BITCOIN Correction in Play - Can Bulls Regain Control?COINBASE:BTCUSD is experiencing a corrective move after forming a double top near the upper boundary of the channel. The rejection from this level has led to increased selling pressure, with price steadily approaching a significant support zone around $73,000. The confluence of the trendline support and the horizontal demand zone increases the probability of a bullish reaction.
If buyers step in at this level, we could see a rebound, with a potential move toward the $90,000 resistance zone. This level could act as a short-term target within the current market structure.
However, failure to hold this support could signal further downside, potentially extending the retracement toward lower levels. Traders should monitor bullish confirmation signals, such as rejection wicks, increasing volume, or bullish engulfing patterns, before anticipating a continuation to the upside.
If you agree with this analysis or have additional insights, feel free to share your thoughts here! 🚀
Crypto
AVAXUSD: Could target $125 by the end of this CycleAvalanche is bearish on its 1D technical outlook (RSI = 38.910, MACD = -2.280, ADX = 35.079) but the bullish dynamics should start accelerating now as the price hit the HL trendline of December 2020. This is the bottom of the multi year Triangle pattern and with the 1W RSI as low as the August 5th 2024 bottom, we expect the final rally of this Bull Cycle to start. Technically it should break above the LH trendline as all Bull Cycle rallies hit (or came close to) their 2.0 Fibonacci extension. Buy and aim for slightly below it (TP = 125.000).
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XRPUSDT: A Massive Move Is Coming – But Will It Be Up or Down?Yello, Paradisers! Are we about to see an explosive breakout in XRP, or is a deeper pullback lurking around the corner? Let’s break it down.
💎XRPUSDT has formed a falling wedge alongside a bullish divergence, signaling a potential upside move. Adding to the bullish case, we also see an inverse head & shoulders pattern forming underneath – a combination that significantly increases the probability of a breakout.
💎For a high-probability bullish confirmation, we need a breakout and candle close above the falling wedge.
💎That said, if price retraces deeper, we should be watching the major support zone for a potential bounce. A bullish I-ChoCH on lower timeframes will serve as the key confirmation for a reversal.
💎The invalidation level? If XRPUSDT breaks down and closes candle below the major support zone, this bullish setup will be completely invalidated.
🎖Stay sharp, Paradisers. The next move will decide everything! As always, discipline and patience will separate the winners from the crowd. Be strategic, trade smart, and wait for the highest probability setups.
MyCryptoParadise
iFeel the success 🌴
PIUSDT : Head & Shoulders Signals a Major Drop Incoming!Yello, Paradisers! PIUSDT is flashing strong bearish signals! The price has formed a Head & Shoulders pattern right on the resistance trendline of a descending channel—this combination significantly increases the probability of a sharp move to the downside.
💎PIUSDT breaks below the neckline and closed a candle which validates the bearish setup, increasing the likelihood of further downside.
💎However, We have to wait for the proper retest of the neckline, patience is key for the right entry.
💎On the flip side, if PIUSDT breaks above the resistance zone and closes candle above it, the bearish setup will be invalidated.
Stay disciplined and wait for confirmation, Paradisers. A fakeout could trap impatient traders—don’t be one of them! 🎖
MyCryptoParadise
iFeel the success 🌴
ETHEREUM copying Bitcoin's 2018-2021 Cycle and targets $8000!Ethereum / ETHUSD is under heavy pressure since the early December (2024) High and this week almost touched the 12 month Falling Support.
Even though that's devastating news for short term traders, long term holders may remain bullish just by looking at Bitcoin's 2018-2021 Cycle, which ETH has been repeating very closely.
A rebound on the Falling Support caused a massive breakout above the Falling Resistance and BTC rallied to the 1.618 Fibonacci extension.
In our opinion we can target at least $8000 on this Cycle.
Follow us, like the idea and leave a comment below!!
#VIRTUAL Ready For Another Leg Down Before Bullish Reversal Yello, Paradisers! Is #VIRTUAL gearing up for a full-blown collapse, or will the bulls fight back at critical support? Let’s break down #VirtualsProtocol:
💎#VIRTUALUSDT has already broken below the falling wedge, confirming that sellers remain in full control. The breakdown from this pattern signals that the expected bullish reversal has failed, and the trend remains decisively bearish. The price action is also clear—momentum is heavily bearish, and unless something shifts fast, we could see much lower levels ahead.
💎The previous major support zone at $0.60 - $0.65 has flipped into resistance, making it a crucial level to watch. Any short-term bounce into this area is likely to face strong selling pressure from sellers of #VIRTUALUSD. Only a break above $0.935 would invalidate this bearish outlook and signal a shift in momentum.
