Analyzing USDCHF Using Support and ResistanceUSDCHF (US Dollar vs. Swiss Franc) is currently trading at 0.904, with a target price of 0.890, indicating a bearish outlook. This presents a potential gain of 100+ pips if the target level is achieved. The analysis is based on a support and resistance pattern, suggesting that the current price is below a key resistance level, which acts as a barrier to upward movement. The next support level is identified at the target price of 0.890, where the price is expected to stabilize or reverse. This implies a short-selling opportunity to profit from the anticipated price drop. The strategy assumes the price will continue its downward trend without breaking above the resistance level. Traders should closely monitor the price action near the resistance and support levels for confirmation. Effective risk management is crucial to account for potential price rebounds. The setup is ideal for technical traders focusing on price action and key levels. This plan is aligned with the overall market trend, reinforcing its validity.
BNB-BTC
Technical Analysis of XAUUSD Using Support and Resistance LevelsXAUUSD represents the price of gold (XAU) against the US dollar (USD). Its current price is 2724, and the target price is set at 2800. This suggests a bullish outlook, with an expected price increase of 76 points. The analysis is based on the "support and resistance" pattern, where the current price is rebounding from a strong support level. Support levels act as a price floor, where buying pressure typically overcomes selling pressure, preventing further decline. The strong support indicates high confidence among traders that the price will rise. A move toward the target of 2800 aligns with the historical price behavior near this level. Traders may monitor for confirmation signals, such as higher highs or increased volume, to validate the upward momentum. However, market conditions and external factors like economic data or geopolitical events could influence the pair’s movement. Proper risk management is essential.
#BNB /USDT Ready to launch upwards#BNB
The price is moving in a descending channel on the 1-hour timeframe and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 670
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 682
First target 696
Second target 710
Third target 730
BNBBTC Get ready for BNB's ride.BNBBTC is consolidating between the 1week MA50 and 1week MA100.
Once the 1week MA100 breaks, we expect the Cycle's massice rally to start, where BNB aggressively outperforms BTC in gains, similar to Jan - May 2021.
We expect a new All Time High April 2025.
Follow us, like the idea and leave a comment below!!
BNBBTC.1WThe weekly chart for BNB/BTC offers a broad perspective on the market trends and technical levels significant for medium to long-term trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): 0.012091 - This is a critical resistance level. A move above this could signal strong bullish momentum, potentially leading to further gains.
Support 1 (S1): 0.008128 - This level is currently acting as support, with the price rebounding from this point recently.
Support 2 (S2): 0.006216 - This is a lower support level that might come into play if there's a significant downward move.
Technical Indicators:
Relative Strength Index (RSI): The RSI is currently at 53.30, which is slightly above the neutral 50 mark, indicating a slight bullish bias in the market. This level suggests that there might be more room for upward movement before the asset becomes overbought.
Moving Average Convergence Divergence (MACD): The MACD is above the signal line, and the histogram bars are positive, indicating bullish momentum. This setup suggests that the bullish trend could continue, particularly if the MACD maintains its position above the signal line.
Trend Analysis:
The price appears to be recovering after a significant downtrend, showing signs of stabilization and potential reversal. The recent price action has been making higher lows, which is a bullish indication in the context of technical analysis.
Conclusion:
The current setup on the BNB/BTC weekly chart points towards a cautiously bullish outlook. The price holding above S1 at 0.008128 and the positive signals from both the RSI and MACD support this view. Traders might consider taking long positions if the price continues to hold above this support level, targeting R1 at 0.012091 as a potential exit or profit-taking point.
However, it's essential to watch for any changes in market sentiment that could lead the price back towards S1, and possibly S2 if the trend reverses sharply. Setting stop losses slightly below S1 could help mitigate the risk of a sudden bearish downturn. As always, it's crucial to consider other market factors and news that could influence price movements when trading on macro trends like those seen on a weekly chart.
ctxc getting ready for 45 to 50% bullish rally trend is already up and strong ctxc recently broke consolidation seems like getting ready for another 45 to 50% bullish wave
ascending triangle breakout has already confirmed retesting in process incase of successful retest expecting bullish wave towards 0.70$ in coming days
HNT Ballooning to new Heights - Potential Price TargetsHelium Network is an extremely promising venture, Not only due to its revolutionary vision but also its solid team and feverish community of supporters.
Solana Phone is likely to bring the price to new highs, very soon.
Here are my current price points for HNT
Support zone: 5.28 - 6.883
Resistance Level: 7.82
Target 1: 11.11
Resistance Level: 12.02
Target 2: 13.79
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.
Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
BNB/USDTHey guys, look at this perfect analysis of $BNB. I hope you guys have made some good profits on this trade. What a perfect target hit from the entry.
