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Alikze »» ETH | Wave 3 or rising C scenario - 8H🔍 Technical analysis: Wave 3 or rising C scenario - 8H - According to the analysis presented in the weekly time frame, after a short growth, it has entered a corrective phase up to the green box area, so we expect it to enter an upward phase up to the dynamic trigger area. - It is moving in an ascending channel in the 8-hour timeframe. - The 2062 range of wave B correction is over. - After the demand in the range of 2062, a complete movement cycle in the form of 5 waves towards the ceiling of the growth channel has continued. - A double top has been created in the area of the channel roof, which has entered a correction phase after that. - The corrective phase has completed a 5-wave cycle to the origin of the movement of the 2310 range. After that, it has a three-wave pattern up and a three-wave correction that can now enter the 3-of-3 microwaves. - In the first step, this upward cycle can continue until the supply zone (the first red box), after which it can have a short correction. 💎After that, it is expected that the big wave 3 in the middle of the channel, after a temporary correction, will enter the next bullish phase to the second red box range. 💎Therefore, the second step of the movement can have the goals of 3200 to 3500. ⚠️ In addition, in case of touching the range of 2151, the bullish scenario in the 8H time frame will be invalidated and should be reviewed and updated again. ⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« KUCOIN:ETHUSDT
Long
by alikze
Solana Hits $200: What Lies Ahead for Solana Solana ( CRYPTOCAP:SOL ) has achieved a major milestone, surging past the $200 mark for the first time since April. This bullish movement follows a wave of optimism in the broader crypto market, driven by key factors both fundamental and technical. Here’s a closer look at the catalysts behind Solana’s rise and what might be in store for this high-performance blockchain. What’s Driving Solana’s Momentum? 1. The PumFun Effect: Solana’s Meme-Coin Platform Solana has gained traction through PumFun, a meme-coin platform that has quickly become a sensation. With over 32,000 tokens launched in a single day, PumFun’s popularity has brought substantial engagement and trading volume to the Solana ecosystem. The meme-coin trend, reminiscent of previous crypto cycles, is drawing both new and existing investors, adding fuel to the current rally. 2. Pro-Crypto Sentiment Following the U.S. Election The U.S. election has further brightened the outlook for crypto markets. Trump’s recent victory has renewed investor hopes for pro-crypto policies, as his administration is expected to adopt a lighter regulatory approach. Given Trump’s historically positive stance on digital assets, many investors are optimistic about the future of crypto-friendly regulations, making Solana a top choice as institutional investors seek regulatory clarity. 3. SOL ETF Speculation: Could an ETF be on the Horizon? Following the approval of Bitcoin and Ethereum ETFs, rumors are circulating about a potential Solana ETF. If launched, such an ETF could attract mainstream investors and significantly increase liquidity for SOL. This institutional support would provide Solana with the capital needed to continue its growth, pushing SOL further into the mainstream. Technical Outlook Solana’s price action reveals a highly bullish setup. As of this writing, SOL is up 2.53%, trading with a strong Relative Strength Index (RSI) of 73, which places it in overbought territory. While an RSI above 70 often signals overbought conditions, in a sustained rally, it can also indicate underlying strength with room for further growth. On the daily chart, SOL’s price is moving within a rectangular pattern, fluctuating between defined support and resistance levels. If the current momentum continues, CRYPTOCAP:SOL could soon challenge the upper resistance level near $220. A breakout above this level would signal a shift in market sentiment and could pave the way for further gains. Next Targets: Potential Pathway to $500 If Solana ( CRYPTOCAP:SOL ) can break through the $220 resistance level, analysts suggest that the next major target would be around $500. This ambitious price point reflects the fundamental growth in Solana’s ecosystem and increased investor interest, driven by the catalysts mentioned above. The Road Ahead for Solana Solana’s strong fundamentals, coupled with the ongoing hype around PumFun and potential regulatory shifts, create an ideal environment for further growth. As CRYPTOCAP:SOL continues to attract a broad audience and speculation over a SOL ETF grows, the blockchain’s appeal to mainstream and institutional investors becomes more likely. However, investors should keep an eye on potential pullbacks, especially given the overbought RSI. Market corrections are a natural part of any rally, and temporary retracements may provide buying opportunities for long-term investors. Conclusion: Solana’s journey past $200 reflects both fundamental strength and technical promise. As long as the ecosystem continues to grow, supported by the potential for favorable regulation, Solana is well-positioned for long-term gains.
