OCEAN is screaming buy meBINANCE:OCEANUSDT , 1d
Price is trading above the 200SMA suggesting that the long term trend is intact.
The downward trendline has been broken and has been consolidating for the past two days.
On the 4h, price has formed an imperfect cup and handle with the consolidation being the handle. The MACD line has crossed above the signal line indicating a bullish momentum.
The only downside i see here is the lack of adequate volume on the breakout candle. It still remains interesting to keep an eye on since a break above the consolidation (base or handle) could propel price to higher highs resuming the uptrend.
Breakout traders would put their stop loss (SL) below the consolidation and target the market structure highs.
As always, “anything can happen” so let the market unfold and react accordingly. #DYOR
USDT-D
Bitcoin can reach resistance line of channel and then start fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price rebounded from the resistance level, which coincided with the seller zone and little declined, but soon BTC turned around and back to the seller zone. After this movement, the price in a short time declined from the seller zone to the support line, breaking the 70900 level again. Next, the price turned around and started to move up to the resistance level, and when BTC reached this level, it rose a little higher, after which turned around and made a downward impulse. Bitcoin broke even the support line, after which in a short time declined to the buyer zone, which coincided with the support level, but soon rose in out from this area, making a fake breakout. Later price a little rose, slightly and then declined lower buyer zone, but recently BTC turned around and started to move up inside the upward channel, where the price broke the 62100 level again and continued to move up. At the moment, I think Bitcoin can reach the resistance line and then start to decline to support line of the upward channel. For this case, I set my target at 64400 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Harmony one / USDTI am expecting that on the blue circle on the chart is the great opportunity for a massive breakout towards higher price for Harmony one.
My idea is to go on for a long position, immediately.
PEPEUSDT.1DThe PEPE/USDT daily chart shows a cryptocurrency that has been consolidating recently, with the price oscillating around the R1 level at 0.00000809. Currently, it's trading slightly below this resistance level.
The RSI is at 52.11, which is just above the midpoint of 50, indicating a neutral to slightly bullish sentiment. However, the RSI is trending downward, so caution is warranted. The MACD is right around the baseline with a very slight bearish bias, as indicated by the negative histogram.
The support level S1 at 0.00000387 represents a critical point for traders to watch. If the price sustains above this level, it might indicate stability and potential for an upside breakout above R1. If the price breaks below S1, it could signal a bearish continuation.
For the bullish scenario to gain credibility, we'd need to see a strong move above R1, accompanied by an upward RSI trajectory and a bullish crossover in the MACD. As always, it's important to look for confirmation from other indicators and to stay updated on news that could affect market sentiment.
CHRUSDT.1DThe daily chart for Chromia (CHR/USDT) shows that the asset has been trading within an ascending channel, indicating a bullish trend. However, the recent price action has dipped towards the lower boundary of the channel, currently at $0.3283, which could be a crucial support level (S1) at $0.2409.
The resistance level (R1) has been established at around the previous high of $0.5029. The RSI is slightly bearish at 41.81, and the MACD is below the signal line, both indicating that there might be more bearish momentum in the short term.
Traders might look for buying opportunities near the lower boundary of the ascending channel with a stop loss below S1, aiming for R1 as a short-term target. If the price breaks below the channel, it could signal a potential reversal of the bullish trend. It would be wise to wait for a clear signal such as a breakout or a bounce from key levels with confirming volume before making a trade decision.
NEAEUSDT.1DAnalyzing the daily chart for NEAR Protocol (NEAR/USDT), it appears to be in a consolidation phase within a defined range. The price is currently near $7.002, with a key resistance level (R1) at $8.111, which aligns with the previous high. A breakout above this level could signal a bullish trend continuation towards the high of $9.10.
The support level (S1) at $6.062 is a critical zone that has been tested multiple times, suggesting it's a strong level that bulls are defending. The RSI is relatively neutral at 57.75, giving no clear overbought or oversold signals. Meanwhile, the MACD is slightly above the signal line, suggesting some bullish momentum, though it's not strongly definitive.
