Alertopia2
Technical & On-chain Analyst. 10 years investment experience in financial market.
IG: alertopia.
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Why Is Bitcoin Drop Today?
Once again, Bitcoin finds itself in a downward trend, with more than $150 million in futures contracts liquidated in the past 24 hours, causing ripples throughout the cryptocurrency market.
Liquidations of derivative contracts, including futures and options, tend to occur when asset prices experience prolonged declines. This scenario rings true for the current state of the crypto landscape, as Bitcoin and other cryptocurrencies have been steadily sliding downwards over the past month.
Until recently, the decline in crypto prices seemed gradual, resembling the gradual heating of water with a frog in it. Daily decreases were incremental, and no major shifts occurred within a single session. However, the accumulated effect of these sustained declines has taken its toll on spot prices. In August alone, BTC has plummeted by over 7%.
As prices continue to drop, a significant number of Bitcoin options contracts have wound up unprofitable—terminology used to describe options contracts that expire without generating profit.
The consequence of these unprofitable contracts is the liquidation of Bitcoin futures. This has set in motion a feedback loop, where the falling price of BTC leads to out-of-the-money options and futures being liquidated, in turn driving BTC's price even lower. This cycle repeats as the price drops anew.
As of midday, BTC has witnessed a nearly 3% decrease, while Ethereum (ETH) is down by almost 4%.
The scarcity of significant Bitcoin-related news this summer has played a pivotal role in the ongoing decline of its value. Following the announcement that investment behemoth BlackRock had filed for a Bitcoin ETF pegged to the actual price of Bitcoin (as opposed to just futures contracts), hopes were initially high for a prosperous summer. However, these expectations were not met.
The current sluggish news flow affecting the crypto market has resulted in reduced trading volumes and a subsequent decline in Bitcoin's price. These stagnant market conditions have led to a lack of liquidity, as the absence of significant developments has deterred both buying and selling activities.
Turning to the topic of unprofitable options, the imminent expiration of monthly options contracts at the end of the week has led traders to sell futures contracts to offset their losses. It's crucial to distinguish between options and futures, as they are often misconstrued. Options provide the option to buy or sell an asset at a specific price and time, while futures obligate the trader to buy the asset at a predetermined price on a set date. Both options and futures positions can be closed prior to their delivery date.
The safety of cryptocurrency investments has seen fluctuations this year, marked by a resurgence after 2022's crypto winter, characterized by the collapse of FTX crypto exchange in November. This collapse prompted intensified regulatory scrutiny from U.S. authorities on cryptocurrency exchanges and related entities.
SEC commissioner Gary Gensler has previously asserted that most cryptocurrencies are securities, subject to existing legal precedents. Recent SEC filings against entities such as Binance and Coinbase have further solidified this viewpoint, alleging unlicensed sale and transfer of securities.
However, Gensler and the SEC differentiate Bitcoin itself as a commodity rather than a security, thus falling under the jurisdiction of the CFTC rather than the SEC.
Despite recent price declines, Bitcoin maintains a nearly 70% year-to-date increase. Its present value of approximately $28,000 stands more than 56% lower than its record high of $64,400 achieved in November 2021.
Liquidations of derivative contracts, including futures and options, tend to occur when asset prices experience prolonged declines. This scenario rings true for the current state of the crypto landscape, as Bitcoin and other cryptocurrencies have been steadily sliding downwards over the past month.
Until recently, the decline in crypto prices seemed gradual, resembling the gradual heating of water with a frog in it. Daily decreases were incremental, and no major shifts occurred within a single session. However, the accumulated effect of these sustained declines has taken its toll on spot prices. In August alone, BTC has plummeted by over 7%.
As prices continue to drop, a significant number of Bitcoin options contracts have wound up unprofitable—terminology used to describe options contracts that expire without generating profit.
