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BTCUSD: Is 300k a realistic target?Despite the weekly correction, Bitcoin remains bullish on its 1D technical outlook (RSI = 66.961, MACD = 5631.400< ADX = 43.561) and even overbought on the 1W timeframe (RSI = 74.750). That is because the market has started the final parabolic rally, the cycle's most aggressive phase, supported by the 1W MA50. It can stay overbought until the top, the end of the cycle. Based on the 1W CCI, we may be in a 3 week consolidation stage before the rally resumes. According to the previous Cycle, this happened a little over the 0.5 Fibonacci level. Taking a +1,895.45% rise from the bottom, we can see that the exact same position is applied on the current Cycle and stage. Does this mean that we can see $300,000 as this Cycle's top? Technically yes but it goes against Bitcoin's Theory of Diminishing Returns. Of course, this Cycle is different as we are already over the previous Cycle's ATH, while in November 2020 we were exactly on it. This is due to the launch of the Bitcoin ETF, which has accelerated its growth, so maybe the capital inflows will extend this Cycle beyond what should have been based on the diminishing returns. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
3
SHIBUSD: Expecting a massive pump soon.Shiba Inu just turned bullish on its 1D technical outlook (RSI = 59.750, MACD = 0.000, ADX = 25.625) but practically remains ranged inside a Bull Flag. As long as the 1D MA200 supports though, the trend will be bullish, coming off the HL Zone and a 1D Golden Cross. The Golden Cross before that (December 1st 2023) led to a similar Bull Flag, which after testing and holding the 1D MA200, it broke upwards aggressively to a +575% rise. We expect a similar outcome (TP = 0.000073). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:SHIBUSDLong
by InvestingScope
2
Tru/UsdtBINANCE:TRUUSDT ### ** NYSE:TRU Update 🚨** ** NYSE:TRU ** has **broken out** of its **main falling wedge pattern** after consolidating for the past few months! 📉➡️📈 This is a major technical signal indicating potential for significant upward movement in the near future. 🔥 --- ### **What's Happening?** - **Falling Wedge**: The falling wedge pattern is typically a **bullish continuation pattern**, where the price gradually narrows between two converging trendlines. A breakout from this pattern often signals the start of an uptrend. - **Consolidation**: Over the past few months, NYSE:TRU has been in a period of consolidation, meaning it was trading in a relatively tight range with no strong direction. Now that it has **broken** out of this pattern, the potential for **strong price movement** is on the table. --- ### **Potential Gains 💰** - After breaking the wedge, there’s potential for **100%+ gains** if the bullish momentum continues. 🚀 - **First Target**: The immediate goal is to watch for the price to maintain its breakout level and potentially target **previous highs** or resistance areas from before the consolidation. - **Long-Term Potential**: A sustained breakout could push NYSE:TRU even higher, depending on the market's response and broader trends. --- ### **Why This Matters:** - **Bullish Breakout**: Breaking a falling wedge is often a sign that the asset is gearing up for strong upside movement. Investors who catch the breakout early could benefit from substantial returns. - **Volume Confirmation**: Watch for **increased volume** accompanying the breakout. A strong breakout with high volume is usually more reliable than one with low volume, which might indicate a false breakout. --- ### **Next Steps 🔍:** - Keep an eye on ** NYSE:TRU ’s price action** over the next few days. If the breakout holds, we could see rapid price increases as more buyers come in. - Be mindful of possible **retests** of the breakout level (a pullback to the breakout zone), as this can provide a better entry for traders. --- **Reminder**: Always do your own research (DYOR) and keep track of broader market conditions. 📚📊 (Not financial advice, just sharing the technical analysis! 😉)
by Wolftrader1337
2
Altcoin Screener | DOGE Pi Cycle High and Low v2CRYPTO:DOGEUSD has been getting a lot of buzz recently and many attribute this to the Elon effect but I say that all of this can be found in the charts and is no surprise. I have several charts to share on Dogecoin's cyclical nature and why even after this recent rally, it's still not too late to buy. I developed this DOGE cycle top and bottom indicator that I call DOGE Pi Cycle High and Low v2 as it's a modified version of a popular indicator for Bitcoin in identifying its cycle top. When the green moving average crosses under the red moving average, this marks the Doge cycle bottom. When the yellow moving average crosses under the white moving average, this marks the first Doge cycle high. The low for this cycle was already marked and we still have yet to see a pi cycle high trigger. Although DOGE has had a recent rally, I think there is still plenty of room to run here so you could add to a long position and wait for this Pi Cycle High trigger as a short term trade. If you are interested in holding for longer for more potential gains, I have another indicator to share which is based on positive MACD, Bitcoin breaking above ATH and two tops. The first top triggers after Bitcoin breaks above its ATH and we have 12 consecutive weeks of positive MACD which is showing potentially will trigger by end of December 2024. Then there is a second and final top that forms later after a correction and when positive MACD returns for at least 2 consecutive weeks and lasts for 5-6 weeks. And then finally we have another top indicator based on 2 Week RSI when it peaks between 89 and 97. This also forms two major tops so as a short term trade, you could sell on that first RSI peak or wait longer for the second peak.
