BITCOIN 1HR ANALYSIS 🚨 BITCOIN 1-Hour Analysis 🚨
Here’s what we’re watching:
📈 Upside Targets:
• TP1:105800
• TP2: 107700
📉 Downside Targets:
• TP1: 102900
• TP2: 104400
So we have to watch out for $104300- $104800level. If BTC stays below then you can target downside targets and if above then you can target above levels mentioned as TP(take profit)
Keep an eye on key levels and trade smart! 💹
What’s your take? Drop a comment below and share this with your trading crew! 🚀
Resistence
Will ETH take the direction of growth?Hi everyone, let's look at the 1D ETH to USDT chart, in this situation we can see how the price is moving in a downtrend channel, currently there is no indication of which direction it will go.
Let's start by defining the targets for the near future that the price has to face:
T1 = 3357 USD
T2 = 3502 USD
Т3 = 3600 USD
Т4 = 3729 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 3211 USD
SL2 = 3016 USD
SL3 = 2877 USD
SL4 = 2704 USD
If we look at the MA indicator we can see how the blue line has entered above the orange one, which indicates the entry into a temporary uptrend, where the price may try to continue to grow.
Will BTC continue its uptrend?Hi all, let's look at the 1D BTC to USDT chart, in this situation we can see how the price has broken out of the downtrend line and currently we can see how we are struggling to move towards the recent ATH at $108700.
Let's start by defining the targets for the near future that the price must face:
T1 = 106275 USD
T2 = 108476 USD
Т3 = 112839 USD
Т4 = 115756 USD
Т5 = 118876 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 102746 USD
SL2 = 100744 USD
SL3 = 99094 USD
SL4 = 97479 USD
SL5 = 95161 USD
It is worth taking a look at the MACD indicator, which shows that we have entered an uptrend again, and here we have a visible place for this trend to continue.
Additionally, on the SMAs 20 and 50 we can see how we are getting closer to returning to a strong uptrend.
SOL as a US reserve? Trump's new idea.Hello everyone, I invite you to a review of SOL paired with USDT over a wide interval of one weekend. As we can see, the price was moving in a downtrend channel from which the top emerged and here you can see how we are staying above this channel.
We also have a visible upward trend line along which the price is currently moving to maintain the upward trend.
Going further, it is worth noting that the price again returned above the support zone from $203 to $185, and below the zone there is strong support at $165, which kept the price from falling to around $142.
Looking the other way, it can be seen that the price first has to face a very strong resistance zone from $238 to $261, only when it manages to break out of it, the path towards $300 will open.
ETC/USDT - 1W interval Chart Hello everyone, I invite you to review the ETC pair to USDT chart, taking into account the interval of one weekend.
As we can see, the price is currently in the support zone from the level of $25.60 to the level of $24.27, but if the zone is broken, we still have visible support at the level of $21.85 and then we can see a drop to the level of $17.55.
Looking the other way, when the trend reverses, the important resistance level is $29.35, then the resistance level is $33.30, and the next significant level is $36.26.
Follow The Trend or Wait for Retracement...NSE:BAJAJ_AUTO trade at 10500. Support is at 9700 and Resistance at 10600.
P/E RATIO - 36.35 Industry P/E - 23.75
On the 23rd AUG Bajaj Auto give a Breakout above 10000 level. You can wait for Retracement otherwise Follow the Trend for Next Resistance at 11200-11500.
COTI/USDT 1W chart reviewHello everyone, let's look at the 1W COTI to USDT chart, in this situation we can see how the price was moving in a downtrend channel from which the upper one dynamically emerged, but now we have returned to the upper border of the channel which keeps the price from moving further.
After unfolding the Fib Retracement mesh, resistance can be seen at the following levels:
T1 = $0.137
T2 = $0.158
T3 = $0.173
T4 = $0.196
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $0.111
SL2 = $0.088
SL3 = $0.07
Looking at the RSI indicator, we see
as it returned to the middle of the range where the upward trend had previously reversed.
LINK/USDT 4h chart reviewHello everyone, let's look at the 4h LINK to USDT chart, in this situation we can see how the price is moving along the local upward trend line, but here we have bounced off the visible resistance at the levels:
T1 = $25.44
T2 = $26.71
T3 = $28.48
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $23.70
SL2 = $22.29
SL3 = $21.29
SL4 = $19.75
MKR/USDT 4H Interval ChartHi everyone, let's look at the 4h MKR to USDT chart, in this situation we can see how the price has broken out of the uptrend line and the attempt to return above it has failed. Locally, a downtrend line is visible and the price remains below it. Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels:
T1 = 1708 USD
T2 = 1844 USD
T3 = 1955 USD
T4 = 2067 USD
T5 = 2225 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 1591 USD
SL2 = 1386 USD
SL3 = 1118 USD
On the RSI indicator, we can see how we have turned back after crossing the upper boundary and it can be seen that there is still room for the price to continue to fall.
Will XRP stay in the sideways trend channels?Hello everyone, I invite you to a quick review of the XRP to USDT chart on the 12H interval.
As we can see, the XRP price is moving in a sideways trend channel in which the price bounce did not effectively overcome the resistance at $ 2.27, the next resistance is at $ 2.47, but then we have visible resistance at $ 2.61, another strong resistance is at $ 2.78, and only when we have a positive exit from the channel, the price can get a strong upward impulse around the resistance at $ 3.29.
In a situation where the market will have a further reaction and the price will start to fall again, we have visible support at $ 2.22, then strong support at the lower limit of the channel at $ 1.94, however, if the price leaves the channel at the bottom, it may get a drop to around $ 1.72, and further, taking into account the height of the channel, there may be a price reversal to $ 1.39.
The RSI indicator has room for continued growth, but a lot depends on the behavior of BTC itself.
What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles.
Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072.
If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of $101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.