MOODENGUSDT trade ideas
MOOD/USDT Analysis Using Gann TechniquesThis chart analyzes the MOOD/USDT perpetual contract, leveraging Gann's techniques to uncover key price and time levels. The framework focuses on price dynamics, support/resistance zones, and the timing of potential pivots.
Heading towards that 360 Level = 0.99
Gann Levels:
Current Price: MOOD/USDT is trading at $0.55984, just below the 225° level (~$0.576166), which serves as a key resistance.
Supports: The next major support is located at the 180° level (~$0.462399). This level has historically provided price stability.
Upper Resistance: A breakout above $0.576166 could target the 270° level (~$0.702434) in the short term.
Time Cycles:
Vertical green and purple lines highlight potential time pivots. These moments are crucial for observing trend reversals or accelerations in price movements.
The upcoming pivot, marked on December 4, 2024, suggests a possible change in market sentiment or price direction.
Price Action:
The price recently experienced a strong upward move but faced resistance at 225° ($0.576166). This aligns with previous Gann levels, indicating the relevance of this framework.
A failure to sustain above the 225° level could lead to a retest of lower supports like 180° ($0.462399) or even 135° ($0.361132).
Gann Grid and Angles:
The grid structure aligns price and time, offering a balance between the two. Recent movements respect these levels, indicating that MOOD/USDT is following a predictable path in accordance with Gann's principles.
Just In: Coinbase Set to List Moodeng Token Surge Over 70%The cryptocurrency market witnessed a significant shake-up as Coinbase announced its plan to list Moo Deng ($MOODENG), a meme coin built on the Solana blockchain. This announcement sent shockwaves through the market, propelling $MOODENG to a 70% surge in price within 24 hours, and trading volume skyrocketed by 400% to $751 million. Let's dive into the technical and fundamental aspects driving this remarkable rally.
Coinbase Listing Catalyst
Coinbase, one of the world's largest and most trusted cryptocurrency exchanges, included Moo Deng in its asset listing roadmap. Although trading and transfers are not yet live, the announcement has significantly bolstered market confidence in $MOODENG. Coinbase’s robust compliance and security measures provide an added layer of legitimacy to the token.
Meme Coin on Solana
Moo Deng operates on the Solana blockchain, known for its high scalability, low transaction fees, and rapid processing speeds. This aligns well with the growing demand for efficient platforms supporting meme tokens, making $MOODENG a promising asset for investors.
Experimental Label
As part of Coinbase's commitment to transparency, Moo Deng may receive the "Experimental" label upon listing. This label ensures users are aware of the asset's early-stage adoption while showcasing Coinbase’s rigorous compliance standards through its Asset Hub initiative.
Market Sentiment
The announcement comes amid a favorable market environment for meme tokens, with recent success stories like FLOKI and other Solana-based tokens inspiring confidence among traders.
Technical Analysis
Price Surge and Volume Spike
Moo Deng’s price surged 70.31% to $0.6123 within a day of Coinbase’s announcement, with trading volume reaching $751 million—a 400% increase. This bullish activity reflects significant market enthusiasm and increased liquidity.
Bullish Flag Pattern
On the daily price chart, $MOODENG has formed a bullish flag pattern—a technical indicator suggesting potential continuation of the uptrend. The pattern aligns with the broader market's November rally, reinforcing bullish sentiment.
Overbought RSI, Yet Momentum Remains Strong
Despite the Relative Strength Index (RSI) entering overbought territory, $MOODENG has maintained upward momentum. This resilience indicates strong investor confidence and sustained buying pressure, making the $1 milestone achievable in the short to medium term.
Support and Resistance Levels
Immediate support for $MOODENG lies near the $0.50 level, aligning with the lower trendline of the flag pattern. A breakout above $0.65 could pave the way for the next significant resistance at $0.80, bringing $1 firmly within reach.
Why Moo Deng is a Game-Changer
Moo Deng’s integration with the Solana blockchain and upcoming Coinbase listing exemplify the growing institutional interest in meme coins. By leveraging Solana's efficiency, Moo Deng positions itself as a credible meme coin in a rapidly expanding market segment. The price surge following the announcement highlights the token’s potential as a high-yield investment opportunity.
