Cryptolevels
Lpt/usdt update Lpt/usdt
4H Time-frame
A triangle pattern has formed on the 4-hour time-frame. This pattern is neutral and can break out in either a bullish or bearish direction. However, based on the overall market trend, I anticipate the price to break out upwards from this pattern, resulting in a 30-50% bullish move. Let's wait and see.
Note: These ideas are personal opinions. Always conduct your own research before making decisions. Good luck!
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Ethereum Bounce @ Weekly Resistance Zone $1,915 🗞️The Monthly candle is a Doji candle and with Eth's recent rise has returned back to Break Even on the Month. I'm anticipating that we will have some trouble breaking the $1,915 Weekly supply zone created on the week of May 29th. Ethereum's recent rise of 17% compared to Bitcoin's 25% has been quite disappointing for a smaller market cap cryptocurrency. Although we have broken out of a recent Bearish channel, I can see price pulling back before heading towards medium term highs at $2,121. Additonally we can observe the 2 most recent daily candle's have are shooting star - like candles. The top wick's on each candle being larger than the body of the candle. A Coincidence that these candles have printed at our weekly supply zone $1,915?
Bearish Monthly target for July is $1,660
Favoring Downside Because of Weekly Market Structure Pointing down.
Target's through rest of June and July are
Take profit 1 : $1,786
Take profit 2 : $1,730
Take profit 3 : $1,660
If Wrong, Firstly Cut losses short and the Bullish Monthly target for July is $2,121
SP 500 WITH 4623 BULLISH PIPSSP 500 had been in a continued uptrend for a while now and its not strange to witness the recent pull back / retest that brought the stock price to 4367 at 6.18% fibonacci level and the posed bounce off from the region would likely take the stock price to 4800, that is potentially 4623 bullish pips.
According to dancolnation capital trading strategy, we shall be trailing with the trend after a retest of same 4367 region with a 4H bullish engulfing candle for our SWING RIDE
CFX/USDT Analysis on Daily TimeframeCFX/USDT Analysis on Daily Timeframe:
The price is currently attempting to break down from this pattern. If the breakdown happens, we might witness a drop in CFX price by at least 30-50%. I anticipate the price to break down soon, but we'll have to wait and see.
Please remember: this is just an idea. Before making any decisions, it's important to conduct your own research.
Best of luck in your trading endeavors!
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Decoding the Crypto Market Dump on August 17, 2023Introduction:
The crypto market encountered a significant downturn on August 17, 2023, leading to substantial drops in cryptocurrency prices. This article delves into the potential reasons behind this market event and offers insights from various angles.
Possible Factors Behind the Crypto Dump:
1. SpaceX's Bitcoin Sale:
According to the Wall Street Journal, speculation arose that SpaceX, owned by Elon Musk, might have sold its $373 million Bitcoin holdings. Given Musk's influence on the market, such a move could have triggered a cascading sell-off.
2. Regulatory Strictures:
Global regulatory actions tightening the noose on crypto activities (e.g., banning mining, trading, and payments) have impacted market sentiment. These measures curtailed demand, liquidity, and escalated investor uncertainty.
3. Technical Glitches:
Major crypto exchanges, including Binance and Silvergate, experienced technical glitches and outages. These disruptions could have sparked panic-selling and margin calls, eroding trust in the crypto ecosystem.
4. Emotional Market Sentiment:
Psychological factors such as fear, greed, FOMO (Fear of Missing Out), and FUD (Fear, Uncertainty, Doubt) played a role in amplifying the market's volatility. Shifting sentiment from fear to greed, and now neutrality, underscores market instability.
5. External Shocks:
Broader economic conditions and events like the Covid-19 pandemic, inflation concerns, fluctuating interest rates, and geopolitical tensions influenced demand for alternative assets. This likely altered investors' risk appetite and asset diversification strategies.
Conclusion:
The August 17 crypto market dump stems from a complex interplay of factors, including potential SpaceX Bitcoin sales, regulatory interventions, technical disruptions, emotional sentiment, and external macroeconomic shocks. While these insights provide a comprehensive understanding, remember that this analysis isn't exhaustive, and other variables could have contributed. This article does not offer financial advice; thorough research and analysis are vital for making informed investment decisions. If you have further questions, feel free to inquire. 😊
Bake Latest Update Bakeusdt
Bakeusdt has reached a resistance level on the daily chart. It's facing strong resistance due to horizontal and bearish pennant breakdown levels. A potential drop of 15-25% is possible in the short term.
Remember, this is only an idea. Research before deciding.
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BNB ☀️ Upside - Bullish Next 24 Hours Binance Coin experienced a 0.2% increase over the last 24 hours. As per ATTMO's market analysis, the upcoming 24 hours hold a positive forecast with a sunny outlook ☀️ for the Binance Coin price. This suggests the potential for further price growth beyond its current levels.
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$AGLD breakout Bullish SymmetricalTSXV:AGLD breakout Bullish Symmetrical Triangle in 4hr
What is a Symmetrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
KEY TAKEAWAYS
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
Rune/Usdt Update Rune/usdt
In our previous discussions, we talked about a Rising Wedge / Bearish channel, but Rune doesn't seem to be following any bearish patterns
Right now, I think the price might go down by around 20-30% after it reaches the 1.40-42 level. Let's wait and see.
Remember, this is just an idea. Before making any decisions, do your own research.
Best of luck! 👑
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Api3/usdt One More Bullish move loading Api3usdt
I think the price of Api3/USDT will break out of the triangle shape it's in and go up by around 20-30%. This is because, if you're someone who trades actively, you've probably noticed that on Sundays, the value of a certain coin goes up a lot. This weekend, I believe this will happen to both Api3 and Lpt. Lpt has already gone up by over 30%, so now I think it's Api3's turn. Just remember, this trading idea is only for the weekend.
