SOL/USDT 4h chart 1. Trend:
• The price was bounced off from the yellow growth line, but it just pierced it down. This is the first signal of buyers' weakness.
2. Support (red lines):
• $ 200 - psychological level, just tested.
• 193.6 $ - stronger support if the current one cannot withstand.
• 187.4 $ - even lower, bull defense limit.
3. Resistance (green lines):
• $ 206.9 - the first greater resistance to come back up.
• 214.7 $ - stronger, where there were reflections before.
• $ 220.5 - main resistance, heavy to punctures.
4. Stoch RSI (downstairs):
• It is low → the market looks sold out, which means that there may be a chance to reflect, but there is no reversal signal yet.
⸻
👉:
Sol has lost his growth line and is now fighting to stay $ 200. If it falls lower, subsequent stops are $ 193 and $ 187. Only breaking over $ 207–214 will show the strength of buyers.
Resistence
Visa (V) – AVC Compression Around Key Zone 340–354Visa is trading in a compressed zone with multiple Anchored VWAP converging, creating what I call an AVC (Anchored Volume Compression) setup.
This indicates energy is building up, and a decisive move outside the 340–354 range could set the next directional leg.
Support: 340
Resistance: 353–354
Watch for a breakout or breakdown from this congestion area to gauge momentum.
BNB/USDT 4H chart1. Trend
• There is a clear yellow inheritance trend on the chart - the price has been moving under it for a long time.
• Currently, the course is testing this line - that is, we are at which it is possible to either break up the mountain or another reflection down.
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2. Key levels
• Resistance resistance:
• 856 USDT (SMA - green line, short -term resistance).
• 865 USDT (last local peak, additional psychological resistance).
• Support (Support):
• 849 USDT (red SMA #1).
• 843 USDT (horizontal support).
• 835 USDT (stronger support, marked in red).
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3. Indicators
• SMA - the price is between short -term (red) and medium -term (green) average walking. This is a consolidation signal.
• MacD - the blue line pierces the orange from the bottom, the histogram begins to shine green → a sign of potential growth.
• RSI - around 45–50 → neutral, shows neither a sale nor buying out. It indicates the possibility of both directions.
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4. Possible scenarios
• bullish (upward):
• If the price stands out above 856–865 USDT and persists, a possible level of 880 USDT levels.
• Confirmation will be further strengthening MacD and RSI going towards 60+.
• Bear (inheritance):
• If the course is rejected from the trend line, the decline may go down to 843 USDT first, and in case of puncture - up to 835 USDT.
• RSI Congress below 40 and MacD reversing down will confirm their weakness.
⸻
✅ Summary:
BNB is now in the decision zone - it tests the downward trend line and key resistance at 856–865 USDT. MacD suggests that bulls are trying to take the initiative, but RSI is still neutral. If the mountain is broken, the movement can be dynamic. If rejection - descent to 835 USDT very real.
BTCUSD 4h short-term📊 Trend and structure
• You can see the price output from the downward channel (orange trend lines). This is a signal of a potential change of trend.
• The price currently oscillates around USD 112,200, i.e. above several key supports (109,000 - 111,000).
• The nearest strong resistance is around 113,450 - 114,955 USD (marked with green lines and average SMA).
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📈 indicators
• MacD: MacD (blue) line pierces above the signal (orange) and the histogram grows in the plus → it is a growth signal.
• RSI: ~ 60, i.e. it grows, but is not yet entering the purchase zone (> 70). There is still room for increases.
• SMA:
• Price has pierced short -term medium (red and green lines, ~ 109–112k), which works as support.
• The next key test is SMA around $ 114,955 - a puncture could open the road to 116–118k.
⸻
🔑 key levels
• Support:
• 111.014
• 109.023
• 107.580
• resistance:
• 113,450
• 114,955
• 116,000+
⸻
📝 Summary
• short -term (4h) - signals are upward: breaking from the downward channel, positive MacD, RSI is growing healthy.
