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Polkadot (DOT)Comprehensive Analysis of DOT 📊 Comprehensive Analysis 🔍 General Overview The DOT cryptocurrency, after experiencing a prolonged downtrend, entered a descending channel but recently broke out of it to the upside. Currently, the price is retracing to test the broken channel's trendline while facing a critical weekly resistance zone (red area). The high trading volume in this zone suggests increased investor activity and the potential for the uptrend to continue. 🕰 Weekly Timeframe Analysis 🔸 Current Situation Breakout from the Descending Channel: The price successfully broke above the long-term descending channel with strong volume. Weekly Resistance: The price is now encountering a key red resistance zone, a critical level for determining further movement. 🔸 Bullish Scenarios First Target: If the price stabilizes above the red zone, the next target could be the all-time high (ATH) of DOT. Parabolic Move: Market excitement and the breakout of key levels may trigger rapid upward movement. 🔸 Risks RSI Divergence: The RSI indicator indicates overbought conditions. The price may encounter resistance near the top of the RSI channel, potentially leading to a correction. 📈 Indicator Analysis 🔹 RSI (Relative Strength Index) On the weekly timeframe, RSI is nearing overbought levels. A breakout of the RSI's ascending channel top could trigger further bullish movement. 🔹 Volume Increased trading volume during the channel breakout validates the upward move. 🎯 Price Targets Short-Term Target: Testing and stabilizing above the red zone resistance. Mid-Term Target: Achieving the all-time high (ATH). Long-Term Target: Reaching over-extended RSI levels. 💡 Summary and Final Notes Technical analysis indicates that DOT is well-positioned for a bullish continuation. However: Breaking key resistances (red zone and the RSI channel top) is critical. Failure to break these levels might result in corrections toward lower supports (midline of the channel or weekly support). 📌 Recommendation Always apply proper risk and money management, and ensure your decisions align with personal research and due diligence.
Long
by alizeynali69
APT Long Spot Trade (Retest of Breakout)Market Context: APT has shown strong momentum with an impressive breakout beyond its accumulation range. We are now looking for a retest of the former resistance zone ($9 - $10), expecting this level to hold as new support for the next leg up. Trade Setup: Entry: Ladder into a long spot trade between $9 - $10 Take Profit: First target: $16.5 Second target: $19 Third target: $26 Stop Loss: Daily close below $8 This setup aims to capture further upside as APT establishes support at the retested level. #APT
Long
by Richtv_official
NZDUSD BUY | Idea Trading AnalysisNZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
7
CPOOL/USDT Breakout From Symmetrical Triangle is Imminent 👀🚀💎Paradisers, let's dive into the recent market developments for #CPOOLUSDT, which are signaling a significant change. 💎Currently, #ClearPool's price is tightly consolidated within a symmetrical triangle, hinting at an imminent breakout. If the breakout is upward, it will indicate a bullish trend reversal, potentially leading to a surge and capture of significant sell-side liquidity. 💎However, if the breakout moves downward and faces rejection at the upper resistance, this would indicate a shift towards a bearish trend, potentially causing the price to revisit key support for renewed bullish momentum. 💎The key support zone is critical for $CPOOL. If the price maintains this level, it presents a prime buying opportunity, possibly leading to an upward bounce. Should #CPOOL break below this support, the next possible stop is the high-demand area below. 💎If it slips below this demand area, it will point to a more extended bearish trend. Stay alert and focused as we watch the changing dynamics in the #CPOOL market.
