DOT was able to break the downtrend line and make a successful retest. We anticipate a continuation of the upward movement towards the major resistance area. Hold your long positions with a trailing stop loss.
Major Resistance Area: $7.55-$7.90
BNB is breaking out of the symmetric triangle pattern, but it's prudent to wait for a candle close above the trendline to confirm the breakout. If confirmed, we might witness a move towards the resistance area, and it's essential to observe how the price reacts upon reaching that level. The support and resistance levels remain unchanged for now.
Читать полностью…Bitcoin Dominance has broken above the resistance area and is currently trading above it. This has put pressure on altcoins, limiting their movement. However, if Bitcoin Dominance can fall back below the 51.90%-52.20% level, we may see some upward movement in altcoins. We'll need to monitor this level closely to gauge the potential for altcoin movement in the near future.
Читать полностью…QNT Analysis:
Price is currently hovering close to a significant support zone. There could be some accumulation happening at this support level before the next significant move. Consider placing buy orders within this zone, ensuring tight stop-loss measures are in place, and wait for further price action.
Support Area: $95.5-$99.5
Resistance Area: $126-$132
Bitcoin is currently consolidating in a symmetric triangle pattern on lower time frames, which suggests that a crucial decision point is approaching. The direction of the next move will be determined by the breakout from this triangle. The support and resistance levels remain the same, and we should closely monitor any potential price action.
Читать полностью…LPT moved towards the resistance area and was rejected from there. We might see a move towards the support area in the coming days, which is the zone for new entries. The support and resistance level remains the same, Better to wait for some time for new positions.
Читать полностью…DOT analysis:
The price has recently rebounded from the support zone and is now moving towards the resistance area. It remains to be seen how the price will react when it tests the downtrend line. If the price breaks above the downtrend line, it will likely continue to rise towards the major resistance area.
Major Resistance Area: $7.55-$7.90
Bitcoin is currently hovering near a resistance area, and we may witness a significant price movement in either direction soon. The selling pressure from Grayscale spot Bitcoin ETF has been decreasing. The support and resistance levels are unchanged. If the price breaks above the $43,500 level, it is likely to move towards $45,000.
Читать полностью…Bitcoin has once again reached the resistance area and is currently trading there. A successful break above this area will be a bullish sign, while a rejection could lead to a drop towards the local support.
Читать полностью…TRX analysis:
Price is trading in a rising wedge and we will see a break of this pattern soon. The rising wedge is a bearish pattern so better to use tight stop loss in all open positions.
Support Area: $0.100-$0.105
Resistance Area: $0.117-$0.121
ONG analysis:
Price is now trading at the support zone. There is a descending triangle formed on the daily timeframe. We are near the decision area and will see a breakout soon. Better to wait for a break on either side before opening any position in ONG.
Support Area: $0.30-$0.32
Resistance Area: $0.35-$0.36
Bitcoin is currently testing the daily resistance area and signaling a potential breakout. A bullish candle close above this level may propel the price towards the $45,000 level. Conversely, a rejection from this point could lead to a move towards the local support area.
Читать полностью…GRT is been rejecting the support area strongly and now kinda forming the Inverse Head & Shoulder Pattern, which is a reversal pattern. Now, price need to flip above the Structural resistance zone of $0.16, to turn the structure bullish and break of the pattern too. Setup can be taken in the retest after the breakout.
Читать полностью…STRAX analysis:
The price is currently testing the resistance area. A rejection from this level may lead to a downward movement towards the support area. It is not advisable to open new long positions in this zone.
Support Area: $0.735-$0.757
Resistance Area: $0.918-$0.955
GALA has broken the falling wedge pattern as anticipated and subsequently retested it. The long position has yielded approximately a 15% profit from our entry. It is advisable to increase your stop loss and maintain the long position. We are still anticipating a move towards the resistance area.
