BITCOIN - Price can fall to support level and then bounce upHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price made upward impulse to $59100 level, which coincided with support area and soon broke this level.
Also, BTC started to move up in rising channel, where it reached resistance line, after which made correction movement.
After this, price made upward impulse to resistance line of channel, breaking $66800 level, but soon fell.
Bitcoin exited from channel and entered to triangle, in which BTC backed up to $66800 level, which coincided with support area.
A not long time ago, price exited from triangle and rose higher last ATH, but now it trades near support area.
Possibly, BTC can fall to support level, after which it turns around and starts to grow to $72000 level.
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USDT-D
FTMUSDT.1DBased on the given market data, the FTM/USDT pair is currently trading at a price of 0.79 USDT. The Relative Strength Index (RSI) on the 4-hour, daily, and weekly charts suggest that the pair is somewhat overbought, with the RSI values being 63.11, 82.59, and 78.46 respectively. An RSI above 70 usually indicates overbought conditions, suggesting a potential price correction in the future.
The Moving Average Convergence Divergence (MACD) on the 4-hour, daily and weekly charts are positive, indicating bullish momentum in the short, medium, and long term. However, as the RSI is high, the bullish momentum may slow down or reverse due to potential overbuying.
The Bollinger Bands (Bb) on the 4-hour and daily charts are 0.85, suggesting that the pair is trading near the upper band, another sign of overbuying. However, on the weekly chart, the Bb is 1.010, which is above the current price, indicating that there may be room for upward movement.
The support levels on the 4-hour, daily, and weekly charts are 0.63, 0.68, and 0.59 respectively, which could provide a safety net if the price starts to fall. The resistance levels on the 4-hour, daily, and weekly charts are 0.95, 1.113, and 1.11 respectively, indicating potential targets for the price to reach if the bullish momentum continues.
In conclusion, while there are bullish signs for FTM/USDT in the short, medium, and long term, the overbought conditions suggest caution. It may be wise to wait for a potential price correction before considering a long position. However, if the price breaks the resistance levels, it could potentially continue its upward trend. Please note that this analysis is based on the current market data and does not take into account potential future events or changes in market conditions. Always do your own research and consider your risk tolerance before making investment decisions.
BNBUSDT.1DBased on the market data provided, BNB (Binance Coin) is currently trading at 485 USDT.
In the short term (4h chart), the RSI (Relative Strength Index) is at 75.27, which is considered to be in the overbought territory. This could indicate that a correction or a slight pullback might be in the offing. The MACD (Moving Average Convergence Divergence) is at 17.5, which suggests a bullish trend. The Bollinger Bands (BB) are at 495.0, with BNB trading below the upper band, indicating less overbought conditions.
The immediate supports for BNB in the short term are at 459.0, 426.0, and 406.0 USDT, while the resistances are at 495.0, 502.0, and 518.0 USDT.
In the medium term (1d chart), the RSI is at 78.0, which also indicates overbought conditions. The MACD is at 31.6, suggesting a bullish trend. The Bollinger Bands are at 495.0, again with BNB trading below the upper band.
The medium-term supports for BNB are at 397.0, 351.0, and 336.0 USDT, whereas the resistances are at 509.0, 543.0, and 575.0 USDT.
In the long term (7d chart), the RSI is at 86.19, indicating heavily overbought conditions. The MACD is at 44.5, suggesting a strong bullish trend. The Bollinger Bands are at 495.0, with BNB trading below the upper band.
The long-term supports for BNB are at 329.0, 300.0, and 210.0 USDT, whereas the resistances are at 509.0, 614.0, and 695.0 USDT.
In conclusion, BNB appears to be in a strong uptrend, but the overbought conditions indicated by the RSI in all time frames suggest that a pullback or correction is possible. It's important to watch the support and resistance levels for potential breakout or bounce. As always, it's recommended to keep an eye on market news and use proper risk management strategies when trading.