Long
by MyCryptoParadise_Simon
BTC aims to break through the 66.8K barrier to continue - BTC/USDT remains below the 0.786 Fibonacci level (66.8K), but buyers of the mother cryptocurrency defend the psychological level of **65K**. - On the daily chart, we have observed that after reaching its all-time high at 73.8K and being rejected, the price has not managed to return to those levels. Instead, it has created a lower high at 71.8K. - The outflow of funds from Bitcoin ETFs and significant liquidity absorption by medium-term market participants have led us to this waiting and consolidation period. - Currently, the BTC/USDT price is trading around 66.5K, finding support at the 64.9K level (35-day EMA on the daily chart). What to Expect in April for BTC Price? To assess what will happen in the month, we need to look at higher timeframes, such as weekly or monthly. Regarding the weekly candle, it closed at **71.3K** (the highest weekly close in history). However, despite being a bullish close, BTC has returned to seek liquidity in the **65K** zone. To confirm weekly bullish continuation, we need to close above at least **70K**. As for the monthly candle in April, it has started in red, indicating bearish strength. However, if we look back at BTC's price history, in most cases, when we start the month in red, the monthly candle has always closed in green during bullish times. In this plausible scenario, especially considering the halving month, the idea that BTC could reach **80K** or even more is not far-fetched . THIS IS NOT INVESTMENT ADVICE NOR SHOULD IT BE TAKEN AS SUCH. EACH PERSON IS RESPONSIBLE FOR THEIR ACTIONS AS A TRADER, INVESTOR, ETC…
Long
by CRYPTONIA5
PHB/USDT Break the key level area. Ready to continue move ??💎 PHB has undeniably garnered significant attention in the market. Currently, it has successfully broken out of the key supply area after a perfect bounce from the demand at $0.652. 💎 There's a possibility of a retesting phase at the demand area of $0.787, which was previously a supply zone, continuing the upward movement. However, considering the historical false breakout of the supply on November 12, sustaining the demand is crucial to maintaining the upward momentum and probability reaching our target supply area and major supply zone. 💎 But if PHB fails to sustain and experiences another false breakout, it may retreat to the demand area at $0.652 or even break down below this level. In such a scenario, PHB confirms a shift back to a bearish trend, potentially continuing the downward movement towards the strong support area.
by MyCryptoParadise
2
TWT/USDT Possibility Bounce and Continue the upward Movement ??💎 TWT has undeniably attracted significant attention in the market. Currently, TWT is in the process of retesting the demand area at $1.15 - $1.05, which precedes the supply area. The previous breakout from the supply area was noteworthy, marked by substantial volume and a robust green candle. 💎 In the event of a successful retesting phase in the demand area, there is a likelihood that TWT's price will bounce, probability of resuming its upward trajectory and reaching our target in the supply area. 💎 The unfavorable scenario materializes if, during the retesting phase at the demand zone of $1.15 - $1.05, TWT struggles to maintain its position and experiences a breakdown. In such a case, TWT may revert to a bearish movement, potentially retracing to the strong support area.
by MyCryptoParadise
1
ADA/USDT Ready for another Bull Run?🚀 ADA Analysis Today💎Yello, Paradisers! turn your gaze to ADAUSDT. It's currently navigating within a trading channel, hinting at a potential upward momentum. 💎For a significant duration, ADA has been traversing this descending channel. The prevailing trends suggest a likely climb towards the Bearish OB and the supply zone above. 💎Positioned in the demand zone, if the price surpasses the .3000 mark, the chances of a bullish surge increase. While newcomers might consider shorting at this point, a comprehensive view is recommended. 💎On the other hand, if Cardano descends below the .2800 demand point, there's a heightened probability of it approaching a more robust support level. As always, stay alert and strategize effectively. 💎Refine your trading decisions for ADA with ParadiseFamilyVIP. Delve into expert insights on ADA and other potential coins, optimizing your crypto approach.
Long
by MyCryptoParadise_Simon
2
ONT/USDT In the Key area. Break and Upward Momentum is coming !!💎 ONT has indeed captured the market's attention with its strategic breakout from the descending channel pattern. This move, followed by a successful retesting phase, has propelled ONT into a significant upward trajectory. Currently, ONT finds itself at a pivotal juncture, confronting a substantial resistance area. For the bullish momentum to be authenticated and sustained, ONT must breach this resistance barrier. 💎 Failure to do so could trigger rejection, potentially driving ONT back down for a critical reassessment within the demand zone, specifically between $0.1895 and $0.1777. This retracement would serve as a platform for regathering strength, aiming for a rebound. 💎 Conversely, should ONT Break the resistance, the Probability could clear for a relatively unobstructed advance towards our targeted zones, including the supply and major supply areas. 💎 However, a less favorable scenario could unfold if ONT, while retesting, fails to uphold the integrity of the demand zone. Such an inability to sustain its position could spell a bearish reversal for ONT, potentially initiating a downward journey to reevaluate positions at more robust support levels. This shift would mark a significant transition from bullish enthusiasm to bearish caution in ONT's market narrative.
