USDT Dominance in Daily TimeframeUSDT Dominance Update:
The USDT dominance chart shows a symmetrical triangle pattern, suggesting a potential breakout in either direction.
Currently, it is facing a resistance at 4.8% and if the resistance stays strong then a 7% rejection is likely possible.
Key Levels to Watch:
~ Resistance around the 4.80% level.
~ Support around the 4.50% level.
USDT-M
BITCOIN - Price can continue to decline in channel to $61100Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price declined to support level, which coincided with support area, and even broke it and fell lower.
Then price started to grow inside rising channel, where BTC soon broke $61100 level again and then made retest.
Price rose to resistance level, which coincided with resistance area, but at once made correction movement.
Next, BTC reached $71300 level one more time, made fake breakout of it, and then started to decline in falling channel.
Also now, price continues to decline inside this channel and I think Bitcoin can reach resistance line.
After this, price can bounce and continue to decline in falling channel to $61100 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin's Best Worst-Case ScenarioPreface: BTC's long-term trend is till bullish, so most likely scenario at this point is a continuation of the trend. Still, it's important to consider different views.
Bitcoin has been trading within the 70k-60k area for the better part of three months at this point. This came after making a (minor) new all-time high. This is the first all-time high that occured before the halving, so rather special.
Worst-case scenario for the bulls would be that we lose the long-term uptrend. Best worst-case would be a strong reversal from the bottom support. This support has been holding for >5 years, so I'd assume that a lot of buyers will be waiting around the support.
If we extrapolate history, Bitcoin should top out somewhere in Q4-2025. A move towards the support during the next few months and then a year of straight bull would fit this view.
More info on how I came to Q4-2025 here:
Do you think Bitcoin is going to make a new all-time high soon? New bear market? Share your thoughts.
WLD Extremely Oversold: Bounce Idea!Just like most alts, WLD has been selling off over the last weeks. However, we're now trading at an RSI of around 26 points on the daily chart, which implies strong oversold conditions.
This analysis is based on the idea that WLD will bounce in the near future. I keep the target relatively close because the longer-term trend is still bearish.
Market update: Relief or more Dump?USDT dominance is currently hitting three major resistance levels:
1. 100 EMA (blue)
2. 50 SMA (red)
3. 8-month-old trendline resistance (blue)
This confluence of resistance makes this level crucial. Taking into account the channel breakdown and retest, a rejection seems more likely at the moment, suggesting a potential market relief rally.
Invalidation:- Close above the red zone.
dyor, nfa
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
KSMUSDT.1DIn this professional analysis of the Kusama (KSM)/USDT daily chart on Binance, I'll delve into the current technical setup and evaluate potential future movements based on the observed price action and indicators.
Price Action and Support/Resistance Levels
The current price of KSM stands at approximately $26.39, with a recent loss of 5.48% on the day. The chart identifies significant resistance levels at $34.72 (R1) and $47.90 (R2), as well as support levels at $23.37 (S1) and $15.29 (S2). These levels are crucial for understanding potential bounce-back points or further declines.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and close to the zero line, indicating a lack of strong momentum and leaning towards bearish territory. The proximity to the zero line suggests a potentially weaker trend or a consolidation phase.
RSI (Relative Strength Index): The RSI is below 40, which typically indicates bearish momentum and shows that the asset might be approaching oversold conditions. This could potentially lead to a rebound if buyers step in near key support levels.
Market Sentiment
The overall market sentiment, as reflected by the technical indicators and recent price action, suggests bearishness in the short term. The significant drop in price, combined with the current positioning of the MACD and RSI, indicates that KSM may continue to face downward pressure.
Conclusion
Considering the bearish signals from both the MACD and the RSI, as well as the current price level nearing the first support at $23.37 (S1), KSM appears to be in a vulnerable state. If this support level holds, there could be a potential for a short-term recovery towards R1. However, a break below S1 could lead to further declines towards the more substantial support at S2. Given this outlook, traders should keep a close watch on these support levels and adjust their strategies accordingly, perhaps setting stop-losses to manage risk effectively in a volatile market. This analysis underscores the importance of vigilance in monitoring further developments and being prepared to act based on key technical levels and indicator signals.
FLUXUSDT.1DIn this technical analysis of the FLUX/USDT 4-hour chart on Binance, we'll explore the significant technical aspects that are currently shaping the market dynamics of FLUX.
Price Action and Support/Resistance Levels
The chart shows FLUX trading at approximately $0.7379, with a significant downtrend visible, marking a 10.77% decline in the last recorded session. Key resistance levels are indicated at $1.0816 (R1) and $1.2427 (R2), while support levels are set at $0.6595 (S1) and $0.4893 (S2). These levels suggest potential areas where price movements could stall or reverse.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is currently below the signal line, and the histogram reflects negative values, both of which indicate bearish momentum. The increasing distance between the MACD line and the signal line suggests that the bearish momentum is strengthening.
Historical Volatility: While not explicitly shown, the wide price fluctuations suggest high volatility, typical of lower-cap cryptocurrencies like FLUX. This volatility can lead to rapid price changes, affecting trading strategies.
