Analysis Overview: As we step into a decisive phase for SKL/USDT on the weekly timeframe, our attention is drawn to a critical resistance level that's been a formidable barrier in past trading sessions. The digital asset now faces a pivotal moment: a break and hold above this resistance could pave the way for a bullish continuation, but the journey is laden with...
Adding another cryptocurrency to our portfolio, Hedera, or HBAR-USD. On the daily chart, following the last low at $0.0357, we've developed waves 1 and 2 and are now in wave 3. This wave is expected to reach between $0.14 and $0.27. The exact placement remains to be seen, but we'll definitely be looking for entries for our wave 4 afterward, planning to hold...
🔍Aave's price action in the weekly timeframe indicates the possibility of breaking out of its 658-day consolidation phase, potentially initiating an upward trend. ✅After breaking its trend line, the price has surged by 100%. Although it faced rejection from the 110-120 supply zone initially, a second attempt with significant volume and bullish candlestick...
Logarithm. The main trend (all trading history). Time frame 1 week. The main trend to understand the main trend and cycles. Long-term position work in the spot (you don't need to hold your coins on the exchange, so you reduce the risk). If you are not working locally, there is no point in holding coins on exchanges, which can appropriate your funds in case of...
🔍Cardano (ADA) has broken above its previous resistance level and formed a higher high on the weekly timeframe. The coin has also successfully broken through the supply zone at $0.6 and activated a rounding bottom pattern. 🛒Currently, ADA is in a good position for a long trade. However, if you want to be more conservative, you can wait for a pullback to the $0.65...
On this highly reliable weekly chart I have placed and added various indicators. My review of them is on the chart. Solely from the perspective of my review and analysis and not at all setting aside the idea of BTC to $250K in 2024, Bitcoin may be overbought with a high RSI and MACD about to cross lines over a relatively thin histogram. Price is higher than...
Filecoin: the most underrated DePIN cryptocurrency. DePIN = Decentralized Physical Infrastructure Networks. Filecoin is a storage DePIN. Storage is crucial for not just AI data storage, but for data storage in general, especially as the world is becoming increasingly digitized. Filecoin is the best positioned storage DePIN project for the upcoming bull...
Beautiful Elliott Wave structure playing out... EOS.IO is a blockchain protocol based on the cryptocurrency EOS. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. It was developed by the private company Block.one and launched in 2017. The platform was later released as open-source software. #mana
Logarithm. Time frame 3 days. Exit from the downtrend in the long-term trend. Local trend. The price is at the lower zone of the horizontal channel at its support. For local trading, it is important to break the descending line of the local trend (purple color). In general, this is the accumulation zone of this cryptocurrency. Line chart. This squeeze under...
BINANCE:IOTXUSDT is proving strong amid a weak market and the fall of the flagship cryptocurrency. A dense pre-breakout formation is forming on the chart, which can give a great move if a number of conditions are met BINANCE:BTCUSD is declining, the market failed to strengthen above 28000 and the price is falling to 26000. On the background of the 5-day...
The Monthly candle is a Doji candle and with Eth's recent rise has returned back to Break Even on the Month. I'm anticipating that we will have some trouble breaking the $1,915 Weekly supply zone created on the week of May 29th. Ethereum's recent rise of 17% compared to Bitcoin's 25% has been quite disappointing for a smaller market cap cryptocurrency. Although we...
The price of Polygon (MATIC) has experienced a significant 22% collapse since its July highs, raising concerns about the possibility of a new yearly low. MATIC failed to break through a critical horizontal resistance area, leading to a breakdown from a short-term corrective pattern. This decisive rejection indicates a bearish trend, and if the breakdown is...
Analyzing the Bull Run Potential of RUNE/USDT: A Promising Investment Opportunity The Previous Bull Run: The last bull market for RUNE/USDT showcased an extraordinary performance for holders. Starting from September 21, 2020, with a price of around $0.322, the pair skyrocketed to $21.28 by May 17, 2021. This impressive rally resulted in a staggering 6626%...
We have discussed two ideas about this particular cryptocurrency. The first idea is the main one, and the second idea revolves around a cycle, which you can find more information about here: We are sharing this idea because we have conducted a thorough analysis of this coin and have found a high likelihood of a breakout. Currently, the highest percentage of...
What’s Next For BTC Price? 🚀 Bitcoin continues its tight consolidation around the $31,000 level, encountering resistance near $31,500. This ongoing battle between the bears and bulls signifies a critical juncture for the cryptocurrency. Analyzing the price action, a close consolidation near a resistance level often precedes an upward breakout. The presence...
The Litecoin (LTC) halving and Bitcoin (BTC) halving share some similarities, as they both involve a reduction in the block reward for miners. However, there are also some differences between the two events. Block Reward Reduction: Both LTC halving and BTC halving result in a reduction of the block reward. In the case of BTC, the block reward is halved...
Hello dear trading community! Our previous analysis predicted a drop to the 0.382 Fibonacci retracement zone, which was achieved at approximately $6.30. Now, Aptos has rebounded from this target and is showing signs of a potential Elliott wave formation and opening up new possibilities for the cryptocurrency. Currently, Aptos is approaching the resistance...
Hello fellow traders! Here's a brief technical analysis of the PEPE/USDT pair on the 4-hour timeframe chart. Currently, the price is consolidating after a two-month drop. By analyzing Fibonacci levels from the swing high and swing low, as well as the RSI breakout, we can anticipate a retracement of the price to levels around 10,980, 12,058, and 14,294. However,...