STMXUSDT.1DAnalyzing the daily chart of STMX/USDT, it's clear that the market has experienced significant volatility over the past year. The price has repeatedly tested resistance and support levels, indicating a battle between buyers and sellers.
Technical Analysis Observations:
Support and Resistance Levels (S1 and R1):
The support level at $0.00317 is crucial as it marks the low from the recent downtrend. If this level holds, it may serve as a springboard for a potential reversal.
The immediate resistance at $0.006591 poses a challenge for any upward movement. Breaking and sustaining above this level could signal a stronger recovery in price.
Trend Indicators:
The downward trend arrow indicates a prevailing bearish sentiment. However, the green arrow pointing upwards suggests a possible reversal if the market can sustain positive momentum.
RSI (Relative Strength Index):
The RSI is currently near the 30-40 range, indicating that the market is nearing oversold conditions. This could attract buyers looking for value, potentially aiding in a price reversal.
MACD (Moving Average Convergence Divergence):
The MACD histogram shows a decrease in bearish momentum, which could be a precursor to a bullish crossover in the MACD lines. This would further support the case for a potential bullish reversal.
Conclusion:
The STMX/USDT pair is at a critical juncture. The proximity to key support levels, combined with indicators suggesting a slowdown in bearish momentum, presents a potential for reversal. However, the resistance level at $0.006591 will be pivotal. A break and hold above this level could confirm a bullish trend reversal, while failure to overcome it might see the price retesting or breaking below support. As always, it's prudent to monitor the market for any changes in volume and price action that could affect this outlook. Investors should also consider macroeconomic factors and market sentiment, which play significant roles in cryptocurrency dynamics.
Usdt
Bitcoin can decline a little more and then make impulse upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price started to decline inside the downward channel, where it some times traded near the 64600 resistance level, which is located inside the seller zone, and later bounced up to the channel's resistance line. After this movement, BTC rebounded from the resistance line and quickly fell lower than the 64600 level, breaking it, after which some time traded below this level and then dropped to the support line of the channel, which coincided with the current resistance level with the resistance area. Then the price started to grow and in a short time rose to the resistance line of the downward channel and left it, after which tried to grow more, but failed and quickly declined to the 59100 level. Also recently, the price broke this level, and made a retest, and at the moment, the price felling lower even than the resistance area. In my opinion, BTC can decline to 56k points, after which the price will turn around and make a strong upward movement to the resistance level. Then it can break resistance level and continue to move up, so, that's why I set my TP at 61000 points. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can continue to decline to $50K pointsHi folks today I'm prepared for you Bitcoin analytics. Some time ago price entered to consolidation, where it at once rebounded from resistance 1, which coincided with the resistance zone, and started to grow to resistance 2, which is the top part of the range. After the price reached this part, it little declined and some time traded near, after which backed up to resistance 2 and started to decline near the trend line. Bitcoin in a short time declined to resistance 1 and made a fake breakout, after which turned around and rebounded up, thereby breaking the trend line. But soon, the price turned around and made a strong impulse down, thereby exiting from consolidation and breaking resistance 1 with the trend line again. Just now, BTC continues to decline, so, I expect that BTCUSDT will make a small movement up to the trend line, but not reach it, after which turn around and continue to decline. Therefore I set my goal at 50000 points. If you like my analytics you may support me with your like/comment ❤️
Bitcoin (BTC): Fist Target Reached - Waiting For 200EMA to BreakNow that our first target has been achieved nicely, we are looking for another movement here, which is a test to 200 EMA (potentially breaking it and moving to $50K zones).
First, what we are looking for is the re-test of the broken 100EMA, which should happen this week. After most indicators stabilize (RSI + Bollinger Bands), we can start the test of the 200EMA, which is the next big zone that needs to be broken!
Swallow Team
Technical Analysis of Harmony ONE/USDTTechnical Analysis of Harmony ONE/USDT
Chart Patterns:
Falling Wedge: There is a prominent falling wedge pattern indicating a potential reversal. The price is nearing the apex of the wedge, suggesting an impending breakout.
Rectangle and Triangle: Within the larger pattern, there are smaller formations like a rectangle and a triangle that hint at periods of consolidation and breakout opportunities.
Support and Resistance Levels:
Immediate Support: Around 0.00863 USDT, as marked on the chart.
Immediate Resistance: Approximately at 0.01000 USDT.
Target Zones: Multiple target zones are marked, indicating potential price levels to watch for after a breakout. These zones range from 0.015 to 0.035 USDT.
Indicators:
VWMC Cipher B Divergences: Suggests potential bullish divergence, indicating a possible upward movement.
RSI (Relative Strength Index): Currently around 22.23, which is in the oversold territory, suggesting a potential upward correction.
Stochastic RSI: Also in the oversold territory, reinforcing the RSI signal.
