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🔥 BONK: Huge Cup & Handle For Massive Profits!In this analysis I want to take a closer look at BONK's cup and handle pattern and the potential massive trade we can make based on it. I'm aware that the handle is not perfect because of the wick, but I still deem the pattern valid enough for a trade. The 2000 area seems to be holding on two separate occasions now, which makes me believe we can use it as a decently strong area of support. Target at 10.000 based on the idea that the pattern will break out and make new highs in the future. Combined, we can create a huge signal with a RR of over 25.
Long
by FieryTrading
9
Avalanche's Memecoin Rush Sparks Debate Amidst $1M InjectionThe recent announcement of the Avalanche Foundation's Memecoin Rush initiative, injecting $1 million into the ecosystem to catalyze community coin adoption, has ignited both excitement and skepticism within the cryptocurrency community. While the initiative aims to incentivize trading and liquidity provision for selected community tokens such as Kimbo ($KIMBO), Gecko Inu ( LSE:GEC ), Coq Inu ($COQ), TECH, and NOCHILL, some critics argue that it could exacerbate speculation and volatility in the market. The decision to kick off Memecoin Rush with prominent platforms like SteakHut and Trader Joe has raised eyebrows, with questions emerging about the criteria used to select participating tokens. Concerns linger over the potential for manipulation and pump-and-dump schemes, especially considering the recent proliferation of meme coins in the crypto space. Furthermore, the Avalanche Foundation's acquisition spree of community coins, fueled by a portion of its $100 million NFT incubator fund, has drawn scrutiny. While positive social sentiment, significant holders, liquidity, and project maturity were cited as criteria for token selection, some observers remain skeptical about the Foundation's motives and the long-term sustainability of meme coin projects. Eric Kang, BD Manager at Ava Labs, emphasized the importance of meme coins in the web3 space, describing them as a cornerstone of cultural expression within crypto communities. However, skeptics argue that meme coins often lack intrinsic value and may contribute to market instability, raising concerns about investor protection and regulatory scrutiny. As Memecoin Rush unfolds, it will be crucial to monitor its impact on the Avalanche ecosystem and broader cryptocurrency markets. While the initiative aims to foster broader support and adoption for Avalanche-native tokens, critics caution against the potential risks associated with meme coin speculation and the need for responsible governance measures to ensure market integrity and investor confidence.
Long
by DEXWireNews
Floki Unveils Plans for Digital Banking & Debit CardFloki Coin ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ) has unveiled ambitious plans to evolve from a meme coin to a comprehensive cryptocurrency financial solutions provider. With the release of its groundbreaking roadmap, Floki ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ) is set to disrupt the crypto landscape by introducing digital banking accounts, debit cards, and a revolutionary crypto education platform, marking a pivotal moment in its journey. Digital Banking Reinvented: Floki's roadmap outlines its vision for digital banking accounts that can be seamlessly topped up with FLOKI tokens. These accounts will enable transactions in major currencies like dollars, euros, and sterling, ushering in a new era of financial inclusivity and accessibility. By integrating with global payment systems such as SWIFT and SEPA IBANs, Floki ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ) aims to empower users with unparalleled flexibility in money transfers and transactions. Debit Cards for the Digital Age: Central to Floki's expansion plans is the introduction of debit cards, poised to revolutionize the way users interact with cryptocurrencies. Through strategic partnerships with leading payment networks like Visa and Mastercard, facilitated by a Swiss company under FINMA oversight, Floki's debit cards promise seamless integration into mainstream financial systems. This move not only enhances usability but also solidifies Floki's position as a formidable player in the fintech space. Empowering Education with the University of Floki: In a nod to the importance of education in driving crypto adoption, Floki ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ) announces the launch of the University of Floki ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ), a pioneering crypto education platform. Offering asynchronous courses on various cryptocurrency topics, initially free of charge, the University of Floki ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ) aims to demystify the crypto ecosystem and empower users with knowledge. This initiative underscores Floki's commitment to fostering a community of informed and engaged crypto enthusiasts. Revolutionizing Trading with Exclusive Tools: Phase two of Floki's roadmap introduces exclusive trading tools, including a proprietary trading bot and Floki-powered bank accounts. Integrated with popular platforms like Telegram and Discord, the trading bot enables users to trade cryptocurrencies across leading blockchains using FLOKI ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ) tokens. Notably, half of the fees generated by the trading bot will be allocated to purchasing and burning SEED_DONKEYDAN_MARKET_CAP:FLOKI tokens, driving scarcity and enhancing their value. Riding the Wave of Success: Floki's strategic initiatives come at a time of unprecedented growth, with the meme coin witnessing a staggering 600% rally in the current bull market. This meteoric rise underscores the growing demand for innovative crypto solutions and positions Floki ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ) as a frontrunner in shaping the future of finance.
