#DOT/USDT ANALYSIS
DOT is moving in a falling wedge. It bounced with a good volume from the trendline support and currently, it is facing the MA 100 and the Ichimoku cloud resistance.
A solid breakout of the wedge would be the bullish confirmation, while a rejection will result in further movement inside the wedge.
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Читать полностью…#DOGE/USDT ANALYSIS
DOGE has bounced from the horizontal support and is currently moving toward the trendline resistance of the descending triangle. Here, the MA 50 and the Ichimoku cloud are both serving as significant resistance levels.
MACD crossover indicates bullish momentum. A solid breakout from the triangle would confirm the bullish trend. Conversely, in the event of rejection, DOGE is likely to continue consolidating within the confines of the triangle.
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#AVAX/USDT ANALYSIS
AVAX is currently following a falling wedge pattern, and it appears to be in the process of attempting a breakout. The MACD crossover is indicating bullish momentum.
A decisive breakout of the wedge would confirm the bullish sentiment, while a rejection could lead to continued trading within the wedge pattern.
#BTC DOMINANCE ANALYSIS
The BTC.D chart is currently showing a rising wedge pattern on the 2-day timeframe. It is approaching the resistance trendline. The RSI is in the overbought region and is displaying bearish divergence.
If it encounters a significant rejection, this could serve as a potential indicator of an upcoming bull run in altcoins.
#BTC/USDT ANALYSIS
BTC experienced a significant increase in trading volume following the breakout from the ascending triangle pattern. Presently, it is encountering resistance at its previous high.
A strong breakout above this level would serve as confirmation for the continuation of the bullish momentum. Should it face rejection at the horizontal resistance, the next likely scenario is a test of the horizontal support.
#XRP/USDT ANALYSIS
XRP has rebounded from the ascending trendline support. At present, it is encountering both horizontal resistance and the MA 200. A strong breakout above the horizontal resistance is needed to confirm a bullish scenario. If it faces rejection, the it will likely retest the trendline support.
#BTC/USDT ANALYSIS
BTC has broken out of the ascending triangle pattern and successfully retested it with an upward move. Additionally, the MACD indicator has recently shown a bullish crossover.
It is exhibiting strong momentum, as evidenced by the increasing trading volume. This suggests that a continuation of the bullish trend is anticipated.
#USDT DOMINANCE ANALYSIS
USDT.D is moving in a symmetrical triangle. Currently, it is near to the breakdown, where MA 50 and the Ichimoku cloud are acting as support.
A sustained breakdown of the triangle would be the bearish confirmation and in case of a bounce and breakout of the triangle, that would confirm a bullish move. We've to note that it works inversely proportional to the crypto market.
#BTC/USDT ANALYSIS
BTC is currently forming an ascending triangle pattern on a 4-hour timeframe. It is currently attempting to break out of this pattern. A strong breakout from the triangle would confirm a bullish trend, while a rejection would likely lead to further consolidation within the ascending triangle.
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#BTC/USDT ANALYSIS
BTC has broken out of the ascending triangle pattern on the 8-hour timeframe with a significant trading volume. This breakout successfully absorbed all the available upward liquidity.
Currently, it is undergoing a retest above the triangle. As long as the price remains above the triangle, a bullish movement is anticipated. However, if the price re-enters the triangle, it is likely to continue consolidating within the triangle pattern.
#BTC/USDT ANALYSIS
BTC is following the predicted path after breaking out of the symmetrical triangle. Furthermore, it has successfully breached a significant horizontal resistance level at $ 32,000 after a long time, which will now act as a strong support in case of a pullback.
The MACD crossover indicates a bullish momentum, suggesting the likelihood of a continued upward movement from this point onward or following a successful retest of the horizontal support level in case of a retracement.
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Читать полностью…#TOTAL MARKET CAP ANALYSIS
The total market cap has continued its bullish momentum following a successful breakout and retest of the descending triangle. Additionally, it has broken above both the MA 100 and the Ichimoku cloud, accompanied by a significant increase in trading volume.
This suggests a potential continuation of the bullish trend, especially considering the growing volume. In case of a rejection and price falls below the Ichimoku cloud then this is the only sign of correction in the market.
#BTC/USDT ANALYSIS
BTC has broken out of the symmetrical triangle pattern with a noticeable increase in trading volume on a 2-day timeframe. The MACD indicator has registered a bullish crossover, indicating a spike in positive momentum.
The Ichimoku cloud is displaying a bullish trend. As long as BTC remains above the boundaries of the triangle, a continuation of the ongoing bullish rally is anticipated.
#ALTS MARKET CAP ANALYSIS
The altcoin market capitalization has broken out of the descending triangle pattern. Currently, it is in the process of retesting above the triangle and encountering the MA 50. The MACD crossover indicates a bullish momentum.
A successful retest above the triangle would confirm the bullish sentiment. Conversely, if the price reenters the triangle, it would signal consolidation within the pattern.
#BTC/USDT ANALYSIS
BTC continued it's bullish move after the breakout of the ascending triangle. Currently, it is facing the strong horizontal resistance. A solid breakout above it would be the bullish confirmation, while in case of a rejection, it might took some correction.
#LINK/USDT ANALYSIS
LINK is consolidating in a descending triangle from a long time. Currently, it is attempting to do a breakout. A solid breakout of the descending triangle would be a strong bullish confirmation. In case of rejection it will further consolidate inside the triangle.
#S&P 500 ANALYSIS
The S&P 500 is presently maintaining a position above both the horizontal support and the MA 100 support. It is precariously perched on the brink of the Ichimoku cloud support.
To regain momentum, the bulls must exhibit some significant strength. If the horizontal support experiences a sustained breakdown, it may trigger a subsequent downward movement.
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Читать полностью…#TRB/USDT ANALYSIS
TRB is moving in an ascending triangle. Currently, it is facing the horizontal and the Ichimoku cloud resistance. A solid breakout would be a bullish confirmation, while in case of rejection, it will further consolidate inside the triangle.
#US DOLLAR ANALYSIS
The US dollar is currently trading below a significant horizontal resistance level. The RSI has experienced a rejection from the overbought region. This suggests that a downward movement in the dollar is anticipated as long as it remains below this horizontal resistance.
A solid breakout above this resistance level would confirm a bullish trend. It's worth noting that the dollar often exhibits an inverse relationship with the crypto market.
#PNT/USDT ANALYSIS
PNT is currently trading within a long falling wedge pattern. It is currently attempting to break out of this wedge formation, while encountering resistance from the MA 100 and the Ichimoku cloud.
A decisive breakout from the wedge would confirm a bullish trend, while a rejection would indicate the likelihood of continued movement within the wedge pattern.
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#TOTAL MARKET CAP ANALYSIS
The total market cap has rebounded following a successful retest of the descending triangle. At present, it is in the process of breaking out of the Ichimoku cloud and attempting to breach the MA 100.
The MACD crossover indicates bullish momentum. A candle closing above the MA 100 would confirm the continuation of the bullish trend in the market.