ACEUSDT.1DUpon closely examining the ACE/USDT chart, several important technical details can be observed that help in determining the current market condition and potential future movements:
Technical Analysis
Resistance and Support Levels (R1, R2, S1):
The ACE/USDT pair is currently under a significant bearish trend, having previously descended from a high that tested resistance level R1 at around $4.393.
The market has established a clear downtrend marked by the downward-sloping red line, indicating sustained selling pressure.
The current price is near a historical support level, S1. The response of the price at this level could be crucial for short-term direction.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) indicates a bearish momentum as the MACD line is below the signal line and continues to widen the gap, reinforcing the strength of the current downtrend.
The negative histogram values further validate the bearish sentiment prevalent in the market.
Zig Zag Indicator:
The Zig Zag pattern highlights the significant peaks and troughs, showing a clear downward trajectory. This pattern helps in identifying potential reversals or continuation of the trend.
Conclusion
The analysis of the ACE/USDT chart points to a bearish trend with critical support near the S1 level. Given the strength of the downward momentum indicated by the MACD, there is a high likelihood of continued bearish movement unless a significant reversal pattern emerges. Investors and traders should be cautious, as a break below the S1 level could lead to further declines. On the flip side, a bounce off this support might offer a short-term trading opportunity, albeit within a bearish context. Thus, monitoring the price action around S1 is imperative for those looking to trade based on technical signals. My strategy would involve preparing for potential downside but remaining alert for any signs of a bullish reversal, especially if other indicators begin to show divergences or if the price action suggests exhaustion of selling pressure.
USDT-D
ENSUSDT.1DUpon reviewing the ENS/USDT chart, several crucial insights can be gleaned from the technical setup:
Technical Analysis
Resistance and Support Levels (R1, S1, S2, S3):
The price recently retreated from the resistance level at R1 ($28.11), suggesting a lack of sufficient buying pressure to push through this barrier.
The first support level S1 ($10.86) might act as a critical juncture. If the price holds above this level, it could indicate a consolidation phase before a potential move upward. However, a break below this level could lead to further declines towards S2 ($6.72) and S3.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line below the signal line, indicating bearish momentum. This is further corroborated by the histogram, which is in negative territory, increasing the likelihood of continued downward pressure.
RSI:
The Relative Strength Index (RSI) is hovering around the 30 mark, nearing the oversold territory. This suggests that while the market sentiment is bearish, there might be a potential for a reversal if the index dips further into the oversold region and rebounds, signaling a possible exhaustion of selling pressure.
Conclusion
The current scenario in the ENS/USDT pair indicates a bearish trend with immediate support levels that will be crucial for determining future price action. The indicators suggest a cautious approach due to the bearish momentum illustrated by MACD and the near-oversold condition of the RSI. Investors should closely monitor the S1 level; a break below could exacerbate the bearish trend, whereas stabilization or a bounce from this level could provide a buying opportunity, particularly if other indicators suggest a shift in momentum. Given the current technical setup, my strategy would involve preparing for potential entry points if reversal signals appear at key support levels while maintaining readiness to adapt to a further downtrend if S1 is decisively breached.
HARDUSDT.1DUpon examining the HARD/USDT chart, several pivotal technical observations can be drawn:
Technical Analysis
Resistance and Support Levels (R1, R2, S1, T):
The price action on the HARD/USDT pair has seen significant volatility with a sharp decline from the recent highs around the resistance level R2 at $0.1603.
The price is currently retesting the resistance level R1 at $0.1112. The ability or failure of the price to break and hold above this level could determine the near-term trend direction.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) is in bearish territory, as indicated by the histogram values below the baseline and the MACD line below the signal line. This suggests that the downward momentum is still present.
RSI:
The Relative Strength Index (RSI) is below 50, which typically indicates a bearish sentiment. However, it is not extremely low, which might suggest that the selling pressure is not overwhelmingly strong at the moment.
Price Target (T):
The downward arrow pointing towards the support level S1 indicates a potential bearish outlook. If the price breaks below this support, further declines could be expected. However, any bounce from this level could indicate a temporary stabilization or a possible reversal.
