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#NFP. Win big or feel the pain! Analysis from 11/19/24Currently, the coin is in a sideways trend, where asset distribution is taking place. A breakout above the resistance level will indicate buyer strength and the potential for further growth. Exiting such accumulation zones, especially in this market, will most likely result in an upward impulse, so it makes sense to try and catch this movement. However, if the $0.2350 level is lost, we will most likely head straight for a support test, after which we will have a clearer understanding of where the price is likely to move next (probably working from sales rather than purchases, as we are doing now). DYOR.
Long
by trendbooster
1
WAGYUSWAP Technical Analysis & Trading Plan by Blaž FabjanWAGYUSWAP Cryptocurrency Technical Analysis & Trading Plan WAGYUSWAP is currently at a very low market cap, presenting an exceptional opportunity for investors. As the primary exchange for the Velas ecosystem, it holds significant promise. Velas is undergoing a transformative fork from Solana, which will bring vast improvements to its blockchain. When the fork is completed and fully developed, the price of WAGYUSWAP is expected to skyrocket, potentially creating significant returns for those who invest now. This is a rare opportunity to position yourself for massive gains. Not a financial advice :) Technical Overview The chart above shows the price action of WAGYUSWAP paired with Tether (WAGYUSDT) in a 4-hour time frame. Currently, the cryptocurrency is showing a strong ascending trading channel, indicating an ongoing bullish trend. Key Indicators: Volume Analysis: The volume indicator shows increasing buying activity, which is a strong sign that the market is gaining momentum. Currently, the volume is 69.194K, which is healthy and showing interest in the coin. RSI (Relative Strength Index): The RSI is currently at 66.94, which is just below the overbought zone. This suggests that while the market is in bullish territory, there is still room for upward movement before it reaches the overbought condition. This is a good sign for further upside potential. Stochastic Oscillator: The Stochastic indicator is sitting at 67.93, indicating a potential continuation of the uptrend. A reading above 60 often signals a strong bullish trend, further confirming the current bullish sentiment. Money Flow Index (MFI): The MFI is currently at 36, which is low but shows the potential for a reversal into positive territory. This suggests that the market is likely to see inflows, further confirming the buying interest in the cryptocurrency. VMC Cipher B Divergence: This indicator is showing some promising signs of continued upward movement. The green dots indicate bullish divergences, which suggest that buying pressure is building and could result in higher prices. Price Action and Trend: The price is moving in a well-defined ascending trading channel, with a breakout likely imminent. The market has just tested the lower boundary of this channel, which is the perfect accumulation point for investors who wish to enter before the price surges. The key support levels lie at 0.0006005 and 0.0013976, with the upper boundary marked by the blue line indicating the potential for price targets as high as 0.0015419. A breakout above this level could see significant movement to the upside. Trading Plan Entry Strategy: Now on spot trading and wait until there is a good opportunity to take gains out. Simple as that! Timing: The breakout is imminent, as indicated by the chart's technical structure. This is a time-sensitive opportunity, so ensure you are ready to act as the market shows signs of upward movement. Time to invest is NOW before the price takes off due to the strong bullish momentum and the upcoming developments in the Velas ecosystem. Conclusion The current price of WAGYUSWAP is a golden opportunity for investors. With the development of the Velas fork for Solana, the potential for massive upside is clear. The price action shows bullish momentum, and the technical indicators suggest a strong continuation of the trend.
Long
by elfabiiani
Anticipating Short-Term Prospects: What's on the Horizon?Kaspa indicates a bearish bias, particularly with the potential for further downside if the reverse cup and handle formation plays out. However, there is a possible bounce scenario near the key support around $0.125, which aligns with a long-term ascending trend line. If buying pressure increases, the price could see a bounce from this area, potentially targeting the $0.146 to $0.160 resistance levels. The 20 EMA (red) is currently below the 200 moving average (purple), indicating continued bearish momentum. The price has recently rejected the 200MA, suggesting that this moving average will be a key resistance level on any bounce. Breaking above the 200MA at $0.146 would be critical for signaling a potential shift in momentum to the upside. The BB Power indicator shows stronger selling pressure than buying pressure, reflecting ongoing bearish sentiment. This adds weight to the downside risk, though a bounce remains possible if the price holds support at $0.125 and selling pressure weakens. Additionally, it’s important to keep a close watch on Kaspa since it seems volatile at the moment. Don't doubt the signs but hope for the best for a continuation in the upward trend. Support - $0.125 Resistance - $0.180 Fear and Greed Index (Binance) - 72 Greed
by LOWCO_487
2
