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PEPE/USDT Trading ScenarioAfter hitting a new local high of $0.00001726, the price of PEPE entered a prolonged correction, dropping to $0.00000768, a decline of over 55%. In this range, the price found significant interest from market participants and nearly reached the high-volume level (Point of Control, POC), from which it bounced back and attempted to recover. Currently, the asset is in a consolidation phase, and according to the volume profile, interest in this price zone remains. The price might drop further, which could pressure new participants and provide an opportunity to buy at lower prices, closing out losing positions. A downward move and testing of the 200-day moving average appear promising for medium-term entry with the goal of setting a new local high.
by Rick_SimpleSwap
Comprehensive Analysis of CFX✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the CFX coin in the crypto market. 🗂 About the Project: CFX, or Conflux, is a decentralized platform designed to facilitate the creation of decentralized applications and to support large-scale commercial use. Known for its unique Tree-Graph consensus algorithm, it aims to provide high throughput and low latency for blockchain transactions, making it a popular choice among developers. 📅 Weekly Timeframe Analysis In this timeframe, CFX has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, CFX is at a support level of 0.1081 after a correction phase. 📈 If CFX stabilizes above 0.2336, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.5155. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if CFX falls back into the range between 0.1081 and 0.2336, and stabilizes below 0.1081, it indicates a bearish trend continuation. The next critical support level would be around 0.0539. In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅 Daily Timeframe Analysis On the daily chart, CFX ranged around the 0.1955 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.1421. 🧲 Given the current setup, a stabilization below 0.1421 could signal another bearish wave. On the flip side, if the price moves above 0.1955, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅 4-Hour Timeframe Analysis In the 4-hour timeframe, CFX has pulled back to the SMA99 and reached the resistance at 0.1976. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📈 For short positions, the key levels to watch are 0.1976 and 0.2611, where price reactions could provide better entry points. 📉 For long positions, critical levels are 0.1421 and 0.1081. 📊 RSI Oscillator The RSI is currently ranging between 44.24 and 55.86 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
UNI Market Outlook: Trends and Levels to Watch✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the UNI coin in the crypto market. 🗂 About the Project: UNI, or Uniswap, is a decentralized trading protocol known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol enables users to trade crypto assets directly from their wallets without relying on a centralized intermediary. ⌛️Weekly Timeframe In this timeframe, UNI has experienced significant movements. Recently, it saw a downward trend reaching a critical support level of 7.030. Following this, the price has shown some consolidation, suggesting a potential shift in trend. 📈 If UNI stabilizes above 7.030, we can anticipate bullish momentum potentially pushing the price towards the next resistance at 12.099. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if UNI falls back and stabilizes below 7.030, it indicates a bearish trend continuation. The next critical support level would be around 4.039. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. ⌛️Daily Timeframe 🔍 On the daily chart, UNI ranged around the 8.193 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 7.280. 🧲 Given the current setup, a stabilization below 7.280 could signal another bearish wave. On the flip side, if the price moves above 8.193, it could indicate the start of a bullish trend, targeting higher resistance levels. ⌛️4-Hour Timeframe 📈 In the 4-hour timeframe, UNI has pulled back to the resistance at 7.683. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are 7.683 and 8.278, where price reactions could provide better entry points. For long positions, critical levels are 7.463 and 6.945. 💥RSI Oscillator The RSI is currently ranging between 42.46 and 53.05 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
2
VZ 5M Long Daytrade Aggressive Trend TradeAggressive Trend Trade - short impulse + volumed T1 level + support level + biggest volume weak attempt manipulation Calculated affordable stop limit 1 to 2 R/R take profit Hour Trend "+ open gap with retest + long impulse + SOS test level + 1/2 correction + support level + volume zone" Daily CounterTrend "- short impulse - biggest volume TE / T1" Monthly Trend "+ long balance + historical 1/2 correction with exhaustion volume in the end + initiative take over + ICE level + volumed? 2Sp + weak test" VZ @NYSE Sell Limit 40.22, GTC Sell Stop 39.89 LMT 40.01, GTC
NYSE:VZLong
by MishaSuvorov
ETC/USDT Trading ScenarioAfter reaching a local high of $39.65, the price of ETC sharply corrected to $18.15, a drop of over 50%. According to the volume profile, the price fell into a local accumulation zone near the Point of Control (POC), from which a reversal movement began. Additionally, there was a third touch of the descending support level. In the current price range, buying the asset is appealing both for adding to a long-term portfolio and for a speculative trade, with potential to close the position around the resistance level of $39.65.
