TRXUSDT → Realization of bullish pattern + golden cross BINANCE:TRXUSDT is forming the break of the descending wedge structure, which in general activates the realization of the bullish pattern
On W1 the price is testing one of the key global levels. Consolidation of the price above 0.1184 will be a confirmation of global bullish intentions. Alitcoin has not yet updated the intermediate and global high, which generally determines the long-term prospects for us.
A breakout of 0.12189 range resistance could be a good signal for growth continuation.
Support levels: 0.11788, SMA
Resistance levels: 0.12189
SMA are forming a cross on H4, which is generally a positive signal. A retest of the range resistance may lead to its breakout and further growth to 0.14500.
Regards R. Linda!
USDT-D
🔥 Weekend Technical Analysis Fiesta 🎉 - Name Your Crypto!Has been a long time since we've done a crypto fiesta! Time for a new one 🔥
Short-term view:
Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k
Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k would be a long-term pivot to the bears.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
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HelenP. I Binance Coin can continue to grow inside triangleHi folks today I'm prepared for you Binance Coin analytics. A few moments ago price made a correction movement from the resistance level, which coincided with the resistance zone, after which turned around and rose back to this level. Then it made impulse down to the support level and then tried to rise, but soon continued to fall and in a short time broke the 562 level, which coincided with the support zone and declined to the trend line. After this movement, BNB rebounded from the trend line, rose to the support level, broke it again, and continued growing. Later it reached a resistance level, but then it started to decline, and BNB also formed a triangle pattern. Later price grew to the 603 level and then at once rebounded down to the trend line, after which a not long time ago bounced and started to rise. For this reason, I expect that BNBUSDT will correct to the trend line, which is the support line of the triangle too, and then rebound up to the resistance level. That's why my target is 603 level. If you like my analytics you may support me with your like/comment ❤️
BITCOIN - Price can break support level and fall to $58000Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price bounced from resistance level, which coincided with resistance area, and fell to $60300 level.
After this, BTC started to rise inside wedge, where in a short time rose to resistance line from support line.
But then price turned around and made downward impulse from resistance line to support line of wedge and even fell lower.
BTC exited from this pattern and declined to $56550 points, breaking $60300 level, after which started to grow.
Also, price rose inside pennant, in which BTC broke $60300 level again and later reached resistance line.
Recently price fell to support line, but now I think Bitcoin can exit from pennant, break support level and fall to $58000
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Ethereum can rebound up from support line of triangle to 3085Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price some time ago declined to the support level, which coincided with the buyer zone, after which rebounded and tried to grow but failed and declined to the support line, which is located in the buyer zone. Then ETH in a short time rose to the seller zone and even higher, breaking the resistance level, after which turned around and declined to the support line, breaking the 3200 level again. After this, ETH rebounded from the support line to 3355 points, turned around, and made a strong downward impulse inside the downward triangle. Price broke 3200 and 2950 levels and the support line also, after which it turned around from the support line of the triangle and started to grow. In a short time Ethereum rose to the resistance level again, breaking the support level one more time, but then it at once rebounded and fell to the buyer zone. Later price rebounded up from the buyer zone, making a fake breakout of the support level, and a not long time ago fell to the support line of the triangle. For this moment, I think that ETH can rebound from the support line to the resistance line of the triangle, therefore I set my target at 3085 points. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can correct to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago price made a downward move, but soon turned around and reached the resistance level, which coincided with the resistance zone, after which BTC rebounded and made a strong impulse down to the trend line, thereby breaking the 60200 support level. Then price some time traded near the trend line and later rebounded up to the support level, which coincided with the support zone and broke it again. After this, the price started to trades inside consolidation, where it in a short time rose to the 64550 resistance level, and even some time later entered to the resistance zone. But soon, BTC made the downward move to the trend line, exiting from the resistance zone, after which rebounded from the trend line and started to move up. Just now, the price continues to rise, for this reason, I expect that Bitcoin will make a correction movement almost to the trend line and then rebound up to the resistance level, which coincided with the top part of consolidation. That's why I set my target at the 64550 level. If you like my analytics you may support me with your like/comment ❤️
🔥 PEPE Has Room For Massive Growth!PEPE has been performing extremely well over the last few weeks, gaining back almost all losses from March and April.
