The Crypto Express
#CHR mainnet 🚀
#CHR
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Pumped 16% after tweet alert✌️
We share all the important tweet news before anyone else, turn on our post notification and Pin our channel on top📍
#S&P 500 ANALYSIS
The S&P 500 Index is exhibiting strong bullish momentum as it trades above the rising wedge pattern following its recent breakout. Currently, the 21-day moving average is acting as a supportive cushion below the wedge's resistance trendline, reinforcing the index's upward trajectory.
Anticipation of a retest above the wedge is high, a successful test at this level would further confirm the bullish trend and strengthen market sentiment. This convergence of technical indicators suggests robust investor confidence and hints at the potential for continued gains in the near term.
The S&P 500 Index is exhibiting strong bullish momentum as it trades above the rising wedge pattern following its recent breakout. Currently, the 21-day moving average is acting as a supportive cushion below the wedge's resistance trendline, reinforcing the index's upward trajectory.
Anticipation of a retest above the wedge is high, a successful test at this level would further confirm the bullish trend and strengthen market sentiment. This convergence of technical indicators suggests robust investor confidence and hints at the potential for continued gains in the near term.
#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a descending triangle pattern, indicating a period of indecision in the market. Presently it is trading above the triangle's horizontal demand zone, with the 200-day moving average acting as a critical support level, suggesting sustained momentum.
However, the Ichimoku cloud is positioned above the price action, providing a significant resistance barrier.
Traders should watch for a decisive breakout above the resistance or a breakdown below the support to confirm Bitcoin's next directional move. Until such a confirmation occurs, the market is likely to remain in a state of flux.
Bitcoin is currently consolidating within a descending triangle pattern, indicating a period of indecision in the market. Presently it is trading above the triangle's horizontal demand zone, with the 200-day moving average acting as a critical support level, suggesting sustained momentum.
However, the Ichimoku cloud is positioned above the price action, providing a significant resistance barrier.
Traders should watch for a decisive breakout above the resistance or a breakdown below the support to confirm Bitcoin's next directional move. Until such a confirmation occurs, the market is likely to remain in a state of flux.
#TRX/USDT ANALYSIS
TRX is experiencing a robust upward movement following its breakout from the symmetrical triangle pattern. It has successfully surpassed the horizontal resistance zone, signaling a potential continuation of its bullish trend.
The Ichimoku Cloud, along with the 200-day Moving Average (200MA), are both reinforcing this bullish momentum, indicating strong market support.
A successful retest above the resistance zone would further solidify this bullish outlook, providing additional confirmation of TRX's upward trajectory.
TRX is experiencing a robust upward movement following its breakout from the symmetrical triangle pattern. It has successfully surpassed the horizontal resistance zone, signaling a potential continuation of its bullish trend.
The Ichimoku Cloud, along with the 200-day Moving Average (200MA), are both reinforcing this bullish momentum, indicating strong market support.
A successful retest above the resistance zone would further solidify this bullish outlook, providing additional confirmation of TRX's upward trajectory.
NEW: #Bitcoin percentage of supply last active more than three years ago reaches 46.5%, +8.14% YTD.
#BTC DOMINANCE ANALYSIS
BTC.D is currently trading above the 21-day moving average, which is providing key support following the breakdown of a rising wedge pattern and a successful retest.
However, a breakdown below the 21-day moving average would likely signal a shift in market dynamics, providing bullish confirmation for the altcoin market.
Such a move would indicate that capital is flowing from Bitcoin to altcoins, potentially leading to increased strength and performance across various alternative cryptocurrencies.
BTC.D is currently trading above the 21-day moving average, which is providing key support following the breakdown of a rising wedge pattern and a successful retest.
However, a breakdown below the 21-day moving average would likely signal a shift in market dynamics, providing bullish confirmation for the altcoin market.
Such a move would indicate that capital is flowing from Bitcoin to altcoins, potentially leading to increased strength and performance across various alternative cryptocurrencies.
The Crypto Express pinned «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?»
