AlgoBotTrading

AlgoBotTrading

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

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A good 4H candle close above 0.77 area will trigger a low risk long position for Matic. the break of upper trendline and 0.77 R/S zone shall result in a pump in this coin.

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ICP is probably forming an inverse Head & Shoulders pattern. a good 4H candle close above the 14.0 area can be used as a trigger for a long position.

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it's logical and wise to assume that USDT dominance might face some support in 4.8% area followed by a small rise which shall cause some small correction/dump in BTC and the market. of course the other scenario is that 4.8% area breaks and USDT.D drops to next level of support (4.6%).

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USDT dominance perfectly followed May 01 analysis and started to drop from 5.4% area which resulted in a good pump in BTC and the market.

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ETH is forming a contracting pattern. as the leader of Altcoins, once it breaks out of the pattern, many other coins will follow ETH and we'll probably be seeing some good pumps in alts

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so if we assume the yellow trendline to be strong enough, BTC is about to touch it and at least a pump can be expected. considering BTC's chart and USDT.D analysis, it seems we're going to have some up move in the market.

AlgoBotTrading

Looking at USDT Dominance chart shows that a weekly retest of 5.0% area is almost done so the whole dump in crypto over the past few weeks hasn't been something irrational !! As you can see the 5.0% zone is a very strong resistance area meaning that USDT.D can form a top here and start the drop again which will cause the market to pump.

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#USDT.D Weekly & 12H charts 5.0% zone is a very strong resistance area meaning that USDT.D can form a top here and start the drop again which will cause the market to pump. Looking at 12H chart it's also pointing that the upward move in USDT.D can end somewhere in 5.19% - 5.71% zone.