Ethereum is currently forming a Falling Wedge, leaving room for the realization of the Inverse Head and Shoulders (IHS) pattern. At the moment, there is space for two more weekly candles within the Falling Wedge, with the potential for price to find support in the red box below. From that point, a bounce is expected, leading to a breakout from the wedge and...
Technical Analysis for VANRY/USDT The chart depicts a 3-day timeframe, highlighting a Descending Channel that has guided the price movement consistently lower. Within this channel, a more compact pattern, known as a Falling Wedge, has emerged, which is often considered a bullish formation with the potential for an upward breakout. Key Highlights of the...
Descending Resistance Line Testing: The price is approaching a critical descending resistance line. This line has acted as a ceiling multiple times, and each touch weakens its strength. The current proximity suggests a potential breakout if the price gains momentum. 2. Strong Descending Channel: The price has been moving within a well-defined descending channel....
In the Bitcoin/US Dollar Index (BTC/DXY) chart, an intriguing scenario is unfolding. Bitcoin has lost its 10-week moving average (MA) as support, signaling potential short-term weakness. However, the key support lies at the 21-week MA, currently positioned near the 78,000 USD level, which also aligns with a critical zone of significant liquidation...
The price is currently testing a critical daily support box at 0.43. Bullish Scenario: If the price manages to hold this level, it could signal a potential reversal and increase the probability of a breakout. Bearish Scenario: Failure to hold this box would likely send the price to the next key support zone around 0.33. The RSI (14) is trending downward,...
HOOK/USDT Technical Analysis The chart shows an important support zone (box) between $0.388 - $0.358. This level is critical for maintaining the bullish structure. If the price holds above this zone, there is potential for a rebound toward the $0.45 resistance, aligning with key moving averages (SMA 55 and SMA 89). The recent breakdown below the trendline...
Technical Analysis for DNX/USDT - Key Retest and Support Zones The DNX/USDT chart indicates a descending channel pattern, suggesting a prolonged consolidation phase. Key levels to monitor for potential retests include: Support Zone at the Lower Trendline: The price is approaching the lower boundary of the descending channel, which has acted as a strong support...
Technical Analysis for ONDO/USDT - Key Retest Zones The ONDO/USDT chart highlights two critical zones for potential retests that could play a significant role in determining the next price movement: Support Zone at $1.37: This level represents a crucial area to test the strength of the current trend and may serve as a support for a potential reversal. 21 Moving...
Vanry/USDT - Technical Analysis In this 3-day chart, a descending trendline breakout has been identified, signaling a potential shift to a bullish trend. Key highlights of the analysis are as follows: Support Zone: Around $0.0613 and the highlighted red area serve as strong support, with the price consistently respecting this level in the past. Resistance Zone:...
Technical Analysis of Dione Protocol (DIONE) against Tether (USDT) on a 3-Day Timeframe Key Elements of the Analysis: Fibonacci Pitchfork: Applied to track potential dynamic support and resistance levels, offering a visual framework for future price movements. Trend Lines Identified major support and resistance levels, with focus on a long-term ascending...
Technical Analysis of Cardano (ADA) against Tether (USDT) on a 3-day timeframe on Binance. Price Analysis: - Current price: 1.0848 USDT Key Support and Resistance Zones: - Blue horizontal zone around 1.00 USDT - Yellow horizontal zone around 1.50 USDT - Purple horizontal zone around 2.00 USDT Trend Lines: - White lines indicating possible support and resistance...
The 3-day timeframe Bitcoin (BTC/USDT) chart identifies a pattern where the current market phase mirrors a similar period from a year ago: Historical Context: In December 2023 – January 2024, Bitcoin underwent a consolidation phase, followed by an 88% price increase. Currently, in December 2024 – January 2025, Bitcoin is in a similar consolidation phase,...
Technical Analysis of Render (RNDR/USDT) – Potential Scenarios and Price Projections" This chart presents a detailed technical analysis of RNDR/USDT on the 3-day (3D) timeframe. It highlights key support and resistance levels, accompanied by trend channels and potential price projections. The curved bottom illustrates a historical accumulation phase, followed by...
The chart presents an analysis of DOT/USDT on the 3-day timeframe. The project appears to have undergone a prolonged consolidation phase within a descending channel that has dominated since its all-time high. Key points from the analysis: Descending Channel: DOT has been in a strong downtrend since its peak around $50. The chart shows a test of several key...
RLC/USDT Technical Analysis 📈 This chart presents a clean and structured technical analysis for the RLC/USDT pair on the 1D timeframe. Key focus has been placed on identifying critical support and resistance levels, along with potential trend developments. ✅ Key Levels: Resistance zones: $3.07 and $3.70 Support zones: $2.21 and $1.79 ✅ Trend Insights: The...
RLC/USDT Technical Analysis 📈 This chart presents a clean and structured technical analysis for the RLC/USDT pair on the 1D timeframe. Key focus has been placed on identifying critical support and resistance levels, along with potential trend developments. ✅ Key Levels: Resistance zones: $3.07 and $3.70 Support zones: $2.21 and $1.79 ✅ Trend Insights: The...