Market Sentiment
The recent sharp decline and the position of the price relative to the support and resistance levels imply a bearish sentiment in the market. The trading volume, though not visible in this snapshot, would provide additional insights into market conviction.
Conclusion
The current market setup for FLUX suggests a bearish outlook, as indicated by the technical indicators and the recent price action. The price is approaching the first support level (S1), and how it reacts to this level could be crucial. A break below S1 could see FLUX testing the lower support at S2. Conversely, if S1 holds, there might be a potential rebound towards R1. Traders should monitor these levels closely for signs of a reversal or continuation of the current trend. As always, considering the inherent volatility in such assets, risk management strategies such as stop losses should be employed to protect investments.
ETHUSDT.1DIn this technical analysis of the Ethereum (ETH)/USDT daily chart on Binance, we are reviewing the primary technical indicators and price structures that might influence Ethereum's price movements in the near future.
Price Action and Support/Resistance Levels
The current price of ETH is approximately $3,042.48, showing a recent decline of about 1.93%. The chart identifies critical resistance (R1, R2, R3) and support levels (S1, S2, S3). The highest recent resistance is at $4,371.66, and support levels are situated at $3,293.19, $2,874.64, and $2,112.62. These levels are instrumental in determining potential turning points or consolidation zones in the market.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line below the signal line and a negative histogram suggest a bearish momentum is currently prevailing. The decreasing histogram height also indicates that the bearish momentum may be losing strength, which could mean a potential stabilization or reversal of the price movement soon.
RSI (Relative Strength Index): The RSI stands at approximately 55, indicating a neutral market condition. This level suggests that while the market is not in overbought or oversold territory, there is still room for either bullish or bearish developments depending on broader market cues.
Chart Patterns
The chart shows Ethereum in a descending channel pattern, indicating a potential continuation of the bearish trend if the upper boundary of the channel holds as resistance. The next key observation will be whether the price tests and respects the S1 support level, which could lead to a rebound towards R1.
Conclusion
Considering the present indicators and the price behavior within the descending channel, Ethereum appears to be navigating a bearish phase with the potential for testing further support levels, particularly if the current support at S1 fails to hold. The bearish MACD suggests caution, but the neutral RSI provides a slight buffer, indicating that not all bullish momentum is lost. Traders should watch for potential rebounds at major support levels or a break above the channel as signals for a trend reversal. As with any trading strategy in such volatile markets, setting stop losses and monitoring key resistance and support flips are advisable to manage risks effectively.
BNBUSDT.1DIn this professional analysis of the Binance Coin (BNB)/USDT daily chart on Binance, we are examining the key technical indicators and price structures that may affect the future price movements of BNB.
Price Action and Support/Resistance Levels
The current price of BNB stands at approximately $594.1. The chart presents a structured view with key resistance (R2) and support levels (S1, S2, S3, S4) defined. The highest recent resistance is marked at $724.1 with the latest price falling below this peak. The primary support levels are indicated at $625.5, $498.2, and $398.5, which help in identifying potential bounce-back points or areas where price might consolidate.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and close to zero, suggesting a decrease in momentum and a potentially bearish outlook in the short term. The negative histogram further indicates that the bearish momentum could be increasing.
RSI (Relative Strength Index): The RSI is slightly below 60, which indicates a somewhat bullish momentum but nearing neutral territory. This suggests that while the market is not excessively overbought, there is also no strong bullish momentum at present.
Chart Patterns
The chart shows a range-bound movement with periodic tests of the aforementioned resistance and support levels. Recent price movements suggest a potential downward trend toward the next support level if the current price continues to decrease.
Conclusion
Given the current technical analysis of BNB/USDT, the market seems to be in a cautious phase with a potential bearish bias due to the MACD's positioning. However, the RSI provides a slightly conflicting signal, suggesting some remaining bullish sentiment. Investors and traders should monitor these indicators closely along with any geopolitical or economic news that could influence market sentiment. The key will be to watch for potential rebounds off support levels or a breakthrough above current resistance, which would necessitate a reassessment of the bearish outlook. As always, maintaining a balanced perspective with stop-loss orders to manage risks is advisable in such volatile environments.
BTCUSDT.1DIn this technical analysis of the Bitcoin/USDT daily chart on Binance, we observe a few key indicators and their potential implications for the cryptocurrency's price action.
Price Action and Support/Resistance Levels
The chart illustrates a period of fluctuation within a defined range, showing strong resistance around $73,777 and multiple support levels marked as S1, S2, and S3, with the current price near $65,463.97. Notably, there is a significant support level at $56,715.39, which could play a crucial role if a downward trend were to resume.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is not visible, but the histogram below the price chart suggests a potential increase in bearish momentum as it appears to be in the negative territory. This indicates that the market might be gaining downward momentum or that a reversal from recent gains could be imminent.
