BTC Bull Run AnalysisThe crypto market looks bullish in the long run, but it has been consolidating in the short term. BTC's price movement is being compressed for a good move in the short term. The SMA 25/150 is also giving a long signal.
Any Rally in the medium/long term requires it to break the 45000 mark, While any breakdown & closure below 38000 can harm the bitcoin rally in the medium/long term.
Until it stays within the range the supports and resistance marked in the graph are important levels to look for.
Target profit, stop loss, Risk Reward Ratio, and Position Size as per risk-taking potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
Memecoin
New: BYTEByte (BYTE) is a novel ERC meme token that creatively intertwines the worlds of cryptocurrency and popular culture.
Do your own research (DYOR).
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Dragons are the most powerful creatures!!Let's take a look at Tsuka.
This is a meme coin, yes, a dragon meme coin.
Just by looking at the technicals of this coin, it looks like it could be turning the corner. There could be a fairly substantial move coming soon. Of course nothing is confirmed yet, especially on this time frame (weekly) other than the volume. The volume has spiked up in a big way this is confirmed for two weeks straight now.
The price action
The first week lead to a 100% move (mostly in one day) which did not hold as it sold off with that very large wick. The key to all of this is even though the sell off happened the volume has remained high price action has bounced again, while the technicals are still showing strength and gaining momentum.
Final analysis
Putting all the meme coin non sense and Japanese dragon lore aside, the technicals for this coin look strong. Although the weekly is a bigger time frame and is showing some signs of a reversal, the smaller time frames have also turned even more so. The 3day time frame is worth noting. On the 3 day the stochastics are showing the momentum gaining strength and are in the buy position, the MACD looks like it will cross in the next few days as the histogram is slowly creeping into the green from red. If this follows to the 5 day it should then all translate to the weekly.
My thoughts
Although still not a popular belief, bitcoin and crypto are in the early stages of a bull market. I think it will take sometime for Tsuka to work through some price levels and conquer some Moving Averages. As it grows and gains momentum and the trend flips, it will most likely move fast. This all could happen when the belief of Bitcoin comes back and investors realize the market isn't going much lower over the next few weeks. I think the risk of this coin going lower than it's recent price of of 3 cents is very low at this time.
As always, this is not financial advice. The Markets are chaotic and there is always risk of more down side.
Kind regards
WeAreSat0shi
Sonic's Crypto Spin - 5x in the making. Go Blue!Brace yourselves, crypto sorcerers, as we're about to witness a breakout more ferocious than Sonic the Hedgehog's legendary spin attack in the realm of "Harry Potter Sonic Obama 10 Inu Coin." Get ready for a technical analysis that's as wild as a hippogriff ride and as thrilling as a showdown in the Forbidden Forest.
In the cryptic tapestry of charts, a pennant formation is emerging, and the breakout is set to be as ferocious as Sonic's spin attack. Imagine the coin channeling the very essence of Sonic's speed, turning market barriers into a blur as it charges towards a magical horizon.
Technically speaking, we've unraveled a measured move from the pennant, foretelling a 5x rise from the breakout point. It's like Sonic revving up for a spin dash, ready to break through resistance like a hedgehog breaking the sound barrier.
Hold onto your wizard hats because this crypto journey doesn't end there. The coin's trajectory takes aim at the -1.618 Fibonacci extension, akin to Sonic's spin attack colliding with a swarm of rings. Breaking through this fib barrier is a quest worthy of a true crypto adventurer.
So, dust off your running shoes, secure your golden rings, and prepare for a breakout as ferocious as Sonic's spin attack, blended with the enchanting magic of Harry Potter and the charismatic flair of Obama. This crypto adventure is more thrilling than a Triwizard Tournament and promises rewards that even Gringotts would envy. Accio profits, and may the crypto spin be ever in your favor!
MEME breakout expected, easy 5-15% profit.Dear Traders,
According to 4h chart, it shows many bullish signs.
First of all, it is a bullish flag pattern which we can see.
The RSI is below 20 for 3 days, from there the price must go upwards.
The MACD also shows some weakness with selling.
