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GRASS/USDT 4H Analysis: Consolidation at Key LevelsOverview The GRASS/USDT perpetual contract is currently trading at $2.875, showing consolidation around a critical Fibonacci retracement level. The market appears to be in a neutral-to-bearish phase, with potential for either a breakdown or a reversal depending on key supports and resistances. Technical Highlights 1. Price Action The price is hovering near the 0.786 Fibonacci level ($2.828), which aligns with a strong support zone. There has been a rejection from the recent swing high of $3.534. The previous significant support was Fib 1.618 ($2.080), where a strong bounce occurred, indicating a key demand zone. 2. Indicators MACD (12, 26, 9): The MACD line is slightly below the signal line (-0.0777 vs -0.0688), and the histogram is near neutral at -0.0089. This suggests a weakening bearish momentum but no clear bullish crossover yet. RSI: The RSI is at 41.24, slightly above the oversold zone, but still below its MA (44.05), indicating bearish control. 3. Volume 3.58M in volume shows moderate activity. A breakout or breakdown will require a significant increase in trading volume for confirmation. Support and Resistance Levels Immediate Support: $2.828 (Fib 0.786): A key level for the bulls to defend. $2.635: A breakdown below this could lead to a retest of $2.080. Immediate Resistance: $3.192 (Fib 0.382): If broken, the price could target $3.534 (Fib 0). Potential Scenarios Bullish Scenario If the price breaks above $3.00 with increasing volume, it could test $3.19 and potentially the recent high of $3.534. A bullish divergence on RSI could strengthen this move. Bearish Scenario A drop below $2.828 could trigger further downside towards $2.635 or even $2.080. If the MACD continues its bearish trajectory, further selling pressure is expected. Trading Plan Long Setup: Enter above $3.00 with a target at $3.19 and a stop-loss below $2.83. Short Setup: Enter below $2.828, targeting $2.635, with a stop-loss at $2.90. Conclusion The market is at a pivotal point. Traders should wait for clear confirmations of direction through volume and indicator signals before entering positions. Keep an eye on macroeconomic factors and crypto market sentiment for additional context.
Long
by CryptoObi
Targeting Major Gains with ADA, BNB, and ATOMIn this video, we delve into swing trading strategies for three prominent cryptocurrencies: Cardano (ADA), Binance Coin (BNB), and Cosmos (ATOM). Cardano recently approached our suggested entry point of $0.34 and is showing potential to reach its previous all-time high (ATH), with a take-profit (TP) target of $6 if current momentum persists. Binance Coin has surpassed its previous ATH, and we're eyeing a TP of $1,200, provided the current support levels hold. Our Cosmos trade required adjustment, as the true reversal occurred near $3, forming a bullish engulfing candle. We now anticipate a return to its previous ATH, offering a potential 3x return in this 'safe' large-cap coin. Join us as we analyze these setups, discuss key support and resistance levels, and outline strategies to capitalize on these opportunities in the crypto market.
KRAKEN:ATOMUSDLong
by PlutusX
1000RATS/USDT: Anticipating a Breakout Soon1000RATS/USDT: Anticipating a Breakout Soon 1000RATS/USDT is currently trading within a tight consolidation phase, forming a clear pattern on the chart. The price has been respecting its range boundaries, showing signs of compression as it approaches the edge of the pattern. This buildup of pressure often leads to a decisive breakout, and I am expecting this move in the coming days. Key observations: - The volume has been steadily declining, which is typical before a significant breakout. Watch for a surge in volume to confirm the direction of the move. - The support levels within the pattern have held well, indicating that buyers are stepping in at critical points. Strategy: - A breakout above the resistance trendline could trigger a strong bullish move, potentially offering significant upside. - Keep an eye on the market conditions; any stability in the overall market could accelerate the breakout momentum. Note: - Be cautious and wait for confirmation before entering the trade. Breakouts can sometimes lead to fake-outs, especially in volatile conditions. - Manage your risk carefully and adjust your position size based on your tolerance level. Patience is key here; opportunities like this often reward those who wait for the right moment. Keep this setup on your watchlist and monitor closely!
Long
by Qaisrani-Trades
1
is BNB the next TRXTron has been a major overperformer with catching a niche in the growing stablecoin market. While BNB has been losing market share both in its chain and with its exchange.. BNB does still look strong. It does still share an ongoing fractal with TRX. It does look like relative to its weaker performance itll grow. I suspect TRX will pull BNB into a breakout of highs. Whether itll lead to gains as great as TRX Im not sure. Im not sure if BNB is the best risk reward but I do think BNB could follow TRX soon with not much relative to market risk.
