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Technical Analysis: Bitcoin (BTC/USDT) continues to maintain a bullish structure as it stays above the Bullish Ribbon. This indicator shows a strong upward momentum, with the price maintaining higher lows and bouncing off key support levels. The recent breakout above 65,000 has further solidified this bullish stance, making it an essential support level that...

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Technical Analysis: 1. Descending Triangle and Key Support Levels: DOGE/USDT is currently trading within a descending triangle pattern, forming lower highs, indicating persistent selling pressure. This pattern is often a bearish continuation signal, but it can also lead to a bullish reversal if the price action changes. The key support level within this...

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Technical Analysis: 1. Double Bottom Formation and Reversal Signal: GALA/USDT has formed a double bottom pattern around the $0.01540 level, indicating a strong support zone and a potential reversal from the previous downtrend. This pattern is a classic bullish reversal signal, showing that buyers have stepped in at this level twice to stop the...

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Technical Analysis: 1. Bullish Structure with Price Above EMAs: The price is currently above the EMAs, showing strong bullish momentum. The EMAs are trending upwards, acting as dynamic support, and reinforcing the bullish structure. A potential break and retest of the $200 resistance level is key. If this level is successfully broken, the bullish...

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Technical Analysis: 1. Bullish Setup Confirmed by Engulfing Candle: The bullish engulfing candle, followed by a retest of resistance turned support, confirms the bullish setup for HNT/USDT. This indicates strong buying interest as the price breaks through previous resistance levels. The structure is clearly bullish, supported by the EMAs which are...

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Technical Analysis: 1. Bullish Momentum Supported by EMAs: The price is trading above the EMAs, which have turned upward, signaling a shift towards bullish momentum. This alignment of the EMAs supports the idea that the market structure is now favoring buyers. The EMAs are providing dynamic support, keeping the price within a bullish trajectory. As...

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Technical Analysis: 1. Current Price Below EMAs: The price is currently trading below the EMAs, signaling a bearish sentiment. This alignment suggests that the bears are in control, with momentum pushing the price lower. The bearish structure is reinforced by the fact that the price broke and retested a key support level, now acting as resistance. This...

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Technical Analysis: 1. Key Support and Resistance Levels: The price is approaching a key support zone at $55,000, which has acted as a crucial level in previous bounces. A hold at this level could signal a potential bullish reversal. On the other hand, the $65,000 resistance level serves as the next critical barrier for the price to break. A confirmed...

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Technical Analysis: 1. Price Rebound and Market Structure: The price action shows a clear bullish rebound within a significant demand zone, aligning with the 61.8% - 78.6% Fibonacci retracement levels of the previous bullish impulse. This area has historically acted as a strong support, and the current price movement suggests a potential continuation to...

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On the the 4H chart, SUSHI is forming a downward price movement channel amid the recent collapse in the price of Bitcoin. The cryptocurrency is down nearly 30 percent since reaching its all-time high. In addition, SUSHI has returned to the accumulation zone, which began to form back in early January. Usually a long consolidation of the asset in such a zone ends...

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Cosmos (ATOM) has moved within the horizontal channel boundaries for almost a month. The asset is currently in the accumulation zone before the next expected asset’s growth wave will happen. The RSI indicator is below 50 on the 4H chart, which indicates a continuation of the short-term downward movement. However, it makes sense to secure a long position on ATOM...

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NEAR, like almost any top 100 altcoin by market cap, reacted very sharply to the recent fall of Bitcoin. Such a strong drop of the first cryptocurrency may well lead to another market correction, and as such, one should be very careful with long positions. Nevertheless, in this situation it makes sense to buy back the dip and open a long position to benefit from a...

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In just a few days, NuCypher has demonstrated impressive growth as the price of the asset has increased almost threefold. Such growth cannot persist without a short-term correction, which has already begun on the 4H chart. According to its RSI indicator, the coin has begun to move out of the overbought zone. The chart has also managed to roll back to 0.618...

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Since the beginning of 2021 ICON (ICX) has been in an uptrend (marked on the chart). The altcoin’s growth is also mirrored by its RSI indicator, which to-date has approached the level of 50. Given the location of its Fibonacci lines and based on the last growth impulse, we can anticipate a decline of ICX to the trendline followed by the continuation of growth in...

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1INCH is currently in an uptrend as the recent dip in Bitcoin’s (BTC) price has subsequently caused the coin to fall to its first buy zone as marked on the chart below. Given the relatively high probability of another BTC price drop in the near term, 1INCH may once again undergo another correction. In this case, we recommend keeping in mind the possibility of an...

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The asset came close to the resistance at the level of the previous local maximum. At the same time on the 4-hour timeframe chart is forming an ascending triangle. Since the YFI is in a clear uptrend, this pattern usually indicates a continuation of the bullish movement. Before the final upward impulse, a pullback to the bottom of the triangle is likely to occur,...

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ROSE does not display a clear trend direction so far, the altcoin is trading in a horizontal channel. In this case, the best strategy would be to identify key horizontal levels for placing a buy order and locking in profits. On the chart, the former are marked with green zones and the latter with red. The RSI and MACD technical indicators also do not show the...

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Let's have a look at the 4-hour timeframe to understand the medium-term picture of the price movement of an asset. The targets for fixing profits on the AVAX movement in a current bearish trend are marked in red on the chart. At the moment, the coin is in the buy zone, so you can place Market Orders if you are confident in AVAX's growth. A confident break out of...