LINK is bouncing off the channel's lower support near $25, showing consolidation before a potential breakout.
If the price holds above the green support zone at $3.8597 - $4.0657, it indicates strength and opens the possibility of a rally to $6. However, falling below this support zone green would signal a breakdown, invalidating the current structure. This level acts as a crucial support for market direction.
Altseason is upon us, and now is the time to start dollar-cost averaging into your favorite crypto gems. One of our picks for this altseason is UFO Gaming - best characterized as a GameFi project. ? Why? Our altcoin picks are based on the following criteria: High growth potential : Projects with room for exponential gains. Undervalued : Market cap still flying under the radar. Limited CEX listings (for now) : Undiscovered gems poised for exposure. Community-driven momentum : A strong, dedicated community pushing adoption. High risk, high reward : A speculative but calculated play. Partnerships and roadmap promises : Indicators of future expansion and relevance. Potential for major exchange listings : A game-changer that could drive price action. Circulating Supply Ratio : A circulating supply close to 100%, indicating robust tokenomics and minimizing dilution risk. ? Prerequisites for Thrill and Euphoria For low-cap altcoins to thrive, specific market conditions need to align. Here's what we're assuming: Bitcoin follows the 4-year cycle: Maintaining historical trends of market phases. We remain in a crypto bull market: A rising tide lifts all boats. Altseason begins: A period of intense growth and volatility for altcoins. Retail money floods in: Increasing mainstream interest and participation. Global markets are "healthy-ish": No major economic black swans. Monetary policy shifts to QE (quantitative easing): A return to liquidity-friendly environments. ? What is your top picks for this altseason? This is not financial advice. Always do your own research before investing.
Price has been on a consolidation around 1.66196 despite the bullish nature of price. if I get a break above 1.67209 I’d be buying this asset to take my profit at 1.70447 the coming week is filled with a lot of economic news that can impact the market conditions . It’s important to take note of it and position proper for the opportunity.
Same lines! The yellow horizontal lines in this chart are the same horizontals from my last post. This level is major, ands look at the spring loading. Beautiful pennant that I’m praying breaks to the upside. ? What do you think? Up or down from here? It iiiiis previous resistance, but what becomes support?
Gold making ATH before retracing last week. Here are the levels I'll be watching in the coming week. I'll look at taking a buy if gold gets to 2776 expecting it to meet resistance on the way to 2800. 2778 and 2784 will be strong levels to break on the way up. On the sell side ill look at entering at 2766, expecting 2750 as first major support. Trades entries based on higher time frame and support and resistance backed up with Fibonacci levels. Check out my other gold swing trade idea i just posted for the more experienced traders. Ill update this as the week goes on.
Spice recently tested its previous high, but the volume appears too weak to sustain the level. A pullback to at least 585 seems likely in the last week of January 2025. If 585 fails to hold, the next support level is around 575.
Two short positions I took in the last trading week. FX:NZDJPY | -1% Loss FX:USDJPY | +3.4% Win Top down analysis explained in the video and also my reasons for the weighted timeframe entry in combination with the management decision.
Im not really sure what to say. BTC for the last 3 cycles shows the exact same time frames between top to top and blowoff top based on the weekly charts.
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