BAL / USDT - BullishShow some strong signs:
1: Fake breakout at 3.620 level
2: Fake breakout at last high 3.496
3: wait for VWAP breakout
If VWAP breakout and hold
Target
1. 200 MA
2. high at 4.187
Cryptos
XRPUSD: Start accumulating. Big move incoming.XRPUSD is neutral on the 1D technical outlook (RSI = 51.497, MACD = 0.005, ADX = 27.267) as the price is consolidating on the 1D MA50, corresting October's rise. We are expecting a few more days of consolidation as the accumulation pattern appears to be similar with February's and early March. On both patterns the presence of a LH trendline serves as a bullish trigger signal once crossed. It is a Triangle formation just as the RSI is inside a Cup. Our target if the LH trendline breaks, will be the R1 level (TP = 0.9200).
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STXUSD: Start of a parabolic rally.Stacks is rising after forming a Golden Cross on the 1D timeframe and turning highly overbought (RSI = 81.130, MACD = 0.059, ADX = 31.757). This comes after a major bullish breakout yesterday as the price crossed over the LH trendline of the December 1st 2021 All Time High. This indicates that the token has officially entered its new Bull Cycle and the onyl pattern that is emerging so far is a Channel Up.
Initially we expect this wave to target the 0.786 Fibonacci level (1.8700) and after a pullback, we will aim at the +535% total rise (TP = 2.5000).
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Bitcoin Is Breaking HigherAs expected, Bitcoin with ticker BTCUSD is breaking higher and we can see strong rise now, with some sharp extensions to 40k level. Notice that we see price in fifth wave, about we talked in our past updates when we were tracking fourth wave consolidation. Well, bitcoin is now moving out of that fourth wave now, with a strong and sharp reaction, so fifth wave can be even looking for resumption up to 43k-44k area where bulls can slow down, after five subdivisions within the current fifth wave. So as long as the market is trading above short-term 38424 invalidation level trend is up. But keep in mind that after every five waves, the cycle can change, so it can be a bit too late for any potential longs in the short-term. But longer-term trend is up, and will likely resume, especially after higher degree retracement.
INJUSD Has bottomed and is targeting 33.000Injective is on very stable technicals on the 1D timeframe (RSI = 61.927, MACD = 0.959, ADX = 21.734) as it resumed the rise, keeping clear of the 1D MA50, which remains the Support since since September 29th.
The 1D RSI shows that the market is replicating the early 2023 price action on a fractal which after reclaiming the 1D MA50, it rallied to the 1.5 Fibonacci extension. We therefore turn bullish again, aiming at the 1.5 Fib (TP = 33.000).
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BTCUSD: Right where it's supposed to be.Bitcoin is on the very healthy bullish technicals on the 1D timeframe (RSI = 60.823, MACD = 1089.300, ADX = 23.103) extending a controlled uptrend. The 1W timeframe remains overbought though (RSI = 74.426) as there has been no hard correction since mid August. Perhaps the relief in late weeks is an attempt of 1D to neutralize the overbought state on 1W without a strong correction.
Regardless of this, Bitcoin is right where it's supposed to be when compared to the previous Cycles. On this chart you see the harmonic structure of every bottom that leads to cyclinder pattern that ultimate paves the wave for the end of Cycle rally.
There has always been one extreme event' crash on every Cycle, after which the market bottomed and never looked back. It was COVID and Bitfinex before, this time we had FTX and now the market shouldn't break the 1W MA50 again before the next Bear Cycle starts. All that's left now to do is see how close the price will be to the 1W MA50 in the next Halving (April 2024) as from that point onwards the parabolic rally can start any moment.
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ETHUSD: Golden Cross consolidation, before the rally to $2440.Ethereum is marginally bullish on the 1D technical outlook (RSI = 58.849, MACD = 64.500, ADX = 17.549) despite the despite the 19 day consolidation, suggesting strong underlying bullish bias. This shouldn't come as a surprise as the long term pattern has been a Channel Up in the last 12 months and on top of that, a Golden Cross was formed last week on the 1D timeframe.
The last time we had such a bullish formation was during the previous mid HH bullish leg consolidation on February 8th. After almost 2 months of ranged Rectangular trading, the price resumed the bullish trend and topped a little over Fibonacci 1.5. Being right now exactly on the middle of the Channel Up, we spread the risk by taking a buy position now, targeting the 1.5 Fibonacci level (TP = 2,440) near the top of the pattern.
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Ethereum Is Eyeing April Highs After A PullbackHello Crypto traders! In today’s article we want to update Ethereum chart with ticker ETHUSD. We already talked about a nice bullish turn from the support in the past updates, where we have been tracking a new five-wave bullish cycle.
As you can see today, ETH made nice and clean five-wave recovery, which indicates for more upside, at least towards the April highs and 2200 – 2300 area or maybe even higher. However, currently we can see it making a new corrective setback, so after a triangle corrective pattern or deeper A-B-C correction that can retest 1900 support, be aware of more gains. If ETH slips below 1870 level, then correction can go deeper and more complex with the next support around 1800 – 1750 area.
