Cryptomarket
Alikze »» LDO | Descending channel - 1W🔍 Technical analysis: Completion of corrective leg of bullish angle pattern
- In the weekly time frame, after the formation of a bullish corner pattern in the supply area, it has faced selling pressure.
- It is currently moving in a downward channel, which has encountered demand by touching the second area of the green box.
💎According to the upward momentum, in the first step, it can touch the target of 1.56, which is also the ceiling of the downward channel.
💎 Therefore, after the failure of the descending channel, in the case of Polk to the green box area, it can touch the next targets of 2.34 and the supply area (the previous major ceiling).
⚠️ In addition, if the green box area and Fibo 0.23 of the previous wave break, the bullish scenario will be invalidated.⚠️
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BINANCE:LDOUSDT
DOGE COIN SWING LONG IDEA - MEMECOINDOGE is the leading coin in the meme sector of crypto and occasionally receives direct support from Elon Musk. With Musk potentially in office alongside President Trump, this coin could see significant upward momentum.
Technical Analysis: The price recently broke the bearish trendline that’s been in place since the end of October. During this breakout, we also established a strong daily demand zone. Today, there’s been a notable upside movement following news about Elon Musk's involvement with Trump.
I anticipate a retracement to the daily and 4-hour demand zones, which are aligned with the Fibonacci optimal trade entry area. I’ll look for lower time frame confirmations to enter the trade.
Target: $0.23
Stop Loss: $0.14
AAVE getting the Trump pumpThe past 2 years
Anyone who's been following me for a while knows I have been and continue to be quite bullish on AAVE. My first large buy this cycle having been around $55 in 2022, with additional buys on the way up at $70 and $100. COINBASE:AAVEUSD has been carving out higher highs and higher lows for the good part of 2 years now. Then in July we got a nice bullish engulfing hammer setup off the $90 support level. That set the tone for continued bullishness and set up the next leg that has brought us to where we are at today, currently at $170.
Funnymentals
I am not a fundamentals guy but I think there's some points here that shouldn't be ignored if you're planning on holding this for longer than a short term trade. Aave has proven itself as the best, the largest, and the most trusted DeFi borrowing/lending platform around. As we've often seen with other tech leaders (e.g. Amazon, Google, etc), Aave which was already the largest platform by TVL and market share has only gotten larger and taken even more market share. This isn't by accident. Aave has an absolute superstar team that continues to deliver year after year, rain or shine, bull or bear. I don't see this changing anytime soon.
The Trump partnership
I'm using the term "partnership" very loosely since Aave is a money lego that anyone can build on, but it's important to note that this is the protocol the Trump team decided to build their front-end on. In addition to that, their respective communities are working together on token allocations, which is as close to a partnership as you'll find in the DeFi space.
The Trump pump
With pro-crypto candidates winning across U.S. on election night and Trump, the most pro crypto presidential candidate we've ever had, winning the presidency, this has set up a major tailwind for the crypto space and put a spotlight on Aave. It remains to be seen just how big of an impact this has in the long term, but I know I'm not going to fade it.
TA
Back to the chart technicals, as I said at the start of the post, AAVE has a nice long term bullish chart structure. The way I've been trading this is by having a core position based on the long term setup, and then trading around that core position anytime shorter term setups to present themselves. I've kept this trade simple by going from key level to key level and knowing where my invalidation levels are. The most recent being the $120 major support area. My 1st big price target which I've had marked for the last few years now, sits around around $450. That can change as we get new price action setups, but these are the parameters I'm trading with right now. In the meantime I'll continue watching the short and medium term for new setups to trade around my core position.
Can Solana Maintain Its Surging Momentum as US Election Sparks E
Solana (SOL), the high-performance blockchain, has surged 17% in the past 24 hours, overtaking BNB Chain in market capitalization. This significant price jump comes as the potential for a more crypto-friendly US administration under a new presidency has ignited hopes for the approval of Bitcoin and Ethereum ETFs in the US.
The ETF Effect
The approval of crypto ETFs, particularly those tracking Bitcoin and Ethereum, is seen as a major catalyst for the broader cryptocurrency market. By providing a regulated and accessible investment vehicle for traditional investors, ETFs can significantly increase the flow of capital into the crypto space.
Solana, as a leading blockchain platform, could indirectly benefit from the increased adoption of cryptocurrencies. A surge in demand for Bitcoin and Ethereum could lead to increased network congestion and higher transaction fees on these chains. As a result, investors may seek alternative, more scalable solutions, such as Solana.
