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BEAM Flashing a Signal—Is the Gaming Sector Ready to Surge?Weekly just fired a bullish signal on $BEAMX, and I’ve been waiting for this, especially since the meta/gaming sector has been lagging lately. There’s a valid setup, and I’m looking to enter closer to 0.017 and 0.016. This week should provide a solid entry opportunity, with next week potentially setting up as an expansion candle or at least a higher high to add relevance to this move. My target is 0.03 by December. It just needs to push above 0.020, and that will set the stage!
Long
by ZelfTrade
Compound (COMP)Compound is an interest distribution and DeFi lending protocol in which users stake their tokens in pools and borrowers can take a secured loan from any Compound pool. Anyway, compound has been in a downtrend for a while. Looking at the chart it seems price has made double bottom and also a triangle pattern is formed. Recently, compound popularity increased, and as a result, its price value, as well as volume, increased too. Now, we have to wait and see if the price can break this triangular pattern or not, for continuation.
BINANCE:COMPUSDLong
by SaeedSalehinia
1
BITCOIN repeating the November 2023 Channel and targets $140kBitcoin (BTCUSD) has been trading within a Channel Up in the past three weeks, basically for the majority of the month of November, following the U.S. elections. It may been struggling currently to break above the $100000 psychological barrier but historical patterns are in favor of a break-out as the very same Channel Up was formed exactly 1 year ago and paved the way for the March 14 2024 High. ** August 2023 vs August 2024 ** As you can see basically, BTC's whole sequence since the August 05 2024 Low is very similar to the one that started again a year before that in August 2023. The similarities are uncanny. Both fractals started with an August decline below the 1D MA200 (orange trend-line), bottoming inside a Cup pattern that initiated an Accumulation Process. At the same time, the 1D RSI was waving a Bullish Divergence as it has been rising on Higher Lows. ** Golden Cross to November Channel Up ** A 1D Golden Cross was formed right when the November Channel Up patterns emerged. By that time, the price was already on the 2.0 Fibonacci extension of the August decline. At the moment we are on the stage past a 1D MACD Death Cross, which led to a December bullish break-out to a new High. ** Next step = $140k ** A mere test of the 3.0 Fibonacci extension, would translate to a $140k price tag on Bitcoin. Based on the striking similarities and extremely high degree of symmetry with the pattern a year ago, it may become a reality as early as February 2025. But what do you think? Is symmetry with last year about to kick in and force a bullish break-out to 140k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
Phemex Analysis #40: TRX Boom 103% in One Day!The biggest news today is that TRON (TRX) surged 103% over yesterday. This breaks its record for the highest daily gain, shatters its market cap record by reaching a new high of $36 billion, and propels it into the top 10 biggest coins by market cap. News & Fundamental Analysis While the exact cause of this surge is unknown, many speculate that Justin Sun's post comparing TRX to XRP may have ignited FOMO (fear of missing out) in investors who missed the XRP rally, leading them to rush into TRX. This post quickly caught the attention of many investors, prompting them to take a deeper look into TRX. Here's what they found: 1. TRX is now the most widely used blockchain network for USDT transactions. 2. TRX's daily transaction volume surpasses 8.96 million, which is 2.6 times larger than XRP's daily transaction volume of 3.39 million. 3. TRX's daily transaction volume has surpassed $50 billion, exceeding VISA's daily volume of $42 billion. All of this data further fuels the bullish sentiment on TRX, ultimately leading to the historic 103% surge in a single day! Possible Scenarios Beyond fundamental analysis, let's explore potential scenarios for TRX through key support and resistance level analysis. 1. Rising Higher: The price has dropped 18% from its new all-time high (ATH) of $0.45028 and is currently trading at $0.38656. This is a healthy pullback, allowing the price to consolidate before potentially rising further. If the price breaks through $0.43 with high volume, it may continue climbing and establish a new ATH. 2. Continued Retracement: On the other hand, the price could continue to retrace down to $0.305, $0.27, or even $0.23. This could present a good buying opportunity for investors seeking TRX at a discount. However, it's advisable for investors to employ a Dollar-Cost Averaging (DCA) strategy and set stop-loss orders to manage risk in case of a further price decline. 3. Consolidation: It's also possible that the price might consolidate for an extended period between $0.4328 and $0.3678. In this case, it's best to be patient and wait for a clearer direction before making any trades. Range trading is not recommended for TRX at this time due to its high volatility, which translates to a lower risk-reward ratio for range traders. Conclusion TRX's recent surge has captured the attention of the crypto community. While the future is uncertain, understanding potential scenarios and implementing effective trading strategies can help you navigate this volatile market. Whether you're a long-term investor or a short-term trader, staying informed and adapting to market changes is crucial. Remember, always conduct thorough research before making any investment decisions. Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. 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.