The Ichimoku cloud always represent a support and ressistance. We will be ABOVE the green cloud in two period later (8h) so it is ready to be traded safely.
Kind note that this coin should be observed frequently, because it show a higher volatility from we the traders can catch profits. So keep your eyes open and start trading.
Check my analysis on this coin before.
Take it easy.
Good lock
MEMEcoin Bullish 1H candles! Act quickly!Dear traders,
it seems like the bears have exhausted with the memeusdt- chart, as we can observe in the 1h time frame.
Rsi bullish.
I think this could be an easy 1-5% profit at least, it depends on your strategy.
Keep youreyes open, currently there is a big chance of a massive retest of the crypto market. Act responsively.
Share your ideas!
Best of luck!:)
The virtue of crypto trading or how i earned 20% in 4hours.Dear Traders!
Welcome, and thank you for reading this thread.
I write here not only to share my opinion but to have a kind of storage of my current ideas to look back in the future. Because if i made a mistake or a great move, that are both useful for the future.
The story of today.
I've been observing memecoin for a month now, and thought many times after a major price surge that the correction will be significant, and it could not grow higher. Well if you check the chart, you will see that the characteristics of this coin is that having a rapid price move upward, some correction and then does it again.
So what happened today?
I saw that today is a moderate moving day, some of my alts showing little or no increase. But guess what happening to memecoin? It price decreased by 17%. Now that was the point that i decided to get into the market. I have checked my beloved indicator the RSI on 30 min and 1h time frame, and find out that it is super bullish. Next, I have invested a major amount into the coin, then wait and observe. The price for some reason made a full resurrection from -17% and currently while i'm writing this, it is around +1,2%. And at this particular level i have sold all of my assets, and now will wait what will happen next. (I am expecting a decrease!)
I really enjoying my large profit, and just try to avoid beeing greedy now and just wait patiently until another opportunity comes to my face, because i want to trade, not to hodl or to wait too much. The volatility of cryptocurrency is only bad and harmful for those people who don't understand the market and don't have the braveness to act.
Share your biggest succes story in trading if you wish, i am more than happy to read. And of course if you have some great idea on a wave we should ride, share it ! :)
Now, i will sit back and relax.
MEME COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVE NEAR ME !!MEME Coin Next Possible Move Near Me !!
Using major indicators price look overbough on 1D &4H Chart but according to price action its bullish.
• I will look for future short trade when its price reach b/w 0.0465$-0.05$.
• Fundamentally its weak...if you take trade then make sure to set SL First Before entry &Don't use upto 1% fund
MEMEUSDT has left the fibs zone in a bull run. But bewareAs charted since 2 weeks ago, MEMEUSDT bounced around fibs zone, waiting for market sentiments.
That said, do monitor MEMEUSDT's price as BTC approches the 44-46 levels.
Despite the push up on BTC, 44 and 46k levels are strong high timeframe resistance zone. Also, there isn't anything on fundamentals that explains the push logically.
Prepare for liquidity grab.
Shibburn Explodes by 499,416%, Placing SHIB on Verge of BreakoutSHIB dwells around the $0.000008 support area as Shibburn goes parabolic.
Shiba Inu’s official cryptocurrency burning tracker, Shibburn, reported an unforeseen surge in SHIB burning over the last 24 hours. A whopping 264,204,009 SHIB tokens were set ablaze, totaling $2,245 in 13 transactions to dead on-chain wallets. Five hours ago, one Good Samaritan burned 261,408,966 tokens in a single transaction; the SHIB community praised the move on X (Formerly Twitter).
The price roller coaster for Shiba Inu escalates with the canine coin sustaining the $0.000008 key support line for five days in a row. As most altcoins face a slight market correction this Monday afternoon, SHIB picked up 1.3% gains in the last 24 hours and now trades at $0.00000846, according to independent price aggregator CoinGecko.
SHIB Monthly Upswing Bolstered by Shibarium
Besides the burn count, another significant reason for SHIB’s 8.6% monthly increase is Shibarium. The Layer-2 scaling network solution shows high demand for usage in several key metrics: crypto wallet addresses, total transactions, and average block production time.
