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#BTC rejected from the resistance zone and now trying to break-below of the triangle pattern. Well, thats not a good indication for the market. But candle closing is still pending. We can see price taking support near $23,500 area. Meanwhile, you should wait for clear indications.
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What is Inverted Hammer Candlestick ?
The #inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. This creates a #long shadow or wick on the upper end of the candlestick and a small body at the bottom.
The Inverted Hammer is seen as a #bullish reversal pattern, meaning that it suggests a potential change in the direction of the price trend from downward to upward. This is because the long lower wick shows that the #market attempted to push the price down, but was ultimately unsuccessful, and the #buyers stepped in to drive the price back up.
#Traders often look for confirmation of a bullish reversal by observing price action in the following periods. If the price continues to rise, it can indicate a reversal is underway. However, if the price drops below the low of the #Inverted Hammer in subsequent periods, this may invalidate the bullish reversal signal.
#Bitcoin hovering inside the major resistance and building up an ascending Triangle Pattern, which is a bullish continuation pattern. Well, this resistance is the only obstacle here, after a breakout we can see a good rally in #BTC and Alts.
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Here's the analysis of #COMP :
#COMP is been in a consolidation range and facing heavy resistance over the major resistance zone of $57.70 - $58.50. On 4H TF, it looks like a breakout but on daily TF its build a strong rejection wick. No opportunity for buys and short below, if price breaks $56.00, which is hourly support 📉
We can see very big pump after official partnership announcement.
Buy and hold for big profits
#PROS will announce Major partnership anytime soon 👀
We can see massive FOMO for this one in short term it’s still in accumulation phase ✌🏻
We are buying #PROS/USDT here
PROS is ready for a moonshot 🚀
Now is the right time to build your position in PROS for massive profits in short term🚀🚀
We will announce the next best TA/FA based spot call after 60 minutes, this is going to be big opportunity.
Stay tuned😊
What is Hammer Candlestick ?
The hammer candlestick is a technical analysis tool used in markets to identify potential trend reversals. It is a bullish candlestick pattern that forms when the price of an asset moves significantly lower from its opening price, but then rallies to close near or above the opening price.
The hammer candlestick has a small body and a long lower shadow, which looks like a hammer. The body of the #candlestick represents the opening and closing prices, while the shadow represents the price range for the day. The long lower shadow indicates that the sellers drove the price down during the day, but buyers pushed the price up, creating a bullish reversal signal.
Does Bearish Hammer Candlestick is bullish?
It shows that the buyers could absorb the selling pressure but could not drive up the asset’s price past the opening price
Traders use the hammer candlestick to identify potential buying opportunities, as it suggests that the market may be reversing from a down to an uptrend.
#Bitcoin reversed and facing strong resistance over the $24,450 - $24,880 mark. Price is just hovering below it, shows consolidation range on hourly TF. This might lead in a strong breakout or proper rejection, and its kinda decisional point, so keep an eye on levels 🚀
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Here's the analysis of #STG :
#STG slides above the strong level of resistance, which is now a strong support around $1.019 - $1.080. There's not enough data in binance feed, but onto the other feeds, took a strong rejection from the resistance around $1.43. Anticipating, a drop till $1.0196 - $1.080 for continuation 📈
#BITCOIN WEEKLY UPDATE :
#BITCOIN moved perfectly within our Analysis on Daily and Weekly. Currently, price bounce-off from the support and now its important to watch the weekly candle close above $24,600 and a closing above $25,000 will be strongly bullish. Alternatively, a close below, will lead in short-term retracement back to 4H support or lower.
We are pleased to announce the success of our #MJT call, which resulted in around $1 million in volume within just a few minutes and a peak increase of 3.5x, Although the peak did not last as long as our previous one and the price went down faster than anticipated, We believe outside selling pressure from the MJT team was a contributing factor to the decline. Despite these challenges, our whales made every effort to maintain the price high enough for almost 3 minutes leading to nice profits for our members. we are grateful for the support of our community and assure you that we will take every efforts and dedicate all of our resources to make sure our members come out on top with a massive profit on the next one, Stay tuned for more updates!
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Keep buying, our whale will support market buy!
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Here's the analysis of #DOT :
#DOT is been trading above the major support zone of $6.80 - $7.12. Price is expected to drop back to retest that area. If market remains healthy then you can look for buys on LTF (4H and 1H) for confirmation buys over the major support. Next resistance is at $8.55-$8.80 zone.
QUICK MARKET UPDATE :
Market is kinda of ranging now in a small consolidation and this might due to an very aggresive move. Generally, we see consolidation after such heavy Bullish or Bearish Movement. #ETH and Alts following #BTC, also ranging and active projects moving good and some news based also. Keep an eye on #BTC, if its breaks or rejection the major resistance.
#PROS went quick 20% so far after our post. there is big announcement on the way and we expect big pump in price from here. you guys can hold it for big profits in short term😊
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#PROS/USDT solid breakout of inverse head & shoulder confirmed ✅
Now it's ready to fly 🚀🚀
#PROS is a low cap gem with strong team looks ready to print big green candle🚀
Don't miss it out😊
#PROS/USDT BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: $0.7461-0.8595-0.9574-1.025
Stop if 1D close below $0.6167
Next post will be coin name in USDT pair.
Stay tuned😊
#Weekly candle closed within the resistance zone, now looking for the next weekly #candle to break and close above it, which will be strongly #Bullish sign for the market 📈. In case of Bearish closing, this will indicate bears are taking over 📉
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#TOTAL Market Cap Analysis :
Market made some good moves with the past weeks and now MarketCap is sustaining above the $1T mark and a flip level also. Index still having potential for a small upmove till major resistance $1.129T - $1.198T, which is bullish. Alts also looking good for a short-term move as per #TOTAL2 analysis also.
Here's the analysis of #DASH :
#DASH going aggresive with Higher Highs and Higher lows on daily TF. Price is on its way to a strong resistance zone of $84.70 - $87.70. A retracement would be best case for entering a buys. So, wait for a drop till support around $65.00
What is Spinning Top Candlestick Pattern ?
The #Spinning Top candlestick pattern is a popular technical analysis tool used by traders to identify potential price reversals. It is a #single candlestick pattern that represents a period of indecision in the market.
The #Spinning Top candlestick pattern is a single candlestick pattern that has a small body with long upper and lower shadows. The #body of the candlestick is typically small and is located in the middle of the overall range of the candlestick.
The Spinning Top Candlestick can be #bullish and bearish, depending upon the reference zone where it formed. This represents the, #Reversal Signal or Continuation of the Market.
How to Trade it ?
You should note use Spinning Top stand-alone, Always use it with a reference point, like Support or Resistance or any major level. You can trade this, if it forms with a reference point and break the High or Low of the candle.
#ETH Analysis :
#ETH is being rejected multiple times out of the major resistance zone of $1,700 - $1,770. Price more likely caught in a range now, but still in a bullish momentum. If #BTC sustain above $24,000, we more likely to see a breakout of this. Alts will follow-up with #ETH, so keep an eye on the levels.
Keep buying, traders around the world are buying in!
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You can still buy here as we are going above +1000% shortly 🚀
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