Trading Plans
Intraday Trading
Entry Point: Look for a breakout above the immediate resistance at 0.01000 USDT. Confirm this with increasing volume.
Stop Loss: Place a stop loss just below the support level at 0.00863 USDT.
Target: Initial target at 0.015 USDT. Adjust stops to break even once the price reaches halfway to the target to secure profits.
Scalping
Entry Point: Enter trades at small retracements within the larger patterns. For example, when the price dips towards the lower boundary of the triangle or rectangle.
Stop Loss: Tight stop loss around 1-2% below the entry point to minimize losses.
Target: Small gains around 2-3% per trade. Exit positions quickly to lock in profits, considering the high volatility of scalping.
Swing Trading
Entry Point: Enter long positions at the lower boundary of the falling wedge pattern or on confirmation of a breakout above the wedge.
Stop Loss: Place a stop loss below the recent swing low, which is around 0.00863 USDT.
Target: Longer-term targets based on the marked target zones, aiming for 0.020 USDT and 0.025 USDT. Trail stops to protect profits as the price moves in favor.
Conclusion and Advice for Long Position
Given the current technical setup, Harmony ONE/USDT appears to be at a critical juncture. The falling wedge pattern combined with oversold indicators (RSI and Stochastic RSI) suggests a high probability of a bullish breakout.
Advice:
Patience is Key: Wait for confirmation of a breakout above 0.01000 USDT with strong volume before entering a long position.
Risk Management: Always use stop losses to protect against unexpected market moves.
Monitor Indicators: Keep an eye on RSI and Stochastic RSI for potential overbought signals as the price moves higher, indicating potential exit points.
Long-Term Position:
Consider building a long-term position if the price breaks and holds above 0.01000 USDT with significant volume, targeting higher resistance levels as marked on the chart.
This analysis provides a comprehensive approach to trading Harmony ONE/USDT across different strategies. Always adapt your trading plan based on real-time market conditions and updates.
Important USDT Dominance Update!The USDT Dominance is once again reaching out to test the resistance level.
As mentioned, USDT.D must stay below the 5.20% resistance level. A breakout and close above this will invalidate the market's ability to pump. On the other hand, a rejection will give room for the market to breathe.
There are 12 hours left for this daily candle to close, and the next daily candle must be rejected.
Trade safely.
Do your own research before investing.
Regards, Team Dexter.
#USDT
Bitcoin Bearish MACD Cross: Is The Cycle OVER?In this analysis I want to shed some light on the fact that the 2-week Bitcoin MACD is likely going to make a bearish cross soon.
Historically, a bearish MACD cross has ALWAYS signaled the end of the bull market (first two cycles are not on the chart, you can scroll back and look for yourself). I'm aware that 2021 was an outlier, but don't forget that all technicals peaked in 2020.
I've been bullish in the short- and mid-term, but there's more and more long-term indicators that are flashing red at the moment, this being one of them.
Not calling for a huge drop yet, but this signal is definitely one for the bearish.
Interested to hear your thoughts about this!
Bitcoin can make correction to support level and then bounce upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few moments ago entered to the range, where it some time traded near the resistance level, which coincided with the seller zone and then rebounded up to the top part of the range. After this movement, the price turned around and quickly declined to the 67600 level, and later broke it, thereby exiting from the range also and continuing to decline inside the downward channel. Inside the channel, the price fell until to the support level, which coincided with the buyer zone, and then made a fake breakout of this level, thereby exiting from the channel. After this, the price tried to grow, but soon turned around and fell back to the 60200 support level. But a not long time ago price turned around and started to grow, so, at the moment I think that BTC can make a correction to the support level again and then turn around and continue to grow. For this case, I set my TP at 65000 points. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can continue to grow to $67200 resistance levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price made an upward impulse from the support line, which coincided with the support level.
BTC broke $67200 level and little rose higher, after which it corrected this level and sometimes traded near.
After this, the price bounced and rose to $72000 points, after which it quickly declined to lower $72000 level.
Also, BTC broke the support line and continued to fall inside the pennant, where it fell until to support line.
Then price turned around and bounced up to the resistance line, and a not long time ago exited from this pattern.
Now, I think Bitcoin can little decline and then bounce up to $67200 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
USDT Dominance - When will the ALTseason begin?🌏 A new week, a new month, a new quarter, and even a new half-year start today, what a sacred day - Monday, July 01, 2024!)
And if you look at and believe the USDT Dominance chart, then in the coming days the vector of the crypto market by the end of 2024 may be decided.
1️⃣ Fix above 5.15% will mean the possibility of an increase to 6.30%-6.50%.
And for the altcoins, most of which are already lying below the floor, this could be natural selection and a death sentence.
2️⃣ Move of the USDT.D index towards 4.50% and below can give an alt-season - which many are waiting for, but few believe in it :)
Below the idea, vote on where you think the USDT.D will move in the near future.
