SasanSeifi| Can It Hit $2.50!? Hey there,By analyzing the daily chart of BINANCE:THETAUSDT , we can see that the price has made a significant move up from its low towards the supply zone. Currently, the price is reacting to the supply zone and we are witnessing a pullback. Based on the overall market conditions, my view remains bullish.
My Expectation:If the price holds the support level at $1.50, it could potentially rise to targets of $2.00, $2.20, and the supply zone around $2.50. If the price continues to rise, we need to observe its reactions to better understand the continuation of the trend. The key support level is $1.50.
💡 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!
Cryptocurrency
TradeCityPro | MANA : Aiming for the Top of the Box👋 Welcome to TradeCity Pro!
In this analysis, I’ll review MANA, the native token of the Decentraland project, one of the most well-known Metaverse initiatives. This coin has seen significant growth in recent weeks.
⏳ Weekly Timeframe: Approaching the Box Ceiling
On the weekly timeframe, we observe a long-term range lasting 826 days. The bottom of this range is at 0.2501, while the top lies at 0.8170. Over the past few weeks, the price has moved from the bottom of the box, breaking above 0.4165, and has now approached the ceiling at 0.8170.
✨ If RSI breaks above the 74.42 resistance level and the price stabilizes above 0.8170, additional bullish momentum could enter the market. In this case, the first target would be 1.1101, followed by 2.1776. Should the price consolidate above these levels without showing signs of weakness, the all-time high (ATH) of 5.0563 may also be achievable.
⏳ Daily Timeframe: Momentum Exhaustion?
On the daily timeframe, we see a parabolic move originating from the bottom of the range and now testing its ceiling.
📈 Currently, after testing the 0.7859 resistance, the price has pulled back to 0.5631. Interestingly, there’s no visible divergence in the RSI, indicating a healthy trend. If RSI re-enters the Overbought zone, the next leg up could commence.
🔽 In a potential correction scenario marked by reduced volume, the price might enter a time correction phase, ranging within the current area. For price correction, the key level to watch is 0.3926.
🚀 Breaking through 0.7859 could initiate a long-term bullish trend toward the ATH.
⏳ 4-Hour Timeframe: Futures Triggers
On the 4-hour chart, more granular details of the previous move are visible. The price has currently retraced to 0.382, aligning with the 0.5631 level. If the correction continues, the 0.5 and 0.618 levels could serve as suitable targets.
🔼 For a long position, breaking above 0.7316 and consolidating above this level would be ideal, potentially initiating a new bullish leg. If RSI enters the Overbought zone, significant momentum could drive the market. Breaking above the 50 level on RSI would also signal the end of bearish momentum and a possible trend reversal.
❌ As for a short position, I prefer not to open one unless a trend reversal is confirmed. Currently, there’s no trigger for shorting, and I recommend avoiding counter-trend trades.
📝 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! ❤️
$ADA to $9 thoughts?I know it’s Cardano and we have lots of long holders here!
So glad for you all getting the returns after long time of down sideways action!
What do you think on this ML script? It’s pretty predictive and the MacD amongst other indicators are showing that Cardano might be one of the TOP preforming Alt coins this run.
Why? Well it’s very well established. It’s also not even far from use by governments like XRP. However Cardano is much more set in stone as for its framework. Yes it can be forked or changed if needed but Cardano is a very stable under utilised cryptocurrency.
I would love to see it at or over $5 let along $9 USD.
Please NOTE: this is not advice nor are any numbers here correct they are projections based on my own trading as that’s what crypto trading is is managing your own funds and portfolio and buying selling swapping when you want on the market not call a broker for it.
Always do your own analysis!
Leave a good comment so we can learn and grow from the info we have in front of us and make gains on the crypto market!
BTC/USD : More Bullish Move Ahead? (READ THE CAPTION)Analyzing the #Bitcoin chart on the weekly timeframe , we observe that over the past week, Bitcoin experienced a correction after its rise to $99,588, pulling back by 8% and reaching $90,700. However, in the last two days, Bitcoin has shown renewed demand and has managed to climb back to the $98,000 level.
