Canary Capital CanaryFunds has filed for a Hedera spot exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC) — marking a first for that type of crypto fund. $HBAR #HBARETF #ETF_HBAR #AltCoinRush
Technical Analysis Report Using Gann’s Grid for Ethereum
Introduction This is a precise analysis based on Gann’s methodology, using time and price calculations to derive future targets from Ethereum’s price movements.
Current Levels Analysis - Current Price: $3,241.22 - Key Support: $2,500 - Key Resistance: $3,800
Time and Price Calculations 1. Key Time Points: - A significant time peak was reached at $4,868, aligning with precise time repetitions. - The current position is heading toward an important time target at the intersection of price angles.
2. Critical Price Angles: - The 1/1 angle aligns with $3,800. - The 2/1 angle suggests potential support near $2,500.
3. Support and Resistance: - The 4/1 angle indicates a secondary resistance at $3,500. - Upon breaking the 1/1 angle, the next target lies at the 1/2 angle around $4,868.
Future Price Targets 1. First Target: $3,800 – upon breaking the initial resistance. 2. Second Target: $4,868 – retesting the previous peak. 3. Third Target: $7,500 – expected at the next major time angle intersection.
Conclusion - Strong support at $2,500 and immediate resistance at $3,800. - If resistance is broken, the future price targets extend up to $7,500, based on Gann’s precise angle and time calculations. $ETH #ETHETFsApproved #ethbeta
Technical Analysis Report Using W.D. Gann's Method - $DOGE
Introduction: Based on the attached chart and W.D. Gann's analysis, Dogecoin is currently in the 0.618 time zone, which signifies a critical stage for its future movement. From its previous price action, the peaks and troughs align accurately with Gann’s time and price angles.
Analysis of Time and Price Zones: 1. 0.382 Time Period: - Dogecoin achieved a price peak at the 0.382 angle, indicating a clear correlation between time and price at this phase.
2. 0.618 Time Period: - Currently, Dogecoin is facing strong resistance, as shown by the following angles: - 4/1 angle, relative to the lowest trough in the 0.382 time zone. - 2/1 angle, relative to the peak price in the 0.618 time zone. - 1/2 angle, relative to the peak price at 1 during the same time zone.
Resistance Levels: - First Resistance: 4/1 angle, which is currently blocking further price advances. - Second Resistance: 2/1 angle, a higher resistance level requiring a clear breakout. - Third Resistance: 1/2 angle, considered a pivotal point for breaking the previous price peak.
Potential Targets: - Breaking the previous peak at 0.73995 would confirm the bullish trend. - Next target: 1.93624, a price level that aligns with Gann's time and price projections.
Conclusion: #doge⚡ is undergoing a real test at these critical levels, as the chart demonstrates multiple strong resistances. However, if the price successfully breaks through these angles, the path towards retesting the previous peak and ultimately reaching 1.93624 becomes viable.
Additional Notes: - Close monitoring of the price action at the current levels is essential, as a clear breakout of the mentioned resistances would confirm a positive outlook. - Maintaining momentum during the 0.618 time zone is key to achieving the stated targets.
This report was meticulously prepared using Gann’s method, focusing on time and price aspects to project Dogecoin’s future movement accurately.
The current movement of ZK shows its stability near the support of the 8/1 angle, which serves as a critical accumulation point in Gann's analytical framework. The current price of 0.1489 reflects its proximity to the bottom, positioning the asset ideally for a potential bullish breakout once the necessary momentum builds.
Support and Resistance Levels Based on Gann Angles: - 8/1 Angle: A strong support level, marking the current accumulation zone. - 4/1 and 3/1 Angles: Potential resistance levels that will test the strength of buyers in the upcoming stages. - 1/1 Angle: The key target, signaling a major shift in trend and the start of a strong bullish move.
Short-Term Targets: Based on the technical analysis, the following levels are crucial milestones in the upward trajectory: - 0.1647 - 0.1776 - 0.2067 - 0.2193
Reaching these targets will depend on sustained momentum and gradually breaking through the mentioned angles.
The Golden Target: If ZK continues to break through these resistance levels and surpasses the 1/1 angle, the golden target is 0.4279 USD. This level represents a significant profit potential for investors entering at current price levels.
Conclusion: With strong support at the 8/1 angle and clear short-term targets, #zk appears poised for a robust upward movement. It is recommended to monitor momentum and trading volume closely, as breaking through the identified targets will serve as a strong indicator for the bullish trend toward the golden target.
