AVAX SWING LONG IDEA - ALTSEASON 2024-2025AVAX made a pretty parabolic move upwards, and unfortunately, it didn’t give us an entry from the bearish trendline break retest, which I was waiting for to initiate the trade.
Currently, the price seems to have lost its momentum. I believe we’ll see a retracement into the daily demand zone (blue box), which aligns with the equilibrium level of the entire leg up—making it a key level for me. This is the first entry zone, and I plan to initiate the trade there with half position size around the $35.5 level (purple scenario).
The second entry zone is $30.4, as this level is built from weekly demand and sits below the daily swing liquidity, where I assume a significant amount of sell stops are likely resting. If I were a market maker for AVAX, I would definitely look to visit and grab that liquidity before driving the price to new highs (black scenario).
I believe these zones are the last opportunities to initiate a swing long trade, as I anticipate crazy pumps soon that will likely push the price beyond these levels for good.
I will be holding this position as a swing trade.
Altcoins
Cardano Breaks Ground with First ZK Smart ContractCardano ( CRYPTOCAP:ADA ) is making waves in the blockchain world with a groundbreaking advancement: the launch of its first Zero Knowledge (ZK) smart contract on the mainnet. This milestone marks a significant step in Cardano’s journey toward enhanced scalability, cost-efficiency, and competitiveness in the Layer-1 blockchain space.
The Cardano ZK Smart Contract Advantage
Cardano’s core developer, Sebastian Guillemot, announced the successful execution of the first ZK transaction using Plutus v3. This launch paves the way for zkApps and partnerchains, unlocking faster and more secure transactions. The low transaction fees, such as 0.16 ADA for token locks and 2.03 ADA for unlocking, highlight the protocol’s cost-effectiveness compared to other chains.
Zero Knowledge technology enhances privacy and scalability by enabling transactions without revealing sensitive data. This puts Cardano on par with Ethereum's scaling solutions, positioning it to attract developers and enterprises looking for efficient decentralized applications (dApps).
The Road to Innovation
Cardano's journey toward ZK implementation has been methodical. This achievement follows a series of strategic upgrades, including the Hydra Layer-2 scaling solution. The latest Halo2 ZK Proof campaign demonstrated Cardano’s potential to handle complex transactions, verifying 50 out of 50 signatures successfully.
These advancements align with Cardano's vision of providing a scalable, secure, and cost-efficient platform. The ZK integration strengthens Cardano's competitive edge against rivals like Ethereum and Solana, especially as ZK technology becomes a standard for blockchain scalability.
Technical Outlook
Despite the bullish news, ADA’s price has faced a setback, currently trading around $0.9220—a 7.37% drop in the past 24 hours. This decline is part of a broader market correction, reflecting the crypto market's volatility.
Key Technical Indicators:
- Relative Strength Index (RSI): Holding at 68, indicating that CRYPTOCAP:ADA is neither overbought nor oversold. However, the recent surge to over $1 has left the coin vulnerable to a short-term retracement.
- Support Levels: The 38.2% Fibonacci retracement level at $0.83 is a critical zone to watch. If ADA holds this level, it could serve as a springboard for a rebound.
- Resistance: CRYPTOCAP:ADA needs to reclaim the $1 mark to solidify its bullish momentum. A break above this level could pave the way for further gains, especially if market sentiment improves.
Building for the Future
Cardano’s focus on ZK technology reflects its long-term vision. By addressing key issues such as transaction scalability and cost-efficiency, Cardano is positioning itself as a formidable player in the blockchain ecosystem. The platform’s robust development roadmap and continuous upgrades signal a strong foundation for future growth.
Conclusion
While ADA’s current price action reflects market-wide consolidation, its fundamental advancements, particularly the ZK smart contract integration, paint a promising picture. Investors should watch key support and resistance levels closely, as ADA’s performance will likely mirror broader market trends.
Cardano’s innovation-driven approach could set the stage for significant growth, making it a project to watch as the crypto market evolves.
