Axie Infinity (AXS)Axie Infinity is a blockchain-based trading and battling game in which you can collect, breed, raise, battle, and trade NFT token-based creatures known as Axies. Anyway, after the super upward wave of AXS finished, it entered into a correction, a long one. Now, it seems AXS is trying to break the downtrend line. If successful, the next impulse wave might have begun.
Cryptocurrency
XLM/USDT Secondary trend. 14 01 2024Logarithm. Time frame 3 days. Local trend.
After breaking (breaking) the resistance of the descending wedge (trend), a sidewall is formed (accumulation zone with 3 local zones).
On the linear this “sawing” looks like this.
Local trading situation (reversal zone now).
To understand this zone more clearly, see the old ideas that are relevant now - the primary and secondary trends (links to the ideas below).
Primary trend (publication March 2022)
XLM/USD Primary Trend. Time frame 1 week. Squeeze channel
Secondary Trend (publication 06 2022) Without a link in a search engine, the site is not searchable because the publication is not public previously.
XLM/USDT Secondary Trend. Wedge
TradeCityPro | LDOUSDT The Layer 2 Leader with Highest TVL👋 Welcome to the TradeCityPro channel!
Let's explore LDO, the altcoin with the highest Total Value Locked (TVL) on Ethereum, and analyze potential triggers for spot and futures trades.
🌐 Market Overview
Bitcoin experienced a pullback during the New York session, accompanied by a rise in BTC dominance. This led to a deeper correction in altcoins, but the overall trend remains bullish.
📊 Weekly Timeframe
LDO, a relatively new altcoin, hasn’t experienced a full crypto bull run yet. Its ATH of $4.053 was fueled by the Layer 2 hype. Since then, it broke its weekly uptrend and dropped to $0.924.
LDO has been consolidating in a range between $0.924 and $1.339, forming an accumulation zone.
This week’s candle is attempting to break both the upper range and a descending trendline. A close above $1.339 could trigger a rally, with a stop-loss at $0.924.
📈 Daily Timeframe
After 110 days in the accumulation zone, LDO is breaking out above $1.345. Buyers are showing strength, as the price didn’t revisit the range’s lower boundary after the last rejection.
Likely to enter overbought rsi territory if the breakout sustains, signaling continuation of the uptrend.
For risk-takers, a stop-loss at $1.115 can be set for entries based on the daily timeframe.
⏱ 4-Hour Timeframe
The price is battling strong resistance at $1.408. Despite minor rejections, buyers remain dominant, with the price rebounding from the trendline support.
📈 Long Position Trigger:
Open a long position after a breakout above $1.408, confirmed by increased volume and RSI entering overbought levels.
📉 Short Position Trigger:
Even if short triggers appear, it's better to wait for pullbacks for long entries as the bullish momentum builds.
💡 BTC Pair Insight
Like most altcoins, LDO has been underperforming against Bitcoin. However, it’s attempting a recovery, starting from lower timeframes.
breakout above 0.0002083 BTC could signal a stronger rally against Bitcoin. However, current funds seem concentrated in other altcoins, so its pace might be slower for now.
LDO holds the largest stake in Ethereum, giving it potential to self-support in the short term :)
📝 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! ❤️
Cream/UsdtBINANCE:CREAMUSDT
**🔴 Current Price:** $17.21
At the moment, the price of C.R.E.A.M. is sitting at $17.21. This could be a key price point to monitor for potential movements. If it doesn't see a strong uptick soon, there's concern that the coin could face delisting, especially if it continues to struggle at these levels.
**⚡ Support Levels:** $16.50 / $15.50
The immediate support levels to keep an eye on are around $16.50 and $15.50. If the price falls below these levels, the outlook could become more bearish, with the risk of further declines and potentially being delisted. These support levels act as the "floor" for the price, and if they hold, it could provide a base for a rebound.
**🚀 Resistance Levels:** $19.50 / $22.43 / $25
On the upside, the coin faces resistance at several key levels: $19.50, $22.43, and $25. If the price manages to break through these resistance points, it could trigger more buying pressure, leading to a potential rally. Volume and buying interest will be crucial to pushing the price past these resistance levels. If the coin breaks above $19.50, it could target the next levels at $22.43 and then $25.
**📉 Bearish Scenario:**
If the price fails to hold above the support levels and continues to decline, there’s a risk that it could be delisted, especially if volume and interest drop significantly. Delisting typically happens when a project fails to maintain a certain level of activity or relevance in the market, so keeping an eye on these price levels is important for risk management.
**📈 Bullish Scenario:**
For the bullish case, if the price can hold above the support levels and attract more volume and money flow into the market, there’s potential for a strong upward movement. In this scenario, if the price reaches $19.50 and breaks through, the next resistance levels at $22.43 and $25 could be tested. Positive market sentiment and increased buying volume will be key factors for pushing the price higher.