by Rick_SimpleSwap
ATOM: Understanding the Key Levels and Trends✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the ATOM coin in the crypto market. 🗂 About the Project: ATOM, or Cosmos, is a decentralized network aiming to facilitate interoperability between multiple blockchains. It is known for its unique consensus mechanism and ability to enable communication between different blockchain networks. Cosmos is particularly popular among DeFi and blockchain developers due to its scalability and modular architecture. 📅Weekly Timeframe In this timeframe, ATOM has experienced significant movements. Recently, it saw an upward trend reaching a peak around the $44 level, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, ATOM is at a support level of $6.51 after a correction phase. 📈 If ATOM stabilizes above $8.08, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at $16.07. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if ATOM falls back into the range between $6.51 and $8.08, and stabilizes below $6.51, it indicates a bearish trend continuation. The next critical support level would be around $4.50. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅Daily Timeframe 🔍 On the daily chart, ATOM ranged around the $8.07 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at $6.00. 🧲 Given the current setup, a stabilization below $6.00 could signal another bearish wave. On the flip side, if the price moves above $8.07, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅4-Hour Timeframe 📈 In the 4-hour timeframe, ATOM has pulled back to the resistance at $6.56. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are $6.56 and $7.03, where price reactions could provide better entry points. For long positions, critical levels are $5.77 and $5.20. 💥RSI Oscillator The RSI is currently ranging between 31.20 and 36.56 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Short
by itsparham96
1
ALGO Analysis: Identifying Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the ALGO coin in the crypto market. 🗂 About the Project: ALGO is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain. ⌛️ Weekly Timeframe In this timeframe, ALGO experienced a significant downward movement, currently stabilizing around $0.1572. The price has tested the $0.1547 support level multiple times. The volume has been fluctuating, showing signs of both accumulation and distribution phases. 📈 If the price is supported and candles stabilize above the $0.1547 area, we can confirm that the price trend has potential for a bullish reversal. The main resistance for confirming an upward trend is at $0.2808. For ALGO to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation. 📉 If the price returns below $0.1547, the next significant support is at $0.0992, indicating a continuation of the bearish trend. 📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy. ⌛️ Daily Timeframe In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the $0.1502 support and, after a breakout and pullback, initiated another downward wave to the $0.1297 area. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend. Given the strong support at $0.1502, we can expect another bearish wave if candles stabilize below this area. ⌛️ 4-Hour Timeframe In this timeframe, the price has pulled back to the $0.1605 resistance. Volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. This upward movement offers a potential entry point for a short position. 🔑 Key Levels: For a long position, the key levels are $0.1716, $0.1989. For a short position, $0.1502, and $0.1297 are critical areas where the price may react in the future. 💥 RSI Oscillator: The RSI is ranging between 45.73 and 51.84, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger. 🎲 My Strategy: Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
AVAX Analysis: Potential Price Movement and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the AVAX coin in the crypto market. 🗂 About the Project: AVAX, or Avalanche, is a decentralized platform known for its high throughput and low latency, making it a preferred choice for developers building decentralized applications and custom blockchain networks. It's particularly popular among DeFi enthusiasts due to its unique consensus mechanism and scalability. ⌛️Weekly Timeframe In this timeframe, AVAX has experienced significant movements. Recently, it saw an upward trend reaching a peak of 126.52, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, AVAX is at a support level of 20.83 after a correction phase. 📈 If AVAX stabilizes above 31.32, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 58.74. