Nothing has changed in Bitcoin and the slow moment continues. More sideways movement is expected in the coming days before a breakout. Keep an eye on the support level and build your position near it with tight stop loss. A break below $25,000 will bring negative sentiments in the market and heavy selling.
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DOT analysis:
Price is now testing the major support of the $4.20-$4.40 area. You can accumulate some DOT here for the mid-term. The resistance levels are mentioned on the chart.
WAVES analysis:
Price kissed the support level and bounced from there. The resistance is $1.78-$1.87 area. This is no trade zone and better to wait for a clear break above the resistance area or test the support area.
Price got rejected from the resistance area and is now heading toward the support area again. Still, there is no good buying opportunity in AGIX, and it is better to wait for some time.
Читать полностью…Bitcoin dropped below the local level and now trading near the $26,000 level. The support remains the same and if you missed last time then you can place your buy orders in the support area and wait. We may see more sideways movement in the coming days.
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After the test of the support area price gained some positive momentum and broke the local resistance area. BTC is now trading above $26,200-$26,400 area which is a good sign. The symmetric triangle breaks in an upward direction and we may see a move toward the $28,000 resistance level in the coming days.
Читать полностью…SOL analysis:
Price gets strong rejection from the major resistance of $26-$28 area. The major support is $14.50-$16 area and this is zone for mid term buying. The local support is 19.20-$19.60 area and we may see some sideways movement around the support.
Price broke the symmetric triangle and goes straight to the support area. BTC is holding the major support area and bounced from there. The wick shows good buying pressure near the support level. The local resistance is $26,200-$26,400 area on an hourly timeframe.
Читать полностью…Price was unable to hold the support of $0.069-$0.070 support area and dumped hard from there. DOGE dumps to the major support area of $0.058-$0.060 area and now holding above it. You can open a long position near this support area with tight stop loss.
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OGN analysis:
Price is rejected from the resistance $0.135-$0.142 area. The major support is the $0.060-$0.0662 area and this is must hold point. The resistance is now $0.0814-$0.0854 area. Wait for a break above the resistance area or test the support area for new entries.
After the massive rally, XLM retraced back to the support level. We already told you to book profit and close long positions. Price bounced from the support of $0.1075-$0.1110 area. This is the zone for new long entries. The resistance is now $0.1350-$0.1370 area and a break above this will send the price toward $0.1550-$0.16 resistance area.
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https://www.binance.com/en/support/announcement/3d28208d0325483f875e59c8ad988f52
ARKM analysis:
Price is in a continuous downtrend on the daily timeframe. ARKM also broke the small uptrend line and we may see a move toward the $0.35 support level in the coming days. The major resistance is the $0.446-$0.452 area. Better to wait for some time for new entries.
The percent of Bitcoin supply in profit has just fallen from 71% to 61%. This indicates that the average buying of 10% supply is around $28,000-$30,000 area. This is the key level for bulls as many will try to breakeven at this point.
Читать полностью…The sideways movement continues in Bitcoin. The market is again going in a range after the dump. There is not much to worry about as long a BTC holds the major support area.
Читать полностью…Educational Post:
Funding Rates
The funding rate is the cost of holding an open position in a perpetual swap contract (perp). It is usually calculated by the difference between the [price of the perpetual swap contract] and [price of a spot-based index].
If funding is positive, the perp price is trading at a premium (above) the index price. Open long positions pay funding, open short positions receive funding. If funding is negative, the perp price is trading at a discount (below) the index price. Open short positions pay funding, open long positions receive funding.
SHIB analysis:
Price bounced from the support of 757-784 (not mentioning the zeros). The resistance is 855-878 and the price is unable to break above this resistance area. We may see another test of the 757-784 support area and if this support is broken then we see a move toward the 691-703 area.
TOMO analysis:
Price rejected from the resistance of $1.60-$1.70 area. TOMO also broke the uptrend line and now trading below it. The next major support is the $0.97-$1.07 area and zone for opening new entries. Keep your buy orders in the range.
The support for MATIC was tested again, but it bounced back. If you've taken long positions, it's advisable to increase the stop loss and maintain the position. There's a resistance area of $0.585-$0.595, and it's possible to see a move towards that resistance area.
Читать полностью…LIT analysis:
Price is now trading at the major support area. This is the major support on the daily and weekly chart. Price needs to hold this support level otherwise we see a heavy dump in LIT. If you open long positions then use tight stop loss in all trades.
DXY broke the downtrend channel in an upward direction and this is not a good sign for BTC and the crypto market. The markets are already in a downtrend and we may see more downtrend in the coming days. Keep tight stop loss in all open trades. The resistance for DXY is 103.80-104 area.
Читать полностью…AGIX analysis:
The price is now at the last support of $0.17 and a break below this will dump the price hard. Better to stay away from AGIX for long positions. You can open a short position if the price breaks below the support level. The resistance is $0.186-$0.192 area and a break above this will bring some positive move in AGIX.
The last week dump liquidated big long positions. This was the 4th biggest liquidation since 2021.
Читать полностью…Price continues to trade in the symmetric triangle. We will see a break of this triangle this week and that will decide the next move. Use tight stop loss in all trades and wait for a break of the symmetric triangle.
Читать полностью…As expected Bitcoin Dominance reached the support area. There are chances that BTC Dominance will bounce from here so better to use tight stop loss in altcoin positions. A break below 47.80% is bullish for altcoins.
Читать полностью…BTC is forming a small symmetric triangle on a 4-hour chart after the dump. The triangle is near breakout and let's see which side it breaks. If it breaks in an upward direction then we see a move toward the $28,000 resistance area. If it breaks in a downward direction then we see a move toward the support area. Use tight stop loss in all open positions.
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