#DOT/USDT BUY SETUP
DOT has broken out of the falling wedge pattern, with the 21MA providing support beneath the price action. It is currently attempting a retest above the pattern. A successful retest could confirm a strong bullish rally for DOT.👀🚀
DOT has broken out of the falling wedge pattern, with the 21MA providing support beneath the price action. It is currently attempting a retest above the pattern. A successful retest could confirm a strong bullish rally for DOT.👀🚀
#XRP/USDT BUY SETUP
XRP is breaking out of the symmetrical triangle pattern, with the Ichimoku Cloud serving as a key resistance barrier above. A decisive breakout from both the triangle and the cloud could signal the start of a bullish trend. Keep a close watch on this move. 👀🚀
XRP is breaking out of the symmetrical triangle pattern, with the Ichimoku Cloud serving as a key resistance barrier above. A decisive breakout from both the triangle and the cloud could signal the start of a bullish trend. Keep a close watch on this move. 👀🚀
#S&P 500 ANALYSIS
The S&P 500 has broken out of its ascending triangle pattern and is now trading above it, with the Ichimoku Cloud offering solid support, suggesting continued bullish momentum.
A potential retest above the pattern could occur soon. It's worth noting that the S&P 500's movements often correlate with trends in the crypto market. Monitor this closely for potential market signals.
The S&P 500 has broken out of its ascending triangle pattern and is now trading above it, with the Ichimoku Cloud offering solid support, suggesting continued bullish momentum.
A potential retest above the pattern could occur soon. It's worth noting that the S&P 500's movements often correlate with trends in the crypto market. Monitor this closely for potential market signals.
#BTC/USDT ANALYSIS
Following the breakout of the descending triangle, the price is currently trading above the 200MA, which is providing strong support at this level. A bounce from this area is anticipated, signaling potential upward momentum.
However, if the price breaks down below the 200MA, we may see a further downward move, where the Ichimoku Cloud is positioned to act as additional support just above the pattern.
A break below both the 200MA could confirm a bearish trend, while maintaining support at these levels would indicate continued bullish strength.
Following the breakout of the descending triangle, the price is currently trading above the 200MA, which is providing strong support at this level. A bounce from this area is anticipated, signaling potential upward momentum.
However, if the price breaks down below the 200MA, we may see a further downward move, where the Ichimoku Cloud is positioned to act as additional support just above the pattern.
A break below both the 200MA could confirm a bearish trend, while maintaining support at these levels would indicate continued bullish strength.
Binance Will Support the Orion (ORN) Mainnet Swap and Rebranding to Lumia (LUMIA)
https://www.binance.com/en/support/announcement/066ba1773ce4480492b983f8d4764c91
https://www.binance.com/en/support/announcement/066ba1773ce4480492b983f8d4764c91
#UNFI/USDT ANALYSIS
UNFI is consolidating within a falling wedge pattern and is currently rebounding from the support trendline. The Ichimoku Cloud is acting as a significant resistance barrier above the price.
A decisive breakout from the wedge would provide a strong bullish confirmation. It's essential to closely monitor this setup for a potential upward move.
UNFI is consolidating within a falling wedge pattern and is currently rebounding from the support trendline. The Ichimoku Cloud is acting as a significant resistance barrier above the price.
A decisive breakout from the wedge would provide a strong bullish confirmation. It's essential to closely monitor this setup for a potential upward move.
#BTC DOMINANCE ANALYSIS
BTC.D is currently trading within a rising wedge pattern on the weekly timeframe, which is considered a bearish formation. The 21MA is providing support beneath the wedge.
As a result, a decline in BTC.D is anticipated in the near future. A sustained breakdown of the rising wedge would confirm the bearish outlook. A decrease in BTC.D, especially if BTC remains stagnant or bullish, would signal a potential bull run for altcoins.
BTC.D is currently trading within a rising wedge pattern on the weekly timeframe, which is considered a bearish formation. The 21MA is providing support beneath the wedge.
As a result, a decline in BTC.D is anticipated in the near future. A sustained breakdown of the rising wedge would confirm the bearish outlook. A decrease in BTC.D, especially if BTC remains stagnant or bullish, would signal a potential bull run for altcoins.
#BTC/USDT ANALYSIS
Bitcoin is showing a strong rebound from the support trendline, indicating buyer strength at this level. It is currently trading above the Ichimoku Cloud, which is providing additional support, reinforcing bullish momentum.
A decisive breakout above the horizontal supply zone would confirm a bullish trend, potentially leading to further upward movement.
Traders are watching this zone closely, as a clear breakout could signify a shift in market sentiment and signal the start of a sustained rally.
Bitcoin is showing a strong rebound from the support trendline, indicating buyer strength at this level. It is currently trading above the Ichimoku Cloud, which is providing additional support, reinforcing bullish momentum.
A decisive breakout above the horizontal supply zone would confirm a bullish trend, potentially leading to further upward movement.
Traders are watching this zone closely, as a clear breakout could signify a shift in market sentiment and signal the start of a sustained rally.
