$BTC remains caught between the 50-week SMA and the May high. The range continues.
#Bitcoin
#Bitcoin
#S&P 500 ANALYSIS
The S&P 500 is facing rejection from the horizontal supply zone of the ascending triangle while continuing to hold above the patternβs support trendline.
The Ichimoku cloud is acting as a key support zone, reinforcing the potential for a rebound from the triangleβs lower boundary.
A successful bounce could push the index back toward resistance. Keep a close eye on upcoming price action for confirmation.
Given its strong correlation with crypto, the S&Pβs next move will be key in shaping overall risk sentiment.
The S&P 500 is facing rejection from the horizontal supply zone of the ascending triangle while continuing to hold above the patternβs support trendline.
The Ichimoku cloud is acting as a key support zone, reinforcing the potential for a rebound from the triangleβs lower boundary.
A successful bounce could push the index back toward resistance. Keep a close eye on upcoming price action for confirmation.
Given its strong correlation with crypto, the S&Pβs next move will be key in shaping overall risk sentiment.
If $LINK can hold a higher low in this pullback, the next rally should take the price to the upper boundary line of the range around the $22 area.
#Chainlink
#Chainlink
π Top Trending Coins (Today)
1. DACITY
2. PRL
3. BTC
4. INJ
5. PENGU
6. QTC
7. STRK
8. MON
9. NEAR
10. TIA
11. ZEC
12. CARDS
13. LIT
14. PUMP
15. AERO
1. DACITY
2. PRL
3. BTC
4. INJ
5. PENGU
6. QTC
7. STRK
8. MON
9. NEAR
10. TIA
11. ZEC
12. CARDS
13. LIT
14. PUMP
15. AERO
$UNI has reached key support. I am watching 2 support zones that the bulls could use to start a bounce.
#Uniswap
#Uniswap
π Bitcoin sellers may be showing signs of capitulation again.
Previous spikes in loss-taking during early August, mid-August, and mid-September coincided with local market bottoms. Meanwhile, profit-taking has slowed since the September high.
If this pattern repeats, yesterdayβs wave of selling just above $80K could mark a local floor for BTC. π
π The key now is whether buyers step in and defend the $80K zone. A sustained recovery would strengthen the case for a local bottom, but confirmation is still needed.
Previous spikes in loss-taking during early August, mid-August, and mid-September coincided with local market bottoms. Meanwhile, profit-taking has slowed since the September high.
If this pattern repeats, yesterdayβs wave of selling just above $80K could mark a local floor for BTC. π
π The key now is whether buyers step in and defend the $80K zone. A sustained recovery would strengthen the case for a local bottom, but confirmation is still needed.
π Top Trending Coins (Today)
1. Q
2. NEAR
3. PENGU
4. SUI
5. STRK
6. QTC
7. QNT
8. PRL
9. BTC
10. BTW
11. MON
12. TIA
13. ONDO
14. ZEC
15. AVAX
1. Q
2. NEAR
3. PENGU
4. SUI
5. STRK
6. QTC
7. QNT
8. PRL
9. BTC
10. BTW
11. MON
12. TIA
13. ONDO
14. ZEC
15. AVAX
#BTC/USDT ANALYSIS
Bitcoin continues to consolidate within the descending triangle pattern, trading below the resistance trendline.
The Ichimoku cloud is acting as a key resistance barrier, keeping bullish momentum in check.
A solid breakout above the triangle resistance and the cloud could signal a bullish recovery, while a breakdown below the triangle support could trigger further downside. Wait for confirmation of the next directional move.
Bitcoin continues to consolidate within the descending triangle pattern, trading below the resistance trendline.
The Ichimoku cloud is acting as a key resistance barrier, keeping bullish momentum in check.
A solid breakout above the triangle resistance and the cloud could signal a bullish recovery, while a breakdown below the triangle support could trigger further downside. Wait for confirmation of the next directional move.
$AVGO
Broadcom is tracking a 1-2 setup to the downside as long as price stays below major resistance
Elliott Wave Analysis
#Broadcom
Broadcom is tracking a 1-2 setup to the downside as long as price stays below major resistance
Elliott Wave Analysis
#Broadcom
EIGEN has pulled back after the sharp impulse high near 0.2800. Price is currently trading around 0.2408, sitting just below the 0.618 Fib and the lower edge of the highlighted resistance zone.
Key Levels
Resistance zone: 0.2450 β 0.2510 (0.618 & 0.5 Fib confluence + previous structure)
Immediate support: 0.2300 β 0.2320
Deeper demand zone: 0.2220 β 0.2280 (green box)
Ascending dashed trendline support still intact from the lower left
Current Bias
Price is testing the underside of the 0.618 Fib after failing to hold above the mid-range. The red projected path shows a potential liquidity grab lower into the green demand zone before any meaningful recovery attempt.
Scenarios
Bearish continuation (preferred short-term)
Rejection from 0.2450β0.2510 zone
Targets: 0.2300 β 0.2250 β 0.2220
Invalidation: Clean break and close above 0.2510
Bullish recovery
Strong bounce from the green demand zone (0.2220β0.2280) with volume
Targets: 0.2450 β 0.2510 β previous local highs.
Key Levels
Resistance zone: 0.2450 β 0.2510 (0.618 & 0.5 Fib confluence + previous structure)
Immediate support: 0.2300 β 0.2320
Deeper demand zone: 0.2220 β 0.2280 (green box)
Ascending dashed trendline support still intact from the lower left
Current Bias
Price is testing the underside of the 0.618 Fib after failing to hold above the mid-range. The red projected path shows a potential liquidity grab lower into the green demand zone before any meaningful recovery attempt.
Scenarios
Bearish continuation (preferred short-term)
Rejection from 0.2450β0.2510 zone
Targets: 0.2300 β 0.2250 β 0.2220
Invalidation: Clean break and close above 0.2510
Bullish recovery
Strong bounce from the green demand zone (0.2220β0.2280) with volume
Targets: 0.2450 β 0.2510 β previous local highs.