JUP Long Trade SetupCurrent Situation:
Fundamental News:
JUP is looking to burn 30% of its supply, reducing the total supply from 10B to 7B tokens.
The team, including co-founders, has pledged to extend their vesting period to June 2026, demonstrating a long-term commitment to the project's success.
Technical Analysis:
The price is currently forming a double bottom, a bullish reversal pattern.
We will look for the 0.7579 area of support to hold and watch for signs of a shift in structure towards the upside to enter the trade.
Trade Strategy:
Entry Point: Enter a long position in the range of $0.78 to $0.84.
Take Profit Targets:
First Target: $0.98
Second Target: $1.12
Stop Loss: Set a stop loss at $0.684 to manage risk.
Summary:
JUP's proposal to burn 30% of its supply and the extended vesting commitment by its team are strong indicators of potential long-term success. Technically, the double bottom pattern suggests a possible bullish reversal. The trade strategy involves entering at $0.78 to $0.84, with profit targets at $0.98 and $1.12. The stop loss is set at $0.684 to limit downside risk.
Cryptotrading
RUNE Long Trade SetupCurrent Situation:
BTC Trend: BTC potentially setting a bottom, which is usually a positive signal for altcoins.
RUNE Technicals: RUNE is forming a double bottom at its range low support line. Historically, RUNE has performed well in bullish markets.
Trade Strategy:
Entry Point: Enter a long position in the range of $4 to $4.70.
Take Profit Targets:
First Target: $5.60
Second Target: $6.95
Stop Loss: Set a stop loss at a daily close below $3.80 to manage risk.
Summary:
With BTC potentially setting a bottom, RUNE is showing a strong double bottom pattern at its range low support. This presents a good buying opportunity if the bullish market sentiment continues. The strategy involves entering at $4 to $4.70, with profit targets at $5.60 and $6.95. The stop loss is set to trigger on a daily close below $3.80 to limit downside risk.
HBAR: Approaching SupportTrade setup : Price broke below $0.10 support and 200-day moving average, which signaled resumption of downtrend. Price got oversold (RSI < 30) as it reached $0.07 support and bounced up. However, it needs to break back above 200-day MA to signal resumption of Uptrend. Previously, price got a boost from news that BlackRock will leverage Hedera Blockchain to tokenize its money market fund.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.07. Nearest Resistance Zone is $0.124, then $0.14.
BTC at the bottom of week range!Bitcoin hit the bottom of the range ✅ Alarm was right pointing for range bottom at ~58k, as BTC dipped to 58414 on that move.
Now the main question - is it over? Shortly - if you are a respected TA, you can't say so yet. Why? Because week candle is only developing, so we won't have any clarity till next week close at least. Day candle shown nice bearish impulse with long tail, which can be taken as a first step of a bounce pattern, but to confirm it we'll need another 1-2 Day candle to close. Which brings us back to the idea, that this week it's all about guessing, but no mindful conclusions.
Week close above ~60622-59600 will increase chances for a bounce from range bottom. Close below will keep momentum to dip lower. That is the only thing we can say now for sure.
Nearest liquidity pools:
above - 61840 / 62440 / 63260 / 64920
below - 60235 / 59820 / 59460 / 58040
Lines on the chart:
🔸67577 - May close
🔸63195 - week open
🔸60651 - April close
🔸59112 - March low
🔸56537 - May low
🔸53245 - Nov'21 low
Trend: D 🔽 W 🔼 M 🔼
🤑 F&G: 30 < 51 < 53 < 63 < 64
#STGUSDT: Will It Plunge to New Lows or Soar Above Resistance? Yello, Paradisers! Are you ready for the latest on #STGUSDT? It's time to dive deep into the current market movements of STG.
💎#STGUSDT is under massive selling pressure and seems poised to descend further to the crucial support zone at $0.338. However, if #STG breaks out above the $0.44 - $0.48 resistance range, it could signal a strong upward trajectory and potentially hit our target without touching the support zone.
💎The support zone has a high likelihood of a rebound for #StargateFinance, as it hasn't been tested since STG's significant previous breakout. If NYSE:STG exhibits positive signals, like a bullish candle rejection within this zone, it suggests that the support is solid, and we could see an upward movement.
💎Conversely, if #STG fails to show positive signs in the support zone, it spells trouble. A breakdown here could drive the price down to the weekly Order Block (OB) at $0.299, where numerous buyers are likely waiting. The probability of a rebound in this OB is high, and reclaiming the support zone would keep the bullish scenario intact.
💎Should NYSE:STG fail to sustain above the OB area and break down further, we may see a continuation of the bearish trend and invalidate the bullish outlook.
Trade smart, Paradisers! The next few moves in #STGUSDT are critical and disciplined strategies will make all the difference.
