BTC: Overbought at ResistanceBitcoin (BTC) technical analysis:
Trade setup : Trends have reversed to Uptrend and price has surpassed our target of $32K. Now, price is getting very overbought (RSI > 80!) near $35K resistance and we could see some profit taking near-term, which is the reason for our Neutral rating. We’re looking for a pullback for another swing entry opportunity. Where could the price pull back to? Nearest Fibonacci retracement levels are BER:33K (23.6%) and $32K (38.80%). Previously, 1) price broke through the down trendline (blue line in chart), 2) broke above $28K resistance where it got rejected 2x, and 3) broke above 200-day moving average, and most recently 4) broke above $32K resistance.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $32K (previous resistance), then $30K. The nearest Resistance Zone is $35K.
Cryptoanalysis
MINA/USDT Ready for an Explosive Journey? MINA Analysis Today 💎Yello, Paradisers! focus on MINAUSDT! Its trajectory within the descending channel is nothing short of intriguing in the 1H timeframe. With evident buying momentum, it's poised for a potential upward swing.
💎In the last couple of days, Mina has been navigating this descending channel. After a recent touchpoint with the channel's lower boundary, it's reigniting its bullish momentum. There is a high probability that it will climb toward the projected resistance and supply zone.
💎Yet, caution is key. If MINA slips below the demand zone, it's highly probable it will retreat to the support for another evaluation.
💎Hone your trading decisions for MINA with ParadiseFamilyVIP. Delve into our expert analyses on MINA and other potential tokens, refining your crypto approach.
MBOX/USDT Likely to Go a Bull Ride? MBOX Analysis 💎 Yello, Paradisers! shift your focus to MBOXUSDT. It's currently charting a path within a trading channel, suggesting a potential bullish swing.
💎 For quite some time, MBOX has been maneuvering within this descending channel. The current dynamics hint at a possible ascent towards the Bearish OB and the overhead supply zone.
💎 As it stands in the demand zone, a breach past the .2655 threshold could bolster the bullish trend. While beginners might contemplate shorting around this level, it's wise to adopt a panoramic view.
💎 Conversely, if MBOX dips below the .2400 demand mark, it might be gearing up to touch a sturdier support zone. As always, keep a keen eye and plan your moves with foresight.
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Long trade setup for KNCUSDTFor the BINANCE:KNCUSDT.P Long Trade Setup, the following values are suitable for our interval trade:
Entry: 0.7213
Target: 0.7696
Stop: 0.6955
Cost Reduction: -
The profit is reasonable relative to the risk.
*This is not investment advice; you can lose money. Crypto AI Signals is not responsible for any trades. 🚫💰
DOGE: Overbought at ResistanceDogeCoin (DOGE) technical analysis:
Trade setup : Trends are mixed but improving. On the positive note, price has regained the $0.06 key level and rallied to $0.07 resistance area, which is also a 200-day moving average. Near-term, is very overbought (RSI > 75), so we could see some profit taking. Price really needs to break and stay above 200-day moving average ($0.07) to confirm an Uptrend.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070, which it broke, then $0.100.
ICP: Approaching ResistanceThe Internet Computer (ICP) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price has reached our target of $3.50. It is now overbought (RSI ~ 70) and could pause briefly. Trends are improving but price needs to break above the 200-day moving average (~$4.16) to confirm an Uptrend.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $2.87. The nearest Resistance Zone is $3.50, which it broke, then $4.50, and $5.00.
CELR/USDT Likely to Go for a Bullish Momentum | CELR Analysis💎Yello, Paradisers! shift your focus to CELRUSDT. It's currently charting its course within a descending channel and suggesting a potential bullish breakout.
💎For an extended period, CELR has been confined within this descending channel. The current dynamics suggest a potential move towards the Bearish OB and the overhead supply zone.
💎As it hovers in the demand zone, a breach past the .01304 threshold will amplify the chances of bullish momentum. While some novices might consider shorting at this point, it's wise to adopt a more holistic view.
💎Conversely, if the price dips beneath the .01250 demand point, there's an increased likelihood of revisiting a stronger support level. As always, it's essential to stay alert and plan your moves strategically.
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DOGE: Overbought at ResistanceDogeCoin (DOGE) technical analysis:
Trade setup : Trends are mixed but improving. On the positive note, price has regained the $0.06 key level and rallied to $0.07 resistance area, which is also a 200-day moving average. Near-term, it appears overbought (RSI > 70), so we could see some profit taking. Price really needs to break above 200-day moving average ($0.07) to confirm an Uptrend.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
APE/USDT Had an Explosive Bullish Run | What's Next?💎Yello, Paradisers! shift your focus to APEUSDT! It's currently positioned within a strategic trading zone, hinting at a potential adjustment due to the looming supply zone above.
