The SHIBUSDT market is heating up! I am currently watching every move on the 4-hour chart where a Head and Shoulders pattern is becoming clear. This could be the moment when things will explode in a direction that only those who are quick enough will be able to catch. When this pattern completes and breaks, a major bearish move will be triggered. Personally, I am...
On the 1-hour timeframe, Solana (SOLUSDT) is in a clear downtrend, with sellers in full control. This weakness was evident through the resistance at 145.00 USDT, followed by a strong bounce, confirming that selling pressure is dominant in the medium term. Currently, the price has clearly responded to the strong resistance at 141.00 USDT and the EMAs. The market...
On the 1-hour chart, Binance Coin (BNBUSDT) is showing a sustained uptrend within an ascending channel. After testing the support at 568 USDT and bouncing, BNB is moving within a stable uptrend channel. If BNB remains within the ascending channel, a potential target would be 596.4 USDT, which is marked as the top of the channel. The bounce from the current...
XRPUSDT is currently in a clear downtrend on the 1-hour time frame. The price action is still confined within the downtrend channel, and the inability to break above the resistance at the EMA 34 (0.5319) and EMA 89 (0.5344) shows that the selling pressure is still very strong. Strategy: Investors can consider entering a sell order at the current price zone, with...
Bitcoin (BTCUSDT) is in a strong downtrend on the 3-hour chart, after failing to overcome the $64,000 resistance and the $64,500 high. With the current situation, the sellers are in control of the market, and the possibility of a further decline to $57,505 USDT is very high if BTC fails to overcome the 34 and 89 EMAs. What do you think about this view?
On the 2-hour chart, I see that ETHUSDT has just broken below the ascending channel, signaling a strong bearish possibility ahead. After failing to break above the key resistance zone around $2,456 - $2,480, the price action seems to be signaling that the sellers are still in control and the bearish pressure is increasing. From what I see, the current setup is...
The XRPUSDT chart on the 1-hour timeframe indicates a potential bearish breakout scenario forming. After testing the resistance area near $0.5349, price has failed to break above, showing signs of weakness. Traders should watch for confirmation of a downside move below $0.5320, which could trigger a steeper decline. What do you think about this view?
SOLUSDT is currently trading within a tight consolidation zone, marked by a rectangular range between $143.33 and $144.70. The price is struggling to make a decisive move in either direction, suggesting an imminent breakout. Key Points: Range-bound price action: SOL is moving sideways within a defined range, testing both support and resistance multiple times. A...
The BNBUSDT chart on the 2-hour time frame shows that Binance Coin (BNB) is in a clear uptrend, consistently respecting the rising trendline as support. The price has been steadily increasing after bouncing from lower levels and is now approaching the important resistance zone around $585.8. A breakout above $585.8 could trigger a rally to $612. Traders should...
Hi guys, The BTCUSDT pair on the 1-hour chart shows clear signs of persistent bearish pressure. The price action continues to respect the descending channel, indicating that sellers are still in control of the market. After failing to break above the upper boundary of the channel several times, the pair is currently trading around $62,413, indicating limited...
BNBUSD has broken below its upward channel, indicating a potential bearish move ahead. The price is currently testing the resistance level around 570.7, but if this resistance holds, the next target would be the support zone near 553.9. Resistance: 570.7 Support: 553.9 EMA Signals: The 34 and 89 EMAs are showing signs of resistance at 552.1 and 565.9,...
SOLUSDT has broken below the rising trendline and is now struggling to surpass the key resistance around 146.35. The price has tested this area but has failed to break through convincingly. With the EMAs signaling resistance, we could see further downside pressure. If SOLUSDT continues to respect this resistance, a potential downward move could target the support...
Dear friends! After breaking the uptrend line, the price has retested the nearest resistance zone. If the price continues to fail to break above this resistance zone, a sell order may be triggered. Entry point: Around the resistance zone at 62,600 - 62,900 USDT. Target: Next support zone around 61,712 and further at 61,248 USDT. Stop loss: Above the resistance...
On the 1-hour chart of BTCUSD, we can see the formation of an Elliott wave pattern, with wave structure (1), (2), (3), (4) formed and now the prediction of wave (5). The EMA 34 (blue) and EMA 89 (purple) are currently below the price and are pointing up, indicating that the uptrend is still quite strong. These lines act as important dynamic supports for the...
Hello everyone! ETH/USDT is in a strong downtrend after forming a rounding top pattern. With selling pressure increasing and the EMAs above the price, I expect ETH to continue to correct and possibly test lower support levels, especially $2,280 and $2,150 in the near term.
Hello, my dear friends! What do you think about BTCUSDT? Today, BTCUSDT continues to maintain stability around the $60,976 mark and has not changed much in price compared to the last 2 days. The downtrend remains consolidated as it remains limited below the $62,000 resistance. Therefore, Edward here remains pessimistic and maintains his long-term bearish...
On the BTCUSDT 4-hour chart, we see that Bitcoin is approaching a strong resistance zone around $64,000 and has the potential to move towards $66,000. However, there are some technical factors to note: 1. EMA 34 and EMA 89: The EMA 34 (blue) and EMA 89 (purple) are below the price, indicating that the short-term uptrend is dominant. These lines act as dynamic...
The SOLUSDT 2-hour chart is showing a bullish trend after the price corrected within the short-term downtrend channel. Here are the key factors to note in this analysis: 1. Elliott Wave Structure: We can observe the formation of an Elliott wave pattern with corrective waves (A, B, C, D, E) completed within the downtrend channel. This is a sign that the...