USDT.DOMINANCE 1DAY CHART UPDATE !!USDT dominance is currently holding above the critical support level of 5.20%. A bounce from this level could lead to a retest of the 6.00% resistance, with a potential breakout targeting 7.00%. Conversely, a break below 5.20% might lead to a decline towards 4.56%. Traders should watch volume and RSI signals to gauge market sentiment and potential reversal points.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Usdt
HelenP. I Bitcoin can fall lower than trend line, breaking itHi folks today I'm prepared for you Bitcoin analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, and even broke this level and entered to resistance area. Then BTC some time traded near the 63900 level and then made upward movement, after which at once corrected back to the 63900 level. Next, the price repeated movement up to 70000 points, after which turned around and dropped lower than the 63900 level, breaking it. Then the price continued to decline and quickly fell to the support level, which coincided with the support zone and soon broke the 55000 level and fell to the trend line. After this movement, BTC turned around and started to grow near this line and later broke the 55000 level one more time, after which made a retest and continued to rise. A not long time ago BTC rose to 62800 points but recently started to decline, so, for this case, I expect that BTCUSDT will make movement up to almost the resistance level. Then it turns around and falls lower than the trend line, breaking it. That's why I set my goal at 57000 points. If you like my analytics you may support me with your like/comment ❤️
Bitcoin Reversal After Hitting Demand AreaIn my two most recent BTC analyses I talked about an ideal area for entry in case BTC reversed from the top yellow resistance of the channel it has been trading in for 6 months at this point.
As expected, the green area on the chart has functioned as a huge area of demand, right in between the supports (yellow and purple). The drop was a bit more steep than initially anticipated due to a big sell-off in the stock markets, but the reversal is here nevertheless.
At this moment it's still unclear whether BTC will find its way up all the way towards the top of the channel yet again. The daily shooting-star wick suggests that bulls took over in the short-term, however.
As mentioned in previous analyses, BTC is currently trading in a longer term grey zone. I'm bullish above the top yellow resistance and bearish below the bottom purple support. It's not the time for long-term longs or shorts, in my view.
Remember my last ETH analysis where I talked about the initial bearish shock after the spot ETF approval (we saw the same with the BTC spot ETF). If the BTC ETF is any indication, we will enter a long-term trend from here.
USDT Dominance Chart Update !!USDT Dominance Chart Update
USDT dominance has broken above the descending trendline.
The current level of 5.84% shows a slight pullback after reaching around 6.70%.
Immediate support is around 5.50%.
Long-term support is significantly lower at 4.56%.
The immediate resistance level is at 6.70%, which was recently tested.
Higher resistance is around 8.50%, which has not been seen since late 2022.
If USDT dominance can stay above the 5.50% support level and break the 6.70% resistance, it could target higher levels around 8.50%.
A break below 5.50% could lead to a decline towards long-term support at 4.56%.
Keep an eye on changes in volume to confirm the strength of the move.
Monitor the RSI for potential overbought or oversold conditions to identify reversal points.
USDT dominance is currently in a critical range. Traders should keep an eye out for a break above 6.70% for bullish continuation or a drop below 5.50% for further bearish action. The 5.50% and 4.56% levels are key support areas, while 6.70% and 8.50% are important resistance areas to keep an eye on.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
$USDT Dominance On The Rise = More Pain AheadBeen riding this trendline since March.
Well above the 200MA and Bull Market Support Band
Battling the .382 Fib today
I expect it to breakthrough and grab liquidity around the 6.50 region for a bit, then make its way back down to the trendline when rate cuts are announced September 18th.
Will then have to break that trendline to take the next leg in the bull market.
Remember, as CRYPTOCAP:USDT.D Falls CRYPTOCAP:BTC and Alts go higher.
BTCUSDT.1DIn my latest technical analysis of the Bitcoin (BTC/USDT) daily chart, I've identified several significant technical indicators and price levels that are crucial for understanding the potential future movements of Bitcoin. Notably, the Moving Average Convergence Divergence (MACD) shows a significant bearish divergence, as indicated by the substantial gap between the MACD line and the signal line. This suggests strong bearish momentum, which could mean further declines unless there's a positive crossover in the near future.
The Relative Strength Index (RSI) at 31.47 is hovering near the oversold territory, indicating that the selling pressure might be nearing its peak. An RSI below 30 typically suggests that the asset is oversold, which could potentially lead to a price rebound if buyers step back in.
