ALTS
CRONOS: THIS ALT can EASILY +100% From Here - CROUSDTCOINBASE:CROUSD
Cronos is an altcoin that I've been bullish on since the beginning for the year, and we've already seen our first two TP Point (Take Profit Points) hit, UP +40%.
The good news is that CRO still has HUGE upside potential, with the next TP +100% from where the price is currently trading in accumulation zone.
In the 4h, we see a clear reversal and turn towards the upside, indicating bullish momentum showing up in the short timeframes. This is as good as it gets buy zone, because we have just finished our correction and successfully retested the 50d Moving Averages in the weekly timeframe:
This could take some time to play out, but patience is your friend!
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NEUTRON $NTRN local Double bottomAfter a healthy correction of around -70%
(totally normal for a S coin)
we have technical basis for a recovery rally
A double bottom with bullish RSI divergence
A down trendline break
With a general altcoin rally I expect this to be trading back in the 1 dollar plus area soon enough.
PEPE : All Time High STILL COMING! Here's WhyBINANCE:PEPEUSDT 🐸
I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far.
Assuming that corrective wave 3 - 4 (current wave) retraces as low as point 1 (BUT NOT LOWER), this put's our formula roughly as follows:
It's important to note that Elliot Wave theory follows strict rules, and it's usually a multi-month playout. This means that there might be many weekly candles before finally turning around to complete the final wave 4 - 5.
For a SHORT TERM analysis on PEPE, see here👇:
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Looks Interesting HereTraders,
Though the alts are waiting on Ethereum for confirmation of further price direction, Storj looks like it's found its support and local low here. It's been in this accumulation phase/channel since April and both the RSI and AO are suggesting is is time to run. Also, after breaking the upside of that huge bullish triangle, we have already gotten the retest out of the way. I don't know where it goes from here but I can imaging doubling would not be out of the question.
Alt Season Is Quickly ApproachingLet’s wrap up by taking a look at our Total3 chart which includes all alts except ETH. This shows a strong bullish bias. We’ve broken to the upside of our triangle, retested the top of our triangle as support, and are now using that strong PoC from our VRVP as support along with our 50 & 100 day SMA. I love to see all of this as it signals good things to come from our alt space ahead.
Total3
I continue to remain long in alts with almost 100% of my total public portfolio. My followers and I are at 11 wins with over 35% profit per trade. Our average trade is 11 days. Though these wins are great, I expect them to be blown out of the waters soon. Don’t miss out. The best is yet to come.
ETH Support 3700 Appears To Be HoldingETH ETFs will give Ethereum and therefore altcoins a nice bump/pump and I believe that, as long as ETH can hold this current support level at around 3700, then Ethereum and altcoins have found their local low. In other words, altcoin season is close. Supporting this theory is this inverse H&S pattern which I spotted well before the right shoulder had even formed. We can now see that this pattern appears to actually be playing out and Ethereum should remain strong for the remainder of 2024, though the possibility of breaking support at 3700 and dropping to 3500 still remains relatively strong as well before further upside. Adjust all stops and plan accordingly.
Let's hope ETHEREUM DOES NOT do THIS 😨BINANCE:ETHUSDT
Ethereum is looking bullish after a strong bounce and a successful retest of the support zone at 2800.
According to all Fibonacci logic, we SHOULD be hitting the 1.618 zone SOON. But we're not out of the woods just yet. There's a risk of a very bearish pattern forming IF we cannot close the daily ABOVE our previous resistance zone. This would form a nasty M-Pattern that could takes us back to 2800 and even lower.
Technical indicators are extremely bullish right now, but this does not guarantee that sellers aren't waiting for us around the corner at 4000.
Naturally, we can expect ETH to keep on following BTC closely over the next week. If Bitcoin makes another leg up, Ethereum will soon follow a day or two later.
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DOGWIFHAT #WIF NEAR TERM is TARGETTING $4.06-$4.33Per a inverse head and shoulders pattern that CRYPTOCAP:WIF is just now challenging the neckline.
Overall the structure that WIF has laid down these past few months suggests a wonderful surge in prices that could see WIF getting close to the $10 zone
#Memecoins are so powerful and make up a huge portion of the crypto sector.
It is safer to allocate to the new and LARGE coins
that have deep liquidity and bug 24 h volume
that the brand new coins which most retail gamble on and and end up walking away with nothing buy sob stories.
ETHEREUM / DXY chart is telling us something.That we can expect new High's on this ratio
But not to expect the kind of run that ETH experienced last cycle obviously .