The big question now is whether Bitcoin can finally hit the key $100,000 target within the next two days. If this crucial level is broken, we are likely to witness an initial wave of selling pressure, followed by a potential continuation toward higher targets. The next probable levels to watch for are $111,000, $122,000, $129,000, and $139,500 .
This analysis will be updated as price action unfolds. Stay tuned! 🚀
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
PEPE Is Falling, Should You Invest?Lets break down CRYPTO:PEPEUSD on the Daily Chart!
After Robinhood & Coinbase listed CRYPTO:PEPEUSD on their platforms, we see the accumulation of Trading Interest rise which helps push price up, breaking the Highs of May!
Since having created the Higher High @ .000025676, Price has been falling and seems to be creating a familiar Bullish Pattern called a "Falling Wedge", formed by Lower Highs (Falling Resistance) into Lower Lows (Falling Support).
Wedge Patterns are considered Continuation Patterns so given the Uptrend move prior to the formation of the pattern, we can suspect Price to Continue Higher after a Bullish Break of the Falling Resistance!
The Retracement or Pullback to the 50% Fibonacci Level while Price is in the Consolidation State of the Pattern typically suggests the Pullback has ended. The 50% Fibonacci Level or .000016697 sits right in the middle of the Support Zone established by the May Highs.
The Last Low @ .000017309 just missed the May High @ .000017223 and the 50% Fibonacci Level, so with Price still trapped by the Falling Resistance, we could see more Downside for CRYPTO:PEPEUSD before getting the Confirmation of Pattern with the Bullish Break!!
Based off the Extension from the Lower Low @ .000007718 to the Higher High @ 000025676 giving us a .000017958 or 232.68% Increase, we can derive that a .000038 Potential Target with a Valid Bullish Break is possible!
Indicators:
- Price Trading Above 200 EMA
- RSI Above 50
- BBTrend Printing Green Bars
- DSR Aligning with 50% Level
Kadena (KDA)Kadena once became so popular that its price exploded upward. After that, not surprisingly, KDA entered a corrective wave, a long one. It seems the corrective wave have rested at 0.786 Fibonacci level and is consolidating in a rectangle shaped pattern. Also, an A-B-C pattern might unfold; if true and C=A, this means price sharp upward move could be experienced again. Let's see what happens.
NEM (XEM)One of the oldest pioneers of the cryptocurrency industry; NEM. I don't know if the team or the project is dead, or they might start work on it again. There are not much news about the project. However, the coin, NEM, has a beautiful technical analysis and of course if you look at the beginning of the chart the price of NEM skyrocketed. The question is, can it repeat such soaring again? Even half of that would be amazing. Only time can tell. Let's see what happens.
Hooked Protocol (HOOK)Hooked Protocol is a new Web 3.0 crypto project. As is it can be seen from the chart, HOOK been in a downtrend and recently price shown sign of reversal. Clearly, there is a downtrend line, and we have to wait and see if HOOK can break it or not. Let's see what happens.
Dogs/UsdtBINANCE:DOGSUSDT
🚨 **DOGS Price Analysis** 🚨
- **Current Price**: 0.007242
- **Resistance Level**: 0.008200
- **Support Level**: 0.005600
🔑 **Key Points**:
- **Resistance**: The next key resistance for DOGS is around **0.008200**. If the price can break and hold above this level, it may signal further upward momentum.
- **Support**: If the price starts to fall, the next major support level is around **0.005600**. If DOGS holds above this, we could see it bounce back.
💡 **What to Watch**:
- **If the price holds above 0.007242**, it could push towards the resistance at 0.008200.
- **If the price falls below 0.007242**, the support at 0.005600 becomes crucial. A drop below this level could signal a further downtrend.
⚠️ **Not Financial Advice**: Always do your own research and consider the risks before making any trading decisions.
ETHEREUM Is it copying Bitcoin's 2014/17 Cycle towards $50k???Ethereum (ETHUSD) hasn't yet made a new All Time High (ATH), in contrast to Bitcoin (BTCUSD) but that isn't necessarily a negative development as it can highlight its enormous upside potential.
** ETH 2022/25 vs BTC 2014/17 **
A idea that strengthens this notion is today's analysis where you see ETH's current (2022 - 2025) Cycle against BTC's 2014 - 2017. As you can see so far the two Cycle's have been very similar with Ethereum replicating both the Bear Cycle and so far the majority of Bitcoin's past Bull Cycle.
