CELO/USDT is Preparing For a Bullish Momentum💎Yello Paradisers, tune in for a quick rundown on CELOUSDT! The asset has recently made a return to its demand zone and appears primed for an upward swing.
💎 A couple of days back, we pinpointed the 0.536 level as a crucial turning point. So far, the price has been holding steady at this juncture. Yet, given the current market volatility, it's wise to tread carefully.
💎 If the price loses its grip within the demand zone, view this as an optimal chance to take a short position down to the invalidation level.
💎 Stay sharp and trade wisely!
Cryptoanalysis
LTC: Support BreakoutLitecoin (LTC) technical analysis:
Trade setup : Following a bearish breakout from a Channel Down pattern, price has now also broken below $65 support zone, resuming its downtrend. That support area held up recently in August but also in March and Dec 2022, thus its significant sign of weakness to see that level broken. Price could revisit $50 support next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $65, which it broke, then $50. The nearest Resistance Zone is $75 (previous support), then $100.
XLM: Pullback in UptrendStellar (XLM) technical analysis:
Trade setup : Following a breakout from a Falling Wedge pattern, price spiked up to $0.19 where it got very overbought (RSI > 75) and traders took profits (selling pressure). Now it’s pulled back to support of $0.12, which could be a swing entry level. Fibonacci retracement levels are $0.12 (78.6%) and $0.13 (61.80%).
Trend : Neutral on Medium-Term basis and Uptrend on Short- 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 $0.12, then $0.10. The nearest Resistance Zone is $0.13, then $0.19.
ETH: Approaching SupportEthereum (ETH) technical analysis:
Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Now, price is again near support of $1,625, which could be a swing trade entry area, albeit a riskier trade setup since overall trend is down. Momentum turned bullish again (MACD crossover) and price could revisit $1,800 resistance area. If it breaks above 200-day MA ($1800), that could signal uptrend resumption.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $1,625, then $1,500. The nearest Resistance Zone is $1,800 (previous support), then $2,000 and $2,140.
SSV Ready to Go For Another Bull RUN? SSV Analysis Today 💎Paradisers, focus on SSV/USDT! The asset is currently navigating above a well-defined trading range and appears poised for a possible upward breakout.
💎If this breakout unfolds as we expect, we might see another bull rally to the mentioned levels.
💎It's crucial to highlight the two verified order blocks in the shorter timeframe. These zones are probable targets for the price, given the existing liquidity.
💎Reflecting on past trends, we've seen a transition from demand to supply, resulting in a significant price drop and targeting the previous Order Block (OB).
💎In the ever-changing crypto landscape, staying vigilant and adaptable is key. Keep your charts refreshed and stay tuned for more updates!
DOGE: Approaching SupportDogeCoin (DOGE) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached $0.085 for a 30% gain. Now it’s pulled back below 200-day moving average ($0.08) and below $0.07 support, giving up all of those prior gains. We wait for price to either 1) regain those key levels to confirm Uptrend, or 2) pull back to $0.053 support for a swing entry.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
KDA Getting Ready For Bullish Surge? Kadena Today Analysis 💎Yello, Paradisers, get ready for action! KDA/USDT is teetering on the edge of a bullish breakout, poised to escape its downward channel and kickstart an upward journey.
💎Recently, Kadena (KDA) has been gravitating around a crucial support area. With trading volume on the rise, we're optimistic about a forthcoming bullish swing.
💎After initially setting equal highs, the price took a notable nosedive, signaling a shift in market sentiment and prolonging its bearish course.
💎However, bullish indicators are starting to resurface, and we expect the KDA to aim for the looming supply zone soon.
💎A word of caution, If the price breaks below the support amid market fluctuations, gear up for a potential bearish continuation.
💎Stay tuned for more real-time updates and trading insights!
