XMRUSDT.1DUpon examining the daily chart for XMR/USDT, the technical analysis unveils notable insights regarding Monero's price behavior and future prospects.
Price Action: Currently, Monero is priced at $179.99, following a significant drop of 2.96%. This decline places it near a crucial support line around $98.39. Over the past year, the price has shown a tendency to oscillate between this support and resistance levels, forming a descending triangle pattern—a bearish signal generally indicative of potential continuation downward unless there is a significant shift in market sentiment or external factors.
Resistance and Support Levels: The most prominent resistance level is at $187.63, where the price has previously faced substantial selling pressure. Overcoming this level could shift the medium-term outlook from bearish to bullish. The support level at $98.39 is equally significant as a breach below this could lead to a test of the lower boundary at $96.37, marking the year's low.
Moving Average Convergence Divergence (MACD): The MACD indicator displays a bullish crossover as the MACD line (blue) has recently crossed above the signal line (orange)
, suggesting increasing bullish momentum in the short term. However, both lines are still below the histogram's zero line, which implies that the prevailing longer-term trend remains bearish.
Volume and Volatility: While the chart does not detail volume and volatility, these factors would typically add critical context, particularly in confirming the strength of price movements through volume-supported breakouts or breakdowns.
Conclusion:
The current technical setup of XMR/USDT presents a cautious scenario. The recent bearish momentum and position within a descending triangle pattern generally suggest a downward continuation. However, the bullish crossover in the MACD indicates a potential for short-term recovery. Traders should monitor whether the price can sustain above the $98.39 support. A break below this level could be detrimental, signaling a likely continuation to lower lows. Conversely, a successful breach above the resistance at $187.63 could invalidate the bearish pattern, possibly leading to further upside. Therefore, maintaining stop-loss orders slightly below the support and considering profit-taking near resistance levels would be a strategic approach under current conditions.
USDT-D
BTCUSDT.1DLooking at the daily chart for BTC/USDT, the technical indicators reveal key dynamics and potential future movements in the price of Bitcoin.
Price Action and Structure: The BTC/USDT pair is currently trading at around $69,673.83, marking a significant uptick of 5.31% for the day. This recent movement brings the price closer to the critical resistance level (R1) at $71,128.00. Over the past few months, the price has experienced fluctuations within a defined range, with resistance and support levels tested multiple times.
Resistance Levels: The immediate resistance R1 at $71,128.00 is pivotal. A decisive close above this level could signal further bullish momentum, potentially targeting the high of $73,777.00 and then the psychological barrier at $75,176.44.
Support Levels: Current support levels are observed at S1 ($65,799.19) and S2 ($56,715.39). The support at S1 has recently acted as a springboard, pushing the price upwards. A breach below this support might lead to a test of S2, significantly lower, indicating a substantial bearish shift.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line but appears to be converging towards it, suggesting a potential bullish crossover in the near term. This potential crossover, coupled with the histogram's rise towards the zero line, signals strengthening momentum.
Relative Strength Index (RSI): The RSI is at 55.95, which is moderately bullish. It indicates some buying interest but is not yet in the overbought territory (above 70), which suggests that there might be room for further upward movement before the market becomes overheated.
Conclusion:
The BTC/USDT chart exhibits a bullish sentiment in the short term, especially if it can sustain above S1 and break through R1. The approaching MACD crossover and the RSI's favorable position further bolster this outlook. However, traders should remain cautious of potential resistance at $71,128.00 and $73,777.00, where profit-taking might occur. Setting stop-loss orders slightly below S1 could provide downside protection. If the price breaks and holds above R1, targeting the next resistance levels would be a prudent strategy, keeping an eye on the RSI for signs of entering the overbought zone.
KAVAUSDT.1DAnalyzing the daily chart for KAVA/USDT, we see a number of technical indicators that provide insights into the asset's recent performance and potential future movements.
Price Action: KAVA/USDT is currently trading near the 0.6135 level, having recently tested and bounced off a support level around 0.5002. This support zone is critical as it prevented further downside several times in the past, which suggests strong buyer interest at this level.
Resistance Levels: On the upside, the immediate resistance levels are marked at R1 (0.8319) and R2 (1.1651). The asset has struggled to break the R1 level since early 2024, indicating a strong selling presence. Overcoming this could lead to a test of R2, which has not been touched since late 2023.
Moving Average Convergence Divergence (MACD): The MACD line is slightly below the signal line, and both are trending below the zero line, which generally suggests bearish momentum. However, the MACD histogram, currently showing smaller bars, hints at decreasing negative momentum.
