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Bitget Futures, ByBit USDT
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Translation: en-en
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#MATIC/USDT ANALYSIS
MATIC is consolidating within a descending triangle and is currently trading within a horizontal demand zone. We can expect a potential bounce from this demand zone.
However, the Ichimoku cloud is acting as a resistance, indicating that caution is needed. It's essential to wait for a clear breakout or breakdown to determine the next move.
Bitget Futures, ByBit USDT
#MOCA/USDT Take-Profit target 2 ✅
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Period: 9 Days 1 Hours 7 Minutes ⏰
Binance Futures, KuCoin Futures
#LTC/USDT All take-profit targets achieved 😎
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Bitget Futures, ByBit USDT
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Binance Futures, KuCoin Futures
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#DYDX/USDT ANALYSIS
DYDX is currently trading within a major horizontal demand zone after a strong rejection from the resistance trendline. The 21-day moving average is acting as resistance.
We can expect a potential bounce from this key demand level. However, if DYDX breaks down below the horizontal demand zone, we could see it reach new lows.
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#BTC/USDT ANALYSIS
Following the breakdown of the rising wedge pattern, the price has experienced a downward movement and is currently trading below the Ichimoku Cloud, indicating a potential for further decline.
The presence of a CME gap between the 60,845 and 58,790 levels suggests that the market may seek to fill these gaps before establishing a new direction.
Historically, once such gaps are filled, the market often experiences a reversal, which in this case could lead to a strong bullish rally.
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