AAVE: Channel Down BreakoutAAVE (AAVE) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern. Price is now retesting that breakout but if successful, it could revisit $65 resistance (upside potential). Overall trend is down, therefore, this a trend reversal trade setup, which is a higher risk trade than continuation patterns.
Pattern : Price was trading in a Channel Down pattern. 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 : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $65 (previous support), then $80.
FXS/USDT Planning for a Possible Rally | FXS Analysis 💎 Paradisers, brace yourselves! FXS/USDT seems poised for a bullish breakout, potentially tearing away from its downward trajectory to spark a notable ascent.
💎 Recently, this asset has been lingering near a crucial support threshold. With an uptick in trading volume, we're optimistic about a forthcoming bullish transition.
💎 After marking consistent highs, the price underwent a marked decline, signaling a shift in market sentiment and prolonging its bearish journey.
💎 However, bullish indicators are starting to resurface, and we project the price will soon approach the looming supply zone.
💎 A word of caution: If the price plunges beneath the support amidst market unpredictability, gear up for a potential bearish swing.
💎 Stay engaged for further insights!
Solana- Steep falling wedge, but bulls need confirmationSince the high of the year above 30, SolUsdt started to drop and lost 30% of its value.
Now the coin is sitting on 20usd support and, considering yesterday's bullish engulfing and the steep falling wedge, it could reverse.
However, a clear confirmation comes only with the price above 22, in which instance, a rise to the 30 zone high becomes very probable.
PERL is Getting Ready For a Potential Upward Move💎Yello Paradisers, fasten your seatbelts! PERL/USDT is on the cusp of a bullish surge, potentially breaking free from its descending trendline to ignite an upward rally.
💎Lately, the asset has been hovering around a pivotal support zone. Coupled with a rise in trading volume, we're bullish about an imminent upward shift.
💎After initially establishing equal highs, the price experienced a significant downturn, indicating a change in market dynamics and extending its bearish path.
💎Nevertheless, signs of bullish momentum are re-emerging, and we anticipate the price will target the overhead supply zone shortly.
💎Heads up: If the PERL dips below the support level in the face of market volatility, be prepared for a possible bearish turn.
💎Stay in the loop for more exciting updates and Analysis! 🌟
SHIB: Support BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Ascending Triangle, price reached $0.0000115 and looked like it entered a new Uptrend. However, price pulled back and broke below $0.000008 support, which is where the prior bullish breakout occurred. This opens up downside risk back to $0.0000055.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.0000080, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
LEVER/USDT Ready For Bullish Movement? LeverFi Analysis💎Yello Paradisers, need your attention! LEVER/USDT is currently maneuvering within a trading zone, laying the groundwork for a likely bullish surge.
💎A handful of days ago, it skillfully engaged with a bearish Order Block (OB), setting off on a downward path to tackle the bullish OB and secure buying liquidity.
💎If the price maintains its existing drive, it's set to aim for the supply zone above. However, let's not lose sight of the constant market fluctuations that could sway the price.
💎We're optimistic about the chances of the price revisiting the supply zone, given the residual liquidity.
💎Keep your charts updated and stay tuned for more insights! 🌴
REEF/USDT Potential Bullish Move? REEF Analysis Today 💎Paradisers, heads up! REEFUSDT is on the move, having recently emerged from a triangle channel and now cruising within a demand zone. We're optimistic about a potential bullish climb.
💎In recent days, REEF has been confined to a particular bracket. Earlier, it encountered a ceiling at the bearish order block near the $0.001404 mark. With its current upward drive, it seems poised to test that barrier again.
💎Be watchful of the supply zone and the bearish order block identified on extended time frames; these are likely targets in the near term.
💎If, however, the REEF dips beneath the demand zone and crucial support, brace for a possible descent.
💎Stay sharp and stay tuned for further insights! 🌴
MKR: Pullback in UptrendMaker (MKR) technical analysis:
Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High (sign of Uptrend). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350. Maker is a well established DeFi platform with real users and revenues, which forms a solid foundation for investors looking to trade it.
Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800, and $600 – $700. The nearest Resistance Zone is $1,350.
BCH/USDT is Ready For Bullish Rally | Bitcoin Cash Analysis💎Yello Paradisers! Get ready for an exhilarating journey with BCHUSDT. Right now, it's comfortably positioned in a demand zone, hinting at a potential bullish surge.
💎Currently, BCH is holding onto a crucial support level, moving within a specified boundary. A bearish order block has posed some challenges within this territory.
💎The momentum seems to be building, and there's a strong chance the price will break through the order block, aiming for the above supply zone.
💎However, if the bears take control and the price drops beneath the support, it might pave the way for a prime shorting scenario.
💎Stay tuned for more strategic trading insights from us! 🌴
RUNE/USDT is Ready For a Potential Correction | RUNE Analysis💎Paradisers, turn your attention to RUNE/USDT. Currently, it's meandering within a falling channel, and we're on high alert for a possible downward breakout in the near future.
💎If this breakout unfolds as we expect, prepare for a swift corrective movement.
💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the THORChain (RUNE), considering the liquidity present there.
💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB).
💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates! 🌴
SHIB: Approaching SupportShiba Inu (SHIB) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
XMR: Support BreakoutMonero (XMR) technical analysis:
Trade setup : After getting rejected at $170 two- or three times (Double or Triple Top pattern), price broke below $150 support and could revisit $132 support next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $132. The nearest Resistance Zone is $150 (previous support), then $170, and $187.
AXS/USDT Bullish Move Ahead? | AXS Analysis Today💎 Yello Paradisers! Strap in for a thrilling ride with AXSUSDT. It's currently nestled in a demand zone and is primed for a bullish ascent.
💎 At this moment, the asset is maintaining a pivotal support level and oscillating within a defined range. It has encountered some headwinds in the form of a bearish order block within this zone.
💎 The momentum is gathering steam, and there's a high likelihood that the price will shatter the order block to reach new heights.
💎On the flip side, if sellers gain the upper hand and the price dips below the support, it could open up an excellent shorting opportunity.
💎 Stay engaged for more savvy trading insights!
AAVE: Channel Down BreakoutAAVE (AAVE) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern. Price could revisit $65 resistance. Overall trend is down, therefore, this a trend reversal trade setup, which is a higher risk trade than continuation patterns.
Pattern : Price was trading in a Channel Down pattern. 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 : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $65 (previous support), then $80.
AAVE/USDT is Likely Ready for Another Correction | AAVE Analysis💎Paradisers, let's focus on AAVE/USDT for a moment. It's currently navigating within a descending channel, and gearing up for a potential downward breakout soon.
💎If the breakout materializes as anticipated, it's likely to set off a rapid corrective phase.
💎 The dual confirmed order blocks on the shorter timeframe are worth noting. These are likely targets for the price, given the existing liquidity in those areas.
💎In past action, we observed a shift from demand to supply, leading to a notable decline in price and aiming for the prior Order Block (OB).
💎As always in the fast-paced crypto world, staying alert and adaptable is crucial. Keep your charts updated and stay tuned for more insights! 🌴
AGIX Ready For Bullish Rally? | AGIX Analysis Today💎Paradisers, brace yourselves for an exciting venture! AGIX/USDT is currently positioned in a demand zone and is on the brink of breaking free from its descending channel.
💎Not too long ago, we noticed multiple rejections from a supply zone that housed a bearish Order Block (OB).
💎Another key observation is the nearing end of the descending channel, hinting at a potential upward breach.
💎At present, the price is in a tight consolidation phase, and we're optimistic about an imminent breakout from the descending channel, which could propel AGIX upward.
💎However, keep an eye on the critical invalidation zone at the $0.170 level; breaching this could trigger a downward shift.
💎Stay tuned and trade smart, Paradisers! 🌴