$USDT dominance chart seem perfectly DIppedWith bullish news on #eth ETF, #usdt dominance is dumped, but now holding on daily ichimoku support!.. Bounce here may may be deadly. Not financial advice.
Usdt
🔥 Ethereum Bull-Flag Break Out!After months of bearish price action, Ethereum has finally broken out of a bull-flag pattern. The fact that we're up >10% on the break out is extremely bullish.
I think this is the start of a prolonged bullish trend over the summer. First target placed at $5000.
Important section: 65233.64-70231.38Hello traders!
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(USDT 1D chart)
USDT is expected to gap up.
(USDC 1D chart)
USDC is also expected to increase its gap.
I believe that the rising gap between USDT and USDC is a sign of funds flowing into the coin market.
(BTC.D 1M chart)
Rising BTC dominance means that funds are being concentrated towards BTC.
Therefore, if BTC dominance maintains an upward trend, altcoins are likely to sideways or decline.
In particular, if the altcoin rises beyond the 55.01-62.47 range, it is highly likely that the altcoin will see a larger decline, so you need to think about countermeasures against this.
(USDT.D 1M chart)
A falling USDT dominance means that the coin market is likely to rise.
However, you need to check it comprehensively with BTC dominance.
Therefore, if USDT dominance shows a downward trend while BTC dominance maintains an upward trend, caution is required when trading altcoins as only BTC may form a rising market.
In order for the coin market to show an overall upward trend,
- BTC dominance remains below 55.01 or shows a downward trend,
- USDT dominance must remain below 4.97 or show a downward trend.
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As funds flow into the coin market, altcoins, including BTC, are also showing an upward trend.
However, since BTC dominance maintains an upward trend, it is highly likely that altcoins will not be able to keep up with BTC's rise and will gradually move sideways or even decline.
(BTCUSDT 1M chart)
It appears that it has touched the second section and is trying to rise to the first section.
If the price is maintained above the second section, which is the most important section on the 1M chart, it is expected to continue its upward trend.
(1W chart)
If the price remains above the important upward channel, the upward trend is expected to remain.
The HA-High indicator on the 1W chart is formed at 65233.64, so if the price holds above this point, there is a possibility of renewing the previous latest high.
However, since the previous latest high is the new high (ATH), caution is required when trading.
As this corresponds to the current period of volatility on the 1W chart, we need to check whether the price holds above the important rising channel and above the 56K-61K range until around the week of July 29th.
If not, and it falls, there is a possibility that it will ultimately fall to around 42K-43K.
Accordingly, it is necessary to check whether support is received around 53256.64 or 44200-47600.
If the uptrend is maintained by renewing the previous high point, the target range is expected to be around 1.618 (88913.24).
(1D chart)
It is currently rising along the formed short-term upward channel.
In order to show a full-fledged upward trend, the price must be maintained by rising above the HA-High indicator on the 1D chart.
Currently, the HA-High indicator on the 1D chart is formed at 70231.38.
Therefore, the area around 69K-70231.38 could be a resistance area.
If we interpret this differently, if it shows support around 70231.38, it can be interpreted as the last buying period before a full-fledged uptrend begins.
Therefore, in order to buy at the last buying period, you must have bought when it was supported and rising near the HA-Low indicator.
If not, there is a possibility that you may feel psychologically uneasy when purchasing around 70231.38.
If you buy with psychological anxiety like this, you may proceed with the transaction erratically, so you need to be careful.
Fortunately, the HA-High indicator on the 1W chart is currently formed at 65233.64.
Accordingly, from a mid- to long-term perspective, the current price position, that is, around 65233.64, corresponds to the last purchase period and thus is the buying period.
This period of volatility will be around May 19 (May 18-20).
Therefore, we need to see if the price can be maintained above 69K after this period of volatility.
If not, and it falls below 65233.64, you should touch the important trend line, i.e. around 62791.03 and see if it rises.
The box section of the HA-High indicator on the 1D chart spans 65086.86-72797.99.
Therefore, even if the price rises above 70231.38 and maintains the price, there is a possibility of resistance around 72797.99, so caution is required when trading.
