ALT SZN prediction possible play Others.Dominance or Alt.Dom have historically proven to follow the pattern which with time has formed a clear "rising wedge".
Some things we can identify from this analysis
-We have defined a clear top and bottom by confirming 2 points up and down.
-As of now, we have broken the support of the trend but keep in mind Others.D is just basically an index of how altcoins are growing and how much money is being poured into altcoins so it is only bound to go up as it is not a stock or commodity that should be volatile.
- Corona and the crash from 2017 were proved to be the worst events happened in crypto as shown in the chart.
My prediction: We are bound to go to a 38-53% Alt dominance market in the near future 2024 looks likely or by 2025 with AI impulse narrative. This will trigger a major bull market in the near future. This is one of the most important indicators to follow up and stay updated.
ALTS
GAL/USDT Bearish Chart AnalysisHello,
Let's discuss the technical analysis of GAL/USDT. Currently, the trading price of GALUSDT is at $1.7, which shows a 71% increase from the recent bottom. In comparison to the recent bottom of December 2022, the price has gone up by 180%.
As per the chart in the higher time frame, if the White TrendLine support level is not breached, we might witness further downtrend in GALUSDT.
The current resistance level for the cryptocurrency is at $2. If the price fails to break through this level, I expect it to test the $1 mark within the next few weeks.
Therefore, it is recommended to keep a close watch on the support and resistance levels for GAL/USDT, which are at $1 and $0.5 for support, and $2 and $2.5 for resistance.
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Loco and Avalanche (AVAXUSDT)Loco's launch of LegendsByLoco on #Avalanche is a significant move for both the streaming platform and the #crypto coin. Avalanche is a well-established #cryptocurrency with a growing user base, and the #partnership with #Loco will likely drive even more adoption.
The launch of #LegendsByLoco on Avalanche is a significant development for Loco, as it allows users to participate in player-owned fantasy esports. This is a unique feature that sets Loco apart from other #streaming platforms, and it could help the company continue to dominate #India's streaming market.
Furthermore, the partnership with Avalanche gives Loco access to a reliable and secure blockchain platform that can handle high transaction volumes. Avalanche's consensus mechanism is designed to support high throughput and fast confirmation times, making it an ideal choice for Loco's fantasy esports platform.
Overall, Loco's partnership with Avalanche is a smart move that could help the company maintain its position as India's largest #video #game streaming #platform. With more than 50 million users and counting, Loco is well-positioned to take advantage of the growing interest in player-owned #fantasy #esports, and its partnership with Avalanche gives it a solid foundation on which to build.
Target zone: $37,90 - $41.00
(ATOMUSD) has good growth potential to values of $20.00Bitcoin has shown growth to values of $25,000. By April and possibly including the month of April, Bitcoin may gradually reach around $30,000. Altcoins currently have good entry points for a mini alt season.
I have selected coins that are interesting to buy in this mini alt season and that have potential for growth.
— The coin ATOM (Cosmos) is a buy point at $14.00
— The zone ATOM (Cosmos) for profit-taking is $20.00
— The peak price is most likely to be in April
EOS ready to breakout in the coming monthsEOS has a myriad of milestones being rolled out in the coming months & its chart shows some room to run along the way. I've added some target levels to watch, plus a few paths price can take. Short-term it may double-top and pullback to offer a better entry.
Additional Confluence: There's a possible Adam\Eve or Cup & Handle forming. Price on 1D chart is currently above EMA200 & Golden Cross Approaching.
I'll likely take a position after the pullback from the Double-Top or upon a breakout of the local resistance (red rectangle).
1. If the Double-Top plays out: I'll take a position at the neckline with a tight stoploss. Then re-enter just shy of the Double-Top measured move if my stoploss is hit (lookup Double-Top patterns if you're not familiar).
2. If price breakouts out: I'll take a 50% position upon breakout and then additional 50% on the retest (adding a generous stoploss below the original breakout point in case of deviation).
coinmarketcal.com
Bullish Outlook for IMX Crypto Ahead of Mystery Announcement📈🔍📣 Taking a closer look at IMX Crypto, it's showing promising signs for a potential upward trend with a mystery announcement on the horizon.
🕵️♂️💰🚀 I'll be watching closely and considering a long position with a tight stop loss.
Long = $1,0737
My Stop Loss = $0,9634
My Take Profit = $2,0737
Remember, not financial advice. #IMX #cryptotrading #bullish #mysteryannouncement
"Shiba Inu Coin Technical Analysis: Descending Triangle Pattern "Shiba Inu Coin Technical Analysis: Descending Triangle Pattern Indicates Bearish Momentum, Traders Beware!"
