#S&P 500 ANALYSIS
The S&P 500 has sustained its bullish momentum following the breakout of the horizontal resistance. The Ichimoku cloud indicates a bullish trend, while the RSI resides in the extremely overbought territory.
Consequently, a retracement is anticipated before the bullish rally resumes. It's noteworthy that the S&P 500 typically correlates directly with the crypto market.
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#FET/USDT ANALYSIS
After a strong bullish rally, FET is currently moving within a falling wedge pattern, with the MA 100 acting as a support level. A definitive breakout from the falling wedge would confirm bullish sentiment, whereas a rejection would suggest further consolidation within the pattern.
#BTC/USDT ANALYSIS
BTC went down after the breakdown and successful retest of the rising wedge. It also broke down the MA 100 and the Ichimoku cloud and is currently holding above the horizontal support. A bounce could be expected, while a solid breakdown of the horizontal support would confirm a further downward move toward the MA200 support.
#BTC/USDT ANALYSIS
BTC bounced from the MA 100 and the channel trendline support. It was rejected from the channel's middle line and is currently trading inside the Ichimoku cloud. A solid breakout or breakdown of the channel will confirm its next direction. Until then, consolidation is expected within the channel.
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#BTC/USDT ANALYSIS
BTC is moving within an ascending channel. Currently, it is holding above the support trendline and the 100-day moving average (MA). The Ichimoku cloud is also acting as support. A bounce could be expected from this point, while a solid breakdown of the channel would confirm bearish sentiment.
#TOTAL MARKET CAP ANALYSIS
The total market cap continued its pump after the breakout of the ascending triangle. MACD crossover is indicating bullish momentum.
We can expect the continuation of the bullish move, with the next target being the marked all-time high zone. However, small retracements could occur along the way.
#BTC/USDT ANALYSIS
BTC has been rejected from the Ichimoku cloud resistance and is currently holding above the horizontal and trendline support. A substantial volume bounce from this point, coupled with a breakout of the Ichimoku cloud, would confirm bullish momentum returning to the market. Conversely, a sustained breakdown of the trendline and horizontal support would further confirm bearish sentiment.
#MASK/USDT ANALYSIS
MASK has broken out of the symmetrical triangle and is currently retesting above it. The Ichimoku cloud is acting as support. A successful retest above the triangle would confirm the upward move.
#BTC/USDT ANALYSIS
BTC closed with a spinning top candle on the weekly timeframe, indicating indecision. It closed above the ascending triangle, emphasizing the importance of a successful retest for bullish confirmation. However, failure by bulls to sustain their position above the triangle could signal a market correction.
BTC DOMINANCE ANALYSIS
BTC.D is currently forming an ascending triangle pattern. The MACD crossover is poised to turn bearish. A decisive breakout or breakdown of the triangle would confirm its next direction.
If BTC.D declines while BTC moves sideways or upwards, it would signal bullish momentum for Altcoins, and vice versa.
#ADA/USDT ANALYSIS
ADA is retesting above the S/R level and attempting to hold above the MA 200. The Ichimoku cloud and the MA 100 are indicating a bullish trend. A successful retest above the S/R level would confirm bullish sentiment, while a failed retest would signal a potential correction.
#BTC/USDT ANALYSIS
BTC bounced from the MA 100 and the channel trendline support. It was rejected from the channel's middle line and is currently trading inside the Ichimoku cloud. A solid breakout or breakdown of the channel will confirm its next direction. Until then, consolidation is expected within the channel.
#US DOLLAR ANALYSIS
The US dollar is currently moving within a symmetrical triangle pattern. It is trading below both the Ichimoku Cloud and the MA 100. The RSI is situated in the neutral zone.
It's imperative to monitor closely for a definitive breakout or breakdown of the triangle to confirm the next direction. It's worth noting that the US dollar often exhibits an inverse correlation with the crypto market.
#WLD/USDT ANALYSIS
WLD is currently holding above the horizontal support after being rejected from the descending trendline. It is trading inside the Ichimoku cloud, which is showing indecision.
A bounce from here and breakout of the trendline would be the bullish confirmation, while a sustained breakdown of the horizontal support would be a sign of a retest of the descending triangle.
#DOGE/USDT ANALYSIS
DOGE has broken out of the symmetrical triangle pattern with decent volume. The Ichimoku cloud indicates a bullish trend, and the MACD crossover suggests bullish momentum. A continuation of the bullish move is anticipated either from this point or after a successful retest of the triangle.