#BTC/USDT ANALYSIS
Bitcoin has broken out of its descending broadening wedge pattern with substantial volume and is currently trading within a key horizontal supply zone.
The Ichimoku Cloud is signaling strong bullish momentum, suggesting that a breakout above the supply zone, followed by a successful retest, could propel BTC to a new high.
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Читать полностью…#BTC/USDT ANALYSIS
Bitcoin is currently attempting to break through its horizontal supply zone, with both the 21MA and 50MA providing strong support and indicating bullish momentum.
A decisive breakout above this zone, followed by a successful retest, could pave the way for a new high for BTC.
The Trump crypto project intends to launch a native stablecoin, a development that could lead to legal and ethical complications—and massive profits.
Читать полностью…Robinhood Derivatives has introduced event contracts allowing users to bet on the outcome of the U.S. presidential election, tapping into the rising interest in prediction markets.
Читать полностью…#JASMY/USDT ANALYSIS
JASMY is currently trading within the horizontal demand zone of its descending triangle pattern, suggesting a potential bounce from this level.
The 21MA and 50MA are acting as resistance barriers above the current price action.
A solid breakout above both moving averages and the triangle’s resistance trendline could trigger a strong bullish rally in JASMY.
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#BTC/USDT ANALYSIS
Bitcoin is consolidating within an ascending triangle pattern, encountering resistance at the horizontal supply zone level, suggesting an imminent decision point.
The 50MA and 100MA acting as strong support levels below the price, buyers have managed to sustain momentum despite the overhead resistance.
A decisive breakout above the horizontal resistance zone could signal further upward movement, drawing in additional bullish momentum and likely triggering a strong rally.
Conversely, a breakdown below the support levels of the triangle and moving averages could indicate a trend reversal, signaling a potential decline
#TROY/USDT ANALYSIS
TROY is consolidating within a falling wedge pattern, currently rebounding from the support trendline. The 21MA is acting as resistance above the price action. A breakout above both the 21MA and the wedge pattern would signal a bullish trend in TROY.
#BTC/USDT ANALYSIS
Bitcoin is currently trading within an ascending triangle pattern, facing resistance at the horizontal supply zone level. The 21MA is providing robust support beneath the price action. A decisive breakout above or breakdown below this pattern will likely confirm the next directional move.
Net capital inflows into the #Bitcoin asset have accelerated, increasing by $21.8B (+3.3%) over the last 30 days. Resulting in the Realized Cap ticking up to a new ATH, reaching over $646B.
Suggesting that liquidity across the asset class is rising, & meaningful capital inflows support the price increase.
#BTC/USDT ANALYSIS
Bitcoin is currently trading within an ascending triangle pattern, encountering resistance at the horizontal zone level. The 50MA and 100MA are providing strong support below, indicating potential bullish strength. A decisive breakout above or breakdown below this pattern will confirm the next directional move.
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#ZIL/USDT ANALYSIS
ZIL is consolidating within a symmetrical triangle pattern, with the 100MA serving as a resistance barrier above the current price action. A clear breakout or breakdown is needed to confirm its next directional move.
#S&P 500 ANALYSIS
The S&P 500 has successfully broken out of its ascending triangle pattern and completed a retest, gaining upward momentum. The Ichimoku Cloud is offering strong support, indicating sustained bullish movement.
Considering the S&P 500’s correlation with trends in the crypto market, this price action should be monitored closely for potential signals that could influence broader market dynamics.
#DOGE/USDT ANALYSIS
DOGE is consolidating within a bullish pennant pattern, gaining momentum with support from both the 50MA and 100MA. A decisive breakout from this pattern could trigger a strong bullish rally in DOGE.
Bitcoin spot ETF had a total net inflow of $479 million on October 28, and only one day of net outflow since October 11. BlackRock ETF IBIT had an inflow of $315 million. Ethereum spot ETF had a total net outflow of $1.1376 million yesterday.
Читать полностью…#USDT DOMINANCE ANALYSIS
USDT Dominance has broken down from the ascending triangle pattern and successfully retested the breakdown level, with the 100MA signaling bearish momentum as they now act as resistance barriers. This suggests a potential continuation of the downward trend.
Since USDT Dominance often has an inverse relationship with the broader crypto market, a decline in dominance could indicate increased buying pressure in altcoins and a bullish shift in market sentiment.
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Читать полностью…#ORDI/USDT ANALYSIS
ORDI is currently trading within a descending triangle pattern and rebounding from a horizontal demand zone. A breakout above the Ichimoku Cloud and the resistance trendline of the triangle could signal a bullish rally for ORDI.
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#US DOLLAR ANALYSIS
The US dollar is consolidating within a descending triangle pattern, rebounding from its horizontal demand zone, with the Ichimoku Cloud acting as support. The price is currently testing the triangle's resistance trendline.
A decisive breakout or breakdown from this triangle will be pivotal in determining the dollar's next major move.
Given the US dollar’s typical inverse relationship with the cryptocurrency market, any significant shift could have substantial implications for broader market trends.
#SOL/USDT ANALYSIS
SOL is consolidating within a descending triangle pattern, trading just below the resistance trendline. The Ichimoku Cloud is currently acting as support.
A decisive breakout or breakdown will confirm the next move, with a solid breakout likely to trigger a strong bullish rally.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is trading within a rising wedge pattern, facing rejection at the resistance trendline. A breakdown from the wedge could signal a downward movement.
While the Ichimoku Cloud below is providing support, indicating the potential for a bounce. Conversely, a breakout from the wedge would likely ignite a bullish rally across the crypto market.
#TON/USDT ANALYSIS
TON is currently consolidating within a descending triangle pattern, rebounding from a horizontal support zone.
The Ichimoku Cloud is acting as resistance just above the upper trendline of the pattern.
A confirmed breakout or breakdown will be pivotal in determining the next directional move for TON.
#ALTS MARKET CAP ANALYSIS
The ALTS market cap is currently consolidating within an ascending triangle pattern, encountering resistance at the triangle’s horizontal resistance zone. The Ichimoku Cloud is providing strong support and signaling bullish momentum.
A decisive breakout above this resistance would confirm a bullish rally in the ALTS market, while a breakdown could indicate further consolidation or a potential pullback. Patience is key as we await confirmation of the next trend direction.
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#LINK/USDT ANALYSIS
LINK is consolidating within an ascending triangle pattern, currently rebounding off the support trendline. The Ichimoku Cloud indicates bullish momentum, reinforcing the potential for upward movement. A breakout from this pattern would confirm a bullish trend one to watch closely.