NEIROETH: Completed impulse? Levels to watch!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
There is a potential for an completed impulse up here, not the most ideal look and the 3 wave move up could mean there is a flat in the works...
But I think the main level we have to watch is the 0.1168 area.
A sweep of the level would be ok, but a break of the level could lead to it turning into resistance and a revisit of some lower prices.
Trade Safe,
Trade Clarity.
Cryptotrader
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Killed the impulse up. Doesn't feel natural to label the larger X as such due to the separation of correctives, but it's this or C of running flat.
Either way, the paths lead the same direction.
Impulse up with a corrective to LOI...of interest.
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Link: Signs of life?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bullish Take:
Breakout Possibility: The price has been testing the downtrend line (blue line), and a potential breakout above could lead to a bullish rally.
Key Levels to Watch: The next target after a breakout is the $10.812 level.
Recovery Formation: The price is hovering near a critical support level at $9.910, and if it breaks and holds, this could trigger a bullish reversal.
Bearish Take:
Downtrend Still Intact: The price remains under the blue trendline, suggesting the downtrend is not yet broken.
Support at Risk: If $9.910 fails to hold, the next support lies around $9.329, which could lead to further downside.
Lower High Formation: The chart shows a series of lower highs, reinforcing a bearish sentiment unless a strong breakout occurs.
In summary:
Bullish outlook if price breaks the trendline and moves above $10.812.
Bearish outlook if price breaks down below $9.910, potentially leading to $9.329.
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DOG: Leash Yanked. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bull Thesis:
Five-Wave Structure: A completed five-wave structure labeled as wave (5) suggests a possible end to the correction, followed by a potential bullish impulse.
ABC Correction Completion: The corrective ABC pattern seems to be nearing its end, indicating the possibility of a trend reversal upwards.
Support at 0.0010845: The chart shows significant support around 0.0010845, which could serve as a base for a potential rally if prices hold above this level.
Bear Thesis:
Price Target of 0.0009633: The chart indicates a downside target of 0.0009633, showing potential bearish pressure if the current support levels are broken.
Rejection at Resistance: If the price fails to break above the highlighted resistance areas, a deeper correction could occur, pushing the price down towards the lower support levels.
Strong Resistance Zone: The area around 0.0011732 acts as a strong resistance, and repeated failure to break through could lead to a bearish reversal.
In summary:
Bullish if prices can break through key resistance at 0.0011732 and 0.0010845 and convert them to support
Bearish if prices fail at resistance 0.0010845 and breaks lower towards the 0.0009633 target.
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Dogs: Need to hop this fence. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bull Scenario:
Break Above Resistance: If the price successfully breaks and holds above the 0.0010845 level, it could trigger bullish momentum.
Target Levels: Bulls would aim for higher levels, with potential targets around 0.0012 and 0.00125.
Higher Highs and Higher Lows indicates the trend at the smaller degree is up at the moment.
Bear Scenario:
Rejection from Resistance: If the price continues to reject from the 0.0010845 resistance, it could fall toward key support levels.
Downside Targets: Bears would aim for the first support at 0.0009999 and then the next level at 0.0009741.
Trend Continuation: Breaking the Lower Lows could lead to continuation of the down trend at the higher degree.
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DOGS: Chance for redemption?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bullish Scenario:
What Needs to Happen: The price needs to break above the descending trendline and sustain above the 0.0010845 USDT support level.
Target: Move towards the next resistance levels, potentially higher than 0.0011753 USDT.
Bearish Scenario:
What Needs to Happen: The price fails to break above the descending trendline and continues to respect it as resistance.
Confirmation: A drop below the 0.0010845 USDT support level will confirm further bearish momentum.
Target: Move lower, potentially testing previous lows, and further downtrend continuation.
This analysis hinges on the price action around the descending trendline and key support/resistance levels. Monitoring these areas will provide clues on the next significant move for DOGS/USDT.
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#FLOWUSDT Ready for an Imminent Breakout or Fall? Key Insights Yello, Paradisers! Are you ready for a potential bullish surge with #FLOWUSDT? Let's look at the latest analysis of the AMEX:FLOW and find out what's happening:
💎Currently, #FLOWUSDT is showing strong potential for a bullish continuation from a critical demand zone at $0.519. We’ve been closely monitoring this asset as it follows a falling wedge pattern, and it's attempting a breakout from this formation. The next key target for #FLOW after a successful breakout is the internal minor resistance at $0.725.
💎If AMEX:FLOW can hold firm above this level, we could be on the verge of a significant bullish rally, echoing past market moves. Breaking above the crucial resistance at $0.725 could clear the path toward even higher resistance zones, opening up opportunities for further gains.