Long
by DEXWireNews
4
🐶Floki Inu(FLOKI)🐶 is Ready to Fall at least 🚨➖30%🚨🏃‍♂️ Floki Inu(FLOKI) is moving near 🟡 Potential Reversal Zone(PRZ)($0.00035-$0.00030) 🟡and All-Time High(ATH) . 🌊According to the theory of Elliott waves , it seems that Floki Inu(FLOKI) has completed the main wave 3 , and we should wait for corrective waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . ⚖️ Floki Inu(FLOKI) seems to be completing similar moves , so moves 1 and 3 are almost identical in terms of percentage increase , and we can expect moves 2 and 4 to be almost similar in terms of percentage increase.👇 🔔 Based on the description above, I expect Floki Inu(FLOKI) to drop at least ➖ 30%. ❗️⚠️Note⚠️❗️: Analysis will change if Floki Inu(FLOKI) can break 🟡 Potential Reversal Zone(PRZ)($0.00035-$0.00030) 🟡. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Floki Inu Analyze ( FLOKIUSDT ), 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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
19
Solana Meme Coin Sensation BOME Enters a Bearish CycleIn the latest hour-by-hour analysis of BINANCE:BOMEUSDT , investors have observed a series of fluctuations that paint a nuanced picture of the current market dynamics. The closing prices for the pair have shown a downtrend. This movement suggests a cooling off from initial highs, pushing the crypto into a more volatile phase. The technical indicators further elucidate this narrative. The 9 Exponential Moving Average (EMA) and the 20 EMA, key indicators for short-term momentum, have both shown a decrease over the last five hours, indicating a bearish trend. The convergence of the 9 and 20 EMAs below the recent closing prices signals a weakening momentum and could suggest a bearish outlook in the near term. The Moving Average Convergence Divergence (MACD), a tool used to identify potential reversals in market direction, presents a mixed perspective. Initially, the MACD values were close to the signal line, indicating a potential for either direction. However, the histogram, which measures the distance between the MACD and its signal line, has moved from positive to increasingly negative territory, underlining the growing bearish sentiment in the market. The Relative Strength Index (RSI), hovered around the midline, with recent values dipping slightly below the neutral 50 mark, which could signal a growing bearish momentum or a potential for a reversal if the market finds support. Key Levels to Watch Speaking of support and resistance levels, BOME is currently navigating between critical junctures. The immediate resistance level at $0.012181 could serve as a barrier to upward movement, with further resistance seen at $0.012432 and a more substantial challenge at $0.013081. On the downside, the support level at $0.008991 marks a crucial point that could halt further declines and possibly serve as a springboard for a bullish reversal if the price action finds footing there. For traders eyeing entry and exit points, the current setup suggests waiting for a clearer signal. For bullish traders, a break above the immediate resistance at $0.012181 could open up opportunities towards higher levels, while maintaining stop losses just below the $0.011572 support level might offer a protective cushion. Conversely, bearish traders might consider entries on a confirmed break below the support level at $0.008991, targeting potential drops, with stop losses placed just above the $0.012181 resistance to mitigate risks.