Conclusion
The current market conditions on the HARD/USDT chart are bearish, with key resistance and support levels clearly impacting price movements. The technical indicators like MACD and RSI support a cautious approach, suggesting the prevailing downward trend might continue. Traders should watch for a decisive break above R1 for signs of a potential trend reversal. Until then, a bearish bias may be prudent, with particular attention to the support level S1 for further clues on price direction. This analysis advises maintaining vigilance and preparing for possible price movements based on these critical technical levels and indicators.
AMBUSDT.1DThis analysis of the AMB/USDT chart indicates several critical observations and possible future directions:
Technical Analysis
Resistance and Support Levels (R1, R2, S1, T):
The chart clearly shows that after hitting the resistance level at R2, the price experienced a significant drop, which it has not recovered from. Currently, it is testing the support level S1.
The downtrend line (marked in red) serves as a dynamic resistance level, and the recent bounce off this line suggests that the bearish momentum is still in control.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) is below the signal line and has been descending, which indicates a bearish market scenario. The histogram also supports this, as it is in the negative territory, reinforcing the strength of the downtrend.
RSI:
The Relative Strength Index (RSI) is close to the oversold region but not yet below 30, which might indicate that there's still room for downward movement before any potential reversal might occur.
Price Target (T):
The highlighted target (T) near the S1 line suggests an expectation of further price declines. If the price breaks below S1, it could accelerate the bearish trend, potentially leading to new lows.
Conclusion
In the current market condition, the trend is decisively bearish. Key indicators like MACD and RSI support this view. For potential investors or traders, it would be prudent to wait for a trend reversal signal before entering long positions. If the price sustains below the S1 level, considering short positions or waiting out the volatility might be advisable until a clearer bullish signal emerges. Caution is recommended, as the market shows strong bearish indicators.
Bitcoin (BTC): Will Crash Soon!The new week is here and bitcoin has successfully re-tested the 100EMA line, which was broken on June 23rd.
As we see a new daily candle (which is also an opening day for the week + month), we are seeing a nice rejection from 100EMA so far, which is working rather well.
We are waiting to see a re-test of local lows at the $60K zone and a movement to lower zones touching that 200EMA and breaking it as well!
Swallow Team
HelenP. I Bitcoin can decline a little more and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago price declined to resistance 1, which coincided with the resistance zone, and at once rebounded up to resistance 2. After this movement, it broke resistance 2, which coincided with one more resistance zone, and started to trades inside consolidation. In range, the price some time traded near resistance 2 and then in a short time rose to the top part of a consolidation, where later BTC reached the trend line and turned around. Then price started to decline between the trend line and firstly it fell lower resistance 2, thereby breaking this level and exiting from consolidation also. Next, BTC quickly declined to resistance 1, and broke it recently, after which continued to fall to 49K points. But a not long time ago it turned around and rose a little, so, for my mind, BTCUSDT will decline to 49K points again and then rebound up higher than the trend line. For this case, I set my goal at 55K points. If you like my analytics you may support me with your like/comment ❤️
KASPA / USDT 4H TIMEFRAME MEXC TECHNICAL ANALYSISFalling Wedge Pattern:
The chart shows a falling wedge pattern, which is a bullish signal. This pattern suggests that the price might soon reverse and move upward.
Oversold Conditions:
The RSI and Stochastic RSI indicators are in the oversold zone. This typically means that the asset is undervalued and could see a price increase soon.
Volume Spike:
There's a noticeable increase in trading volume as the price reaches the bottom of the wedge. This suggests strong buying interest and supports the idea of an upcoming upward move.
Potential Price Target:
If the price breaks out of the wedge, it could move toward the $0.22 to $0.24 range, as shown by the projected arrow on the chart.
Conclusion:
The chart suggests a potential bullish reversal. If the price breaks above the wedge, it could lead to a significant upward move. Keep an eye on the breakout level and consider managing risk by setting a stop-loss below the recent low.
