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US Approves Erebor Bank, The CryptoBank Backed By Palmer Lucky And Peter Thiel: FT
#ALTS MARKET CAP ANALYSIS
The ALTS market cap is facing rejection from the horizontal main supply zone of the ascending triangle pattern.
The Ichimoku Cloud is acting as a strong support below the pattern. From this level, we may see a short-term correction in the altcoin market.
However, a breakout above the pattern will confirm a bullish rally ahead.
The ALTS market cap is facing rejection from the horizontal main supply zone of the ascending triangle pattern.
The Ichimoku Cloud is acting as a strong support below the pattern. From this level, we may see a short-term correction in the altcoin market.
However, a breakout above the pattern will confirm a bullish rally ahead.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within the descending triangle pattern, with the Ichimoku Cloud acting as a resistance barrier above the price action. We need to wait for a breakout or breakdown of the pattern to confirm the next directional move in the market.
Bitcoin is consolidating within the descending triangle pattern, with the Ichimoku Cloud acting as a resistance barrier above the price action. We need to wait for a breakout or breakdown of the pattern to confirm the next directional move in the market.
#BB/USDT ANALYSIS
BB is consolidating within a descending broadening wedge, trading below the 21MA and 50MA, both serving as resistance barriers. A breakout above these moving averages and the pattern would confirm a bullish reversal.
BB is consolidating within a descending broadening wedge, trading below the 21MA and 50MA, both serving as resistance barriers. A breakout above these moving averages and the pattern would confirm a bullish reversal.
#TOTAL MARKET CAP ANALYSIS
The total crypto market cap is facing rejection from the resistance trendline of the rising wedge pattern.
Currently, it is trading above the marked horizontal S/R level, where a potential recovery can be expected.
The Ichimoku Cloud is acting as a strong support below the pattern, reinforcing bullish sentiment.
However, if the market loses this key S/R level, further correction in the crypto market could follow.
The total crypto market cap is facing rejection from the resistance trendline of the rising wedge pattern.
Currently, it is trading above the marked horizontal S/R level, where a potential recovery can be expected.
The Ichimoku Cloud is acting as a strong support below the pattern, reinforcing bullish sentiment.
However, if the market loses this key S/R level, further correction in the crypto market could follow.
#BTC/USDT ANALYSIS
Bitcoin is rebounding from the support trendline of the falling wedge pattern. The Ichimoku Cloud is acting as a resistance barrier above the wedge.
A solid breakout of the pattern will confirm a bullish trend, while a breakdown below the support trendline would invalidate the pattern and could lead to further correction in the market.
Bitcoin is rebounding from the support trendline of the falling wedge pattern. The Ichimoku Cloud is acting as a resistance barrier above the wedge.
A solid breakout of the pattern will confirm a bullish trend, while a breakdown below the support trendline would invalidate the pattern and could lead to further correction in the market.
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#API3/USDT ANALYSIS
API3 is trading above the horizontal demand zone level, where a rebound is expected. The Ichimoku Cloud is acting as a resistance barrier above the current price action. Keep an eye on the further price action developments.
API3 is trading above the horizontal demand zone level, where a rebound is expected. The Ichimoku Cloud is acting as a resistance barrier above the current price action. Keep an eye on the further price action developments.
#US DOLLAR ANALYSIS
The US Dollar has broken down from the descending triangle pattern and is currently facing rejection from the breakdown level, where the 200MA is acting as a resistance barrier above the price action. It’s important to note that the Dollar’s movement often shows an inverse correlation with the crypto market.
The US Dollar has broken down from the descending triangle pattern and is currently facing rejection from the breakdown level, where the 200MA is acting as a resistance barrier above the price action. It’s important to note that the Dollar’s movement often shows an inverse correlation with the crypto market.