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Will the Notcoin Price Surge or Drop? Key Indicators to Watch!The recent price action of BINANCE:NOTUSDT has showcased a mix of volatility and potential as the asset navigates through various support and resistance levels. Analyzing the 4-hour chart reveals critical insights into its likely movements and trading opportunities. Starting with the closing prices, there have been fluctuations between $0.01621 and $0.0159, indicating a short-term downward trend. The 9 EMA is currently positioned above the 20 EMA, suggesting a possible short-term bullish momentum. However, the convergence of these EMAs around the latest price points calls for caution, as it may indicate an upcoming crossover that could shift momentum. The Relative Strength Index (RSI), which oscillates between 56.76 and 64.90, hints at a cooling off period after reaching overbought territory. With the RSI hovering around 59.68 in the most recent data, the asset appears to be in a neutral zone, not giving a clear signal for either overbought or oversold conditions. The Moving Average Convergence Divergence (MACD) paints a mixed picture. While the MACD line was above the signal line in earlier sessions, indicating bullish momentum, the recent crossover and the histogram turning negative suggest a bearish shift. This transition calls for traders to be vigilant as the market sentiment might be turning. In terms of support and resistance, the Notcoin price is testing the resistance level at $0.01615. A successful breakout above this level could pave the way for a challenge at $0.016314. On the downside, the support at $0.01596 is crucial; a breach here might see the price testing lower support levels at $0.01566 and potentially $0.01536. For traders considering long positions, waiting for a confirmation of a breakout above $0.01615 could be prudent. This could provide a potential entry point with an eye on the next resistance at $0.016314. Conversely, should the price fail to sustain above $0.01596, it might be wise to hold off on long entries until further stabilization around lower support levels. For those eyeing short positions, the recent bearish MACD signal and the RSI cooling off suggest that there could be room for downward movement. Entry points could be considered around the resistance levels of $0.01615, with exit targets set around the support levels of $0.01566 or $0.01536, depending on the risk appetite.
by Ecoinimist
BITCOIN VS ALTCOINS Since the beginning of 2023 BITCOIN has been on a relentless upward trajectory. As the highest market cap cryptocurrency it often sets the tone for the entire market. When Bitcoin goes up it tends to drag the rest of the market up with it and the same when Bitcoin falls is the general rule of thumb. This post is to showcase the difference between Bitcoins market cap (TOTAL) Vs the Altcoin market cap which excludes Bitcoin and Ethereum (TOTAL3) . As the market leader Bitcoin is often the first mover and that can be seen in the chart on the left, we have at first glass a mirror image on the TOTAL3 chart on the right but with a few key differences: - When Bitcoin fell from its ATH in November, price found it's bottom at the previous cycles ATH as seen by the blue horizontal ray. Whereas the altcoin market continued to drop below its previous ATH by another 19.67% . It's an important difference because it shows that altcoins are worse off in a bear market when compared to Bitcoin, and they start from further back once the Bullrun arrives. - We can see that both charts are very similar, the next biggest difference is clearly the progression made in this Bullrun so far. Bitcoin has already moved past its "right shoulder" of the head and shoulders price pattern, TOTAL3 however is still some ways off that mark, the chart shows altcoins have a 38% gap between current level and the top of that "right shoulder" . The reason for the gap in the race can be explained the same way each cycle because they're exactly the same patterns each cycle. Bitcoin is the first mover as it is the biggest by market cap, the same cycle of capital injection happens each and every time: BITCOIN ----> LARGE CAPS ----> MID CAPS ----> SMALL CAPS Profits get rotated into the next more risky investment over and over until the blow off top and retail are left holding their positions all the way down. This will most likely still be the case this cycle however there is a new player on the field... BTC ETF's... This is new and exclusive to this cycle and I believe this will partly change the dynamic of the cycle when compared to years gone by. With over $10 BILLION DOLLARS of net inflows into BTC the institutional buyers are now here in a much bigger way than ever before, how will this disrupt the money flow? It could prevent profits from rotating somewhat into the large caps, but not completely. Naturally the ETF providers will have a large stake in the holding of BITCOIN and are going to be less inclined to sell when the cycle looks to near its end as they are still providing the service to their customers. Having less sellside pressure will help BTC hold its value. The altcoins may get the negative side of this as less profits in theory will rotate into smaller cap coins and result in a smaller 'Altseason" . This is the cost of institutional adoption. There is always the possibility of altcoin ETF's but that is another discussion. For now I can see altcoins playing catch up later this year and going into 2025.
