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BELUSDT → Triangle breakout and retest of trend resistance BELUSDT shows chic bullish dynamics on the background of red falling bitcoin. BEL is currently one of the few coins that feels good enough for the medium term. In the background of the bearish wedge, the price makes numerous retests to the trend resistance and at the same time the cryptocurrency pair begins to form a consolidation, which takes the shape of the pattern "Triangle". We observe a triangle breakout and another retest of wedge resistance. If the price manages to break the boundary, BEL / Tether will show great growth of 60% and 120% respectively! The moving averages act as support, the price is in the risk zone between the two key boundaries. Triangle pattern realization is forming. Strong support: earlier broken resistance of the pattern; support 0.6580 Strong resistance: downward wedge resistance, 0.8284 I expect that the bulls will be able to consolidate above the triangle and finally break the wedge resistance with the subsequent growth to 1.2790 and to 1.7676 Regards R. Linda!
Long
by RLinda
14
WAVESUSDT → The price comes out of the wedge. Expect impulseWAVESUSDT makes a retest of the strong support area of 1.500 and breaks the resistance of the descending wedge. This set-up, if positive, could strongly reverse the market. The price tests the liquidity of the support area and forms a rebound from the 1.500 level. In phase two, the price breaks the wedge resistance and is in a consolidation format. A local resistance of 1.669 is forming on the junior timeframe. If the bulls can overcome this resistance zone, an impulse may form, which will only push the price after exiting the wedge. The moving averages act as resistance. The price might soon test the MA-50. Strong support: the descending boundary of the wedge, level 1.500 Strong resistance: 1.669, 1.800, 2.350 I expect consolidation above the level of 1.500 and breakout of 1.669 with further growth of the price to 2.350, then to 5.000 Sincerely R. Linda!
WLong
by RLinda
20
FLOWUSDT → Breakthrough of the wedge resistanceFLOWUSDT forms the bottom in the area of 0.742. After numerous attempts to break the trend resistance, the price breaks it. A consolidation is forming, which could push the price up. The level of 0.742 is a key support at the moment. The task of the bulls is to keep the price above this area. For a long time we have been seeing a downtrend with numerous attempts to break resistance. For the last month, the price has been forming a decrease in volatility and moving into a consolidation phase. The cryptocurrency pair was accumulating potential to break the resistance, which in the near future, if the local resistance areas are broken, may start the phase of realization of the accumulated energy. The moving averages act as resistance. Strong support: the previously broken wedge boundary, the level of 0.742. Strong resistance: 0.800, MA-50, MA-200, 1.000 I expect the bulls will be able to hold the support level, the price will exit the local consolidation and continue to strengthen towards 1.000, 1.8000 Regards R.Linda!
Long
by RLinda
14
BTCUSD → H&S has not yet given a proper reaction. Range 28-26K$Bitcoin is trading between 0.382 Fibonacci levels and the key liquidity area of 28000. The H&S pattern without a proper reaction could confuse the market. What to expect from the price? In practice and statistically, the strongest moves occur after a false breakdown. The set-up H&S made a false break of the ascending channel, the pattern base is broken, but the price is consolidating above the strong support from the W1 timeframe - 2654. If the bulls hold this level, the price will start to break the reversal set-up. The cryptocurrency flagship is consolidating between the Fibonacci levels of 0.382 and 0.236. A break-up of the upper boundary will return the price to green zone and thereby the price will get a good potential for further strengthening towards 30,000, but a break-down of the lower boundary of the range will send the price to the retest of 0.5 Fibo and a strong support level from the weekly timeframe 25053, which will make the whole market nervous The way I see it, the correction in bitcoin is reasonable and after the strong rally we should have expected this kind of reaction. From the point of view of technical analysis, the asset should gather the necessary liquidity for a further move in one direction or the other. Fundamental factors: There is an increasing level of fear of further declines in bitcoin Lightning network has entered into a partnership with chainalysis and TRM Labs, allowing it to control all payments through the said network Cryptominer Marathon Digital and Brink will raise $1 million to support BTC developers BTC mining complexity continues to break records The number and volume of large BTC transactions continues to grow. The current halving cycle in bitcoin is 76% complete I think that the correction with the average probability can continue up to the level of 25400 - 25053, but if the price overcomes the area of 28000, the growth will start earlier. Since we see bullish dynamics on the global timeframes and overcoming the strong resistance zones, after the correction and rest, the growth may resume. Regards R. Linda!
BITSTAMP:BTCUSD
by RLinda
19
ADAUSDT → Support retest and false break of the 200SMAADAUSDT for more than two weeks is in the correction phase and makes a retest of the uptrend support. There is a probability of price strengthening. The price tests the trend support and also makes a false break of the strong moving average - 200-day. Bitcoin is beginning to recover and if the flagship continues its strengthening, the cryptocurrency market will follow. Earlier, we saw a break of the global trend. At the moment, there is a possibility of a false break of the uptrend channel support, after which a bullish momentum in the direction of the trend can be formed. Strong support: 0.3530, 200SMA, lower boundary of the trend. Strong resistance: 0.3970, 0.4040 I expect a rebound or a false breakdown of the uptrend support, followed by recovery towards the trend resistance. Regards R.Linda!
Long
by RLinda
15