COINBASE:SOLUSDLong
by DEXWireNews
Don't F@ck up the Banana zone!This is the Others marketcap vs the Bitcoin Market cap chart. With their respective Banana zones for the past couple cycle and the current one we have already started. The KEY takeaway is you should be feeling the FOMO and kind already have been deployed into your favourite #Alts This #altseason may yield one of the worst performances in a cycle --- which I have warned a few times now. And finish sooner than you think. If you had waited for confirmation of a altcoin breakout and rotated/bough at the sad face this how your returns would have been crippled. 21 X ----> 5.8X 2017 6.4X ----> 3X 2021 3/4X -----> 1.75X/2.3X 2025 Drastically different. I hope you have found this chart informative. Smash the likes.
CRYPTOCAP:OTHERSLong
by BallaJi
Solana’s Cup&handle, Bullpennant, & symmetrical triangle targetsSolana already with a strong green candle on the Daly right now as price action is currently above the brown rimline of the cup and handle. Will be interesting to see how quickly it is able to confirm the breakout, still not completely validated yet but looking promising on the daily chart(not shown here). Since these patterns seem most valid on the monthly time frame it is going to take more than just one bullish daily candle close to confirm the breakout most likely. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
WIF COIN LONG OPPORTUNITY - Solana Memecoin WIF is one of the top memecoins on the Solana blockchain. It often shows strong momentum, especially when Solana is moving upwards. Watching WIF can be useful for tracking both Solana’s trend and the memecoin market. Technical Analysis: The price recently ran the daily swing liquidity and tapped into the weekly demand zone, where it faced strong rejection and began an upward move. We also saw rejection near the bearish trendline that has influenced the downward trend over the last few weeks. I’ll be looking for lower time frame confirmations around $2.12, which aligns with the 4-hour demand zone and Fibonacci retracement discount level. Stop Loss: $1.85 Target 1: Bearish trendline Target 2: $2.69 Target 3: $2.96
Long
by UA_CAPITAL
Bitcoin: Small Dip to $49k Or Crypto Winter down to $15k?There are two potential options for Bitcoin price. 1) Price will complete ABC correction as we have A-B in place already. The wave C could retest the valley of wave A at GETTEX:49K 2) Large red second leg down could complete a bigger correction. It could retest the bottom of leg 1 around $15k. Only below GETTEX:49K we can see what structure is unfolding. What are your thoughts why such a huge collapse is possible? Media says miners start switching to AI investments to drop cryptos. Please share your thoughts down below
Short
by aibek
1
Will Solana Break or Bounce?The price of SOL (Solana) has dropped from around $183.38 to around $173 today, showing a downward trend in the H1 timeframe. However, it's important to note that SOL has not broken below the critical support zone of $173.51 to $172.66. Instead, it's been moving sideways on this zone. We'll be keeping an eye on this situation. If SOL breaks below the $173.51-$172.66 support zone, that could signal a further decline in price. On the other hand, if the price bounces back from this zone, it could indicate a potential continuation of the upward trend.
by TheCryptoCity
ETHEREUM is 1.1 TRILLION DOLLARS less valuable than BITCOINor -78% The flippening was a common narrative. ETH as hard money was also a narrative - in reality only when gas is exorbitant. ETH as a world computer was the early narrative. Bitcoin deserves it entry on to the world stage cycle. ETH can become a 1 Trillion dollar + network. Sharding and splintering of the network effects of the mainet clearly is not value creating. Splitting of communities and economic energy was the result. Solana flippening is a good narrative that we are following this cycle. Coins are the product of these smart contract platforms. At the moment the best coin factory is SOL. BTC is scarce. No coins are allowed to be created on it's. The Bitcoin forks had the stink of a founder, a human attached to it's network ... not what capital allocators. They wanted a autonomous network that runs by itself and ossificatoin of the code. A complicated spaghetti bowl of code that the core dev team refuse to tinker with. The results is clear at this point in time.
