#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap has surged to a new all-time high following a solid breakout from the super ascending triangle pattern with significant volume.
Additionally, the Ichimoku Cloud is showing strong bullish momentum, further reinforcing the potential for continued gains across the cryptocurrency market.
Traders should watch for key support levels to hold and monitor for sustained bullish price action.
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#AUCTION/USDT ANALYSIS
AUCTION is breaking out of the descending channel's resistance trendline. The Ichimoku Cloud is currently serving as a resistance barrier above the price. A decisive breakout, followed by a successful retest, could confirm a bullish rally.
#BTC/USDT ANALYSIS
Bitcoin is encountering resistance at the horizontal supply zone after bouncing off the support trendline of an ascending broadening wedge. The Ichimoku Cloud is acting as support beneath the price action. A decisive move is awaited to confirm the next directional trend. Keep an eye on it.
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#ETH/USDT ANALYSIS
ETH has successfully broken out of the descending triangle pattern with significant volume, signaling strong bullish momentum.
The Ichimoku Cloud also supports this upward trend, indicating that a new peak for ETH could be on the horizon.
#BTC/USDT ANALYSIS
Bitcoin is currently facing rejection at the horizontal supply zone after rebounding from the support trendline of an ascending broadening wedge.
The Ichimoku Cloud is providing support below the price action. Further price development is needed to confirm the next direction.
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Читать полностью…#BTC/USDT ANALYSIS
Bitcoin is rebounding from the support trendline of an ascending broadening wedge pattern, currently trading above the 21MA and 50MA, which are providing strong support and indicating bullish momentum.
This setup suggests the potential for an upward movement. However, if Bitcoin breaks below the wedge's support trendline, it could trigger a market correction.
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AUCTION is pumping hard and price hit $19.71 🚀
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#C98/USDT ANALYSIS
C98 is approaching a critical trendline breakout from the falling wedge pattern, with the 21MA providing strong support and signaling bullish momentum. A successful breakout from the pattern could ignite a powerful bullish rally.
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#BTC DOMINANCE ANALYSIS
BTC Dominance is finally breaking down from the rising wedge pattern on the weekly timeframe. The 21MA is currently acting as support. A successful retest of the pattern could confirm a strong downward move.
It's important to note that BTC.D often has an inverse relationship with the altcoin market cap, so this breakdown could signal potential bullish momentum for altcoins. Keep a close watch
#ENS/USDT ANALYSIS
ENS has broken out of an ascending triangle pattern with strong momentum and is currently undergoing a retest above the breakout level. The Ichimoku Cloud is acting as a support, indicating bullish strength.
A successful retest could confirm a continuation of the bullish trend. Monitor it closely for potential opportunities.
#S&P 500 ANALYSIS
The S&P 500 has successfully broken out of its ascending triangle pattern and is now forming a double top pattern, suggesting a potential downward movement.
This aligns with the Ichimoku Cloud, which continues to highlight underlying bullish momentum. After filling the CME gap, a minor pullback could occur, potentially paving the way for a stronger rally.
Notably, the S&P 500’s price action often correlates with trends in the cryptocurrency market, making it an essential indicator to watch for broader market signals.
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#BLZ/USDT looks a perfect buy here
Holding strong above HISTORIC support levels 👀
Accumulation going on from more than 3months above demand zone
MACD indicating bullish momentum ahead🛫
Looks ready for a takeoff anytime from here🚀✌️
Targets: $0.16-0.185-0.22-0.25