SOLUSDT was trading in bullish parallel channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending channel.
Now the price is retesting the broken channel and broken support level. which is also the 50% fib retracement level.
it seems like the sellers can attack again this bearish...
CHRUSDT is in strong bullish trend and recently has given the breakout from symmetrical triangle. The price was reacting well the support and resistance of triangle.
Currently the price has break through the resistance of triangle where the buyers are showing good strength .
If the breakout sustain to upside ,the optimum target could be 0.1090 followed by...
ZENUSDT was trading in descending parallel channel and recently it seems like bulls are starting to take the charge and are about to breakout from descending channel with significant bullish divergence as well. Currently the price is forming a local support around 6.75 region.
Will the bulls take charge again continue for leg higher?
Tether is eventually going to crack and will become depeg from the USD. When this happens - much like TerraUSD, it will lose massive amounts of marketcap and come tumbling down to pennies on the dollar. This will likely coincide with the failure/collapse of Binance.
Don't hold your buying power in USDT, USDC or any other stable coin or you could lose it in a flash!
A Bullish Movement May Happen Soon
DOTUSDT has formed inverted head and shoulder and break the neckline as well.
Currently the price is testing neckline and it seems like it is ready to fly.
Currently the price is maintaining bullish momentum as well.
OP is forming a Symmetrical triangle..
Recently the price has retraced the bit of bearish move and now the instrument is trading at broken support which being act as a support. There are more chances that price will fall from this resistance area.
What you guys think of this idea ?
MATICUSDT recently been on nice bullish trend. Recently it broke through the major structure and now seems like it is loosing bullish momentum as the instrument already formed bearish divergence on lower time frame.
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OAXUSDT was in bullish trend and broke the resistance area around 0.1988 region. Currently the instrument retesting the broken level and seems like it will also provide the 3rd pivot to inclining trendline around 0.1915 region.
Will that region be a good buying option ?
As for Dominance Tether, my view is that it will continue to rise to 8.23% levels, and then it will start to rebound. The increase in demand is an early movement by whales to motivate buying, or it is a new trap.
OAXUSDT is looking very weak and trading in downward channel. Currently holding the temporary support but support seems to be very weak. Will it break this support and head much lower?
Share your reviews as well.
When last time NKNUSDT made a very strong bullish rally, before rally its consolidation last for 46 days. After that bullish move new consolidation also has completed 46. Is the 46 days time cycle has ended before next bullish move?
Once this pennant breaks below BTC is likely to hit $22.5k+.
Is it likely? I think Yes.
Lower support is around 4.14%
Once this level hits expect some correction in the market.
The charts show the possibility of the continuation of this uptrend.
Invalidation:- Break and close above 4.85%
Let me know what. you think.
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