Relative Strength Index (RSI): The RSI is hovering around 39.53, which is near the oversold territory but not quite there yet. This suggests that there might still be room for downside if selling pressure continues, although it's also close to levels where we might expect buying interest to reemerge due to perceived undervaluation.
Volume and Volatility: The chart does not explicitly display volume and volatility, but these factors would typically provide additional context, especially around key price movements and resistance/support tests.
Conclusion:
Based on the current technical setup, KAVA/USDT is in a critical juncture. If it holds the support around 0.5002, there could be potential for a rebound towards 0.8319, especially if broader market sentiment improves. However, traders should watch for any further weakening indicated by MACD and RSI, which could lead to a breakdown below support. Given the bearish bias indicated by MACD and the proximity of RSI to oversold conditions, a cautious approach is advisable. Setting stop-loss orders just below the current support level might protect against unexpected downturns, while aiming for R1 as an initial profit target makes sense from a risk-reward perspective.
Let me explain the "USDT DOMINANCE" impulse wave perspectiveHello, friends. Nice to meet you
I'm going to tell you about the USDT domination that shows the direction of Bitcoin and Altcoin
Based on the impulse wave, we expect to be making 5 waves now, and we expect the target to reach 3.35% to 3%.
The waves look very pretty, and you can now trade by referring to this chart
Bitcoin and altcoins fall as usdt.d rises
Bitcoin and altcoins rise when usdt.d falls.
Make sure you remember
GOLD / XAUUSD UPDATE !!!!www.tradingview.com
The gold market is currently in a holding pattern, with traders reluctant to make premature decisions due to upcoming significant news. A consolidation below the level of 2315 is observed.
A false break of support has led the price to retest the 2310-2315 range, after which traders are pausing before the news release. All attention is focused on the forthcoming major events, namely the CPI and the Fed meeting. The key US CPI data will influence the Fed's stance on interest rates, which will, in turn, significantly affect the value of the US dollar and gold prices in the short term. The market anticipates neutral data (no change), which would likely maintain the same fundamental backdrop. However, the actual data is highly anticipated, especially after last Friday's unexpectedly high NFP.
Any initial reaction to the US CPI data might be short-lived as gold traders will soon turn their attention to the FOMC & Fed meeting.
Resistance levels are identified at 2315, 2325, and 2354, while support levels are found at 2305, 2291, and 2267.
From both a technical and fundamental perspective, gold appears weak at the moment. Amidst high volatility, the price may attempt to breach 2325 and test the liquidity zone of 2335-2345, then transition to a decline phase if the fundamental backdrop is conducive. The risk of further decline remains substantial, but the upcoming news could either exacerbate this decline or disrupt the market structure.
BITCOIN - Price can continue to decline inside falling channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price entered to wedge, where it at once made upward impulse from support line to resistance area.
Then it turned around and made correction to support level, after which rose to resistance line and soon fell back.
Next, BTC made upward impulse to resistance area again, exiting from wedge, but at once started to decline in falling channel.
Price made fake breakout of $71400 and in a short time declined to support area, after which bounced up.
Now, Bitcoin tries to rise, therefore I think it can make a small movement up and then bounce down to $65200, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
LONG Bitcoin during RED days always!Morning lads,
Figured I'd share my view on BTC for the following weeks.
There's a chance that instead of a channel, its a descending triangle on the daily, bringing prices to 50k.
But Im gonna keep that in mind and hope we move up!
This trade would help alts tremendously as well..
Trade thirsty, my friends..
Bitcoin On-Chain: Is The Cycle Over Already?In this analysis I want to discuss a (most likely) unpopular view on the market. Namely, that the "cycle" is already over and that the peak is in for now.
Preface
This is not my most likely outcome for the markets. You can find my most likely outcome below:
Still, it's always advised to keep an open mind and explore different potential outcomes.
Overview
When we look at the last 7-8 years of Bitcoin's newly created addresses we can see that this value follows a clear boom-and-bust pattern. It peaks (green) during mania when everyone wants to step into the market and it declines after the market has topped (red).
For the people who are wondering about the November 2021 peak: on-chain data peaked in Q1-2021.
What this chart suggests is that the "mania" phase of the market cycle is over and that the top is either in or very close. Once the mania phase is over, crazy gains are more rare and trading is more difficult.
I'm interested to hear your thoughts on this idea. Like I said, it's not my most likely outcome, but it's possible that we've topped after the ETF mania.