• Bull scenario: Breaking above 114,955 opens the way to 116–118k.
• Bear scenario: unsuccessful puncture 113,450/115K → possible retest support at 111K and 109k.
ETH/USDT (4H) 1. Trend
• The price is in the downward channel (designated orange lines).
• The last candle tests the lower restriction of the channel → Possible reflections or breaking down.
2. Horizers of support and resistance
• resistance (green lines):
• 4,440 USDT
• 4,382 USDT
• Support (red lines):
• 4,268 USDT (currently tested)
• 4,247 USDT
• 4,176 USDT
• 4 090 USDT (stronger support)
If 4,268 is pierced and maintained below, a further exit can be around 4 176–4 090.
3. RSI (Relative Strength Index)
• Currently RSI oscillates below 50 → Bear advantage.
• There is still a strong sale signal (<30), so theoretically there is still a space to decline.
4. Chop (Choppiness Index)
• The indicator shows a fairly "jagged" market → no strong trend, but from the current context of more bear pressure.
⸻
📊 Scenarios:
• Bull (reflection): If the price stays above 4 268 and reflects from the bottom line of the channel → possible traffic towards 4 382 and 4 440.
• Bear (continuation of declines): closing the candle 4h below 4,268 → a signal for further drop to 4 176 and even 4 090.
XRP/USD 1D Chart ReviewFormation
The chart shows a narrowing symmetrical triangle (orange lines).
The price is now in the lower part of the triangle, with support around $2.80–2.79.
If the price breaks out of this consolidation, we could see a larger trend move.
Supports
$2.80–2.79 – local support (lower line of the triangle).
$2.63 – strong horizontal support, reinforced by the earlier rebound.
$2.46 (SMA200) – key intermediate-term level.
Resistances
$3.00–3.08 (SMA50) – first major resistance.
$3.17 – next barrier.
$3.42 – strong resistance from July.
Indicators
MACD: below the 0 line, negative histogram → bearish signal, but no strong downward momentum yet.
RSI (41): close to the oversold zone, but still neutral-weak – no clear divergence.
SMA50 (red) is falling and is above the price → selling pressure.
SMA200 (blue) is rising and acting as medium-term support.
Scenarios
Bullish – a rebound from the lower boundary of the triangle (2.80) and an attack on $3.00–3.08. A breakout from the upper boundary of the formation will open the way to $3.42.
Bearish – a breakout below the $2.80–2.79 zone → a test of $2.63 and deeper into $2.46 (SMA200).
Summary
The market is at a critical juncture – price is squeezed within the triangle, indicators are neutral-weak, and volume is decreasing. A breakout from this consolidation (most likely in early September) will set the course for the next move.
👉 If you're trading short term, maintaining the $2.80 level is key.
👉 If you're trading medium/long term, only a break above $3.08–3.17 will provide a strong bullish signal.
BNBUSDT 4H Chart 1. Price structure
• Current price: ~ 858 USDT
• The price moves in the clinic in a lowering (yellow lines). Upper inheritance trend (~ 881) + lower growth line (~ 848).
• We see consolidation - the market is "squeezed" between supports and resistance.
2. Horizers of support and resistance
• Support:
• 855 (local, this is where the price stopped)
• 848 (Important - lower wedge + demand level)
• 840 and 829 (key with a larger decline).
• resistance:
• 861 (first test, short -term)
• 869 (stronger resistance, earlier reflections)
• 881 (upper wedge line, strategic resistance).
3. Oscillators
• RSI (Chop) - around 50, i.e. neutral → no clear advantage of bulls/bears.
• STOCHASTIC RSI - is located at the bottom of the zone (approx. 20-25), which suggests the possibility of reflecting up (bull signal, but only after the candle confirmation).
4. Scenarios
Bullish (reflection up):
• If the price persists over 855–848 → possible reflection to 861 and 869.
• Breaking above 869 → opens the road to 881 (Test of the upper line of Klina).
