Ethereum Analysis: Key Support & Resistance LevelsHere's a detailed look at CRYPTOCAP:ETH price action on the 1H chart (Binance):
🚀 Resistance at $3,680 and $3,740.
🛡️ Strong support zones at $3,580 and $3,440.
⚡ Price currently consolidating near $3,640.
Volume profile indicates critical levels for the next breakout.
Are we set for a bullish continuation or a pullback? 🤔
#Ethereum #CryptoTrading #DayTrading"
Cryptotrading
FARTRCOIN losing...steam?..no... gas!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#Fartcoin Analysis: Key Levels and What’s Next
When it comes to Fartcoin, the recent price action has been, well, a real gas. There are several ways to interpret the current move, but one thing that stands out is the sharp swing up from the 0.773 level. With in this move we can see good separation between corrections, catching the eye as a potential impulse. But if this swing was the orthodox end of a larger degree downtrend, we might still expect one more wave 4 and wave 5 to complete the structure.
The 1.30 Level: Breaking Wind or Breaking Through?
The key area to watch is 1.30. Historically, this level served as resistance but flipped to support during the last leg up. Recently, however, Fartcoin has broken structure by dipping below this level, taking out the previous wave 4. While this isn’t a confirmed game-over moment for the bulls, it’s not exactly a breath of fresh air either. To keep the momentum alive, the bulls need to retake 1.30 and push upwards decisively. Otherwise, this rally might just be running on fumes.
What Happens If 1.30 Fails?
Should Fartcoin fail to reclaim 1.30 and instead break further below, a retest of this level from the underside would likely solidify the bearish case. In this scenario, it might be time to consider a short position, as the rally could officially let one rip—straight to lower levels.
Scenarios to Watch
Bullish Redemption: Price retakes 1.30, flipping it back to support, and continues upward. This scenario would validate the potential for further impulsive moves and a continuation of the uptrend. In other words, Fartcoin could blow past expectations.
Bearish Breakdown: Price breaks below 1.30 and retests the level from the underside. This would indicate a loss of bullish control and a potential shift to a deeper correction or a full reversal. It’s the kind of situation where the market might just leave bulls holding their noses.
Final Thoughts
While Fartcoin’s recent moves have been impressive, the current structure is at a critical juncture. Whether it’s going to explode back upwards or blowing the rally to pieces, the 1.30 level will be pivotal in determining the next direction. Bulls need to regain control, but if they fail, it could be time for the bears to toot their own horn.
Trade safe, trade smart, trade clarity.
#VOXEL/USDT Symmetrical Triangle Breakout Long Setup#VOXEL is breaking out of a symmetrical triangle, signaling potential bullish momentum. The entry is around $0.1983, with a stop loss at $0.1523 and a target of $0.3643, offering a favorable risk-to-reward ratio. Watch for volume confirmation to validate the breakout. This setup has the potential for a 2X move if the momentum sustains. Keep it on your radar!
XRP/USDT Bullish Pennat Breakout LoadingXRP/USDT, Bullish Pennant Formation in Progress
The chart displays a Bullish Pennant, signaling potential upward momentum. However, the price is currently rejecting near the upper trendline, indicating that the breakout may take some time.
Key Insights
1. The pennant structure remains intact, but consolidation might continue before a decisive breakout.
2. Watch for a confirmed breakout above the upper trendline before considering a long trade.
3. Once the breakout occurs, the target range is $2.8 to $3.0.
Patience is crucial as the price may test the trendline support or consolidate further before breaking out.
SUI Wave 4: Pivots, Patterns, and PossibilitiesIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The cleanest conservative count, in my opinion, suggests that we are still within a wave 4 or possibly a diagonal. This conclusion is based on the 3-wave move up that has printed so far, which aligns with the characteristics of corrective wave structures.
Wave 4, according to Elliott Wave principles, often presents as a more complex corrective pattern, and this appears consistent with the current price action. However, the situation remains dynamic, and key levels will play a crucial role in determining the next steps in the wave count.
