USDT.D Analysis: $ Dominance Dips, Opening Doors for Crypto?Hey traders,
Let's dive into Tether Dominance CRYPTOCAP:USDT.D and see what it might mean for the crypto market.
Channel Cracked:
USDT.D used to chill in a monthly channel for a while. But recently, it decided to break free, potentially paving the way for a continued decline in dollar dominance, reaching the next weekly resistance level.
RSI Bouncing Back (Maybe):
The Relative Strength Index (RSI) just stepped out of the oversold zone. This could signal a potential price bounce or a period of consolidation (think of it as the market taking a breather).
Crypto on the Rise?
As long as dollar dominance keeps falling, more money might flow into cryptocurrencies, potentially pushing their prices up.
Bitcoin's Buddies:
If this dollar decline happens alongside Bitcoin price fluctuations and a dip in its own dominance, we could see altcoins surge in an epic way!
The US Dollar Factor:
One big question mark: how will US policies affect the dollar's value and, in turn, crypto prices? Only time will tell.
Time to Take Profits?
If the RSI exits the oversold zone, it might be a good time to consider closing out your long positions (selling your crypto) or taking some profits off the table.
Remember:
This analysis is for educational purposes only, not financial advice. Do your own research and use proper risk management before making any trades.
Usdt
🔥 FTM Cup & Handle Break Out Confirmed!Around three weeks ago I made an analysis on FTM where I discussed the pending break out of the cup & handle pattern.
As seen on the chart, the pattern has been successfully confirmed and a break out is currently underway. FTM is now trading at it's highest point in 22 months.
2$ is the target for now. If BTC will soon break through 70k with confidence, we might move the profit target to 3.45$ or even 5$.
FTM is going to fly.
Binance Coin can rise higher than resistance line and then fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some days ago started to rise in an upward channel, where it soon broke the 360 support level, which coincided with the buyer zone, and in a short time later reached the resistance line of the channel. After this price made the correction and then continued to rise in the channel to the current support level, which is located in the support area. In a short time, BNB broke this level too and soon reached the resistance line of the channel, but at once price turned around and exited of channel and then declined to the 400 level. After this movement, the price rebounded from this level and started to rise, but later it made a downward impulse to the 360 level. Soon, the price turned around and at once made a strong upward impulse back and even higher. So, at the moment, BNB trades very close to the resistance line, therefore I think Binance Coin can rise a little higher than the resistance line, after which the price will turn around and start to decline. For this case, I set my TP at - 420 points. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can reach ATH again and then start to fallHi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the trend line, after which it rebounded and rose to support 2, which coincided with the support zone. In the support zone, the price broke the trend line and later bounced from this zone to this line, breaking support 2. After this, BTC some time traded between the trend line, and at the last time price declined below this line, after which the price soon made a strong impulse up, higher than the trend line, breaking it one more time. Later BTC reached support 1, which coincided with the support zone, where it some time traded and then rebounded up to 68900 points, but soon price turned around and made an impulse down to the trend line. After this movement, the price in a short time rose back to the support zone and also soon rose higher. Now, the price continues to move up and for my mind, Bitcoin will reach ATH again and then it turn around and start to decline. So, for this thing, I set my target at the 61800 support level. If you like my analytics you may support me with your like/comment ❤️
🚧ALPHAUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
BINANCE:ALPHAUSDT
Today, I want to analyze ALPHA for you in a 3D time frame so that we can have a mid-term view of ALPHA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
ALPHAUSDT is going to test the top of channel & C&H on 3D timeframe🤔
Up we go if we do breakout.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- AB=CD
- Ascending Channel
- cup & handle
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$FDUSD is a financial illiquid scamCRYPTOCAP:FDUSD is a financial illiquid scam
FDUSD (First Digital USD) is a reserve-backed stablecoin issued by a subsidiary of First Digital Limited, a Hong Kong-headquartered financial firm. Let’s delve into the details:
FDUSD Overview:
Introduced in June 2023, FDUSD aims to be backed by one U.S. dollar or an equivalent value asset held in reserves.
The issuer, FD121 Limited, is a subsidiary of First Digital Limited.
First Digital Trust Limited, another subsidiary, acts as the appointed custodian for FDUSD reserves.
Reserves are held in segregated accounts, ensuring no commingling with other assets.
The goal is to maintain a 1:1 backing of FDUSD with cash or highly liquid assets.
Audited Reserves:
FDUSD provides an “attestation of reserve” report audited by independent auditors.