• Only closure of the 4h candle above 881 → a signal of a kick from the wedge and a stronger upward movement.
Bearish (continuation of the inheritance):
• If the price drops below 848 and closes the candle at this level → strong inheritance signal, tarpapers: 840 and 829.
• 829 is key support - its bursting down can deepen the declines.
⸻
📊 Summary
BNB is now in the Departing Clinic, in the uncertainty zone:
• Maintenance 848–855 = chance of reflection.
• Punction down 848 = signal to a stronger decrease.
• Only breaking above 881 = signal of stronger growth movement.
BTCUSD 1D Chart1. Price Trend and Structure
The BTC price has fallen below the yellow uptrend line – this indicates a break in the bullish structure and signals weakening buyers.
Currently, the price is hovering around $107,950, which is local support (red zone ~108k).
Next important supports:
$104,500 – $103,900
$98,400 (recent stronger demand level + near the 200 SMA).
Resistance to break:
$113,500 (green line, previous support now acts as resistance).
$118,000 (key level for a return to the uptrend).
$124,500 (highs).
2. Moving Averages
SMA 50 (green) and SMA 200 (blue) → classic trend analysis:
The price is currently below the SMA 50, confirming short-term weakness.
The SMA 200 (~$100,300) is still maintaining the long-term trend – only a break below would signal a more serious bear market.
Possible scenario: If the SMA 50 begins to decline and approaches the SMA 200 → a Death Cross threatens.
3. MACD
Negative histogram, signal line below zero → downward momentum continues.
No signs of a reversal (no positive divergence yet).
4. RSI
RSI ~47 – neutral zone, slightly below 50 → not oversold, but showing an oversold market.
The RSI previously rebounded from the ~70 line (overheating) and is now heading down.
5. Key Levels
Support:
108,000 (current)
104,500
98,400 (strategic)
Resistance:
113,500
118,000
124,500
📊 Scenarios
Bearish (more likely now):
If 108,000 fails → a test of 104,500, and in the longer term, 98,400 USD.
A break below 98,000 would signal a long-term downtrend.
Bullish (less likely at this point):
A return above 113,500 and a daily candle closing above this level → a signal for a reversal and a possible re-entry into the 118–124k range.
BTC/USD 4h Chart🔹 Trend and Price Action
• There was a downward trend on the chart (orange trend line).
• The price creates above the inheritance trend line, which is the first signal of the potential change of direction.
• Currently, the course oscillates around USD 111.9.
⸻
🔹 levels of support and resistance
You have key zones marked:
• resistance:
• $ 112 236 (local resistance - the price is currently struggling with it),
• $ 113 171,
• 114 481 $.
• Support:
• 110 677 $,
• $ 109 430,
• $ 107 309 (stronger support).
👉 If the price lasts above $ 112 $ 236 - we can see the test 113-114K.
👉 If it does not pierce, possible retest 110.6k or lower.
⸻
🔹 indicators
• MacD - I see that the blue line cut the orange from below → Bycza signal (confirms the attempt to change the trend).
• Stochastic RSI - is high (exit from the hole), but already close to the purchase zone → possible light withdrawal or consolidation before it moves further.
⸻
🔹 Scenarios
1. Bull (more likely now):
• Maintenance above 111.9k - 112.2k → Movement up to 113.1k and 114.4k.
• Breaking 114.4k opens the way to 116K+.
2. Bear (if he doesn't beat 112.2k):
• Rejection → descent to 110.6k.
• Breaking 110.6k → test 109.4k.
CRO/USDT 1W Chart📊 Current situation
• Price: ~ 0.2067 USDT (+33% per week).
• Trend: strong Breakout after a long consolidation.
• SMA:
• Short -term (red, ~ 0.1236 and 0.1592) was pierced → confirms the change of trend.
• Green (SMA #2) also below the price → bull signal.
• MacD: heavily growing histogram, MacD line above the signal → growth moment.
• RSI: ~ 70 → enters the purchase zone, but not yet extreme (no divergence).
