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Dogs: Need to hop this fence. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bull Scenario: Break Above Resistance: If the price successfully breaks and holds above the 0.0010845 level, it could trigger bullish momentum. Target Levels: Bulls would aim for higher levels, with potential targets around 0.0012 and 0.00125. Higher Highs and Higher Lows indicates the trend at the smaller degree is up at the moment. Bear Scenario: Rejection from Resistance: If the price continues to reject from the 0.0010845 resistance, it could fall toward key support levels. Downside Targets: Bears would aim for the first support at 0.0009999 and then the next level at 0.0009741. Trend Continuation: Breaking the Lower Lows could lead to continuation of the down trend at the higher degree. Trade safe, trade clarity!
Long
by CryptoKnee
1
Phemex Analysis 19: PT _ Poised for the Next Move?After reaching an all-time high (ATH) of $1.377 on July 15th, PHEMEX:PTUSDT.P price declined along with the broader crypto market to a low of $0.942. However, PT rebounded by 32% during August, reaching $1.249. Currently, the price is trading between $1.10 and $1.20. This post will analyze Phemex Token (PT) key support and resistance levels and discuss potential price scenarios for the coming days. Key Support and Resistance Levels Intermediate Support: $1.088. This support has been tested previously and has proven its resilience in holding the price. Strong Support: $1.0 and $0.92. The $1.0 level is a psychological support that many long-term PT believers may choose to enter at. Resistance: $1.25 and $1.366. If the price breaks through $1.366, it could subsequently challenge the ATH of $1.377. Possible Scenarios Continued Consolidation: Given the current consolidation phase in the overall market, this is the most likely scenario. The price might create a higher low above $1.088 before entering a consolidation period. This could present a good opportunity to buy PT at a discounted price. Continued Decline: If the price drops below $1.088 with high volume, there is a possibility of further price declines. Investors could consider buying the dip at the $1.0 and $0.92 support levels. Breakout Rise: Alternatively, if the price breaks through $1.25 with high volume, there is a possibility of a price rise leading to a new ATH. Consider entering the market before it's too late. By understanding these key levels and potential scenarios, we can make more informed decisions about our PT investments. Note: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like Multiple Watchlists, Basket orders, and Real-time Adjustments to Strategy orders. Our USDT-based Scaled ordersgive you precise control over your risk, while Iceberg orders provide stealthy execution. Join Phemex today and unlock your trading potential. 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.
by Phemex
DOGS: Chance for redemption?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Bullish Scenario: What Needs to Happen: The price needs to break above the descending trendline and sustain above the 0.0010845 USDT support level. Target: Move towards the next resistance levels, potentially higher than 0.0011753 USDT. Bearish Scenario: What Needs to Happen: The price fails to break above the descending trendline and continues to respect it as resistance. Confirmation: A drop below the 0.0010845 USDT support level will confirm further bearish momentum. Target: Move lower, potentially testing previous lows, and further downtrend continuation. This analysis hinges on the price action around the descending trendline and key support/resistance levels. Monitoring these areas will provide clues on the next significant move for DOGS/USDT. Trade Safe, Trade Clarity.
Long
by CryptoKnee
VeChain: Still Some RoomVET experienced a setback last week within our blue Target Zone (between $0.0292 and $0.0179). This development aligns with our primary expectation, as we still grant the blue wave (ii) scope down to the lower edge of the zone. As soon as the low has been established, the price should turn around and be carried above the resistance at $0.055 by the same-colored wave (iii). However, the minimum technical requirement for the low has already been met. Should the coin break through the $0.033 level directly (35% likely), we will already see it in the blue wave alt. (iii).
BINANCE:VETUSDLong
by MarketIntel
Phemex Analysis 18: RARE's Next Move - Bullish or Bearish?PHEMEX:RAREUSDT.P recently experienced a meteoric rise, surging 300% in just three days. However, market sentiment quickly turned bearish, leading to a 54% price decline from its all-time high (ATH). Given this volatility, many traders are wondering what to expect next. Will RARE's price continue to drop, or could a reversal be imminent? Is now a good time to buy low, or should we consider shorting? To answer these questions, let's explore key support and resistance levels for RARE, and a few potential scenarios: Support and Resistance Levels Strong Support: $0.095, the level that marked the beginning of the recent parabolic rally. A break below this level could signal a more significant downtrend. Intermediate Support: $0.135. A retest of this level could provide a buying opportunity, but a break below it would weaken the bullish case. Resistance Levels: $0.172 and $0.19. These levels represent potential barriers to a sustained uptrend. A break above these levels would be bullish. Potential Scenarios Continued Decline: If RARE's price continues to fall, support levels at $0.135 and $0.095 may be crucial. The $0.095 level is particularly significant as it marked the beginning of the 300% rally. While buying the dip at these support levels might offer opportunities, it's essential to manage risk by avoiding over-allocation. Quick Rebound: Although less likely, a rapid price increase cannot be ruled out. If RARE's price surges, resistance levels at $0.172 and $0.19 could act as barriers. Short-term traders might consider going long during such a rally, aiming to profit from the subsequent pullback. Consolidation: Before another significant rally, RARE may need a period of consolidation to accumulate buying power. This could occur after a pullback to resistance levels or a decline to support levels. Patience is key in this scenario; wait for price action to confirm either scenario 1 or 2 before gradually accumulating positions. By carefully considering these factors and potential scenarios, you can make more informed decisions about your RARE investment. Note: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like Multiple Watchlists, Basket orders, and Real-time Adjustments to Strategy orders. Our USDT-based Scaled ordersgive you precise control over your risk, while Iceberg orders provide stealthy execution. Join Phemex today and unlock your trading potential. 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.
