Ethereum (ETH)Ethereum Technical Analysis (ETH/USDT)
📊 Timeframe: Weekly and Daily
🔍 Current Status: Ethereum is in a long-term ascending channel and is currently attempting to break through its weekly resistance zone (red area).
📈 Bullish Analysis (Scenario 1)
Weekly Resistance and Price Stabilization:
Ethereum is currently facing weekly resistance (red zone).
Stabilizing above this resistance could pave the way for a new ATH (All-Time High).
Bullish Targets (Fibonacci Levels):
First target after breaking resistance:
Top of the ascending channel
Fibonacci 1.618 zone, which serves as a significant resistance.
If the channel’s top is broken, parabolic moves can be expected.
Further targets include:
Fibonacci 2.272 and 2.618 levels
Reaction to the Trendline:
By connecting the previous two highs of Ethereum, a trendline is formed.
Increased volume could trigger a price reaction to this line.
This trendline overlaps with Fibonacci 3.272 and 3.618 levels.
Achieving these targets will require significant capital inflows due to ETH’s high market cap.
RSI Indicator:
A rising channel is visible on the RSI.
Entry into the overbought zone could trigger a parabolic move towards the RSI channel’s ceiling.
If hype and volume increase, the RSI ceiling may break, extending into the overextended zone.
📉 Bearish Analysis (Scenario 2)
If Ethereum fails to break the weekly resistance:
A correction towards Fibonacci 0.382 and 0.5 levels is likely.
Failing to hold these levels may bring the price down to the lower boundary of the descending channel.
If selling pressure increases:
The price may move towards the weekly blue support zone.
🔗 Conclusion:
Ethereum is at a critical resistance level. Breaking and stabilizing above the weekly resistance could push ETH to higher Fibonacci targets and new ATHs. If the resistance holds, a correction towards Fibonacci support levels is possible.
📌 Key Point: High volume inflows and RSI movement will play a critical role in fulfilling the bullish scenario.
💎 Key Fibonacci Levels:
1.618 🔹 Initial Resistance
2.272 and 2.618 🔹 Higher Targets
3.272 and 3.618 🔹 Final Targets
📊 Daily Timeframe: Watch for potential corrections to Fibonacci 0.382 and 0.5 support levels.
Smartcontracts
Zilliqa (ZIL)🔢 ZIL Analysis
🔹 Overall Status: The ZIL coin, after experiencing a downtrend within a descending channel, has now reached the channel's upper boundary. The PRZ zone (green zone), weekly resistance, and the upper boundary of the descending channel have acted as strong resistance, halting further upward movement. Currently, the coin is moving downward.
🔹 Support and Resistance Analysis:
1️⃣ Support Levels:
Initial Support: Fibonacci level 0.382, which could prevent further price decline.
Additional Supports: If the 0.382 level is broken, Fibonacci levels 0.5 and 0.618 will serve as subsequent support zones.
2️⃣ Resistance Zone:
PRZ Zone: Strong trading volume in this area indicates the potential for breaking this resistance.
🔹 Price Movement Predictions:
Bullish Scenario (if PRZ is broken):
The price could move toward the blue zones, overlapping with Fibonacci levels 1.618, 2.618, and 3.618.
High trading volume in this scenario would reinforce the validity of the movement.
Bearish Scenario (if the correction continues):
The upward wave that started from the bottom of the descending channel has now reached the 0.382 Fibonacci level.
If this level fails to hold, the price correction may extend to the 0.5 and 0.618 Fibonacci support levels.
🔹 RSI and Entry Signals:
Monitoring RSI behavior on daily and weekly timeframes is essential.
RSI entering the Overbuy zone could serve as a positive signal for further upward movement.
The midline of the ascending RSI channel may act as significant support.
✅ Conclusion and Recommendations:
1️⃣ Key Support and Resistance Levels:
Supports: Fibonacci levels 0.382, 0.5, and 0.618.
Resistance: PRZ zone and blue zones (Fibonacci targets).
2️⃣ Entry Strategies:
Enter incrementally after a correction and near key support levels.
