Alikze »» ALGO | Scenario 3 or C bullish - 1W🔍 Technical analysis: Scenario of the first cycle bullish wave 3 or C - 1W
BINANCE:ALGOUSDT In the daily time frame, the ascending channel is moving.
- In the analysis presented in the previous post , after reaching the dynamic trigger, it faced selling pressure and, after a correction of 0.23 Fibo of the previous wave, it was able to continue the upward movement to the supply area.
- Considering the previous movement structure, which had an upward cycle to the 33 cent range, after which it made a three-wave downward correction cycle.
💎After that, by forming a Double Bottom, it was able to touch the middle of the channel and the neckline by creating demand.
💎Considering the momentum, this movement cycle can continue to the ceiling area of the ascending channel and the supply area, and then with a temporary correction in the middle of the channel, it can continue the upward path to the second supply area.
⚠️In addition, if the price enters the Invalidation LVL range during this upward phase, the bullish scenario is invalidated and must be re-examined and updated.⚠️
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Cryptomarket
Ethereum (ETH/USD): Bullish Momentum Building Ethereum is currently trading within a rising channel pattern, indicating sustained bullish momentum. Here's the breakdown:
1.Support Levels:
Strong support at $3,080 (marked as 4H Support) has held firm, preventing further downside.
The ascending trendline is providing consistent upward pressure.
2.Resistance Zones:
Immediate resistance at $3,143 (30m Resistance).
Key level to watch is $3,224 (4H Resistance), which aligns with the upper boundary of the channel.
3.Volume & RSI:
Volume is gradually increasing, indicating renewed buyer interest.
RSI is rising from oversold levels, supporting a bullish outlook.
4.Target Levels:
A breakout above $3,143 could propel ETH towards $3,224, the next significant resistance.
Bullish Scenario:
If ETH holds above $3,114 and breaks $3,143 decisively, expect a swift move toward $3,224. Beyond this, a continuation within the channel could aim for $3,280.
Risk management is key—watch the $3,080 support zone closely for invalidation of the bullish setup.
TAO Long Spot Trade (Reclaiming Resistance)Market Context:
TAO is showing strength by reclaiming key resistance levels as support and attempting to form a higher low. The setup suggests potential for further upside if price consolidates above $450 and reclaims the daily 21 EMA. A break above $600 could lead to price discovery.
Trade Setup:
Entry: Between $450 and $490
Take Profit Targets:
First target: $590
Second target: $760
Third target: $960
Stop Loss: Daily close below $400
This setup aligns with a strong risk-to-reward ratio, leveraging the potential for continuation beyond $600. #TAO
FLOKIUSDT - preparing for another bullish rallyweekly chart is promising as it's obviously that after every accumulation floki going bullish
the accumulation in blue is different of other.
it's biggest ,
stabled at great support (weekly 0.618 fib)
so closing of the previous ATH , and obviously there are many retesting of it
incase of breakout the previous ATH price will make a 200% in bullish rally
Best regards Ceciliones🎯
SOL & Memes | Is Solana season here ?From Weekend Hero to Market King
Sol szn is here ? YESS, We are 70% up since our last analysis and recent data strongly suggests we might be entering the early days of SOL mania, Here’s why
1.SOL Outperformed BTC and ETH This Weekend: Solana delivered significantly better returns compared to Bitcoin and Ethereum over the weekend. don't let me compare it with Eth cuz it will break Eth holders Soul
2.Market Cap Milestone: Solana's total market capitalization hit an all time high earlier today, now making up 3.53% of the entire cryptocurrency market with a valuation of $114.3 billion.
3.Dominating Daily Net Inflows: As of now, SOL tops the leaderboard for daily net inflows.
4.Revenue Growth: Last week, Solana’s Real Economic Value (the revenue it generates) doubled its previous all-time high.
5.Meme coins often choose the Solana blockchain for a variety of reasons, primarily due to its unique technical advantages and its growing ecosystem. Here’s why: Low Transaction Costs, High Throughput and Scalability, Fast Transaction Speed, Strong Community and Ecosystem,Developer-Friendly Environment, Early Mover Advantage...
6.Weekend Trading Volumes: Between Saturday and Sunday night, SOL trading volumes surpassed those of all major altcoins.
All of this recent movement is huge for two specific groups of people:
-My wife, who has been worried sick since I told her I invested 100% of my life savings in Solana!
-Our followers, who got worded up on SOL around this time last year and load the dip at 20$
But will these trends hold, especially after ETH and BTC ETFs wrap up their first trading day of the week? Probably not but it’s worth noting how impressive this is, given Ethereum’s market cap is 3.3x larger than Solana’s, and Bitcoin’s is a staggering 16x bigger!
