Crypto Outlook: 24-Hour 🌤️, ☁️ Ahead for the Next WeekA forecast of sunny ☀️ conditions with some light clouds ☁️ is expected over the global crypto market in the next 24 hours, signaling a slightly bullish market with upside potential for Bitcoin and other coins.
ATTMO is, however, pessimistic over a one-week horizon as it suggests that this positive trend will reverse, as clouds ☁️ and rain 🌧️ sweep over the crypto universe.
Binance, Polkadot, and Chainlink will continue to be unaffected with slightly bullish sun ☀️ likely to persist. 📈
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Cryposignals
CRVUSDT🌟from now in lower time frames this alt either goes in a big side way stance or goes in high bullish bias , followed by a greater bullish stance in mid term after that so its a reasonable time to enter and save for targets
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UTKUSDT - new higher high coming.UTKUSDT has provided us with a nice bullish impulse followed by a correction to the 0.50 fibonacci also in confluence of the uptrendline support, now im expecting to see the continuation to the upside and market to form a new higher high from a daily perspective, on the 4hr timeframe we can see multiple rejections and a double bottom forming at support, waiting for a break above the neckline then if all other entry rules are met we will take the long.
WavesUsdt Sell Opportunity.The high of wavesUsdt is near. I will give updates on this chart. Ask any questions on the comment section. Thank you.
Bitcoin : 3 important things to watch (TA perspective)Another choppiness and another consolidation type of pattern on the bitcoin's price movement. Earlier this morning, we've seen a push toward the $10500 and right at the white resistance zone which is now becoming a strong resistance zone. During this consolidation phase, I'll show you 3 important things we need to be aware of in this chart.
1. White resistance trend line
At first time, I'll always start with the most crucial things on this current market structure. It's the white resistance trend line which has been broken out since the early October. I see this as an important trend line because since the break out event which I consider this as the first phase of my break out strategy, we haven't seen any sign of retesting this broken resistance as a support which is the phase 2. Based on my valuation, we can see a potential retest zone at the blue region if we consider the price action in the historical data. That's why at first deduction, I highly recommend you to save some of your fund to accumulate more at this zone which is around $10800 - $10500.
2. Assuming parallel channel
If we assume the parallel channel, we can find an important and valuable uptrend channel here. It shows us the representation of the bulls which is now gaining any strength. We see a rejection point right at the upper line of this parallel channel and we see the rejection point toward the support at the median line of the channel which is becoming the support trend line for now. What makes this parallel channel more important is that if the price can breaks below this median line, we can see further push toward the lower line of this channel which is moving in alignment with the blue region which I've covered on the first point.
3. Green dotted line
This green dotted line is also crucial as it was a broken horizontal line after the long consolidation from August - September 2020. After a break down, we see the first retest at September 19th and it also got rejected. But, at the 2nd test toward this resistance, the price is able to break this horizontal line. However, at current condition, the price is still trending above this horizontal support which we can consider this as the crucial point too.