Long Shadow TokenTraders,
Until BTC gives us something more definitive, I'll be cautious on the long side. Conviction from the market may not occur until after the having, but, as always, we'll be watching the charts for a head start. That being said, there are a few altcoins that I believe are especially attractive right now. One such token is SHDW, a L2 Solana-based token. Recently, Coinbase announce this token listing on the roadmap. This gave SHDW a boost from 1.40 all the way up to 2.90. I am also a long-term hodl'er on this little gem and sold some of my hodl'ings up around 2.60 or so for I beautiful gain. I have since re-entered and along with that re-entry, think it's worth adding to our trade portfolio. Soon (though the date is unknown) it will be listed on Coinbase as well as other major exchanges. And when that happens ...moonshot. TBH, my target of 2.90 is probably rather conservative because once this thing is listed, it will fly. However, true to good trading practices, I will be taking at least some profits at that double-top 2.90 area. I will probably then let the remainder ride, trailing my stops as we go.
To purchase this token, I have connected my wallet on the Jupiter exchange (jup.io). There are a number of wallets that can be utilized but both Metamask and Phantom are also accepted.
Entry - 1.83
Targets - 2.00 and 2.90
SL - 1.29
RRR - 2
Best,
Stew
JUPITER
$JUP 1$ PlanI'm back at LSE:JUP with a large back SPOT ONLY.
This project have a huge potential, you can be bullish on CRYPTOCAP:SOL and bearish on $JUP.
Let's do some math
CRYPTOCAP:ETH ATH Market Cap was 575B$ While CRYPTOCAP:UNI was 24B$, that's 4.2%
Let's take that to CRYPTOCAP:SOL , let's say CRYPTOCAP:SOL will reach 300$ in the bull market.
CRYPTOCAP:SOL at 300$ will take the Market cap to 130B$, at this level LSE:JUP should be at 5.2B$
That's a 4$ for $JUP.
This is not a FA, the math is just for fun.
JUP/USDT Primed for a Bullish Momentum? JUP Analysis 💎Paradisers, let's take a moment to focus on #JUPUSDT, as it's showing signs of a potential breakout from its descending channel pattern.
💎At present, #Jupiter is making a push toward the descending resistance, moving up from the demand zone. This movement opens up the possibility for a price bounce from this zone, aiming for an upward trajectory with the bearish Order Block (OB) as its forthcoming target.
💎Nonetheless, if LSE:JUP doesn't manage to rebound and instead falls below the demand zone, we could see a pullback to the Bullish OB vicinity around the $0.453 mark, where it might gather strength for another upward push.
💎The Bullish OB zone has historically been a key area for initiating strong market recoveries upon contact. But, if this zone fails to hold, indicating a shift to bearish momentum, the price may set a new bullish course from a lower standpoint.
💎In the event that #JUP is unable to capitalize on this momentum from either the current or a subsequent level, a continued descent is likely. Rest assured, your ParadiseTeam is ever-vigilant, prepared to assist you through these shifting market dynamics.
JUP target 2.74h time frame
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JUP is creating a continuation structure since correcting from 1.61. There are two potential structures that JUP would make, first one is triangle, which entry is 1.17, second one is a falling wedge, which entry is 0.9. Therefore, we need to put SL below 0.9 to avoid being liquidated once JUP goes the wedge pattern.
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TP: 2 / 2.7
SL: 0.77
$JUP - Bullish to $10+2021 #UNI
vs
2024 #JUP
Zoom Out n Chill, anon.
CRYPTOCAP:SOL is CRYPTOCAP:ETH from 2021.
#JUP is #UNI from 2021.
#JUP is hands-down the #1 aggregator in the space and is regularly doing more volume than #UNI. However, #JUP is also much more than an aggregator. It is an all-in-one platform for all things Solana, is a perps exchange, a launchpad (with potentially shared revenue via staking), + much much more.
This project will be huge. You know I am bullish on CRYPTOCAP:SOL if you have been following my charts (see all my charts dating back to calling the bottom at $8 CRYPTOCAP:SOL ).
The fractal chart vs #UNI is a good baseline, and circulating market cap helps to put things in perspective where #JUP is at in the greater spectrum.
GL HF.
Elon is going to Mars, We are going to Jupiter.
- @CryptoCurb
(Curb)
#JUP: IS GETTING READY FOR A BIG Move!#JUP/USDT
Jupiter (JUP) is a sophisticated swap aggregation engine that provides critical liquidity infrastructure for the Solana ecosystem. It is also expanding its DeFi (Decentralized Finance) product portfolio, which includes a comprehensive suite of Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
The coin has experienced a significant surge of 80% in the last two weeks. This could indicate a moment of interest for investors who've had their eye on it.
The suggested strategy for JUP is to accumulate the coin on every dip, meaning investors take advantage of temporary decreases or corrections in stock prices to increase their position. This approach is based on the belief that the overall trend of the coin is positive, and buying during dips could lead to potential profits when the price rises again.
The accumulation zone for JUP is up to $0.6.
