#TOTAL MARKET CAP ANALYSIS
The total crypto market cap has broken down from the rising wedge pattern and is currently trading above the 100MA, which is acting as support. If it continues to hold this level, we can expect a bounce.
However, a breakdown below the 100MA may lead to further correction in the market, with the next key level being the 200MA, which is acting as strong support.
The total crypto market cap has broken down from the rising wedge pattern and is currently trading above the 100MA, which is acting as support. If it continues to hold this level, we can expect a bounce.
However, a breakdown below the 100MA may lead to further correction in the market, with the next key level being the 200MA, which is acting as strong support.
#BTC/USDT ANALYSIS
Bitcoin has broken down from the rising wedge pattern and is currently rebounding from the lower boundary of the Ichimoku Cloud, which is acting as support.
If it continues to hold this level, we can expect upward movement. However, a breakdown of the cloud would open the door for further correction in the market.
Bitcoin has broken down from the rising wedge pattern and is currently rebounding from the lower boundary of the Ichimoku Cloud, which is acting as support.
If it continues to hold this level, we can expect upward movement. However, a breakdown of the cloud would open the door for further correction in the market.
#EGLD/USDT BUY SETUP
EGLD is trading above the strong support trendline of the wedge and is also moving within a major demand zone.
From here, we can expect a potential bounce, while a breakout above the resistance trendline would confirm a bullish rally. 🚀
EGLD is trading above the strong support trendline of the wedge and is also moving within a major demand zone.
From here, we can expect a potential bounce, while a breakout above the resistance trendline would confirm a bullish rally. 🚀
#US DOLLAR ANALYSIS
The US Dollar is rebounding from the ascending channel’s support trendline, while the Ichimoku Cloud acts as resistance above.
A breakout above the Cloud signals upside, while a breakdown below channel support could extend the decline, an important setup given its inverse correlation with crypto.
The US Dollar is rebounding from the ascending channel’s support trendline, while the Ichimoku Cloud acts as resistance above.
A breakout above the Cloud signals upside, while a breakdown below channel support could extend the decline, an important setup given its inverse correlation with crypto.
#BTC/USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone. The 200MA is acting as a resistance barrier above the current price action.
A strong breakout above the 200MA will signal further upward movement, while a breakdown below the demand zone may lead to additional correction in the market.
Bitcoin is rebounding from the horizontal demand zone. The 200MA is acting as a resistance barrier above the current price action.
A strong breakout above the 200MA will signal further upward movement, while a breakdown below the demand zone may lead to additional correction in the market.
#APE/USDT ANALYSIS
APE is rebounding from the support trendline of the falling wedge pattern. The 21MA is acting as a resistance barrier above the wedge’s resistance trendline.
A solid breakout of the pattern will signal a bullish rally, while a breakdown below the wedge’s support trendline would invalidate the formation.
APE is rebounding from the support trendline of the falling wedge pattern. The 21MA is acting as a resistance barrier above the wedge’s resistance trendline.
A solid breakout of the pattern will signal a bullish rally, while a breakdown below the wedge’s support trendline would invalidate the formation.
#USDT DOMINANCE ANALYSIS
USDT Dominance is currently testing the upper boundary of the rectangle channel. A successful test and breakout above this level will signal further upward movement.
However, if it fails to break through, we may see a downward move back inside the channel. Keep an eye on upcoming price action developments.
It's important to note that USDT.D frequently demonstrates an inverse correlation with the crypto market.
USDT Dominance is currently testing the upper boundary of the rectangle channel. A successful test and breakout above this level will signal further upward movement.
However, if it fails to break through, we may see a downward move back inside the channel. Keep an eye on upcoming price action developments.
It's important to note that USDT.D frequently demonstrates an inverse correlation with the crypto market.
#BTC/USDT ANALYSIS
Bitcoin is consolidating inside the ascending triangle pattern and is currently trading above the support trendline.
The Ichimoku Cloud is acting as strong support below the pattern. For now, we need to wait for either a breakout or breakdown to confirm the next directional move.