⸻
📈 levels of support and resistance
• Support:
• 0.1592 (last Breakout Level).
• 0.1236 (strong zone of previous consolidation).
• resistance:
• 0.2347 (nearest resistance).
• 0.3374 (key resistance from higher intervals).
⸻
🧐 Interpretation
• We have a confirmed upward trend - the price has pierced the relegation line (yellow trend line) and the SMA broke.
• Momentum is growing (MacD, RSI, volume).
• However, RSI signals the possibility of short -term correction if the price hit 0.2347.
⸻
🔮 Scenarios
1. Bycza (more likely)
• If we keep it above 0.1592, possible attacks on:
• 0.2347 → Then even 0.3374.
• A good chance of continuing the trend within the average time.
2. Bear (correction)
• a decrease below 0.1592 → correction to 0.1236.
• Only a breakdown 0.1236 will negate the current upward trend.
SOLUSDT 1W Chart1. Main trend
• You can see a strong upward trend from holes around 120 USDT.
• The course currently moves along the growing trend line (orange).
• The last candles show that the buyers are defending support and each hole is higher → a sign of market strength.
⸻
2. Support and resistance (key levels from the chart)
• Support:
• 186.56 USDT - the first strong support (coincides with the trend line).
• 166.42 USDT - another stronger support.
• 139.00 USDT - main strategic support.
• resistance:
• 219.02 USDT - the closest resistance (currently tested).
• 253.15 USDT - strong resistance if 219 is broken.
• 296.24 USDT - another target in the event of a bull market.
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3. Indicators
• MacD - upward signal, lines are above the zero line, green histogram → momentum is growing.
• STOCHASTIC RSI - high, close to the purchase zone → a short correction may occur.
• RSI (classic) - ~ 60 points, i.e. not yet purchased, but the space for increases is reduced.
⸻
4. Scenarios
• Bycza (more likely at the moment):
If the SOL stays above 186 USDT and pierces USDT USDT, subsequent goals are 253 → 296 USDT.
• Bear (alternative):
If the price drops below 186 USDT and breaks the trend line, possible return to 166 and even 139 USDT.
⸻
🔑 Summary
• The trend is upward and still strong.
• Key breakdown is 219 USDT.
• Trend holding (above 186 USDT) = potential for further increases.
• Breaking the trend line = correction warning.
AVAX/USDT 1D ChartCurrently 25.86 USDT (+2.42%).
• The price has reflected from support around 22.6 USDT and broke over SMA (average walking).
• You can see an attempt to continue the upward trend - local "mini bull run".
⸻
2. Support and resistance
• Support:
• 24.39 USDT (SMA #1, short -term support).
• 22.60 USDT (strong support - earlier level of consolidation).
• 20.20 USDT (key hole below which the downward trend returns).
• resistance:
• 26.26 USDT (local resistance, currently tested).
• 27.72 USDT (another strong level of resistance).
• 30.95 USDT (key resistance - return to a strong supply zone).
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3. Medium walking (SMA)
• The price was pierced by SMA #1 (red) and SMA #2 (green).
• SMA #5 (blue) is located lower (~ 22.5), which shows that the short -term trend is now stronger than the long -term → bull signal.
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4. MacD
• The histogram begins to grow above line 0.
• The MacD line cut the signal line from the bottom → buy signal.
• The growth moment is developing.
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5. RSI
• RSI ~ 58 → neutral, but close to the "bull" zone.
• Not yet bought out (> 70), so there is space for further increases.
BNB/USDT 12h chart🔎 Current situation
• Price: 898.50 USDT (+7.03%) - outstanding candle.
• Trend: We see a strong growth impulse, confirmed by the reflection from the trend line (yellow).
• Support:
• 869.75 USDT (next short -term support).
• 838.37 USDT.
• 818.56 USDT (SMA #2).
• resistance:
• 921.99 USDT.
• 952.26 USDT (key level - potential target, can be tested).