Will 90k Hold Bitcoin?Alright, so we couldn't quite tag 100k. Not surprising. 100k is huge psychological resistance and we can now see from on-chain data that long-term hodl'ers, which is defined as anyone who hodls BTC for 6+ months, have started to sell more rapidly as we approached that price point. So, we got our pullback as expected. Now, the question is how far down do we go? Will 90k hold us? Or will we go lower? Let's explore these questions a bit in this post using some basic technical analysis combined with our knowledge of past historical price action at the beginning of a bull run.
First, let's review where some of these trendlines on my chart actually come from.
That pink ascending trendline was made by connecting the wick top in April of '21 to the wick top in November of '21 and then extending it out infinitely to the right. In my last post, I stated that it would act as resistance. It did. But I also was unsure that it would hold us below for more than a few days. It didn't. There was enough hype in the market to break us to the upside. Now that same line should act as support. I would expect it to hold us up at least through Thanksgiving weekend here in the U.S. This may give altcoins enough time for one final pump.
And as long as Bitcoin decides to remain above that line, altcoins should continue to shine.
But, if Bitcoin's price decides to break below our trendline (I estimate that this will not occur until after this weekend), then altcoins will pull back more drastically as Bitcoin descends further.
So, if Bitcoin breaks below 90k, where will it go?
My guess will be that we drop to that second pink trendline below us somewhere around 75-76k. That trendline was drawn similarly to the way I drew the upper pink trendline. I drew a line from the wick high of November '21 to the wick of our most recent high of March this year. I then extended the line to the right. You can see from the chart that this was also a significant trendline because once the price broke above it, it sent, confirming the significance of the trendline.
Now, the rationale for my timeline and potential drop increments includes the fact that markets tend to stay optimistic over the holidays here in the U.S., especially when we are in the beginning stages of another bull run. And that we are. Therefore, if we do drop further, I wouldn't expect this to occur until after Thanksgiving weekend.
In bull runs, it is quite common to see 20%+ pullbacks while we move up. A drop to 76k would meet this historical pattern.
Again, I don't have high conviction that we actually will drop to 76k, therefore, I am not shorting. But I am a bit softer on the longs at this point and have all my stops at appropriate placement. Subs, check the tracker for those details. My current stable holding is around 40%.
Let's see how this all plays out.
✌️ Stew
BTW, I haven't mentioned it in this post, but my year-end target is now 102-109k. And yes, even with any pullback, I still believe we'll get there. I'll write more about this in a future post.
PEPE IS GOING TO THE MOON, VERY SOON! TRADE PLAN + TAPrice Action Overview:
Current Price: 0.000018448 USDT (down by 2.54% at the moment of the analysis).
The chart shows significant volatility, with a large spike in price followed by consolidation. This suggests that the asset might be in a retracement phase or forming a new support level.
A sharp upward move was observed, followed by a small downtrend and consolidation, signaling a possible range-bound market at this moment.
Volume Analysis:
Volume has been relatively low compared to the massive spike seen during the upward price movement, indicating decreasing momentum.
The increasing volume during the price rise indicates strong buying interest, while lower volume during the pullback suggests a lack of significant selling pressure.
Indicators:
VMC Cipher B Divergences (Top Indicator):
The VMC Cipher B indicates a mixed picture with bullish and bearish signals. The market appears to be in a neutral stance, with both green and red signals alternating.
The current green signal might suggest a slight upward momentum in the short term, but this needs confirmation with further price movement and volume.
Relative Strength Index (RSI) (Middle Indicator):
RSI is at 36.96, indicating that PEPE is in the neutral to slightly oversold zone. Typically, values below 30 would signal oversold conditions, while values above 70 indicate overbought conditions.
Currently, PEPE is in the lower part of its RSI range, potentially signaling an opportunity for a price rebound if the RSI moves towards 40 or higher.
Money Flow Index (MFI) (Middle Indicator):
The MFI is at 35, which is just below the neutral 50 level. This suggests that there is slightly more selling pressure than buying pressure but not to an extreme level.
A higher MFI would be indicative of more buying interest and a possible upward move.
Stochastic Oscillator (Bottom Indicator):
The Stochastic Oscillator is showing overbought conditions, with values nearing the 80 level. This suggests that PEPE could be nearing a short-term correction or consolidation phase.
Watch for a potential crossover or downward move to indicate a price correction or continuation of a downtrend.
