Ripple can continue to decline to 0.5065 support levelHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some time ago started to decline inside the downward channel, where it soon broke the resistance level, which coincided with the seller zone and fell to the support line of the channel. After this movement, Ripple continued to decline in the channel and reached a support level, which coincided with the buyer zone, and even soon broke it too and declined more. But later, XRP turned around and made a strong impulse up from the support line, thereby breaking the 0.5065 support level again and exiting from the downward channel also. Then price continued to grow and even later reached a resistance level, but not a long time ago rebounded and declined to the support line. Also recently, XRP broke this line and now it continues to decline, so, in my opinion, Ripple can make a little movement up and then continue to fall to the 0.5065 support level, which is my target also. Please share this idea with your friends and click Boost 🚀
Usdt
ETHEREUM - Price can reach resistance level in rising channelHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades inside wedge, where it at once made a downward impulse to support line, breaking $3355 level.
When price reached support line of wedge, ETH bounced up and some time traded near $3000 level, which coincided with support area.
Later Ethereum reached resistance line of wedge again and then made a downward impulse, exiting from this pattern.
Also, price broke $3000 level, but soon turned around and started to grow in the rising channel, where soon broke this level again.
Now, I think Ethereum can bounce up from support line of a channel to $3355 resistance level.
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HelenP. I Bitcoin can make retest and continue to move upHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see how the price reached the resistance level and at once rebounded down, but soon turned around and rose back to the resistance level, which coincided with the resistance zone. Then BTC some time traded near this level and later made a correction movement, after which turned around and rose to the trend line and then started to decline. In a short time, the price fell to the support level, which coincided with the support zone, thereby breaking the 70800 level again. After this movement, BTC turned around from the 60000 level and rebounded up to the trend line, and when it reached this line, the price at once rebounded and fell lower than the support level, breaking it. But recently Bitcoin turned around and made a strong impulse up, breaking the 60000 level and soon the trend line too, so, now BTC continues to grow. For this case, I expect that Bitcoin will make a retest of the trend line and then continue to move up, therefore I set my target at 69000 points. If you like my analytics you may support me with your like/comment ❤️
USDT Dominance just failed and doing BTC a huge favor!On this chart we see a major development on the USDT Dominance (USDT.D). It formed its first ever Death Cross on the 5D time-frame, with the MA200 (orange trend-line) turning into Resistance since the start of February.
That has never happened in its history and as you can see, when USDT.D declines, Bitcoin (black trend-line) rallies, which has been doing so aggressively since early October 2023.
This is a sign that the current rally on BTCUSD might be far from over and if anything can even be much more aggressively than we initially thought.
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HFTUSDT 1W LONG📈Hi all. Timeframe 1 week. HFT is in accumulation. Hashflow is a decentralized exchange platform that allows users to trade various assets across different blockchains quickly and without any fees. It offers a unique request for quotation (RFQ) engine that connects traders with professional market makers, reducing dependence on automated market makers (AMMs) to execute trades. Hashflow has gained significant notoriety and has recorded over $10 billion in trading volume since its launch in 2021, making it one of the 10 largest decentralized exchanges. It has also integrated with platforms such as Zerion, further improving its functionality and user experience. At the moment, investors for 22 years, who invested $25 million, have not made even one X. I'm taking it for the long term.
BNBUSDT - Price can break resistance level inside rising channelHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it soon broke resistance level, which coincided with resistance area.
After this, BNB reached resistance line of channel and then bounced down to support line, breaking $604 level again.
Then price made downward impulse, exiting from falling channel and breaking $560 level.
But then, BNB turned around and started to grow inside rising channel, where it broke $560 level again and continued to grow.
Later price reached resistance line of channel, but at once bounced and fell to support line, where now it continues to trades near.
In my mind, Binance Coin can bounce up from support line of channel to $615, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Ripple will break trend line and fall to support levelHi folks today I'm prepared for you Ripple analytics. Some days ago price reached a resistance level, which coincided with the resistance zone, and soon broke this level. Then XRP rose a little more, and then in a short time declined below the 0.5410 level, breaking it again, and then the price continued to fall. After the price reached the support level, which coincided with the support zone, it some time traded near this level and later broke it, after which declined to the trend line. But then, the price turned around and made a strong impulse up, higher 0.5080 level, breaking it and making a retest also. Then Ripple continued to move up and soon reached a resistance level, but a not long time rebounded and fell to the trend line, where at the moment XRP continues to trade near. For my mind, Ripple will make a little move up and then rebound down to the support level, breaking the trend line. That's why I set my target at the 0.5080 support level. If you like my analytics you may support me with your like/comment ❤️
Bitcoin can break support line and continue fall to 61000 pointsHello 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 started to trades inside the downward channel, where it rebounded from the resistance level, which coincided with the seller zone and rose to the channel's resistance line. After this movement, BTC turned around and quickly declined to support line of the channel, breaking the 64500 resistance level, but soon backed up to the seller zone. Later, the price finally broke the 64500 level and some time traded below, after which BTC rose to this level, which coincided with the resistance line of the channel, and rebounded down to the 59200 support level, which coincided with the support area. Also, Bitcoin left the downward channel and soon broke the 59200 level too. After this, the price turned around and made impulse up to the resistance level, breaking the 59200 level one more time and when BTC reached the 64500 level, it rolled down to the support line. Now, I think Bitcoin can reach the resistance level again and then rebound down lower than the support line, breaking it. For this case, I set my target at 61000 points. Please share this idea with your friends and click Boost 🚀
🔥 Ethereum's Big Short: Conquer The Next Bear MarketThis analysis is based on a massive rising wedge pattern that has been developing over 7 years at this point. It's a long-term trade, so we have to be patient.