One of the main reasons why ETH can stay in uptrend is also because of the bullish ALTcoins in current ALTseason.
XRP ForecastKeep an eye out for XRP in its current area, if we see it test the the support line and not break it, then I would be in for a long term buy position. If it decides to start its bull run from its current position then I would also go in for a long term buy. Either way the future is looking bright for ripple and all of crypto with all this economic uncertainty.
KASUSD: The rally isn't over. Price can double.Kaspa is having one of the most aggressive rallies in the high capitalization category, positng the strongest weekly gains on the fifth straight green week. The 1D timeframe is obviously overbought (RSI = 86.789, MACD = 0.016, ADX = 53.378) but this rally can extend more based on the previous bullish sequence inside the annual Channel Up.
More specifically, the previous HH was made approximately on the 2.5 Fibonacci extension. In the meantime the 1W RSI peaked on a HH trendline. We have a similar pattern that is being followed currently so we expect KAS to reach again the 2.5 Fibonacci level and that's our target (TP = 0.28000) soon in order to form the new HH.
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The Last Time This Happened BTC Move From $9.5k to $63k.Bitcoin's weekly close above the Ichimoku Cloud is very significant. I wrote about this same event back in January 2020:
This is likely the beginning of the next expansion and bull phase.
If this scenario plays out, then a return to the ATH sometime around the last half of June 2024 and the first have of July 2024 is likely, with a new Top/ATH established somewhere between Nov 2024 and Feb 2025.
CHZ/USDT Secondary trendLogarithm. Time frame 3 days. Secondary trend. Downward channel.
After the rebound, the price is squeezed in a narrow 124-144 zone. The chart shows the percentages to the key support/resistance levels from this price squeeze zone.
Risk Management.
It is worth noting that the price of the coin is at a super profit, I have clearly shown this on the chart, which shows the entire main, long-term trend (the entire trading history). Consequently, when working on a coin, you need to keep this in mind and limit potential losses. Observe the risk management.
A local trend. The time frame is 1 day.
CHZ/USD Local trade. Pivot zone.
Main trend Time frame 1 week.
ETH Trade setup for 14th Nov 2023Eth has been bullish compared to BTC, so for me to trade this pair because it refused to make lower low but it also still took out some lows as an inducement to go short however, that's not the actually direction. It's direction is bullish to offset short traders. My possible scenario is for the market to trade into my zone at about 9:30am NY time today, then I can see what price is doing. If there be reasons to go long or short.
Ethereum Is Pointing Higher For Wave 5 or 3Ethereum is coming nicely higher as expected based on Elliott wave theory and it's now even extending the rally on the news that Blackrock Ethereum ETF plan is confirmed in the Nasdaq filing. On a daily chart, there's a chance it's trading in wave (5) of a potential leading diagonal formation or alternatively maybe even in wave (3) if we see a decisive break above upper leading diagonal line. However, in both cases there's still room at least up to 2200 - 2300 area to complete a five-wave bullish cycle in the 4-hour chart, so more gains can be seen, just be aware of short-term pullbacks.
AVAX/US DOLLAR These are levels that I'll be keeping an eye on when dealing with BINANCE:AVAXUSD , and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals:
Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments.
The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency. *OLD ARTICLE*
.....
Monthly:
1. P.A. broke a key low
2. Demand (untouched) below broken key low
3. Key S/R being revisited for 1st time
4. Key S/R rest within untouched demand
ETHUSD Is Trying To Breakout ETHUSD is coming higher after three waves down from 2023 highs, which can be wave 4 within a higher degree leading diagonal. Notice that price is trying to break out of a downward channel as well, so it seems that bulls can be in play and ready to gain much further, especially now when risk-on is back after FED and NFP data last week showed that rates are about to top.
Join me in web here on tradingview today at 15cet.
Grega
WEMIXUSD Major bullish breakout and it's not finished yetWemix / WEMIXUSD is having the strongest 1week candle since September 18th when it crossed over the 1week MA50 and turned it to Support (closed all candles over it).
It has already hit the 0.5 Fibonacci level of the Bear Cycle while crossing over the Falling Resistance, the final Resistance.
This puts the crypto into the new Bull Cycle without any doubts and the two Lower Highs of the Bear Cycle can now be targeted.
Buy now and target 2.800 (Resistance A) and after a 0.5 Fibonacci pull back, buy again and target 4.7500 (Resistance B).
It has to be noted that the market remains massively undervalued under 0.00, showing its immense upside potential.
Previous chart:
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CryptoTime- i just took 4 differents Altcoins in this chart as exemples.
- they are mostly all doing the same.
- Breaking up a long winter market.
- if you repeat this simple chart with your Favorite Token or Coin.
- You will propably see the same.
- if you don't load your bags now.
- Later will surely be too late.
- Choose wisely.
- Don't forget cryptos are faster than you.
- Don't go all in and DCA is always the safer method.
Fortune favors the bold!
Happy Tr4Ding !