Weekly PEPE: 130%-145% Gain Potential & Key ZonesRequest from crypto bro's @MyCryptoParadise_Nathan
My personal outlook for PEPE on a weekly time frame is that it has already pumped quite high. If the market makers still want to pump it further, it might go up by 130% - 145% from the current price. However, PEPE is part of the memecoin sector, where pump and dump often occur.
The area of 0.00001006 - 0.00000832 is quite good for accumulation, whereas taking profit around the area of 0.00002395 - 0.00002570 would be advisable.
Disclaimer: This is not financial advice. Please do your own research and consider your financial situation before making any investment decisions.
FLOKIUSDT.1DAnalyzing the FLOKI/USDT daily chart, I can see that the price recently peaked at a resistance level marked as R1 and is now retracing. I have drawn a green upward trendline that has been supporting the price movement; however, the current price action suggests a potential test of this support.
If the support holds, I anticipate a rebound towards the R1 level and potentially a move higher to R2. The Moving Average Convergence Divergence (MACD) shows a negative divergence as the MACD line is below the signal line, suggesting bearish momentum in the short term. Additionally, the Relative Strength Index (RSI) is around 54, indicating neither overbought nor oversold conditions but nearing the median, which aligns with a possible consolidation or retracement phase.
Based on the technical indicators and recent price behavior, my conclusion is that the market might experience further downward pressure in the near term. However, the support level delineated by the trendline and the S2 support zone should be monitored closely. A break below these could confirm a bearish trend, while a rebound from them could lead to a recovery back towards R1. The key will be how the price reacts to the trendline in the coming days.
ROSEUSDT.1DIn reviewing the ROSE/USDT daily chart, I observe that the price has been attempting to recover after a significant drop. It recently bounced off the support level marked S1 and is now challenging the R1 resistance level. The trading volume appears to be steady, indicating sustained interest in this price zone.
The Moving Average Convergence Divergence (MACD) suggests a bullish momentum as the MACD line is above the signal line, which could be indicative of a continuation of the current upward trend if sustained. The Relative Strength Index (RSI) is currently at about 60, approaching overbought territory but still offering room for potential price increases before the market would typically consider it overextended.
From a strategic perspective, if the price successfully breaches the R1 level at 0.13625, it may open the path towards R2 at 0.15338. Should it fail to sustain this break, a retest of the S1 level could occur. Given the current indicators and price action, my inclination is to watch for a sustained break above R1 with potential profit targets near R2, while keeping a cautious eye on the RSI for signs of overbought conditions that could precede a retracement.
AVAXUSDT.1DOn the AVAX/USDT daily chart, the price of AVAX appears to be consolidating after a significant downtrend. The price is currently hovering around the S1 support level at $27.27, which seems to be holding as a key support zone after several tests.
The MACD indicator is showing signs of convergence below the signal line, which might indicate waning bearish momentum. However, it's still in negative territory, suggesting caution. The Relative Strength Index (RSI) is currently just below 45, reflecting neither strong buying nor selling pressure but leaning towards the lower side, which indicates slight bearish sentiment in the market.
If AVAX maintains its position above the S1 level, there might be potential for a short-term rebound towards the R1 level at $43.37. Conversely, a break below S1 could lead to further declines towards S2 at $18.94. Given the current setup, traders should monitor the S1 level closely for potential buying opportunities if the support holds, but also remain vigilant for any signs of a breakdown which could signify a continuation of the downtrend.
RSRUSDT.4HThe RSR/USDT 4-hour chart reveals a recent uptick after testing the S1 support level at $0.004704. This movement could indicate the beginning of a bullish reversal within the lower trading range established in recent weeks.
The MACD shows a slight bullish crossover, where the MACD line has crossed above the signal line, signaling increased buying momentum. However, the overall MACD trend remains in the negative zone, suggesting the need for caution as the market might still be prone to bearish pressures.
The Relative Strength Index (RSI) is hovering around 45, which is closer to the middle range. This indicates a somewhat neutral market sentiment, not particularly leaning towards overbought or oversold conditions, which provides a balanced view but suggests monitoring for a clearer direction.
Given these conditions, if the price can sustain above S1 and continue to move higher, the next target could be the R1 resistance level at $0.005624. Traders should look for a consolidation above this level to consider a more definitive bullish trend towards R2 at $0.007841. Conversely, a fall below S1 might lead to testing the lower support S2 at $0.004070, which could validate further bearish sentiment. The key in the upcoming sessions will be the price's ability to hold above S1, signaling possible strength for a continued recovery.
