ALICE/USDT Ready for a Bull Run? 🚀ALICE Analysis Today💎Paradisers, set your sights on ALICEUSDT! Currently nestled in a demand zone, it's teeming with potential.
💎Looking back, ALICE has faced resistance at the supply level thrice within a descending channel, resulting in a downward trend. As it now hovers within the demand zone, we're looking at two likely scenarios. First, if ALICE maintains its current momentum, it could very well take on the supply level once more.
💎However, if the momentum falters and the price drops beneath the demand zone, a slide towards a key support level seems probable.
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Cryptoanalysis
UNI: Channel Down BreakoutUniswap (UNI) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern could signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Conservative traders could wait for confirmation: price breaking above 200-day moving average ($5.00). Upside potential to $6.50 next. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the FTX fallout as more traders move to decentralized exchanges and non-custody trading solutions.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $4.00, then $3.65. The Nearest Resistance Zone is $4.75 (previous support), then $6.50.
CYBER/USDT Bullish Rally on the Horizon? 🚀👀 Cyber Analysis💎Yello, Paradisers! shift your gaze to CYBERUSDT! We've observed some intriguing price movements. Notably, there's a clear rejection from the bearish OB, hinting at the asset's potential trajectory.
💎In our recent assessment, CYBER has managed to break free from a downward trendline, aiming for an upward momentum. At this juncture, we foresee two potential outcomes:
💎The CyberConnect may experience a minor pullback, seeking bullish momentum from the support level at $6.03 to retest the bearish OB.
💎If CYBER struggles to maintain its position above the $6.03 demand threshold, it might lean on the underlying demand zone for bullish support. However, a descent below this marker could signal a bearish trend.
💎Always be on your toes and tailor your strategies with these possibilities in mind!
SNX: Resistance BreakoutTrade setup : Bullish breakout from Channel Down pattern and above $2.27 (200-day moving average) signals bullish trend reversal with upside to $2.60.
Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $1.90, then $1.60. The nearest Resistance Zone is $2.60, then $3.05, and $3.40.
MANA/USDT Had a Good Bull Rally | What's the Next Move? 💎Yello, Paradisers zoom in on MANAUSDT! It's currently tracing an ascending channel, suggesting a potential adjustment due to the looming supply zone.
💎Lately, Decentraland has maintained a steady climb within this upward channel. Yet, a shift or correction might be on the horizon. It's essential to highlight that MANA is navigating towards a crucial support mark at 0.3445.
💎Beyond this point, there's a distinct supply zone marked by an untouched OB. If MANA descends past the support, it's poised to gravitate towards the demand zone indicated on our chart.
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XRP: Ascending Triangle BreakoutRipple (XRP) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle pattern, above 200-day MA and $0.55 resistance, could signal resumption of uptrend with upside potential to $0.68.
Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.45. The nearest Resistance Zone is $0.55, then $0.68, and $0.92.
BTC: Overbought at ResistanceBitcoin (BTC) technical analysis:
Trade setup : Trends have reversed to Uptrend and price has surpassed our target of $32K. Now, price is getting very overbought (RSI ~ 80!) near $35K resistance and we could see some profit taking near-term, which is the reason for our Neutral rating. We’re looking for a pullback for another swing entry opportunity. Where could the price pull back to? Nearest Fibonacci retracement levels are BER:33K (23.6%) and $32K (38.80%). Previously, 1) price broke through the down trendline (blue line in chart), 2) broke above $28K resistance where it got rejected 2x, and 3) broke above 200-day moving average, and most recently 4) broke above $32K resistance.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $32K (previous resistance), then $30K. The nearest Resistance Zone is $35K.
STARL/USDT Ready for a Bullish Rally? STARL Analysis Today 💎Paradisers, gear up and take note of STARLUSDT's captivating movements, as it currently resides within a descending channel, signaling a potential ascent to challenge the higher resistance levels.
💎Recent analysis indicates its triumphant emergence from a descending channel, charting a path skyward. The primary anticipation is for the asset to target the supply zone at $0.00000550. If it breaks past this threshold, there's a strong inclination towards a surge to the resistance set at $0.00000794.