by Phemex
$BTC - Steeper correction if below $93500Hi guys! 👋🏻 🔔 Lacking momentum and liquidity and it's time for correction 🔔 I believe it's too early for $100K and time to get rest before the next run. 🔔 CRYPTOCAP:BTC couldn't get the $100K and with each try the daily close is lower than the previous one, which states that market might not be ready yet for a strong impulse. 🔔 The best scenario for #bitcoin would be to close below $93500 and go for a correction down to $80K, regain momentum and take over the $100K barrier. 🔔 Triangles could be tricky, so watch for a breakout before making any decisions. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDShort
by azizelliott
TRX/USD Major trend. Channel. 17 11 2023Time frame 1 month. The ascending channel. A large triangle is forming in it with a base of about +550% (classic target workout from resistance breakdown). Secondary trend. Time frame is the same as 1 month. Triangle zone. Since the time frame is maximum 1 month, I set the maximum possible targets for the asset. Extremely strong resistance of the cryptocurrency, which from ICO +5500% (despite the conditional redistribution earlier several times) is a meridian channel (highlighted with a dotted line). I emphasize it. To earn consistently, you need to set adequate goals for most of the position. You can keep a small part of the whole position (not necessarily), for maximum "probability zone targets" (percentages are shown for clarity). After all, you can afford it since you will be in profit from the main position. When does the pump on large capitalization cryptocurrencies happen? Pumped when "the hamster is not scared", that is, at the very peak of market marketing. Although it is worth noting that pumped coins with large capitalization very rarely reach the so-called "probability" zones, and if it happens, then for a very short period of time. Pumps come (liquidity, large capitalization, HYIP) often on the last 5 waves of bitcoin pump (overflow of large capital money) in the distribution phase or on the pullback after it. TRX can be pumped under government events like BNB in 2020 ? BNB / USDT. Ascending channel. Cycle. Wedge. Reversal zones. Published 15 10 2020. Pumping +5500% From the average set price (at already +15,000% price values), the pump in the trend has occurred over +4400% to the highs of the distribution zone. BNB key capitulation zone, bottom, overpowering historical highs and super dump (probability zone): 🟣 Reset zone (carnival dump) $6.3$ 🔴 Zone of equalization and price consolidation after the dump 11.18$ 🟡 Zone of local ascending channel breakout (channel in channel) 39$ 🔵 Peak reset zone in the distribution cycle 670$ ❓Do you think it is possible to repeat the BNB HYIP on a notional Chinese blockchain TRX (in a country where supposedly cryptocurrencies are banned at the moment, but mass digitalization is underway) through which billions of dollars are transferred into USDT (cryptocurrency market pump) daily? By the way the charts are conventionally similar in meaning (trend holding on huge profits). Can TRX like BNB at one time make a super Pump on a large % already while holding on to a huge % profit? That is, will TRX cryptocurrency repeat the previous BNB hype given the usefulness of blockchain and the adoption of blockchain by a number of countries "now" and in the future? Action tactics. Super Pump. Risk Management. Quite possibly, but for very large sales targets (hamster) I would allocate probably no more than 5-10% of the total crypto coin position. And still in the market allocation zone I would keep these coins not on wallets, but in stop-loss to protect a very significant profit. To make big money (ta in general to earn at a distance), it is necessary to have an account of every penny and not to play in the casino, but only in the allowable, predictable risk. Pump/dump and super profit of "investors". ICO price It is worth noting that with ICO 2017 price is now about +5500% Price of token (then on ETH-ERC20) ICO: 1 TRX = 0.00000038 BTC ICO was fair, anyone could buy a token, which subsequently in 3 months will grow in value on the pamp method "stick" in 100 times. The capitulation zone (probability no more)). Repetition is the mother of learning. Partial reallocation of large holders (traders and investors) was in 2020 as well as most assets thanks to shaking out -60% in a couple days on 03 2020 from the accumulation zone. Will it happen again or not? Yes/No, you should always be prepared in any trend for such a hypothetical event that could significantly increase your asset holdings and deposit afterwards in the final unanticipated capitulation of the markets (multiple). Secondary trend. Time frame 3 days.
