Edward_Fibonacci

Edward_Fibonacci

Hello dear investors! Looking at the 4H chart of SOLUSDT, I see that the long-term uptrend is starting to weaken. Most recently, the important support structure around 142.74 has been broken and the EMA 34 and EMA 89 are also gradually turning down, confirming that the downtrend is dominant. In my opinion, if SOLUSDT continues to fail to break through this new...

Edward_Fibonacci

Hello, my dear friends! What do you think about BTCUSDT? Today, BTCUSDT continues to maintain stability around the $60,976 mark and has not changed much in price compared to the last 2 days. The downtrend remains consolidated as it remains limited below the $62,000 resistance. Therefore, Edward here remains pessimistic and maintains his long-term bearish...

Edward_Fibonacci

Hello everyone! ETH/USDT is in a strong downtrend after forming a rounding top pattern. With selling pressure increasing and the EMAs above the price, I expect ETH to continue to correct and possibly test lower support levels, especially $2,280 and $2,150 in the near term.

Edward_Fibonacci

Dear traders, after failing to break the strong resistance level, XRP has started to retrace, falsely breaking out of the uptrend channel. This occurrence usually determines our medium-term outlook. Currently, the short-term support level of 0.5200 is being tested, and if it fails to hold, there is a high probability that the price will continue to decline...

Edward_Fibonacci

BTCUSD is currently trading around $61,200 and is expected to decline further. Technical analysis shows that: With the long-term falling resistance line, the market is under strong selling pressure. Moreover, the convergence of the EMA and the resistance zone at $62,000 further indicates the possibility of further decline. If BTCUSD breaks below the strong...

Edward_Fibonacci Updated 

Hello everyone, let's ponder on the development of BTCUSDT: will it go up or down? Here are some insights and analysis from Edward to Bitcoin. Looking at the chart, it seems that the long-term uptrend of BTCUSDT is showing signs of weakening, especially as it started to decline from the high near $66,520 and broke the $62,650 support level, indicating that buying...

Edward_Fibonacci

Dear Friends! As we predicted yesterday, BTCUSDT has weakened significantly below 62,000, with sellers actively holding the price. It is currently hovering around 61,070 and is expected to decline further, despite the short-term resilience as indicated by the flat 34.89 EMA. Investors may continue to consider selling today and target profit taking at 59,200 and...

Edward_Fibonacci Updated 

Hello everyone, what do you think about ETHUSDT today? Currently, ETHUSDT is still in a downtrend after the pair formed a double top pattern and started to decline further with confluence signals and the price remaining below the 34 EMA. One of the main factors contributing to the recent price decline is the significant outflow from Ethereum-based ETFs,...

Edward_Fibonacci

Dear traders! Overall, ETHUSDT extended its technical decline since the price failed to clear the psychological resistance at 162.00, currently trading around 147.82, recovering slightly by 1.82% on the day. Looking at the technical analysis chart, ETHUSDT appears to be forming a 'cup and handle' pattern, reinforced by the bearish signal from the 34 EMA and the...

Edward_Fibonacci

Hello traders! As we anticipated yesterday, after gaining strength from the cup pattern, Bitcoin dropped sharply, breaking below the $62,000 support level and falling over 6.18% today. This pullback, despite the overall bullish mood recently, was driven mainly by overleveraged positions and the classic “buy the rumor, sell the news” scenario, especially following...

Edward_Fibonacci Updated 

Dear Friends, Currently, I am watching the ETHUSDT pair as it prepares to test the RSI indicator above the Bollinger Band, which is acting as short-term support. ETH price is hovering around $2,639, and if the bullish momentum continues, we could see it bounce towards the upper limit of the Bollinger Band. However, with the sideways signs from the Bollinger Band,...

Edward_Fibonacci Updated 

Dear traders, After the recent decline, Bitcoin has bounced back to $63,700. Despite positive signals from Fed Chairman Powell hinting at further interest rate cuts, the cryptocurrency has not received support, as seen from the setup on the 1-hour timeframe. The main reason for this drop is the reaction to a technical correction trend, with the price remaining...