The consequence of these unprofitable contracts is the liquidation of Bitcoin futures. This has set in motion a feedback loop, where the falling price of BTC leads to out-of-the-money options and futures being liquidated, in turn driving BTC's price even lower. This cycle repeats as the price drops anew.
As of midday, BTC has witnessed a nearly 3% decrease, while Ethereum (ETH) is down by almost 4%.
The scarcity of significant Bitcoin-related news this summer has played a pivotal role in the ongoing decline of its value. Following the announcement that investment behemoth BlackRock had filed for a Bitcoin ETF pegged to the actual price of Bitcoin (as opposed to just futures contracts), hopes were initially high for a prosperous summer. However, these expectations were not met.
The current sluggish news flow affecting the crypto market has resulted in reduced trading volumes and a subsequent decline in Bitcoin's price. These stagnant market conditions have led to a lack of liquidity, as the absence of significant developments has deterred both buying and selling activities.
Turning to the topic of unprofitable options, the imminent expiration of monthly options contracts at the end of the week has led traders to sell futures contracts to offset their losses. It's crucial to distinguish between options and futures, as they are often misconstrued. Options provide the option to buy or sell an asset at a specific price and time, while futures obligate the trader to buy the asset at a predetermined price on a set date. Both options and futures positions can be closed prior to their delivery date.
The safety of cryptocurrency investments has seen fluctuations this year, marked by a resurgence after 2022's crypto winter, characterized by the collapse of FTX crypto exchange in November. This collapse prompted intensified regulatory scrutiny from U.S. authorities on cryptocurrency exchanges and related entities.
SEC commissioner Gary Gensler has previously asserted that most cryptocurrencies are securities, subject to existing legal precedents. Recent SEC filings against entities such as Binance and Coinbase have further solidified this viewpoint, alleging unlicensed sale and transfer of securities.
However, Gensler and the SEC differentiate Bitcoin itself as a commodity rather than a security, thus falling under the jurisdiction of the CFTC rather than the SEC.
Despite recent price declines, Bitcoin maintains a nearly 70% year-to-date increase. Its present value of approximately $28,000 stands more than 56% lower than its record high of $64,400 achieved in November 2021.
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Here are the Bitcoin price predictions for 2024 from 10 well-known individuals and institutions:
1. Tim Draper envisions a Bitcoin value of $250,000.
2. Adam Back anticipates Bitcoin to reach $100,000.
3. Tom Lee's prediction stands at $180,000 for Bitcoin.
4. JP Morgan forecasts a Bitcoin price of $45,000.
5. Arthur Hayes predicts Bitcoin will be valued at $70,000.
6. Robert Kiyosaki expects Bitcoin to reach $100,000.
7. Cathie Wood is notably bullish, with a projection of $1 million for Bitcoin.
8. Mike Novogratz estimates a Bitcoin price of $500,000.
9. Pantera Capital forecasts a value of $148,000 for Bitcoin.
10. Standard Chartered predicts Bitcoin to be at $120,000.
How is your prediction?😉
1. Tim Draper envisions a Bitcoin value of $250,000.
2. Adam Back anticipates Bitcoin to reach $100,000.
3. Tom Lee's prediction stands at $180,000 for Bitcoin.
4. JP Morgan forecasts a Bitcoin price of $45,000.
5. Arthur Hayes predicts Bitcoin will be valued at $70,000.
6. Robert Kiyosaki expects Bitcoin to reach $100,000.
7. Cathie Wood is notably bullish, with a projection of $1 million for Bitcoin.
8. Mike Novogratz estimates a Bitcoin price of $500,000.
9. Pantera Capital forecasts a value of $148,000 for Bitcoin.
10. Standard Chartered predicts Bitcoin to be at $120,000.
How is your prediction?😉
$BEAT is currently in a strong uptrend, trading well above its key Moving Averages (MAs), which signals significant bullish momentum. 🐂
The price just saw a powerful bounce from a major demand/support zone (around $1.00 - $1.25), confirmed by a large spike in volume. This indicates high conviction from buyers.
