🔥 SOLANA Huge Channel Break Out: Bull Cycle TagetAs of this week, SOL has finally broken out of a multi-year parallel channel (1). In my view, this is the start of a potentially amazing run up towards >1000$.
As seen on the chart, there are multiple channels to be drawn on the chart, all using the bottom support (0) as their main base. The third channel (3) might be too far fetched for now, but it still would make a great trade.
For now, I think that a target at the second channel (2) is a more realistic target for the next year or so. With a stop at 140$ and a target at 1250$ we can create a huge trade with a RR over 23.
Usdt
Movement needs to be confirmed by around March 17thHello traders!
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The overall picture is as follows.
(BTCUSD 1M chart)
Looking at the TradingView INDEX chart, it appears that the new high (ATH) has been updated.
To date, the StochRSI indicator on the 1M chart has been maintained at the highest point of the overbought zone for up to 2 months.
Accordingly, the key question is whether the StochRSI indicator can maintain its peak in April.
If not, I'll have to prepare for a decline.
(BTCUSDT 1M chart)
If the decline begins, the key is whether support can be found around 59053.55 (56090.42-61202.17).
If it falls below this range, it is expected to fall to around 42K-47K (44200-47600).
If there is support near 69000, the next target is expected to be around 1.618 (88913.24).
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The reason why there are expectations that BTC will rise again even if it falls is because USDT and USDC continue to maintain a rising gap.
This is because we believe that the fact that USDT or USDC shows a rising gap is evidence that funds are flowing into the coin market.
I believe that the increase in USDT or USDC through transactions is expressed through candles.
(USDT chart)
(USDC chart)
Therefore, I think that for the coin market to show a downward trend, USDT must show a gap decline.
Therefore, I believe that the decline of BTC in these fund flows will actually increase buying power.
(BTC.D 1M chart)
In order for the altcoin trend to begin, I believe BTC dominance must fall below 50 and remain there.
However, if possible, I think BTC dominance should rise in the 55.01-62.47 range or higher and then decline.
Otherwise, if BTC shows signs of falling at a critical point, the fall in altcoins is expected to be large.
Accordingly, when trading altcoins, it is necessary to recover the purchase price as quickly as possible from a day trading perspective.
(USDT.D 1M chart)
As USDT dominance falls below 4.97, the coin market is expected to enter a bull market.
Accordingly, if USDT Dominus rises above 4.97, the coin market is expected to see a significant decline.
In order for this downtrend to become a full-fledged downtrend, USDT must show a gap decline.
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(BTCUSDT 1W chart)
As BTC renews its new all-time high (ATH), I think the likelihood of increased selling is increasing.
Accordingly, it is important to determine where the key support and resistance points are within the current price position.
Currently, the 66401.82-69000 area is considered to be an important support and resistance area.
To confirm this, you can check the movement of altcoins when BTC falls to the 66401.82-69000 range.
The StochRSI indicator is expected to touch the top of the overbought zone.
Accordingly, the 66401.82-69000 section is expected to be an important section.
(1D chart)
If the new high (ATH) is renewed and the upward trend is maintained, there is no way to know what will happen in the future.
Accordingly, a predictable picture is drawn using the chart tool.
A representative charting tool is the Fibonacci ratio.
The 1.27 (73308.95) and 1.414 (79765.89) points indicated by the Trend-Based Fib Extension tool are likely to serve as resistance zones.
However, since the ratio that has an important meaning in the Fibonacci ratio is 0.618, it is believed that if the price surges, it is highly likely to touch around 1.618 (88913.24).
To maintain this upward trend, we need to see if we can find support near the previous high point of 69000 and rise further.
This volatility period lasts until March 11th.
Therefore, the key is whether the price can be maintained above 66401.82.
The next period of volatility is around March 31st.
However, it is necessary to check the movement around March 17 (March 16-18).
This is because there is a possibility that a trend will slowly form around March 17th (March 16th-18th).
As of now, the short-term downtrend turning point is 1 (61202.17).
Accordingly, it is important whether there is support or resistance around 56150.01-61202.17.
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The gist of the above is
- If USDT maintains its gap upward trend, it is expected to eventually maintain its upward trend even if BTC falls.
- In order to see a major uptrend in altcoins, BTC dominance must fall below 50.
However, it is thought that it is highly likely that the altcoin bull market will be maintained only if BTC dominance rises in the 55.01-65.47 range or higher and then falls.
If not, you need to be careful when trading as altcoins are likely to see a large decline when BTC appears to be falling at a critical point.
- If BTC falls below 61202.17, it is highly likely to turn into a short-term downtrend.
Accordingly, it is important whether support or resistance is received around 56150.01-61202.17.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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AMBUSDT.4HThis chart depicts the 4-hour price movement of Ambrosus (AMB) against Tether (USDT), with various technical analysis tools applied:
Ichimoku Cloud: The price is currently below the Ichimoku cloud, suggesting a bearish trend. The cloud acts as a dynamic resistance zone.