Currently, the BW indicator appears to have touched the highest point of the overbought range.
You can see that the strength of the rise is that strong.
However, since the StochRSI indicator has also risen to the overbought range, the key is whether support can be received at the support and resistance points indicated on the current chart.
Therefore, support around 66401.82 ~ 1.13 (67031.36) is expected to be an important issue.
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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DOGEUSDT.1DUpon examining the DOGE/USDT daily chart, several key technical indicators and levels emerge that provide insight into potential price movements.
Trend and Resistance Analysis:
The chart shows that Dogecoin (DOGE) has faced some consolidation recently, with the current price at approximately 0.14932 USD. The price is currently trading within a range, attempting to break out. There are two major resistance levels to watch: R1 at 0.17386 USD and R2 at 0.21158 USD. A successful break above R1 could lead to a further rally towards R2, indicating increased bullish momentum.
Support Levels:
On the downside, the primary support level is identified as S1 at 0.12157 USD. This level has shown strong buying interest previously and could act as a floor if the price continues to decline. Below S1, the next significant support level is S2 at 0.07735 USD, which has been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 48.55, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided and waiting for a clear direction. The Moving Average Convergence Divergence (MACD) indicator shows a bearish trend, with the MACD line (blue) below the signal line (orange)
, but the histogram indicates decreasing bearish momentum, which could signal a potential reversal if it continues to move towards the positive territory.
Volume Analysis:
The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This suggests that there is no strong conviction from either bulls or bears, contributing to the current consolidation phase.
Conclusion:
In conclusion, the DOGE/USDT pair is currently in a consolidation phase, trading within a range and showing neutral indicators. The RSI indicates an undecided market, while the MACD suggests potential for a bullish reversal if bearish momentum continues to weaken. Traders should closely monitor the support levels at 0.12157 USD and 0.07735 USD, as well as the resistance levels at 0.17386 USD and 0.21158 USD. A break above the resistance levels would confirm a bullish trend, while a failure to hold the support levels could lead to further declines.
Overall, the market sentiment for DOGE remains cautious, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
CREAMUSDT.1DUpon examining the CREAM/USDT daily chart, several critical technical indicators and levels are evident, offering insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Cream Finance (CREAM) has experienced a significant price increase, currently trading around 84.53 USD. The price recently spiked to a high of 97.97 USD before retracing. There are two major resistance levels to watch: R1 at 85.60 USD and R2 at 113.22 USD. The price is currently testing R1, and a successful break above this level could see it testing R2, indicating further bullish momentum.
Support Levels:
On the downside, the primary support level is identified as S1 at 73.70 USD. This level has shown strong buying interest and could act as a floor if the price continues to decline. Below S1, the next significant support level is S2 at 56.46 USD, which has been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 79.91, indicating that the asset is in the overbought territory. This suggests that the asset might be due for a correction or consolidation before any further upward movement. The Moving Average Convergence Divergence (MACD) indicator is showing strong bullish momentum, with the MACD line (blue) well above the signal line (orange)
and a positive histogram. However, the overbought RSI warrants caution.
Volume Analysis:
The volume pattern indicates that the recent price spike was accompanied by significant trading volume, suggesting strong market participation during upward movements. This heightened volume reinforces the bullish sentiment but also indicates the potential for volatility.
Conclusion:
In conclusion, the CREAM/USDT pair is currently in a strong bullish trend but is showing signs of being overbought according to the RSI. The MACD supports continued bullish momentum, but the overbought RSI suggests that a correction or consolidation might be imminent. Traders should closely monitor the support levels at 73.70 USD and 56.46 USD, as well as the resistance levels at 85.60 USD and 113.22 USD. A break above the resistance levels would confirm continued bullish momentum, while a failure to hold the support levels could lead to a deeper retracement.
Overall, the market sentiment for CREAM remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
ADAUSDT.1DUpon reviewing the ADA/USDT daily chart, several critical technical indicators and levels emerge, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Cardano (ADA) has faced significant volatility, with the current price at approximately 0.4668 USD. The price is currently attempting to recover from its recent lows. There are two major resistance levels to watch: R1 at 0.5263 USD and R2 at 0.6852 USD. The price recently faced rejection at R1, indicating strong selling pressure around this level. Breaking above these resistances would signal a potential reversal of the current bearish trend.