DreamAnalysis | Identifying Key Triggers For ADA✨ Welcome to Today's Analysis! Today, I’ll be analyzing ADA/USDT and identifying key triggers for trading opportunities in both spot and futures markets. 📅 Daily Timeframe Analysis In the daily timeframe, ADA/USDT has been in a prolonged downtrend since reaching a high near the resistance level at $0.6660. After about 200 days of decline, the price has now reached the significant support level of $0.3150. This level has proven to be a crucial area of support, experiencing numerous interactions with candlesticks over time, which has slightly weakened its strength. 🔽 If ADA/USDT breaks below this level, it may drop further to the next support level around $0.2770. This area serves as the last stronghold, and a breakdown here could trigger sharper declines. Conversely, a rebound from the support level could lead to bullish triggers at $0.4041 and $0.4649, though these setups carry higher risk. I will use volume and RSI confirmations for entry to mitigate this risk. 🔼 Currently, the volume appears to be consolidating, indicating limited momentum in the market. A confirmed volume spike alongside a support break would suggest a strong bearish move, while a volume increase on a rebound would signal a potential bullish reversal. The primary bullish trigger would be a breakout above $0.4041 for spot trades, with potential targets at $0.4900 and $0.5700. ⏳ 4-Hour Timeframe Analysis Moving to the 4-hour chart, we can see that the $0.3150 support aligns closely with $0.3286 in this timeframe. The price has recently bounced off this level and is currently attempting a pullback. If the pullback establishes a lower high, it will validate the breakdown and we can target $0.2770 next. 📉 In the event of a fake-out (where the price breaks support and then re-enters the range), a recovery above $0.3500 would indicate that buyers are stepping in to push the price higher. In this case, we could anticipate a move toward the upper range, with a long position triggered upon a break of $0.3669. A higher high, confirmed by an RSI move above 50, would strengthen the long setup. 📈 If momentum picks up, we can also aim for the key resistance at $0.4123, offering a solid opportunity for an extended long position. ❌Disclaimer This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
by DreamAnalysis
DreamAnalysis | REN Futures Key Triggers and Levels✨ Welcome to today’s analysis! Today, I’ll be reviewing REN and identifying crucial futures trading triggers for this coin. We’ll start with the daily timeframe and then move to the 4-hour timeframe for more detailed insights. 📅 Daily Timeframe Analysis In the daily timeframe, REN has been in a prolonged downtrend since hitting resistance at $0.11457, a decline that has continued for almost 200 days. Currently, the price is at the $0.03268 support, which is the most critical level for this coin. Although this support is robust, repeated encounters with this level have gradually weakened it, having already been tested four times in this cycle. 🔽 If this support fails, the price may move to the next support level at $0.02839. This is the last major support, and a loss here would likely lead to sharp, deep drops on the chart. 🔼 If the price rebounds from support, the first long trigger will be a break above the trendline and $0.03924, followed by a second trigger at $0.04436. Both are risky triggers, so I rely on volume and RSI confirmation before entering positions. (While volume and RSI are essential in all trades, they are even more critical in higher-risk positions.) 📊 Currently, volume is stagnating, showing no clear momentum. If $0.03268 breaks, high selling volume will confirm the breakout; otherwise, it could likely be a false break. For a long position, a strong increase in buying volume is necessary to change the trend. 📈 The primary long trigger is a break above $0.05437, a significant support level for this coin, which can also serve as a spot buy trigger. An RSI break above 58.61 would indicate a bullish momentum. Spot targets include resistance levels at $0.08088 and $0.11457. ⏳ 4-Hour Timeframe Analysis In this timeframe, we can refine the $0.03268 support to $0.03385, where a breakdown has already occurred, followed by a potential pullback. If the pullback confirms and the price sets a lower high, the support breakdown will be valid, setting $0.02839 as the next target. 📉 One noteworthy detail in this downtrend is that volume is decreasing; however, as today is Saturday, reduced volume is typical across markets, so it’s not necessarily a sign of weakness. Additionally, RSI is near the 30 mark, and a break below could introduce bearish momentum, pushing the price toward the next target if the pullback confirms. 📈 However, if this breakdown proves false and the price reenters the $0.03385 to $0.03963 box, it indicates that buyers have stepped in, pushing the price back up despite the support break. In that case, we can anticipate a bullish move, and a break above the $0.03963 resistance could be a long trigger. A riskier long trigger would be a break above the 50 line in RSI, along with a higher high in Dow Theory. All of these triggers will only be valid if the price reverses the downtrend and reenters the box. ❌Disclaimer This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
R
by DreamAnalysis
