TOTAL2TOTAL2
TOTAL2 is the total market capitalization of cryptocurrencies, excluding the total capitalization of BTC.
On the chart, after a long accumulation since May 2022, we see the first glimpses of growth. 2 week green candles.
For further growth, we need to break through the green resistance and gain a foothold above it. After this we will be able to take the following targets: 733 - 834 - 899
If this happens, then we will see how all the alts will start shooting. In case of updates, we will definitely inform you.
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Cryptocurrencyforecast
DOGEUSD: Forecast 2023DOGEUSD: Forecast 2023
Medium term idea. The coin has been in accumulation for more than a year. As a rule, after such a long accumulation, an impulse growth follows. Most likely he will be somehow connected with Musk and Twitter.
After breaking through, we expect taking such targets on the chart: 0.1187 - 0.1396 - 0.1653 - 0.2027
We also offer the idea of a more local trade: You can trade in the green channel. When the price approaches the resistance zone, we fix the part, and re-enter on the rebound down. At the same time, we advise you not to touch the main part of the deposit, which lies in the doge, when the pump starts, the price will very likely fly up without any rebounds and retests.
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SOLBTCSOLBTC
Solana paired with Bitcoin is trading in the green channel. It will be very good if we continue to be in this range and gradually move down to the red line. Then Solana will have a great chance to show good results in the next altseason.
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XRPUSDTXRPUSDT
At the time of writing this post, the price is at the level of 0.57 and is trying to break through the key resistance at the level of 0.58.
If buyers take the initiative and are able to push the price higher, we will see a likely breakdown of this resistance (red line).
If after breaking through we are able to gain a foothold above the level of 0.58, then we will very likely see further growth.
In this case, our targets will be the blue lines: 0.6806 - 0.7314 - 0.8388.
In case of any significant updates, we will update the idea.
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SOLUSDTSOLUSDT
The coin began to grow well from the end of September and is now trading in the green channel, which began to form in April 2021. There are quite large volumes in the channel itself. This creates some problems for the buyer, because it is very difficult to break through such volumes quickly. Perhaps we will remain in this green range for a long time. For further growth, you need to break through the channel resistance and gain a foothold higher.
In this case, we will consider the goals:
1 - 56.53
2 - 67.36
3 - 77.4
There are almost no volumes up to the level of the last target. In case of growth, do not forget that the higher the goal, the more dangerous it is. Don’t be greedy and fix parts of your profits on time, so that a sharp drop doesn’t eat up your entire profit.
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ETHUSDLONGSETHUSDLONGS
On the chart, there was a sharp collapse in ETH longs. This is a likely signal for a subsequent correction of the coin.
But this does not mean at all that the collapse will happen tomorrow or within a week. Perhaps the correction will follow only after six months.
If there is an update, we will notify you.
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BTCUSDTBTCUSDT
We are currently seeing some interesting BTCUSDT price action. The second time the price is trying to break through the strong resistance at $31162. We consider two scenarios.
Bearish scenario: If BTC fails to break through the indicated resistance and bounces off of it, we may see a reverse bounce down. Our green trend line may come under pressure and if the price moves lower, the next support levels are in the $23345-$19942 range.
Bullish scenario: In the event of a breakdown and holding positions above the $31162 resistance level, this may open the way for further growth. Here our targets will be in the range of $33900-37100
Our recommendation: We advise you to keep 10-20% of your deposit in BTC in case the 2019 scenario repeats.
Good luck and good deals!
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LDOUSDT 16/10Pair : LDOUSDT
Description :
Bearish Channel in Short Time Frame and Breakout the Upper Trend Line and Completed the Retracement. Consolidation Phase as Correction in LTF if it Breaks Upper Trend Line then it will Reach its Daily Descending Trend Line
Entry Precautions :
Wait Until it Breaks or Rejects from Consolidation Phase
ETHUSDETHUSD
Thoughts
On the ether chart, we observe uncertainty, as well as on all market assets in principle. The chances of going up or down are literally 50/50.
I would refrain from trading ETH for now, because I don’t really like such situations. But for those who trade, I will highlight the main theses on the chart:
The blue lines indicate the nearest targets in case of a breakout of the chart up. These are the levels: $2113 - $2271 - $2457
Support levels are marked with red lines: $1532 - $1717
Global support is at $1379
Of course, it is worth focusing strictly on BTC and its reaction. While we are monitoring the market and in case of any updates we will inform you about everything.
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DXY (USD Index)DXY (USD Index)
DXY is a measure of the value of the US dollar against a basket of 6 major world currencies. If the DXY goes up, it means that the dollar is getting stronger.
Now DXY has broken the downtrend and is at the level of 104.17. This may indicate the growth of the US economy or a decrease in global risks.
📗Following targets are indicated on the chart with blue lines: 105.25 - 106.33 - 107.67
But how does this affect the crypto market?
First, a strong dollar may reduce investment in risky assets such as cryptocurrencies, as investors may prefer safer assets.
Secondly, with the growth of the dollar, the price of cryptocurrencies, expressed in dollars, may artificially decrease.