Solana's Unique Value Proposition
Solana's high-performance blockchain and its ability to process a large number of transactions per second have made it a popular choice for decentralized applications (dApps) and smart contracts. The platform's unique Proof-of-History consensus mechanism ensures fast and efficient transaction processing.
Furthermore, Solana's strong developer community and ecosystem have contributed to its growth. A growing number of dApps and projects are being built on the Solana network, attracting new users and investors.
Market Sentiment and Technical Analysis
The recent price surge in Solana can be attributed to a combination of factors, including:
• Improved Market Sentiment: The overall positive sentiment in the cryptocurrency market, fueled by the potential for a more crypto-friendly US administration, has benefited Solana.
• Technical Analysis: A bullish crossover of the 50-day and 200-day moving averages has further strengthened the bullish outlook for SOL.
• Increased Institutional Interest: As institutional investors increasingly explore the crypto market, Solana's strong fundamentals and potential for growth have made it an attractive investment option.
Potential Challenges and Risks
While Solana's future looks promising, it's important to acknowledge the challenges and risks associated with investing in cryptocurrencies. Regulatory uncertainty, market volatility, and the potential for hacking attacks are some of the factors that could impact Solana's price.
Conclusion
Solana's recent surge highlights the potential impact of a more crypto-friendly US administration on the broader cryptocurrency market. As the regulatory landscape evolves and institutional adoption continues to grow, Solana's unique value proposition and strong developer community position it well for future growth. However, investors should exercise caution and conduct thorough research before investing in Solana or any other cryptocurrency.
Bitcoin Breaks All-Time High Amid Election-Driven RallyCurrent Status:
Bitcoin (BTC) has surged past its previous all-time high of $73,750, reaching $75,000 in response to the recent U.S. Presidential election results favoring Trump.
Bullish Momentum:
Next Target: If bullish momentum continues, BTC could eye $80,000 as the next resistance level, potentially setting the stage for a broader market uptrend.
Potential Pullback:
Support Zone: If BTC encounters resistance and retraces, a drop to the $66,000 support level—near the 50-day moving average—would still keep the bullish structure intact.
Outlook:
With BTC at fresh highs, bullish sentiment remains strong, but traders should watch for any signs of a pullback near resistance levels. Staying above $66,000 will be key to maintaining upward momentum.
#Bitcoin #BTC #BullishTrend #CryptoMarket
INJ Long Spot Trade (Support Pullback)Market Context: Since Monday, INJ has shown a strong reversal. A minor pullback to the $18.00 support level could offer a favorable entry for a long position if momentum sustains.
Trade Setup:
Entry: Around $18.00
Take Profit:
First target: $20.50 - $24.00
Second target: $28.00 - $31.00
Stop Loss: Just below $17.00 (daily close)
This trade targets further upward movement while maintaining a manageable risk. #INJ #Crypto
THETA Long Spot Trade (Support Pullback) Market Context: Following a sharp two-day reversal, THETA appears poised for a potential continuation if it holds the next support level. A slight pullback to around $1.10 may present a solid entry for a long position.
Trade Setup:
Entry: Around $1.10
Take Profit:
First target: $1.22
Second target: $1.35 - $1.45
Third target: $1.55 - $1.70
Stop Loss: Just below $1.00 (daily close)
This setup aims to capture upside momentum while mitigating downside risk. #THETA #Crypto #Support
BTC bullish breakout sets the stageThe past month
I recently decided to move all of my chart analysis posts from X over to TradingView, so I'm going to be picking up here where I left off over there. The last time I posted about COINBASE:BTCUSD I was watching the long term cup and handle pattern and how price was reacting to the upper resistance area of the handle. For the most part, price had been holding steady just below resistance ( FWB:67K ) then we got the breakout 2 week ago. At that point we have a confirmed breakout of the pattern. Price did pull back quickly but continued to hold above the breakout level which was a positive since, where it's been holding steady until yesterday...
The past day
Yesterday's election gave the catalyst to push BTC back up and to new all time highs. That essentially gives us a breakout, pullback and successful backtest of support which further solidifies this large cup and handle pattern. With all of that said we still use proper risk management as traders.