Resistance Levels (R1, R2): The chart shows resistance levels at 0.0153 USDT (R1) and 0.01747 USDT (R2). These levels could pose challenges for the price if it attempts to rally.
Support Levels (S1, S2): Support is established at 0.01181 USDT (S1) and a lower support at 0.00960 USDT (S2). These areas may offer potential bounce points if the price continues to decline.
MACD (Moving Average Convergence Divergence): The MACD line is very close to the signal line, suggesting a lack of strong momentum in either direction.
RSI (Relative Strength Index): The RSI is hovering around 46, indicating neither overbought nor oversold conditions, suggesting the potential for movement in either direction.
Given the bearish signal from the Ichimoku Cloud and the lack of momentum indicated by the MACD, I would watch for a potential retest of the cloud from below. If the price fails to break through the cloud, it could indicate a continuation of the downtrend. The RSI being neutral suggests some indecision in the market. Therefore, I would be cautious about entering long positions unless there's a clear bullish reversal signal, potentially supported by increased volume. In case of further decline, I’d look at S1 and S2 as key areas to observe for possible entries, always keeping in mind to set stop losses to manage risks. The evolving market conditions should be monitored closely, along with any news or events that might affect AMB's price.
PONDUSDT.4HOn this 4-hour chart for Marlin (POND) against Tether (USDT), the price action is within a critical area of the Ichimoku Cloud, which can offer insights into the market's momentum and potential support and resistance levels.
Ichimoku Cloud: The price is currently sitting just above the Ichimoku Cloud. If it stays above, the Cloud can act as support, suggesting a bullish trend. A drop below the Cloud could signal a shift to a bearish trend.
Trendlines: A descending trendline is visible, which has been acting as resistance. If the price breaks above this line, it might indicate a potential reversal to the upside.
Support (S1): There’s a support level at the green ascending trendline, which if held, could indicate that the price may continue its uptrend.
Resistance (R1): The resistance level is marked above the current price. If the price reaches this level and fails to break through, it could lead to a potential sell-off.
MACD (Moving Average Convergence Divergence): The MACD is below the signal line, suggesting bearish momentum. However, the histogram is showing less negative momentum, which could indicate the possibility of a trend reversal or consolidation.
RSI (Relative Strength Index): The RSI is hovering just under the midline at around 47, which is neither particularly bullish nor bearish.
Conclusion:
I’d watch the price action in relation to the Ichimoku Cloud and the descending trendline. Maintaining above the Cloud and breaking the trendline could offer a bullish signal, in which case I would consider potential long positions with R1 as a target. If the price falls below the Cloud, I’d be cautious of a bearish trend developing and consider any trades accordingly, potentially looking for short opportunities if the trend confirms. The mixed signals from the MACD and RSI suggest it's a critical moment to be vigilant for confirming signs of the future price direction. Trading decisions should be complemented with other analyses and the latest market news.
BONDUSDT.1DBONDUSDT,1D
The BOND/USDT chart here shows a snapshot of Bondly’s price action on a 1-day timeframe, along with the Ichimoku Cloud, a trend-following system with multiple lines that help identify support and resistance levels and generate buy or sell signals.
Ichimoku Cloud: The price is below the Ichimoku Cloud, suggesting that we're in a bearish trend. The cloud is quite thick, which could indicate that there is significant resistance above the current price.
Support (S1, S2): Two support lines are marked. S1 is at 2.451 USDT, and the price is currently below this level, which could now act as resistance. S2 is the ascending line that has been supporting the longer-term uptrend; however, it appears that the price has breached this support.
Resistance (R2): A resistance line (R2) is marked above the current price level, indicating where the price might face obstacles if it attempts to recover.
MACD (Moving Average Convergence Divergence): The MACD is above the signal line but the histogram is decreasing, indicating that the bullish momentum might be waning.
RSI (Relative Strength Index): The RSI is near the 40 mark, which is slightly bearish but not oversold, suggesting there could be further downside.
Given these indicators, the overall sentiment seems bearish, and caution should be exercised. If considering a position, one might wait for the price to either retest the former support at S1 as resistance or for a bullish signal from the MACD and RSI to indicate a potential reversal. The breach of the long-term support line (S2) would warrant a careful re-evaluation of any bullish outlook on the asset. It's important to stay abreast of broader market trends and news that could impact the sentiment around Bondly.
HOOKUSDT.1DWe have a 1-day chart for Hooked Protocol (HOOK) paired with Tether (USDT) here, with Ichimoku Cloud analysis included.
Ichimoku Cloud: The price is currently above the Ichimoku Cloud, which typically suggests a bullish trend. The cloud serves as a support area, and the price staying above the cloud could indicate sustained bullish momentum.