CRYPTO:DOGEUSDLong
by altcoin_screener
1
Fantom (FTM)Fantom needs no introduction, a popular project which maintained its usefulness as well as high trading volume. After FTM price skyrocketed, a corrective wave started which seems ended at 0.382 Fibonacci retracement. The 0.382 area is a strong and important one since it was able to supported price several times; if this area breaks downward, for any reasons, the grey line below can come to rescue. Anyway, it seems an upward impulse wave has started and currently price consolidating in a triangle shaped pattern. If price breaks this consolidation area upward it means continuation for the impulse wave. Let's see what happens.
FLong
by SaeedSalehinia
TradeCityPro | RENDERUSDT Analysis Continued Uptrend?👋 Welcome to the TradeCityPro channel! Let’s analyze RENDER, a popular crypto project in the graphics card and infrastructure domain, which also operates as a Layer 2 solution. 🌍 Bitcoin's Market Overview As always, before diving into RENDER, we take a quick look at Bitcoin. According to prior analyses, the recent red candles are purely corrective and indicate no major trend reversal. Corrections are healthy for any uptrend. Bitcoin is showing renewed green candles, with a 4% rise today. After breaking 94,859, you can open long positions. However, due to the decreasing Bitcoin dominance (BTC.D), this level can also be considered a confirmation for entering altcoins. A further wave of uptrend seems possible. 📊 Weekly Timeframe RENDER is one of the most bullish altcoins, similar to SOL, SUI, and OM. It has experienced less decline compared to other altcoins, largely due to the hype around Layer 2 and NVIDIA, which boosted this coin before the bull run. After its upward move and correction from 13.009, it hit the support at 4.405 and formed a green candle that engulfed the prior two candles. This alone serves as a bullish trigger in an uptrend. Currently, it has reached the key resistance level of 7.914. If this resistance is broken, given the bullish structure in higher time frames and the formation of higher lows, the coin can continue its upward movement. A buy position with a stop loss at the 4.405 level is reasonable. RSI entering the overbought zone can confirm the bullish trend further. If missed, a trigger at 13.009 remains valid. 📈 Daily Timeframe The primary resistance at 6.999 was broken, but no significant movement occurred afterward. For now, we consider 8.023 as a key trigger level. After its breakout, the price can aim for targets at 9.765 and 11.240. Additionally, the main resistance level of 13.009 in the higher time frame is adjusted to 11.240 as the broader market has shown more logical reactions to this level. RSI displays notable divergence, but during a bull run, it is often disregarded. Personally, I prefer taking positions with a stop loss rather than missing the potential movement. ⏱ 4-Hour Timeframe After breaking 5.198, the coin experienced a solid uptrend. I opened a long position, and if the resistance at 8.094 is broken, I plan to move my stop loss to 6.532. Currently, the price is ranging between 7.18 and 8.09. 📈 Long Position Trigger: Upon breaking 8.094, I will open another long position and follow the potential continuation. If the price approaches the resistance with strong momentum, I may also set a stop-buy order with a larger stop loss at 7.18. 📉 Short Position Trigger: For now, no short setups are considered during the bullish trend. If 6.532 is broken, I might only close my long position. 💡 BTC Pair Insight Compared to Bitcoin, RENDER remains bullish, bouncing strongly from support levels. Breaking its descending trendline reinforces the continuation of its uptrend. For those needing a trigger, breaking 0.00010090 on its BTC pair confirms further moves, even though by then, its USDT pair may have already pumped 50%. The key movements often come after the trigger. 📝 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! ❤️
Long
by tradecitypro
4