Support Levels:
On the downside, the primary support level is identified as S1 at 0.3606 USD. This level has shown strong buying interest previously and could act as a floor if the price continues to decline. Below S1, the next significant support level is S2 at 0.2255 USD, which has also been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 49.38, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided. The Moving Average Convergence Divergence (MACD) indicator is showing signs of a potential bullish reversal. The MACD line (blue) is approaching the signal line (orange)
from below, and the histogram shows decreasing bearish momentum.
Volume Analysis:
The volume pattern indicates that trading activity increases during price declines, suggesting strong market reactions. This heightened volume during downward movements implies significant selling pressure, but it also means that any positive news or bullish signals might lead to a swift recovery due to the existing oversold conditions.
Conclusion:
In conclusion, the ADA/USDT pair is currently in a neutral to bearish trend but is showing signs of potential stabilization around key support levels. The RSI indicates a neutral position, while the MACD suggests a possible bullish crossover, which could signal the beginning of a recovery phase. Traders should closely monitor the support levels at 0.3606 USD and 0.2255 USD, as well as the resistance levels at 0.5263 USD and 0.6852 USD. A break above these resistance levels would confirm a bullish reversal, while a failure to hold the support could lead to further declines.
Overall, the market sentiment for ADA remains cautious, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
AXLUSDT.4HUpon reviewing the AXL/USDT 4-hour chart, several significant technical indicators and levels emerge that offer insights into potential future price movements.
Trend and Resistance Analysis:
The chart shows that AXL has been in a pronounced downtrend, with the current price at approximately 0.9777 USD. The price recently attempted a recovery but faced resistance. There are three key resistance levels to watch: R1 at 1.0641 USD, R2 at 1.1524 USD, and R3 at 1.3276 USD. These levels have historically acted as barriers to upward price movement, and breaking through these resistances could indicate a trend reversal.
Support Levels:
On the downside, the immediate support level is identified as S1 at 0.8815 USD. This level has shown strong buying interest previously and could serve as a floor if the price continues to decline. Below S1, further support can be expected around the 0.8000 USD level, which has also been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 38.36, which is close to the oversold territory. This suggests that the selling pressure might be nearing exhaustion, potentially leading to a price rebound. The Moving Average Convergence Divergence (MACD) indicator is showing bearish momentum, with the MACD line (blue) below the signal line (orange)
and the histogram indicating increasing downward momentum. However, the MACD is also approaching levels that could lead to a bullish crossover if the selling pressure eases.
Volume Analysis:
The volume analysis shows that trading activity has been significant during price declines, indicating strong market reactions. This heightened volume during downward moves suggests that the market participants are actively selling, but it could also mean that any positive news or bullish signals might lead to a swift recovery due to the oversold conditions.
Conclusion:
In conclusion, the AXL/USDT pair is currently in a bearish trend but is approaching key support levels that may offer a potential reversal opportunity. The RSI indicates that the asset is nearing oversold conditions, and if the MACD shows a bullish crossover, it could signal the beginning of a recovery phase. Traders should closely monitor the support level at 0.8815 USD and the resistances at 1.0641 USD, 1.1524 USD, and 1.3276 USD. A break above these resistance levels would confirm a bullish reversal, while a failure to hold the support could lead to further declines.
Overall, the market sentiment for AXL remains cautious, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
BTCUSDT.4HUpon analyzing the BTC/USDT 4-hour chart, several critical technical indicators and levels stand out, providing insight into potential price movements.
Trend and Resistance Analysis:
The chart shows that Bitcoin has faced several periods of volatility, with the current price hovering around 66,707.40 USD. The price is currently testing the resistance level marked as R1, around 67,373.58 USD. A successful break above this level could see the price testing the next resistance at R2, which is around 71,320.28 USD. The overall trend appears to have a slight upward trajectory as the price has managed to break above a significant downward trend line.