Remember securing profit is a key as a trader
Always trust
@TheCryptoCity1
#BULLRUN2024 #XAUUSD #Binance #Binance #GOLD BCBA:ROSE #cryptocurrency
DYDX flight is not over yet!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Technical: prolonged growth has formed a structure with a downward movement and has broken through the local countertrend, there is the potential to reach an update high towards $3.9-4.
I do not rule out that there may soon be a squeeze movement down all alts, so be careful with your leverage! In theory, you can try to take 10-15% from here without leverage.
CZBINANCE is leaving! Will BNB coin rise again?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
The week certainly turns out to be powerful for events, and the market reacts accordingly...
Let's start from the beginning: technical analysis on the BNB chart shows a double test of the global countertrend line, and so far everything is unsuccessful, there is no breakout! But we received a noticeable pullback, where I decided to average my long position. Of course, the news background played a big role in this volatility. I think without him we would have dropped to $300 a long time ago, but now we’ll have to wait a little).
CZ IS LEAVING BINANCE, IS IT BENEFITABLE FOR HIM?
Yesterday's announcement about the resignation of the CEO of Binance, of course, came as a surprise, and the market began to react in both directions, “destroying” everyone in a row - this is already a classic: if you hear news about CZ and BINANCE, then expect that they will start shaving everyone
According to some analysts, if Binance settles the issue with the Ministry of Justice and pays the imposed fine of $4 billion, then the greatest pressure will be removed from the cryptocurrency market, and the start of the next bull market will not be long in coming. It turns out that all this time CZ was a brake on the bull? Or they are simply accelerating fomo, and the latest growth was the peak this year. What do you think?
And a few of my thoughts on everything that is happening) Yes, perhaps the authorities have put a lot of pressure on CZ, and he has to take the most extreme measures (leaving the exchange, paying a large fine, etc.). But I will never believe that CZ would just give up. I think he always makes decisions in his favor, and his departure is simply to remove unnecessary attention from his brainchild and himself. CZ won’t just leave it like that, he will still punish his offenders. Remember what he did with FTX - they were his direct competitors, and SAM had a strong team behind him, and most importantly, SAM had connections in power. And where is FTX now, and where is SAM?
What I mean is that the more negativity that surrounds BNB now, the stronger the bullish blow will be. At the moment more time is needed.
Exploring Trends and Opportunities in Cycles with BNB/BTCAnalyzing the recurring cycles within the BNB/BTC pairing reveals a promising landscape for strategic trading. Over 650-day intervals, distinct patterns emerge, guiding investors through highs and lows in price dynamics.
This cyclic strategy presents a valuable tool for traders seeking optimal moments to exchange between BNB and BTC, potentially maximizing gains and capitalizing on market opportunities. It's crucial to acknowledge the current long-term historical uptrend in BNB/BTC, recognizing that revisiting lower price regions may be a healthy and strategic move from a technical perspective.
In essence, understanding and navigating these cycles can empower investors to make well-informed decisions, aligning their trades with the prevailing trends and enhancing overall trading performance."
BNB Binance Coin BearishDaily Bearish
Weekly Bearish
Bearish Sentiment 93%
POC analysis:earish
Volume Bearish
RSI Bearish
Stochastic Bearish
MACD Bearish
Resistance Supports See on the Chart
According to current Binance Coin price prediction, the value of Binance Coin is predicted to drop by -14.33% and reach $ 208.93 by July 11, 2023. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 56 (Greed). Binance Coin recorded 13/30 (43%) green days with 4.33% price volatility over the last 30 days. Based on our Binance Coin forecast, it's now a bad time to buy Binance Coin.
Current Price
$ 239.26
14-Day RSI
42.46
Based on data from July 06, 2023 at 11:03, the general Binance Coin price prediction sentiment is bearish , with 2 technical analysis indicators signaling bullish signals, and 27 signaling bearish signals.
Binance Coin is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 33 days, since Jun 02, 2023.
The price of Binance Coin is currently below the 50-day SMA and this indicator has been signaling SELL for the last 59 days, since May 07, 2023.
The most recent Death Cross in the Bitcoin market happened 25 days ago, on Jun 11, 2023. Meanwhile, a Golden Cross last occurred on Feb 09, 2023, which was 147 days ago.
Based on our technical indicators, Binance Coin's 200-day SMA will drop in the next month and will hit $ 288.44 by Aug 05, 2023. Binance Coin's short-term 50-Day SMA is estimated to hit $ 221.70 by Aug 05, 2023.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 42.46, which indicates that the BNB market is in a neutral position.