Looking at the price action, Bitcoin has recently tested the support level at $49,565.4 (S1). This is a critical point; if it holds, it may serve as a springboard for a potential recovery towards resistance levels at $60,428.64 (R1) and possibly extending to $73,001.98 (R3) if a bullish trend resumes. The chart also depicts a scenario where Bitcoin might bounce between these levels, indicated by the green and red arrows representing potential bullish and bearish movements respectively.
However, it's crucial to consider that a break below the support at $49,565.4 could lead to a further drop towards the next significant support level at $38,706.45 (S2). Such a movement would likely confirm the continuation of the bearish trend, necessitating a cautious approach for traders.
In conclusion, Bitcoin's market is currently at a pivotal juncture. My strategy would involve closely monitoring the $49,565.4 support level. A confirmed bounce from this level could provide a buying opportunity, targeting the first resistance at $60,428.64. However, a break below this support would be a bearish signal, suggesting potential exits or short positions towards the lower support at $38,706.45. Traders should remain vigilant and responsive to price actions and key technical indicator signals.
MBLUSDT.1DIn my detailed analysis of the MBL/USDT chart, I've taken a close look at the daily timeframe to deduce the potential direction of the market. Notably, the Moving Average Convergence Divergence (MACD) is positioned just below the signal line and close to the zero line, indicating a slightly bearish momentum. However, the proximity to the zero line suggests that the market sentiment is not overwhelmingly bearish, and a reversal could be imminent if external factors come into play.
The Relative Strength Index (RSI) stands at 48.22, indicating a nearly neutral market with a slight tilt towards bearish territory. This level suggests that while there isn't extreme selling pressure, buyers have not taken full control either, creating a balanced yet tentative market condition.
The price has recently tested a key support level at $0.001755 (S1), and this level is crucial in determining the short-term market direction. If this support holds, it could act as a springboard for the price to potentially move towards the resistance levels identified at $0.003460 (R2) and $0.004283 (R3). Currently, the chart suggests a possible rebound towards these resistance levels, marked by the green arrows.
However, it's important to remain cautious. Should the support at $0.001755 fail to hold, the price could drop further, possibly testing lower historical supports. Given the current setup, my strategy would involve closely monitoring the $0.001755 level for potential buys, with stop-loss orders placed just below to manage risk effectively.
In summary, the MBL/USDT market is at a critical juncture, with potential for both a rebound and further declines. The key will be the market's ability to maintain above the current support level. A rebound above this level could offer a strategic entry point for a long position, targeting the aforementioned resistance levels.
ORDIUSDT.1DIn my latest technical analysis of the ORDI/USDT daily chart, several critical indicators and price movements offer a nuanced perspective on potential future price action. First and foremost, it's notable that the Moving Average Convergence Divergence (MACD) is displaying a bearish momentum, as indicated by the MACD line residing below the signal line. The separation between these lines suggests that the bearish trend could persist in the short term.
The Relative Strength Index (RSI) is currently at 34.12, nearing the oversold territory but not quite there yet. This suggests that while the selling pressure has been significant, there could be room for more downside before the market considers the asset truly oversold and due for a potential rebound.
Examining the price action, ORDI/USDT has experienced a notable decline, establishing a recent low at $17.57, which I am considering as the current critical support level (S1). Looking forward, if this support holds, it may act as a springboard for a price correction or consolidation phase. The resistance levels to watch are at $44.82 (R2) and initially at $17.57 (R1), which is now a pivotal point for any bullish recovery.
Given the current technical setup, I predict that if the price manages to stabilize and rebound from the S1 level at $17.57, we could see a movement towards R1. This would require a shift in market sentiment and potentially positive developments related to the asset itself. However, should the support at $17.57 fail to hold, it would likely lead to further declines, potentially testing even lower historical supports.
In conclusion, the ORDI/USDT market currently shows bearish tendencies with a close watch on the $17.57 support level. A break below this level could exacerbate the bearish sentiment, while stabilization and a bounce back could pave the way for a retest of higher price levels. Traders should remain cautious and monitor these key technical levels closely, adjusting their strategies based on confirmed price actions and indicator signals.
COSUSDT.1DIn my recent technical analysis of the COS/USDT daily chart, I've identified several crucial elements that suggest potential future movements. First and foremost, it's noticeable that the Ichimoku calculation has failed, suggesting a need to reapply or adjust this indicator for more accurate insights.
The Moving Average Convergence Divergence (MACD) is hovering near the zero line but below it, indicating a slight bearish momentum. The MACD line is very close to the signal line, showing a convergence that could suggest a potential change in trend if a crossover occurs.
The Relative Strength Index (RSI) is currently at 38.34, which indicates a bearish momentum but not yet in the oversold territory (below 30). This positioning suggests that while sellers have the upper hand, the market isn't extremely bearish, and a potential reversal could occur if external factors or market sentiment shifts.
