BTCUSDT.1DThe daily chart for Bitcoin (BTC/USDT) illustrates a downward trend with a descending trendline that marks the resistance level (R1). Currently, Bitcoin is priced at $60,082.01, with a significant support level (S1) at $63,097.93, which it has recently broken through. The next support levels are at $59,065.59 (S2) and $56,226.29 (S3).
The resistance marked by the descending trendline and the resistance level (R2) at $74,007.06 highlight areas where sellers have previously entered the market, capping upward price movements. The price failing to maintain above S1 suggests that the bearish momentum may continue.
The RSI is at 36.25, which is close to being oversold, indicating that the market could potentially see a reversal or at least a temporary halt in the downward momentum if buyers step in. The MACD is below zero and shows a continuation of the bearish momentum as the histogram bars are expanding in the negative territory.
For traders, monitoring the price action near the next support levels (S2 and S3) could be critical. A rebound from these levels could provide long entry opportunities, ideally with confirmation from bullish divergence in the RSI or a bullish crossover in the MACD. If the price continues to decline through these supports, it could indicate a stronger bearish trend with lower targets in view. Conversely, a break above the trendline and R1 could signal a potential reversal to bullish conditions, targeting higher resistance levels.
USDT-D
BNBUSDT.4HThe 4-hour chart for Binance Coin (BNB/USDT) shows that the price is currently oscillating within a relatively tight trading range. The price is currently at $569.6, with the chart indicating a primary resistance (R1) at $649.1 and a strong support (S1) at $490.8. A secondary support level (S2) is identified further down at $349.9.
The price has rebounded multiple times from the support level at $490.8, suggesting strong buying interest at this price point. Conversely, resistance at $649.1 has capped upward movements, indicating significant selling pressure at this level.
The RSI indicator is in the middle of its range at 36.25, suggesting a lack of strong momentum in either direction currently. The MACD is slightly below the signal line, indicating a slight bearish momentum but not significantly so.
For trading, watching how the price interacts with these key levels would be crucial. A break above $649.1 could signal potential for a further upward movement, possibly targeting the previous high near $645.2. Conversely, a break below $490.8 could lead to a test of the lower support at $349.9, indicating a stronger bearish sentiment. Traders might consider positions based on the breakout direction from these key levels, ensuring to use proper risk management strategies to protect against unexpected moves.
LINKUSDT.1DThe daily chart for Chainlink (LINK/USDT) indicates a recent bearish trend, as highlighted by the descending trendline, with the current price at $12.995. The chart showcases a resistance level (R1) at $16.577, beyond which R2 and R3 are marked at $21.477 and a high near $22.868, respectively.
The primary support level (S1) is set at $12.205, which is crucial for maintaining the current bearish structure. If the price breaks below this support, it could lead to further declines, potentially testing lower supports not identified on the chart.
The RSI is near the oversold territory at 38.28, suggesting that the market might be nearing a point where a reversal could occur if buyers step in. The MACD is below the signal line and in the negative zone, reinforcing the bearish momentum indicated by the price action.
Traders may consider looking for buying opportunities near the support level if bullish signals emerge, such as a bullish divergence on the RSI or a crossover to the upside on the MACD. Conversely, a break below S1 might be used as an entry point for short positions, with the expectation of further declines. A break above the descending trendline and resistance at R1 could suggest a potential reversal, targeting higher levels up to R2 and R3.
🔥 Bitcoin Copying 2019? Massive Dump PotentialIn this analysis I want to discuss the possibility that Bitcoin is copying the 2019 mid-cycle bull-market and the following bear market.
I don't see this as the most likely scenario, but it's still a scenario that can happen one way or another.
As seen on the chart, Bitcoin saw a massive ~370% gain after bottoming in November 2022. A similar gain was achieved back in 2019, which ended up in a ~70% drop. I'm aware that the majority of the drop was caused by the COVID-dump. But, since the post-COVID bull-market also followed previous market patterns I don't see why we can't have a 70% dump again.
A 70% dump from the 74k top would result in a move towards ~22k, a major hit for crypto as a whole.
Furthermore, this would strongly diminish the probability of BTC topping out in Q4-2024 as mentioned in my analysis below.
Maybe this cycle is going to be different all together? We reached a new ATH before the halving for the first time ever, so chances are that the cycle-theory is dead and that BTC is behaving as a highly volatile stock?
Interested to hear your thoughts!