Currently, Shibarium L2 encompasses over 1.2 million cryptocurrency wallets, while the transaction count recently hit 4,206,686, according to the on-chain signals provided by blockchain explorer ShibariumScan.io.
Shibarium’s average block production time has increased from five seconds to 8.3 seconds, and it currently has 1.83 million on-chain blocks in creation. Notably, this slightly prolonged block production time is concurrent with the increased developer activity on the network
Why This Matters
Cryptocurrency burning is an efficient way of maintaining the coin’s long-term price. Layer-2 blockchains offer builders a wide range of scaling options, while memecoins can expedite this innovation through mass appeal.
AIDOGE robot doge sit up?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Elliott Wave IDEAL projection if there is an impulse up and double ZigZag down.
Cheers.
AIDOGE Robot Pup popped!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Well the laggard finally popped!
The waves are not super clear to me tbh.
But holding 1680 is a nice start here to prove its not just a pop and drop.
If it starts breaking below would lean towards the flat on the left.
But a nice pump non the less I am in and ready for it to go! up 34% atm.
PEPEUSDT - Macro Outlook BULLISH🐸Hi Traders, Investors and Speculators of Charts 📈📉
At opening, Pepe Coin surged in trading volume, outperforming Dogecoin and Shiba Inu!
PEPE seems to have finally bottomed out after the opening crazy. This concludes the completion of the first cycle for a newly released altcoin, the liquidity drain cycle.
From the chart we clearly see a short period of accumulation where the price trades sideways after bottoming out. This is where coins are accumulated to prepare for the next cycle or market phase, which is the upwards cycle. It's hard to say distinctively how high the price can go, but back up towards the opening price is always a reasonable target.
Pepe's trading volume reached an astounding $281.3 million during the opening periods. The meme-inspired altcoin boasts a market capitalization of $631 million, exhibiting significant growth over the past week. In comparison to the more popular meme cryptocurrencies, Pepe has surpassed expectations in terms of trading volume.
Notably, Dogecoin, with a 24-hour trading volume of $189.2 million and a market cap of $9.3 billion, trailed behind Pepe despite its larger user base and popularity. Similarly, Shiba Inu, another meme cryptocurrency, recorded a 24-hour trading volume of $100 million and a market cap of $4.6 billion, falling short in comparison to Pepe's performance.
This surge in Pepe Coin arrives amidst a week of overall gains in the cryptocurrency market. Bitcoin (BTC) and Ethereum (ETH) both increased over the past week. Bitcoin's 24-hour trading volume stands at $10.6 billion, while Ethereum's is at $7.2 billion. The rise of Pepe Coin highlights the enduring popularity and unpredictable nature of meme cryptocurrencies, which often experience rapid and substantial price movements. Pepe Coin itself has surged by an impressive 64% within the past week alone.
The trading volume has been hovering around the $200 million mark, demonstrating significant interest. Moreover, Pepe Coin has achieved a remarkable 65% increase over the last 14 days. While it is still 64% below its all-time high of $0.00000431 from early May, the recent gains suggest that Pepe Coin has solidified its position as a meme token and is poised for further rallies in the future. On-chain data reveals that whales (large-scale investors) are continuing to accumulate Pepe Coin, further supporting the possibility of an upcoming surge.
Analyzing Pepe Coin's chart, despite the slight dip in the past 24 hours, several positive indicators emerge. The relative strength index (RSI) has recently trended upwards after briefly falling below 50, suggesting a potential regain of momentum. Additionally, the 30-day moving average remains significantly above the 200-day average, indicating ongoing buying pressure and a favorable position for Pepe Coin. It is worth noting that the coin's support level has increased over the past week, minimizing the potential for further decline and setting the stage for a renewed upward trajectory.
While Pepe Coin's rise may not be rooted in fundamental reasons or utility, its enduring community and market interest bode well for future gains. Whale accumulation, as demonstrated by available data, contributes to the optimistic outlook. It should be noted, however, that whale predictions are not infallible. Nonetheless, with sustained whale buying, Pepe Coin stands a strong chance of experiencing further growth in the near future. From its current level of $0.00000153, it could potentially rise to $0.0000020 in the coming weeks, with even more substantial gains expected in the months ahead, potentially toward the end of the year.