by MyCryptoParadise_Nathan
2
REN/USDT In the crucial Zone. Potential Upward Momentum ???💎 REN has undoubtedly garnered our attention. Currently navigating within a descending channel, REN is making efforts to shatter this confining pattern, facing resistance at the trendline. For a bullish continuation, REN must decisively break through this descending channel. Achieving this could pave the way for a smooth ascent of the probability of reaching higher supply zones. 💎 However, if REN falters in its breakout attempt or faces a rejection, it might need to retreat, possibly revisiting the demand zone ranging from $0.0425 to $0.042 to gather fresh momentum. 💎 The situation could turn grim if, during its reassessment in the demand zone, REN encounters an inability to hold off the sellers. A definitive breach of this demand threshold could spell trouble, potentially triggering a sustained downward trajectory for REN, directing it towards a crucial support area.
R
by MyCryptoParadise
BTC SHORT, potential -5000 points, VWAP and MTF MACD Hello Traders :) BTC accepts the VWAP extension , closing below creating a Heikin Ashi signal starting potential shorts towards the upper VWAP band. Confirmation of decreases in the form of a multi time frame MACD indicator. The negation of the scenario will be after the candles close above the band to which BTC showed a reaction a moment ago. After creating a LONG signal by Heikin Ashi above the VWAP line and by generating a LONG signal by the multi timeframe MACD indicator, I consider the scenario closed and SHORTS should be closed. However, in the situation when the scenario will be implemented positively, you should observe the behavior of BTC at the key points marked on the chart. Value at high VWAP, point of control VWAP and Value at low, these are three points that are potential targets for BTC. After closing the candle below a given point and positively accepting a new point - you can continue short with an open plan for the next target. After the negation of a given point and information from the MACD indicator in the opposite direction, you can close the trade on a given target without expecting further targets. If you want to learn more about VWAP, check out my guide available on my profile. Happy trading :)
BITSTAMP:BTCUSDShort
by Vezzeris
BTC, need some Clar-it-teeIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! BTC RLB final update. In at 29605.2 Still important levels. Labels are ded. None said "Price Will bounce here". I am not in control of the market. I AM in control of how I react to the market...🧘‍♂️ Need some clarity. Red would be the prettiest count, MO.
COINBASE:BTCUSD
by CryptoKnee
MKR: Bullish PennantMaker (MKR) technical analysis: Trade setup : Trends have reversed to uptrend but has reached our target of $1,000-$1,100 resistance zone, where it got rejected. Notice the long wicks on recent daily candles, indicating heavy selling. After a 100% gain from recent lows ($500) on June 10th, we expect some profit taking around the $1K resistance area. Now it’s consolidating in a Bullish Pennant pattern and we wait for a breakout. We highlighted MKR in our recent trading video “5 coins with big upside near-term”. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $800 (previous resistance), then $600 – $700. The nearest Resistance Zone is $1000 – $1100.
Long
by altFINS
#SSVUSDT Fibonacci Dance: A 60% Rise in Sight?💎 Recently, #SSVUSDT completed an ABC corrective pattern, a classic move according to the Elliott wave theory. This was followed by a break to the upside, suggesting a strong buying presence in the market. 💎 The latest price action shows a pullback on #SSVnetwork, which was halted right at the 38.2% Fibonacci support level. Alongside this, the price also approached and so far rejected the uptrend trendline. 💎 These factors significantly increase the likelihood of an uptrend continuation. In fact, we might see TSXV:SSV rise by 45% or 60%, based on the Fibonacci resistance levels. 💎 Now, for our ParadiseClub members who are keeping a keen eye on #SSV, it's important to note that for such a bullish scenario to unfold, the price must remain above the C-wave low at all costs.
Long
by MyCryptoParadise
BTCUSD entering range?We have seen some very interesting price action from B TC recently with a returning surge to the 30k handle. Price has also broken long term down trend but is showing signs of being range bound until the next heavy impact news or data. - Price breaks long term down trend to lows of 15k - Return to 30k handle and test of resistance - range bound price action on the higher time frames Plan - Hold for better entry at lower prices or at support levels around 24k - Look for reversal patterns and role reversals into up momentum - lower time frames - Watch for break of resistance and Higher Low on the 30k handle for best entry prices Feel free to drop a comment with your views on this market!
COINBASE:BTCUSD
by Youza