without China’s contribution. Chinese policy makers pursuing a zero-COVID policy up until November 2022 hamstrung their economy, and growth was disappointing. Although Chinese exports remained relatively strong due to international demand for Chinese goods, constant supply disruptions restrained export volumes during the zero-COVID period. Now that China has abandoned its zero-COVID policies, domestic economic activity is picking up strongly. In fact, the January and February prints of Purchasing Manager Indices (PMIs) in 2023 look encouraging. Both manufacturing and non-manufacturing PMIs rose clearly above 50 (the demarcation between growth and contraction). The February figure (released on 01/03/2023) showed manufacturing PMIs hitting levels not seen since 2012, underscoring that the domestically driven recovery is reaching industry as well as services (manufacturing is more commodity-intense than services, so that is arguably the most important of two indicators). What about the commodity supercycle? We believe commodities should see long-term structural support from an energy transition and an infrastructure spending rebound. Furthermore, these catalysts could drive another supercycle in commodities. Supercycles coincide with periods of industrialisation and urbanisation when the supply of commodities failed to keep up with the growth in demand. The last supercycle occurred after China joined the World Trade Organization in 2001, which turbocharged development as barriers to commerce were removed. After two strong years of commodity market performance (2021 and 2022), could we be on the cusp of another supercycle? We believe there are some strong structural underpinnings but, for now, business cycle dynamics (including a rising risk of recession) could dominate price behaviour in the short term. Energy transition In a scenario where net zero emissions are targeted by 2050 in order to limit temperature increases to 1.5 degrees Celsius above pre-industrial levels, we should see a significant rise in demand for metals. Metals are critical for the manufacture of batteries, electrification of power energy consumption, electrolysers, heat pumps, and other technologies needed for the energy transition. International Energy Agency data indicates that, in a net zero emissions scenario, supplies of critical materials are going to be woefully short of demand, both in terms of mining and material production. Infrastructure rebound In the US, three Acts with partially overlapping priorities - the Bipartisan Infrastructure Bill (2021), the CHIPS and Science Act (August 2022), and the Inflation Reduction Act of 2022 (IRA, August 2022) – have a combined budget of close to US$2 trillion in federal spending and the infrastructure intensive projects are only just starting. Just looking at the energy funding from the Bipartisan Infrastructure Bill and the Inflation Reduction Act, a total of US$370 billion is earmarked to be spent over the next 5 to 10 years, primarily to facilitate the clean energy transition. The IRA encourages the procurement of critical supplies domestically. In order to meet the supply chain requirements, we expect large infrastructure spending on mineral extraction, processing and manufacturing. The European Union’s REPowerEU plan—designed to wean the economic bloc off Russian hydrocarbon dependency—will also require a large spend on energy infrastructure. The EU is already building liquified natural gas capacity at breakneck speed, aiming to expand capacity by one-third by 2024.1 The EU estimates that delivering the REPowerEU objectives will require an additional investment of €210 billion between 2022 and 2027. The green industrial ‘arms race’ takes off After decades of underspending for the climate policy goals governments have signed up to, we may be witnessing a tipping point. Some of the protective features of IRA (regional sourcing requirements) may propel tit-for-tat policies that drive local sourcing elsewhere. Many nations recognising China’s dominance in critical materials had already been designing policies to mitigate the risk of overreliance on the country. This process is likely to drive an upsurge in ex-China green infrastructure spending globally. Conclusions After several years of commodity market outperformance, the asset class is already experiencing cyclical headwinds. However, a China reopening is likely to mitigate some of these pressures, and we are seeing tentative evidence of China’s economy rebounding. Commodities are likely to be underpinned by global policy support for an energy transition. Whilst general infrastructure spending may also face cyclical headwinds this year, green infrastructure spending is likely to lead to a new ‘arms race’ as countries compete to support their industries and maintain energy/resource security.
