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Pointofcontrol

TOTAL 3 - Crypto Total Market Cap excluding BTC and ETHVery technical. A global trend, followed by a correction to the 0.618 Fibonacci level and the global order block, which is also the PoC (Point of Control) of the entire trend movement. We're clearly moving within a kind of wedge. We haven't been fans of technical analysis for a while, but part of it will always stay with us. I think this is one of those moments when, after it plays out, people will look back and say: "How obvious it was." There are two options here: either one more update of the lows on altcoins or a correction upwards. Two scenarios, but globally, it doesn't change anything.
CRYPTOCAP:TOTAL3Long
by -NIKO-
RDNT/USDT Trading ScenarioAs a result of the cyberattack on Radiant Capital's protocol in October, their token RDNT lost value significantly, hitting an all-time low of $0.0375. According to the volume profile, many participants are actively accumulating the token at discounted prices, and the current decline is not deterring buyers. The protocol developers are also working on eliminating the consequences of the attack and strengthening security. In the long term, the price is expected to recover and RDNT is to continue to grow during the altcoin season. Such situations with fundamental protocols often provide an opportunity for high returns over the medium to long term.
by Rick_SimpleSwap
BAL/USDT Trading ScenarioAfter reaching a local maximum in 2024 at a price of $6.192, the asset has since declined, hitting a low of $1.544, a drop of over 94%. Currently, the asset is trading near this minimum price. The volume profile in this price range indicates strong interest from market participants for accumulation. Given this interest and the current market dynamics, there is a likelihood of continued short-term decline, which could trigger additional liquidation of weak positions and create more favorable conditions for further accumulation. This may lay the groundwork for recovery and potential growth of the asset as the market stabilizes and investor sentiment shifts.
by Rick_SimpleSwap
CRV/USDT Trading Scenario UpdateThe asset is currently trading at $0.2568, which is significantly lower than its local high of $6.7862—a decline of over 97%. However, despite this drop, the Curve Finance platform continues to draw attention from market participants, maintaining a Total Value Locked (TVL) of $1.8 billion, indicating a high level of trust in the ecosystem. Volume profile analysis shows considerable interest in the asset within the current price range, which could signal the formation of a strong support level. Increased trading volumes further suggest heightened buyer activity, creating potential for a price recovery.
by Rick_SimpleSwap
BNB/USDT Trading Scenario UpdateAt the beginning of 2024, after a short-term accumulation phase, BNB showed a significant increase, reaching a local maximum of $723.5. This growth amounted to more than 140% from previous levels. Currently, the asset is in a prolonged accumulation phase, which has been ongoing since March until the present day. From a volume profile perspective, the current price zone represents significant interest for market participants. It is also important to note the shift of significant volumes and the Point of Control from the $315 level to $584. The shift of the POC to a higher level ($584) indicates that market participants are showing interest in buying at higher prices, which in turn could serve as a prerequisite for sustainable price growth in the future. A breakout of the local maximum level at $723.5, followed by consolidation above, could open up the potential for further growth of BNB. If this resistance level is successfully overcome, the asset may enter a bullish trend phase with new price targets.
by Rick_SimpleSwap
SHIB/USDT Trading Scenario UpdateAfter a significant increase in February and reaching a local maximum of $0.00004575, the price declined to the $0.00001080 mark, which represented a drop of over 76%. As a result of this decline, the quote nearly reached the POC volume level at $0.00001032. Near this level, a rebound was observed, followed by an attempt at recovery. From the perspective of Fibonacci levels, the current asset price is within a favorable range for purchases (between 1 and 0.75). In this range, medium-term purchases can be considered with a target price of $0.00002746, which corresponds to the 0.5 Fibonacci level.
by Rick_SimpleSwap
LDO/USDT Trading ScenarioAfter reaching a new high of $4.027, the price of LDO significantly declined, dropping to $0.863, which corresponds to a fall of over 78%. According to the volume profile, the asset broke through the POC volume level at $2.4. Special attention should be given to the increase in volume in the range of $1.026 to $1.135. This range shows active growth and is approaching the POC level, which could signal a potential reversal and the start of an upward trend.