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OKX:PEPEUSDT BINANCE:PEPEUSDT BITGET:PEPEUSDT KUCOIN:PEPEUSDT KUCOIN:PEPEUSDT MEXC:PEPEUSDT MEXC:PEPEUSDT.P COINEX:PEPEUSDT OKX:PEPEUSDT.P CRYPTO:PEPEUSD
🐸 PEPE: From Memes to Charts - Riding the Double Bottom Wave! While PepeCoin (PEPE) originated as a meme coin, my preference generally leans towards fundamental assets. However, the technical landscape of PEPE presents an intriguing picture. Recently forming a double bottom pattern on the daily timeframe, PEPE is now surfing the waves of an ascending channel. Let's dive into the technical details of PEPE's chart.
Chart Analysis: PEPE's Charting Charm
PEPE, despite its meme origins, stands out on the charts with a clear double bottom formation. This pattern, occurring on the daily timeframe, often signals a potential trend reversal. The current price action unfolds within an ascending channel, a structure that typically suggests a bullish trajectory.
Anticipated Move: Ascending Channels and Potential Gains
As PEPE rides the waves of its ascending channel, traders keen on technical analysis find the setup quite appealing. The ascending channel, characterized by higher highs and higher lows, suggests a bullish momentum. Traders and investors eye potential gains as PEPE charts its course within this upward trajectory.
Trading Strategy: Navigating the Ascending Channel
For those considering PEPE, understanding the dynamics of the ascending channel becomes crucial. Identifying entry and exit points within the context of this pattern can enhance trading strategies. Keep an eye on how PEPE interacts with the upper and lower boundaries of the channel for potential trade opportunities.
Conclusion: PEPE's Journey Beyond Memes
PEPE, originating from meme culture, is carving its path not only in internet humor but also on the charts. The double bottom formation and the current ride within an ascending channel add layers of technical interest. As PEPE enthusiasts and traders navigate this journey, the potential for upward movement invites attention.
🐸 PEPE Analysis | 📈 Riding the Double Bottom | 🚀 Ascending Channel Vibes
❗See related ideas below❗
What are your thoughts on PEPE's charting adventure? Share your insights, strategies, and bullish expectations in the comments! Whether it's memes or charts, PEPE's journey continues with each trading wave.💚 📈🚀💚
MEMEUSDT possible movement till 26.111. MEMEUSDT respected 0.618 of daily fibs
2. MEMEUSDT formed support on 4 hour.
3. Anticipating level-by-level climb within the 4 hour bulllish channel.
4. 1st TP at minor resistance on the left
5. 2nd and final TP before analysis is invalidated, at structure high.
WDYT?
MEMEUSDT - Fibs analysis was right! but....Day Fibs was respected, with the bounce off fibs 0.618.
On the 4 hour, candles broke the trendline as well. However, confirmation for strong push up would be breakout above previous high, at 0.03.
Im expecting a sideways movement with gradual climb up, before a spike (blue curve line).
WDYT?
MEME/USDT Potential for Bullish Rally? 👀🚀MEME Analysis 💎 Paradisers, brace yourselves for an intriguing trading opportunity with MEMEUSDT. The asset is currently showing notable activity in the demand zone, suggesting a shift towards an upward trajectory may be underway.
💎 MemeCoin has been following a trading channel pattern with precision. It has breached this channel upwards before, and we expect it to head towards a resistance level, then likely pull back quickly, in line with its historical channel pattern.
💎 There's a considerable chance of a bullish trend beginning from the support level at approximately $0.0235. Now that MEME has successfully broken out of the trading channel in an upward direction, we're looking at a potential resistance target around $0.040.
💎 Timeliness is key for savvy Paradisers. Pinpointing the most advantageous entry points during this upward trend is crucial. It's important to avoid entering at the peak of this movement.