Long
by SoftQuant
17
Bitcoin Bullish Wave V Complete!We’ve been holding long term buys on BTC, within the Crypto Fund since $33,400. Originally opened up a Standard lot size of 5.00. Closed out 3.00 lots at $77,000. After seeing the huge bullish momentum towards $99,000 this quarter, I thought to myself let price retrace towards $86,000 (which I also posted an analysis for) & create Wave IV. Then I’ll buy again & target $104,000. But price shot up towards $104,000 tonight to my surprise, invalidating Wave IV. Now I’m waiting on weekly candle closure to decide should I close another 50% position or not⏰
BITSTAMP:BTCUSDLong
by BA_Investments
1
BCH Long Awaited Breakout of the Multi-Year downtrend incoming? Hi everyone! Today we are looking at Bitcoin Cash (BCH) which has seen its share of drama including unexpected parabolic moves in the past. We're starting our analysis on the Monthly chart so we can zoom ALL the way out, and I am in log mode as I prefer this when I do my technical analysis. The chart looks very different here if you aren't in log mode, but when you turn it on, this YEARLY downtrend line appears, and we happen to be testing it at the moment during an extremely bullish time. I'll be honest, I have not been a fan of BCH in the past, but my feelings about such things have led to missed opportunities, and so when we do TA, we focus on the data, and we try to be as objective as possible to avoid letting bias or emotions influence what we see or do. Now the BCH story is quite interesting if you dig into it. Those that were around when it launched will never forget that day, as you received free BCH,1:1 with Bitcoin (BTC) given it is a fork of BTC. The challenge and drama set in since this was an attempt by a centralized entity led by Roger Ver to try to unseat Bitcoin by offering new features and capabilities he felt were lacking in the original blockchain. But this was met with much controversy, since the greatest value of crypto is in its decentralized ledger, and some might even say its mysterious origins. Who is the real Satoshi? Will we ever know? Is it one person, or a collection of people? Perhaps an entity or a foreign government? We may never know. In fact, I am sure we will never know. In any case, the self-proclaimed "Bitcoin Jesus", Roger Ver, was recently arrested on Fraud Charges. Ver faces three counts of mail fraud, two counts of tax evasion and three counts of subscription to a false tax return, according to the United States Department of Justice. He was an early adopter of Bitcoin, and smart enough to purchase the domain Bitcoin com. He's facing 109 years in prison, which is probably extreme, but it seems that someone is trying to make an example out of him. He's been accused of misuse of power, suppressing innovation, and dissent. Today his networth is estimated in the range of $500 million to $1 billion. On December 3rd, 2024 his legal team filed a motion to dismiss a criminal indictment against him having to do with an exit tax where he's accused of failing to accurately disclose the value of his assets when he renounced his US citizenship in 2014 after acquiring citizenship of St Kitts and Nevis. With the incoming Trump Administration in the United States, and the "Free Roger Ver" movement, one doesn't have to think twice about the potential for a Trump pardon. Trump has been highly favorable to crypto and Bitcoin, which is easily seen by the amount of donations he received from the community and the skyrocketing of the space following his November 5th win. Just yesterday, Trump named David Sacks of the PayPal Mafia as his "Crypto and AI Czar". David Sacks is closely tied to Peter Thiel who brought him into PayPal (see the book: "The Founders") in its early days. Peter Thiel invested heavily in Donald Trump's Presidential Campaign. While David Sacks is also a co-founder and partner of a VC firm Craft Ventures who invested in Multicoin Capital. Multicoin Capital is a VC firm who backed Solana in 2017. Are you making a connection yet? Why all of this backstory? Well, we would be remiss to ignore the macro environment and the potential for favoritism as Trump has already stated intention for multiple Pardons, and today, Roger Ver is one of the leading bets in Polymarket for a pardon. If you were tracking, you'll remember that Polymarket correctly called the U.S. Election. Okay... so without further background speculation, lets get back to the charts with these data points in mind to assist us. Not creating bias, but making us smarter and improving our probabilities. Remember all markets are based on speculation and price is simply a function of supply and demand. Zooming in to the 12 hour chart, identify a few interesting data points: 1. The cup and handle pattern off the most recent high around $720 draws nicely on the chart. 2. The break over the 200-day Moving Average. 3. Notable volume to support the break out of the 200-day MA. 4. Another test and arguably we are seeing a cross over of the multi-year downtrend line. Remember this is in a confirmed Bull Market, along with my rabbit hole analysis of the macro environment that can directly affect speculation on BCH above. This alone gets me excited and bullish on BCH. But it doesn't stop there. I want to provide a different view from the Weekly Chart, where I've tracked over to Binance from the Coinbase chart which has less historical data, and i'm making a potential bear case. It's critical to always consider the bear case on everything. A bear might say, Look at the upward facing wedge pattern, and how the price is just testing the outside of it, which happens to coincide with a key point on the Coinbase chart showing the multi-year downtrend. One should be careful and look for more confirmation on the chart for a breakout, rather than calling a breakout before it happens, since it is just as likely (if not more likely) that we bounce off these lines as resistance. I remain bull however, as I'm using other data points, and we'll take a look at this a little more closely below. Zooming in to the 4-hour chart, I'm tracking 2 upward channels. You can see the larger channel, and the more recent skinnier and steeper channel