1INCHUSDT is testing the dynamic resistance inside the descending channel, which is a technical analysis term that refers to a trend line drawn along a series of recent highs that act as a resistance level for the price. A descending channel is a chart pattern that is characterized by a series of lower highs and lower lows. The dynamic resistance line is created...
EUR/JPY after breaking above the daily resistance and reaching the 143.500 resistance level has tested the 0.5 Fibonacci level and retested the resistance level, a potential strategy would be to wait for a break above the resistance level to confirm the bullish momentum. Once the price breaks above the resistance level, the trader could set a long order with a...
GRTUSDT is creating a pennant below the 4-hour resistance level, following a previous bull run. A pennant is a technical chart pattern that is formed when the price moves within converging trendlines, forming a symmetrical triangle shape. The pattern is characterized by a sharp price move in either direction, followed by a consolidation phase where the price...
The price of the asset is currently testing the 0.1051 key level on the daily time frame. The next supply area is located at 0.1277, where there may be resistance to further price increase. Supply refers to the area on a chart where there may be increased selling pressure and resistance to price increases. It is typically indicated by a buildup of sell orders...
LINKUSDT is testing a key level at the $9.1 area, where the market has previously encountered resistance. This level is important because it has acted as a significant point of resistance in the past, and traders will be closely watching the price action to see if the level is broken. If the price of LINKUSDT is able to break through this key level and establish...
Currently, the price of SANDUSDT is testing the 0.786 Fibonacci level as resistance and has experienced its first rejection from the $0.9 resistance level. The 0.786 Fibonacci level is a commonly used level in technical analysis and is considered a significant level of resistance. In the case of SANDUSDT, the 0.786 Fibonacci level is acting as a significant...
Currently, the price of FTMUSDT is attempting to break out of a descending channel after a clear retest of the 0.5 Fibonacci level. A descending channel is a technical pattern in which the price of an asset moves downwards between two parallel trend lines. The upper trend line acts as a resistance level, while the lower trend line acts as a support level. The...
GBPUSD has recently experienced a drop and retested the 0.5 Fibonacci retracement level, exactly where the last supply area was The price created a spike to grab liquidity at the 0.618 Fibonacci level before dropping lower over a support level. This indicates that there may be some bearish pressure in the market. If the price breaks below the support level, it...
GBPCAD pair is currently in a downtrend, with a series of lower lows and lower highs on the 4-hour chart. The market tested a previous higher low and rejected the bulls' attempt, and the price is currently trading above a daily support level after testing a supply zone. The Perice attempted to break a 4-hour resistance level during the last bullish move but was...
The GBPCHF currency pair is currently in a bearish trend on the daily chart, as indicated by the formation of descending highs and equal lows. This price action suggests that there is strong downward momentum and that the bears are in control of the market. Price has been consistently trading below a key support area at 1.11000, which is a critical level for this...
Currently, the price of RUNEUSDT is testing a previous support level which has now become a resistance level. This means that the price had previously been supported at this level, but after falling below it, the level now acts as a barrier to further upward movement. As traders, we are waiting for a breakout to occur, which means that the price will move above...
RLCUSDT is currently testing the daily resistance level after breaking out of a descending channel. This indicates that the price is experiencing a bullish trend, and traders may be interested in buying the asset in the hopes of profiting from further price increases. In order for traders to consider taking a long position in RLCUSDT, the price must first create...
As per the previous idea, ETHUSDT had a nice impulse, indicating a potential uptrend in the market. Currently, the price is creating a pennant on a weekly key level, which is a significant level for traders to watch out for. A pennant is a technical chart pattern that is formed when there is a sharp price movement, followed by a consolidation phase and then a...
IOTAUSDT had a breakout from the descending dynamic daily resistance, which is a technical analysis term that refers to a trend line drawn along a series of recent highs that act as a resistance level for the price. After the breakout, the market is now ranging between the daily structures, which are significant levels of support and resistance on the daily...
ZRXUSDT is currently testing a key level on the dynamic support and a static daily support at the 0.23$ area. Traders need to be cautious and wait for a clear reaction from this level before making any trades, as the volume at this level is currently low. A breakout above the previous high at the 0.25$ area would confirm the bullish trend and signal further...
NEARUSDT is currently testing the 0.382 Fibonacci level after a clear bullish impulse from a rounded bottom pattern, as previously indicated. The market is now testing the 4-hour support inside a falling wedge formation, which is a bearish reversal pattern that is characterized by a tightening of the price range over time. The falling wedge pattern typically...
ZECUSDT (ZEC), is a privacy-focused digital currency The price is currently testing the 0.618 Fibonacci level, which is a commonly used technical analysis tool in the financial markets. The Fibonacci levels are calculated based on the ratios derived from the Fibonacci sequence and are often used to identify potential support and resistance levels. Local support...
XMRUSDT (XMR is, a privacy-focused digital currency The price of XMRUSDT is currently testing the weekly support level, meaning that it is approaching a key level at which buyers may step in and prevent the price from declining further. This support level acts as a barrier that the price may struggle to penetrate and could be seen as a signal for potential...