USDT Dominance - When will the ALTseason begin?🌏 A new week, a new month, a new quarter, and even a new half-year start today, what a sacred day - Monday, July 01, 2024!)
And if you look at and believe the USDT Dominance chart, then in the coming days the vector of the crypto market by the end of 2024 may be decided.
1️⃣ Fix above 5.15% will mean the possibility of an increase to 6.30%-6.50%.
And for the altcoins, most of which are already lying below the floor, this could be natural selection and a death sentence.
2️⃣ Move of the USDT.D index towards 4.50% and below can give an alt-season - which many are waiting for, but few believe in it :)
Below the idea, vote on where you think the USDT.D will move in the near future.
And in the comments, write down the alt pairs you are interested in, and we will make new ideas for some of them
USDT-D
Spotting a Bull Flag Pattern in Wave Coin (But Stay Cautious)Wave Coin is currently showing a promising bull flag pattern on the chart. This pattern typically indicates a continuation of the previous uptrend, suggesting potential for further gains. However, it's important to stay cautious as the price could also fall if the pattern fails to hold. The consolidation phase within the flag gives a chance to enter the market before the next breakout, but be mindful of key support and resistance levels. Always use stop-loss orders to protect your position and trade wisely!"
SOLANA Bull-Flag Pattern: Massive Move Incoming?SOLANA has been trading inside this pennant for nearly 4 months at this point. Since the pennant is being formed at the end of a strong bullish trend, I'm treating this as a bull-flag pattern.
My anticipation is that SOL (and many other tokens) are currently preparing for their next leg up. See signal on the chart.
Key Resistance and Potential Decline in USDT Dominance!Key Resistance and Potential Decline in USDT Dominance
The chart shows a strong resistance level around 5.08%. USDT dominance has tested this level several times but hasn't been able to break through.
📉 Current Price Action:
USDT dominance is currently struggling to break past this resistance, shown by multiple rejection candles.
📈 Potential Movement:
If this resistance level holds, USDT dominance might drop towards the ascending support line. The chart suggests a possible decline, as shown by the black arrow.
🔻 Support Levels:
The ascending trendline below acts as strong support. If USDT dominance falls, it might bounce back from this level.
📊 Indicators:
The supertrend indicator on the chart shows a bearish trend.
🔍 Analysis Summary:
This analysis highlights the current resistance level for USDT dominance and the potential decline towards the support line. Keeping an eye on these levels can help anticipate market movements.
Stay tuned for more insights and detailed analysis!
Need to check if it can rise along the important trend lineHello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
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(1M LOG chart)
(1D chart)
You can see that money is flowing into the coin market.
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For the coin market to continue its upward trend,
- Check if BTC dominance can fall below 55.01
- Check if USDT dominance can fall below 4.97
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(BTCUSDT 1D chart)
This volatility period is until June 25th.
Therefore, the key is whether it can rise along the important trend line.
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The upper section of the box of the HA-High indicator on the 1M chart is 59053.55-64K.
Therefore, the 59053.55-64K section corresponds to the support section.
Since the HA-Low indicator of the 1D chart is generated at the 62791.03 point, you can see that it is the time to buy depending on whether there is support.
Since the M-Signal indicator of the 1W chart is passing around 62791.03, you can see that the 59053.55-64K section is a meaningful section.
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It is highly likely that a full-scale uptrend will begin only when it rises above the section composed of the HA-High indicator (65.920.71) of the 1W chart and the HA-High indicator (67614.25) of the 1D chart.
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If it falls below 62791.03 and shows resistance, there is a possibility that a step-down downtrend will begin, so caution is required when trading.
However, if it falls along the HA-Low indicator, it is highly likely that a bottom section will be formed, so you should keep in mind how to proceed with the purchase.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since it is thought that a new trend can be created in the overshooting section, it is necessary to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Ethereum Waiting For A Great EntryAs seen on the chart, ETH has been trading alongside two strong bullish supports over the course of the last two years.
Personally, I'm waiting for a better entry before considering a near-term long swing entry, trade is on the chart.
These supports have historically held strong, so chances are that they will continue to do so. Keeping the TP close to reduce risk.
A riskier bet would be to put the TP at 5.000, higher risk and also higher reward.