RSRUSDT.4HThe RSR/USDT 4-hour chart reveals a recent uptick after testing the S1 support level at $0.004704. This movement could indicate the beginning of a bullish reversal within the lower trading range established in recent weeks.
The MACD shows a slight bullish crossover, where the MACD line has crossed above the signal line, signaling increased buying momentum. However, the overall MACD trend remains in the negative zone, suggesting the need for caution as the market might still be prone to bearish pressures.
The Relative Strength Index (RSI) is hovering around 45, which is closer to the middle range. This indicates a somewhat neutral market sentiment, not particularly leaning towards overbought or oversold conditions, which provides a balanced view but suggests monitoring for a clearer direction.
Given these conditions, if the price can sustain above S1 and continue to move higher, the next target could be the R1 resistance level at $0.005624. Traders should look for a consolidation above this level to consider a more definitive bullish trend towards R2 at $0.007841. Conversely, a fall below S1 might lead to testing the lower support S2 at $0.004070, which could validate further bearish sentiment. The key in the upcoming sessions will be the price's ability to hold above S1, signaling possible strength for a continued recovery.
NEARUSDT.4HThe NEAR/USDT 4-hour chart shows a volatile market environment, with the price recently experiencing a significant drop and now attempting to stabilize. The current price action is hovering near the S1 support level at $5.73, which appears to be a crucial point for the market's short-term direction.
Looking at the MACD, there is a slight convergence with the signal line, which could indicate a potential reversal or stabilization in bearish momentum. However, the histogram remains negative, suggesting that the bearish sentiment is still present, albeit potentially weakening.
The Relative Strength Index (RSI) is near 30, which is typically considered an oversold territory. This could hint at a potential rebound if buyers start to see value at these levels, leading to increased buying pressure.
Given this technical setup, if the price maintains above the S1 support level, there could be an opportunity for a bounce back towards the R1 resistance level at $7.81. This movement would be critical to watch as a sustained break above R1 could signal a stronger recovery towards R2 at $8.53. Conversely, a break below S1 might lead to further declines, intensifying the bearish outlook. Traders should closely monitor the $5.73 level for signs of either consolidation or a breakdown, which would set the tone for the next significant price move.
BNBUSDT.1DThe BNB/USDT daily chart demonstrates a recent bullish momentum, with the price reaching as high as the R2 resistance level at $724.8 before experiencing a slight retracement. Currently, the price is near the S1 support level at $625.1, which is acting as a pivotal area for potential future price action.
The Moving Average Convergence Divergence (MACD) indicates bullish momentum, as evidenced by the MACD line being above the signal line, although the positive momentum is decreasing as the histogram bars are shortening. This suggests that while the bullish trend may be slowing, it has not yet reversed.
The Relative Strength Index (RSI) is right at the midline (50), indicating a balanced market condition between buyers and sellers. This neutral RSI suggests that there is potential for the price to move in either direction, depending on how market sentiment develops.
Given this analysis, if BNB maintains its position above S1 ($649.1), it may have the strength to retest the R2 level. Breaking above R2 could potentially lead to higher prices towards historical highs. However, if the price breaks below S1, the next support to watch is S2 at $498.2, which could serve as a lower boundary in a more bearish scenario. Investors should watch these levels closely, as they will likely dictate the short-term direction of BNB’s price movement.
Bitcoin can start fall to support level, breaking support lineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price fell to the support line, some time traded near, and later made a strong impulse up to the 66500 level, which coincided with the support area and soon broke this level. After this, the price made little movement down, after which repeated impulse up to the resistance level coinciding with the seller zone. But at once BTC turned around and made a correction to the support area, and also the price started to trades in the range. In range, the price rebounded from the support area and tried to move up, but failed and fell back. After this movement, BTC started to grow, and in a short time rose to a 71500 resistance level, some time traded near and then bounced down. But a not long time ago it turned around and started to grow again. So, at the moment, I think that price can make little movement up to 70k points, after which turns around and starts to decline to the support level. breaking support line inside a range. For this case, I set my target at the 66500 level. Please share this idea with your friends and click Boost 🚀
LINK Potential IH&S, High Confluence, $26 Target 1, $32 Target 2🎯 TL;DR Potential IH&S + W3 Target: $26; W3 Target 2: $32; High Confluence
📈 With the recent dip to $15.3, BITGET:LINKUSDT might be forming an Inverted Head & Shoulders (IH&S) pattern with a $26 target.