### Key Levels to Watch
1. **4.92**: If price action fails to generate further upside momentum and drops below this level, it would indicate potential weakness and could lead to a revisit the 3.95 level.
2. **3.95 Pivot + Price Action (PA)**: This level will be pivotal in determining where we are within the broader wave count. A hold above this level could maintain the possibility of the current count, whereas a deeper breach could suggest a shift in the structure.
### Scenarios to Consider
- **Bullish Continuation**: If price action remains above 4.92 and generates impulsive moves, it may signal the end of wave 4 and the start of wave 5.
- **Extended Correction**: A drop below 4.92 and a test of the 3.95 pivot could indicate a continuation of wave 4 or a diagonal pattern. An impulsive breach would lend to a flat.
### Neutral Perspective
This analysis remains neutral, focusing on the possibilities rather than definitive predictions. The next moves around these levels will provide important clues about the broader structure and potential directional bias. As always, flexibility and attention to evolving price action are essential when navigating corrective waves.
By monitoring these critical levels and patterns, traders can better position themselves to adapt to the unfolding price action.
Trade safe, trade smart, trade clarity.
#WOO Getting Ready for a Major Breakout | Key Levels to WatchYello, Paradisers! Will #WOOUSDT finally break out of its descending channel, or are we heading for another drop? Let’s break it down #WOO:
💎#WOO has been trading within a descending channel on the 8-hour chart, showcasing a classic consolidation structure. Currently, the price is approaching a critical descending resistance, making this a pivotal moment for traders.
💎A break above the resistance at $0.3041 could confirm a bullish breakout which would set the stage for an extended rally. If bulls gain control, the next target zone lies between $0.4000–$0.4500, a significant supply zone where sellers may reappear. We need strong confirmation with robust volume and bullish momentum for this scenario to play out.
💎On the downside, $0.2044 serves as an essential demand zone and has been a reliable support level during the recent consolidation. If #WOOUSD fails to hold this demand we may see a retest of this strong support at $0.161.
💎A close below the $0.161 strong support would invalidate the bullish outlook and could result in a deeper correction. If this happens, the price may drop to test the $0.1500 region, marking a significant shift in sentiment.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
ETHUSD: MA Bullish Cross triggering rally to 4,300Ethereum is marginally neutral on its 1D technical outlook (RSI = 55.733, MACD = -18.850, ADX = 38.044), which along with today's rise, indicates the high upside potential of this move. The 1D MA100 has crossed over the MA200, forming a rare Bullish Cross that we last saw on December 12th 2023 and March 3rd 2023. That was a technical buy signal that targeted on a minimum the 4.0 Fibonacci extension. That is our target (TP = 4,300).
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ADA rejection on the way?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ADA Rejection on the Way?
Cardano (ADA) has caught the attention of traders with its recent price movements, especially as it approaches key levels that could signal either a rejection or a continuation of its current trajectory. Let’s take a closer look at the dynamics in play and what they might indicate for ADA’s next move.
Recent Price Action
ADA’s recent rally brought it to a critical resistance zone, raising questions about whether the upward momentum can sustain or if a rejection is imminent. Historically, this level has acted as a significant inflection point, and its current behavior aligns with prior instances of strong price reactions.
Key Levels to Watch
1.20: This is the primary level that ADA needs to break and hold above to maintain bullish momentum. A clear breakout here could open the door for further upward movement.
0.77: On the downside, this level represents a crucial support zone. A deep break below 0.77 would not only invalidate the current structure but could also signal a deeper correction.
Potential Scenarios
Bullish Case: If ADA consolidates sideways near the resistance without significant rejection, it could indicate strength and the possibility of an eventual breakout above 1.20. This scenario would align with bullish continuation patterns.
