#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.
#FRONT/USDT ANALYSIS
FRONT is rebounding from the horizontal demand zone of a descending triangle. A breakout above the 100-day moving average could trigger an upward movement. Additionally, if it breaks above the descending triangle, we can expect significant gains.
FRONT is rebounding from the horizontal demand zone of a descending triangle. A breakout above the 100-day moving average could trigger an upward movement. Additionally, if it breaks above the descending triangle, we can expect significant gains.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is presently confined within a descending channel pattern and has recently tested the lower trendline, showing signs of an attempted rebound.
However, resistance is being encountered from the Ichimoku cloud situated within the channel. For a bullish reversal to be confirmed, the market cap would need to break out above the upper trendline of the channel.
Conversely, a breakdown below the support trendline could indicate further declines, signaling a continuation of the bearish trend.
The total cryptocurrency market cap is presently confined within a descending channel pattern and has recently tested the lower trendline, showing signs of an attempted rebound.
However, resistance is being encountered from the Ichimoku cloud situated within the channel. For a bullish reversal to be confirmed, the market cap would need to break out above the upper trendline of the channel.
Conversely, a breakdown below the support trendline could indicate further declines, signaling a continuation of the bearish trend.
#BTC/USDT ANALYSIS
Bitcoin has broken down from the descending triangle and is currently trading below it. The 200-day moving average is acting as resistance above the price action, suggesting further downward movement.
However, if Bitcoin attempts a retest but instead breaks above the resistance of the 200MA, further consolidation within the triangle can be expected. A decisive breakout above the triangle would serve as a strong bullish confirmation.
Bitcoin has broken down from the descending triangle and is currently trading below it. The 200-day moving average is acting as resistance above the price action, suggesting further downward movement.
However, if Bitcoin attempts a retest but instead breaks above the resistance of the 200MA, further consolidation within the triangle can be expected. A decisive breakout above the triangle would serve as a strong bullish confirmation.
#Bitcoin Miner capitulation mirrors Dec 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions.
Such declines often signal potential market bottoms.
Such declines often signal potential market bottoms.
1INCH/USDT ANALYSIS
1INCH is currently rebounding from the horizontal demand zone within a descending triangle pattern. Both the 100MA and the Ichimoku Cloud are serving as resistance above this triangle.
We should wait for a clear breakout or breakdown. A confirmed breakout would signal a bullish trend, whereas a breakdown would imply a bearish trend.
1INCH is currently rebounding from the horizontal demand zone within a descending triangle pattern. Both the 100MA and the Ichimoku Cloud are serving as resistance above this triangle.
We should wait for a clear breakout or breakdown. A confirmed breakout would signal a bullish trend, whereas a breakdown would imply a bearish trend.
NEW: Fidelity #Bitcoin ETF investors bought the dip in a BIG way, with $117 million in inflows.
This marks their largest daily inflow since early June.
This marks their largest daily inflow since early June.
#WIF/USDT ANALYSIS
WIF is consolidating within a descending channel and is currently rebounding from the horizontal demand zone and the channel's support trendline.
The Ichimoku cloud is acting as resistance. A decisive breakout from the channel and the Ichimoku cloud would serve as a bullish confirmation.
WIF is consolidating within a descending channel and is currently rebounding from the horizontal demand zone and the channel's support trendline.
The Ichimoku cloud is acting as resistance. A decisive breakout from the channel and the Ichimoku cloud would serve as a bullish confirmation.
#US DOLLAR ANALYSIS
The US dollar is currently facing rejection at the resistance trendline of a symmetrical triangle pattern while trading just above the support trendline, with the Ichimoku cloud providing additional support.
A breakdown below the triangle and subsequent downward movement of the US dollar could trigger a bullish rally in the cryptocurrency market. To confirm the US dollar's next direction, it is crucial to wait for a definitive breakout or breakdown.
Additionally, it is important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.
The US dollar is currently facing rejection at the resistance trendline of a symmetrical triangle pattern while trading just above the support trendline, with the Ichimoku cloud providing additional support.
A breakdown below the triangle and subsequent downward movement of the US dollar could trigger a bullish rally in the cryptocurrency market. To confirm the US dollar's next direction, it is crucial to wait for a definitive breakout or breakdown.
Additionally, it is important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.