Binance Will Support the BNB Beacon Chain (BEP2) Network Upgrade & Hard Fork
https://www.binance.com/en/support/announcement/83c9e689e6aa4ba29c0e136cb70c0a02
https://www.binance.com/en/support/announcement/83c9e689e6aa4ba29c0e136cb70c0a02
Binance
Binance Will Support the BNB Beacon Chain (BEP2) Network Upgrade & Hard Fork | Binance Announcements,Binance News,BNB Beacon Chain…
Binance will support the BNB Beacon Chain (BEP2) network upgrade and hard fork to ensure the best user experience.
#AKRO/USDT ANALYSIS
AKRO is currently consolidating within a symmetrical triangle pattern and is rebounding from the support trendline of the triangle. The Ichimoku Cloud is positioned above the triangle and is acting as a significant resistance level.
A breakout above the triangle, combined with a move through the Ichimoku Cloud, would serve as a bullish confirmation, potentially signaling a strong upward trend.
Conversely, if AKRO breaks down through the support trendline of the triangle, it could indicate a bearish scenario and result in further downward movement.
The price action within this symmetrical triangle is crucial, as it will determine the next significant direction for AKRO.
AKRO is currently consolidating within a symmetrical triangle pattern and is rebounding from the support trendline of the triangle. The Ichimoku Cloud is positioned above the triangle and is acting as a significant resistance level.
A breakout above the triangle, combined with a move through the Ichimoku Cloud, would serve as a bullish confirmation, potentially signaling a strong upward trend.
Conversely, if AKRO breaks down through the support trendline of the triangle, it could indicate a bearish scenario and result in further downward movement.
The price action within this symmetrical triangle is crucial, as it will determine the next significant direction for AKRO.
Moving towards technical indicators, we can use the widely used Mayer Multiple metric, which assesses the ratio between #Bitcoin price and its 200DMA.
The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.
The 200DMA currently resides at a value of $58k, once again providing confluence with on–chain price models.
The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.
The 200DMA currently resides at a value of $58k, once again providing confluence with on–chain price models.
#BTC/USDT ANALYSIS
After the rejection from the descending triangle resistance trendline, Bitcoin is currently attempting to break its horizontal demand zone within the triangle.
The Ichimoku Cloud is also acting as resistance above the triangle. We need to wait for a successful breakout or breakdown to determine the next move.
After the rejection from the descending triangle resistance trendline, Bitcoin is currently attempting to break its horizontal demand zone within the triangle.
The Ichimoku Cloud is also acting as resistance above the triangle. We need to wait for a successful breakout or breakdown to determine the next move.
JUST IN: Tron founder Justin Sun offers to buy all #Bitcoin held by the German government to minimize impact on the market.
#ALTS MARKET CAP ANALYSIS
The ALTS market cap is trading within a descending triangle pattern and is currently attempting to break its horizontal demand zone. A breakdown from the triangle, followed by a successful retest of the broken support, would likely lead to a further decline in the ALTS market. This scenario would confirm the bearish sentiment and indicate a continuation of the downward trend.
However, there is also the potential for a bounce from the demand zone within the triangle. The Ichimoku Cloud is positioned above the triangle and is acting as resistance. If the market breaks out from both the descending triangle and the Ichimoku Cloud, it would serve as a strong bullish confirmation, signaling a potential reversal and the start of an upward trend for the ALTS market.
The ALTS market cap is trading within a descending triangle pattern and is currently attempting to break its horizontal demand zone. A breakdown from the triangle, followed by a successful retest of the broken support, would likely lead to a further decline in the ALTS market. This scenario would confirm the bearish sentiment and indicate a continuation of the downward trend.
However, there is also the potential for a bounce from the demand zone within the triangle. The Ichimoku Cloud is positioned above the triangle and is acting as resistance. If the market breaks out from both the descending triangle and the Ichimoku Cloud, it would serve as a strong bullish confirmation, signaling a potential reversal and the start of an upward trend for the ALTS market.
#BTC/USDT ANALYSIS
Bitcoin has recently declined following the breakdown of a symmetrical triangle pattern. It is currently trading above a key horizontal demand zone. The Ichimoku cloud is serving as a resistance barrier above the current price action. The next significant support level is around the $52,000 mark, where a potential bounce can be anticipated.
Bitcoin has recently declined following the breakdown of a symmetrical triangle pattern. It is currently trading above a key horizontal demand zone. The Ichimoku cloud is serving as a resistance barrier above the current price action. The next significant support level is around the $52,000 mark, where a potential bounce can be anticipated.