BEERUSDTTaking a stab at 1000BEER
Scraping to bottom of the range
Its a 4h chart and seems like a fairly new coin
Currently trading at the POC
Nothing really crash hot in Willy or RSI but the MACD is coming to a squeeze
The potential to bang out doubles here isn't crazy to say
Here's what I'm looking at as entry
Usdt
Bitcoin can rebound from resistance level and start to declineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago entered a wedge, where it at once rebounded from the resistance line and broke the 63700 resistance level, which coincided with the seller zone. After this, BTC fell to the support line of the wedge and then started to grow and when it reached the resistance line of the wedge in the seller zone, the price turned around and rebounded down to the support line. Then price continued to decline, thereby exiting from the wedge and later even fell lower than the 56500 level, which coincided with the buyer zone. But soon BTC turned around and started to grow inside the upward channel, where it some time later broke the 56500 level and continued to trades near this level. A few moments later BTC made a strong impulse up from this level to the resistance level, thereby exiting from the channel and even recently making a fake breakout of the 63700 level. To this day, the price trades near this level and I think that it can rebound from the resistance level and start to decline. So, I set my TP at 60000 points. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin will break trend line and continue to declineHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price rebounded from the resistance zone, which coincided with the resistance level, and made a strong impulse down to the support level, which coincided with the support zone. After this, the price rebounded and some time traded near the support level, after which turned around and dropped to the trend line, thereby breaking the 59000 level. Then price bounced from the trend line and rose to the support zone, but at once rebounded and fell back to the trend line. Next, BTC some time traded between this line and later broke the 59000 level one more time and made a retest. Then Bitcoin continued to grow and in a short time rose to the trend line, broke it, and rose until to the resistance level. But a not long time ago price turned around and started to decline from the 66000 resistance level. So, for this case, I expect that BTCUSDT will reach the trend line, break it, and make a retest. After this movement, BTC can continue to decline, therefore I set my goal at 61000 points. If you like my analytics you may support me with your like/comment ❤️
USDT DOMINANCE: DO NOT SKIP THIS UPDATE!The USDT Dominance indicates something important; if you are a trader, you must look at this.
In this 12-hour chart, the USDT.D has been in a downtrend since early July. It has yet to test the support level ranging between 4.58% to 4.64%.
If the dominance reaches down to the support level, we are likely to see BTC hitting $70k and a decent rally in altcoins.
Here's the scary part: if the USDT.D rebounds from anywhere close to the support level, be prepared for a heavy crash.
I am hoping for a further breakdown rather than a rebound, but time will tell. For now, let's aim for a continuous downtrend toward 4.58%.
I hope this helps. Not financial advice.
Trade safely.
Team Dexter.
#USDT #BTC #Crypto
Bitcoin Bear-Flag Signal: Prepare For Dump!After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July.
In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks.
This is a risky bet, since we're going to trade from the top resistance instead of waiting for the price to fall through the support. However, the R/R ratio is much better.
HelenP. I Bitcoin can grow higher than trend line, breaking itHi folks today I'm prepared for you Bitcoin analytics. Some days ago the price reached the trend line and then at once turned around and started to decline inside the downward channel. In the channel, the price soon dropped to the resistance level, which coincided with the resistance zone and broke it, after which some time traded below and then continued to fall inside the channel. After this movement, the price fell to the support line of the channel, but at once rebounded and rose to the trend line, which is the resistance line of the downward channel also, and rebounded from it. Bitcoin declined to the support line, breaking the 57000 support level, which coincided with the support zone, but soon turned around and made impulse up from this line. After this, the price exited from the downward channel broke the support level again, and now trades near this level. So, I expect that BTCUSDT will correct to the support level and then rebound up higher than the trend line, breaking it. After this, the price can continue to move up, therefore I set my goal at 62000 points. If you like my analytics you may support me with your like/comment ❤️
BITCOIN - Price can almost reach resistance level and start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price bounced from resistance level and later rose a little, after which started to decline in wedge.
In wedge, price at once broke $61500 level and fell until to support line of wedge, breaking $55800 level too.