Bearish Case: A sharp rejection from 1.20, especially if followed by increasing sell volume, could push ADA back toward the 0.77 level. In this case, traders should watch for whether 0.77 holds as support or breaks, signaling further downside risk.
What to Look For
Sideways consolidation around the resistance level would be an encouraging sign for bulls, suggesting that ADA may gather strength for a move higher. Conversely, sharp and impulsive downward moves could point to a rejection in progress. Observing price action and volume near these levels will be key to assessing the next likely direction.
Final Thoughts
As with any market analysis, it’s important to remain flexible and responsive to price developments. ADA’s behavior around the 1.20 and 0.77 levels will likely provide critical clues about its near-term trajectory. While rejection remains a possibility, the potential for a bullish continuation cannot be ruled out. Traders should monitor these levels closely and adjust their strategies accordingly.
Trade safe, trade smart, trade clarity.
Supper bullish SUI SUI/USDT is showing a super bullish setup, with strong buying momentum driving the price higher.
The recent breakout above key resistance levels suggests further upside potential, with the next targets likely in focus.
As long as support zones hold, SUI remains positioned for continued upward movement.
dyor, nfa
Bitcoin's Wave 5 of 5: The Road to 180k?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#Bitcoin Fractal Potential (Log):
Bitcoin’s price movements have long fascinated analysts, particularly the recurring fractal patterns observed within actionary waves. These patterns, while intriguing, require careful interpretation, as they do not guarantee future outcomes but offer potential insights into the market’s trajectory.
This analysis focuses on wave 5 (W5) within the actionary waves 1 and 3. Historically, W5 has often been the longest wave in these sequences, suggesting a possibility for significant movement if the pattern persists. However, it’s essential to approach these projections with caution and flexibility.
The Wave Structure
In Elliott Wave Theory, actionary waves 1, 3, and 5 are motive waves, typically impulsive and aligned with the primary trend. Among these, wave 3 usually attracts speculative momentum, leading to significant price moves. Historical data suggests, in this case, that wave 5 has frequently outpaced waves 1 and 3, hinting at the potential for the final wave 5 to extend as well. This pattern, while intriguing, is not a fixed rule and should be treated as a hypothesis rather than a certainty.
Key Levels: W4 and Conservative Pivots
For wave 5 to develop, wave 4 (W4) must establish firm support. Currently, the critical level to watch is 86.8k. If Bitcoin holds this level, it could provide a foundation for further upward movement. Using conservative pivots, potential targets for W5 are estimated between 145k and 180k. These projections are based on historical extensions but remain speculative and contingent on market conditions.
Potential Scenarios
Bullish Case: If Bitcoin holds above 86.8k and demonstrates impulsive upward moves, it increases the likelihood of hitting the projected targets. Look for strong rallies and corrective pullbacks as indicators of sustained momentum.
Bearish Case: A failure to maintain support at 86.8k could invalidate the W4 setup, suggesting a deeper correction or a shift in the wave structure. This would necessitate reevaluation and could indicate a prolonged consolidation phase.
Caveats and Confluence
While the projections are based on historical patterns, they are not deterministic. The potential alignment of area levels and Fibonacci zones adds confluence but does not eliminate uncertainty. Observing impulsive price movements and corrective behaviors at smaller degrees is crucial for confirmation.
It’s also important to remain aware of external market factors that can influence Bitcoin’s price action. These variables can disrupt even the most well-founded wave structures.
Final Thoughts
The potential for Bitcoin to reach 145k-180k is an exciting prospect, but it is not a foregone conclusion. Traders should treat these projections as one piece of the puzzle and incorporate other tools and analyses. Flexibility and adherence to key levels are essential to navigate the inherent uncertainty of markets.
Whether history repeats or diverges, the coming months will provide valuable insights into Bitcoin’s fractal tendencies and market behavior.
Trade safe, trade smart, trade clarity.
