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#US DOLLAR ANALYSIS
The US dollar is currently moving within a symmetrical triangle pattern. The price is contained within the Ichimoku cloud, indicating a period of indecision in the market.
A definitive breakout of the triangle would confirm a bullish trend, whereas a rejection would suggest continued consolidation within the triangle. It's important to note that the US dollar often exhibits an inverse relationship with the crypto market.
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Читать полностью…#TOTAL MARKET CAP ANALYSIS
The total market cap continued its bullish move after breaking out of the ascending triangle. The Ichimoku cloud indicates a bullish trend, while the MACD crossover suggests bullish momentum.
Additionally, it has broken out above the previous high and is currently retesting it. A successful retest above the previous high would confirm the continuation of the bullish move.
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Lying above the strong demand zone
Bullish harmonic pattern is showing its reversal zone
MACD crossover is showing bullish momentum
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Targets are mentioned in the chart
#DOGE/USDT ANALYSIS
DOGE has broken out of the symmetrical triangle pattern with decent volume. Additionally, it has surpassed the Ichimoku cloud. The MACD crossover indicates bullish momentum. A continuation of the bullish trend is anticipated either from this point or after a successful retest of the triangle.
#ALTS MARKET CAP ANALYSIS
Altcoins' market cap has experienced a significant increase in volume following the breakout of the rising wedge pattern. This pump indicates considerable strength and momentum in the market.
There is a strong possibility that the bullish rally in Altcoins will continue from this point onwards, or potentially after a successful retest of the ascending trendline.
February 2024 notched the biggest monthly candle in bitcoin’s history. Opening February at $42,950, BTC closed the month at $17,497 adding $18,706.
It has been 16 months since BTC posted a monthly candle of this size in October 2021, the month before it made the current all-time high around $69,000.
#BTC/USDT ANALYSIS
BTC has exhibited great strength, with the monthly candle closing on a very high volume. Currently, it is encountering resistance at its all-time high. The MACD crossover indicates bullish momentum.
A decisive breakout above the horizontal resistance would provide further confirmation of bullish sentiment, while a rejection would suggest potential consolidation below this resistance level.
#BTC/USDT ANALYSIS
BTC pumped after the breakout of the symmetrical triangle. It hunted the liquidity above the horizontal resistance and is now trading below it. A solid breakout of the horizontal resistance would be further bullish confirmation, while a rejection would be a sign of correction in the market.
---- The Bitcoin Halving ----
...Progress: 96.6%
...Current Block: 832,991
...Halving Block: 840,000
...Blocks Remaining: 7,009
...Estimated Days: 49
...Estimated Date: 4-20-2024
#MATIC/USDT ANALYSIS
MATIC has broken out of the symmetrical triangle pattern with increasing volume. Additionally, it has surpassed the MA 100 and the Ichimoku cloud. The MACD crossover indicates bullish momentum. A continuation of the bullish trend is anticipated either from this point or following a successful retest of the triangle.
#BTC/USDT ANALYSIS
BTC is moving in an ascending triangle on the weekly timeframe. It is attempting to do a breakout. MACD crossover is showing bullish momentum. A solid breakout of the triangle would be the bullish confirmation, while a rejection would be a sign of some retracement.
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#BTC/USDT ANALYSIS
BTC is moving in a symmetrical triangle followed by a bullish move. The Ichimoku cloud is serving as a support level. It's crucial to monitor any significant breakout or breakdown of the triangle for confirmation of short-term direction.
#FLM/USDT ANALYSIS
FLM has broken out of the ascending triangle pattern with decent volume. The Ichimoku cloud indicates a bullish trend, while the MACD crossover suggests bullish momentum. A continuation of the bullish move is expected as long as it remains trading above the triangle.
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#BTC DOMINANCE ANALYSIS
BTC.D is moving in an ascending triangle. Currently, it is being rejected from the horizontal resistance. The RSI is in the overbought region and displaying bearish divergence.
A rejection from here could be a possible scenario, which would be a bullish sign for altcoins.