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Cryptocurrencysignals

BITCOIN consolidating around ATH = Mega BUY!Quick comparison of Bitcoin's (BTCUSD) current Cycle to the one in 2014 - 2017, which is the one that has been most tightly correlated to and as you can see by the charts below, we have spotted since January 2023, right at the market bottom: The current consolidation around the previous All Time High (ATH) region is a clear buy signal, in fact based on the 2014/17 Cycle, it is the last we might get before the Parabolic Rally (green) phase starts. As you can see both Cycle's started with a Falling Wedge leading to the bottom, then the Accumulation Phase as soon as the price broke above the 1W MA50, leading to the 1st take-off Phase to test the ATH. The 1W RSI will mostly stay overbought from now on until the top of the Cycle, which is not the essence of the current idea, but we expect it to be at least at 200k. The 1W MA50 (blue trend-line) should continue to support until the Cycle Top. But what do you think? Do you expect BTC to start the parabolic rally phase shortly after the Halving which is around a week's time? 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
13
TONUSD Top of the Channel Up. Still worth buying?Last time we looked at Toncoin (TONUSD) it gave us the most optimal long-term buy entry (August 17 2023, see chart below) as it bottomed on an Inverse Head and Shoulders pattern: Today the coin reached the top (Higher Highs trend-line) of the long-term Channel Up and technically it is a sell opportunity. We are willing to take it, as long as the 1D candles keep closing within the (blue) Channel Up and target the 1D MA200 (orange trend-line) at 3.50. If however even a single candles closes above the (blue) Channel Up, we might see a new (dotted) Channel Up emerge, so we will take the loss on the sell and buy instead, targeting its top at 12.00. ------------------------------------------------------------------------------- ** 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:TONUSD
by TradingShot
SOL/USD: Riding the Waves of Resistance with SOLANAWelcome back, crypto crusaders! Today, we're diving into the turbulent waters of SOL/USD trading with our favorite meme-like analysis. So grab your life vests and let's navigate the waves of resistance together! Right off the bat, SOL is giving us some serious déjà vu as it flirts with resistance levels that harken back to its previous all-time high (ATH). Talk about a blast from the past! But fear not, because we've got our trusty charts and Fibonacci levels to guide us through this storm. Zooming out to the monthly timeframe, we're seeing some unconfirmed structure, but the weekly suggests that resistance is looming large. However, amidst the chaos, there's a glimmer of hope – a bullish trendline on the monthly, aligning perfectly with the 615 Fibonacci level and structure. I smell a potential support zone brewing at the $100 level, assuming the price plays nice with the ATH as resistance. Cue the dramatic music! Now, here's the golden rule: Buy if and only if the structure is confirmed at the $100 level. We're talking about touching a support trendline here, folks – a break could send us spiraling down faster than you can say "crypto crash." And trust me, nobody wants to visit the dreaded $40 level! But wait, there's more! We're not just looking for confirmation of support – we're also keeping a keen eye on that pesky ATH level. If it decides to flex its resistance muscles, we might just find ourselves eyeing the $140 level as our new loading zone. Talk about a plot twist! As for our TP (take profit) level, we're setting our sights on the lofty $412.00 mark. But beware, brave traders – the ATH will be standing guard, ready to thwart any further push. Better review those lower timeframes to confirm our strategy. Remember, it's all about probability, folks – no trading advice here, just some good old-fashioned risk-taking. And hey, don't forget to stay up to date with the latest news on SOL – fundamentals are the wind beneath our trading sails! So, here's to riding the waves of resistance with SOLANA – may the memes be plentiful and the profits be ever in your favor! Keywords: SOL/USD, trading analysis, resistance levels, support zones, Fibonacci levels, bullish trendline, ATH, loading zone, take profit level, risk management, investing, trading advice, dollar-cost averaging, cryptocurrency news, meme culture.
