Cryptolevels
Ada is starting to moveThe vertical lines show important dates according to Gann
- The next date is expected to be January 23rd
The nearest support zone is $0.33. The chart is unlikely to reach that far.
The target prices are:
$0.39 - An 5% increase
$0.41 - An 11% increase
$0.45 - An 22% increase
$0.58 - A 57% increase
In summary, the chart shows a potential uptrend with target prices ranging from 5% to 57% above the current price of $0.37. The vertical lines indicate dates where interesting price action may occur. The nearest support level provides a basis from which an upward move may launch.
BTC, LTC Bearish ⛈️ ETH Slightly Bearish. Brace for Turbulence! Stormy conditions lie ahead for the global crypto market, including Bitcoin, Litecoin, Binance, and Polkadot. 🌩️ This translates into a very bearish market with some downside risk. Ethereum is an exception, facing a "slightly" bearish market with downside risk.
The mood among investors is somewhat pessimistic 😔 as May inflation figures remain way above the central banks' targets. This signals additional rate hikes. Uncertainty about the passing of the proposed debt ceiling deal through the US Congress also weighs on the mood.
Over a one-week horizon 📆 , Bitcoin is predicted to face a slightly bearish market with a downside risk, while XRP faces tropical conditions – 🌴 with an imminent market correction likely.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
Keep an eye on $ctxc/USDTSeems like getting ready to continue its uptrend testing trend line, if breakout expecting 60% to 70% move.
Kindly wait for breakout of the structure and target region marked
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BTC, ETH ⛅️ XRP: Seeking Clarity Amidst Market Uncertainty? 🌴🤔Cloudy weather with some sun ☁️🌞 lies ahead for the global crypto market, including Bitcoin and Ethereum, in the next 24 hours. This translates into a slightly bearish market with downside risk.
Tropical conditions – very bullish with some upside potential – prevail for Ripple and Uniswap. 🌴
The deal reached over the long weekend on raising the US debt ceiling left investors unmoved. So did the indirect consequence of the deal: the taxes proposed by the Democrats, including a 30 percent tax on crypto mining, are blocked.
Over a one-week horizon, cloudy weather ☁️🌞 with some sun for both major cryptocurrencies – Bitcoin and Ethereum. The outlook for Ripple is somewhat brighter signaling upside potential.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
Bitcoin (BTCUSD): Long Trade Explained ₿
Bitcoin broke and closed above a key daily resistance on Sunday.
The market is currently retesting the broken structure.
Analyzing the reaction to the underlined blue area, I spotted a tiny double bottom pattern on 1H time frame.
The price has successfully violated its neckline.
I recommend buying Bitcoin.
Goals: 28050 / 28400
❤️Please, support my work with like, thank you!❤️
BTC 40K !!! Breakout is about to happen and BTC may fly soon!Hello Everyone,
As you can see on the 2h chart, BTC is all set to give a breakout! The rally may lead BTC towards 32000 in the short term, and 40000 in the medium term!! I won't get surprised if BTC kisses 50000 again before 2023 ends!! Downside weakness is seen below 26000!!! But the current week's NFP data won't give any space, I guess!!
ETHEREUM - Bullish Falling Wedge 📈Hey Traders👋🏻
The ETHEREUM Price Reached a Strong Support Level ✔️
Currently, ETH formed a Falling Wedge ✔️
The Price Failed To Create New Lower Low📉
The Resistance Line of the wedge is Broken 🔥
So, I Expect a Bullish Move📈
i'm waiting for a retest...
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TARGET 1: 1992.81🎯
TARGET 2: 2097🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
BTCUSD: Needs Breakout Before PumpToday's relief rally to $28,500 needs confirmation on both sides before we can see the broader picture. BTCUSD is currently making lower highs in a distinctive consolidation pattern, with tremendous support at $26,600 and multiple (failed) attempts to create higher highs. Here are some of my observations for both the bulls and the bears and I'll leave it for you guys to discuss in the comments.
For the Bears: We need a lower high on the RSI before we can label this as a rejection off the red resistance line. A fall below $26,600 would make this rally a classic head and shoulders pattern, in which the price could potentially fall through the liquidity zone after its parabolic rise earlier this year.
For the Bulls:
The RSI has consistently been making higher lows since March 10th. This pattern is similar to the higher lows pattern that preceded January's liquidity pump after the FTX fallout, where BTCUSD rapidly rose up to meet the pre-fallout price levels. We would need a strong break through the red resistance line and a higher high to confirm that a macro rally has actually begun.
