SPELL analysis:
It appears that the price has broken below a major support area, indicating a potential continuation of the downtrend. Consider placing buy orders in this support area and waiting for a possible reversal.
Major Support Area: $0.000378-$0.000417
Resistance Area: $0.00051-$0.00053
The funding rate premium for ETH futures is relatively higher than Bitcoin's, indicating a greater risk premium for Ether. Over the past three months, ETH funding rates surpassed BTC's, but there hasn't been a significant increase recently. This suggests a lack of substantial speculative interest in expecting higher price movements for Ether. Notably, spikes in the ETH-BTC funding rate spread above its 1-year average tend to align with local peaks for ETH prices.
Читать полностью…QUICK analysis:
Price is trading in a downtrend and we may see a move towards the support area. This is no trade zone and it is better to wait for some time for new entries.
Support Area: $0.0436-$0.045
Resistance Area: $0.053-$0.055
Don’t miss this chance to get #CVIP here 🚀
XT.com is going to launch #CVIP tomorrow at 13:00 UTC and guess what❓ They have set the opening price on XT exchange at 0.1$ That means you can still grab #CVIP at a bargain price
#CVIP have Partnership with Binance listed project #NULS and #DGB
Also they indicated regarding 10% supply burn and Tier1 #Cex listing on the way👍
Plus, #CVIP has many exciting collaboration’s coming up it will surely skyrocket in future 🚀
Buy and Hold for massive profits:
PANCAKESWAP - https://pancakeswap.finance/swap?outputCurrency=0xe5a46bf898ce7583b612e5d168073ff773d7857e
MEXC - https://www.mexc.com/exchange/CVIP_USDT
MATIC Analysis:
The price has formed a Head & Shoulders pattern on the daily timeframe, which typically signals a bearish trend. To avoid further downward movement, the price must hold the support level; otherwise, there's a potential for a decline towards the next major support area ranging from $0.495 to $0.515. If you're considering opening a long position, it's advisable to place your orders near the support area and implement tight stop-loss measures.
Support Area: $0.72-$0.75
Major Resistance Area: $1.04-$1.09
ADA has made a strong rebound from the support area, securing a remarkable gain of over 19% in our long position. It's advisable to raise your stop loss and maintain your long positions. With the current breakout from the resistance area, anticipate a move towards the significant resistance zone ahead.
Major Resistance Area: $0.588-$0.60
The BAND has bounced from the support area just as we expected. Our long position has generated a profit of over 17% since we entered the trade. If you have opened long positions, increasing your stop loss and holding the trade is recommended. We anticipate a move towards the resistance area shortly.
Support Area: $1.33-$1.507
Resistance Area: $1.84-$1.88
Bitcoin recently tested the local support area and experienced a bounce. The resistance level remains unchanged, and there is an anticipation of a potential test of this resistance level in the near future. It is also plausible that BTC may exhibit sideways movement within the local support and resistance areas.
Local Support: $41,580 - $41,800
Daily Resistance Zone: $43,000 - $43,500
The number of addresses holding a balance of more than 1,000 BTC is exhibiting a positive uptrend. This suggests the possibility that whales are accumulating near the $40,000 level.
Читать полностью…Bitcoin broke the minor structure and nearly testing the trendline as resistance. Weekend is in, and there're bunch of resistance up there at $42,000 - $43,000 mark. Alternatively, a tiny bit of rejection can occur and sideway is expected.
Local Support - $41,580 - $41,800
Daily Resistance Zone - $43,000 - $43,500
Bitcoin has successfully broken above the resistance area and is currently trading above it. There is a potential test of the trendline ahead, which will play a crucial role in determining the next move. The positive development is that BTC has reclaimed the $40,000 level. Expect some sideways movement before the next significant price action.
Читать полностью…Bitcoin is currently testing the resistance area, but the overall market structure remains bearish. No significant changes have occurred. We'll closely monitor whether BTC can break above this resistance area. The support level remains unchanged.
Читать полностью…Bitcoin Dominance has rebounded from the support and is currently testing the resistance area. There's a chance we could witness a rejection from the resistance zone, leading to a potential move back toward the support area. If Dominance moves towards the support area then we see a rally in altcoins.