Going from $88 to near 5K was a barn stormer of a Bull run a 50X !!!
If this continuation head and shoulder plays out
The linear projection would give us a 7.5X
Whilst the log target suggests 18x
A match for what #BTC did last cycle ... interesting right.
Thisis still impressive for a mature network
and should provide plenty of fuel for the #altcoins
If Ethereum Can't Break These Levels, Then....Traders,
I have a pretty good record for calling these inverse head and shoulders patterns before they are fully formed. I am not saying for sure Ethereum will form this inverse head and shoulders pattern but if it doesn't, then it will need to break above those resistance levels I have drawn and confirm. If it can't do this on the daily, then I have a hunch this inverse h&s will complete itself.
Ethereum leads the altcoin market rn. So, depending on where your bet lies, you may want to offset some risks and take profit here as we begin to consolidate/accumulate for another bull run.
Stew
How To Trade NEW ALTS - SECRET PATTERN 📈New Alts - a Pattern
Newly released alts all seem to follow the same pattern, at least for the first few weeks. From the frontpage chart, you'll notice a very interesting "fractal" if we can call it that.
It goes something like this:
🚀 Opening Candle 💥 Top Out 👇 Hard Drop ❕ Re-enters opening price or goes under 🔁 Bottoms out (HERE IS WHERE YOU BUY) 🚀 Higher Highs follow.
With this said, it seems evident that you should WAIT to buy a coin that has just been released on the exchange. Although you could try to jump in to the moving train, the risk is simply too high if you do not already have a position.
Worried that you missed the PUMP? Don't worry! Here's a list of strong coins that can return high profits, IF you're willing to wait for the right entry:
1) JTO : BINANCE:JTOUSDT
2) RVF : MEXC:RVFUSDT
3) AIUSDT: BINANCE:AIUSDT
4) MAV : BINANCE:MAVUSDT
5) NOT : BINANCE:NOTUSDT
ALTS that have already retraced, bottomed out and establishing higher lows. These alts you could easily preset TP targets from 15% onwards, depending on your risk appetite:
6) RVN : OKX:RVNUSDT.P
7) RSR : BINANCE:RSRUSDT
8) RAY : BINANCE:RAYUSDT
9) LPT : BINANCE:LPTUSDT
10) KSM : BINANCE:KSMUSDT
ALWAYS remember to take caution in the volatile world of crypto with a SL and reasonable targets. Remember that trading newly released alts and memecoins greatly increase the risk on top of the existing risk of crypto.
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LONG RED OR GET REKT!Evening fellas,
I hope you took adv. of this previous drop.
Hopefully you noticed the fact BTC dropped more in % than most alts.
Means that most alts bottomed with their /btc pairs and are ready for gains.
If BTC starts to range here ($56k - 61k) for a few days, a small 10%, dominance could drop, allowing alts to run nicely.
Trade thirsty!
ADA : Extreme WEAKNESS, be CAUTIOUS👎BINANCE:ADAUSDT
Cardano, like XRP and a few others, have been left behind during the recent BTC surge. We're about to see another leg up on BTC and likely a new ATH but ADA is barely able to break out of accumulation zone successfully.
A few other altcoins that call for concern include the following:
Other altcoins are sowing more promise. Volatility is infact, what attracts many users to crypto. There are a few coins that we are holding for longer term "investments" but projects that have been around for many years and fail to reclaim highs just speak to weakness. If we wanted a steady 7%, why not just get a savings account.
You could be trading 5 other profitable altcoins instead of holding onto a dead, slow mover (unless ofcourse you have other reasons, such as a fundamental belief).
Altcoins that are STRONG and moving with the trend as opposed to ADA, include the following:
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ALTSEASON is just about to launch!!!According to the historical relationship between ETH & NVDA
The caveat obviously this relationship was far stronger when ETH was validated using GPU's
... but we still have to take note of this relationship in my opinion!
We know a vast majority of the altcoins are still in fact ERC20's ... including all the various L2's like
Arbitrum, Base, Pulsechain and the other various EVM's
A strong eth has a multiplier effect on those S coin prices. As we have already seen this cycle on Solana.
The ETH etf is on the docket to be approved .. it is actually a political necessity now.
like I've been saying we are due are GENERAL altcoin season any day now... not just new coins, or new narratives..
I think all boats will rise in this next ramp up.
? do we get a double bubble like in 2017? or a short 6 months -9 months and end the 4 year cycle early?