Is ARB Poised for a Major Move? Here’s What You Need to WatchYello, Paradisers! Are you ready for a potential game-changing move in #ARBUSDT? The current setup hints at a decisive moment that could lead to either a breakout or a steep decline. Let’s dive into the details to see what’s unfolding.
💎#ARBUSDT is currently sitting between two critical levels. On the upside, the $0.8400 minor resistance is a key threshold that buyers need to breach to regain momentum. A successful break above this level could open the door to $1.00 and eventually test the major resistance zone at $1.2389–$1.2949. This area represents a psychological and technical barrier likely to attract significant profit taking. Overcoming it, however, could trigger an explosive rally as bullish sentiment takes hold.
💎On the downside, the support zone at $0.6515 is acting as a safety net for now. If this level fails, #Arbitrum could descend into the demand zone at $0.5685. A decisive bounce from here, coupled with increased volume, could signal the start of a rally targeting resistance levels and beyond. Conversely, a failure to hold this zone would confirm a bearish breakdown, inviting further downside movement.
💎The battle between bulls and bears hinges on how #ARB reacts to these critical levels. If buying volume increases near $0.8400 and #ARBUSD clears it with strength, the momentum shift could drive prices higher toward the $1.2389 region. Conversely, any rejection at $0.8400 or weakness near $0.6515 would signal that sellers are still in control, increasing the likelihood of a breakdown.
Keep an eye on trading volume, as it will confirm the strength of any breakout or breakdown. Low volume moves are often fakeouts, so stay cautious and wait for clear signals before entering a trade.
MyCryptoParadise
iFeel the success🌴
Fri 3rd Jan 2025 BTC/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Buy. Enjoy the day all. Cheers. Jim
Will #ANKR See Another Bullish Push From the Bulls? Key LevelsYello, Paradisers! Is #ANKRUSDT poised for a breakout, or are we heading deeper? Let’s break down this critical setup for #Ankr:
💎#ANKR has been trading within a descending channel on the 4-hour chart. The price is approaching the descending resistance of this channel and the next few candles will determine whether bulls are ready to take control.
💎For #ANKRUSD to confirm a breakout, it must decisively close above the $0.0406 resistance level. This would open the door to a rally towards the major resistance zone at $0.0485, where sellers may return in force. A strong breakout here could fuel momentum for further upside, potentially targeting even higher levels.
💎If buyers push the price above $0.0485, it will signify a major shift in market sentiment, and we could see #ANKR head toward $0.0580 or higher. To confirm this breakout, you need to watch for increased trading volume and strong bullish candles. Without these signals, any upward move risks being a fakeout.
💎On the flip side, failure to break the descending resistance could lead to a pullback toward the $0.03307 support level. If this support doesn't hold, the price may retest the demand zone at $0.02776.
💎A 4-hour candle close below $0.02776 would invalidate the bullish setup and could trigger a sharp decline toward $0.02500 or even lower. Traders should exercise caution if this scenario unfolds.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
BTCUSD: Williams bounce points to $119k next.Bitcoin is neutral on its 1D technical outlook (RSI = 52.385, MACD = -483.200, ADX = 34.048) and just today it hit its 1D MA50, which is the first sign of restoring the bullish trend. The strongest bullish indicator is the Williams%R, which has rebounded rapidly since turning oversold at -93.00. Every time it hit that level and rebounded since July 2024, it rallied by +30%. Consequently, we aim for just under that level (TP = 115,000).
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#ROSE Ready for a Bullish Breakout or Not? Key Levels to WatchYello, Paradisers! Is #ROSEUSDT preparing for a bullish breakout, or will we witness a deeper correction? Let’s dive into this crucial setup for #Oasis:
💎#ROSE has been trading within a well-defined descending channel on the 8-hour chart, a structure that often precedes significant market moves. Price is currently hovering near the resistance of this descending channel, and a breakout here could be the game changer bulls have been waiting for.
