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
This downtrend appears to have reversed in the near-term, with IV more than tripling since the low of ~30% in October, to over 97% this week. With spot ETF products opening new doors for both institutional and retail capital, it is likely the volatility profile of Bitcoin will also start to evolve.
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The cryptocurrency market cap is holding a support area and is trading within a broadening uptrend channel. The support level is maintained, indicating investors' confidence in the market.
Читать полностью…The market for Bitcoin remains unchanged and the cryptocurrency is currently trading below the trendline. The support level has not shifted and there is a possibility that we may witness another downturn. The Grayscale ETF is currently selling BTC and this is contributing to the selling pressure in the market. We will have to wait and see how the market behaves in the upcoming week. It is advisable to use a stop loss in all trades.
Читать полностью…CHR analysis:
The price has been rejected from the resistance area, which indicates that it may test the support level in the upcoming days. To take advantage of this, you can place your orders near the support area and wait for the market to move in your favor. It's worth noting that CHR has a lot of big news coming up this year.
Support Area: $0.187-$0.192
Resistance Area: $0.288-$0.296
Bitcoin is currently attempting to break through a resistance area but has been turned away several times. We may see BTC test the $40,000-$42,000 zone to accumulate before any further moves are made. It is recommended to use tight stop loss in any open positions and keep an eye on the $40,000 level.
Читать полностью…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
XEM Analysis :
XEM giving some strong rejections from the major resistance zone of $0.044 - $0.045 but in H4 its looks like a breakout and HTF says its fakeout now. Price now expected to reach the a flip zone/ support zone of $0.040 - $0.041, which seems to be a strong area for buys and go with the trend. Look for a rejection and closure to get into the trend.
BCH now on its verge to break the trendline, which price was hodling for a long and standing strong too. Incase of price breaks and close below the zone trendline then you can go with the shorting setup on the rest of the trendline.
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KDA Analysis :
KDA rejected both side of the $1.35 - $1.43 and Support zone of $0.88 - $0.94 and ranging. Price kinda stuck inbetween and forming a triangle pattern which tend to move the next momentum. Right now, its better to wait for the Breakout and then look for potential setups.
BOND analysis:
The price has been testing the resistance area several times, indicating a possible breakout. Additionally, there is a small uptrend line that serves as a support area. To get a better idea of market movement, we should watch for a price close above the resistance area before entering new positions. This could lead to a good opportunity to buy.
Resistance Area: $3.50-$3.68
The price of XTZ has been moving upwards as anticipated, resulting in long positions generating over 40% profit from our entry. However, it has been unable to close above the resistance area and is currently trading below it. There might be another attempt to break above this resistance area.
Читать полностью…