BINANCE:SOLUSDLong
by PlutusX
CKBUSD This rally isn't over yet.Nervos Network (CKBUSD) has been having one of the most successful rallies since the start of the year among high cap tokens and broke above its March consolidation last week. That was the 2nd bullish break-out after the ATH Lower Highs trend-line break-out on the week of February 19 2024. Last week we had a successful hold of that former Lower Highs trend-line for a second time, which turned it technically from a Resistance to the new Support of this uptrend. An uptrend which may be on an overbought 1D RSI but, as per the parabolic rally of the previous Bull Cycle, it may extend to at least the 1.5 Fibonacci extension. We are expecting 0.08000 minimum in the next 5 months. ------------------------------------------------------------------------------- ** 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:CKBUSDLong
by TradingShot
BITCOIN About to break the 3-week Triangle! How to trade it?Bitcoin (BTCUSD) has been trading within a (dashed) Triangle pattern since the March 14 High, supported twice by the 1D MA50 (blue trend-line). The price is testing today the top of that pattern and going back to November 2022 at the bottom of the Bear Cycle when the Fibonacci Channel Up begun, we can see that a similar pattern emerged two more times. The first (January - March 2023), the Triangle broke downwards, hit the 1D MA100 (green trend-line) and then rose aggressively towards the 1.786 Fib extension. The second Triangle (December 2023 - January 2024) broke to the upside but then got rejected at the top of the (blue) Channel Up (Channel Fib 1.0) and pulled-back to the 1D MA100 before rising even more aggressively towards the 4.5 Fib ext. The common fact is that on both cases, the price touched the 1D MA100 eventually before rebounding. At the moment though, BTC is above the former (blue) Channel Up and is transitioned into a Fibonacci dynamic pattern. As a result, there is no obvious Resistance right above besides the 2.0 Channel Fib extension. A bullish break-out this time may not necessarily require a 1D MA100 test before a more aggressive rise. Since however the new Halving event is expected in a week and a supply shock may initially cause a decline upon news that might already priced in, traders are advised to keep some 'dry powder' for a final test of the 1D MA100. We have two targets for the medium-term: Target 1 at 85500 (marginally below the 1.786 Fib ext) and Target 2 at 120000 (marginally below the 4.5 Fib ext). The signal to buy with more confidence on the 1D MA100 would be if you see the 1D RSI hitting the green cup pattern again as it happened on the previous price Triangle cases, which as you can see, have been fairly similar, getting overbought (above 70.00) prior to the Triangle and then deflating as the Triangle formed. 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
BITCOIN The Golden 51%-49% Ratio! 600 days of Bull Market left!This is a really simple Bitcoin study on which I calculate the remaining days of the current Bull Cycle we are in based on the Top, Bottom and Halving of each Cycle. These parameters are effectively used to distinguish the Bull from the Bear Cycles. Tops are obviously where the Bull phase ends and Bear starts, while the Bottoms are where the Bear phase ends and the Bull starts. ** The 51%-49% Ratio and the important of the Halvings ** The focus of this study is the Bull Cycle. As you see on the chart there is a striking similarity on each Cycle. The phase from the Bottom to the Halving is 51% of the whole Bull Cycle while the rest (Halving to Top) consists the 49%. Practically we can claim that the Halving seems to be the middle of each Bull Cycle. ** So where are we now? ** Based on the above ratio and with the 3rd Halving scheduled on May 12th, 2020, we can calculate that the first phase (51%) of the current Bull Cycle will last around 520 days (Bottom made on December 15th 2018). The 49% which based on the previous two cycles has been the second phase should therefore last around 505 days, placing the Top of the current Bull Cycle in early October 2021! This means that there are around 600 days of Bull Cycle left!! Of course there are and will be several other parameters that can influence the cycle (we saw that on the April-June 2019 parabolic explosion) but this is a good (and so far very accurate) pattern that long term Bitcoin investors can follow. It certainly answers the question "is it too late to buy?" though! Do you agree with this estimate of have another pattern in mind? Let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! BONUS MATERIAL a shorter term perspective:
BITSTAMP:BTCUSDLong
by TradingShot
399
BITCOIN still has at least 500 days of Bull Cycle ahead !!!Back in February 2020 we published one of our most popular ideas, the 'Golden 51%-49% Ratio': And in December 2022 exactly on the last Bear Cycle's bottom, we updated it issuing a mega buy signal for long-term traders and investors: As you can see, this couldn't have been more accurate and today, as we are only 2 weeks before Bitcoin's 4th historic Halving, we are giving you an update with a few extra elements! ** Cycles and LGC ** The Bear Cycles are displayed by the red Rectangles and the Bull Cycle by the green. What's noticeable here is that BTC only recently got out of its Logarithmic Growth Curve (LGC), which is unusual before a Halving event. Being that close to the range that is basically Bitcoin's historic Buy Zone, indicates its huge potential moving forward in this new Bull Cycle. ** The Golden Ratio ** However the highlight of this analysis remains the Halving's Golden Ratio, which implies that the time distance from the Bear Cycle's bottom to the Halving is almost equivalent to the distance from the Halving to the Bull Cycle's top. It has held beautifully on the 3 previous Cycles and there is no reason not to expect it to unfold this time also. ** 500 more days of Bull ** This indicates that we have at least another 500 days of Bull Cycle ahead of us and the best part is that those will be in the form of the most aggressive part of the Cycle, the Post-Halving Parabolic Rally (green Megaphone)! But what do you think? Do you expect the 51%-49% Golden Ratio to hold again? If yes, at what price do you expect Bitcoin to peak? 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
