On the 2-hour chart of Bitcoin (BTC/USD), the price is moving inside a symmetrical triangle pattern. This pattern represents a price compression, indicating a potential trend continuation or reversal, depending on the breakout.
The symmetrical triangle pattern is about to reach its convergence point, suggesting that a breakout, either to the upside or downside,...
TONUSDT on the 1-hour chart shows a sharp downward movement, clearly influenced by the arrest of Pavel Durov, founder and CEO of Telegram. The news caused panic among investors, resulting in a massive sell-off of TON, as seen on the chart.
Before the drop, the price of TON was in an accumulation phase, with a strong upward trend, as highlighted in the first...
BTCUSDT 1H: The Moment of Truth
Analysis:
Accumulation Phase: The BTCUSDT chart on the 1-hour timeframe indicates an accumulation phase. The price has been consolidating within a tight range, reflecting a period of indecision in the market. This accumulation usually precedes a significant move, either up or down.
We should keep a close eye on the resistance at...
VeChain is currently at a critical point, showing signs of potential upward movement and a strong support base. The chart indicates a recent upward trend following a prolonged decline.
Resistances and Support:
Resistance I: Around $0.02850, where the price might face difficulties breaking through.
Resistance II: Near $0.03355.
Support: Located at $0.02037, an...
At this moment the "V" recovery suggests a strong buying impulse, but it is necessary to monitor resistance levels to confirm whether this recovery can be sustained, it should exceed 10.34%. Overcoming will we start the expected altseason??
The OTHERS.D chart represents the market dominance of altcoins, which are all cryptocurrencies excluding the top ten by...
Kaspa - daily chart: The ascending triangle is getting clearer.
The chart suggests a bullish structure with the formation of an ascending triangle. At the bottom of the chart it shows a stochastic oscillator that is currently at low levels (circled in orange), suggesting that the asset may be oversold and reinforcing the upward movement. If the price manages to...
Analyze XTZ/BTC
The long sequence of red candles in a row shows the bearish channel, but looking in perspective it is clear that XTZ/BTC is in an accumulative formation, indicating a trend reversal.
The MACD histogram is below the zero line, indicating the reduction in bearish momentum, its convergence indicates that a change in trend may be close.
The RSI is...
Price Action:
Bitcoin's daily candle showed extreme volatility, with a swing of $10,000 in a single day.
The price peaked near $69,300, surpassing the previous high, indicating strong initial momentum.
After the peak, the price fell sharply to $59,300, a move that resulted in the liquidation of around 1 billion dollars worth of leveraged positions. This type of...
ZIL/USDT 1H
If the price holds above the 0.01764 support level and breaks the 0.01823 and 0.01835 resistance, we could see a continuation of the uptrend. However, if the price falls below support, especially 0.01725, we could be looking at a deeper correction, as on the one hand, the RSI suggests that the market may be overbought, which could indicate a correction...
We are currently observing an accumulative triangle formation in the BANUS/WBNB pair. The BANUS coin currently sits on the bottom edge of this triangle. This formation often suggests that investors are waiting for some market trigger or direction before deciding on the next trend.
With an RSI set at 3.7, we notice an exhaustion of selling forces. This could signal...
DOT/USDT
Watching these levels can be useful to identify potential entry points: it is currently showing supports at 5,162 and 5,119. This indicates that these are the price levels at which buying pressure has historically entered and reversed a downward trend.
Considered short-term targets or points to consider taking profits:
On the resistance side, we see...
Supports for ATOM/BTC are located at 0.0002800 and 0.0002433. These are the price levels where historically selling pressure has eased and demand has increased, supporting the price.
Resistances are set at 0.0003452 and 0.0003912. These are the price levels where buying pressure has eased and supply has increased, creating a barrier to the price going up.
The...
The given bearers for the RUNE/BTC pair are 0.0000281 and 0.0000252. These are the levels where prices have had a hard time falling in the past. This means that these levels can be considered 'floors' or 'barriers', where the fall in price can slow down or be stopped.
The resistances are at 0.0000359 and 0.0000437. These are levels that prices have struggled to...
RDNTUSDT 1H
Our impeccable “ulianov bands” indicator
The RDNT in cumulative wedge formation, needs to break 0.3938 to be able to return to the target of 0.4746]
SUPPORTS 0.3765 / 0.3696
RESISTANCES 0.3938 / 0.4016
Seller RSI
MACD: Losing Pace in the Bearish Zone
MM100: 0.4019
On the RDNT platform it is possible to provide liquidity or lend assets such as DAI,...
