BITCOIN Breaks Higher - Is $106K the Next Target?COINBASE:BTCUSD is trading within an ascending channel, signaling bullish momentum. The price has consistently respected the channel boundaries, forming higher highs and higher lows, which aligns with the continuation of the uptrend.
Recently, the price has broken out with strong momentum and may now be pulling back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward the $106,000 level, which aligns with the upper boundary of the ascending channel. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have!
Cryptocurrency
BITCOIN Monthly RSI Heatmap reveals ultimate Cycle Sell Zone!Bitcoin (BTCUSD) has resumed the long-term bullish trend and as of the writing of this analysis, it is about to test the $100k key psychological level. Now that the Bull Cycle is entering its final stage (most likely for the next 6 months at most), it is time to see potential exit levels as close to the expected Top as possible.
There is no better long-term indicator to assist us on this than the 1M RSI, which historically offers a great level to Sell when it enters the 0.786 - 1.0 Fibonacci range of its Channel Down. Currently it is still considerably distanced from that Zone, so the upside potential despite the recent break-out, is huge.
The Sine Waves indicate that in symmetrical terms, the Cycle Top should be priced around November 2025 (previous ones on November 2021, December 2017, December 2013). The closer the 1M RSI is to this date when it enters the 0.786 - 1.0 Fib Zone, the better as the higher the price will most likely be.
Based on this Cycle's Channel Up (blue), a fair Cycle Top range would be $150k - $200k. Would you agree? Feel free to let us know in the comments section below!
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BITCOIN Mirror fractal from the past calls for massive rally!Bitcoin (BTCUSD) appears to be repeating almost the exact same price action as mid-late 2020 as it has broken above the Pivot trend-line that separates the recent distribution from the 2nd Accumulation phase and has successfully re-tested it while the MA50 (blue trend-line) is holding as Support.
If the latter continues to hold, then it might fuel a massive rally similar to October 2020 - April 2021. As you can see both fractals started of with a 1st Accumulation Phase (blue Rectangle) being supported always by their respective MA200 (orange trend-line), which led to the eventual Distribution Phase (red Arc). Even their RSI sequences are identical.
Is this another pattern supporting that BTC will reach at least $150k next? Feel free to let us know in the comments section below!
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TIAUSD just broke above the 5-month Falling Wedge!Celestia (TIAUSD) made a major bullish break-out today as not only did it break above its 1D MA50 (blue trend-line) but also above the 5-month Lower Highs trend-line (December 06 2024), which is the top of the Falling Wedge pattern!
With the 1D RSI also on Higher Lows, this bullish momentum is targeting the 2.0 Fibonacci extension level at 4.000, which is where contact with the 1D MA200 (orange trend-line) is expected to be made.
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BITCOIN - Bullish Continuation After BreakoutCOINBASE:BTCUSD has broken above a key daily resistance zone and is now pulling back for a potential retest. This area previously acted as a resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, price is likely to continue upward toward the 102,000 level, which serves as a logical target based on previous structure. Conversely, a failure to hold this support could signal a potential shift and invalidate the bullish continuation.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wick rejections from the support zone, or increased buying volume, before considering long positions.
102.5K nearest upside target. 110K is the next oneMorning folks,
So, the pullback to 88-89K area that we discussed last time has not happened. Market turns to direct upside continuation. Now it has no big barriers ahead, which means that 110K is the major target for now.
On Intraday charts we have another one - 102.5K which is the nearest one. We consider no shorts by far. For long entry you could use any deep that you would like to. We suggest that 97.50-98K area is quite suitable for this. Deeper retracement will look suspicious.
Crypto update for 2025.05.08A quick little technical crypto update for 2025.05.08.
Let us know what you think.
CRYPTO:BTCUSD
CRYPTO:BCHUSD
CRYPTO:ETHUSD
CRYPTO:XRPUSD
CRYPTO:DOGEUSD
CRYPTO:DOTUSD
CRYPTO:TRXUSD
Let us know what you think in the comments below.
Thank you.
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Phemex Analysis #79: KAITO Surge 85% in 48 Hours!KAITO token has recently experienced a significant surge, gaining approximately 85% in the past 48 hours. This explosive price action has drawn considerable attention from traders and investors. The surge appears to be fueled by increased investor interest driven by new partnerships and expanding community rewards, particularly the integration of Huma Finance's Yapper leaderboard. Kaito is an AI token based on the BASE blockchain. The platform aims to enhance user experience and engagement within decentralized finance (DeFi) by providing AI-driven insights. This analysis will delve into the potential reasons behind this surge and explore possible trading scenarios for KAITO.
