Cryptotrading
PancakeSwap _ Wedge Pattern Breakout _ Biggest Profit (+1,282%)Falling Wedge Pattern formed and Breakout and also reached 0.6 Fibonacci Retracement level. Now going to Uptrend and Resistance level is the 1st Target. Offering a chance to Achieve Biggest Profit of (+ 1,282%) Percentage. This is Long-Term Analysis, must follow the Trend Continuation Technique. Guess the 3rd Target ?????
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TRX (TRON): Overbought at ResistanceTrade setup : Price is in an Uptrend. It made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. It's now approaching $0.145 resistance and getting overbought (RSI > 75), hence, we could see some profit taking in this area. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.145 to signal continuation of uptrend, or 2) pull back near $0.12 support for another swing trade entry in Uptrend with +20% upside potential back to $0.145.
Pattern : Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is Overbought currently, based on RSI-14 levels (RSI > 70).
Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.145.
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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.
SOLUSDT Key Resistance Breached – What’s Next? Yello, Paradisers! Did you catch our recent prediction about #SOLUSDT breaking above its resistance? Well, it just happened! Let's dive into what this means for your trading strategy.
💎#SOLANA has successfully broken above the resistance zone at $140.78 and faced rejection from the internal supply at $151.18. Currently, the price is in a retesting phase. If #SOL holds this support level at $140.78 and maintains its momentum, there's a high probability of a bullish ride towards the next resistance zone. Interestingly, the price is sustaining a strong position above multiple EMAs, further strengthening the bullish scenario.
💎Should #SOL break above $151.18, the next target is the subsequent resistance zone. Conversely, if the price fails to sustain momentum at the current support, we expect a potential bullish rebound from the lower demand zone around $134.77.
💎Staying vigilant is crucial. Keep a close eye on #SOL price movements. A breakdown below the demand area, confirmed by a daily closure, would challenge our bullish outlook and could lead to further declines.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
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Is #DASHUSDT About to Skyrocket? Here’s What You Need to Know!Yello, Paradisers! Have you noticed the exciting opportunity brewing with #DASHUSDT? Let's dive in and see why this could be a game-changer!
💎We've witnessed #DASH breaking above a descending resistance, signaling a high probability of a bullish move. After overcoming this resistance, #DASH is now sustaining momentum at a probable support level of $25.13. If #DASH manages to break above this level and sustain its momentum, there's a great probability it will continue its bullish ride and aim for the internal resistance zone at $31.40.
💎The current market sentiment is bullish. Why? Because DASH has failed to make a new lower low and has instead sustained its momentum at support levels. But what if NASDAQ:DASH faces a strong rejection at the internal resistance of $31.40 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the demand level of $22.69.
💎During this phase, many inexperienced traders might rush to open short positions and get trapped. If the price breaks below the demand level at $22.69 and it turns into supply, it's time to plan short positions as the market could drop significantly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey.Be a PRO.
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XRPUSDT Is XRP on the Brink of a Major Move?Yello, Paradisers! Are you ready to uncover the potential of #XRPUSDT's recent breakout? Let's dive in and see if this is the moment we've been waiting for.
💎#XRP has successfully broken out of its descending resistance with a strong green candle, signaling a potential bullish momentum to continue its upward move. This breakout is further confirmed by the RSI, which has also broken its resistance trendline.
💎However, the price hasn't retested yet, which means there's a probability that XRP will retest the support line at 0.4645 before continuing its upward movement towards the key resistance level at 0.567. A break above this level is required to maintain the upward momentum and reach our target area.
💎But what if XRP fails to break this resistance and faces a hard rejection? In that case, there's potential for the price to return to the support and move sideways within the support-resistance range. If XRP also breaks below the support line, it could be a bad sign, as the price might revisit the strong demand area at 0.411.
💎It's crucial for XRP to bounce when revisiting this strong demand area because it's an important level. If XRP fails to bounce and breaks the strong support at 0.411, the bullish invalidation will be confirmed, and the price will likely dip further downward.
If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest probability trading opportunities.
