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🕶Just providing analyzes on regular basis. #Crypto #Alts 📲 @cyberdavid1 Not Financial Advice
💰 #ETH
Downward trend began August 2 with increased selling pressure📉
Doji candlesticks delaying downward price movement for now🔼
💰 #BTC in a descending channel over last 2 years🧐
Time running out for bulls, we close to breaking below bullish support📉
💰 #BTC
Price now trading near resistance line of falling channel👀
Possible for price to fall to $28,500 support inside falling channel📉
💰 #BTC nearing $30k on MicroStrategy stock sale👀
But key resistance still overhead after consolidating for weeks🤔
While news bullish short term, risks of bull trap remain if $30k rejects🔻
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💰 #BTC rising wedge playing out, diminishing demand diverging😕
Potential final push to 31k range before ABC correction starts📉
When ascending support breaks, drop to low 20k possible where demand emerges📝
Caution advised not to FOMO and get trapped at top of wedge move❗️
💲#DXY
Dollar Index bouncing but facing support/resistance zone👀
Fundamentals drive overall direction, technicals identify trades🤓
Light longs at support make sense, premature to heavily short☝️
#BLUR in downtrend, testing demand zone🧐
Fakeout then reclaim needed to trend change📈
Awaiting liquidity sweep of lows to confirm long entry🤓
💰 #BTC
Lately we printed the rounding top on 4H🤔
Waiting for upcoming more downside when price bounce back from neckline and go to ascending support on 4H timeframe⏬
Get ready for high volatility 📉📈
Upcoming key events for the markets:
26.07.2023, 18:00 UTC — FOMC Meeting
27.07.2023, 12:30 UTC — GDP (Q2)
💰 #ETH trading under 2020 resistance, forming ascending triangle💁♂️
Symmetrical triangle consolidating for months, sign of potential breakout📈
BTC correction may drive retest of triangle support near 200 MA📉
Break of $2020 resistance targets 2450, else false breakdown to $1800 likely👀
⚡ I recommend you to follow a really great channel of my close friend. He shares a bunch of useful TA and FA analysis:
Link: /channel/noahlutz
💰 #BTC surged to resistance, then corrected back to support. Made fakeout above resistance, now back near it🤔
Could see retest of ma 50 before breaking past resistance👀
Targets if retest happens: $30,750 and $31,500🎯
#EUR/USD
Price broke out the ($1.11) s/r zone on 4H🤔
After a strong impulse up, Euro may decline to s/r zone bouncing down from resistance zone📉
💰 #SOL
We have failed breakout from $28 resistance, but potential for sustained breakout with candle closing above📈
Targets upswing to $38🎯
💰 #BNB
Price forming bullish pennant pattern👀
Breakout above pattern could reach $300 target🎯
Awaiting resolution - either breakout up or breakdown🤔
💰 #BNB
Possible bounce up, exiting triangle and breaking resistance📈
💰 #XRP
We have falling wedge between 0.86 and 0.66🔍
Breakdown risks 8.5% drop📉
Monitor range boundaries to time entries or avoid fakeouts🤓
🏴 #APT sold off 75% in 2023 but June washout exhausted bears🐻
With BTC rally, bullish breakout from downtrend imminent📈
Wait for close above resistance to confirm, target 2023 high🎯
🌀Spiral Bitcoin Chart
Each cycle consists of 3 phases, we are currently in the 6 months recovery one.
The worst part is behind, the best one is yet to come.
💰 #NEAR one of top L1 blockchains last cycle, now accumulating🧐
Price found support near $1.21 and trading in $1.21-2.71 range sideways🫠
Go long if we break 50 ma📈
💰 #BTC retested top of descending channel, held for 17 days👀
Now price ranges above higher boundary of formation🤔
50 MA holding as support🔺
💰 #LTC forming falling wedge pattern, holding above support🧐
Break through the upper border is expected🔥
Can long📈
Trade to MEXC Global 👨💻
Register a new MEXC account with this link👇
https://www.mexc.com/en-US/register?inviteCode=mexc-cyberdavid
No KYC ✅
Zero Maker Fees for both Spot & Futures trading ✅
💰 #ADA struggling to bounce despite bullish morning star candle at $0.3 support👀👀
Break above $0.325 targets $0.357 and $0.42 in continued recovery📈
Bullish double bottom pattern indicates buyers accumulating🔼
💰 #BTC failed to break 31K🚫
Breakdown parallel channel risks end of bull trend📉
Monitor support & key levels closely🧐
💰 #DOGE trading inside symmetrical triangle pattern since 2021📈
Bullish outlook if bear market low is in, pending breakout 🚀
Upside target at $0.70 ATH on decisive move above resistance🎯
Stop below June lows to manage risk if breakdown occurs⚠️
💰 #SUI/USDT
$SUI is new L1 blockchain with token minting frenzy and exchange liquidity🤓
Bullish signs with price breaking MA 50 on 1D timeframe📈
Stay alert for potential position entry😏
💰 #BTC
Currently price holds along resistance zone on 3D chart💁♂️
We anticipate a correction before a potential breakthrough, but nothing is guaranteed until it happens🤷♂️
Consolidation often precedes significant moves. Keep an eye👨💻
Facing rejection from the supply zone, #BTC consolidating within a narrow range😴
MA 200 breakout suggests a uptrend, but RSI shows bearish div👀