But soon, price turned around and bounced up from support line, higher than $55800 level, breaking it again.
Then BTC made correction to support line, after which bounced and in a short time rose to resistance line of wedge.
Soon, price broke this line, thereby exiting from wedge pattern and continuing to move up to resistance level.
Now, I think that BTC can almost reach resistance level and then start to decline to $57000
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Volatility period starting around July 15thHello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
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(USDT 1M chart)
(USDC 1M chart)
The key is whether USDT and USDC can continue the gap uptrend.
I think the gap uptrend is a phenomenon where funds are flowing in.
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(BTCUSDT 1D chart)
The important volatility period is around the end of July, but I think the volatility period is likely to start around July 15th.
I think it is likely to turn into an uptrend if it rises above the 59053.55-61099.25 range and breaks out of the short-term downtrend channel.
If not, and it moves sideways in the 56K-61K range, it is likely to form a trend after around August 12th.
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If it falls below 56150.01, it is likely to touch the M-Signal indicator on the 1M chart.
If that happens, it is likely to turn into a downtrend in the long term, so caution is needed.
The 56K-61K range is an important range on the 1M chart, so you can start trading depending on whether it supports it or not.
Therefore, the key is whether it can rise along the medium- to long-term rising channel.
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If it rises above 61099.25,
1st: 64K
2nd: 65920.71-67614.25
The above 1st and 2nd areas are expected to act as resistance.
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Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Bitcoin can decline a little more and then start rise in channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago entered to upward channel, where it at once bounced from the support line and broke the 60500 level, which coincided with the seller zone and continued to move up in the channel. In the channel, the price rose to the resistance line and then made a correction to the support line, after which rebounded and in a short time rose to the resistance line of the channel back. Then BTC turned around and quickly declined to the resistance level, thereby exiting from the upward channel and soon broke the 60500 level also. After this movement, the price dropped lower than the buyer zone, which coincided with the 55300 level, but soon turned around and started to grow inside another upward channel. In this channel, the price soon broke the 55300 level again and then reached the resistance line of the channel, but a few moments ago, BTC turned around and started to fall. At the moment, prices continue to decline in the upward channel, so, in my opinion, Bitcoin can almost fall to the support line of the channel. After this, the price can turn around and start to rise to the resistance level, which coincides with the resistance line of the upward channel. For this case, my TP is 60500 level. Please share this idea with your friends and click Boost 🚀
PEOPLE/USDT: Neutral Market Analysis and Educational InsightsMarket Overview
PEOPLE/USDT is exhibiting notable price action that provides an excellent opportunity for educational analysis. This post aims to share insights into the current market behavior of PEOPLE/USDT without suggesting any specific trading actions.
Thank you .
EDUUSDT.1DAs I analyze the EDU/USDT chart, a few critical elements stand out in the current technical setup:
Support and Resistance Levels:
Support Levels (S1, S2, S3): The primary support level (S1) is currently at $0.5329. This level needs to hold to prevent further declines toward S2 and S3, which are significantly lower. The breach of S1 could trigger a sell-off, making these lower supports relevant.
Resistance Levels (R1, R2): The immediate resistance (R1) is not visible on this chart, but R2 is placed at $0.7913, indicating a potential upside target if the market sentiment turns bullish and EDU can break past its nearest resistance.
Technical Indicators:
Relative Strength Index (RSI): The RSI is at 52.38, suggesting a relatively balanced market condition with no immediate overbought or oversold signals. This level indicates that there is potential for movement in either direction without much resistance from RSI extremes.
Moving Average Convergence Divergence (MACD): The MACD is hovering just below the signal line but above zero, which suggests slight bearish momentum but not strong enough for significant concern. The proximity to the signal line also indicates potential for a reversal if bullish momentum picks up.
From this technical perspective, the strategy would be to closely monitor the $0.5329 support. If this level holds, it could serve as a springboard for price to test upper resistances, particularly aiming for a breakout above the nearest resistance level to target R2 at $0.7913. Given the current MACD and RSI readings, there's a cautious optimism that suggests a balanced approach, preparing for both potential advancement or retraction based on how strongly the price reacts at these key levels.