Right now, the price is challenging the immediate resistance level near $1.81.
Bullish Scenario: A decisive 4-hour candle close above $1.81 would likely target the recent swing high at $2.00, followed by the ultimate high around $2.40. 🟢
Key Support: The Orange MA at $1.48 acts as the crucial dynamic support to hold the uptrend. 🛡
The overall outlook is very bullish as long as the price maintains its position above that Orange MA.
Our previous outlook : BEAT
The price just saw a powerful bounce from a major demand/support zone (around $1.00 - $1.25), confirmed by a large spike in volume. This indicates high conviction from buyers.
Right now, the price is challenging the immediate resistance level near $1.81.
Bullish Scenario: A decisive 4-hour candle close above $1.81 would likely target the recent swing high at $2.00, followed by the ultimate high around $2.40. 🟢
Key Support: The Orange MA at $1.48 acts as the crucial dynamic support to hold the uptrend. 🛡
The overall outlook is very bullish as long as the price maintains its position above that Orange MA.
Our previous outlook : BEAT
$JELLYJELLY nice move.
will it break ATH?
will it break ATH?
$RIVER 🚨 ROCKET! INSANE BULLISH REVERSAL After Falling Wedge Breakout! 🚀
📈 Price Action and Chart Pattern
The price previously experienced a significant decline, which formed a Falling Wedge pattern.
This pattern is typically considered bullish and suggests that a breakout to the upside is likely.
The price has successfully broken out of this Falling Wedge, indicating a dramatic reversal of the prior bearish trend.
🚀 Recent Momentum and Breakout
Following the breakout from the Falling Wedge, the price has shown strong, explosive upward momentum. Currently, there is a very sharp move up, smashing through several key moving averages (represented by the orange, purple, and blue lines).
The last major resistance level was around the 4.920 to 4.611 area (indicated by the blue zone), which has been overcome with massive force.
There is a clear, recent surge in price, indicated by the two blue circles, which highlights an aggressive, parabolic buying phase where the price has pushed past $6.000 and is currently trading around $6.629. The bulls are showing NO MERCY!
🎯 Moving Averages (MAs)
The price is now trading supremely above all the displayed moving averages. The MAs themselves have recently started to curl upward and are crossing, or about to cross, in a super bullish configuration, confirming the dominant shift in momentum.
🥅 Target and Key Levels
The chart shows a designated Target level marked by a red dotted line near 8.000. This suggests an expected price goal following the bullish breakout.
The recent breakout from the Falling Wedge and the strong upward move indicate that bulls are firmly and aggressively in control. If the current price level holds, the next major objective is the indicated Target.
📈 Price Action and Chart Pattern
The price previously experienced a significant decline, which formed a Falling Wedge pattern.
This pattern is typically considered bullish and suggests that a breakout to the upside is likely.
The price has successfully broken out of this Falling Wedge, indicating a dramatic reversal of the prior bearish trend.
🚀 Recent Momentum and Breakout
Following the breakout from the Falling Wedge, the price has shown strong, explosive upward momentum. Currently, there is a very sharp move up, smashing through several key moving averages (represented by the orange, purple, and blue lines).
The last major resistance level was around the 4.920 to 4.611 area (indicated by the blue zone), which has been overcome with massive force.
There is a clear, recent surge in price, indicated by the two blue circles, which highlights an aggressive, parabolic buying phase where the price has pushed past $6.000 and is currently trading around $6.629. The bulls are showing NO MERCY!
🎯 Moving Averages (MAs)
The price is now trading supremely above all the displayed moving averages. The MAs themselves have recently started to curl upward and are crossing, or about to cross, in a super bullish configuration, confirming the dominant shift in momentum.
🥅 Target and Key Levels
The chart shows a designated Target level marked by a red dotted line near 8.000. This suggests an expected price goal following the bullish breakout.