And in the comments, write down the alt pairs you are interested in, and we will make new ideas for some of them
Spotting a Bull Flag Pattern in Wave Coin (But Stay Cautious)Wave Coin is currently showing a promising bull flag pattern on the chart. This pattern typically indicates a continuation of the previous uptrend, suggesting potential for further gains. However, it's important to stay cautious as the price could also fall if the pattern fails to hold. The consolidation phase within the flag gives a chance to enter the market before the next breakout, but be mindful of key support and resistance levels. Always use stop-loss orders to protect your position and trade wisely!"
SOLANA Bull-Flag Pattern: Massive Move Incoming?SOLANA has been trading inside this pennant for nearly 4 months at this point. Since the pennant is being formed at the end of a strong bullish trend, I'm treating this as a bull-flag pattern.
My anticipation is that SOL (and many other tokens) are currently preparing for their next leg up. See signal on the chart.
Key Resistance and Potential Decline in USDT Dominance!Key Resistance and Potential Decline in USDT Dominance
The chart shows a strong resistance level around 5.08%. USDT dominance has tested this level several times but hasn't been able to break through.
📉 Current Price Action:
USDT dominance is currently struggling to break past this resistance, shown by multiple rejection candles.
📈 Potential Movement:
If this resistance level holds, USDT dominance might drop towards the ascending support line. The chart suggests a possible decline, as shown by the black arrow.
🔻 Support Levels:
The ascending trendline below acts as strong support. If USDT dominance falls, it might bounce back from this level.
📊 Indicators:
The supertrend indicator on the chart shows a bearish trend.
🔍 Analysis Summary:
This analysis highlights the current resistance level for USDT dominance and the potential decline towards the support line. Keeping an eye on these levels can help anticipate market movements.
Stay tuned for more insights and detailed analysis!
Need to check if it can rise along the important trend lineHello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
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(1M LOG chart)
(1D chart)
You can see that money is flowing into the coin market.
-
For the coin market to continue its upward trend,
- Check if BTC dominance can fall below 55.01
- Check if USDT dominance can fall below 4.97
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(BTCUSDT 1D chart)
This volatility period is until June 25th.
Therefore, the key is whether it can rise along the important trend line.
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The upper section of the box of the HA-High indicator on the 1M chart is 59053.55-64K.
Therefore, the 59053.55-64K section corresponds to the support section.
Since the HA-Low indicator of the 1D chart is generated at the 62791.03 point, you can see that it is the time to buy depending on whether there is support.
Since the M-Signal indicator of the 1W chart is passing around 62791.03, you can see that the 59053.55-64K section is a meaningful section.
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It is highly likely that a full-scale uptrend will begin only when it rises above the section composed of the HA-High indicator (65.920.71) of the 1W chart and the HA-High indicator (67614.25) of the 1D chart.
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If it falls below 62791.03 and shows resistance, there is a possibility that a step-down downtrend will begin, so caution is required when trading.
However, if it falls along the HA-Low indicator, it is highly likely that a bottom section will be formed, so you should keep in mind how to proceed with the purchase.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since it is thought that a new trend can be created in the overshooting section, it is necessary to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Ethereum Waiting For A Great EntryAs seen on the chart, ETH has been trading alongside two strong bullish supports over the course of the last two years.
Personally, I'm waiting for a better entry before considering a near-term long swing entry, trade is on the chart.
These supports have historically held strong, so chances are that they will continue to do so. Keeping the TP close to reduce risk.
A riskier bet would be to put the TP at 5.000, higher risk and also higher reward.
Bitcoin can rebound up from support line to 65500 pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the seller zone, which coincided with the resistance level and little rise, but soon turned around and started to decline inside the downward channel. Later BTC broke the 66900 level and fell to the support line of the channel, after which it turned around and rose to the resistance level. When the price reached this level it at once rebounded and continued to decline in the channel to the support level, which coincided with the buyer zone. After BTC reached this level, it exited from the downward channel, broke the 61100 level, and fell to the support line. After this movement, the price turned around and started to grow, and quickly reached the support level, broke it again, and rose a little more. But a not long time ago price made a correction to the support line and now BTC still trades near this line. For this case, I think the price can trades near the support line and little more time and then rebound up almost to the resistance level. So, that's why I set my TP at 65500 points. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can bounce up from support level to $64400Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it fell to $65900 level, which coincided with resistance area.
Soon, price broke this level and fell a little lower, but then BTC rose to the resistance area and then continued to fall.
Later BTC fell to $60600 level, made fake breakout, and exited from channel, after which started to grow in another channel.
Inside rising channel, price rose to resistance line and then bounced back to support level, after which continued to rise.
Now, price trades near support line of rising channel, and I think that BTC can make small correction.
After this, price will bounce up to $64400, which coincides with resistance line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️