that have formed. I'm also tracking a fibonacci extension that seems to fit the current move after a quick swing outside of the skinnier channel. What I like about this extension is the bounces off the fibs, with the potential to reach higher extensions that break out of the downtrend. I am also using the bearish rising wedge here to show the risk of the reversal if this is a real resistance point. A quick review of the Weekly Chart on the BTC pairing shows some very obvious signs that support a bullish hypothesis. A breakout of the downward wedge that started from the high in March of this year 2024 also breaks above the BTC 200-day MA, and we see some increasing volume though nothing quite obvious from a volume perspective yet. However, I wouldn't be surprised if that volume increases sharply in the near future. A MACD bullish crossover on this chart would support this hypothesis. We also appear to have potentially completed an ABC correction of the massive move from the lowest low in June 2023. Finally, as we use our fib extension to look for targets of a bull breakout, we see a nice confluence of the May 2021 high falling somewhere in the range of 2.618 and 3.618 extensions. Using multiple view and time scales along with indicators to support our hypothesis is enough to give us a bullish hypothesis. When you add in the very present Roger Ver story, and the storied history of BCH, we realize that there is at least enough speculation for those that missed the opportunity Bitcoin itself provided. While I am indifferent on the potential of BCH, I have no bias or real interest in this asset personally. I can admit that following the BTC 200-day breakout I took a very small position of a single BCH given the upside potential. When considering how to protect yourself against the challenges of inflation, the opportunity the crypto space offers, and the exciting developments we are in store for in the coming year, one cannot ignore the potential BCH provides that is told only by the charts. The opportunity to maximize an investment with BCH has strong risk/reward, given the previous high was $4300 on Coinbase. There's a whole other story behind that parabolic move, but I'll let you look into that one yourself. Thanks for reading and be safe out there! This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling. - Shadowfigure
COINBASE:BCHUSDLong
by Shadowfigure
4
#DOGSUSDT at a Crossroads: What Will Happen Next?Yello, Paradisers! Could #DOGSUSDT be gearing up for a breakout, or will it fail to hold critical support levels? Let’s dive into the key areas of #DOGS: 💎#DOGSUSD recently broke above its descending resistance trendline, which has now flipped into support. This is a positive signal for the bulls, but the price still needs to decisively break above the $0.0008269 resistance level to confirm a sustained uptrend. Until then, the market remains at a pivotal moment. 💎A confirmed breakout above $0.0008269 could ignite strong bullish momentum, opening the door to a rally toward $0.0011000–$0.0013000, the next major resistance zone. This region represents a significant hurdle for #DOGSUSD, but clearing it would likely attract fresh buyers and push the price toward higher levels. 💎On the downside, immediate support lies at $0.0007178, followed by the critical demand zone between $0.0005880 and $0.0005300. As long as the price remains above this zone, the bullish case remains intact. A pullback into this area could provide bulls with another opportunity to regain momentum. 💎However, if #DOGS closes a candle below $0.0005300, this would invalidate the bullish structure and signal a potential drop toward $0.0004400 or lower. Such a move could pave the way for a deeper retracement and shake out weak hands before any recovery attempts. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Will #ID Explode or Collapse? Watch These Critical Levels Yello, Paradisers! Are we standing on the edge of a major breakout or will #IDUSDT plunge into a deeper retracement? Let’s break down the latest analysis of #SpaceID: 💎#ID has been trading within a broadening wedge pattern for months, with descending resistance and support lines shaping the structure. Recently, the price broke out above the wedge’s descending resistance—a critical technical milestone. However, for any meaningful upside, the price must conquer the $0.7495 resistance level, which currently stands as the major hurdle. 💎A clean breakout above $0.7495, confirmed with a daily close, could unleash a significant bullish rally. The next targets on this trajectory would be around $1.00 and potentially higher toward the $1.30–$1.60 major resistance zone. These levels would likely draw in fresh buying momentum, propelling the price further upward. 💎On the flip side, the $0.6710 level serves as immediate support. Below that, there is a strong demand zone at $0.5218–$0.3955, which has acted as a springboard for bullish recoveries in the past. As long as the price remains above this demand zone, the bullish case remains intact. A dip into this zone could provide an ideal opportunity for bulls to regain control. 💎However, if #IDUSD closes a candle below $0.3955, this would invalidate the bullish structure. Such a move could signal further downside, with the price targeting lows around $0.2850 or even lower. This scenario would shake out inexperienced traders and open opportunities for short sellers. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Here LAI's a nice tradejust look at it. roughly 30% to the next high time frame resistance level. Holding support zones and large EMA's, and making moves as bitcoin consolidates sideways. This is a great long setup, though it may take a few weeks to play out properly. The entry on a 4hr+ timeframe, allows for alot of wiggle room to let the trade work. With stops for many around the consolidation of the EMA's around 1.8-1.6, and a ton of upside room, it's hard to ask for a better entry. A big drop in bitcoin, which may confirm a lower high on the HTF's, would see this hit those stops. So make sure you have stop losses! Even in spot. These alt coins, both spot and levered, burn everyone all the time.
Long
by VaulTradeous