[LONG] Blue means go (again) Tokenfi's TOKEN
### RSI Analysis on TOKEN from Tokenfi
#### Overview
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is primarily used to identify overbought or oversold conditions in a market. Generally, an RSI below 30 is considered oversold, and an RSI above 70 is considered overbought.
#### Current RSI Reading
As of the latest analysis, the daily RSI for TOKEN from Tokenfi is reading at 11.25. This extremely low RSI value suggests that TOKEN is deeply oversold.
#### Historical Performance and Patterns
Historically, TOKEN has shown a tendency to rebound strongly from oversold conditions as it makes its way into overbought territory, often indicated by the PMAR (Price Move Average Range) or PMARP (Price Move Average Range Percentage) metrics. Let's delve into what this could mean for the current market situation.
#### Analysis
1. **RSI at 11.25**: This is an exceptionally low reading, significantly below the traditional oversold threshold of 30. It indicates that TOKEN has been aggressively sold off, potentially due to market overreaction or broader market downturns.
2. **Historical Rebounds**: Observing past performance, TOKEN has demonstrated a pattern of substantial price increases following periods of being oversold. These rebounds often propel the RSI from the oversold territory into the overbought range (typically above 70).
3. **Potential for a Pump**: Given the current RSI of 11.25, there is a strong potential for a significant upward price movement. Historical data supports the notion that TOKEN often experiences sharp increases in buying pressure once the RSI reaches such low levels.
4. **PMAR / PMARP Indicators**: As TOKEN begins to recover, monitoring the PMAR and PMARP indicators will be crucial. These indicators can provide additional confirmation of the strength and sustainability of the upward movement. Typically, as TOKEN approaches these overbought territories, further analysis using these metrics can help in decision-making for profit-taking or continuing to hold.
#### Conclusion
The daily RSI reading of 11.25 for TOKEN from Tokenfi suggests that the coin is currently in a deeply oversold state. Based on historical patterns, this condition often precedes a significant price rally. Traders and investors should keep a close eye on the RSI and PMAR / PMARP indicators as TOKEN has a high likelihood of moving from its current oversold condition towards the overbought territory, potentially offering substantial gains.
#### Recommendations
- **Entry Point**: Given the RSI is at an extreme low, this could be an opportune entry point for those looking to capitalize on a potential rebound.
- **Monitoring**: Regularly monitor the RSI and PMAR / PMARP metrics to gauge the strength of the recovery and identify optimal exit points as TOKEN approaches overbought conditions.
- **Risk Management**: As always, employ proper risk management strategies and consider setting stop-loss orders to protect against further downside risks.
By staying informed and vigilant, traders can potentially take advantage of the oversold conditions in TOKEN and position themselves for gains as the market corrects itself.
TOKEN, the revolutionary cryptocurrency from TokenFi, the creators of FLOKI, has been making waves in the market with its unparalleled success. By providing a simple, all-in-one platform for creating tokens and tokenizing Real World Assets (RWAs) without requiring any coding knowledge, TOKEN has democratized access to the lucrative tokenization and RWA market, projected to reach $16 trillion by 2030.
Unmatched ROI and Constant Growth
TOKEN's innovative approach has resulted in consistent large ROI, making it an attractive investment opportunity for cryptocurrency enthusiasts. By allowing users to launch their own ERC20 (or BEP20) compliant tokens on multiple popular crypto chains, including +3 EVM compatible blockchains, TOKEN has opened up new avenues for token creation and RWA tokenization.
Comprehensive Features and Tokenomics
TOKEN's Token Launcher offers a range of features and tokenomics to customize your token, including:
1. **Treasury Fee**: Collect and distribute fees to the project's treasury wallet.
2. **Burn Fee**: Make your token deflationary by burning tokens on transactions.
3. **Reflection**: Automatically redistribute fees to all token holders.
4. **Buyback Liquidity**: Ensure long-term price stability and value growth.
5. **Liquidity Setup**: Create a liquidity pool on major decentralized exchanges.