**💡 Not Financial Advice!**
This analysis is for informational purposes only. Please remember to do your own research and make informed decisions based on your risk tolerance. Cryptocurrency markets are volatile, and prices can change quickly. Always use caution when investing.
**📊 Volume & Money Flow:** Critical for Movement
For any significant price move to happen, volume and money flow are essential. Without strong buying interest (volume) and capital coming into the market, price levels can struggle to hold or break through key resistance. Pay attention to volume indicators and overall market sentiment to gauge potential for upward momentum.
TradeCityPro | TON : From Correction to Potential New Highs👋 Welcome to TradeCityPro!
In this analysis, I will review TON. This coin is associated with Telegram and has seen significant growth after the viral spread of DAPPs on this network, reaching a high of $8.288 and registering a new ATH.
📅 Weekly Timeframe: Volume Entering During Correction
In the weekly timeframe, after hitting the $8.024 resistance, the market entered a correction phase. It has now retraced to the 0.382 Fibonacci level. After reaching the $4.743 support, new buying volume entered the market, pushing RSI above the 50 zone.
📊 If the buying volume continues to increase, bullish momentum will return to the market. With a breakout above $8.024, the price could experience substantial growth. The Fibonacci targets after this breakout are $13.966 and $18.719. However, these levels are not guaranteed targets or the final points of the rally. They are used to confirm trend changes.
📅 Daily Timeframe: Trendline Breakout and First Bullish Wave
In the daily timeframe, we can see the details of the coin’s correction phase. As shown, a descending trendline formed during the correction. After breaking this trendline and surpassing the $5.499 trigger, the price surged and is now heading toward the $6.922 resistance.
🚀 If you entered after the trendline breakout, I recommend not rushing to sell unless the market shows a trend reversal. However, if you are holding a futures position, you’ve likely already made a good profit. It would be wise to secure some of your gains at this point.
🔽 For now, the next resistance in case of an uptrend is $6.922. If the RSI closes above the 70 zone and more buying volume enters the market, we could see another significant rally, similar to yesterday’s movement.
🛒 For spot entries, the $5.499 trigger has already been broken. Future entry levels include breakouts above $6.922 and $8.165.
📅 4-Hour Timeframe: Futures Triggers
Let’s move to the 4-hour timeframe and identify futures triggers. In this timeframe, there is resistance at the $6.422 zone, which recently caused a major rejection. This indicates that the level is very significant and strong.
🔼 If the price tests this zone again, we can consider opening a long position if it breaks. The targets for this move would be $7.008 and $8.165.
📉 If the correction continues, the first support is at $5.619. Additionally, the RSI reaching the 50 level is also a critical point to watch.
👑 TON/BTC Analysis
In the 4-hour timeframe, the TON/BTC pair currently has a bearish nature. It has recently crossed above the SMA99 and is now in a pullback phase. The $0.00006512 trigger would be a solid level if it coincides with the $6.422 zone. If this resistance is broken, the primary target will be $0.00007110.
✨ If the decline continues, the only supports are at $0.00005733 and $0.00005488.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Sand/UsdtBINANCE:SANDUSDT
🚀 **$LUNA/USDT - Current Price: $0.6160** 🚀
**Resistance Zone**:
- Right now, LUNA is at **$0.6160**, which is a key **resistance zone**. If it holds, the next targets could be **$0.7234** and **$0.800**. 📈
**If Price Doesn't Hold**:
- If the price drops, look for support at **$0.4550**, **$0.3556**, or **$0.3003**. 📉
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⚠️ **Not financial advice!** Always manage your own risk and do your research! 📊💡
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Hope this helps!
RENUSD I picked recently. Up 10% today. Now breaking out. 5cents
RENUSD Crypto, up and coming, incredible momentum and bullish price movement on high volume. Take a look at the bullish daily chart, structure strong with double bottom holding easily, checkout the uptick in volume recently.
I said i could not find any faults with this one. There is one. The bid ask spread is a little wide, at least with my broker, but I also bought some more today on the weekend when spreads are worse.
Earlier today I alerted that was about to run over a double top and then nothing would be in its way. That was just shy of 5cents. It's now 0.0538.
Breaking out now over the last high months back.
Here is a link to the other publication. I quoted a different ticker initially by mistake so don't get confused. This one recently got its 200 EMA in a bullish place just under price on the daily. I really can't find anything not to like. I would not be surprised for this to run to 30 cents or 50 cents by Christmas in 2 months.
