Cryptomarket
BTC Technical analysis:Bitcoin's 2-hour chart shows a period of consolidation after a notable dip and subsequent recovery. The price is currently holding above $60,000, indicating some stability, but the RSI is hovering around 50, suggesting a lack of strong momentum in either direction. The MACD shows a bearish crossover with the histogram in the red, which could signal potential downward pressure if bulls don't step in soon. However, the overall picture suggests we're in a wait-and-see phase, with price action potentially coiling for a bigger move. Keep an eye on key support levels around $58,000 and resistance near $62,000.
FET longAfter weeks of bleeding, finally utility tokens show some sign of life.
NYSE:FET has great fundamentals, it is a leader of the AI token narrative, and started a reaction from a price level that marked a previous weekly resistance.
Let's hope it becomes a support.
Trade Setup: AR Long PositionMarket Context:
AR, a strong utility token, is holding up well and breaking through an important resistance level, flipping it into support. This indicates strength and presents a potential trading opportunity.
Trade Setup:
Entry: Long trade around $23.
Take Profit:
First target: $28
Second target: $35
Stop Loss: Around $19.5.
📊 This setup capitalizes on the strength shown by AR in a risk-off environment. Manage risk effectively, and watch for confirmation of the support holding. #AR #CryptoTrading #UtilityToken
BTC Trend AnalysisCRYPTOCAP:BTC is currently trading around $60,410 after a recent drop from the $61,000 level. The 1-hour chart shows that BTC faced resistance near $61,500, leading to a downward correction. Immediate support is found around $60,000, with a further drop possibly targeting the $59,000 level. On the upside, a break above $61,500 could push BTC towards the next key resistance at $63,000. The market is currently indecisive, so keep an eye on these levels for potential breakout or breakdown signals.
Tectum : Uptrend in the medium termTrading Setup:
A Trading Signal is seen in the TETUSDT Tectum (h4) (futures)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 7.635
⭕️SL @ 6.345
🔵TP1 @ 11.558
🔵TP2 @ 13.940
🔵TP3 @ 16.230
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
SNXUSDT / TRADING BELOW TURNING LEVEL - 4HSNXUSDT - 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.557 .
Downward Condition: With the price holding steady at the current turning level at 1.557 , it is likely to decline towards the support level of 1.445. If it stabilizes below this level, it could then reach the next target level of 1.284 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.557 , leading to a rise toward the resistance level (1) at 1.660 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.767 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.660 .
RESISTANCE LEVEL (2) : 1.767 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.445 .
SUPPORT LEVEL (2) : 1.284 .
TURNING LEVEL : 1.557 .
Coinbase (COIN): Anticipating the Next Big MoveNearly five months ago, we shared our last analysis on Coinbase, predicting a 30-40% drop.
And guess what? We saw a 40% decline. At that time, many were bullish on COIN and the broader crypto market, but we opted to wait and watch. In hindsight, this cautious approach was clearly the right move, especially given the higher time frame of our analysis.
Since then, we've climbed out of that zone, and everything seems to be progressing well. We're now looking for a 5-wave structure to the upside to complete Wave 5 and, consequently, the first cycle. Our target range for COIN lies somewhere between $286 and $412, but we believe the most likely range is between $290 and $325.
Currently, we have some swing positions open in cryptos, and we're not looking to enter Coinbase at this moment. However, either in the near or distant future, we plan to make a move. Specifically, our target for the big Wave (2) is the imbalance between $160 and $115, but it’s still a long journey before we reach those levels.
LTCUSD / REMAIN BELOW TURNING LEVEL - 4HLTCUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 68.30 .
Turning Level: The price is currently trading below this level around 68.30 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected.
Resistance Level (1): around 73.17 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 68.30. If the price reaches 73.17 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 76.44 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 79.83 .
Support Level (1): As long as the price remains below the turning point of 68.30, it suggests a drop towards 61.62 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 57.61 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 52.93 .
Channel Trend: the trading rate within the descending channel.
TARGET LEVEL :
RESISTANCE LEVEL : 73.17, 76.44 , 79.83 .