Trend Analysis:
The current trend is uncertain, but recent price action suggests that PEPE might be in a correction phase after a large upward movement.
If the price remains above the support levels indicated on the chart, there could be a reversal or continuation upwards.
Key Levels to Watch:
Support Level: 0.000018000 USDT (around the current price).
Resistance Level: 0.000020000 USDT.
If PEPE fails to hold above the support level, it could test lower levels, potentially around 0.000015000 USDT.
Trading Plan for PEPE/USDT:
Entry Points:
Consider buying at or near the 0.000018000 USDT level if it holds as support. This could provide a low-risk entry with a potential for a reversal or consolidation before any upward breakout.
If PEPE breaks above the 0.000020000 USDT resistance level, look for confirmation of an upward trend and potentially enter a long position.
Stop Loss:
Set a stop loss around 0.000017000 USDT to manage risk in case the support level fails.
For more conservative risk management, consider placing the stop loss just below the next major support at 0.000016500 USDT.
Take Profit:
First Target: 0.000022000 USDT, just above the previous highs, which would indicate a breakout.
Second Target: 0.000024000 USDT, should momentum continue and if buying interest picks up.
Additional Strategy:
Monitor the RSI and Stochastic Oscillator: If the RSI begins to rise above 40 and the Stochastic Oscillator shows signs of reversal from the overbought region, these could be additional signals to add to a position or exit partially.
Volume Watch:
If the volume starts to increase again in line with upward price movement, this could confirm the strength of the trend and provide a safer entry for a long position.
In summary, PEPE is showing a mix of signals at the moment with potential for both upward and downward movements. It's crucial to monitor the support and resistance levels and the indicators to confirm the direction of the trend.
BRETT - MEMECOIN PROTAGONIST OF THIS BULL RUN - TRADE PLAN + TAMarket Overview
Current Price: 0.15859 USDT
24h Price Change: -3.16%
Volume: 1.93M
The asset has shown significant volatility in recent weeks, with strong price movement followed by consolidation.
Technical Indicators
VMC Cipher B Divergences: The VMC Cipher shows divergence patterns that can help detect potential reversals or trend continuation signals. There are several key points where divergences are visible in the current chart. The negative divergence near the price top could indicate potential downside or correction
.
RSI (Relative Strength Index): Currently at 44.73. This suggests the asset is not yet oversold or overbought but is hovering near the neutral zone. A rise above 50 could indicate bullish momentum, while a drop below 40 could indicate bearish sentiment.
MFI (Money Flow Index): At 41.52, the Money Flow Index is also near neutral. A value above 50 would indicate positive money flow, suggesting that buyers are in control. Below 50 points to selling pressure.
Stochastic Oscillator: Currently at 57.71 for the %K line, and 35.74 for the %D line. This is considered neutral but nearing an overbought zone. A crossover from below 20 could be a buy signal, while crossing above 80 would suggest an overbought condition and potential reversal.
Volume Analysis
Volume Spikes: The recent volume spikes suggest high market activity, with strong buying and selling forces at play. The presence of a high volume near the price peak indicates strong interest, but it also raises the possibility of a correction or consolidation.
Price Action
The chart shows a bullish trend over the past period, with a strong price increase followed by consolidation around the 0.158 level. This sideways movement could be a pause before either a further bullish breakout or a pullback.
Support Levels: Around 0.15 to 0.16, with the current price testing the lower support level.
Resistance Levels: Around 0.18 to 0.19, which could be the next target if the bullish momentum resumes.
Technical Patterns
Consolidation Phase: The price is in a consolidation phase, which is typical after a significant upward movement. It might test support levels before making another move.
Divergence: The negative divergence in the indicators suggests that if price action fails to break through key resistance, a bearish correction might occur.
Sentiment Analysis
Given the current neutral signals from the RSI, MFI, and Stochastic Oscillator, market sentiment is indecisive. Traders should watch for breakouts or breakdowns from key levels to gauge the next move.
Trading Plan for BRETT (BRETT/USDT)
Bullish Scenario
Entry Point:
If price breaks and sustains above the 0.16 level, this could signal a bullish continuation. A close above 0.18 would be a confirmation of a potential upward trend towards 0.20.
