Turbo has broken out above key resistance at 0.005 (0.5 cents) with bullish momentum. However, multiple bearish divergences are visible in volume, RSI, and open interest — caution is advised.
Key Levels:
Support: 0.0048 – 0.0050
Resistance: 0.0070 – 0.0075
Trade Plan:
Entry:
Watch for a successful retest of the 0.0048–0.0050 zone.
Enter on strong bullish reaction with an increase in volume.
Targets:
First Target (TP1): 0.0070
Second Target (TP2): 0.0075
Stop-Loss:
Set a tight stop-loss below 0.0047 (below the breakout zone and time imbalance).
Summary:
Turbo remains bullish technically and structurally, supported by market conditions (Bitcoin strength).
However, bearish divergences suggest not to enter blindly — confirmation from volume and price action at the retest is critical.
Manage risk properly; this could also turn into a bull trap if the retest fails.
Recommendation:
Wait for confirmation at the 0.0048–0.0050 retest.
Do not overexpose your capital; trade safe. $TURBO
The ADA (Cardano) market remains in a sideways consolidation phase, forming a wave 4 triangle pattern according to Elliott Wave analysis. This triangle has been developing since November and is still valid as long as support at 51 cents holds.
Key Points:
Current structure: Wave 4 Triangle (ABCDE structure)
Local movement: Tracking a D-Wave to the upside, unfolding as an ABC move.
Price is respecting micro support between 68 and 71 cents.
A 5-wave structure within the C-leg is visible, though the move has not yet reached the 100% Fibonacci extension (~78 cents).
Support Levels:
Immediate Micro Support: 68 cents
Critical Support: 67 cents (Previous swing low from April 24)
Major Support (Invalidation Level): 51 cents
Resistance Targets:
Short-Term Target: 74–76 cents
Ideal Target: 78 cents (100% extension for the C-Wave)
If ADA reaches 78 cents, it would complete a textbook D-wave in the triangle.
Trading Plan:
Entry (Buy Zone):
Entry 1: 68.5–70 cents (current micro support zone)
Entry 2: 67–67.5 cents (stronger support if 68 fails)
Targets:
First Target: 74 cents (Partial profit)
Second Target: 76 cents
Final Target: 78 cents
Stop-Loss:
Hard Stop: 66.5 cents (below key swing low)
Alternate Stop for Conservative Traders: 67 cents (tight stop just below micro support)
Alternative Scenario:
If ADA breaks below 67 cents convincingly, expect a deeper pullback forming the E-Wave, targeting the 53–62 cents zone based on Fibonacci retracements. At that point, re-evaluate for new buying opportunities.
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Summary:
ADA is still following the expected triangle consolidation pattern. As long as 67 cents holds, we can look for a potential continuation higher toward 78 cents. Watch the 68–67 cent area carefully for bullish reversal signs. $ADA
Current Situation: XRP is currently in a corrective pullback phase. The larger bullish structure remains intact as long as XRP holds above $1.21. The move is corrective, meaning price is moving up and down within a range, typical for XRP behavior.
Key Support Levels:
$2.11 – $2.12 (Important swing low support)
$1.82 – $2.02 (Strong support zone)
$1.22 (Major long-term support)
Key Resistance Levels:
$2.26 (Immediate resistance)
$2.30 (Wednesday’s high)
$2.46 – $2.55 (Next bullish target if resistance breaks)
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Trading Strategy:
1. Range Trading Strategy:
As XRP is currently ranging, focus on support and resistance boundaries.
Overview: Currently, Solana (SOL) is potentially ending its Wave 3 move based on Elliott Wave Theory. A Wave 4 correction seems underway or close to completion. If bullish structure holds, we could expect one more push to complete a five-wave impulse, setting the foundation for a larger uptrend.
Key Levels:
Critical Support Zone: $106.00 – $129.80
Immediate Resistance: $151.12 to $155.50 (Fibonacci retracement zone)
Major Resistance (next target): $163.50
Current Scenario:
As long as SOL remains above $106, the bullish trend remains intact.
A micro rally from the current pullback zone ($145 region) could extend Wave 3 further.
If SOL reclaims the $151-$155.50 zone, it could head toward $163.50.
Failure to reclaim that zone might trigger a C-wave move lower within Wave 4.
If price cleanly breaks below $145 and fails to recover, stay cautious as deeper correction toward $130–$106 might happen.
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Summary
Solana is positioning itself for a potential continuation of the bullish trend after completing a local pullback. Watching the structure closely: if the next rally is strong and impulsive, continuation to $163 and beyond is expected. However, if it is weak and corrective, expect another short-term drop before the next big move. $SOL #solana #CryptoMarket #MarketAnalysis #CryptoNews #MarketUpdate
Overview: After months of weak price action, BONK has shown a significant bullish turnaround, breaking key resistance levels and gaining strong social and fundamental support through initiatives like "Let's Bonk."
Technical Structure:
Breakout above 1,500 and POC at 1,800 confirmed bullish momentum.
BONK is currently approaching a high liquidity zone between 2,100 and 2,300.
