17 Years Experienced Trader Talks About PEPE Hey guys , MartyBoots here I have been trading for 17 years and sharing my thoughts on PEPE
PEPE is BNBs mini me or its little brother (for now at least )
It looks strong and should move well
Watch for more info and hit me up if u need help or have any questions
Altcoins
Rune: Rolling or Rune dIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bullish Scenario:
Price Holds Above $4.945: If the price holds above this interim high and continues to follow the Elliott Wave structure, it may head toward the next Fibonacci extension target of $6.50 and beyond.
Bearish Scenario:
Price Breaks Below $4.945: If the price drops below the $4.945 support level, it would indicate a deeper correction or possible invalidation of the current bullish count.
Invalidation Below $4.565: If the price falls below $4.565, the current bullish wave count would be invalid.
In conclusion:
Bullish if price holds above $4.945, targeting $6.50 and higher.
Bearish if price drops below $4.565, indicating further downside potential.
Trade Safe.
Trade Clarity.
Ethereum : ETH still BULLISH - Here's WhyFrom a macro analysis, ETH is very clearly in a bullish season. Apart from the obvious (following Bitcoin) there are a few other factors from which we can deduce that ETH is gearing up for another impulse wave UP.
👉 Higher lows
👉 Diagonal trendline acts as macro timeframe support
👉 Currently Three-White-Soldiers in the weekly - Bullish candlestick pattern
From a technical indicator perspective, we can see a healthy bounce on the lower white trendline. We can expect the rally AFTER the price reclaims the now upper red trendline (at which point it will turn GREEN).
The price is about to reclaim the 50d Moving Averages which, in the weekly timeframe, signals a bullish move:
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BINANCE:ETHUSDT
Ethereum on the Rise, Poised for a Bullish BreakoutBINANCE:ETHUSDT has been showing strong recovery patterns recently, and the technical indicators align with a potential bullish move in the coming months. On the weekly chart, COINBASE:ETHUSD has reached the bottom of an ascending channel, which historically has acted as a strong support zone. This $2K region is not only a psychological barrier but also a key support level that was previously a resistance. As ETH continues to hold above this zone, a rise toward its all-time high (ATH) becomes increasingly probable.
Recent data suggests that 2024 could witness a broader crypto bull run, driven by Ethereum and other major assets. Analysts are optimistic about increased adoption cycles following 2023’s groundwork. Ethereum could benefit from market-wide positive sentiment as key events like Bitcoin’s upcoming halving and ETF inflows are expected to drive demand for cryptocurrencies.
With the technical alignment and favorable market conditions, ETH is well-positioned to see significant growth, potentially targeting levels near EUROTLX:4K as it continues its rise within the ascending channel. This rally could be bolstered by investor confidence in the broader cryptocurrency market as new financial products and solutions drive further participation.
TOTAL3-USDT - RISK ON - ALTSEASON IS HERE!This will be the most important Weekly Close of the cycle for Altcoins.
TOTAL3-USDT has shown a “3 White Soldiers” pattern and broken out of its Bull Pennant and Bull Market Support Band.
RSI has also flipped bullish.
The last time this happened Q4 2020, Alts ripped ~1,100% over a 1 year period.
This rally has been fueled by the Fed announcing a massive 50 Bps Rate Cut, with PBOC doing the same shortly after.
More rate cuts are expected November 6th and December 17th to push risk even further.
Get ready for all your normie friends to start messaging you asking for crypto advice.
I personally have experienced this the past week.
DOGE PARABOLIC?? First, watch for these TWO CONDITIONS Dogecoin has been one of my top altcoins to watch for 2024, and it's likely going to be a key player in the parabolic runs during the next impulse wave UP.
If you've been following for a while, you'll know I've been anticipating impulse wave 4-5 around December ( according to Elliot Wave Theory). Across many altcoin charts, we see very clear bottoms as the prices are making their way to the fist major resistance zones.
We see it HERE, on Avax:
HERE on FETCH:
And even on ADA, Here:
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BINANCE:DOGEUSDT
LTD has room to hit $0.00009 before Daily RSI is overbought Daily RSI is still in the oversold range and RSI could become overbought after price increase around 670%.
Currently I accumulated LTD $0.00001205 average price for my last DCA.
I'm currently holding under 600M LTD, but looking to own at least 1,000,000,000 LTD.
The current falling wedge target would push us up over 90% from current price.
SOLANA - Second Wave Incoming?Everyone's favorite altcoin, at least in this cycle!
Let's study CRYPTOCAP:SOL 's behavior so far and see how much gas it has left in the tank.
Macro View
The month is looking promising! It's currently trading above previous month high and 2023 yearly open (key level) . What does this mean? Two possible outcomes:
The trend will stall for another three months before reaching new ATH (all-time highs).