💎If the rejection plays out, the next downside target sits at $0.40, with a high probability of further decline toward the major support zone at $0.31 - $0.07. This is where buyers must step in—otherwise, a much deeper drop could follow.
💎RSI remains weak, and volume is declining, confirming the lack of strong buying interest. As long as this continues, the bearish pressure is likely to persist.
The market rewards discipline and patience—trade smart, Paradisers!
MyCryptoParadise
iFeel the success 🌴
Xrp - Destroying All Hopes For Bears!Xrp ( CRYPTO:XRPUSD ) is heading for new all time highs:
Click chart above to see the detailed analysis👆🏻
Literally all cryptocurrencies are currently creating pump and dump like price action with swings of two digits within a couple of minutes. But if we look at the higher timeframe - specifically also on Xrp - markets are still 100% bullish and heading for new all time highs.
Levels to watch: $2.0, $5.0
Keep your long term vision,
Philip (BasicTrading)
Tellor (TRB) a hidden gem, will previous price action repeat?Hello again dear reader for a another analysis.
From August to December 2023 TRB has seen a MASSIVE move of 7000% gains over the course of just 126 days. Since then it has corrected a whopping 96%!
There is now a reason to be bullish on this coin. Looking at the drawn structure we can see multiple important touch zones described with the letters ''A till F'' (NOT ELLIOT). It is quite possible price action might correct further till 19$ where a big support zone lies, but there is no guarantee that ''will'' happen.
Target: 1200$ (M-cap of 3B which is very achievable)
Stoploss: 15$
I aim to keep analysis simple and easy to understand. Any questions of requests for analysis feel free to ask!
Rustle
Bitcoin - The Uptrend Remains 100% Valid!Bitcoin ( CRYPTO:BTCUSD ) can create a textbook break and retest:
Click chart above to see the detailed analysis👆🏻
Over the past couple of weeks we have only been seeing a consolidation on all cryptocurrencies, governed by the slow movement on Bitcoin. With today's drop Bitcoin is now approaching the previous all time highs, which are now acting as a major support, pushing price much higher.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Solana (SOL) Price Analysis: Key Support & Resistance LevelsCurrent Market Structure
SOL is holding a major support level around $110, which could act as a launchpad for a short-term rally.
This support has historically served as a strong demand zone, attracting buyers looking for a potential rebound.
Upside Potential: Resistance Zones to Watch
If SOL maintains $110 support, it could rally toward:
$140 (first key resistance level)
$150 (historical rejection zone)
These levels have previously triggered selling pressure, so traders should watch for possible rejections.
Downside Risk: Key Support Levels
If SOL fails to hold $110, further downside could lead to a test of:
$80, a stronger support level from previous price action.
Conclusion & Strategy
Bullish Scenario: Holding $110 could trigger a move toward $140–$150, but a breakout above these levels is necessary for sustained upside.
Bearish Scenario: A break below $110 could accelerate losses, leading to a retest of $80 support.
Key Watchpoint: Reaction at $140 resistance—a rejection here could indicate another leg down, while a strong breakout could confirm further bullish momentum.
ATOMUSDT Nearing a Breakdown – More Pain Ahead?Yello, Paradisers! Is ATOMUSD gearing up for a deeper decline, or can the bulls pull off a breakout reversal? The latest price action suggests a major move is coming let’s break it down.
💎#ATOMUSDT remains in a strong downtrend, repeatedly rejecting from the key resistance trendline and the 200 EMA. The latest attempt to break above the supply zone $4.445 was firmly rejected, reinforcing bearish control. Sellers continue to dominate, keeping the price below the $4.445 supply zone, making ATOM vulnerable to further downside. Until this level is reclaimed, the trend remains bearish.
💎The next key downside target is the $3.740 support zone, where a temporary relief bounce could occur. However, if selling pressure persists, ATOM could drop further toward the $3.482 major support, a historically strong buying area.
💎For the bulls to regain control, #ATOM must break above $4.445 and push beyond the 200 EMA near $4.80. However, a true trend reversal will only be confirmed if ATOM closes above $5.90, invalidating the bearish setup.
Stay patient, Paradisers! The market rewards discipline. If we see confirmation, we take action. If not, we wait. Trade smart, not fast!
MyCryptoParadise
iFeel the success 🌴
AUDUSD BULLISH OR BEARISH ??? DETAILED ANALYSISAUDUSD is currently trading around 0.62900 and forming a **bearish flag pattern**, a well-known continuation pattern that suggests further downside momentum. After a sharp downward move, price action is consolidating within a parallel channel, indicating a potential breakdown. If the bearish flag confirms with a breakout below the support zone, we could see a strong move toward 0.60900.
