XRPUSD - SMART-MONEY BUYS AND HOLDS - HERE IS WHY! ____________________________________________________________________________________________________________________________________________
Hello. Today i want to share with you an important and interesting observation which i made with XRPUSD. We are looking on the weekly-time frime. As the
cryptocurrency market consolidates and BTCUSD provides some possible bullish break-out signals, Ripple is an important coin to look at.
____________________________________________________________________________________________________________________________________________
As you can see on my chart, there is an pattern which exactly repeats.There is a reason why XRP is the third biggest cryptocurrency after bitcoin and ether-
eum. It has an longer history in the cryptocurrency market backing from a time where the mass of crpytocurrencys existing today wasnt there. As XRPUSD
provided two growth phases in which it gained 5544 % in the first and astonishing 94870 % in the second, the same pattern is repeating right now.
____________________________________________________________________________________________________________________________________________
After the first growth phase XRPUSD had an corrective phase where smart investors took profit and XRP dropped down, you can see the take-profit phase
marked with the red box in my chart. Then it took a long accumulation phase where smart money accumulated before public money to launch the
rocket to moon. This provided the second growth phase which you can see in my chart. The pattern provided the last months is nearly the same,
the take-profit phase with an ABC-correction an the accumulation.
____________________________________________________________________________________________________________________________________________
XRPUSD is an good coin with lots of support from banks and goverments which implementing and integrating the coin, also it held the market-cap and price
stady above the 0.24 support, it bounced several times in this price level as smart-money is accumulating, exactly the same pattern repeating seen before.
____________________________________________________________________________________________________________________________________________
Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support!
The information provided is for educational purposes only and should not be used to take action in markets.
____________________________________________________________________________________________________________________________________________
Consolidation
GBPUSD → Consolidation breakthrough. Attempt to change the trendFX:GBPUSD is coming out of the longitudinal consolidation by breaking the lower boundary. The accumulation has been forming for two months. Price breaks support, updates the low and forms a correction to the previously broken level.
The dollar index is in a bullish phase, after updating the local high, a correction is forming and the forex market is reacting to it. Most likely the dollar index will continue its growth.
Today, at 19:00 the FOMC Bowman will speak, and the current situation on inflation and interest rate will be commented.
Technically, from the currency pair we can expect a false breakdown of 1.2615 with the subsequent decline to the levels: 1.2506, 1.2380
Resistance levels: 1.2615, 1.276
Support levels: 1.2506, 1.2380
The currency pair is forming an attempt to change the trend. If the shift is confirmed, the phase of accumulation realization (distribution) may last long enough, the strengthening of the dollar may support the GBP bearish trend.
Regards R. Linda!
Bitcoins Actual Amazing Movement Similarity with the Last Cycle!_____________________________________________________________________________________________________________________________________________________
Hello my friends, I wish everybody a Happy New Year! Hopefully, everybody had a nice New Years' Eve.
So we are in 2020 and there are important things I discovered with bitcoins weekly time-frame movement, which I share with you today. Let's go!
There Is Bitcoins Big Cup and Handle Cycle which already played out with the target of the Cup and Handle Confirmed.
You can see it in my chart, you can see the different stages of the cup and handle confirmation, breakout, and target marked with numbers from 1-4.
Also, there is the first Cup and Handle Formation which already played out in 2017 marked with the letter A and the next Cup and Handle Cycle marked with the letter B.
1. Double Bottom and First Accumulation: The first bullish signs after a long and strong bear-market indicating a possible change in direction.
Smart-Money is accumulating in this phase.
2. Second Accumulation: Retail Money is accumulating in the market. The prices are rising higher. This is also a substantially important phase for bitcoin to develop
further rising price-movement.
3. Breakout and Cup and Handle Confirmation: Price increases further after the second accumulation is completed. Price confirms at the right top of the cup and
forms the handle which completes the formation when confirmed.
4. Final Cup and Handle Target: It s the price target projected from the top of the Cup and the lengths from the bottom to the top from the cup of this formation.
The minimum target zone is the percentual price lengths from the bottom and top of the Cup and Handle formation, more often then not the prices shoot higher than the
actual target. Which you can see in the first Cup and Handle Cycle.
