Super update after washoutThis is why trading higher timeframes is better than short. The 4 hour chart was looking very bearish a few days ago then we broke to the upside. I expect my dashed target soon on this high momentum token. A nice dip into demand for that strong candle we saw. We are seeing volume expansion here, and RSI is touching the moving average on a strong reversal, 73 cents anyone?
SUPERUSDT trade ideas
Super contraction into volatilitySuper is contracting on price action pretty heavily here, the token is sipping from daily demand. RSI is starting to coil downward. Volume has taken a major breather here. I expect the bigger BTC correction soon, we might have another leg up before that. Super will do one of two things.
1. The token will pull an axie like I had hoped and go full launch despite BTC price action. The ecosystem is set to drop massive news next month and the token is up over 5x in a few weeks.
2. BTC will take a large dump on all of us and TOTAL3 will die like I predicted taking super down with it. There will be a few tokens that fall less or continue to consolidate during this time, Super just might be one of them but who knows.
Regardless, I am net bullish on the token, my long entry is the dotted green so I am sitting pretty either way. Stay safe.
SUPER target 0.92h time frame
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SUPER just broke out and retested the falling wedge, next step for strong pumping momentum is go above 0.66 which is the high while broke out wedge. Also, SUPER got support at 0.618 Fibonacci Retracement that is a good sign for next pump. Therefore, we can set a trading plan here and targets as below.
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TP: 0.9
SL: 0.485
Super looking to reverseSuper dipped heavily into daily demand on a reset of price action, volume, rsi. I expect another uptrend here soon as gaming likes to pump when BTC resets which has happened. I still theorize that super pulls an axie 2.0 and pumps beyond reason during boring BTC markets this coming year. My entry is still marked with the dotten green I am very long here and still have stacked bags from pre-release.
Super rejected at stated resistanceSuper has wicked to this resistance level 3 times in the past few days. This historic price level is one of the bigger areas of resistance . A cool off was definitely needed as the token dips into a range of support. Consolidation is needed if we dont want to realize a blow off top. I am still net long, especially since my most recent addition was many multiples ago marked by the dotten green line. I added a demand for a bounce/consolidation zone.
super taking another shot at 2021 resistanceSuper is looking to be taking another shot at the 2021 resistance which was heavily rejected previously. This was likely a leverage washout and some older bag holders capitulating. This is some of the heaviest resistance the token has until the 60ish cent range. RSI is in a clear macro uptrend, with a volume reset which was needed for a cool off. I am still net long here with spot I added heavily around 16 cents and a little nibble on this washout. I think we might see the push this weekend since the overall markets were very bullish all week. I added a local demand for context per usual. Stay safe.
Super rejects the 2021 resistanceAs I expected the first attempt at this June 2021 resistance was a heavy denial. This could be old bag holders exiting at break even. Traders are also likely to play this key area. The token has quickly dumped into the 4 hour demand here which is rather large. The token was way overheated. Consolidation is needed before another attempt. The RSI remains in the upward channel, and we still have strong volume. The dashed red lines are a new support that has been forming in the last 24 hours. I am net bullish here, non levered and holding.
Super After A Good Profit On Our Last Trade. Here Is The Second Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
Weekly Cup and handle on SUPERThis is a weekly view of my previous SUPER chart. I redrew the fibs from the entire chart history which really shows you far we have to go, we havent even reached the first fib level. The red line is the first fib ~ 60 cents. The token has finally retaken the 100 ema.
RSI is on a major weekly uptrend as the ecosystem comes to fruition. If you look way back to the weekly inflection point with the large red and green candle bodies, there really is no major price action until that point (87 cents). A lot of crypto charts look like this with massive weeks of downtrends with little to no supportive or resisting structures. I have held super since inception and have slowly added little bits averaging down. My trading entry is marked in the dotted green. I am clearly long here.
Massive up and handle breakout on SUPERSuper is a token I have held since inception. I plan to hold it until the full ecosystem release and rethink my thesis afterwards. This cup and handle is rather large and a lot of gaming looks like this. SUPER is pumping against bloody markets, gaming has done this in the past with BTC going sideways AXIE pumped very hard last cycle. I think it is prudent to keep spot exposure and just sit on your hands if you dont want to miss the gaming run. Futures trading is fine but I am generally covered with spot on most of what I trade. The two dashed greens are my first price targets with .4 being the next fib level. We are seeing a huge volume spike and RSI continues upward. I would be long here with perps.
