The price of FLOKI has dropped back to an important level where it used to face resistance before going up. Now, this same level is acting as support, which could lead to a bounce. We also see a bullish divergence on the RSI, It often signals that selling is slowing down and a reversal might be coming. If the price holds above this support zone, we might see a...
Chart shows the daily Ethereum (ETH) futures on CME, highlighting three significant CME futures gaps—areas where price jumped due to the weekend market closure. These gaps are key zones where price has historically returned to “fill” the missing trading activity. Gap 1 at $1,770 is the most recent and closest to the current price of $1,477, suggesting a possible...
DENTUSDT is trading at a strong support level on the weekly chart. This same area has been tested several times in the past, and each time the price bounced back up. Once again, the price has reached this support zone and is starting to show signs of a possible bounce. As long as the price stays above this support area (around 0.00050–0.00060 USDT), there's a...
MANA is currently testing a long-term descending support trendline on the weekly chart. This level has acted as a reliable bounce zone multiple times in the past (highlighted with arrows). -Price is holding above a major support level (~$0.21), showing signs of demand. -Weekly RSI is forming a bullish divergence, with higher lows on RSI vs. lower lows on price —...
BTCUSDT Technical analysis update BTC price is currently retesting its major support zone, which was previously a strong resistance area, now acting as support at the $70K–$75K level. The price has just touched the $75K support zone, and we can expect a consolidation above the $70K level followed by a potential bounce back or a V-shaped recovery from the current...
BTCUSDT Technical analysis update -March 2024 resistance is now expected to act as a strong support level. -The price has touched the 0.618 Fibonacci retracement level, suggesting a potential reversal from this zone. -The 200 EMA on the 2-day chart is positioned as a strong dynamic support, reinforcing the bullish case. We can expect a bounce from the $72-75k level.
MEWUSDT Technical analysis update -MEWUSDT is trading within a pennant pattern on the daily chart. -The price is currently above the 100 and 200 EMA. -A bullish crossover between the 100 and 200 EMA could occur soon. -There has been a notable increase in trading volume in recent days. -The price is approaching a key resistance level on the volume profile and...
FETUSDT Technical analysis update FET/USDT is currently trading at its major support zone. Key observations: -The resistance from March 2022 and March 2023 is now acting as support. -The daily chart's RSI has dropped below 30, indicating oversold conditions. -A bullish MACD crossover has occurred below the histogram. -A bullish divergence is visible in the RSI...
LQTYUSDT technical analysis update LQTYUSDT is trading at a strong support zone, where the price has touched multiple times and bounced back in the past. We can expect a similar bounce from the current support level. Additionally, in the daily chart, the RSI has dropped below 30, which is another bullish sign for LQTY.
LQTYUSDT Technical analysis update LQTYUSDT has bounced off a strong support zone, the same level where it previously showed a strong rebound. A bullish RSI divergence is visible on the daily chart, suggesting a potential bullish move from the current levels. Buy zone : Below $0.76 Stop loss : $0.625
The chart above illustrates Bitcoin’s price action alongside the Relative Strength Index (RSI) on a monthly timeframe, which helps identify overbought and oversold conditions. Historically, Bitcoin’s major bull cycle peaks in 2013, 2017, and 2021 coincided with the monthly RSI reaching between 85-95, as highlighted by the blue circles. A downward trendline...
This chart illustrates Bitcoin’s historical price action over three major market cycles, each lasting approximately 1065 days (35 months). The pattern suggests that Bitcoin follows a well-defined four-year cycle, influenced by its halving events. Each cycle begins with a bearish phase (marked in red), followed by a strong uptrend (green), leading to a peak before...
The above chart highlights Bitcoin's price action alongside the Relative Strength Index (RSI) on a daily timeframe. Historically, every time the RSI dropped below 30, indicating oversold conditions, Bitcoin experienced a price bounce shortly after. The chart marks these moments with blue circles and green arrows, showing clear upward reversals following each dip....
Bitcoin's daily chart shows a significant price retracement, currently testing the key 0.5 Fibonacci level around $79,000. This level historically acts as a strong support zone during corrective phases. If BTC holds above this level, it could signal a potential rebound. However, if it breaks lower, the next major support is near $72,000 (0.618 Fibonacci...
ETHUSDT Technical analysis update ETHUSDT has been trading within the same range of $2,000–$4,000 for the past 400 days. Currently, the price is forming an inverse head and shoulders pattern. In the coming days, the price could create the right shoulder of this pattern. A possible drop to the strong support zone at $2,700–$2,800 could complete the right shoulder...
XRPUSDT Technical analysis update XRPUSDT has surged over 475% from its previous bottom on the daily chart. Currently, the price has formed a bullish flag pattern above the strong resistance level of 1.95. A breakout of this pattern, accompanied by high trading volume, could trigger a strong bullish move, with potential targets in the $5.00–$10.00 range.
BINANCE:BTCUSDT technical analysis update BTC is trading at the support trend line and about to break below it. The price is trading below the 100 and 200 EMA, indicating bearish momentum. If the price breaks down, we can expect a bearish move, with a possible drop to $87K. The next strong support is at the $87-88K level, where we can anticipate a significant...
BTCUSDT (Day Chart) Technical analysis update BINANCE:BTCUSDT current price movement is forming a pattern similar to the December 2023 to February 2024 chart. At the beginning of 2024, Bitcoin experienced a gradual 20% correction before recovering and rallying by over 90% in the following months. This time, the price is exhibiting a similar behavior to December...