💎 However, remain vigilant, as there is also a risk of MEME dropping below the support level of $0.0208. A decline below this pivotal point could lead to uncertainties regarding the continuation of the upward trend.
Pepe Coin Soars As Devs Deposit Over 400 Billion PEPE To BinanceThe developer’s team behind Pepe coin recently added 418.4 billion PEPE tokens worth $0.50 million, as per on-chain analytics firm Spotonchain. As confirmed by the official X account of Pepe, the tokens were sent to Binance-earn to reward users. “We will distribute the reward for participating in the upcoming campaigns,” stated the Pepe community.
Notably, the transfer came when the Pepe coin was struggling to break the consolidation phase.
Recent Developments in the Pepe Coin Ecosystem
Previously, on 24 Oct 2023, the Pepe coin dev team executed a significant burn of PEPE tokens. The team transferred a staggering 6.90 trillion PEPE tokens, equivalent to $7.01 million, to the burn address.
According to reports, the team still retains 3.80 trillion PEPE tokens, valued at approximately $4 million. This made PEPE rally over 30% on the same day breaking the resistance and reaching a new monthly high of $0.00000134.
Additionally, the monthly update showed that the team sold over 169.8 billion PEPE for $0.20 million on October 27 at $0.000001₅. However, the rally fuelled by burn and enthusiasm cooled down afterward.
Pepe Community Celebrates #FREEPEPE Day
The enthusiasm not only circles around burns and massive deposits but also a great celebration day. The Pepe community along with famous firms like Ledger celebrates the “free Pepe Day” on Monday.
The movement aims to address the three-year-long absence of Pepe, the beloved meme, from the popular GIF-sharing platform GIPHY. Three years ago, GIPHY made the controversial decision to censor and remove Pepe from its extensive GIF directory, leaving a noticeable void for users seeking easily searchable Pepe gifs.
“Pepe is Love. Pepe is Art. This censorship is unjustified,” emphasized the community in their statement. The members believe that Pepe, being a globally recognized and cherished meme, should not be subjected to limitations on platforms that celebrate free expression.
To support to moment further, hardware wallet manufacturing firm Ledger confirmed that they will soon be launching a limited edition Pepe ledger nano collaborating with one of the Pepe artists.
All the positive things in one day made the price jump over 6%. The Pepe coin price correlation with Bitcoin stands at 0.75, which is considered as good. However, the on-chain signals as well as technical signals are both bearish.
SHIB Burn Rate Rockets 1300% As Shiba Inu Price PlungesShiba Inu (SHIB), the self-proclaimed Dogecoin killer, is once again amassing significant attention in the cryptocurrency universe as the SHIB community is continuously burning colossal amounts of tokens, with a significant surge in the last 24 hours on November 17.
Subsequently, the Shiba Inu price witnessed an extremely marginal downfall as of writing. Today’s price slump comes despite the SHIB community’s efforts to build up support for their cryptocurrency.
However, over the past seven days, the SHIB price portrayed a bullish sentiment in the broader markets as the token witnessed a minimal price surge.
SHIB Community Burning Tokens
According to recent data unveiled by Shibburn, a platform offering SHIB burning insights, a whopping 105.20 million SHIB tokens were burnt as of today. The aforestated burning of tokens represents a 1327% upswing, gaining significant traction throughout crypto markets. Furthermore, as of writing, the total number of tokens burnt amounted to 410.66 trillion.
As per the data offered by Shibburn, two colossal transactions burning significant amounts of SHIB, among many others, caught the eyes of crypto market enthusiasts. An unknown address, 0x75d9df1efe6d860218…, burnt 100 million SHIB approximately 9 hours ago, along with another unknown address, 0x46340b20830761efd3…, burning 1.5 million SHIB approximately 12 hours ago.
The massive burning of SHIB tokens comes as a result of the Shiba Inu crypto community putting in efforts to jack up the SHIB tokenomics, inducing scarcity while also uplifting the value of the remaining tokens.
Meanwhile, according to ShibariumScan data, the total transactions on the platform are nearing the 4 million mark and stood at 3.95 million.