Cup and Handle Formation: In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop
in the price and a rise back up to the original value, followed a smaller drop and a rise past the previous peak. It is interpreted as an indication of bullish sentiment in
the market and possible further price increases.
______________________________________________________________________________________________________________________________________________________
The second Cup and Handle Cycle in which we are trading right now looks pretty similar to the last one, it wouldnt be not so Improbable that we confirm this second Cup
and Handle like the last one. On the other hand these formation can also fail and print another formation which either consolidates or falls down. A defnite test of the
higher line from this formation can be taken as complete confirmation of the formation and further upward price movement.
______________________________________________________________________________________________________________________________________________________
BITCOIN BEARS! Next Trap Incoming and Major Decline will Follow __________________________________________________________________________________________________________________________________________________________________
Hello traders investors and community, today I discuss with you an important observation which I made on the daily bitcoin chart.
As bitcoin is trading in a consolidation again just as seen before the major drop came which dropped bitcoin to the 7800 levels, there are some important things to look at.
__________________________________________________________________________________________________________________________________________________________________
Bitcoin is trading in a declining channel with several lower-highs and lower-lows already formed in the past.
After bitcoin formed the triangle on a weak support base which finally broke badly to the downside after the bull-trap, bitcoin is consolidating again now.
In my chart, you can see the reason for the break-down marked with the horizontal trend-line and the bull-trap callout.
The higher-high which was formed in june was formed with high selling volume. Also before the break-down, we saw weak volume in the weak support zone.
There is a reason why bitcoin cant establishes a new higher high, with bad volume more decline is likely to happen as we are still trading in bearish environments.
We formed the last lower-lower at the 7750 as you can see in my chart, the support which is building now looks similar weak to the last weak support range.
So what can we expect in the next days? A bull move to the upside is likely, as you see in my chart, which is critical because bitcoin will directly trade into resistance at 8800-8900.
There is major resistance at 8800-8900 also the upper trend-line of the orange parallel channel is marking serious resistance.
With facing these important resistance levels a next bull-trap will confirm as there are not many solid bull signs for a successful reversal.
The orange channel you see in my chart is critical, I can't see any bullish continuation without taking out this channel.
This channel has to be taken out for considering the bullish scenario, without this it is still a bearish declining channel that trades to the downside.
__________________________________________________________________________________________________________________________________________________________________
This was my analysis, hopefully, everybody can profit from the information, have a good time and of course good trading profits! For more market insight feel free to support.
Information provided is for educational purposes only and should not be used to take action in markets.
__________________________________________________________________________________________________________________________________________________________________
Overall Bearish but this Fractal could save Bitcoin. __________________________________________________________________________________________________________________________________________________________________
Hello my traders, friends and family. Today I make an important analysis following coherently up my two last analyses on BTCUSD, where first I pointed out the future outcome
in middle to long term of bitcoins price on the daily time-frame and as second the current price action and where we are heading on the 4-hour time-frame.
If you didn't see these analyses already you can see it here:
__________________________________________________________________________________________________________________________________________________________________
This analysis playing an important role to show the possible save from bitcoins bearish outcome with the fractal i found.
The analysis is building a logical continuation to the recent two analyses with other indicators, so i would recommend you to see also the last two. Lets go!
__________________________________________________________________________________________________________________________________________________________________
We are looking at the daily chart and as you can see in my chart there are two fractals which are marked with orange ellipses, one that already played out and
another which is completing now. The fractal which already completed pulled back several times at the 20-EMA before it made an down-pull to the 7300 area, after
this we have seen an massive uptrend which made almost 41.91 %.
__________________________________________________________________________________________________________________________________________________________________
It is important to watch for the 20-EMA (purple) confirmation in this scenario, as the same is pretty similarly happening now, several pull-backs at the 20-EMA before
going down and recovering massively.
As you can see in my last analysis (4-hour chart) we are heading into resistance at the 7300 - 7400 level which is also matching with the 20-EMA.
__________________________________________________________________________________________________________________________________________________________________
When this scenario plays out and we get another pull-back at the 20-EMA we will see good support between 6000 - 6300, which you can watch marked in my chart.
There is also this major support line marked in black in my chart, where we will highly likely get minimum a pull-back when touched.
