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RLinda ! XRPUSDT-> Trend change. Price is testing resistance XRPUSDT. On the chart, we see the change of the uptrend to bearish and a good opportunity to enter the market, as the price is trading near the resistance zone. On the chart, we can see that from the support 0.2935, the price forms an upward price channel, but could not get above the level of 0.3875, the price made only a false resistance breakout and started to change the trend. We can see a change in the trend, formation of the range boundaries, thus we can identify the boundaries of the downward price channel. The price rolls back to the resistance area and consolidates under the trend line after the false breakout I assume that after testing the resistance zone we may see the price fall along the trend line. The short-term target is the support and liquidity zone 0.2935 Regards R. Linda!
Short
by RLinda
10
RLinda ! BTCUSDT-> Big sales, support test. What's next? BTCUSDT breaks the 19830 limit zone and forms a strong bearish momentum within the bearish price channel and thus tests the 18626 support level and channel support. We see price making a false breakout and starting to form a pullback Since we have a strong bearish trend, I think that the momentum might not be over and if the price stops and goes back to retest 18626 support, breaks through the support and consolidates under it, there is a chance that it will continue going down to 17622. But we have a false-break of the price channel, and the price reacted strongly to that support trendline, so chances are high for the price to retrace to the resistance at 19830. I assume that the fall will continue, but we have to wait to see what the price will show. If the price starts to test 18626, then we look for an entry point near this level. If the price continues to form a pullback, then we look for resistance 19830. Regards R. Linda!
Short
by RLinda
26
RLinda ! HBARUSDT-> Breaking resistance of the downward wedgeHBARUSDT is trading in a bearish trend, but on the local chart we see the formation of a bullish set-up "descending wedge". On the chart we see a breakdown of the descending wedge resistance and testing of resistance 0.0632, I expect that on the retest of this level its breakdown with the subsequent activation of orders and a strong surge in volumes is possible. I assume if the price can consolidate above the previously broken resistance of the descending wedge, then there are all chances to see a good growth against the local trend. The potential of the pattern is quite high. The short-term target is resistance at 0.0674. Regards to R. Linda!
Long
by RLinda
16
RLinda ! BNBUSDT-> Price is pushing up against limit support BNBUSDT is in the stage of formation of Head & Shoulders pattern. We are watching the upward price channel break after the price tested resistance 336.4. On the chart I have marked the key patterns: upward channel, head and shoulders pattern and an attempted trend change. The global movement is a bearish trend. There are chances that the price is going to continue this move. I assume, as there is a strong limit support of 274.8 formed on the chart, the price has been forming a pre-breakdown consolidation near the level for a long time, there is every chance of a breakout. At the moment, the leading cryptocurrency coins are in the red zone and can pull BNBUSDT. The short-term target is support at 241.9 and the medium-term target is the liquidity zone at 217.8 Regards to R. Linda!
Short
by RLinda
16
RLinda ! ETHUSDT-> H&S and breaking the Uptrend. What's next?ETHUSDT Breaking it down: The global trend is still bearish and there is not yet a strong price reaction to change it, recently we saw a bullish movement, which many considered as a trend break. After the price tests the trend line from November 2021, the price reacts and forms a strong downtrend impulse and on the pullback it consolidates under the trend support, and here we see the formation of the H&S pattern. A new downtrend channel started to form on the chart (even two, local and global. The resistance of the global one is the trend line. The price reaches the right shoulder of the pattern and breaks the support, but a technical pullback is formed and the price is still in the shoulder area, but under the strong resistance (after the false breakdown) at 1597.5. I assume that if this pattern does not break and the price holds the position under the resistance of 1957.5, then there are all chances for the continuation of the movement to the support of the 915 range. There are also important liquidity zones below, which the price can strive for. The short-term target is the support of 1361, the medium-term target is the liquidity zone 915. Sincerely R. Linda!
Short
by RLinda
19
RLinda ! BTCUSDT-> Stalemate. Downward wedge and dovntrendBTCUSDT The price shows us an interesting situation and thereby trying to confuse. On the chart, the price after the activation of the bearish set "Rising wedge" forms a downward price channel and two strong downward impulses, within which the fall was about 18%. But if you look closer you can see a downward wedge within the descending price channel, the price breaks through the wedge resistance, but there is no strong reaction of the price, the price forms a pullback after the breakdown and falls, breaking the support 19830, in fact the price is in the critical zone We should also pay attention to the trend lines MA 50 and MA 200, the price made a false-break and went below them, and started to descend. On the chart I marked two potential scenarios, to enter the market it is necessary to wait for the price to show the development of a specific situation, I still believe that the bears have more potential and they can sell the market down, closer to the liquidity zone 17622. Regards R. Linda!
Short
by RLinda
23
RLinda ! ETHUSDT -> Breakdown of correction supportETHUSDT. On the chart there is an interesting situation in the resistance zone of the global descending channel. As we can see, then from the support, around the beginning of June, the formation of an upward corrective movement began, which reached the channel resistance. The price tests the zone and at some point breaks the support of the local uptrend channel. Consolidation in the short zone is formed. The chart clearly shows how the price on low volatility consolidates under the support. Here the short potential begins to form, as there is no update of the local tops and the market now preconditions are more to the fact that the fall will continue. I assume that in the midterm we can expect a fall in the price, the nearest target is the support of 1355, the next one is the support of 915, Regards R.Linda!
Short
by RLinda
21
BTCUSDT ! Rising wedge on a bearish trend 🤯BTCUSDT is trading in a LOCAL uptrend, but despite this, there are hints of a possible downtrend. Let's look into this: *Remind that the global trend for bitcoin is bearish We have an uptrending price channel and an important zone for price at 26740, the local liquidity zone. We pay attention to the uptrend, the uptrend channel and the MA trend lines. Resistance levels in an uptrend play the role of a magnet. At the same time an interesting pattern is forming in the uptrend channel: Rising wedge: bearish pattern. The volume of trades is decreasing, despite the growth of the price. Possible interpretation: sellers are preparing for a bearish break-down. While the price is trading inside the wedge, do not look for entry points, only on the breakdown of the set-up. The short-term target for the long position is resistance 26740, for the short position the liquidity zone is 22423. Regards, R.Linda!
by RLinda
28
August 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 2.1% over the last 24 hours and fell to an intraday low of $22,875.16. Bitcoin dropped the 20-day exponential moving average (EMA) ($23,412) today, and the relative strength index (RSI) has dropped below the midpoint, suggesting the market optimism reverted to a sellers' market. For now, the bears will attempt to pull the pair below the 50-day simple moving average (SMA) ($22,274). Today’s Cryptocurrency Headline Tether Hires Top 5 Accounting Firm BDO for Reserve Attestations Stablecoin issuer Tether announced on Thursday that it has partnered with BDO Italia, the Italian arm of the world’s fifth-largest accounting firm, to issue assurance and attestation reports of its reserves. Tether will no longer work with the Cayman Islands-based accounting firms Moore Cayman and MHA Cayman. Tether began working with BDO Italia for quarterly attestations in July, Tether said, adding that it plans to move to monthly attestations. Tether also plans to conduct a full audit in the future. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX