Etherum
Opulous ($OPULUSDT): Awaiting Entry for 100% + Upside in MusicFiI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
**Opulous ( KUCOIN:OPULUSDT ): Awaiting Entry for Promising Upside in MusicFi**
Trade Setup:
- Entry Price: $0.06486 (Pending Activation)
- Stop-Loss: $0.04369
- **Take-Profit Targets:**
- **TP1:** $0.14686
- **TP2:** $0.24000
**Current Price:** $0.07048
Fundamental Analysis:
Opulous ( KUCOIN:OPULUSDT ) is leading the way in MusicFi by merging decentralized finance (DeFi) with the music industry. Through its platform, artists can mint music as NFTs, allowing fans to directly invest in their music and share in royalty streams. This revolutionary approach is disrupting traditional music rights management and has garnered significant attention from artists and investors alike.
Recent developments, such as new artist partnerships and an increase in platform adoption, underscore Opulous’s potential to drive innovation in the blockchain space.
Tokenomics Overview:
- **Total Supply:** 500 million tokens.
- **Utility:** Facilitates music NFT transactions, staking, and royalty payments.
- **Growth:** Rapid adoption within the MusicFi niche, attracting both artists and investors.
Technical Analysis (4-Hour Timeframe):
- Support Levels: $0.06500 is a strong support zone near the anticipated entry price, aligning with previous price consolidation levels.
- Resistance Levels: $0.07500 is the first key resistance, with further resistance at TP1 ($0.14686).
- Moving Averages:
- 20-EMA: $0.07000
- 50-EMA: $0.06700
- Relative Strength Index (RSI): Currently at 57, signaling neutral momentum, providing room for further upside.
Market Sentiment:
Interest in MusicFi continues to grow, with Opulous at the forefront of this trend. The unique proposition of allowing fans to invest in music royalties via NFTs is driving increased market interest. Community engagement remains strong, reflecting confidence in the project’s long-term potential.
Risk Management:
The stop-loss at $0.04369 provides protection against significant downside risk, while the take-profit targets offer excellent upside potential. TP1 represents a **126% return**, and TP2 offers a potential **270% gain**, making this trade highly attractive for mid- to long-term investors.
Key Takeaways:
- Opulous is uniquely positioned to capitalize on the growing MusicFi trend, blending blockchain with real-world applications in the music industry.
- Awaiting a pullback to $0.06486 for an optimal entry point into this promising setup.
- The trade offers a compelling risk-to-reward ratio, ideal for swing traders and long-term holders.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
TradeCityPro | ETCUSDT Still Ranging in the Box!👋 Welcome to TradeCityPro Channel!
Let’s analyze Ethereum Classic during the market's holiday period, where we saw some movement. We’ll review the triggers together.
🌐 Overview Bitcoin
Before diving into today’s altcoin analysis, as usual, let’s check Bitcoin in the 1-hour timeframe. Bitcoin is still under a descending trendline. Once this is broken, it can move toward 98599, and after that, to 99443. It’s better to open or maintain positions after breaking 99443, as volatility is expected to increase at higher levels.
Whether I open a long position after breaking the trendline or resistance at 98599 depends on Bitcoin dominance. If Bitcoin dominance shows a red candle at the time of the breakout, I’ll focus on altcoins or BTC pairs. If it’s green, I’ll prefer Bitcoin itself. This could lead to another wave movement.
📊 Weekly Timeframe
It feels like we’re analyzing forex charts—completely ranging! This is normal given Ethereum Classic’s mining-related dynamics and the heavy movements associated with it.
For around 1100 days, this coin has been ranging within a large 130% box. Without a proper trigger, investing in this range might have tied up your capital, especially when other projects provided much higher returns over the same period. This highlights the risk of entering the market without a trigger.
If you’re holding ETC and want to set a stop-loss, you can exit if a weekly candle closes below 14.68.
For re-entry, the box top trigger at 36.58 is an excellent option. Since ETC is rebounding from the box’s midline, the likelihood of breaking the top is higher. The 24.78 support level can serve as a suitable stop-loss for box breakout attempts.
📈 Daily Timeframe
ETC has been performing well since breaking the daily box top at 20.92. It moved from the box’s bottom to its top, emphasizing the 38.24 resistance even further.
The $25 level currently serves as the most crucial support, coinciding with the weekly box’s midline. Staying above $25 indicates a higher low and a rebound from the channel’s midline, reflecting stronger buyer activity. This could lead to testing 38.24 again and possibly breaking it.
If you bought after the 20.92 breakout, your stop-loss should be below 17.55, with some profits already secured. If you haven’t acted yet and if resistance at 28.49—better yet, 30.20—causes a rejection and forms a lower high, consider exiting below $25 and look for new triggers later.
For re-entry, breaking 28.49 is a potential entry point, but your main entry should be after breaking 38.24, with momentum and increased volume supporting it.