BINANCE:TRXUSDLong
by SpartaBTC
8
DODODODO which makes DeFi liquidity more accessible, uses its own proactive market-maker algorithm to offer better liquidity and price stability instead of automated market makers, which many other DEXs use. Anyway, DODO has been in a downtrend for a while. However, recently the price has broken the downtrend line upward and then retracted to make another minor downtrend line; DODO broke that too and then made a sharp upward wave. It seems DODO is signaling a reversal. Let's see what happens.
BINANCE:DODOUSDLong
by SaeedSalehinia
TradeCityPro | JUP : Prepping for a Breakout👋Welcome to TradeCityPro! In this analysis, I’ll be reviewing the JUP coin. This token is the native token of the Jupiter project, part of the Solana ecosystem, and operates in Solana’s DeFi space. 📅 Daily Timeframe: Breakout from the Box? In the daily timeframe, we see a long-term box pattern ranging from a bottom at $0.6818 to a top at $1.2542, with the price currently at the upper limit of the box. 🧩 A rising trendline is also visible, with the price touching it three times so far, each time being pushed upwards. 📊 Buying volume has been increasing from the bottom of the box, and now, after reaching the resistance at $1.2542, the reducing volume during the correction indicates the strength of the trend. 🔼 If $1.2542 is broken, the next resistance level will be at $1.7463. Upon breaking $1.7463, it is highly likely that a new all-time high (ATH) will be achieved. ✨ The RSI indicator also shows a rising trendline, and as long as the price remains above this line, the momentum is considered bullish. If 63.41 on the RSI is broken, stronger bullish momentum is likely to enter the market. 📉 In a correction scenario, if the price trendline and the RSI trendline are broken, the first target will be $1.0289, and the second will be $0.8625. ⏳ 4-Hour Timeframe: Futures Triggers In this timeframe, we can observe the price action in more detail. 📈 If $1.2542 is broken, the price can move towards $1.4619. This trigger looks highly favorable, and I will personally attempt to open a long position if the price stabilizes above this level. 🔽 For short positions, you can consider entering after the trendline and $1.0441 are broken, although I personally avoid opening short positions in the current market conditions. 🔑 As long as the RSI remains above 50, the likelihood of breaking $1.2542 increases. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
6
Will ROSE Break the 0.85 Support or Continue Its Bullish Move?Hey there, ✌By analyzing the daily chart of BINANCE:ROSEUSDT , we see that the price has had a significant upward movement from the 0.060 level, which led to breaking the supply zone. As shown in the chart, after breaking the supply zone, the price entered a range after reaching 0.090 and has now returned to the breakout level, which has turned from resistance into support. If the price stabilizes above 0.085, I expect it to move towards the target range of 0.10 (descending orderblock zone) and eventually reach the supply zone between 0.11500 and 0.11800. To understand the next movement, we need to observe how the price reacts at these levels. 💡 Keep in mind, this is just my personal perspective and shouldn't be considered as financial advice. I’d love to hear your thoughts and engage in a discussion! Happy trading!✌😎 Feel free to reach out if you have any questions or need more clarification. I'm always here to assist!✌ If you want any further adjustments, just let me know!