Here is the publication I started about 3 days ago on RENUSD. Yes the ticker in the headline is a typo. Actually I think I have confused myself. 3 days ago I picked RUNEUSD. But today I picked RENUSD. RENUSD is the bullish 5 cent Crypto that I can't fault except for the spread of price. would look at this one.
Bearish flag pattern on BTC!?This time BTC is little confusing... It has to complete its weekly bull flag pattern target, but now its performing bearish flag pattern on 4hr chart. This thows that soon BTC will come to retest its support level of 72,000. Right now there are two possiblity that it can break the channel or it will continue the channel.
TradeCityPro | INJUSDT Altcoins Gaining Momentum Amid BTC.D Drop👋 Welcome to the TradeCityPro channel!
Let's dive into the INJ/USDT chart and explore key trading triggers as altcoins show strong moves due to declining Bitcoin dominance (BTC.D).
🌐 Market Context
Bitcoin is consolidating below the $99K resistance, with whales showing calmness. This has led to capital rotation into altcoins, as reflected by the drop in BTC.D.
BTC.D is approaching a crucial support at 58.66%. A continued decline, along with Bitcoin's sideways or slight upward movement, could trigger massive altcoin pumps.
📊 INJUSDT Weekly Timeframe
Trend: INJ is attempting to close above its weekly resistance with significant volume, signaling a potential bullish breakout.
Buy Trigger: A close above this weekly resistance with a stop-loss at $16.20 provides a solid entry for spot positions.
Correction Opportunity: The coin has already corrected to $16.20, and a break above the trendline could lead to further gains.
📈 INJBTC Pair Perspective
INJ is relatively stronger than most altcoins against Bitcoin, trading at higher levels in its BTC pair.
Trigger: A breakout above 0.0004325 BTC could confirm an upward move, with potential targets at 0.0009526 BTC, provided the overall market remains bullish.
📝 Final Thoughts
Avoid FOMO: Don’t rush into the market; wait for clear triggers and manage risk responsibly.
Altcoin Opportunities: Early in an "alt-party," altcoins often outperform. However, INJ is already trading higher than many altcoins, making it essential to approach with a strategy.
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! ❤️
ETHUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
When the next altseason might happen?One usually refers to altcoins and mems flying high when talking about big profits and pumps. So, when the next alt season could happen? To answer this question, analysts usually examine ETH and the Crypto Total Market Cap (excluding BTC and ETH) charts to make a prediction. Moreover, I think it is worth analyzing the Dominance of altcoins (excluding BTC and ETH) as well. I already analyzed the ETH before and updating it periodically, so let's look at the Crypto Total Market Cap.
When looking at the Total Market Cap chart, it is evident that there was a downtrend in which lower lows were made one after another. Recently, in March 2023, a higher high and a higher low were made; a sign of a possible reversal. But, two higher highs and two higher lows are needed, at least, for the reversal confirmation. Furthermore, the value/price of the Total Market Cap must not breach the recent higher low. Based on the technical analysis, two possible scenarios can play out that are drawn on the chart.
ChilizIn relation to technical analysis, Chiliz is awesome in a weird a way! First, consolidating in a triangular/boat like zone, then bursting upward. Next, enter a corrective phase in a downtrend channel. Could it burst again upward reaching Fib level 1 making ABC pattern in which A=C? Only time will tell. Let's see what happens.
P.S. the middle of the triangular consolidation zone is selected as the start point of Fibonacci extension.
Terra (LUNA) Hypothesis!Could it happen? Like this!
This is not an analysis. Its just a painting. I myself do not trade this.
But if it happens, even something a little like this, even then it's not something to brag about.
Since it is not clear in which direction BTC wants to go, I decided to share this painting with you. :)
Terra Classic (LUNC)So far, LUNC's movement behavior is analyzable by technical analysis and Elliot waves. That is, the corrective 2 and 4 waves both ended at 0.5 and 0.618 Fibonacci retracement; And the impulse wave 3 have been extended to 1.618. So, if the impulse wave 5 grow bigger than wave 3 it can extend past the 1.618 about 0.0041. Otherwise, it probably going to be smaller than wave 3 and extend up to 1 Fibonacci extension; that is about 0.00125.
There is another possibility and that is the corrective wave 4 is not finished yet and going to unfold in complex waves. Lets wait and see which happens.
SasanSeifi| Bulls in Control with $0.028 and Beyond!!Hey there, ✌ In this analysis, we examine the price movement of BINANCE:RVNUSDT cryptocurrency in the daily timeframe. As observed in the chart, the price of RVN entered a bullish phase from the demand zone at $0.015. After successfully breaking the supply zone and the descending trendline, the price underwent a pullback to the broken level and is now experiencing slight positive fluctuations, currently trading around $0.02468.
