When we analyze the yearly median value of Spot CVD, we can see that the median value has fluctuated between -$22m and -$50m over the last 2 years, suggesting the presence of a net-sell side bias.
Читать полностью…#BTC/USDT ANALYSIS
Bitcoin has recently broken below the horizontal demand zone of a descending triangle pattern, signaling a potential shift in market sentiment. It is currently in the process of retesting the lower boundary of the triangle.
The Ichimoku Cloud reinforces this bearish outlook, with its indicators showing increased downward momentum. If the retest of the triangle's boundary confirms this bearish bias, we could see a continuation of the decline, potentially leading to a significant drop in price.
Conversely, if Bitcoin fails to sustain below this level during the retest, it may enter a phase of consolidation within the descending triangle.
#RARE/USDT ANALYSIS
RARE is showing a strong rebound from the support trendline of the descending channel and is currently attempting to break through the channel's resistance trendline.
The 200-day moving average is also acting as a key resistance level. It's important to wait for a decisive breakout above this level or a breakdown before making any further moves.
#BTC DOMINANCE ANALYSIS
BTC.D is consolidating within an ascending channel after rebounding from the support trendline. Currently trading near the middle of the channel, BTC.D shows bullish momentum according to the Ichimoku Cloud.
To confirm the next move, we need to wait for a clear breakout or breakdown. It's important to note that BTC.D generally has an inverse relationship with the altcoin market cap.
#AAVE/USDT ANALYSIS
AAVE has bounced strongly from the horizontal demand zone within the descending triangle, signaling potential upward movement. However, the Ichimoku Cloud is currently acting as resistance above the price action.
To confirm a bullish rally, we need to wait for a decisive breakout above the Ichimoku Cloud and the descending trendline of the triangle.
#BTC/USDT ANALYSIS
Bitcoin is rebounding from the support trendline of an ascending triangle and is currently trading just below the horizontal resistance zone.
The Ichimoku Cloud indicates bullish momentum, suggesting potential upward movement. However, it's crucial to wait for a decisive breakout or breakdown to confirm BTC's next direction.
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#BTC/USDT ANALYSIS
Bitcoin is rebounding from the support trendline after facing strong rejection at the horizontal supply zone.
The Ichimoku Cloud currently indicates bearish momentum, and Bitcoin is encountering resistance at the 100 MA. This suggests a potential market decline.
However, if Bitcoin breaks above the 100 MA and the Ichimoku Cloud, an upward movement in the market could occur.
Bitcoin network hashrate has hit a fresh record-high.
Network hashrate is at 627 EH/s, recovering from a 8.5% drawdown.
Binance Will Delist CVP, EPX, FOR, LOOM, REEF, VGX on 2024-08-19
https://www.binance.com/en/support/announcement/e2fcd2c945654c8d832395335429403e
#BTC/USDT ANALYSIS
Bitcoin recently broke down from its ascending triangle pattern. Currently, it is trading just above the 100-day moving average, which is providing support below the current price action.
We can expect a potential bounce from this level. However, if Bitcoin falls below the 100MA, it could lead to further market correction.
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#ADA/USDT ANALYSIS
ADA is currently consolidating within a falling wedge pattern and is now rising from the support trendline of the wedge.
The 50MA and 200MA are both acting as resistance just above the pattern's resistance trendline.
We should wait for a decisive breakout from the pattern before anticipating a bullish rally in ADA
#ALTS MARKET CAP ANALYSIS
The ALTS market cap has recently broken down into a descending triangle, accompanied by significant trading volume. It is currently finding support at the 200-day moving average, which coincides with a test of the triangle's lower boundary.
A successful test of this support would confirm a bearish trend, reinforced by the Ichimoku cloud signaling bearish momentum above the current price action.
However, a breakout above the triangle could lead to further consolidation within the pattern, indicating potential indecision in the market.
#BTC/USDT ANALYSIS
Bitcoin has recently broken down from the ascending triangle pattern and is now trading within the Ichimoku Cloud. At this point, it's crucial to wait for a successful retest of the broken support level.
If the retest confirms the breakdown, it could signal further bearish momentum for BTC. However, if the retest fails, we may see a potential upward reversal.
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Читать полностью…#HOOK/USDT ANALYSIS
HOOK has broken out of the descending channel with significant volume, indicating potential bullish momentum. It is currently retesting the breakout level, and a successful retest would confirm the bullish trend.
The 21-day moving average is providing additional support just below the current price action. However, if the retest fails, the price may re-enter the channel, leading to further downward movement.
#S&P 500 ANALYSIS
The S&P 500 is currently experiencing a bounce off the 21-day moving average, which is acting as a support level following its rejection at the resistance trendline of the rising wedge pattern.
The Ichimoku Cloud indicates bullish momentum, suggesting that the index may continue to consolidate within this pattern.
However, it's important to wait for further price developments and confirmation signals before making any investment decisions.
A breakout above the resistance could signal a continuation of the upward trend, while a breakdown below support may indicate a reversal.
#ORDI/USDT ANALYSIS
ORDI is rebounding from the support trendline of the falling wedge pattern. The Ichimoku Cloud is serving as resistance above the pattern. We need to wait for a solid breakout from the pattern to anticipate a bullish rally in ORDI.
#USDT DOMINANCE ANALYSIS
USDT.D is trading within a symmetrical triangle. Currently, the price is being rejected from the Ichimoku Cloud resistance barrier.
Meanwhile, 200MA is providing support beneath the current price action, indicating a potential bounce if the price reaches this level.
However, if USDT.D breaks below the 200MA, it could signal a decline in dominance, potentially leading to an upward movement in the broader crypto market, as USDT.D typically moves inversely to overall market trends.
Traders should closely monitor these technical levels for signs of a breakout or breakdown to inform their trading strategies.
#DOGE/USDT ANALYSIS
DOGE is currently consolidating within a falling wedge pattern, with the price rebounding from the support trendline.
The 200MA is acting as a resistance level above the current price action. A breakout above both the 200MA and the wedge would provide a bullish confirmation.
Notice on the Withdrawals of Delisted Tokens & Conversion of Selected Tokens to USDC (2024-08-12)
https://www.binance.com/en/support/announcement/9ec5cabbc8974a1c8890e1c9d87a98a7
#US DOLLAR ANALYSIS
The US dollar is presently consolidating within a symmetrical triangle pattern. The Ichimoku cloud serves as a resistance within this triangle. A breakdown of this pattern could signal a strong downward trend for the US dollar, whereas a breakout might indicate a bullish trend.
We need to wait for a definitive breakout or breakdown of the triangle to confirm the dollar's next direction. It's important to note that the US dollar often exhibits an inverse relationship with the crypto market.