💎Conversely, should the asset falter in sustaining its momentum, a bullish revival as previously discussed remains probable. Yet, any descent below this point could redirect its course to a downward trend.
💎Refine your trading decisions for STARLINK with ParadiseFamilyVIP. Delve into expert insights on STARL and other potential coins, optimizing your crypto approach.
Bitcoin: Thoughts and Analysis Today's focus: Bitcoin
Pattern – Ascending Triangle Pattern
Support – 33,780
Resistance – 34,717 - 35,480
Hi, and thanks for checking out today's update. Today, we are looking at the Bitcoin on the daily chart.
Today's focus mainly focuses on the ascending triangle pattern we are seeing in the current up-leg. Could this set up a new breakout that retests the channel top and last week's high? We have laid out a few scenarios we are watching this week from price in its current pattern.
The two main thoughts are a new push higher. Or a pattern fail and a new push lower. Overall, we are remaining bullish due to last week's firm leg higher. If selling does develop, we will look for new higher lows to set up new continuations higher in the longer-term up leg.
Good trading.
EOS: Falling Wedge BreakoutTrade setup : Bullish breakout from Falling Wedge pattern, above $0.60 resistance, could signal bullish trend reversal, with upside to $0.80 thereafter.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.50. The nearest Resistance Zone is $0.60, which it broke, then $0.80, and $1.00.
RNDR: Overbought at ResistanceTrade setup : Trends have reversed to Uptrend. Price bounced up off of support at $1.30 and broke back above $1.70 resistance and above 200-day MA (~$1.78) to signal resumption of Uptrend. However, price is now very overbought (RSI > 80!) just as it approaches $2.50 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $1.70 (previous resistance), then $1.30. The nearest Resistance Zone is $2.50, then $2.90.
BTC: Overbought at ResistanceBitcoin (BTC) technical analysis:
Trade setup : Trends have reversed to Uptrend and price has surpassed our target of $32K. Now, price is getting very overbought (RSI > 80!) near $35K resistance and we could see some profit taking near-term, which is the reason for our Neutral rating. We’re looking for a pullback for another swing entry opportunity. Where could the price pull back to? Nearest Fibonacci retracement levels are BER:33K (23.6%) and $32K (38.80%). Previously, 1) price broke through the down trendline (blue line in chart), 2) broke above $28K resistance where it got rejected 2x, and 3) broke above 200-day moving average, and most recently 4) broke above $32K resistance.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $32K (previous resistance), then $30K. The nearest Resistance Zone is $35K.
MINA/USDT Ready for an Explosive Journey? MINA Analysis Today 💎Yello, Paradisers! focus on MINAUSDT! Its trajectory within the descending channel is nothing short of intriguing in the 1H timeframe. With evident buying momentum, it's poised for a potential upward swing.
💎In the last couple of days, Mina has been navigating this descending channel. After a recent touchpoint with the channel's lower boundary, it's reigniting its bullish momentum. There is a high probability that it will climb toward the projected resistance and supply zone.
💎Yet, caution is key. If MINA slips below the demand zone, it's highly probable it will retreat to the support for another evaluation.
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MBOX/USDT Likely to Go a Bull Ride? MBOX Analysis 💎 Yello, Paradisers! shift your focus to MBOXUSDT. It's currently charting a path within a trading channel, suggesting a potential bullish swing.
💎 For quite some time, MBOX has been maneuvering within this descending channel. The current dynamics hint at a possible ascent towards the Bearish OB and the overhead supply zone.
💎 As it stands in the demand zone, a breach past the .2655 threshold could bolster the bullish trend. While beginners might contemplate shorting around this level, it's wise to adopt a panoramic view.
💎 Conversely, if MBOX dips below the .2400 demand mark, it might be gearing up to touch a sturdier support zone. As always, keep a keen eye and plan your moves with foresight.
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Long trade setup for KNCUSDTFor the BINANCE:KNCUSDT.P Long Trade Setup, the following values are suitable for our interval trade:
Entry: 0.7213
Target: 0.7696
Stop: 0.6955
Cost Reduction: -
The profit is reasonable relative to the risk.