DreamAnalysis | ARKM Analysis: Key Levels and Trading Triggers✨ Welcome to today’s analysis! I’m going to analyze ARKM (Arkham), one of the most well-known projects in the crypto space, and identify key triggers for spot trading. ARKM is a DeFi project that gathers wallet data and offers it on its platform, making it one of the most useful tools in the DeFi ecosystem. Let’s dive into the technical analysis of this coin on the daily timeframe. 📅 Daily Timeframe Analysis On the daily chart, ARKM hit its all-time high (ATH) at $3.914 before entering a distribution phase. After breaking below the SMA99, the support at $1.317 was lost, leading to a decline to $0.914. For a while, the price ranged between $0.914 and $1.317, and the candle volumes gradually decreased until buying volume picked up in the market. This resulted in strong green candles that broke through $1.317 and the SMA99, followed by a pullback, pushing the price towards the resistance zone at $1.818. Currently, the price is consolidating below this resistance level. 📊 The previous candle showed a strong bearish movement with significant volume, suggesting the potential for downward momentum to enter the market. Coupled with a bearish divergence in RSI, a break below the 50 level on RSI would confirm the divergence, and we could expect a correction down to the $1.317 support zone. If this support breaks, the next key level would be $1.082, which is significantly lower than the current price. If the price reaches this level, bullish momentum will likely vanish, and the market could form a new trend. 🔽 On the upside, the price has touched a curved trendline three times, reinforcing the importance of this trend. If a correction occurs, the trendline may act as support for the fourth time, potentially halting the price drop. However, if the $1.317 and $1.082 supports break, the last major defense will be at $0.914. Below this, there are no significant support levels until $0.738. 📈 Bullish Scenario and Key Resistance Levels If the price breaks above the $1.818 resistance and starts a new bullish wave, there are several important targets to consider for profit-taking. The first target would be $2.229, though this is not a strong resistance zone as the price has interacted with it less frequently than with the main resistances. If bullish momentum is strong, the price could quickly move toward the next target at $2.769. This resistance is even stronger than ARKM’s previous ATH, making it the most crucial level to watch. Should the price break through $2.769, it could easily reach its ATH of $3.914 or even set a new high. 📉 Stop-loss and Entry Triggers If you are already holding ARKM, I recommend placing your stop-loss around the $1.317 or $0.914 zones to protect your position. For those looking to enter the market, here are several key triggers: 🔼 Break above $1.818: If this level is broken, the price could move up toward $2.769. Buy on pullback to $1.317: If a correction occurs, watch for a bullish reaction at this zone. Break above $2.769: This would be the final trigger for significant upside movement, with more triggers possibly emerging from future candles. By monitoring these levels and triggers, you can capitalize on ARKM’s next moves in the spot market. ❌Disclaimer This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
Long
by DreamAnalysis
Head and SouldersXRP retraced, settling itself at a lower low and a new resistance. A head and shoulders formed, signaling a rally short trade. I believe XRP will bounce and retrace, possibly dropping below $0.50. The previous head and shoulders from Nov 23 to Jan 24 caused XRP to dip below $0.50, and then it rallied after the dip. The previous head and shoulders formed in a 3-month window, identical to its recent head and shoulders that started at the beginning of July 2024. Support - 0.50 Resistance - 0.57 Momentum - Selling Fear & Greed Index (Binance) - Neutral 50 Bear vs Bull - Bearish Fundamental analysis: A major factor in the dip was a whale selloff at approximately 32% volume. Market sentiment appears mixed, with some analysts indicating that the current price movements reflect manipulation and uncertainty in the market.
BITSTAMP:XRPUSDLong
by LOWCO_487
6
Head and Shoulders with price retestA drastic dip occurred with week buy action. FTM value has been reset to the low 0.60 zone. I expect a price bounce from the head and shoulder retract. I called a head and shoulder earlier this week on the XRP chart, and FTM has also followed that trend. 20MA and 200MA are still playing the break for all long positions. The moving average holds uptober excitement, but we will have to wait and see if it will hold strength and value next week. Support - 0.56 Resistance - 0.65 Momentum - Low Volume strength - Sell Fear & Greed Index - Greed (73) Fundamental analysis—With new price discoveries, it has been a rough week for all cryptocurrencies. I've noticed that the world crisis events will determine crypto price bounces. A lot of selling occurred with whale accumulation.
BINANCE:FTMUSD.PLong
by LOWCO_487
Interesting indicatorsXRP is trying to find its range. A possible head and shoulders appeared in the ascending triangle, but it's hard to tell. 200 MA isn't playing the break and had a resistance rejection. If this is a head and shoulders, I believe there will be one more pump before a reversal. If not, it will break the ascending triangle to find new highs and lows. From a fundamental point of view, XRP is likely unstable because of its upcoming appeal, making traders skeptical of its short future. At this point, if you are serious about XRP, look at XRP as a long-term investor. Bitwise filed XRP ETF. (INVESTOR NEWS) - www.tradingview.com
BITSTAMP:XRPUSDLong
by LOWCO_487
Unlocking Potential: Guide to Buying SHIBUSDT on SpotIn this detailed guide, explore the intricacies of buying ShibUSDT on the spot market. We'll cover the essential strategies for timing your purchases, managing risks, and understanding market signals. As Shiba Inu continues to gain traction in the crypto community, this guide will help you navigate the volatility and make informed decisions. Whether you're looking to diversify your portfolio or ride the wave of Shiba Inu's popularity, this guide provides the tools to optimize your spot trading experience.
Long
by Darshana_Alwis