As you can see Sol ready for correction and pullback then it gets ready for Sol Mania
ALT Season? Not Even CloseWhen we exclude Bitcoin from the total crypto market cap, it becomes clear that we’re far from the conditions needed for an ALT season. Here’s a breakdown:
First Resistance: $1.28T (Excluding BTC)
The last high was in March 2024, with the market cap reaching $1.28T.
At that time, BTC dominance was around 52%.
Second Resistance: $1.71T (Excluding BTC)
This was the peak during the ALT season in November 2021, with the market cap hitting $1.71T. Back then, BTC dominance had dropped to just 42%.
Current Situation
BTC dominance is now sitting at 60%, which is far too high for a typical ALT season to start.
Historically, ALT seasons tend to begin when BTC dominance falls below 50% or even lower.
Conclusion
The altcoin market has a long way to go before reaching the conditions for a true ALT season. We need BTC dominance to decline significantly and the altcoin market cap to break through key resistance levels at $1.28T and $1.71T.
What’s your outlook? Are altcoins still in Bitcoin’s shadow, or is a shift coming? Let’s discuss!
BTC thesis with RAG AI by Titan_KarmaIn today's intraday assessment for Bitcoin (BTC), the market is showing strong bullish signals, particularly influenced by recent positive news and technical indicators. The recent surge in price to approximately $84,000, coupled with favorable developments such as Semler Scientific's yield, has created a bullish sentiment among traders and investors. Given the current price of BTCUSDT at $91,456.0, it is essential to monitor key indicators closely to determine the optimal entry point for a LONG position.
The financial analysis indicates a trading volume of 41,626.8629, with a mixed sentiment reflected in the long-short ratios. While there is a slight preference for long positions, caution is advised due to the overbought conditions indicated by the RSI on the daily timeframe, which is above 70. The 1-hour and 15-minute timeframes show more neutral RSI values around 53 and 55, suggesting that a potential entry point may be approaching as the market stabilizes.
coinglass_data: Real-time data from Coinglass indicates that open interest is currently stable, with a weighted funding rate suggesting a slight bullish bias. Liquidation levels are also being monitored closely, as any significant changes could impact market dynamics.
binance_data: The order book dynamics show significant buy walls at the $90,000 level, indicating strong support. However, sell walls are forming around $92,000, which could act as resistance. Monitoring these levels will be crucial for timing entries.
coinmarketcap_data: According to CoinMarketCap, the liquidity score remains high, and the market cap is robust, supporting the bullish outlook. The candlestick patterns indicate a potential breakout if the price can hold above the resistance level of $92,902.37.
sentiment: Market sentiment analysis from Augmento.ai shows a predominantly positive outlook among traders, with many expressing confidence in Bitcoin's upward trajectory. This sentiment aligns with the bullish news cycle and technical indicators.
cryptocompare_data: Recent news and social media sentiment from CryptoCompare reflect a growing interest in Bitcoin, with many discussions centered around its recent price movements and potential for further gains.
Technical Analysis: The current technical indicators suggest a strong bullish trend, particularly on the daily timeframe. The RSI is above 70, indicating overbought conditions, while the 1-hour and 15-minute timeframes show more neutral indicators. The price is currently above the 20-day EMA, and if it breaks above the resistance level of $92,902.37, it could signal further upward momentum. Conversely, a drop below the support level of $89,685.27 may indicate a reversal.
Given the current market conditions, it is advisable to consider entering a LONG position if the price stabilizes above $91,000, with a focus on profit-taking strategies and setting stop-loss orders to protect gains.
TRADE RECOMMENDATION
json { "OUTCOME": "OPEN_LONG", "STOP_LOSS": "$89,685.27", "TAKE_PROFIT": "$92,902.37", "CONFIDENCE_LEVEL": "82%", "EXIT_POINT": "$91,456.00", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "below 70", "MACD": "above 0" }, "CURRENT_OPEN_LONG_POSITIONS": 0, "CURRENT_OPEN_SHORT_POSITIONS": 0 }
XCN + 333%? X4 IS WAITING FOR IT IF THIS CONFIRMS.Last time Onyxcoin (XCN) had a Bullish divergence on RSI and make a Golden cross. it made a +383% in 5 waves making the 1st wave on the bigger cycle. (152 ds).
Wave 2 a correction ( 152 ds), corrects as Elliot says to the 4th of a minor degree.
And now that the Wave 3 seems to start, we break the descending channel and made a Golden Cross. We have the bull impulse until Feb/Mar 2025.
To confirm this we need the break out on the RSI.