Resistance Levels (R1, R2, R3): Resistance levels are identified at 1.6005 USDT (R1), 2.1217 USDT (R2), and 2.3313 USDT (R3). If the price were to rise, these levels might act as points where sell-offs could occur.
Support: The Ichimoku Cloud below the price forms the immediate support zone. If the price falls back into the cloud, it may indicate a loss of bullish momentum.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line but converging towards it, suggesting that the bullish momentum may be slowing down. The MACD histogram also reflects this, as the bars are shrinking, indicating lessening bullish momentum.
RSI (Relative Strength Index): The RSI is slightly above the midpoint at around 57, indicating that the asset is neither overbought nor oversold. There is room for price movement in either direction.
Conclusion:
Given that the price is above the Ichimoku Cloud and the MACD remains in a bullish configuration, it would seem the overall trend might continue upwards. However, the converging MACD indicates that I should watch for potential signs of a reversal or consolidation. I would keep an eye on the cloud for support and be ready to reassess my position if the price moves back into the cloud. If there's an upward move, I would consider the resistance levels as potential targets for taking profits. As always, it's crucial to keep updated with market news and sentiment, which can heavily impact price action, particularly for cryptocurrencies like HOOK.
BITCOIN - Price can rise a little and then bounce down to $65500Hi 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 support level, which coincided with support area, and rose to $69100 points.
After this, BTC declined below $62800 level, but soon it started to grow in rising channel.
In channel, price broke $62800 level, making fake breakout, and rose to resistance level, which coincided with resistance area.
Bitcoin some time traded in resistance area, but recently it, broke $71600 level and fall.
In a short time, BTC declined to $66700 points, exting from rising channel, and then start to rise near support line.
Now price continues to trades near this line and I think BTC can rise a little and then fall to $65500 points, breaking support line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XcelsiorThis beautiful coin is about to take off yet again.
If coinbase wasn’t a POS and wouldn’t shut down randomly during peak hours, it would have been a HUGE gain on the last take off… unfortunately they are a POS company at keeping the business running when prime trades need to be made We will make it back on this next push up, just a heavy portion of money missed out on due to horrible platform errors.
Inverse head
Good luck and have fun with it
🔥 Bitcoin Short-Term Reversal Play: Bottom In?BTC has dropped over 10% in the last two days. In my eyes, the bottom could potentially be in based on the parallel channel drawn on the chart.
Alts took another beating. If this reversal plays out both alts and BTC are in for a treat.
For now, I expect a retest 67.500$. Stop below the recent swing-low and a target at the yellow top resistance.
Binance Coin can break resistance level, and continue to growHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago rebounded from the support level, which coincided with the buyer zone and started to grow, but soon price made a correction to this level, after which BNB continued to move up. Soon, the price turned around and made a fake breakout of the 402 level and then it turned around and started to grow in an upward channel, where BNB soon broke the 402 level one more time and then continued to grow. In the channel, the price rose to the resistance level, which coincided with the seller zone and even broke this level, after which it reached the resistance line of the channel, thereby exiting from the seller zone also. But soon, BNB turned around from this line and in a short time declined to support line of upward channel, breaking the 586 level. At the moment, Binance Coin trades near this line, and in my opinion, BNB can rebound up from the support line to the seller zone, thereby breaking the resistance level. After this, Binance Coin can make a retest and then continue to grow in an upward channel, therefore I set my target at the 645 level. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can make retest, after which it continue fallHi folks today I'm prepared for you Bitcoin analytics. Some days ago BTC traded in the support zone, which coincided with the 51700 support level, and soon broke it and tried to rise, but failed and fell back to the zone. After this, the price little declined in the zone, after which BTC rose to the 51700 level, and at once rebounded down to the trend line. When the price touched the trend line, it turned around and made firstly strong impulse up to 63500 points, after which the price little corrected and then continued to move up to the resistance level, which coincided with the resistance zone. But BTC at once rebounded from this level and fell to the trend line, after which price in a short time rose back to the resistance level, and even entered to resistance zone, thereby breaking the 68500 level. Soon, the price rose higher resistance zone to new ATH - 73800 points, after which BTC turned around and fell back. As well recently, the price broke the resistance level, with the trend line, and at the moment, Bitcoin trades below. For my mind, BTC will make a retest to the trend line, after which the price can continue to decline, so, for this reason, I set my target at the 63500 level. If you like my analytics you may support me with your like/comment ❤️
FETUSDT.4HOn this 4-hour chart for Fetch.ai (FET) against Tether (USDT), we're looking at the price development and some key technical indicators.
Price Trend: There has been a recent downturn after a period of upward movement. The price has been on a general uptrend but has encountered a pullback.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, which indicates bearish momentum. The MACD histogram also shows a decline, supporting this view.