This made me question where we can see a long-term top? If BTC remains trading neutral/bullish, alts will grow. In which case, I can see PEPE move all the way towards the top of the resistance of the parallel channel.
This could mean an easy 300%-400% growth from this point onwards. A very bullish outlook!
RIPPLE - Price can exit from pennant and rise to $0.5330Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it in a short time declined to support line, breaking $0.5075 level.
But after this, XRP made upward impulse, breaking $0.5075 level, again, and exited from falling channel.
Then price continued to grow inside rising channel until reached $0.5410 level, after which made correction move.
XRP bounced up from support line of rising channel and broke $0.5410 level, after which soon exited from this channel.
Next, price started to decline inside pennant, where it broke $0.5410 level again and declined to almost support line.
Now, I think that Ripple can bounce up from support line to $0.5330, thereby exiting from pennant.
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Bitcoin can decline to support line of downward channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to range, where it firstly declined to the current resistance level, which coincided with the support area and at once started to grow. In a short time price reached the 71000 resistance level, which coincided with the seller zone and tried to break. BTC failed and made a correction movement, after which in a short time rose back and finally broke the 71000 level, but can't fixed and soon declined back to the current resistance level, breaking the 71000 level one more time. Soon, BTC exited from range and then entered to downward channel, where it first rose to the resistance line, but later declined back to the support line of the channel, breaking the 62000 level. Then price made an impulse from the support line to the resistance line of the channel, after which rolled down to the support area, where now continues to trades near the current resistance level. I think that Bitcoin can continue to decline to support line of the downward channel, therefore I set my target at 55000 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
BTCUSDT.4HThe 4-hour chart for BTC/USDT provides an excellent perspective on the current market dynamics, highlighting potential trade setups based on technical analysis.
Key Resistance and Support Levels:
Resistance 1 (R1): $6,729.71 - This is the immediate resistance level which the price needs to breach to confirm further bullish sentiment.
Resistance 2 (R2): $7,384.73 - A more substantial resistance level which, if surpassed, could signal a stronger upward trend.
Support 1 (S1): $5,906.59 - Acting as the primary support, this level needs to hold to prevent further bearish momentum.
Support 2 (S2): $5,608.28 - If S1 is breached, S2 could serve as the next critical line of defense against a deeper retracement.
Technical Indicators:
Relative Strength Index (RSI): The RSI is currently at 41.28, suggesting that there is potential for upside as it is below the neutral 50 mark but not yet oversold.
Moving Average Convergence Divergence (MACD): The MACD is below the signal line, which typically indicates bearish momentum. However, the histogram shows that negative momentum is waning, suggesting that a reversal or consolidation might be near.
Trend Analysis:
The price is showing a descending pattern, characterized by lower highs, which is evident from the descending trend line. This suggests an overarching bearish pressure. However, the recent formation might suggest a consolidation phase or potential reversal if the price can break the descending trend line and hold above.
Conclusion:
Considering the technical outlook on the BTC/USDT 4-hour chart, the market is at a pivotal point. Traders should watch for a potential reversal if the price can sustain a breakout above the descending trend line. A successful break above R1 at $6,729.71 could validate a bullish bias, potentially targeting R2 at $7,384.73.
However, given the current bearish setup indicated by the MACD, it's essential to remain cautious. If the price fails to break above the descending trend line and falls below S1 at $5,906.59, it might accelerate losses towards S2 at $5,608.28. Traders should consider using tight stop-loss orders to manage risks and possibly wait for a clearer signal, such as the RSI moving above 50 or the MACD crossing above the signal line, before taking more definitive positions.
FTMUSDT.1DAnalyzing the daily chart for FTM/USDT provides insights into the current market conditions and potential future movements based on technical indicators and chart patterns.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.5275 - This price level has been tested recently, and it may continue to offer resistance to upward movements.
Resistance 2 (R2): $0.8230 - A more robust level that was previously a high point before the recent decline.
Resistance 3 (R3): $1.0763 - Represents a significant high and a strong psychological barrier.
Support 1 (S1): The chart does not specify the exact value of S1, but it's indicated below the current price level, providing a potential target if the price continues to fall.
Technical Indicators:
Relative Strength Index (RSI): The RSI is at 42.48, which suggests that the asset is neither in the oversold nor overbought territory, but it is leaning towards bearish sentiment as it is below the neutral 50 mark.
Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line, indicating a lack of strong momentum in either direction. This setup typically suggests a market in consolidation or lacking strong buyer or seller engagement.
Trend Analysis:
The descending trend line from the recent highs indicates a bearish trend. The price has been making lower highs, which typically suggests continuation of a downward trend until a clear breakout above this trend line occurs.
Conclusion:
The FTM/USDT market is currently showing signs of bearish pressure as indicated by the descending trend line and the positioning of the RSI below 50. For traders, the approach towards the resistance level at $0.5275 will be critical. A failure to break this level could see the price retest the lower support levels, where buyers might see opportunities for entry. A successful break above R1, however, could signal a reversal or weakening of the current bearish trend, potentially aiming for R2 at $0.8230.
Given the current MACD readings and the proximity of R1, traders should remain cautious, watching for either a bullish breakout accompanied by increased volume or a continuation of the bearish trend with potential entries near lower support levels. Setting stop losses just below the recent lows can help manage risk in case of further downward movement.
RUNEUSDT.1DReviewing the daily chart for RUNE/USDT, let's delve into the technical aspects and signals presented to guide potential trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $6.314 - This level has served as a pivot point recently, and the price is currently approaching it, making it a critical area to watch for either resistance or breakout.
Resistance 2 (R2): $7.940 - A higher resistance point that represents a significant barrier from previous price actions.
Support 1 (S1): $4.342 - This support level is crucial, reflecting a consolidation point that could potentially hold if the price were to retrace.
Technical Indicators:
Relative Strength Index (RSI): The RSI at 51.41 is just above the neutral 50, indicating a slight bullish bias but not strong enough to suggest overbought conditions. This position allows for potential upward or downward movement.
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and the histogram is positive, suggesting that the bullish momentum is building. This could be indicative of potential continued upward movement if the trend holds.
Trend Analysis:
The chart shows a recovery from a low with a sequence of higher lows and higher highs since then, indicating a bullish trend in the short term. The recent movement towards R1 will be key in determining whether this momentum can push the price through this resistance level.
Conclusion:
The current market analysis of RUNE/USDT suggests a cautiously optimistic outlook. The approach to R1 at $6.314 will be pivotal. A successful breach of this level could open the path to R2 at $7.940, supported by bullish indicators from the MACD and a supportive RSI. Traders should consider buying opportunities if the price convincingly breaks above R1 with significant volume, setting a stop loss slightly below this level to manage risk.
Conversely, if the price fails to break through R1 and shows signs of reversal, it might be wise to watch for a potential retest of S1 at $4.342. This could serve as a defensive position for those looking to manage risks in a volatile market. As always, monitoring the RSI and MACD for shifts in momentum, as well as external market factors, will be crucial to adapting strategies accordingly.
DOGEUSDT.1DLooking at the daily chart for DOGE/USDT, I'll provide a detailed technical analysis, highlighting the important trends and indicators that may influence trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.17386 - This level has previously acted as both support and resistance, indicating its significance.
Resistance 2 (R2): $0.21158 - A higher resistance point that would require a strong bullish push to breach.
Support 1 (S1): $0.12157 - A critical support level where buying interest previously emerged, potentially halting a further decline.
Technical Indicators:
Relative Strength Index (RSI): The RSI is at 46.92, which is below the neutral 50 mark but not yet in the oversold territory. This suggests there's still some bearish sentiment, but we could be approaching a region where buyers might start to see value.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, and both are trending downward, suggesting ongoing bearish momentum. The histogram also shows a negative value, which supports the bearish outlook.
Trend Analysis:
The chart shows a clear downtrend, indicated by lower highs and lower lows. This trend suggests a bearish sentiment prevailing in the market. However, the price approaching S1 could be crucial as this level has historically provided support.
Conclusion:
The DOGE/USDT market appears to be in a bearish phase, as suggested by both the price action and the technical indicators. Traders might consider looking for potential short positions as the price approaches resistance levels R1 and R2, with stops just above these levels to protect against potential breakouts to the upside.
Conversely, if the price reaches S1 and shows signs of stabilization or reversal (e.g., bullish candlestick patterns or RSI moving back above 50), it could present a buying opportunity. Given the current downward trend, any buys should be approached with caution, keeping an eye on the MACD for any signs of a bullish crossover which might suggest a change in momentum.
