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 ⚫.
#US DOLLAR ANALYSIS
The US dollar is currently consolidating within a descending triangle pattern and is rebounding from the horizontal demand zone, where the 200-day moving average is providing support and indicating positive momentum.
Meanwhile, the Ichimoku Cloud is acting as a resistance barrier above the price action. To confirm the next move for the US dollar, we need to wait for a decisive breakout or breakdown of the pattern.
Additionally, it's important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.
The US dollar is currently consolidating within a descending triangle pattern and is rebounding from the horizontal demand zone, where the 200-day moving average is providing support and indicating positive momentum.
Meanwhile, the Ichimoku Cloud is acting as a resistance barrier above the price action. To confirm the next move for the US dollar, we need to wait for a decisive breakout or breakdown of the pattern.
Additionally, it's important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.
#BTC/USDT ANALYSIS
Bitcoin is trading above the Ichimoku Cloud after the breakout from the symmetrical triangle, with the cloud now acting as a key support.
The 100MA, however, is posing resistance above the current price action. This setup suggests a critical decision point for Bitcoin.
If the price bounces off the support provided by the Ichimoku Cloud, we could see a push toward the 100MA, potentially leading to a bullish continuation if it breaks through this resistance.
Conversely, if Bitcoin loses support at the Ichimoku Cloud, it may trigger a retest of the previously broken symmetrical triangle.
Bitcoin is trading above the Ichimoku Cloud after the breakout from the symmetrical triangle, with the cloud now acting as a key support.
The 100MA, however, is posing resistance above the current price action. This setup suggests a critical decision point for Bitcoin.
If the price bounces off the support provided by the Ichimoku Cloud, we could see a push toward the 100MA, potentially leading to a bullish continuation if it breaks through this resistance.
Conversely, if Bitcoin loses support at the Ichimoku Cloud, it may trigger a retest of the previously broken symmetrical triangle.
Largest outflow of #Bitcoin from exchanges since November 2022
“On-chain data shows an increase in Bitcoin outflows from exchanges - all three 30-, 50-, and 100-day moving averages show this.”
“On-chain data shows an increase in Bitcoin outflows from exchanges - all three 30-, 50-, and 100-day moving averages show this.”
#CHZ/USDT ANALYSIS
CHZ is currently consolidating within a descending channel and rebounding off its support trendline. The Ichimoku Cloud is serving as a strong resistance barrier below the resistance trendline of the channel.
A breakout above both the Ichimoku Cloud and the channel's resistance would signal a potential bullish trend, paving the way for further upward momentum.
CHZ is currently consolidating within a descending channel and rebounding off its support trendline. The Ichimoku Cloud is serving as a strong resistance barrier below the resistance trendline of the channel.
A breakout above both the Ichimoku Cloud and the channel's resistance would signal a potential bullish trend, paving the way for further upward momentum.