RSI (Relative Strength Index): The RSI is near the 50 mark, which suggests a neutral market without immediate overbought or oversold conditions.
Considering the chart and indicators, I’d look for potential support levels where the price might stabilize and bounce back if the overall uptrend is to continue. It’s also crucial to keep an eye on the MACD and RSI for any signs of a shift in momentum. The neutral RSI gives room for movement in either direction, so I’d be prepared for both bullish and bearish scenarios, setting stop losses to manage risk accordingly. Since the chart lacks detailed price points for potential support or resistance, I would also consider the broader market sentiment and any fundamental news that could affect FET's price action.
DOGEUSDT.4HIn the 4-hour DOGE/USDT chart, we’re witnessing a recent decline in price after an uptrend.
Resistance Levels (R1, R2): Resistance is found at 0.18159 USDT (R1) and 0.20989 USDT (R2). These may represent points where the asset has historically faced selling pressure and could act as target levels for future price increases.
Support Levels (S1, S2): Support is established at 0.15573 USDT (S1) and 0.12103 USDT (S2). These could be pivotal zones where the price may stabilize or bounce if downward pressure continues.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, suggesting bearish momentum. The histogram is also negative, supporting this sentiment.
RSI (Relative Strength Index): The RSI is hovering around 51, indicating a relatively balanced market with neither overbought nor oversold conditions.
Conclusion:
Given the current scenario, I would watch for how the price interacts with the first support level (S1). If it holds, it might provide a good entry point for a potential rebound, especially if other indicators like the MACD start to show a shift in momentum. If S1 fails to hold, I’d consider S2 as the next area of interest for support. For resistance, if the price rebounds and approaches R1, I’d assess the strength of the move and consider taking profits if the price struggled to break through. Stop losses would be strategically placed below support levels to manage risk. It's essential to also pay attention to market news and sentiments that could influence Dogecoin's price.
JUPUSDT.1HAnalyzing the 1-hour JUP/USDT chart:
Trend: The overall trend appears to be bullish, as indicated by the recent higher highs and higher lows. However, the latest candles show a pullback from the high.
Resistance Levels (R1, R2): The first resistance level is at 1.0854 USDT (R1), and the next is at 1.3169 USDT (R2). These are prices at which the asset has previously encountered selling pressure.
Support Levels (S1, S2): There are support levels at 0.8612 USDT (S1) and 0.7246 USDT (S2). If the price continues to decline, these levels may act as areas where buyers could step in.
MACD (Moving Average Convergence Divergence): The MACD line is very close to the signal line, indicating that momentum is somewhat neutral with a slight bullish bias, but the convergence suggests that momentum may be waning.
RSI (Relative Strength Index): The RSI is around 55, which is neither overbought nor oversold, suggesting that there may be room for the price to move in either direction without immediate pressure from these extremes.
Conclusion:
Given the current chart setup, I would consider the current pullback as a potential entry point for a long position, especially if the price approaches the S1 level and shows signs of support. However, the proximity of the MACD lines indicates that I would need to be cautious and set a stop loss below the support level to manage the risk. If the price reverses and begins to move upwards, I would look to R1 as an initial target where I might take partial profits or assess the strength of the upward momentum. A break above R1 could indicate the potential to reach R2, depending on the volume and buying pressure observed at that time. As always, it's crucial to keep an eye on both technical indicators and market news that could affect the sentiment and direction of the price action.
CVPUSDT.1DThis daily chart for Concentrated Voting Power (CVP) against Tether (USDT) displays a pullback after a significant price surge.
Resistance Levels (R1, R2): Resistance levels have been set at 0.7517 USDT (R1) and 0.9644 USDT (R2). The R1 level might serve as a target for any upward moves or as an area to potentially take profits.
Support Levels (S1, S2, S3): The chart identifies three support levels: 0.5772 USDT (S1), 0.4957 USDT (S2), and 0.3792 USDT (S3). These levels could act as potential areas where buying pressure might prevent further price declines.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, but the histogram suggests that the bullish momentum is decreasing as the bars are declining.
RSI (Relative Strength Index): The RSI is just above 70, indicating that the asset may be entering overbought territory. This can suggest a potential pullback or consolidation could be forthcoming.
Conclusion:
Given the current position of the RSI and the declining MACD histogram, I would be on the lookout for a potential retracement or consolidation. The support level at S1 might offer an entry point for a long position if the price shows signs of stabilization or a bounce. However, I would remain cautious due to the possibility of a deeper pullback given the overbought RSI. A break below S1 could see the price head towards S2, and I would adjust my strategy accordingly. In any case, setting a stop loss just below the support levels would be prudent to manage risk. As always, it's essential to integrate the technical analysis with market news and other fundamental analyses to make informed trading decisions.