Consider entry after breaking the PRZ zone and confirming price stability above it.
3️⃣ Risk Management:
Monitor trading volume near support and resistance levels to confirm price movements.
Track RSI behavior to gauge the strength of the trend.
💡 Don’t forget to manage your capital wisely and pay close attention to price action near critical levels.
ETHEREUM projects to $18,000 Using logarithmic projections the measured move of this #HVF takes #ETH well in to the teens.
The caveat being it may not happen in 2025 but completes the pattern, later on this decade.
It is a big market cap of around 2 trillion based on the current circulating supply.
So not a pie in the sky valuation at all.
@TheCryptoSniper
Chainlink (LINK)📊 Comprehensive Analysis of Chainlink (LINK)
🔍 General Overview: Chainlink (LINK) has maintained a long-term upward trajectory within an ascending channel. Over time, it has reached significant price targets. After hitting a weekly resistance zone (red area), the price entered a short-term descending channel in the daily timeframe, eventually breaking out of this channel and reaching the weekly resistance level.
🕰 Technical Analysis
Current Situation:
After breaking the descending channel, LINK's price reached the key weekly resistance zone (red area).
High trading volume indicates strong buyer activity, suggesting the potential for breaking through this resistance.
RSI Analysis:
The RSI is approaching the overbought zone on the daily timeframe. A breakout above this level could signal further upward momentum.
Key Price Levels:
Scenario 1: If the red resistance zone is broken, expect a sharp price movement toward the blue zone and higher targets.
Scenario 2: If the resistance fails to break, a short-term correction is likely.
🎯 Price Targets (Fib Levels)
First Target: The blue zone, aligned with the 1.618 Fibonacci level and the midline of the ascending weekly channel.
Second Target: The 2.618 Fibonacci level, potentially extending to the upper boundary of the long-term ascending channel.
💡 Summary
Bullish Scenario: Breaking the red resistance zone and stabilizing above it could trigger a strong, impulsive move toward the Fibonacci targets and the blue resistance zone.
Bearish Scenario: Failure to break the weekly resistance zone may result in a pullback toward lower support levels or the bottom of the ascending channel.
📌 Recommendations:
Confirm breakouts with substantial trading volume.
Closely monitor RSI behavior, particularly near overbought levels.
Always anticipate unexpected corrections and prioritize stop-loss placement, risk management, and capital preservation.
DERO is extremely undervalued.DERO a homomorphic encrypted blockchain with secure and private smart contracts is truly one of it's kind.
With a fast 18 second block time, being a layer 1 private decentralized application platform with instant syncing and fast transactions DERO is extremely undervalued.
The blockchain is relatively new and is in it's alpha stage which means there will be lots of future development coming.
Recently TELA is launched, TELA enables the secure and decentralized storage of application files on DERO's blockchain using smart contracts.
This makes the DERO protocol capable of hosting true WEB3.0 decentralized webApps.
Welcome to the future!
#Chainlink has massive upside potential vs #BitcoinIf it repeats it's performance of the last cycle.
could we see 1 link trade for 0.0025 of a Bitcoin
at $100K Btc price this equates to a $250 USD value for Link
The problem is the trap in not being able to exit effectively at these prices due to thigh volatility and minimal time spent trading at these ratio's
So discipline and a plan is required.
An optimistic Bull run scenario for #Cardano #ADAADA has already broken out from a W bottom
with a pattern target of just under $1
A big question for ADA investors is,
can Charles, help push Cardano to make a new #ATH
We don't know
Charles doesn't know
But let's have an optimistic mindset
there is a scenario I can see playing out
where ADA males an inverse head and shoulders in the future
and points to roughly 2X ing the previous.
Bull trapping people who will assume it can got to $10 and beyond.
Obviously any value above $3 is in the danger zone
CARDANO: Hydra update Bullish for ADAHi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
Cardano (ADA) has gained significant global recognition as a blockchain platform due to its emphasis on scalability, security, and interoperability. Frederik Gregaard, CEO of the Cardano Foundation, recently shared his vision for potential use cases, envisioning a future where Cardano plays a pivotal role in areas such as supply chain management, digital identity, and decentralized finance (DeFi).