Bitcoin can rebound up from support line to 65500 pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the seller zone, which coincided with the resistance level and little rise, but soon turned around and started to decline inside the downward channel. Later BTC broke the 66900 level and fell to the support line of the channel, after which it turned around and rose to the resistance level. When the price reached this level it at once rebounded and continued to decline in the channel to the support level, which coincided with the buyer zone. After BTC reached this level, it exited from the downward channel, broke the 61100 level, and fell to the support line. After this movement, the price turned around and started to grow, and quickly reached the support level, broke it again, and rose a little more. But a not long time ago price made a correction to the support line and now BTC still trades near this line. For this case, I think the price can trades near the support line and little more time and then rebound up almost to the resistance level. So, that's why I set my TP at 65500 points. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can bounce up from support level to $64400Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it fell to $65900 level, which coincided with resistance area.
Soon, price broke this level and fell a little lower, but then BTC rose to the resistance area and then continued to fall.
Later BTC fell to $60600 level, made fake breakout, and exited from channel, after which started to grow in another channel.
Inside rising channel, price rose to resistance line and then bounced back to support level, after which continued to rise.
Now, price trades near support line of rising channel, and I think that BTC can make small correction.
After this, price will bounce up to $64400, which coincides with resistance line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
DOGE Massive Move Incoming? Pump To 2$!Disclaimer: this analysis is based on two previous occurrences in a vastly different macro market and solely based on time. Although it's not likely that the analysis will play out exactly as shown, it's still a fun thought to consider.
In this analysis I want to shed some light on DOGE's previous price action and compare it to the current market. In the previous two bull-cycles, DOGE saw a +9,000% and a +30,000% between 38 and 34 months AFTER the previous top.
In February, where we can argue that DOGE's bull-cycle has started, we were at 33 months after the previous cycle top. Close enough!
If DOGE increases by a fraction of what it did in the previous two cycles, we can very easily argue that a 1$ or even a 2$ value per token is not too far-fetched.
Are you bullish on DOGE? Share your thoughts.
TECHNICAL ANALYISIS WITH TRADE PLAN ETH /USDT ON 1H TIMEFRAME BIAscending Channel:
The chart shows Ethereum moving within an ascending channel, which generally indicates a bullish trend. The price recently broke below the ascending channel, suggesting a potential correction.
Support and Resistance Levels:
Support levels are identified around 3,300 and 3,200 USDT.
Resistance levels are around 3,400 and 3,600 USDT.
Indicators:
VMC Cipher B Divergences: Mixed signals with some bearish and bullish divergences. The current state suggests a bearish divergence.
RSI (Relative Strength Index): Currently at 49.51, indicating a neutral position. No clear overbought or oversold condition.
Stochastic RSI: Shows an oversold condition with a value of 17.22, which might indicate a potential buying opportunity soon.
Trading Plan:
Intraday Trading:
Entry: Look for long positions if the price shows a strong support bounce around 3,300 USDT.
Exit: Target the first resistance level around 3,400 USDT.
Stop Loss: Place a stop loss slightly below the support level at 3,280 USDT.
Strategy: Monitor shorter time frames (e.g., 15-minute chart) for bullish candlestick patterns or momentum indicators turning positive before entering.
Scalping:
Entry: Enter long positions at support levels identified on the 5-minute chart, especially if there is a double bottom or strong reversal pattern.
Exit: Quick profits at minor resistance levels or key moving averages on the same chart.
Stop Loss: Tight stop loss just below the immediate support levels, such as 3,290 USDT.
Strategy: Use high-frequency trades to capitalize on small price movements, considering both support and resistance levels.
Swing Trading:
Entry: Consider entering long positions if the price bounces from 3,300 USDT support level, confirming a reversal.
Exit: Aim for the resistance level around 3,600 USDT.
Stop Loss: Place a stop loss around 3,200 USDT to protect against deeper corrections.
Strategy: Hold the position for a few days to a week, allowing the trade to develop. Use the daily chart to identify entry and exit points.
My advice:
Long Position: Favor long positions at current levels, given the oversold conditions on the Stochastic RSI and the presence of support around 3,300 USDT. Watch for a confirmed reversal signal before entering.
Short Position: Consider short positions if the price fails to hold the 3,300 USDT level and breaks lower, aiming for the next support at 3,200 USDT.
Risk Management: Always use stop losses to manage risk and protect capital. Adjust stop loss levels according to the volatility and trade timeframe.
Overall, the current technical setup suggests a cautious long bias, waiting for confirmation of support holding and potential reversal signals before entering trades.
Technical Analysis for Bitcoin (BTC/USDT) 1h chart on Binance.Hello!
I will make today, a techical analysis of price action, indicators and price projection with trade plans.
Price Action: Bitcoin appears to be in a channel up formation recently and has just broken out to the downside.
Volume: The volume profile indicates a decline, suggesting a potential lack of buying interest at current levels.
Indicators Analysis:
VMC Cipher B + Divergences: Shows a downward momentum with red dots appearing at the recent peaks indicating bearish divergence.