HelenP. I Ethereum can make small move up and then fall to $3065Hi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price recently traded between the support level, which coincided with the support zone, and later broke this level and declined to the trend line. After this movement, ETH rebounded from the trend line and made impulse up higher than the 3065 level, breaking it one more time and starting to trades in consolidation, where Ethereum in a short time rose to the resistance level, which coincided with the resistance level. Then price rebounded from this level and declined to the trend line, and even later declined lower this line to the support level, but at once rebounded and made a strong impulse up to the 3290 resistance level and broke it. After this ETH a little rose, after which turned around and in a short time declined below the 3290 level, breaking it one more time. A not long time ago Ethereum fell to the trend line and broke it too. So, now, ETH trades near the trend line and I expect that the price will continue to decline to the 3065 support level, but firstly it makes a little move up. That's why my target is its support level. If you like my analytics you may support me with your like/comment ❤️
Binance Coin can continue to decline to 565 support levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a not long time ago started to rise in the upward channel and soon broke the support level, which coincided with the buyer zone. Inside the channel, BNB rose to a resistance level, which coincided with the seller zone, and soon rose even higher, breaking the 616 level. But later BNB turned around and made a strong impulse down to the support level, exiting from the upward channel and starting to trades in a triangle. In this pattern, the price soon broke the 565 support level and declined to the support line, but BNB at once turned around from the support line and in a short time rose to a higher support level, breaking it again. Next, BNB continued to move up and later reached the resistance level, after which rebounded and declined lower the support line, thereby exiting from the triangle pattern. Now price continues to decline and in my opinion, Binance Coin can make a small move up and then continue to decline to the support level. For this case, I set my target at the 565 support level. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can break support level inside falling channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A not long time ago, price declined from resistance line to support line, breaking $61300 level, which coincided with support area.
But soon, BTC turned around and made upward impulse to $65200 resistance level, making a fake breakout.
Later price in a short time broke resistance level, which coincided with resistance area and rose to resistance line.
Then price turned around and started to decline in falling channel, where BTC broke $65200 level with support line.
At the moment, price continues to decline inside channel and I think Bitcoin can make a little movement up.
After this, BTC can bounce from resistance line and fall to $59850 support line, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
#USDT Important update , Must Read!🚨 Key Alert for #USDT 📈 : Keep this chart in your sights!
A sustained break above this crucial level could signal extended bearish trends in the market.
Expect red in the coming weeks, perhaps even months if this happens.
Regardless of the current altcoin trends you're observing, the data on this chart could significantly alter almost any bullish interpretation you encounter.
It's crucial to remain vigilant and always seek confirmation before executing any trades.
While my previous charts suggest a potential for further upward movement, the extended timeframe for this development is leading me to reconsider—perhaps a correction is looming.
However, a false breakout followed by a breakdown is all people are wishing for a green market!
I know I've been posting this USDT chart more often so you understand the significance of this chart. I hope you appreciate that with a simple like!
Please Do your own research (DYOR); this is not financial advice.
Stay tuned for more updates!
#Crypto #Bitcoin
Stay safe
#PEACE
CELOUSDT.1DThe daily chart for Celo (CELO/USDT) displays a price structure that is forming a descending triangle pattern, which is often interpreted as bearish. The price is consolidating, with resistance (R1) at $1.1449 and a flat support level (S1) that seems to have been tested multiple times.
The price at the moment of the chart was $0.8488, and if the price breaks below the support level, it could signal further downward momentum. The resistance line, currently at $1.1449, is the level to watch for a potential bullish reversal if the price were to break through.
The RSI is leaning towards the lower half at 43.25, suggesting that there might be more room for downward movement. The ADL line is relatively flat, suggesting that there is not a clear trend in terms of accumulation or distribution.
Traders might look for a break below S1 as a confirmation of the continuation of the bearish trend, possibly with a target set near the previous lows or lower. If the price breaks above the resistance line, it could invalidate the bearish pattern and suggest a potential change in trend, where R2 would be the next target. As with any pattern, confirmation with increased volume on the breakout would provide additional
PEPEUSDT.1DOn the daily chart for PEPE (PEPE/USDT), we can observe that the price action is confined within a descending channel pattern, highlighting a downtrend with lower highs forming along the resistance line. The current price is near $0.0000745.
The chart shows resistance (R1) at approximately $0.0000946. If the price were to break above this level, it could signal a potential shift in market sentiment, possibly leading to a trend reversal. Support (S1) is set around $0.0000387, suggesting a critical level where the price has previously found buyers.
The RSI is near neutral at 56.23, indicating that the market isn't in an overbought or oversold condition. The ADL (Advance Decline Line) indicator shows a slight incline, which could be interpreted as accumulation despite the price decline, but this requires further confirmation.