by Rick_SimpleSwap
1
ETH/USDT Trading ScenarioAs of writing, the asset is trading near the support level of $2130. This level was established following a sharp decline and an attempt at a quick recovery. If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound. A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
by Rick_SimpleSwap
OP/USDT Trading ScenarioAfter reaching an all-time high of $4.866, the asset's price corrected by more than 78%, returning to a zone of interest for participants, as defined by the volume profile and the key POC level. According to Fibonacci levels, the current asset price is in a buying zone. In this situation, based on indicator readings, it's possible to consider building a position in OP assets with the aim of holding and potential growth to at least the 0.5 Fibonacci level, corresponding to the price point of $2.61. There is also the possibility of further price movement with a new ATH.
by Rick_SimpleSwap
TON/USDT Trading ScenarioThe decline in the TON value following the arrest of the founder of Telegram and the TON platform mirrors the scenario of BNB's price drop after the arrest of Binance's CEO. At that time, BNB lost over 30% of its value, then entered a sideways trend. However, with the start of BTC's rise at the end of December, the asset's price not only recovered but also surged by more than 280%. In the case of TON, we are observing a similar situation, making the current price attractive, while any further decline provides an additional opportunity to increase returns. The TON network and the Telegram messenger are fundamental factors contributing to the trust in this asset.
by Rick_SimpleSwap
CRV/USDT Trading ScenarioOver the past 820 days, CRV has been in a steady accumulation phase, as indicated by volume profile analysis. In early August of this year, the asset reached a new all-time low at $0.1794. This decline led to a significant increase in buying volumes, signaling strong investor interest and active accumulation of positions. The volume profile analysis reveals a concentration of trading volumes in this price zone, which is characteristic of an accumulation phase. The continuous price decline, coupled with rising buying volumes, suggests that the asset may be preparing for potential future growth. Considering the current accumulation phase and the increasing interest from buyers, it can be inferred that the asset is on the verge of potential growth.
by Rick_SimpleSwap
6
ZEN/USDT Trading ScenarioZEN has been trading within a sideways range for over 630 days, hovering near price lows around the $5.52 mark. During this period, significant volume accumulation has been observed, as confirmed by the volume profile. Additionally, a notable increase in trading volume has occurred during the formation of this range. As the accumulation phase nears its end, with the onset of altcoin season, there is potential for an upward breakout and subsequent strong price growth. In the current price zone, a buying opportunity may be considered, holding the main position until the 0.5 Fibonacci level or higher, with partial profit-taking along the way.
by Rick_SimpleSwap
ATOM/USDT Trading ScenarioAs a result of "Red Monday," the price chart of ATOM hit new lows since 2022. Notice how the price stabilizes in the range of $6.551 to $14.216. This range indicates heightened interest from market participants, confirmed by the volume profile. Amid widespread panic, the asset's price moved outside this range. From a long-term investment perspective, this situation appears promising. The current price may represent an opportune entry point into the asset.
by Rick_SimpleSwap
PEPE/USDT Trading ScenarioAfter hitting a new local high of $0.00001726, the price of PEPE entered a prolonged correction, dropping to $0.00000768, a decline of over 55%. In this range, the price found significant interest from market participants and nearly reached the high-volume level (Point of Control, POC), from which it bounced back and attempted to recover. Currently, the asset is in a consolidation phase, and according to the volume profile, interest in this price zone remains. The price might drop further, which could pressure new participants and provide an opportunity to buy at lower prices, closing out losing positions. A downward move and testing of the 200-day moving average appear promising for medium-term entry with the goal of setting a new local high.
by Rick_SimpleSwap
ETC/USDT Trading ScenarioAfter reaching a local high of $39.65, the price of ETC sharply corrected to $18.15, a drop of over 50%. According to the volume profile, the price fell into a local accumulation zone near the Point of Control (POC), from which a reversal movement began. Additionally, there was a third touch of the descending support level. In the current price range, buying the asset is appealing both for adding to a long-term portfolio and for a speculative trade, with potential to close the position around the resistance level of $39.65.
