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USDT.D Analysis: $ Dominance Dips, Opening Doors for Crypto?Hey traders, Let's dive into Tether Dominance CRYPTOCAP:USDT.D and see what it might mean for the crypto market. Channel Cracked: USDT.D used to chill in a monthly channel for a while. But recently, it decided to break free, potentially paving the way for a continued decline in dollar dominance, reaching the next weekly resistance level. RSI Bouncing Back (Maybe): The Relative Strength Index (RSI) just stepped out of the oversold zone. This could signal a potential price bounce or a period of consolidation (think of it as the market taking a breather). Crypto on the Rise? As long as dollar dominance keeps falling, more money might flow into cryptocurrencies, potentially pushing their prices up. Bitcoin's Buddies: If this dollar decline happens alongside Bitcoin price fluctuations and a dip in its own dominance, we could see altcoins surge in an epic way! The US Dollar Factor: One big question mark: how will US policies affect the dollar's value and, in turn, crypto prices? Only time will tell. Time to Take Profits? If the RSI exits the oversold zone, it might be a good time to consider closing out your long positions (selling your crypto) or taking some profits off the table. Remember: This analysis is for educational purposes only, not financial advice. Do your own research and use proper risk management before making any trades.
CRYPTOCAP:USDT.DLong
by solinash1
Potential setups for Walt Disney Co.NYSE:DIS ❇️ The shares of The Walt Disney Co., the world leader in the entertainment industry, are actively declining, being in the 108.00 area. ❇️ On the daily chart of the asset, the formation of a global downward channel with dynamic boundaries at 80.00–108.00 continues, and at the moment, the price has come close to the resistance line at 108.00 and is preparing to break it. ❇️ On the four-hour chart, the current growth has a high chance of breaking it and reaching the initial 23.6% Fibonacci correction around 117.00, which is the main barrier for quotes within a possible upward correction. ❇️ Technical indicators reversed and gave a stable buy signal: the range of EMA fluctuations on the Alligator indicator began to expand upwards actively, and the histogram of the AO oscillator forms bars with an upward trend in the buying zone. Trading tips 👉 Long positions may be opened after the price rises and consolidates above 117.00 with the target at 133.00. Stop loss – 112.00. Implementation period: 7 days or more. 👉 Short positions may be opened after a reversal, reduction, and consolidation of the price below 101.00 with the target at 91.00. Stop loss — 105.00.
NYSE:DIS
by Solidity_best_options
Will XTZ recover ?XTZ is trading in an ascending channel (Log Chart) since February 2020. Both trendlines was tested several times in the past. There are many multiple factors that affect all markets last days or weeks, like events on Canada, Biden’s crypto executive order or Russia – Ukraine conflict, etc. At the time of writing this report, XTZ is trading at $3.17, a further drop to $3.00 – 2.54 is possible, but not certain. A trendline breakdown, at its own, is not the proof of reversal. A break and close below the in the 1W TF may result in a deeper breakdown to $2.10. In the long run, with the current situations there is no worrying signs for a bearish reversal in the market. For long positions: Take profit targets are: $13.21, $15.73, $19.81 Stop loss or alerts below previous week or month low depending on your time horizon. In any case R/R ranges from 8.39 to 21.77. Consequently, it is a worthwhile trade/investment. Resistance zones in a new update. If I help you with your trading plan, like, follow me for more ideas & in my social media for more updates in the crypto market.
KRAKEN:XTZUSDLong
by Rhaonnor
CHZ Re-accumulation, next targetsCHZ is ranging since March 2021 – almost 1 year. Support at $0.20 was tested many times before it breaks and price drops at $0.16. After a couple of weeks of accumulation, price pass through $0.20 to $0.24 confirming in this way the shakeout/spring. The are some long shadow candlesticks between May and June 2021 - an indication that large traders entered the market and moved the price quick and high. Long shadows form the demand area. With the last two weeks accumulation (LTF 4H), it seems that all buying orders in the demand zone ($0.16 – 0.213) is filled. Because consolidation is forming in a long period of time, if we flip $0.80, a conservative target is at $1.50 (161.8% Fib extension) and a more optimistic at $2.36. If you go long near $0.23: Great Risk/Reward ratio: 4.58 (take profit $0.58) – 16.57(take profit $1.50) - 28.34 (take profit $2.36) Stop loss: $0.155
BINANCE:CHZUSDLong
by Rhaonnor
CARDANO support level 🚀Based on the chart, the price still stick in descending channel ✔️ and now located in the middle of the channel, close to an important support area ✔️ so we expect gain for the price at least to our channel resistance 🚀 if the price breaks the channel resistance and our resistance area, we can see more gain 🚀🚀 This is not financial advice, always do your own research. Please, feel free to ask your question, write it in the comments below, and I will answer. 🐋
Long
by MadWhale
5
🔥 XTZ Long-Term Bullish Channel: UpdateOver 2.5 months ago, I made a long-term analysis on XTZ and the bullish channel it has been trading in since it's inception. It appears that investors were watching the exact same channel. Since the price touched the upper resistance of the channel, XTZ has seen a bearish move to the downside. Assuming that the price will follow the channel in the coming weeks, I'm expecting a move towards the green reversal area. This would also be the area where potential investors will be stepping in again. However, I'm aware that the current market outlook is overly bullish. So there's a decent chance that the price will never reach this reversal area. In case of a bullish move, I'm looking for a break out of the channel and the re-test following that break out. A positive re-test would be a great signal for the price to continue going up. Long term bullish target: $20. Happy trading!
Long
by FieryTrading
11