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Crypto-trading

OTHERS.D 50.00% FIB CRITICAL LEVEL **Hello dear altcoin degens, HODL-ers, and traders,** How are you doing this Saturday? I hope you’re enjoying the weekend in your own unique way! This is **OTHERS.D**, the index representing the market cap of altcoins outside the top 10. On the weekly time frame, there are several key points of interest that could help us analyze what might happen next. However, as always in trading, nothing should be taken for granted. **Key Observations** 1. **Higher Lows Trendline:** - We can clearly see a series of higher lows, starting with the bottom formed during the week of **June 5, 2023**, and another higher low during the week of **October 28, 2024**. This upward trendline is a promising signal for the altcoin market. 2. **The Role of the 21MA (Moving Average):** - Historically, the 21MA has acted as a reliable support level before price moves higher, as seen between **July 17,2023** and **August 7, 2024** (highlighted with a green circle). - Currently, the price is trading above this 21MA, which is an encouraging sign. 3. **The Critical 50% Fibonacci Level:** - The 50% Fib retracement level has historically been significant. The green circle highlights how this level previously served as the launchpad for an upward move. - At present, the price is trying to break through this level, which is acting as resistance. **Combining Support Factors** When we combine the **21MA** and the **50% Fibonacci level**, we get an area of strong support/resistance. For now, the price is attempting to break through this resistance zone. **What’s Next?** - If the weekly candle closes **above this critical area**, it’s a bullish signal and great news for those hunting the elusive **altseason**! - Until then, we wait. The weekly close will provide more clarity, and based on the outcome, we can decide on the next course of action. **Final Note** Patience is key in this game. Stay safe, and let’s see how this plays out!
CRYPTOCAP:OTHERS.D
by vagada
Tia@Celestia on WEEKLY LONG ENTRY Hello everyone, and happy Friday! BTC's current price is 99,269 USDT—incredible! For a quick and simple TA on BTC, check out my ideas. Feel free to boost if you like the content. As for Celestia (#50 on CMC) on the weekly chart: the price remains at low levels but is forming higher lows compared to the week of September 2nd. The system is LONG, with the stop-loss (SL) placed at the first PSR, which technically validates this position. This makes it a forced entry on the weekly. I'll keep you updated. Have a great weekend, everyone! It’s late here (UTC+02:00), but if it’s still early where you are, I hope your Friday night is everything you want it to be. Stay safe, and remember to think before acting.
Long
by vagada
RUNEUSDT.P REJECTED Dear degens, Things are moving the other way for RUNE. It rejected the previous day’s close with a lower high and is now looking for support in the green zone. This area is intraday, so it could break if selling pressure starts to accumulate. Keep an eye on the volume on both sides. If it breaks down, the next support could be the 200 MA. Are you long or short? Or are you watching and waiting to take action? Feel free to share. Stay safe and keep an open mind!
Short
by vagada
2
$ETH Is This the Perfect Entry Point or a Trap?BINANCE:ETHUSDT.P On the chart we can see that the correction I mentioned earlier is underway. The price is now at the Fibonacci level, which could be the reversal point of this movement. Also, the price may go a little lower to gain more volume at the support level. After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop. Entry data: Entry: 2580 SL: 2468 TP: 2952
Long
by DirectorTradinga
1