⸻
📊 Indicators
• SMA (movable average):
• The price struck over SMA and lasts above-a pro-rectification signal.
• MacD:
• The MacD line pierces the signal line from the bottom → fresh buy signal.
• The histogram begins to grow green.
• RSI (Relative Strength Index):
• Currently ~ 60 → a lot of space for the purchase zone (70+).
• RSI directed up, confirms the momentum of bulls.
⸻
📈 Scenarios
1. Bycza (more likely short -term)
• If the price lasts above 869–870 USDT → attack on 922 USDT.
• Breaking 922 with a strong volume → Another target 950–960 USDT.
2. Bear (less likely now but possible)
• Rejection from 922 and descent below 870 USDT → withdrawal to 838 or even 818 USDT.
• Only the loss of 818 will negate the current upward trend.
⸻
📝 Summary
BNB currently looks very strong - a fresh growth impulse, breaking over medium, MacD gives a buy signal, RSI is not yet in the purchase zone.
➡️ If something negative on BTC or the wide market does not happen, then the 922 and 952 test is real in the short term.
BTC/USD 1H Short-term1. Main trend (short -term)
• The price is under the downward trend line (black line).
• Until this trend is broken up (approx.> 113,000–113,500 USD), the advantage remains on the Bear (inheritance) side.
2. Support and resistance
• The next support: 112.017 USD (if it falls → the next target is USD 111,232 and then 110.015 USD).
• The nearest resistance: USD 112,959, then USD 113,528 and a stronger level of USD 114.667.
3. Candle formation
• The last candle tests support at USD 112.017 and a defense attempt (lower wick) appears. This may suggest a short reflection, but still as part of the inheritance trend.
4. Oscillators (Stochastic RSI at the bottom of the chart)
• The indicator is in the sales zone (<20) and begins to turn up → a signal of a potential short -term reflection (SCALP LONG).
• However, if the reflection does not overcome the downward trend line, it will be just a correction rather than a change in the trend.
⸻
📊 short -term scenarios
• Bullish (reflection): If BTC maintains USD 112,000 and stochastic, he pulls up, possible traffic up to $ 112,950-13,500 (Trendline test and resistance).
• Bearish (continuation of declines): a breakdown of USD 112,000 opens the road to USD 111,200 and even USD 110,000.
⸻
📝 Application
• Trend for 1H: inheritance.
• Short -term signal: possible reflection from support (112K → 113.5k), but until the price boosts the downward trend line, the scenario of further declines dominates.
• Key level for observation: USD 112,000 (maintenance = reflection, breaking = further declines).
BTC/USD 1D LongTerm1. Price and main trend
• Current price: 113,448 USD (decrease -2.42%).
• On the daily chart you can see that Bitcoin pierced the yellow upward trend line and descended below the average walking (SMA). This is a signal of weakening the trend.
2. Support and resistance
• resistance:
• 117,687 (SMA - local resistance).
• 120,645 and 122.766 (stronger resistance zones).
• Support:
• 113.016 (first, local support).
• 110.541 (important support).
• 106,238 (key support - if it falls, more correction possible).
3. Medium walking (SMA/EMA)
• The price has gone below short -term medium (red and green lines).
• This suggests that the advantage has temporarily switched to the side of sellers.
4. MacD
• MacD histogram goes into a negative zone.
• The MacD line drops below the signal → This is a sales signal.
5. RSI
• RSI oscillates below 50 and slightly reduces.
• This means weakening the momentum of bulls and a potentially place for further decline (only around the RSI 30 would mean a strong sale).
6. Summary of the situation
• Technically the market looks weak - a breach of an upward trend, exit below medium and negative MacD.
• The next key support is: 113K → 110.5k → 106.2k.
• If 113K persists, it is possible to bounce up to 117k -120k, but only a return above 120K would change the sentiment to a more bullish.
XRPUSDT 4h chart📊 key levels
• Resistance:
• 3,3847 USDT (closest to strong resistance - earlier peaks).
• 3,2337 USDT (local resistance, now supply zone).