Short
by StevenWalgenbach
3
Bearish Pressure for DOGE Starts to Dwindle, Will It Surge soon?BINANCE:DOGEUSDT has been displaying intriguing patterns on the 4-hour chart. Over the recent periods, closing prices have seen fluctuations. These movements, coupled with technical indicators, paint a detailed picture of the potential directions DOGE could take in the near term. The 9 Exponential Moving Average (EMA) and the 20 EMA have been providing key insights into the asset's momentum. The 9 EMA figures, slightly descending, suggest a tightening in price action. Meanwhile, the 20 EMA values indicate a gradual bearish sentiment building up as the price moves below these averages. Bears Ease up on DOGE The Moving Average Convergence Divergence (MACD) further corroborates this sentiment with its latest readings. The MACD values have transitioned from slightly more bearish to a less bearish position over the last few periods, indicated by the histogram turning positive in the most recent period. This subtle shift suggests a potential easing of the downward pressure, though caution is still advised. The Relative Strength Index (RSI) has also provided valuable input, moving from a low of 29.36 to a more stabilized 39.26. This recovery from near oversold conditions signals a slight increase in buying interest, possibly leading to a bullish reversal if sustained momentum continues. Given these indicators and the current price movement, the resistance and support levels come into focus. The immediate resistance levels are spotted at $0.1468 and $0.15464, with a more significant barrier at $0.17227. On the downside, support levels are established at $0.13131 and $0.11732, with a crucial level at $0.08969. These levels will be critical for traders to monitor for potential entry and exit points. For bullish traders, a sustained break above $0.13432 could open up tests of the resistance levels, while bearish traders might look for a break below $0.13131 to target lower support levels. Considering the current market conditions and technical indicators, traders might find opportunities on both sides of the market. The slightly bearish momentum suggested by the EMAs, coupled with the potential for a reversal indicated by the MACD and RSI, presents a complex trading environment. As always, it's essential to consider these indicators in conjunction with broader market trends and news.
by StevenWalgenbach
SHIB Retesting Support and May Drop to $0.00001909In recent trading sessions, BINANCE:SHIBUSDT has displayed a downward trend on the 4-hour chart, indicating potential challenges ahead for investors. The 9 Exponential Moving Average (EMA) and 20 EMA trajectories reinforce the bearish outlook. The 9 EMA values have decreased from $0.00002765 to $0.00002635 over the last 48 hours, while the 20 EMA has softened from $0.00002823 to $0.00002732, indicating a bearish crossover scenario where the short-term momentum is weaker than the long-term trend, a typical signal for declining prices. Further compounding the bearish sentiment, the Moving Average Convergence Divergence (MACD) shows a negative histogram progression, evolving from a near-zero difference to a more pronounced negative gap between the MACD line and its signal line. This transition in the histogram values suggests increasing bearish momentum. The Relative Strength Index (RSI) offers additional insight, with values consistently below the 50 threshold. This indicates that the market is in a state of bearish momentum, not yet oversold but certainly leaning away from bullish territory. The immediate resistance levels are set at $0.00002982, with further ceilings at $0.00003312 and $0.00003368. These levels represent significant barriers for any potential upside recovery. On the downside, support is found at $0.00002489, with a critical level at $0.00001042, which, if breached, could signal further declines.