MyCryptoParadise
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AGIXUSDT Alert: Major Breakout Could Signal Strong Bullish Move!Yello, Paradisers! Did you see our recent prediction about #AGIXUSDT breaking above its resistance? Well, it just happened! Let's dive into what this means for your trading strategy.
💎#AGIX has successfully broken above the resistance zone at $0.6903, indicating a significant bullish potential. If AGIX holds this level, we could see a robust bullish movement. If the price maintains its momentum at this new support, there's a high probability of a bullish ride towards the next resistance zone at $0.9280.
💎Should #AGIX break above $0.9280, the next target is the subsequent resistance zone. Conversely, if the price fails to sustain momentum at the current support, we expect a potential bullish rebound from the lower demand zone around $0.6288.
💎Staying vigilant is crucial. Keep a close eye on AGIX's price movements. A breakdown below the $0.6288 demand area, confirmed by a daily closure, would challenge our bullish outlook and could lead to further declines.
It's essential to remain patient and disciplined. Strive for consistent profitability by waiting for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
BCHUSDT Will the Rebound Hold or Break Down?Yello, Paradisers! Is #BCHUSDT about to make a significant move? Let's break it down.
💎#BCH is currently showing a rebound, but it might just be a retest of the resistance before continuing downward to the support zone at $330 - $300. However, if BCH manages to break out above the $400 resistance, it could be a strong indicator that the price will continue upward, probability of hitting our target without dipping into the support zone.
💎In the support zone, there is a high probability that BCH will rebound since this area hasn't been visited since BCH made a significant breakout previously. If BCH shows a positive sign, like a bullish candle rejection in the support zone, it indicates that the support is holding, and the price could move upward.
💎On the other hand, if BCH fails to show positive signs in the support zone, this could be a bad sign. If the support breaks, the price might continue downward to the weekly Order Block (OB) at $256. There are many buyers in the weekly OB, so the probability of a rebound here is high. Reclaiming above the support zone would keep the bullish scenario valid.
💎However, if BCH fails to sustain above the OB area and breaks down further, the bearish trend will likely continue, and the bullish scenario will be invalidated.
Trade smart, Paradisers, and stay disciplined!
MyCryptoParadise
iFeel the success🌴
TIAUSDT Is a Major Rebound Coming?Yello, Paradisers! Are we about to witness a significant turnaround for #TIAUSDT? Let's dive in.
💎#TIA is showing a rebound at the Order Block (OB) area with a strong green candle. This could signal a bullish momentum for TIA, potentially reversing back to an upward trend. However, to continue this upward movement, TIA needs to break out of the supply zone at $8.2.
💎If TIA also breaks out of the descending resistance, the price is highly likely to move upwards significantly, possibly reaching our target.
💎If TIA fails to break out of the supply zone, the price might revert downward to retest the OB area at $6 - $5. This area is crucial and needs to rebound when hit. If TIA fails to sustain above the OB area and breaks down further, the bearish trend will likely continue, and the bullish scenario will be invalidated.
If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
TRX: Resistance BreakoutTrade setup : Trends are mixed but improving. Price has made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. If it breaks above $0.125 resistance, it could revisit $0.14 next.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Down and Long-term trend is Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.125, then $0.14.
MKRUSDT Losing Momentum and Ready for More Downward Move? Yello, Paradisers! Are you ready for a high-stakes scenario with #MKRUSDT? We have analyzed the asset and it seems ready for more downward move:
💎There's a strong likelihood of a bearish continuation as the #MKR heads to retest its key support at $2088 within the descending channel. This level has held up so far, but the fading trading volume and 3 times rejections from the channel's upper level hint at a further price drop toward the highlighted demand zone.
💎If #MKR breaks the support level at $2088, we expect a retest of the demand zone below this level due to the continuous selling pressure.
💎However, if #MakerDAO does not break below the $2088 support and instead climbs, the retest of the descending resistance of the channel and the Bearish Order Block (OB) above it is possible. This zone has consistently attracted heavy selling pressure and will likely drive the price further down once touched.
💎Should #MKR revisit this critical demand zone, securing a rebound is vital. Failure to recover here could fuel bullish momentum and increase the chances of a breakout from the current descending channel. This move will automatically invalidate the short scenario.
Stay disciplined and focused on your trading strategy. If you master these principles, you will already be ahead of most traders.
MyCryptoParadise
iFeel the success🌴
Is ARKMUSDT Poised for a Bullish Reversal? Yello, Paradisers! Are you ready for a potential game-changer in ARKMUSDT? The cryptocurrency is approaching a critical support zone at $1.696, and the signs are looking promising for an upward swing.
💎Currently, ARKM is testing this support level, showing signs of a potential bullish reversal. If it can sustain this momentum, we might witness a successful retest of the support level, leading to a break through the supply area. This could pave the way for a challenge against even stronger resistance zones ahead. Patience is key here; waiting for a definitive retest and momentum build at the support level will ensure you’re making informed trading decisions.