Targets:
Short-term target: 0.18 (first resistance zone).
Medium-term target: 0.20 or higher if the bullish momentum continues.
Stop Loss:
Set a stop loss just below 0.15 (the recent support level) to manage risk in case of a pullback.
Bearish Scenario
Entry Point:
If the price drops below the 0.15 support level, this could signal a short-term bearish move. A sustained breakdown below 0.14 would suggest further downside potential.
Targets:
Immediate target: 0.12, which would be a key support level.
Stop Loss:
For a short position, set a stop loss above 0.16 to limit the risk in case of a trend reversal.
Sideways Consolidation
Strategy:
If the price continues to move sideways, trade within the range by buying near the 0.15-0.16 support zone and selling near 0.18-0.19 resistance. This strategy would rely on short-term price movements and volatility.
Risk Management:
Always set stop losses just outside of support or resistance zones (around 0.14 for support and 0.20 for resistance).
Watch closely for breakout or breakdown signals above 0.16 or below 0.15.
Given the current neutral indicators, it’s wise to be patient and look for confirmation before entering large positions.
Maintain good risk management strategies, such as using tight stop losses and adjusting position size according to market conditions.
This plan takes into account both technical indicators and price action, but always stay updated with market news that may influence price movements.
DogeCoin To New ATHIn this analysis, we will discuss Dogecoin on the weekly chart and how it is nearing the formation of a new high. On the daily chart, this move may not be as clear, but when we zoom out, it becomes evident that liquidity has been swept from the previous high. Now, the chart is undergoing a retest, shaking out as many traders as possible before making a strong move to break its high.
Follow this analysis closely to stay ahead of Dogecoin’s potential breakout! Don’t miss updates on key levels and critical moves—make sure to check out my TradingView ideas for more insights.
ALT SEASON BREAKOUT! XRP to $1.78 & higher! Ripples & WavesBITSTAMP:XRPUSD
Keeping it simple, Alt season is here!!!
You can see it in the ripples & waves of the XRP Chart as they emanate outward from what seems to have been a massive buy bomb! and from the looks of It, it appears it was the direct hit we needed to finally propel XRP through the stratosphere !!
It seems by all metrics that we are set and ready for market expansion for the ALT coin market. XRP only moves with the broader crypto market, so a breakout in alts, means breakout for XRP. What's more, the only 2 possible moves left for XRP both lead to an imminent breakout. There could be a retest back down to $1.20 - $1.09 area, then we experience the parabolic breakout from there or, we break straight out from our current price levels of around $1.45.
Either way, exciting times are ahead. careful with leverage, protect your portfolios and just ride the waves...... 🌊
BITCOIN | MACRO OUTLOOK | Top is IN | ALTCOINS SHINEI've been risking my opinion for the better part of a year, saying that the ATH is stilllll coming. Now, it's time for me to choose my trades again; and I'm choosing to take my profits here.
Here's a replay of an entire year's worth of BTC updates, incase you want to verify😉:
The next thing I'm looking at is the continuation of Altseason , because the TOTAL3 chart peaks AFTER the BTC high. I touched a little bit on this mechanic here; but I think I'll do another update on that in coming days.
After alts top-out, for BTC bounce zones I'll consider the moving averages, Elliot wave corrective theory, and previous resistance zones as new bounce zones. But this is near term, not short term.
Stay tuned!! Cheers to the believers 🥂
________________
COINBASE:BTCUSD
25/11/24 Weekly outlookLast weeks high: $99,591.61
Last weeks low: $89,381.02
Midpoint: $94,486.31
Crypto continues to climb! Bitcoin less than 0.5% off the famous $100,000 milestone, we could see it broken this week if momentum is to continue going into month end. Last week we saw a steady climb from Monday to Friday with a similarly steady sell-off over the weekend, mostly due to lack of institutional buying that we've been used to since the Trump election win. This drop in buyers over the weekend naturally brings price down as the buyside demand drops, however it is expected to return during the weekdays.
