#S&P 500 ANALYSIS
The S&P 500 appears to be facing resistance after breaking out of the symmetrical triangle pattern. A potential drop might also signify a retest of this triangle pattern.
However, it's crucial to remain vigilant about the possibility of rejection, which could trigger a correction. A clear breach of the horizontal resistance level would confirm the bullish momentum.
Notably, the movements of the S&P 500 often align with those of the cryptocurrency market.
#ARPA/USDT ANALYSIS
ARPA is consolidating within a symmetrical triangle pattern. The 200 MA indicates bullish momentum. At present, it is approaching the breakout point of the triangle.
A decisive breakout would confirm a bullish trend, whereas a rejection could indicate a continuation of price consolidation within the boundaries of the triangle.
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#BTC/USDT ANALYSIS
BTC has done deviation by closing some candles above the ascending triangle and it has also grabbed the downward liquidity by a liquidity grabbed wick.
Currently, it is trading above the trendline and the Ichimoku cloud support and a solid breakout or breakdown of the triangle would confirm the short term direction of the market.
#US DOLLAR ANALYSIS
The US dollar is currently consolidating within a symmetrical triangle. Currently, the price is rebounding from the support trendline of the triangle.
Notably, the US dollar continues to trade below the Ichimoku cloud. We've to note that it mostly works inversely proportional to the crypto market.
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#ETH/USDT ANALYSIS
ETH has rebounded from the trendline and secured support within the Ichimoku cloud, accompanied by a significant uptick in trading volume. Currently, it hovers near the breakout point of the ascending triangle.
A clear breakout would confirm a bullish trend, while a rejection might signal a continuation of price consolidation within the triangle's boundaries.
#ALTS MARKET CAP ANALYSIS
After a decisive breakout and subsequent retest of the symmetrical triangle, the altcoin market cap continues its ascent. Notably, it has surpassed a crucial horizontal resistance level and confirmed this breakthrough with a solid retest. Given this breakout from a significant supply zone, we anticipate a sustained bullish trajectory for altcoins.
#SOLUSDT ANALYSIS
SOL experienced a significant pump following the breakout of the ascending triangle. Presently, it is endeavoring to break out above the horizontal resistance trendline of the descending triangle, and a definitive breakout would serve as bullish confirmation.
#BTC/USDT ANALYSIS
After experiencing a good bullish rally, BTC is currently consolidating within a symmetrical triangle. The Ichimoku cloud indicates a prevailing bullish momentum in the market.
A definitive bullish confirmation would entail a substantial volume increase accompanied by a breakout from the triangle. Conversely, a sustained breakdown of both the triangle and the Ichimoku cloud would signal a bearish sentiment for the market.
#ORDI/USDT ANALYSIS
ORDI has been successfully propelled following a retest of the horizontal support. Currently, it is endeavoring to break out above the horizontal resistance, and a definitive breakout would serve as bullish confirmation. In the event of rejection, a retest of the horizontal support is anticipated.
#BTC/USDT ANALYSIS
BTC after doing deviation and grabbing downward liquidity is trading inside the ascending triangle. The Ichimoku cloud is showing a bullish trend. We must wait for a solid breakout of the ascending triangle for a strong bullish confirmation.
#USDT DOMINANCE ANALYSIS
USDT.D has continued its bearish momentum after breaking down from the descending triangle. The MA 200 indicates a bearish trend. Furthermore, it has dropped below the horizontal support and is currently retesting it.
A successful retest beneath the horizontal support would confirm the continuation of the downward trend. It's important to note that USDT.D frequently demonstrates an inverse correlation with the crypto market.
#TIA/USDT ANALYSIS
The price is consolidating within a bull flag pattern. Currently, it is breaking above the resistance trendline of the flag. A breakout would strongly confirm a bullish trend. Keep an eye on it.
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Читать полностью…#FIL/USDT ANALYSIS
FIL has bounced from the trendline and found support within the Ichimoku cloud, accompanied by a notable increase in trading volume. Currently, it is hovering near the breakout point of the ascending triangle.
A definitive breakout would validate a bullish trend, whereas a rejection could indicate a continuation of price consolidation within the triangle's confines.
#BTC/USDT ANALYSIS
BTC breakout the ascending triangle and retesting above it after a good consolidation. A successful retest above the triangle would be the confirmation of an upward move. In case the price comes inside the triangle we'll see further movement inside the triangle.
#TOTAL MARKET CAP ANALYSIS
The total market cap experienced a significant pump with strong volume following the breakout of the rising wedge. Additionally, it surpassed the horizontal resistance level. The MACD crossover indicates a bullish momentum, suggesting a potential continuation of the upward movement.
The anticipation is for a bullish trend to persist if the candle closes successfully or if there is a proficient retest above the horizontal support.
#BTC/USDT ANALYSIS
BTC experienced a significant volume-driven pump from the Ichimoku cloud, concurrently breaking out of the symmetrical triangle pattern. At present, the momentum suggests a continuation of the bullish rally. A successful retest of the triangle could further solidify this upward trend.
#XRPUSDT ANALYSIS
XRP is maintaining its position inside the symmetrical triangle. Presently, it is near the triangle breakout point. A definitive breakout would serve as bullish confirmation, while a decline could suggest ongoing consolidation within the triangle's pattern.
#BTC/USDT ANALYSIS
BTC is currently trading within an ascending triangle pattern above its trendline support, with the MA 200 serving as an additional support level. A bounce is anticipated from this point, and a definitive breakout from the triangle would signal a bullish confirmation. However, in the event of a sustained breakdown, a correction in the market is also anticipated.
#USDT DOMINANCE ANALYSIS
The USDT.D appears to have experienced a breakdown of the descending triangle, followed by a retest below it. A successful retest would serve as bearish confirmation for USDT.D.
It is essential to observe that a downward movement in USDT.D is typically considered a bullish signal for the cryptocurrency market, given their inverse relationship.