DOGWIFHAT #WIF NEAR TERM is TARGETTING $4.06-$4.33Per a inverse head and shoulders pattern that CRYPTOCAP:WIF is just now challenging the neckline.
Overall the structure that WIF has laid down these past few months suggests a wonderful surge in prices that could see WIF getting close to the $10 zone
#Memecoins are so powerful and make up a huge portion of the crypto sector.
It is safer to allocate to the new and LARGE coins
that have deep liquidity and bug 24 h volume
that the brand new coins which most retail gamble on and and end up walking away with nothing buy sob stories.
Altcoins
More BAD NEWS for XRP !!BINANCE:XRPUSDT & BINANCE:XRPBTC
The price has lost a long-standing trendline which acted as support, a bearish sign for the foreseeable future (until we can reclaim daily candles above):
XRPBTC is about to head for previous lows, during which time the price of XRP was 0.23c:
This further supports my suspicion that XRP may be heading back to the 0.20s, as seen here:
It is, however, important to note that each time the XRPBTC hits the bottom of a triangular consolidation, there is a small increase in the price. This could mean that we see another leg up before dropping lower:
as you can see from the chart, we are now nearly back at XRPBTC level's that lead to the previous parabolic pump. Will this time be the same? I don't think so. XRP has been showing extreme weakness. However, it never hurts as a small part of a diversified portfolio... just for incase.
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ETH - Critical Zone 👀 Again!Hello TradingView Family / Fellow Traders,
As per my last analysis, ETH rejected the $3000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the $4,000 - $4,100 is needed.
In this case, a movement towards the $4,500 resistance would be expected.
2️⃣ Bearish - Correction
Meanwhile, the bears can still kick in for a correction towards $3,500 where we will be looking for new short-term buy setups.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
27/05/24 Weekly outlookLast weeks high: $71,999.47
Last weeks low: $69,028.57
Midpoint: $66,057.66
After a historical week for the crypto space with the ETH ETF approval has meant that BTC has taken somewhat of a backseat. Currently battling with the '21 ATH at SWB:69K while ETH is beginning to pic up strength in the ETH/BTC pair and take volume away from Bitcoin.
Ethereum has been a relatively slow mover in comparison to some of the rest of the altcoin market. However, now that the ETFs are approved and it is to be expected that ETH will have huge Inflows just as BTC did with a >50% increase since approval. All this means that I could see BTC fighting the '21 ATH for sometime while the altcoin market and mostly ETH will take the spotlight for the next week at least.
SWB:69K lines up well with the weekly range Midpoint and that's the key battle for BTC, so far this Bullrun we've seen BTC lead the way generally, could it be time for ETH to take over?
This week I think ETH and ETH beta plays (OP, ARB, LDO, METIS etc) are the ones to watch, I would be cautious when it comes to Longing ETH blindly at this level, yes the massive demand increase will help price rise but as we saw with BTC after ETF approval, price did drop 18% over two weeks post approval. I'm not saying this will definitely happen with ETH, so far despite an initial 10% whipsaw price has stayed generally the same with a slight move up, however It is worth noting.
Altcoins Pre Rally- Ok here i will try to explain altcoins markets possible movements before the real bullrun.
- so i called it " Pre Rally ".
- why i always use Cardano as exemple ?
- Because Cardano is older than other altcoins projects and have liquidity.
- Why i don't use Ethereum ?
- Because ETH is stronger than regulars altcoins ( i don't consider it as altcoin )
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- what is important to look at in this chart :
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- Bottoms ( 0% Fibo )
- impulsive first extension ( 261.8% Fibo - Green Rectangles)
- retracements ( 161.8% Fibo - Red Rectangles )
- Rejections ( Red Bubbles )
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- i will post in comments some others projects and you will get it fast.
- Feel free to add your favorite project in comments and i will update the comments sections.
- Don't ask if project is too young.
- Numbers are not rally hazardous when you use Fibo the good way.
- Don't forget Trading is analyzing the past and try to get the future.
Happy Tr4Ding !
4️⃣ Interesting Altcoins - Episode 1️⃣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here are 4 Altcoins that I find interesting from a technical analysis perspective:
1️⃣- KUCOIN:DYDXUSDT
DYDX is currently hovering around the lower bound of the rising channel marked in blue.
As long as the $1.8 demand holds, I will be looking for trend-following buy setups on lower timeframes.
2️⃣- BINANCE:MASKUSDT
MASK has been hovering within a big range between $2.5 and $6.5.