4
MPCUSDT Don't miss this Cup & Handle BUY opportunity!The MPCUSDT, Partisia Blockchain's token, has started to make a bullish reversal as it held its 4H MA50 (blue trend-line) as Support and started today its strongest 1 day rally since its first trading day. The pattern that appears to have prevailed is a Cup & Handle (C&H), which technically leads massive bullish reversals on market bottoms. Even though 4H is a rather short-term time-frame, we can expect a similar behaviour. Our Targets remain 0.5750 and 0.6900, exactly on the Resistance 2 and 3 levels respectively. Technically it can even go as high as the 3.0 Fibonacci extension, before the next short-term pull-back. Overall we are very bullish on MPC, a great token on a project with very promising potential. It is worth being a long-term holder as the fundamentals are one of the most solid we have seen on caps of this size. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
ETCUSD new rally starting towards $50.Ethereum Classic (ETCUSD) has started to rise again, so far being on the 2nd straight green 1D candle, without breaking the key 1D MA100 (green trend-line), which has been supporting since essentially the October 23 2023 break-out. As long as this holds and ETC keeps closing the 1D candles above the 1D MA100, we expect a new cyclical rally to start within the Fibonacci Channel Up. The last one was +83.17% from its Higher Low, so a repeat would give us $49.00 by May. ------------------------------------------------------------------------------- ** 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:ETCUSDLong
by TradingShot
BITCOIN Will we see 60k before 100k?Yesterday we discussed from a 4H perspective (see chart below) why it would be technically possible and above all healthy for Bitcoin (BTCUSD) to pull-back to the 1D MA50 and then rebound: Today we approach this from the 1W time-frame where the results are virtually the same. As you can see, Bitcoin has pulled-back towards the 0.382 Fibonacci retracement level measured from the previous Low on both previous corrections. Even the April - June and July - September double corrections last year (2023), both didn't exceed the 0.382 Fib. With the underlying long-term pattern for BTC being a Channel Up since the November 2022 (FTX crash) bottom, such a pull-back would be a new Higher Low. As you can see every Bullish Leg to a Higher High is slightly weaker progressively. The 1st was +104.28%, the 2nd +96.69% (-8% lower), the 3rd +92.48% (-4% lower), so we may have a pattern here where every Higher High's decreasing rate is -50% lower each time. This indicates that the next Higher High may be -2% less, i.e. +90.48%. That gives us a $110000 Higher High target but it is always safer to start taking profits (medium-term at least) around $100k. So if this model continues to repeat those systemic sequences, we are looking at the possibility of a 60-58k pull-back towards and marginally after the Halving and then new rally to $100k. It is worth mentioning that every time such Higher Low pull-back took place within the Channel Up, the 1W MACD either made a Bearish Cross or a very tight Squeeze. We can already see the MACD reversing downwards. So what do you think? It is more probable to see a 60k pull-back before a new rally to 100k? 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:BTCUSD
by TradingShot
15
ALTS are ready to explode after this Golden Cross! DON'T MISS ITThe Crypto Total Market Cap excluding BTC (TOTAL2), which is essentially the altcoin market, just completed a Golden Cross on the 1W time-frame. That is the first such formation since September 14 2020. As you can see, that was during the middle of the previous Bull Cycle, around the 0.5 Fibonacci retracement level and past the Accumulation Phase (blue Rectangle). The 1W Golden Cross essentially signaled the start of the Parabolic Rally (green Rectangle) 3-4 weeks later, which is the most aggressive part of the Cycle and what is otherwise known as 'Alt Season', the time when alt coins see extraordinary growth. The similarities between the two Cycles so far are striking. The Accumulation Phase was very long and took place on 1W RSI Higher Lows, a Bullish Divergence that paved the way to the Cycle's Rally. Note that this is only the 2nd 1W Golden Cross of the market, a feat that traders and investors should not miss and take advantage of. As long as the 1W MA50 (blue trend-line) supports, the market will continue to be on the Bull Cycle and enjoy its biggest gains. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:TOTAL2Long
by TradingShot
8