However, should S1 fail, the downside risk increases, and it would be wise to consider defensive measures such as tightening stop-loss orders to protect against a sharper decline. The neutrality shown by the RSI provides the flexibility to adapt quickly to changes, and thus, it's crucial to stay updated on any shifts in market dynamics that might influence EDU's price trajectory. This approach ensures readiness for either continuation of the current consolidation phase or a breakout/breakdown, depending on upcoming market developments.
JASMYUSDT.1DLooking at the JASMY/USDT chart, we can see a detailed technical analysis unfolding with various elements to consider:
Support and Resistance Levels:
Support Level (S1): At $0.01832, this is a critical level that JASMY must hold to avoid further downside. It's apparent from the chart that this level has provided support in the recent past.
Resistance Levels (R1, R2, R3, R4): R1 at $0.03071 is the first significant barrier that needs to be overcome for a bullish scenario. R2 at $0.03840 and R3 at $0.04469 mark higher peaks, which could indicate substantial price targets in a strong upward move. R4 is off the current screen but would be an ambitious long-term target.
Technical Indicators:
Relative Strength Index (RSI): The RSI is around 40, suggesting that JASMY is neither severely oversold nor overbought. This leaves room for movement in either direction, depending on market influences.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, indicating bearish momentum. The negative histogram values further confirm this bearish sentiment, suggesting caution for buyers.
Given these insights, my current strategy would involve closely monitoring the $0.01832 support level. A consistent hold above this level may provide a buying opportunity, targeting a move towards R1 at $0.03071. Overcoming R1 would then shift focus to R2 and beyond, depending on volume and market sentiment.
However, the bearish MACD suggests that any positions taken should be managed cautiously with strict stop-loss orders to mitigate potential losses from unexpected downward movements. Additionally, it would be prudent to watch for any changes in the MACD and RSI indicators for early signals of a possible trend reversal or continuation of the current trend.
Investors should remain vigilant and flexible, ready to adapt to any sudden market changes that could affect the price dynamics of JASMY. As always, understanding the broader market context and any news affecting the crypto market or JASMY specifically will be crucial in timing these trading decisions effectively.
ZKUSDT.4HAnalyzing the ZKUSDT chart, I observe several critical elements from a technical standpoint:
Support and Resistance Levels:
Support Levels (S1 and S2): S1 at $0.1365 is crucial as it appears to be the recent low where price rebounded. A breakdown below this could lead to a test of S2 at $0.1256, indicating a more significant bearish sentiment.
Resistance Levels (R1 and R2): R1 at $0.1741 and R2 at $0.1929 are key barriers for bullish momentum. Overcoming R1 could pave the way for a test of R2, indicative of strong buyer presence.
Technical Indicators:
Relative Strength Index (RSI): The RSI at around 53.51 shows a neutral stance, which suggests that there is neither significant buying nor selling pressure at the moment. It provides room for the price to move in either direction.
Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line but slightly below, indicating a weak bearish momentum. This near-zero histogram suggests a lack of strong directional momentum, supporting the RSI's neutral signal.
Given this setup, my perspective as a trader is to watch for potential entry points near the support levels if signs of stabilization and bullish reversal appear. If the price holds or rebounds off S1, it could offer a strategic long position with an initial target at R1. Conversely, if the price breaks below S1, it might signal a potential short opportunity towards S2, but caution is advised given the close proximity of these levels and the overall neutral momentum indicated by the RSI and MACD.
Traders should remain alert for any sudden shifts in volume or news that might impact market sentiment and adjust their strategies accordingly. Monitoring the interaction between the MACD and signal lines will also be crucial for catching early signs of a momentum shift. As always, setting appropriate stop-loss levels to manage risk effectively is vital.
FTMUSDT.1DUpon analyzing the FTM/USDT chart, here's a detailed breakdown from a technical perspective:
Support and Resistance Levels:
Support Level (S1): The support level at $0.2958 is a crucial area where FTM found buying interest in recent months. This level must hold to prevent further declines and stabilize the price.