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if AVAX falls back into the range between 20.83 and 31.32, and stabilizes below 20.83, it indicates a bearish trend continuation. The next critical support level would be around 15.91. 📊In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. ⌛️Daily Timeframe 🔍On the daily chart, AVAX ranged around the 31.22 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 21.49. 🧲Given the current setup, a stabilization below 21.49 could signal another bearish wave. On the flip side, if the price moves above 31.22, it could indicate the start of a bullish trend, targeting higher resistance levels. ⌛️4-Hour Timeframe 📈In the 4-hour timeframe, AVAX has pulled back to the SMA99 and reached the resistance at 30.98. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉For short positions, the key levels to watch are 30.98 and 33.77, where price reactions could provide better entry points. For long positions, critical levels are 25.01 and 21.49. RSI Oscillator 💥The RSI is currently ranging between 44.87 and 59.76 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
3
REN: Exploring Trends and Key Levels in the Crypto Market✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the REN coin in the crypto market. 🗂 About the Project: REN is a protocol that enables the transfer of cryptocurrencies between different blockchains in a decentralized manner. It aims to bring interoperability to DeFi by providing access to liquidity from various blockchains for DeFi applications. ⌛️ Daily Timeframe 🔍In this timeframe, the price has been ranging for a long period around the $0.04996 support. 📊Support and Resistance Levels: Resistance: $0.05060, $0.05696 Support: $0.04442, $0.03936 💥The RSI is around 54.25, indicating neither overbought nor oversold conditions. 🧩Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend. Recommendation: Given the strong support at $0.04442, we can expect another bearish wave if candles stabilize below this area. ⌛️ 4-Hour Timeframe 📈In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical $0.04960 resistance, which was the main market low in the previous cycle. The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. 🔑Key Levels: For a long position, the key levels are $0.04960, $0.05060, and $0.05696. For a short position, $0.04442 and $0.04500 are critical areas where the price may react in the future. 🎲RSI Oscillator: The RSI is ranging between 39.81 and 54.34, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger. ♟Recommendation: This upward movement offers a better entry point for a short position. Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, consider opening a short position as the trend aligns with the momentum. ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
SHIB/USDT Trading ScenarioAmid the overall negativity in the cryptocurrency market, SHIB has significantly dropped in price, falling from a local high of $0.00004605 to $0.00001272. This decline amounts to more than 70%. The asset's price has nearly reached a range of global interest among participants, as confirmed by the volume profile. Currently, there is an attempt to recover the price and consolidate below the downward-sloping resistance level. We can anticipate a breakout of the downward-sloping resistance level, followed by consolidation above it and further price growth. The resistance level may be at $0.00002963. However, the possibility of continued price decline should not be ruled out, with a potential drop to the Point of Control (POC) at $0.00001032 and a subsequent bounce from that level.
by Rick_SimpleSwap
BONK LOOKS VERY BULLISH AFTER I SAW THIS!Played around with the #FRVP tool and loving it. The red lines are the POC for the previous months. You can clearly see where the highest amount of volume has been traded over the past 5 months. We are now above it! This is very bullish for #BONK as long as we stay above it! #Memecoin Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
SANDUSDT: Weekly Update and Trading Triggers✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs. 📅Let's dive into today's analysis, focusing on the crypto market and the SAND project. 📅 Weekly Timeframe Analysis On the weekly timeframe, SAND is ranging within a broader horizontal zone. The current levels show the price struggling around significant support and resistance levels. Support Zone: 0.2818 Resistance: 0.7864 RSI: 39.81 (Neutral to slightly bearish) 📆 Daily Timeframe Analysis In the daily timeframe, the price action shows a more detailed structure within the weekly range. Current Candle: Showing strength after a period of weakness Resistance Levels: 0.4046, 0.4782 Support Levels: 0.3410, 0.2818 RSI: 47.44 (Neutral) ⏰ 4-Hour Timeframe Analysis In the 4-hour timeframe, we see more granular details of the recent price movements. Consolidation Range: 0.3436 - 0.2818 Bullish Scenario: Break above 0.3436 with strong volume Bearish Scenario: Break below 0.2818 📈 Long Position Trigger Consider entering a long position after a confirmed break and close above 0.3436 on the 4-hour timeframe. 