Possible Reasons
The recent price surge in KAITO can be attributed to a combination of factors:
Huma Finance Integration: KAITO's integration of Huma Finance's Yapper leaderboard has generated excitement. Yappers, who actively engage with crypto-related content on X, are being rewarded through Kaito's platform. This collaboration is likely driving increased demand for KAITO tokens.
"Earn and Drop" Season: Kaito founder Yu Hu announced the start of the "Earn and Drop" season, with collaborations like the one with PayFi Network's BOOP. These initiatives incentivize user participation and can contribute to positive price momentum.
Increased Transparency: The addition of Total Value Distributed data to Kaito's Dune Analytics dashboard provides greater transparency into reward distribution within the ecosystem. This transparency can boost investor confidence.
Community Growth: Kaito has experienced strong community growth, with a significant number of monthly active "Yappers." A vibrant and engaged community can contribute to increased token demand.
Token Withdrawals from Exchanges: Data indicates that investors have been withdrawing KAITO tokens from exchanges, suggesting accumulation rather than selling pressure.
Possible Scenarios
Given the recent surge, here are three potential scenarios for KAITO's short-term price action:
1. Continuation of the Uptrend
If KAITO maintains strong buying pressure, high volume, and positive sentiment driven by ongoing developments and community engagement, the uptrend could continue.
Pro Tips:
If the price continues rising, consider taking short-term profits at key resistance levels like $1.78, $2.02 & $2.43.
Monitor technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) for confirmation of continued bullish momentum.
2. Bearish Reversal
Following the rapid price increase, KAITO is vulnerable to a bearish reversal. Profit-taking, negative news, or a shift in overall market sentiment could trigger a significant decline.
Pro Tips:
Watch for signs of weakening momentum, such as bearish divergence in the RSI or the formation of bearish chart patterns (e.g., double top, head and shoulders).
Be prepared to exit long positions quickly if a reversal occurs.
Consider short-selling opportunities if the price breaks below key support levels with strong volume, but exercise caution and manage risk effectively.
3. Small Dip Before Continued Rise
KAITO's price may experience a small dip, potentially towards the $1.00 level, followed by a consolidation period before resuming its upward trajectory. This scenario suggests a temporary pullback before the uptrend continues.
Pro Tips:
Identify the potential support level for the dip (e.g., $1.00).
Watch for signs of consolidation following the dip, such as sideways price action with decreasing volatility.
You might start accumulating KAITO during the sideways movement or look for a breakout above the consolidation range as a signal to enter long positions, targeting the previous resistance levels.
Conclusion
KAITO's recent 85% surge is driven by a combination of factors, including strategic integrations, community engagement, and positive market sentiment. While the current momentum is strong, traders should be aware of the inherent volatility in the cryptocurrency market. The three scenarios outlined above—continuation of the uptrend, bearish reversal, and a small dip before a continued rise—provide a framework for understanding potential future price action. By employing sound risk management practices, utilizing technical and fundamental analysis, and staying informed about developments within the Kaito ecosystem, traders can navigate the market effectively.
Pro Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TON/USDT : The Next Bullish Rally Ahead? (READ THE CAPTION)By analyzing the #Toncoin chart on the 3-day timeframe, we can see that the price is currently trading around $3.00, which is approximately 60% below its all-time high of $8.20. If Toncoin can hold above the $2.80 level, we may expect further bullish momentum in the mid-term.
The next potential upside targets are $3.39, $3.64, $4.20, and $4.66.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
SANDUSD: The recovery back to 1.07350 has started.Sandbox (SANDUSD) is marginally bearish on its 1D technical outlook (RSI = 43.227, MACD = -0.001, ADX = 35.488) as it dropped below its 1D MA50 again. However, the breakout over its 5 month LH trendline has already happened and calls for a long term recovery. As you can see the Fibonacci retracement levels form fairly symmetric Resistances with the previous LH levels, so we expect them one by one to get filled (final TP = 1.07350).
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BTCUSDTHello Traders! 👋
What are your thoughts on BITCOIN?
Bitcoin is currently testing a major resistance zone between $98,000 and $100,000, which also aligns with the 0.707 Fibonacci retracement. This area has previously acted as a strong supply zone, raising the possibility of a short-term rejection.
Scenario 1 – Bullish Breakout:
If price breaks and closes above $100,000, we could see a strong continuation toward $106,000 → $112,000, driven by momentum and possible FOMO.
Scenario 2 – Deeper Pullback Before Continuation:
If Bitcoin gets rejected at resistance, a retest of the lower support zone (previous demand area) may follow.
A successful bounce from that support could reignite bullish momentum in the medium term.
Trading Strategy:
Wait for a confirmed breakout and candle close above $100K for a high-conviction long entry.
Alternatively, look for buy setups on a pullback toward the support zone for a better risk-reward entry.
