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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
#UNI 🦄 has recently formed an ascending channel in the 4-hour time frame.
After reaching the $7.900-$8.800 level, the price was very strongly supported and again grew by more than 30%. Now it is facing a very weak resistance in the area of $12, which due to the strong upward trend in this currency is expected to easily cross this level and reach the resistance level of $13.3.🚀
After the formation of the ascending harmonic pattern in the #MAV chart, the price has grown a little and passed the dynamic resistance.
The price in the higher time frame actually moves in a Bullish channel and has not yet reached the bottom of the channel. If the price continues the downward trend and reaches the support level of $0.3250 - $0.3080, the bottom of the channel has actually been reached.
If the price wants moves according to the pattern, it will grow again to break the resistance level of $0.5100-0.4800.
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#BTC🪙 balance on exchanges reached a five-year low of 2.822 million BTC after dropping 3.6% over the last 30 days.
Decreasing BTC balances on exchanges simply means investors could be withdrawing their tokens into self-custody wallets, indicating a lack of intention to sell in anticipation of a future price increase.
#AXS moved as expected and failed to break the resistance level of $8.700-$8.400.
The specified resistance area was not fully consumed and invalidated the bullish scenario.
The price left the small ascending channel that was formed in the 4-hour time frame and fell to the support level of $6.500-$6.300.
Now, it will need to rebound to continue its ascent to challenge the resistance once again . Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards.
A breakdown below the demand area would negate the bullish outlook and potentially lead to extended declines.
#ACHUSDT is at the crucial support of $0.0230 - $0.0250 , the asset is primed for a potential breakout.
#ACHUSDT is on the brink of a dynamic shift . if price can not sustain this level and slips below $0.0200 , it may signal a downtrend extension, eyeing the next vital demand zone at $0.0125. This area is renowned for its liquidity depth, having historically catalyzed notable recoveries. revisit this zone, ensuring a robust rebound is vital for maintaining foundational support. A lack of recovery could intensify bearish trends, deteriorate investor sentiment, and potentially precipitate extended price falls.
Currently, there's a high probability for a bearish continuation , and fading trading volume hints at a price drop toward the highlighted demand zone.
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After several attempts, the price of #UMA finally failed to break the resistance level of $3.800-$3.900 , and the bearish scenario continued.
The support level of $3.100-$3.200 - has been broken, and the price has formed a relatively downward channel in the short term. Now, the price is at the bottom of the channel. If the price decline continues and the current level is breached, the price will drop to $2.500.
In the higher time frame, all these fluctuations of the reforms are a big upward movement, and in the long term, it is still an upward trend.
#STX, unlike many currencies, has maintained its upward trend.
After successfully breaking out of the bearish wedge pattern, the price started an upward movement. The price has just broken out of a bullish pattern, and if the buyers continue to act strongly, the price will soon reach $3.050.
If the price wants to move like other currencies and reach$ 2.050 again, the probability of the price returning to the important demand level of $1.750-$1.900 - will increase.
#GAL🌌 is moving in a descending channel. After crossing the resistance of the channel, it has decreased by more than 25% so far.
The demand level of $3.15 - $3.0 has been broken, and the close of the candle below this area has confirmed bearish sentiments, indicating more bearish potential. With the continuation of the downward trend of the market, the price of GAL will also decrease to the bottom of the channel.
#BCH, after trying to break, rejected at the resistance level.
The double top pattern has just been completed, and according to that, the downward scenario, it will continue.
If the price can successfully break the support level of $440.0 - $450.0 , we can expect to move according to the pattern and decrease to $400.0 .
If the price is supported from the current level, it is possible for the price to return to the resistance level of $520.0-$530.0, although according to the current situation, the downward scenario is more likely.
After so many attempts of breaking ATHs and getting severely rejected above 70K, #BITCOIN🪙seems exhausted, blackrock and other ETFs pumping and dumping larger volume than ever.
Bitcoin is crashing very dramatically and is leaving no room for doubt. The week starts red right away.
#BTCUSDT is still moving sideways in a consolidation zone around the 72,000 - 65,900 area on the 4-hour chart. A short-term correction continues to form. The price broke the 69,200 support level .
Overall, the market will move in a range at this time, and the range correction will continue to develop. Trading will be carried out between levels. According to the current market structure and the price behavior after the clear breakout on the long-term chart, we are more likely to capture the market correction as long as the price remains below the $72,000 resistance level.
The market will soon experience huge fluctuations.
#Bitcoin🪙, the leading cryptocurrency by market value, fell over 2% to $67,900, extending the retreat from recent highs near $72,000. #Ether🔹, the second-largest coin, followed suit, dipping below $3,550 at one point.
The losses followed $64.9 million in cumulative outflows from the U.S.-listed spot bitcoin exchange-traded funds (ETFs) .
#PolkaDot 💢 was able to break the dynamic support very sharply and strongly.
#DOTUSDT inverse head and shoulder on daily timeframe hints a major correction.
The price after reaching the resistance level of $7.500 - $7.700, the price failed to break it and started to decrease along with other digital currencies.