Looking at the chart, COS/USDT has established a recent low at $0.003840, which is now acting as a critical support level (S1). The resistance to watch is at $0.009093 (R1). The green arrows depict a possible scenario where the price could rebound from the current levels towards the resistance if buying pressure increases. This potential upward movement could be triggered by positive market sentiment or bullish news specific to the token.
In conclusion, COS/USDT is currently in a delicate position where the next movement heavily depends on its ability to hold the support at $0.003885. Should it sustain this level, I anticipate a recovery attempt towards $0.009093. However, a break below this support could lead to further declines, testing lower historical support levels. Given the current technical setup, traders should remain vigilant and consider both protective stops and potential entries based on confirmation of trend reversal signals.
AIUSDT.4HAnalyzing the AI/USDT pair on the 4-hour timeframe, I've noticed several critical technical factors that need attention. Firstly, the Ichimoku indicator has failed, indicating a potential need to reapply or adjust it for clearer insights.
From the chart, the Relative Strength Index (RSI) stands at 42.41, suggesting that the price is neither in the oversold nor the overbought territory. This positioning shows a somewhat neutral market sentiment, but the trend leans slightly bearish given the position below the midline of 50.
The Moving Average Convergence Divergence (MACD) presents a converging scenario where the MACD line is very close to the signal line, indicating a potential change in momentum. The MACD histogram shows minimal separation between the two lines, emphasizing this close convergence and suggesting a possible upcoming trend reversal or stabilization.
Price action has recently breached a support level, now turning it into resistance (R1 at $0.652). The current price is testing support at $0.360 (S1). If this support holds, we might anticipate a corrective rally towards R1. However, a failure to hold above S1 could lead to further declines, potentially seeking lower support levels.
The chart shows a potential scenario where the price could bounce back to test R1, marked by the green arrows. This recovery would depend on positive market sentiment and increased buying pressure. However, given the current market conditions and indicators, traders should remain cautious and consider setting tight stop-losses to manage risks effectively.
In conclusion, the AI/USDT pair is at a critical juncture. The market shows potential for a recovery, but it's essential to monitor closely for any signs of a confirmed reversal or further decline. My strategy would involve watching for a solid close above S1 and a potential retest of R1, keeping an eye on the MACD and RSI for confirmation of momentum changes.
ETHUSDT.1DIn my analysis of the Ethereum (ETH/USDT) daily chart, I've identified key technical elements that are crucial for understanding the current market dynamics. Firstly, it's important to note the failure of the Ichimoku calculation, which may necessitate reapplication or adjustment for a clearer analysis.
The Moving Average Convergence Divergence (MACD) shows a strong bearish momentum, indicated by the significant separation between the MACD line and the signal line, with the histogram trending downward. This suggests that the selling pressure has been increasing, potentially leading to further declines if not reversed soon.
The Relative Strength Index (RSI) is currently at 37.42, which is below the midline of 50 but not yet in the oversold territory (below 30). This positioning indicates that while there is bearish momentum, there might be room for further downward movement before the market is technically considered oversold.
From the price action, we observe that ETH has recently broken below the support level at $3,043, now acting as resistance (R1). This breakdown could signal a continued bearish trend towards the next support level (S1) at $2,126.90. If this level fails to hold, the decline could extend further, potentially testing much lower supports.
For potential recovery scenarios, ETH would need to reclaim and stabilize above $3,043 to alleviate immediate bearish pressure. A move above this level could open the path towards the next resistance at $4,105.80 (R2). However, given the current market conditions indicated by the MACD and RSI, such a bullish reversal might require significant volume and positive market catalysts.
In conclusion, the current technical setup suggests caution for ETH traders, with an emphasis on monitoring the $2,126.90 support level closely. A break below this could lead to significant losses, while a recovery above $3,043 might signal a short-term bullish reversal. As always, it's crucial to consider external market factors and news that could influence price movements beyond what technical indicators alone can predict.
ARKMUSDT.1DFrom my recent analysis of the ARKM/USDT trading pair, I've identified several key technical aspects that shed light on potential future price movements. As we see in the chart, the Ichimoku indicator has failed, suggesting a need to reapply or adjust the settings for better clarity. However, the RSI and MACD provide us with useful insights.
The RSI, hovering around 27.42, is significantly under the threshold of 30, indicating an oversold condition. This often suggests a potential reversal or relief rally may be on the horizon, particularly if we see a divergence or move back above the oversold line.