Bitcoin is consolidating inside the ascending triangle pattern and is currently trading above the support trendline.
The Ichimoku Cloud is acting as strong support below the pattern. For now, we need to wait for either a breakout or breakdown to confirm the next directional move.
#SOL/USDT ANALYSIS
SOL is consolidating inside the ascending triangle pattern and is currently trading above the support trendline. The Ichimoku Cloud is acting as a resistance barrier above the price.
We can expect a potential rebound from the support trendline, while a breakdown of the pattern could lead to further downward movement. Keep an eye on upcoming price action developments.
SOL is consolidating inside the ascending triangle pattern and is currently trading above the support trendline. The Ichimoku Cloud is acting as a resistance barrier above the price.
We can expect a potential rebound from the support trendline, while a breakdown of the pattern could lead to further downward movement. Keep an eye on upcoming price action developments.
#BTC/USDT ANALYSIS
Bitcoin has broken out of the ascending triangle pattern with significant volume and is now testing the breakout level. The Ichimoku Cloud is showing strong support below the pattern. A successful retest at this level could trigger a bullish rally.
Bitcoin has broken out of the ascending triangle pattern with significant volume and is now testing the breakout level. The Ichimoku Cloud is showing strong support below the pattern. A successful retest at this level could trigger a bullish rally.
#SEI/USDT ANALYSIS
SEI is consolidating inside the falling wedge pattern and is currently trading above the support trendline. From this level, we can expect a potential rebound. Keep an eye on upcoming price action developments.
SEI is consolidating inside the falling wedge pattern and is currently trading above the support trendline. From this level, we can expect a potential rebound. Keep an eye on upcoming price action developments.
#BTC DOMINANCE ANALYSIS
BTC Dominance has broken down from the ascending triangle pattern and is currently trading above the horizontal S/R level. If it continues to hold this level, we can expect a potential rebound.
However, the Ichimoku Cloud is acting as a resistance barrier above the price. A breakdown below the S/R level would signal further downward movement.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
BTC Dominance has broken down from the ascending triangle pattern and is currently trading above the horizontal S/R level. If it continues to hold this level, we can expect a potential rebound.
However, the Ichimoku Cloud is acting as a resistance barrier above the price. A breakdown below the S/R level would signal further downward movement.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle pattern, currently trading above the support trendline.
The Ichimoku Cloud is providing strong support and reflecting underlying market strength.
We should wait for a clear breakout or breakdown to confirm the next directional move.
Bitcoin is consolidating within a symmetrical triangle pattern, currently trading above the support trendline.
The Ichimoku Cloud is providing strong support and reflecting underlying market strength.
We should wait for a clear breakout or breakdown to confirm the next directional move.
#FET/USDT ANALYSIS
FET is consolidating within a descending triangle pattern. The Ichimoku Cloud continues to act as a resistance barrier above the structure.
A decisive breakout or breakdown is required to confirm the next directional move. Stay focused on upcoming price action for further confirmation.
FET is consolidating within a descending triangle pattern. The Ichimoku Cloud continues to act as a resistance barrier above the structure.
A decisive breakout or breakdown is required to confirm the next directional move. Stay focused on upcoming price action for further confirmation.
JUST IN: 🇧🇴 Bolivian government to integrate crypto into its financial system.
#ALTS MARKET CAP ANALYSIS
The ALTS market cap is facing rejection at the horizontal supply zone within the ascending triangle pattern, while still trading above the support trendline.
The Ichimoku Cloud is providing solid support, indicating a potential rebound if this level continues to hold.
However, a breakdown of the structure could trigger further downward movement. Keep monitoring price action for confirmation.
The ALTS market cap is facing rejection at the horizontal supply zone within the ascending triangle pattern, while still trading above the support trendline.
The Ichimoku Cloud is providing solid support, indicating a potential rebound if this level continues to hold.
However, a breakdown of the structure could trigger further downward movement. Keep monitoring price action for confirmation.