HelenP. I Ripple can break resistance level and rise to $0.6665Hi folks today I'm prepared for you Ripple analytics. Some time ago price rose to the support level, which coincided with the support zone, and in a short time broke it, after which it made retest. Then the price rebounded from this level and tried to rise, but soon Ripple turned around and made an impulse down to the trend line. Soon, XRP turned around and continued to rise to the 0.6380 resistance level, which coincided with the resistance zone and even entered to this zone. Later XRP fell below this zone, but soon it in a short time backed up and even rose to 0.6685 points, after which the price turned around and made a strong impulse down to the trend line, thereby breaking the 0.6380 level again. As well soon, XRP broke the trend line and declined lower support zone with a 0.5600 level, after which it turned around and soon rose higher 0.5600 level. Then price rose to the resistance level, but recently it rebounded and now trades close to this level. For my mind, Ripple will reach this level again, break it, and make retest, after which the price can continue to move up to the trend line. For this case, I set my target at the 0.6665 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
DOTs awakeningLooking at the history of this chart I can say with confidence that this is one of the worst charts I have ever seen. How the whales pumped and surpressed this coin to the ground is just mind-boggling. Technically Polkadot was in a bear market forever. Till now. It's actually about to break one of the hardest resistances since 1,5 years. After that it will create the right shoulder of a bigger inverse head & shoulder on higher timeframes and retest the massive key resistance range of 40-55$, break it and fly to new highs, expecting to fill the gap since birth and reach the final target of 200-380$ in wave 3.
🔥 SHIBA Bull-Flag: Patience For Break!Together with many memecoins, SHIB has seen a siginifficant bullish move lately. However, SHIB has been consolidating for a few days at this point.
In the process, a bull-flag pattern has been formed. For this signal we're going to wait for SHIB to break through the top of the pattern and place our stop below the most recent swing low.
Target at 7500. I don't think the memecoins have stopped, but are merely preparing for their next leg up.
Triple Growth Unlocked: RSI-SMA Crossover Dominates with 300%+Discover the trading strategy that's been the talk of YouTube: "RSI Strategy with SMA Smoothing" has turned the PEPE/USDT pair into a profit powerhouse on the 15-minute chart. It's not just about the signals; it's about seizing opportunities that others simply don't see.
Strategy at a Glance:
RSI Length: Tuned to 14 for the quick capture of momentum shifts.
SMA Length: At 16, for that perfect balance between responsiveness and reliability.
Upper Limit: A set marker at 72, our cue for locking in profits.
Lower Limit: The 40 mark, where buying signals are no longer just noise but actionable intel.
Starting Capital: We began at $1,000 USD and watched it soar.
This is where analysis meets action. The strategy recalibrates in real-time, delivering an impressive average profit of $143 per trade. Over two months, this approach didn't just perform; it dominated, with a total profit surge of 316%.
Performance Snapshot:
Total Gain: A staggering 316% increase in just two months.
Testing Period: Intense two-month trade fest.
Trade Pair: PEPE/USDT.
Timeframe: The 15-minute candle sweet spot.
In the 2024 markets, this strategy has been the trader's ace. It's built for those who aim to outpace, outmaneuver, and outprofit. Are you ready to elevate your trading game? Step into the winner's circle with a strategy that's proven its metal.
Past performance isn't indicative of future results. Trading involves risk. Always do your due diligence.
USDT.D Analysis: $ Dominance Dips, Opening Doors for Crypto?Hey traders,
Let's dive into Tether Dominance CRYPTOCAP:USDT.D and see what it might mean for the crypto market.
Channel Cracked:
USDT.D used to chill in a monthly channel for a while. But recently, it decided to break free, potentially paving the way for a continued decline in dollar dominance, reaching the next weekly resistance level.
RSI Bouncing Back (Maybe):
The Relative Strength Index (RSI) just stepped out of the oversold zone. This could signal a potential price bounce or a period of consolidation (think of it as the market taking a breather).
Crypto on the Rise?
As long as dollar dominance keeps falling, more money might flow into cryptocurrencies, potentially pushing their prices up.
Bitcoin's Buddies:
If this dollar decline happens alongside Bitcoin price fluctuations and a dip in its own dominance, we could see altcoins surge in an epic way!
The US Dollar Factor:
One big question mark: how will US policies affect the dollar's value and, in turn, crypto prices? Only time will tell.
Time to Take Profits?
If the RSI exits the oversold zone, it might be a good time to consider closing out your long positions (selling your crypto) or taking some profits off the table.
Remember:
This analysis is for educational purposes only, not financial advice. Do your own research and use proper risk management before making any trades.
