#ALTS MARKET CAP ANALYSIS
The ALTS market cap is consolidating within a descending triangle pattern and is currently rebounding from the horizontal demand zone.
The Ichimoku cloud is acting as resistance above the price action, indicating bearish momentum. We need to watch for a successful breakout or breakdown.
A breakout would signal a bullish trend in the ALTS market, while a breakdown would indicate a bearish trend. Keep an eye on this development.
The ALTS market cap is consolidating within a descending triangle pattern and is currently rebounding from the horizontal demand zone.
The Ichimoku cloud is acting as resistance above the price action, indicating bearish momentum. We need to watch for a successful breakout or breakdown.
A breakout would signal a bullish trend in the ALTS market, while a breakdown would indicate a bearish trend. Keep an eye on this development.
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern, which often signals a potential breakout or breakdown. The price is positioned above a significant horizontal demand zone, indicating that there is buying interest at this level.
The 200-day moving average is providing strong support, suggesting that there is a substantial amount of momentum below the triangle.
On the other hand, the Ichimoku cloud acts as a resistance, creating a barrier for upward movement. To determine the next significant move, it is crucial to wait for a clear and confirmed breakout above the resistance or a breakdown below the support. This will provide a more definitive direction for Bitcoin's future price action.
Bitcoin is currently trading within a descending triangle pattern, which often signals a potential breakout or breakdown. The price is positioned above a significant horizontal demand zone, indicating that there is buying interest at this level.
The 200-day moving average is providing strong support, suggesting that there is a substantial amount of momentum below the triangle.
On the other hand, the Ichimoku cloud acts as a resistance, creating a barrier for upward movement. To determine the next significant move, it is crucial to wait for a clear and confirmed breakout above the resistance or a breakdown below the support. This will provide a more definitive direction for Bitcoin's future price action.
#REI/USDT ANALYSIS
REI is currently rebounding from the support trendline of its descending channel. However, the Ichimoku cloud is providing resistance just above the price action.
A breakout above both the channel and the Ichimoku cloud would signal bullish confirmation.
Conversely, a failure to break through could result in a decline from this level.
REI is currently rebounding from the support trendline of its descending channel. However, the Ichimoku cloud is providing resistance just above the price action.
A breakout above both the channel and the Ichimoku cloud would signal bullish confirmation.
Conversely, a failure to break through could result in a decline from this level.
#TOTAL MARKET CAP ANALYSIS
The total market cap has recently broken down from a symmetrical triangle pattern and is currently consolidating below this formation. This suggests a potential shift in market sentiment. Notably, the 200MA is providing crucial support beneath the current price action.
If the total market capitalization breaks below the 200MA, it could signal a more pronounced market correction, leading to a further decline in market values. Such a breach would indicate weakening momentum and could prompt additional selling pressure.
Conversely, if the market cap fails to retest, and breakout the triangle, it may continue to consolidate within this pattern. This would suggest a period of indecision, where the market is neither gaining significant upward momentum nor experiencing substantial declines. The market may continue to move sideways, potentially gaining strength for the next significant move.
The total market cap has recently broken down from a symmetrical triangle pattern and is currently consolidating below this formation. This suggests a potential shift in market sentiment. Notably, the 200MA is providing crucial support beneath the current price action.
If the total market capitalization breaks below the 200MA, it could signal a more pronounced market correction, leading to a further decline in market values. Such a breach would indicate weakening momentum and could prompt additional selling pressure.
Conversely, if the market cap fails to retest, and breakout the triangle, it may continue to consolidate within this pattern. This would suggest a period of indecision, where the market is neither gaining significant upward momentum nor experiencing substantial declines. The market may continue to move sideways, potentially gaining strength for the next significant move.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle, indicating market indecision and a potentially significant move. The direction remains uncertain, with the Ichimoku cloud acting as a resistance zone above.
For traders and investors, it's crucial to monitor this pattern closely and wait for a decisive breakout or breakdown.
A successful breakout above the resistance could signal a bullish continuation, while a breakdown below the support might indicate a bearish trend.
Bitcoin is consolidating within a symmetrical triangle, indicating market indecision and a potentially significant move. The direction remains uncertain, with the Ichimoku cloud acting as a resistance zone above.
For traders and investors, it's crucial to monitor this pattern closely and wait for a decisive breakout or breakdown.
A successful breakout above the resistance could signal a bullish continuation, while a breakdown below the support might indicate a bearish trend.
#ETH/USDT ANALYSIS
ETH is currently experiencing a consolidation phase within a descending channel. The price is trading below the resistance trendline of this channel, indicating that the downward pressure is still in play. A significant resistance level is also being reinforced by the 100MA, which is adding to the selling pressure and making it difficult for ETH to break higher.
A successful breakout above the descending channel's resistance trendline, accompanied by a clear move above the 100MA, would suggest a potential reversal and an upward trend. Such a breakout would need to be confirmed by strong trading volume and sustained price action above these resistance levels.
On the other hand, if ETH fails to break above these resistance levels and instead breaks down below the lower trendline of the descending channel, it would signal a continuation of the bearish trend. This breakdown would likely lead to further downside.
ETH is currently experiencing a consolidation phase within a descending channel. The price is trading below the resistance trendline of this channel, indicating that the downward pressure is still in play. A significant resistance level is also being reinforced by the 100MA, which is adding to the selling pressure and making it difficult for ETH to break higher.