💎However, caution is essential. If momentum weakens at this critical demand zone, we might see a pullback to the lower demand area around $0.438.
💎Keep a close watch on #FLOW's price action. A daily close below this demand area could invalidate our bullish scenario, potentially leading to further declines.
Stay focused, patient, and disciplined Paradisers.
MyCryptoParadise
iFeel the success🌴
Is #RENUSDT About to Skyrocket or Sink? Key Levels in FocusYello, Paradisers! Are you ready for the next big move on #RENUSDT? Let's look at the latest analysis of the #REN and see what's happening:
💎We're seeing some strong potential for a bullish continuation from a critical demand zone at $0.0343. We've been closely tracking #REN, which follows a descending channel pattern and seems to be gearing up for a bullish breakout. The next key target to watch after the breakout is the internal minor resistance at $0.059.
💎If #REN holds steady at $0.0343, we could be on the brink of a significant bullish rally, much like those explosive moves we've seen before. A breakout above the crucial resistance at $0.059 could pave the way for a run toward even higher resistance zones—with potential gains ready to take us even further.
💎But caution, Paradisers! If momentum weakens at this critical demand zone, we might see a pullback to the lower support area around $0.0276.
💎Keep your eyes on #REN price action. A daily close below this support could invalidate the bullish scenario and open the door to further declines.
Stay focused, patient, and disciplined Paradisers.
MyCryptoParadise
iFeel the success🌴
DOGS: Rolled over, ready for a new trick or?...If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Dogs followed the path to the down side. Here is the updated 1-hour chart for DOGS/USDT which provides additional clarity on the downward trend and potential reversal points:
Descending Trendline and Resistance Points:
The descending trendline marked in yellow has been tested multiple times (indicated by red circles), reinforcing its significance as a resistance level.
The price is struggling to break above this trendline, which has kept the downward pressure intact.
Support and Resistance Levels:
Resistance at $0.0012091: This level remains a key barrier for upward movement. It has played as support in the past. The break below can lead to this level becoming resistance now. It is the key level bulls need to regain. The zone at $0.0011282 is currently playing as resistance and is a critical levels to watch; a rejection could signal a deeper decline. This is the first level the bulls have to regain.
Bullish Scenario: If the price manages to break above the descending trendline and sustain above $0.0011565, and flip the current resistance into support, it could lead to a bullish reversal
Bearish Scenario: A failure to break above the trendline and resistance, could lead to further declines, validating the bearish momentum.
Conclusion: The price is in a critical phase, with the descending trendline acting as a strong resistance. A break above this line could signal a bullish reversal, while continued rejection and an inability to regain the resistance levels would likely result in further bearish movement. The overall sentiment remains cautiously bearish unless a significant breakout above the trendline occurs.
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I can see several paths here.
4.733 kills impulse up/completes impulse down.
6.00 from here could be ZZ complete.
4.733 break, could flip from support to resistance.
Some IF:THEN scenarios on deck here.
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Dogs: Sit-up or roll over?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The DOGS/USDT 1-hour chart indicates a potential Elliott Wave structure, with a completed 5-wave uptrend followed by an ABC correction, suggesting the market could be setting up for a new upward move if key levels hold. However, the move from the proposed end of the C wave is not forming an ideal motive wave.
Key Levels:
Support: The significant support zone around 0.0012091 could serve as a foundation for a potential bounce, with 0.0012879 currently acting as support.
Resistance: Resistance is noted at 0.0013205 and 0.0013788. As the price approaches these levels, it may encounter selling pressure. For a sustained bullish trend, these levels need to be broken and flipped into support.
Technical Indicators:
A descending trendline from the peak of wave 5 underscores the bearish trend. The price is testing a break above this trendline, which could signal a trend reversal if it holds.
A Fibonacci retracement at the 0.618 level would add validity to the bullish scenario with a break of it excluding the potential for algorithmic participation.
Scenarios:
Bullish: If the price can break above the descending trendline and maintain above the 0.0012091 support, it could target higher resistance levels. Successfully breaking and converting these into support would suggest a continuation of the bullish trend.
Bearish: Failure to hold above the 0.0012091 support level may lead to further declines, reinforcing the bearish trend.
Conclusion: DOGS/USDT is at a pivotal juncture. Holding above the descending trendline supports a bullish outlook, while failure to maintain support levels could signal more downside. Monitoring price action around these key levels will be crucial for determining the next move.
Trade Safe!
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I just got LONG QTUM / USD Cryptocurrency: See Charts
I got a LONG-trade just now on Cryptocurrency QTUM / USD.
I don't know much about it but it looks strong on the charts.