SOLANA Is this correction a buy opportunity??Solana (SOLUSD) is on a 5-day pull-back, along with the majority of the crypto market. It is still above both the 1D MA50 (blue trend-line) as well as the 1D MA200 (orange trend-line) coming strong off a 1D Golden Cross. Is this correction, however, a buy opportunity? Well the last time SOL formed a Golden Cross on the 1D time-frame was exactly 1 year ago (October 22 2023), after coming out of a similar (blue) Channel Down and that initiated the massive October 2023 - March 2024 rally. That rally hit all Fibonacci extensions of the Channel Down successively (2.0, 3.0, 4.0) and consolidated on all of them. Even the 1D RSI sequences between those fractals are similar. As a result, we expect Solana to hit $315 (Target 1), $515 (Target 2) and $830 (Target 3) within a 4 month horizon. ------------------------------------------------------------------------------- ** 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:SOLUSDLong
by TradingShot
5
TradeCityPro | NFP : Key Resistance and Breakout Triggers👋 Welcome to TradeCityPro! In this analysis, I will review the NFP chart, which, based on a breakout strategy, could offer a good entry point for spot buying and futures trading. Since this coin’s chart has recently become available, I will skip the weekly timeframe analysis and focus on the daily and 4-hour timeframes. 📅 Daily Timeframe: A Critical Resistance Zone In this timeframe, alongside Bitcoin's rally toward 99,000 and the establishment of a new ATH, NFP also experienced an upward move. It began its rise from the 0.1803 support level, testing it once before successfully breaking the 0.2599 resistance on the second attempt. Currently, it has reached a significant resistance zone between 0.3050 and 0.34. 🔍 Within the range of 0.1803 to 0.3050, there’s a rounding formation visible, which I’ve marked with a curved trendline. Over time, this curved trendline has reduced the bearish momentum in the market. Even after the initial breakdown of the 0.1803 support, this trendline provided support, pulling the price back above the level in the subsequent candle and invalidating the breakdown. Afterward, strong buying volume entered the market, driving the price toward the 0.3050 resistance. 📊 Currently, the decreasing volume during the pullback suggests a healthy trend. However, we must consider the importance of the resistance zone, as it’s the most critical area for this coin at the moment. ✅ If strong buying volume enters, the price could break through this zone and target higher levels. The next target would be 0.3990. If the RSI enters the overbought zone, we could expect higher targets like 0.5874, and the ultimate target would be the ATH at 1.1522. ⏳ 4-Hour Timeframe: Futures Triggers In this timeframe, I’ve marked the resistance zone with multiple lines to make it easier to identify potential futures trading triggers. 🔼 Currently, the trend appears bullish, and I prefer to open long positions. A breakout above 0.3061 would be a suitable trigger for a long position. However, the issue is that, despite recent price increases, the volume has been decreasing, which isn’t a positive sign for the continuation of the trend. 📈 If 0.3061 resistance is broken, the next trigger would be 0.3495. This trigger is more reliable than 0.3061 because the latter would lead into a resistance zone, whereas breaking 0.3495 would exit this zone, allowing for smoother price increases. 🔽 On the downside, if the 0.2595 level is broken, the price will likely enter a corrective phase, potentially dropping to 0.2167. The critical RSI support to maintain bullish momentum is 44.01. 📝 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! ❤️
Long
by tradecitypro
4
Phemex Analysis #38: How to Capitalize on ETH's Bull Run!As Bitcoin's recent price surge has begun to falter, with negative inflows into Bitcoin ETFs over the past two days, a shift in investor sentiment towards Ethereum has emerged. Positive inflows into Ethereum ETFs suggest that smart money is increasingly turning its attention to the world's second-largest cryptocurrency. This phenomenon aligns with historical trends where Ethereum often follows Bitcoin's lead during bull markets. How to Enter the Ethereum Market For those who believe in Ethereum's long-term potential, here are a few strategies to consider: 1. Buy the Dip: Initial Support: $3255 Strong Support: $3030 If the price dips to these support levels, it could present a good opportunity to buy ETH at discounted price. 