SUPPORT LEVEL : 61.62 , 57.61 , 52.93 .
PEPEUSD / UNDER UPWARD PRESSURE - 4H PEPEUSD - 4H TIME FRAME
HELLO TRADER S
Tendency , prices is under upward pressure , until trading above turning level at 0.000007
Upward Condition : The price is currently showing bullish momentum. As long as it stays above the turning level of 0.000007 , it is likely to move upward toward the resistance levels at 0.000008 and then 0.000009 .
Downward Condition : To reach the 0.000006 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 0.000007 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 0.000005 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 0.000008 .
RESISTANCE LEVEL (2) : 0.000009 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 0.000006 .
SUPPORT LEVEL (2) : 0.000005 .
TURNING LEVEL : 0.000007 .
BCHUSD / INSIDE ACCOMULATION ZONE - 4HBCHUSD - 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 322.79
Upward Condition : If the price remains stable at the turning level at 322.79 , it is expected to rise toward the resistance level of 355.50 . Should it hold above this level, a tend to further rise to reach resistance level at 400.97 .
Downward Condition : To reach the289.29 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 322.797 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 264.16 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 355.50 .
RESISTANCE LEVEL (2) : 400.97 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 289.29 .
SUPPORT LEVEL (2) : 264.16 .
TURNING LEVEL : 322.79 .
BTC SHORT The chart indicates a potential move where Bitcoin (BTC) is currently testing an area of interest around 60,715.9 USDT. The price is approaching a key resistance zone marked as MMSM, which could provide a selling opportunity if the price fails to break above it convincingly.
Trade Setup:
Stop Loss: Place a stop loss just above the 62,500 USDT level to protect against potential false breakouts above the resistance zone.
The initial target for this trade would be around the 55,940.7 USDT level, where there is an imbalance wick, which could serve as the first point of profit-taking. Further downside targets could be around the 48,889.4 USDT level, representing a more extended move.
Risk/Reward: This setup offers a favorable risk/reward ratio, as the downside potential outweighs the risk if the resistance level holds.
Additional Notes:
- If price breaks and holds above the 62,121.2 USDT level, reconsider the short idea as it would invalidate the current bearish setup/structure.
(DXY) Dollar Index - Looks BearishDXY broke the symmetrical triangle on the 1D timeframe, breaking the previous low.
I believe that a bearish trend is starting in the short term, if this is confirmed it could be beneficial for the crypto market.
AVAXUSDTAvax daily time frame analysis
Avax must first break out of the $33 resistance to become bullish. Otherwise, the best time to buy support is 8.61-9.83, which can be a very good support for long-term buying.
TRXUSDT🚨 Trading Signal Alert 🚨
Hello, traders!
I’ve just updated my chart with a new set of indicators designed to identify key buying and selling opportunities. The vertical lines on the chart serve as clear signals:
🔴 Red Lines - Selling Phase: These lines indicate the beginning of a downward trend, suggesting it’s time to consider taking profits or shorting. Key dates for selling include:
• September 5, 2024
• November 10, 2024
• December 20, 2024
• March 2, 2025
🟢 Green Lines - Buying Phase: These lines mark the start of an upward trend, signaling an ideal time to open long positions. Key dates for buying include:
• October 2, 2024
• November 30, 2024
• January 6, 2025
This setup is based on a combination of trend analysis, momentum indicators, and predictive modeling. The goal is to help you make informed decisions by clearly visualizing the market’s potential turning points.
Always remember to combine these signals with your own analysis and risk management strategies for optimal results.
Aug 21Overview:
There were no surprises in the Fed’s meeting minutes. "Officials were confident about the direction of inflation and are ready to start easing policy if the data continues to cooperate." However, too many traders are interpreting this as “on September 18th, my $stonks go up.” Don’t be one of them.
VANTAGE:SP500 posted another green candle, but momentum is slowing as it approaches its ALH, now just 0.82% away. We might see it by the end of the week, reducing the chances of $ BINANCE:BTCUSDT BTC crashing this weekend.