Support Levels:
There are several key support levels identified. The immediate support level is labeled as S1 at approximately 66,000 USD. Below this, the next significant support levels are S2 at around 59,357.32 USD and S3 at approximately 56,447.95 USD. These levels have historically provided strong buying interest, which could prevent further declines if the price retraces.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 58.91, indicating that the asset is in a neutral to slightly bullish zone. The RSI has been trending upwards, which suggests increasing buying momentum. The Moving Average Convergence Divergence (MACD) indicator shows a bullish trend with the MACD line (blue) above the signal line (orange)
, supported by a positive histogram. This suggests that bullish momentum is currently stronger.
Volume Analysis:
The volume pattern indicates that the price increases are accompanied by substantial trading volume, reinforcing the bullish sentiment. The volume spikes at key price levels suggest strong market participation during upward movements.
Conclusion:
In conclusion, the BTC/USDT pair is showing signs of a potential bullish breakout if it manages to stay above the R1 resistance level. The indicators, including a rising RSI and a bullish MACD, support the likelihood of continued upward movement. However, traders should remain cautious of potential retracements to the support levels at S1, S2, and S3, which could offer buying opportunities. Monitoring the price action around these critical support and resistance levels will be crucial for making informed trading decisions.
Overall, the market sentiment appears cautiously optimistic, with key levels and indicators suggesting a potential continuation of the upward trend, provided the resistance levels are successfully breached and maintained.
ARBUSDT.1DUpon examining the ARB/USDT daily chart, several key technical indicators and levels emerge that help forecast potential price movements.
Trend and Resistance Analysis:
The price has experienced a significant decline from its high of around 2.4250 USD. Currently, it is trading at approximately 0.9749 USD. The price has been following a downward sloping trend line, labeled as R1, indicating persistent bearish sentiment. There are two major resistance levels to watch: R1 at around 1.3914 USD and R2 at approximately 1.3914 USD. The first resistance level (R1) has been tested multiple times but has held firm, preventing any upward breakout.
Support Levels:
There are clear support zones identified on the chart. The primary support level, labeled S1, is around 0.5000 USD. This level has been tested before and has shown considerable buying interest, suggesting it could act as a strong floor for future price declines.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 36.59, indicating that the asset is nearing oversold territory. Historically, this suggests that a reversal could be imminent, as the selling pressure may soon exhaust itself. The Moving Average Convergence Divergence (MACD) indicator shows a bearish trend with the MACD line (blue) below the signal line (orange)
, though the histogram indicates a potential weakening of the bearish momentum.
Volume Analysis:
There is a noticeable volume pattern where the price dips are accompanied by significant trading volume, which typically suggests strong market reactions to the price movements.
Conclusion:
In conclusion, the ARB/USDT pair is currently in a bearish trend but is approaching key support levels that might offer a reversal opportunity. The RSI indicates a potential oversold condition, which, coupled with weakening bearish momentum in the MACD, suggests that the price may stabilize or attempt a minor rally towards the first resistance level (R1). Traders should watch for a break above the R1 trend line to confirm any bullish reversal. Conversely, a failure to hold the S1 support could lead to further declines.
Overall, the market sentiment remains cautious, and close attention to the aforementioned levels and indicators is crucial for making informed trading decisions.
Divergences say that $USDT dominance is getting stronger#usdt #tether dominance chart is rising after bullish divergences occured. Short term continuation is expected. Not financial advice.
BITCOIN - Price can break support level and decline to $64000Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it broke $66500 level and fell to support line of channel.
BTC rose to resistance line, but at once made downward impulse, thereby exiting from channel and breaking $60200 level.
After this, price started to grow inside wedge, where it soon broke $60200 level again and rose to resistance line.
Then BTC made correction to support level, after which bounced and in a short time rose to $66500 level.
A not long time ago price broke this level and now it continues to trades near inside resistance area.