__________________________________________________________________________________________________________________________________________________________________
Thanks all my friends. Good trading profit in december 2019 ;) Feel to support for more market insight.
Information is only educational and should not be used to take action in the markets!
__________________________________________________________________________________________________________________________________________________________________
ETHUSD - Pick up the money?! Setting up for a BIG MOVEHello traders investors and community, today I share with you my opinion on ETHUSD and what will be the next.
The second-largest cryptocurrency is trading downwards in a channel, we will touch 50 and 100 EMA before falling again.
We have a falling volume what is always a characteristic of market change and big moves coming.
As you can see in my chart, there is support at 120 - 130 if we touch this support and get good volume and good momentum the scenario seen in my chart is likely to happen.
For my point, I will open a short position in ETHUSD when coming to local resistance and touching support zone cover my SHORT and open LONG position.
The actual setup is also excellent for SHORT on short to middle term because ETHUSD will highly likely fall more.
The information provided is only educational and should not be used to take action in markets.
Feel free to comment with your opinion and support.
"I wait until the money is ready and I just have to go there to pick it up. In the meantime, I do not do anything."
BTCUSD - Ready for the storm? Trading in huge bear-flag! _______________________________________________________________________________________________________________________________________
Hello traders investors and community, there are some interesting things going on with BTCUSD which i want to explain today. We have seen BTCUSD con-
solidating the last days and weeks in the range between 9000 and 13700, this would not hold on forever! As momentum and volume decreases there will be
an shift in price movement, either up or down.
_______________________________________________________________________________________________________________________________________
As you can see in my chart, looking on the 4-hour chart, BTCUSD is moving in a huge channel. Which i detected as a bear-flag. After we had the top at 13700
supply entered the market and BTCUSD felt down to 9200, where its consolidating now and forming a bear-flag. Those patterns are known to break in the di-
rection its origin is, in this case to the downside.
_______________________________________________________________________________________________________________________________________
The RSI is forming some bearish divergence, i am expacting it to touch the oversold region before we go down, also you can see that the 200 and 50 EMA for-
med a bearish cross-over. The 200 EMA is important in this case because we hold it steady in the recent up-trend, you can see it was touched several times
before it felt down and formed the bearish cross-over.
_______________________________________________________________________________________________________________________________________
Also, you can see in my chart, the percentage price projection of the bear-flag that will be intact when we confirmed the bear-flag. Of course this pattern
can also confirm to the up-side (fake bear-flag), but normally it confirms in the direction where it came from, i give the bearish scenario a probability of
75 %. In my chart you can see also the blue trend-lines in which we are trading right now, i am expecting that we will stay in this range till the bear-flag
target has reached. From there we have to look and wait for more information, i would be cautios of opening LONG positions here! A possible scenario
after the bear-flag target has reached would be a second bear-flag!
_______________________________________________________________________________________________________________________________________
This pattern can be either traded aggressive with a immediate SHORT entry, an entry in the sell zone (neutral), or conservative with waiting on confirmation
of the bear-flag. I prefer the second and third scenario with waiting on confirmation of the bear-flag! I will look for a possible entry in the sell-zone and will
add to position in the conservative entry-zone when the bear-flag has confirmed.
_______________________________________________________________________________________________________________________________________
I hope everybody enjoyed my view! May all happiness and luck come to you! Feel free to give a follow or like to support my further analysis!
This information is only educational and should not be used to take action in the markets!
_______________________________________________________________________________________________________________________________________
CRYPTOMARKETCAP-What to expect from the next months?!______________________________________________________________________________________________________________________________________________
Hello traders, investors and community! There is an interesting and exciting pattern which i want discuss with you.
The cryptocurrency market is in a rise right now but what can we expect from the next months/year?!
We are looking on the daily chart of the Crypto total marketcap,
i have taken the wick and last volume line from the chart to have a better view on things happening in the chart and the formation in progress.
As i told already in later analysis there is an correction expected coming up the next weeks.
After retest of the 368 billion level i am expecting a pull-back from that level.
______________________________________________________________________________________________________________________________________________
In my chart you can see an huge inverted head and shoulder formation forming marked with grey arrows and light greene curves.
