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#US DOLLAR ANALYSIS
The US dollar has broken down from a rising wedge pattern with significant volume and has successfully retested the breakdown. It is currently trading above the 100MA, which is acting as a key support level.
A bounce from this level could lead to a short-term recovery, while a breakdown below the 100MA may trigger further downside momentum. Keep an eye on this critical level for the next move.
Given the dollar's inverse correlation with the cryptocurrency market, a decisive move in its price could significantly influence broader market trends.
The US dollar has broken down from a rising wedge pattern with significant volume and has successfully retested the breakdown. It is currently trading above the 100MA, which is acting as a key support level.
A bounce from this level could lead to a short-term recovery, while a breakdown below the 100MA may trigger further downside momentum. Keep an eye on this critical level for the next move.
Given the dollar's inverse correlation with the cryptocurrency market, a decisive move in its price could significantly influence broader market trends.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending triangle pattern and is currently rebounding from the horizontal demand zone.
The Ichimoku Cloud is acting as a resistance barrier. A decisive breakout or breakdown is needed to confirm the next directional move. Keep a close watch.
Bitcoin is consolidating within a descending triangle pattern and is currently rebounding from the horizontal demand zone.
The Ichimoku Cloud is acting as a resistance barrier. A decisive breakout or breakdown is needed to confirm the next directional move. Keep a close watch.
#SOL/USDT ANALYSIS
SOL is consolidating within an ascending channel pattern and is currently trading above the support trendline. This level could act as a rebound zone, potentially leading to an upward move.
However, the Ichimoku Cloud is acting as a resistance barrier above the price action, which may limit upside momentum.
A breakdown below the channel’s support trendline would signal further correction and downside movement. Keep an eye on key levels for confirmation.
SOL is consolidating within an ascending channel pattern and is currently trading above the support trendline. This level could act as a rebound zone, potentially leading to an upward move.
However, the Ichimoku Cloud is acting as a resistance barrier above the price action, which may limit upside momentum.
A breakdown below the channel’s support trendline would signal further correction and downside movement. Keep an eye on key levels for confirmation.
NEW: 🇯🇵 Metaplanet buys another 68.59 #Bitcoin for $6.6 million and now hodls 2100 $BTC, 0.01% of total supply. 🤯
BREAKING: 🇮🇳 Kraken plans to resume India operations after FIU ban in early 2024.
X (formerly Twitter)
Crypto India (@CryptooIndia) on X
BREAKING: 🇮🇳 Kraken plans to resume India operations after FIU ban in early 2024.
LONG $BTC
Buy with half now and half at limit 93854
FOW triggered 90 degree pump.
Invalidation is H4 candle close below the last low i.e either it makes the wedge invalid.
Buy with half now and half at limit 93854
FOW triggered 90 degree pump.
Invalidation is H4 candle close below the last low i.e either it makes the wedge invalid.
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#INJ/USDT ANALYSIS
INJ is rebounding from the support trendline of the descending broadening wedge pattern, showing signs of potential upward momentum. However, the 100MA is acting as a key resistance barrier above the price action.
A decisive breakout above both the 100MA and the pattern’s resistance trendline would confirm a bullish trend, paving the way for further gains. Stay alert for a breakout confirmation.
INJ is rebounding from the support trendline of the descending broadening wedge pattern, showing signs of potential upward momentum. However, the 100MA is acting as a key resistance barrier above the price action.
A decisive breakout above both the 100MA and the pattern’s resistance trendline would confirm a bullish trend, paving the way for further gains. Stay alert for a breakout confirmation.
Forwarded from Platinum VIP Future Calls
#SNX/USDT BUY SETUP
SNX is consolidating within a large falling wedge pattern and is currently trading above the main support trendline.
A potential bounce from this level or a breakout above the 21MA and the wedge’s resistance trendline could trigger a strong bullish rally. Keep a close watch for a decisive move.
SNX is consolidating within a large falling wedge pattern and is currently trading above the main support trendline.
A potential bounce from this level or a breakout above the 21MA and the wedge’s resistance trendline could trigger a strong bullish rally. Keep a close watch for a decisive move.