You can see the bullish W/bottom which is well supported with strength underneath current price on the Weekly with very strong Stochastics very over-sold however they are pressing up hard and through the 20 level which is bullish coming out of over-sold on the important Weekly- Stochastic.
Also, see in the Weekly / Chart above the MAC-D bullish cross-up recently.
Both of these things tell me that price is very well supported on this weekly chart to come out of its over-sold condition with plenty of support and strength upwards in price going into the new week.
USD could be weak for a little longer, however I do see the USDX turning around and rallying this coming week, possibly Tuesday / Wednesday.
On the 4HR chart notice the bullish Cup 'n' Handle pattern that has formed.
Notice on the Daily Time-Frame here another bullish W-Bottom which has strength because the yellow 9 EMA has recently crossed-up & over the blue 50 EMA & this is very bullish.
Finally, here is the 4HR chart and the Cup 'n' Handle pattern I mentioned.
The spread is terrible on some of these buy-sell orders on the little know Cryptocurrency's so just be aware.
STOP LOSS: Stop at 2.16, which is directly underneath this current bullish candle on the weekly.
Take Profit: 3.86. See chart below.
FLOKI On the Edge of a Major Breakout | Key Levels to WatchYello, Paradisers! Is #FLOKIUSDT about to unleash a bullish rally? Let's look at the latest analysis of #Floki and see what's the probability of a breakout:
💎 SEED_DONKEYDAN_MARKET_CAP:FLOKI is currently showing signs of a bullish continuation from a critical support zone at $0.000125. We've been tracking #FLOKIUSDT as it navigates a Descending Broadening Wedge pattern, and now it's attempting to break above the descending resistance line.
💎If #FLOKI holds strong at this level, we could be on the brink of a significant bullish rally, mirroring previous trends. A breakout above the key resistance zone at $0.000126-$0.000137 could pave the way for a run toward the next resistance levels and beyond.
💎However, caution is crucial. If momentum weakens at this critical support, we might see a rebound from the lower demand area around $0.000096.
💎A daily close below the demand area could invalidate the bullish scenario and signal further declines.
Stay vigilant, Paradisers, and keep a close eye on FLOKI's price action.
MyCryptoParadise
iFeel the success🌴
ENA in an impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Looks like an impulse may be coming in here.
Want to see a break of the low then a reversal back above it for at least a retrace of the larger degree.
LL first for this idea.
If it breaks up before breaking .256 will have to reconsider.
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Is NOTUSDT About to Break Out? Watch This Key Zone Closely!Yello, Paradisers! Could we be on the verge of a bullish breakout with NOTUSDT? 📈
💎NOTUSDT has recently formed a classic falling wedge pattern, and we're also seeing a potential W pattern near the resistance zone. These formations are often precursors to a bullish move, but we need a confirmed candle close above the resistance zone to solidify this outlook.
💎If we do see a breakout, the bullish momentum could carry us higher. However, if NOTUSDT pulls back instead, a bounce from the support zone is likely. That said, given the current bearish sentiment across the broader crypto market, it’s wise to approach with caution. Scalping with smaller targets (TGs) might be the best strategy here to protect your capital.
💎Keep in mind, though, that a breakdown and candle close below the support zone will invalidate our bullish idea, signaling a potential continuation of the bearish trend.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
SOLUSDT: Correction Over, Bullish Rally Ahead with 30% Gains?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:SOLUSDT
From June 24, 2024, until today, SOLUSDT has dipped slightly below the EMA200 line twice. On both occasions, it rebounded by forming a bullish hammer candlestick and subsequently moved back above the EMA200, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of the falling wedge pattern, accompanied by a MACD bullish crossover—an indicator where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 182.02. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 210.33.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana."
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#WOOUSDT On the Edge of a Major Breakout | Watch Out For ItYello, Paradisers! 🚀 Could #WOO be on the brink of a breakout? Let's look at the analysis of #WOOUSDT and see how it can turn out:
💎#WOO is gearing up for a major breakout from its descending channel on a daily timeframe. The price has consistently respected the trendlines within this formation, but recent developments suggest we could be on the verge of a significant move.
💎#WOO is currently testing the critical support zone of $0.1833, a crucial area brimming with liquidity. This zone could serve as a launchpad for a breakout above the descending resistance line, potentially marking a trend reversal and aligning with our bullish forecast.
💎A bounce from the major support zone at $0.1833 could ignite an upward rally. Watch for strong buying interest here.
💎If the liquidity at the major support zone isn't enough, we might see a move down to $0.156. A strong buying response at this level could still spark a bullish run for #WOO.