Looking ahead
As for the bigger picture, I think this sets up BTC for potentially a very large run. Using log targets off the 2021-2024 cup and handle, that gives a price target of just over $300,000. Whether the market will actually reach this target sooner rather than later remains to be seen, but we now have clear parameters to manage our position around. As for invalidation levels, the setup would become at risk if price reversed back below the breakout level in the near term or if price broke below the low of the handle in the long term. To keep the wind under the bulls sails we really want to see price holding above the top of the cup.
Fundamentals
I typically don't focus on fundamentals since I'm mainly a price action trader, but I think the impact of yesterday's elections can't be ignored. Yesterday's elections were one of the most significant fundamental shifts to the crypto space in years, as we saw a huge number of pro-crypto candidates win their seats (2:1 margin over the anti-crypto candidates). In addition to that we saw the most pro-crypto presidential candidate of our lifetime win the presidency. This will likely mark a new era of pro-crypto policy and the removal of some very powerful anti-crypto people, like Gary Gensler. This overwhelming victory for crypto lines up well with the bullish long term price action we've been seeing forming in BTC over the past year.
$COIN $140 before $300+?If you look at the chart, NASDAQ:COIN has broken out of it's downtrend but has now formed a lower high and looks to be set to go lower from here.
I think the most likely scenario here is for NASDAQ:COIN to correct to the $140 area before moving up to the $350 resistance area.
This would also line up with my thinking that CRYPTOCAP:BTC moves down to GETTEX:54K -48k before seeing new highs.
Let's see how it plays out over summer.
$COINBASE as BTC going UP! 3 targets, let´s see.To continue with my theory, Q4 is from the Cryptos.
Q2 and Q3 were stocks, but now is the Crypto moment, and the stocks that will do well in my view are from this sector.
In the case of NASDAQ:COIN we have a Breakout on the Daily RSI, about to do so on the weekly, which would give a confirmation. And we need to break the 200 MA for another confirmation.
So:
Confirmation 1 Breakout MA 200.
Confirmation 2 Breakout RSI weekly.
Stop Loss: At $154.
Targets:
T1: $255.78
T2: $317.92
T3: $399.04
Maximum 5% of the portfolio.
Alikze »» TAO | Ascending corner pattern - 1D🔍 Technical analysis: Ascending corner pattern - 1D
- In the analysis presented in the previous post , in the 4H time frame according to the direction of movement, after the short-term ascending channel was broken, a correction was encountered, which continued until the correction range of $217.
- Demand was met in the range of $217, which has continued its growth by forming a return pattern up to the range of $690.
- Currently in the supply zone, it has formed a bullish angle pattern.
- Therefore, I expect that after breaking from the bottom in the range of $500, it will face demand again and complete the 5-wave cycle up to the ceiling of the channel.
💎 Alternative scenario:
In addition, if the pattern breaks and there is no support in the range of $500, the correction can extend to the green box.
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BINANCE:TAOUSDT
STORJ / USDT Set for a Bullish Breakout! Key Targets in Sight!STORJ/USDT Technical Analysis:
On the 1-hour timeframe, STORJ has confirmed a long trade entry at 0.4484. The bullish momentum is backed by the Risological Dotted Trendline , which signals a strong upward trend. This setup shows potential for a series of target achievements as the price inches closer to critical profit levels.
Trade Summary:
Entry Level: 0.4484
Target Levels:
TP1: 0.4800
TP2: 0.5310
TP3: 0.5820
TP4: 0.6135
Stop Loss: 0.4229
With initial target levels approaching, STORJ’s momentum could bring gains as it heads toward the upper profit marks. Watch for further bullish action!
ICPUSDT - BUY OPPORTUNITYThis one is a low risk - high reward potential for a long-term, equity growth investment.
Considering the future of Ai within the crypto space & blockchain and in general, market growth of Ai to reach trillions of $$$ in the next few years or sooner, the overall growth and future potential integration of Ai within the ecosystem of ICP can help elevate the overall price of ICP - already its implementing Ai introduction within its blockchain and many more applications to follow through in near future. given the reasons, the potential Ai bull run can be explosive for Ai coins and ICP has the greatest potential to overcome its past performance and gain huge growth from here!
My overall investment in this coin is long term hold to potential STP target - I can see this coin to do exponentially well in near future! I will HODL this coin until Ai bull run fully peaks!!!
Pls DYOR and risk only what you can afford to lose! Crypto is extremely volatile and you can lose your entire capital!
Trade Safe Habibis! Good luck to ICP HODLrs LFG!