#BTC/USDT ANALYSIS
Bitcoin is currently rebounding from the support trendline of its descending channel after a strong rejection. The 200-day moving average is acting as resistance above the current price. A breakout above the 200MA, coupled with a solid breakout from the descending channel, would confirm a bullish trend. Conversely, if Bitcoin breaks below the channel's support trendline, a further decline in the market is likely.
Bitcoin is currently rebounding from the support trendline of its descending channel after a strong rejection. The 200-day moving average is acting as resistance above the current price. A breakout above the 200MA, coupled with a solid breakout from the descending channel, would confirm a bullish trend. Conversely, if Bitcoin breaks below the channel's support trendline, a further decline in the market is likely.
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?»
#ETH/USDT ANALYSIS
ETH is consolidating within a descending triangle and is currently rebounding from the horizontal demand zone at the base of the triangle.
The Ichimoku cloud is providing resistance above the price action within the triangle.
We need to wait for a successful breakout above the resistance or a breakdown below the demand zone for a clear direction.
ETH is consolidating within a descending triangle and is currently rebounding from the horizontal demand zone at the base of the triangle.
The Ichimoku cloud is providing resistance above the price action within the triangle.
We need to wait for a successful breakout above the resistance or a breakdown below the demand zone for a clear direction.
#USDT DOMINANCE ANALYSIS
USDT.D has broken out of the ascending triangle with significant volume and is currently trading above the pattern. The Ichimoku cloud is providing support, indicating bullish momentum, while the 200MA is acting as a resistance above the current price action.
If USDT.D can break above the horizontal supply zone and the 200MA resistance, we may see further upward movement. Conversely, the price could drop from the horizontal resistance zone level.
It's crucial to remember that USDT.D's movements are inversely correlated with the broader cryptocurrency market, making this a pivotal moment for traders and investors to monitor.
USDT.D has broken out of the ascending triangle with significant volume and is currently trading above the pattern. The Ichimoku cloud is providing support, indicating bullish momentum, while the 200MA is acting as a resistance above the current price action.
If USDT.D can break above the horizontal supply zone and the 200MA resistance, we may see further upward movement. Conversely, the price could drop from the horizontal resistance zone level.
It's crucial to remember that USDT.D's movements are inversely correlated with the broader cryptocurrency market, making this a pivotal moment for traders and investors to monitor.
#BTC/USDT ANALYSIS
Bitcoin recently experienced a decline after breaking down from a symmetrical triangle pattern. Currently, it is trading above a crucial horizontal demand zone.
However, the Ichimoku cloud and the 100MA are acting as resistance barriers, keeping the price suppressed. The next significant support level is between the $52,000 to $50,000 range, where a potential bounce may be anticipated if the price action reaches this zone.
Traders are closely watching these levels to determine the next move in Bitcoin's price trajectory.
Bitcoin recently experienced a decline after breaking down from a symmetrical triangle pattern. Currently, it is trading above a crucial horizontal demand zone.
However, the Ichimoku cloud and the 100MA are acting as resistance barriers, keeping the price suppressed. The next significant support level is between the $52,000 to $50,000 range, where a potential bounce may be anticipated if the price action reaches this zone.
Traders are closely watching these levels to determine the next move in Bitcoin's price trajectory.
Binance Will Delist BOND, DOCK, MDX, POLS on 2024-07-22
https://www.binance.com/en/support/announcement/4ffb7170f2f84ce3a06cc0cf1a788c23
https://www.binance.com/en/support/announcement/4ffb7170f2f84ce3a06cc0cf1a788c23
Binance
Binance Will Delist BOND, DOCK, MDX, POLS on 2024-07-22 | Binance Announcement,Binance news,Delisting
Binance has decided to delist and cease trading on all spot trading pairs for the following token(s) at 2024-07-22 03:00 (UTC): BarnBridge (BOND), Dock (DOCK), Mdex (MDX), Polkastarter (POLS)
#BNB/USDT ANALYSIS
BNB is forming a double bottom pattern and has broken the resistance trendline. It is currently testing this trendline. The price is moving within the Ichimoku cloud.
A breakout above the Ichimoku cloud and the neckline of the double-bottom pattern, followed by a successful test above the neckline, would confirm a bullish trend.
BNB is forming a double bottom pattern and has broken the resistance trendline. It is currently testing this trendline. The price is moving within the Ichimoku cloud.
A breakout above the Ichimoku cloud and the neckline of the double-bottom pattern, followed by a successful test above the neckline, would confirm a bullish trend.