In my mind, Bitcoin can bounce down from resistance line to $64000, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
After exiting from triangle, Ethereum can continue to growHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price declined to the resistance level, which coincided with the seller zone and even fell below this level but soon backed up to the seller zone. ETH some time traded in this area and later rebounded up to 3717 points, after which it turned around and made a downward impulse to the support level, which coincided with the buyer zone, breaking the 3360 level. Also, the price started to trades inside the triangle, where it bounced from the 2875 level and started to grow to the resistance line, which their moment coincided with the resistance level, after which it rebounded and fell to the buyer zone. But soon Ethereum turned around and rose back to the resistance line, but couldn't fixed and fell back to the support level. Some time later price made an upward impulse from this level and a not long time ago Ethereum exited from the triangle pattern. Now I think the price can make a small correction move and then continue to grow. For this case, I set my target at the 3360 level. Please share this idea with your friends and click Boost 🚀
🔥 MATIC Massive Triangle: Accumulation Before Break OutMATIC has been trading inside this massive triangle for over 2 years at this point. Chances are that it will take another year before MATIC will finally break out of this pattern.
In my view, this triangle is a huge accumulation area where traders are loading in their bags in preparation for the next leg up.
This can really fly once we break out. Time will tell. Patience is key.
🔥 FTM: Huge Reversal Possibility From Major SupportFTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support.
I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low.
The stop is very tight. If you prefer a higher probability trade (but lower RR) put the stop at 0.54
USDT.DOMINANCE CHART UPDATE !!USDT DOMINANCE ANALYSIS
USDT.D is descending following a retest below the rising wedge. It's also breaking through the MA 50, with a candle close below it confirming a bearish sentiment. Notably, a bearish USDTD trend often indicates bullish momentum for the broader crypto market due to their inverse relationship.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Next volatility period : around May 19 (May 18-20)Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
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(USDT 1D chart)
(USDC 1D chart)
USDT and USDC are showing sideways movements.
(BTC.D 1M chart)
It is still sideways around 53.44-55.01.
(USDT.D 1M chart)
For the coin market to continue its overall upward trend, USDT dominance must remain below 4.97 or maintain a downward trend.
Otherwise, the coin market as a whole is likely to show a downward trend as it rises around the Fibonacci ratio point of 0.618.
therefore,
- Are USDT or USDC showing a gap upward trend?
- Will BTC dominance remain below 55.01 or show a downward trend?
- Is USDT dominance maintained below 4.97 or showing a downward trend?
You need to check if the above conditions are met.
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(BTCUSDT 1M chart)
If it receives support near the second section, I think there is a high possibility of a large upward trend.
However, since the buying section of this uptrend appears to have taken place over the 16362.29-28923.63 section, I think there is a possibility that it will fall to around 0.382-0.5, that is, around 46K-51K, as indicated by the Gann Box tool.
Even in that sense, you can see how important the second section (56K-61K) is.
(1W chart)
Because we used a Volume Candles chart, the candles are spaced irregularly.
The Volume Candles chart is a chart that combines trading volume with candles, allowing you to intuitively know that the thicker the candle, the more trading volume has occurred.
Therefore, when looking at the current candle, I think it is difficult to say that enough trading volume has occurred to change the trend.
The period of volatility on the 1W chart is expected to span the week before and after April 29th through the week before and after July 29th.
At this time, the most important thing is whether the upward trend can be continued along the important upward channel.
(1D chart)
The key is whether it can find support near 61K and rise along the important uptrend line.
The next period of volatility is expected around May 19 (May 18-20), so the question will ultimately be whether the price can be maintained above 61K.
The HA-Low indicator is formed at the 62791.03 point, and the box section of the HA-Low indicator is currently formed over the 65500.0-58811.32 range.
Therefore, a trend is expected to form when the price breaks out of the box area and remains there.
In order for a full-fledged uptrend to begin on the 1D chart, the price must be maintained above the HA-High indicator.
Therefore, the current HA-High indicator point is formed at 70231.38, so based on current standards, the price must rise above 70231.38 to maintain the price.
Therefore, the final time to buy is when support appears near the HA-High indicator.
However, if it rises near the HA-High indicator, you may feel pressured to buy due to psychological fear of decline.