📉 Short Position Trigger Consider entering a short position after a break and close below 0.2818 on the 4-hour timeframe. 🔑 Key Support and Resistance Levels Supports: 0.3410, 0.2818, 0.2433 Resistances: 0.3436, 0.4046, 0.4782, 0.7864 🌟 Weekly Settlement Since tomorrow is the last day of the week and a settlement day, I recommend securing your profits and opening positions with less risk. Have a great weekend! ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
SBER 5M Long Daytrade Conservative CounterTrend TradeConservative CounterTrend Trade + long impulse + SOS level + support level - above 1/2 correction + volumed 2Sp+ Calculated affordable stop limit loss 1 to 2 R/R take profit Hourly context: '"- short impulse + biggest volume T1 + support level + volumed 2Sp-" Daily context: "- short impulse + biggest volume transitional extremum / T1 + support leve + volumed manipulation" Monthly context: "+ long impulse + SOS level + support level + 1/2 correction"
RUS:SBERLong
by MishaSuvorov
TRIP.com / Beginning of Up Trend Stock Beginning of the trend Stock, breaking the Wyckoff accumulation Phase and has Volume Profile Normal Distribution Support The volume from Accumulation Phase has not yet been sold out. It can continue with accumulated volume with first target at 261.8 Fibonacci Retracement and cluster with 161.8 of Fibonacci Extension. Strategy Buy on dip at 368 - 390 for buy set 1 and if the price drops to 368, there is still buy set 2 at prices 330-355 by waiting for Reversal Pattern. Trading in your plan with your faith, C.Goii Super Trader
HKEX:9961Long
by CoachGoii_SuperTrader
TM on the Rise or Fall? In-Depth Crypto Analysis Revealed✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the FTM coin in the crypto market. 🗂 About the Project : FTM is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain. ⌛️ Weekly Timeframe In this timeframe, FTM experienced a significant upward movement with high volume, pushing the price up to 1.0993, reaching a critical supply zone. After hitting this resistance, the price started a low-volume correction, indicating the strength of the upward trend and volume-price convergence. However, in the last wave of decline, as you can see, the volume is increasing while the price has corrected a significant portion of its upward movement, currently sitting at the 0.4138 support. 📈 If the price is supported and candles stabilize above the 0.5720 area, we can confirm that the price trend has regained bullish momentum with the potential for further price increases. The main resistance for confirming an upward High Wave Cycle (HWC) is at 1.0993. For FTM to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation. 📉 If the price returns to the range box between 0.1756 and 0.5720, we can confirm this after the price stabilizes below the 0.3276 area, as this is the last low before the range box breakout and move towards 1.0993. It could be the final defense against further price drops. 📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy. ⌛️ Daily Timeframe In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the 0.6147 support and, after a breakout and pullback, initiated another downward wave to the 0.4163 area with the 0.5334 trigger. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend. Given the strong support at 0.4163, we can expect another bearish wave if candles stabilize below this area. ⌛️ 4-Hour Timeframe: In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical 0.4889 resistance, which was the main market low in the previous cycle. The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. In my opinion, this upward movement offers a better entry point for a short position. 🔑 Key Levels : For a long position, the key levels are 0.4889, 0.5350, and 0.6147. For a short position, 0.4150 and 0.45 are critical areas where the price may react in the future. 💥 RSI Oscillator : The RSI is ranging between 45.01 and 60.97, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger. 🎲 My Strategy : Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Short
by itsparham96
3