A successful breakout above the descending channel's resistance trendline, accompanied by a clear move above the 100MA, would suggest a potential reversal and an upward trend. Such a breakout would need to be confirmed by strong trading volume and sustained price action above these resistance levels.
On the other hand, if ETH fails to break above these resistance levels and instead breaks down below the lower trendline of the descending channel, it would signal a continuation of the bearish trend. This breakdown would likely lead to further downside.
#US DOLLAR ANALYSIS
The US dollar is currently being rejected by the resistance trendline of a symmetrical triangle pattern, while the 21MA below the triangle is acting as support.
We need to wait for a successful breakout or breakdown to confirm the US dollar's next move. It's also important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.
The US dollar is currently being rejected by the resistance trendline of a symmetrical triangle pattern, while the 21MA below the triangle is acting as support.
We need to wait for a successful breakout or breakdown to confirm the US dollar's next move. It's also important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.
#BTC/USDT ANALYSIS
Bitcoin has recently broken out of the descending broadening wedge pattern with significant volume, signaling a potential shift in market sentiment towards a bullish trend.
The 50-day moving average (50MA) is currently acting as a strong support level, further indicating bullish momentum.
However, for this upward movement to be confirmed, we need to wait for a successful retest of the breakout level. A successful retest, where the price revisits and holds above the breakout level or the 50MA support, would provide the necessary confirmation that the new support level is solid and that the bullish momentum is likely to continue.
Bitcoin has recently broken out of the descending broadening wedge pattern with significant volume, signaling a potential shift in market sentiment towards a bullish trend.
The 50-day moving average (50MA) is currently acting as a strong support level, further indicating bullish momentum.
However, for this upward movement to be confirmed, we need to wait for a successful retest of the breakout level. A successful retest, where the price revisits and holds above the breakout level or the 50MA support, would provide the necessary confirmation that the new support level is solid and that the bullish momentum is likely to continue.
JUST IN: 🇯🇵 Japanese public company Metaplanet buys another ¥200 million worth of #Bitcoin
Binance Will Extend the Monitoring Tag to Include BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT & SUN and Remove the Monitoring Tag for MLN & ZEN on 2024-07-01
https://www.binance.com/en/support/announcement/782b121c462b499487dc8f20e0edc6b2
https://www.binance.com/en/support/announcement/782b121c462b499487dc8f20e0edc6b2
Binance
Binance Will Extend the Monitoring Tag to Include BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT & SUN and Remove the Monitoring…
Binance will extend the Monitoring Tag to include more tokens on 2024-07-01.
#BETA/USDT ANALYSIS
BETA is experiencing a sharp rebound from the support trendline of its descending channel, with the 100-day moving average providing additional support beneath the price action. For a strong bullish confirmation, we need to wait for a successful breakout above the channel.
A breakout would signal a potential shift in momentum, indicating the possibility of a sustained upward movement in the price.
BETA is experiencing a sharp rebound from the support trendline of its descending channel, with the 100-day moving average providing additional support beneath the price action. For a strong bullish confirmation, we need to wait for a successful breakout above the channel.
A breakout would signal a potential shift in momentum, indicating the possibility of a sustained upward movement in the price.
Bitcoin average return in July is +7.42%.
What are your expectations for the month that has just begun?
What are your expectations for the month that has just begun?
Anonymous Poll
41%
5-10%
22%
15-20%
13%
25-30%
24%
More than 30%
#USDT DOMINANCE ANALYSIS
USDT.D is encountering resistance at the horizontal boundary of its ascending triangle pattern, with the 21-day moving average providing support. If the 21MA support is breached, it could signal a downward movement in USDT.D. We can see a bullish rally in the crypto market.
It's important to remember that USDT.D's movements are inversely correlated with the broader cryptocurrency market, making this a crucial moment for traders and investors to monitor.
USDT.D is encountering resistance at the horizontal boundary of its ascending triangle pattern, with the 21-day moving average providing support. If the 21MA support is breached, it could signal a downward movement in USDT.D. We can see a bullish rally in the crypto market.
It's important to remember that USDT.D's movements are inversely correlated with the broader cryptocurrency market, making this a crucial moment for traders and investors to monitor.
#BTC/USDT ANALYSIS
Bitcoin is exhibiting a promising consolidation within a bull flag pattern, with prices rebounding from the support trendline.
The Ichimoku cloud further reinforces this bullish sentiment by providing additional support, indicating sustained upward momentum.
A breakout above the bull flag pattern would serve as a robust confirmation of continued bullishness, potentially signaling a strong upward move.
However, if Bitcoin falls below the support trendline of the flag, this would invalidate the pattern, suggesting a potential shift in market sentiment and a possible downturn.
Bitcoin is exhibiting a promising consolidation within a bull flag pattern, with prices rebounding from the support trendline.
The Ichimoku cloud further reinforces this bullish sentiment by providing additional support, indicating sustained upward momentum.
A breakout above the bull flag pattern would serve as a robust confirmation of continued bullishness, potentially signaling a strong upward move.
However, if Bitcoin falls below the support trendline of the flag, this would invalidate the pattern, suggesting a potential shift in market sentiment and a possible downturn.