Therefore, it is necessary to proceed with aggressive buying when support is shown near the HA-Low indicator.
Aggressive buying refers to a proportion that is large enough to not cause significant psychological burden even if the price plummets.
However, if it falls below the HA-Low indicator and shows resistance, there is a possibility that the previous low point will be renewed, so you should think about a response plan.
The creation of the HA-Low indicator means that a low point has been formed.
A low point does not mean it is a bottom.
In order to form a bottom section, you can tell that a bottom section has been formed when you confirm support at the low point section.
Therefore, the bottom section will only be known after some time has passed.
Therefore, if there is a decline in the HA-Low indicator, there is a high possibility of a cascading decline.
The buying strategy around the HA-Low indicator is how to purchase whenever there is a cascading decline and how to leave coins (tokens) held for profit.
If you buy and hold in this way, you will not feel much pressure to buy when it eventually shows support near the HA-High indicator.
When purchasing near the HA-Low indicator, the important thing is to see whether the price is maintained above the HA-Low indicator and the MS-Signal indicator.
This will allow you to reduce the number of day trading or short-term trades you do.
Have a good time.
thank you
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- The big picture
A full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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🔥 Bitcoin Inverse Head & Shoulders! New All-Time High Soon 🚀Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern.
In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed.
As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min). In my eyes, this could be the start of the next leg up towards the current all-time high, and likely beyond.
HelenP. I Ethereum can break support level and continue fallHi folks today I'm prepared for you Ethereum analytics. A not long time ago price some time traded in the resistance zone, which coincided with the resistance level, and later tried to rise, but failed and in a short time declined the lower 3150 level. After this, ETH rebounded up to the trend line and then made a strong impulse down to the support zone, breaking 3150 with 2900 levels. Soon, the price turned around and rebounded up from the support zone, breaking the 2900 level again and in a short time rose to the resistance level and even higher, reaching the trend line again. But ETH at once rebounded and declined to support level back, breaking resistance level one more. Ethereum some time traded near the 2900 support level and even tried to rise more, but failed and now continues to trades very lose to the support level. For my mind, Ethereum will make a small move up and then break the support level, after which continue to decline, therefore I set my goal at 2775 points. If you like my analytics you may support me with your like/comment ❤️
Binance Coin can correct to support line and then continue riseHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price in a short time rose to the resistance level, which coincided with the seller zone, and soon broke this level. After this, the price rose to 627 points and then made a strong impulse down to 508 points, thereby breaking 600 and 547 levels. After this, BNB started to trades inside a symmetrical triangle pattern, where soon it broke the support level, which coincided with the buyer zone and continued to move up to the resistance level again. When the price reached this level, it entered to seller zone and even later rose to the resistance line of the triangle, but after which BNB turned around and declined back to the support level, breaking the 600 level one more time. After this, the price rebounded from the support level and in a short time rose to the resistance level, and some time traded near, after which bounced and declined to the support line of the triangle. Also recently, Binance Coin started to move, so, in my opinion, BNB can correct to the support line again and then continue to move up, therefore I set my target at the 590 points, which is located close to the resistance level. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can bounce up from support line of wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to falling channel, where it soon broke $68900 resistance level and fell to support line.
Next, price tried to grow, but failed and declined to $60100 support level, after which bounced up.
BTC rose to resistance line of channel and then continued to decline near this line, after which made downward impulse.
Price exited from falling channel, and entered to wedge, where it broke $60100 level, which coincided with support area.
Soon, price bounced from support line of wedge and rose to resistance line, breaking support level again.
Recently BTC fell to this level and now I think price can bounce up from support line to $66500 resistance line of wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
New high-potential play. Get in early?$BUBBLE just launched across Bybit, Gate.IO, HTX, MEXC and a bunch of other exchanges.
Looking at it's litepaper: bubble.imaginaryones.com , it seems like a possible high-potential play for the next big gami-fi project, with already tons of credible Listed companies backing it and collaborating with it.
A look at the charts:
TGE: 14th May, 10:00 UTC. Price spiked to 0.06.
