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#BONK/USDT ANALYSIS
BONK has recently broken out of its descending channel and successfully retested this breakout level. Currently, it is on an upward trajectory. The MA 21 indicates bullish momentum, suggesting a potential continuation of the upward trend.
#BTC/USDT ANALYSIS
BTC experienced a significant pump in volume following a successful breakout and retest of the bullish pennant. The current momentum suggests a potential continuation of the bullish rally either from this point or after a successful retest of the marked horizontal support.
#TOTAL MARKET CAP ANALYSIS
The total market cap witnessed a significant pump accompanied by strong volume following the breakout from the ascending triangle. Moreover, it surpassed the horizontal resistance level. The Ichimoku cloud signals a bullish momentum, implying a potential continuation of the upward trend.
The expectation is for the bullish trend to persist if the candle closes successfully above the resistance level or after a successful retest above the horizontal support.
#STX/USDT ANALYSIS
STX has broken out of the ascending triangle and is currently retesting above it. A successful retest above the triangle would confirm an upward trend. The Ichimoku cloud indicates bullish momentum, suggesting a potential continuation of this upward movement.
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#BNB/USDT ANALYSIS
BNB has broken out of the descending triangle and is currently retesting above it. A successful retest above the triangle would confirm an upward trend.
The Ichimoku cloud indicates bullish momentum, suggesting a potential continuation of this upward movement. If the price fails to retest above the triangle, we may expect more movement inside the triangle.
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#ARB/USDT ANALYSIS
ARB has broken out of the ascending triangle and is currently retesting above it. A successful retest above the triangle would confirm an upward trend. The Ichimoku cloud indicates bullish momentum, suggesting a potential continuation of this upward movement.
However, if the price falls back inside the triangle, we may expect further movement inside the triangle.
#BTC/USDT ANALYSIS
BTC is currently in a consolidation phase within an ascending triangle, with attempts to initiate a breakout. The Ichimoku cloud indicates a bullish trend.
A definitive breakout from the triangle would serve as confirmation for a bullish scenario. Until then, it is anticipated that further movements will occur within the triangle.
#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.
#US DOLLAR ANALYSIS
The US dollar is consolidating within a symmetrical triangle, with the price currently rebounding from the triangle's support trendline.
Significantly, the US dollar remains below the MA 100. It's essential to recognize its historical inverse correlation with the crypto market.
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Читать полностью…#BTC/USDT ANALYSIS
BTC is still retesting above the bullish pennant. MA 21 is acting as support. A bullish move is expected for however long it is trading above the pennant. A failed retest would be a sign of correction in the market.
#ALTS MARKET CAP ANALYSIS
ALTS market cap has notably increase in volume after the breakout from the symmetrical triangle. Moreover, it has surpassed the horizontal resistance level and is currently undergoing a retest.
A successful retest would strongly confirm a bullish sentiment for ALTS. If there's a sustained decline below the horizontal support, it might suggest the possibility of further correction in the ALTS.
#BTC/USDT ANALYSIS
BTC is currently making an attempt to surpass a crucial weekly horizontal resistance, a breakthrough of which would serve as confirmation for another bullish rally in the market. On the other hand, a rejection at this level would signal a potential correction in the market.
#BTC DOMINANCE ANALYSIS
BTC.D is currently trending within an ascending channel. After bouncing off the trendline support, it is now encountering resistance from the Ichimoku cloud.
If there is a rejection and subsequent decline in BTC.D, especially while BTC remains relatively stable or exhibits bullish signs, it could be considered a bullish signal for altcoins.
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Читать полностью…#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.