⏱ 4-Hour Timeframe
ETC belongs to the group of coins that didn’t break their 4-hour resistance and box top yesterday, possibly setting up futures positions next week.
📈 Long Position Trigger
The rejection from 28.49 clearly defines the trigger. Open a long position after breaking this resistance or after the RSI breaks 72.58.
📉 Short Position Trigger
The main trigger at 24.92 is quite distant. However, if the 28.49 resistance turns out to be a fake breakout, you can use the fake breakout strategy. Look for the first trigger in lower timeframes to open a short position.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ETH/USDT IN 15 minutes AnalysisETH/USDT 15-Minute Analysis
On the 15-minute time frame, ETH/USDT has successfully broken out of a triangle pattern, indicating potential bullish momentum. If the breakout is supported by strong volume and sustained buying pressure, we can expect the price to move toward the green target zone.
Target zone:
The green zone is the current target area, aligning with the measured move from the triangle breakout.
At this moment, it’s crucial to monitor whether the price finds support at the breakout level to confirm the continuation of the trend.
Sun Token ($SUN): Strategic Entry into DeFi Ecosystem TokenI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Sun Token ( NYSE:SUN ): Strategic Entry into DeFi Ecosystem Token
Sun Token (SUN) is a crypto in the CRYPTO market. The price is 0.02420828 USD currently with a change of -0.00058 (-0.02359%) from the previous close. The intraday high is 0.02517523 USD and the intraday low is 0.02232376 USD.
Trade Setup:
- Entry Price: $0.02197
- Stop-Loss: $0.00692
- Take-Profit Targets:
- TP1: $0.05232
- TP2: $0.08906
Fundamental Analysis:
Sun Token ( NYSE:SUN ) is integral to the TRON blockchain's decentralized finance (DeFi) ecosystem, facilitating governance and incentivization within the platform. Its role in promoting DeFi activities on TRON has garnered attention from investors seeking exposure to this growing sector.
Technical Analysis:
- Current Price: $0.02420828
- Moving Averages:
- 50-Day SMA: $0.02350000
- 200-Day SMA: $0.02200000
- Relative Strength Index (RSI): Currently at 55, indicating neutral momentum.
- Support and Resistance Levels:
- Support: $0.02250000
- Resistance: $0.02550000
Market Sentiment:
The DeFi sector continues to expand, with NYSE:SUN playing a pivotal role in TRON's ecosystem. Its integration into various DeFi protocols enhances its utility and appeal among investors.
Risk Management:
Implementing a stop-loss at $0.00692 helps mitigate potential losses, while the take-profit targets at $0.05232 and $0.08906 offer favorable risk-reward ratios. Given the token's volatility, strict adherence to these levels is crucial.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.
Ethereum Trade Alert: Next Big Move Incoming!#Ethereum Trade Setup
Entry Zone: $3,530 to $3,696
Targets:
$4,700
$5,300
$6,050
$8,954
Stop-Loss (SL): $3,169
Leverage: 3X to 5X
Don't miss this opportunity! If you missed the BTC rally, Ethereum could be your chance to catch the next big move. 🚀
#ETH #bullrun
SasanSeifi|Bitcoin Hits $99,500 ATH: Will It Cross $100K Next?Hey there, ✌ As shown in the BINANCE:BTCUSDT 2-day chart, the price broke its previous all-time high (ATH) of $73,000, leading to an impressive rally that reached a new ATH at $99,500. This strong upward movement sparked optimism for further growth. However, after hitting this level, Bitcoin faced resistance and is currently trading around $92,400.
Currently, a minor range is visible near the $90,000 price zone in the 2-day timeframe. If Bitcoin manages to hold this level and consolidate, it may enter a range phase. Following this phase, Bitcoin is expected to resume its upward trend, targeting $100,000 and $107,000.
On the other hand, if Bitcoin fails to maintain the $90,000 support and faces selling pressure, a correction may occur. In such a scenario, a confirmed breakdown below $90,000 could lead to further declines toward the $83,000 and $79,000 support levels.
The $90,000 level is critical for assessing Bitcoin’s next move. A consolidation here could pave the way for more growth. Additionally, if Bitcoin ranges at this level, altcoins might also benefit from bullish momentum.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
ETH/BTC Weekly - Ascending Trendline Support and Potential RebouThe ETH/BTC weekly chart shows a strong ascending trendline acting as long-term support. ETH/BTC is currently near this support level, where it has historically shown bullish reactions. The recent drop to the trendline suggests a potential bounce, with a green arrow indicating the possible upward trajectory if the trendline holds.
I'm personally considering this level for a potential long position, with a target near 0.08 BTC, aligning with prior resistance. However, if the price closes below the trendline on the weekly chart, I’ll reevaluate this setup for further downside possibilities.
