#ALTS MARKET CAP ANALYSIS
The alts market cap breaks down the descending triangle pattern and retesting below it. The Ichimoku cloud is indicating a bearish trend. A successful retest below the descending triangle would provide further confirmation of the bearish sentiment in alts.
RSI is in the oversold region and If the price reclaims the triangle, then this breakdown would be considered a false downward movement, and we can anticipate a reversal in alts.
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#BTC/USDT ANALYSIS
BTC is currently moving within a descending triangle pattern, followed by a potential fake breakdown move. At present, it appears to be attempting a breakout, with the Ichimoku cloud acting as resistance. To confirm its next direction, we must wait for a solid breakout or breakdown of the triangle.
#BTC DOMINANCE ANALYSIS
BTC.D is moving in a rising wedge chart pattern. After rejecting the trendline resistance, it is currently trading above the horizontal support. RSI also faced rejection from the overbought region and is now above the neutral zone.
A breakdown retest of the rising wedge would confirm bearish sentiment. Until then, further movement within the wedge is anticipated. We need to keep an eye on the breakdown of the rising wedge; if BTC.D breaks down and BTC moves sideways or bullish, it would confirm an upward trend in alts.
#BTC/USDT ANALYSIS
BTC has been rejected from the MA 100 and the Ichimoku cloud resistance. Currently, it is trading near the horizontal support. A bounce from here could signal a reversal, while a sustained breakdown of the horizontal support would confirm bearish sentiment.
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#OP/USDT ANALYSIS
OP is trading inside a descending channel. Currently, it is facing the trendline and the Ichimoku cloud resistance. The MACD crossover indicates bullish momentum. A solid breakout of the Ichimoku cloud would confirm the bullish trend, while a rejection would signal further movement within the channel.
#BTC/USDT ANALYSIS
BTC is currently forming a symmetrical triangle pattern. The Ichimoku cloud and the 100-day moving average are acting as resistance levels. Additionally, the MACD crossover is indicating a shift towards bullish momentum. Therefore, it is advisable to await a definitive breakout or breakdown of the triangle for confirmation of the next direction.
#LOOM/USDT ANALYSIS
LOOM is moving in a falling wedge followed by a bullish rally. Presently, it encounters resistance from the trendline, the MA 100, and the Ichimoku cloud. MACD crossover is showing bullish momentum. A definitive breakout from the falling wedge would signify bullish confirmation, whereas rejection would indicate further consolidation within the wedge pattern.
#US DOLLAR ANALYSIS
The US dollar has pumped following the breakout of the symmetrical triangle. Currently, it has surpassed the Ichimoku cloud and is encountering horizontal resistance. The RSI indicates an overbought condition.
A rejection seems plausible, while a decisive breach of the horizontal resistance would confirm bullish momentum. It's worth noting its typical inverse correlation with the crypto market.
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Читать полностью…#ATOM/USDT ANALYSIS
ATOM is forming a descending triangle pattern, with an attempted breakout underway. The Ichimoku cloud is serving as a resistance barrier. A decisive breakout from the triangle would confirm a bullish trend, whereas a rejection would indicate a potential continuation of movement within the triangle pattern.
#BTC/USDT ANALYSIS
BTC, after experiencing a sharp correction, is presently maintaining its position above the trendline of the falling wedge. The RSI indicates oversold conditions. Bullish candle closures and a breakout from the falling wedge would confirm a bullish trend, while a sustained breakdown of the wedge would confirm bearish momentum.
#TOTAL MARKET CAP ANALYSIS
The total market cap is moving in a falling wedge. It faced rejection from the Ichimoku cloud and is currently hovering above horizontal support, near the trendline support of the wedge. RSI is in the oversold region.
A reversal could be expected for however long it is trading inside the wedge, while a sustained breakdown of the wedge would be a further bearish sign.
#ENA/USDT ANALYSIS
ENA is currently moving within a falling wedge pattern. It experienced rejection from the trendline and encountered resistance from the Ichimoku cloud.
Presently, it is approaching the support trendline. We need to closely monitor for a definitive breakout or breakdown of the falling wedge to confirm its next direction.
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#ETHFI/USDT ANALYSIS
ETHFI has broken out of the descending triangle and is currently retesting above it. It is on the verge of breaking out of the Ichimoku cloud.
A successful retest or a breakout above the Ichimoku cloud would confirm bullish momentum. If the price retraces back into the triangle, we might witness further movement within its confines.
#S&P 500 ANALYSIS
The S&P 500 pumped following the breakout of the ascending triangle. After undergoing a correction, it is once again gaining momentum.
The Ichimoku cloud indicates a bullish trend, suggesting further upward movement. In the event of a retracement, it is likely to retest horizontal support levels. It's worth noting that its behavior often correlates with the crypto market.
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#USDT DOMINANCE ANALYSIS
USDT.D has declined following the breakdown of the ascending triangle. The Ichimoku cloud indicates a bearish trend. Currently, it is encountering resistance at the MA 200.
Rejection from this point could be a probable scenario, while a decisive breakout above the MA 200 would signal bullish momentum. It's important to note that USDT.D typically moves inversely proportional to the cryptocurrency market.
#BTC/USDT ANALYSIS
BTC is approaching horizontal and trendline support, with a breakdown of the Ichimoku cloud and the MA 200. A significant volume bounce and breakout above the Ichimoku cloud would confirm bullish sentiment, while a sustained breakdown below the horizontal support would signal bearish momentum.