💎In the past few days, APE has been charting its path within this trading channel. Indicators suggest a high probability of an impending correction. Importantly, APE has consistently maintained a significant resistance level at $1.306, facing rejections on two distinct instances.
💎Yet, there's an additional supply zone ahead with an untouched OB. If APE sustains its current bullish drive, it could approach the above supply zone and then go for a correction.
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INJ/USDT Ready for Bullish Momentum? INJ Analysis🚀 💎Yello Paradisers! Let’s dive deep into INJ! It’s evident that it’s maneuvering above a trading channel and is about to explode.
💎 A meticulous examination reveals a transition from demand to supply in INJUSDT, leading to a significant decline in price, touching the channel support.
💎 Rebounding from this support, the asset is rekindling its bullish momentum, targeting the surpassing of the supply zone. Fascinatingly, a breach of channel resistance could catapult us to the Extreme OB level.
💎 It’s also imperative to acknowledge that a breach below the 6.40 level could likely prompt a retest of the bullish OB level.
💎 Employ wise trading tactics and implement stringent stop-loss protocols
💎 Keep your senses tuned to market fluctuations and stay poised for more insights!
SAND/USDT Ready for an Epic Bullish Journey | SAND Analysis💎Paradisers, focus your attention on SANDUSDT as it presents an intriguing trajectory. Positioned within a demand zone, it has seemingly established buying liquidity and is primed for a potential bullish surge.
💎SAND has been navigating a descending channel formation for an extended period. Recently touching the channel's support, it's now reigniting its upward momentum, fueling confidence in its ability to move towards our projected resistance level.
💎Nonetheless, it's imperative to stay watchful. If the price breaches the demand zone, there's a strong possibility it will revert back to the support level for a retest.
💎Refine your mastery of entry and exit points for Sandbox with ParadiseFamilyVIP. Delve into expert insights on SAND and other promising coins, enhancing your trading strategy.
STG/USDT Ready for an Explosive Journey | STG Analysis💎Yello, Paradisers, shift your gaze to STGUSDT. This coin is currently undergoing a significant transition after successfully breaching a descending channel and hinting at a potential bullish phase.
💎There is a higher probability that it will continue its bullish stance because it has emerged from the descending channel, setting its sights higher on the above supply zone pegged at 0.45. At this level, novices might consider shorting.
💎Yet, for those who stay updated and proactive, if STG can overcome this supply barrier, the chances of it aiming for the bearish OB increase considerably.
💎Conversely, given the ever-changing nature of the market, if SargateFinance faces resistance around the 0.4186 supply point, it will likely revisit the support below.
💎As always, prudence and strategic insight are paramount. Refine your trading decisions for STG with ParadiseFamilyVIP. Dive deep into our expert analyses on STG and other potential tokens to streamline your trading approach.
AVAX/USDT Ready for Bull Momentum? 🚀AVAX Analysis Today💎Paradisers, set your sights on AVAXUSDT! Its current trajectory is both intriguing and promising, as it stands strong at a pivotal support point, hinting at a potential upward swing.
💎In recent days, Avalanche has been charting its course within a descending triangle. Breaking past the triangle's support, it's now on an upward trajectory.
💎The first resistance hurdle is set at the $9.36 benchmark, followed by a sterner test at $10. Given its stance in the demand zone, we're optimistic about its chances to tackle these resistance points.
💎Yet, it's essential to stay alert: if AVAX dips below its current support, a bearish downturn towards the marked support could be on the horizon.
💎Sharpen your trading decisions for AVAX with ParadiseFamilyVIP. Delve into our expert analyses on AVAX and other potential tokens, refining your crypto game plan.
SOL/USDT Mid-term Potential movement Solana Today Analysis Hello Paradisers, spotlight on this token!
💎 SOL has recently broken a support bullish trend, with potential continuation downwards post-retest.
💎Currently, SOL is navigating its demand zone and must reclaim the support trend to aim for a bullish trajectory.
💎However, if SOL struggles to reclaim and pierces through the demand, it might descend toward the Bullish Order Block.
💎In this vicinity, keep an eye out for any robust rejections once SOL approaches the Bullish Order Block. Absence of bullish signals might see SOL venturing further down to a more formidable demand zone. Always remember to trade with prudent money management in place.