The MACD shows a bearish momentum as the signal line is above the MACD line, and there is a noticeable gap between them, which has been widening. This typically suggests the price could continue to drop unless we see a crossover to the upside, which would indicate a potential change in trend.
Looking at the chart, I predict a short-term rebound, as indicated by the green arrows, with potential resistance (R1) at approximately $0.941 Should the price break past R1, we could see further upward movement towards R2 at $2.051. However, given the current bearish momentum, careful monitoring is needed to confirm these movements. Support level S1 at $0.388 remains critical; a drop below this level would be a significantly bearish signal, warranting reevaluation of holding positions.
In summary, the market appears oversold, suggesting a potential for some recovery. However, the prevailing bearish momentum could challenge this recovery, necessitating close monitoring of the key levels and indicators for confirmation of trend reversals or continuation.
Bitcoin can continue to decline inside downward channel to $58KHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price entered to the range, where it soon reached the 68300 resistance level, which coincided with the seller zone with the top part of the range and then started to decline. In a short time, the price fell to the bottom part of the range, which coincided with the current resistance level, and at once turned around and quickly rose to the 68300 level. Then BTC exited from range and even rose a little higher than the 68300 level, but soon made a correction below, after which in a short time rose back. Next, the price turned around and started to decline inside the downward channel, where firstly it broke the 68300 level and later declined to the 64000 level. Soon, BTC broke this level too and fell to the support line of the channel, but a not long time ago it rebounded and started to grow. So, in my opinion, BTC can make a small movement up and then continue to decline inside the downward channel. For this case, I set my TP at 58000 points, which coincides with the support line of the channel. Please share this idea with your friends and click Boost 🚀
BTCUSDT - Price can bounce up from support areaHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price reached resistance line, which coincided with resistance level, and at once bounced down.
Price fell to support area and then started to grow near support line, after which BTC rose back to $63800 level.
Next, price broke this level, entered to flat, where it later reached top part and then made correction.
After this, BTC rose to resistance line, after which turned around and made a strong downward impulse.
Bitcoin exited from flat and broke support line, breaking $63800 level, and recently made a fake breakout of $54700 level.
At the moment, I think price can bounce up from support area to $60000
If this post is useful to you, you can support me with like/boost and advice in comments❤️
USDT.D bearflag pattern?Hello everyone,
USDT.D is one of the most important charts that indicate the percentage of USDT in every trader's wallet.
Seeing its dominance go down surely indicates whether traders are buying crypto against it or people are swapping USDT for another stablecoin (which typically happens only in a crisis).
The USDT.D chart is now clearly forming a bear flag with a target of around 2%.
Whenever it breaks the lower border, it will give the market a huge pump and start a strong bull season. You should always keep an eye on USDT.D.
That's it!
Have a nice day.
SOLUSDT.1DReviewing the SOL/USDT chart, my focus turns to several key technical aspects that shape the current analysis:
Technical Analysis
Resistance and Support Levels (R1, R2, S1, S2, S3):
The price of SOL has retracted from its recent peak near the R2 level at $193.09 and is now approaching the significant support level at S1 ($116.96).
Resistance levels R1 and R2 at $164.23 and $193.09, respectively, mark the critical zones where previous rallies have faced selling pressure, reinforcing these levels as key barriers for any bullish reversal.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) shows a bearish momentum, as evidenced by the MACD line being below the signal line. The negative histogram further confirms the bearish sentiment, indicating that the selling pressure is not abating just yet.
RSI:
The Relative Strength Index (RSI) is nearing the oversold territory but hasn't reached it, suggesting that while there's bearish momentum, a potential reversal could occur if it dips into and rebounds from oversold conditions.
Conclusion
Given the current state of the SOL/USDT market, the approach is one of cautious observation. The nearing of the RSI to oversold levels coupled with the price's approach to support at S1 suggests a potential area where the market might stabilize or rebound. However, the bearish MACD indicates that any reversal could be short-lived unless there is a significant change in market dynamics.
For investors or traders, watching how the price behaves near the S1 level is crucial. A breakdown below this support could lead to further declines towards S2 ($93.66) and S3, whereas stabilization or a rebound could offer opportunities for short-term bullish trades. It's essential to wait for confirmation in the form of bullish candlestick patterns or divergences in the MACD and RSI to validate a potential reversal before considering long positions. As it stands, my strategy revolves around preparation for both scenarios, with a keen eye on the key technical indicators and price levels highlighted.
ALGOUSDT.1DExamining the ALGO/USDT chart, there are several crucial points to consider from a technical perspective:
Technical Analysis
Resistance and Support Levels (R1, R2, S1):
The ALGO/USDT trading pair is currently navigating through a challenging phase, having experienced significant pullbacks from its recent highs near the R2 level at $0.2336.
