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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
ETHUSDT ! The price rollback to the support zone. What's next?🤔Ethereum is in an upward price channel. Together with the support of the channel passes the trend line MA 200, which marks a strong zone for us. Below the channel a strong support from May 2021 is forming. On the chart we see a strong intraday downward momentum that could herald a correction. I think it could reach the support zone of the price channel, after which an upward move could continue. The target for the etherium could be both the resistance of 2300 and the trend line, which originates from November 2021. I assume, as the price forms a correction, it may test the support zone in the near term. I expect the support to be tested by either touch or false-break, after which the upward movement may continue. Regards R. Linda!
Long
by RLinda
25
BTCUSDT ! Pre-break consolidation, level retest. What's next?👾Bitcoin. The cryptocurrency is in an uptrend channel. Yesterday the price makes a retest of 24670 level, but this maneuver was false and after the false breakdown we see that the price is not falling, but forming a pre-break consolidation. We see that the coin continues its growth. There is an ascending price channel formed on the chart and the price has previously tested local support based on the local channel and the trend lines MA 50 and MA 200. There are no levels above the price to the resistance area 27250 and in fact, this field is clear and the price can reach this level very quickly. I assume that the growth can continue, the key zone for the price is the resistance and liquidity zone 27250, which is worth paying attention to in the medium term. Regards R. Linda!
Long
by RLinda
53
BTCUSDT ! Strong support and rising trend lines. What's next? 🤖BITCOINis in an ascending price channel. But an interesting situation is forming on the chart at the same time: a false breakout and pullback to the support zone to the local price channel. At this point there are two trend lines MA On the chart I marked two expected scenarios: formation of a break-up and correction. Breakout upwards is a priority! The price is in an uptrend. a local uptrend channel is formed and we have strong support! But cryptocurrency market is unpredictable and at the moment the growth of cryptocurrency market is not proved by anything, local price sitting is possible and as below 23500, 22650, 22400 are strong liquidity zones, anything can happen. Regards R. Linda!
Long
by RLinda
28