Long ALT/USDT. TF D1 x3-x5 probably. Setup specs: Entry - 0.12 (or current level. But I usually prefer to wait for a retracement and make an entry using limit order). Tp1 - 0.35 Tp2 - 0.55-0.57 SL - below 0.095 with confirmation on D1 FA: AltLayer is a blockchain infrastructure project. MC - 300mln. FDV - 1.3bln Next unlock - in 4 months Backed by top-tier...
Long SUI/USDT. TF D1. Right ticker + right timing. x3-x5 probably. Entry - current price level Target - $2 (x4) Stop - below PoC level (0.43) with confirmation on D1. Will start with FA and benchmark analysis of other L1-project (Aptos) which is quite similar: 1/ Decent L1-project with strong backing and recently listed on top-tier CEXs. So, not a lot of...
Long GMX Entry - from current price level (around 39). TP1 - 50 (30%) TP2 - 55-56 (50%) TP3 - 70 (20%). Technical analysis. 1/ Capitulation on 17, Aug on decent volume (low - $28) 2/ Failure of printing new lows below $28. Weakness on downward movement with no significant volume resulting in failure to print new lows below $28. That's the point where one...
Buy XRD/USDT (spot: Bitfinex, Gate, Kucoin) entry: current price (0.042-0.043) target: 0.11-0.17 (incremental fix) invalidation: close below 0.033 on TF D1 FA/events/news: upcoming major release called "Babylon" in June 2023 TA: After slow bleeding in summer 22, XRD witnessed seller's capitulation in the end of Nov, 22 on high volume. In Jan, 23 higher high...
As you have noticed crypto market/altcoin market has gained a significant rise in price levels. Several alts have bounced +50-100% off the bottom. Some of them still have a decent room to grow. Avalanche (AVAX) is one of them imho. Taking into consideration: - legacy market conditions, FRS policy (inflation + rates) - overall state/cycle of crypto market on...
In general it's time for altcoins (blue chips + other decent projects) to make a correction: Pros: 1) Good R/R 2) Seller's exhaustion. Buyers (short- and midterm) are starting to appear 3) Target - 50% fibo correction + 200 dma 4) RSI has found support and trending higher But not to forget: market is still bearish in the long-term perspective. Better to babysit...
Whilst BTC was having tough days in July-August, altcoin market started to recover a litlle bit. Thus, it was and is (at this time) a leading indicator for the whole crypto market (f.ex. see my previous ATOM/USDT trading idea back in July). On September 6-7 we saw an attempt to test liquidity below previous lows (18600) but btc had a pullback today and broke a...
Radix. Strong fundamentals. Layer-1 infrastructure project. FA. Strength: 1/ L1-projects narrative. Radix stands out against "Layer 1 solution" landscape. Fundamental research over 8+ years. Great team. 2/ Tech fundamentals - Vitalik's trilemma solved (security, scalability and decentralisation) - composability (dApps are building blocks of DeFi, more complex...
FA: DeFi + DEX narrative TA: 1/ EMA cross (21/55/200) on H4 2/ Higher lows 3/ Decent volume on 26 sept (wide-spread green candle) 4/ diag resistance break-up Entry: 25-26 Stop: 17.5 TP1 - 41.7 (25% fix, R/R - 2:1) TP2 - 130-140 (50% fix, R/R - 13:1)
GHST Entry: 1.15-1.165 SL: 0.9 (confirmation on H4) TP 1: 1.8 (30-50%). More conservative: 1.48 (25%), 1.8 (25-30%) TP 2: 3 (25%) Remainder (25%): trailing SL, excessive volume, culmination. Why trade? 1/ FA: gaming narrative (AXS/BTC which made 900% since beginning of July, SAND/BTC cathing up...) 2/ MA squeeze on D1, breakout on H4 (trading above EMA 200 on...
1) EMA 21 crossing EMA 55 and approaching EMA 100 on daily TF - early sign of an entry point 2) end of Great Consolidation (3 months) with establishing solid support at .0035 - trade invalidation level 3) rounding bottom (w/higher lows) after 2 selling attempts on high volume - 2nd entry signal and confirmation 4) PA at testing higher boundary of...
Looks like a little bit insane but.. Agree with Willy Woo's PoV on 2 types of alts: 1) degenerators and 2) oscillators This one falls into the 2nd list. R/R = 8 in BTC terms! Wonderful opportunity.
1/ Descending resistance breakout on decent volume 2/ support confirmed 3/ R/R = 6:1
1/ Support @ 16.6 2/ Breakout of descending resistance (but wait for a confirmation on D1) 3/ Invalidation level below resistance at 15.5 4/ R:R = 3:1 approx VSA analysis: 2nd successul retest of 16.6 with. Bounced on lower volume. Sales pressure has decreased so far. More likely that swing low is pretty close to an end.
After selling climax occured in the middle of March, 2020, XMR started to slowly climbing towards the 2-year-range's upper boundary. The majority of coins were distributed within that range. Why? 1) Selling climax 2) 2-year-long consolidation 3) quick retrace from a pullback at 120 price level. Why long? 1) BTC already hit ATH. ETH has 2x way to go. XMR still...
1) Resistance cleared 2) 5th of September: Selling Climax. No supply on 23th of Sept. Secondary test occured. 3) 21-22 Oct: Buying volume appeared = demand. 4) Price above previous selling clusters. R/R = 1/1.5 (1st target) In case of successful test of $490 (probability - 70%), ETH will go to 600-750 area. Decent potential.
Consolidation breakout: lower low below support (now turned to resistance imo) Decent R/R Cosolidation = H&S in this case. But me personnaly don't like such an obvious cliche. Better call it consolidation simply.