Resistance Levels (R1, R2, R3): R1 is positioned at $0.6066, which FTM needs to break through for any bullish continuation. R2 at $0.9390 and R3 at $1.2289 represent historical peaks and are important targets for longer-term bullish scenarios.
Technical Indicators:
Relative Strength Index (RSI): The RSI at 36.05 indicates that FTM is approaching oversold conditions, suggesting potential buying opportunities unless the RSI dips further, indicating even stronger bearish momentum.
Moving Average Convergence Divergence (MACD): The MACD shows a bearish crossover with the signal line above the MACD line, suggesting bearish momentum in the near term.
Given the current technical setup, my approach would be cautiously optimistic with a keen eye on the $0.2958 support. If this level holds, it may present a good entry point for a potential upward move towards the first resistance at $0.6066. Breaking past R1 could ignite further buying interest, targeting R2 and R3 in the medium to long term.
However, traders should be prepared for volatility and potential downside if the support level fails, as this could lead to a retest of lower price levels. Monitoring the MACD for changes in momentum and the RSI for signs of oversold conditions becoming extreme could provide additional clues on the strength of the market's movements. Overall, maintaining tight stop-losses and being ready to adjust positions based on price action near these key levels would be prudent.
EGLDUSDT.1DLooking at the current EGLD/USDT chart, we see a fascinating technical landscape unfolding. First, let's discuss the support and resistance levels I've identified:
Resistance Levels (R1 and R2): R1 stands at $52.70, which has acted as a significant barrier since early 2023, and R2 is at $82.25, a level last tested in late 2022. These resistance points are critical for the bullish scenario and would need to be broken with substantial volume for a sustained upward movement.
Support Level (S1): The S1 at $22.60 is pivotal. This level has been tested and held firm throughout mid-2023, indicating strong buying interest.
Now, let's delve into the technical indicators:
Relative Strength Index (RSI): The RSI is currently around 38.97, which suggests that EGLD is neither overbought nor oversold. This neutral RSI provides room for the price to move in either direction without immediate pressure from overbought or oversold conditions.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line but above the zero line, which typically suggests a bearish momentum. However, the proximity to the zero line also indicates that the negative momentum is not overwhelmingly strong.
Given these observations, my perspective is cautiously optimistic. The support at $22.60 provides a good foundation for potential upward movement, but the market will need to see significant buying volume and a positive shift in broader market sentiment to challenge and possibly break through the resistance levels. Investors should keep a close eye on the MACD and RSI for early signs of momentum changes and adjust their strategies accordingly. If the price fails to hold the S1 support, it could lead to a retest of lower levels, but for now, the setup looks promising for buyers at current levels, provided the support holds strong.
SHIB is ready for PUMP!#SHIB in dayli timeframe is in a bullish structure and recently touched its S2D flip zone and made a SCOB confirmation.
So it can go up from here , specially because of its upside momentum and last downside momentum .
Its not a financial advice ,DYOR.
HelenP. I Bitcoin will make small move down and then start growHi folks today I'm prepared for you Bitcoin analytics. A not long time ago price declined to the resistance level, which coincided with the resistance zone, and some time traded inside, after which rebounded up to 63900 points. After this movement, the price turned around and started to decline inside the downward pennant, where it soon broke the resistance level and fell firstly to the support level, which coincided with the support zone. Soon, BTC broke the 55400 level and fell to the trend line, but then it at once rebounded and rose back, making a fake breakout of a support level. Then price rose a little more and made a correction to the support zone. After this movement, BTC rebounded and rose to the resistance line of the pennant and recently exited from this pattern. Also, it made a retest and now I expect that BTCUSDT will make a small movement down and then start to grow to the resistance level. That's why I set my goal at the 60700 level. If you like my analytics you may support me with your like/comment ❤️
Bitcoin can reach resistance area and then start to declineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time traded in the seller zone and then broke the 63800 level, after which fell to the current resistance level. After this, the price started to trades inside the range, where it rebounded from the 59100 level and in a short time rose to the 63800 level, but then it turned around and started to decline. The price quickly fell to the current resistance level, broke it, thereby exiting from the range also, and continued to fall. When BTC declined to 53500 points, it turned around and started to grow inside the upward channel, where it in a short time rose to the resistance line of the channel. After this movement, the price rebounded and made a correction to the support line, after which BTC bounced and recently rose almost to the resistance area, which coincided with the current resistance level. In my opinion, the price can reach the resistance area, after which Bitcoin will turn around and start to decline to support line of the channel. For this case, I set my TP at 54750 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can little correct and then bounce up to $55500Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to flat, where at once fell lower than $61500 level, but soon turned around and rose back.