💎However, if both the major and lower support levels fail, #WOOUSDT might face increased bearish pressure, possibly leading to further declines.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
BTCUSDT Headed for more than 7% Drop?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:BTCUSDT
Bitcoin is currently trading below the EMA90 line, indicating a bearish trend . The breakout from the rising wedge formation further confirms this downtrend. Additionally, the momentum indicator has revealed an MACD bearish crossover, reinforcing the negative sentiment . This crossover, marked by the MACD line crossing below the signal line, underscores increased selling pressure and suggests a potential downward movement. Therefore, these combined technical signals collectively suggest a continuation of the bearish trend, with our initial target set at 58,093 or potentially dropping further to the second target at 55,742.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."
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SEIUSDT's Next Move Could Be a Massive Opportunity For YouYello! Are you ready to capitalize on #SEIUSDT’s next big move? The asset is about to reach a crucial moment that can make or break it. Let's dive in.
💎#SEIUSDT is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon. Why? Because of increasing volume and improving macro market sentiment.
💎The 50EMA is about to cross and the POC of the VRVP is also reinforcing this bullish bias by acting as a support in the major support zone.
💎Now, what if #SEI gets rejected by the upper trend line of the falling wedge? We might see a retest of the bullish order block (OB) at $0.303. This area has consistently provided strong support for #SEI, packed with liquidity.
💎However, should TSXV:SEI fail to rebound from $0.303, the next critical level to watch is the lower support at $0.23. The probability of a rebound from this level is significantly higher.
💎But if #SEI continues to fall, the bears will take control, potentially leading to a bearish continuation.
Paradisers, always be prepared for any market scenario and stay disciplined in your trading strategy.
MyCryptoParadise
iFeel the success🌴
BITCOIN 4h On the 4-hour chart, as you can see, Bitcoin's price faced some demand after ranging and minor fluctuations around the $53,700 level. Following the break above the $60,000 channel, it managed to grow by almost 20% to the $65,000 range.
Currently, it is trading around $64,400. My expectation for Bitcoin is that it could grow to the 66,700–67,500-dollar range. If we see weakness in the candles and confirmation of resistance around the crucial 67,500-dollar level, we might witness consolidation and a correction. To better understand the ongoing trend, we should observe how the price reacts to these key levels. If it encounters demand and manages to break through the significant 67,500-dollar mark, the next target could be around 69,500 dollars.
Remember, this is just my personal analysis, not financial advice. Do your own research and make informed decisions. Happy trading!✌😎
If you have any questions or need further clarification, feel free to ask. I’m here to help!✌
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Not a retrace?...forgot a commaIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Respecting some levels and bounced out of AOI,
in what looks like an impulsive manner.
Stalking this.
Ideally, a move down to the discount zone will print and react.
BITCOIN (BTC) Technical Analysis & Important Decision Point
Bitcoin is currently testing an important low of May.
It will be a significant decision point for the market.
The violation of the underlined blue support will trigger
a further bearish continuation.
Next goal for the sellers will be 53200.
At the same time, the price may respect the underlined zone
and bounce from that. I suggest waiting for an intraday bullish confirmation
as a signal to buy.
Let's see what will happen.
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TRX - The Outlier - Time For A Mega Short?Ah, Tronix. Yes, it's actually called "Tronix", not "Tron." The coin with the disappearing wallet. No joke, I made a wallet back in early 2019 for TRX and stored the private key. I like to do things the old fashioned way, so I wrote it down and double-checked it by logging in. The second time Iogged in, I got the notification, "this wallet doesn't exist." Since then, I've been pretty wary of this project. I could go into all sorts of conspiracy theories about Justin Sun, CZ, Binance, stablecoins......but I'll leave that to your imagination.
This is a purely technical setup. TRX is one of the few coins that has maintained higher support levels during this bloodbath. What's up with that? As far as I understand, TRX is burned to help keep the Tron stablecoin USDD pegged to the dollar. USDT recently moved away from the Tron network. Anomalies like this don't usually last long in the crypto market. I'm speculating that this breaks down massively. There's already buzz that TRX will be the next LUNA, but before I say it's going to zero, let's just look at horizontal supports. If TRX cannot hold the 200 MA on the 3 day (teal), and if it cannot hold that orange uptrend, I think it can fall 50% pretty quickly, much like other alts during this period.
On the bullish side, TRX will need to break and hold above the 200 day MA (teal in the below chart)
The 200 week MA lingers just below, at the 4 cents level. Now, the question is - does TRX test the 50 week MA near 8 cents one more time before dumping? Let's find out.
This is not meant as financial advice. This post is highly speculative, and is meant for entertainment :)
-Victor Cobra