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🕶Just providing analyzes on regular basis. #Crypto #Alts 📲 @cyberdavid1 Not Financial Advice
#ETH
Ethereum is trading inside a bullish pennant consolidation pattern💁♂️
If price can break out above the pennant, it could continue moving higher📈
A potential upside breakout target is the $3,000 resistance level🎯
#LTC
Clean breakdown below trend, will open space to move towards lower support🧐
Target of $61 likely to be reached after bearish breakdown🎯
#ETH reached a high of $2,391 before facing rejection and selling pressure from bears🐻
If the bearish pressure persists, Ethereum may see further rejection downwards from the descending resistance🔻
#BTC
A bullish inverted head and shoulders pattern breakout on the 4H chart projects a 10% price jump📈
Buying volume has increased 25% to $19.6 billion, supporting the bullish momentum🔺
Post-breakout target is $47,000, followed by a rechallenge of the $49,000 swing high📝
#AVAX is breaking a descending channel on the H4 timeframe💁♂️
A successful breakout is anticipated to lead to a bullish wave towards $50🚀
#NEAR broke out of a descending channel on the 4-hour timeframe🧐
A massive bullish wave is expected✈️
Based on the positions of the CME institutionals:
Short-term (1 month): slight correction is possible
Mid-term (up to 3 months): 48k+
Almost nothing has changed since the last report.
#BTC
#CAKE
The price has rebounded from support zone and 50 moving average, presenting potential for upward movement🔺
Initial price target is $3.014🎯
#ACE has broken out of a symmetrical triangle pattern to the upside👀
Expect potential price increase of over 70% from current levels🔺
#BTC
Price bounced off the 200-period moving average support and is now trading below broken support zone👀
A break below the 200 MA would confirm further downside, while reclaiming the horizontal and trendline support would signal bullish momentum returning to the market👨💻
#ARB
Arbitrum has tumbled 30% from its all-time high of $2.4, leaving investors worried😕
It is currently trading around $1.7 within a descending channel, pointing to further losses📉
Despite the bearish technical outlook, Arbitrum backs a leading Ethereum scaling project that could see buying interest on major dips☝️
Grayscale keeps selling, #BTC tends lower📉
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#BTC
Bitcoin is trading inside the Ichimoku cloud, indicating a period of uncertainty🤷♂️
A close above the Ichimoku cloud with substantial volume would confirm a bullish breakout📈
However, a sustained breakdown below the uptrend line would likely lead to further correction📉
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#LINK
The Chainlink has shown resilience amid the current crypto market sell-off, forming rounding bottoms hinting at a potential 15-30% breakout rally🔺
Break above $16.55 top would give strong confirmation of emerging uptrend📈
#BTC is possibly forming an inverse head and shoulders pattern, which could indicate a bullish reversal🧐
Buying only makes sense after a positive reaction at the support level☝️
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#MATIC broke out of a large wedge pattern👀
The $0.73 price level provided repeated support and held as a floor🔺
With support tested and holding, strong bullish upside moves are expected soon📈
#VET appears poised for a major breakout rally showing it trading in a symmetrical triangle pattern🧐
Formed higher low and price gearing up for test of multi-year resistance around $0.20🔺
#BTC it holding support around $38.5k-40k, with bulls attempting to keep control🤔
The technical picture indicates potential for further upside to resistance around $47k-$52k, but a break below $38k support could see a drop towards $30k📝
#CELO
Price moving towards crucial long-term trendline resistance👀
Breaking the trendline could spark a major bullish rally📈
#AUCTION has broken out of a symmetrical triangle pattern in the 6-hour timeframe👀
The breakout signals a potential 70% bullish price wave📈
#GRT saw strong buying at support, bouncing price up🧐
Potential for move towards resistance area ($0.21-$0.23) in coming weeks✈️
#LDO has been in an overall bullish market while trading within a rising broadening wedge pattern🧐
It is currently undergoing a correction phase and approaching support levels🔺
This is a key area to watch for bullish reversal setups👨💻
#TRX is trading in a descending triangle pattern, currently bouncing off the horizontal support level💁♂️
Await confirmed breakout or breakdown from pattern to determine next directional move👨💻
#USDT.D
Tether dominance trying ro breakout the resistance zone👀
If breakout failed, the crypto market could recover🧐
Continued increase in USDT dominance is a bearish signal for the crypto market☝️
#JUV is trading near resistance of a falling wedge pattern on weekly timeframe💁♂️
A breakout could push the price towards $6-7📈
#XRP
Price is breaking down from a key support zone, which could lead to further declines😒
#CFX suggests a descending channel breakout indicating a potential 200% bullish move in the coming weeks🤓
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Based on the latest report for the period from January 9 to 16, institutional investors have closed 10% of their long positions and started accumulating short contracts (a tiny amount).
Overall, they still anticipate that Bitcoin will go above $48,000 😉
#BTC