The price is oscillating around the R1 level at $0.1672, which now serves as a key resistance level. A decisive break above this level could signal a shift towards a bullish sentiment.
The chart indicates a critical support level at S1 ($0.0834). This support has been tested multiple times, suggesting it is a significant level for the pair.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) is below the signal line, reflecting ongoing bearish momentum. The widening gap between the MACD line and the signal line underpins this bearish outlook.
The histogram remains in the negative territory, which corroborates the strength of the prevailing bearish trend.
RSI:
The Relative Strength Index (RSI) is hovering just above the oversold territory, indicating that while there is bearish pressure, the market could be nearing a point of reversal if it enters and rebounds from oversold conditions.
Conclusion
The ALGO/USDT chart depicts a market currently under bearish control as evidenced by the resistance levels and MACD readings. The proximity of the price to the critical support at S1 suggests that this area could be pivotal. If the price sustains above S1, there might be potential for consolidation or a mild recovery, especially if the RSI shows signs of a turnaround from oversold conditions. On the other hand, a break below S1 could intensify selling pressures, potentially leading to new lows.
Given this analysis, my approach would involve closely monitoring the S1 level for any signs of a breach which would necessitate reassessing any long positions. Conversely, a rebound from this level could offer a strategic entry point for a short-term bullish trade, particularly if accompanied by positive divergences in MACD and RSI, signaling weakening downward momentum.
ACEUSDT.1DUpon closely examining the ACE/USDT chart, several important technical details can be observed that help in determining the current market condition and potential future movements:
Technical Analysis
Resistance and Support Levels (R1, R2, S1):
The ACE/USDT pair is currently under a significant bearish trend, having previously descended from a high that tested resistance level R1 at around $4.393.
The market has established a clear downtrend marked by the downward-sloping red line, indicating sustained selling pressure.
The current price is near a historical support level, S1. The response of the price at this level could be crucial for short-term direction.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) indicates a bearish momentum as the MACD line is below the signal line and continues to widen the gap, reinforcing the strength of the current downtrend.
The negative histogram values further validate the bearish sentiment prevalent in the market.
Zig Zag Indicator:
The Zig Zag pattern highlights the significant peaks and troughs, showing a clear downward trajectory. This pattern helps in identifying potential reversals or continuation of the trend.
Conclusion
The analysis of the ACE/USDT chart points to a bearish trend with critical support near the S1 level. Given the strength of the downward momentum indicated by the MACD, there is a high likelihood of continued bearish movement unless a significant reversal pattern emerges. Investors and traders should be cautious, as a break below the S1 level could lead to further declines. On the flip side, a bounce off this support might offer a short-term trading opportunity, albeit within a bearish context. Thus, monitoring the price action around S1 is imperative for those looking to trade based on technical signals. My strategy would involve preparing for potential downside but remaining alert for any signs of a bullish reversal, especially if other indicators begin to show divergences or if the price action suggests exhaustion of selling pressure.
ENSUSDT.1DUpon reviewing the ENS/USDT chart, several crucial insights can be gleaned from the technical setup:
Technical Analysis
Resistance and Support Levels (R1, S1, S2, S3):
The price recently retreated from the resistance level at R1 ($28.11), suggesting a lack of sufficient buying pressure to push through this barrier.
The first support level S1 ($10.86) might act as a critical juncture. If the price holds above this level, it could indicate a consolidation phase before a potential move upward. However, a break below this level could lead to further declines towards S2 ($6.72) and S3.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line below the signal line, indicating bearish momentum. This is further corroborated by the histogram, which is in negative territory, increasing the likelihood of continued downward pressure.
RSI:
The Relative Strength Index (RSI) is hovering around the 30 mark, nearing the oversold territory. This suggests that while the market sentiment is bearish, there might be a potential for a reversal if the index dips further into the oversold region and rebounds, signaling a possible exhaustion of selling pressure.
Conclusion
The current scenario in the ENS/USDT pair indicates a bearish trend with immediate support levels that will be crucial for determining future price action. The indicators suggest a cautious approach due to the bearish momentum illustrated by MACD and the near-oversold condition of the RSI. Investors should closely monitor the S1 level; a break below could exacerbate the bearish trend, whereas stabilization or a bounce from this level could provide a buying opportunity, particularly if other indicators suggest a shift in momentum. Given the current technical setup, my strategy would involve preparing for potential entry points if reversal signals appear at key support levels while maintaining readiness to adapt to a further downtrend if S1 is decisively breached.