For trading, a break above R1 could offer a long entry point, with a potential target at the previous high, using a stop loss below S1. Conversely, if the price breaks below S1, it may indicate a shift in sentiment, potentially leading to a sell-off. As always, confirmation from volume and other indicators would provide additional confidence in the trade setup.
SOLUSDT.1DThe daily chart for Solana (SOL/USDT) displays a retracement following a strong uptrend. The price has formed a peak around $210.18 and has since pulled back to current levels at $153.36. The first resistance level (R1) is now at $184.67, which could act as a ceiling for any upward moves. The next resistance level (R2) is at $211.52, just above the previous high, potentially serving as a target for a bullish continuation.
The chart also shows established support levels at $121.04 (S1) and $92.78 (S2). The RSI is just below the midpoint at 46.92, suggesting some bearish momentum, but not overwhelmingly so. The MACD is below the signal line and negative, which traditionally suggests bearish momentum.
As a trader, I would watch for the price action to approach R1 for potential resistance or a breakthrough, which could indicate a move to R2. A failure to breach R1 could see prices retest S1. Given the indicators, a cautious approach would be prudent, with tight stop losses and a close eye on both RSI and MACD for signs of trend strength or reversal.
🔥 GRT Double Bounce: Back To All Time Highs?In this signal I'm going to combine two important reversals:
- The daily RSI on GRT has hit oversold for the first time since September 2023. Daily oversold RSI's are amazing buying opportunities during bull-markets.
- The price retested the bear-market highs of ~0.23 from back in January 2023 as support.
This might be the final bearish move in the next few months, hence the target at the current ATH. Be aware this is a long-term trade and might take months to play out.
Bitcoin PutThe last two times SWB:69K -$62k supply zone proved hard to break through and the rally reversed.
This time seems no different as the price got rejected 3 times and is now completing a small retest of local zone of resistance at $66k. Should the price get rejected at this resistance, Im expecting a freefall to the next support area at GETTEX:52K
#USDTD 's bounce?#tether dominance chart is now on the ichimoku cloud support. Breaking this support will move #usdt dom. to lower orange box (Retest zone).This move will be good for #bitcoin #eth #sol #bnb #doge and all #altcoins .
If #usdtdom bounces here and continues rally, #btc and all #altcoins will suffer. Not financial advice.
PEPEUSDTPEPEUSDT was trading under the declining trendline. The price was reacting well the support and resistance of trendline
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 0.000009500.
What you guys think of this idea?
Binance Coin can start to decline to support line of triangleHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time traded near the resistance level, which coincided with the seller zone and later made an impulse up to 644 points, but at once turned around and made a strong impulse down to 500 points, thereby breaking 583 and 523 levels. After this, the price started to move up inside from an upward wedge, where it quickly rose to the resistance level, breaking the 523 support level and soon even breaking the resistance level too. After this, BNB rose to the resistance line, but at once turned around and fell to the support line of the wedge, breaking the 583 level one more time. Next, the price bounced from the support line, rose back to the resistance line of the wedge, and exited from this pattern, making a little movement up. Then BNB made a downward impulse in a triangle, after which the price broke the 583 level and declined to the buyer zone, but a not long time ago BNB turned around and in a short time rose to the resistance level, where at the moment continues to trades near. So, in my opinion, Binance Coin can rebound from the resistance line and start to decline to the support line of the triangle. For this case, I set my target at the 545 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can make little movement up and then start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price bounced from resistance area and made a little movement up, after which started to decline in falling channel.
In channel, BTC first fell below $69250 level, but soon backed up and later reached resistance line.
Soon, price turned around and made downward impulse to $61400 support level, thereby breaking $69250 level.
Next, BTC bounced from support level, which coincided with support area, and rose a little up but soon fell back.
Also, price made fake breakout of $61400 level, after which turned around and started to move up.
