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MASK/USDT Broken Out of a Descending Channel | What to Expect? 💎Paradisers, be on your toes! MASK/USDT is showing signs of breaking out of its descending channel and is currently cruising within a demand zone. We're optimistic about a potential bullish ascent. 💎Recently, MASK has been oscillating within a defined bracket. It encountered a barrier at a bearish order block near the $3.34 mark. With its current bullish undertones, it seems poised to retest this barrier. 💎Watch out for the looming supply zone and the bearish order block identified on extended time frames; these might be on the MASK's radar next. 💎However, if the price dips beneath the demand zone and crucial support, brace for a possible bearish shift. 💎Stay sharp and keep those charts updated for more insights! 🌴
Long
by MyCryptoParadise_Simon
LINK: Resistance BreakoutChainLink (LINK) technical analysis: Trade setup : Price bounced off of $6 long-term support and broke back above 200-day moving average (~$6.70), which could signal potential bullish trend reversal with upside to $8.50. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $6.00 (previous resistance) then $5.00. The nearest Resistance Zone is $8.50, then $9.50.
Long
by altFINS
2
DIA is Ready For an Explosive Bull Rally | DIA Analysis Today💎Paradisers, turn your attention to DIA/USDT! The asset has just escaped a well-defined trading range and is setting the stage for a likely bullish surge. 💎If this breakout unfolds as we expect, get ready for a significant upward rally with DIA. 💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the DIA, considering the liquidity present there. 💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB). 💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates!
Long
by MyCryptoParadise_Simon
MKR: Approaching ResistanceMaker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn , which indicates consistent demand from buyers. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) pull to $1,000-$1,100 support area , which could be an attractive swing entry in Uptrend. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. 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 $1,000 – $1,100 (previous resistance), then $800. The nearest Resistance Zone is $1,350.
Long
by altFINS
FLOW Just Broke Descending Channel | Flow Bullish Momentum 💎 Paradisers, get ready for an electrifying chance with FLOWUSDT! Having recently shattered its descending channel trend line, the asset is in the process of retesting this level, paving the way for a potential bullish leap. 💎Just a few days ago, FLOW sketched a sturdy descending channel, making contact with the trend line on several distinct occasions before finally breaking itself. 💎What ignited this breakout? Our deep dive into the High Time Frame (HTF) weekly chart unveils a bullish weekly candle, indicative of powerful buying momentum. 💎The volume profile is equally telling, showing fluctuations that correspond with the range of the candle. This retest could serve as a prime trading gateway. 💎However, if the FLOW plunges below the trend line, brace yourself for a considerable downward trajectory. In such an event, strategize your short positions meticulously. 💎Stay on the cutting edge and trade wisely!
Long
by MyCryptoParadise_Simon
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short-Term basis and Neutral on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $140 – $150. The nearest Resistance Zone is $200, which it broke, then $250 and $330.
Long
by altFINS
FLOW: Descending Triangle BreakoutTrade setup : Bullish breakout from Descending Triangle, with robust volumes, could signal potential bullish trend reversal with upside potential to $0.65. This is a trend reversal trade setup, not trend continuation, which carries a higher risk since overall trend is still down. Nearest support is $0.40, which held up in June and recently in August. Trend : Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.40. The nearest Resistance Zone is $0.65, then $0.80 and $1.10.
Long
by altFINS
3
MKR: Approaching ResistanceMaker (MKR) technical analysis: Trade setup: A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) pull to $1,000-$1,100 support area , which could be an attractive swing entry in Uptrend. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800. The nearest Resistance Zone is $1,350.
Long
by altFINS
DOGE: Approaching SupportDogeCoin (DOGE) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached $0.085 for a 30% gain. Now it’s pulled back below 200-day moving average ($0.08) and below $0.07 support, giving up all of those prior gains. We wait for price to either 1) regain those key levels to confirm Uptrend, or 2) pull back to $0.053 support for a swing entry. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Long
by altFINS
BNB: Approaching ResistanceBinance (BNB) technical analysis: Trade setup : Following a bearish breakout from Ascending Triangle pattern, price resumed its downtrend and broke below $220 key level. That’s a level that held up in June and also in Dec 2022, so it’s significant that price has broken below that $220 level and made a new low. Price could revisit $200 support. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $200. The nearest Resistance Zone is $220, then $260, and $300.
Long
by altFINS
TRX: Resistance BreakoutTRON (TRX) technical analysis: Trade setup : Following a bearish breakout from Channel Up pattern, price pulled back near $0.073 support and broke back above $0.08 resistance to resume uptrend, with upside to $0.086. It is also positive to see that during this recent downswing, price reached a bottom at ~$0.07 which was higher than during the prior major downswing at ~$0.065 and previous low of $0.06. That means price made a Higher Low , which is a bullish indication of buyers stepping up on major pullbacks. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.073, then $0.065. The nearest Resistance Zone is $0.080, which it broke, then $0.086.
Long
by altFINS
SNX: Approaching SupportTrade setup : Following a bullish breakout from Channel Down pattern, price reached our target of $3.40 resistance. Price has now pulled back, broke below support at 200-day MA (~$2.40) and reached $2.00 support zone which could be a swing entry, albeit higher risk trade setup since overall trend is still down. That level held up in May and March. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $2.00, then $1.60. The nearest Resistance Zone is $3.05, then $3.40.
