Solana- Steep falling wedge, but bulls need confirmationSince the high of the year above 30, SolUsdt started to drop and lost 30% of its value.
Now the coin is sitting on 20usd support and, considering yesterday's bullish engulfing and the steep falling wedge, it could reverse.
However, a clear confirmation comes only with the price above 22, in which instance, a rise to the 30 zone high becomes very probable.
Cryptoanalysis
PERL is Getting Ready For a Potential Upward Move💎Yello Paradisers, fasten your seatbelts! PERL/USDT is on the cusp of a bullish surge, potentially breaking free from its descending trendline to ignite an upward rally.
💎Lately, the asset has been hovering around a pivotal support zone. Coupled with a rise in trading volume, we're bullish about an imminent upward shift.
💎After initially establishing equal highs, the price experienced a significant downturn, indicating a change in market dynamics and extending its bearish path.
💎Nevertheless, signs of bullish momentum are re-emerging, and we anticipate the price will target the overhead supply zone shortly.
💎Heads up: If the PERL dips below the support level in the face of market volatility, be prepared for a possible bearish turn.
💎Stay in the loop for more exciting updates and Analysis! 🌟
SHIB: Support BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Ascending Triangle, price reached $0.0000115 and looked like it entered a new Uptrend. However, price pulled back and broke below $0.000008 support, which is where the prior bullish breakout occurred. This opens up downside risk back to $0.0000055.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.0000080, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
LEVER/USDT Ready For Bullish Movement? LeverFi Analysis💎Yello Paradisers, need your attention! LEVER/USDT is currently maneuvering within a trading zone, laying the groundwork for a likely bullish surge.
💎A handful of days ago, it skillfully engaged with a bearish Order Block (OB), setting off on a downward path to tackle the bullish OB and secure buying liquidity.
💎If the price maintains its existing drive, it's set to aim for the supply zone above. However, let's not lose sight of the constant market fluctuations that could sway the price.
💎We're optimistic about the chances of the price revisiting the supply zone, given the residual liquidity.
💎Keep your charts updated and stay tuned for more insights! 🌴
REEF/USDT Potential Bullish Move? REEF Analysis Today 💎Paradisers, heads up! REEFUSDT is on the move, having recently emerged from a triangle channel and now cruising within a demand zone. We're optimistic about a potential bullish climb.
💎In recent days, REEF has been confined to a particular bracket. Earlier, it encountered a ceiling at the bearish order block near the $0.001404 mark. With its current upward drive, it seems poised to test that barrier again.
💎Be watchful of the supply zone and the bearish order block identified on extended time frames; these are likely targets in the near term.
💎If, however, the REEF dips beneath the demand zone and crucial support, brace for a possible descent.
💎Stay sharp and stay tuned for further insights! 🌴
MKR: Pullback in UptrendMaker (MKR) technical analysis:
Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High (sign of Uptrend). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350. Maker is a well established DeFi platform with real users and revenues, which forms a solid foundation for investors looking to trade it.
Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800, and $600 – $700. The nearest Resistance Zone is $1,350.
BCH/USDT is Ready For Bullish Rally | Bitcoin Cash Analysis💎Yello Paradisers! Get ready for an exhilarating journey with BCHUSDT. Right now, it's comfortably positioned in a demand zone, hinting at a potential bullish surge.
💎Currently, BCH is holding onto a crucial support level, moving within a specified boundary. A bearish order block has posed some challenges within this territory.
💎The momentum seems to be building, and there's a strong chance the price will break through the order block, aiming for the above supply zone.
💎However, if the bears take control and the price drops beneath the support, it might pave the way for a prime shorting scenario.
💎Stay tuned for more strategic trading insights from us! 🌴
RUNE/USDT is Ready For a Potential Correction | RUNE Analysis💎Paradisers, turn your attention to RUNE/USDT. Currently, it's meandering within a falling channel, and we're on high alert for a possible downward breakout in the near future.
💎If this breakout unfolds as we expect, prepare for a swift corrective movement.
💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the THORChain (RUNE), considering the liquidity present there.
💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB).
💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates! 🌴
SHIB: Approaching SupportShiba Inu (SHIB) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
XMR: Support BreakoutMonero (XMR) technical analysis:
Trade setup : After getting rejected at $170 two- or three times (Double or Triple Top pattern), price broke below $150 support and could revisit $132 support next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $132. The nearest Resistance Zone is $150 (previous support), then $170, and $187.
AXS/USDT Bullish Move Ahead? | AXS Analysis Today💎 Yello Paradisers! Strap in for a thrilling ride with AXSUSDT. It's currently nestled in a demand zone and is primed for a bullish ascent.
💎 At this moment, the asset is maintaining a pivotal support level and oscillating within a defined range. It has encountered some headwinds in the form of a bearish order block within this zone.
💎 The momentum is gathering steam, and there's a high likelihood that the price will shatter the order block to reach new heights.
💎On the flip side, if sellers gain the upper hand and the price dips below the support, it could open up an excellent shorting opportunity.
💎 Stay engaged for more savvy trading insights!
AAVE: Channel Down BreakoutAAVE (AAVE) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern. Price could revisit $65 resistance. Overall trend is down, therefore, this a trend reversal trade setup, which is a higher risk trade than continuation patterns.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $65 (previous support), then $80.
AAVE/USDT is Likely Ready for Another Correction | AAVE Analysis💎Paradisers, let's focus on AAVE/USDT for a moment. It's currently navigating within a descending channel, and gearing up for a potential downward breakout soon.
💎If the breakout materializes as anticipated, it's likely to set off a rapid corrective phase.
💎 The dual confirmed order blocks on the shorter timeframe are worth noting. These are likely targets for the price, given the existing liquidity in those areas.
💎In past action, we observed a shift from demand to supply, leading to a notable decline in price and aiming for the prior Order Block (OB).
💎As always in the fast-paced crypto world, staying alert and adaptable is crucial. Keep your charts updated and stay tuned for more insights! 🌴
AGIX Ready For Bullish Rally? | AGIX Analysis Today💎Paradisers, brace yourselves for an exciting venture! AGIX/USDT is currently positioned in a demand zone and is on the brink of breaking free from its descending channel.
💎Not too long ago, we noticed multiple rejections from a supply zone that housed a bearish Order Block (OB).
💎Another key observation is the nearing end of the descending channel, hinting at a potential upward breach.
💎At present, the price is in a tight consolidation phase, and we're optimistic about an imminent breakout from the descending channel, which could propel AGIX upward.
💎However, keep an eye on the critical invalidation zone at the $0.170 level; breaching this could trigger a downward shift.
💎Stay tuned and trade smart, Paradisers! 🌴
SEI/USDT Break out the Descending channel, Bullish Momentum ??Yello Paradisers, Keep an Eye on SEI: A Trend Reversal in Play
💎 SEI has not only broken out of its descending channel pattern but has done so with significant volume.
💎 Additionally, SEI has surpassed the 'Choch' area, often considered a trend reversal indicator, signaling a shift from a bearish to a bullish trend. After hitting a bearish Order Block (OB) zone, SEI experienced a pullback, which is likely a retest or the formation of a new higher low in the hourly OB, before resuming its upward trajectory.
💎This bullish narrative would be negated if SEI breaches the bullish invalidation point and closes below it.
FET/USDT Potential Break the Falling wedge pattern ??💎 Hello Paradisers, take note of this token!
💎FET has impressively regained its previously breached demand zone. Currently, it's undergoing a retest of this demand.
💎aiming to ascend towards the resistance trendline of its falling wedge pattern, where a supply zone also lies. For a continued bullish trajectory, breaking this resistance is crucial.
💎The daily trading volume suggests a strong potential for this breakout, especially given the significant volume observed during its liquidity sweep, followed by a price surge.
💎As an AI token, and with AI gaining immense traction in 2023, FET presents a promising hold for both mid and long-term investors.
ETH: Approaching ResistanceEthereum (ETH) technical analysis:
Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Then, price got very oversold (RSI ~ 22) near support of $1,625 and bounced up. Momentum turned bullish again (MACD crossover) and price could revisit $1,800 resistance area. If it breaks above 200-day MA ($1800), that could signal uptrend resumption.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1,625, then $1,500. The nearest Resistance Zone is $1,800 (previous support), then $2,000 and $2,140.