CBOT:AW1!
by aneekaguptaWTE
$XCN/USDT 8h (#Bybit) Descending trendline breakout & retestOnyxcoin (a.k.a. Chain) is pulling back to 200MA support after a clear bullish move and just printed an inverted hammer, looks good for more recovery. ⚡️⚡️ #XCN/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.2X) Amount: 6.9% Current Price: 0.01463 Entry Targets: 1) 0.01435 Take-Profit Targets: 1) 0.01953 Stop Targets: 1) 0.01089 Published By: @Zblaba Risk/Reward= 1:1.5 Expected Profit= +43.3% Possible Loss= -28.9% Estimated Gaintime= 3 weeks $XCN #XCNUSDT #Onyxcoin #Chain onyx.org
Long
by TradingOn
XCNUSDT Strong short-term buy signalChain (XCNUSDT) has been a regular on our portfolio lately as we have been accurately following a specific Bearish Megaphone pattern since late September: Right now the 1D RSI is approaching again its recurring Lower Highs trend-line, a break above which will be an instant buy signal, targeting the 1D MA50 (blue trend-line) again, as we our previous signals. On the other hand, a break below the 0.03500 Support (Fibonacci 0.0), will be a sell signal, targeting the bottom (Lower Lows trend-line) of the Megaphone and the -0.236 Fib. On the bull side, a break above the 1D MA100 (green trend-line), will be the major buy signal that the market needs, as it has been untouched since July 11 2022, targeting the 0.5 and 0.618 Fibs. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
XCNUSDT Rise short-term but still limited unless this breaks.Chain (XCNUSDT) followed the pattern we suggested 40 days ago and after a short rise it dropped to the -0.236 Fibonacci extension level: As you see, today is having a +22% rise. The long-term pattern is a Bearish Megaphone on this 1D time-frame. This short-term rebound is aiming at the 1D MA50 (blue trend-line), between which and the July 11 Lower Highs trend-line, all previous three Lower Highs were formed. This is our target but in order to engage in further buying, we need to see a break above the 1D MA100 (green trend-line), which is unbroken since July 11. In that case, our target would be the 1D MA200 (orange trend-line), which potentially by that time should be near the 0.618 Fibonacci retracement level. In the event of a strong rejection on the Lower Highs trend-line such as on October 20, September 22 and August 21, we will treat it as a sell opportunity and target the 0.04765 Low and then the -0.236 Fibonacci extension again. P.S. See how the aggressive rises take place when the 1D RSI breaks above its Lower Highs trend-line and the 1D MACD makes a Bullish Cross. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
XCNUSDT Falling Wedge about to break. How to trade it.*** *** For this particular analysis on Chain we are using the XCNUSDT symbol on the KuCoin exchange. *** *** The idea is on the 1D time-frame where XCN has been trading within a Falling Wedge pattern since the August 04 Low. As you see the pattern has reached a level where it is too narrow at eventually will break out. In the event of an upwards break-out, the target should be the 1D MA50 (blue trend-line) and the 0.382 Fibonacci retracement level. Above the 1D MA100 (green trend-line) and the 0.5 Fib, we can consider a buy extension. In the event of a break-out downwards, the target could be the -0.236 Fibonacci extension level. Note that the 1D RSI has been on Higher Lows since September 08 while the candle action was on Lower Lows, showcasing a bullish divergence. That can potentially mean that we have to give the upside a slight edge. The ideal confirmation may be once the 1D MACD forms a Bullish Cross. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
Ethereum ETH 40-50% In-Loss-TrendlineEthereum ETH 40-50% In-Loss-Trendline Interesting to see which chart picture we see if you connect all price levels of the whole ETH past where 40-50% of HODLer and Trader were out of the money (positions in loss). And more interesting where we are today - will we bounce dear Crypto Nation? Source of data from intotheblock. Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
BINANCE:ETHUSDLong
by Crypto4Everybody
New BTC Hasrhate ATHHashrate recorded a new ATH, although this is not clear on TV chart for some reason other sources I use for on-chain data like cryptoquant confirm yesterday we had a spike above previous high on 13th of Feb (you can see my trade idea linked below). As per my previous analysis this is a highly likely indication a further drop in Bitcoin's price is imminent, adding FED's meeting on interest rates next week to the mix it is a very probable scenario to play out with equities continuing their march downwards. BTC Options expiry is on the cards on Friday morning with 40k as max pain price, hence if anyone is planning to play this short I would set my limit orders between 40-41k. Target range for this move down is 32-35k, but watch the price action once we get closer to 36k.
Short
by gigisulivan