Daily Simple Moving Average (SMA)
Period Value Action
SMA 3 $ 243.18 SELL
SMA 5 $ 244.69 SELL
SMA 10 $ 240.42 SELL
SMA 21 $ 241.98 SELL
SMA 50 $ 269.75 SELL
SMA 100 $ 295.26 SELL
SMA 200 $ 295.30 SELL
Daily Exponential Moving Average (EMA)
Period Value Action
EMA 3 $ 240.46 SELL
EMA 5 $ 242.24 SELL
EMA 10 $ 242.22 SELL
EMA 21 $ 244.95 SELL
EMA 50 $ 262.90 SELL
EMA 100 $ 280.66 SELL
EMA 200 $ 291.25 SELL
Weekly Exponential Moving Average (EMA)
Period Value Action
EMA 21 $ 282.41 SELL
EMA 50 $ 297.54 SELL
EMA 100 $ 297.21 SELL
EMA 200 $ 248.96 SELL
Binance Coin Price Forecast
Date Price Change
Jul 7, 2023 $ 245.89 0.82%
Jul 8, 2023 $ 227.94 -6.54%
Jul 9, 2023 $ 230.03 -5.68%
Jul 10, 2023 $ 210.99 -13.49%
Jul 11, 2023 $ 208.93 -14.33%
Jul 12, 2023 $ 199.67 -18.13%
Jul 13, 2023 $ 206.97 -15.14%
Jul 14, 2023 $ 213.53 -12.45%
Jul 15, 2023 $ 202.24 -17.08%
Jul 16, 2023 $ 203.15 -16.70%
Jul 17, 2023 $ 208.93 -14.33%
Jul 18, 2023 $ 208.54 -14.49%
Jul 19, 2023 $ 207.74 -14.82%
Jul 20, 2023 $ 207.17 -15.05%
Jul 21, 2023 $ 215.68 -11.57%
Jul 22, 2023 $ 214.99 -11.85%
Jul 23, 2023 $ 206.75 -15.23%
Jul 24, 2023 $ 209.78 -13.98%
Jul 25, 2023 $ 202.35 -17.03%
Jul 26, 2023 $ 199.03 -18.39%
Jul 27, 2023 $ 200.26 -17.89%
Jul 28, 2023 $ 197.65 -18.96%
Jul 29, 2023 $ 194.74 -20.15%
Jul 30, 2023 $ 198.72 -18.52%
Jul 31, 2023 $ 201.77 -17.27%
Aug 1, 2023 $ 204.77 -16.04%
Aug 2, 2023 $ 206.81 -15.20%
Aug 3, 2023 $ 206.69 -15.25%
Aug 4, 2023 $ 204.75 -16.05%
Aug 5, 2023 $ 201.98 -17.18%
The simplicity BYBIT:BNBUSDT.P
I want to talk about the simplicity of this bottom on BNB. Obviously, everything we think we know about the markets is uncertain ALWAYS. uncertainty is very important for you to come to realize. once you focus on uncertainty and make it a main priority of your life you will then come to realize how close your relationship with uncertainty will become. you will also take the trades set out for your plan without hesitation, you will not feel as much hardship when a trade doesn't go your way. Once you stop looking for that quick spell and focusing on the real things like your own psychology, physical health, and little topics (the art of uncertainty) you will finally excel in your trading and everything else around you will follow. The simplicity of this bottom is that it's at a perfect spot that meets my criteria and I'm in without hesitation because it's uncertain anyway, right? shoot your shot to be on your way and take the trades.
thanks guys.
BNBBTC.1DHello dear friends,
*Mars Signals Team wishes you high profits*
This is a daily time frame analysis for BNBBTC.1D
We are in the daily time frame. As you can see, after hitting our resistance line several times, the price failed to consolidate above that line and moved towards your first support line. Now, we expect the price to support once again and this time after breaking the first resistance line, it can move towards our second resistance line. But if it fails to stabilize above our support line, there is a possibility of a fall to lower numbers.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
Bitcoin - pullback before $30,000 exitHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Previously, I wrote several posts about exiting through local resistance, so far everything is clearly according to plan!
I'll update my previous idea a bit:
Bitcoin passed the local resistance with one candle, as it was said earlier, and even tested the local countertrend line of $28.250 (the last stop of the price of $28.450 is the gray line on the chart).
At the moment, I think that we are waiting for a test of the $27,500 mirror level before reaching $30,000 and possibly higher, an approximate plan is shown on the chart.
I continue to hold my position from $26,200 to $30,000 test, there I will already act according to the situation, either fix most of the profit and keep the rest until the local High $31011 test, or completely fix the position and wait for a significant correction to the previous local support levels of $26,300-25,000
ETH/USDT Technical Analysis: Key Levels and Potential Price Move ETH/USDT Technical Analysis Alert
Current price: TSE:1870
Key levels:
Support: HKEX:1800 , HKEX:1705 , TSE:1619 , TSE:1476
Resistance: HKEX:1880 , TSE:1930 - TSE:1950 (red box area)
Recent bounce off the HKEX:1800 support level, approaching HKEX:1880 resistance. A break above this level could lead to a test of HKEX:2500 , while a break below support could result in a drop towards TSE:1550 as per the head and shoulders pattern on the chart.
Traders, keep a close eye on these key levels and adjust your positions accordingly. Stay vigilant!
Follow us for More Quality Chart Analysis.