The recent breakout from the Falling Wedge and the strong upward move indicate that bulls are firmly and aggressively in control. If the current price level holds, the next major objective is the indicated Target.
$FHE
Our outlook remains the same as before.
Our outlook remains the same as before.
$FHE is still showing a strong bullish trend, with the price staying above all major EMAs, which means buyers are firmly in control 📈🔥.
The recent pullback looks healthy because the trading volume is dropping during the correction — a sign that sellers are not very aggressive 😌.
The RSI around 62 also shows that the momentum is still bullish and not yet overbought, giving the market more room to move upward 💪💜.
As long as the price holds above the support zone around the EMA10–EMA20 area (0.051–0.045), the uptrend remains solid. If this support stays strong, FHE has a good chance to retest the 0.064 level and possibly break higher 🚀✨.
Overall, the trend remains positive, and this small cooldown could simply be a pause before the next potential move upward 🌟.
The recent pullback looks healthy because the trading volume is dropping during the correction — a sign that sellers are not very aggressive 😌.
The RSI around 62 also shows that the momentum is still bullish and not yet overbought, giving the market more room to move upward 💪💜.
As long as the price holds above the support zone around the EMA10–EMA20 area (0.051–0.045), the uptrend remains solid. If this support stays strong, FHE has a good chance to retest the 0.064 level and possibly break higher 🚀✨.
Overall, the trend remains positive, and this small cooldown could simply be a pause before the next potential move upward 🌟.
Fed Set to Cut Rates Again — What Does That Mean for Crypto?
$BTC
The Federal Reserve is expected to deliver a third consecutive 25 bps rate cut, bringing the policy rate to 3.5%–3.75%. However, the decision will likely be accompanied by a hawkish message, signaling that further cuts are unlikely in the near term. ⚠️📉
The FOMC is divided:
• One side supports more cuts to prevent further weakening in the labor market. 👔📊
• The other side warns that additional easing could worsen inflation, which remains stubbornly above the 2% target at 2.8%. 🔥📈
Markets expect a “hawkish cut”: a rate reduction paired with guidance suggesting the Fed is comfortable pausing. Powell’s press conference is expected to emphasize higher thresholds for future cuts and acknowledge dissent within the committee. 🎙️🦅
Investors will closely watch:
• The dot plot showing policymakers’ rate expectations. 📍
• Updated projections for GDP, unemployment, and inflation. 📑
• Possible signals on balance sheet policy, including whether the Fed will shift from halting QT to modest bond purchases (not full QE). 🏦📉
Oveall, the meeting is complicated by mixed labor market data — slowing hiring, rising layoffs — and inflation still above target. The Fed is likely to cut once more, but deliver a cautious message about what comes next. ⚖️📉
With the Fed signaling a hawkish tone even as it cuts rates, do you think BTC will break to a new upside level, or is the market more likely to correct first? 🚀📉
What’s your view? 💬
The Federal Reserve is expected to deliver a third consecutive 25 bps rate cut, bringing the policy rate to 3.5%–3.75%. However, the decision will likely be accompanied by a hawkish message, signaling that further cuts are unlikely in the near term. ⚠️📉
The FOMC is divided:
• One side supports more cuts to prevent further weakening in the labor market. 👔📊
• The other side warns that additional easing could worsen inflation, which remains stubbornly above the 2% target at 2.8%. 🔥📈
Markets expect a “hawkish cut”: a rate reduction paired with guidance suggesting the Fed is comfortable pausing. Powell’s press conference is expected to emphasize higher thresholds for future cuts and acknowledge dissent within the committee. 🎙️🦅
Investors will closely watch:
• The dot plot showing policymakers’ rate expectations. 📍
• Updated projections for GDP, unemployment, and inflation. 📑
• Possible signals on balance sheet policy, including whether the Fed will shift from halting QT to modest bond purchases (not full QE). 🏦📉
Oveall, the meeting is complicated by mixed labor market data — slowing hiring, rising layoffs — and inflation still above target. The Fed is likely to cut once more, but deliver a cautious message about what comes next. ⚖️📉
With the Fed signaling a hawkish tone even as it cuts rates, do you think BTC will break to a new upside level, or is the market more likely to correct first? 🚀📉
What’s your view? 💬
$WET
The chart is currently in a Decision Phase. The bears had their fun with the wedge breakdown, and now the bulls are trying to build a base.