Читать полностью…YGG analysis:
The current price is testing the support area and is trading near it. The presence of an uptrend line adds strength to this support. We may likely witness a rebound from this level towards the resistance area. You may consider opening small long positions with a tight stop loss.
Support Area: $0.404-$0.42
Resistance Area: $0.488-$0.506
GALA analysis:
Price is currently trading in a falling wedge pattern, and there is a big support area. It may result in a rebound from here, so you can open a small long position near the support area with a tight stop loss.
Support Area: $0.0195-$0.021
Resistance Area: $0.024-$0.025
DOT analysis:
The price has recently rebounded from the support zone and is now moving towards the resistance area. It remains to be seen how the price will react when it tests the downtrend line. If the price breaks above the downtrend line, it will likely continue to rise towards the major resistance area.
Major Resistance Area: $7.55-$7.90
Bitcoin is currently hovering near a resistance area, and we may witness a significant price movement in either direction soon. The selling pressure from Grayscale spot Bitcoin ETF has been decreasing. The support and resistance levels are unchanged. If the price breaks above the $43,500 level, it is likely to move towards $45,000.
Читать полностью…Bitcoin has once again reached the resistance area and is currently trading there. A successful break above this area will be a bullish sign, while a rejection could lead to a drop towards the local support.
Читать полностью…TRX analysis:
Price is trading in a rising wedge and we will see a break of this pattern soon. The rising wedge is a bearish pattern so better to use tight stop loss in all open positions.
Support Area: $0.100-$0.105
Resistance Area: $0.117-$0.121
ONG analysis:
Price is now trading at the support zone. There is a descending triangle formed on the daily timeframe. We are near the decision area and will see a breakout soon. Better to wait for a break on either side before opening any position in ONG.
Support Area: $0.30-$0.32
Resistance Area: $0.35-$0.36
Bitcoin is currently testing the daily resistance area and signaling a potential breakout. A bullish candle close above this level may propel the price towards the $45,000 level. Conversely, a rejection from this point could lead to a move towards the local support area.
Читать полностью…GRT is been rejecting the support area strongly and now kinda forming the Inverse Head & Shoulder Pattern, which is a reversal pattern. Now, price need to flip above the Structural resistance zone of $0.16, to turn the structure bullish and break of the pattern too. Setup can be taken in the retest after the breakout.
Читать полностью…STRAX analysis:
The price is currently testing the resistance area. A rejection from this level may lead to a downward movement towards the support area. It is not advisable to open new long positions in this zone.
Support Area: $0.735-$0.757
Resistance Area: $0.918-$0.955
GALA has broken the falling wedge pattern as anticipated and subsequently retested it. The long position has yielded approximately a 15% profit from our entry. It is advisable to increase your stop loss and maintain the long position. We are still anticipating a move towards the resistance area.
Support Area: $0.0195-$0.021
Resistance Area: $0.024-$0.025
ARKM analysis:
Price is gradually approaching the resistance area. Let's monitor how the price responds to the resistance zone and observe the market dynamics. A potential rejection from the resistance area may lead to a retreat towards the support region.
Support Area: $0.438-$0.46
Resistance Area: $0.55-$0.57
GALA has rebounded from the expected support area. If you're in long positions, consider raising your stop loss to the breakeven point. There's potential for a move towards the resistance area and a breakout of the falling wedge pattern. The support and resistance levels remain unchanged.
Читать полностью…BAND Analysis:
The current price of BAND is approaching the support area, indicating a potential test of this zone in the near future. Placing buy orders within the support area could be considered. There is a possibility of a subsequent move towards the resistance area.
Support Area: $1.33-$1.507
Resistance Area: $1.84-$1.88
Bitcoin is making an effort to stay above the $40,000 level, but it has faced rejection. Despite this, the overall market conditions remain unchanged, and we anticipate a continuation of the downward trend. It's advisable to maintain tight stop-loss orders for all open trades to manage potential risks. Stay vigilant in monitoring the market for any shifts in dynamics.
Читать полностью…Bitcoin continues its downward movement and cannot go above the $40,000 level. We are still expecting a test of the lower support area. Wait for some time for new long entries.
Читать полностью…SOL failed to hold the support area, leading to continued downward movement. If you have long positions, consider cutting near the breakeven point when the price retests. The next support zones are mentioned.
Local Support Area: $76.2-$79
Major Support Area: $62-$66.5