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LDO (Lido DAO): Approaching SupportTrade setup : Price is in a downtrend, trading well below its 200-day MA. It again got rejected at a stiff resistance area of $2.60 horizontal resistance and 200-day Moving Average. Swing Traders: pullbacks near $1.50 support, which has held a few times this year, could be a swing trade entry with +25% upside potential back to $2.20. or even $2.60. Stop Loss (SL) at $1.37. This is a higher risk trade setup since the overall trend is down. Lido (LDO) is the largest DeFi platform and a leading ETH liquid staking platform (see our on-chain analytics and research report) .
Pattern : Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $1.50. Nearest Resistance Zone is $1.75, then $2.20.
Trade Setup: Ethereum (ETH) Long PositionMarket Context:
Ethereum CRYPTOCAP:ETH is expected to remain a strong trade in the coming weeks due to the ETF narrative. Two main factors support this belief:
Institutional Inflows: Institutions are likely to provide seed money, ensuring strong flows into the ETH spot ETF.
Reduced Selling Pressure: There will be less selling pressure from Grayscale’s ETHE compared to their GBTC, as ETHE shares will be converted into the ETH trust on a 1:1 ratio.
Trade Setup:
Entry: Enter a trade at $3,000.
Take Profit:
First target: $3,250
Second target: $3,530
Third target: $3,700
Stop Loss: Set the stop loss just below $2,900.
Strategy Overview:
This strategy hinges on the anticipated positive impact of institutional involvement and reduced selling pressure, positioning ETH for potential gains in the coming weeks.
📊 Monitor market developments and adjust your strategy as needed! #Ethereum #CryptoTrading #ETFNarrative 🎯
BTCUSD: Held the 0.5 Fib, the Golden standard of this Bull CycleBTCUSD hit last week the 0.5 Fibonacci level coming off the recent Low (Jan 22nd) and held it. This makes it the new support level and technically keeps the outlook on the 1W timeframe neutral (RSI = 48.770, MACD = 4105.800, ADX = 40.148), which is encouraging. The reason is simple and has to do with Bitcoin's behaviour from the very start of the current Bull Cycle since November 2022.
You can see on this chart that every correction was contained at or above the 0.5 Fibonacci level. More specifically we have had another three such events, two hit the 0.5 Fib and rebounded and one the 0.382 Fib. This makes last week's low a strong bottom candidate. Bitcoin's major bullish waves during this Bull Cycle have so far been three and rose by +100%, +95% and +90% respectively (first to last).
Another 'modest' rise of +90% will hit the $100k psychological level and can technically take place before this year is out.
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AR Long PositionMarket Context:
AR is a high-conviction bet, currently consolidating within a massive range for nearly 140 days and sitting at a crucial support level.
Trade Setup:
Entry: Enter a trade around $22.
Take Profit:
First target: $25.8
Second target: $30
Third target: $36.5
Stop Loss: Set the stop loss just below $19.
📊 Monitor the market closely and adjust your strategy as needed! #AR #CryptoTrading #SupportZone 🎯
THETA: Falling WedgeTrade setup : Price is in a downtrend, trading below 200-day moving average (~$1.87). However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for a breakout, above $1.80 level and 200-day MA to resume an Uptrend, with +40% upside potential to $2.50.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.95. Nearest Resistance Zone is $1.90, then $2.50.
BBUSDT Breakout Alert! Critical Resistance Test AheadYello, Paradisers! Could #BBUSDT be poised for a significant move? Let's break down the key levels and potential scenarios.
💎#BounceBit has successfully broken out of a descending channel pattern, indicating a high probability of continued upward movement. After retesting the support trendline, the price now seems likely to rise toward the resistance level around $0.4808.
💎Historically, #BB has faced rejection twice at this zone, making a breakout crucial for confirming a shift back to bullish momentum. Should this breakout occur, the price could advance significantly, reaching our target at the strong resistance area.
💎However, if BB fails to break through the resistance and retraces to the demand area around $0.39, it will need to build new momentum for another attempt. Holding this demand zone is essential. A failure to do so could see the price revisiting the strong support area between $0.33 and $0.31.