CRYPTOCAP:TOTAL3
by ProR35
7
BITCOIN IS THE NEXT AMAZONMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen BTC can start its move higher . This needs to be watched carefully. BTC To The MOON Please watch the video for more information
COINBASE:BTCUSDLong
by MartyBoots
WLDUSDT - Ready for a bullish rebound?After a challenging few months, WLD has dropped significantly in price and now appears to be undervalued. Let's break down the current market conditions and explore a potential long trade setup with a strong risk-to-reward (R:R) Current POC: The price should hold at the current Point of Control (POC) to build up bullish strength. Primary Entry: Enter a long trade at the current price level, focusing on the support at the POC. Stop-Loss Placement: Set the SL just below the POC to ensure a favorable R:R ratio. Target Profit: Aim for a TP at the old trading range, capturing the potential recovery in price.
Long
by SiDec
REZUSDT | CONTINUATION DOWN?Asia session insights: Are we heading lower? The stage is set for a potential sell-off, and REZUSDT could be in the spotlight. Market Context Bitcoin is still trading in a downtrend, and even a small downward movement could trigger a larger sell-off in the altcoin market. Let’s see if REZUSDT will follow suit. Bearish Signals • BTC Downtrend: Bitcoin continues its downward trajectory, putting pressure on the entire crypto market. • Asia Session: Historically, the Asia trading session can see significant movements. If BTC drops, it could accelerate sell-offs in altcoins like REZUSDT. • Price Action: The recent price action in REZUSDT shows weakness, with lower highs and a potential breakdown from current levels. Strategy Given the current market conditions and the bearish signals, I’m betting on a downward continuation for REZUSDT. Let’s capitalize on this potential move. Action Plan Going short on REZUSDT, targeting a continuation of the downward movement. Are we going to see a further drop during the Asia session? Let’s find out! 🚀💥 Good luck, everyone!
Short
by minno91
NOTCOIN Up 85% In Four Days. Targets & Trade Strategy.Traders, So, two days after recommending, NOT coin had one last liquidation event before popping up and out of this bullish descending wedge nicely. It then proceeded to rally 85% from its wick low to its current price as of this post and a full 35% from where I recommended entry! As I’ve stated previously, altcoins are few and far between right now for long entries. But there are a few you’ve heard me mention which have good setups. NOT coin was one of these and is why I entered initially. If you are still looking to re-enter this coin, 15 cents appears to be a great level. You will see that volume has created a nice level of support at that price. For those of you still in the trade, I have drawn four levels above my entry, the first level we’ve already hit at 15 cents. Target two comes at around 19 cents. Target three at 21. The final target is 25 cents plus. Best of luck to you all! Stay tuned and I’ll do some more analysis on some of my other recommendations, like BONK, up 15% today so far. Stew
Long
by stewdamus
08/07/24 Weekly outlookLast weeks high: $63,884.22 Last weeks low: $53,536.87 Midpoint: 58,710.54 A continuation of BTC selling off has lead to a loss of nearly $10,000 from Bitcoins price from high to low. This sell off is mostly propelled by large selling pressure caused by the German Government selling, however they still have $2.2B of BTC to sell and Mt.Gox begin repayments of stolen funds from 2014 causing increased selling pressure. From a TA standpoint BTC is still LTF bearish, but the interesting part is the HTF's as BTC is retesting the 1D 200EMA as resistance since breaking below it last week. In a Bullrun you really don't want to see too much time spent under the 1D 200EMA, it should really act as strong support and a place to add to LONG positions. This week I would like to see the Bullish OB+ @ $52,000 tagged before making a judgment on where BTC is going next. It's a strong support area that will attract price too it, TA says this is a good area to go LONG but this is definitely not a blind bid environment. It also happens to be a 30% drop from ATH which has been a common Bullrun correction in the past. This week my focus is on the ETH ETF updates, the S-1 forms rumoured to be due tomorrow, then it's down tot the SEC to turn them around. ETH is around $3000 with sentiment at yearly lows, definitely an opportunity there. Also the BTC1D 200EMA is a point of contention and an important S/R level.
by ProR35
ZROUSDT - Struggling to break the High (SHORT)ZRO recently surged to a swing high and is currently battling at that price area. Let's dive into the latest price action and explore a potential short trade setup with a great risk-to-reward Recent Price Action: Surge to Swing High Swing High: ZRO surged to the recent swing high, encountering resistance at this key price area. Battle at Swing High: The price is currently struggling to break above this resistance, suggesting a potential retracement. Short Trade Setup: Targeting the Fib 0.382 Level 1.) Short Trade Setup: Entry Point: Consider entering a short trade from the previous swing high. Target Profit (TP): The TP for this short trade is the Fibonacci 0.382 level of the entire wave structure, around $3.80. Support and Confluence: Old Order Block: The Fib 0.382 level also coincides with an old Order Block, providing an additional layer of support. Anchored VWAP: Taking the Anchored VWAP from the low, we see clear confluence at the exact 0.382 Fib level, reinforcing this area as a strong support zone. Key Levels and Indicators Resistance at Swing High: Watch for continued resistance at the swing high, which supports the short trade setup. Fib 0.382 Level: Monitor the price action as it approaches the $3.80 level, where we expect to see support from the Fib level and the old Order Block. Volume Trends: Decreasing volume near the swing high can further confirm the potential for a retracement. Strategy: Executing the Short Trade Executing the Short: Enter the short trade at the swing high or at Fibonacci 0.618 (around $4.3), targeting the Fib 0.382 level around $3.80. Monitoring Price Action: Keep an eye on volume and price action for any signs of bullish reversal as the price approaches the support level. Our short trade setup targeting the Fib 0.382 level around $3.80, which aligns with the Anchored VWAP and an old Order Block, offers a strategic opportunity with a great R:R. What are your thoughts on this analysis?