CRYPTOCAP:ETHLong
by BallaJi
3
$SOL Long Set upsIf We Get A Move Down 50% retrace of this up move wouldn't surprised me. Week before the election might give us a good discount to add a spot/perp longs to. The Plan Try not to freeze in time and wait for a perfect set up to happen. Most times the set up isn't perfect, most cases all you see is panic and fear when that dip actually comes. You also might think it'll go lower. Execute your plan and stay to it. MY plan is to bid the retest of the range we broke out of. (6-7month range). Have a stop loss to the previous low. It's a bull market. SHORTING will get blown out. Think Higher. Happy Trading & Good Luck.
COINBASE:SOLUSDLong
by BushiTrades
1
Solayer Labs Launches $sUSD: A Game-Changer for DeFi on SolanaSolayer Labs has announced the launch of LSE:SUSD , a yield-bearing, real-world asset-backed synthetic stablecoin on the Solana blockchain. This innovative protocol marks a significant milestone in the DeFi space, particularly for Solana, which has recently shown bullish momentum. Unveiling the LSE:SUSD Protocol The LSE:SUSD protocol, co-designed with OpenEden, allows users to earn yields on CRYPTOCAP:USDC deposits, thereby democratizing access to stable, low-risk financial assets. The unique feature of LSE:SUSD is its self-rebasing mechanism, which reflects interest earned directly in users' balances without requiring staking. This design ensures that users see their balance grow automatically, with current yields estimated at an attractive 4.33% annually, based on US Treasury yields. The launch of LSE:SUSD is particularly noteworthy as it was introduced following Solayer Labs’ achievement of surpassing **$200 million** in total value locked (TVL) in Q3. This indicates robust user interest and a solid foundation for future growth. Technical Aspects of LSE:SUSD From a technical standpoint, LSE:SUSD is built on Solana’s Token-2022 standard with an extension for interest-bearing tokens. Unlike traditional stablecoins, users are not required to stake their assets to earn yields, which significantly simplifies the user experience. The yield is automatically reflected in the users’ balances, making it more accessible to a broader audience. The protocol operates as a non-custodial Request-For-Quote (RFQ) marketplace, allowing only owners to create or destroy $sUSD. This system facilitates seamless transactions across various qualified real-world asset (RWA) tokenizers, providing a secure and efficient minting process. Technical Outlook for SOL As of the latest trading data, CRYPTOCAP:SOL is up 2.8%, with a bullish RSI of 68, indicating it is approaching overbought territory. Nevertheless, the pivot point is set at $200, presenting an opportunity for strategic buyers. Notably, Solana has recently surpassed Ethereum in trading fees, showcasing its growing dominance and potential as a leading blockchain for DeFi applications. A Bright Future for DeFi on Solana The launch of LSE:SUSD is not just another stablecoin; it represents a significant shift towards integrating real-world assets into the DeFi ecosystem. By offering users a chance to earn yields on CRYPTOCAP:USDC deposits while also providing a low-risk financial asset, Solayer Labs is paving the way for broader adoption of DeFi solutions. Additionally, the launch includes various incentive programs, such as a 10x yield boost on the first $10,000 deposits during the initial minting phase, starting October 30th. This strategy aims to attract early adopters and boost liquidity in the LSE:SUSD market. Conclusion The introduction of LSE:SUSD by Solayer Labs is a testament to the growing synergy between DeFi and traditional finance. As the DeFi landscape continues to evolve, LSE:SUSD stands out as a compelling option for users looking to explore yield-bearing assets in a secure and user-friendly manner. With the expectation of further developments and potential airdrops, Solayer Labs is well-positioned to lead the charge in DeFi innovation on Solana.