Deep Dive into ENS: Full Review of the Project and ENS V2📅 Let's move on to today's analysis. Today, I want to analyze the ENS coin, which is part of the Ethereum ecosystem. With this project, you can buy a domain for your wallet. 🗂 ENS v2 Update : Recently, ENS published an article and introduced the v2 update of the project, announcing that they have added a series of new features to their platform. By collaborating with L2 projects, they aim to reduce fees, increase flexibility, utilize multi-chain capabilities, and make their service more accessible, user-friendly, and cost-effective for everyone, playing a more significant role in the web3 space. ⚙️ How the Project Works : Let's dive deeper into the project and visit its website. The first image you see on the site is a very beautiful landing page. By clicking on "Launch App," you can enter the main space of the platform. 🧩 After launching the app, you need to connect your wallet to the site and search for your desired ID in the search bar. If the domain is available, you can purchase it. If it is registered, it means someone else has already bought it before you. As you can see in the example I searched for, "parham96.eth" has already been registered, but "parham96.box" is still available and hasn't been purchased yet. 🛍 After finding your desired domain, you need to confirm the transaction sent to your wallet. Currently, the cost of this operation, considering the Ethereum network fee, is about $6 for a one-year subscription. According to the project, after the v2 update, these costs will be lower. 🎈 After purchasing, to access the details of your purchased domain, click on the "My Names" section (I prefer not to show you an image of this section due to the privacy of my wallet). You can: 👤 Add a profile picture for your wallet, write a bio, and connect your social media accounts from the profile section. ⚡️ Add another address to your domain from the record section. 🎲 Change the owner of the domain or renew it from the ownership section. 🌐 Create a subdomain for yourself just like websites from the Subname section. ⚓️ Use the permission and more sections to apply other desired settings to your purchased domain. 🌱 Usefulness of the Domain : For example, the "parham96.eth" domain is mine. In this case, I don't need to send my wallet address to someone who wants to transfer to me for each transaction. Just replacing the destination wallet address with the "parham96.eth" phrase will direct the funds to the same wallet. If you search for this domain on Etherscan, you can see it is registered on the blockchain and that the ownership of the domain is also viewable as an NFT in your wallet. 🔄 Renewing the Domain: Click on "Extend," then click "Next," followed by "Open Wallet" to create a transaction. Confirm the transaction through your wallet to renew the domain. ✨ ENS Coin : The ENS project also has a very well-known coin named ENS, which is among the top 100 coins in the market with an $800 million market cap. It is listed on all reputable exchanges, making it a successful project that can achieve even greater success with the launch of ENS V2. 🔍 Technical Analysis : In the daily timeframe, after the price reached a peak of 27.61, the market entered a range, with the price oscillating between 16.58 and 27.61. Following Bitcoin's significant drop, this coin also dropped to the 12.24 area. However, with the announcement of ENS V2 and collaboration with L2 projects, it started an upward movement and returned to the 27.61 area, even briefly breaking this level before returning below it in a fake breakout. 💥 Current Momentum : The price currently lacks momentum. After the fake breakout, there should have been a bearish momentum, but nothing has happened, and the market is still ranging. 📊 Volume Analysis : The volume clearly supports the buyers, as the buying volumes significantly exceed the selling volumes. In the recent bullish candles, the selling volume has significantly decreased. 🧲 Indicators : Due to the ranging market and lack of momentum, I am not using SMAs. However, a break below 43.36 on the RSI would confirm bearish momentum entering the market. 🛒 Long Position : The price has tested the 27.61 resistance six times so far, with increasing buying volume. Given the positive sentiment around ENS V2, it is possible that a few days before the launch, the price will stabilize above this level with a large bullish candle, leaving many behind. 🛎 Short Position : On the other hand, buyers may lose interest in breaking this resistance after six attempts, allowing sellers to enter the market and push the price down. ⚖️ Investment Strategy : If you believe ENS is a good project and that ENS V2 can generate bullish momentum in the market, consider adding this coin to your portfolio and purchasing it according to your strategy. 🎯 Target Prices: If the project succeeds and gains more hype, the initial target prices are 38.10 and 49.27, with the next target being the ATH of 75.80. 👨‍💻 Futures Trading : 📈 For a long position, a candle close above 27.61 in the 4-hour timeframe can confirm an upward trend. You can look for an entry trigger in the lower timeframes like 1-hour, with a target of 32.83. 📉 For a short position, a break below 23.30 and a candle close beneath this level can confirm a downward trend, with a target of 18.94. ♟ Personally, I will try to open a long position on this coin once the price stabilizes above 27.61. For short positions, I prefer to trade a coin with negative news and lacking a strong upward trend like ENS. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
