#CVC/USDT ANALYSIS
CVC is making a strong rebound from the horizontal demand zone, and it’s now approaching the resistance trendline of the descending triangle.
Both the 50MA and 100MA are signaling bullish momentum, setting the stage for a potential breakout. A clear break above the pattern could ignite a powerful bullish rally. Stay alert for the move.
#S&P 500 ANALYSIS
The S&P 500 has successfully broken out of its ascending triangle pattern, completed a successful retest, and is now trading above the breakout level.
The Ichimoku Cloud is providing strong support, signaling continued bullish momentum. Given the S&P 500's correlation with trends in the crypto market, this movement should be closely monitored for potential signals impacting broader market trends.
#WLD/USDT ANALYSIS
WLD has successfully broken out of the descending channel and completed a successful retest. It is now breaking above the 50MA, which is acting as a strong support level and demonstrating increasing momentum. This setup suggests that WLD is primed for further gains in the near future.
#USDT DOMINANCE ANALYSIS
USDT Dominance is rebounding from the support trendline of its ascending triangle pattern, with the Ichimoku Cloud providing strong bullish support. However, the 200MA is acting as a resistance within the triangle's horizontal supply zone.
A clear breakout or breakdown is needed to confirm the next move for USDT Dominance. Notably, USDT Dominance usually moves inversely to the broader crypto market, making this a critical point to watch.
Largest outflow of #Bitcoin from exchanges since November 2022
“On-chain data shows an increase in Bitcoin outflows from exchanges - all three 30-, 50-, and 100-day moving averages show this.”
#US DOLLAR ANALYSIS
The US dollar is currently consolidating within a descending triangle pattern and is rebounding from the horizontal demand zone, where the 200-day moving average is providing support and indicating positive momentum.
Meanwhile, the Ichimoku Cloud is acting as a resistance barrier above the price action. To confirm the next move for the US dollar, we need to wait for a decisive breakout or breakdown of the pattern.
Additionally, it's important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.
Ripple Partners With Brazilian Exchange Mercado Bitcoin to Offer Business-Focused Payments Solution
Читать полностью…#BTC/USDT ANALYSIS
Bitcoin has broken out of its symmetrical triangle pattern with significant volume, and is now undergoing a retest above the triangle.
The Ichimoku Cloud is providing support just above the triangle. A successful retest would confirm a bullish trend, potentially leading to further upward momentum.
However, if the retest fails, the price may re-enter the pattern, indicating continued consolidation within the triangle.
#GMX/USDT ANALYSIS
GMX is consolidating within a descending triangle pattern, currently trading inside the horizontal demand zone. The Ichimoku Cloud is acting as a resistance barrier. A decisive breakout or breakdown is needed to confirm GMX's next move.
Notice of Removal of Spot Trading Pairs - 2024-10-04
https://www.binance.com/en/support/announcement/fac9138cdf1947d4a7184990c04ab2c9
#ALTS MARKET CAP ANALYSIS
The ALTS market cap has successfully broken out of the falling wedge pattern with substantial volume and is now trading within the Ichimoku Cloud. A breakdown through the cloud could lead to a retest of the wedge, signaling a potential correction in the ALTS market.
Conversely, if it breaks above the Ichimoku Cloud's resistance barrier, we could see a strong upward movement, indicating bullish momentum for ALTS.
#WIF/USDT
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#BTC/USDT ANALYSIS
Bitcoin is showing a strong rebound from the support trendline, indicating buyer strength at this level. It is currently trading above the Ichimoku Cloud, which is providing additional support, reinforcing bullish momentum.
A decisive breakout above the horizontal supply zone would confirm a bullish trend, potentially leading to further upward movement.
Traders are watching this zone closely, as a clear breakout could signify a shift in market sentiment and signal the start of a sustained rally.
#UNFI/USDT ANALYSIS
UNFI is consolidating within a falling wedge pattern and is currently rebounding from the support trendline. The Ichimoku Cloud is acting as a significant resistance barrier above the price.
A decisive breakout from the wedge would provide a strong bullish confirmation. It's essential to closely monitor this setup for a potential upward move.
#BTC/USDT ANALYSIS
Following the breakout of the descending triangle, the price is currently trading above the 200MA, which is providing strong support at this level. A bounce from this area is anticipated, signaling potential upward momentum.
However, if the price breaks down below the 200MA, we may see a further downward move, where the Ichimoku Cloud is positioned to act as additional support just above the pattern.
