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We provide only technical based charts here for alts coins as well as btc We believe in charts and TA. Not an Investment Advice Do your Own RESEARCH always
#NEAR is now moving in a descending channel after breaking the dynamic support of the uptrend.
After breaking the support level of $4.300-$4.900, the price has reached the bottom of the channel and may start to grow from this area.
But if the price continues to move under the specified level, it may decrease to $2.620.
The key level to watch right now is the $0.0460 support zone, where bullish momentum is building. If this support holds, we could see a strong bullish push towards the next resistance levels.
Should #HBARUSDT maintain its upward momentum, we’re eyeing potential targets at resistance levels above. This could be the start of a significant rally, so keep a close watch on those price levels.
But we always prepare for all scenarios. If #HBAR fails to hold the $0.0400support and breaks below it, we might see a pullback to the lower 0.035 level.
#COTIUSDT is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon.
But if #COTI gets rejected by the upper trend line of the falling wedge We might see a retest of $0.05500 -0.06200 .
However, should COTI fail to rebound from $0.05500 , the next critical level to watch is the lower support at $0.036. The probability of a rebound from this level is significantly higher.
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🗓️ 16th August 🕓 4 PM UTC
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#EOSUSDT is compressed within a falling wedge pattern, a classic bullish reversal signal. It's the combination of increasing trading volume and improving macro market sentiment.
If #EOS gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $0.4000 . This level has consistently provided strong support and is rich with liquidity.
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Currently, #ATAUSDT is compressed within a falling wedge pattern, a classic bullish reversal signal.
Should #ATA fail to bounce back from the $0.0820-$0.0700 support, our eyes will be on the next critical level at $0.0580. Historically, this level has been a stronghold, and the probability of a rebound here is notably higher.
But if $ATA breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation.
#JASMYUSDT is still sticking to the wedge pattern that was formed earlier and is now approaching its bottom.
In the chart, you can also see a double top pattern, if the price moves according to this pattern, it will drop to $0.01200.
Maintaining the support level of 0.01540 - 0.01400 means the continuation of the upward trend, if this level is broken and ^#JASMY leaves the wedge pattern, we will see a sharp drop in the price.
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16th August 🕓 4 PM UTC
KuCoin Exchange (Spot)
USDT Pair
In the daily time frame, #GALA is breaking and falling below the descending channel and retesting the demand level at $0.01400-0.01250.
The price is now almost at its historical bottom, and no other support level can be considered for it historically.
If the current level is broken, we will see a deeper price drop.
But if the current level can provide good support from the price, the previous peaks can be reached in the shortest possible time.
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#HOOK is still moving in a wedge pattern and respects the marked lines well.
According to the previous scenario, the price started to decrease after reaching the resistance of the wedge pattern and reached $0.3500.
After reaching the dynamic support area, the price recovered well and has grown more than 40% so far.
If the strength of the bullish candles is maintained in this way, this time the price will leave the wedge pattern.
#BETAUSDT is currently showing signs of a probable bullish continuation from a support zone at $0.03800. Recently, after breaking above the descending resistance, it's gaining momentum at this key support level.
If the price holds strong at this level, there's a high probability of a bullish rally, similar to previous trends. A breakout above the probable resistance at $0.0580could lead to targeting the next resistance zones and beyond. However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $0.0340.
In a situation where the market is not in a good condition, #TRXUSDT's trend is still upward.
After reaching the bottom of the channel and the support level of $0.1100-0.1050, the price started to grow and first broke the small dynamic resistance.
According to the general situation of this currency and the registered candles, it can be expected that the price will grow again up to the ceiling of the channel.
#AR is currently trading within a descending channel, but it’s nearing a key demand zone that could ignite a significant move. We’re eyeing a potential bullish breakout from this pattern.
ARUSDT has been sticking to a descending resistance line, but the price is inching closer to a crucial demand level at $16.50–$14.50. This zone could be a game-changer. If the price taps into this level and gains momentum, a bullish breakout could be on the horizon.
If #AR fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $11.50.
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Biggest Pump Signal
The coin we are pumping today is : #MJT
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After falling from the support level of $500.0, #BinanceCoin reached the support level of $400.0 and recovered and is now trading above both levels.
As you can see in the chart, a dynamic resistance still prevents #BNBUSDT growth, so in the first step, crossing and breaking this resistance can be a sign of the continuation of the upward trend in the daily time frame.
So far, BNBUSDT has hit the dynamic resistance 2 times and failed to break it, these collisions may reach up to 5 times and then the price will start to grow. The current price movement scenario is between the $400.0 support and the dynamic resistance.
#GMX is trading within a descending channel, We are expecting a bullish breakout from the descending line .
The price is currently adhering to a descending resistance pattern. However, the price is inching closer to a resistance level at $33.5, which could be the game-changer. If the price taps into this level and gains momentum, we might witness a bullish breakout.
A break above the descending resistance could push #GMXUSDT toward the major supply area at $58.00. This zone is crucial—if we see a successful breach, expect a strong bullish move targeting the next resistance zone.
If #GMXUSDT fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $20.00.
After breaking the dynamic support and reaching the resistance level of $4.800-$5.900 dollars, #UNFI fell to the support level of $2.500-$3.000 , in the current scenario, we can expect the price to return to the ceiling of the descending channel.
if #UNFIUSDT fails to bounce back from this zone The next level we’re watching is $1.500. Historically, this has been a stronghold for UNFI , with a high probability of a rebound.
However, the stakes are high. If UNFI breaks below these key support levels, we might see the bears seize control, leading to a potential bearish continuation.
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16th August 🕓 4 PM UTC
KuCoin Exchange (Spot)
USDT Pair
#BitcoinCash has seen an unsuccessful breakout of the bearish channel on the daily time frame, followed by a sharp price drop.
#BCH dropped for the second time to the demand level of $285.0-295.0 and then recovered.
Now, with the price reaching the ceiling of the descending channel, there is a possibility of crossing the $400.0 resistance.
But if this time the price cannot cross the dynamic resistance, we will see a fall back to the support level.
#APT is still moving in a bearish wedge pattern and has broken the $6.20-$6.70 support level.
Now the price has formed a double peak pattern, the dynamic and static support has been broken, but the downward trend is slowing down.
If the price succeeds in breaking both the dynamic resistance and the resistance level, which was previously a support, we can expect a re-growth to the resistance level of $10-11.
#LITUSDT is compressed within a falling wedge pattern, a classic bullish reversal signal.
If #LIT gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $0.5. This level has consistently provided strong support and is rich with liquidity.
Should #LITUSDT fail to bounce back from the $0.5 support, our eyes will be on the next critical level at $0.400 . Historically, this level has been a stronghold, and the probability of a rebound here is notably higher.
But remember, if #LIT breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation.
#PEOPLEUSDT is forming an ascending triangle pattern. The dynamic resistance formed in the chart has not been broken so far, and after breaking it, the price can grow again to the level of $0.14000.
The $0.04400 support level is very important and the price should continue to trade above this level.
The resistance level of $0.07400 is still standing and the price must first cross the dynamic and static resistance to start the upward trend.
#Ethereum has so far moved well according to the previous scenario, the price reaching the bottom of the ascending channel, the support level of $1900-$2120, and the formation of a strong ascending harmonic pattern. All these factors and general market conditions caused the price to experience a return of about 20%.
If the price can easily cross the resistance of 2870.00-3030.00 dollars, it can grow to the ceiling of the channel and achieve the goal of ascending harmonic patterns.