For the bulls to take over and start the next impulse movement, a break above the last major high marked in green is needed.
3️⃣- KUCOIN:TIAUSDT
TIA is currently hovering around a massive support and round number $10.
As long as the $8.5 support holds, I will be looking for buy setups.
For the bulls to take over, a break above the last major high marked in red is needed.
4️⃣- BINANCE:ZRXUSDT
ZRX has been overall bullish trading within the flat rising wedge pattern in blue.
For the bulls to take over, and start the next impulse movement, a break above the last major high in red is needed.
Which asset would you like me to include in the next episode?
Let me know if you like this series; your feedback would encourage me to keep it running.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
JASMY - Very Strong Hi, This is my new update for Jasmy. One of the strongest coins in this correction from mars is Jasmy, it has only fallen 40% and now it is only down 20% from the top on mars 4th.
Right now we are in descending triangle pattern and we are pressing to break the trendline. We have a major resistance around 0.025-0.027 and I expect once we break the trendline and the resistance, we are going to takeoff +140% to 0.050.
It is also normal if we visit the support level 0.015 again, but if we break the 0.015, things will get very ugly, but as long as we hold the 0.015, I expect the next stop for Jasmy is around 0.050.
Good news is that we are above the 50D and 100D moving averages. The RSI has broken the trendline and the MACD is ready to get bullish momentum.
Solana - Why You NEED THIS Indicator📢COINBASE:SOLUSD
SOL is flashing some bullish signs on the indicator and it seems that we're gearing up for another move towards the upside. This is the indicator that I used to call the new BTC bullish cycle in November last year, as seen below:
In 3 short minutes, we'll discuss the functionality of this technical indicator and why it's really helpful when monitoring the market.
Make sure you don't miss my most recent update on BTC, and why I say another ATH is imminent:
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AAVE Re-Accumulation & New 5 Wave ImpulseAave has a textbook re-accumulation as well as a complete 5 wave structure with ABC correction. We are currently starting a new 5 wave impulsive structure, which should continue upwards. Some likely targets are the 1.382 and 1.618 that I have marked on the chart, and beyond
WHY This is ALTSEASON ?? 💥💯 Cycyle 3: Rising of the Altcoins !WHY This is ALTEASON ??
Cycle 3 // Bullrun 3 💥💯
Lets see on Total2 Marketcap
Look closer..
Volume: ✅
Significant volume increases in the bottom zone point to a trend reversal.
Gaussian Channel: ✅ (green)
as with other trend reversals, the channel changed from red to green
Level2: Bullish Area ✅
See on chart
Media Attention: Starts ✅
Ethereum ETF: On the road ✔
BTC Halving: On the road ✔
FED Interest rate cut: On the road ✔
Global Adapt: On the road ✔
...these are the known ones
I would like to approach the subject from different angles.
NVIDIA ? hmm.. Why Nvidia ?
>>Now I will show you the comparison of major altcoin charts with nvidia. this will mean a lot to us.
ETHUSD/NVIDIA
This is Real, Details on the chart.
XRPUSD/NVIDIA
>This chart shows us XRP times
TOTAL2/NVIDIA
> Lets see buy zones
AND JUST NVIDIA
Total2 is now on a bullish eve.
You see the technical levels. We are above the trend midline and this zone is a strong support.
In the back we have mayer multiple bands and gaussin channel in colour.
Analysis plain and simple. now only patience.
Solana's Phantom Wallet Spike in Popularity, Surpasses Facebook Solana's Phantom Wallet, a popular app for accessing Solana's web3 ecosystem, has surpassed Facebook and ChatGPT in the Google Play Store's U.S. rankings. Currently ranked #11 behind Cash App and Snapchat in the free download category, it saw an estimated 770,000 downloads in April. Phantom Wallet, originally designed to hold only Solana ( CRYPTOCAP:SOL ) tokens, has since expanded to support Bitcoin, Ethereum, and Polygon.
It also secured the third position in the Apple App Store's utility category, just behind Google and Google Chrome. In April, it reported over 7 million active monthly users, a sign of growing adoption. The token was trading just above $168, marking a modest 1.35% increase in the last 24 hours and a 16.9% jump over 30 days.
Technical Outlook
Solana ( CRYPTOCAP:SOL ) is down by 0.26% trading with a Relative Strength Index (RSI) of 54.48 which is poised for a trend reversal. Despite the token sale from FTX, Solana was able to retain the $160 support level.