Very good and deadly bounce in #tether #USDT dominance chart#USDTd 's bullish flag played out and dangerously targeting higher which devastates #altcoins #btc #eth all #crypto
Not financial advice.
Usdt
USDT dominance analysis in daily time frame
Due to the lack of price action area in the price ceiling of Bitcoin, I am forced to do dominance analysis to check the behavior of the market
The green areas are my main support area for the start of sharp upward movement for Dominance, and the price action patterns at the ceiling of the Dominance number indicate for me the registration of new ETH in Dominance.
For now, the good days of the market are over
Ripple can reach resistance level and try to break itHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago broke the resistance level, which coincided with the seller zone, and started to decline inside the downward channel, where it soon fell to the support line of the channel. Later price tried to rise, but failed and declined to the current resistance level, which coincided with the resistance area, after which it turned around and started to move up in an upward channel, thereby exiting from the past channel. In the upward channel, XRP rose to the 0.6275 resistance level and even entered to seller zone, but at once turned around and rebounded down to the support line, where it some time traded near and later made a strong downward impulse. Ripple exited from the upward channel and declined to 0.5620 level, but a not long time ago it broke this level too and even fell lower resistance area. Also recently, XRP turned around and rose almost to the resistance area, and now, in my opinion, Ripple can rise to the resistance level, after which it makes little correction. After correction movement, XRP can try to break the 0.5620 level, and if the price breaks this level, Ripple will continue to move up, therefore I set my target at the 0.5840 level. Please share this idea with your friends and click Boost 🚀
Ethereum can exit from pennant and decline to 3370 pointsHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price a not long time ago traded near the resistance level, which coincided with the seller zone and soon broke this level and rose a little higher but soon turned around and in a short time declined to the support level, breaking 3550 level again. After this, the price even declined lower support level to the buyer zone, but soon backed up, thereby making a fake breakout and starting to trades in range. In the range, ETH reached top part, after which turned around and declined to the buyer zone one more time, where the price reached the support line of the upward pennant, and then Ethereum made a strong impulse up. After this movement, the price exited from range and soon reached the resistance level, which broke soon too. Next, ETH reached the resistance line of the pennant and then started to decline. In a short time price fell to almost the support line, but then it turned around and rose back to the resistance line of the pennant. But recently, ETH broke the resistance level one more time and declined to the support line of the pennant back. So, now, I think Ethereum can rise to the resistance line and then rebound down the lower support line of the pennant, thereby exiting from this pattern. For this case, I set my target at the 3370 level. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can break resistance line and rise to $70900Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price broke support level, which coincided with support area, and later started to rise in wedge.
In this pattern, BTC quickly rose to resistance line, thereby breaking $70900 level, but then price turned around.
Soon, price broke $70900 one more time and exited from wedge, after which it fell lower $62600 level.
Later Bitcoin bounced up from support line and rose to $70900 level, where some time traded and then little decline.
After this, price rose to resistance area, breaking resistance line, but recently BTC made downward impulse.
Now, price trades below support line and I think Bitcoin can fall little and then continue to rise to $70900 level, breaking this line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
🔥 Bitcoin Dominance Break Out! Watch Your Alts 🚨As of this week, the Bitcoin Dominance (BTC.D) has broken out of a 6-month consolidation period. This means that money is flowing out of altcoins into Bitcoin again.
It's difficult to predict how high BTC.D will go, but I think we can make a an educated guess by looking at the diagonal purple resistance.
Historically, bull-markets (especially for alts) started at the red arrows. Remains to be seen if it will happen again.
For now, alts are likely going to lose value against Bitcoin, especially during dumps like yesterday. Start looking to buy alts again after BTC.D hits the top resistance.
money talkz - $#@!it walkz UPDATE USDT.DHi!
A lil update, we can see a Mr.T now - looks like will see uptrend for BTC.D, TOTAL2
correction and target for wave C will be updated leyta :)
CRV - Don't waste the opportunity! Howdy fellas!
What an opportunity on alts this evening!
Outstanding!
I hope some of you guys took advantage, because smart money buys here.
