#ALTS MARKET CAP ANALYSIS
The alts market cap has broken out of the symmetrical triangle and is currently retesting above it. A successful retest would confirm a bullish trend.
However, if the price moves back inside the triangle, it could indicate further movement within the triangle.
#FTM/USDT ANALYSIS
FTM has successfully broken out of the symmetrical triangle and completed a successful retest. The Ichimoku cloud is acting as support, and the MA 100 is showing a bullish trend. As long as FTM continues to trade above the triangle, a continuation of the bullish move is expected.
#BTC/USDT ANALYSIS
BTC pumped after the breakout and retest of the descending triangle. Currently, it is facing the horizontal resistance. A solid breakout of the horizontal resistance would be a bullish confirmation, while a rejection would be a sign of a retracement before the next leg up.
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Читать полностью…#BTC/USDT ANALYSIS
BTC pumped with high volume following a breakout from the triangle pattern. However, it faced rejection at the horizontal resistance level. A retest of the triangle or a decisive breakout above the horizontal resistance would provide bullish confirmation.
#BTC/USDT ANALYSIS
BTC pumped after the breakout of the descending triangle and the Ichimoku cloud. Currently, it is facing the horizontal resistance. We've to wait for a solid breakout of the horizontal resistance for the continuation bullish move.
#USDT DOMINANCE ANALYSIS
USDT.D is descending after a successful retest below the rising wedge. Additionally, it is breaking through the MA 50. A candle close below the MA 50 confirms bearish sentiment in the USDT.D.
It's noteworthy that a bearish trend in the USDT.D signals bullish momentum for the crypto market, as they typically exhibit an inverse relationship.
#ADA/USDT ANALYSIS
ADA is currently moving within a descending triangle pattern, attempting to maintain its position above the horizontal support level. However, the volume is notably low. The RSI indicates that the market is oversold.
A sustained breakdown of the triangle would confirm bearish sentiment, while a bounce from the support followed by a solid breakout of the triangle would confirm bullish momentum.
#BTC/USDT ANALYSIS
BTC is trading above the horizontal support and inside the Ichimoku cloud, indicating indecision in the market. The MA 100 is serving as resistance. We must closely monitor a decisive breakout or breakdown of the triangle to confirm the next direction.
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#BTC/USDT ANALYSIS
BTC broke out of the descending triangle and is now coming down for a retest after being rejected by the MA 200. The Ichimoku cloud is acting as support. A successful retest of the triangle would confirm bullish sentiment. If the price closes inside the triangle, we might see further movement within its boundaries.
#SHIB/USDT ANALYSIS
SHIB is currently following a descending triangle pattern. It experienced a pump from the horizontal support level. The 200-day moving average indicates a bullish trend. It is presently encountering resistance from the trendline and the Ichimoku cloud. We must monitor closely for a clear breakout from the triangle pattern to confirm the bullish move.
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#RSR/USDT
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#BTC DOMINANCE ANALYSIS
BTC.D is moving within a rising wedge on the weekly timeframe, which is technically a bearish pattern. The RSI is in the overbought region and has formed a bearish divergence.
Consequently, we can expect a decline in BTC.D soon. A sustained breakdown of the rising wedge would provide strong bearish confirmation. A downward trend in BTC.D, while BTC moves sideways or bullish, would indicate a bull run in altcoins.
#API3/USDT ANALYSIS
API3 breakout the symmetrical triangle with a high volume. MACD crossover is showing bullish momentum. A continuation of the bullish move is expected from here or after a successful retest of the triangle.
#S&P 500 ANALYSIS
The S&P 500 has continued its bullish momentum after retesting above the MA 21 and breaking out above the previous high. The Ichimoku cloud indicates a bullish trend.
A continuation of the bullish move is expected for however long it is trading above the past high. That could also be a positive sign for the crypto market as they usually work directly proportional to each other.
#IMX/USDT ANALYSIS
IMX broke out of the symmetrical triangle pattern with significant volume. The 200-day moving average indicates a bullish trend. Momentum is evident, suggesting an upward movement is anticipated.
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#US DOLLAR ANALYSIS
The US dollar is forming an ascending triangle on the daily timeframe. It has experienced rejection from the horizontal resistance and is now moving towards the support trendline.
We need to await a clear breakout or breakdown of the triangle, which will confirm its next direction. It's worth noting that the US dollar often exhibits an inverse relationship with the crypto market.
#CHR/USDT ANALYSIS
CHR is currently moving within a falling wedge pattern, nearing a breakout point where the 100-day moving average (MA) is also serving as resistance. A strong breakout from the falling wedge would confirm bullish momentum.
#TOTAL MARKET CAP ANALYSIS
The total market cap has broken out of the falling wedge pattern and is currently retesting above it. It is encountering resistance from the 200-day moving average (MA).
A break above the MA 200 or a successful retest of the falling wedge would confirm a bullish trend. Conversely, if the price retraces back inside the wedge, it could indicate further consolidation within the pattern.
#BTC/USDT ANALYSIS
BTC, after being rejected from the trendline resistance of the triangle, is currently consolidating above the horizontal support. We have to wait for a solid breakout or breakdown of the triangle to confirm its next direction.