Shiba Inu Price Analysis:-
Shiba Inu (SHIB) has recently faced a correction phase amid increasing bearish sentiment in the cryptocurrency market. The coin created a local top at $0.00001575, after which the daily chart revealed a downward trendline and horizontal support, indicating the formation of a descending triangle pattern.
As a result, the SHIB price has been responding actively to this bearish pattern, and traders may be interested in knowing how to trade this pattern.
Here are the key points of the SHIB price analysis:-
The SHIB price has entered a correction phase after reaching a local top at $0.00001575 amid increasing bearish sentiment in the crypto market.
The daily chart indicates the formation of a descending triangle pattern with a series of lower highs, suggesting a weakening of bullish momentum.
A potential breakdown below the $0.00001170 support level could trigger the bearish pattern and lead to a further price drop.
The intraday trading volume of SHIB currently stands at $172,906,077 ( $172.9 Million ) , indicating a 9% loss and a bearish sentiment among investors.
Traders should approach the SHIB market with caution, considering the bearish trend and the potential breakdown of the key support level.
Technical Analysis Update:-
The current correction in the Shiba Inu coin is being governed by a descending triangle pattern.
Traders have observed that the coin's price has repeatedly reverted from the pattern's resistance trendline and horizontal support. As a result, traders are closely monitoring this bearish continuation pattern and its potential target.
At present, the SHIB price is trading at $0.00001241 and remains above the neckline support of $0.00001170. With a 0.15% increase in price today, the memecoin is expected to resume its ongoing consolidation and reach the overhead trendline.
In summary, the SHIB price analysis suggests that traders are closely monitoring the descending triangle pattern and its potential target. The coin's price is currently hovering above the neckline support, and a price increase is expected to resume the consolidation phase. The ongoing correction in the SHIB price is likely to be governed by this bearish pattern, and traders should be cautious in their approach.
The area between the overhead trendline and neckline support is likely to be designated as a no-trading zone for the SHIB price.
Interested traders must wait for a breakout opportunity to get a better confirmation of the price trend.
If the price of SHIB breaks below the $0.00001170 support level with a daily candle closing, there is a higher possibility of increased selling pressure.
In such a scenario, traders may consider taking short entries at this breakdown, which could cause the price to plunge by 22% down to reach the $0.00000945 support level.
In summary, traders should be cautious in their approach to the SHIB market and closely monitor the price movement for potential breakout opportunities.
A bearish breakdown below the $0.00001170 support level could trigger increased selling pressure, and traders may consider taking short positions.
A price drop of up to 22% down to the $0.00000945 support level is a possible outcome in this scenario.
Technical indicator Overview:-
RSI:-
The daily Relative Strength Index (RSI) slope for SHIB has dropped below the midline, indicating a shift in market sentiment from bullish to bearish. This suggests that the sellers are gaining control of the market and that caution is advised when considering any potential trades.
EMA's:-
The 50-day and 200-day Exponential Moving Averages (EMAs) are moving closer to the $0.00001170 support level for SHIB, which is strengthening its support power. This convergence of EMAs is a significant technical indicator and suggests that the support level is becoming increasingly important. Traders should closely monitor the price movement around this level as a breakdown could trigger a sharp price drop.
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Bitcoin Technical Analysis overviews#BTCUSDT
As selling pressure eased in the cryptocurrency market, the price of Bitcoin rebounded from its local support level of $22,700
This bullish recovery has resulted in a 1% gain over the last 24 hours, with the current price at $23500.
Despite this rise in price, the decreasing trading volume suggests a weakness in bullish momentum.
Therefore, it is more likely that the Bitcoin price will revert from the $24,500 resistance level and continue the ongoing correction phase.In the event of sustained selling, holders of the coin can expect a retest of the $21000 mark.
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Hedera Takes on Carbon Neutrality and Growing App Ecosystem🌍📈Hedera (HBAR) Marketplace: Enterprise Solutions and Funding for Sustainable Development, DeFi, and Metaverse 🔥📈💰
The Hedera Governing Council is responsible for managing the network and consists of 39 highly diversified organizations and enterprises representing 11 unique sectors 🌍, including IBM, Google, Boeing, Deutsche Telekom, LG Electronics, Dell, Nomura, Standard Bank, Ubisoft, and more.
The HBAR Foundation is an organization that promotes the development of the Hedera ecosystem 🌱. The Foundation provides grants and other resources to startups, enterprises, and organizations that aim to launch applications in the areas of sustainable development ♻️, decentralized finance (DeFi) 💰, Fintech 💳, Metaverse 🌌, and other sectors. It has huge financial resources 💰💰, including a $100 million sustainable development fund ♻️, a $155 million DeFi-oriented fund 💰, and a $250 million Metaverse-oriented fund 🌌.
