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We provide only technical based charts here for alts coins as well as btc We believe in charts and TA. Not an Investment Advice Do your Own RESEARCH always
After failing to break the resistance level of $62840-$63920 , #Bitcoin corrected a little and now, after forming the triangle pattern, it is ready to test this resistance level. It seems that due to the collection of necessary liquidity, the price can cross the resistance level this time.
If the price cannot cross the resistance again, it may move between $58,000 and $62,000 for a while.
#ZRXUSDT is currently nestled within a key demand zone around $0.3 , and it’s showing signs of a potential breakout. The price has been hugging a descending resistance, but it’s now edging closer to a critical juncture. If we see a break above resistance, it could trigger significant bullish momentum.
However, if the momentum stalls and the price fails to hold this support, we might see a bullish rebound from around $0.24 . Keep in mind, though if the price breaks below this level, it could invalidate the bullish setup and lead to a significant drop.
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After reaching the level of $13, #AXSUSDT is still decreasing in a descending channel.
The break of the $6,850-$6,450 support level pushed the price towards the next support in the $3.850-$4.100 area.
After reaching the second support level and the bottom of the downward channel, AXSUSDT has returned a little, the speed of the downward trend is still decreasing, and the price may begin to grow after returning to the support level and exit the downward channel.
#NEAR is now moving in a descending channel after breaking the dynamic support of the uptrend.
After breaking the support level of $4.300-$4.900, the price has reached the bottom of the channel and may start to grow from this area.
But if the price continues to move under the specified level, it may decrease to $2.620.
The key level to watch right now is the $0.0460 support zone, where bullish momentum is building. If this support holds, we could see a strong bullish push towards the next resistance levels.
Should #HBARUSDT maintain its upward momentum, we’re eyeing potential targets at resistance levels above. This could be the start of a significant rally, so keep a close watch on those price levels.
But we always prepare for all scenarios. If #HBAR fails to hold the $0.0400support and breaks below it, we might see a pullback to the lower 0.035 level.
#COTIUSDT is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon.
But if #COTI gets rejected by the upper trend line of the falling wedge We might see a retest of $0.05500 -0.06200 .
However, should COTI fail to rebound from $0.05500 , the next critical level to watch is the lower support at $0.036. The probability of a rebound from this level is significantly higher.
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#EOSUSDT is compressed within a falling wedge pattern, a classic bullish reversal signal. It's the combination of increasing trading volume and improving macro market sentiment.
If #EOS gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $0.4000 . This level has consistently provided strong support and is rich with liquidity.
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Currently, #ATAUSDT is compressed within a falling wedge pattern, a classic bullish reversal signal.
Should #ATA fail to bounce back from the $0.0820-$0.0700 support, our eyes will be on the next critical level at $0.0580. Historically, this level has been a stronghold, and the probability of a rebound here is notably higher.
But if $ATA breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation.
#JASMYUSDT is still sticking to the wedge pattern that was formed earlier and is now approaching its bottom.
In the chart, you can also see a double top pattern, if the price moves according to this pattern, it will drop to $0.01200.
Maintaining the support level of 0.01540 - 0.01400 means the continuation of the upward trend, if this level is broken and ^#JASMY leaves the wedge pattern, we will see a sharp drop in the price.
#LINKUSDT also broke the support level of $11.80-12.50 and decreased to $8. Now, due to the improvement of the market situation, it can be expected that the price will first pass through the dynamic resistances and then break the first specified resistance level.
The trend has changed from bullish to bearish in the recent daily time frame. If the resistance level is not broken, the downward trend will continue and the price may drop to $7.20.
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#OGNUSDT is currently hinting at a bullish continuation from a critical support zone at $0.0580.
If #OGN holds strong at this level, we could be on the verge of a significant bullish rally, echoing previous trends. A breakout above the key resistance at $0.1150 might set the stage for a run toward the next resistance zones and beyond.
However, caution is essential. If the momentum falters at this critical support, we might witness a rebound from the lower support area around $00.05
#BETAUSDT is currently showing signs of a probable bullish continuation from a support zone at $0.03800. Recently, after breaking above the descending resistance, it's gaining momentum at this key support level.
If the price holds strong at this level, there's a high probability of a bullish rally, similar to previous trends. A breakout above the probable resistance at $0.0580could lead to targeting the next resistance zones and beyond. However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $0.0340.
In a situation where the market is not in a good condition, #TRXUSDT's trend is still upward.
After reaching the bottom of the channel and the support level of $0.1100-0.1050, the price started to grow and first broke the small dynamic resistance.
According to the general situation of this currency and the registered candles, it can be expected that the price will grow again up to the ceiling of the channel.
#AR is currently trading within a descending channel, but it’s nearing a key demand zone that could ignite a significant move. We’re eyeing a potential bullish breakout from this pattern.
ARUSDT has been sticking to a descending resistance line, but the price is inching closer to a crucial demand level at $16.50–$14.50. This zone could be a game-changer. If the price taps into this level and gains momentum, a bullish breakout could be on the horizon.
If #AR fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $11.50.
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After falling from the support level of $500.0, #BinanceCoin reached the support level of $400.0 and recovered and is now trading above both levels.
As you can see in the chart, a dynamic resistance still prevents #BNBUSDT growth, so in the first step, crossing and breaking this resistance can be a sign of the continuation of the upward trend in the daily time frame.
So far, BNBUSDT has hit the dynamic resistance 2 times and failed to break it, these collisions may reach up to 5 times and then the price will start to grow. The current price movement scenario is between the $400.0 support and the dynamic resistance.
#GMX is trading within a descending channel, We are expecting a bullish breakout from the descending line .
The price is currently adhering to a descending resistance pattern. However, the price is inching closer to a resistance level at $33.5, which could be the game-changer. If the price taps into this level and gains momentum, we might witness a bullish breakout.
A break above the descending resistance could push #GMXUSDT toward the major supply area at $58.00. This zone is crucial—if we see a successful breach, expect a strong bullish move targeting the next resistance zone.
If #GMXUSDT fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $20.00.
After breaking the dynamic support and reaching the resistance level of $4.800-$5.900 dollars, #UNFI fell to the support level of $2.500-$3.000 , in the current scenario, we can expect the price to return to the ceiling of the descending channel.
if #UNFIUSDT fails to bounce back from this zone The next level we’re watching is $1.500. Historically, this has been a stronghold for UNFI , with a high probability of a rebound.
However, the stakes are high. If UNFI breaks below these key support levels, we might see the bears seize control, leading to a potential bearish continuation.
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16th August 🕓 4 PM UTC
KuCoin Exchange (Spot)
USDT Pair
#BitcoinCash has seen an unsuccessful breakout of the bearish channel on the daily time frame, followed by a sharp price drop.
#BCH dropped for the second time to the demand level of $285.0-295.0 and then recovered.
Now, with the price reaching the ceiling of the descending channel, there is a possibility of crossing the $400.0 resistance.
But if this time the price cannot cross the dynamic resistance, we will see a fall back to the support level.