How are you planning to trade this setup? Breakout or dip-buy? Share your strategy below! 👇
Don’t forget to like and share your thoughts in the comments! ❤️
RDNT/USDT 4H Chart: Inverted Head and Shoulders? Hey traders! Let’s dive into this 4-hour RDNTUSDT chart.
Radient Capital is setting up a classic pattern that could signal a big move!
We’re seeing an inverted head and shoulders forming, with the price breaking above the resistance of Wedge around $0.2290. The "head" bottomed out near $0.1590, with the shoulders forming at higher lows.
If this pattern plays out, we could see a bullish surge targeting $0.2650 and higher!
However, if the breakout fails, we might see a pullback to the shoulder low at $0.2160 or even the support at $0.1974.
Key Levels to Watch:
Resistance: $0.2650
Support: $0.2160 (shoulder)
Breakout Target: $0.2650+
Breakdown Risk: $0.1974
Is RDNT ready to soar, or will this breakout fail? Drop your thoughts below!
CAKEUSD Ahead of a monumental Triangle break-out.PancakeSwap (CAKEUSD) has been trading within a Triangle pattern since the December 04 2024 High and the price has been on the tightest squeeze possible since.
As you can see, it has been ranged for the past 2 weeks withing the 0.382 - 0.618 Fibonacci range and this is also reflected on the 1D RSI sequence.
If the price breaks above the top of the Triangle (Lower Highs trend-line), we expect a rally towards the 2.0 Fibonacci extension (5.3000). Alternatively, you may target on a safer note either Resistance 1 or the 1.618 Fib ext.
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ETH Summer BearishA potential path for ETH before resuming a bullish major trend, is drawn with a purple arrow.
I don't think the FED will cut rates today. In fact, maybe in September. Maybe. If the FED cut rates, then the target scenario (green box in the chart) would not play out, we would shift to a bullish movement. I wish for that, but I don't think is near yet.
That being said, the current potential risk, I calculated it to -30% from current levels. Exact prices are impossible to predict, rather I focus on target areas.
DISCLAIMER:
Do Your Own Research, don't use mine to invest! This is not a financial advice, it is only a mere opinion of mine. I own several cryptocurrencies, including ETH.
ETHEREUM TO $8000According to the previous tops we have for Ethereum on big time frames, we have a strong & long-term trend-line which gives us $7000 in summer and $8000 in October time.
On the other hand the 161.8% Fibonacci from the previous top the bottom we just saw (about $1500 ) is at $8000 .
Is this a coincident?! I don't think so
Sperax: Bullish pennant.Sperax is consolidating in a bullish pennant pattern after a strong recovery rally off the March lows. Price action has tightened between ascending support and descending resistance, forming a textbook continuation setup. Volume has decreased during this compression, which is often a precursor to explosive movement.
Fundamental Catalysts (Despite GENIUS Act Stalling):
Retail DeFi Narrative is Still Alive – While the GENIUS Act failed in the Senate, the momentum for regulatory clarity in the DeFi space continues. Future bills or executive actions could unlock capital flows to protocols like Sperax.
Deflationary Pressure —Over 13% of the total SPA supply has been burned, with more tokens locked and lost. The actual circulating supply is meaningfully lower than the total supply shown on aggregators.
SIP-70 has been passed , shifting SPA emissions from an automatic release model to a DAO-controlled emission schedule. This marks a significant milestone towards sustainable tokenomics and the preservation of long-term value.
Long-Term Accumulation – Wallet data and order books suggest that whales and long-term holders quietly accumulate during this sideways range.
Sperax remains a low-cap token with outsized potential in the next altseason if it secures even one meaningful partnership or fiat on-ramp.
XTZ/USD Main trend. Downward channelLogarithm. Time frame 1 week. Main trend.
Idea for understanding the local work zone for traders in the main trend. It will also be useful for investors to understand the cheap/expensive zones for investing.
Linear price chart.
Secondary trend. Downward channel. Area to work. Time frame 3 days.
XTZ/USD Secondary trend. Downward channel.
No Altseason Until BTC.D Hits 70%?Bitcoin Dominance (BTC.D) is currently climbing and approaching a major resistance zone between 71.38% and 73.06%. This area has proven to be a strong turning point in the past, acting as a top back in December 2017, September 2019, and again in 2021. These repeated rejections suggest that this zone is likely to remain a key resistance.
Right now, BTC.D is sitting around 64.66% and still has room to push higher. However, if it enters the resistance zone again, there’s a strong chance it may face selling pressure and start reversing. The white arrow on the chart shows the possible move into resistance, while the red projection outlines the expected rejection and potential decline back toward the 54.63% level—another important support zone from the past.