by StevenWalgenbach
PEPE Drops Cools Down, but Its Decline May Not Be Over YetIn the latest trading sessions on the 4-hour chart, BINANCE:PEPEUSDT has exhibited significant price movements, with closing prices oscillating between $0.00000699 and $0.00000769. The pair's recent dynamics suggest a battleground between bulls and bears, as evidenced by the variable closings around crucial technical levels. The trends of the 9 Exponential Moving Average (EMA) values have decreased along with the 20 EMA, resulting in a bearish crossover. Such movements often indicate a potential shift in market sentiment from bullish to bearish. MACD (Moving Average Convergence Divergence) indicators further confirm the bearish outlook. The MACD values have progressively decreased, highlighting an increased bearish momentum, as seen by the widening gap between the MACD line and the signal line across the past 48 hours. This is underscored by negative histogram values, which suggest a strengthening of bearish momentum. The Relative Strength Index (RSI), hovering between 31.74 and 39.18, signals that PEPE is nearing oversold conditions. This could potentially attract buying interest if the asset dips further, though it remains essential to monitor for any shifts in RSI levels that may suggest a reversal or continuation of the current trend. The Pepe price faces immediate resistance at $0.00000782, followed by more significant levels at $0.00000806 and $0.00000897. A break above these levels could signal a shift towards a bullish market sentiment. Conversely, support levels at $0.0000067, $0.00000552, and $0.00000395 are crucial for bulls to defend to prevent further downside risks. Given the current bearish indicators, cautious traders might consider potential short entries, aiming for exits near the mentioned support levels. Conversely, should the asset demonstrate strength and break above its immediate resistance, this could offer a favorable long entry point, with targets set at subsequent resistance levels.
Short
by StevenWalgenbach
OGGY INU Oggy Inu is a cryptocurrency project that gained popularity as a meme coin within the decentralized finance (DeFi) space. Like many meme coins, its branding and community are built around internet memes, particularly the character "Oggy" from the animated series "Oggy and the Cockroaches." However, the specific utility or purpose of Oggy Inu beyond its meme status may vary, as it depends on the project's roadmap and development goals. In terms of its potential impact on the future of the internet, Oggy Inu, like other cryptocurrencies and blockchain projects, could contribute to several aspects: 1. **Decentralization**: By utilizing blockchain technology, Oggy Inu and similar projects have the potential to promote decentralization across various internet services, including finance, social media, gaming, and more. Decentralization can offer greater transparency, security, and autonomy to users. 2. **Community Building**: The strong community around projects like Oggy Inu demonstrates the power of decentralized communities in driving adoption and innovation. Such communities can collaborate, share ideas, and collectively contribute to the growth and development of the project and its ecosystem. 3. **Innovation**: Cryptocurrency projects often serve as hubs for experimentation and innovation, fostering the development of new technologies, applications, and business models. Oggy Inu and similar projects could introduce novel concepts or use cases that push the boundaries of what's possible on the internet. 4. **Financial Inclusion**: By providing access to financial services and opportunities to individuals worldwide, cryptocurrencies like Oggy Inu can promote financial inclusion. People who are unbanked or underbanked may benefit from access to decentralized financial tools and services. However, it's essential to approach projects like Oggy Inu with caution, especially considering their speculative nature and the potential risks involved in investing or participating in meme coins and DeFi tokens. As with any investment or technology, thorough research and understanding are crucial before getting involved.
PANCAKESWAP:OGGYWBNB_2CDFD3.USD
by TrojanBible