Trade thirsty, my friends!
head and Shoulders completed on TIA $9.66Head & Shoulders on TIA completed
$9.66✅
Do we see a bounce soon, maybe
HelenP. I Bitcoin can decline from resistance zone to trend lineHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a not long time ago made impulse down to the trend line, breaking the support level, which coincided with the support zone, but soon BTC turned around and rose back, breaking the 65000 level again. Then price made a little correction and continued to move up to the resistance level, which coincided with the resistance zone, and when Bitcoin reached this level, it some time traded near the 71300 level. After this, the price made impulse down to the support level, which coincided with the trend line and at once bounced up, then continued to move up close to this line. Some time later BTC reached a resistance level and even rose higher it, but soon turned around and made impulse down, breaking the 71300 resistance level one more time. But a not long time ago price rose back to this level and now trades close. So, I expect that Bitcoin will enter to resistance zone, after which the price will rebound down to the trend line. That's why I set my target at the 68000 level. If you like my analytics you may support me with your like/comment ❤️
🔥 Bitcoin Halving Next Week! Sell The News Alarm 🚨Preface: I'm still bullish on Bitcoin. Long-term trend still is dominantly bullish. With this analysis I merely want to discuss a potential downwards move after the halving.
With the BTC halving approaching fast (time flies!), I'm becoming concerned that the market will actually treat the halving as a sell-the-news-event, rather than a buying one. The simple reason is that we've been moving up in a straight line from 25k to 70k without any meaningful dip in between.
In recent history, major Bitcoin news events (Coinbase IPO, Bitcoin spot ETF launch) have been sell-the-news-events. So why would the Halving be bullish?
By now, everyone is aware of the supply shock that follows the halving. Smart money bought in Q4 2022 and Q1 2023 in anticipation of this halving. Dumb money has waited until recently to buy in, leaving them open to a correction.
Furthermore, the weekly RSI remains extremely overbought with a value well above 80 points. It has to come down eventually one would think.
I remain long-term bullish. Even the short-term looks relatively good. However, we can't underestimate the markets ability to catch us off guard. Be wary over the next two weeks.
In case of a correction, I'm looking at the yellow area for a potential re-entry.
ETHEREUM - Price can continue to move up inside rising channelHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Some time ago price declined to resistance level, which coincided with resistance area and broke it.
ETH declined lower $3240 level, but soon rose higher, making fake breakout and starting to grow in channel.
Inside channel, ETH soon reached resistance line and at once bounced down to $3240 support level, after which bounced up.
Then price in a short time reached $3720 resistance level, but when ETH touched this level, it at once declined.
At the moment, price trades near this level and I think Ethereum can first make small correction.
After this, ETH can bounce up to $3865 resistance line of channel, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin can make small correction and then continue growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price recently rose to the resistance level, which coincided with the seller zone and even entered to this zone. However, it soon turned around and made a downward impulse lower the 66500 level, breaking it and the 71000 level too. After this, the price declined lower buyer zone, but later BTC turned around and started to move up in upward channel, where the price soon reached the 66500 level and broke it again. Then price in a short time rose to the channel's resistance line, after which it fell to the support level back, and then at once continued to move up. Soon, Bitcoin reached a resistance level, after which it broke it and soon exited from the channel, but then the price turned around and started to decline in a downward pennant. In this pattern, the price declined lower 71000 level, breaking it one more time, and soon fell to the support line of the pennant, after which BTC in a short time rose back to the resistance level. But a not long time ago, the price rolled down from this level and now trades close to the resistance level and line of the pennant. So, in my opinion, Bitcoin can fall to the support line and then bounce up to the seller zone, thereby exiting from the pennant and breaking the resistance level. After this, I also think BTC will continue to move up, therefore I set my target at 72200 points. Please share this idea with your friends and click Boost 🚀
BabyBonkWe all have seen the massive returns on bonk. Just like any other meme coin they are all a gamble. But they are also where big money can be made. Meme coins in general we will never be able to see as massive returns as meme coins can provide when everything is under complete control. I don’t invest a lot into meme coins as it’s not the SMART investment but they always have potential. Took some mined DOGE, and put it into baby bonk. If you have $50-$100 you don’t mind going nowhere or making you big money I think we could see baby bonk ramp up like bonk itself.—— total gamble but what is reward without risk?