The trade is simple; we're going to wait until the top of the next bull-market to enter a short on ETH. When this trade will activated remains to be seen. I'm waiting for ETH to touch the top resistance of the pattern.
Rising wedges are often bearish reversal patterns, so we can ride the wave from ~15k all the way to ~3k potentially. Exact numbers will be clear once we actually arrive there.
Assuming we're going to touch the top resistance, this trade can be double dipped:
- Buy and hold until the top resistance has been hit for 400%-500% gains.
- Short for another 60%-80% gain.
DOGEUSDT.1DThe daily chart for Dogecoin (DOGE/USDT) showcases a situation where the cryptocurrency is attempting to stabilize after experiencing fluctuations. The current price is $0.15016, with marked resistance (R1) at $0.17396 and a higher resistance (R2) at $0.21158, which align with previous highs where the price faced significant selling pressure.
The support level (S1) is identified at $0.12157, which if breached, might signal a continuation of the bearish trend. This chart shows that Dogecoin has been struggling to maintain upward momentum as it has failed to break above R1 consistently.
The RSI is near the neutral zone at 47.64, indicating a lack of strong momentum in either direction. This could suggest a consolidation phase or indecision among traders about the next directional move. The MACD is slightly below the signal line, which hints at bearish momentum, but the proximity to the line suggests that the bearish sentiment is not overwhelmingly strong.
For traders:
Watching for a decisive break above R1 could suggest potential bullish momentum, possibly leading up to R2.
Conversely, a drop below S1 could indicate a bearish trend continuation, which might prompt traders to consider short positions or exit long positions.
Given the current indicators, it might be wise to look for confirmation through other tools such as volume analysis or candlestick patterns to corroborate the potential breakout or breakdown before making significant trading decisions.
ADAUSDT.1DThe daily chart for Cardano (ADA/USDT) displays a fluctuating price movement with critical levels outlined. Currently, ADA is trading at $0.4662, having faced significant resistance at the $0.5263 mark (R1). The next major resistance level (R2) is situated at $0.6852, which marks the upper range of the price movement in this period.
The support structure includes a primary support level (S1) at $0.3606, with a further support (S2) at $0.2255. Observing ADA's price behavior around these levels could offer valuable insights into potential reactions in future sessions.
The RSI indicates a value of 41.63, suggesting a slight bearish bias as it is below the midpoint of 50. This could signify that there might be more room for downward movement unless a reversal signal appears. The MACD is close to the signal line, hovering just below it, indicating a lack of strong momentum but a possible preparation for a direction change if it crosses above the signal line.
For trading, watching ADA's interaction with these key support and resistance levels will be crucial:
A recovery and sustained movement above R1 could indicate bullish potential, possibly aiming for R2.
Continued pressure and a break below S1 could warn of a move towards S2, indicating stronger bearish momentum.
Traders might consider entry points for buys near support levels with a tight stop loss if reversal signs appear. Conversely, a break below support might be used as a trigger for short positions, aiming for lower targets while monitoring for any potential reversal signs that could invalidate the bearish outlook.
XRPUSDT.1DThe daily chart for Ripple (XRP/USDT) shows the price fluctuating within a defined range, currently sitting at $0.5298. The chart outlines key resistance levels at $0.5746 (R1) and $0.6686 (R2), which are critical points where the price has previously encountered selling pressure.
The support level (S1) is established at $0.4697. Observing XRP's recent behavior near this level could provide insights into potential future movements. If XRP can maintain above S1, it might retest R1, suggesting a consolidation within this range.
The RSI is almost at the neutral point of 47.24, which does not indicate a strong momentum in either direction, suggesting the market is in a state of balance between buyers and sellers. The MACD is very close to the signal line and slightly below zero, indicating a lack of strong bullish or bearish momentum.
For traders:
Watching the reaction at S1 is crucial; holding above it might suggest stability or a potential upward move toward R1.
Breaking below S1 could signal a further decline, potentially reaching lower historical levels not marked on this chart.