Long
by altFINS
ETH: Oversold at SupportEthereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Now, price is getting oversold (RSI < 30) and approaching support of $1,500, which could be a swing trade entry area, albeit a riskier trade setup since overall trend is down. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1,625, which it broke, then $1,500. The nearest Resistance Zone is $1,800 (previous support), then $2,000 and $2,140.
Long
by altFINS
CELO/USDT is Preparing For a Bullish Momentum💎Yello Paradisers, tune in for a quick rundown on CELOUSDT! The asset has recently made a return to its demand zone and appears primed for an upward swing. 💎 A couple of days back, we pinpointed the 0.536 level as a crucial turning point. So far, the price has been holding steady at this juncture. Yet, given the current market volatility, it's wise to tread carefully. 💎 If the price loses its grip within the demand zone, view this as an optimal chance to take a short position down to the invalidation level. 💎 Stay sharp and trade wisely!
Long
by MyCryptoParadise_Simon
LTC: Support BreakoutLitecoin (LTC) technical analysis: Trade setup : Following a bearish breakout from a Channel Down pattern, price has now also broken below $65 support zone, resuming its downtrend. That support area held up recently in August but also in March and Dec 2022, thus its significant sign of weakness to see that level broken. Price could revisit $50 support next. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $65, which it broke, then $50. The nearest Resistance Zone is $75 (previous support), then $100.
Long
by altFINS
XLM: Pullback in UptrendStellar (XLM) technical analysis: Trade setup : Following a breakout from a Falling Wedge pattern, price spiked up to $0.19 where it got very overbought (RSI > 75) and traders took profits (selling pressure). Now it’s pulled back to support of $0.12, which could be a swing entry level. Fibonacci retracement levels are $0.12 (78.6%) and $0.13 (61.80%). Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.12, then $0.10. The nearest Resistance Zone is $0.13, then $0.19.
Long
by altFINS
ETH: Approaching SupportEthereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Now, price is again near support of $1,625, which could be a swing trade entry area, albeit a riskier trade setup since overall trend is down. Momentum turned bullish again (MACD crossover) and price could revisit $1,800 resistance area. If it breaks above 200-day MA ($1800), that could signal uptrend resumption. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $1,625, then $1,500. The nearest Resistance Zone is $1,800 (previous support), then $2,000 and $2,140.
Long
by altFINS
SSV Ready to Go For Another Bull RUN? SSV Analysis Today 💎Paradisers, focus on SSV/USDT! The asset is currently navigating above a well-defined trading range and appears poised for a possible upward breakout. 💎If this breakout unfolds as we expect, we might see another bull rally to the mentioned levels. 💎It's crucial to highlight the two verified order blocks in the shorter timeframe. These zones are probable targets for the price, given the existing liquidity. 💎Reflecting on past trends, we've seen a transition from demand to supply, resulting in a significant price drop and targeting the previous Order Block (OB). 💎In the ever-changing crypto landscape, staying vigilant and adaptable is key. Keep your charts refreshed and stay tuned for more updates!
Long
by MyCryptoParadise_Simon
1
DOGE: Approaching SupportDogeCoin (DOGE) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached $0.085 for a 30% gain. Now it’s pulled back below 200-day moving average ($0.08) and below $0.07 support, giving up all of those prior gains. We wait for price to either 1) regain those key levels to confirm Uptrend, or 2) pull back to $0.053 support for a swing entry. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Long
by altFINS
KDA Getting Ready For Bullish Surge? Kadena Today Analysis 💎Yello, Paradisers, get ready for action! KDA/USDT is teetering on the edge of a bullish breakout, poised to escape its downward channel and kickstart an upward journey. 💎Recently, Kadena (KDA) has been gravitating around a crucial support area. With trading volume on the rise, we're optimistic about a forthcoming bullish swing. 💎After initially setting equal highs, the price took a notable nosedive, signaling a shift in market sentiment and prolonging its bearish course. 💎However, bullish indicators are starting to resurface, and we expect the KDA to aim for the looming supply zone soon. 💎A word of caution, If the price breaks below the support amid market fluctuations, gear up for a potential bearish continuation. 💎Stay tuned for more real-time updates and trading insights!
Long
by MyCryptoParadise_Simon
AAVE: Channel Down BreakoutAAVE (AAVE) technical analysis: Trade setup : Bullish breakout from Channel Down pattern. Price is now retesting that breakout but if successful, it could revisit $65 resistance (upside potential). Overall trend is down, therefore, this a trend reversal trade setup, which is a higher risk trade than continuation patterns. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $65 (previous support), then $80.
Long
by altFINS
2
FXS/USDT Planning for a Possible Rally | FXS Analysis 💎 Paradisers, brace yourselves! FXS/USDT seems poised for a bullish breakout, potentially tearing away from its downward trajectory to spark a notable ascent. 💎 Recently, this asset has been lingering near a crucial support threshold. With an uptick in trading volume, we're optimistic about a forthcoming bullish transition. 💎 After marking consistent highs, the price underwent a marked decline, signaling a shift in market sentiment and prolonging its bearish journey. 💎 However, bullish indicators are starting to resurface, and we project the price will soon approach the looming supply zone. 💎 A word of caution: If the price plunges beneath the support amidst market unpredictability, gear up for a potential bearish swing. 💎 Stay engaged for further insights!
Long
by MyCryptoParadise_Simon