But remember that the cryptocurrency market is subject to its own laws and can sometimes ignore the classic laws of the financial market.
Stay connected and stay tuned!
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ATOMUSDTATOMUSDT
Parsing
A symmetrical triangle pattern appeared on the chart. Exits from a symmetrical triangle can be either up or down, depending on which level breaks first. If the price of an asset breaks through the resistance level, then this indicates that an uptrend is starting in the market. If the price of an asset breaks through the support level, then this indicates the beginning of a downtrend.
It should also be noted that the symmetrical triangle can only be applied in certain market conditions, when the price of an asset is in a sideways trend and does not have a clear direction. In short, the symmetrical triangle is the most misunderstood of all triangle patterns.
So far, the following picture has emerged on the global chart:
The main support for atom is at $8.494 and $6.393. In the event of a collapse of the entire market, it is worth looking for rebound zones at these levels.
We would not recommend taking short-term positions yet. It is worth waiting for the breakout of either support or resistance of the symmetrical triangle. In case of breaking through the resistance, it is worth considering the following targets: 17.124 - 19.925 - 23.621 (marked with blue lines on the chart)
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XRPUSDTXRPUSDT
Ripple, after winning the court, did not particularly show any movements. We had a quite logical and expected rollback down.
If the support of 0.5796 holds, then we will very likely see an increase to the levels of 0.8716 - 1.056 - 1.175
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LTCUSDTLTCUSDT
Litecoin may exit the falling wedge upwards. This pattern is a bullish pattern that usually leads to higher prices. In case of successful completion of the pattern, the targets are considered at the level: $94 - $98 - $100.55
At the same time, we advise you to enter the position only with a small percentage of the deposit, because BTC can very likely go even lower. In this case, the reaction will be appropriate.
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XRPUSDXRPUSD
Thoughts
After a long consolidation, Ripple has received a new impetus. At the moment, the price is approaching the global resistance zone at the level of 0.6.
If XRP is able to break through this level and gain a foothold above it, then the likelihood of further upward momentum increases.
In this scenario, we consider the following targets (indicated by blue lines): 0.6916 - 0.7476 - 0.8358 - 0.9038
We advise you to buy XRP 1% -3% of the deposit. It is also worth remembering that Ripple very often it goes against the market. It is worth remembering this and being prepared for such an outcome.
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DASHBTCDASHBTC
Thoughts
Today we will analyze the DASHBTC chart. Since the momentum of 2017, the asset seems to have died. This was the peak, after which we saw only a decline.
At the moment, the price has broken through another bottom and went into the area of the 2014 zone. There is no asset, no volumes either. We are now below the 0.005 zone and continue to make new lows.
The asset is losing its relevance, we advise you not to consider it as an investment or speculation yet. In case of any interesting updates on the chart, we will definitely inform you.
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BTCUSDTBTCUSDT
Thoughts
At the moment, there is a fading on the chart after the March impulse. A local resistance zone has formed and the price is gradually declining towards support.
Trying to guess where the course will go now is like playing roulette.
An upward trend can only be considered after the red resistance line has been broken. Before that, there can be no talk of a global long.
In case of a decline, you can look for rebound zones near the red lines at $24,370 and $23,650.
At the moment we are sitting without large positions in anticipation of a reaction on the chart.
There is no need to rush now. Our task is not only to earn, but also not to lose.
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WAVESBTCWAVESBTC
The situation for WAVESBTC is quite interesting - the coin has broken through its support line and is trying to find a new bottom. . WAVES should be considered for purchase only after the appearance of significant news or positive changes in the project. We do not recommend entering large volumes now. In case of any news, we will inform about everything in the channel.
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ZECUSDTZECUSDT: Channel trading
Price fixes below high volumes
Most likely, for some time the price will be traded in the channel, it is not worth buying in the middle of the channel.
Support about 39-26
If the $26 support is not triggered by the end of the bear market, the price will be looking for a new bottom.
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TWTUSDTWTUSD
Thoughts
On the 1-d TF, an uptrend is clearly visible. There was an attempt from buyers to form a local uptrend, but it was broken, and the price consolidated under $1.22, having come to the global support of the uptrend. The $1.22 level will be a serious resistance.
The price approached the buy zone, where you need to make a decision
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ETHUSDTETHUSDT
Thoughts
On the ETHUSDT chart, a Bullish Wedge pattern is forming.
A "bullish wedge" is characterized by narrow upper and lower boundaries that approach each other, forming a wedge-shaped structure. It often signals a possible trend reversal in favor of the bulls, especially if it forms in the context of a downtrend.
At the same time, it is worth considering that the observed wedge has some inconsistencies with the ideal pattern, which can mean a lot of uncertainty and risk.
When analyzing ETH, it is always important to consider the dynamics of BTC, since BTC contains the bulk of the capitalization.
Thus, despite the appearance of a bullish wedge on the ETHUSDT chart, we recommend focusing on the big picture, including the behavior of BTC. As always, carefully calculate your risks and act strictly with a cool head.
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