The 50VWMA is acting as support in this area, and TD Sequential printed a Perfect Buy Setup (red M9) yesterday, offering additional confluence.
This retracement is also 61.8% of the previous leg up, setting a potential Wave 3 Target 1 also at $26, and a potential Wave 3 Target 2 at $32.
✅ Confirmation would be a daily close above the neckline at $19.3.
For a safer entry, wait for a daily close above $20, which is a previous resistance, a High Volume Node (HVN) and a key psychological level.
Keep an eye on $22.9 as it previously triggered a rejection.
❌ Invalidation would be a daily close below $15.3, and it would likely lead back to trading in a rectangle between $12.8 and $19.2.
If you have any questions about the TA, feel free to ask. I am always more than happy to share and discuss charts.
Not Financial Advice
DOGEUSDT.1DAnalyzing the DOGE/USDT daily chart, I've drawn several observations based on the displayed technical indicators and price patterns:
Support and Resistance Levels: The current price of Dogecoin is oscillating around $0.14596, which is slightly above the support level (S1) at $0.13777. The next significant resistance levels are R1 at $0.16548 and R2 at $0.21101. The support and resistance levels are crucial for predicting potential turning points or continuation of the price trend.
Price Patterns: The chart exhibits some consolidation after a drop, indicating indecision in the market. This consolidation near a support level could suggest that buyers are beginning to see value, potentially leading to a price rebound.
Technical Indicators:
Relative Strength Index (RSI): The RSI is near 50, which generally indicates a neutral market condition. This positioning suggests that the price could swing in either direction, depending on market dynamics.
Moving Average Convergence Divergence (MACD): The MACD is relatively flat and close to the zero line, indicating a lack of strong momentum in either direction. This could suggest a period of sideways movement or the potential for a trend shift if a catalyst occurs.
Trading Strategy: Considering the price is near a significant support level, this might be seen as a buying opportunity for those speculating on a rebound towards R1. However, it's essential to set a stop-loss slightly below S1 to protect against a potential break lower, which could see the price moving towards S2 at $0.12214.
Risk Management: Effective risk management is critical given the uncertain market conditions indicated by the RSI and MACD. Traders should ensure their trading plan includes predefined risk parameters, adjusting position sizes and stop-loss orders to manage potential downside.
Conclusion: DOGE/USDT presents a moderate risk opportunity with the price near key support. A bounce off this level could offer a short-term trading opportunity with a target at R1, while a break below could lead to further declines. Given the flat MACD and neutral RSI, traders should remain cautious, monitoring for any changes in volume or news that might influence price direction. This approach ensures preparedness for both potential upward movement and continued downside risk.
JASMYUSDT.1DIn my professional analysis of the JASMY/USDT daily chart, several key observations can be made based on the technical indicators and price patterns observed:
Support and Resistance Levels: The chart outlines two primary resistance levels at $0.024954 (R1) and $0.051063 (R2), with support levels at $0.013466 (S1) and a lower boundary around $0.013466 (S2). Currently, the price is near S1, which it has tested recently. Holding this level could be crucial for preventing further declines.
Price Movements and Patterns: The recent pattern shows a sharp rise followed by a period of consolidation. This could indicate that the market is deciding its next major move. The presence of a lower resistance at R1 and the subsequent higher resistance at R2 suggests that breaking above R1 might lead to a quick move towards R2 if bullish momentum increases.
Technical Indicators:
Relative Strength Index (RSI): The RSI is below 50, which typically indicates bearish momentum. However, it is close to this midline, which could signal that the downward pressure is weakening.
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but close to crossing below, which could suggest a potential change in momentum. It's crucial to watch this indicator closely for early signs of a trend reversal or continuation.
Trading Strategy: Given the current support at S1, traders might consider this an opportunity to buy, aiming for a short-term target at R1. However, due to the potential volatility and the nearness of the MACD lines to a bearish crossover, setting a tight stop-loss just below S1 could help manage risk effectively.
Risk Management: The proximity of the current price to the support level means risk management is crucial. A break below S1 could see the price heading towards S2, representing a significant drop. Hence, maintaining a disciplined approach with clear stop-loss orders is recommended.
Conclusion: The JASMY/USDT pair shows potential for a rebound if it holds the support at S1. The targets to watch would be R1 and potentially R2 if the momentum is strong enough. However, the risk of a further decline remains if the support at S1 does not hold, making vigilant monitoring of price action and technical indicators essential for timely decision-making. This setup offers a balanced risk-reward scenario that requires careful attention to both entry and exit strategies.