Altcoins benefited from this reduction in BTC buyers with a shift from institutional whales to more retail players over the weekend. I expect to see the momentum return to BTC during the week. We saw BTC ETF options trading launch last week with 83% of hundreds of millions of dollars in volume betting on the price being higher, one contract of which (C100) expires on 20th Dec says BTC price will double in 1 month!
This week the question is will we see $100k, and what will happen if we do? Naturally there is a psychological importance to a big even number like this, and for retail investors that could be considered as a big thing, a possibly bearish level as retail takes profit, the story hits the mainstream news and creates a sell the news event? In previous cycles I would have said that was very possible, however, now the market is driven by institutional investors, ETF's and whales. These people are not interested in these 'big even numbers', they're interested in the bigger picture and for that reason I could see BTC blasting through $100,000, catching retail sidelined and having them panicking to re-enter, that's when a possible pullback could happen as that would be max pain for retail. I do think a pullback is coming eventually but for now the structure is very positive, shallow pullbacks are being bought up quickly with HH's & HL's consistently.
For this week I am looking at ETH against BTC as it looks to claw back some gains having been left behind this cycle so far. Altcoins are looking good too, the longer BTC pauses the more money will flow into alts, however any significant pullback in BTC will nuke alts as it has all year.
The Sandbox ($SAND): Leading the GameFi and Metaverse RevivalThe GameFi and Metaverse sectors are roaring back, with The Sandbox ( NYSE:SAND ) at the forefront of this resurgence. After a prolonged downtrend, NYSE:SAND has staged a remarkable comeback, surging 292% in just over two weeks. Starting from $0.20, it touched nearly $1 before consolidating around $0.75, currently down 3%. This rally has reignited interest in GameFi projects, positioning NYSE:SAND as a key player alongside Decentraland (MANA), Gala (GALA), and Axie Infinity (AXS), which have also seen significant gains.
Fundamental Catalysts
Several factors underscore NYSE:SAND ’s impressive performance. On-chain data reveals a surge in daily transactions, reaching 11,597—the highest in the past week. This spike indicates growing investor confidence and heightened network activity. Additionally, the rise in exchange withdrawals suggests that long-term holders are moving their tokens off exchanges, signaling a bullish sentiment and reduced sell pressure.
The Sandbox ecosystem has also benefited from renewed interest in the Metaverse and GameFi sectors, as projects with tangible utility and strong communities attract capital during this market phase. This broader revival aligns with the resurgence of decentralized applications and virtual worlds, where NYSE:SAND remains a prominent utility token.
Technical Outlook
From a technical standpoint, NYSE:SAND has broken out of a long-term falling wedge pattern—typically a bullish reversal signal. This pattern had previously led to a 75% decline, but the recent 292% surge marks a significant recovery. The breakout has set the stage for potential further gains, with the next target at $1.40. However, caution is warranted as the Relative Strength Index (RSI) is currently in overbought territory.
A retracement to the 38.2% Fibonacci level could provide a strategic entry point for investors looking to capitalize on the next rally. This correction would be healthy, allowing NYSE:SAND to build a stronger foundation for its upward trajectory.
Broader Market Dynamics
NYSE:SAND ’s performance is closely linked to the broader cryptocurrency market, particularly Bitcoin ( CRYPTOCAP:BTC ). As CRYPTOCAP:BTC eyes the $100,000 milestone, altcoins like NYSE:SAND often mirror its movements. A sustained Bitcoin rally could propel NYSE:SAND toward its $1.20 target and beyond, especially as the GameFi narrative gains traction.
The recent surge in Metaverse-related tokens reflects a growing consensus that virtual worlds and decentralized gaming will play a crucial role in the next phase of blockchain adoption. The Sandbox’s strong fundamentals, combined with its active development and partnerships, position it well to benefit from this trend.
Investor Takeaway
The Sandbox’s rally is more than just a technical bounce; it represents a fundamental resurgence in the GameFi and Metaverse sectors. Investors should monitor key support and resistance levels, stay attuned to Bitcoin’s movements, and watch for signs of continued on-chain strength. NYSE:SAND ’s journey from $0.20 to nearly $1 is a testament to its potential, and the path to $1.40 and beyond could be within reach if the current momentum holds.