APE/USDT is All Set For Bullish Drive | ApeCoin Analysis💎Paradisers, get ready for some action! APE/USDT has just burst through a descending triangle in the 4H timeframe, priming itself for a likely bullish eruption.
💎Just a few days ago, APE skillfully engaged with a bearish Order Block (OB), set matching highs, and embarked on a downward path to tackle the bullish OB and capture buying liquidity.
💎If ApeCoin continues its upward trajectory through the triangle's apex, it's set to target the impending supply zone.
💎Yet, let's remain cautious of the unpredictable market conditions that could alter the game at any moment. We're optimistic about the chances of the price making a return trip to the supply zone, courtesy of lingering liquidity.
💎Keep your charts fresh and stay tuned for more crypto updates! Happy trading, Paradisers! 🌴
ATA/USDT is Ready For its Bullish Rally | ATA Analysis Today💎Yello Paradisers, take notes! ATA/USDT has recently shattered a descending channel on a 1D timeframe, fueling our optimism for a likely bullish leap ahead.
💎For the past few days, ATA was moving in a descending channel. It adeptly navigated through a bearish Order Block (OB), set equal lows, and initiated a downward trajectory to tackle the bullish OB and secure buying liquidity.
💎If the price maintain its current drive, it's poised to aim for the looming supply zone above. However, let's remain vigilant of the ever-fluctuating market conditions that could sway the price.
💎We're optimistic that the price is on track to revisit the supply zone, given the residual liquidity. Keep your charts refreshed and stay tuned for more insights! 🌴
SOL: Pullback in UptrendSolana (SOL) technical analysis:
Trade setup : Price broke back above $20 resistance and 200-day moving average. Then, price spiked up 50% into a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Pullbacks near $20-$22 support zone (also 200-day Moving Average) could be attractive swing entries in Uptrend.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance Nearest Support Zone is $20 (previous resistance), then $12. The nearest Resistance Zone is $25 – $30, then $38.
CYBER is Primed For an Explosive Bullish Rally💎Paradisers, keep your eyes peeled! CYBER/USDT is currently navigating through a prime demand zone, setting the stage for a potential bullish upswing.
💎Just a few days back, it expertly interacted with a bearish Order Block (OB), established equal lows, and embarked on a descent to address the bullish OB and capture buying liquidity.
💎Should the price sustain its current momentum, it's likely to target the overhead supply zone. Yet, let's not overlook the ever-present market volatility that could influence the price direction.
💎We're bullish on the prospect of the price retesting the supply zone, thanks to the lingering liquidity. Stay tuned for more updates and keep trading smart! 🌴
SUI/USDT Correction Over or Not? SUI Analysis Today 💎Paradisers, let's focus on SUI/USDT! Currently, it's navigating within a defined range, and we're forecasting an upward surge in the near future.
💎If the anticipated breakout unfolds successfully, expect it to ignite a rapid upward rally. However, keep a close eye on the demand zone, as there's a bullish Order Block (OB) situated just beneath it. If the price dips below the demand zone, it's likely to target the liquidity found at that bullish OB.
💎It's crucial to note that we've identified two confirmed order blocks in shorter timeframes. Given the existing liquidity, the price is poised to hit these levels.
💎In a previous cycle, demand morphed into supply, triggering a notable price decline and aiming for the earlier OB.
💎In the ever-evolving world of crypto, staying up-to-date and flexible is your key to success. Keep your charts updated and stay tuned for more insights. Happy trading!
GMT/USDT is Ready For a Potential Correction | GMT AnalysisYello Paradisers, let's zoom in on GMT!
💎At the moment, it's oscillating within a specific range, and we're eyeing a potential downward breakout on the horizon.
💎If this breakout materializes as anticipated, it's likely to catalyze a swift corrective move.
💎Worth noting are the dual confirmed order blocks in the shorter timeframe. Due to existing liquidity, the price is projected to gravitate towards these levels.
💎In a previous cycle, what was once a demand zone flipped into a supply area, leading to a marked price decline and zeroing in on the prior Order Block (OB).
💎As always in the ever-fluid crypto landscape, staying alert and adaptable is your golden ticket. Keep your charts fresh and stay tuned for more updates. Happy trading!