Generative AI for NFTs
TOKEN also offers the power of Generative AI for NFT launches, enabling users to create high-quality artwork quickly and easily. This cutting-edge technology has streamlined the NFT creation process, making it more accessible and efficient.
TOKEN's unprecedented success is a testament to its innovative approach to token creation and RWA tokenization. With its user-friendly interface, comprehensive features, and impressive ROI, TOKEN is an attractive investment opportunity for those looking to tap into the growing tokenization and RWA market.
Solusdt
SOL Solana Bearish PennantIf you haven`t sold SOL close to the top:
Solana, hailed for its scalability and performance within the cryptocurrency ecosystem, finds itself ensnared within the confines of a bearish pennant formation, signaling potential headwinds for the altcoin in the near term. With a looming price target of $125, Solana faces mounting selling pressure as it grapples with the implications of this ominous technical pattern.
A bearish pennant, characterized by a brief consolidation phase following a sharp downward move, often precedes further declines, reflecting a temporary pause in selling pressure before a potential continuation of the prevailing downtrend. Solana's recent price action mirrors this pattern closely, with each attempt at recovery stymied by strong resistance, reinforcing the prevailing bearish sentiment.
SOLANA USD Bearish Robbery Plan to steal moneyMy Dear Robbers / Traders,
This is our master plan to Heist SOLANA / USD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
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SOL - down before upIn the LTF, SOL is holding important support at 130 so not keen on a market short, but if we can see a bounce to 150 range while BTC rejects 66-67 again, I would look for a medium term short play down to 80-100 range.
Market structure looks ugly rn. Money is being dried out from SOL shitcoins (most down 50-90%). It would have to take BTC to break 67 and push towards 70 for SOL to look somewhat saveable. but even then, You should short SOL/BTC and/or SOL/ETH. Both look infinitely than SOL.
SOL - Were you entertained?At $21 I predicted SOL will get back to ATH. (see below)
This is an update of the idea where I provide detailed comparison to a bearish shark. This also plays with how I see BTC and rest of crypto. Unlike what is being said by others, I believe we are closer to the end of the crypto rally.
Please boost idea and follow.
SEC Ends Ethereum 2.0 Investigation
Bitcoin prices fell Monday as nearly $500 million in positions were liquidated: Long positions took the majority of the losses.
Deutsche Telekom, parent company of T-Mobile, to join Bitcoin mining sector: The move could enhance network security but also increase competition among miners.
Consensys says SEC has ended its Ethereum 2.0 investigation: The announcement confirmed that ETH sales are not securities transactions – marking a significant victory for the space.
The Financial Stability Board met in Toronto to discuss regulatory challenges presented by stablecoins: The collaboration with the IMF began last year, with plans to produce a policy paper on the issue.
Waka Flocka Flame's new memecoin, FLOCKA, launched on the Solana blockchain, faces criticism amid a roughly 77% price drop: The massive falloff highlighted one of the major issues with the celeb-coin trend.
🐕 Topic of the Week: Shiba Inu: The Doge-Inspired Upstart Memecoin
👉 Read more here
SOLOKING - 1H || TP1 5X, TP2 10X, TP3 100XThe currency is currently at a great discount, making it an excellent time to buy for those who want to strengthen their position. It’s considered the best entry point before prices go up. There are many buy signals, and the team behind the project is strong and hardworking. This is a long-term investment opportunity. The team has been working super hard and they just listed on Bitmart and on MEXC in less than two days after launch.
Key highlights about $SKING:
- Initial liquidity pool of 5,350 SOL ($700k+) has been burnt 🔥
- Minting and freezing accounts have been revoked
- No tax on transactions
- No team tokens
First Target: 5x
Second Target: 10x
Third Target: 100x
Final Target: 100x to 1000x (Open)
Reasons to Buy:
Oversold
Fibonacci Reversal
Strong Divergence
Hardworking Team
Bullish Falling Wedge
And More! Don't miss it
Solana (SOLUSDT): Buzzing towards Honey Voyage $189Join CryptoHoney Traders Kingdom on a swift expedition targeting $189.
Our analysis blends technical patterns with market dynamics, suggesting a potential climb.