BNB SWING LONG IDEA - ALTCOIN SEASON - BNB CHAINBNB is one of the most stable coins in the crypto market. With Binance officially backing it, BNB is relatively safer compared to other altcoins.
Technical Analysis: The price hit and wicked into the monthly demand zone during the August 5th dump, showing a strong rejection and initiating an upward trend. This move established a weekly demand zone by breaking the weekly structure, and as it did so, it created a daily demand zone, which is a significant area for me.
Currently, the price is back into the daily demand and has reached the optimal trade entry zone according to the Fibonacci levels. I anticipate an upward movement from here in the coming days.
Targets: The initial target is $613-$619, with potential to reach the all-time high at $722.
Note: Watch out for the U.S. Presidential Election, as it may cause volatility with long wicks that could stop out positions.
TIA Swing Long Idea - Celestia Altcoin LongTIA was one of the best-performing assets during the 2023-2024 altcoin run. As a leader in modular blockchain technology, I find its fundamentals very strong. I’ve been holding a significant number of TIA spot positions since 2023."
Technical Analysis:
The price has been relatively weak over the past few months. However, starting from September 2024, we saw an upward movement, creating a weekly bullish structure. The price broke the bearish trendline and closed above it. After deviating from the trendline, it retraced to the daily demand zone below, found support, and is currently holding above the trendline.
The price appears to be in an accumulation phase, lagging behind the upward movement of other coins. Despite this, I like the current levels and have opened a small position here.
Note: If Bitcoin retraces sharply, it could trigger the stop loss and take me out of the trade. To manage this risk, I will monitor the daily close below my stop-loss level before fully exiting.
SL: $3.60
TP1: $7.60
TP2: $11.90
TP3: $15.55
SANDBOX (#SAND) Analysis & ForecastHi Traders!
From a technical point of view, the trend is bearish in the short term, at the same time, SANDBOX has triggered an interesting technical rebound, and if it will still be able to trigger some consolidation around TARGET 1, we do not exclude a continuation of this swing also in the mid-term, with the potential achievement of TARGET 2. That said, on a daily time frame (logarithmic scale), SAND has reached an important resistance area, to keep the momentum alive it should be able to break it while remaining above the support area.
Thanks for watching.
BTC URGENT UPDATE
It will be double top and correction on Wednesday
I aspect that approximately 10:00 (utc +0) Wednesay 27 November
and after a correction peope sell all of alts and Friday will pump hard altcoins.
It is a game from whales bro watch out ..!!!!
P*lease leave a likle and comment .
Cheers bro
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WIF LONG OPPORTUNITY - SOLANA MEMECOINPrice is returning to the weekly demand zone, which aligns well with Fibonacci levels. I anticipate the price will reach the blue box (daily demand) and take off from there. While it may reclaim the blue trendline, there's also a chance it won't. Personally, I won't wait for a retest of that trendline to enter the trade.
I’ll look for LTF confirmations to initiate the trade.
SL: $1.725 (below daily close)
TP: $4.87 (ATH)
XLM/USDT Secondary trend. 14 01 2024Logarithm. Time frame 3 days. Local trend.
After breaking (breaking) the resistance of the descending wedge (trend), a sidewall is formed (accumulation zone with 3 local zones).
On the linear this “sawing” looks like this.
Local trading situation (reversal zone now).
To understand this zone more clearly, see the old ideas that are relevant now - the primary and secondary trends (links to the ideas below).
Primary trend (publication March 2022)
XLM/USD Primary Trend. Time frame 1 week. Squeeze channel
Secondary Trend (publication 06 2022) Without a link in a search engine, the site is not searchable because the publication is not public previously.
XLM/USDT Secondary Trend. Wedge
Altcoin Market Signaling Potential Bullish Run to $1 TrillionTotal Alt Coins Market Cap analysis update
After a significant upward movement in the market cap, consolidation within a descending channel or flag suggests a period of profit-taking and market indecision, though the overall structure remains bullish. The market is approaching the upper resistance of the flag, signaling the potential for a breakout. Once the breakout is confirmed, a bullish move can be expected. Based on historical price action and technical patterns, the next major target post-breakout could be around $1 trillion before end of 2024.