Bullish Scenario 🚀: If the price holds above 0.2900 and breaks the immediate resistance at 0.3000, it will likely head towards the first red zone at 0.3100.
Bearish Scenario 🩸: If the price gets rejected here and falls back below 0.2800, it will likely re-test the bottoms at 0.2700.
⚠ Note: Since this is a 3-minute chart, the market moves very fast! Keep your stop-losses tight.
We go beyond technical analysis—we actively trade the assets that we analyze.🤝
#altseaon
#NFA
#dyor
The chart is currently in a Decision Phase. The bears had their fun with the wedge breakdown, and now the bulls are trying to build a base.
Bullish Scenario 🚀: If the price holds above 0.2900 and breaks the immediate resistance at 0.3000, it will likely head towards the first red zone at 0.3100.
Bearish Scenario 🩸: If the price gets rejected here and falls back below 0.2800, it will likely re-test the bottoms at 0.2700.
⚠ Note: Since this is a 3-minute chart, the market moves very fast! Keep your stop-losses tight.
We go beyond technical analysis—we actively trade the assets that we analyze.🤝
#altseaon
#NFA
#dyor
$TRUTH
Price has bounced from the recent low around 0.008676 and is now trying to recover, but still below key EMAs — showing the trend is still bearish overall 📉. RSI around 47 indicates neutral momentum, not overbought yet 👍. If buyers can push above the short-term EMA cluster, a further bounce is possible.
Entry (Long):
➡️ Around 0.0118 – 0.0120
Take Profit (TP):
🎯 First target: 0.0132
🎯 Second target: 0.0140
Stop Loss (SL):
🛑 Below support 0.0104
Be careful — this is still a high-risk rebound play! Manage risk properly ⚠️💪
#altsesaon
#NFA
#DOYR
Price has bounced from the recent low around 0.008676 and is now trying to recover, but still below key EMAs — showing the trend is still bearish overall 📉. RSI around 47 indicates neutral momentum, not overbought yet 👍. If buyers can push above the short-term EMA cluster, a further bounce is possible.
Entry (Long):
➡️ Around 0.0118 – 0.0120
Take Profit (TP):
🎯 First target: 0.0132
🎯 Second target: 0.0140
Stop Loss (SL):
🛑 Below support 0.0104
Be careful — this is still a high-risk rebound play! Manage risk properly ⚠️💪
#altsesaon
#NFA
#DOYR
$MAGIC chart on the 30-minute timeframe shows strong bullish momentum! The price experienced a huge spike 🟢, confirmed by high volume, indicating major buying pressure. It is now in a tight consolidation phase (sideways movement) right below immediate resistance (the blue line). This structure is classic for a potential bullish continuation pattern (like a bullish flag).
Key Support: The level currently holding the price is around $0.1060 🛡.
Key Resistance: The immediate hurdle the price needs to clear is at $0.1110 🧱.
🟢 Long Trade Setup (Bullish Continuation)
We are anticipating a breakout from the current consolidation to continue the strong upward trend.
Entry Price (Buy Long): Enter the trade aggressively at $0.1115.
Take Profit 1 (TP1): Set your first target at $0.1200.
Take Profit 2 (TP2): Target the area just under the major red supply zone (the highest red box) at $0.1245 🎯.
Stop Loss (SL): Place your stop loss below the current support/consolidation range at $0.1055 🛑.