💎A bounce from this strong support area is critical. If BB fails to hold and breaks below $0.31, it would invalidate the bullish scenario, increasing the probability of a further downward move.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
GALUSDT On the Edge of Another Explosive Bull Rally? Yello, Paradisers! Are we on the verge of a major move for #GALUSDT? Let's dive into the key levels and potential scenarios to watch out for.
💎#Galxe has been trading within a well-defined descending channel on the daily timeframe, with the price consistently respecting the trendlines. The POC of VRVP is acting as a significant support for #GAL, providing a solid foundation for potential upward movement.
💎 AMEX:GAL is poised to challenge the descending resistance of the channel. A potential breakout and retest of the Bullish Order Block (OB) around $1.980 could be on the horizon. This area is packed with liquidity and could propel GAL towards a breakout.
💎If #GAL can break above the descending resistance, supported by the liquidity at $1.980, we could see a strong bullish move toward the major resistance zone around $4.000.
💎Should the current resistance hold, we might see a retest of the key support level at $1.680. This retest could provide the necessary rally for a breakout. If the key support at $1.680 fails to hold, #GALUSDT could face increased bearish pressure.
Remember, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
QNT (Quant): Falling WedgeTrade setup : Price made a new 52-week Low, which is a sign of downtrend. However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for that breakout.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $70.00, then $63.00. Nearest Resistance Zone is $77.00, then $84.00.
SUIUSDT Critical Levels to Watch as Price Tests Supply!Yello, Paradisers! Are we on the verge of a major move for #SUIUSDT? Let's dive into the key levels and potential scenarios to watch out for.
💎The price recently bounced off a strong demand area, closing with a green daily candle, signaling a possible reversal. Currently, #SUI is testing the supply area around $0.76 but is facing rejection. This suggests that the price may revisit the support level at $0.697 to build momentum for another attempt to break through the supply area.
💎If a successful breakout of the supply area occurs, this could create a strong bullish momentum, pushing the price towards the next resistance zone between $0.89 and $0.92. A decisive break above this resistance could solidify the bullish trend and align with our target area.
💎However, if SUI fails to hold at the support level and breaks down, the price is likely to revisit the strong demand zone between $0.61 and $0.559. This area is crucial for maintaining bullish prospects.
💎A bounce from this demand zone is essential; failure to do so and a subsequent break below this level would invalidate the bullish outlook, increasing the probability of a further downward move.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Long Opportunity for SAGA/USDT Based on Volume Profile AnalysisOverview:
This trade idea focuses on a long position for SAGA/USDT using volume profile analysis to identify key support and resistance levels. The setup involves entering the trade in the support zone and targeting higher resistance levels.
Volume Profile Analysis:
The volume profile indicates significant trading activity around the $1.22 - $1.40 zone, which suggests this as a strong support area. This provides a good entry point for a long position.
Trade Setup:
Entry : Long position between $1.22 and $1.40
Stop Loss : Set at $1.20 to manage risk below the support zone.
First Resistance/Targe t: $1.53, identified as the first significant resistance level.
Strategy if First Target is Broken : If the price breaks above $1.53, consider opening an additional long position and move the stop loss to $1.53 to protect the trade.
Final Take Profit : $2.15, which is the ultimate profit target based on higher volume nodes and previous price action.
Indicators :
RSI: Currently showing bullish signals, indicating potential for upward momentum.
ADX: Confirming a strong trend, supporting the long trade setup.
Conclusion :
This trade setup leverages volume profile analysis to identify high-probability entry and exit points. Proper risk management is emphasized with clearly defined stop loss and profit targets.
BTC Update: Key Levels and Market Outlook for Upcoming Weeks.Bitcoin (BTCUSD) currently holds a strong support level at $55,300. This key level presents a significant opportunity for potential gains. If the support at $55,300 fails, the next critical supports are at $52,000 and $48,500. Given the approaching bull run, we expect a bounce from these levels, particularly in Q4 2024 and Q1 & Q4 2025.
As with previous bull runs, we anticipate substantial volatility during this period. Remembering to exit the market around March or November 2025 is crucial, as the bull run is expected to conclude around this time.