In recent developments, Cardano welcomed the launch of Empowa, a new platform built on its network, which aims to address the housing crisis in Africa. Empowa operates as a DeFi platform, providing affordable housing loans to low-income families within the country. The platform operates entirely on Cardano's infrastructure, demonstrating the platform's capability to support innovative solutions.
Furthermore, Cardano has introduced Hydra, a scalability solution designed to enhance its mainnet's transaction throughput. Hydra serves as a layer 2 scaling mechanism that enables a significant increase in transactions per second while maintaining the security and decentralization aspects of the Cardano network. This becomes particularly significant as Ethereum experiences surging gas fees, prompting users to explore alternative options.
Looking ahead, Cardano's founder, Charles Hoskinson, who is also a co-founder of Ethereum, consistently emphasizes the importance of true decentralization as a global imperative. Cardano continues to prioritize scalability, security, and interoperability, attracting developers and entrepreneurs interested in building decentralized applications with practical use cases. With the recent launch of Empowa and the upcoming implementation of Alonzo, Cardano showcases its potential to emerge as a significant player in the realms of DeFi and smart contracts. The introduction of Hydra further strengthens its position as a secure and scalable blockchain platform.
The underlying technology of Cardano and its recent launch have the potential to disrupt traditional financial service providers and institutions in several ways:
Decentralization and Trust: Cardano's blockchain technology operates on a decentralized network, meaning that it does not rely on a central authority or intermediary for transactions and record-keeping. This decentralized nature eliminates the need for traditional financial institutions as middlemen, reducing transaction costs and increasing trust in the system. By leveraging blockchain's transparent and immutable nature, Cardano offers a trustless environment where participants can interact directly without the need for intermediaries.
Scalability and Efficiency: The scalability solutions implemented in Cardano, such as the Hydra protocol, enable the network to process a high volume of transactions per second. This scalability advantage allows Cardano to handle a large number of users and transactions simultaneously, providing efficiency and faster settlement times compared to traditional financial systems that may suffer from bottlenecks and delays.
Lower Costs: Traditional financial institutions often impose high fees for various services, including remittances, loans, and cross-border transactions. Cardano's decentralized infrastructure and smart contract capabilities can significantly reduce costs associated with these services. For example, decentralized finance (DeFi) platforms built on Cardano can provide lending, borrowing, and other financial services at a fraction of the cost compared to traditional intermediaries.
Inclusion and Accessibility: One of the key advantages of Cardano is its potential to provide financial services to underserved populations. By leveraging its interoperability features, Cardano can facilitate cross-border transactions and enable access to financial services for individuals who are unbanked or underbanked. This inclusivity can help bridge the gap between different economic strata, empowering individuals and communities that have been historically marginalized by traditional financial institutions.
Innovation and Smart Contracts: Cardano's platform enables the development and execution of smart contracts, which are self-executing contracts with predefined conditions that automatically execute when the conditions are met. Smart contracts offer a programmable and auditable framework for various financial applications, including decentralized exchanges, lending platforms, and insurance services. The ability to create innovative financial products and services on Cardano opens up new opportunities for entrepreneurs and developers to disrupt the traditional financial landscape.
While the adoption of Cardano and its technology in the mainstream financial industry is still in its early stages, the platform's focus on scalability, security, and interoperability positions it as a potential competitor to traditional financial service providers and institutions. As Cardano continues to evolve and attract more users and developers, its impact on traditional finance could become more significant in the future.
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X for XinFin ⚔️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🚀 Following a 175% surge in July / August , XDC has been in a correction phase for the last couple of month.
However, XDC is currently approaching a strong support zone around 0.04 marked in blue.
📈 For the bulls to take over again and start the next impulse upward, we need a break above the last major high in red around 0.055
📉 Meanwhile, XDC would be bearish and can still test the blue support where we will be looking for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#AVAX doom scenario casting down to below a $1The major head and shoulders is there for everyone to see
the sub dollar target is with a log scale target
preposterous?
we have seen large projects completely roundtrip
so tell me why not?
in the world where Avax is to drop 90%
what price will #BTC and #ETH be ???