🔥 FTM Cup & Handle Break Out Confirmed!Around three weeks ago I made an analysis on FTM where I discussed the pending break out of the cup & handle pattern.
As seen on the chart, the pattern has been successfully confirmed and a break out is currently underway. FTM is now trading at it's highest point in 22 months.
2$ is the target for now. If BTC will soon break through 70k with confidence, we might move the profit target to 3.45$ or even 5$.
FTM is going to fly.
Binance Coin can rise higher than resistance line and then fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some days ago started to rise in an upward channel, where it soon broke the 360 support level, which coincided with the buyer zone, and in a short time later reached the resistance line of the channel. After this price made the correction and then continued to rise in the channel to the current support level, which is located in the support area. In a short time, BNB broke this level too and soon reached the resistance line of the channel, but at once price turned around and exited of channel and then declined to the 400 level. After this movement, the price rebounded from this level and started to rise, but later it made a downward impulse to the 360 level. Soon, the price turned around and at once made a strong upward impulse back and even higher. So, at the moment, BNB trades very close to the resistance line, therefore I think Binance Coin can rise a little higher than the resistance line, after which the price will turn around and start to decline. For this case, I set my TP at - 420 points. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can reach ATH again and then start to fallHi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the trend line, after which it rebounded and rose to support 2, which coincided with the support zone. In the support zone, the price broke the trend line and later bounced from this zone to this line, breaking support 2. After this, BTC some time traded between the trend line, and at the last time price declined below this line, after which the price soon made a strong impulse up, higher than the trend line, breaking it one more time. Later BTC reached support 1, which coincided with the support zone, where it some time traded and then rebounded up to 68900 points, but soon price turned around and made an impulse down to the trend line. After this movement, the price in a short time rose back to the support zone and also soon rose higher. Now, the price continues to move up and for my mind, Bitcoin will reach ATH again and then it turn around and start to decline. So, for this thing, I set my target at the 61800 support level. If you like my analytics you may support me with your like/comment ❤️
🚧ALPHAUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
BINANCE:ALPHAUSDT
Today, I want to analyze ALPHA for you in a 3D time frame so that we can have a mid-term view of ALPHA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
ALPHAUSDT is going to test the top of channel & C&H on 3D timeframe🤔
Up we go if we do breakout.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- AB=CD
- Ascending Channel
- cup & handle
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$FDUSD is a financial illiquid scamCRYPTOCAP:FDUSD is a financial illiquid scam
FDUSD (First Digital USD) is a reserve-backed stablecoin issued by a subsidiary of First Digital Limited, a Hong Kong-headquartered financial firm. Let’s delve into the details:
FDUSD Overview:
Introduced in June 2023, FDUSD aims to be backed by one U.S. dollar or an equivalent value asset held in reserves.
The issuer, FD121 Limited, is a subsidiary of First Digital Limited.
First Digital Trust Limited, another subsidiary, acts as the appointed custodian for FDUSD reserves.
Reserves are held in segregated accounts, ensuring no commingling with other assets.
The goal is to maintain a 1:1 backing of FDUSD with cash or highly liquid assets.
Audited Reserves:
FDUSD provides an “attestation of reserve” report audited by independent auditors.
This report demonstrates that the supply of FDUSD in circulation is fully supported by an equivalent value of cash or cash equivalents held in custody.
While FDUSD aims for stability, there are inherent risks:
Illiquid Assets: FDUSD’s reserves can vary from highly liquid to nearly illiquid assets.
Issuer Risk: There’s a risk that the issuer may fail to uphold stablecoin features, including nominal value and timely redemption at par
THE REAL PRICE OF FDUSD AT THE CURRENT HOUR is 25 cents for each 1 dollar 25 cents for each 1 dollar, they are under collateralized.
THIS MEANS: 1 CRYPTOCAP:USDT = 4 CRYPTOCAP:FDUSD OR 1 CRYPTOCAP:FDUSD = 0.25 CRYPTOCAP:USDT
EXIT BINANCE, DUMP FDUSD, CALL POLICE!.
BTCUSDT.4HBased on the current market data for BTC/USDT, the current price is 67166.0 USDT. The 4-hour Relative Strength Index (RSI) is 63.44, which means the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) for the same period is 1043.74, indicating a bullish market.