There is a high potential for the right shoulder to form in the next months with the expected correction, you can see the support level between
200 - 230 billion marked with green trendlines, this is an important level because we had several bounces at this level in the past! Be aware,
when we cant hold this level and confirm it as support there is a scenario in which the cryptomarket can turn to the downside.
So it is an important level to watch at, when we cant hold the 175 to 200 billion range i see not mutch support below!
But however, this is not the scenario i am expecting.
After the correction to 200 - 230 billion i am expecting a consolidation in this area and an new uptrend forming from there you can see it in my chart
marked with the light green curve. When this scenario kicks in and we can move above the blue trend line marking the neckline of the head and shoulder formation
i see 1.2 to 1.3 TRILLION in the future! BUT this must be with good volume and a bullish candle or an bullish candlestick formation with good momentum friends.
There is a target in my chart which is then expected and to look at!
______________________________________________________________________________________________________________________________________________
Thank you everybody for watching traders, i hope you enjoyed, i will update later, follow for more insight information!
May all the happines and luck come to you! Peace.
______________________________________________________________________________________________________________________________________________
LTCUSD - bears looking to the ground! Hello traders and community! Looking on the current cryptomarket situation, LTCUSD is forming an interesting pattern which is worth to look at. On the daily timeframe you can see that LTCUSD is forming an triangle-formation. This is a pretty worthy signal because we have several factors which make clear that LTCUSD will make some more legs down. In my chart you can see that LTCUSD already confirmed the blue trend line and is now in a triangle-formation which normally in this situation breaks to the downside. The blue trend line is important because it is a 202 days old one which is broken now! In my chart you see the 38.2 % retracement of the overall bullish trend LTCUSD set in the past, it is also the triangle target! So two important levels to look at. The 38.2 % retracement is also an important psychological price level at 100 USD, normally at those price levels support and resistance is found! After this target is reached, (which is highly possible that it does) we have to look what LTCUSD does next. There are two other meaningful levels which LTCUSD may reach in the future! Once it is the 50 % retracement and second the 61.8% retracement of the recent bull move. This formation can be traded in several ways, there is an aggressive approach with immediate entry without waiting for confirmation, there is also an conservative approach to wait until the triangle has confirmed and broke out. The second option would be smarter because it is possible that the triangle breaks to the upside which it rarely will do! After a confirmation of the triangle down i will look for a good entry to place a short position. Other people may be bullish on LTCUSD now but at my point i cant see a decent long opportunity here!
Thank you for watching! Of course this is only educational information and should not be used to buy or sell in the markets! Peace and love to everybody! ;D
Consolidated or Channeled??? - EGHere I have EUR/GBP on the 4Hr Chart!
Price seems to be stuck in Consolidation but with a closer look, there tends to be a slight Rising Channel in the mix!!
I suspect Next Week (Feb. 11th - 16th) we will see massive movement in this pair simply because of how heavy GBP is with news those days!
Now initially this looks like a potential Bear Flag to me with this PA happening after a strong decline!
BUT
Being unbiased, if Price does find its way down to the Support Area, being unable to break and news for GBP comes in Negative, we could see EUR gathering Buying Pressure and price heading up!!
Fundamentally the 11th-16th:
EUR - Clear
GBP - Gov Bailey Speaks (Mon), Claimant Count Change & AHE (Tue), CPI (Wed), GDP (Thu), Retail Sales (Fri)
Bitcoin is going much higherBitcoin has reclaimed the range eq and swinging to the range high.
I'd like to see a little correction toward the eq over the coming days, with a following reclaim of the ranges upper quarter eq and consolidation before breakout.
Either we get this setup, or BTC smashes the range high and continues upward imo.
Exciting times.
Vatsik
GOLD → Support retests continue. Weak fundamental backgroundOANDA:XAUUSD on the background of news on Thursday is declining, but does not reach the local minimum. On the background of the pullback the price also does not reach the local maximum. The range boundaries are narrowing.
The fundamental background for gold still remains and is relatively negative at the moment. On the chart above we can observe a difficult situation in XAU. Volatility is very low, the price has been standing still for two days, as evidenced by the D1 candlesticks of Wednesday and Thursday.