by Phemex
Altcoin Season Cancelled? Cardano Faces 30%+ CrashHonestly, most altcoins are stuck in a bearish rut. We haven’t seen any of them making new highs instead, they're hitting fresh lows. BINANCE:ADAUSDT is no exception, staying stubbornly below the EMA200 line. So, the talk of an alt season? We’re not buying it. Let’s zoom in on Cardano and see what’s really going on. On the daily chart, Cardano is digging in below the EMA200 line and the bearish trendline, reinforcing the strong bearish trend. A rising wedge pattern had formed, but instead of breaking out, it got hit with a series of heavy bearish candlesticks. And just to keep things interesting, the MACD has thrown in a bearish crossover for good measure. Recently, Cardano took a nosedive, breaking out of the rising wedge with a surge in trading volume, not exactly what the bulls were hoping for. To add insult to injury, the MACD line slipped below the signal line, signaling that the bears were tightening their grip. With all these bearish signals lining up, we’re eyeing a possible slide toward Target Area 1 at 0.2506 or even a deeper dip to Target Area 2 at 0.2197. These targets are mapped out using the Fibonacci ratios of 1.272 and 1.618. However, there might be some hope for the bulls if the price breaks above the resistance level at 0.3815. Disclaimer: "This analysis is purely for educational purposes and shouldn’t be taken as a recommendation to go long or short on Cardano." If you’re enjoying the ride, hit that rocket button, share your thoughts in the comments, and keep the conversation going!
Short
by financialfreedomgoals101
2
ATOM - Ideal BUY BACK Zone ApproachingThe greatest thing about bullish impulses / parabolic upwards price action, is when you know you can ride the tide because you ALREADY have a position. However, this means having the courage to buy when the prices are low and there is no immediate sign of a turnaround to the upside. I'll say again; profits are made in bullish markets but secured during bearish markets. This will, of course, largely depend on the direction of BTC over the next few weeks. So don't miss that important update HERE: ___________________________________ BINANCE:ATOMUSDT
by CryptoCheck-
1
Can 128% be soon?Cardano (ADA) is one of my favourite coins which I choose to invest in. This is trade (investment) setup on larger timeframe. If you never bought ADA before it is still not late. I am not looking to reach targets 2,3,4 very soon, that could be year(s). I will sell most of my capital on targets 2,3. Small portion will be sold on Target 1 and hopefully on Target 4. Entry Zone: 0.50 – 0.57 Buy Zone 1: 0.30 – 0.37 Buy Zone 2: 0.13 – 0.16 Target 1: 1.33 – 1.44 (128%) Target 2: 2.83 – 2.93 (390%) Target 3: 4.35 – 4.89 (651%) Target 4: 5.73 – 5.84 (891%)
Long
by Abmoon
6
DOGS: Rolled over, ready for a new trick or?...If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Dogs followed the path to the down side. Here is the updated 1-hour chart for DOGS/USDT which provides additional clarity on the downward trend and potential reversal points: Descending Trendline and Resistance Points: The descending trendline marked in yellow has been tested multiple times (indicated by red circles), reinforcing its significance as a resistance level. The price is struggling to break above this trendline, which has kept the downward pressure intact. Support and Resistance Levels: Resistance at $0.0012091: This level remains a key barrier for upward movement. It has played as support in the past. The break below can lead to this level becoming resistance now. It is the key level bulls need to regain. The zone at $0.0011282 is currently playing as resistance and is a critical levels to watch; a rejection could signal a deeper decline. This is the first level the bulls have to regain. Bullish Scenario: If the price manages to break above the descending trendline and sustain above $0.0011565, and flip the current resistance into support, it could lead to a bullish reversal Bearish Scenario: A failure to break above the trendline and resistance, could lead to further declines, validating the bearish momentum. Conclusion: The price is in a critical phase, with the descending trendline acting as a strong resistance. A break above this line could signal a bullish reversal, while continued rejection and an inability to regain the resistance levels would likely result in further bearish movement. The overall sentiment remains cautiously bearish unless a significant breakout above the trendline occurs. Trade Safe! Trade Clarity!