Short
by SiDec
TURBOUSDT - Time for a Retracement (SHORT)Hey Turbo traders! Turbo experienced a rapid surge within a single day and now it's time to analyze the next potential moves. Let's dive into the latest price action and what to expect next. Surge and Retest Rapid Surge: Turbo surged dramatically within one day, showcasing impressive bullish momentum. Retest of mOpen: After the surge, the price retested the mOpen, a key area of interest. Formation of a Head and Shoulders Pattern Head and Shoulders Pattern: It looks like Turbo is forming a Head and Shoulders pattern, a classic bearish reversal signal. Right Shoulder Formation: Now, we need to cool down and form the right shoulder of this pattern. Key Levels and Trading Strategy 1.) Short Trade Setup: Entry Point: We placed a short trade at the monthly open (mOpen) as it presents a great risk-to-reward (R:R ratio) Target Profit (TP): The TP for this short trade is the Fibonacci 0.382 level, around $0.0042. This level also coincides with a previous daily support level, making it a significant target. 2.) Support Area: Fib 0.382 Level: This level is where we expect the price to retrace and find support. 3.) Monitoring Volume and Price Action: Volume Trends: Monitor the volume closely. Decreasing volume during the retracement would support the formation of the right shoulder. Price Action: Watch for bullish signals and price action patterns that indicate a potential long trade opportunity after closing the short. Strategy: Executing the Short and Preparing for the Next Move Executing the Short: Enter the short trade at the monthly open with a TP at the Fib 0.382 level around $0.0042. Potential Long Trade: If we see bullish confirmation at the support area, it might be a good opportunity to open a new long trade. Keep an eye on the volume and price action for entry signals. What are your thoughts on this analysis? Are you in on the short trade and preparing for a long entry? Share your insights below!
Short
by SiDec
4
NOTUSDT - Short Trade Setup Amidst Swing High ResistanceNOT surged to an important swing high, where we faced strong resistance. The Fibonacci speed fan perfectly acted as resistance at the swing high, showcasing a textbook low-risk trade setup for an excellent R short trade. Given the resistance at the swing high, it looks like we're entering a range-bound phase, building up a trading range. Expect some sideways movement as the market consolidates and prepares for the next move. Using the Fibonacci retracement tool, we identify the Fib 0.382 level as our primary short trade target. This level is crucial as it often attracts liquidity. If you missed the initial short entry at the highs, there are still great opportunities. Consider shorting at the Point of Control (POC) or at the Fib 0.618 level of the smaller wave. The Fib 0.382 level is also an area where liquidity lies, making it perfect for taking out some long positions built up at the swing high, with a target of the Fib 0.382 level as your take profit (TP) target. What are your thoughts on this analysis? Did you catch the initial short trade or are you eyeing the secondary entries? Share your insights and strategies below!
Short
by SiDec
Injective / INJ analysis The price of Injective is $2.28 today with a 24hour trading volume of 140 million dollar. This represents a 20% price increase in the last 24 hours and a 70% price increase in the past 30 days. Injective is a blockchain built for finance. It is an open, interoperable layer1 blockchain powering next-gen DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols. they had pretty busy week, first a mainnet upgrade then Astroport beta launched on Injective,they processed over 150M transactions and burned 5,639,832.45 total INJ too. Inj bulls couldn't break 2.5 resistance but the daily candle still is green means bulls still got chance, for short term 2.5, 2.9 and 3.5$ are targets. 1.5$ is a dip level for Inj and good opportunity for investors
Long
by moonypto
11
KASPA CHANCE FOR LONG (FUTURES TRADE)A coin that has a similar movement as the ADA cardano in 2021, and also of fundamental quality. It is one of the coins that appeared first in terms of strength when the euphoria began in 2023. Now it would be wisest to be patient because futures are in question. When we look at the futures trade, wait for the FVG to fill up, which would lead to a drop of 20% (the probabilities are small, but the point is certainty) When we invested it was low 0.11 and 0.12, now we approach completely differently. And if we miss a trade, our money is still working for us. This is a very important reaction because it shows that customers have taken over and that the correction is complete. We were in that range for a long time, a huge consolidation. I can very well target $0.55, but for now it is important to follow the set up. Feel free to show support with like,
Long
by learnfromfailure
2