This report demonstrates that the supply of FDUSD in circulation is fully supported by an equivalent value of cash or cash equivalents held in custody.
While FDUSD aims for stability, there are inherent risks:
Illiquid Assets: FDUSD’s reserves can vary from highly liquid to nearly illiquid assets.
Issuer Risk: There’s a risk that the issuer may fail to uphold stablecoin features, including nominal value and timely redemption at par
THE REAL PRICE OF FDUSD AT THE CURRENT HOUR is 25 cents for each 1 dollar 25 cents for each 1 dollar, they are under collateralized.
THIS MEANS: 1 CRYPTOCAP:USDT = 4 CRYPTOCAP:FDUSD OR 1 CRYPTOCAP:FDUSD = 0.25 CRYPTOCAP:USDT
EXIT BINANCE, DUMP FDUSD, CALL POLICE!.
BTCUSDT.4HBased on the current market data for BTC/USDT, the current price is 67166.0 USDT. The 4-hour Relative Strength Index (RSI) is 63.44, which means the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) for the same period is 1043.74, indicating a bullish market.
The Bollinger Bands (Bb) for the 4-hour chart is at 69376.0, with the price currently below the upper band, indicating that it is not overbought. The immediate supports are at 65327.0, 61437.0, and 58473.0 USDT. The resistances are at 70115.0, 72800.0, and 74100.0 USDT.
On the daily chart, the RSI is 92.34, indicating an overbought market. This could suggest a potential price correction in the near future. The MACD is 4603.0, indicating a strong bullish market. The Bollinger Bands are at 69376.0, with the price above the upper band, indicating an overbought market. The supports are at 58473.0, 56799.0, and 51800.0 USDT. The resistances are at 72800.0, 74200.0, and 77200.0 USDT.
On the weekly chart, the RSI is 88.81, indicating an overbought market. The MACD is 6747.0, indicating a strong bullish market. The Bollinger Bands are at 69377.0, with the price above the upper band, indicating an overbought market. The supports are at 44680.0, 38700.0, and 31800.0 USDT. The resistances are at 80770.0, 91500.0, and 98400.0 USDT.
In conclusion, the market is strongly bullish across all time frames. However, the high RSI values suggest that BTC is overbought, especially on the daily and weekly charts, and may experience a price correction in the near future. Therefore, it might be a good idea to take profits or set stop losses to protect against a possible downturn. It's important to keep monitoring the market closely.
ETHEREUM - Price can bounce down from resistance level to $3565Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once declined to support line, after which bounced and continued to rise.
Soon, price reached $3200 level, which coincided with support zone and broke it, after which ETH made retest.
Then price rose to resistance line of channel, but at once fell to support line and then bounced up to $3820 level.
After this movement, ETH at once made strong downward impulse to $3200 level, but in a short time back up.
Also soon, price broke $3820 level, which coincided with resistance area, but at the moment ETH trades in this area.
I think Ethereum can bounce from resistance level and start to decline to $3565
If this post is useful to you, you can support me with like/boost and advice in comments❤️
🔥 Bitcoin's New All-Time High Dump: Temporary Or Not?Two days ago I made an analysis on my expectation of Bitcoin's short-term price action, based on historical price action at the moment a new all-time high has been made.
My most likely scenario was a new ATH, followed by a dump towards the first yellow area of support. This has now occured, together with an hourly oversold reading on the RSI.
Experienced traders spotted an opportunity, and BTC rose over 13% in a matter of hours.
For now, my most likely scenario would be 1-2 weeks of consolidation between 60k and 69k. It seems like a small area on the chart, but it's still 15%. Alts could dump as much as 30% during a retest of the bottom yellow support, so be careful with leverage.
Keep in mind that a move towards the second support is still in the cards. Not very likely, but it's still a risk. Consequentially it would be an amazing area for long-term entries.
It's now a matter of exhausting the bears until there are no more sellers left. Once there are no more sellers left I expect a strong break out with high volume, which will be the start of a new era of price discovery.