HBAR Foundation Awards Over $400 Million in Grants to Support 225 Projects
➖ In 2022, the HBAR Foundation awarded over $400 million in grants to support the development of 225 projects, with each dollar allocated to a specific purpose. Over 90% of the funding is tied to the completion of clearly defined project development stages. In the same year, the HBAR Foundation received almost 1,300 grant applications, which is more than 100 applications per month, indicating strong interest from developers and a growing ecosystem.
➖ In February 2022, the Smart Contracts 2.0 service was launched, bringing Ethereum Virtual Machine (EVM) compatibility and Solidity-based functionality to Hedera.
➖ In September 2022, LG (a member of the Hedera Governing Council) announced the launch of LG Art Lab, an NFT marketplace based on Hedera that allows LG SmartTV owners to find, buy, and sell Hedera NFTs directly on their TVs.
Exploring the Future of Tokenizing Investment Funds: abrdn and Hedera Partnership
🔎 Another member of the Hedera Governing Council, Scottish asset management company abrdn (managing £508 billion), is exploring the future prospects of tokenizing investment funds using Hedera for listing on digital exchanges.
👥 The project's leadership positions are held by individuals with experience working in leading corporations and government institutions. Recently, Nilmini Rubin was appointed Head of Global Policy, who previously worked as Director of International Finance at the US National Security Council.
Hedera Takes Lead in Carbon Neutrality and Prepares for Major Expansion in Q1 2023 🔥💰💻
🌱💰 Hedera, a regular attendee of the Davos Forum, has announced that environmental sustainability is now its primary value. The network has officially committed to operating with a negative carbon footprint, purchasing carbon offsets on a quarterly basis determined by Terrapass.
💰💰 HBAR, the native cryptocurrency of the Hedera network, has a fixed supply of 50 billion coins, with 26.35 billion currently in circulation. The Hedera Treasury distributes HBAR on a quarterly basis according to a distribution schedule that runs until 2025.
🚀 Hedera's Growth and Sustainability Initiatives 🌿🌍💹
In 2022, Hedera launched staking, reducing the number of coins in circulation. By the end of the year, 31.3 billion HBAR had been staked. The HBAR Foundation expects nearly 80 projects to be launched on the Hedera network by the end of Q1 2023, compared to only 89 applications at the end of 2022.
While only 89 applications are currently active on the Hedera network, 45% of them are grant recipients. This small number is offset by the rapid development of these projects, as most grants were only awarded in 2022. With the adoption of the Ethereum virtual machine, Hedera's expansion is set to accelerate.
Kusama (KSMUSDT) has good growth potential to values of $65.00Bitcoin has shown growth to values of $25,000. By April and possibly including the month of April, Bitcoin may gradually reach around $30,000.
Altcoins currently have good entry points for a mini alt season.
I have selected coins that are interesting to buy in this mini alt season and that have potential for growth.
— The coin KSM is a buy point at $39.00
— The zone KSM for profit-taking is $65.00
CVXUSDT : Cup & Handle Pattern Can X4Hi Traders, Investors and Speculators of the Charts 📈📉
CVXUSDT is another altcoin with massive upside potential. Infact, after consolidating for such an extended period, a parabolic move to the upside is very possible.
In the chart, I've pointed out 3 take profit zones based on candle wicks (supply zone and demand zone) , but you can always add more TP points depending on your trading strategy and your patience. The 0.618 Fibonacci Retracement is always a very likely target during any bull market, therefore that would be my ultimate target for this season.
I'm not using any technical indicators today, as I am doing a longer term outlook on CVX. I believe there is an important balance between trend line analysis / chart analysis / chart patterns , and technical indicator analysis. I find that trend analysis ( trend lines , Fibonacci Retracement , patterns , support zone and resistance zone ) is really helpful for longer term, whilst technical indicators can be very useful for the shorter term.
Here's my bullish outlook on Bitcoin 👀
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CryptoCheck
SOLUSDT: No Position, No Problem! WAIT❗Hi Traders, Investors and Speculators of the Charts 📈📉
Let's take a comprehensive look at Solana - and this analysis could hold true for many top altcoins at the moment, since we see very similar price action across the coins with the higher market cap values.