1. Time and Price Context: - Listing Date: November 6, 2024 - Starting Price: $0.2490 - All-Time High: $0.7729 - Current Price: $0.4164 - Support Level: $0.4095 (38.2% level) - Target Resistance: $0.9270 (161.8% level)
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2. Price Movement and Support Analysis: After reaching its peak of $0.7729, the price retraced and found strong support around $0.4095. This area marks a significant level, and holding above it suggests the potential for another upward push.
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3. Divergence Analysis: - CCI (12, hlc3): A bullish divergence is observed, where the indicator shows higher lows while the price forms lower lows. This indicates weakening bearish momentum and a likely shift towards bullish activity.
Key Observations: - The divergence strengthens the case for a reversal and upward momentum. - The recent price action near $0.4095 suggests accumulation, and breaking higher would confirm bullish continuation.
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#### 4. Targets and Projections: - Immediate Target: $0.55 - $0.60, a minor resistance zone - Main Target: $0.9270, aligning with long-term bullish objectives
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Conclusion: The bullish divergence and the ability to hold above $0.4095 highlight a strong potential for the price to rally towards $0.9270. The momentum is building, and the indicators support the continuation of this upward move, provided the key support levels are maintained.
$SOL Price Analysis and Future Projections Based on Gann's Method
Based on Gann's principles and key price levels, we've calculated several potential price targets and dates that may guide Solana’s future movements. These targets have been derived using the Square of Nine and Time Cycles.
Key Dates & Price Levels: - Dec 23, 2020 (Low): $1.03 - Nov 6, 2021 (High): $259.9 - Dec 29, 2022 (Low): $8.00 - Mar 18, 2024 (High): $210.18 - Current Price: $221–218
Gann’s Time Cycles: - 144-day cycle from Dec 29, 2022, points to April 21, 2023, as a potential turning point in price movement. - The 360-day cycle from Dec 23, 2020, suggests Dec 18, 2024, may bring significant shifts in price direction.
Square of Nine Price Projections: 1. Scenario 1: $518.77 — This target is based on the price range from $1.03 to $259.9. 2. Scenario 2: $775.00 — A more aggressive target if the uptrend continues. 3. Scenario 3: $266.87 — This level is seen as a potential resistance point after the $8.00 low.
Key Future Dates to Watch: - Dec 18, 2024: An important date predicted by the 360-day cycle. - March 18, 2025: A potential turning point, marked by another cycle prediction.
Conclusion: Using Gann’s principles, three possible scenarios emerge:
- Scenario 1: Solana may aim for $518.77 as the first target after breaking higher. - Scenario 2: If the trend remains strong, $775.00 could be reached. - Scenario 3: If there’s a correction, $266.87 might act as resistance or a turning point.
Monitor key dates, especially Dec 18, 2024, to assess the next potential price movements and direction.
1. Time and Price Context: - Listing Date: September 13, 2024. - Initial Peak: $1, marking the start of a downtrend. - Bottom: $0.2855 on November 3, 2024. - New Peak: $0.4257 on November 10, 2024, following a sharp rebound. - Reason for Selecting January 29, 2025: This date marks the end of a significant Gann time cycle, making it a crucial point to evaluate the coin’s performance and predict potential price targets.
2. Analysis According to Gann:
Phase 1: The Downtrend - From $1 to $0.2855: Duration: 51 days (September 13, 2024, to November 3, 2024). This phase reflects a strong bearish trend, with the coin losing approximately 71.5% of its value.
Phase 2: The Short-Term Uptrend - From $0.2855 to $0.4257: Duration: 7 days (November 3, 2024, to November 10, 2024). This phase shows rapid recovery, with a daily increase of $0.02003.
Current Trend and Zonal Movement From November 4, 2024, the coin's price started moving above Gann angle 1/1, fluctuating between 3/1 and 4/1, indicating strong bullish momentum.
3. Future Price Projection Based on Gann:
- Fluctuation Between 3/1 and 4/1 Angles: Given the current behavior, the daily increase rate reflects this fluctuation: (Average Daily Increase = $0.0094255/day).
- Projected Price on January 29, 2025: $0.4257+ (79 days × $0.0094255) = $1.5472.
4. Note: The projected target of $1.5472 by January 29, 2025, is conditional on the price remaining above the 3/1 and 4/1 angles throughout the time period.
5. Conclusion: Based on my Gann analysis: - POL is demonstrating strong bullish momentum, consistently moving above key Gann angles (3/1 and 4/1). - By January 29, 2025, the expected price is approximately $1.5472, provided the price holds above these critical angles. This analysis aligns with Gann’s principles, ensuring a balance between time and price for achieving new highs. #AltCoinRush #BTCNear82k #Polygone
Profit-Taking Decision and Current Market Conditions :-
1. Following the Rule "Missing Profits is Better Than Watching Losses" Based on my trading strategy, I decided to exit the market and secure my profits. This rule protects me from potential losses, as I prefer missing out on additional gains rather than seeing my profits erode. In the current market environment, caution is essential.