Based on the overall market conditions and the daily price trend, the analysis leans towards a more bullish outlook in the medium-term. RVN is expected to rise to around the $0.028 level, followed by a minor correction before continuing its upward movement towards medium-term targets at $0.030, $0.031, and $0.034.
To better understand the ongoing trend, we need to observe how the price reacts to the supply zone. If the price manages to break through this zone, the bullish trend will likely continue with strong momentum. Key support levels in the daily timeframe are currently in the range of $0.022 to $0.020.
💢 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!✌
SasanSeifi|Is PEPE Poised for Another ATH After Corrections?Hey there, In this analysis, we examine the price movement of BINANCE:PEPEUSDT cryptocurrency in the daily timeframe. As shown on the chart, the price started its bullish phase from the $0.000010 range and, after breaking the structural level (BMS) at $0.000012, attracted additional demand. This upward momentum pushed the price beyond its previous all-time high (ATH) of $0.000017, leading to the formation of a new ATH at $0.000025.
Currently, after a significant rally, PEPE has undergone minor corrections. These corrections appeared as a pullback to the previously broken resistance level, with the price showing a positive reaction at $0.000018. Given the current price behavior, it is anticipated that in the medium to long term, PEPE could reach new price targets at $0.000027, $0.000029, and $0.000030.
If the price can maintain the support levels between $0.000018 and $0.000017, the bullish trend is likely to continue, potentially reaching new ATHs.
❌However, given the highly volatile nature of this cryptocurrency and its characteristics as a meme coin, it is advisable to allocate only 1% of your portfolio to this asset.
💡 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!
SasanSeifi| Targets at $0.060 and Beyond!!
Hey there, On the 4-day timeframe, BINANCE:VETUSDT has initiated an uptrend from the $0.020 range, reaching the descending trendline resistance at $0.045. Currently, the price is attempting to break this trendline. The overall market outlook suggests a bullish sentiment in the medium and long term.
Expectations:
If the price establishes above the descending trendline:Potential growth targets are $0.060 and $0.070.Rejection and pullback from these levels may set the stage for further bullish continuation toward higher targets.
If the price fails to break above:Corrections toward the $0.033 and $0.030 levels are possible.
These levels could act as significant support zones for a rebound and continuation of the uptrend.
This analysis highlights potential buying opportunities for medium- and long-term investors.
💡 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!
IoTeXOne of the great projects in the crypto market which show promising future. The technical analysis is straightforward; well, almost. After the previous impulse wave ended, price entered a corrective wave and now it seems finished around 0.5 Fibonacci retracement. Also, there is a consolidation zone shaped like a box or more likely a triangle in which the price has been oscillating for a while. Let see what happens after price break this consolidation zone upward.
TradeCityPro | FTM : Preparing for a Potential Rally👋 Welcome to TradeCity Pro!
In this analysis, I will be reviewing the FTM chart. This project is a Layer 1 blockchain, which has recently gained significant attention and buying volume due to its new airdrop initiative.
📅 Weekly Timeframe: Preparing for Another Rally
In this timeframe, after several months of base formation around $0.1793, the price has now broken through $0.5535, with the next resistance at $1.0785. If the price successfully stabilizes above this resistance, the probability of reaching the ATH at $3.292 increases significantly.
📈 If the RSI oscillator breaks through 62.1, bullish momentum will enter the market, increasing the chances of breaking the resistance and pushing toward the ATH. However, the most crucial factor right now is volume. So far, the main buying volumes haven’t entered the market. Until this happens, the likelihood of breaking the resistance remains low.
📅 Daily Timeframe: Close to Breaking Resistance
On the daily timeframe, after breaking $0.5384, the price has pulled back toward this level and the SMA 99. It has now reached $0.8401, with a significant support level at $0.613.
🔼 The first long trigger in this timeframe is $0.8401, with a target of $1.1448 if this level is broken. However, as mentioned in the weekly analysis, volume remains low, and until larger volumes enter the market, the moves in the market cannot be deemed reliable.
🔍 If the price is rejected at $0.8401, it may pull back again toward the SMA 99 or even revisit $0.5384.
🔽 Currently, there isn’t a suitable short trigger in this timeframe. Personally, I will wait for lower highs and lower lows before considering short positions.
👑 FTM/BTC Analysis
On the daily timeframe for the FTM/BTC pair, there’s a long-term range between 0.00000676 and 0.00001129, with price once moving to the high at 0.00001794 and another time to the low at 0.00000541. Currently, the price is battling resistance at 0.00000817, which is within this range.
🚀 Breaking this resistance, coinciding with $0.8401 on the USD pair, would be a solid confirmation for entering spot buys or futures positions. The next resistances are at 0.00000991 and 0.00001129.
📝 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! ❤️