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Faling Wedge $PNUT major breakout ahead?!PNUT is gaining momentum by accumalation. Since it's all time high it has set of in a downtrend and lost 52% of the ATH price. An easy gain of 100% if the ATH gets reached again. The Faling wedge is a bullisch pattern that in most cases breaks out to the upside. On the lower timeframe we can identify a bottom and that could suggest that the break out is getting fuel for it's momentum. As long as BTC dominance is high we can see some more accumulation but that's just fine for the extra power in the way up. You can trade the FW on breakout and retest. The breakout preferably has larger volume then the last average volume. The second green candle after the retest is you signal to buy. Check this retest and confirmation on de the lower time frames so you'r not missing the sweetspot. If traded with leverage place a SL just a bit below the former low.
Long
by RP_cryptotrader
BUY Opportunity for PEPE/USDT – More than +10% Upside Potential!Is it now, or will you miss the boat? PEPE has broken out of a descending triangle pattern and is currently testing the breakout level near 0.00002000, offering an excellent buying opportunity with a potential upside of over 10%. This classic descending triangle breakout, combined with a pullback to retest the breakout line, often signals the beginning of a bullish trend. Entry Plan: Traders are advised to wait for rejection confirmation from 0.00002075 (support entry line) on lower timeframes (1H/30M) before entering. This validation ensures strong buyer activity and improves the chances of a successful trade. Final Note: PEPE is at a critical decision point. If buyers step in now, it could lead to a significant upward push. However, as with any trade, proceed with caution, monitor price action closely, and always manage risk effectively. Sidenote: Share your thoughts or results if you’re already trading this setup or planning to enter. Let’s grow together. Good luck! 🚀
Long
by YMTunkuLuqman
$PEPE update on 1D is bullishCRYPTOCAP:PEPE is currently in a rising channel, heading towards a target of 1300. Support and resistance levels are strong, with both the MACD and RSI in an uptrend. While CRYPTOCAP:PEPE is moving up, this momentum appears to be short-term. The MACD is already high, and the RSI is nearing overbought levels, suggesting a likely rejection around 1300, after which these indicators will need to reset for the price to potentially overcome this resistance. Look at the chart to identify key support levels— CRYPTOCAP:PEPE is expected to bounce off them while the RSI and MACD reset. Compared to other altcoins, CRYPTOCAP:PEPE has pumped faster, meaning it will likely consolidate for several weeks after this short-term rise. A strong rejection at 1300 is highly probable. Despite this, the overall trend remains bullish. With a bottom formed at 600, CRYPTOCAP:PEPE appears to be in an uptrend that could last for several months.
Long
by CryptoNikkoid
2
DOGE/USDt: Famous Pattern Indicates Continuation To The Upside Falling peaks and rising valleys have built famous Triangle pattern on the hourly chart of DOGE/USDt. It's a consolidation after a big rally, which means more upside move is ahead. Watch the price to break out of the pattern. The target is located at the widest part of Triangle added to the break point. Its located at 0.533 Breakdown of Triangle would invalidate the pattern. RSI has managed to keep above the neutral point during this consolidation. This supports the idea of further move to the upside
Education
by aibek
SHIB Swing Long Idea -SHIBA Memecoin TrendSHIB is the second-largest memecoin of all time, and I believe it hasn't reached its full potential yet. We've recently seen huge rallies in DOGE and BONK (refer to my previous analysis, where we captured over a 50% rise in BONK in just two days). I expect SHIB and DOGE to continue surging in the coming weeks. Notably, SHIB hasn’t reached its Spring 2024 high yet, unlike other memecoins, which gives me additional confidence that SHIB has much more room to grow. Technical Analysis: Price is rebounding from a monthly demand zone and has created a weekly demand zone by breaking the bearish trendline that has governed the downtrend since Spring 2024. I'm expecting a retracement back to the weekly demand (marked as the purple zone), which aligns with the Optimal Trade Entry (OTE). It may retrace as far as the trendline, or it may not. I'll be looking for confirmations within the purple zone, labeled 'Max Discount Zone. SL: 0.0152 TP: 0.0456 (Spring 2024 high)
BINANCE:1000SHIBUSDT.PLong
by UA_CAPITAL
BENDOG LONGLooking at the daily chart, BENDOGUSDT has shown a significant deviation below the previous support level, followed by a recovery back into the range. This deviation suggests potential accumulation, which could lead to a breakout above the current consolidation zone. Trade Plan: - Entry: Current price level (~0.0123 USDT) or upon minor pullbacks if price holds above the deviation range low. - Targets: - TP1: 0.0170 USDT – potential resistance area within the previous range. - TP2: 0.0320 USDT – aligns with the next significant resistance, offering strong upside potential. - Stop Loss: Below the deviation low, around 0.0090 USDT, to limit downside risk. This setup aims to capitalize on a trend reversal and breakout from accumulation.
Long
by SerenityEquity