This is my personal trade setup and not financial advice
Etherum eyes $7,300 After Wave 4 Rebound! Long-Term Analysis of ETH/USD
We are back with another in-depth look at the ETH/USD pair. It appears that Elliott Wave 4 has completed, and we may see one more wave to the upside before a larger correction occurs.
Wave 4 was particularly intense, with a sharp and rapid decline that brought the price down to the 200-week moving average (MA). This level also coincided with the lower support line of the current channel. Fortunately, we experienced a strong rebound from this area, and the market is now poised for a potential upward movement.
My target for this next leg is at the 1.618 Fibonacci extension level, which is around $7,300 per coi
The wolf pack are hunting for profits, one block at a time..🐺
Make sure to follow my new profile on X for more weekly updates! :@PuppyNakamoto
Happy trading!
COINBASE:ETHUSD BITSTAMP:ETHUSD BINANCE:ETHUSD BINANCE:ETHUSDT
EthereumI'm finding myself gravitating more towards this crypto over Bitcoin, and that's mainly due to Ethereum's price. I'll explain my chart along with what I'm anticipating.
What am I anticipating?
Price is currently breaking a key lower-high on the weekly, which happens to also be the same area as the monthly (key) lower-high. Once that bull candle closes pass those levels at the end of today then the weekly turns bullish.
Normally, price would run into an old key area in order for the retracement phase to begin. I'm looking for bull continuation to spike the A.T.H. and $5000 price point followed by a correction right into my area of interest (A.O.I.).
Do I have a "special" price within the A.O.I.?
I actually do! $2400.
In conclusion, I'm merely a spectator until the bears enter the market to drive price down, and if that doesn't happen due to bull momentum, I'll readjust.
M - 🐻
W - 🐻 *If today's candle closes above the key LH, it turns 🐂*
D - 🐂
H4 - 🐂
BTC - 4H Best Sell Opportunity#BTCUSDT is currently trading within an ascending channel that is often recognized as a bearish flag pattern, indicating a potential continuation of the downtrend. The price is approaching the top of this channel, which coincides with a significant resistance zone. This confluence of resistance levels provides a strategic entry point for short positions, offering a logical stop loss placement just above the resistance zone. The bearish flag pattern suggests that the upward movement within the channel is a temporary correction before the downtrend resumes.
Additionally, there is a notable daily timeframe support zone that has been broken and now acts as a resistance after a period of consolidation below it. This transformation from support to resistance further strengthens the bearish outlook. As #BTCUSD tests these resistance levels, the probability of a downward move increases, making this an ideal setup for traders looking to short Bitcoin. The confluence of technical factors suggests a high probability of BTC resuming its downward trajectory from the current levels.
ETH USD IdeaGreetings, Traders, and a prosperous New Year to all! As we re-enter the charts, the liquidity remains low in both the crypto and forex markets. Currently, no trades have been initiated, as we are patiently waiting for weekly order blocks to signal the commencement of the new year. Additionally, we are monitoring zones for potential discounts.
This routine tends to repeat itself each year, and historically, market activity is often subdued until the end of January. Notably, we are anticipating significant news related to the Bitcoin ETF on the 10th, which could impact our trades that have been performing well since the end of last year. Presently, we have set stops below the latest bullish distribution.
In the event of positive news on the 10th, we anticipate a substantial increase in price. However, it is crucial to acknowledge the fact that we are currently situated within the monthly bearish distribution zone. We will closely observe the developments this week and provide regular updates on our charts.
Stay tuned for further updates. Thank you, and happy trading!
ETH USD ideaOur killer trendline that hooked us up with those rad entries might be showing some signs of taking a break. I mean, it's been unreal how it's been delivering, right? But hey, let's not get too ahead of ourselves. If we're giving up that trendline and the 1620 price point, we gotta be real careful.
Here's the deal – if that trendline starts slipping away and we break that 1620 level, we're not sticking around to see if it's just a passing thing. We're playing it smart, closing those spot trades and taking a chill pill. We'll just kick back, ride the wave, and see what kind of data is rolling in.
And hey, don't stress – besides all that, the daytrading scene is looking pretty darn groovy. So, keep those eyes sharp, stay ready to bail if needed, and let's ride these waves with the finesse of true chart surfers. Stay stoked, stay sharp, and let the market vibes guide us, man! 🌊🤙🏄♂️📉
ETHUSD 4June2023ETH is currently still in the correction period, it can be quite long if you look at the current trendline pull. the invalid area is only a marker if the price goes higher then the elliot notation may fail, but that does not mean the trend returns to bullish. most likely what happens is a complex correction that can last long enough.
CRYPTO TOTAL MARKET CAP DALILY HI Guys Hope you well,
On a daily basis, we are seeing a demand zone, but I am waiting to test the Green support level for the third time as well. And then we can see a rapid upward movement.
SecondChanceCrypto
⏰23/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment.