#BTC/USDT ANALYSIS
Bitcoin has broken out of its descending triangle pattern with strong volume. The Ichimoku cloud is providing support below the current price action and showing bullish momentum.
We should wait for a retest. A successful retest would confirm further bullish momentum for BTC. Conversely, if the retest fails, we may see the price revert to moving within the triangle.
#USDT DOMINANCE ANALYSIS
USDT.D is currently forming a rising wedge pattern and is approaching the support trendline. The Ichimoku Cloud is showing bullish strength, while the 21 MA is acting as a resistance barrier.
A sustained breakdown of the rising wedge and Ichimoku Cloud would confirm a bearish trend. We can also anticipate further consolidation within the triangle. It's important to note that USDT.D tends to move inversely to the broader crypto market.
#TRX/USDT ANALYSIS
TRX is currently trading within an ascending triangle. The 21MA and the Ichimoku cloud are both indicating bullish strength. A breakout above the triangle would signal a bullish trend, while a breakdown would indicate a bearish trend.
#US DOLLAR ANALYSIS
The US dollar has recently broken down from a symmetrical triangle pattern with significant volume and is currently trading within the Ichimoku cloud. A retest of the triangle is likely.
If the retest is successful, it could indicate the start of a bearish trend for the dollar. This development could be positive for the crypto market, given the typically inverse relationship between the two.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within an ascending channel, currently trading just above the support trendline. The Ichimoku cloud and the 200-day moving average both indicate bearish momentum, serving as resistance to the price action. We need to wait for a decisive breakout or breakdown.
#STMX/USDT ANALYSIS
STMX has broken out of a descending broadening wedge following a strong rebound from the support trendline. It is currently attempting to break through the Ichimoku cloud.
A successful retest above the pattern resistance is needed to confirm further upward movement for STMX.
#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a descending channel pattern on the 2D timeframe. It is trading above the Ichimoku cloud, which is providing support below the price action. A breakout above the channel is needed to signal another bullish rally in the market.
Conversely, if the price fails to break through the resistance trendline, we may see continued price movement within the pattern, potentially leading to a decline.
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#BTC/USDT ANALYSIS
Bitcoin is currently trading near its resistance trendline after a robust rebound from the support trendline, indicating strong upward momentum.
Positioned above the Ichimoku cloud and the 100-day moving average, which are providing significant support, the current price action suggests bullish sentiment.
A breakout above the resistance, followed by a successful retest, could trigger another bullish rally, potentially pushing the price higher.
However, there is also the possibility of a decline if the price fails to break through the resistance trendline, emphasizing the critical nature of this juncture in Bitcoin's price trajectory.
#BTC DOMINANCE ANALYSIS
BTC.D is consolidating within a symmetrical triangle chart pattern, with the Ichimoku cloud serving as a support below the current price action of the BTC.D. Further movement is anticipated within the triangle until a decisive breakout or breakdown occurs. It's noteworthy that BTC.D typically exhibits an inverse relationship with the Alts market cap.
#XRP/USDT ANALYSIS
XRP is consolidating within a symmetrical triangle pattern and currently rebounding from the support trendline. The Ichimoku cloud is acting as resistance above the price action. We need to wait for a solid breakout or breakdown before taking any action.
#S&P 500 ANALYSIS
The S&P 500 has broken out of a cup and handle pattern and is currently trending upward. Additionally, the 21-day moving average is acting as support, and the Ichimoku cloud indicates a bullish trend.
Presently, it is moving downward for a retest and to fill the CME gap, which is above the breakout point. A successful test will likely result in a strong upward movement in the S&P 500.
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Читать полностью…#FOR/USDT ANALYSIS
FOR is currently consolidating within a descending triangle pattern and remains above the horizontal demand zone. We might anticipate a potential bounce off this demand zone. However, the Ichimoku cloud is serving as a significant resistance barrier.
We must wait for a decisive breakout above the resistance trendline or a breakdown below the demand zone to confirm the next move.
#BTC/USDT ANALYSIS
Bitcoin is facing rejection from the resistance trendline of the descending triangle. It is currently trading above the horizontal demand zone of the triangle.
The Ichimoku Cloud indicates bearish momentum, while the 200-day moving average provides support below the triangle.
We need to wait for a confirmed breakout or breakdown to determine Bitcoin's next move.
#ETH/USDT ANALYSIS
ETH has broken out of the descending triangle and successfully retested, following a strong bounce from the horizontal demand zone within the triangle.
It is currently trading inside the Ichimoku cloud, with the 100-day moving average acting as support below the current price action. A breakout above the Ichimoku cloud would indicate further bullish momentum for ETH.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is trading above the Ichimoku cloud following a strong upward move from the channel's support trendline. A breakout above the channel would indicate further bullish momentum for the crypto market.
Conversely, if the market cap breaks below the Ichimoku cloud, which is currently acting as support, we could expect a downward movement.
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Читать полностью…#1000SATS/USDT ANALYSIS
1000SATS has broken out of the descending channel with significant volume and is currently trading above the triangle.
The Ichimoku cloud is acting as resistance above the current price action, while the 21-day moving average is providing support. We need to wait for a successful retest above the channel for bullish confirmation.
🇺🇸 The news of Joe Biden's rejection of the democratic representation in the upcoming US election led to an immediate small panic drop in crypto prices.
Though wildly different circumstances, the news of the Trump attempted assassination from 2 weeks ago caused a similar price pattern. Throughout the closing hours of Sunday, prices quickly bounced after an initial drop, and are now quite volatile to start the week.
Expect for Biden's endorsement of Kamala Harris as a signal that any news of her or other potential replacement candidates will be consistently trending topics that impact crypto. Regardless of your own vested interest (or indifference) to US politics, social volume of these major topics continue to prove fragile correlations with speculation-driven cryptocurrency prices.
#BTC/USDT ANALYSIS
Bitcoin is currently maintaining its position above the neckline of the cup and handle pattern, suggesting the potential for a significant upward movement. This bullish sentiment is further supported by the Ichimoku cloud, which also indicates strength in the market.
However, it is important to note that if Bitcoin fails to sustain this level and breaks down below the neckline, the cup and handle pattern will be invalidated, and the anticipated bullish move may not materialize.
#ORDI/USDT ANALYSIS
ORDI is consolidating within a falling wedge pattern, currently rebounding from the wedge's support trendline. The Ichimoku cloud is serving as resistance above the wedge.
A solid breakout above the Ichimoku cloud and the wedge's resistance trendline could signal substantial gains.
Conversely, if ORDI breaks below the wedge's support trendline, the pattern will be invalidated. Patience is key as we await a decisive move to confirm the next trend.
#BTC/USDT ANALYSIS
Bitcoin has recently broken out of the cup and handle pattern, a bullish chart formation that typically signals the continuation of an uptrend. Currently, it is testing above the neckline, a key resistance level.
Adding to the positive sentiment, the 21MA is acting as a support level, providing further stability to the price. If Bitcoin can successfully hold above this level, it could pave the way for a strong bullish rally in the market