In a short time, BTC rose to top part of flat and then made strong downward impulse, breaking $61500 level again.
Also, price exited from flat and continued to fall inside wedge, where it declined to support line of this pattern.
After this movement, Bitcoin turned around and rose from support line higher than $55500 level, breaking it.
But then, price corrected to this level and a not long time ago bounced up to resistance line.
Now, I think price can make a small correction movement, and then bounce up to $55500 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
POLSUSDT.1DIn my analysis of the POLS/USDT daily chart on Binance, I've identified several crucial elements that offer insight into the pair's price dynamics and potential future movements.
The chart shows POLS/USDT experiencing a significant price decline followed by periods of volatility. Notably, there's been a sharp decrease from highs around $1.40 to current levels near $0.3773. This decline brings the focus to key support (S1) and resistance (R1, R2) levels.
Support and Resistance Levels:
S1 at $0.2437: This level is critical as it has acted as both support and resistance in the past. If the price breaches this level, it could signal further declines.
R1 at $0.6894 and R2 at $1.0046: These levels represent potential upward targets should the market sentiment shift. R1, in particular, is crucial as it marks the midway point of the recent decline and could act as a psychological barrier.
Technical Indicators:
Relative Strength Index (RSI): The RSI is currently at 29.91, indicating that the asset is potentially oversold. This could either suggest a forthcoming price rebound or a continuation of the downtrend if the market conditions remain bearish.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line and both are trending downward, which traditionally signals bearish momentum. However, the proximity of the lines suggests that a reversal could be imminent if bullish signals emerge.
Given the current market conditions and technical indicators, the immediate strategy should involve close monitoring of the $0.2437 support level. A daily close below this level could exacerbate the bearish trend, possibly driving prices to seek new lows. Conversely, stabilization or a rebound from this support level could offer a buying opportunity, with initial targets at R1.
In conclusion, while the overall sentiment appears bearish due to the recent significant declines and current MACD positioning, the oversold RSI condition warrants caution for bears and may offer a strategic entry point for bulls. My approach will be to watch for potential reversal signals or further confirmation of the downtrend, adjusting my strategy based on the price action near these key technical levels.
SHIBUSDT.1DIn my technical analysis of the SHIB/USDT daily chart on Binance, I focus on the trend behaviors and key indicators that could provide insights into future price actions.
The chart reveals a volatile journey for SHIB/USDT, particularly noticeable in the sharp spike and subsequent fall during early 2024, characterized by point A on the chart. This volatility has since tapered into a descending triangle pattern, indicating a potential continuation or reversal could be forthcoming.
Firstly, let's consider the support (S1) and resistance levels (R1, R2). Currently, the price has stabilized near a critical support level (S1) at approximately $0.00000853. This level is crucial as it has historically acted as both support and resistance, suggesting a strong psychological price point for traders.
Resistance levels are identified at $0.00002019 for R1 and higher at $0.00004567 for R2. Overcoming these levels would require significant bullish momentum, likely driven by broader market trends or specific catalysts affecting SHIB.
The Relative Strength Index (RSI) is near the 50 mark, indicating neither overbought nor oversold conditions. This neutrality suggests a potential for either movement direction, depending heavily on market sentiment and upcoming news or events that could sway investor behavior.
The MACD, while currently below the signal line, shows signs of converging. A crossover above the signal line could be a bullish indicator, suggesting an increase in upward momentum. However, the histogram reflects minimal momentum in either direction, reinforcing the current market uncertainty.