** The Phases **
For more efficient comparison purposes, we have classified the Cycle in phases with the start being the bottom formation (Green Phase) below the 1W MA200 (orange trend-line) and within the 0.236 - 0.0 Fibonacci Zone. That gives way to the 1st rally (Blue Phase) within the 0.5 - 0.236 Fib with the 1W MA50 (blue trend-line) established as the Support. What follows is the 2nd Rally (Orange Phase) within the 0.786 - 0.5 Fib Zone and consolidation.
** October Bullish Cross and $50k?? **
The October 1W MACD Bullish Cross (Oct 2016 for BTC, Oct 2024 for ETH) signals the transition to the final stage (Yellow Phase) of the Bull Cycle, the Parabolic Rally to new ATH. For Bitcoin that peaked near the 2.382 Fibonacci extension. If that seems unrealistic for Ethereum's price today (the 2.382 Fib is just above $50k!!) in terms of market cap (and rightly so) just consider the impact that the ETFs' capital inflows have on the market. It remains to be seen, but nonetheless, ETH has enormous upside from here onwards and we're sure that even a +100% rally from the current price would be welcomed by the majority of the market.
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Phemex Analysis #39: PT Returns 2763% in 1 Year time!Phemex Token (PT) has celebrated its one-year anniversary on November 30th, 2024. Since its inception at $0.06, PT has delivered a remarkable 2763% return, reaching a peak of $1.658. This impressive performance has solidified PT's position as a high-growth token with significant potential.
A Year of Milestones
Throughout the year, PT has consistently broken new all-time highs, demonstrating its resilience and upward momentum. Key milestones include:
$1.34: Reached on July 15th, 2024
$1.45: Reached on September 27th, 2024
$1.658: Reached on November 25th, 2024
How to Capitalize on PT's Potential
To maximize your potential returns on PT, consider the following strategies:
1. Buy the Dip:
Key Support Levels: $1.30 and $1.20
If the price dips to these support levels, it could be a good buying opportunity.
2. Buy the Breakout:
Resistance Level: $1.658
If PT breaks above this resistance level, it could signal further upward momentum.
3. Dollar-Cost Averaging (DCA):
Gradually accumulate PT over time, regardless of short-term price fluctuations. This strategy can help reduce the impact of market volatility.
A Proven Strategy for Long-Term Growth
A powerful strategy to maximize returns on PT involves combining DCA and buying the dip. Here's a practical approach:
Monthly DCA: Invest a fixed amount, say $10,000, when PT's closed price declines by 5% or more in a single day. If not, invest at the end of each month.
Buy the Dip: If PT's price declines by 20% from it's ATH, invest an additional $20,000.
By following this strategy, you can accumulate PT at lower prices, potentially increasing your overall returns.
Conclusion
Phemex Token's impressive performance over the past year has solidified its position as a promising investment. By understanding market trends, implementing effective trading strategies, and maintaining a long-term perspective, investors can capitalize on PT's potential and reap substantial rewards.
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.
BTCUSD targeting 108000 on the next leg up.Bitcoin is trading inside a Channel Up, having just rebounded on the MA100 (4h).
In the last 2 months, it accumulates on the same pattern, a Falling Resistance bottoms on an Arc and when it breaks, a rally delivers a new High.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 108000 (dashed trendline).
Tips:
1. The RSI (4h) gives a very clear buy signal when it breaks 35.00. Currently that shows that we've already bottomed.
Please like, follow and comment!!
Notes:
Past trading plan:
Bitcoin's Elliott Wave and Cylce AnalysisBitcoin's price has surged close to the $100,000 level, fueled by increasing optimism and hype, particularly following Trump’s victory in the US elections. While this milestone has sparked renewed bullish sentiment, it's critical to remember that Bitcoin is now in uptrend for only last four week, but it has been in an moving up since December 2022, marking nearly two years of consistent gains.
So actually, we may now be in the late stages of this bull run.
Keep in mind that when optimism and positive news dominate, like the prospect of Bitcoin being added to US reserves under Trump, it often aligns with the peak of a trend. While this kind of news could potentially drive one last strong upward move (FOMO / Blow-off), it might also signal the end of this cycle.