Bitcoin can make little movement up and then start to fallHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago long time traded between the support level, which is located in the buyer zone. But last time, it turned around and started to move up in an upward channel, breaking at once the 51600 support level. In the channel, BTC in a short time rose to the resistance line from the support line and even a little higher, reached the 64000 level, but soon price fell back to the channel and a few time traded below this level. Later BTC broke the 64000 support level and rose to the resistance line of the upward channel, but it at once fell back, after which it tried to back up to the resistance line and when it rose to this line again BTC made a downward impulse to support line of channel, thereby breaking 64000 support level. After this movement, the price rebounded from the support line and soon reached the current support level again, after which in a short time it broke this level and at the moment, Bitcoin continues to grow. In this case, I think BTC can rise a little to 68800 - 69000 points, and then start to decline to 64000 support level. For this reason, I set my target at this level. Please share this idea with your friends and click Boost 🚀
🔥 LUNA Revenge: Back To Former GloryLet me preface that this trade is very risky and not likely to hit it's target. Risk=reward. You can potentially 126x your entry amount, so compare it with a lottery ticket.
LUNA has broken out of a 1.5 year bearish channel pattern, which dominated the trend after the collapse back in May of 2022.
This trade is based on the idea that LUNA will, miraculously, go back to it's former highs by the power of short-squeezes and memes.
Wait for the price to reach above 1.3$ to confirm a longer-term trend shift. Stop below the recent swing-low.
🔥 WorldCoin [WLD] Bull-Flag SignalIn my last analysis I talked about the bullish channel that WLD was trading in. My anticipation was that WLD would break through the top resistance and make it's way to 10$.
After topping out around 9.25$, WLD has been reading sideways. With BTC trading exceptionally bullish, I expect WLD to break out of this pattern in the near future.
WLD can fly. I'm aiming at 20$ over the next few weeks. By keeping a very tight stop we can create a very good R/R of over 28 for this trade.
For Dione, 1 cent is a reasonable target (400 %)HI Guys!
In general, if we buy with the intention of holding, it doesn't matter if we buy 10% higher or lower .
But in order to better understand the concept of risk and capital management and to be able to prevent ourselves from becoming fomo , we must have a specific entry point and an exit point , and in general, a specific trading setup according to our individual characteristics .
In general, if we are going to lose our money, it is better to lose it ourselves than to have someone else do it !
For a currency like MEXC:DIONEUSDT , which has a higher investment risk than other more well-known currencies, a multiple reward is waiting for us , so we should allocate a small amount of our portfolio to it.
Technically, for me, re-pumping of MEXC:DIONEUSDT depends on the short-term triangle break and then the 180-day downtrend break and its confirmation in a higher time frame .
My medium-term target for MEXC:DIONEUSDT is around 0.005 and longer term is 1cent .
And I consider the stop loss below the support range around 0.002 .
DOTUSDT.1DBased on the provided market data, the DOT/USDT pair is currently showing signs of a bullish trend. The current price of 9.785 is above the support levels for 4h, 1d, and 7d, indicating a strong buying pressure.
The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. An RSI above 70 usually suggests overbought conditions. The RSI values for 4h, 1d, and 7d are 71.71, 85.95, and 74.16 respectively. This indicates that the market is overbought in these timeframes, suggesting caution as there could be a potential reversal or slowdown in the trend.
The MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator. A positive MACD indicates that the 12-day EMA is above the 26-day EMA, which is a bullish signal. The MACD values for 4h, 1d, and 7d are positive, reinforcing the bullish trend.
The Bollinger Bands (Bb) indicate the volatility in the price. The current price is below the upper Bb for all timeframes, indicating less volatility and a potential for price to go higher.
The resistance levels for 4h, 1d, and 7d are 10.720, 10.840, and 10.992 respectively. These are the levels that the price would need to break through to continue its upward trend.
In conclusion, the market data shows a strong bullish trend for the DOT/USDT pair. However, the high RSI values suggest the market is overbought and there could be a potential price correction or slowdown in the trend. As always, it's important to consider other factors and your own risk tolerance when making investment decisions.
XRPUSDT.1DBased on the provided market data, the XRP cryptocurrency is currently trading at $0.64. The Relative Strength Index (RSI) over 4 hours, 1 day, and 7 days are 69.38, 72.92, and 59.71 respectively. An RSI over 70 usually indicates that an asset may be overbought, and thus due for a price correction. However, the 7-day RSI is still below 70, suggesting that the asset is not in the overbought territory on a weekly basis.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.15, 0.022, and 0.0078 respectively. A positive MACD suggests that the asset is in a bullish phase and may continue to rise.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 0.66, 0.6545, and 0.6931 respectively. The current price is below the upper band in all three periods, suggesting that the asset is not overbought.