This analysis highlights the key factors indicating a potential price increase for the KAS/USDT pair.
Technical Analysis of Velas (VLX) 4-hour time frame Descending Channel: The price is currently moving within a descending channel, indicating a downtrend. However, the annotation suggests a potential bullish breakout if certain conditions (such as deploying a bridge with Solana) are met.
Support and Resistance Levels: The chart shows several horizontal lines representing support and resistance levels:
Resistance at approximately $0.011946, $0.009130, and $0.007360.
Support at approximately $0.005267 and $0.003000.
Indicators Used:
Market Cipher B: Shows divergences and other momentum oscillators.
RSI (Relative Strength Index): Currently around 23.79, indicating oversold conditions.
Stochastic Oscillator: Indicates a possible reversal, with current readings suggesting a bottoming out.
Annotated Points:
A "Strong Buy Position" is indicated near the bottom of the descending channel, suggesting this as a potential entry point for a long position.
A bullish movement is expected, provided there is a catalyst (like a bridge deployment with Solana).
Trading Plan
Intraday Trading
Entry Point: Look for entry around the current support level of $0.005267, especially if there are bullish signals like a bullish divergence on Market Cipher B or a crossover on the Stochastic.
Target Levels: Consider scaling out of positions near the immediate resistance at $0.007360.
Stop Loss: Place a stop loss slightly below the support at $0.005267 to minimize risk.
Additional Notes: Since RSI is oversold, any bounce could be sharp, so be ready to manage trades actively.
Scalping
Entry Point: Enter positions on short-term oversold conditions, especially when the Stochastic Oscillator crosses upwards in the lower range (20-25).
Target Levels: Aim for quick profits, targeting 1-2% moves within the support-resistance range.
Stop Loss: Tight stop loss to avoid getting caught in a larger downward move, around 0.5% below the entry price.
Additional Notes: Monitor the price action closely around key support and resistance levels, and consider using a trailing stop to lock in profits as soon as the trade moves in your favor.
Swing Trading
Entry Point: Consider entering a position near the current support level or after a confirmed breakout above $0.007360.
Target Levels:
First target at $0.009130, the next significant resistance level.
Second target around $0.011946 if momentum continues.
Stop Loss: A stop loss slightly below $0.005267 or based on a confirmed breakdown of the descending channel.
Holding Period: Expect to hold the position for several days to weeks, depending on how the market evolves and any news regarding partnerships or technological developments.
Long Position Advice: Given the current oversold conditions on both RSI and the Stochastic Oscillator, there is a good probability of a short-term bounce. However, the broader trend remains down within the descending channel, so caution is warranted.
Risk Management: Ensure you have clear stop losses and are ready to exit if the price falls below key support levels, as the descending channel indicates the possibility of continued downtrend until a breakout is confirmed.
Catalyst to Watch: Keep an eye on any news or announcements regarding Velas, particularly related to the Solana bridge, as this could trigger the anticipated bullish move.
Given the indicators and market structure, a cautiously optimistic approach seems prudent. If the price breaks out of the descending channel with volume, a more aggressive long position could be considered.
#ETH/USDT#ETH
Ethereum price is moving in a descending channel on the 1-hour frame
The price is moving inside the channel perfectly, it is expected after a slight rise
Then the decline will continue to fill the price gap with a target of 2700
The market is expected to recover after that after filling the price gap
This decline is affected by the geopolitical events happening these days
The pattern is canceled in the event of a 4-hour close above 3200
Bitcoin Dumping: Just A Little More!In my last BTC analysis I talked about the post-ETF sell-off that BTC saw, and which would likely trigger after the Ethereum ETF.
We're now a few days after the fact and crypto is selling off hard, especially the alts.
In my opinion, it's likely that BTC will keep on going down. We might see a short-term reversal in the near future due to being extremely oversold, but in the end I assume we will still revisit the green area as mentioned in this analysis:
The green area is an ideal entry for the bulls. Ideally, it's paired with a daily oversold RSI.
At the moment, my market outlook is neutral. Will switch bullish when we will break through the top yellow resistance and bearish if we fall through the bottom purple support.