Long
by CryptoKnee
02/09/24 Weekly outlookLast weeks high: $64,481.00 Last weeks low: $57,205.43 Midpoint: $60,843.22 As September begins BTC finds itself at the $58,000 mark after selling off for the entire week last week. A historically bad Month for the crypto market is being paired with the first FED rate cut since March 2022. Conflicting elements with one bearish and one potentially bullish, it will be interesting to see if the final month of Q3 is a slow one or whether this is the month where BTC can break its daily downtrend and continue the Bullrun. I believe the 25bps vs 50bps rate cut is a huge point of contention, this week we have data releases for unemployment, nonfarm payrolls, jobless claims that could all give clues to the FEDs decision on the 18th September. BTC finds itself below the 1D & 4H 200EMAs once again after falling short of the $65,ooo breakout. It seems there isn't really any rush to buy before we know of the FEDs decision, chopping and generally delivering max pain to the majority, unless you can be nimble on the LTFs nobody is winning here. This week the wait continues, we saw a glimpse of hope in the altcoin market recently but that has now been taken away again as BTC struggled. Finding those fundamentally sound projects ready for Q4 and beyond is still a top priority.
by ProR35
Altcoins Can Drop Another 75% - Worst Case Scenario!In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins. Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask yourself, if the market drops another 75% from here, what will you do? Now into the analysis. The parallel channel is constructed from the top resistance and anchoring that resistance to the 2020 covid dump. As seen on the chart, alts lost over 92% of their value in the 2018 cycle. Currently, alts have lost 75% of their worth during the last cycle. If alts were to go down towards the bottom yellow support, they could lose around 85%-88% (depends on time) value. In other words, if this worst case scenario were to play out, alts could lose 70%-7% of their CURRENT value. Is this pattern likely? No. Should you prepare for it? Yes. Keep it simple, assume that the bottom support area is a great long-term entry point and can function as a bear-market bottom in case we go down further. There is definitely some risk of a recession as per my last yield-curve analysis. Furthermore, the SAHM Rule Recession indicator (google it) signals that a recession is coming. If the stock markets would go down like in 2001 and 2007, we're in for a wild ride in crypto. Happy to hear your thoughts.
CRYPTOCAP:TOTAL3
by FieryTrading
16
Dogs: Sit-up or roll over?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! The DOGS/USDT 1-hour chart indicates a potential Elliott Wave structure, with a completed 5-wave uptrend followed by an ABC correction, suggesting the market could be setting up for a new upward move if key levels hold. However, the move from the proposed end of the C wave is not forming an ideal motive wave. Key Levels: Support: The significant support zone around 0.0012091 could serve as a foundation for a potential bounce, with 0.0012879 currently acting as support. Resistance: Resistance is noted at 0.0013205 and 0.0013788. As the price approaches these levels, it may encounter selling pressure. For a sustained bullish trend, these levels need to be broken and flipped into support. Technical Indicators: A descending trendline from the peak of wave 5 underscores the bearish trend. The price is testing a break above this trendline, which could signal a trend reversal if it holds. A Fibonacci retracement at the 0.618 level would add validity to the bullish scenario with a break of it excluding the potential for algorithmic participation. Scenarios: Bullish: If the price can break above the descending trendline and maintain above the 0.0012091 support, it could target higher resistance levels. Successfully breaking and converting these into support would suggest a continuation of the bullish trend. Bearish: Failure to hold above the 0.0012091 support level may lead to further declines, reinforcing the bearish trend. Conclusion: DOGS/USDT is at a pivotal juncture. Holding above the descending trendline supports a bullish outlook, while failure to maintain support levels could signal more downside. Monitoring price action around these key levels will be crucial for determining the next move. Trade Safe! Trade Clarity!
Long
by CryptoKnee
Is an Altcoins rally coming? When? ETH/BTC 1W chart;CRYPTOCAP:ETH CRYPTOCAP:BTC 1W chart; On the chart we see two falling trend lines (red dash), one rising trend line (green dash). The price is in this range. It bounced 2 times from the OB resistance just above it. This place is weakened. It can also be interpreted that if it weakens enough, it may go up to the OB area above. It touched the lower green trend line 3 times and the last time it touched it, the mismatch on the RSI side stands out. So it gave an upward signal. The big red candle on the right shows the monthly volume. In other words, since the month started, it has gone down without going up. The appreciation of #Eth against #Btc means that altcoins are also appreciating. Accordingly, it is expected that a movement in altcoins will begin. Likewise, I have previously informed that many of the altcoins are in strong bottoms and trend compression. Although there is a downtrend extending from September 2022 to the present day, a close above the -OB level just above the current level will be the beginning of an upward trend. Therefore, it is important to follow this level.