The support levels for 4 hours, 1 day, and 7 days are $0.6294/$0.5925/$0.5808, $0.5753/$0.5442/$0.5050, and $0.5916/$0.4852/$0.4827 respectively. If the price of XRP falls, these levels could serve as the points where the price may start to rise again.
The resistance levels for 4 hours, 1 day, and 7 days are $0.66/$0.6880/$0.7160, $0.6623/$0.7248/$0.7548, and $0.6956/$0.7550/$0.8150 respectively. If XRP continues to rise, these levels could serve as the points where the price may start to fall.
In conclusion, the XRP seems to show a bullish trend based on its positive MACD and RSI values that are not in the overbought territory. However, it's important to monitor the RSI closely as it's approaching the overbought level in the 4-hour and 1-day periods. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
RIFUSDT.1DBased on the provided market data, the RIF currency is currently trading at $0.26 against USDT. The RSI (Relative Strength Index) values for 4 hours, 1 day, and 7 days are 73.56, 74.29, and 78.80 respectively which indicates that the currency is currently in an overbought condition. Overbought typically means that a pullback in price could be due.
The MACD (Moving Average Convergence Divergence) values for 4 hours, 1 day, and 7 days are 0.010, 0.020, and 0.030 respectively. The positive MACD indicates that the currency is on an uptrend, which is a bullish sign.
The Bollinger Bands for 4 hours, 1 day, and 7 days are 0.2693, 0.2670, and 0.2717 respectively. The price is currently above the middle band in all three time frames, suggesting a bullish trend.
The support levels are at $0.2270, $0.2011, and $0.1776 for 4 hours, $0.2105, $0.1705, and $0.1240 for 1 day, and $0.1423, $0.092, and $0.062 for 7 days. These levels might be the potential bouncing points for the currency if it starts to pull back.
The resistance levels are at $0.2858, $0.2890, and $0.3275 for 4 hours, $0.3211, $0.3246, and $0.3560 for 1 day, and $0.3070, $0.3658, and $0.4970 for 7 days. These are the levels to watch if the currency continues its uptrend.
In conclusion, the RIF is showing signs of a bullish trend. However, the high RSI values suggest that it could be due for a pullback soon. Therefore, it's important to keep an eye on the support and resistance levels for potential buying or selling opportunities. As always, please consider your risk tolerance and investment goals before making any decisions.
HelenP. I BNB can repeat movement down and then continue riseHi folks today I'm prepared for you Binance Coin analytics. If we look at the chart we can see how the price some time ago entered to upward channel, where it at once declined to the trend line, which is the support line of the channel also. After this, BNB rebounded from this line and rose to support 2, which coincided with the support zone and soon broke it, after which made the small correction and continued to move up in the channel. But soon price fell again to support 2, and at once made a strong impulse up to support 1, which coincided with one more support zone and tried to break it, but failed and declined to the trend line. After this movement, BNB started to rise close to the trend line and soon price broke support 2, and a not long time ago rose a little higher than the support zone. Now, the price trades near this zone and I expect that Binance Coin will repeat movement down to the trend line and then rebound up and continue to rise in an upward channel. For this case, I set my target at the 433 level.If you like my analytics you may support me with your like/comment ❤️
Ripple can continue to move up in upward channelHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price some days ago started to trades in the range, where it tried at once to rise, but failed and declined to the bottom part, which coincided with the buyer zone and 0.5300 level. After this, XRP some time traded in this zone, and last time it rebounded up to the top part of the range, which coincided with the 0.5940 support level with the area. But the price at once bounced and made impulse down to 0.5300 level, after which it started to rise in an upward channel, exited from range. In the channel, the price rose to the support area, breaking the 0.5940 level, but soon made a correction below this level. Later, XRP broke the 0.5940 level again and rose to the resistance line of the channel, after which it rebounded down to the current support level. But a not long time ago price bounced from this level and continued to rise in an upward channel. So, now I think Ripple can make a small correction movement and then continue to grow to the resistance line of the channel. For this case, I set my target at the 0.6930 level, which coincided with line. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can exit of pennant and continue grow to $68350Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price declined to the support area, which coincided with support level, and started to trades in this area.
After few time, BTC entered to pennant, where it at once bounced from support line and made strong upward impulse.
BTC broke $51800 level and soon reached $61300 level, which coincided with one more support area.
Soon, price broke this level and rose to resistance line of pennant, after which it corrected $51800 level.
Then price some time traded near this level and a not long time ago it bounced up to resistance line of pennant.
Now price I think Bitcoin can correct to support line and then bounce up to $68350, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️