2. Buy the Breakout: Resistance Level: $3550. If Ethereum breaks above this resistance level, it could signal a significant upward move. 3. Dollar-Cost Averaging: A more conservative approach involves buying Ethereum gradually over time, regardless of short-term price fluctuations. Maximizing Your Ethereum Holdings For those already holding Ethereum, consider these strategies to potentially amplify your returns: 1. Long Position on ETH/BTC: By utilize ETH as margin & going Long on ETH/BTC, you can leverage Ethereum's potential to outperform Bitcoin. This strategy allows you to profit from both the absolute price increase of Ethereum and its relative strength against Bitcoin. 2. Grid Trading: Likewise, by using ETH as margin & utilize Phemex's Grid Trading bot. You can capitalize on small price fluctuations and generate consistent profits, through automatically buying low and selling high, even in sideways markets. Conclusion As Ethereum continues to demonstrate its strength and potential, it presents a compelling investment opportunity. By carefully analyzing market trends, understanding key support & resistance levels, and implementing effective trading strategies & advance tools, investors can position themselves to capitalize on Ethereum's bullish momentum. 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.
Long
by Phemex
Cronos (CRO)📊 Overview of Analysis The cryptocurrency CRO, recognized as one of the high-potential assets in the crypto market, entered a downward trend and moved into a descending channel following a significant drop. After testing the weekly support level, the price shifted into a new descending channel with a gentler slope. 🕰 Daily Timeframe Analysis 🔸 Current Status: After breaking through the descending channel's resistance and the weekly resistance, the price is undergoing a pullback toward the broken channel. 🔸 Price Targets (Fibonacci Levels): First Target: Level 1.618, already achieved. Next Target: Level 2.618, if the price consolidates above the green zone. Long-Term Target: Potential movement to the Over-Extended level if the RSI's orange zone resistance is broken. 📈 RSI Indicator Analysis 🔹 The RSI suggests that a breakout above the orange level could act as a trigger for further upward momentum, pushing the price toward higher targets. 💡 Conclusion The upward trend remains strong, contingent upon stabilization above key levels. Risk management is crucial, especially with possible pullbacks toward lower levels. 💬 Note: Always combine technical analysis with thorough research before making investment decisions.
Long
by alizeynali69
Measurable Data (MDT)MDT is a decentralized data exchange economy built on the Ethereum Blockchain. mdt token is a standard ERC 20 token and facilitates the economy of the MDT ecosystem, It denominates the value of big data and serves as mechanism for utility in the ecosystem. recently Chain announced the acquisition of the MeasurableData platform in a deal worth over $100 million in a month MDT price moved from 0.025 to 0.036 and today we had 80 million volume short tg 0.039 , 0.043 , 0.051
Long
by moonypto
17
VELAS IS IN THE PROGRESS - TO THE TOP, WHERE IT BELONGSDescending Triangle Pattern: A bearish continuation pattern is forming, typically indicating potential further downside if it breaks below the horizontal support. However, a breakout above the descending resistance could invalidate this pattern and indicate bullish momentum. Support and Resistance Levels: Support Levels: $0.0075: A critical support zone. A break below this level could lead to significant downward momentum. $0.0052: The next potential target for bearish continuation. Resistance Levels: $0.0165: Key resistance from the descending triangle trendline. $0.0202 and $0.0251: Potential targets for a bullish breakout. $0.0338: A major long-term resistance level. Indicators: RSI (Relative Strength Index): RSI is hovering near 44, showing a neutral to slightly bearish sentiment. A move below 30 would indicate oversold conditions, while crossing above 50 could signal bullish momentum. Stochastic Oscillator: Currently near oversold territory (15.97), suggesting the potential for a bullish reversal in the short term. VMACD (Visual MACD): Divergences observed on the chart indicate a potential bullish reversal. Pay attention to the crossover points. Market Sentiment: The ongoing consolidation within the triangle suggests indecision in the market. A clear breakout or breakdown will dictate the next directional move. Trading Plan Entry Strategy: IMMEDIATELY Exit Strategy: When you feel good about it :)
CRYPTO:VLXUSDLong
by elfabiiani