Technically, we can observe a global uptrend, but at the moment we should pay attention to the symmetrical triangle. The price continues to test the trend support. Each new retest of the support forms a weaker and weaker reaction, the price continues to squeeze against the support. Technically, we can assume that the market is preparing to break the lower trend boundary, which can form a volume surge and a strong momentum towards the lower levels, such as 2000. Fundamentally, although we have high interest in the metal, but locally, the fundamental background is weak, as evidenced by this week's news.
Support levels: 2029.7, 2020, 2015 2004
Resistance levels: 2039 - 2942
It is logical to expect a decline based on the current data, from the opening of the US session, the market may test resistance before falling
TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
BTCUSD → Consolidation after the rally. What's next?BINANCE:BTCUSD is in the uptrend phase, actively and quite confidently holding back all negative news. The price is forming a retest of 43250, realizing price consolidation above the 50-day moving average.
Pic: Uptrend. Price is testing the trend boundaries, but continues trading inside the range
The market continues to form an uptrend since the formation of the bottom in the market. At the moment we see the formation of a sideways range 44500 - 40225, which at the moment plays the role of consolidation. Short and long squeezes, shakes relative to the range boundaries indicate a phase of strong accumulation of potential before further movement in one or another direction. Based on the technical and fundamental component, the market seems to be preparing to continue its growth.
The area of 42000 is technically important for the market in the medium and long term, as evidenced by the 2-month sawing ( consolidation ) of this area, which divides the market plane into two areas ( bearish and bullish ), but as we see the price is trying to strengthen above this area to form a strong support area before further growth.
Pic: Level 42,000. Price consolidation at the level.
Fundamentally, BTC is quite a strong asset.
GBTC outflows continue but in much smaller volume, net inflows into ETFs are higher than outflows.
A new problem in the US, which can play into the hands of BTC, is the situation in the US banking sector, the topic again concerns bankruptcies.
In March 2023, the Fed started printing in response to problems in the banking sector, and BTC was perceived as a safe haven. Accordingly, the restart of the Fed's printer will increase interest in BTC, which may favorably affect the crypto asset's capitalization.
Support levels: 42000, 40222, 38500
Resistance levels: 43250, 44500
The trend is bullish, technically the asset is quite strong - this conclusion can be made based on the strong consolidation after the rally. The market is starting to prepare for halving, against this background, the price may test the support zone before further growth. But, based on the overall data, in the medium and long term, the growth of the crypto asset may continue.
CRYPTO:BTCUSD CRYPTOCAP:TOTAL CME:BTC1!
Regards R. Linda!
Sideways Setup on GoldHere is a classic set it and forget it trade for any sideways market.
Just remember to take a small risk and only trade this strategy in a sideways market.
I have this entire strategy written out with step by step instructions.
Click the link in my profile and I will send it to you.
Enjoy!
Chris Juliano
TrendCloud Trading
GBPUSD → What could free the price from the sideways range?FX:GBPUSD is in a flat range condition. The whole market has been standing still lately, which complicates trading due to the lack of safe zones to open trades.
Yesterday was an interesting trading day in terms of outlook. The news from FED & FOMC defined a rough medium term outlook for the dollar, so we can use this information. There is just as much important news today.
Technically, the odds are higher for the currency pair to change its trend from a sideways market to a downtrend. This scenario will be able to realize a break of the support at 1.2615, but, within the range, the price may stay for a long time, until a stronger factor appears, which will free the price.
Resistance levels: 1.2784
Support levels: 1.2615
Today's news could also raise the volatility in the market. If the Dollar ( TVC:DXY ) continues to get support, but the pound will break the area of 1.2615 and the price may head towards our targets.
Regards R. Linda!
BTC Market Update 5th February In the latest analysis post, I've closely examined the performance of Grayscale Bitcoin Trust (GBTC) with a particular focus on recent liquidity movements. Over the past week, spanning five trading sessions, a noticeable deceleration in the rate of daily outflows from the trust has been observed. Specifically, the average daily outflow rate has contracted by +20%, indicating a substantial reduction in the volume of withdrawals.
