#US DOLLAR ANALYSIS
The US dollar is currently consolidating within a symmetrical triangle pattern and has recently broken below it with significant volume, signaling potential bearish momentum. A retest below the triangle appears likely, further supported by the Ichimoku Cloud, which also indicates a bearish trend.
Given the inverse relationship between the US dollar and the crypto market, this breakdown could suggest a further decline in the dollar's value, potentially leading to bullish conditions in the crypto market.
WSJ: Jerome Powell Says 'Time Has Come' for Fed Cuts. The Federal Reserve chair issues strongest signal yet that interest-rate cuts are coming. The pace of monetary tightening in the coming months will depend on a balance of risks across the U.S. economy. "We do not seek or welcome further cooling in labor market conditions," Powell said.
Читать полностью…#TRB/USDT ANALYSIS
TRB is currently trading within a descending triangle pattern and is attempting to break through its resistance trendline. A breakout above the triangle, followed by a successful retest, would confirm a bullish reversal. Keep a close watch on this potential setup.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is currently consolidating within a descending broadening wedge pattern and trading below a crucial horizontal resistance level. The Ichimoku Cloud is reinforcing bearish momentum, serving as additional resistance.
To confirm the next significant move, it’s essential to wait for a decisive breakout above the key level. A solid breakout could trigger an upward movement in the market cap, while a breakdown from the pattern would confirm a bearish trend continuation.
Patience is key until we see a clear and confirmed move.
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Читать полностью…Binance announced that it will stop trading the following spot trading pairs: ARKM/TUSD, CHZ/EUR, ENA/EUR, FIRO/BTC, IOTA/FDUSD, JOE/TRY, OMNI/BNB, REZ/BNB and SUPER/FDUSD. It will launch AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY and TON/USDC spot trading pairs. — link
Читать полностью…#BTC DOMINANCE ANALYSIS
BTC.D is consolidating within a rising wedge pattern and has recently been rejected at the resistance trendline. The MACD crossover signals bearish momentum, suggesting a likely continuation of the downward movement. This could lead to an upward trend in the altcoin market.
#VOXEL/USDT ANALYSIS
VOXEL has broken out of its descending broadening wedge pattern following a strong bounce off the support trendline.
The Ichimoku Cloud is now serving as support beneath the current price action. A successful retest above the wedge could trigger another bullish rally in VOXEL.
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a symmetrical triangle pattern, attempting to break through the resistance trendline after rebounding from the support.
The Ichimoku Cloud indicates bullish momentum, reinforcing the potential for an upward move. However, a decisive breakout is essential to confirm the continuation of this bullish trend.
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#ARPA/USDT ANALYSIS
ARPA is currently consolidating within a descending triangle, with a rebound occurring from the horizontal demand zone at the base of the pattern.
The Ichimoku Cloud serves as a resistance overhead, situated above the triangle. A decisive move, either a breakout or breakdown, is needed before considering any trades.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle pattern, with the 100MA acting as a key resistance level. The price is currently trading below this moving average, indicating potential pressure from sellers.
A decisive breakout or breakdown from the triangle will be crucial in determining the next directional move for BTC. Patience is needed for confirmation.
#USDT DOMINANCE ANALYSIS
USDT.D is trading within a symmetrical triangle, with the price currently facing rejection at the Ichimoku Cloud resistance. The 200-day Moving Average is acting as support beneath the current price, suggesting a possible bounce if the price reaches this level.
However, a break below the 200MA could indicate a decline in USDT dominance, which may lead to an upward trend in the broader crypto market, as USDT.D typically moves inversely to overall market trends.
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Amidst tumultuous market conditions as of late, Long-Term Holders have been locking in a reasonably consistent $138M in profit per day. With each transaction, a buyer and a seller are matched, with supply and demand imbalances resolved via price changes.
Therefore, we can infer that this ~$138M/day in LTH sell-side pressure is a read for the daily capital inflows required to absorb supply and keep prices steady. While market conditions have been choppy, prices are generally flat over the last few months, suggesting a form of equilibrium is being reached.
#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within a descending broadening wedge pattern, trading near the midpoint of the formation.
The Ichimoku Cloud is providing resistance above the current price level, while the 21-day moving average is offering support below.
A breakout or breakdown from this range will be needed to confirm the next significant move for BTC.
#ALPACA/USDT ANALYSIS
ALPACA is consolidating within a falling wedge pattern, currently encountering rejection at the Ichimoku Cloud, which is acting as resistance above the pattern.
A solid breakout, followed by a successful retest above the wedge, would provide bullish confirmation. Keep a close watch on this setup.
#BTC/USDT ANALYSIS
Bitcoin continues to trade within the ascending triangle pattern, facing rejection at the horizontal resistance zone.
The Ichimoku Cloud is providing support, indicating sustained bullish momentum. A decisive breakout or breakdown is needed to confirm the next significant move for BTC.
#ALTS MARKET CAP ANALYSIS
The ALTS market cap has broken down from the descending triangle pattern and is currently testing the area below the triangle. The 200MA is acting as support, while the 100MA is providing resistance.
A successful test of this pattern could lead to a downward movement in the ALTS market. However, if the retest fails, further consolidation within the triangle is likely.
#SOL/USDT ANALYSIS
SOL is currently consolidating within a descending triangle pattern and is facing rejection from the Ichimoku cloud, which is acting as a resistance barrier, indicating bearish momentum.
We should wait for a successful breakout or breakdown to determine the next direction for SOL.
#BTC/USDT ANALYSIS
Bitcoin continues to consolidate within an ascending triangle pattern. It's currently trading just above the support trendline, with the 100-day moving average providing support.
Meanwhile, the 200-day moving average is acting as resistance near the upper boundary of the triangle. A decisive breakout or breakdown from this pattern is needed to confirm Bitcoin's next move.
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#S&P 500 ANALYSIS
The S&P 500 has successfully broken out of a cup and handle pattern and completed a successful retest. The 21-day moving average is acting as support, while the Ichimoku Cloud indicates bullish strength.
Following the retest of the pattern’s neckline, the S&P 500 is now moving upward, signaling potential for further upward momentum.
The LTH Sell-Side Risk ratio remains lower than during previous ATH breaks, indicating that the LTH cohort is taking smaller profits compared to past cycles. This suggests they may be waiting for higher prices before increasing their selling pressure.
Читать полностью…Binance Will Support the Frontier (FRONT) Token Swap and Rebranding to Self Chain (SLF)
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#BB/USDT ANALYSIS
BB is consolidating within a descending triangle pattern. It is currently trading below the 21-day Moving Average, which is acting as resistance above the current price level. A decisive breakout or breakdown is needed to determine the next move.