Support Area: $0.0195-$0.021
Resistance Area: $0.024-$0.025
Bitcoin has continued its upward movement and the price has been able to break above the $45,000 level. In the coming days, we may see a test of the major resistance zone at $48,000. The $45,000 level will now function as a support and a test of this zone is possible.
Читать полностью…Bitcoin has moved as anticipated following the breakout, and it is currently trading near the $45,000 resistance level. The reaction at this resistance area will be crucial to determine the next course of action. A successful break above $45,000 could propel the price towards the $48,000-$50,000 range, while a rejection may lead to a decline towards the $40,000-$42,000 support area.
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TRX is currently testing the upper boundary of a rising wedge pattern. A breakout from this pattern could propel the price toward the $0.15 resistance level. Keep a close eye on how the price reacts and whether it manages to close a candle above the rising wedge trendline. This breakout could signal potential upward momentum.
Читать полностью…BONK analysis:
The price has reached the support area and appears to be entering an accumulation stage. Consider initiating a small long position with a tight stop loss. A potential bounce is anticipated, given the downtrend observed since the all-time high.
Support Area: $0.000009230-$0.00001026
Resistance Area: $0.0000165-$0.0000177
SPELL analysis:
It appears that the price has broken below a major support area, indicating a potential continuation of the downtrend. Consider placing buy orders in this support area and waiting for a possible reversal.
Major Support Area: $0.000378-$0.000417
Resistance Area: $0.00051-$0.00053
The funding rate premium for ETH futures is relatively higher than Bitcoin's, indicating a greater risk premium for Ether. Over the past three months, ETH funding rates surpassed BTC's, but there hasn't been a significant increase recently. This suggests a lack of substantial speculative interest in expecting higher price movements for Ether. Notably, spikes in the ETH-BTC funding rate spread above its 1-year average tend to align with local peaks for ETH prices.
Читать полностью…QUICK analysis:
Price is trading in a downtrend and we may see a move towards the support area. This is no trade zone and it is better to wait for some time for new entries.
Support Area: $0.0436-$0.045
Resistance Area: $0.053-$0.055
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MATIC Analysis:
The price has formed a Head & Shoulders pattern on the daily timeframe, which typically signals a bearish trend. To avoid further downward movement, the price must hold the support level; otherwise, there's a potential for a decline towards the next major support area ranging from $0.495 to $0.515. If you're considering opening a long position, it's advisable to place your orders near the support area and implement tight stop-loss measures.
Support Area: $0.72-$0.75
Major Resistance Area: $1.04-$1.09
ADA has made a strong rebound from the support area, securing a remarkable gain of over 19% in our long position. It's advisable to raise your stop loss and maintain your long positions. With the current breakout from the resistance area, anticipate a move towards the significant resistance zone ahead.
Major Resistance Area: $0.588-$0.60
The BAND has bounced from the support area just as we expected. Our long position has generated a profit of over 17% since we entered the trade. If you have opened long positions, increasing your stop loss and holding the trade is recommended. We anticipate a move towards the resistance area shortly.
Support Area: $1.33-$1.507
Resistance Area: $1.84-$1.88
Bitcoin recently tested the local support area and experienced a bounce. The resistance level remains unchanged, and there is an anticipation of a potential test of this resistance level in the near future. It is also plausible that BTC may exhibit sideways movement within the local support and resistance areas.
Local Support: $41,580 - $41,800
Daily Resistance Zone: $43,000 - $43,500
The number of addresses holding a balance of more than 1,000 BTC is exhibiting a positive uptrend. This suggests the possibility that whales are accumulating near the $40,000 level.
Читать полностью…Bitcoin broke the minor structure and nearly testing the trendline as resistance. Weekend is in, and there're bunch of resistance up there at $42,000 - $43,000 mark. Alternatively, a tiny bit of rejection can occur and sideway is expected.
Local Support - $41,580 - $41,800
Daily Resistance Zone - $43,000 - $43,500