A breakout above R1 could lead to a test of R2, providing a bullish scenario to target higher levels.
Traders should consider these levels for potential stop-loss or take-profit points, and observe volume and other indicators for confirmation of any potential moves.
BTCUSDT.1DThe daily chart for Bitcoin (BTC/USDT) illustrates a continued downtrend with the formation of a descending triangle pattern, which is typically considered bearish. Bitcoin's current price is $63,034.98, and it has recently tested a significant support level (S1) at $59,065.59 without breaking below. Another key support level (S2) lies further below at $56,083.28.
On the resistance side, the first significant level (R1) to watch is at $67,154.38. A break above this could signal a potential shift in the market sentiment from bearish to bullish, targeting higher resistance levels such as $74,007.06 (R2).
The RSI stands at 47.63, indicating a neutral market sentiment but edging closer to bearish territory. The MACD is below the signal line, which supports the bearish momentum observed in the price action.
For traders, the key strategy would involve watching how Bitcoin interacts with these pivotal levels:
A rebound from S1 could offer a short-term buying opportunity, aiming for a retest of R1.
A break below S1 could see a continuation of the bearish trend towards S2, offering a potential short position setup.
A breakout above R1 might invalidate the bearish outlook and provide a bullish signal, with R2 as the next target.
As always, traders should wait for confirmation of these movements through additional indicators and market volume to substantiate the trend changes or continuations.
RNDRUSDT: Bearish Triangle Looms, But Will Sentiment Prevail?The RNDRUSDT chart on the daily timeframe presents an interesting technical conundrum. A bearish triangle pattern has emerged, traditionally a signal of a potential price decline. However, the current market climate is heavily influenced by sentiment, making technical analysis somewhat less reliable. Let's delve deeper.
The Bearish Triangle:
Triangle patterns can be tricky. They can indicate either a breakout (price surging past the pattern) or a breakdown (price falling below the support line). In this case, the bearish triangle on the RNDRUSDT chart suggests a downward move might be in the cards. The converging trendlines act as a squeeze, potentially leading to a price breakout towards the bottom of the triangle.
The Sentiment Factor:
However, the current market environment throws a wrench into the technical analysis. Right now, sentiment often trumps technical indicators. News events, social media buzz, and overall investor confidence can significantly impact price movements. This makes it difficult to rely solely on the bearish triangle pattern to predict a price drop for RNDRUSDT.
So, What Now?
Here are some approaches to consider:
Cautious Approach: Acknowledge the bearish triangle pattern, but recognize the influence of sentiment. Wait for confirmation of a breakdown (price closing decisively below the support line) before entering a short trade (betting on the price to go down).
Focus on Confirmation: Look for additional technical indicators supporting the bearish outlook. This could include increased volume during a breakdown, confirmation from other indicators like RSI reaching oversold territory, or bearish candlestick patterns appearing at the support line.
Alternative Scenarios: Don't discount the possibility of a false breakdown or a breakout from the triangle in the opposite direction (upwards). Monitor the market closely and be prepared to adjust your strategy accordingly.
Remember: Technical analysis is a valuable tool, but it's not a crystal ball. Always consider market sentiment and other factors before making any trading decisions.
Join the Discussion!
Do you think the bearish triangle on the RNDRUSDT chart will hold true, or will sentiment continue to dictate the market? Share your thoughts and technical analysis insights in the comments below!
Support zone : 64K-65233.64Hello traders!
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(USDT chart)
(USDC chart)
It appears that a particularly large amount of funds are flowing into USDC.
If the gap increase between USDT and USDC continues, the coin market is expected to continue its upward trend.
(BTC.D 1M chart)
The key is whether BTC dominance can meet resistance and decline in the 55.01-62.47 range.
A rise in BTC dominance means that funds are being concentrated towards BTC.
Therefore, if BTC dominance continues to rise, altcoins are more likely to show a weak upward trend or even decline.
(USDT.D 1M chart)
If BTC dominance falls below the 55.01-62.47 range and USDT dominance remains below 4.97 or shows a downward trend, I think there is a high possibility that the coin market will see a major uptrend.
If USDT dominance rises above 4.97 and remains, the coin market is expected to experience a significant decline.
It appears that the coin market is showing a fairly good flow of funds.
However, although there appears to be a possibility of a decline in the short term, it is expected that the upward trend is likely to remain.
If this fund flow is maintained, the coin market is expected to maintain an upward trend until 2025.
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(BTCUSDT chart)
(1M charts)
The key is whether support can be achieved above the upper point of the box of the HA-High indicator.
In other words, the key is whether support can be received around 64K.
(1W chart)
The HA-High indicator on the 1W chart was formed at 65233.64.
Therefore, the key is whether it can be supported and rise around 65233.64.
Accordingly, it is time to buy when support is confirmed around 64K-65233.64.