Traders may consider looking for buy signals if the price approaches S1 and shows signs of a bounce, potentially targeting R1 as an initial take-profit level. Conversely, a break below S1 could suggest further declines and might be taken as a bearish signal. As always, confirmatory indicators and volume should be taken into account to validate any potential trading signals.
ATAUSDT.4HThe 4-hour chart for Automata (ATA/USDT) shows a price attempting to stabilize after a recent drop. The current price is around $0.2453, with a strong resistance level (R1) indicated by the downward trendline. There’s a support level (S1) at $0.1224, which seems to have held through recent tests. A secondary support level (S2) is not clearly marked on this chart.
The RSI is slightly above the midpoint at 61.97, indicating a bit of bullish momentum in the short term. However, the MACD is quite close to the signal line, suggesting that there isn’t a strong momentum in either direction.
Traders might watch for potential bullish signs, such as a break above the trendline resistance R1, which could open the way for a move towards the previous high around $0.2994. Alternatively, a failure to break the resistance could lead to a retest of the S1 level. It would be wise to consider volume as a confirmation for any potential breakout or breakdown.
ARKMUSDT.1DThe daily chart for ARK (ARKM/USDT) exhibits a descending channel pattern, suggesting a downtrend where the price is making lower highs and lower lows. Currently, the price is at $2.102, showing some stabilization after a decline. The RSI is neutral, sitting close to the midpoint at 50, which suggests indecision in the market.
Two resistance levels are marked: R1 at $2.6027 and R2 at $2.9822. If the price were to break above R1, it could signal a potential reversal of the current downtrend and test R2. Support levels are established at $1.9390 (S1) and a further support at $1.2776 (S2), which might serve as accumulation zones for buyers.
Traders could consider the upper boundary of the channel as a potential area to take short positions, with a stop loss above R1. On the flip side, a break above R1 could provide a bullish signal, and traders might look for long positions with targets at R2. It's important to look for confirmatory signals such as an increase in volume or a bullish crossover on the MACD before entering trades.
🔥 Bitcoin Going Nowhere: Waiting For Clarity!Bitcoin's has practically not moved over the last two weeks. Zooming out, BTC has been trading within a bearish channel since the start of March.
I've made several bearish posts before, where I expected the halving to turn out to be a sell-the-news event. Thus far, that expectation has not really played out yet, which is good for the bulls.
We cannot deny the fact that the long-term trend is still bullish, with a bull-flag scenario being a reasonably possible outcome.
Still, there's nothing to say as long as BTC trades within the supports and resistances drawn on the chart. Market has been incredibly choppy, so the only ones that are making consistent money are the market makers.
I'm waiting for clarity.
Ripple can exit from triangle, make retest and continue to riseHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago reached a resistance level, which coincided with the seller zone and broke it, after which started to trades in the range. Inside the range, the price rose to the top part and then turned around and declined lower than the 0.6085 level, thereby exiting from the range. After this, Ripple turned around and rose higher than the resistance level and started to trades in a triangle, where it rebounded from the resistance line and made a strong impulse down to the support line, breaking 0.6085 and 0.5065 levels. Then price turned around and made an upward impulse from the support line of the triangle to the support level, which coincided with the buyer zone and later finally broke the 0.5065 level, after which reached the resistance line of the triangle. But recently it rolled down from this line to the support line, where at the moment continues to trades near. For this reason, I think that Ripple can reach the resistance line, and break it, thereby exiting from the triangle and making a retest. After this, XRP will continue to move up, therefore I set my 1-st TP at the 0.5745 level. Please share this idea with your friends and click Boost 🚀
ETHEREUM - Price can continue to rise to $3445 resistance levelHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to rising channel, where it reached $3445 level, which coincided with resistance area.
Soon, price broke it and rose to $3728 points, exiting from channel and starting to trades in wedge.
Inside wedge, price made downward impulse from resistance line to support line of wege, breaking $3445 and $3015 levels.
Later ETH turned around and rose higher $3015 level, making fake breakout and some time trading near $3015 level.
Then price some time traded in wedge and recently in bounced up from support line, thereby exiting from wedge.