The trend will issue a new bullish signal at the close of this month if it reaches $200.21.
The latter scenario has a higher probability, so let's explore it a little further
If the trend confirms within this month - let's say it doesn't but August does print the bullish signal - the price targets will be at $438 and $1,531 if things pick up nicely.
The second target remains within reach as the consolidation period features multiple equal highs. This calls for a strong move to the upside once things line up, as they are doing now.
Actions to take:
Bid this near $170 and have some last bids at the current monthly open ($148 - $152)
Add to spot buys if price hits $200 before the July monthly close.
Trade is meant to be long term, so be patient as I still think it presents the best and safest setup.
Below $140 the idea is invalidated :(.
Bitcoin 20k
**Bitcoin Shark**
(Tune: Baby Shark)
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To the moon, doo doo doo doo doo doo
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HODL strong, doo doo doo doo doo doo
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Phemex Analysis #25: PT going for New ATH?!PHEMEX:PTUSDT.P has been making waves in the crypto market, and its recent price action has caught the attention of many investors. After a healthy retracement to the $0.93 level, PT staged a powerful comeback, rallying by a substantial 40% to its current trading price of $1.34. This surge has brought PT dangerously close to its previous all-time high (ATH) of $1.3696, setting the stage for a potential new record.
Roadblocks and Opportunities
As Phemex Token (PT) approaches its ATH, it's encountering some resistance at the $1.3696 level. Multiple attempts to break through this barrier have been unsuccessful, leading to temporary pullbacks to the $1.30 level. However, this resistance also presents a buying opportunity for those who have been waiting on the sidelines.
For investors who missed out on the initial rally, buying near the $1.30 level could be a strategic move. It allows you to potentially capture further upside as PT attempts to break through its ATH. However, it's crucial to implement a stop loss below $1.30 to protect your investment in case the price reverses.
Playing the Dip
If the price does reverse, there are potential buying opportunities at lower levels. Strong support levels exist at $1.20 and $1.07. Buying on dips at these levels could offer a good entry point, especially if the overall bullish trend remains intact.
Fundamental Strength
Beyond the technical analysis, Phemex's fundamentals are also looking promising. The exchange has been gaining traction and performing well, and its SocialFi platform, PULSE, is making waves in the SocialFi sector. This positive fundamental outlook strengthens the case for PT's continued growth.
Conclusion
Phemex Token (PT) is in a strong position, having recently surged 40% and approaching its ATH. While there is resistance to break through, the potential rewards for investors who time their entry correctly could be significant. By carefully considering the technical analysis and fundamental factors, you can make informed decisions about whether to invest in PT and at what price point.
Tips:
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Rising Wedge Targeting Weekly SupportBTC Dominance has formed a rising wedge right into weekly resistance. If it loses local support around ~54-55%, it may drop to weekly support around 44-47-49%.
This could mean the entire market drops hard, or if Bitcoin holds up for the most part, it could instead mean a potential run for altcoins.
Bitcoin dominance breaking 59% and holding above it invalidates this idea.
ANDY: Constructive Price Action – Will It Pull a PEPE?Giving this one a shot. $ANDY
Things are setting up for a potential breakout after the third attempt at the trendline.
Focus should be on price movements within the descending pattern to determine if it’s worth taking the trade.
If a stock or asset shows no signs of life, it might be best to remove it from the watchlist. You want to see a strong inclination towards the descending trendline with a few tests.
XRP Dying Star?! Or Rising Again!?XRP has been dying for years
Relative to the space XRP has been a bad hold. In the last bull run it underperformed BTC and of course many others. It also underperformed its own previous high.
Pattern is similar to previous mega run
The lower high pattern is similar to what it made before its last mega run in 2017. It did top out late and was a market topping signal overall.. so even if not an XRP fan its worth keeping an eye on.
ETH - Bullish Control Persists!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our latest analysis, attached on the chart, ETH has rejected the $2,000 - $2,150 support zone and has been trading higher since then.
What's next?
For the bulls to take over long-term and push towards the $4,000 mark, a break above the $3,000 resistance is needed.
Meanwhile, the $2,850 - $3,000 zone would be acting as a resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ONDO BREAKOUT Since the beginning of June ONDO has been in a downtrend that saw a -66% move to the downside. Now 111 days later price has broken out of the trend channel, showing a +15% move from the breakout.
The daily candle is currently trying to close above the 1D 200EMA, a convincing close above the MA would be extremely bullish having now cleared the major resistances and the trend is flipping bullish.
Bullish targets would be:
- Local high (LTF) $0.808
- Daily resistance (1D) $0.901
- Key S/R level (1D) $1.048
- ATH $1.50
Stop Loss:
- Local low (downtrend continuation) $0.58
ONDO being one of the standout RWA projects has a great R:R here for the next 6-12 months. Definitely a coin worth keeping an eye on.