My verdict: if a pump to $29,000 or $30,000 is coming, I don't think it is in today's rally. The RSI has risen too quickly when compared to previous macro rallies, and the red structural resistance hasn't been broken through. Rather, I believe today was an influx of capital because a) the opening on Hong Kong / China to crypto once again and b) the tentative debt ceiling agreement reached by the US Congress. Be sure to keep an eye on the red resistance line, and also the volume profile at about 29K. I will enter long or enter short depending on future price action and confirmation, but for now I am neutral.
Is BTC getting ready for a rise?Based on the look of price action on the daily it looks like at least a temporary rise over the next 2-3+ days.
The fake break towards the down side out of consolidation and then the break back into and through structure upwards indicates very strong probability to the upside. Also i see there are many orders sitting around the 29000 - 30000 price levels which may definitely be of interest to market makers.
So any new guys or anybody with short term shorts around this level on lower charts than the daily please be careful and keep an eye on your positions as you could be swimming against the current.
The Fight For 26,749 Daily Zone 🐻 | Bitcoin ₿With 1 Day until the weekly candle close we can observe a currrent Doji candle forming.
& This is not particularly exciting for either side.
The Daily Candle closing in 2 hours appears to be closing at our 26,749 $ Daily S/R Zone. This is good for the Bears.
The Bulls are desperate for a strong close above here.
Even if the next daily candle goes up and closes up 1% we still would have + 1.5% to go to reach the weekly high at 27,500$.
I am still favoring the Bears as price has been moving down on the Higher timeframes in the medium term and that is likely to continue.
For Bulls if we can break and hold above 26,749 $ then we may see an easy move back up to our 4hr zone 27,250
Bitcoin -> Wait For The BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin recently perfectly retested and already rejected a quite nice previous weekly support zone which was turned resistance at the $30.000 level.
You can also see that weekly market structure and moving averages are still overall bullish, I am definitely waiting for a weekly retest of the next support zone at the $24.000 level and then I do expect more continuation towards the upside from there.
On the daily timeframe you can see that Bitcoin has been trading in a range for quite some time with support at the $26.000 area and resistance at the 27.400 area so I am now just waiting for a breakout towards the upside before I then do expect another daily bullish rally.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum -> Consolidation Before BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is approaching a quite nice previous weekly resistance area which is currently turned support exactly at the $1700 level.
You can also see that weekly moving averages and market structure is overall bullish, I am now just waiting for a retest of this level before I then do expect more continuation towards the upside.
On the daily timeframe you can also see that over the past couple of days Ethereum has been trading between support at the $1780 level and resistance at the $1855 level so I am now just waiting for a break above the resistance and then also the daily timeframe looks promising for a next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin & Ethereum: Sunny Outlook ⛅ Ripple & Cardano Shining? ☀️Sunny weather with a few scattered clouds lies ahead for the crypto space, including Bitcoin and Ethereum . The market sentiment is boosted by the Nasdaq's overnight rally and hopes of an imminent debt ceiling deal. This sets the stage for a slightly bullish market with upside potential in the next 24 hours. 🚀
But the spotlight today falls on Ripple and Cardano , as they bask in tropical conditions - very bullish with significant upside potential. 🌴🌟
Over a one-week horizon, cloudy weather with some sun for Bitcoin , which means a slightly bearish market with downside risk. The outlook is better for Ethereum, Ripple and Cardano : a slightly bullish market with upside potential.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
PEPE Long tradePEPE has formed a symmetrical triangle ,trade is straight forward here a break and close of a daily above it will signal a long, technical target of this triangle would be near the 1.618.
Bybit have leverage contracts on PEPE if you want to go full degen mode
contract has 100/100 score
Bitcoin is Creating Lower Highs but the Lows are Equal 🕵️Bitcoin is rejecting Higher Prices and creating Lower Highs. BTC is simultaneously holding a flat support level at 26,600 4Hr level as we can observe here.
Price is squeezing downwards but the bottom is remaining flat at our 26,600 4Hr level. Soon this pressure may burst up or down and I'd bet on more downside.
This Price action/Multi-timeframe analysis details a bearish market.
Bearish Market Structure has Lower Lows and Lower Highs.
Bullish market Strucutre has Higher Highs and Higher Lows.
The Weekly timeframe is printing multiple bear candles. We are also creating back to back descending wicks on the Daily timeframe. This denotes a market that is in momentum.
Looking for lower prices here. Will Update.
Safe Trading.
Keep an eye on $YGG/USDTKindly wait for breakout of the structure and target region marked
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update.
Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
KAVAUSDT is testing important levels, potential +10% from here
Hello Traders:)
Currently, the level of the top line of the Market profile from Monday is being tested. Previously, after breaking this level, KAVAUSDT exploded over 30% up. Currently, after returning and positively testing this level, I assume a return to at least the upper limits of the market profile from the previous days, which will give us at least 10% increase in KAVAUSDT. Negation of the scenario after breaking through today's lower limit of the market profile.
I wish you great trades!