BTCUSDT continues downtrendThe airstrike by Iran on Israel in April 2024 and the attack on Israel on October 7, 2023, also revealed a similar bearish pattern for Bitcoin.
Gold investors assert that Bitcoin behaves more like a speculative risk asset, similar to tech stocks, rather than a safe haven.
Jesse Colombo, an analyst, predicts that Bitcoin is now closely tied to the Nasdaq 100, particularly to U.S. tech stocks. He warns that the collapse of this "bubble" could negatively impact Bitcoin's value.
Buy-signal
XAUUSD: Sideway The chart indicates that gold prices are moving sideways within a relatively narrow range on the H1 timeframe. Support is around 2,645, and resistance is near 2,665, forming a clear consolidation zone. The price is currently fluctuating within this range, without any strong signs of a breakout.
Market factors, such as the strengthening of the US dollar due to expectations around US economic data or geopolitical tensions in the Middle East, may continue to pressure gold prices. If the dollar remains strong, gold may stay in this consolidation range until a clear breakout occurs.
XAUUSD Yesterday's trading session saw gold prices continue fluctuating within the sideways range of 2640 - 2665. At 19:30 today, several important news events will be released, which could potentially break this sideways range. For today's session, we have two trading plans:
Scenario 1: Gold drops to the 2630 zone first, then bounces back to the 268x region.
Scenario 2: Gold rises to the 267x area and then falls back to the 263x zone, followed by a long-term upward trend.
Today's trading outlook: SELL scalp (wait for BUY hold).
Key price zones to watch:
SELL zones: 2670 - 2675 and 2680 - 2685.
BUY zones: 2625 - 2630, 2610 - 2615, and 2600 - 2605.
Wishing everyone a successful and smooth trading day!
SOLUSDT TODAY Based on the SOL/USDT chart you provided, here’s a concise trading strategy:
Super Support Zone: The highlighted zone around $115 - $125 acts as a strong support level. This is where buyers might look for entry points.
Buy Opportunity: If the price dips into the super support zone and shows a bullish reversal signal, consider opening a buy position. This zone has historically acted as strong support, making it a potential area for long trades.
Sell Scenario: The descending trendline marks significant resistance. If the price retraces upwards and touches the trendline (around $145 - $150) without breaking above it, this could be a sell opportunity, especially if bearish signals appear.
Key Levels:
Buy in the $115 - $125 zone (upon confirmation of a reversal).
Sell around the $145 - $150 resistance level (if the price is rejected at the trendline).
This strategy allows you to capitalize on both potential buy and sell opportunities based on market conditions.
SOLUSDT: Forming a bearish pattern?The SOLUSDT chart may be forming an Inverse Cup pattern, which signals a potential trend reversal from bullish to bearish.
In this pattern:
The inverted cup is created when the price rises, then reverses downward, forming a rounded top resembling an upside-down cup.
As the price drops and approaches the support level, traders watch to see if the support will be broken. If it does break, a strong bearish trend is likely to follow.
In the case of SOLUSDT, the price is showing signs of declining from the top of the inverted cup pattern, and it could continue to fall if it breaks below the support levels of 145 USDT and then 134 USDT.
Trading strategy based on the inverse cup pattern: Traders can wait for a break below the support level to confirm the bearish trend and then enter a sell position targeting lower levels, such as around 134 USDT.
EURUSD today. The EUR/USD pair remains on the defensive, hovering near 1.1035, as the stronger U.S. dollar dominates in early Friday trading in the Asian session. Market caution ahead of key U.S. economic data is putting pressure on the major currency pair. All eyes are now focused on the U.S. jobs report, set to be released later today.
ETHUSDT Today’s ETHUSDT analysis shows a potential bearish continuation. After a sharp 10% drop, the price is hovering around $2,390, signaling more downside risks. The chart indicates that ETH might enter a consolidation phase, with the price likely retesting the resistance zone between $2,839 and $2,535 before making another move lower.
Key Levels:
Resistance Zone: $2,839 to $2,535
Support Zone: $1,550 (major support zone highlighted below)
Trading Strategy:
Bearish Setup: If ETH struggles to break through the resistance zone, it may lead to further declines, potentially dropping to the support level at $1,550. Traders could look for shorting opportunities near the resistance around $2,839 with a target of $1,550.
Stop Loss: Place the stop loss just above the $2,839 resistance to protect against any unexpected breakouts.
BTCUSD: How to trade ?Today’s analysis for BTCUSDT based on the chart shows a potential continuation of bearish momentum. The price has been rejected at a resistance level around $63,000, highlighted by the red arrow and labeled "Resist". The current price is hovering around $61,100, and we observe that BTCUSDT is struggling to break back above this resistance zone.
Key Points:
Resistance: $63,000 is acting as a strong resistance level.
Support: There is a crucial support zone around $54,300, as shown in the green area on the chart.