Interested to read your BTC outlook in the comments.
SUSHI LONG📊📊📊📊📊
✉️ Pair: SUSHIUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: $0.5659
📊 Entry 2 (DCA): $0.5250
✅ Target 1: $0.7000
I recommend selling 20-30% of your position at this level.
✅ Target 2: $0.8000
Sell 20-30% of your position at this level, following the progressive exit strategy.
✅ Target 3: $0.9500
Sell 20-30% of your position at this level, considering the significant resistance.
✅ Target 4: $1.2000
Sell the remainder of your position at this level to maximize long-term gains.
⛔️ Stop Loss: $0.5090
Analysis: SUSHI is currently trading in a descending wedge and is approaching a key support level. The current price is $0.5667, and Entry 2 (DCA) is set at $0.5250 to take advantage of potential further declines.
If the price manages to break and confirm the descending resistance, it could signal a trend reversal and a bullish turnaround. The first entry is now adjusted to $0.5659, and the second entry (DCA) is set at $0.5250.
Targets are set as follows:
Target 1 ($0.7000): The first significant resistance level. Consider selling 20-30% of your position.
Target 2 ($0.8000): The next resistance level. Sell 20-30% of your position at this level.
Target 3 ($0.9500): Significant resistance. Sell 20-30% of your position at this level.
Target 4 ($1.2000): Long-term objective. Close the entire position at this level.
The stop loss is now placed at $0.5090 to limit risks in case of a drop below the major support level.
SOLUSDT.1DUpon examining the SOL/USDT daily chart, it’s evident that Solana has exhibited substantial volatility over the analyzed period, reflecting significant investor interest and market activity. Here’s a detailed breakdown of the technical aspects:
Support and Resistance Levels:
Support Level 1 (S1) at $116.96, which is critical as it previously acted as both resistance and support. This level could play a pivotal role in determining short-term price movements.
Support Level 2 (S2) at $93.66, a deeper level which may come into play if there is a significant bearish downturn.
Resistance Level 1 (R1) at $164.23, near recent highs and a potential target for bullish momentum.
Resistance Level 2 (R2) at $193.09, marking the peak reached during a recent surge and representing a strong resistance area.
Technical Indicators:
The MACD (Moving Average Convergence Divergence) is currently showing a bearish signal with the MACD line below the signal line and both trending downward. This suggests that there might be continued bearish momentum in the near term.
The RSI (Relative Strength Index) is below the mid-point (50 level), indicating bearish momentum but not yet in the oversold territory, which suggests that there could be room for further downside before any potential reversal.
Conclusion:
The SOL/USDT pair shows a bearish trend with the potential to test further supports if the current levels do not hold. The key area to watch is Support Level 1 at $116.96. If this level is breached, it could lead to a test of Support Level 2 at $93.66. On the upside, any reversal from these levels might attempt to challenge the resistance at $164.23, and a breakout above this could target the high at $193.09. Given the bearish indications from the MACD and the RSI positioning, traders should be cautious and consider setting stop-loss orders to manage risks effectively. Watching how the price reacts at these support levels will be crucial for traders looking to either capture rebounds or brace for further declines. As always, keeping an eye on broader market sentiment and developments specific to Solana will be vital for adjusting trading strategies accordingly.
DYDXUSDT.1DAfter reviewing the DYDX/USDT daily chart, it becomes apparent that the asset has encountered a series of fluctuations, manifesting a pattern of peaks and troughs. Let’s delve into the details of the chart’s technical analysis:
Support and Resistance Levels:
Support Level 1 (S1) at $1.027. This level is crucial as it represents a point where the price has previously found buyers stepping in to prevent further declines.
Resistance Level 1 (R1) at $2.491, marking the highest point in the recent uptrend and likely to act as a significant barrier for any upward price movements.
Technical Indicators:
The MACD (Moving Average Convergence Divergence) currently shows a negative divergence with the signal line under the histogram, suggesting bearish momentum. This is further emphasized by the MACD line’s position below zero, indicating that bearish trends could persist.