💎As experienced $ARKM traders know, navigating the cryptocurrency market is like playing a strategic game. While the current bullish momentum appears promising, it’s crucial to have a Plan B. If ARKM fails to maintain its momentum and starts to decline, look for a rally from the lower demand level at $1.618. If $ARKM drops below this secondary demand level, it’s a signal to reassess your strategy. Be prepared to adjust your bullish outlook and modify your trading tactics to align with the evolving market conditions.
💎Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. Be disciplined with your trading strategy, and keep mastering your willpower. If you just do this, you will already be 80% better than everyone else.
Stay sharp, stay focused, and as always, trade smart, Paradisers!
MyCryptoParadise
iFeel the success🌴
TIA: Oversold at SupportTrade setup : Price is in a downtrend. However, near-term, it appears oversold (RSI < 30) just as it reached $6.00 support and it could bounce up +20% to $8.00 resistance. Stop Loss at $5.67.
Pattern : Price is Oversold at Support . This trading strategy finds assets that are oversold (RSI < 30) and are near a support area, which means there's a high probability that price will bounce up near-term. Oversold conditions are typically reached when RSI hits 30 or less. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $6.00, then $5.00. Nearest Resistance Zone is $8.00, then $10.00.
SOLANA - In correction mode. BINANCE:SOLUSDT Is in corrective mode but we are now in a key area which could see it move to new highs. The next few days might give us a clue as crypto moves with the US Inflation data.
The other possibility is a deeper correction back down to 100 before we see the big run to new highs.
Either way we will see new highs as this whole move from the March high is corrective.
Keep an eye on this one.
Enjoy the day.
ORNUSDT Will It Hold the Line or Break Down Further?Yello, Paradisers! Are you prepared for the next big move in #ORNUSDT?
💎#ORN is currently moving within an ascending pattern, signaling that the price might test the demand area at $1.58 before attempting to break through the resistance at $1.87. The last time ORN attempted a breakout, it ended in a fakeout, leading to a significant downward movement. For a continued upward movement to our target strong resistance area, a breakout of the $1.87 resistance is crucial.
💎However, if ORN fails to show strength when testing the demand area and breaks the support trendline, we could see the price continue downward toward the strong demand area between $1.29 and $1.13.
💎Historically, ORN has always rebounded and reversed upwards upon hitting this strong demand area. If this scenario plays out again, there's a good chance the price will rebound and attempt another breakout of the resistance area.
💎On the flip side, if the price breaks through the strong demand area, it would invalidate the bullish scenario and likely result in a further dip.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
ZRO to hero or zero?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
As long as it can keep flipping these levels into support, if it gives an impusle down, looking for these levels to play as resistance.
3.12 would be an ideal hold if it retraces.
3.42 area is the next level to beat from here.
Trade Safe!
Trade Clarity!
ETH, ran out of breath?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ETH update 🧵
It looks like it moved down and bounced out of the area,
MLT for a W5 as a possible impulse.
Watching these 3 paths for some clarity.
A completed impulse down here doesn't spell ATH.
But A break of
3653 and 3759 would have me reconsider.
#Elliottwave #PriceAction
AAVE: Approaching SupportTrade setup : Price remains in a Downtrend until it breaks above the 200-day moving average (~$100). After a failed breakout from Channel Down pattern, price dipped back below 200-day moving average and reached $80 support. That's a level where price has found support several times in the past and could be a swing trade entry. This is a riskier trade setup because it’s against the overall downtrend.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $70.00. Nearest Resistance Zone is $90.00, then $115.00.
BLZUSDT Are You Ready for a Major Move? Yello, Paradisers! Is #BLZUSDT about to plummet or skyrocket? Let's dive into the key levels and probabilities you need to know!
💎#BLZ is showing signs of retracing to the support zone in the $0.215 - $0.2 area after failing to break the supply zone and experiencing a hard rejection. This loss of momentum suggests may need to revisit the support zone to regain strength for a new move.
💎If BLZ successfully breaks out without revisiting the support zone, we could see a significant bullish momentum, pushing the price upwards to achieve high-probability targets.
💎However, if BLZ revisits the support zone but fails to sustain it, breaking below $0.2, this could be a bearish signal. The price may continue downward towards the next target area around the Bullish Order Block (OB) at $0.183.
💎Should BLZ hit the OB at $0.183, a reversal could occur due to large orders in that area. However, confirmation is needed. BLZ must reclaim the support zone above $0.215 to align with our bullish plan.
💎If BLZ breaks below the OB at $0.183, this would be a strong bearish signal, invalidating the bullish scenario and increasing the probability of further dips.
Stay vigilant, Paradisers! The next moves in BLZ will determine if we see a bullish surge or a bearish plunge. Discipline and strategic planning are crucial. Trade smart and stay focused!
MyCryptoParadise
iFeel the success🌴