In essence, the current market setup suggests a bearish trend with potential buying opportunities at major support levels, provided there are confirmatory signals from other technical indicators.
PEPEUSDT.1DEvaluating the daily chart of PEPE/USDT, I can identify several important technical elements and trends that are key to formulating an investment or trading strategy.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.0000946 - This is a significant level where the price recently peaked, indicating potential selling pressure at this price point.
Support 1 (S1): $0.0000580 - This level is acting as the immediate support where the price could potentially find a floor if it retraces.
Support 2 (S2): $0.0000387 - A lower support level that could come into play if there is a substantial breakdown below S1.
Support 3 (S3): Lower still, it acts as a further fallback should a significant selloff occur.
Technical Indicators:
Relative Strength Index (RSI): Currently at 56.99, the RSI suggests a slightly bullish momentum but still under the overbought threshold of 70, providing room for potential upward movement without immediate risk of reversal due to overbuying.
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but very close to it, indicating mild bullish momentum. However, the proximity to the signal line suggests that this could easily swing if market sentiments change.
Trend Analysis:
The chart shows a rising trend line, indicating an ascending support level that the price has been following. This pattern suggests that as long as the price remains above this trend line, the bullish outlook remains valid. However, the proximity of the price to this trend line also means that any break below could signal a change to a bearish trend.
Conclusion:
Based on the analysis of the PEPE/USDT chart, the market is currently showing signs of consolidation within a bullish trend, as indicated by the rising trend line and the RSI's position. A prudent strategy would involve monitoring the price action around the immediate support level at $0.0000850. If the price holds above this level, it could be an opportunity to buy with a target of R1 at $0.0000946, setting a stop loss slightly below the trend line to mitigate risk.
Should the price break below the trend line, it would be wise to reassess the bullish stance, as it could indicate a shift to a bearish trend, potentially targeting lower supports at S2 and S3. As always, monitoring volume and market news will be crucial in confirming these signals and adjusting strategy accordingly.
🔥 ADA: Don't Miss The Entry Of A LifetimeI've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle.
It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life.
The best entry would be from the support of the channel, maybe a bit lower on a wick of some sort.
Keep an eye on this trade!
HelenP. I Ethereum will start to decline to support levelHi folks today I'm prepared for you Ethereum analytics. A not long time ago price rebounded from the trend line and made a strong impulse down to the support level, which coincided with the support zone, thereby breaking the 3325 resistance level. After this movement, ETH turned around and made upward movement, but soon declined back and some time traded near the 2950 support level. Then ETH in a short time rose almost to the resistance level, after which made little correction movement, and then finally reached the 3325 level, which coincided with the resistance zone and trend line. After this movement, Ethereum made an impulse down to the support zone, after which turned around and in a short time rose to the trend line, making a fake breakout of the 2950 level. Recently price bounced from this line and now trades near, for this case, I expect that Ethereum will rise to almost the trend line and then start to decline to the 2950 support level, which is my target also. If you like my analytics you may support me with your like/comment ❤️
Binance Coin can rebound up from support line to 561 pointsHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price some time ago started to decline inside the downward channel, where it reached the resistance line at once, and then rebounded down to the support line of the downward channel. Later, the price bounced up from this line and rose to the seller zone, which coincided with the resistance level, but soon turned around and fell lower this level, breaking it. After this, BNB reached the 600 level and then made impulse down to 539 points, thereby exiting from the downward channel, breaking the support level, which coincided with the buyer zone and entered to upward wedge. In this pattern, the price soon broke the 561 level again and in a short time later rose to the resistance line of the wedge, which coincided with the resistance level, but at once rebounded and fell to the support line. A few moments ago, the price bounced from this line and now I think that Binance Coin can correct to the support line and then rebound up to the resistance line of the wedge, thereby breaking the resistance level. So, for this case, I set my target at 561 points. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can break resistance level and continue to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it at once reached resistance level, and then continued to fall.
Later BTC rose to $64600 level again, after which made downward impulse, exiting from falling channel and breaking $59200 level.
Then price some time traded below $59200 level and soon reached and broke it, after which made retest.
After this movement, BTC continued to move up inside rising channel, where it made fake breakout of $64600 level.
Then price fell to support line of channel, but a not long time ago bounced and now continues to grow.
In my mind, Bitcoin can fall to support line of channel and then bounce up to $66100 points, breaking resistance level.
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