Based on historical data and calculations, the Minimum target for Bitcoin in this bull run is $253,623. If Bitcoin flips the resistance at $253,623 by February 2025, we could see a maximum target of $275,780. Previous bull runs in 2013, 2017, and early 2021 exhibited unexpected price pumps, and we may witness similar volatility this time. While observing resistance zones, it's essential to keep trades active and plan to exit long positions by March or November 2025.
For more detailed analysis and future trading ideas, follow us on TradingView. Share this idea with your friends and family to maximize profits. Please like, comment, and engage with our posts for more insights. Thanks!
ADA Bull Run Insights: Historical Patterns and Future ProjectionIn this detailed analysis of Cardano (ADAUSD), we examine the current support level at $0.333, which is proving to be a significant point for potential gains. Should this support hold, ADA could see a substantial increase. However, if it breaks, the next strong support is around $0.24, where a bounce is highly anticipated due to upcoming positive events and the nearing approval of Ethereum ETFs. These events could trigger a rally in altcoins, likely to be observed in Q4 2024. Historically, bull runs have been characterized by high volatility and substantial price rises, which we expect to see again.
For the upcoming bull run, Cardano's target is projected to be at least $7, based on historical performance and calculations. If ADA flips the $7 resistance by February 2025, we could see a maximum target of $9.11. Cardano, listed during the September 2017 alt season, yielded a 7322% return and an impressive 15556% return during the 2021 bull run. For 2025, we are anticipating a return of approximately 3750%. ADA is currently forming an uptrend with its maximum resistance projected at $9.11. Historically, bull markets have seen unexpected price pumps, and we can expect similar volatility this time. It is crucial to monitor S&R zones to keep trades active and plan to exit long positions around March or August 2025.
For more detailed analysis and future trading ideas, follow us on TradingView. Share this idea with your friends and family to maximize profits. Please like, comment, and engage with our posts for more insights. Thanks!
Trade Setup: INJ at $18 SupportMarket Context:
INJ has retested the $18 support level, with buyers visibly defending this area. This support sweep indicates potential bullish momentum. If the price loses this support, wait for it to turn into a deviation before buying at this level off a higher high, then a higher low. Ideally, the price should consolidate above $22 and then break to the upside from here.
Trade Setup:
Entry: Enter a trade at $20.
Take Profit: Set profit targets at $25.50 and $30.
Stop Loss: Place the stop loss below $18 on a daily close.
📊 Monitor the price action closely and adjust your strategy accordingly! #INJ #CryptoTrading #SupportAndResistance 🎯
Trade Setup: STX Double Bottom FormationMarket Context:
STX has shown a significant rally of 200% the last time it touched this support level. With the price forming a double bottom and BTC expected to rally, this presents an opportunity for both a spot position and a shorter-term trade.
Trade Setup:
Entry: Enter a trade at $1.37.
Take Profit: Set profit targets at $1.80 and $1.98.
Stop Loss: Place the stop loss at $1.16 (on a daily close).
📊 Monitor BTC's performance closely and adjust your strategy as needed! #STX #CryptoTrading #DoubleBottomFormation 🎯
UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~$9.00), which is a sign of downtrend. We wait for price to regain those critical levels and signal resumption of uptrend. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $8.00, then $6.75. Nearest Resistance Zone is $10.00, then $12.00.
STPTUSDT is Ready for the Next Big Move? Get Ready for BreakoutYello Paradisers! Are you ready for the next big move in #STPT? Let's break down these statements and analyze what's happening:
💎#STPT is currently trading within a descending channel, which typically signals a bearish trend. This pattern showcases a series of lower highs and lower lows. However, there’s a potential breakout and retest zone just above the descending resistance. A successful breakout and retest could lead to a strong upward move.
💎#STPTUSDT has been consistently rejected by the channel as indicated by the red arrows. A break above this line could signal a potential trend reversal. 50EMA is also reinforcing this bullish outlook.
💎There's a highlighted support zone around $0.03737, this level has been tested and respected multiple times by the GETTEX:STP , making it a crucial support area to watch. It’s also where we find a bullish order block, suggesting that buyers are likely to step in at this level.
💎Within the support zone, this order block indicates strong buying interest, providing further support for a potential bullish move. The bullish outlook will be invalidated if the $STPT falls below the major support zone at $0.03565. This level is key for maintaining the current structure.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
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