We've spotted strong support that's been a reliable launchpad for upward trends, and with our indicators aligning, our thesis strengthens. However, we're not without caution—our stop loss at $134 is our safety net, carefully placed beneath crucial support to protect our capital.
Remember, the crypto landscape is as dynamic as a hive, with movements influenced by a myriad of factors beyond the charts.
Take this insight, and if it resonates with your trading philosophy, consider it a single comb in your diversified strategy hive. Trade with the wisdom of the hive mind, and let's aim for sweet returns.
SOLUSDT.1DAnalyzing the SOL/USDT chart, we notice a few key technical elements that provide insights into the market's current dynamics and potential future movements.
Key Observations:
Current Price and Movement:
SOL/USDT is trading at $133.83, marking a decline of 1.32% today. This movement places SOL near an important support level.
Support and Resistance Levels:
R1 (Resistance Level 1): $193.09 - This level represents a significant barrier that SOL would need to overcome to confirm a bullish trend.
S1 (Support Level 1): $116.96 - Positioned as the first major support, holding above this could be crucial for maintaining a bullish outlook.
S2 (Support Level 2): $92.78 - A critical lower support, indicating deeper market corrections if S1 fails.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is below its signal line, indicating bearish momentum.
RSI (Relative Strength Index): The RSI is at 40.73, close to entering the oversold territory, which might indicate a potential for price stabilization or reversal if it dips further.
Analysis and Conclusion:
The SOL/USDT pair is currently in a delicate position, hovering just above a crucial support level at $116.96. The recent price decline and the bearish MACD suggest that the market is under some pressure. However, the proximity of the RSI to oversold conditions could imply that a bounce back may occur if the support holds strong, potentially driving the price toward R1 at $193.09.
The strategy for traders in this scenario should be to closely monitor the $116.96 support level. A sustained break below this level could trigger further declines toward S2 at $92.78, while a rebound from this support could offer a buying opportunity with targets at higher resistance levels.
For now, it's advisable to watch for any bullish signals, such as a positive crossover in the MACD or a rebound in the RSI from oversold levels, which could suggest an impending recovery. Conversely, continued weakness in these indicators might suggest extending the bearish outlook.
In summary, SOL's market dynamics suggest a testing time ahead. Traders should remain vigilant, monitor key technical levels closely, and be prepared to adjust their positions based on price action and indicator signals. Always consider using stop-loss orders to manage risks effectively in this volatile market environment.
SOLUSDT.1DAnalyzing the SOL/USDT chart, we notice a few key technical elements that provide insights into the market's current dynamics and potential future movements.
Key Observations:
Current Price and Movement:
SOL/USDT is trading at $133.83, marking a decline of 1.32% today. This movement places SOL near an important support level.
Support and Resistance Levels:
R1 (Resistance Level 1): $193.09 - This level represents a significant barrier that SOL would need to overcome to confirm a bullish trend.
S1 (Support Level 1): $116.96 - Positioned as the first major support, holding above this could be crucial for maintaining a bullish outlook.
S2 (Support Level 2): $92.78 - A critical lower support, indicating deeper market corrections if S1 fails.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is below its signal line, indicating bearish momentum.
RSI (Relative Strength Index): The RSI is at 40.73, close to entering the oversold territory, which might indicate a potential for price stabilization or reversal if it dips further.
Analysis and Conclusion:
The SOL/USDT pair is currently in a delicate position, hovering just above a crucial support level at $116.96. The recent price decline and the bearish MACD suggest that the market is under some pressure. However, the proximity of the RSI to oversold conditions could imply that a bounce back may occur if the support holds strong, potentially driving the price toward R1 at $193.09.
The strategy for traders in this scenario should be to closely monitor the $116.96 support level. A sustained break below this level could trigger further declines toward S2 at $92.78, while a rebound from this support could offer a buying opportunity with targets at higher resistance levels.
For now, it's advisable to watch for any bullish signals, such as a positive crossover in the MACD or a rebound in the RSI from oversold levels, which could suggest an impending recovery. Conversely, continued weakness in these indicators might suggest extending the bearish outlook.