⚠ Risk Management & Tips
Confirmation: Wait for a strong 30-minute candle to close above your entry of $0.1115 before executing the trade.
RSI: The Relative Strength Index (RSI) is currently strong, suggesting momentum is still with the bulls, supporting this continuation move. 📈
Risk/Reward: This setup offers a favorable Risk-to-Reward ratio (over 2:1), which is crucial for good trading! ✅
#NFA
#dyor
Key Support: The level currently holding the price is around $0.1060 🛡.
Key Resistance: The immediate hurdle the price needs to clear is at $0.1110 🧱.
🟢 Long Trade Setup (Bullish Continuation)
We are anticipating a breakout from the current consolidation to continue the strong upward trend.
Entry Price (Buy Long): Enter the trade aggressively at $0.1115.
Take Profit 1 (TP1): Set your first target at $0.1200.
Take Profit 2 (TP2): Target the area just under the major red supply zone (the highest red box) at $0.1245 🎯.
Stop Loss (SL): Place your stop loss below the current support/consolidation range at $0.1055 🛑.
⚠ Risk Management & Tips
Confirmation: Wait for a strong 30-minute candle to close above your entry of $0.1115 before executing the trade.
RSI: The Relative Strength Index (RSI) is currently strong, suggesting momentum is still with the bulls, supporting this continuation move. 📈
Risk/Reward: This setup offers a favorable Risk-to-Reward ratio (over 2:1), which is crucial for good trading! ✅
#NFA
#dyor
$ZEN
Based on the 4-hour chart, the ZEN/USDT pair has successfully broken out of a Falling Wedge pattern. This is a classic bullish reversal signal that suggests the downtrend may be over.
Current Action: The price has surged past the upper resistance line (highlighted by the blue circle), confirming the pattern breakout. This move is backed by a healthy spike in trading volume. 💹
RSI Check: The Relative Strength Index (RSI) is strong at 74.32 ("Slightly Bought"), indicating significant positive momentum but watch out as it nears the overbought zone (>80).
🎯 Quick Trade Strategy
BUY Signal (LONG): Entry is good around the current price of 10.237 USDT or wait for a small pullback to retest the broken trendline for a safer entry. 🟢
Take Profit Targets: Look to secure profits at the next major resistance levels, first around 11.50 - 12.00 USDT, and then potentially higher at 13.50 USDT. 💰
Stop-Loss (SL) for Long: Set your Stop-Loss around 9.00 USDT, just below the breakout point. 🛡
📉 SHORT Signal (Bearish Confirmation): Consider shorting only if the price fails to hold the breakout and closes back below the upper trendline of the Falling Wedge, specifically a strong close below the 9.50 USDT area. 🔴
Target for Short: The first target would be the lower boundary of the wedge around 8.50 USDT, and the second target could be the previous low near 7.50 USDT.
Stop-Loss for Short: Set your Stop-Loss just above the high of the failed breakout, for instance, 10.50 USDT.
Trade Smart.
#NFA
#DYOR
Based on the 4-hour chart, the ZEN/USDT pair has successfully broken out of a Falling Wedge pattern. This is a classic bullish reversal signal that suggests the downtrend may be over.
Current Action: The price has surged past the upper resistance line (highlighted by the blue circle), confirming the pattern breakout. This move is backed by a healthy spike in trading volume. 💹
RSI Check: The Relative Strength Index (RSI) is strong at 74.32 ("Slightly Bought"), indicating significant positive momentum but watch out as it nears the overbought zone (>80).