Since its inception, Grayscale's Bitcoin exposure has significantly diminished, registering a reduction of 127,000 BTC, equivalent to a 20.5% decrease in its holdings. This contraction can be attributed to various factors, including the liquidation of positions by discount buyers, the unwinding of assets by the FTX estate, and a notable shift by investors towards more cost-effective ETF options available in the market.
Regarding Bitcoin's market direction, my analysis suggests a period of consolidation before any potential upward momentum. Currently, there are no discernible indicators hinting at an imminent downturn in Bitcoin's value; the market conditions appear stable and ready to grow. This stability holds significance for the crypto market, as historical patterns indicate that an increase in Bitcoin's price often precedes similar uptrends across the broader altcoin market. In essence, when Bitcoin's price rises, it tends to have a ripple effect, elevating the value of other coins.
The intricate interplay between Bitcoin's liquidity movements and its price dynamics, coupled with the subsequent impact on the altcoin market, underscores the complexity of the cryptocurrency investment landscape. Having a long exposure in the consolidation range is considered a favorable entry point, especially for portfolios without existing long exposure.
GOLD → How can NFP affect the price of gold?FOREXCOM:XAUUSD is updating highs but continues to be inside a sideways movement limited by resistance at 2065 and support at 2020. The market is in the waiting phase for NFP.
Quite an interesting situation this week. The asset is forming a retest of 2062 resistance on D1, but below is a strong support at 2050-2048, which hides a large pool of liquidity behind it. There is a chance that the price may retest this area before or on the backdrop of the news. In the mid-term, it is expected to rise as we have a chance to see NFP below 216K published in December. Technically, gold is in consolidation between 2058 - 2048, a classic situation where the market does not know what will happen.
The price is restrained by the resistance of the range 2058-2064, if this area is broken, the distribution to 2078-2088 may be formed. And already below 2030 a panic zone is formed, which, from a theoretical point of view, the price can also test in order to get rid of an unnecessary passenger before further movement of the train.
Support levels: 2048.8, 2039.4, 2030
Resistance levels: 2058.3, 2064
Based on the data, we have a high but not 100% chance that NFP may show bearish data for the US market, which could be positive for gold. But! The unpredictability of the news is not canceled!
TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
🇬🇧 GBPUSD 🇺🇸 - Waiting for distribution from consolidationGBPUSD may show further growth. There are several reasons for this, including the positive geopolitical and fundamental background for the Pound. NFP could be bad on the back of US jobless claims increasing, which could affect the employment rate.
Reasons for further gains:
1) Today will be NFP. Expect the data could be bad for $
2) Price breaks local resistance
3) Consolidation of price above PDH and above 1.2750
4) Bullish trend and strong consolidation
🇪🇺 EURUSD 🇺🇸 - Trend and structure change EURUSD may continue its decline amid economic instability. The dollar index is strengthening on market manipulation by the Fed. The regulator is not going to reduce the interest rate early.
The euro is declining against this background, showing some weakness.
Reasons for the decline:
1) Market structure is changing
2) The previously broken trend plays into the hands of bears
3) price does not update local maximums
4) The market is under pressure from above, on the background of growing dollar.
5) Retests of local lows
Usd still pretty much in that rangeHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Since USD is still in that range, just playing along with it using your mean reverting or swing trade strategies on USD majors such as EU or GU.. No trending move so far...it is what it is...just adapt :)
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
IOTXUSDT → The pair may rise to 0.065. Waiting for confirmation BINANCE:IOTXUSDT is showing bullish momentum amid a correcting cryptocurrency market along with the flagship. The price is trying to break trend resistance. What can come out of it?
On the high timeframe, the price forms a false breakout and a small correction relative to 0.04400. A retest is formed and the price returns to the resistance. On the background of pre-breakdown consolidation and another retest, the market has chances to break this line. Consolidation of the price above 0.04400 will show a bullish potential for purchases.
On H4 we see a local downtrend and the price going beyond the resistance, which is a good signal for the medium term. The next hurdle is to overcome 0.04400.
On H4, the price is trading above MA-50 and a retest of MA-200 is formed.
Support levels: MA50, 0.04110, 0.03900
Resistance levels: 0.0440, 0.04888
There is a signal for a possible growth of the cryptocurrency pair, but to confirm this signal the market needs to overcome 0.0440 and consolidate the price above this line.
Regards R. Linda!