#DYOR LSE:JUP BINANCE:JUPUSDT
#JUP/USDT#JUP
The price is moving in a descending triangle and sticking to its boundaries well
We have respect for the lower border of the channel at 0.4600
We have an uptrend on the RSI that the price is following well
Entry price is 0.5126
The first target is 0.5260
The second target is 0.5429
The third goal is 0.5624
JUP - Jupiter in DANGER after Airdrop Criticism ❗📉Hi Traders, Investors and Speculators of Charts📈
Because Jupiter is newly released, we're currently seeing that first hard initial dump. This is mostly airdrop holders dumping and traders shorting on the way down. And unfortunately in the short term timeframe, there isn't sufficient buying pressure showing up to outweigh the enormous selling pressure:
Being unable to close ABOVE resistance after that low wick indicates heavy selling pressure and insufficient buying pressure, short term.
Another scary development is criticism from the community about the airdrop. According to a few news outlets, users are concerned that Jupiter is using this open market opportunity to raise funds without users being “completely aware” this was the case.
A key issue raised is about the Jupiter team’s method of offering JUP on the open market.
Users are claiming this is basically to raise funds from the open market and according to critics, this detail was not clearly communicated to those participating, leading to discussions about the level of transparency and the degree to which buyers were making informed decisions.
The Jupiter team has been very active on X and quickly responded to concerns. Meow, the founder of Jupiter, wrote in an X post that the team would have received more funds had they opted for an over-the-counter deal or a regular initial DEX offering. According to the team, the reason they had launched their token in the way they did was to ensure that airdrop recipients would be able to sell into a massive pool, while prospective buyers would have the assurance that there would be a big enough pool to absorb selling pressure from airdrops.
We have gathered just enough data from the exchanges to form a 200d moving averages in the 1h. Naturally, to even begin to consider a trend reversal, we would need to see price action ABOVE all the moving averages in the 1h:
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CryptoCheck
KUCOIN:JUPUSDT
🚀Jupiter(JUP) is Ready to Go UP🚀🔥Today, I want to analyze the Jupiter(JUP) project for you; this is one of the trending projects and has recently been listed in the exchanges.
📚What Is Jupiter(JUP)❗️❓
As one of the industry's most advanced swap aggregation engines, Jupiter excels in delivering essential liquidity infrastructure for the Solana ecosystem. Moreover, Jupiter is actively expanding its DeFi product offerings, featuring a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
🏃♂️ Jupiter(JUP) is moving near 🟡 Potential Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🌊According to the theory of Elliott waves , Jupiter(JUP) seems to have succeeded in forming a corrective Leading Diagonal .
📚From the point of view of Classical Technical Analysis, the Leading Diagonal is the Falling Wedge Pattern .
🔔I expect Jupiter(JUP) to rise to at least the 🔴 Resistance zone($0.57-$0.55) 🔴 after breaking the upper line of the Leading Diagonal .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Jupiter Analyze (JUPUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
JUP Where to buyI think JUP is going to drop a little bit more. It's pretty weak on every timeframe, and there is not a strong support that can reverse the price now. I see a support level at 0.495, the level -0.618 of the recent leg up. If we will get there, it could be an interesting entry point with a good R:R
After tendline breakout, can JUP hold this support zone?Major Support Level: 0.565-0.575
Major Resistance : 0.625- 0.64
There is a breakout from a trendline as you can see on the chart. Then it reachd the support and the trendline is retested and seems like it got a rejection from there. So here is some possibilities of more downward movement. We may see new bottom (ATL) in case it breaks the support zone.
But if it somehow can hold the support then we will price reclaiming the 0.62-0.64 zone. In this case, there will be a weak resistance around 0.605
Might drop to support-1 Hour Chart in Downtrend First off the Total market cap 3 chart, BTC, and Solana is below there fob 50% Retracement level so that is not good on Jupiter or the altcoin market. Jupiter is in a downtrend on the Gann Swing chart with RSI negative, MACD touching negative, SAR trending down, Supertrend down, and the Aroon down. Only indicator that is up on the hourly is the DMI. Looking for the price to test the support and hopefully it doesn't close below it, just wick down.
Market Update - February 2, 2024Weekly Market Update - February 2nd 📨
Fed Votes to Hold Interest Rates Causing Stocks to Tumble
SEC Set to Approve Ethereum ETF by May
Record Breaking Trading Volumes for Solana Dex in Wake of LSE:JUP Airdrop
Ethereum ETF:
According to a new report by British multinational bank Standard Chartered, the U.S. Securities and Exchange Commission (SEC) is set to approve Ethereum (ETH) exchange-traded funds (ETFs) by the final deadline for approval on May 23, potentially doubling the current price of ETH.
The report expressed strong confidence in an approval, citing the fact that the regulator has not classified ETH as a security.
$700M LSE:JUP Airdrop to Solana Wallets:
One of the biggest token airdrops ever took place on the SOL blockchain this week, as the Jupiter network started distributing roughly $700 million worth of its JUP token to nearly a million SOL wallets.
Token trading on Solana decentralized exchanges briefly surpassed trading on Ethereum-based exchanges in December, and with the latest JUP airdrop, it could very well flip in favor of Solana again.
Stocks:
Markets closed down -1.61% and -1.94% respectively, caused by the pushback of an interest rate cut, and amplified on the day due to a number of the tech giants showing underwhelming earnings on Tuesday evening and opening lower on Wednesday morning.
🏦 Topic of the Week: What is an ETF?
Read more here
JUP (Jupiter) sell off done, undervalued - super longI think JUP had a quick sell off and big investors will now step in.
For me me JUP is really undervalued and I don't see any reason to wait for better price.
The marked zone in the chart is for me a great DCA area for a short time trade.
Very bullish on JUP - non financial advice!