KLAYUSDT → Pre-breakdown consolidation before growth by 100% BINANCE:KLAYUSDT is forming a local bullish trend, but globally the coin is lagging behind the cryptocurrency market and is still under bearish trend resistance.
A clearly formed bottom, a local bullish trend and pre-breakout consolidation against bearish trend resistance can play the role of important preconditions for a possible trend change and the market's transition into a bullish phase. In this case, a breakout of the 0.2550 - 0.2600 area may trigger volume growth with subsequent distribution towards the mentioned targets. Klay may start catching up with the market outperformance and capitalization, thus realizing the accumulated potential.
Resistance levels: 0.2541, 0.2568
Support levels: 0.2179
I expect a breakout and price exit beyond the bearish trend with subsequent growth to the above targets
BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2
Regards R. Linda!
Resistasnce
ADAUSDT → Cup with Handle before distribution BINANCE:ADAUSDT is forming a breakout of the key pattern resistance, but we have not seen a corresponding reaction yet. The price is updating the 6-month high, but we did not wait for the distribution. Hopes are fueled by the formation of the "Cup with handle" pattern and the Golden Cross of MA200 & MA50
A reversal pattern "Cup with handle" is forming in relation to the limit resistance area at 0.3807. A false break of resistance forms a correction and consolidation near the key area, which peculiarly reminds us of the key pattern
Fundamentally, the cryptocurrency market is mainly waiting for results regarding ETF applications that the SEC is reluctant to review. Approval of applications for spot ETFs will greatly increase the inflow of funds and market capitalization
On the chart, the support at 0.3529 - 0.3500 is important for us. Within the framework of the forming pattern and correction, the price may test this area with a false breakout, which will begin to form a bullish potential, because according to statistics, the strongest movements occur after a false breakout.
Resistance levels: 0.3807, 0.3850
Support levels: 0.3529, 0.3490
I expect a support retest before distribution. A strong impulse can start after the breakout of the locational downside resistance of the pattern "Cup with handle"
CRYPTOCAP:TOTAL COINBASE:BTCUSD
Regards R. Linda!
💱 CADJPY - An ascending triangle has been forming for a month CADJPY is gaining a strong resistance area of 108.000. Price continues to test the resistance in an ascending triangle format over the month.
TA on the high timeframe:
1) We see an interesting pattern: a limit resistance level in the 108.000 area and a gradual pushing of the price towards this area
2) Minimums that are not updated, but growing.
3) Buyers have their own plan and continue to retest the resistance area.
TA on the low timeframe:
1) The ascending triangle and frequent resistance level retests speak for themselves
2) The 108 level separates the market from a strong and sustained upward move.
3) Price may make a false breakdown of support and start testing the resistance area again.
Key support📉: rising line, 107.087
Key resistance📈: 108.123
💱CADJPY - We expect resistance retest CADJPY is forming a narrowing range. The outline of a triangle is being formed. The global trend is bullish and prioritizing price may break resistance
TA on the high timeframe:
1) 109-104 range is forming. False break of 104 sends price to 109
2) The liquidity area that the market is interested in is above 107.8, most likely price can reach this area
TA on the low timeframe:
1) Downside resistance and upside support is forming a narrowing consolidation that is beginning to form a symmetrical triangle.
2) Globally, the forces are tipped towards the buyers, hence the market under trend pressure may break the market resistance.
3) A rebound from support is formed and the market is directed towards 107-107.6
4) We are waiting for growth to the resistance as a priority
Key support: 105.85
Key resistance: 107, 107.6
