USDT.DDominance Tether has reached a strong support range, although this range has widened and we can expect to reach the bottom of the range.
Cryptocurency
BTCUSDTThis pattern has been seen far in the market... the decrease in volume at the end of the upward trend... the daily candle closed as a doji, indicating the equality of buyers and sellers... we will probably move to 24300 again and see unloading and correction be precious
ANKRUSDTPERPAfter this currency reaches the resistance zone, if the resistance breaks, you can enter a long position, and after seeing the reversal candlestick pattern, you can enter a short position.
BTCUSDTFollowing the previous analysis, the publication of the most important economic data of America, which showed the existence of inflationary stagnation in the economy, made traders optimistic about reducing the contractionary policies of the Federal Reserve in order to balance supply and demand, and this caused the demand in risky markets such as crypto and bitcoin with momentum. A strong rise and contrary to expectations, with the words of the Fed, it was able to return to the ceiling of the ascending channel and the resistance range of 23600 to 24300, and as we can see in the chart, it still recorded a higher floor. If this momentum could cross the resistance of 24300, we could expect to reach We have higher areas up to the range of 28400.
Due to the closing of the markets from tomorrow and the decrease in the volume of market transactions, if this movement does not succeed in breaking the resistance area, we can expect to stay in the same resistance area and with the filling within the time, we can expect the price to decrease to the area of 22800. Depending on the type of movement, the continuation of the route is a Chinese scenario.
BCHUSDTPERPAccording to the profit step formed in this width and reaching the resistance areas, which shows this growth as a correction for the previous fall, price correction is expected in these areas.
BTCUSDTAccording to the previous analysis, Bitcoin is pulling back to the midline of the ascending channel in the range of 21500 to 21700 after breaking its main support areas, and on the other hand, it is facing the middle resistances of the fork and the 1-hour trend line, and since it has been able to more than from 50% of the previous rising wave, it is more likely to continue the downward trend to the bottom of the channel around the psychological range of 20000, which is symmetrical with the main middle line of the fork, but considering the return from the 0.618 Fibonacci level, if it crosses the 21700 resistance range Its main level is 23,000, and upon its failure, the confirmation of the start of the upward rally up to the range of 28,400 is issued.
Today, the main economic data is the announcement of the interest rate increase for the fifth time in 2022, which increases or decreases the rate 8 times a year.
According to most experts, this rate increase will be 0.75% and will bring the interest rate to 2.5%, and as it is clear in the interest rate graph, 2.5 is the interest rate ceiling in 2019, but if the Federal Reserve Like the European Union, there is a surprise on the way and it increases the interest rate by 1%, this resistance has been broken and it can grow up to the previous ceiling of 5% that happened in 2006-2007 (that is, technically at this level? 😁)
On the other hand, yesterday's economic data, which was the index of consumer confidence and the sale of newly built houses, was significantly lower than the previous period and the expectations of experts (it should be noted that Mr. Biden, who these days has improved the good behavior of the locksmith 😜), it was announced that this data shows a decrease There is a strong demand in the market, and this can be the factor influencing the further increase of the interest rate by the Federal Reserve, because the main determining factors in the American economy are data, not leadership and oversight, and the Federal Reserve and the government operate independently.
With these words, in general, it is more likely that the market will continue to fall, although we are in the most difficult market conditions and new data can affect the market conditions at any moment.
TOTALThe total index, which indicates the total value of the crypto market, lost the 1 trillion dollar index again, which was considered psychological support, and if the candle closes this week, the next support will be 750B, which is parallel to the weekly trend line and the static price action area. .
To see the previous analysis of the total index, pay attention to the previous replies of this post.
UNIUSDTPERPAfter the failure of the support zone in this currency, a pullback and price drop is expected, and it seems to be an attractive position for a sell position.