Strategy:
Bearish Scenario: If BTCUSDT fails to break above the resistance around $63,000, a further drop towards the support level at $54,300 is likely. Consider short positions below the resistance level with a target near the support zone.
Stop Loss: Set above $63,000 to mitigate risks in case of a breakout.
Bullish Scenario: If there is a clean break above the $63,000 resistance level, the next upside target could be around $66,000 or higher, invalidating the bearish outlook.
The overall sentiment remains cautious as investors monitor price action around key resistance and support zones.
ETHUSDT Faces Key Resistance, Downtrend Ahead?The ETHUSDT chart shows Ethereum currently trading within a sideways channel, with support around 2,400 USDT and resistance near 2,750 USDT. After a slight recovery, ETH seems unable to break through this resistance level and is now turning downwards.
Combined with uncertainty in the cryptocurrency market and macroeconomic factors, ETH is likely to continue fluctuating within this range before possibly breaking the support zone. If the 2,400 USDT level is breached, a strong downtrend could push ETH to lower levels around 2,200 USDT or even further.
Trading strategy: Traders can wait for ETH to reach the resistance zone near 2,700 USDT to enter a sell position, with a target of 2,400 USDT. If the price breaks below this support, continue holding the sell position with a lower target around 2,200 USDT.
ETHUSDT Near Resistance - Expecting a Downward CorrectionETHUSDT is currently testing a descending trendline, which has acted as resistance in previous instances, as shown by the two prior rejections marked by red arrows. The price is hovering near $2,650, with a potential move towards $2,740 if short-term bullish momentum continues. However, based on the chart pattern and market behavior, there is a high likelihood of rejection near the $2,800 mark, leading to a bearish correction.
The projected scenario suggests that if ETH is rejected from the trendline, it may revisit the support zone around $2,300 - $2,200. The market remains cautious as traders await key macroeconomic data that could influence risk assets, including crypto. This trend aligns with the broader market's volatility and concerns around interest rates and global economic uncertainty.
In summary, ETHUSDT could see a short-term increase before likely encountering strong resistance, prompting a downward move towards the support range. Traders should be alert to price action near the $2,800 level for possible trend reversals.
BTCUSDT trading strategy today.Bitcoin is currently priced at 64,444.91 USDT, showing a slight dip of 1.76%. It’s nearing a critical support zone between 63,000 - 64,000 USDT, which has held strong in the past. Moving averages still suggest an overall bullish trend despite the recent pullback.
-Strategy:
Entry: Look for a bounce in the 63,000 - 64,000 USDT support zone. Confirm a reversal before buying.
Take Profit: Target 66,000 USDT first, then 67,000 USDT.
Stop Loss: Set below 62,900 USDT.
If support holds, this could be a good opportunity for a bullish trade. Stay cautious and watch the market closely!
Today's BTCUSDT trading strategy!Hello everyone, let’s continue to analyze trends and strategies together!
Currently, BTCUSDT is hovering around the $65,000 level, gaining momentum after successfully breaking through the resistance at $64,500 in the short term.
From a technical perspective, considering the trendline and the EMA 34, 89 indicators, I believe a buying strategy remains favorable in both the short and medium term. The uptrend could be further reinforced if it manages to break through the $65,300 resistance level soon.
Wishing you all happy trading and abundant profits!
ETHUSDT ETH has experienced a downward move but found strong support around the 2,560–2,580 USD range, as shown in the chart. Despite the recent decline, the price has bounced from this support zone, signaling a potential reversal. The price is currently approaching the upper boundary of the descending channel, and if it breaks out, we could see a bullish continuation.
Fundamental Impact: Recent market conditions and news surrounding Ethereum have remained positive, including increased institutional interest and developments in Ethereum's ecosystem. This could provide bullish momentum, further supporting a breakout.
Prediction: If ETHUSDT breaks above the descending channel near 2,620 USD and holds, we could expect a rally toward 2,660 USD and potentially higher. If the breakout fails, the price may retest the lower support zone. Keep an eye on the 2,620 USD level for confirmation of the uptrend.
BNBUSDT today Based on the BNBUSDT chart, we observe that BNB has encountered strong resistance in the 610 - 615 USDT zone (marked in orange), where the price reversed after failing to break through. Currently, BNB is trading around 596 USDT and finding support in the 590 - 595 USDT zone (marked in blue).
Technical Analysis:
BNB may experience a short-term recovery from the 590 - 595 USDT support zone, aiming to retest the resistance zone at 610 - 615 USDT. If BNB fails to break through this resistance, the price is likely to continue its downward correction.
A more bearish scenario could unfold if BNB breaks below the current support zone, potentially leading to a sharp drop towards the 580 USDT level, which serves as the next key support.
Conclusion:
In the short term, if BNB holds above the 590 - 595 USDT support zone, the price may recover and retest the 610 - 615 USDT resistance level.
However, if the price breaks below the current support, a significant drop towards the 580 USDT level may occur.
ETHUSDT : Downward correction in price channel . Based on the provided ETHUSDT chart, ETH is trading within a descending price channel, with strong resistance at the upper trendline. The price is currently hovering around 2,643 USDT and has failed to break through the upper resistance, indicating that buying pressure is insufficient to push prices higher.
Technical Analysis:
ETH has attempted to test the upper resistance of the channel but has been unsuccessful, increasing the likelihood of a short-term decline.
The 34 and 89 EMA lines are providing dynamic support for ETH, particularly around the 2,608 USDT level, which serves as a crucial support zone to watch.
If the price breaks below the lower trendline of the descending channel, a deeper drop towards lower levels around 2,580 USDT or further could be expected.
Conversely, if ETH manages to recover and break the upper resistance of the channel, the price could rise toward the higher levels around 2,680 - 2,700 USDT.
Prediction: In the short term, ETH is likely to continue its downward movement, testing lower support levels near 2,608 USDT before potentially experiencing a minor rebound.
SOLUSDT Based on the current SOLUSDT chart, Solana has broken out of a descending channel and is attempting to continue its upward momentum. Here are the key highlights from the technical analysis and market impact:
Breakout from the Descending Channel:
Solana has broken through the upper resistance of the descending price channel. This indicates strong bullish momentum, and SOL is now targeting higher price levels.
Key Support and Resistance Levels:
The support zone is around 146 - 148 USDT (highlighted in green). This area may provide a foundation for further upward movement if the price pulls back slightly.
The major resistance is at 152 - 154 USDT (highlighted in orange). If SOL breaks this resistance, it could push higher with a clear bullish trend.
Short-Term Expectations:
SOLUSDT is likely to experience a slight correction towards the support level around 148 USDT before finding new buying pressure and attempting to test the resistance zone at 152 - 154 USDT.
A successful breakout above the resistance could lead to a significant upward move, with higher targets becoming viable.
Forecast: In the short term, SOLUSDT is expected to retrace slightly towards the 148 USDT area before bouncing back to test the key resistance at 152 - 154 USDT. The weakness of the US dollar and positive sentiment in the cryptocurrency market could fuel further growth for SOLUSDT.
ETHUSDT : Pricing momentum lasts"ETHUSDT is currently on a prolonged downtrend, confined within a descending price channel. My strategy continues to prioritize selling in the long term, although ETHUSDT may experience some upward corrections along the way.
If the upper boundary of the price channel remains intact, it could be a good opportunity to consider selling this coin based on the targets and strategy outlined on the chart.
What about you? Do you think ETHUSDT has the potential to break out of this channel and reverse its trend?
SOLUSDT: Increase while the price is still decreasing?Currently, SOLUSDT is trading within a descending channel, with significant selling pressure keeping it in check. From the chart, we can clearly see the strong support zone (super support) between $120-$130, which has been a key level where SOLUSDT has bounced multiple times in the past.
At this point, it’s likely that SOLUSDT may continue to correct and test this support zone again before making a stronger move upward. The resistance around $180 has yet to be broken, indicating that the longer-term downtrend remains intact. If SOLUSDT fails to break the descending channel, we could see further downside movement towards the support zone before a potential rally.
Forecast: SOLUSDT is likely to experience a slight pullback towards the support zone before possibly gaining momentum for a bullish rebound.
Market sentiment and macroeconomic news will continue to influence this trend, especially as the cryptocurrency market faces ongoing volatility. Stay alert for any developments that might shake up the charts!
ETHUSDT : Price increase but not stable!Hello traders, let’s dive into the analysis of ETHUSDT together!
For today’s review, I’m focusing on the 1D chart, where the price is currently hovering around the $2,656 level.
Trend Overview:
ETHUSDT is showing signs of recovery, with nearly a 3% increase today. While the short-term trend is bullish, it’s clear that the broader, long-term downtrend hasn’t fully played out yet.
However, there’s reason to be optimistic. We could be on the verge of another upward movement as the pair gears up for the next correction, supported by the formation of two higher lows.
I expect ETH to rise again, gaining momentum from the marked support level.
Happy trading, and good luck!
DOT - A Risky Opportunity for HoldingBINANCE:DOTUSDT (1W CHART) Technical Analysis Update
DOT is currently trading at $5.9 and the price is in a consolidation state. As we expect a bull market in crypto, it's likely that the price will bounce back from this consolidation zone. This is a good opportunity to buy some and hold in the spot market.
Entry level: $ 5.9
Stop Loss Level: $ 4.7
TakeProfit 1: $ 8.811
TakeProfit 2: $ 10.667
TakeProfit 3: $ 16.852
TakeProfit 4: $ 23.526
Max Leverage: 2x / Sport
Position Size: 0.5% of capital
Remember to set your stop loss.
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GreenCrypto