BITCOIN a 1D MA50 test is quite likely before 100k.Bitcoin (BTCUSD) broke and closed below its 4H MA200 (orange trend-line) for the first time in 2 months (since February 05). Last time such a pull-back off a Higher High took place was on January 12 (orange circle), which confirmed the extension of a short-term correction that found support on the 1D MA50 (red trend-line) and rebounded. That was a -21.41% decline from the top. On today's sequence a -21.41% repeat would again make contact (or come very close) with the 1D MA50. That could coincide with the Halving event, two weeks from now and would make for a very healthy correction. In our opinion that is the most optimal and low risk level to add more buys for the long-term 100k Target. But what do you think? Will BTC correct to the 1D MA50 or a rebound from the current levels is more probable? 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:BTCUSD
by TradingShot
3
NEAR Buy Alert!! 50% - 100% GAIN!! (easy to understandNEAR Protocol is like a special computer system that helps people create and use decentralized apps (dApps) without some of the usual problems that come with blockchain technology. Here's how it works: 1. Staying Secure with PoS : Instead of using lots of energy like traditional blockchains, NEAR uses a Proof-of-Stake (PoS) system to keep everything safe. This means people who own NEAR tokens help make sure transactions are legitimate and secure by staking their tokens. 2. Getting Faster with Sharding : NEAR breaks down its work into smaller parts called shards. This helps speed up transactions because different parts of the network can work on different tasks at the same time. 3. Quick Confirmations with Doomslug : NEAR has a cool system called Doomslug that quickly finalizes transactions. This means you don't have to wait long to make sure your transaction went through. 4. Talking to Other Blockchains with Rainbow Bridge : NEAR can talk to other blockchains thanks to Rainbow Bridge. It's like a bridge between NEAR and other networks, making it easy to share information and assets. 5. Growing Big with Aurora : Aurora helps NEAR handle lots of users and transactions without slowing down. It's like adding extra power to make sure everything runs smoothly as more people use NEAR. 6. Balancing Speed, Safety, and Decentralization : NEAR makes sure its network is fast, secure, and decentralized all at once. This is important because usually, you have to sacrifice one of these things to improve the others, but NEAR finds a way to balance them all. 7. Easy-to-Remember Account Names and Safety Features : NEAR makes it easy for people to use by giving accounts names that are easy to remember. Plus, it has extra safety features like multiple access keys to keep your stuff secure. 8. Using Smart Contracts and Gas : NEAR supports smart contracts, which are like self-executing contracts that automatically do what they're programmed to do. When you do things on NEAR, like sending tokens or running smart contracts, you pay a small fee called gas. This helps keep the network running smoothly. 9. Paras: A Cool Example : Paras is a digital card marketplace built on NEAR. It lets artists and collectors buy, sell, and verify digital collectible cards easily and securely. It's just one example of what you can do with NEAR. Here are the recent events they are doing: NEAR Protocol is rolling out a groundbreaking feature that makes it easier for users to interact with multiple blockchains using a single account. This feature, called Chain Signatures, lets users sign transactions on one blockchain using their NEAR account from another blockchain. What's unique about Chain Signatures is that it's powered by a decentralized multi-party computation (MPC) network and secured by NEAR's validators. This means users can seamlessly access and interact with various blockchains, including Ethereum, Cosmos, Dogecoin, Bitcoin, and XRP Ledger, with plans for support for additional chains like Solana and Polkadot in the works. One key aspect of Chain Signatures is its "Multichain Gas Relayer" feature, which removes the need for users to have the native gas token of another blockchain for transactions. Instead, users can use NEAR tokens to cover gas fees across any supported chain, making transactions more convenient and cost-effective. This development opens up new possibilities for decentralized finance (DeFi) on non-smart contract chains like Bitcoin. Developers can now easily create DeFi products that utilize assets from different blockchains without the need for complex bridging mechanisms. Currently operational on NEAR's testnet, Chain Signatures is expected to roll out on the mainnet by early May, offering users a seamless and efficient way to navigate the multi-chain ecosystem. Despite these advancements, NEAR has faced some organizational changes, including a reduction in workforce and the departure of its CEO. However, the project continues to make strides in improving user experience and expanding its ecosystem. Summary : NEAR Protocol's Chain Signatures feature makes it easy for users to use their NEAR account across different blockchains. It saves users from managing multiple accounts and lets them pay transaction fees using NEAR tokens, simplifying the process. This feature also empowers developers to create innovative cross-chain applications and ensures transactions are secure and reliable. Overall, Chain Signatures set NEAR apart by offering seamless interaction between blockchains, making blockchain technology more accessible and user-friendly. Analysis: I expect NEAR's price to drop between two specific lines as the Bitcoin halving approaches. This dip could be a good opportunity to buy at a discounted price. After that, I'm aiming for NEAR to hit a new all-time high, potentially making a profit of 57% to 98%. This movement might attract interest from big investors or institutions, leading to more trading activity and higher prices. I'm looking for NEAR's price to consolidate or gather liquidity before making a move to higher prices.
