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#US DOLLAR ANALYSIS
The US dollar has broken down from a rising wedge pattern with significant volume and has successfully retested the breakdown.
It has now fallen below the Ichimoku Cloud, which is acting as a resistance barrier above the price action.
Here, we can see a further downward movement. Keep a close watch on further price developments.
Given the dollar's inverse correlation with the cryptocurrency market, a decisive move in its price could significantly influence broader market trends.
#PERP/USDT ANALYSIS
PERP has broken out of the descending channel with significant volume and is currently trading above the breakout level.
The 21MA is providing strong support below the price action. A successful retest of the pattern could trigger a bullish rally. Keep a close watch on it.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is consolidating within a symmetrical triangle pattern and gaining momentum from the support trendline. The Ichimoku Cloud is acting as a resistance above the price action.
A decisive breakout above both the cloud and the pattern would confirm a bullish trend. However, a breakdown below the support trendline could lead to further market correction. Stay alert for the next move.
#AVAX/USDT ANALYSIS
AVAX is rebounding from the horizontal demand zone of a descending triangle pattern, with the 21MA currently acting as a resistance barrier.
A decisive breakout above the 21MA and the triangle would confirm a bullish trend.
However, if the price faces rejection at the 21MA and breaks down from the pattern, further correction could follow. Stay vigilant for the next move.
#ALTS MARKET CAP ANALYSIS
The altcoins market cap is consolidating within an ascending triangle and trading inside the Ichimoku Cloud. The 100MA is acting as a resistance barrier above the price action.
A bounce from the trendline and a solid breakout of the triangle would confirm bullish momentum in altcoins, while a sustained breakdown of the triangle would confirm bearish sentiment.
🚨 UPDATE: Bybit’s founder confirms the exchange is solvent and will cover the $1.46 billion loss 1:1.
Читать полностью…SEC AGREED TO DISMISS COINBASE LAWSUIT, SUBJECT TO APPROVAL
Читать полностью…#BICO/USDT ANALYSIS
BICO is consolidating within a falling wedge pattern and is currently rebounding from the support trendline.
The 21MA is acting as a resistance barrier above the price action. A decisive breakout above both the 21MA and the pattern’s resistance trendline would confirm a bullish trend.
#BTC DOMINANCE ANALYSIS
BTC Dominance is consolidating within an ascending channel and is currently rebounding from the 21MA, which is acting as a support level. It’s essential to wait for further price action developments to confirm the next move.
If BTC.D declines while BTC remains bullish or moves sideways, it signals a bullish trend for altcoins. However, if BTC.D rises or remains strong, a correction in altcoins is likely.
SEC launches Cyber and Emerging Technologies Unit, it will combat fraud in crypto among other areas
Читать полностью…#INJ/USDT ANALYSIS
INJ is rebounding from the support trendline of the descending broadening wedge pattern, showing signs of potential upward momentum. However, the 100MA is acting as a key resistance barrier above the price action.
A decisive breakout above both the 100MA and the pattern’s resistance trendline would confirm a bullish trend, paving the way for further gains. Stay alert for a breakout confirmation.
SEC acknowledges filing to permit staking for 21 Shares spot ETH ETF: filing
Читать полностью…#XVG/USDT ANALYSIS
XVG is trading within an ascending triangle pattern and is currently facing rejection at the horizontal supply zone.
The Ichimoku Cloud is providing strong support, indicating bullish strength. A decisive breakout from the pattern could confirm a bullish trend.
#USDT DOMINANCE ANALYSIS
USDT Dominance is rebounding from the horizontal demand zone of a descending triangle pattern. It has successfully broken above the 21MA resistance, which is now acting as support.
Further price developments will determine the next directional move, so it's crucial to monitor key levels for confirmation.
Given its inverse correlation with the broader cryptocurrency market, a breakdown in USDT Dominance could signal bullish momentum across cryptocurrencies.