SNXUSDTPERPWith the formation of a strong downward wave, it seems to form a base drop and the price will continue to fall
BTCUSDTFollowing the previous analysis, due to the closing of the market yesterday and today, we have seen a not so noticeable strengthening of the buyers in the support of 22000, which is only a psychological support, and since a significant volume (at least until today) has not been recorded, this candle cannot be used to continue moving. Ascending was known as a trigger, by observing Bitcoin in the 12-hour time frame after the price reached 24000, after retesting that price area, it had a heavy rejection, and as it can be seen from the last 12-hour candlestick, the last three candlesticks have not been able to produce even one last falling candlestick. Therefore, we expect to see the price rejection again from 23000 to the area of 21500 to 21700.
On the other hand, we see the formation of a flag pattern, the condition for its activation is a break with high volume in the area of 23000, which according to the conditions of the last few candles, a very low probability for this break can be considered.
All in all, considering the very important inflation data and the interest rate announcement, we should expect an exciting week for all markets, because just as the Euro zone interest rate announcement was beyond the market's expectations, the announcement of a 1% increase in the interest rate could be a surprise for the Federal Reserve. It is for the market, which experienced a good growth last week due to the incorrect reading of the inflation statistics by Biden and may have created an opportunity to vent.
USDT.DDominance Tether in the weekly time frame has obviously taken the second ascending step faster than the first ascending step, and the weekly candle that closes until tomorrow is being rejected and created and is rising, and this means that the power in the weekly time frame is still in the hands of the sellers of the crypto market. Is.
ETCUSDTPERPWith the shortening of the ascending steps and the increasing slope of the descending steps, we are probably nearing the end of the upward trend in this currency, but to confirm entry into the short position, we need the presence of stronger sellers, which can be achieved by creating a lower ceiling or a higher ceiling with upward momentum. Weaker and confirmation of the appropriate candle to form.
NEARUSDTPERPSince when the price reaches its daily resistance, the price is shortening the upward steps and strengthening the downward steps.
ETHUSDTPERPDue to the creation of lower floors and ceilings in the recent steps of movement, with the price coming below the current candle, we can imagine the continuation of the fall for this currency.
UNIUSDTPERPDue to the creation of lower floors and ceilings in the recent steps of movement, with the price coming below the current candle, we can imagine the continuation of the fall for this currency.
ADA/USD: Weekly Outlook AnalysisCardano still in this bearish trend that could to reach down to $0.24 cents as possible good point to start accumulate this cryptocurrency by long term. But I believe that we could to see ADA around $0.24 cents in the end of this bear market.
Right now, Cardano it's above in the support #1: $0.41 cents and important key zone to watch, in case that Cardano get a break of this support, we could to see that the price can to move to $0.19 cents, but my realistic price could be $0.24 cents.
But now, if you want to buy Cardano, wait for $0.24 cents. Because I plan to re-buy Cardano.
I hope that this idea support you!!!
NEARUSDTPERPAs it is clear in the chart, after the price reaches the resistance zone, which is the resistance zone related to the daily time frame, which is shown in yellow color, after the price is rejected from this zone, it is expected to work as a price cushion by creating a pattern. suitable for Kandli to create a good position for the position of shorts
TRXUSDTPERPAfter the sharp fall of the price in this width, we have witnessed the formation of a very strong resistance in the area of 0.07. This time, the price has formed a head and shoulder pattern by rejecting from this area. Pullback broke into the trend line and continued to fall, but in case of further fall without pullback, the 0.064 area can be considered as an important support area, and if it is lost, lower prices are considered for this.
SRMUSDTAfter a profitable movement, the price formed downward steps and by reaching the daily resistance, it formed a harmonic pattern, and according to the pin bar pattern formed under this resistance, it can be suitable for a short position.
SRMUSDTPERPThe rising wedge pattern is completed and we can expect the area of volume density to drop
SANDUSDTPERPAs shown in the chart, the price is being rejected when it reaches the ceiling of the triangle pattern and the area of volume density. If the price can break this area, it can grow as much as the triangle pattern. Otherwise, expect the price to fall and hit the bottom of the triangle. And the price continues to fall
GTCUSDTPERPAs can be seen in the price chart, it has reached its dynamic and static resistance, and an upward break or a downward rejection can create a good position for this currency.
AVAXUSDTPERPWhen the price reaches the resistance zone and completes the upward movement of its previous wave, we can expect a reversal pattern and a short position