RSI (Relative Strength Index): The RSI, at a value of around 53.87, is near the midpoint of 50, which typically indicates a neutral market condition. This positioning does not strongly support either a bullish or bearish trend in the immediate term, suggesting a possible continuation of the current consolidation phase.
RSI-based MA (Moving Average based on RSI): This indicator is also neutral, aligning with the RSI’s implication of ongoing market indecision.
Conclusion
Considering the current indicators and the price’s position relative to its recent range, Bitcoin seems to be in a consolidation phase with potential tests of both support and resistance levels in the near future. The negative tilt in the MACD histogram and the neutral RSI readings suggest a lack of strong bullish momentum, pointing to possible sideways movement or slight bearish pressure in the short term. Investors and traders should watch for a breakout above the current resistance or a breakdown below support levels to gauge the next significant move in the market. The key will be monitoring these levels and indicators closely for any signs of a definitive trend.
US DOLLAR ANALYSIS The US dollar is consolidating within a symmetrical triangle, with the 200MA providing support below. A breakdown indicates a strong downward trend, while a breakout suggests a bullish trend. Watch for a clear breakout or breakdown to determine the next direction. Remember, the US dollar often inversely correlates with the crypto market.
Stay tuned for further updates and analysis. Thank you!
PEOPLEUSDT.1DExamining the daily chart of PEOPLE/USDT, I can provide a detailed analysis that sheds light on its current market dynamics and potential trajectory.
Price Action: Currently, PEOPLE/USDT is trading at around $0.11306, indicating a slight decrease of 0.81% from the previous day. The price has been consolidating within a range defined by $0.09721 (S1) and $0.14487 (R1). This sideways movement suggests indecision in the market, where neither bulls nor bears have definitive control.
Support and Resistance Levels:
Support Levels (S1 and S2): The nearest support level at S1 ($0.09721) has been tested multiple times, suggesting it as a significant zone where buyers have previously shown interest. A further support level at S2 ($0.06583) represents a more substantial downside risk but hasn't been tested recently.
Resistance Levels (R1 and R2): The resistance at R1 ($0.14487) is the immediate hurdle. Overcoming this could pave the way towards testing R2 ($0.16556), which is closer to the recent highs.
Technical Indicators:
Moving Average Convergence Divergence (MACD): The MACD line is currently below the signal line and close to crossing above it, suggesting a potential increase in upward momentum if a bullish crossover occurs. However, the MACD histogram shows minimal activity, indicating low momentum currently.
Relative Strength Index (RSI): The RSI is at approximately 67, which is near the overbought territory but not quite there yet. This suggests some bullish momentum, although it is nearing levels where the asset could be considered overvalued in the short term.
Conclusion:
The technical analysis of PEOPLE/USDT indicates a cautiously optimistic outlook. With the price nearing the upper end of its recent range and potential bullish signals from the MACD, there might be an opportunity for upward movement if the market can sustain momentum and break through the R1 resistance level. However, the proximity of the RSI to overbought levels warrants caution, as it may limit the potential for significant further gains without a pullback or consolidation. Investors should consider setting stop-loss orders just below S1 to protect against potential declines while targeting R1 and possibly R2 if upward momentum continues. Additionally, monitoring volume and further MACD developments will be crucial to confirming any bullish trend.
FLOKIUSDT.4HExamining the 4-hour chart for FLOKI/USDT offers a detailed glimpse into its current technical landscape, allowing for an informed analysis.
Price Action: FLOKI/USDT is currently trading at 0.00024018, showing a slight increase of 1.99%. The chart indicates a pattern of higher lows, which could be viewed as a bullish signal. However, the price is presently near the support level S1 at 0.00018637, which needs to hold to maintain the upward trajectory.
Resistance Levels: The immediate resistance level R1 at 0.00033719 appears to be a significant barrier from past price interactions. The upper resistance R2 is set along an upward trendline, suggesting that if the price breaks above R1, it may find dynamic resistance as it ascends along this line.
Support Levels: The noted support at S1 is crucial; a breach below this could signal a shift in market sentiment to bearish, potentially leading to further declines. The support levels are critical for determining where buyers repeatedly enter the market, stabilizing the price.
Moving Average Convergence Divergence (MACD): The MACD indicator is below the zero line, which traditionally suggests bearish momentum. However, the MACD line is converging towards the signal line, indicating that the downward momentum may be losing strength, and a potential bullish crossover could occur if the trend continues.
Relative Strength Index (RSI): The RSI stands at 37.22, which is close to the oversold territory (below 30). This suggests that there might be potential for a bullish reversal as the market perceives FLOKI as undervalued.
Conclusion:
The technical outlook for FLOKI/USDT suggests cautious optimism. The near-oversold RSI and the converging MACD indicate potential for a reversal, but the key will be whether the support at S1 holds. If the price sustains above S1 and experiences a bullish MACD crossover, there could be an opportunity to target R1 as the next resistance level. However, if S1 fails, the sentiment might turn bearish, leading to a further decline. Traders should consider setting stop-losses below S1 to manage risk while preparing for a possible ascent towards R1 if upward momentum gains confirmation through technical indicators.
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.
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.