🎯 Quick Trade Strategy
BUY Signal (LONG): Entry is good around the current price of 10.237 USDT or wait for a small pullback to retest the broken trendline for a safer entry. 🟢
Take Profit Targets: Look to secure profits at the next major resistance levels, first around 11.50 - 12.00 USDT, and then potentially higher at 13.50 USDT. 💰
Stop-Loss (SL) for Long: Set your Stop-Loss around 9.00 USDT, just below the breakout point. 🛡
📉 SHORT Signal (Bearish Confirmation): Consider shorting only if the price fails to hold the breakout and closes back below the upper trendline of the Falling Wedge, specifically a strong close below the 9.50 USDT area. 🔴
Target for Short: The first target would be the lower boundary of the wedge around 8.50 USDT, and the second target could be the previous low near 7.50 USDT.
Stop-Loss for Short: Set your Stop-Loss just above the high of the failed breakout, for instance, 10.50 USDT.
Trade Smart.
#NFA
#DYOR
$STABLE
Technical View (1H)
Price is still in a strong downtrend with candles moving below all major EMAs (10/20/50/100/200) ➡️ bearish momentum remains 🚨
💡 There’s a small sideways consolidation after hitting the low at 0.01520, showing a possible short-term pause before the next move 🤏📊
📊 RSI ~35 → still in bearish zone, recovery is weak so far 😓
🔥 Volume is decreasing, meaning buyers aren’t strong yet. A breakout with big volume is needed for reversal ⚡
❗Trend bias: Bearish until price can reclaim EMA20 (0.019+)
Support: 0.01520
Resistance: 0.01900 – 0.02300
#Altcoins👀🚀
Technical View (1H)
Price is still in a strong downtrend with candles moving below all major EMAs (10/20/50/100/200) ➡️ bearish momentum remains 🚨
💡 There’s a small sideways consolidation after hitting the low at 0.01520, showing a possible short-term pause before the next move 🤏📊
📊 RSI ~35 → still in bearish zone, recovery is weak so far 😓
🔥 Volume is decreasing, meaning buyers aren’t strong yet. A breakout with big volume is needed for reversal ⚡
❗Trend bias: Bearish until price can reclaim EMA20 (0.019+)
Support: 0.01520
Resistance: 0.01900 – 0.02300
#Altcoins👀🚀
$TAKE As previously explained.
$TAKE
Technical Update (1D)
TAKE has successfully broken out from the rising channel with strong volume, indicating continued bullish pressure. The overall market structure remains positive as long as the price stays above the $0.30 support zone. RSI is currently around 65+, showing strong momentum while approaching the overbought area. Smart money remains active on the buy side as seen from rising open interest and long dominance from top traders.
🎯 Upside targets are set at $0.40–$0.42 in the short term. A successful breakout above this zone could open the door for further continuation toward $0.50 and even $0.60. A healthy pullback into the $0.30–$0.31 region may provide the best re-entry opportunity.
⚠ A daily close below $0.27 would weaken the bullish structure and may trigger a deeper correction into a lower range.
📈 Summary: Valid breakout + strong volume + whale accumulation → Bullish trend remains intact as long as $0.30 holds.
🚀 Bullish continuation in play — eyes on $0.50 next.
Technical Update (1D)
TAKE has successfully broken out from the rising channel with strong volume, indicating continued bullish pressure. The overall market structure remains positive as long as the price stays above the $0.30 support zone. RSI is currently around 65+, showing strong momentum while approaching the overbought area. Smart money remains active on the buy side as seen from rising open interest and long dominance from top traders.
🎯 Upside targets are set at $0.40–$0.42 in the short term. A successful breakout above this zone could open the door for further continuation toward $0.50 and even $0.60. A healthy pullback into the $0.30–$0.31 region may provide the best re-entry opportunity.
⚠ A daily close below $0.27 would weaken the bullish structure and may trigger a deeper correction into a lower range.
📈 Summary: Valid breakout + strong volume + whale accumulation → Bullish trend remains intact as long as $0.30 holds.
🚀 Bullish continuation in play — eyes on $0.50 next.
$WOO Based on the 4-hour WOO we are seeing strong signs of a bullish reversal after a period of consolidation.