Historically, extreme optimism is a warning sign, and the Elliott wave analysis supports this view. Bitcoin is currently in its fifth wave, with potential for slightly more upside, possibly extending late into January time projection. Its going to be the 20 or 26 weeks of a recovery from August low.
Smart investors will consider taking some parts of profits now rather than risking missing an exit, especially now when we approach the year end.
The market's shift from "optimism to pessimism", can be swift and surprising. Greed often leads to losses, so prudence is key at this stage.
On another note, we have a Black Friday offer on our Elliott Wave service. It’s a great opportunity to stay aligned with market rhythm and sentiment during this critical period.
If you are celebrating, I wish you a happy Thanksgiving!
Grega
TradeCityPro | LEVERUSDT Analysis Buyer Presence👋 Welcome to the TradeCityPro channel!
Let’s dive into the analysis of another cryptocurrency and review our triggers before the movement begins.
🌍 Bitcoin's Market Overview
Yesterday, we mentioned that a long position could be opened after breaking 94931, especially if Bitcoin's dominance was declining, favoring altcoins.
After a pullback to 94931, the price is now approaching 96610, where breaking this level could provide another long position opportunity. If Bitcoin's dominance continues to fall, altcoins like LEVERUSDT could see further upward momentum.
📊 Weekly Timeframe
LEVERUSDT is consolidating in a long-term range between 0.001123 and 0.003877, with a narrower short-term range between 0.001588 and 0.002317.
Following rejection from the top of the range, the price didn't drop to the bottom of the box, finding support earlier. This indicates buying strength.
breakout above 0.002317 could signal a risky buying opportunity with stop-loss levels at 0.001588 or 0.001123 for a medium-term hold.
📈 Daily Timeframe
The price has been ranging between 0.001518 and 0.002405, repeatedly testing the upper resistance.
The daily red candles rejecting resistance highlight its importance. A sharp breakout above this level could trigger a significant move.
After breaking this resistance, buyers can enter. If missed, confirmation through RSI breaking 70.13 and rising volume could provide additional confidence.
⏱ 4-Hour Timeframe
The price has shown strong movement toward the range's upper resistance, suggesting this coin might present trading opportunities this week.
For long positions, wait for a breakout above 0.002405, coupled with RSI entering overbought territory and breaking 70.13 for confirmation.
Avoid looking for short positions as the trend appears bullish. Instead, focus on potential entries at lower levels.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
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! ❤️
TradeCityPro | LINK : Volume Surge and Key Levels 👋 Welcome to TradeCityPro!
In this analysis, I will review LINK. This coin operates in the DeFi space, aiming to facilitate cross-chain functionality in the crypto ecosystem.
⏳ Weekly Timeframe: Higher Low After Box Breakout
In the weekly timeframe, after breaking the 9.81 resistance, LINK experienced a notable price increase, climbing to 21.6 before entering a correction phase.
🧲 The first correction phase retraced to the 0.382 Fibonacci level. Subsequently, after breaking this level and the 12.21 support, the correction extended to the 0.618 Fibonacci level, which coincided with the 9.81 support and the SMA99, creating a PRZ (Potential Reversal Zone) that halted the price decline.
⚡️ Currently, following increased volume and a break above the 57.72 level in the RSI, as well as the 12.21 resistance, the next bullish leg has begun. The primary target for this move is the critical 21.6 resistance, which marked the end of the first bullish leg. Whether this level can be breached remains to be seen.
🔼 If the resistance is broken and the uptrend continues, the long-term targets are 33.93 and 52.13. In case of a market downturn, key supports are 12.21 and 9.81. Should these supports break, the final stronghold will be at 5.55. A breach of the 37.49 RSI support could introduce intense bearish momentum.
⏳ Daily Timeframe: Noticeable Volume Increase
In the daily timeframe, there was a ranging box between 9.53 and 12.36, which broke to the upside, initiating an uptrend. The standout feature here is the sharp increase in candle volume post-breakout, which continues to rise steadily.
