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🕶Just providing analyzes on regular basis. #Crypto #Alts 📲 @cyberdavid1 Not Financial Advice
#OAX is forming a falling wedge pattern on the 4-hour chart💁♂️
It is currently trying to break out from this pattern🧐
In the event of a successful breakout, another price pump is anticipated📈
Confirmation of the breakout is necessary for the expected upward move☝️
#BTC is displaying a well-defined Elliott wave structure at the lower timeframe🧐
A leg-down to the $58,000 level is possible as a fake breakdown📉
After the potential fake breakdown, the market is expected to bounce back and move towards a new ATH👨💻
#BTC.D
The Bitcoin Dominance is currently breaking the horizontal resistance zone of an ascending triangle pattern🧐
The Ichimoku cloud is serving as a support for the BTC.D price action🔺
A breakout confirms bullish momentum📈
🫡 Open Interest on Altcoins has fallen down to the February 2023 levels (almost absolutely lows).
Tough numbers..
#RAY is currently forming a descending channel pattern on the 4-hour timeframe💁♂️
An upside bounce from the middle line is expected to trigger a massive bullish wave📈
#BTC
Price has bounced from the 200 Moving Average and a horizontal support level👀
$BTC is currently trading below the Ichimoku cloud, a key technical indicator🧐
Bulls need to break out of the Ichimoku cloud and a descending trendline to confirm a bullish trend📈
A sustained breakdown of the MA 200 would provide bearish confirmation📉
#FTM is currently in a descending triangle pattern💁♂️
A breakdown and successful retest of the pattern would confirm bearish momentum📉
However, if price is able to reclaim the horizontal support level, it could indicate a potential continuation of the triangle pattern📈
#SYN
Price is breaking down from a triangle pattern, which is a bearish signal📉
Recommend to wait for some time before opening new positions, as the price may move towards the support zone of $0.650-$0.750🔺
#LPT has bounced from a support zone, suggesting potential upward movement✈️
There is heavy resistance in the $17.50 ~ $17.60 price range🔻
Potential targets are $17.50, $22.50, and $27.00🎯
#EGLD has broken out of a falling wedge chart pattern, and is currently testing the broken wedge pattern🧐
A successful retest of the broken wedge pattern could provide bullish confirmation✈️
#BCH
A breakdown of the ascending support and the ma 50 could lead to a fall back to the bottom of the channel📉
#BNB is currently testing the top of a symmetrical triangle pattern, and a successful upside breakout could lead to further bullish momentum👨💻
The potential price target in the short term is $700🎯
#AITECH is currently forming a falling wedge pattern, which is expected to lead to a good bounce after a successful breakout🤔
The overall sentiment remains bullish📈
The accumulation zone is identified between $0.23 and $0.256🔺
#SOL
The Solana broke the triangle pattern downward due to a transaction failure issue on the Solana blockchain🔻
A break below the ma 200 could signal a bearish trend continuation for $SOL📉
#BTC
The asset has seen volatile price action since reaching a new all-time high at $73,000👨💻
A symmetrical triangle pattern has formed, which is a bullish continuation pattern📈
If the pattern breaks to the upside, the target is $92,000🚀
But there is an open CME gap at the $64,000 level, which usually gets filled 99% of the time🧐
It is recommended to keep an eye on the $64,000 level and the resistance zone around the previous highs📝
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#GALA
The price has reached a crucial descending support level, and a breakout from the current range could lead to further downside📉
#ETH
Ethereum has broken out of a strong bearish pattern, indicating the potential for a bigger bearish wave🧐
The price is not declining rapidly at the moment, suggesting a potential consolidation phase🫠
Anticipating a more substantial correction in the Ethereum in near future📉
#NEAR has formed a rounding bottom pattern on the weekly timeframe👨💻
Expect a breakout from this pattern, given the ascending structure of the chart📈
#CREAM has seen a retest a rising wedge upper border on the 2-hour timeframe💁♂️
A massive bullish wave is expected to follow the bounce from the Ichimoku cloud📈
#CITY
The trendline resistance for $CITY has been confirmed as broken on the weekly timeframe🧐
This breakout is seen as a positive development, preparing the way for a solid bullish wave in the price📈
The market is now set up for a prolonged bullish move in following the successful bounce from the support zone📝
#OM
Зrice has reached its ATH resistance level👀
The price is currently in a consolidation phase around the ATH💁♂️
Scenario 1: A direct breakout of the ATH with strong trading volume is possible📈
Scenario 2: In case of a deeper market correction, a mega Cup and Handle pattern could form, leading to a breakout at a later stage☕️
#KATA
The $0.0017 zone is a critical support that expect to hold and bounce from🧐
#BTC
Bitcoin has formed a bullish pennant pattern on the daily timeframe chart💁♂️
If price can successfully break out above the pennant pattern, it could potentially rally to a new all-time high around $85,000🚀
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#DYDX has started a move and is recently tested again a crucial descending resistance level of a falling wedge formation🧐
A successful breakout of the wedge resistance could lead to a move towards the $3.70 level📈
#TOTAL
The total market cap is currently trading within a symmetrical triangle pattern💁♂️
A solid breakout above the triangle's boundaries could confirm an upward trajectory📈
#DYM
The price has formed a descending channel pattern on the 12-hour timeframe🧐
Bounce from lower support indicating the potential for a massive bullish wave in the coming days✈️
#DOCK is forming a symmetrical triangle pattern on the 4-hour timeframe👀
A breakout from this pattern is anticipated to lead to a significant bullish move📈
The current technical setup suggests the potential for a large-scale upward trend if the breakout is confirmed📝
#WLD is currently in a downtrend after reaching its all-time high💁♂️
The support zone is a potential area for accumulation🔺
Expect a subsequent upward trend after bounce from this zone📈