MonoCoinSignal

MonoCoinSignal Updated 

SHIB is currently showing a price action that's worth noting. The token has been unable to break a particular resistance level for about three weeks now. On the 4-hour chart, SHIB is trading at a point that has acted as both resistance and support in the recent past, indicating its significance. The MACD is hovering just below the signal line and the histogram...

MonoCoinSignal

The price of the SHIBA token faced a correction after reaching a significant and prominent resistance area, which is displayed in orange, and returned to the designated support zone marked in red. However, this initial support was unable to prevent a further decline in price, and it appears that the price has entered a new phase of correction. Currently, the...

MonoCoinSignal

In the weekly analysis of Aptos (APT), we observe an upward trend. The new lows and highs are higher than the previous ones, indicating the sustainability of the bullish trend. After the end of the corrective wave and the price reaching the channel's bottom, a strong upward trend has formed. Based on daily patterns, the price is expected to rise towards the...

MonoCoinSignal

STX is in an overall uptrend. Prices have moved within an ascending channel, forming higher lows and higher highs. After breaking through a resistance marked in orange and performing a pullback, the price has reached the channel's upper boundary. Currently, with the formation of bearish candles, the price is reacting to the resistance at the top of the channel and...

MonoCoinSignal Updated 

Bitcoin's journey around the $70K mark has become a well-known story in the trading world. It's like a ceiling that just won't give way. Every time Bitcoin's price climbs, it seems to hit its head on this $70K mark and drops back down to around FWB:65K —a safer spot that traders seem more comfortable with. When we look at the Bollinger Bands, we see Bitcoin's...

MonoCoinSignal

On a daily timeframe, we have drawn an ascending trendline and are witnessing the formation of an upward pattern known as a running flat. After this pattern was formed, the currency experienced a significant increase and is currently undergoing price and time corrections. Previously, we had mentioned the possibility of forming a triangle pattern, the upper side of...

MonoCoinSignal

The price initially fluctuated within a specific range between the first support and resistance levels. After breaking the first resistance and forming a pullback, the price is expected to rise towards the second orange box. Additionally, the current bearish candles are considered a temporary correction, and given the bullish and reversal patterns on the daily...

MonoCoinSignal

OKB has recently formed a triangular pattern, where the upper side of the triangle is highlighted with black lines and has successfully broken upwards. Based on this breakout, new price targets have been determined. Additionally, the lower side of the triangle is considered as an ascending trendline, serving a supportive role. Currently, the price is moving...

MonoCoinSignal

In the 4-hour timeframe of ADA, we previously observed an upward trend, which warranted the drawing of an ascending trendline. However, the market trend has recently shifted downward, confirmed by the breaking of the first significant support, known as the blue box. This area, previously recognized as the main support, has failed to prevent a price drop, resulting...

MonoCoinSignal

Previously, we discussed that orange zones would act as resistance levels and green zones as support levels. After reaching the first resistance level, the price encountered a correction phase and then settled at the targeted support level. Subsequently, following a period of fluctuation in that area, the price managed to break through the red resistance level,...

MonoCoinSignal Updated 

Gold is currently priced at $2,324, showcasing a steady climb in its 4-hour chart. It's not just that the price is ascending; it's doing so in a manner that traders often describe as "healthy," with a consistent pattern of peaks and troughs suggesting controlled buying interest rather than speculative spikes. This is a typical characteristic of the forex market,...

MonoCoinSignal Updated 

Bitcoin's approach to the $70k mark shows its continued attempts to breach this significant price level. The technical indicators from the chart and associated data show an optimistic scenario. The Bollinger Bands remain wide, with the upper band at $69,980.27, which Bitcoin has tested. This could indicate a bullish trend as the price hovers near the upper range...

MonoCoinSignal

Fantom (FTM) has been showcasing an interesting price development, currently trading at $0.9297. On the 4-hour chart, FTM's recent climb shows it's approaching a local, dynamic resistance level which may indicate a near-term challenge for the price to push higher. The Bollinger Bands reveal that the price is nearing the upper band, which can often act as a...

MonoCoinSignal Updated 

Dogecoin is currently priced at $0.1757, showing a downward movement on the 4-hour chart. The price is close to what might be a strong support level, a price where Dogecoin has previously found a steady footing. If the price can hold at this level, it might be a good sign for Dogecoin, potentially leading to a rebound. However, if the price falls below this...

MonoCoinSignal

AR is presenting a clear narrative on the 4-hour chart. With the current price at $33, AR has shown some weakening in its bullish momentum, as indicated by the price movement converging with a dynamic resistance level and falling back. The chart details a point where the price has lost its upward drive and indicates that this could be a pivotal area for future...

MonoCoinSignal Updated 

SOL is currently trading at $185, showing some volatility within the established range. The 4-hour chart illustrates a pattern where SOL is sandwiched between dynamic resistance and support levels, indicating an ongoing tussle for direction. Despite the recent 3.32% drop, the price remains within the trading channel defined by these bounds. The upper Bollinger...

MonoCoinSignal

As we zoom in on the intricate details of this Bitcoin chart, we’re essentially time traveling through the life story of a revolutionary currency. This isn't just a tale of wild price swings; it’s a deep dive into how Bitcoin has weaved itself into the fabric of global finance. We've seen it grow from a digital seedling into a towering tree in the financial...

MonoCoinSignal Updated 

The recent 5% drop to $65,915 after yet another rejection at the $70,000 prize zone is telling of the market's current sentiment and the strength of this resistance area. The rejection, not an isolated event, marks a continuing trend this month, indicating that the $70,000 level is a significant psychological and technical barrier. As I've mentioned before,...