- 1 hour after, price started to dip till 0.01
- A look at its open see saw that out of 8888 listed NFTs, 10% were not staked. As holders received token airdrops (101010 tokens per NFT), this TGE dip is expected from holders who are in to make a quick buck.
- Post TGE, 90% NFTs remained staked
- 15th May 02:00 UTC8, mini spike pushing the price up to form higher-lows, despite total market dip
- By TA + Investors strength from $BUBBLE Litepaper, we should expect a gradually climb with market, follwed by a couple of pumps with their phased out partnership release over the next few months.
*Do expect liquidity grabs from the minority pool of opportunist.
Overall: Looking at potentially 2000% growth on investments to $0.2 by EOY, from the current $0.01
ARBUSDT.1DThe daily chart for ARB/USDT provides a clear view of its current technical setup, which can help us understand the potential future movements.
Key Resistance and Support Levels:
Resistance 1 (R1): Not specified, but closer analysis suggests it's near where recent peaks have been formed.
Resistance 2 (R2): $1.3914 - This level is above the current trading range, marking a significant target for bullish momentum.
Support 1 (S1): $0.7712 - Acts as the primary support level where the price could potentially find buying interest if it dips to this range.
Technical Indicators:
Relative Strength Index (RSI): Currently at 35.11, which is below the neutral 50 mark, indicating bearish momentum. The RSI is nearing the oversold territory, suggesting potential for a reversal if it goes below 30.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, indicating bearish momentum. However, the histogram is near zero, suggesting that the downward momentum is not particularly strong.
Trend Analysis:
The price has been in a downward trend, indicated by lower highs and lower lows. The current setup shows the price near a descending trend line or resistance level, which could act as a key area for reversal if broken above.
Conclusion:
Given the current technical analysis of ARB/USDT, the market seems to be in a bearish phase with a potential for reversal highlighted by the near oversold RSI condition. Traders might consider looking for buy opportunities near $0.7712, which could act as a robust support level, especially if the RSI moves into the oversold territory and starts to curve upwards.
For those looking at potential sells or waiting for a confirmation of trend continuation, a decisive break below $0.7712 could open the path towards lower prices, potentially towards newer lows not defined on the current chart.
Investors should remain cautious and watch for any changes in the MACD and RSI for early signals of a trend reversal or continuation. Setting stop-loss orders just below the support levels and taking profit near resistance levels can help manage risks effectively in this volatile setup.
DOGEUSDT.1DAnalyzing the daily chart for DOGE/USDT, we can see some significant technical details that will aid in identifying potential trading opportunities.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.17386 - This level acts as the first major resistance where the price has previously faced significant sell-offs.
Resistance 2 (R2): $0.21158 - This higher resistance could be the target in a strong bullish momentum scenario.
Support 1 (S1): $0.12157 - Marked by the chart as a critical support level, where buyers have historically shown interest.
Support 2 (S2): Lower than S1, providing a safety net in case of a significant downturn.
Technical Indicators:
Relative Strength Index (RSI): The RSI is currently at 47.59, slightly below the neutral 50 mark, indicating a slight bearish bias in the market.
Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line but slightly below it, showing a bearish momentum that is not very strong. The MACD histogram is close to zero, suggesting a lack of strong momentum either way.
Trend Analysis:
The price has been following an ascending support trend line, suggesting that as long as this line holds, the bullish sentiment might continue. This trend line acts as a dynamic support, guiding potential rebounds.
Conclusion:
For traders looking at DOGE/USDT, the current setup suggests a cautious approach. With the price nearing the ascending support line, one could consider buying opportunities near this trend line, setting a stop-loss just below it to mitigate potential losses if the trend reverses.
Should the price break below this trend line decisively, it could be an indication of a stronger bearish trend developing, possibly targeting the next support at $0.12157. Conversely, if the price bounces off the support line and moves upward, traders might set their sights on R1 at $0.17386 and potentially R2 at $0.21158 if the momentum is strong enough.
As always, it is advisable to watch how the price reacts at these critical technical levels and to adjust strategies accordingly, keeping an eye on RSI and MACD for any signs of momentum shifts that could provide earlier entries or exits.