The Bollinger Bands (Bb) for the 4-hour chart is at 69376.0, with the price currently below the upper band, indicating that it is not overbought. The immediate supports are at 65327.0, 61437.0, and 58473.0 USDT. The resistances are at 70115.0, 72800.0, and 74100.0 USDT.
On the daily chart, the RSI is 92.34, indicating an overbought market. This could suggest a potential price correction in the near future. The MACD is 4603.0, indicating a strong bullish market. The Bollinger Bands are at 69376.0, with the price above the upper band, indicating an overbought market. The supports are at 58473.0, 56799.0, and 51800.0 USDT. The resistances are at 72800.0, 74200.0, and 77200.0 USDT.
On the weekly chart, the RSI is 88.81, indicating an overbought market. The MACD is 6747.0, indicating a strong bullish market. The Bollinger Bands are at 69377.0, with the price above the upper band, indicating an overbought market. The supports are at 44680.0, 38700.0, and 31800.0 USDT. The resistances are at 80770.0, 91500.0, and 98400.0 USDT.
In conclusion, the market is strongly bullish across all time frames. However, the high RSI values suggest that BTC is overbought, especially on the daily and weekly charts, and may experience a price correction in the near future. Therefore, it might be a good idea to take profits or set stop losses to protect against a possible downturn. It's important to keep monitoring the market closely.
ETHEREUM - Price can bounce down from resistance level to $3565Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once declined to support line, after which bounced and continued to rise.
Soon, price reached $3200 level, which coincided with support zone and broke it, after which ETH made retest.
Then price rose to resistance line of channel, but at once fell to support line and then bounced up to $3820 level.
After this movement, ETH at once made strong downward impulse to $3200 level, but in a short time back up.
Also soon, price broke $3820 level, which coincided with resistance area, but at the moment ETH trades in this area.
I think Ethereum can bounce from resistance level and start to decline to $3565
If this post is useful to you, you can support me with like/boost and advice in comments❤️
🔥 Bitcoin's New All-Time High Dump: Temporary Or Not?Two days ago I made an analysis on my expectation of Bitcoin's short-term price action, based on historical price action at the moment a new all-time high has been made.
My most likely scenario was a new ATH, followed by a dump towards the first yellow area of support. This has now occured, together with an hourly oversold reading on the RSI.
Experienced traders spotted an opportunity, and BTC rose over 13% in a matter of hours.
For now, my most likely scenario would be 1-2 weeks of consolidation between 60k and 69k. It seems like a small area on the chart, but it's still 15%. Alts could dump as much as 30% during a retest of the bottom yellow support, so be careful with leverage.
Keep in mind that a move towards the second support is still in the cards. Not very likely, but it's still a risk. Consequentially it would be an amazing area for long-term entries.
It's now a matter of exhausting the bears until there are no more sellers left. Once there are no more sellers left I expect a strong break out with high volume, which will be the start of a new era of price discovery.
Bitcoin can make little movement up and then start to fallHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago long time traded between the support level, which is located in the buyer zone. But last time, it turned around and started to move up in an upward channel, breaking at once the 51600 support level. In the channel, BTC in a short time rose to the resistance line from the support line and even a little higher, reached the 64000 level, but soon price fell back to the channel and a few time traded below this level. Later BTC broke the 64000 support level and rose to the resistance line of the upward channel, but it at once fell back, after which it tried to back up to the resistance line and when it rose to this line again BTC made a downward impulse to support line of channel, thereby breaking 64000 support level. After this movement, the price rebounded from the support line and soon reached the current support level again, after which in a short time it broke this level and at the moment, Bitcoin continues to grow. In this case, I think BTC can rise a little to 68800 - 69000 points, and then start to decline to 64000 support level. For this reason, I set my target at this level. Please share this idea with your friends and click Boost 🚀
🔥 LUNA Revenge: Back To Former GloryLet me preface that this trade is very risky and not likely to hit it's target. Risk=reward. You can potentially 126x your entry amount, so compare it with a lottery ticket.
LUNA has broken out of a 1.5 year bearish channel pattern, which dominated the trend after the collapse back in May of 2022.
This trade is based on the idea that LUNA will, miraculously, go back to it's former highs by the power of short-squeezes and memes.
Wait for the price to reach above 1.3$ to confirm a longer-term trend shift. Stop below the recent swing-low.