Important: I'm not giving financial advice. Before you make any decisions, please do your own research. Good luck! If you like what we're saying, please support us.
SHIB Can it recover or Is the Steam Already GoneI've been in my SHIB position for a while now. I am thinking price will be able to push higher if it is able to survive the onslaught of Central Bank Rate Hikes and the negative crypto news that have been coming out lately. There are things in work for SHIB, but it all comes down to if people what to get in the coin or not. For now, without the easy that was there back in 2021, it is difficult to say that SHIB can climb higher, even with things like the crypto burns and Shibrium (I think that's how you spell it). But here is how I am going at it. First I am ok with losing the money I placed on it. Which means that I don't have my whole life's savings on this coin and I am not doing that "Yolo" stuff. So I got my mindset in the correct path. I am look for price to push lower, to the 0.000008 lvl to purchase some more coin. I am thinking price might hit the 0.000005 and at this lvl, I'll purchase some additional coin. I am thinking people who are already in the coin are going to hold anyways since what else is to do, sell?? They have likely came to terms with, if the coin tanks, I already knew this was going to happen. Moving on, one I get into my final position, that's it. I just wait and see what price does. The coin will just need to last until 2024 and if it does, I think price will be able to start pushing higher and hit 0.00001 sometime in late 2024 or mid 2025.
Of course there are many other things that come into play that could affect the coin. One being the regulations that are attempting to be pushed out to deal with crypto. Then you got the geo political issues and whatever else is being cooked up across the globe. But I must say, if price does push higher, I'll be one happy camper, indeed. Y'all have a great trading year out there.
Rune/Usdt Update Runeusdt
On the daily time-frame :
1. There's a bearish pennant, which suggests the price might go down.
2. If we notice 1 or 2 red candles at this resistance point, it could create a double top pattern, indicating more potential for a drop.
3. Rising Wedge Pattern Also Bearisg
Overall, we might see the Rune price go down atleast 15-30% if it gets rejected. Remember, we should wait for confirmation of the rejection.
Best of luck!
Note : This is just an idea, do your own research before taking any decision
Happy trading 👑
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Excitement around OXTIts looking like we finally broke out a multi month descending wedge. Will we keep going up? I certainly don't have a crystal ball, but if the break-away plays out, we can see a good pump to about 10 cent levels followed by a continuation to higher levels. Lets see where it goes and how many people fear getting left behind. -- Lets have another FOMO event!
Dydx Still struggling DYDX/USDT
Timeframe: Daily
The price of DYDX is currently following a rising wedge pattern on the daily timeframe. I anticipate that the price might decrease by around 20-40% from this point. However, it's important to note that these are just my expectations, and we need to wait for confirmation before making any conclusions.
The initial sign to watch for is a rejection from the current level. If there's a rejection, our initial target will be the lower trendline of the wedge pattern. Furthermore, if the price breaks down below this pattern, it will provide even stronger confirmation that DYDX might encounter challenging times.
Please remember that this is just a suggestion. Before making any decisions, it's advisable to conduct your own research and analysis.
Best of luck,
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Wishing you successful trading.
AVAX Forecast: Cloudy Week Ahead ☁️ - Bearish OutlookAlthough the global crypto market enjoys ☀️ sunny trading conditions with a few ☁️ scattered clouds in the next 24 hours, as predicted by ATTMO, some altcoins like AVAX may encounter more ☁️ clouds over the one-week horizon, implying a downside risk.
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MAGICUSDTMAGICUSDT is showing some good bullish momentum. As the price is still under bearish trendline but it seems like the price is at verge of breakout. Currently the price is getting strong support from previous broken level. If price close successfully above 0.8230 level, which is the breakout of declining trendline, you can trade it with buy stop.
BTC ☀️ – Bullish Potential; XRP, LTC Face ☔ Correction Ahead? Mixed trading conditions ahead on the global crypto market! The sun shines ☀️ over the two largest cryptocurrencies, Bitcoin and Ether, indicating a slightly bullish market with upside potential in the next 24 hours and for the week ahead.
Other altcoins face both rain ☔ and clouds ☁️ in the next 24 hours, signaling a slightly bearish or bearish market with downside risk. The downward trend is set to continue over the coming week for both Litecoin, Ripple’s XRP, and Polygon’s MATIC, while the trading conditions should improve for other coins such as Cardano and Dogecoin, edging higher. 🌥️
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BTC Sunny Upside 🌞 LTC, BNB Facing ☁️?Mixed conditions ahead on the global crypto market with XRP, Bitcoin, and Ethereum facing sun 🌞 in the next 24 hours and week ahead. This signals a slightly bullish market with upside potential.
However, Litecoin, Binance, and Dogecoin face clouds ☁️ in the next 24 hours, indicating a slightly bearish market with downside risk.
Over a one-week horizon, this negative trend should turn into a positive one as the sun returns and shines over these crypto coins. 🌤️
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Disclaimer
XRP 🌞 24-Hour Outlook; ☁️ for LTC, BNB, & DOGE?Mixed conditions ahead on the global crypto market with XRP, Bitcoin, and Ethereum facing sun 🌞 in the next 24 hours and week ahead. This signals a slightly bullish market with upside potential.
However, Litecoin, Binance, and Dogecoin face clouds ☁️ in the next 24 hours, indicating a slightly bearish market with downside risk.
Over a one-week horizon, this negative trend should turn into a positive one as the sun returns and shines over these crypto coins. 🌤️
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