Main support lies between 1,400 and 1,550.
Strong resistance at 2,300; breaking it requires high volume and strong fundamentals.
Trade Setup:
Primary Entry (Safer Play):
Wait for a pullback into the 1,400 – 1,550 zone.
Look for bullish confirmation signals before entering.
Riskier Entry (Aggressive Play):
Small position upon push toward 2,100–2,200 aiming for liquidity sweep.
High risk: watch for rejection near 2,300.
Profit Targets:
TP1: 2,100
TP2: 2,250
TP3: 2,300 (strong resistance area)
Stop Loss:
Below 1,350 to protect against deeper market pullback.
Important Notes:
Without a major breakout above 2,300, BONK will likely pull back first to rebuild momentum.
If Bitcoin opens weakly in the coming week, BONK’s rally might be limited or delayed.
Current Trend: GALA is following the yellow scenario, showing a corrective rally within a larger bearish structure, but still moving upward toward resistance levels.
Key Levels to Watch:
Resistance: 1.90¢ — 1.95¢ (previous March high)
Next Target Area: 2.30¢ — 4.60¢ if bullish momentum continues
Support Zone (Entry Zone):
Entry Range: 1.29¢ — 1.55¢
(This zone will adjust higher if price continues moving up)
Scenario Overview:
GALA is currently forming an ABC structure upward.
If the current rally becomes a 5-wave move, it would confirm stronger bullish potential.
A move above 1.90¢ could push GALA toward 2.30¢ quickly.
After a local top is formed, expect a B-wave pullback into support.
Trade Setup:
Entry: Between 1.29¢ – 1.55¢ on a pullback, or on confirmation above 1.90¢ (breakout)
Take-Profit (TP) Targets:
TP1: 1.90¢
TP2: 2.30¢
TP3: 4.60¢ (if strong bullish continuation)
Stop Loss (SL):
Below 1.20¢ to protect against a failed setup
Important Note:
GALA forming an Inverse Head and Shoulders pattern is possible, which would be a bullish signal if confirmed.
The DOGE chart is currently undergoing a pullback, but critical support levels are still intact. We are tracking a potential 5-wave move up from the April 7th low (around $0.13) to confirm a trend reversal.
Key Points:
Three waves up are currently visible — one more high is needed to better confirm a five-wave structure.
DOGE reached the $0.191 level recently, aligning with prior Fib targets.
A wave 4 pullback now seems underway.
Support Zones for Wave 4:
Ideal Support: Between $0.155 – $0.168 (preferable for a healthy wave 4).
Weaker Support: $0.177 (possible minor bounce, but less ideal).
Entry Strategy:
Buy Zone: Accumulate in the $0.155 – $0.168 range if bullish reaction is confirmed.
Alternative Entry: On a confirmed reclaim of $0.177 after a fakeout below.
Profit Targets:
First Target (Fifth Wave Completion): Around $0.206 (161.8% Fibonacci extension).
Mid-Term Target: $0.30
Higher Targets: $0.40 – $0.50+ (upon full 5-wave confirmation and breakout continuation).
Stop Loss:
Below $0.155 → if price breaks and closes below this level, the wave 4 structure risks invalidation.
Summary:
DOGE still needs to complete the 5-wave structure.
A healthy wave 4 pullback is ideal now; afterward, a fifth wave toward $0.206 is expected.
Major Milestone Target: $47.00 (macro 100% Fibonacci extension from the previous rally).
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Trading Plan:
Entry Points:
Low Risk Entry:
If LINK pulls back toward $13.50–$13.00 zone after breaking below $14.05.
Breakout Entry:
Aggressive entry on a strong breakout above $17.30 with volume confirmation.
Profit Targets:
TP1: $17.30 (micro structure extension).
TP2: $22.00 (initial broader rally target).
TP3: $47.00 (macro milestone in a full bullish cycle).
Stop Loss:
Below $13.00 — invalidates bullish structure if price falls below this key support.
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Summary: Chainlink (LINK) is building a bullish reversal but confirmation requires a completed five-wave move up. A pullback into the $13–$13.50 zone would offer an ideal risk-reward setup for positioning into a larger Wave 3 rally toward $47+. $LINK #LINK🔥🔥🔥 #MarketAnalysis #MarketTrends #TradingSignals
Litecoin (LTC) is showing bullish potential, presenting an attractive long opportunity in the $86–$87 range.
Entry Zone: 86–87 USDT Stoploss: 82.38 USDT (risk management crucial) Leverage: 10x–40x (adjust based on risk appetite)
Key Take Profit (TP) Levels:
TP1: 87.42 USDT
TP2: 89.21 USDT
TP3: 95.72 USDT
TP4: 132.29 USDT
Analysis: After stabilizing near major support, LTC shows signs of strength. If buying volume increases around the 86–87 zone, a rally toward the upper targets could follow. Keep an eye on price action near 89.21 — breaking and retesting this zone would further confirm bullish momentum. $LTC #LTC #MarketAnalysis #CryptoNews #MarketUpdate