BITCOIN HEADING HIGHER! BUCKLE UP!!!COINBASE:BTCUSD NASDAQ:IBIT
🚀BITCOIN HEADING HIGHER! BUCKLE UP!!! 🚀
Bitcoin is unstoppable, and the next U.S. President won’t change that! 🌟 +67% Potential!
In our previous video, we did a deep dive into Bitcoin. Here's what we covered:
1️⃣ High Five Setup: MASSIVE Multi-Year Cup & Handle and Bull Flag Patterns.
2️⃣ Historical Review: CRYPTOCAP:BTC tops and bottoms – spoiler: we haven’t topped yet!
3️⃣ Trade Insights: Entry/exit points and price targets.
We've successfully bounced off the BULL FLAG retest area and are heading higher. Breaking $74k could mean a breakout of the multi-year cup n handle pattern, targeting over $100k! 🚀
It's early on election night, but in the long run, it doesn't matter for Bitcoin. Don’t believe the FUD.
NFA
#Bitcoin #Crypto #TradingStrategy #HighFiveSetup
Analyzing the Relationship Between Ethereum and the S&P 500The Fractal Theory and Crypto
The financial markets, often chaotic and unpredictable, can sometimes reveal patterns that repeat themselves over time. This concept, known as fractal theory, suggests that similar patterns can occur across different time frames and asset classes. In recent times, some analysts have drawn parallels between the price movements of Ethereum (ETH) and the S&P 500 index.
The S&P 500 Fractal and ETH
Ethereum's price action may be following a similar pattern to that of the S&P 500 index in 2020.
If this fractal theory holds true, it could have significant implications for the future price of Ethereum. The S&P 500 index experienced a sharp decline in March 2020, followed by a V-shaped recovery. If Ethereum were to follow a similar trajectory, it could potentially surge to new all-time highs.
Key Factors Influencing ETH's Price
While the fractal theory offers an interesting perspective, it's important to consider other factors that could influence Ethereum's price:
1. Network Upgrades: Ethereum's ongoing development, particularly the highly anticipated Shanghai upgrade, could significantly impact its price. This upgrade is expected to unlock staked ETH, potentially increasing market liquidity and driving demand.
2. Global Economic Conditions: Macroeconomic factors, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the price of cryptocurrencies.
3. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and fuel price appreciation. Conversely, stringent regulations could dampen market enthusiasm.
4. Institutional Adoption: Increased adoption by institutional investors can provide significant support to Ethereum's price. As more traditional financial institutions recognize the potential of blockchain technology, they may allocate a portion of their portfolios to cryptocurrencies.
Potential ETH Price Prediction
Based on the fractal theory and other factors, it has been predicted that Ethereum could reach a price of shortly. However, it's crucial to remember that price predictions are inherently uncertain and should be taken with a grain of salt.
Conclusion
While the fractal theory provides an intriguing framework for analyzing Ethereum's price movement, it's essential to consider a range of factors that could influence its future trajectory. As the cryptocurrency market continues to evolve, staying informed and making informed investment decisions remains crucial.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It's important to conduct thorough research and consult with a financial advisor before making any investment decisions.
All-Time High Bitcoin Mining Difficulty Future Bitcoin's mining difficulty has recently reached a new all-time high, a significant milestone that underscores the network's growing security and resilience. This metric, which adjusts every 2016 blocks to maintain a consistent block generation time of approximately 10 minutes, reflects the increasing computational power dedicated to securing the Bitcoin network.
What Does Increased Mining Difficulty Mean?
• Enhanced Network Security: A higher mining difficulty implies that it becomes increasingly challenging for malicious actors to launch attacks like 51% attacks. This strengthens the network's security and protects its integrity.
• Increased Energy Consumption: As more miners join the network to compete for block rewards, energy consumption associated with Bitcoin mining tends to rise. This has sparked debates about the environmental impact of the network.
• Price Volatility: Increased mining difficulty can influence Bitcoin's price volatility. A surge in mining difficulty may lead to price fluctuations as miners adjust their operations to maintain profitability.
Bitcoin Open Interest Surges Ahead of Elections
In the lead-up to the U.S. presidential election, Bitcoin's open interest has seen a significant uptick. Open interest refers to the total number of outstanding futures contracts on a particular asset. A rising open interest indicates increased market activity and potential for heightened price volatility.
Bitcoin Breaks Above $70K
Bitcoin's recent surge above the $70,000 mark has generated considerable excitement and speculation. This milestone highlights the growing institutional interest in Bitcoin as a store of value and a hedge against inflation. However, it's important to note that such rapid price movements can be accompanied by periods of volatility.