The RSI (Relative Strength Index) is hovering near the 50 mark, which typically suggests a neutral market condition. However, given the proximity to this level, it suggests that the market is balanced but with a slight tilt towards bearish sentiment.
Conclusion:
From my current analysis, DYDX/USDT appears to be in a precarious position with potential for both upward and downward movements. The pivotal support at $1.027 will be key; if this level holds, it could serve as a foundation for a rebound towards the resistance at $2.491. Conversely, a break below this support could lead to further declines, potentially testing lower levels not seen in the recent past. Given the bearish signals from the MACD, traders should proceed with caution and consider employing risk management strategies such as stop-loss orders to protect against unexpected downturns. Observing the RSI and waiting for a more definitive move out of the neutral territory could also provide better cues for directional trades. As always, staying attuned to broader market trends and news impacting DYDX will be essential in navigating these trades effectively.
ETHUSDT.1DUpon analyzing the ETH/USDT daily chart, it's clear that Ethereum has experienced a mix of bullish and bearish phases, with key resistance and support levels playing a pivotal role in its price movements. Let’s break down the crucial elements:
Support and Resistance Levels:
Support Level 1 (S1) is set at $2,780.64. This level has previously served as a turning point for price corrections and may provide a floor should the price drop further.
Support Level 2 (S2) at $2,126.90, which marks a critical area if a more significant sell-off occurs.
Resistance Level 1 (R1) at $4,105.80, representing a ceiling from previous price peaks that Ethereum might test if a bullish trend resumes.
Technical Indicators:
The MACD (Moving Average Convergence Divergence) is well below the zero line and shows a substantial bearish divergence. This indicates strong selling pressure and could suggest further downward movements unless there's a positive crossover soon.
The RSI (Relative Strength Index) is nearing the oversold territory but has not yet entered it, signaling that while selling pressure is high, there might be some potential for stabilization or a corrective rally if the market perceives ETH as undervalued.
Conclusion:
The current market position for ETH/USDT suggests a cautious approach. The negative MACD and approaching oversold RSI indicate a bearish trend, but these also bring potential for reversal scenarios, particularly near strong support levels like S1 and S2. Traders should watch for any signs of bullish reversals or stabilization at these supports, which could offer buying opportunities. Conversely, a break below S2 could lead to accelerated declines, and thus risk management strategies should be prioritized. The market's reaction at these key junctures will be critical in determining Ethereum's path in the coming weeks. As always, it's essential to stay updated with broader market trends and news that could influence Ethereum's price.
INJUSDT.1DUpon examining the INJ/USDT daily chart, it becomes apparent that the asset has navigated through varied price ranges, characterized by both surges and declines. Here's a breakdown of the critical elements in my analysis, focusing on the support and resistance levels, along with key technical indicators.
Support and Resistance Levels:
Support Level 1 (S1) at $14.30, a significant level because it previously acted as both support and resistance, suggesting a strong market reaction if approached again.
Resistance Level 1 (R1) at $24.54, where previous attempts to break higher were thwarted, indicating a robust selling area.
Resistance Level 2 (R2) at $30.84, marking the high end of the recent price range and a target for any bullish momentum resurgence.
Technical Indicators:
The MACD (Moving Average Convergence Divergence) is under the zero line and the signal line, indicating bearish momentum. This suggests that there could be more downward pressure in the near term.
The RSI (Relative Strength Index) is hovering near the mid-range, around 50. This indicates a relatively balanced market but leans slightly towards bearish conditions given the current price trend below recent highs.
Conclusion:
From my perspective, the INJ/USDT pair currently exhibits bearish tendencies with the price testing support levels. The critical area to watch is the support at $14.30; a break below this could lead to further declines towards new lows, while a hold could prompt a retest of the upper resistance levels. Given the negative MACD, traders should be wary of potential declines, but also prepared for a bounce if the RSI moves into oversold territory, signaling a possible reversal. This analysis suggests that monitoring these levels for breakouts or bounces, along with broader market sentiment and news affecting INJ, will be crucial for making informed trading decisions. As always, it's recommended to employ stop losses and manage risks appropriately in such volatile environments.