Technically, the **0.62500 level acts as a critical support**, and a breakdown below it could accelerate selling pressure. The next key support zone aligns around 0.62000, followed by the ultimate target of 0.60900. Volume confirmation and a decisive close below the flag's lower boundary will strengthen the bearish outlook. Traders should watch for price rejection near resistance levels and any signs of increased selling pressure.
From a fundamental perspective, the **us dollar remains strong amid hawkish Federal Reserve policy**, while risk-off sentiment is weighing on the australian dollar. Factors such as weaker economic data from China, declining commodity prices, and lower demand for high-yielding currencies could further drive audusd lower. Additionally, expectations of **RBA's monetary policy stance** and global risk trends will play a crucial role in shaping the pair’s direction.
In conclusion, audusd is on the verge of breaking out of a **bearish flag pattern**, signaling potential downside movement toward 0.60900. Traders should stay alert for a confirmed breakout with strong bearish momentum, as this setup offers a high-probability trade opportunity.
Crypto Total Market Cap Excluding Top 10 (CRYPTOCAP:OTHERS)The Total Market Cap of altcoins (excluding top 10) is showing a promising setup at 171.08B. Here’s the breakdown:
Price has bounced off a long-term ascending trendline (red) that’s been in play since 2017 – a historically strong support.
We’re currently testing a key resistance around 171B (blue line), with a recent volume spike supporting the move.
A break above 171B could open the door for a push toward the next major resistance at 217.88B in the coming months.
On the downside, if this level rejects, watch for a retest of the trendline around 148B.
💡 Trading Idea: Look for a weekly close above 171B to confirm bullish momentum. Volume will be key – sustained buying pressure could signal a breakout.
Bitcoin Dominance (BTC.D) OutlookKey Support Holding Strong
Over the past six weeks, the 60% level on the BTC.D chart has acted as strong support, preventing further downside.
Bitcoin dominance now appears to be climbing, with a potential move toward the 66%-72% resistance zone in the coming weeks.
Potential Market Implications
A rise in BTC.D typically signals weakness in the altcoin market, as capital shifts away from riskier assets into Bitcoin.
If BTC.D reaches and rejects the 66%-72% resistance, it could trigger an altcoin recovery, similar to what happened in January 2021, when a rejection in this zone led to a massive altcoin rally.
Key Levels to Watch
Support: 60% (holding for 6 weeks)
Resistance: 66%-72% (historical rejection zone)
A break above 72% could suggest continued Bitcoin dominance, delaying any significant altcoin resurgence.
Conversely, a rejection at 66%-72% could mark the beginning of an altcoin season, as liquidity rotates back into alternative assets.
Conclusion
Short-term: BTC.D appears bullish, with altcoins under pressure as dominance climbs.
Mid-to-long term: The 66%-72% resistance zone will be pivotal—a rejection could reignite the altcoin market, while a breakout would strengthen Bitcoin’s dominance even further.
WHY GOLD IS BULLISH??? DETAILED TECHNICAL AND FUNDAMENTALSXAUUSD is currently trading at 2940 after successfully breaking out of a **bullish pennant** pattern, signaling a continuation of the upward trend. This breakout suggests a strong bullish wave is forming, with a target of 3000 in sight. The bullish pennant is a well-known pattern that occurs after a strong price surge, followed by consolidation before the next leg higher. With the breakout already confirmed, buyers could push gold toward new highs.
From a technical perspective, the breakout above the pennant’s resistance indicates growing bullish momentum. If xauusd sustains above 2930-2940, further upside movement is likely, with 2970 as the next key resistance before reaching 3000. Volume confirmation and a retest of the breakout zone could strengthen the bullish case. Traders should watch for price action signals, such as bullish candlestick formations, to confirm the continuation of the uptrend.
On the fundamental side, gold remains well-supported due to **global economic uncertainty, central bank gold purchases, and inflation concerns**. The Federal Reserve’s monetary policy decisions will also play a crucial role in xauusd’s next move. A weaker us dollar, lower bond yields, or increased risk-off sentiment could further drive demand for gold as a safe-haven asset, fueling the rally toward 3000 and beyond.
In summary, xauusd has completed a **bullish pennant breakout**, setting the stage for a strong push toward 3000. Traders should monitor key resistance levels and volume confirmations for potential buying opportunities. If the momentum sustains, gold could continue its bullish trajectory, offering a high-probability trade setup.