$63.2k is still a possibility for BINANCE:BTCUSDT BTC as it slowly inches closer, needing only a 4.28% increase over the next 2-3 weeks.
W: Heading to close this week green. No divergences.
D: Finished Wednesday strong, posting a green candle, solidifying the BB MA breakout, and escaping the $60.2k level, which should now turn into support. Expecting to close the week between $60.2k and $63.2k.
4h: No divergences. Range trading.
1h: No divergences. Range trading.
Alts Relative to BTC: No divergence relative to BINANCE:BTCUSDT BTC.
Bull Case: Same as yesterday. We’ve likely passed the bottom (or an intermediate bottom), and with the booming VANTAGE:SP500 , expected rate cuts each month, and more institutional money flowing into risky assets in September, we should continue marching up. IPO stocks, small-cap tech stocks, and crypto are poised to benefit.
Bear Case: Same as yesterday.
Fear and Greed Index: Slowly trending higher, now almost exactly in the middle at 49.59. Untradeable.
Prediction: Close this week green, then grow to $63k next week before a drop.
Opportunities:
BINANCE:UNIUSDT UNI Expected to complete its move to $7.52, offering a 7.87% gain.
BINANCE:ARUSDT AR, BINANCE:APTUSDT APT, BINANCE:TAOUSDT TAO Have shown better price action in the last couple of days and may continue trading higher next week, as BINANCE:BTCUSDT BTC stays within its range. These moves are not indicator-driven, so proceed with extreme caution and tight stop-losses.
$DADDY forecast (part 1) “LateAtNight on bed looking at charts”"IF" $DADDY is really going to the moon we can expect something like this.
> More than likely we can expect the daily low getting cooked with a wick, but no body closure. (0.04831)
> After the low gets cooked price can trade back into the previous range. (Yes, "can"we don't assume or hope; we trade what we see, not what we think. Based on this being a HTF long-term forecast, anything is possible. I am charting what I see as likely to occur when price approaches these areas.)
(These price tags indicate my personal expectations for possible turn arounds/ targets in price.)
> We want to see price close above the daily fractal high, located at (0.07449) for a potential pullback and then continuation to the upside.
> (0.16529) can have a larger pullback than what l drew, but I can rather see a smaller pullback to then head to the
(0.19585) area and then for price to push back to the (0.12458) “area” and then trade higher. (note: price can go a little bit lower than (0.12458) before trading higher back to those highs, to eventually violate them.
- ChartMarkup done on mobile phone.
August 22nd, 2024
Fetch AI Gartley PatternFetch AI (or ASI, depending on Binance's ticker update) has been in a consistent downtrend from its peak at $3.48. It appears in a bottoming range, forming a classic Gartley pattern.
Key Levels to Watch:
Immediate Test Levels: The price will likely test the $1.00 - $1.18 range soon.
Accumulation Range: Any pullback to the accumulation zone between $0.70 - $0.94 would present a strong buying opportunity.
Targets Upon Breakout:
Target 1: $1.76
Target 2: $2.41
Target 3: $3.10
Risk Management:
Stop Loss: Set at $0.50 to manage downside risk.
A close above the downtrend line will confirm the breakout, potentially driving the price towards the T1 and T2 targets. Keep an eye on any pullbacks into the accumulation range, as these could provide optimal entry points for a potential upside move.
BTC Technical analysisIt looks like Bitcoin has formed a rising wedge pattern on the 2-hour chart, which typically indicates a potential bearish reversal. The pattern has already reached its second top, and the price seems to be breaking down from the wedge. The target for this breakdown could be around $56,000, which aligns with the support zone from earlier price action. The RSI is near overbought territory, suggesting that the momentum might be fading, and the MACD is showing early signs of a bearish crossover. Keep an eye on the volume to confirm this breakdown; if it picks up, we might see a sharper decline.
Trade Setup: BEAM Long PositionMarket Context:
BEAM is currently testing the top of the range support level. A break and retest of this zone could provide a strong opportunity to enter a long trade.
Trade Setup:
Entry: Spot trade at the break and retest of the $0.0138 - $0.0140 level.