We could see a minimum of many .0’s81515—-infinite
Good luck and have fun with it
Da PERPsWe could see perp push up to $3.7-$5 on this next move or get rejected around $1.9. But it has managed to hold easily above the 200ma and continues to climb even being rejected at $1.5.
Keep an eye on this one just looking at the risk/reward ratio we could see $1.50 end up being worth $20
Good luck and have fun with it
CKB - Weekly candle analysisBINANCE:CKBUSDT (1W CHART) Technical Analysis Update
CKB is currently trading at $0.02056 and showing overall bullish sentiment. Price has currently broke out from the resistance line and successfully retraced back to its support line.
After the retracement we are seeing price bounce back and heading towards the next resistance line. We have good long trade opportunity is here.
Entry level: $ 0.02058
Stop Loss Level: $ 0.013148
TakeProfit 1: $ 0.03565
TakeProfit 2: $ 0.04492
TakeProfit 3: $ 0.0966
Max Leverage: 3x or Spot
Don't forget to keep stop loss.
Follow us for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
BELUSDT 1D LONG📈Hi all. BEL has formed a triangle and is at support. I consider going long during a breakout/retest of a trend line. Marked goals and levels on the chart.
PERPUSDT.4HThe PERP/USDT 4-hour chart indicates a range-bound market, where the price is oscillating between the support at S2 and resistance at R1. The price recently rebounded from S2, suggesting that this level is acting as a strong support zone.
The RSI is quite elevated, nearing the overbought territory at around 73. This could signal that the price might be reaching a point of temporary exhaustion, and a pullback or consolidation might be due shortly.
The MACD is above the signal line and above zero, which is a bullish signal. However, the proximity to the signal line suggests that the bullish momentum could be losing strength.
The current price is approaching resistance level R1. If the price breaks above R1, it could signal a continuation of the uptrend with the next target being R2. Conversely, if the price fails to break R1 and reverses, the support level S2 may again be tested. A break below S2 could indicate a shift to a bearish trend.
In summary, as a trader, I would watch how the price reacts at R1. Given the RSI’s high level, I would be cautious of a potential pullback. A confirmed breakout above R1 could be a possible entry point, while a rejection at R1 could be a signal to anticipate a retracement.
UNFIUSDT.1DExamining the UNFI/USDT daily chart, the price appears to be in a downtrend, having established lower highs and lower lows, which is typically considered a bearish signal. Currently, the price is hovering slightly above the support level S1, which could be crucial for determining the next direction.
The Relative Strength Index (RSI) is below 50, suggesting that bearish momentum has been prevailing recently. This could mean that sellers are currently dominating the market, yet it is not in the oversold territory which would indicate extreme bearish sentiment.
The Moving Average Convergence Divergence (MACD) is below the signal line and below zero, which reinforces the bearish trend. However, the histogram suggests that the negative momentum is decreasing, which could precede a potential change in trend or a consolidation phase.
Should the price maintain above the support at S1, this might indicate that the market is not ready to push lower and could enter a consolidation phase or even attempt a recovery. If the price breaks below S1, it would likely confirm the bearish trend, potentially leading to further declines towards lower support levels.
On the flip side, any move back above the recent minor resistance level R1 could suggest a short-term bullish reversal. However, for a change in the overall trend, the price would need to make a higher high above the previous resistance levels, which are quite a distance away at R2 and R3.
In this market condition, as a trader, I would keep an eye on the S1 level for potential buying opportunities if the price shows signs of support, while also being prepared for a possible continuation of the downtrend if S1 does not hold.
BELUSDT.2HThis BEL/USDT chart on a 2-hour timeframe shows an asset in an uptrend, characterized by higher highs and higher lows, which is a bullish indicator. The price is currently between two key levels: support R1 and resistance R2, suggesting a degree of consolidation after a recent uptick.