A break below both the 200MA could confirm a bearish trend, while maintaining support at these levels would indicate continued bullish strength.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending broadening wedge pattern. It is currently trading above the Ichimoku Cloud, which is providing strong support, while the 100MA serves as a resistance barrier just above the price.
A breakout above the 100MA and the wedge pattern could signal a bullish trend. However, if Bitcoin breaks below the Ichimoku Cloud support, it may lead to further downward movement within the pattern.
#DIA/USDT ANALYSIS
DIA has broken out of the cup and handle pattern with significant volume and is now trading above the breakout level. The Ichimoku Cloud is indicating strong bullish momentum. A successful retest of the pattern would confirm the bullish trend and signal further upward movement.
#BTC/USDT ANALYSIS
Bitcoin is currently trading above the Ichimoku Cloud following a breakout from a symmetrical triangle, with the cloud now serving as strong support. Currently, the price is rebounding from this support level of the cloud, and the 200MA is acting as a key resistance barrier. A breakout above the 200MA would provide additional bullish confirmation. Keep a close watch on this critical level.
#CHZ/USDT ANALYSIS
CHZ is currently consolidating within a descending channel and rebounding off its support trendline. The Ichimoku Cloud is serving as a strong resistance barrier below the resistance trendline of the channel.
A breakout above both the Ichimoku Cloud and the channel's resistance would signal a potential bullish trend, paving the way for further upward momentum.
#BTC/USDT ANALYSIS
Bitcoin is trading above the Ichimoku Cloud after the breakout from the symmetrical triangle, with the cloud now acting as a key support.
The 100MA, however, is posing resistance above the current price action. This setup suggests a critical decision point for Bitcoin.
If the price bounces off the support provided by the Ichimoku Cloud, we could see a push toward the 100MA, potentially leading to a bullish continuation if it breaks through this resistance.
Conversely, if Bitcoin loses support at the Ichimoku Cloud, it may trigger a retest of the previously broken symmetrical triangle.
When we assess the price performance of Bitcoin from the cycle low, a remarkable similarity in performance emerges despite wildly differing market conditions. The reason for Bitcoin following such a similar path is a regular topic of debate, but it continues to provide an interesting framework for analysts to think about cycle structure and duration.
Both the 2015-16 🔵, and 2019-20 🟢 periods have traded in an oddly similar manner to the recovery seen in 2023-24 ⚫.
#AUCTION/USDT ANALYSIS
AUCTION is currently consolidating within a descending triangle pattern and facing rejection at the resistance trendline. It is testing the horizontal demand zone, attempting to break below it.
Additionally, the 100MA is acting as a resistance barrier above the triangle. A decisive breakout above the resistance or a breakdown below the demand zone is needed to confirm AUCTION's next move. It’s important to monitor the price action closely for a clear signal.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is consolidating within a descending broadening wedge pattern, which often signals potential reversals.
The Ichimoku Cloud is providing support, with the market cap rebounding from this level. A solid breakout from the wedge could trigger a strong bullish rally across the crypto market.
#SAND/USDT BUY SETUP
SAND has successfully broken out of the falling wedge pattern and completed a strong retest, indicating bullish momentum. An upward movement is expected soon. 🚀
#BTC/USDT ANALYSIS
Bitcoin is rebounding from the Ichimoku Cloud, which is acting as support, while the 100MA presents a resistance barrier above the price action. A breakout above both the 100MA and the horizontal resistance zone could signal the start of a strong bullish rally in the market.
#NOT/USDT BUY SETUP
NOT has successfully broken out of the major falling wedge pattern and completed a retest, confirming the breakout. The setup now looks primed for an upward movement, signaling potential bullish momentum. 🚀
#BTC DOMINANCE ANALYSIS
BTC.D is currently trading within a rising wedge pattern on the weekly timeframe, which is considered a bearish formation. The 21MA is providing support beneath the wedge.
As a result, a decline in BTC.D is anticipated in the near future. A sustained breakdown of the rising wedge would confirm the bearish outlook. A decrease in BTC.D, especially if BTC remains stagnant or bullish, would signal a potential bull run for altcoins.
Binance Will Support the Orion (ORN) Mainnet Swap and Rebranding to Lumia (LUMIA)
https://www.binance.com/en/support/announcement/066ba1773ce4480492b983f8d4764c91
#S&P 500 ANALYSIS
The S&P 500 has broken out of its ascending triangle pattern and is now trading above it, with the Ichimoku Cloud offering solid support, suggesting continued bullish momentum.
A potential retest above the pattern could occur soon. It's worth noting that the S&P 500's movements often correlate with trends in the crypto market. Monitor this closely for potential market signals.