2. Unreliable Signals from the CCI Indicator Upon reviewing the Commodity Channel Index (CCI), I observed signals indicating overbought conditions, reflecting weakening momentum. These signals suggest a potential correction or reversal, which prompted my decision to exit the market at an opportune time.
3. #BTCNear82k Steep Climb Above the 1/2 Angle Bitcoin's sharp rise above the 1/2 angle, as per Gann's principles, is a concerning sign. Such a steep ascent implies excessive momentum, raising the likelihood of an imminent sharp correction, creating an unstable and uneasy environment for investors.
4. My Recommendations to Investors - Profit-taking: I recommend taking profits at current levels to secure gains before a potential reversal. - Setting Stop-Loss Orders: For those who wish to stay in the market, I advise placing stop-loss orders below key support levels to lock in profits and protect capital.
Conclusion: The CCI signals and $BTC steep ascent indicate the need for caution. My decision to take profits was a strategic move to avoid upcoming risks. This period requires strict risk management and adherence to defensive strategies.
Overview of the Time Cycle: Based on the data, the time cycle for HMSTR extends from September 26 to December 9, 2024. During this period, the price was in a previous downtrend, followed by a rise and a rebound from the 37.5% level (3/8 angle). This rebound has identified December 9 as the end of the cycle, making it a pivotal time point.
Key Support Levels:
1. 25% Level at 0.004288: - If the price finds support at this level, the next upward target will be 75% (0.010865). - This scenario indicates a strong continuation of bullish momentum, especially if the price holds above this support.
2. 12.5% Level at 0.002644: - If the price retraces to this level and finds support, the target will be 87.5% (0.012510). - This scenario suggests a sharper rebound, as the deeper retracement could absorb selling pressure before resuming the uptrend.
Cycle End: According to the time cycle, December 9 is expected to be a critical turning point. If these support levels hold, a resumption of the uptrend is the most likely scenario.
Conclusion: The upward trajectory of HMSTR heavily depends on the support levels at 25% and 12.5%. The targets at 75% (0.010865) and 87.5% (0.012510) will be crucial if these support levels are respected. It is essential to monitor price movements in the coming period, especially as the cycle approaches its end.
$BTC Analysis Based on the Chart After November 14:
1. General Trend: The price at $81,200 reflects strong bullish momentum. However, if the price fails to hold above the 1/1 angle after November 14, it could signal the start of a correction phase.
2. Expected Correction Wave: If the 1/1 angle is broken: 🔻 - A gradual correction is expected, potentially reaching $72,000 by November 25, 2024. - The correction could intensify, with the price dropping to $58,946 by December 12, 2024.
3. Dynamic Support Levels: ⚠️ - $72,000: The first major support level likely to be tested during the initial correction phase. - $58,946: A key support level aligned with lower Gann lines, expected to be targeted during the sharper correction.
4. Summary with Key Dates: 🚨 - November 14, 2024: Crucial date to watch for maintaining levels above the 1/1 angle. - November 25, 2024: Potential start of a decline toward $72,000. - December 12, 2024: The correction could deepen, reaching $58,946. - Q1 2025: The correction may continue further unless a strong rebound occurs.
Full analysis of the $STRK chart using Gann theories and Fibonacci levels:
1. General trend:
The price is moving in an upward direction following a consolidation phase, supported by the breakout of the VWMA (99) indicator, which reflects strong bullish momentum.
2. Key levels based on Gann theories:
- Dynamic support: Levels 1/4 and 1/3 have acted as strong support zones, providing clear reactions and reinforcing the bullish trend.
- Future dynamic resistance: 2.7875 represents the first dynamic resistance level in the medium term. 3.65 marks a stronger resistance, indicating potential for continued upward momentum.
3. Fibonacci-based upward targets:
- 2.7875 (37.5%) This is the first upward resistance level, signaling the start of a strong recovery.
- 3.650 (50%) A pivotal resistance level indicating further upward reinforcement.
- 6.237 (75%) A significant level that suggests overall recovery and long-term bullish continuation.
.. etc
4. Summary:
The market shows a positive trend supported by rising momentum, with clear interactions at dynamic levels and targeted levels based on Gann and Fibonacci theories. The price aims for higher levels as long as support holds at critical areas.#AltCoinSeason #strkusdt #BTCBreaks80KATH