#BTC/USDT ANALYSIS
BTC pumped after breaking out of the ascending triangle pattern, accompanied by an increase in trading volume. This pump indicated strength in the market, further emphasized by its breakthrough beyond the critical resistance level of $36,000.
The current momentum suggests a continuation of the bullish trend. In the event of a correction, it is anticipated to form a higher low either at $36,000 or above the ascending triangle pattern.
#SOL/USDT ANALYSIS
SOL pumped with a decent volume after the breakout of the ascending triangle. Currently, it is facing horizontal resistance. A solid breakout of the horizontal resistance would be the bullish confirmation. However, if it faces rejection, a correction may be anticipated.
Notice of Removal of Spot Trading Pairs - 2023-11-10
https://www.binance.com/en/support/announcement/d6ff2248d337458cac062afb4e0c8f27
#ALTS MARKET CAP ANALYSIS
The ALTS market cap has sustained its bullish momentum following the breakout of the descending triangle and the Ichimoku cloud. It is currently encountering resistance at a previous high.
A decisive breakout above this past high resistance would confirm the continuation of the bullish rally. Conversely, if there is a rejection, we might witness a retest of the Ichimoku cloud.
Binance Will List Ordinals (ORDI) with Seed Tag Applied
https://www.binance.com/en/support/announcement/4bd64404aa384fe5a00e0f9b131035db
#BTC DOMINANCE ANALYSIS
BTC.D has entered a rising wedge pattern following a false breakout. The MACD crossover appears poised to turn bearish. Additionally, the RSI, after being rejected from the overbought region, is now trending towards the oversold region.
This suggests an anticipated downward movement in dominance. Considering BTC's sideways movement and bullish indications, this could serve as a strong bullish sign for altcoins.
Binance Will Support the TomoChain (TOMO) Rebranding to Viction (VIC)
https://www.binance.com/en/support/announcement/034eee2293964e26b915b1ec5c42972a
#S&P 500 ANALYSIS
The S&P 500 has experienced a significant bounce with strong volume from both horizontal and MA 200 support levels. This indicates bullish momentum, suggesting the potential continuation of the upward trend.
Such a development could also signal a bullish trend for the crypto market, given its direct proportional relationship with the S&P 500.
#SHIB/USDT ANALYSIS
SHIB has broken out of the symmetrical triangle pattern with substantial volume. 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 symmetrical triangle.
#USDT DOMINANCE ANALYSIS
USDT.D is currently following a descending triangle pattern. At present, it is maintaining a position above the horizontal support level. Additionally, it has broken above the MA 200.
A sustained breakdown of the descending triangle would be necessary to confirm a bearish trend. It's important to note that its movements are inversely proportional to the crypto market.
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Читать полностью…#DOGE/USDT ANALYSIS
DOGE has broken out of the descending triangle with a successful retest. Currently, it is attempting to break above the MA 200. A candle close above the MA 200 would signal a bullish continuation. However, if it faces rejection, it is likely to retest the Ichimoku cloud.
#TOTAL MARKET CAP ANALYSIS
The total market cap pumped significantly with high volume following a successful retest of the descending triangle. It broke past the previous high resistance, with bullish candle closes above it.
A continuation of the bullish trend is anticipated from this point onward or following a successful retest of the horizontal support in the event of a retracement.
#BTC/USDT ANALYSIS
BTC experienced a significant volume pump from the ascending trendline support. It is currently encountering horizontal resistance.
A clear breakout above this horizontal resistance would strongly confirm a bullish trend. Should a retracement occur, it is likely to retest the trendline support.
#UNFI/USDT ANALYSIS
UNFI breakout the symmetrical triangle on the weekly timeframe with a decent volume. MACD crossover is showing bullish momentum. A continuation of the bullish move is expected for however long it is trading above the triangle.
#BTC/USDT ANALYSIS
BTC is currently forming an ascending triangle pattern on a 4-hour timeframe. The RSI is situated in the neutral zone, indicating a period of indecision between bulls and bears. It's crucial to monitor for a sustained breakout or breakdown to confirm the next directional move in the market.
#GRT/USDT ANALYSIS
GRT experienced a significant pump in volume following the breakout of the falling wedge pattern and the Ichimoku cloud. Additionally, the MACD crossover indicates a bullish momentum.
It is anticipated that the bullish rally will continue, and in the event of a retracement, it might retest the falling wedge once more.
#BTC/USDT ANALYSIS
The weekly candle close for BTC appears bullish, although not as strong as the previous week. It is currently striving to break through a critical horizontal resistance to confirm a strong bullish trend.
However, if it faces rejection, there's a possibility of a retest at the indicated horizontal support level.
#BTC/USDT ANALYSIS
BTC has broken out of the ascending triangle pattern with a considerable increase in volume. Additionally, it has breached the Ichimoku cloud. A bullish rally is anticipated as long as it continues to trade above the triangle. However, if the price re-enters the triangle, we might witness further movement within its confines.
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#OP/USDT ANALYSIS
The OP is experiencing a breakout of the symmetrical triangle with a successful retest above it. Additionally, it is breaking out of the Ichimoku cloud, though it is encountering resistance from the MA 100. A candle close above or a breakout beyond the MA 100 would confirm a bullish rally.
#BTC/USDT ANALYSIS
BTC is currently trading within an ascending triangle pattern, accompanied by a deviation move on a 2-hour timeframe. The MA 100 is serving as a support level. It is crucial to monitor a significant breakout or breakdown to confirm the short-term direction.
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