by Rick_SimpleSwap
SHIB/USDT Trading ScenarioAmid the overall negativity in the cryptocurrency market, SHIB has significantly dropped in price, falling from a local high of $0.00004605 to $0.00001272. This decline amounts to more than 70%. The asset's price has nearly reached a range of global interest among participants, as confirmed by the volume profile. Currently, there is an attempt to recover the price and consolidate below the downward-sloping resistance level. We can anticipate a breakout of the downward-sloping resistance level, followed by consolidation above it and further price growth. The resistance level may be at $0.00002963. However, the possibility of continued price decline should not be ruled out, with a potential drop to the Point of Control (POC) at $0.00001032 and a subsequent bounce from that level.
by Rick_SimpleSwap
NEAR/USDT Trading ScenarioAfter reaching a local high of $8.981, NEAR corrected to $4.453, resulting in a decline of over 50%. Subsequently, the asset attempted to recover but failed to reach the previous local high and once again headed downward, retesting the $4.453 level and breaking below the 200-day moving average. Currently, the asset is trading near the newly formed resistance level and the 200-day moving average, with support provided by the volume profile. Under current conditions and within the summer market context, a continuation of the downward movement can be expected with the aim of liquidity accumulation. This situation appears quite attractive for opening a position in this asset and holding it until new significant sell signals emerge.
by Rick_SimpleSwap
XRP/USDT Trading ScenarioThe XRP’s price has dropped to a significant support zone at the $0.4504 level. This is the fourth time the price has returned to this area. Historically, the price has bounced off this zone. An increase in trading volume is also observed in this price area. This zone serves as an accumulation area. In the future, a sharp price drop can be expected with the aim of gathering liquidity accumulated below this zone, followed by an upward price movement. The next resistance levels are at $0.6265 and $0.7493.
by Rick_SimpleSwap
RNDR/USDT Trading ScenarioThe RNDR asset price demonstrated the formation of an inclined support level, which was successfully tested three times, followed by a confident rebound. In parallel, an inclined resistance level is observed, from which the price bounced twice. In the context of the volume profile, the asset is trading in a range between $7.895 and $11.088. Currently, the price has bounced off the sloping resistance level for the third time, which could lead to a continuation of the uptrend. If the breakdown and consolidation above this level occurs, growth to the local maximum at $13.839 is possible.
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by Rick_SimpleSwap
2
BOME Trading ScenarioThe asset price chart has completed the correction from the $0.018578 level to the $0.007099 level, which represents more than 60% of the correction. Currently, the asset is trading within the ascending trading channel, pushing away from the sloping support and resistance levels. The volume profile indicates that participants continue to demonstrate interest in continuing the ascent within the channel. Touching and rebounding from the sloping support level may be an optimal entry point for a position that will continue to grow, with a probability of subsequent breakdown of the sloping resistance level and continued upward movement.
by Rick_SimpleSwap
ARB/USDT Trading ScenarioWe are considering a scenario of price movement for ARB. Currently, the asset is within a price range that attracts active market participants' interest. This interest is confirmed by the analysis of the volume profile and increased activity on the vertical histogram. The asset's price is currently below the resistance level at $1.2746, which is above the point of control at the price level of $1.1439, acting as support. We can expect a continuation of the upward movement upon overcoming the resistance level at the price of $1.2746 and consolidating above it. The next significant point may be the overcoming of the 200-day moving average, above which the resistance level is at the price of $1.6051.
by Rick_SimpleSwap
THETA/USDT Trading ScenarioWe're looking into the scenario of price movement development on THETA. Right now, the asset is trading below the resistance level at $2.5757. There's a chance it could break through this level if the volume profile supports it. This could show that buyers are getting more interested. The next significant resistance is at $3.1098. From this level, there might be a correction and testing of the broken level, which will confirm its strength as a new support. There's a chance that further consolidation under the new level, with a probable move higher, will be seen. This will depend on the preservation of buying pressure and favorable market conditions.
BINANCE:THETAUSD
by Rick_SimpleSwap