In simple terms, BTC dominance might be nearing its peak, and once it reaches the upper zone, we could start seeing altcoins gain more strength as dominance falls. This chart helps anticipate when the market might shift from BTC-led rallies to altcoin outperformance.
BITCOIN Climbing the Fibonacci Staircase..Bitcoin (BTCUSD) has come into the Fed Rate Decision week stronger that ever, having staged an impressive rebound from the early-April Low. The consolidation of the last few days is of course a market reaction in anticipation of the big interest rate news.
Regardless of that, the Channel Up that is the underlying pattern from the start of this Bull Cycle has been filling on an impressive symmetrical scale all .382 Fibonacci extensions one by one. The most recent has been the 4.382 and naturally the next in line is the 5.382 Fibonacci extension.
Since the last one (4.382) was almost hit before the price pull-back, it would be more fitting to assume the next peak slightly below the 5.382 Fib ext as well as $170000.
This may very well be the final High i.e. the Cycle's Top before the next Bear Cycle begins, depending on the time it hits it.
Do you think that would be the case? Feel free to let us know in the comments section below!
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Phemex Analysis #78: Pro Tips for Trading SOLANA (SOL)Solana ( PHEMEX:SOLUSDT.P ) is known for its high throughput and fast transaction speeds, making it a popular choice for various decentralized applications (dApps) and traders. Large crypto-native funds are actively bidding for bulk SOL positions, betting on eventual U.S. spot-ETF approval. This analysis will outline potential trading scenarios for SOL, keeping in mind the volatility inherent in the cryptocurrency market and the interest from large crypto funds.
Possible Scenarios
1. Uptrend
If Solana demonstrates strong buying pressure, high volume, and positive news or developments, including potential U.S. spot-ETF approval, it could establish and maintain an uptrend. The interest from large crypto-native funds suggests significant capital inflows could drive prices higher in this scenario.
Pro Tips:
Identify key resistance levels, such as $157. A breakout above these levels, accompanied by increased volume, could signal a continuation of the uptrend.
Consider entering long positions on the breakouts, with stop-loss orders placed below recent swing lows to manage risk.
Short term profit targets are $179, $205 & $241.
2. Consolidation
Solana's price may enter a consolidation phase, characterized by sideways movement within a defined range. This could occur after a significant uptrend or downtrend, or as the market awaits further clarity on factors such as regulatory developments or ETF approval.
Pro Tips:
Identify the upper and lower boundaries of the consolidation range, such as $157 (upper) and $133 (lower).
Be patient and wait for a clear breakout or breakdown from the range before taking a position.
Consider range-bound trading strategies, such as buying near support and selling near resistance, but manage risk carefully.
3. Downtrend
Solana's price could decline due to various factors, including negative news, market-wide sell-offs, or a decrease in demand. However, the presence of large funds accumulating SOL may provide a degree of support during downturns.
Pro Tips:
Identify key support levels, such as $140 & $133. A break below these levels could signal further downside.
Consider exiting long positions or tightening stop-loss orders if the price breaks below important support.
For experienced traders, short-selling opportunities may arise during a downtrend, but this carries higher risk.
Conclusion
Solana presents both opportunities and risks for traders. Its high throughput and fast transaction speeds, combined with the interest from large crypto-native funds anticipating potential ETF approval, suggest the potential for significant price appreciation. However, like all cryptocurrencies, Solana is subject to market volatility and regulatory uncertainty. Traders should employ a combination of technical and fundamental analysis, practice sound risk management, and stay informed about market developments to make informed trading decisions. The potential for a U.S. spot-ETF adds a layer of complexity and opportunity, requiring traders to closely monitor regulatory news and fund flows.
Pro Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Starknet - Incoming Reversal?Starknet has been on a consistent downtrend. Its about time we finish this wave structure where we will see an impulse finish of Wave c.
Looking for the 5th wave to finish to sweep the low. However, the pullback seems very deep in that micro structure so its also likely we don't get that sweep. As long as we close below that wick from the green box and we can consider 5th wave to be done.
AI Prediction SOL/USD Trading Plan 24 hours!💰 May 4, 2025 8:52 pm. SOL/USD Trading Plan
Long Scenario
- Entry: Breakout above 148.50 (volume >8,000).
- Stop-Loss (SL): 145.50 (below support).
- Take-Profit (TP): 149.50 (below resistance).
- Trailing Stop: 1.5x ATR ($0.77).
- Confirmation: Supertrend (long), MACD bullish crossover, RSI >50.
Short Scenario
- Entry: Breakdown below 146.50 (volume >12,000).
- SL: 147.50 (above resistance).
- TP: 145.50 (above support).
- Trailing Stop: 1x ATR ($0.51).
- Confirmation: Supertrend flips short, MACD bearish, CMF <0.