RSI (Relative Strength Index): Currently at 50.06, moving slightly downward. This neutral reading suggests there is no strong momentum either way, but the recent trend is slightly bearish.
Stochastic Oscillator: Shows a downward movement with the current reading at 37.36, indicating a bearish crossover in the lower half of the range which suggests potential further downside.
Price Projection:
The chart suggests a possible downward movement before a significant bounce. The projected path indicates a drop followed by a strong upward trajectory.
Trading Plans
Intraday Trading:
Strategy: Focus on short-term momentum and volatility.
Entry Point: Look for short positions if price breaks below the recent low around $61,553.95 with significant volume.
Stop Loss: Place a stop loss just above the recent high of the breakout channel, approximately $61,800.
Target: Aim for quick scalps in the range of $61,300 to $61,000 for intraday trades. Consider taking profits incrementally.
Scalping:
Strategy: Use smaller timeframes (1-minute to 5-minute charts) to capture quick price movements.
Entry Point: Enter short positions on bearish confirmation patterns such as breakouts from consolidation patterns or failed retests of resistance.
Stop Loss: Tight stop losses around $100 above the entry point to minimize risk.
Target: Look for quick profits in the range of $50-$150 per trade.
Swing Trading:
Strategy: Take advantage of the larger projected move.
Entry Point: Wait for the price to reach the anticipated lower level (around $60,000) as per the chart projection and show signs of reversal (e.g., bullish candlestick patterns, divergence in indicators).
Stop Loss: Set a stop loss below the key support level around $59,500 to protect against further downside.
Target: Aim for the upper projected target in the chart, around $68,000 to $70,000 for a higher reward-to-risk ratio.
Conclusion and Advice:
Short-Term (Intraday/Scalping): The current bearish indicators suggest short positions could be profitable. However, due to the overall market volatility, ensure tight risk management.
Long-Term (Swing Trading): There is potential for a significant upside after a possible near-term dip. Consider waiting for confirmation of reversal patterns at lower levels before entering long positions.
Advice:
For short-term traders, focus on short positions until the projected bottom is confirmed.
For long-term traders, look for buying opportunities at the lower levels indicated in the chart, aligning with the projected path.
Note: Always ensure proper risk management and use trailing stops to lock in profits while mitigating losses. Market conditions can change rapidly, and it's important to adapt to new information as it becomes available.
NEARUSD: Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring NEARUSDT for a selling opportunity around 5.95 zone, NEARUSDT was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 5.95 support and resistance zone.
Trade safe, Joe.
Bitcoin: Moment Of Truth For Bulls! Inverse Head & ShoulderTwo weeks ago I made an analysis where I discussed a potential short-term bearish view on Bitcoin's price, see below. I argued that if I were a bull, I'd wait for either a new all-time high break out or a sizeable correction before stepping in the market again.
As seen on the chart, my purple support line is holding (for now!). A reversal from this area would make it a perfect inverse head & shoulders pattern, which is a bullish reversal pattern.
To strengthen my short-term bullish view, Bitcoin's daily RSI has hit oversold for the first time since August 2023, 10 months ago!
Patient bulls have been waiting for a long time for the RSI to hit oversold again on the daily.
Whether it will be enough remains to be seen. However, I can clearly see that there's a great bullish short-term opportunity here. See signal on the chart. Be aware, it's a risky trade.
MASA SHOWS SINGALS OF BREAK IN THE COMING TIME $0,15MASA is an interesting trend we're watching time by time. We think there's a good chance this coin will rise and could potentially reach $0.15. Over the long term, it might show even more positive results.
We expect this because the latest data shows growing interest and increased trading volume. Recently, the coin had a dip, but now it looks like it's starting to go up again.
We'll keep an eye on this coin for two main targets:
$0.09
$0.15
Let's see what impact this coin will have. more updates here below with
new time frames.
The chart shows an example of how a target could go to the end price action, but it does not thats it should go the same way. we know that sometimes a break needs confirmation time.
not every coin can become successful for a trader, but a good trader follows the coin that has the most chance to increase and break in that time frames.
Like and follow for more.
The best trades for everyone!
ZCX - Excellent Support holding - Expecting Pump soon#ZCX #Analysis
Description
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+ Price is heading towards the strong support zone, this support held for long time
+ Expecting the price to bounce back after hitting this support zone
+ You can enter the position now, or when it hits the support.