Given this analysis, the immediate strategy would be to watch for a decisive break either above R1 or below S1. A break above R1 could suggest a potential trend reversal, targeting further resistance at R2. Conversely, a fall below S1 could confirm the continuation of the bearish trend, potentially leading to new lows.
In conclusion, my focus will remain on these critical thresholds (S1 and R1), monitoring for significant price movements that could indicate a larger trend change. The balance between observing technical signals and staying informed on market-wide influences will be essential in navigating SHIB/USDT’s future movements effectively.
NOTUSDT.1DIn this technical analysis of the NOT/USDT trading pair, depicted on the daily chart from Binance, we can observe a few key points about its recent price action and potential future movements.
First, let's note the support (S1) and resistance (R1, R2, R3) levels. The support level S1 is identified at approximately $0.01238, while the resistance levels are plotted at $0.01748 for R1, $0.02143 for R2, and $0.02486 for R3. The chart displays a downtrend since mid-June, with a significant rebound occurring around this support level, suggesting it’s a critical zone for maintaining bullish hopes.
The downtrend line, marked in green, indicates the prevailing trend direction. Price action has been below this trendline, confirming the bearish sentiment. However, the recent rebound off S1 coupled with a breach of the trendline could suggest a potential shift in momentum if the price can sustain above this level.
Looking at the Fibonacci retracement tool applied from the swing high to the swing low of the recent major move, we see that the price has rebounded to the $0.01617 level, trying to stabilize. It’s crucial to watch if the price action can break above R1, which would align with a 50% retracement and may signal stronger bullish momentum toward R2.
Given these observations, the immediate strategy would be to watch for a solid daily close above the R1 resistance level. Such a move could validate a short-term bullish outlook with targets set at R2 and R3. Conversely, failure to hold above S1 might resume the bearish trend, with potential new lows beyond the last recorded low.
In summary, while the recent rebound offers a glimpse of bullish potential, key resistance levels must be conquered to confirm a trend reversal. My strategy in the coming days will focus on these critical thresholds to either capitalize on a bullish breakout or prepare for further downside if the rebound lacks sustainability.
As I analyze the PEPE/USDT daily chart from Binance, I notice several critical points and patterns that provide insights into the potential future behavior of this trading pair.
First, the PEPE/USDT pair has been experiencing a pronounced downtrend since March 2024, evident from the descending channel marked by the red trend lines (A to D). This suggests a strong bearish momentum over several months. However, the price recently approached a significant support level (S1) at approximately $0.0000780, a crucial juncture that traders should monitor closely.
The Fibonacci retracement tool, applied from the highest high at point A to the lowest low at point D, reveals that the rebound reached close to the 23.6% level before falling back. This point also coincides with a previous support-turned-resistance level (R1), adding to its significance.
The Relative Strength Index (RSI) currently hovers just above the 30 level, suggesting the market might be nearing oversold conditions. This could indicate a potential for a short-term reversal or stabilization, especially if the RSI begins to diverge positively from the price action.
Looking at the MACD, the signal line remains below the MACD line, and the histogram shows increasing bearish momentum, suggesting that the downward trend is still strong. However, any crossover above the signal line could be a bullish signal, warranting close observation for a potential change in trend direction.
Given the current support levels and the oversold RSI condition, my immediate focus will be on whether the price can sustain above S1. A bounce from this level could target the next resistance at R1 ($0.0001377). Should it break through, it might continue towards R2. Conversely, a breakdown below S1 would likely lead to further declines, with potential targets at S2 ($0.0000595) and S3 ($0.0000379).
In conclusion, while the overall trend for PEPE/USDT remains bearish, the approach towards major support levels combined with oversold conditions presents a scenario where traders should be alert for signs of a potential reversal. My trading strategy will adapt based on price action around these critical levels, looking for confirmation of either a continuation of the downtrend or an emerging bullish reversal.
Zk ready for an outbreak (Consolidation - Symetrical Triangle)It surely all matters what bitcoin will be doing at this exact timing. We'll see. I'm bullish on Zk!
Your opinion is valuable for me! Let's get the discussion going.