"Calm Before the Storm": Anticipating Volatility
The term "calm before the storm" is often used to describe a period of relative tranquility before a significant event. In the context of Bitcoin, it suggests that the current period of relative price stability may precede a period of increased volatility.
Several factors could contribute to this anticipated volatility:
• Election Uncertainty: The outcome of the U.S. presidential election could have a significant impact on global financial markets, including the cryptocurrency market.
• Regulatory Developments: Changes in regulatory policies can influence the price of Bitcoin and other cryptocurrencies.
• Market Sentiment: Shifts in market sentiment, driven by news events, social media trends, or economic indicators, can lead to rapid price fluctuations.
Navigating the Volatile Market
Given the potential for increased volatility, investors and traders must adopt a cautious approach. Here are some tips for navigating the volatile Bitcoin market:
• Do Your Research: Stay informed about the latest news and developments in the cryptocurrency market.
• Diversify Your Portfolio: Spread your investments across different assets to reduce risk.
• Set Stop-Loss Orders: Use stop-loss orders to limit potential losses.
• Manage Your Risk: Avoid overtrading and stick to a well-defined trading strategy.
• Stay Patient: The cryptocurrency market is known for its volatility. It's important to maintain a long-term perspective and avoid making impulsive decisions.
In conclusion, Bitcoin's increasing mining difficulty, surging open interest, and recent price surge highlight the dynamic nature of the cryptocurrency market. While the potential for volatility remains, the long-term outlook for Bitcoin remains positive, driven by its underlying technology and growing institutional adoption.
Technical Analysis and Future Forecast for Dogwifhat (WIF) MemeOverview: Dogwifhat (WIF) has garnered significant attention in the memecoin sector, especially following the successful launch of the DOGS token. This momentum suggests a prevailing trend favoring dog-themed cryptocurrencies during the current Bitcoin bull run.
Price Targets:
Target 1 (T1) : $5.67
Target 2 (T2) : $8.77
Target 3 (T3) : $12.00
Technical Indicators:
W.ARITAs™ Indicator: Our proprietary W.ARITAs™ algorithm , which employs advanced quantum theory techniques to detect irregularities in large datasets, forecasts a strong bullish trend for WIF.
On the 2-day timeframe, the indicator remains in the 'Lime Green' zone, indicating sustained bullish momentum.
Momentum Assessment: Since its launch, WIF has exhibited robust upward momentum, aligning with the broader market's positive sentiment towards memecoins.
Market Correlation: Historically, memecoins have shown a positive correlation with Bitcoin's performance. As Bitcoin approaches the $95,000 mark, we anticipate a corresponding surge in WIF's price, potentially reaching our projected targets.
Conclusion: Based on our comprehensive analysis, supported by the W.ARITAs™ indicator and current market dynamics, we project that WIF is poised for significant growth. Investors should monitor the outlined price targets and consider the prevailing bullish indicators when making investment decisions.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consider their risk tolerance before making investment decisions.
Is Solana the Next Big Crypto to Watch Out For?
Solana's Resurgence: A Potential Bounce
Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike.
A Strong Foundation at $157
The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community.
Technical Analysis: Signs of a Bullish Reversal
A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal:
• Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend.
• Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase.
• Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market.
The Impact of Macroeconomic Factors
The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies.
However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies.
The Future of Solana
Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including:
• Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users.
• Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens.
• Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth.
• Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement.
In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
LTC Daily 50-150 SMA Bullish Cross ImpendingLTC is about to have its 50 sma cross its 150 sma on the daily chart. This is occuring during the rebound of the price action from a support trend line in a rising channel. The price has recently bounced off support at the $64 level. RSI is 44 and turning upward.
BTC has overtaken its resistance also on the daily chart. A rising tide lifts all boats.
Not financial advice.
Do your own DD.
Thanks for looking at the idea.
WIF at $2: A Bargain OpportunityI had to create a new post on this one. There are good chances this week and the next will see sell-offs leading up to the election date.
I'm interested in buying below $2, even if it seems unlikely to reach that level. It’s a price point I’d feel comfortable bidding at, rather than entering in the middle of nowhere.
If it goes below $2, it will clearly invalidate this setup, so I want to position myself closer to my ideal entry levels.
Let’s set alerts and wait patiently.
CRYPTOCAP:WIF