Now, I think that Bitcoin can reach resistance line of channel and then start to decline to $61400 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
TETHER (USDT) is looking extremely bearish!Tether is looking like it's about to lose a fair sized chunk of it's market dominance moving forward. Stablecoin legislation in the U.S. will most likely be the beginning of the end of Tether's long held dominance in the stablecoin realm.
ATAUSDT.4HThe 4-hour chart for Automata (ATA/USDT) suggests a volatile market with a sharp decline followed by a swift recovery. The price has rebounded from the low around $0.0782, rallying past the $0.1200 support level, which is now acting as immediate support (S1). The RSI has recovered to a neutral position at 55.08, indicating some balance between buyers and sellers after the recent price movement.
Currently, the price is at $0.1746. The first resistance level (R1) to watch is at $0.2322. A break and close above this level could signal further bullish momentum, potentially targeting previous highs around $0.2749. For traders looking to enter a long position, a reasonable strategy might be to wait for a retest of the $0.1200 level as new support or a clear break above $0.2322, setting a stop loss below S1.
On the flip side, if the price falls back below the support at $0.1200, it would suggest weakness and could lead to a test of the lower levels. It's important to keep an eye on the RSI for divergence that might indicate a weakening of the current trend.
FTMUSDT.1DThis daily chart for Fantom (FTM/USDT) presents a price that is attempting to recover from a previous downtrend. The price action has broken above a descending trendline, which could be an early indication of a change in trend. The Relative Strength Index (RSI) is near the midpoint at 45.08, suggesting that there is neither overbought nor oversold pressure at the moment.
The current price is $0.7455, and it's facing immediate resistance at the $1.0646 level (R2). If the price can sustain above the trendline and push past R2, it might confirm a trend reversal towards the bullish side. There's a notable support at $0.5275 (S2), and maintaining above this level is key for the bulls to hold control.
Traders might look for long positions with a break above R2, setting stop losses just below S2 to manage risk. Should the price fail to hold above the trendline or break below S2, it would signal caution and possibly a resumption of the bearish trend. Watching for increased volume on upward moves would further confirm the bullish momentum.
ICPUSDT.1DOn the daily chart for Internet Computer (ICP/USDT), the price action is showing signs of a potential trend reversal. After a period of decline, indicated by the descending trendline, there's a notable bullish candle that has broken through this trendline, which might suggest the beginning of an upward movement.
The price is currently at $15.566, with the next key resistance level at $17.734. If the price can sustain above the trendline and move past this resistance, it could indicate a stronger reversal and the beginning of an uptrend. The support level at $10.954 is critical; holding above it is important for the bullish case.
For traders considering a long position, entry near the breakout with a stop loss below the most recent swing low could be a strategy, aiming for targets at the resistance level and potentially higher if the trend continues. Conversely, a drop below the support level may signal a false breakout and a resumption of the bearish trend. As always, monitoring volume for confirmation and employing proper risk management is advisable.
OPUSDT.1DThe daily chart for Optimism (OP/USDT) illustrates a bearish trend with a series of lower highs and lower lows, which can be interpreted as a downtrend channel. The price is currently hovering near $2.467, with a clear support level at $1.635. The resistance level at $4.139 is crucial; a breakout above this level could signal a potential trend reversal. However, the current price action remains below this resistance, suggesting that the bearish sentiment is still dominant.
Traders might look for short positions as long as the price is below the resistance level, with potential targets near the support level. A break above the resistance could invalidate the bearish outlook and shift the strategy towards looking for buying opportunities. Risk management is key, and stop losses should be considered above the resistance level when taking short positions to protect against sudden bullish reversals.
FETUSDT.1DIn this daily chart for Fetch.ai (FET/USDT), we see a period of consolidation following a significant uptrend. The price has recently bounced off the support level at $1.3471, indicating a potential reversal or pause in the downward movement. The resistance level to watch is at $3.5084. If the price were to break through this resistance, it could signal a continuation of the bullish trend. Conversely, a break below the support could suggest a further decline. Volume seems stable, without significant spikes, which might indicate a lack of strong momentum for now. As a trader, I would consider waiting for a confirmed breakout above the resistance or breakdown below the support before entering a trade. Setting stop losses just below the support or above the resistance, depending on the trade direction, would be prudent to manage risk.