💎If #ROSEUSD breaks above the descending resistance, the first major hurdle will be the resistance at $0.1159. A clean and sustained breakout above this level could signal the start of a strong bullish rally. The next target would then lie within the major resistance zone between $0.1597 and $0.1671, representing a potential upside. However, you must watch for confirmation with strong volume and clear bullish candles to avoid falling for a fake breakout.
💎On the downside, the $0.074 level serves as critical support and has been a stronghold for buyers so far. If LSE:ROSE fails to break the resistance and bears regain control, we could see the price revisit this support zone. If this level also fails, the last line of protection for bulls is the underlying strong support at $0.056.
💎A daily close below $0.0563 would invalidate the bullish setup and open the door to further downside toward the $0.0400 region, where stronger demand could be tested. However, discipline and risk management remain essential as we await confirmation of the next move.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
ZILUSDT: Will Zilliqa Explode or Collapse from Here? Yello, Paradisers! #ZILUSDT is sitting at a crucial inflection point. The market is testing a strong support zone that could either trigger a significant rally or lead to a steep drop. Are we about to witness a breakout or a breakdown? Let’s dive into the details.
💎#Zilliqa is currently approaching a key support level around $0.01788, a zone that has consistently acted as a springboard for bullish momentum in the past. This level has been tested previously, showing signs of strength. However, if the support fails to hold, it could spark a cascade of selling pressure, potentially dragging the price down to the next lower Demand at $0.01600.
💎For now, all eyes should remain on the current support zone at $0.01788. A decisive bounce from here, coupled with increased volume, could signal the start of a rally targeting resistance levels and beyond. Conversely, a failure to hold this zone would confirm a bearish breakdown, inviting further downside movement.
💎The RSI is hovering near oversold levels but hasn’t yet shown a clear signal for a reversal, leaving ZIL in a precarious position. This is a critical juncture, Paradisers. The next move could set the tone for #ZILUSDT in the coming weeks. Whether the market breaks out or collapses, remember to wait for confirmation before taking action.
Discipline and patience are the foundation of successful trading. Focus on preserving capital and only act on high-probability setups.
MyCryptoParadise
iFeel the success🌴
ATAUSDT: Will the Bulls Hold the Line, or Are We Heading Lower?Yello, Paradisers! #ATAUSDT is at a pivotal moment, and the next move could define the trend for days to come. After a sharp breakout, ATA has pulled back toward a critical demand zone. Will buyers step in to defend this level, or are we about to see another leg down?
💎The supply zone at $0.1844 has proven to be a major hurdle, as sellers overwhelmed the bullish momentum after the recent breakout. This zone has become a key resistance level, and breaking above it is essential for the continuation of an uptrend. On the other hand, the demand zone at $0.1337 is where buyers need to make a stand. A failure to hold this level would likely send #ATA tumbling down toward the next significant lower demand at $0.1038.
💎Currently, the 100 EMA is providing dynamic support. If the price respects this level, it could signal the beginning of a recovery. A bounce here could trigger renewed bullish momentum, while a breakdown would confirm bearish control.
💎Paradisers should remain cautious and wait for clear signals before taking action. A strong bounce at the demand zone with high volume would be a good indicator of renewed buyer interest, while a breakdown below $0.1038 would likely open the door to much lower levels.
Stay disciplined and patient, and remember to always wait for confirmation before entering a trade. Protect your capital, stay focused, and trade like a pro! Share your thoughts in the comments what’s your move for #ATA?
MyCryptoParadise
iFeel the success🌴
Trading While Tired: How Lack of Sleep Messed Me UpThere was a time in my trading journey when I thought staying up late would make me a better trader. I’d sit at my desk until the early hours, staring at charts and telling myself, “The more I watch, the more I’ll win.” At first, it seemed like it was working. I caught a few decent trades late at night and felt like I was ahead of the game.
But then, it all started to go wrong.
The Day It Hit Me
One morning, after getting just four hours of sleep, I sat down to trade like I always did. But something felt off. I couldn’t focus on the charts—I kept missing obvious patterns. On one trade, I completely forgot to set a stop-loss, and it ended up costing me more than it should have.
