Binance Will Support the Lisk (LSK) Contract Swap
https://www.binance.com/en/support/announcement/80b0136686834d318621cd1457fd3461
#US DOLLAR ANALYSIS
The US dollar is forming an ascending triangle on the daily timeframe. It has experienced rejection from the horizontal resistance and is now moving towards the support trendline.
We need to await a clear breakout or breakdown of the triangle, which will confirm its next direction. It's worth noting that the US dollar often exhibits an inverse relationship with the crypto market.
#CHR/USDT ANALYSIS
CHR is currently moving within a falling wedge pattern, nearing a breakout point where the 100-day moving average (MA) is also serving as resistance. A strong breakout from the falling wedge would confirm bullish momentum.
#TOTAL MARKET CAP ANALYSIS
The total market cap has broken out of the falling wedge pattern and is currently retesting above it. It is encountering resistance from the 200-day moving average (MA).
A break above the MA 200 or a successful retest of the falling wedge would confirm a bullish trend. Conversely, if the price retraces back inside the wedge, it could indicate further consolidation within the pattern.
#BTC/USDT ANALYSIS
BTC, after being rejected from the trendline resistance of the triangle, is currently consolidating above the horizontal support. We have to wait for a solid breakout or breakdown of the triangle to confirm its next direction.
#ALTS MARKET CAP ANALYSIS
The altcoins market cap has broken out of the descending triangle pattern and is currently retesting above it. The Relative Strength Index (RSI) indicates an oversold condition.
An upward movement is anticipated as long as it continues to trade above the triangle. However, if there's a failed retest and the candle closes below the descending triangle, it could signal a correction in altcoins.
#IMX/USDT ANALYSIS
IMX has broken out of the symmetrical triangle pattern. The Ichimoku cloud and the 100-day moving average indicate a bullish trend. An upward move is anticipated following a successful retest of the triangle.
#BTC DOMINANCE ANALYSIS
BTC.D is currently moving within a rising wedge, which technically constitutes a bearish pattern. The RSI has been rejected from the overbought region. A sustained breakdown of the rising wedge would confirm the bearish sentiment, while a bounce from current levels would suggest further consolidation within the wedge.
If BTC.D declines while BTC moves sideways or experiences bullish momentum, this could signal potential bullish momentum for altcoins. Conversely, if BTC.D pumps while BTC moves sideways or experiences bearish pressure, this might indicate a bearish outlook for altcoins.
Amidst the hype and market rally surrounding approval of the spot #Bitcoin ETFs, the unrealized profit of Bitcoin holders expanded considerably faster than that of #Ethereum investors.
As a result, the Bitcoin NUPL metric crossed 0.5 and entered the euphoria phase three months before the equivalent metric for Ethereum.
#S&P 500 ANALYSIS
The S&P 500 pumped after retesting the MA 21, and currently, it is encountering resistance at previous highs. The MACD crossover indicates bullish momentum.
A definitive breakout above the previous high would confirm bullish sentiment, while rejection would signal a correction. It's worth noting that its performance typically correlates with the crypto market.
Binance and KuCoin have registered with India’s Financial Intelligence Unit. KuCoin paid a $41,000 fine and has resumed operations. Binance’s financial penalties are still to be determined after a hearing and it is expected to resume operations after paying the fine.
Читать полностью…#USDT DOMINANCE ANALYSIS
USDT.D went down after the breakdown of the rising wedge, and it is now approaching a retest of the same pattern.
A successful retest would confirm a downward movement, while a failed retest would indicate an upward trend. It's important to note that this pattern typically operates inversely to the crypto market.
Measured from the $73k ATH, Bitcoin prices corrected by -20.3%, which is the deepest correction on a closing basis since the FTX lows in Nov-2022.
That said, this macro uptrend still appears to be one of the more resilient in history, with comparatively shallow corrections thus far.
#ADA/USDT ANALYSIS
ADA is currently moving within a descending triangle pattern, attempting to maintain its position above the horizontal support level. However, the volume is notably low. The RSI indicates that the market is oversold.
A sustained breakdown of the triangle would confirm bearish sentiment, while a bounce from the support followed by a solid breakout of the triangle would confirm bullish momentum.
#BTC/USDT ANALYSIS
BTC is trading above the horizontal support and inside the Ichimoku cloud, indicating indecision in the market. The MA 100 is serving as resistance. We must closely monitor a decisive breakout or breakdown of the triangle to confirm the next direction.
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#BTC/USDT ANALYSIS
BTC broke out of the descending triangle and is now coming down for a retest after being rejected by the MA 200. The Ichimoku cloud is acting as support. A successful retest of the triangle would confirm bullish sentiment. If the price closes inside the triangle, we might see further movement within its boundaries.
#SHIB/USDT ANALYSIS
SHIB is currently following a descending triangle pattern. It experienced a pump from the horizontal support level. The 200-day moving average indicates a bullish trend. It is presently encountering resistance from the trendline and the Ichimoku cloud. We must monitor closely for a clear breakout from the triangle pattern to confirm the bullish move.
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#WIF/USDT ANALYSIS
WIF is moving in a symmetrical triangle. Currently, it is trading below the trendline resistance and inside the Ichimoku cloud. RSI is in the neutral zone. We've to keep an eye on a solid breakout or breakdown of the triangle for the confirmation of its next direction.
#BTC/USDT ANALYSIS
BTC is moving in a descending triangle. It is holding above the horizontal support with a low volume. A good volume volume bounce and breakout of the descending triangle is the bullish confirmation, while a sustained breakdown of the triangle is the bearish confirmation.
#FTM/USDT ANALYSIS
FTM is currently moving within a symmetrical triangle pattern. It is showing signs of rejection from the trendline and encountering resistance from the MA 200. Meanwhile, the Ichimoku cloud is serving as a support level. We need to patiently await a clear breakout or breakdown of the triangle to confirm its next direction.
#BTC/USDT ANALYSIS
BTC was rejected from the trendline of the descending triangle and is currently holding above the horizontal support. A bounce could be expected from here, while a sustained breakdown of the horizontal support would be a bearish sign.
#DOT/USDT ANALYSIS
DOT has broken out of the falling wedge pattern and is now retesting above it. The Ichimoku cloud indicates a bullish trend. Presently, it is encountering resistance at the 100-day moving average (MA). A successful retest or breakout above the MA 100 would confirm the bullish trend.
#BTC/USDT ANALYSIS
BTC has bounced from the horizontal support with decent volume and broken out of the Ichimoku cloud. It is now moving toward the trendline, and a solid breakout of the trendline would confirm bullish momentum. Conversely, a rejection and sustained breakdown of the horizontal support would confirm bearish sentiment.
Introducing Notcoin (NOT) on Binance Launchpool! Farm NOT by Staking BNB and FDUSD
https://www.binance.com/en/support/announcement/b78921ecf7c94e50973850fc47f497b9
#UMA/USDT ANALYSIS
UMA has rebounded from the horizontal support with high volume and is currently encountering both the Ichimoku cloud and the trendline resistance. A solid breakout of the trendline would signal a bullish continuation, whereas rejection would indicate a potential retest of the MA 200.