Looking Ahead
As $MOODENG builds momentum, its journey to the $1 mark seems within reach. Key factors like sustained trading volume, favorable market conditions, and Coinbase’s backing provide strong tailwinds for further growth.
Investors should watch closely for updates on Coinbase’s official listing date and technical developments, as these could trigger another wave of bullish activity. For now, Moo Deng's remarkable rally underscores its potential as a standout asset in the meme token arena.
Moodeng has bearish wavesUpon a closer examination of the MOODENG chart, it appears to be forming a triangle.
Currently, it seems to be in wave C, which is a diametric. After completing the final wave of the diametric, wave G, a strong drop is expected to complete wave D.
Our expectations for MOODENG's movement have been illustrated on the chart.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Moodeng bottomMoodeng has experienced a 50%+ dip with developing 4hr/8hr bull divs, retesting previous highs from the first major impulse. I see this coin easily sub $2
MOODENG - Beast modeMoodeng pumped 100% in 1 hour after deviation. All my targets are reached for now. Moodeng/USDT
Moodeng - possible entry here if price reactsIf price reacts, possible long from here back to top of channel.
Otherwise, possible first leg down of ABC correction.
In that case, price could come back down based on the chart.
MOODENG - Ready to flyMoodeng looks ready to fly. The price is in my buy range now. Invalidation below red line. MOODENG/USDT
Moodeng - 1$ soonExpect the 5th wave of growth, the price has reached the reversal level. The target is 0.9$-1$
MOODENGUSDTAfter a healthy retracement, it is only right that we see the price gradually rise back to the top, eventually surpassing the first all time high (ATH).
moodeng analysisUnderstanding the type of listing is crucial for predicting price movements
Spot Market Listings: These create demand for the actual token, often driving prices up as traders buy the asset.
Futures Market Listings: These allow traders to speculate on price movements without holding the token, often leading to downward pressure as many traders bet against the coin (short selling).
Technical Analysis for $MOODENG/USDTTechnical Analysis for $MOODENG/USDT
#MOODENG Suggested entry at $0.38273, The price is trading within an upward-sloping channel, indicating a bullish trend.
The entry point aligns closely with the 0.618 Fibonacci retracement level, a strong support area, often signaling a reversal zone for upward continuation.
T1 : $0.58207
T2 : $0.73949
T3 : $0.88389
Place a stop-loss below $0.29031
@VIPROSE
Moodeng bounce here?A few areas of confluence to hold here. Looking for a move up to the red zone. Stop just below last low (4hr OB)
Potential Bullish Channel on Moodeng - $1 Incoming?Today, we are examining a potential bullish channel for Moodeng. Please note that this channel hasn't fully formed yet, so it remains speculative. However, I believe we could see a strong bullish reaction from this lower channel area. The market appears primed for another upward move. Stay profitable. - Dalin Anderson
MOODENG Long 15 min Quick ScalpMOODENG Long Short Term Setup
Reason:
Breakout of trending line
Rest in Golden pocket of Fib levels in HFT
All technical indicators suggesting a bullish wave
Still not taken the LTF Liquidity, since we added DCA Point for the liquidity
Can Strongly move in very short term.
MOODENG Price Rockets 33% Amid Major Listing!The meme coin Moo Deng ($MOODENG) is turning heads in the crypto world with a stunning 26% surge following its major listing on the Asian crypto exchange, OKX. This development has sparked a wave of optimism among investors, who are now eagerly speculating on the potential for further gains.
Why the Buzz Around MOODENG?
The excitement began when OKX, a leading crypto exchange, announced the listing of MOODENG in their USDT market. Trading commenced at 12:00 PM (UTC) today, opening new avenues for investors keen to capitalize on this trending meme coin. The announcement has piqued global investor interest, as OKX's massive user base gears up to explore this new trading opportunity.
🌟 A Bullish Meme Coin Market 🌟
The current market environment is particularly favorable for meme coins. In this Q4, we've seen established names like Dogecoin and Shiba Inu achieve impressive weekly gains of 90% and 25%, respectively. However, despite these significant performances, MOODENG has managed to steal the spotlight, thanks in part to support from major exchanges.