BITCOIN rejected on the 1st real Resistance of the Bull Cycle.Yesterday's brutal Bitcoin (BTCUSD) rejection caught the majority of the market off guard. There are a few fundamental reasons, there is the exhaustion of the post-election euphoria, there is the psychological weight of the $100000 barrier. However there is one major technical reason that has gone under the radar and we'll explain it to you below. ** The Fibonacci Channel and the 0.236 Fib ** As you can see on this chart, the underlying pattern has been a Fibonacci Channel going through the last 3 Cycles (including the current one). The pattern started with a strong rebound on its bottom (green circle) that formed the December 2013 Top. That Cycle Top was on the 0.236 Fibonacci level of the Cycle and that is a level that rejected rallies during Bull Cycles on June 24 2019 and May 11 2024. ** The '1st Real Resistance of the Bull Cycle' ** That is the Fib trend-line that (more recently) rejected the uptrend on November 22. We can call this the '1st Real Resistance of the Bull Cycle' as this is the first major rejection level that a Bull Cycle faces before the eventual Top. That high during the last 2 Cycles has been on the 0.0 Fibonacci level, technically the top of the Channel (red circles). The red spot on the current Cycle in late 2025 doesn't represent a projection but is an illustration for comparison purposes. ** Top timing and the 1W MA50 ** On a side-note, it is interesting to observe that the duration of each of the past Bull Cycles has been roughly 150 weeks (1050 days) so a repeat of this pattern would give us a High towards the end of September/ early October. It is much better to try to time the High and sell that put an actual price tag on it. Equally interesting is the fact that even though BTC is on a technical rejection, the current rally started on the August 05 2024 Low, exactly on the 1W MA50 (blue trend-line). Technically, as long as this trend-line holds, the cyclical bullish wave should stay intact. But what do you think? Do you think the 0.236 Fib i.e. the '1st Real Resistance of the Bull Cycle' will extend the correction? 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
34
TradeCityPro | CELOUSDT Suitable Trading Opportunity👋 Welcome to the TradeCityPro channel! Let’s analyze CELOUSDT, a cryptocurrency that appears to present opportunities in both spot and futures markets this week. 🌍 Market Overview Before diving into CELO, let’s take a look at Bitcoin during the London session. BTC continues to print red candles, with its dominance (BTC.D) ranging. This scenario leads to a balanced market correction, where individual coins behave independently based on their BTC pair performance. 📊 Weekly Timeframe CELO has been ranging within a weekly box for approximately 830 days, with no significant breakout. While buying at the box's bottom might have yielded 100% gains, holding positions for extended periods in a risky market like crypto can lead to "capital dormancy," causing stress. Hence, trigger-based trading is preferred. This time, CELO has printed a higher low within the box, hinting at a potential breakout. Breakout above 0.8412 with a stop loss at 0.4083 for a mid-term buy. If missed, another entry above 1.2530 with confirmation from RSI moving into overbuy territory (76.06) ensures a more secure position. 📈 Daily Timeframe CELO is currently testing the box resistance but shows stronger buyer momentum this time. Last rejection from 0.8683 led to a correction down to 0.5318, but buyers established a higher low compared to 0.3998, indicating a shift in momentum. Daily RSI needs to break 74.22 to confirm a sharp move upward , Upon confirmation, price could rally to 1.0503. ⏱ 4-Hour Timeframe CELO has formed a parabolic movement, with consistent support at the curve line during pullbacks. Despite some weakening momentum, as long as the price holds above the curve, there’s potential for further upside. 📈 Long Position Trigger: Breakout above 0.8683 to initiate a long position. As long as the price remains above 0.7352, higher lows per Dow Theory suggest strength. 💡 BTC Pair Insight CELOBTC is bearish but shows signs of weakening bearish momentum, which might lead to a trend reversal or a new bullish phase. Coins with similar BTC pair setups last week either didn’t move or experienced significant pumps after their triggers. 📝 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! ❤️
Long
by tradecitypro
2