Consolidation of CASPERIt is quite possible that Casper could consolidate between 3 and 6 cents for another couple of months. Great time for accumulation. IPwe and Zug protocol can help to swing higher in late 2023 or early 2024. Minimum target during bull run is 20 cents. Has potential to go as high as 2 dollars though (depending on the partnership announcements and adoption).
DERO RisingDero is a privacy-focused cryptocurrency that aims to provide fast, secure and anonymous transactions utilizing innovative blockchain technologies. The focus is on enhanced Privacy and Smart Contracts while maintaining the transparency and security of the blockchain. DERO is the first crypto project to combine a Proof of Work blockchain with a DAG block structure and fully anonymous transactions based on Homomorphic Encryption.
DERO will be the first Homomorphic Encryption based blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains. At present DERO has Smart Contracts on old CryptoNote protocol testnet. For a closer look at the salient features of the DERO project: github.com
Price Action: DERO hit a recent low of $3.75 on 10 March and surged 154% in the following weeks to hit a 2023 high of $9.54. It has now retraced 26% since then and has found support around the 50 day Simple Moving Average (SMA) ie. $7.11
This could be an interesting time to accumulate DERO for the next bull-run.
ORAI: $10.0 | a mid term investment Big Data Big Data and Ai is the future that will be eseential by 2030
connecting machines to \facilitate smart contracts etc.
this can be a leader if it plays it very well
similar to LUNA FTM POLYGON ... it just needs the right mix of team to make it in the big cap league
for the few like Google Microsoft TESLA etc are already in place
which i think are on the lookout to acquire partner more.. in addition to CHAiNLiNK and Ethereum
$COVAL off table, nice gain today - other positionsNot sure if posted these
$COVAL ripped today, would have held longer but $BTC weakening, took close to previous peaks in area #NFT #metaverse
In this day 35% is good!
$LOOM lil weak, will take off, tiny loss
$TRU = took TINY stab because of influencer who posted, they spoke highly on it
Not doing that again as will keep to our trading, holding because @ support
$ADA looks good, not crazy of project but should pump with $BTCSold 1/2 $MATIC close highs, was going to rebuy
Just saying, we go back to highs
It's 3x, not bad but NOT what I'm looking for in Bull
$ADA = 10x, still NOT what I want but better
However, which has likelihood getting to highs?
Feel dirty buying this😄
#crypto #ADA #MATIC
Waves Rally Finally Reached The EndThere is a swelling storm
And I'm caught up in the middle of it all
And it takes control
Of the person that I thought I was
The boy I used to know
But there is a light
In the dark, and I feel its warmth
In my hands and my heart
Why can't I hold on?
It comes and goes in waves
It always does, always does
We watch as our young hearts fade
Into the flood, into the flood
this is having its double top/ blowoff on a day when bitcoin is down badly.
this is indicative that speculators are rotating into waves for one last haven of bullish liquidity.
look for a rapid volume slow-down and price to crawl back down to sub $40 in April
finally the attractive 3rd wave?crab harmonic pattern:
X=$0.276
AB=0.61 XA
BC=0.38 AB
1.6 BC=$0.047
0.78 XA=$0.056
2 BC=$0.093
0.88 XA=$0.118
2.24 BC=$0.142
2.6 BC=$0.277
1.13 XA=$0.729
3.6 BC=$1.61
1.27 XA=$2.1
4.23 BC=$4.79
1.41 XA=$5.89
1.6 XA=$27.85
Butterfly, triangle, flagbutterfly harmonic pattern:
AB=0.78 XA
BC=0.88 AB=$0.034
tp1=0.78 BC=$0.47 or 0.88 BC=$0.65
tp2=0.88 BC$1.29
tp3=1.6 BC=1.27 XA=$7.5
tp4=1.6 XA=$34
tp5=2.24 BC=$53