• Support:
• 3,1374 USDT (next support, currently tested).
• 2,9812 USDT (strong support, defense of buyers).
• 2,7390 USDT (key support below, loss = Possible strong descent).
⸻
📈 market structure
• The price is currently 3,0937 USDT, consolidates between 3,1374 and 2,9812.
• You can see a few attempts to break up, but each ends with a quick withdrawal → the market in consolidation.
• The medium -term trend (looking from the beginning of August) was upward, but we currently have a correction lateral phase.
⸻
🔎 What to observe
• Bulling: If the course breaks and persists above 3,1374, the goal will be 3.23 → Then the resistance test 3.38.
• Bears Breaking: If the course drops below 2,9812, then a possible descent around 2.74.
⸻
⚡ Fast rating
• The market is now in neutral consolidation.
• Short -term players should observe the reaction to 3,1374 and 2.9812.
• Only breaking out this range will give a bright direction.
BNB/USDT 4H chart reviewKey levels:
• Resistance: 845.64 → 867.39 → 898.75
• Support: 819.84 → 788.98 → 765.21
• Current price: ~ 835 USDT
Structure:
• The upward trend is still in force (black rising trend line).
• After the summit around 867, the market made a correction to 819 and bounced.
• Now the price consolidates between 819 and 845, just above the trend line.
Scenarios:
1. Bullish (advantage of buyers)
• If the price stays over Trendline and 845, a possible attack on 867, and then to 898.
• Confirmation of increases will be closed with a 4h candle above 845.
2. Bearish (sellers' advantage)
• Support loss 819 = weakness signal.
• Further goals: 789 and 765 (key support).
• Trendline fracture will further strengthen the pressure of supply.
📊 Summary:
• As long as 819 and the trend line hold the advantage on the bull side.
• 845–867 is a strong resistance zone - here you have to be careful about the implementation of profits.
• Breaking below 819 will open the way to a deeper correction.
ETH/USDT 4H chart review1. Trend
• Direction: a downward trend, confirmed by a series of lower peaks and lower holes.
• The black line is a downward trendline - a course from a few candles reflects it down.
• The increase in volume in declines suggests that the seller is still dominating.
⸻
2. Key levels
• Resistance:
• 4 634 USDT - the last strong resistance from which the price has reflected.
• 4,527 USDT - local resistance, coincides with Trendline.
• Support:
• 4,415 USDT - the current level of support tested, the price consolidates here.
• 4,300 USDT - another strong level of support; Breaking can accelerate the inheritance.
⸻
3. Current situation
• The price has fallen below 4,527 and is currently supporting 4 415.
• The candle formation on support is mixed - small green candles after a large red impulse suggest a temporary pause or a correction attempt.
• The volume on inheritance candles is higher than on growth → Seller still stronger.
⸻
4. Scenarios
🔴 Negative (more likely if the sales volume persists)
• If 4,415 is pierced with an increased volume, the purpose of the inheritance is 4,300 USDT, and in case of further pressure even 4,200.
• The downward trend is maintained.
🟢 positive (less likely at the moment)
• If the course reflects from 4 415 and breaks Trendline + Level 4 527, then possible movement in the direction of 4 630.
• This requires an increased volume of buyers.
BNB/USDT 1DTrend and market structure
• The price moves in an upward trend from the hole around 730 USDT, maintaining support on the trend line (orange line).
• Current price: ~ 840 USDT, close to important resistance at ~ 862 USDT.
• Another strong resistance is located at 940–950 USDT.
• The next support is 809 USDT (local horizontal level) and 758 USDT (earlier hole).
⸻
Medium walking (SMA)
• SMA #1 (red) is below the price - this is a growth signal.
• SMA #2 (green, long -term) is also below and inclined up - confirms the upward trend.
• SMA #5 (blue, very long) is far below - the market is still in the growth phase.
⸻
Indicators
• MacD - MacD line pierces the signal line from below, which is a buy signal. The histogram is slightly positive.