SHIB May Be Gearing up for Something Big as Is ConsolidatesBINANCE:SHIBUSDT has consolidated between $0.00002794 and $0.00003102 over the past 24 hours. Traders and investors will want to see in which direction the memecoin breaks out of this range to try and gauge the crypto’s next move. A 4-hour candle close above $0.00003102 could lead to the crypto entering into a bullish move. As such, the Shiba Inu price may attempt a challenge at the $0.00003607 resistance level in the following 24 hours. Thereafter, continued buy pressure could boost SHIB to as high as $0.00004382 in the short term.Conversely, falling below $0.00002794 may put the Shiba inu price at risk of correcting to the subsequent support level at $0.00001910 in the following 24-48 hours. Technicals Still Flagging Bearish Technical indicators on SHIB’s 4-hour chart suggest the Shiba Inu price may drop in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The MACD is positioned below the MACD Signal line, which is generally seen as a sign that a crypto is in a negative cycle. Similarly, the RSI is positioned below its Simple Moving Average (SMA) line. This could indicate that sellers are currently stronger than buyers on the short-term timeframe. Traders may want to keep an eye on the MACD indicator, as the MACD Histogram is becoming more positive. This could be the early sign of a bullish trend reversal. In addition to this, the RSI shows that SHIB is currently oversold, which may be seen as a buy signal in the coming 24 hours. For Shiba Inu (SHIB), based on the consolidation range and the technical indicators you've described, we can outline trading strategies for both bullish and bearish scenarios. Here, the focus will also be on identifying clear entry and exit points, along with managing risks effectively. Potential Trade Strategies for the Shiba Inu Price Long Position Strategy Entry Conditions: - Primary Entry Signal: A 4-hour candle closing above the $0.00003102 level, suggesting a breakout to the upside. This could be a signal for the start of a bullish move. - Secondary Entry Signal: Look for bullish signals from the MACD, such as the MACD line crossing above the signal line, or the MACD Histogram showing increasing positive momentum. Additionally, consider the RSI moving out of the oversold territory as another entry confirmation. Exit Conditions: - Take Profit: Set the first take profit target at the next resistance level of $0.00003607. If the momentum continues, consider extending the take profit to $0.00004382, monitoring closely for any signs of reversal. - Stop Loss: To manage the risk, set a stop loss just below the consolidation range, around $0.00002790, to minimize potential losses if the market moves against your position. Risk Management: - Pay attention to the volume supporting the breakout, as increasing volume can validate the move. - Adjust your position size to ensure that the maximum loss does not exceed a small percentage of your trading capital. Short Position Strategy Entry Conditions: - Primary Entry Signal: A 4-hour candle closing below the $0.00002794 support level, indicating a potential bearish breakout from the consolidation range. - Secondary Entry Signal: The MACD remaining below the signal line combined with the RSI remaining below its SMA line can serve as confirmation that the bearish momentum is likely to continue. Exit Conditions: - Take Profit: The initial take profit target can be set at the subsequent support level of $0.00001910, as a fall below the consolidation range could lead to significant downside. - Stop Loss: Place a stop loss slightly above the consolidation range, around $0.00002800, to protect against the possibility of a false breakout or sudden reversal. Risk Management: - Monitor the MACD Histogram for signs of diminishing negative momentum, which could indicate a weakening of the bearish trend. - Consider the overall market sentiment and any external factors that could influence the price of SHIB, adjusting your strategy accordingly. General Tips: - Always review the risk-reward ratio to ensure that potential rewards justify the risks. - Be prepared to exit positions if the market shows signs of a reversal that contradicts your initial analysis. - Keep an eye on broader market trends and news that could impact the cryptocurrency market, as memecoins like SHIB can be particularly sensitive to social media trends and broader market sentiment. - Consider using trailing stops in profitable positions to capture gains while protecting against sudden market reversals. Given the bearish indicators but also the potential for a reversal indicated by the MACD Histogram and the oversold RSI, it's crucial to wait for clear signals before entering trades and to manage risks carefully.
