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MORPHO/USDT: Eyes on the Next Fib LevelsCurrently, MORPHO is trading at $2.79, sandwiched between the 0.65 and 0.618 Fibonacci levels. This zone, often called the "Golden Pocket," is a key area where buyers typically step in, indicating potential accumulation. 🔑 📊 Key Levels to Watch: 0.786 Fib: Sitting at $3.1484, this is the next immediate resistance. A break above it could confirm bullish continuation. Fib 1 at $3.6859: Expect some consolidation here before pushing higher. Target: Eyes on $4.4, halfway to the 1.618 Fib, which aligns with the resistance of the ascending channel. 🚀 💡 Game Plan: Bullish Scenario: Break above $3.1484 and target $4.4 in the coming weeks. A retest of Fib 1 ($3.6859) could provide an ideal re-entry. Bearish Scenario: Failure to hold the current golden pocket zone might result in a pullback to lower Fib levels. 🌐 Fundamental Strength: Morpho is a decentralized lending protocol on Ethereum, focused on direct peer-to-peer lending. With only 16.58% of its 1 billion token supply in circulation, there’s significant room for growth driven by platform utility and adoption. Its robust audits and efficient design make it a key player in the DeFi space. What’s your take? Will we take bullish elevator or will be waiting for the pocket to crack? 💭
Long
by Expate
BeFi Labs Hit Bottom November 2024, Bullish Confirmed —1650% PotHere we have a nice sequence of events and a classic bullish signal, the higher low. Notice the strong 'bearish wave'. Invariably, a bearish cycle is followed by a bullish cycle. A bullish cycle is preceded by a bearish cycle. After a bullish cycle we get a bearish cycle, back and forth. Over and over, again and again. A bottom low in November 2024 produces a strong bullish breakout, the 'initial bullish breakout'. This one amounted to 600%. The initial breakout is corrected and the correction ends in a higher low. We are looking at the first green session after a strong bearish impulse. The higher low will lead to a new bullish wave. This bullish wave has potential to grow beyond 1,000%. Without considering a new All-Time High, 1,650% is possible. This is based on technical analysis. This is my translation of the chart. The chart represents a form of financial hieroglyphs, a different language, a bunch of codes. Do you agree with my translation? Thanks a lot for your continued support. Crypto is going up. Namaste.
Long
by AlanSantana
BTCUSD Daily Inflection Point UpdatePreviously I mentioned the weekly was consolidating, but there is potential for this momentum consolidation to have a breakout leg as momentum shifts and the final emotional price movements are played out. I was too conservative in my price projections; a lot more than I used to be- but there wasn't a whole lot of TA involved- I figured the dollar issues would crop up earlier. Now that the Fed had pivoted. the yields are creeping back up pushing bitcoin back down. The fed doesn't let on just how dire the situation is- and with global tensions rising, the dollar is at significant risk. I expect a broad correction in all the markets- and cash to become very tight. There is daily momentum consolidation- and if any other events occur that send yields upward- bitcoin is likely to suffer as a consequence. If instead we sail into the new year unscathed- then this consolidation may provide another leg up; but a break below 88k and a push towards 60k may solidify bitcoins correction. DAILY WEEKLY
COINBASE:BTCUSDShort
by Mikhiavelli
$NIO yieahhhAnother Chinese company. They are all beat down can they get beat down further? - yes can it sink down? - yes am I scared? - yieaahh will I still go in? - yieahhh 1. Awesome R/R 2. Came down on a clear A-B-C 3. Monthly MACD trending green 4. Monthly RSI on a triangle, as soon as this breaks we will see a direction and will be fast, should be soon as we approach apex. 5. Monthly RSI, I like it right now touching the SMA and hopeful that it will use it as a trampolin 6. Weekly RSI not on this idea, seems to have broken up and is now coming down to retest the broken trendline, which I like 7. Hopeful to see a catalyst to send us to $9 quick which ison the next volume shelf, 23% retracement fib from previous high to low, close to the SMA. A lot of confluence here. Be safe out there, this name is vol-a-tile-yieahhh
NYSE:NIOLong
by rubfigue
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