• RSI - ~ 66 points, grows towards the purchase zone (70). There is no extreme yet, but it is approaching - the risk of correction after breaking the resistance.
⸻
• (more likely with current dynamics): breaking the level of 862 USDT and continuation in the direction of 940 USDT. There are more profit realizations possible here.
• Bear: rejection from resistance and decrease in the direction of 809 USDT or even a trend line test and level 758 USDT.
ETC/USDT 1D Chart1. Trend and price structure
• The price is currently 23.71 USDT (+6.75% on the day).
• After an earlier inheritance trend (yellow dotted line - trend line), you can see an attempt to break up and maintain above SMA 1 (approx. 22.30 USDT).
• The next resistance is 24.50 and 26.00 USDT - you can see that the supply of supply was already 24.50.
• The next support is 22.30 and stronger at 21.02 USDT.
2. Medium walking (SMA)
• SMA #1 (red) - short -term, the price is above, which is a bull signal.
• SMA #2 (green) - medium -term, also below the current price, which supports the upward scenario.
• SMA #5 (blue) - long -term, is lower (approx. 18.85), so the main trend is not completely inverted yet, but the momentum is growing.
3. MacD
• The MacD line pierced the signal line from the bottom - buy signal.
• The histogram has gone down in positive values - the growing pressure of buyers.
4. RSI
• RSI around 55–60 - far from the purchase zone (70+), so theoretically there is still space for growth.
• RSI has pierced its average, which is confirmed by bull's sentiment.
5. Scenarios
• Bull: Maintenance of a price above 22.30 and a possible retest 24.50 with an attempt to break in the direction of 26.00. At 26.00 - road to 27.00–28.00.
• Bear: a decrease below 22.30 opens the road to 21.02, and a deeper descent - around 19.80 or 18.85.
6. Applications
• Short -term - advantage of buyers, but strong resistance at 24.50.
• A good moment for swing traders to watch the reaction at 24.50.
• For long -term positions - full confirmation of the trend reversal only after 26.00.
BTC/USD 1D1. Price Structure and Patterns
Medium-Term Trend: Since mid-June, the price has been consolidating between ~$112,000 and ~$121,000, but with a slight upward slope.
Upward Channel: Marked with orange lines – the current candlestick is near the top of this channel.
Triangle Breakout: The white dashed line indicates an upward breakout from the converging triangle (symmetrical) formation, which could signal continued growth.
2. Support and Resistance Levels
Nearest Support:
USD 117,009 (Fib. Level 0.236 and local low)
USD 115,912 (SMA200 – red line)
USD 112,167 (lower consolidation boundary and prior support)
Nearest Resistance:
USD 121,151 (Fib. Level 0.382)
USD 123,966 (Fib. Level 0.5 – key psychological and technical resistance)
USD 126,781 (Fib. Level 0.618 – strong resistance)
USD 130,788 (Fib. Level 0.786 – breakout target)
3. Technical Indicators
MACD: The MACD line is beginning to intersect with the upside signal line – suggesting the beginning of upward momentum.
RSI: 59 – rising, but not yet in the overbought zone (above 70). This means there is room for further growth.
Moving Averages:
The SMA50 (~$114,020) and SMA200 (~$115,912) are below the price – a bullish pattern.
The price has rebounded from the SMA50, which is often a good starting point for further growth.
4. Scenarios
Bullish (more likely at this point)
If the price holds above $118,000 and breaks $121,151, a quick move to $123,966 and then $126,781 is possible.
Confirmation – the daily candle closes above $121,151 on increasing volume.
Bearish
If the price falls below $117,000, a retest of $115,912 is possible, followed by $112,167.
A break of $112,167 could signal a downtrend reversal.
5. Key Observations
Volume is increasing on bullish candles → a sign of accumulation.
The price is near strong resistance at $121,000–$122,000 – a correction is possible here.
Longer term (Fib from the March low), there is potential for a move towards $130,000–$135,000 if the trend continues.