The price action of ETH has followed the analysis almost to perfection, and now it appears poised for an upward movement. I anticipate a brief retest of the 100 SMA at 1'624, which could serve as the optimal entry point. The subsequent targets are 1'640 and 1'650, with the potential for a test of the significant level at 1'680 if momentum persists.
Solana has demonstrated strong performance, with its price rebounding nicely above the 100 SMA, which has now been retested at 19.10. If it maintains this level (as I am inclined to believe), there is potential for a rally towards the 200 SMA at 20.14.
Currently, ETH appears to exhibit short-term bearish tendencies. Despite trading within the narrow range marked in green, it faced rejection at the 100-day SMA. Personally, I lean towards a retest of the 1,600 support level, followed by a potential surge towards 1,680.
After the last call played out perfectly, amidst prevailing bearish sentiment, it's prudent to keep an eye out for a potential technical rebound. This could potentially lead to a test of either the 50-day Simple Moving Average (SMA) at 19.40 or the 100-day SMA at 19.87.
The Solana price appears poised for a potential decline, with the 50-day Simple Moving Average (SMA) at 19.71 being the crucial level that could provide support. Based on weak recent performance, except for the period following the Visa announcement, I personally anticipate a breakdown.
The current market situation presents a somewhat mixed picture, to be frank. We find ourselves trading below the green box, indicating a bearish sentiment, but it's essential to note that we remain within an overall uptrend, which is a bullish sign. There's a likelihood of testing the trendline at around 4,430. On the bullish front, a potential scenario involves...
A brief Ethereum (ETH) update: The price continues to trade within the green box, signifying a consolidation phase where it's moving sideways. The key levels to watch are 1'640 and 1'615, acting as the upper and lower boundaries. A decisive breakthrough of these levels will likely guide us toward the next support or resistance levels indicated by the blue lines.
Solana is trading on support at the bottom of the box. Lose it and is a freeway to high 17s. If it holds we can see a rally to test 22 again. No trading zone here.
Tesla's trajectory is remarkably aligned with specific Fibonacci levels. A straightforward yet potentially effective strategy emerges: A decisive breach beyond 240 would pave the way for an upward progression towards 264. Conversely, a breach below 240 would likely trigger a descent towards 210. Be patient and act accordingly.
Solana's current trading pattern is characterized by sideways movement within the range of 19.7 to 20.4. The next significant price shift hinges on a breakout or breakdown from this range. In my analysis, there is a favorable inclination towards an upward movement. It's worth noting that a breach of the 19.7 mark followed by a test of 21.6 appears to be the most...
The price executed a smooth liquidity absorption precisely as projected, then proceeded to probe the frequently highlighted zone at 21.6. We're at a crucial crossroads now: a breakdown could usher in a return to the lower 20s, while a resilient hold (which appears more probable) would pave the way for an upward movement to 23.5, testing the 200 SMA.
Nice hold of the green box for the S&P, a breach of it would have brought the price target as down as 4'150. We could expect 4'410 to act as resistance now, a break of it would bring us back in the upper green box with the possibility of targeting 4'500.
Tesla's current trajectory suggests a bearish sentiment taking hold, hinting at a forthcoming test of the pivotal 200-SMA at USD 220. A decisive breach of this level could open the door to an initial target at 210, and if the bulls falter there, the spotlight may turn towards the 180 mark as the next potential support zone.
Doge is currently testing the recent upward trend. If it holds around 0.738, potential for uptrend continuation to 0.77. A breakout could catapult it to 0.79.
BTC's current trend leans bearish, possibly leading to a test of 28,840. A clear break and retest of the 29,600 (200 SMA) is the key to a bullish shift. Revisiting 28,260 remains likely and could signal an optimal entry for the upcoming bull run.
Solana's trading pattern has been consistently oscillating within the range of 22.5 to 24.0. Notably, there have been opportune dips around 22.3, presenting favorable buying opportunities for long scalping strategies. Despite this, our trading approach will remain within the confines of this range until a breakthrough occurs beyond the green box. One scenario...
Doge's current configuration suggests a favorable opportunity for an upward trajectory. Levels: 0.79¦ 0.77 0.74 ¦0.72 A breach of the 0.77 level could propel it towards a rally reaching 0.79. Conversely, in a downside scenario, a breach below 0.74 might lead to a descent towards the 0.72 mark.
The current trajectory of the BTC price suggests an inclination towards testing the 200-day Simple Moving Average at 29,770. While this possibility holds merit, it's prudent to acknowledge the likelihood of a subsequent rejection. In this context, a deliberate examination of the 28,260 level seems imperative before any substantial upward movement can be envisaged. NFA