Technical Indicators:
📈Phoenix Ascending containing the RSI, LSMA, EMA and momentum (buyers or sellers control)
Indicates that short term buying pressure has run out
📈 Fibonacci Bollinger Bands
Price is currently rejected at the basis of the BBands on the weekly. Without a strong close above, the macro trend remains bearish
Chart Analysis:
Immediate support zone is around $18, a likely place for a correction to land
Fibonacci Retracement shows that should the bull run continue full steam ahead, next target after the short term correction is around $40
Remember to check out related ideas on Bitcoin and Cardano below!
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Daily updates on Cryptocurrencies and trading opportunities 📢
CryptoCheck
HBAR Price Prediction As Bears Try To Shift The Momentum#HBAR Trading Price:- $0.077
According to the chart, HBAR is currently trading at a high resistance level of $0.77. Based on this, I expect to see a retracement from this level, which could potentially result in a 30% retracement from the red box resistance level.
In addition, there appears to be a strong inverse head and shoulder pattern forming on the weekly time frame, which is a bullish indicator for the long-term. However, it is important to note that this will only be valid if there is a breakout above the red neck line resistance area.
If the breakout is successful, the minimum target could potentially be a 128% increase, which would equate to around $0.2. However, it is important to exercise caution, as if the green box support is broken, there is the possibility of seeing another new low/bottom.
Key levels to keep an eye on include support at $0.055/$0.031 and resistance at $0.086/$0.2.
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BARcelona Fans: BAR TOKEN ⚽ +400% GainsHi Traders, Investors and Speculators of the Charts 📈📉
In today's post I introduce you to BARUSDT - the official token for Barcelona fans, with usecase.
Barcelona Fan Tokens ($BAR) are digital assets minted on the Chiliz blockchain. They exist in limited numbers, and their ownership is logged forever on the blockchain. Holding just one $BAR Fan Token unlocks exclusive perks and benefits for FC Barcelona fans, such as the ability to vote in team decisions and VIP access to matches and events . Fan Tokens don’t expire, and they don’t require an annual renewal fee. Holding $BAR Fan Tokens give you access to all the attached rewards and benefits.
$BAR Fan Tokens give you a share of influence over official club policy through a system known as smart contract. Fan Token holders can use the Socios app to vote on club choices , helping FC Barcelona’s leadership make the right decisions for the team and its fans. $BAR holders have helped with selections like the mural design in the team’s dressing room, the music used on matchday, and the message inscribed on the captain’s armband. The team decides which polls to offer, but Fan Token Holders get the final say after casting their vote on the Socios fan engagement app.
Here's a screenshot of the three long trading plans discussed in the video, where I discuss the chart analysis in detail:
Thanks for watching!
Keen to cash in on rising egg prices ? 🥚 Check out this stock 👀
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BNB troubled waters ahead. Opinion:
- Low hype in 2023
- End of Echo-chamber rally
- Dirivatives accountss getting force liquidated on binance without prior warning
- SBF trial and congressional hearings increasing pressure on checks and balances for big exchanges
- BNB remaining the most scam riddled chain out there
- Will be writing an in-depth thesis on this token
Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Inj, flying without wings. Opinion:
- Low hype in 2023
- End of Echo-chamber rally
Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
ApeCoin I gave the #bearish pov, now here's the #BULLISH #ApeCoin I gave the #bearish pov, now here's the #BULLISH if that's invalidated. HTF still reflects rejection @ breakout, but EMA20 & 50 showing SilverCross & acting as support. If #BTC #ETH #Crypto gain some momentum, #APE can get the push it needs for HH's & 30%-60% gains.
ETHUSDT - Fractal from FEB 2021 is BULLISHHi Traders, Investors and Speculators of the Charts 📈📉
If we consider a chart fractal from February 2021, Ethereum could take a brief breather before rallying over $2000. Fractals can be very useful to determine how the price might react on certain price levels judging by historic events. The current immediate resistance zone will be defended by the bears / sellers / suppliers, but if we can see a daily candle close ABOVE this supply zone, the next logical stop is $2000 and beyond. If you're lucky, you may get another chance to buy a little lower before the rally.
While you're here: Check out my view on Bitcoin for the SHORT TERM:
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1inch carving for a single digit soon Trade idea ->
CMP - $0.57
MCAP - $458M ( Competitor $UNI Mcap $5.3B )
Key Support Levels - $0.51-53 ( DCA Entries )
Resistance Levels - 200D MA around $0.629 ( flip and hold will be a easy peasy )
Price is above crucial support above $0.49
Yearly open @ $0.378
Trade idea invalidated if daily closes below $0.46 also depends on #BTC haha, if it nukes to $20k #IYKYK :
Tokenomics -
274,286 1INCH Tokens unlocks on 22/02/2023 ( Approx $158K )
Next major unlocks are in June 2023.