#NOT/USDT BUY SETUP
NOT has successfully broken out of the major falling wedge pattern and completed a retest, confirming the breakout. The setup now looks primed for an upward movement, signaling potential bullish momentum. 🚀
NOT has successfully broken out of the major falling wedge pattern and completed a retest, confirming the breakout. The setup now looks primed for an upward movement, signaling potential bullish momentum. 🚀
#ALTS MARKET CAP ANALYSIS
The ALTS market cap has successfully broken out of the falling wedge pattern with substantial volume and is now trading within the Ichimoku Cloud. A breakdown through the cloud could lead to a retest of the wedge, signaling a potential correction in the ALTS market.
Conversely, if it breaks above the Ichimoku Cloud's resistance barrier, we could see a strong upward movement, indicating bullish momentum for ALTS.
The ALTS market cap has successfully broken out of the falling wedge pattern with substantial volume and is now trading within the Ichimoku Cloud. A breakdown through the cloud could lead to a retest of the wedge, signaling a potential correction in the ALTS market.
Conversely, if it breaks above the Ichimoku Cloud's resistance barrier, we could see a strong upward movement, indicating bullish momentum for ALTS.
#BTC/USDT ANALYSIS
Bitcoin is rebounding from the Ichimoku Cloud, which is acting as support, while the 100MA presents a resistance barrier above the price action. A breakout above both the 100MA and the horizontal resistance zone could signal the start of a strong bullish rally in the market.
Bitcoin is rebounding from the Ichimoku Cloud, which is acting as support, while the 100MA presents a resistance barrier above the price action. A breakout above both the 100MA and the horizontal resistance zone could signal the start of a strong bullish rally in the market.
Notice of Removal of Spot Trading Pairs - 2024-10-04
https://www.binance.com/en/support/announcement/fac9138cdf1947d4a7184990c04ab2c9
https://www.binance.com/en/support/announcement/fac9138cdf1947d4a7184990c04ab2c9
#SAND/USDT BUY SETUP
SAND has successfully broken out of the falling wedge pattern and completed a strong retest, indicating bullish momentum. An upward movement is expected soon. 🚀
SAND has successfully broken out of the falling wedge pattern and completed a strong retest, indicating bullish momentum. An upward movement is expected soon. 🚀
#GMX/USDT ANALYSIS
GMX is consolidating within a descending triangle pattern, currently trading inside the horizontal demand zone. The Ichimoku Cloud is acting as a resistance barrier. A decisive breakout or breakdown is needed to confirm GMX's next move.
GMX is consolidating within a descending triangle pattern, currently trading inside the horizontal demand zone. The Ichimoku Cloud is acting as a resistance barrier. A decisive breakout or breakdown is needed to confirm GMX's next move.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is consolidating within a descending broadening wedge pattern, which often signals potential reversals.
The Ichimoku Cloud is providing support, with the market cap rebounding from this level. A solid breakout from the wedge could trigger a strong bullish rally across the crypto market.
The total cryptocurrency market cap is consolidating within a descending broadening wedge pattern, which often signals potential reversals.
The Ichimoku Cloud is providing support, with the market cap rebounding from this level. A solid breakout from the wedge could trigger a strong bullish rally across the crypto market.
#BTC/USDT ANALYSIS
Bitcoin has broken out of its symmetrical triangle pattern with significant volume, and is now undergoing a retest above the triangle.
The Ichimoku Cloud is providing support just above the triangle. A successful retest would confirm a bullish trend, potentially leading to further upward momentum.
However, if the retest fails, the price may re-enter the pattern, indicating continued consolidation within the triangle.
Bitcoin has broken out of its symmetrical triangle pattern with significant volume, and is now undergoing a retest above the triangle.
The Ichimoku Cloud is providing support just above the triangle. A successful retest would confirm a bullish trend, potentially leading to further upward momentum.
However, if the retest fails, the price may re-enter the pattern, indicating continued consolidation within the triangle.
#AUCTION/USDT ANALYSIS
AUCTION is currently consolidating within a descending triangle pattern and facing rejection at the resistance trendline. It is testing the horizontal demand zone, attempting to break below it.
Additionally, the 100MA is acting as a resistance barrier above the triangle. A decisive breakout above the resistance or a breakdown below the demand zone is needed to confirm AUCTION's next move. It’s important to monitor the price action closely for a clear signal.
AUCTION is currently consolidating within a descending triangle pattern and facing rejection at the resistance trendline. It is testing the horizontal demand zone, attempting to break below it.
Additionally, the 100MA is acting as a resistance barrier above the triangle. A decisive breakout above the resistance or a breakdown below the demand zone is needed to confirm AUCTION's next move. It’s important to monitor the price action closely for a clear signal.
When we assess the price performance of Bitcoin from the cycle low, a remarkable similarity in performance emerges despite wildly differing market conditions. The reason for Bitcoin following such a similar path is a regular topic of debate, but it continues to provide an interesting framework for analysts to think about cycle structure and duration.
Both the 2015-16 🔵, and 2019-20 🟢 periods have traded in an oddly similar manner to the recovery seen in 2023-24 ⚫.
Both the 2015-16 🔵, and 2019-20 🟢 periods have traded in an oddly similar manner to the recovery seen in 2023-24 ⚫.