*This is not investment advice; you can lose money. Crypto AI Signals is not responsible for any trades. 🚫💰
DOGE: Overbought at ResistanceDogeCoin (DOGE) technical analysis:
Trade setup : Trends are mixed but improving. On the positive note, price has regained the $0.06 key level and rallied to $0.07 resistance area, which is also a 200-day moving average. Near-term, is very overbought (RSI > 75), so we could see some profit taking. Price really needs to break and stay above 200-day moving average ($0.07) to confirm an Uptrend.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070, which it broke, then $0.100.
ICP: Approaching ResistanceThe Internet Computer (ICP) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price has reached our target of $3.50. It is now overbought (RSI ~ 70) and could pause briefly. Trends are improving but price needs to break above the 200-day moving average (~$4.16) to confirm an Uptrend.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $2.87. The nearest Resistance Zone is $3.50, which it broke, then $4.50, and $5.00.
CELR/USDT Likely to Go for a Bullish Momentum | CELR Analysis💎Yello, Paradisers! shift your focus to CELRUSDT. It's currently charting its course within a descending channel and suggesting a potential bullish breakout.
💎For an extended period, CELR has been confined within this descending channel. The current dynamics suggest a potential move towards the Bearish OB and the overhead supply zone.
💎As it hovers in the demand zone, a breach past the .01304 threshold will amplify the chances of bullish momentum. While some novices might consider shorting at this point, it's wise to adopt a more holistic view.
💎Conversely, if the price dips beneath the .01250 demand point, there's an increased likelihood of revisiting a stronger support level. As always, it's essential to stay alert and plan your moves strategically.
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DOGE: Overbought at ResistanceDogeCoin (DOGE) technical analysis:
Trade setup : Trends are mixed but improving. On the positive note, price has regained the $0.06 key level and rallied to $0.07 resistance area, which is also a 200-day moving average. Near-term, it appears overbought (RSI > 70), so we could see some profit taking. Price really needs to break above 200-day moving average ($0.07) to confirm an Uptrend.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
APE/USDT Had an Explosive Bullish Run | What's Next?💎Yello, Paradisers! shift your focus to APEUSDT! It's currently positioned within a strategic trading zone, hinting at a potential adjustment due to the looming supply zone above.
💎In the past few days, APE has been charting its path within this trading channel. Indicators suggest a high probability of an impending correction. Importantly, APE has consistently maintained a significant resistance level at $1.306, facing rejections on two distinct instances.
💎Yet, there's an additional supply zone ahead with an untouched OB. If APE sustains its current bullish drive, it could approach the above supply zone and then go for a correction.
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INJ/USDT Ready for Bullish Momentum? INJ Analysis🚀 💎Yello Paradisers! Let’s dive deep into INJ! It’s evident that it’s maneuvering above a trading channel and is about to explode.
💎 A meticulous examination reveals a transition from demand to supply in INJUSDT, leading to a significant decline in price, touching the channel support.
💎 Rebounding from this support, the asset is rekindling its bullish momentum, targeting the surpassing of the supply zone. Fascinatingly, a breach of channel resistance could catapult us to the Extreme OB level.
💎 It’s also imperative to acknowledge that a breach below the 6.40 level could likely prompt a retest of the bullish OB level.
💎 Employ wise trading tactics and implement stringent stop-loss protocols
💎 Keep your senses tuned to market fluctuations and stay poised for more insights!
SAND/USDT Ready for an Epic Bullish Journey | SAND Analysis💎Paradisers, focus your attention on SANDUSDT as it presents an intriguing trajectory. Positioned within a demand zone, it has seemingly established buying liquidity and is primed for a potential bullish surge.
💎SAND has been navigating a descending channel formation for an extended period. Recently touching the channel's support, it's now reigniting its upward momentum, fueling confidence in its ability to move towards our projected resistance level.
💎Nonetheless, it's imperative to stay watchful. If the price breaches the demand zone, there's a strong possibility it will revert back to the support level for a retest.
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