The volatility period on the 1W chart is before and after including April 29th to before and after including July 29th.
If the price holds above the important upward channel during this period, we expect it to rise to around 1.618 (88913.24).
Therefore, the 59K (56K-61K) section is an important section.
If it falls in this section,
1st: 53256.64
2nd: 42K-47K
You need to check if you receive support near the 1st and 2nd levels above.
The 42K-43K section is an important volume profile section, so if it shows support in this section, it is time to buy.
We are now entering a period of volatility on the 1W chart.
Therefore, we need to check the support zone and create a trading strategy accordingly.
(1D chart)
A period of volatility begins on the 1D chart.
Accordingly, the key is whether it can receive support and rise around 64K-65233.64.
If not, you should check for support in the 59K (56K-61K) range.
If it falls below 56K, you should check whether it is supported in the first and second sections marked on the chart.
To continue the upward trend, it must rise above 70231.38.
Therefore, you need to think about ways to realize profits by responding conservatively and earning profits or increasing the number of coins corresponding to profits.
Have a good time.
thank you
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- 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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USDT.DGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
HelenP. I Binance Coin will continue to grow to $605 pointsHi folks today I'm prepared for you Binance Coin analytics. Some days ago price entered to consolidation, where it first rose to the resistance level, which coincided with the resistance zone, and then at once rebounded from to support level. After this movement, BNB turned around and made an impulse up to the resistance zone, after which it in a short time declined to the trend line, thereby exiting from consolidation and breaking 620 with 550 levels. Then the price turned around and rose higher than the 550 level, breaking it again, but soon fell back to the trend line, after which BNB made impulse up to almost the resistance level, finally breaking the 550 level. After this movement, Binance Coin turned around and in a short time declined to the trend line, breaking this line and fell to the support zone, after which it not a long time ago exited up, and now price trades near the trend line. For my mind, Binance Coin will little correct and then the price can continue to move up. That's why I set my target at 605 points. If you like my analytics you may support me with your like/comment ❤️
BITCOIN - Price can bounce down from resistance area to $55500Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price started to trades in flat, where it broke $70300 resistance level and fell to bottom part of flat.
Then price turned around and rose to resistance line of wedge, exiting from flat, and soon BTC broke $70300 level again.
After this, price in a short time declined to support line of wedge, which coincided with $60500 level.
But BTC at once bounced up to resistance line of wedge, after which it made downward impulse to support line of wege.
Price broke $60500 level, but not long ago, BTC rose to this level and now trades very close.
Possibly, Bitcoin can rise a little higher than resistance level and then bounce down to $55500 support line of wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
🔥 Bitcoin: Don't Miss This Massive Trade!In this analysis I want to elaborate further on my previous analysis where I talked about the daily RSI of BTC almost being oversold, which is historically a great time to buy during bullish long-term trends.
As seen on the chart, I'm looking at both the RSI and the diagonal purple trendline. Ideally, the daily RSI will be lower than 30 and BTC will be trading closely around the trendline. This will activate the reversal trade.
In my eyes, it's possible that said reversal will be the start of a new bullish trend for BTC, which can potentially take us all the way to 100k.
Small risk, huge reward. What do you think?
Ethereum can correct to support level and then continue riseHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price rebounded from the resistance level, which coincided with the seller zone and declined to the mirror line, where it at once turned around and in a short time rose higher to the 3530 level with the seller zone, thereby breaking them. But soon, ETH declined lower this level this mirror line, breaking them again and fell a little lower, after which in a short time rose to 3270 points. Then price turned around and made a strong impulse down to the support level, which coincided with the buyer zone, thereby breaking the mirror line with the 3530 resistance level one more time. As well then, the price started to trades inside the range, where ETH rebounded from the support level and tried to rise, but at once made a correction. Then price in a short time rose to the top part of the range, after which rebounded down to the buyer zone, which recently turned around and started to rise. So, at the moment, I think Ethereum can make small correction to support the level and then continue to rise. For this case, I set my target at the 3200 level inside range. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can continue to decline to trend line in wedgeHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price rebounded from the trend line and rose higher than resistance 2, which coincided with the resistance zone, thereby breaking this level. After this, BTC started to trades inside the resistance zone, but later it made an impulse down to almost trend line, after which at once turned around and rose back to the resistance area and even higher. Later Bitcoin turned around and in a short time declined to one more resistance zone, thereby breaking resistance 2 again. Also, the price formed a wedge pattern, where it declined to resistance 1 and then rebounded up to the resistance line of this pattern. After this movement, BTC in a short time declined to resistance 1, broke it, and continued to fall. Just now, the price trying to grow, but I expect that Bitcoin can reach a resistance level and then rebound down to the trend line, which is the support line of the wedge. For this case, I set my target at 54200 points. If you like my analytics you may support me with your like/comment ❤️