+ SL is below the support line
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VectorAlgo Trade Details
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Entry Price: 0.16518
Stop Loss: 0.10819
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Target 1: 0.20471
Target 2: 0.25980
Target 3: 0.34376
Target 4: 0.46859
Target 5: 0.61632
Target 6: 0.91315
Target 7: 1.52410
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
SUIUSDT.1DAs of today, the SUI/USDT pair presents an intriguing landscape in the crypto market. On the daily timeframe, we've observed a significant downtrend that has been in play since the peak in early May. The current price stands at $0.899, reflecting a recent decline indicated by the red candles dominating the chart.
Key Support and Resistance Levels:
Resistance 1 (R1): $1.0031 - This level previously acted as support during early June but has since transformed into a resistance zone.
Resistance 2 (R2): $1.1984 - A critical high point that was last tested in late April and remains a significant upper barrier.
Support 1 (S1): $0.7641 - The current chart displays this as a pivotal support level that could dictate short-term movements.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) is trending below the signal line, illustrating bearish momentum. The negative histogram values further validate this sentiment.
RSI: The Relative Strength Index (RSI) sits around 39, indicating a bearish momentum but not yet in the oversold territory, suggesting that there could still be room for downward movement.
Analysis Conclusion:
Given the prevailing market conditions, where bearish signals dominate both from price action and technical indicators, I am inclined to maintain a cautious stance. While the current support at $0.7641 may offer temporary relief, the resistance at $1.0031 and $1.1984 poses significant hurdles for any bullish recovery.
Investors and traders should monitor these levels closely. A breach below the current support could lead to further declines, whereas a push above the first resistance might signal a potential shift in momentum. Always consider market news and broader economic factors that could influence price actions significantly.
CREAMUSDT.1DThe CREAM/USDT pair currently trades at $69.75, showing significant volatility in recent months. The daily chart highlights a series of fluctuations, with current pricing pressures suggesting a bearish sentiment.
Key Support and Resistance Levels:
Resistance 1 (R1): $55.09 - This level is critical as it has previously served as a strong resistance point. The price is currently below this level, which might continue to act as a ceiling in the short term.
Resistance 2 (R2): $103.92 - This is the highest recent resistance level, significantly above the current price, suggesting a strong upward move would be needed to test this.
Support 1 (S1): $39.37 - Currently, this support level is crucial. If the price drops below this, it could indicate a significant bearish trend.
Support 2 (S2): The chart shows a support around $27.70, indicating a lower boundary set during the recent lows.
Technical Indicators:
MACD: The MACD line is below the signal line, and both are trending downward below the zero line, indicating strong bearish momentum.
RSI: The Relative Strength Index is approximately at 49, suggesting a neutral position. However, its proximity to the oversold territory indicates potential volatility and downside risk.
Analysis Conclusion:
The CREAM/USDT market shows signs of stress with a potential bearish bias as indicated by the prevailing lower highs and the MACD configuration. The critical support at $39.37 will be vital to watch in the coming days. A break below this level could lead to further declines, testing the $27.70 support zone.
Given the current market setup and the resistance at $55.09 acting as a near-term ceiling, my outlook remains cautious. Traders should prepare for potential volatility with a close watch on the indicated support and resistance levels. A breach above the immediate resistance at $55.09 could alter the bearish outlook, suggesting a reevaluation of the current trading strategy.
SHIBUSDT.1DThe SHIB/USDT pair, as shown on the daily chart, trades at $0.00001655, demonstrating a significant bearish trend with a recent decline in value by approximately 5.59%. The trading environment has been largely bearish over the past months, following a failed breakout above earlier resistance levels.
Key Support and Resistance Levels:
Resistance 1 (R1): $0.00002155 - This level marks a recent high that SHIB failed to surpass, forming a clear resistance zone.
Support 1 (S1): $0.00001413 - This is a critical support level where previous lows have converged, potentially serving as a stabilization point if bearish momentum continues.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) is currently below the signal line and has moved into negative territory, indicating increasing bearish momentum.
RSI: The Relative Strength Index (RSI) is at 31.71, nearing the oversold territory, which may suggest that SHIB is under substantial selling pressure but could also indicate a potential reversal if it moves further into oversold conditions.
Analysis Conclusion:
The current technical setup suggests that SHIB is experiencing strong bearish pressure, with the potential for further downside if it breaks below the support level at $0.00001413. The proximity of RSI to the oversold region might slow down the selling momentum, possibly leading to a short-term bounce or consolidation. However, unless SHIB can reclaim higher levels above the current resistance at $0.00002155, the overall market sentiment remains bearish.
Investors should watch for any movement that breaks out of the current trading range as a signal for potential trend reversals or continuations. Given the negative momentum indicated by the MACD and the critical support levels outlined, the strategy should be cautious, prioritizing risk management and staying alert for any signs of a change in market dynamics.