We recommend placing your buy orders in the support area, as the price is currently testing a major support zone.
Major Support Area: $0.18182-$0.18000
Bitcoin Dominance is forming a rising wedge pattern on the 4-hour timeframe, which is a positive signal for altcoins. A rising wedge is typically a bearish pattern that often breaks downward. We could see a significant rally in altcoins once the rising wedge breaks.
Bitcoin has once again tested the resistance area and was rejected from it. That was likely the weekend pump, and let's see if BTC can continue its upward movement today. We may witness some volatility in the market when the US market opens.
CKB analysis:
The price is currently trading within a downtrend channel and is reacting to the established support and resistance levels. It has tested the lower support line, and we may see a movement toward the resistance line in the coming days. Consider opening a long position near the support area, but be sure to set a tight stop loss.
Support Area:...
Mask analysis:
Price has broken the support area and retested it. There is a downtrend line acting as a resistance area. This is a no-trading zone, and we will open new positions only if the price is able to break above the downtrend line.
Resistance Area: $1.8-56