In summary, SOL's market dynamics suggest a testing time ahead. Traders should remain vigilant, monitor key technical levels closely, and be prepared to adjust their positions based on price action and indicator signals. Always consider using stop-loss orders to manage risks effectively in this volatile market environment.
SOLUSDT.1DAnalyzing the SOL/USDT chart, we notice a few key technical elements that provide insights into the market's current dynamics and potential future movements.
Key Observations:
Current Price and Movement:
SOL/USDT is trading at $133.83, marking a decline of 1.32% today. This movement places SOL near an important support level.
Support and Resistance Levels:
R1 (Resistance Level 1): $193.09 - This level represents a significant barrier that SOL would need to overcome to confirm a bullish trend.
S1 (Support Level 1): $116.96 - Positioned as the first major support, holding above this could be crucial for maintaining a bullish outlook.
S2 (Support Level 2): $92.78 - A critical lower support, indicating deeper market corrections if S1 fails.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is below its signal line, indicating bearish momentum.
RSI (Relative Strength Index): The RSI is at 40.73, close to entering the oversold territory, which might indicate a potential for price stabilization or reversal if it dips further.
Analysis and Conclusion:
The SOL/USDT pair is currently in a delicate position, hovering just above a crucial support level at $116.96. The recent price decline and the bearish MACD suggest that the market is under some pressure. However, the proximity of the RSI to oversold conditions could imply that a bounce back may occur if the support holds strong, potentially driving the price toward R1 at $193.09.
The strategy for traders in this scenario should be to closely monitor the $116.96 support level. A sustained break below this level could trigger further declines toward S2 at $92.78, while a rebound from this support could offer a buying opportunity with targets at higher resistance levels.
For now, it's advisable to watch for any bullish signals, such as a positive crossover in the MACD or a rebound in the RSI from oversold levels, which could suggest an impending recovery. Conversely, continued weakness in these indicators might suggest extending the bearish outlook.
In summary, SOL's market dynamics suggest a testing time ahead. Traders should remain vigilant, monitor key technical levels closely, and be prepared to adjust their positions based on price action and indicator signals. Always consider using stop-loss orders to manage risks effectively in this volatile market environment.
Solana forecast: mostly sunny with upside potential According to ATTMO, Solana is expected to encounter mostly sunny 🌤️ trading conditions in the next 24 hours, indicating slightly bullish potential. Solana is already up 1.8 percent compared to yesterday and is currently trading at around $140. ATTMO predicts rainy 🌧️ trading conditions for Solana in three days, but a recovery and more upside potential ☀️ in seven days. Follow us for more crypto news and weather reports!
🗺️Solana Roadmap🗺️📈Today, I want to analyze the Solana(SOL) project for you. Is it possible to create a New All-Time High(ATH) or not ❗️❓
🤝Please be with me.
❌Solana(SOL) was unsuccessful in the first Attack on the 🔴 Resistance zone($259.9-$196.40) 🔴 to create a new All-Time High(ATH) .
🌊In terms of Elliott wave theory, Solana(SOL) seems to have completed the main wave 3 at the Resistance zone and is currently completing the main wave 4 .
💡Before the result, let's look at the SOLBTC chart .
💡SOLBTC is moving near the Resistance line and Potential Reversal Zone(PRZ) . I expect SOLBTC to fall at least to the Support line , and if SOLUSDT is also bearish, the downward momentum can increase .👇
🔔I expect the main wave 4 to finish at the 🟡Potential Reversal Zone(PRZ)🟡 or 🟢 Support zone($82.00-$56.10) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SOLUSDT$SOLANA Chart Update: Looking at the CRYPTOCAP:SOL chart, we see a very attractive and well-formed bull flag pattern. Currently, the price has reached the support level of the formation, which coincides with the Fibonacci 0.618 level. If it takes support here and rises, it would confirm the upward momentum.
Targets:
1. First Target: Fibonacci 1 level at $210
2. Second Target: Fibonacci 1.272 level at $265
Let's watch closely for a bounce from this support to validate the bullish scenario! 🚀
SOL buy setupThe sol symbol is now inside a correction.