📊 If the volume continues to grow, the price could easily break the 18.73 resistance and test the main ceiling at 21.6. However, if the volume starts to decline, given the divergence and significant distance from the SMA99, the price may begin to correct or consolidate. In this scenario, the key correction supports are 15.33 and 12.36.
🧩 If the RSI breaches the 53.8 support, divergence will be activated, erasing the market’s bullish momentum. Conversely, breaking the 73.38 RSI level could signal a price surge, potentially breaking the 21.6 level.
⏳ 4-Hour Timeframe: Futures Triggers
In the 4-hour timeframe, we see a steep ascending trendline. The price briefly faked out below this trendline but resumed its upward movement.
✨ In the latest leg of the uptrend, after breaking the 15.33 resistance, volume has started to decline, signaling potential exhaustion. Additionally, there is a strong divergence in the RSI. The divergence trigger lies at 44.67, and if activated, the bullish momentum will dissipate.
🔽 Breaking the trendline, the 16.47 level serves as the first short trigger. However, personally, I avoid opening positions based on this trigger since it goes against the primary trend. Instead, I wait for a confirmed trend reversal using Dow Theory principles.
✅ In case of a decline, the next support levels and targets are 15.33 and 12.36.
📈 For long positions, the 18.73 resistance offers an excellent trigger. The first target for this move is 21.6.
📝 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! ❤️
$BTC 1 Hour again Update Possible ATH what if 99k was shoulder??Imagine that (I’m don’t make predictions for you to use on the market and it’s not advisable) the market we see on CRYPTOCAP:BTC and the 99.8k pump was just the shoulder of this bigger picture?
This could be exactly what the bulls are waiting on but maybe it’s not also. What do you think??
Please add some comments that are constructive so we can all work together to make more gains!
BITCOIN Happy Thanksgiving with history on Bulls' side!!Happy Thanksgiving to everyone! As every year, we pay our tribute on this day with a historic run of Bitcoin (BTCUSD) on Thanksgiving days! Last year (see chart below) we made a $80000 call for today and we couldn't be happier that the market surpassed that:
This year we bring you a (much) simpler fact and that's the number of bearish signals on that day. Bitcoin has lived through 14 Thanksgiving days (excluding of course today) and only 3 have resulted in immediate bearish activity (2021, 2014 and 2013). Even the November 23 2017 Thanksgiving that was near the Cycle top, gave another 3 years of +150% gains before peaking.
You can see the previous Thanksgivings by scrolling left through the chart but it is obvious that due to BTC's cyclical behavior, the vast majority of Thanksgiving is an excellent time to invest. And today is no different as we still have almost another full year of Bull Cycle ahead of us (even more so its most aggressive part!).
Whatever trading actions you decide to make today, we wish you a blessed Thanksgiving!
So do you think this is a buy opportunity as history suggests? Feel free to let us know in the comments section below!
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ETHBTC Bottoming - Maybe? Hitting a few possible resistance points here, could ETH be finally bottoming against BTC? Only time will tell.
Some good capitulation but not heaps of volume.
Bullish divergence on RSI which is good.
But it could go lower, lets hope not but you can see the next support right there down lower
ENSUSD approaching the top of 1-year Channel Up. Make or break?Ethereum Name Service (ENDUSD) has been trading within a Channel Up since January 2024 and the recent post U.S. elections surge is about to hit its top (Higher Highs trend-line). This is a standard break-or-rejection strategy: As long as the 1D candles close within the Channel Up, we are expecting the 1D MA200 (orange trend-line) and 0.5 Fibonacci retracement level to get tested (23.850). In the event of a 1D candle closing above the pattern, we will have a bullish break-out targeting the All Time High at 84.860.
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Too many patterns to suggestMorning folks,
Surprisingly, but BTC has not come to 102K target directly. Despite a lot of panic headlines in media about 8+% drop - nothing awful has happened. Very small retracement and inside week.
In some way 102K target will be reached, no doubts. But right now it is impossible to say in what particular way this will happen. As there are too many patterns that we could suggest. Here, on the chart we already have three of them. On daily chart it might be another two.
Keeping it simple, the concern is about how BTC will go higher - either right now or after deeper retracement.
Since today a Holiday and we will have a weekend soon, we think it would be better do not hurry up and postpone everything until Monday. There might be some clarity.