by StevenWalgenbach
Market Update - March 15 2024 BTC price hits new all-time high; surpassing silver’s market cap: Bitcoin (BTC) captured new all-time highs hitting $73.6K this week, making it the eighth largest asset by market capitalization globally. On March 12, spot BTC exchange-traded funds (ETFs) saw a record SEED_TVCODER77_ETHBTCDATA:1B of net inflows; with Blackrock’s IBIT taking in $849Mof inflows. Additionally, the London Stock Exchange indicated they will start to accept applications to list BTC and ether (ETH) exchange traded notes during the second quarter of this year. Ethereum completes biggest upgrade in almost a year; ETF odds lower: The highly anticipated Ethereum ‘Dencun’ upgrade was successfully implemented on Ethereum’s mainnet. The upgrade is designed to catalyze growth on layer-2 networks by lowering data fees and enhancing scalability. Meanwhile, Bloomberg analysts have significantly lowered the probability of a spot ETH ETF approval by the SEC to 30%, citing the agency's lack of engagement and concerns over ETH’s regulatory classification. Consumer prices rise more than expected as inflation persists: In February, prices in the United States for shelter and gas rose more than expected, likely impacting hopes for Fed rate cuts. With the February Consumer Price Index showing a 0.4% monthly increase and a 3.2% annual gain, markets are expecting the Federal Reserve will keep rates unchanged next week and start cutting rates in June, based on implied futures pricing. Memecoins and altcoins show strength: PEPE, WIF, and FLOKI led the way for memecoins with double digit percentage performance over the last 7 days. Other altcoins related to artificial intelligence, such as NEAR, RNDR, GRT, THETA, and FET, also posted double digit percentage gains over the same period. Layer one tokens such as AVAX, INJ, and RUNE posted double digital gains, and Solana registered an all-time high in daily new addresses, at over 691K. 🔒 Topic of the Week: Passkeys 👉 Read more here
GEMINI:BTCUSD
by Gemini
Pepe Coin Leaps 10% as Elon Musk's Tweet Sparks FrenzyIn a whirlwind of excitement, CRYPTOCAP:PEPE , the frog-themed meme coin, surged by 10% in a single day, fueled by significant whale movements and a tweet from none other than Elon Musk. As the crypto community braces for potential shifts. Elon Musk's Pepe Tweet: The catalyst for Pepe's meteoric rise came in the form of a tweet from Elon Musk, featuring the iconic Pepe meme. Musk's cryptic caption, "sharing memes with frens," ignited speculation about his potential interest in Pepe, adding fuel to the already blazing fire of meme coin fervor. Whale Movements and Market Dynamics: Amidst Musk's tweet, significant whale movements added to Pepe's momentum. Whale Alert data revealed massive transfers of CRYPTOCAP:PEPE tokens, with billions worth of tokens changing hands between exchanges. Furthermore, a large whale depositing a substantial amount of PEPE tokens to OKX sparked further intrigue, indicating substantial activity surrounding the meme coin. Growing Utility and Adoption: Beyond speculative trading, CRYPTOCAP:PEPE is gaining traction in real-world utility. Blockchain payments firm Zypto Pay announced integration with CRYPTOCAP:PEPE tokens, allowing users to utilize them for day-to-day spending. This adoption signals a maturation of the meme coin ecosystem, enhancing its relevance beyond the realm of memes. Speculation and Investment Surge: Elon Musk's tweet acted as a catalyst for a surge in speculation and investment in $Pepe. Derivatives data analysis revealed a significant uptick in trading volumes and open interest, indicating heightened interest and activity surrounding the token. As Pepe gains momentum, the crypto community eagerly anticipates whether it can sustain its upward trajectory and potentially shed a zero from its price.
Long
by DEXWireNews
1
🔥 FLOKI Insane Cup & Handle Pattern: Fibonacci Entry!FLOKI has seen incredible gains over the last few weeks, gaining over 800% in the last 2 months. However, I think that FLOKI is due to a minor correction. The correction is caused by both FLOKI being incredibly overbought, as well as the fact that it hit it's previous all-time high resistance area. I'm aiming for a retest of the Fibonacci Golden Pocket area between the 0.382 and the 0.5 retracements, a 30-40 percent correction from here. It might sound like a lot, but if you look at the chart FLOKI has seen multiple weeks where it corrected over 30% in a single week. Consequentially, this might pose a very good entry point for investors which have been waiting for a good entry.
Long
by FieryTrading
5
🔥 WIF: Newest Memecoin Reversal SignalWIF is one of the newer memecoins on the market and is placed in an illustrous list together with the likes of PEPE, DOGE, SHIB, FLOKI etc. As of earlier today, WIF has successfully confirmed the reversal from the bottom support of the parallel channel. This, together with an oversold RSI (for the first time since it hit Binance!) has convinced investors of a pending reversal. Stop under the most recent swing low, target at the top resistance. You can potentially turn this trade into a long-term one if the price breaks through the top resistance.
Long
by FieryTrading
2