Long
by ugurtash
DOGS Analysis==>>Pumping +20%/+30%Today, I want to analyze the DOGS Telegram project for you. The DOGS token has been listed in various exchanges for less than three days, and its great popularity caused a six-hour interruption on the TON blockchain . But the bad luck of the DOGS project is that its listing coincides with the arrest of Pavel Durov (the founder of Telegram) in France . What is the DOGS!? Dogs Community is a vibrant, community-driven initiative built on the TON Blockchain, designed to leverage Telegram's vast user base and native meme culture. Centered around a beloved dog mascot originally created by Telegram's founder, the project aims to introduce millions to blockchain technology through tokenized stickers, fostering a fun and engaging ecosystem with a focus on community ownership and fair rewards distribution. Due to the fact that the DOGS token has been listed for less than 3 days , there are few candles visible in the chart, but I will try to show you the support and resistance zones and if you intend to buy or sell the DOGS token You can decide better. DOGS is currently moving near the Support zone($0.00135-$0.00128) and Support line . According to Elliott's wave theory , the DOGS token seems to be completing the main wave 4 . I expect DOGS to go UP to $0.00165 at least. Note: The increase or decrease of the DOGS token can be directly related to Pavel Durov's court case. Note: If DOGS goes below the Support zone($0.00135-$0.00128), we should expect further corrections to this token. Do you have the DOGS token or not❗️❓ Did you sell it or do you want to keep it❗️❓ DOGS Analyze (DOGSUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
5
RUNE - BIG GAIN (BIG PICTURE)Dear friends, I will show another coin next to the LINK where I see Elliot wave expressed.. For LINKCHAIN, you have an analysis below this post.. First I would like to show my old projections related to RUNE and the exact take profit and return to DCA on it.. Here is a projection of profit taking.. and an accurately expressed mass jump of the first wave.. Then marked zones for returning to the market. Now that all that has happened, I have scenario A and B. The first scenario is that the bottom is behind us and that the first purchase is an excellent decision, on the other hand, we also have plan B because there is great resistance at $5. If the price does not show strength, the last buying target would be 2.2. Below that there is a very large volume and below that the door opens for a big risk (FOR NOW I'M VERY BULLISH) The first target will be scalar from $30 and on. This will all happen only if BTC manages to break the ATH
Long
by learnfromfailure
Fetch.AI Symmetrical Triangle SetupFET has formed a symmetrical triangle on higher time frames, indicating that a breakout is coming and which will help us understand whether bears or bulls will dominate in the near future. The price is reacting to the weekly SMMA and due to the confluence with some previous supports, the $0.80 level is very strong and can support the price, the RSI is also in the oversold region. If the price breaks the triangle to the upside with confirmation, I will open a long trade, I think this is the most likely scenario, with the first target at $1.48. However, be prepared for both scenarios, because if the price breaks the triangle downwards, it is because the downtrend is still strong and it will be a bearish setup.
Long
by The_Trading_Wizard_
1
ETH - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈ETH has been overall bullish, trading inside the flat rising channel in orange. Moreover, ETH is approaching a massive round number $2500. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the $2500 and lower orange trendline acting as a non-horizontal support. 📚 As per my trading style: As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
Phemex Analysis #16: TON - A Calculated Dip or a Risky Gamble?The recent turbulence surrounding Telegram has undoubtedly impacted the TON market. While the potential for a rebound exists, it's crucial to approach this situation with caution and a well-informed strategy. For investors who believe in TON's long-term prospects, understanding key technical support levels can provide valuable insights for potential entry points. Support Levels $4.60: A historically strong support level, indicating potential buying interest at this price. $3.30: While untested, it could offer robust support based on past performance. $2.15: This is the most critical support level. A break below this could signal a more extended downtrend. Entry Strategies Higher Probability: Purchasing slightly above the support level can increase the likelihood of a successful entry, but it also carries a higher risk. Lower Risk: Buying at or below the support level offers a more conservative approach, but it may involve potential slippage or missed opportunities. Additional Considerations Bitcoin's Influence: Keep a close eye on Bitcoin's price, as it often sets the tone for the broader cryptocurrency market. Telegram's Founder: News related to Pavel Durov, the founder of Telegram and TON, can significantly impact the price. Conclusion While TON's long-term potential remains promising, the current market conditions demand a cautious approach. Conduct thorough research, consider your risk tolerance, and utilize technical analysis to make informed decisions. Note: Have you tried Phemex’s Multiple Watchlists yet? We’re the first crypto exchange to offer fully customizable watchlists, allowing you to rename, rearrange, and even place basket orders on all the coins within your lists. 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.
by Phemex