Recent reports from CoinGape Media highlight that Binance's launch of Moo Deng futures, with up to 75x leverage, sparked a 90% price surge. These factors combined have led to MOODENG's remarkable 103% weekly gain and an astonishing 538% monthly uptrend, suggesting that the token holds considerable promise for future growth.
📊 What Do the Numbers Say? 📊
Data from Coinglass reveals a 26% rise in MOODENG’s futures open interest, totaling $293.14 million. Additionally, the derivatives volume has increased by 10% to $2.60 billion. These figures demonstrate a growing market interest, reinforcing the bullish outlook for the token.
🔍 Technical Analysis 🔍
As of now, $MOODENG is up by 38%, with charts showing strong bullish momentum. The Relative Strength Index (RSI) sits at 73, indicating continued bullish sentiment. The daily price chart reveals a bullish flag pattern, supporting the optimistic outlook. However, with MOODENG reaching new highs, immediate support is identified at the $0.50 level. A return to this point could establish a solid buy zone, potentially propelling MOODENG towards the $1 mark in the near term.
In conclusion, while the crypto world is abuzz with MOODENG’s impressive rally, it's important for investors to stay informed and approach with caution. The volatile nature of meme coins can lead to swift market changes, but for now, MOODENG continues to ride the wave of investor enthusiasm.
Stay tuned for more updates, and happy trading!
Buy Trade for MOODENG: Leveraging Sustainable Energy TokensDescription:
This trading idea focuses on MOODENG, a cryptocurrency that aims to disrupt the renewable energy sector by offering a decentralized platform to promote sustainable and clean energy solutions. MOODENG seeks to connect energy producers, consumers, and investors through blockchain technology, enabling transparent and efficient energy trading while incentivizing green initiatives. With climate change at the forefront of global concerns, MOODENG stands to benefit from increased attention and adoption in sustainable energy projects, presenting a compelling opportunity for investors interested in the environmental, social, and governance (ESG) space.
However, it is critical to note that the cryptocurrency market is subject to rapid and unpredictable changes driven by regulatory shifts, technological advancements, and overall market sentiment. As such, investing in MOODENG or any other digital asset entails risks that require careful consideration and sound risk management strategies.
Disclaimer:
This trading idea is for educational purposes only and should not be interpreted as financial advice. Trading cryptocurrencies like MOODENG involves significant risks, including the potential loss of your entire investment. It is essential to conduct comprehensive research, understand your financial situation, and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results.
Moodeng potential flag identified Moodeng seems to have bounced potentially giving us an idea of the bottom of a bull flag or descending trend. Waiting to see confirmation of bullish trend, i.e. form HLs.
also, if this flag holds true I will expect some reaction at the top of the flag.
Scribbled a couple of scenarios that I will be watching for.
MOODENGUSDTHMT v1.0 spotted. Looking good with previous wave up with increasing volume and momentum.
- BOS (Breaks of Structure) at @ 0.26838-0.27373 level
- Trending slow and steady if able to hold above the BOS level
It is at extremely good reward to risk level.
MOODENG/USDT Technical Analysis – November 2024MOODENG/USDT Technical Analysis – November 2024
The chart indicates that MOODENG is forming a potential upward channel, supported by recent price action that shows a notable recovery from a dip.
Key Observations:
Current Price: $0.21849, showing minor retracement.
Support Level: $0.19932, serving as a key threshold to maintain the bullish setup.
Resistance and Targets:
First Target: $0.34453 (Potential gain of +72.85%).
Analysis Insight:
MOODENG appears to have broken out from a rounded bottom pattern, suggesting further bullish potential if the price stays above the $0.19932 support level. A move past the recent highs would confirm an uptrend and aim for the primary target at $0.34453.
Conclusion: Monitor the $0.19932 support for confirmation of the continuation. If the support holds, the setup remains favorable for further gains.
#MOODENG #Crypto #TechnicalAnalysis #PriceTargets
UPDATEThe alignment of the static support of S1 and Fibo 62 has prevented the price from further falling. If the support of S1 is broken, the fall can continue until the next Fibo levels. If the trend line is broken, the price will enter the upward cycle. It will probably be in side mode
UPDATEThe price is moving towards the valid support range of S1/if there is a positive reaction to this range and the momentum candle is observed, the price can return to the upward cycle
