AlgoBotTrading

AlgoBotTrading

Previous analysis on May 21 has played well so far. BTC is currently in a critical zone where breakout can occur from either sides: - crossing above the blue trendline and 70600 zone will probably result in a new ATH - crossing below both white and yellow trendlines and later below 65800 level (as confirmation) shall lead to a dump towards at least 60k - 61k...

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ETHFI has followed analysis so far and did hit 4.45 as TP2. it is expected to see further drop towards TP3 in the upcoming days.

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Analysis on ETHFI (2H) suggests that it will probably drop to lower levels according to one of the indicated paths. Tight SL: 5.23 (Entry: 4.99 - 5.2) Wide SL: 5.47 (Entry: 4.99 - 5.4) TPs: 4.75 - 4.45 - 4.11 - 3.82

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USDT Dominance chart has followed previous analysis (May 21) and there was a retest of 4.60% area as predicted. New analysis suggests that there might be another retest of 4.5% - 4.6% zone in which the yellow trendline is touched again. if this scenario takes place, we will see another dump in the market.

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BTC has perfectly followed previous analysis and had a retest of 66k - 67k zone. The subsequent reaction to the mentioned zone has not been that strong yet (mostly because if the low volume during weekend). New analysis suggests two possible scenarios for BTC and the whole market in general: 1 - Crossing above the upper boundary of the channel which shall lead to...

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Possible Long setup for FLUX/USDT (8H) Tight Stoploss: 0.8595

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Possible Long setup for DUSK/USDT (8H) Stoploss: Slightly below 0.34 zone

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Possible Long setup for SYN/USDT (8H) Activation: 8H close above 0.85 Stoploss: Slightly below 0.83 zone

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Possible Long setup for ZEC/USDT (8H) Tight Stoploss: Slightly below 24.0 (Futures) Wide Stoploss: 22.80 (Spot)

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Possible Long setup for GMT/USDT (8H) Tight Stoploss: Slightly below 0.2250 (Futures) Wide Stoploss: 0.2040 (Spot)

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possible long setup for XTZ Stoploss: Slightly below 0.95 level

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ETHBTC chart is currently in a support zone. we want it to 1- cross above the yellow trendline and 2- make a good weekly close above 0.06117 in order to have a nice ALTSEASON. basically sharp rise in ETH/BTC chart means ETH is outperforming BTC and it's a clear sign of Altseason.

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when SOL/ETH chart is rising, it means SOL is doing better compared to ETH (in both pumps and dumps - rising more in pumps and dropping less during market dumps) and when it's in a downtrend, it means ETH is better compared to SOL. this is the 3D timeframe, as can be seen, it is already in resistance zone and it seems it's gonna break below the white trendline...

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USDT Dominance chart as perfectly followed early may analysis and is currently heading for lower level. there might be a retest of the broken level of 4.6% soon which can cause a small correction in the market.

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BTC is getting closer to a resistance zone and a little bit of weakness can be seen in the current move, a possible scenario is that BTC makes a small correction towards 67200 level (retest) and then shoots towards higher levels as shown in the picture. p.s: as long as 65900 isn't broken (8H) , we're all bullish.

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The weekly chart suggests that BTC.D is near its peak in this cycle as it is in an area where 3 different resistances are present: 1- Long term weekly downtrend (yellow) 2- Supply/Resistance zone of 57.2% 3- 0.618 fibonacci retracement of 2021 major decline the combined effect of the mentioned resistances will most probably lead to another major drop in BTC.D...

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BTC has crossed above a descending trendline. it's high possibility that it is going to cross above 67200 zone and then head for the ATH and higher targets (80K channel and above)

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Atom is currently in a low risk area for a long position, it has the potential to head for the following targets: 10.1 - 11 - 12 suitable SL can be somewhere slightly below 9.15 area, i.e 8.99 or 9.0