And remember that Wave 3 usually is the strogest of all, we will find out on OCTOBER ;)
Cheers!
Alikze »» FTM | Wave 3 or C super cycle scenario - 2D🔍 Technical analysis: Wave 3 or C super cycle scenario - 2D
- In the analysis presented in the previous post in the weekly time frame, it was mentioned: it is suspicious of a head and shoulders pattern.
- So far, according to the previous analysis, the first target (supply zone) has been touched and it is currently above the target zone.
- In the analysis presented in the 4-hour time frame, it had a zigzag pattern, which is in wave one of three.
- In the daily time frame, it is located in an ascending channel, the previous corrective wave was able to form a reversal pattern in the range of 0.23 fibo.
- Therefore, I expect that it will face demand in the Buyer Zone and continue its growth with the failure of the middle of the channel up to the ceiling of the ascending channel.
In addition, after breaking the ascending channel, it will have the ability to reach the red box area (supply area).
So this bullish wave is wave 3 or big C, which will have the ability to grow up to the indicated ranges.
💎 Alternative scenario: If the Buyer Zone is broken and stabilizes below it, it can touch the 0.23 Fibo range again.
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OKX:FTMUSDT
Alikze »» SEI | Wave 2 out of 3 bullish scenario - 1D🔍 Technical analysis: Wave 2 out of 3 bullish scenario - 1D
- It is moving in an ascending channel in the daily time frame.
- In the previous post, it was mentioned that there will be a modification to the green box, which was met with demand after the collision between the bottom of the channel and the blue box.
💎 Therefore, according to the momentum and pullback to the broken swing, it can crown the supply area of the targets specified on the chart with a break.
💎 Currently, according to the structure and behavior, it is in wave 1 of 3.
💹 Support LVL: 0.39
⚠️ In addition, if the previous bottom of the blue box range is touched again and there is stabilization below it, the bullish scenario will be invalidated.⚠️
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BINANCE:SEIUSDT
ORDIUSDT PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is ORDI on the daily timeframe. The system has just flipped short, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again. Only then do we enter the market on the long side.
We can also see that the price has just dipped below the 0.0.618 Fibonacci level (all-time). This means two things:
1. The system signals that we should wait.
2. The price is below this key level, which is a crucial support zone.
Conclusion: We wait for two confirmations:
The system flipping long.
The price reclaiming the 0.618 Fibonacci level as support.
Patience is key, so we’ll check this chart again tomorrow.
Stay safe!
FTMUSDT PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is FTM on the daily timeframe. The system has just flipped short, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again. Only then do we enter the market on the long side.
We can also see that the price has just dipped below the 0.786 Fibonacci level (all-time). This means two things:
1. The system signals that we should wait.
2. The price is below this key level, which is a crucial support zone.
Conclusion: We wait for two confirmations:
The system flipping long.
The price reclaiming the 0.786 Fibonacci level as support.
Patience is key, so we’ll check this chart again tomorrow.
Stay safe!
Will XRP Price Surpass All-Time Highs Amidst SEC Legal Troubles
The cryptocurrency market has recently been on a rollercoaster ride, with Bitcoin and Ethereum leading the charge. However, another cryptocurrency, Ripple (XRP), has recently stolen the spotlight with its remarkable price surge. The digital asset has seen a significant uptick in value, surpassing the $1 mark, fueled by a combination of factors, including legal victories for Ripple against the SEC and positive developments in the regulatory landscape.
The Ripple vs. SEC Battle and Its Impact on XRP Price
One of the primary catalysts for XRP's price surge is the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC). The SEC has accused Ripple of conducting an unregistered securities offering by selling XRP tokens. However, recent court rulings have favored Ripple, increasing investors' optimism.
A favorable outcome in the Ripple vs. SEC case could have a profound impact on the cryptocurrency industry as a whole. It could set a precedent for future regulatory clarity and potentially pave the way for wider adoption of cryptocurrencies. As a result, investors have been flocking to XRP, driving its price higher.
Favorable Regulatory Shift and Its Implications for XRP
In addition to the legal developments, many countries worldwide are adopting a more favorable stance towards cryptocurrencies. This regulatory shift is creating a more conducive environment for the growth of the cryptocurrency industry, including XRP.
As more countries implement clear and supportive regulations, it could lead to increased institutional adoption of cryptocurrencies. This, in turn, could drive significant demand for XRP, further boosting its price.
Technical Analysis: A Bullish Outlook for XRP
From a technical analysis perspective, XRP's price chart is displaying a strong bullish trend. The cryptocurrency has broken through key resistance levels and is now trading above its 200-day moving average. This suggests that the bullish momentum is likely to continue in the short to medium term.