Telegram Set to Tokenize and Stickers Emojis on TON BlockchainTelegram has announced its intention to tokenize its emojis and stickers using the TON blockchain, a move that is expected to enhance user engagement and monetization opportunities. The move is part of a broader strategy to create an interactive and financially inclusive platform that allows users to develop applications, tools, and businesses within the Telegram ecosystem.
The tokenization of the user namespace on the TON blockchain has already generated $350 million in sales, and Telegram is now looking to expand this model with the tokenization of its digital assets. Users will be able to possess, trade, and monetize their digital stickers and emojis on the TON blockchain.
In addition to tokenization, Telegram plans to change its revenue model with content creators by introducing an Ad Network that will share ad revenue generated from advertisements on broadcast channels with the channel owners in the proportion of 50%. This approach makes Telegram one of the social media platforms with the most liberal revenue-sharing arrangements.
Telegram's adoption of TON's blockchain technology is expected to lead to radical changes in conducting digital advertising, allowing the bypass of in-app purchase systems through which major app stores exert control.
To further enhance its blockchain functionality, Telegram has integrated the Tether ( CRYPTOCAP:USDT ) stablecoin and launched a gold-pegged stablecoin, Tether Gold ( SEED_DONKEYDAN_MARKET_CAP:XAUT ), on the TON network. This integration will provide users and merchants with a more flexible way of transacting within the application.
Moreover, Telegram has expanded its payment options by integrating more than 40 payment providers, including Stripe, to diversify available payment methods and enhance the platform's ability to facilitate commerce. This expansion will provide a robust infrastructure for users to buy and sell goods and services globally.
In summary, Telegram's adoption of TON's blockchain technology and the tokenization of its digital assets are expected to create an interactive and financially inclusive platform that allows users to engage in commerce and content creation within the Telegram ecosystem. The integration of stablecoins and payment solutions will provide users with more flexible transaction options, further enhancing the platform's functionality.
Technical Outlook
Despite the recent development, The Open Network Token ( CRYPTOCAP:TON ) is trading below the 200, 100 & 50- Day Moving Averages respectively indicating the bears are on the verge of taking over. Further accentuating the bearish momentum is the Relative Strength Index (RSI) which seats at 43.
However, the daily candle stick indicates a "Hammerhead" pattern indicating continuation of the bullish trend in the short term.
🔥 MATIC On Bear Market Support: Big Reversal Coming?With BTC trading bearish over the last few weeks, alts have taken a big hit. MATIC is one of the alts who has practially lost all the gains over the last half year in a matter of weeks.
However, MATIC has found support on the main bear market support (purple). This signal is based on the idea that the support will hold and that both alts and BTC will reverse from extreme oversold conditions.
Stop below the recent low, target at the main bearmarket top.
Hidden Divergence to decline the price of USDT.DHello
As you see in the chart there is negative hidden divergence in USDT.D and everything is prepared for a dump in USDT.D which will cause a severe pump in crypto specially in the altcoins that have been straggled from market pumps
What do you think?
Ripple can make retest of support line and then continue growHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price traded in the seller zone, which coincided with the resistance level, after which rebounded and rose a little. But then XRP turned around and started to decline back to the seller zone, and when the price reached the seller zone, it entered to triangle, where Ripple made a downward impulse from the resistance line to the support line, breaking 0.5900 and 0.4735 levels. After this movement, XRP bounced from the support line and in a short time rose higher than the 0.4735 support level, breaking it again, after which it turned around and declined to this level. Price some time traded close to this level and later it declined to support line of the triangle, which coincided with the buyer zone and then made a strong impulse up, thereby breaking the 0.4735 support level and a not long time ago exiting from the triangle pattern. At the moment, in my opinion, Ripple can make a retest, after the breakout and then continue to move up. For this case, I set my target at the 0.5600 level. Please share this idea with your friends and click Boost 🚀