It has a good support range ahead that it can react well to.
We will look for buy/long positions on the green range.
Closing a daily candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Solana SOL to $500 soon! very basic but large cup and handle for Solana. chart shows a nice symmetrical trialgle or bull flag, either way, up is most likely, if Sol closes here or higher by weeks end. thn clone measured moves show the range to expect, first the triangle breakout, could go up an bach down one moe time, then blast off to cup and handle to measured move of $512 lets come back in a month and see what plays out, if trading dont buy first breakout, wait for conf, retest, not financial advice
The key is whether it can rise above 168.41-173.20Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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When trading spot, if possible, it is recommended to start trading when the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart.
That is because the uptrend is in progress.
Currently, the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart, but since the price < M-Signal on the 1D chart, it can be interpreted that it is showing signs of turning into a short-term downtrend.
Since the HA-Low indicator of the 1D chart is created and forming a low point range, you can trade around 141.07 depending on whether there is support.
In other words, if it falls below 141.07 and shows resistance, it means that there is a possibility of a stepwise downtrend.
Therefore, it is important to know in which direction it deviates from the HA-Low (141.07) of the 1D chart ~ HA-High (173.20) of the 1D chart.
Since the HA-High (136.92) indicator of the 1M chart is created near the HA-Low indicator of the 1D chart, the area around 136.92-141.07 corresponds to the support area.
And, since the HA-High (168.41) indicator of the 1W chart is created near the HA-High indicator of the 1D chart, the area around 168.41-173.20 corresponds to the resistance area.
Anyway, since it is located near the HA-High indicator of the 1W chart and the HA-High indicator of the 1M chart, that is, near the HA-High indicator, the current price can be seen as being in the high point area.
Therefore, if the price is maintained above 168.41-173.20, it can be interpreted that there is a high possibility of maintaining an upward trend.
Therefore, if you are currently trading, I think it is better to trade from a short-term perspective.
TS - Since the BW indicator of the BW indicator has touched the lowest point, the BW indicator is expected to be created in the price candle.
Therefore, if the BW indicator is created in the price candle, you can trade depending on whether there is support near that point.
Another indicator that can be verified is the StochRSI indicator.
You can reduce psychological anxiety about buying in advance by checking if StochRSI > StochRSI EMA.
The fact that the HA-Low indicator was created means that a low point has been formed.
Therefore, if it shows support near the box range (128.50-153.39) selected based on the HA-Low indicator, it is a time to buy.
If it falls below 141.07 and a step-down trend occurs,
1st: Fibonacci ratio point 0.618 (119.71)
2nd: 99.49
You should check for support near the 1st and 2nd above.
If it starts to rise above 173.20,
1st: 234.12
2nd: 297.74
You should check for support near the 1st and 2nd above.
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale rise will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
Idea for the movement of SOL within this week and next. Currently sitting at a great support level on my fib. #SOL TF=H4 should bounce and follow the path outlined in the chart. Could take a while, but I'm confident based on the fib retracement.
Additionally, the price went looking for an important imbalance in the area and bounced from it.
SOL ( Solana ) - Time to Invest NowBINANCE:SOLUSDT (1W CHART) Technical Analysis Update
SOL is currently trading at $133 and recently had around 35% crash and currently trading around the support zone, if the price correction continues then we can expect the price to reach 110$ and in the worst case it can fall to 78$ range. We will keep our StopLoss below 78$
Entry level: $ 132
Stop Loss Level: $70
TakeProfit 1: $ 154.85
TakeProfit 2: $ 200.26
TakeProfit 3: $ 268.70
TakeProfit 4: $ 393.75
TakeProfit 5: $ 603.01
TakeProfit 6: $ 800.77
TakeProfit 7: $1000 <-- Peak of the bull run
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
SOLUSDTSolana analysis
Weekly and daily time frame
Solana experienced a deep correction after hitting the weekly supply area.
Now it has its weekly midline trading range and daily trading floor range. If the area is maintained, the price can once again touch the ceiling of the weekly supply area. And in case of losing the daily peak zone, we can move towards the weekly support zone