#ACH/USDT ANALYSIS
ACH is consolidating within a symmetrical triangle pattern and is currently gaining momentum. It is breaking through the Ichimoku Cloud barrier, indicating potential bullish strength.
A confirmed breakout above both the pattern and the horizontal supply zone would signal a strong bullish trend.
However, failure to break out could lead to further consolidation within the pattern. Keep an eye on key levels for confirmation.
#WOO/USDT ANALYSIS
WOO is consolidating within an ascending triangle pattern and currently facing rejection at the horizontal supply zone.
The Ichimoku Cloud is providing strong support. A decisive breakout or breakdown is needed to confirm the next directional move.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle pattern and facing rejection at the resistance trendline. The 21MA is acting as a barrier above the price action, while the Ichimoku Cloud signals bearish momentum. A decisive breakout or breakdown is required to confirm the next directional move.
#DOT/USDT ANALYSIS
DOT is consolidating within an ascending triangle pattern and currently facing rejection at the horizontal supply zone.
It is trading above the Ichimoku Cloud, which is providing support. A decisive breakout or breakdown is needed to confirm the next move.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle pattern and is currently facing rejection at the resistance trendline.
The Ichimoku Cloud is also acting as a resistance barrier above the triangle, indicating bearish momentum.
A decisive breakout or breakdown is needed to confirm the next directional move.
Binance founder CZ reply to Bybit CEO BEN: Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Binance co-founder He Yi also said they would provide help if needed.
Читать полностью…JUST IN: Bybit founder confirms $1.4 billion $ETH hack.
Читать полностью…#GALA/USDT ANALYSIS
GALA is consolidating within a descending channel and is currently gaining momentum. The 50MA is acting as a resistance barrier. A decisive breakout above both the channel and the 50MA would confirm a bullish trend. Keep a close watch on it.
#BTC/USDT ANALYSIS
Bitcoin has broken out of the symmetrical triangle pattern with significant volume. A retest above the pattern is expected, with the Ichimoku Cloud acting as support below the current price action.
A successful retest would confirm bullish momentum, potentially triggering another rally in the market.
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#SNX/USDT BUY SETUP
SNX is consolidating within a large falling wedge pattern and is currently trading above the main support trendline.
A potential bounce from this level or a breakout above the 21MA and the wedge’s resistance trendline could trigger a strong bullish rally. Keep a close watch for a decisive move.
#BTC/USDT ANALYSIS
Bitcoin has broken out of the descending triangle pattern with significant volume, signaling bullish momentum. The Ichimoku Cloud is acting as support, reinforcing the upward trend.
Currently, the price is undergoing a retest above the pattern. A successful confirmation of this retest could trigger a strong bullish rally in the market.
#S&P 500 ANALYSIS
The S&P 500 is trading within an ascending triangle pattern and is currently testing a key horizontal supply zone. The 21MA is acting as strong support, reinforcing bullish momentum.
A decisive breakout above resistance could signal further upside, while a rejection may lead to a pullback. Waiting for confirmation of either a breakout or breakdown is essential for gauging the next move.
Notably, the S&P 500’s price action often aligns with cryptocurrency market trends, making it a crucial indicator of broader market sentiment.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending triangle pattern, trading just below the resistance trendline.
The Ichimoku Cloud is acting as a resistance barrier above the resistance trendline of the pattern.
A decisive breakout or breakdown is needed to confirm the next directional move. Stay vigilant for any significant developments.
NEW: Bitcoin Fear & Greed index reaches neutrality.
Читать полностью…#SOL/USDT ANALYSIS
SOL is consolidating within an ascending channel pattern and is currently trading above the support trendline. This level could act as a rebound zone, potentially leading to an upward move.
However, the Ichimoku Cloud is acting as a resistance barrier above the price action, which may limit upside momentum.
A breakdown below the channel’s support trendline would signal further correction and downside movement. Keep an eye on key levels for confirmation.