2
Bitcoin: Exploring Long-Term and Short-Term Scenarios📅 Let's dive into today's analysis, focusing on Bitcoin in the 1D time frame to examine both long-term and short-term scenarios. 🔍 Daily Time Frame Analysis Bitcoin has experienced a decline after breaking the support at 60303, producing a large, high-volume candle and also breaking the 58429 level. However, it has not yet managed to stabilize below this area and is currently in a resting phase. ⌛️ Recent Market Behavior Not much time has passed since the last analysis, and as predicted, after the selloff candle, the market entered a ranging phase with reduced volatility. This has indeed occurred, with volume decreasing during the ranging market. The long upper shadows on recent candles indicate that sellers have the upper hand and bearish momentum is present. 🧲 SMA25 Analysis The SMA25 indicator had moved away from the candles, contributing to the market's ranging and pullback behavior. One of the properties of moving averages is that they attract the price towards themselves like a black hole, or the price ranges until the moving average reaches it. As the SMA25 approaches the candles, we can expect new bearish momentum to enter the market. If the price stabilizes above this moving average, the trend could potentially become bullish again. Confirmation of this breakout would be with a candle stabilizing above 60303. 📊 Volume Analysis The volume is strongly confirming the trend. During declines, the volume increases, and during upward corrections, the volume decreases. This indicates that the volume is converging with the Medium Wave Cycle (MWC) trend and could also influence the High Wave Cycle (HWC) trend. 📈 Bullish Confirmation Relying solely on SMA for bullish confirmation is not very reliable due to its high error rate. From a price action perspective, if we want to confirm a bullish market, we can expect the price to move upwards with stabilization above the 63018 area. The target for this move could be the next resistance at 71607. Breaking 45.39 in the RSI can also confirm this upward breakout. 📉 Bearish Scenarios In case of further market decline, there is a significant support around the 55k area, which is more visible in the 4-hour time frame and coincides with the 0.5 Fibonacci level. If this area is broken, we can expect the price to move at least to the 0.618 area, which is a logical target from a price action perspective and lies between 50k and 53k. This is a very important area that can prevent further price decline. The last support is at 46969, and if the price stabilizes below this support, the HWC trend in Bitcoin will change from bullish to bearish. 🛒 Buying Strategy in Spot For buying Bitcoin in the spot market, it is better to wait until buying volume enters the market and the price stabilizes above 63471. This assumes the price moves upwards without creating a ranging box for buying. If the price ranges in the current area, we can buy upon breaking the range ceiling. If the price starts to decline, we can buy spot with confirmation from candles in the 50k or 46k areas. Be sure to manage your capital and set stop-losses to limit potential losses if the market declines further. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
Short
by itsparham96
ICP/USDT Trading ScenarioAmid the negative news about Bitcoin, the price of ICP significantly declined, falling from a local high of $20.937 to $5.837, a drop of over 71%. The asset's price chart has fallen below the 0.75 Fibonacci level, which is often interpreted as a favorable buying zone. From the perspective of volume profile, the area of interest for market participants is significantly higher, in the range of $13.041. Currently, there is a positive reaction from buyers at the $5.837 mark, as evidenced by the formation of a daily pin bar. This signal could indicate a potential trend reversal and the beginning of an upward movement, as a pin bar typically signifies a change in market sentiment.