If the selling pressure is still strong, the price will fall to the main support level of $5.660 - $5.810 , an area where there seems to be a lot of demand for buying.
The #IOTX price is again moving close to the $0.04400-0.04700 demand zone.
The supply level of $0.06600 once again proved to be a strong barrier to price growth.And after reaching that area, the price decreased by more than 25%.
It's imperative to monitor the current level closely, as a fall below it could lead to a substantial downward trend.
After reaching the resistance level of $0.0144-0.01642, #LINA price reacted strongly to it again and corrected more than 40%.
The price is now falling in a falling wedge pattern. The correction process of the price has slowed down, and it is expected to end soon, but there is still no positive divergence in the chart.
By comparing the strength of the upward trend and its correction, we can expect the price to start growing again after reaching the important support level of $0.0067-0.0072, which is a strong demand level.
#Dogecoin🐶 is moving in a descending channel in the 4-hour time frame and is now in the middle of it.
The price reacts well to the ceiling and floor of the channel. This descending channel is actually a correction of an upward trend in the daily time frame. Therefore, the long-term trend is still upward.
According to the current market trend , reducing volatility and the global markets is closed., the price is expected to slowly move towards the important support of $0.122-0.11260. This level is very important, and we can expect strong support from this level.
After reaching the resistance level of 0.14500-0.14000, #PEOPLE price could not break it and started to decrease to the support level of $0.09700-$0.10050.
Recently, a bullish harmonic pattern has formed in the chart, and according to it, we can expect the price to grow again to the resistance level.
If the price fails to maintain the current critical support level and continues to correct, it will move towards the lower demand level indicated on the chart.
There's a high probability that PEOPLE will break through this support, propelled by diminishing volume and macro market trends. This move would confirm a downward trend .
#Bitcoin🪙 Spot ETF records total outflows of -$580M this week
Читать полностью…
#MKR 🟩 price easily broke the support level of $2470-$2350 .
In the daily time, it is moving in an upward channel, which faced selling pressure after reacting to the supply zone and not being able to break the zone.
Recently, an upward harmonic pattern has been formed in the chart, the price is slowly forming a positive divergence, and if it can return to the above specified level, we can expect to see the price rise according to the pattern.
While you are scared, whales just bought $1.3 billion worth of #Bitcoin🪙 🐋
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After reaching the resistance level of $0.3300-$0.3550 , #GRT started to decrease, and with more than 25% decrease, it has reached the support area of $0.2300 .
The price has left the ascending channel . The subsequent critical demand zone at $0.2 is vital to watch because it is known for its strong liquidity and history of catalyzing significant upward movements.
Securing a strong rebound is essential to sustain support. Failure to rebound could intensify bearish momentum, worsening market sentiment, and potentially leading to further price declines.
The price of #ATOM⚛️ has broken the upward trend line. After the failure, it fell by more than 30% and reached the support level of $7.660-7.660.
according to the continuation of the downward trend of the market in the short term, there is a possibility of reducing the price to the bottom of the descending channel that was formed recently.
If the price reaches the bottom of the channel, it will reach the important demand area of $6.1, and there is a possibility of price support from this area.
In the past 24 hours , 68,989 traders were liquidated , the total liquidations comes in at $229.87 million
The largest single liquidation order happened on #Binance🔸 - #BTCUSDT🪙/💵 value $9.62M
The resistance level of $2.5300-$2.6200 - prevented further price growth.
The price of #IMX🪙 has left the ascending channel that was formed in the 4-hour time frame.
The main support level is in the area of $1.6700-1.7300, and it is likely that the price will decrease to this level. revisits this demand zone, securing a strong rebound is imperative to sustain bullish intentions. A failure here could amplify bearish pressures, sour the market outlook, and push prices to even lower thresholds.
Marathon Digital, the largest #Bitcoin🪙 mining company, sold 1.2K $BTC yesterday
🔴 A negative signal
The price is moving in a bearish channel on a daily time frame and is adhering to it well.
Observations show #SXP charting lower highs and lower lows coupled with decreasing volume hinting at a loss of momentum. If #SXP maintains support at $0.2900 yet continues its downward trajectory, we anticipate hitting the projected support zone at $0.2500 next.
Conversely, if #SXPUSDT holds its support and swings back into the channel, it may suggest a bullish counter attempt. In this case, the price could ascend towards the significant resistance at $0.37.
A drop below essential level of $0.3000 - $0.2900 could signal the onset of a more profound bearish trend
After reaching the resistance of $44.50 - $49.50 , the price of #AR started to decrease and left the bullish channel.
If the trend is still bearish and the price reaches below $34.100, the support area of $26.600 can be the next price target.
Traders should focus on price action and volume, as these will provide significant information about the market's next move .
The Bullish harmonic pattern has already been completed in the #MINAⓂ️ price chart, but it was only able to increase the price by about 50%. In fact, the price has not yet reached the main target of the pattern.
Now, by looking carefully at the chart, we can see that a double top pattern has formed in the chart, and the price will most likely decrease to the support level of $0.6020-0.5620 according to this bearish pattern.
To start an upward trend, the price must first break out the downward trend line. stay alert and monitor market sentiments closely.