Now, I think Ethereum can make a small correction and then continue to rise to $3445 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Bitcoin can make little correction and continue growHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price declined to the support level, but soon turned around and made an impulse up to the resistance zone, after which at once rebounded down, making a fake breakout of the 66500 resistance level. Price fell to the support level, which coincided with the support zone, some time traded near and later broke the 62500 level. After this movement, BTC declined to the trend line, but at once rebounded and rose higher support level, after which in a short time Bitcoin fell back to the trend line. Later price broke the 62500 support level again and continued to move up to the resistance level, and when BTC reached the 66500 level, it entered to resistance zone. Price some time traded in this area and later turned around and made impulse down, broke the 66500 level again, and soon trend line too. After this movement, the price tried to rise, but failed and in a short time declined to the support level, where a not long time ago it rebounded and started to move up. So, just now, I expect that Bitcoin will make a small movement down and then continue to grow. For this case, I set my goal at 65500 points. If you like my analytics you may support me with your like/comment ❤️
#USDT Tether Update and Altcoins!#USDtether Considering this scenario plays out, you'll see green across the market, especially Altcoins!
I am working on a list of Altcoins you must consider adding to your portfolio with charts and deep fundamental analysis.
Previously the Alts like CREO ML ORAI AITECH did 5x to even 40x!
If you want me to make it public, like this post and retweet.
200 likes, and I'll consider posting the private list of gems!
#Crypto #Bitcoin #USDT
USDT.DOMINANCE CHART UPDATE BY CRYPTOSANDERS !!Hello, welcome to this usdt.dominance update by CRYPTO SANDERS.
Analysis of #USDT Dominance:
USDT.D has experienced a decrease subsequent to the breakdown of the ascending triangle pattern. The Ichimoku cloud suggests a prevailing bearish trend. Presently, it faces resistance at the Moving Average (MA) 200.
A potential scenario could involve rejection from this juncture, while a clear breakout above the MA 200 would indicate the onset of bullish momentum. It's crucial to acknowledge that USDT.D typically exhibits an inverse correlation with the broader cryptocurrency market.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BNBUSDT - Price can make small move up and then continue fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price declined to support level, which coincided with support area and at once bounced up.
When BNB reached resistance line, it turned around and in a short time declined below $537 level.
But then, price turned around and started to grow inside rising channel, where BNb broke $537 level one more time.
Later, price rose to $605 level, and even soon entered to resistance area, where BNb some time traded.
After this, BNB bounced from this area and declined lower $605 level, breaking it and recently even exiting from rising channel.
Now, I think that Binance Coin can make small move up and then continue to decline to $555
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Ripple can continue to decline to $0.4670 levelHi folks today I'm prepared for you Ripple analytics. If we look at the chart, we can see how the price a not long time ago rebounded from the resistance level, which coincided with the resistance zone and made a strong impulse down to the trend line, thereby breaking the support level. But soon, XRP turned around and in a short time rose higher 0.4670 level, breaking it again and later making a retest. After this, it some time traded near the support level, after which it made a correction to the trend line. After correction, Ripple rebounded from the trend line and started to rise to the resistance level, and when the price reached this level, it entered to resistance zone. Price some time traded in this area, after which turned around and made an impulse down to the trend line, breaking the 0.5435 level. Soon, the price broke the trend line too and declined lower, and now XRP continued to move down, so, for my mind, Ripple will continue to decline to the support level. That's why I set my target at the 0.4670 level. If you like my analytics you may support me with your like/comment ❤️
Bitcoin can exit from pennant, turn around, and then start riseHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago reached the 68800 level, which coincided with the seller zone and soon broke it, after which continued to move up. Later, the price rose to the resistance line and then at once made a downward impulse to the support line, which coincided with the support level and buyer zone, thereby breaking the 68800 level again. Then the price started to rise to the resistance level, and when BTC reached it, the price broke it one more time and rose to the resistance line, but then Bitcoin at once bounced down to the support line, breaking the resistance level. Next, the price rebounded from the support line and made an impulse up a higher resistance level with line, breaking them, after which BTC turned around and started to decline inside a downward pennant. Inside the pennant, the price broke the 68800 level, and soon the support line too, after which Bitcoin fell lower buyer zone to the support line of the pennant, breaking the 61500 level as well. But a not long time ago price turned around and made an impulse up to the resistance line, making a fake breakout of the 61500 level, after which BTC rebounded from this line and fell to the support line. Now, the price continues to trade near this line and I think Bitcoin can exit from the pennant and decline to the support level. After this movement, the price will turn around and start to grow, therefore I set my target at the 65800 level. Please share this idea with your friends and click Boost 🚀
#US DOLLAR ANALYSIS BY CRYPTOSANDERS !!
US Dollar Weekly Update.
The US dollar has experienced a surge after breaking out of the symmetrical triangle pattern. Presently, it has surpassed the Ichimoku cloud and is facing horizontal resistance. The Relative Strength Index (RSI) suggests an overbought condition.
A potential rejection appears likely, whereas a significant breach of the horizontal resistance would validate bullish momentum. It's important to consider its typical inverse correlation with the cryptocurrency market.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.