Long
by SasanSeifi
Xai/UsdtBINANCE:XAIUSDT ### **Current Price: 0.3773 📊** The current price of **XAi** is **0.3773**. If the price holds steady here, it could potentially rise towards the next resistance levels. --- ### **Resistance Levels 🚧**: These are the price points where XAi may face difficulty rising above. If the price breaks through them, it could continue climbing. - **0.4100** 🚀: The first resistance level. If broken, the price could continue upwards. - **0.4345** ⚡: A stronger resistance point. Breaking this might signal more bullish momentum. - **0.4934** 🌟: A key resistance level that could indicate a major price surge if breached. --- ### **Support Levels ⬇️**: If the price does not hold and starts to decline, it may find support at these levels, where buying interest could stop the price from falling further. - **0.3600** 🛑: The first support level. If the price drops to this point, it might stabilize or bounce back up. - **0.2800** 💡: A more significant support level. A drop here could indicate further weakness. - **0.2500** 🏚️: A crucial support level. If this breaks, further declines could be expected. --- ### **Explanation**: - If **XAi** holds at its current price of **0.3773** 📊, it could target the **resistance levels** (0.4100, 0.4345, 0.4934) 🚀⚡🌟. - However, if the price fails to hold at the current level and starts to drop, it could fall back to the **support levels** (0.3600, 0.2800, 0.2500) 🛑💡🏚️. - If the price breaks through any of the support levels, it may continue to decline, signaling a potential bearish trend 📉. --- ### **Not Financial Advice 🚫💸** This is just an analysis based on current price levels. Always do your own research and stay cautious when trading!
by Wolftrader1337
SasanSeifi| Moving Towards New Targets!Hey there, ✌ As seen in the KUCOIN:UNIUSDT chart, the price has shown a partial rise from the $6 area. After breaking structure around the $8.50 level, it climbed to $10. Currently, after a minor pullback, the price has reacted positively from the FVG zone near $8 and is trading around $9.50. The general outlook leans bullish, and it's expected that the price could see significant growth from the $9 range to targets of $12–$14 in the mid-term. The important support is between $8 and $7.50. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
Tru/UsdtBINANCE:TRUUSDT ### **Current Price: 0.1484 📊** - The **current price** of Tru is **0.1484**. This is where the market is right now. From here, the price could either go up, break through resistance levels, or drop to support levels depending on market movements. --- ### **Resistance Levels 🚧:** Resistance levels are points where the price may face difficulty rising above. If the price breaks through these levels, it might surge higher. - **0.1700** 🚀: The first level of resistance. If the price breaks above this point, there could be a continuation of the upward trend 📈. - **0.2000** ⚡: A stronger resistance level. Breaking this level could indicate a more significant bullish move. It could bring more attention to the asset as it climbs higher. - **0.2434** 🌟: An even higher resistance level. If the price manages to break this point, it could signal a strong momentum shift and lead to a larger rally. Breaking these resistance levels means the price could push higher, but if it fails to maintain above these points, we could see a pullback. --- ### **Support Levels ⬇️:** Support levels are price points where the market tends to find buying interest. If the price falls to these points, buyers might step in, and the price could reverse. - **0.1233** 🛑: The first support level. If the price drops here, it could find some support and might reverse back up 📈. However, if it fails to hold, we may see a further decline. - **0.1000** 💡: A critical support level. If the price reaches this level, it might indicate that the market is struggling to go lower. Buyers might step in, pushing the price back up 🏠. - **0.0800** 🏚️: The lowest support level you mentioned. If the price drops here, it could signify a deeper correction or a strong area where the price might stabilize. However, if this level is broken, further declines are possible ⏬. --- ### **Not Financial Advice 🚫💸** Remember, this analysis is just an observation based on the levels you provided, and the market can be unpredictable. Always do your own research and be cautious when making trading decisions!
Long
by Wolftrader1337
PEPECOIN NEXT 70X MEMECOIN#Pepecoin is one of the most undervalued meme coins, backed by an incredible team and community. It is the first deflationary meme coin with artificial intelligence integrated into its ecosystem. So far, we have burned about 18% of the Pepecoin tokens forever, making it scarcer than #Bitcoin. Additionally, it was the first utility memecoin to facilitate a trading platform for NFTs. Based on on-chain analysis, we see one of the largest market makers accumulating Pepecoin for a potential exchange listing. This development could make it easier for retail investors to buy, which is very promising. It’s an understatement when I say you should buy and hold Pepecoin. Good luck! Follow me for more insights!
UNISWAP:PEPECOINWETH_DDD237.USDLong
by ShinForex1