by Rick_SimpleSwap
STX Daily Analysis: Anticipating a Breakout📅 Let's dive into today's analysis in the crypto market. Today's coin is STX, one of the coins that gave significant returns during Bitcoin's surge from 16k to 73k. We won't analyze Bitcoin today since I will provide a complete analysis of Bitcoin tomorrow. 🔍 Analysis of STX Project Overview STX is a layer-2 solution for Bitcoin, similar to other layer-2 solutions, it increases network speed and reduces transaction fees. Additionally, STX provides infrastructure on the Bitcoin network for building decentralized applications (DAPPs). Many well-known DAPP projects use this platform and protocol for their infrastructure. 🎲 Chart Analysis The analysis is conducted in the daily time frame. As you can see, STX had a powerful upward trend and, after reaching the resistance of 3.686 and concurrently with Bitcoin reaching its peak of 73k, it started to retrace. This retracement has been marked by a curved trendline and a trendline from the price bottom, leading the price down to the 1.316 area. 🧩 Key Support Level The support level at 1.316 is quite strong. It is significant not only from a price action perspective but also because it coincides with the 0.5 Fibonacci level, adding to its importance. 📊 Volume Analysis During the last upward wave from 1.316 to 3.686, the volume of green candles began to decrease, indicating a weakening trend that was visible on the chart. After this, and during the correction phase down to 1.316, the volume continued to decrease, suggesting that traders did not engage in buying within the range of 1.316 to 3.686. This indicates that the resistance at 3.686 is not very strong, and the price is likely to test this area again. 🧲 Trendlines and Breakout Scenarios The trendlines that have brought the price down from 3.686 to 1.316 are nearing their end. The price will soon break either the upper or lower trendline. If the curved trendline is broken and its trigger is activated, the price could rise back to the 3.686 peak with a significant influx of buying volume. Conversely, if the trendline from the price bottom is broken, there are two potential scenarios: If selling volume enters the market and Bitcoin loses its 55k support, we can expect a strong bearish momentum. Breaking the 33.44 support on the RSI can confirm this momentum entering the market. If the trendline is broken but Bitcoin maintains its support and selling volume does not enter the market, we might see the bearish trend exhaust, and the price could move back above the 1.316 support level. 💥 Bitcoin's Influence The reason Bitcoin's support and resistance are crucial for this coin's movement is that STX is a layer-2 solution for Bitcoin. Layer-2 projects generally have a high correlation with their primary projects. Additionally, with Bitcoin's dominance at 54%, Bitcoin naturally influences all altcoins, especially one that serves as a layer-2 solution for Bitcoin. 🛒 Buying Strategy in Spot The safest trigger for buying this coin in the spot market is 3.686, which is the all-time high (ATH) for this coin. If the price stabilizes above this level, it could move towards new targets. However, this trigger is 130% away from the current market price, which is quite a distance. Until the price reaches 3.686, there are other triggers that, upon stabilizing above these levels, the price could move upwards. Naturally, these triggers are riskier than 3.686, and the probability of hitting a stop loss is higher. The first trigger is 1.801, which is the peak of the Low Wave Cycle (LWC). Since the price is in a High Wave Cycle (HWC) uptrend, you can consider entering in the LWC. The next trigger for buying is 2.422, which is the MWC resistance. After breaking and stabilizing above this area, we can move towards the 3.686 peak. 📝 Conclusion STX, a layer-2 solution for Bitcoin, is currently at a critical support level of 1.316, which is significant both in price action and Fibonacci terms. With decreasing volume indicating a potential test of the 3.686 resistance level again, traders should watch for key breakouts and Bitcoin's influence on the market. Considering the triggers and support levels mentioned, strategic entries can be made with proper risk management. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
Long
by itsparham96
1
How to read Volume properlyIn this video, I explain how to interpret volume bars in conjunction with price movements. Recognizing large volume bars is crucial for understanding significant market interest, especially when they accompany substantial percentage changes in the underlying asset. These insights can help confirm institutional buying, signal the beginning or end of uptrends, and indicate the start of sell-offs or the end of downtrends. For example, large green volume bars can suggest the start of an uptrend or confirm institutional buying, while large red volume bars can signal the beginning of a sell-off or the end of a downtrend. This indicator simplifies the process of reading volume bars, making it easier to extract valuable insights from them.
NASDAQ:AAPLEducation
by PappyTrading
11