Take Profit:
First target: $0.019 - $0.021
Second target: $0.029 - $0.0318
Stop Loss: Just below $0.0135.
📊 Wait for confirmation of the break and retest before entering the trade. #BEAM #CryptoTrading #TradeSetup 🎯
Trading Signal For XRPUSDT Trading Setup:
There is a Trading Signal to Buy in XRPUSDT XRP (h4) (spot)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.655
⭕️SL @ 0.620
🔵TP1 @ 0.755
🔵TP2 @ 0.820
🔵TP3 @ 1.000
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
Trading Signal For BRETTUSDT Based Trading Setup:
There is a Trading Signal to Buy in BRETTUSDT Based (4h) (futures)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.0830
⭕️SL @ 0.0708
🔵TP1 @ 0.1165
🔵TP2 @ 0.1369
🔵TP3 @ 0.1924
#cryptosignal #Crypto
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
Aug 20Overview:
For the first time in the last six trading days, the S&P 500 closed with a red candle (-0.20%), even though its wick extended higher than the previous trading day. The key macroeconomic event to watch this week is the release of the "Minutes of the Fed's July FOMC meeting" on Wednesday, which will provide insights into the discussions and debates among Federal Reserve officials, revealing their views on the current state of the economy.
Overall, this week might be relatively calm as the market anticipates potential rate cuts, election outcomes, and TradFi executives wrapping up their vacations. For example, much of Western Europe essentially shuts down in August, with many French citizens heading to the south of France, Germans traveling to Turkey, and Italians and Spaniards taking a more relaxed approach to work all year round.
By the way, it's been a while since we’ve seen any major hacks or rug pulls in the crypto space. Imagine running the 15th largest crypto exchange and starting to see diminishing returns as enthusiasm for the current bull run fades. You also notice more consolidation among the top 2-3 CEXs, while DEXs are gaining traction and cutting into your profits. This grim outlook might lead to some troubling thoughts cooking up. Although FTX filed for bankruptcy on November 12th, and BTC at that time dropped by 70%, we still have time to make informed decisions as we sit at the end of August. Remember: not your keys, not your crypto ...cough ...cough Lido...
Alts Relative to BTC:
Alts haven’t diverged much from BTC, but on the 4-hour chart, ETH shows a small MACD divergence between Sunday the 18th and Tuesday the 20th, with SOL showing it even more clearly. This suggests that while BTC remains within its daily range, alts are showing more weakness. Only AR and TAO have shown positive price action in the last two days. We know about the Grayscale news regarding the TAO trust, but what’s driving AR?
In the DeFi sector, AAVE continues to pump.
Bull Case:
We’ve reached the bottom and are now heading upward. Alts are already at their lows, and major institutional investors and governments haven’t even started accumulating the new digital gold. The world’s major economies are relatively healthy, and in 3-4 years, we might look back at 2024 as the bottom and the end of the "COVID economy." More money could flow into risky and alternative assets like crypto.
Bear Case:
Despite the macro outlook, crypto has likely reached its intermediate bull run, driven mainly by ETF demand without any major crypto breakthroughs or new use cases like DeFi. In reality, only a few market participants hadn’t yet entered the crypto space and needed an institutional vehicle like an ETF.
Fear and Greed Index:
45.39. The index has flattened over the last three days, mirroring BTC’s price, indicating neither strong buy nor sell opportunities.
Weekly: Range trading, slowly moving toward the BB MA, which it may reach within the next two weeks (conveniently the last two weeks of August).
Daily: BTC continues to trade within its daily range. It broke above the BB MA, but no significant pump followed. Bulls appear weak and may need more accumulation, a "whale push," or this might not be the time. Was it a fake-out?
4-Hour: Range trading, no divergences.
1-Hour: Range trading, no divergences.
Prediction:
Range trading with a possible spike up to $62k.
Opportunities:
SOL: Shows a bearish divergence on the 4-hour timeframe but could quickly reverse if BTC prints a green candle.
TON: Has completed the "Motive" part of Elliott’s wave pattern. In about 40 hours, it might finish the B wave, presenting a short opportunity that could last through the entire C wave down.
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