By the end of the day, I had made so many mistakes that I didn’t even recognize myself as a trader. I was losing money, and I felt like a mess.
What Lack of Sleep Does
Looking back, I can see how skipping sleep was hurting me. Here’s what I went through:
- I Couldn’t Think Clearly: I felt foggy and couldn’t concentrate on my trading plan.
- I Made Bad Choices: I rushed into trades without thinking them through.
- I Was Moody: Losing trades hit me harder than they should have, and little things made me angry.
- I Drank Too Much Coffee: I thought caffeine would fix my tiredness, but it just made me jittery.
- I Broke My Rules: I was too tired to follow my trading strategy.
How I Fixed It
One day, after another sleepless night and a morning full of mistakes, I decided enough was enough. I told myself I needed to change.
The first step? Making sleep a priority. At first, it was hard to turn off the charts and go to bed. I thought I’d miss out on opportunities, but the truth was the opposite. With proper rest, I became sharper, calmer, and more confident in my trades.
What I Learned
-Sleep is as important as trading skills—you can’t think clearly without it.
-Watching the charts all night doesn’t help if you’re too tired to make good decisions.
-A good night’s sleep leads to smarter, more focused trading.
Are You Trading Tired?
If you’re staying up late and feeling exhausted while trading, it’s time to change that. Trust me, your trades will get better when your brain has the energy to work properly.
If you’re stuck or want to chat about how to balance trading with a healthy lifestyle, send me a DM. I’ve been there, and I’m here to help!
Kris/Mindbloome Exchange
#MBOX Ready for a Pullback or Will it Fall Further? Key LevelsYello, Paradisers! Is #MBOX gearing up for another rally, or are we facing a deeper pullback to shake out the weak hands? Let's break down the latest analysis of #MOBOX:
💎#MBOXUSDT has been trading within a well-defined Descending Channel since its peak earlier this year. It has recently shown signs of strength by breaking out of the channel resistance while sweeping liquidity near $0.35 and then reversing. Currently, the asset is coming down to the lower support zones for a liquidity capture.
💎The $0.38–$0.42 range is a critical supply area where the profit-taking wave comes into play. For any sustainable rally, #MBOXUSD must clear this zone decisively as it has historically served as a rejection point.
💎If AMEX:MBOX maintains support above $0.17 and builds momentum, we could see a powerful surge toward the $0.38-$0.42 resistance zone. Breaking above $0.42 would unlock further upside, with potential targets around $0.50 or even $0.55. However, bulls need strong volume and conviction to fuel this breakout.
💎The support zone between $0.17 and $0.119 remains the Bulls' primary defensive line. A daily candle closing below the $0.119 support level would invalidate the bullish thesis, paving the way for a potential drop toward $0.10 or lower.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
BTC at a Critical Juncture: Should You Top Up Your Long Position🚨 BTC at a Critical Juncture: Should You Top Up Your Long Position? 🚨
Bitcoin's price action looks fragile as we enter the year's final days. With BTC hovering near the $92,000 - $87,000 support zone , traders are closely watching whether this key area will hold — or if a break below $90,000 will open the floodgates for further downside.
The Setup: What's Happening Now?
BTC is trading at $93,070 , testing major support.
Failing to hold $92,000-$87,000 could invalidate bullish setups and signal a bearish reversal.
The market is thin due to the holiday season, increasing the risk of snap volatility and liquidity sweeps .
Key Factors to Watch
1. Critical Support Zone:
The $92,000 - $87,000 range is where buyers have historically stepped in to push BTC higher.
A break below $90,000 would be a bad sign for BTC and may lead to downside targets of nearly $80,000 .
2. Indicators:
Momentum Reversal Indicator (MRI): No strong bullish reversal signal yet. Look for a Green Setup progression or daily price flip confirmation.