The Relative Strength Index (RSI) is in the middle of the range, just over 50, indicating neither overbought nor oversold conditions. This neutral position implies that there might still be room for the price to move without immediate pressure from overextension.
The Moving Average Convergence Divergence (MACD) is slightly below the signal line, indicating a potential loss in momentum or a brief pullback. However, since the MACD is close to the baseline, this might also suggest that the price could stabilize or consolidate before the next move.
Considering the ascending trendline, as long as the price action respects this support, the bullish outlook remains intact. A breakdown below this trendline might necessitate a reassessment of the current trend.
I would watch the R1 level closely to see if the price establishes support there for potential bullish continuation. If the price breaks above R2, it would likely confirm an ongoing bullish trend, possibly opening up space for further price increases. Conversely, losing the R1 level as support might signal a short-term reversal or deeper retracement.
XRPUSDT.4HAnalyzing the XRP/USDT chart from a 4-hour timeframe, the market is currently in a consolidation phase, trading within a defined range marked by the support level S1 and resistance level R1. The horizontal channel pattern indicates indecision between buyers and sellers.
The RSI is just shy of the 60 mark, suggesting a slight bullish bias but not significant enough to confirm a strong upward trend. The market could be approaching a potential shift in momentum as the RSI is neither overbought nor oversold.
The MACD shows a narrowing gap with the signal line, implying a weakening of the current trend. The histogram reflects this indecision with minimal height bars, indicating the market could be poised for a breakout or breakdown.
If the price action can sustain above the S1 level, it might indicate an appetite for a retest of the resistance at R1. A breakout above R1 could signal the start of a new uptrend. Conversely, a fall below S1 may indicate a bearish move towards the lower end of the range or beyond.
In conclusion, as a trader, I would wait for a clear signal beyond this consolidation range before making any significant trading decisions. The current market condition calls for a cautious approach, with an eye on both the R1 and S1 levels for potential breakout or breakdown.
FUNUSDT.4HLooking at the technical analysis of the FUN/USDT chart on a 4-hour timeframe, we see a notable ascending channel pattern. The price action is creating higher lows, which is indicative of a bullish trend. The recent pullback from the resistance level (R1) suggests that the market is taking a breather before potentially testing higher levels again.
The Relative Strength Index (RSI) is hovering around 55, which is neither overbought nor oversold. This indicates that there’s room for the price to move in either direction without immediate pressure from momentum traders.
The Moving Average Convergence Divergence (MACD) is just above the signal line but showing a bearish crossover, signaling caution for buyers as there could be a potential change in trend or a slowing momentum.
If the price maintains above the support level (S1) and stays within the channel, I would consider it a healthy consolidation before a possible upward continuation. A breach below the support level (S3) would invalidate my bullish outlook, and I would look to reevaluate my position, possibly considering the next support (S2) as a potential area of interest. The dotted line towards the support (S2) suggests a potential fallback point if the bearish momentum continues.
In conclusion, my current stance is cautiously optimistic, monitoring for a hold above the S1 level for a continued uptrend, but ready to reassess if the price action suggests a breakdown of the current pattern.
HelenP. I After strong impulse up, Ethereum can fall to $3410Hi folks today I'm prepared for you Ethereum analytics. A not long time ago price declined to the resistance level, which coincided with the resistance zone, and soon broke this level. After this, ETH made a retest and in a short time declined to the support level, which coincided with the support zone and even lower, thereby breaking the 3235 level and reaching the trend line. Then price rebounded from this line and made impulse up, breaking the support level one more time, and started to trades in consolidation, where ETH at once made a correction. After correction, the price rose to the 3665 level, but at once rebounded and in a short time declined to the support level, breaking the trend line. Price some time traded near this level and then made a strong impulse up to the resistance zone, breaking the trend line, and resistance level and exiting from consolidation too. But a not long time ago Ethereum turned around and declined below the resistance level with the trend line, where at the moment it continued to trade near. For my mind, ETH will continue to decline, therefore I set my target at the 3410 level. If you like my analytics you may support me with your like/comment ❤️