BTC: Resistance BreakoutBitcoin (BTC) technical analysis:
Trade setup : Trends are improving: 1) price broke through the down trendline (blue line in chart), 2) broke above $28K resistance where it got rejected 2x, and 3) broke above 200-day moving average, and most recently 4) broke above $30K resistance. It is getting overbought (RSI > 70) and we could see some profit taking near-term but after that, we price could revisit $32K.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $28K (previous resistance), then $25K. The nearest Resistance Zone is $30K, which it broke, then $32K.
AAVE/USDT has an Exciting Bull Run | What's Next for AAVE? 💎Yello Paradisers! shift your gaze to AAVEUSDT! It's currently positioned within a strategic trading zone, hinting at a potential adjustment due to the looming supply zone above.
💎In recent times, Aave has been charting its course within this trading channel. There is a high probability that it's going for a correction. Importantly, it has consistently maintained a key resistance level at $88.05, facing rejections on two distinct occasions.
💎Yet, there's an additional supply zone ahead with an untouched OB. Should AAVE sustain its current momentum, it could very well approach this supply zone and then go for a correction.
💎Sharpen your trading strategies for Aave with ParadiseFamilyVIP. Delve deeper into our expert perspectives on AAVE and other potential coins, enhancing your crypto journey.
COMP: Approaching ResistanceCompound (COMP) technical analysis:
Trade setup : We wait for price to break back above $47 resistance and 200-day moving average (~$45), which could signal resumption in Uptrend with near-term upside potential to $60 resistance.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $36, then $30. The nearest Resistance Zone is $47, then $60, and $70.
AAVE: Resistance BreakoutAAVE (AAVE) technical analysis:
Trade setup : Following a bullish breakout from Channel Down pattern, price rallied 40% and has broken above 200-day moving average, which could signal bullish trend reversal to Uptrend. Upside potential to $80.
Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $65, which it broke, then $80, and $95.
STX: Approaching ResistanceTrade setup : Following a bullish breakout from Descending Triangle pattern, price rallied 30% and reached our target of 200-Day moving average ($0.61). It is getting overbought (RSI > 70), so near-term, we could see some profit taking, which could be a swing entry opportunity. Stacks (STX) is a platform for scaling and building on top of Bitcoin.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.43, then $0.30. The nearest Resistance Zone is $1.05, then $1.30.
BLZ/USDT Ready for Explosive Bull Rally?🚀 Bluezelle Analysis 💎Yello Paradisers, set your sights on BLZUSDT! It's currently holding strong at a pivotal support, hinting at a potential upward swing.
💎From our observations, BLZ has been tracing a descending channel in 4HR. Presently, it's maneuvering within this channel, with the upper boundary acting as resistance. Based on our projections, there's a significant chance that BLZ will aim for the supply zone in the near future.
💎However, if Bluzelle can't maintain its position above the support and breaks through, anticipate a marked descent. In case of support breaches, we have highlighted the next potential support.
💎Refine your trading strategies for BLZ with ParadiseFamilyVIP. Dive into our expert analyses on BLZ and other potential tokens, streamlining your crypto journey.
LQTY/USDT on the Move, Get Ready! Liquity Analysis 💎Paradisers, stay alert! LQTY/USDT is gearing up to break free from a triangular channel and is currently navigating a demand zone. We're bullish about its chances for an upward surge.
💎Lately, the asset has been moving within a specific range. It previously hit a resistance at a bearish order block around the $0.925 level. Given its renewed upward momentum, it looks set to challenge this resistance once more.
💎Keep an eye on the overhead supply zone and the bearish order block confirmed on longer timeframes; these could be the next targets for LQTY.
💎If the Liquity falls below the demand zone and key support, be prepared for a potential downward move.
💎Keep your charts refreshed and stay tuned for more updates!
MATIC is Ready For an Explosive Bullish Move 🚀| MATIC Analysis💎 Paradisers, stay alert! MATIC/USDT is currently traversing a demand zone, and we are holding a positive outlook for a potential upward journey.
💎 In the past few days, its movement has been restricted to a specific range. It previously faced resistance at the bearish order block, close to the $0.52 level.
💎 Given its ongoing upward momentum, MATIC appears ready to challenge this level once more.
💎 Keep a close eye on the supply zone and the bearish order block discerned on longer time frames; these are probable targets in the short term for Polygon.
💎 However, if the MATIC falls below the demand zone and vital support, be ready for a potential downward shift.
💎 Stay vigilant and keep an ear out for more insights! 🌴