However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Therefore, investors should exercise caution and conduct thorough research before making any investment decisions.
How High Can XRP Price Go?
Predicting the exact price target for XRP is challenging, as it depends on a variety of factors, including the outcome of the Ripple vs. SEC case, broader market sentiment, and future regulatory developments.
However, given the current bullish momentum and positive market sentiment, it is not unreasonable to expect XRP to reach new all-time highs in the coming months or years. Some analysts have even speculated that XRP could potentially reach $10 or even higher in the long term.
Conclusion
The recent surge in XRP's price is a testament to the growing interest in the cryptocurrency and the positive developments surrounding Ripple. As the legal battle with the SEC unfolds and regulatory clarity emerges, XRP could continue to outperform other cryptocurrencies. However, investors should approach XRP with a long-term perspective and be prepared for potential price fluctuations.
It is crucial to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
Hey Trading Fam! ALGO at a Pivotal Moment – What’s Next?Hey trading family, let’s break this one down. Algorand (ALGO) looks ready for a potential move up to $0.26. From there, we could see a correction, but how deep could it go? Here’s what we’re watching:
Scenario 1: A correction could take us back down to levels like $0.21 or even as low as $0.15 – stay sharp!
Scenario 2: If $0.26 doesn’t hold as resistance, we could break higher and run all the way up to $0.42.
This setup is worth watching closely. What’s your move here? Let’s trade smart and adapt to what the market gives us.
Like, comment, and share your thoughts below to keep the conversation going! Got questions or your own analysis? Send me a DM – let’s connect.
Mindbloome Trading // Kris
Trade What You See.
XRP thesis with RAG AI by Titan_KarmaAs we analyze XRP in the context of a 12-hour investment thesis, the current market conditions appear favorable for entering a LONG position. The recent bullish trends in both XRP and Bitcoin suggest a potential upward movement, especially as XRP approaches the critical resistance level of $1.20. The strong trading volume of 508,248,138 indicates significant interest from traders, further supporting the bullish sentiment.
In terms of technical analysis, the daily chart shows an RSI of 85.13, indicating overbought conditions, while the 1-hour and 15-minute charts suggest potential consolidation. This could mean that while a LONG position may be advantageous, caution is warranted as the price nears resistance levels. The historical data also supports a bullish outlook, with XRP recently reaching a high of 1.1865, suggesting that if the price remains above $1.1200, it could signal continued bullish momentum.
coinglass_data: Real-time data from Coinglass indicates a healthy open interest and a positive funding rate, suggesting that traders are leaning towards LONG positions. Liquidation levels are currently stable, which may provide a conducive environment for entering a LONG position.
binance_data: According to TradingView and CoinMarketCap, expert predictions for scalping investments today are optimistic, with several analysts recommending a LONG position based on the current market dynamics.
coinmarketcap_data: CoinMarketCap reports a liquidity score that reflects strong market conditions, with a notable increase in trading volume over the last 24 hours. The market cap remains robust, indicating a healthy trading environment for XRP.
sentiment: Augmento.ai's sentiment analysis shows a predominantly positive sentiment towards XRP, with many traders expressing bullish expectations in social media discussions.
cryptocompare_data: CryptoCompare's latest news highlights the growing interest in XRP, particularly in light of recent regulatory developments that may favor its price movement.
Technical Analysis: The current technical indicators suggest a strong bullish trend, but caution is advised due to the high RSI levels. The price is approaching key resistance levels, and traders should monitor for potential pullbacks. The volatility index indicates moderate volatility, which could present opportunities for scalping.
In conclusion, the analysis suggests that entering a LONG position could be beneficial, but traders should remain vigilant for signs of reversal or consolidation.
TRADE RECOMMENDATION
json { "OUTCOME": "OPEN_LONG", "STOP_LOSS": "$1.10", "TAKE_PROFIT": "$1.25", "CONFIDENCE_LEVEL": "82%", "EXIT_POINT": "$1.20", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "below 70", "MACD": "above 0" }, "CURRENT_OPEN_LONG_POSITIONS": 0, "CURRENT_OPEN_SHORT_POSITIONS": 0 }
BTC short ideaIf Bitcoin reaches $90,000, there may be potential for a short-term pullback due to a stop-loss (SL) hunt scenario, where larger market players could push prices up to trigger stop orders before initiating a drop. For this short position, watch for signs of exhaustion around $90K on shorter timeframes, or look for bearish confirmation such as a rejection pattern or increased selling volume after a wick above key resistance.
Using a tight stop-loss just above $90K can manage risk if the SL hunt causes volatility.