🎯 Key Price Action & Patterns
Double Bottom Reversal: WOO formed a clear Double Bottom pattern near the $0.0240 area. This is a classic bullish reversal signal, indicating that selling pressure has exhausted itself.
Volume Confirmation: The recent price surge from the second bottom is supported by a significant increase in trading volume, confirming the strength and validity of the upward move.
🔑 Indicators and Resistance Breakdown
Current Price: WOO is trading strongly at $0.02793.
RSI Check: The Relative Strength Index (RSI) is strong at 65.36. This indicates healthy bullish momentum without being overbought (above 70), suggesting there is still room for further upside movement.
New Support: The newly established immediate support level is around $0.02696.
Pay close attention to the $0.03010 level (Blue MA). If it breaks and holds, the next major resistance levels could be challenged! 🚀
#altsesaon
🎯 Key Price Action & Patterns
Double Bottom Reversal: WOO formed a clear Double Bottom pattern near the $0.0240 area. This is a classic bullish reversal signal, indicating that selling pressure has exhausted itself.
Volume Confirmation: The recent price surge from the second bottom is supported by a significant increase in trading volume, confirming the strength and validity of the upward move.
🔑 Indicators and Resistance Breakdown
Current Price: WOO is trading strongly at $0.02793.
RSI Check: The Relative Strength Index (RSI) is strong at 65.36. This indicates healthy bullish momentum without being overbought (above 70), suggesting there is still room for further upside movement.
New Support: The newly established immediate support level is around $0.02696.
Pay close attention to the $0.03010 level (Blue MA). If it breaks and holds, the next major resistance levels could be challenged! 🚀
#altsesaon
$LUNC is facing a decision point: will the bullish Falling Wedge pattern lead to a rebound, or will the massive loss of Open Interest signal a deeper correction?
Bullish Scenario (LONG): A successful breakout and close above the Falling Wedge and the short-term EMAs (around $0.057) is needed for confirmation. If this occurs, the target remains the prior high, potentially above $0.070.
Bearish Scenario (SHORT): A sustained break and close below the key support level of $0.05473 would invalidate the bullish pattern and likely confirm the continuation of the correction, driven by the collapsing Volume and OI.
Given the sharp drop in Open Interest, chasing the price now is highly risky. Wait for a clear breakout from the wedge (for Longs) or a confirmed breakdown of the $0.05473 support (for Shorts) to confirm the next directional move. ⚠️
Bullish Scenario (LONG): A successful breakout and close above the Falling Wedge and the short-term EMAs (around $0.057) is needed for confirmation. If this occurs, the target remains the prior high, potentially above $0.070.
Bearish Scenario (SHORT): A sustained break and close below the key support level of $0.05473 would invalidate the bullish pattern and likely confirm the continuation of the correction, driven by the collapsing Volume and OI.
Given the sharp drop in Open Interest, chasing the price now is highly risky. Wait for a clear breakout from the wedge (for Longs) or a confirmed breakdown of the $0.05473 support (for Shorts) to confirm the next directional move. ⚠️
$BEAT Technical Analysis (4H) 🚀
BEAT just surged into a strong breakout, hitting a new local high at 1.98 with powerful volume support 📈.
Price is trading well above all EMAs, signaling a solid bullish trend continuation 🔥.
But RSI is already above 80, showing the market is getting overbought ⚠️. Expect possible pullback or consolidation. Key support sits at 1.75 and 1.47, while a clear break above 1.98 could trigger another bullish leg upwards ✨.
#CryptoRally
BEAT just surged into a strong breakout, hitting a new local high at 1.98 with powerful volume support 📈.
Price is trading well above all EMAs, signaling a solid bullish trend continuation 🔥.
But RSI is already above 80, showing the market is getting overbought ⚠️. Expect possible pullback or consolidation. Key support sits at 1.75 and 1.47, while a clear break above 1.98 could trigger another bullish leg upwards ✨.
#CryptoRally
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