COINBASE:SOLUSDLong
by DEXWireNews
SOL/USDT: Bull Flag Breakout: Potential 10x Opportunity Ahead!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! SOL is looking very promising on the higher time frame. It’s breaking out of a bull flag structure on the 2-day chart. We’re just waiting for one more candle for confirmation, but once confirmed, SOL could be set for a potential 10x move. Consider accumulating on dips! Entry Range: $145 - $175 Target: $800 - $1000 What do you think of SOL’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
Long
by CoreCrypto1
4
10/28 Confirmed yearly bull flag. Overview : The AMEX:SPY closed the week lower, breaking a six-week winning streak that had started just before the first rate cut. NASDAQ:QQQ managed to stay green, hovering near an all-time high. Last week, the Fed reported 738,000 new home sales and 3.84 million existing home sales. Notably, while existing home sales are declining in a descending triangle pattern, new home sales have been forming an ascending triangle—signaling diverging trends in housing demand. The job market showed resilience, with jobless claims lower than the last two readings, indicating improvement. However, this job strength could complicate rate cuts since the Fed targets stable inflation around 2%. This week brings major data releases: Tuesday’s job openings, Wednesday’s Q3 GDP, and Thursday’s and Friday’s PCE, Core PCE, and the U.S. unemployment rate. Expect a quieter start to the week but brace for potential volatility in the latter half. According to the CME tool, the likelihood of no rate cut has dipped to 1.1%. This rate cut probability has fluctuated widely over the past two weeks, from 13% to 1%, making it crucial to understand how the CME calculates this metric: 1.Market Data: Fed Funds futures prices reflect market expectations for Fed rate changes. 2.Probability Calculation: The tool derives implied rate change probabilities from the difference between current rates and futures prices. 3.Assigning Probabilities: Each possible outcome—rate cut, hike, or no change—is assigned a probability based on the futures data. CME Group holds a key position in financial markets, having formed from the merger of major exchanges: the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and Commodity Exchange, Inc. (COMEX). This vast network underscores why CME’s Fed tool is a pivotal reference for understanding rate expectations. In the crypto world, ETFs, especially those from BlackRock, have been on a BTC buying spree, significantly outpacing their usual purchase amounts four out of five trading days last week—continuing a pattern that began on October 14. Since then, BTC has climbed from the key level of $62.8k to around $69k, although other institutional players remain less active. This is reminiscent of BlackRock’s February buying spree, which saw BTC rise from $52 k to $61k in just two weeks, with BlackRock averaging $600 million in BTC purchases daily. We’re watching this as a potential signal, though no one’s showing similar interest in ETH ETFs, not even BlackRock, who seems to have stopped DCAing into it. BTC TA : W : The week ended with a small red candle, a relatively calm finish considering BTC is nearing $70k. Could this set us up for a breakout ahead of election results and potential rate cuts? D : Volatility hit hard last week, as anticipated. After a rally to $69k, Friday saw a dip, but big players defended the $66.5k level. Zooming out, BTC’s price rejected the upper bound of a year-long bullish flag, confirming the breakout on October 16 and reducing fake-out risks. However, there are currently no bullish divergences across MACD, RSI, CVD, or OBV. 4h : The recent triple divergence has been cleared, with no new divergences appearing. 1h : Overbought RSI and a shooting star at Monday's open signal a short-term correction, with support at $68.2k and $67.7k. Alts Relative to BTC : ETH remains in a consolidation phase, still far from breaking all-time highs like BTC. SOL has been tracking BTC's moves more closely, while NEAR is close to its yearly low of $3.8. Meanwhile, SUI, APT, and TAO saw 20%-30% corrections last week. Bull Case : We’re breaking out of a year-long bull flag, potentially en route to $100k, with BlackRock leading the charge. Trump appears likely to win, the CME tool shows only a 1% chance of no rate cut, and gold is on the rise. Unless gold crashes, BTC might hold steady. Bear Case : Is this just another bull trap set by market makers? Fear and Greed Index : 54 – Neutral. We may see a shift to greed if BTC breaks above $73k.
COINBASE:BTCUSDLong
by EvgenCapital