COINBASE:NEARUSDLong
by Waddl3
PENDLEUSD Strong Buy Signal. Target $12.Pendle (PENDLEUSD) is on a short-term pull-back after the 1D RSI got overbought above 70.00. This is consistent with all previous times the RSI got that overbought but against common sentiment, which would suggest exhaustion of the bullish trend, that was a signal to buy halfway through the Bullish Leg. As you can see on the two Legs before, that signal emerged at around 50% of the uptrend. As a result, we expect at least $12.000 before the next consolidation. ------------------------------------------------------------------------------- ** 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:PENDLEUSDLong
by TradingShot
BITCOIN hit a record 7 straight green months! NOT APRIL FOOL'S !Yes it is not April Fool's, Bitcoin (BTCUSD) just closed a record 7 straight months of gains for the first time in history. Since it's inception, there hasn't been an exchange where BTC made more than 6 bullish monthly (1M) candles in a row. What started in September 2023 as merely a hold and bottom formation on the 1M MA50 (blue trend-line), eventually evolved into a record breaking sequence. In fact, Bitcoin has only had 3 red months in the past 15, which makes the feat even more impressive! Being the lengthiest such bullish sequence in history, doesn't mean that the rally is over. In fact, we can argue that it has only just begun as based on the 1M RSI, which is trading within the 0.786 - 0.618 Fibonacci Channel range, we are on symmetrical terms relative to past Bull Cycles, where the price was on November 2020, February 2017 and February 2013. We can see that this is an impressive symmetry, and shows that we are at a point far from the cyclical peak. The previous 3 Cycles topped 12, 10 and 10 months from that RSI position respectively. If this continues, we can expect Bitcoin to rally for at least another 10 months before the Cycle peaks and the RSI approaches the Channel Top where we can gradually start taking profit! But what do you think? Does this impressive 7-month bullish streak still have at least 10-month fuel in it? 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSDLong
by TradingShot
14
IMX: March 30th, 2024: BullishHi. Hope you're doing ok. Today's setup is one of the neatest there is out there. Considering the narratives unfolding, GameFi is one of the areas where there is a lot of potential, and ImmutableX is definitely one of the leaders in this field. The chart is incredibly bullish, and reminds me of Jasmy that I fumbled TBH. I saw a similar breakout and retest in Jasmy before that monstrous rally, but I didn't manage to get an entry. Am I implying that this will do a 200% as Jasmy did? No, honestly! When it comes to big rallies, market cap matters, and for IMX to move 200%, a lot more capital is needed. Each time IMX has rallied, we have seen diminishing results. The first rally recorded 400% while the second was about 110%. My expectation for the 5th impulsive wave is around 70% - 80%, maybe even lower depending on PA at levels of interest. However, we have bullish break out of a HTF consolidation zone, and sooner than later a rally will probably begin. VWAPs and some major levels are viewed as support for me. EMAs 12, 21 are acting as support as well. Trend is definitely bullish, and a new impulse wave is in the cards IMO. I have to note that I expect much higher prices in the long run, i.e. a new ATH.
Long
by Trader_Nebula