SHIBUSDT.1DAnalyzing the SHIB/USDT daily chart, it's clear that the market has shown a mixture of explosive growth followed by a sharp decline, which is typical for volatile assets like SHIB. Let's dive deeper into the key technical indicators and the support and resistance levels to get a clearer picture of potential market movements.
Support and Resistance Levels:
Support Level 1 (S1) at $0.00000549, which the price is currently testing. This level is crucial as it has previously acted as a floor, preventing further downward movement.
Resistance Level 1 (R1) at $0.0000219, which marks the recent high point and could serve as a strong resistance if the price attempts to recover.
Resistance Level 2 (R2) at $0.00004567, representing the peak of the previous bullish spike.
Technical Indicators:
The MACD (Moving Average Convergence Divergence) shows a divergence below the signal line and is deeply negative, indicating strong bearish momentum. This suggests that the downward trend could continue unless there's a shift in market dynamics.
The RSI (Relative Strength Index) is approaching the oversold region but has not yet breached the 30 level, suggesting that there might still be room for further downside before a potential reversal could occur.
Conclusion:
From my analysis, the SHIB/USDT pair currently presents a bearish outlook. The price testing the support at $0.00000549 is pivotal; a break below this could lead to further declines, potentially creating new lows. Conversely, should the asset stabilize and rebound off this support level, it could attempt to challenge the resistance levels above. Given the current negative MACD and approaching oversold RSI, traders should remain cautious and look for potential signs of reversal or consolidation at the support level. As always, keeping an eye on broader market sentiment and news that may affect SHIB's price is crucial for timely decision-making.
ROSEUSDT.1DLooking at the ROSE/USDT daily chart, it's evident that the market has been experiencing significant volatility. My analysis will focus on the key support and resistance levels, as well as the indicators that provide insights into the potential future movements of the asset.
Starting with the resistance and support levels:
Resistance Level 1 (R1) is at $0.10324. This level has previously acted as both support and resistance, indicating significant market interest.
Resistance Level 2 (R2) is at $0.14040, which represents the recent high from a peak in April 2024.
Support Level 1 (S1) is currently at $0.06005, marking the lowest recent point after a significant drop.
Regarding the technical indicators:
The MACD (Moving Average Convergence Divergence) is below the signal line and negative, which typically indicates bearish momentum. This can be seen as the MACD line is in the red, suggesting that the downtrend might continue.
The RSI (Relative Strength Index) is nearing the oversold territory, with a current value just above 30. This might imply that although the market sentiment is bearish, a potential reversal or at least a stabilization might be close if it reaches or crosses below 30.
Conclusion:
Based on my analysis, the market sentiment for ROSE/USDT appears bearish in the short term, particularly given the negative MACD and the proximity of the RSI to oversold conditions. However, the support level at $0.06005 could provide a rebound point, especially if the RSI dips into the oversold region and triggers buying interest. Traders might look for potential buy signals at or near this support level, but caution is advised given the overall downward trend. It's essential to monitor these levels closely, as a break below the support could lead to further declines, whereas stabilization or a bounce back could open up opportunities for short-term gains.
HelenP. I Bitcoin can break support level and continue to fallHi folks today I'm prepared for you BTCUSDT analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, but at once turned around and dropped to the support level. After this movement, BTC some time traded near this level, which coincided with the support zone, and then started to grow to 68200 level. When the price reached this level, it broke it and even rose a little higher than the resistance zone, but soon turned around and made a correction movement below this level. Next, Bitcoin rose until to the trend line, after which started to decline inside the downward channel, where it in a short time declined to the 64200 support level, and even lower to the support line, breaking this level. But a not long time ago price turned around and come back to the trend line, which is the resistance line of the channel also. Now price trades very close to the support level, so, for this case, I expect that BTCUSDT will reach the trend line again and then rebound down, breaking the support level. That's why I set my goal at 61400 points. If you like my analytics you may support me with your like/comment ❤️