RSI: If RSI approaches oversold levels (~30), it could signal an opportunity to DCA or add to your long position.
3. Macro Risks:
Upcoming unemployment data may inject volatility into an already illiquid market .
The broader risk-asset sentiment remains cautious, with global liquidity conditions weighing on bulls.
Trading Decision: Should You Add to Longs?
Yes, IF:
BTC successfully tests and rebounds from $92,000 - $87,000 .
Look for supporting signals like a Green Setup progression or bullish divergence on RSI.
No, IF:
BTC breaks below $90,000 on high volume.
This would invalidate the current support zone, signaling more downside potential.
Risk Management Tips
Stop-Loss: Place it just below $87,000 to minimize risk.
Take-Profit: Target $95,000 - $100,000 , but scale-out gradually if resistance strengthens.
Leverage: Use 2x leverage cautiously , ensuring proper risk control.
Closing Thoughts
BTC is at a make-or-break moment. The $92,000 - $87,000 support zone could be a solid entry point for long positions if it holds — but a breakdown would bring downside targets like $80,000 into play.
What's your take on BTC's price action this week? Are you adding to your long position or waiting for confirmation? Let's discuss this in the comments below! 👇
ENS Price Action: Rebound Imminent or Bearish Freefall?Yello, Paradisers! Is #ENSUSDT gearing up for a significant rally, or are we looking at a bearish breakdown? Let’s take a closer look at what the charts are telling us.
💎#ENS seems poised to retest its support level before potentially continuing its upward movement. A breakout above the minor resistance could spark a strong rally, with the price likely heading toward the next key target at the strong resistance area.
💎However, there’s a risk to watch out for. If ENS fails to rebound and breaks below the support zone, the price could head lower, potentially hitting the bullish order block or demand area. This region is crucial for maintaining a bullish structure. If ENS manages to reclaim support around the $32 mark, there’s a good chance of a rebound and resumption of the upward move.
💎On the flip side, if the daily candle closes below this area, it would signal a bearish invalidation. In that case, we could see a deeper dip, with ENS entering a completely bearish phase and continuing its downward trajectory.
Stay disciplined, trade smart, and let’s navigate this market with a professional mindset!
MyCryptoParadise
iFeel the success🌴
#TON Ready For a Massive Move Ahead or Not? Key Levels to Watch Yello, Paradisers! Will #TON finally break its descending resistance and ignite a powerful rally, or are we in for a bearish breakdown? Let’s break down the latest analysis of #Toncoin:
💎#TONUSDT is trading within a symmetrical triangle formation, which typically signals a period of consolidation before a decisive move. Currently, the price is hovering around $5.80, just beneath the descending resistance. For a bullish breakout, TON needs to reclaim this key resistance zone near $7.20.
💎If buyers manage to push the price above $7.20, we could see a swift rally toward the major resistance zone at $10.00-$11.00, with strong momentum potentially driving further gains. This breakout would confirm a reversal and signal that buyers are back in control.
💎However, the $5.24-$4.50 range remains a critical support zone. If this level holds, it would provide a solid foundation for another bullish attempt. But if #TONUSD breaks below $4.50 with a daily close, it would invalidate the current structure, opening the door for a sharp move lower—potentially toward $3.00 as sellers regain control.
💎The key to navigating this setup is patience and discipline. TON is approaching a critical decision point, and the next move will likely determine the medium-term trend.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Bitcoin Battles Between Key Support and Resistance – What’s NextBitcoin is currently trading near $94,500, resting on a strong confluence of support. The price is testing the 100 EMA on the 12-hour chart, which aligns with a critical horizontal support zone around $93,000. At the same time, a descending trendline is acting as resistance, keeping the price under pressure.
A breakdown below the marked support zone could trigger a sharp decline toward the next significant level around $88,000. On the other hand, if BTC holds this support and breaks above the descending trendline, it could signal a bullish reversal, pushing the price back toward $98,000 and potentially higher.