US Dollar Index (DXY) analysis:
Recently you have seen or heard a lot about DXY and its impact on the market. So what is US Dollar Index (DXY)
The US Dollar Index is used to measure the value of the dollar against a basket of six world currencies - Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. That means if DXY goes up the...
BTS is respecting the uptrend line for a long time and now again retesting it. This is a good time to build your position in BTS. Also, there is an uptrend channel that acts as resistance.
Buy Zone: $0.056-$0.0573
Target: $0.064 - $0.069 - $0.0743 - $0.0789 - $0.0852 - $0.0912 - $0.0994 - $0.108 - $0.12 - $0.135 - $0.15
UNI get multiple rejection the major resistance of $29.4-$30.5 area. The local support area are $27 and $25.5 and the major support is $23-$23.6 area. There is also a double top formed at $30 resistance area. We may see a retest of lower support zone of $25.5 to get some fuel before going up. Wait for either the retest of support area or a breakout...
CTK break the resistance level and now retesting it. This is a good time to buy some CTK before the next leg up. We will see a good rally when BTC is stable in a range. CTK BTC pair also looking strong.
Buy Zone: $1.265 - $1.285
Target: $1.43 - $1.58 - $1.74 - $1.9 - $2.05 - $2.25 - $2.6 - $2.95
XTZ break the mid range resistance and now retesting it. This is a good time to build position in XTZ for mid term. XTZ BTC pair is also showing some strength and we will see a good rally in coming weeks. XRZ has a strong team and the team is working on the developments and partnerships.
Buy Zone: Near $3 (Add more in dips)
Target: $3.3 - $3.7 - $3.95 - $4.35...
BAKE forming a symmetric triangle that is now heading towards the decision zone. BAKE is one of the major exchanges for the Binance chain. We will see a good rally after the breakout.
Buy Zone: $1.95 - $2
Target: $2.2 - $2.45 - $2.7 - $2.95 - $3.3 - $3.75 -$4.1 - $4.5 - $4.9
Bitcoin breaks the downtrend line with a big candle and now trading above it. This is a bullish sign for Bitcoin. The next resistance area is $34,200-$34,300 where the daily 50 MA is. Bitcoin has not tested the daily 50 MA since 13 May. If BTC breaks above the daily 50 MA then we see more pumps in the coming days.
DOGE breaks the downtrend channel and the retest is also done. DOGE also breaks the market structure of Lower Low (LL) and Lower High (LH). This is a good sign for DOGE. DOGE also tested the major support zone of $0.16. Use a stop loss of slightly below $0.18 if you opening a long position.
LINK is now trading above the major support zone of $15. LINK needs to hold above the support zone. There is a descending triangle pattern also which is known as a bearish pattern and usually breaks in the downward direction. You can open a long near $15 support zone with a tight stop loss. The resistance, for now, is $16.8 - $17.1 area.
LIT is now at the trendline support and a bounce is expected. The major resistance zone is $2.95-$3.05 and we will see a good rally after it breaks the resistance area. The triangle breakout will start a new trend.
Buy Zone: $2.43-$2.46
Target: $2.75 - $2.95 - $3.3 - $3.55 - $3.8 - $4.25 - $4.6 - $4.9
Bitcoin is trading in the range of $30,000 - $40,000 with huge wicks on both sides. Bitcoin is in the range for almost two months. The lower point of the trading range is $30,000-$31,000. The midpoint of the range is $35,000-$36,000 and the upper point of the range is $40,000-$41,000. A daily candle that closes below $31,000 is bearish and will bring more dump....
MATIC breaks the $1 support after multiple retests. We already warned you about MATIC in previous posts. MATIC is now heading towards the major support zone from where the rally starts. The support zone is $0.75 - $0.82 area. MATIC needs to hold above $0.75 otherwise we will see a new downtrend that will lead MATIC to $0.5 or below. Good long...
CELR is now at the major support zone. The next resistance area is $0.0294-$0.0298 and $0.0335-$0.034. This is a good risk and reward trade. Expecting a good bounce from the support zone.
Buy Zone: $0.0248 - $0.0253
Target: $0.0271 - $0.0294 - $0.0334 - $0.0378 - $0.0415 - $0.0463 - $0.0513 - $0.055
ICP is now trading at the support zone. ICP also forming a falling wedge which is a bullish pattern if breaks in the upward direction. If ICP breaks the support zone of $35.2-$36.3 the next local support area is $33 and major support is $28.1-$29.8 area. ICP needs to break and hold above $40 to turn bullish. ICP airdrop tokens unlock every month...
Bitcoin is bouncing from the support trendline. We will see a retest of the upper trendline of the triangle that is around $34,000. Grayscale will unlock 40,000 BTC in the coming days with the largest unlock of 16,000 BTC on 18 July. We will see manipulation near the unlock. The breakout of the triangle will open a 20-25% move in direction of the...
DOGE is now forming a symmetric triangle and now nearing the deciding zone. The volume is going down and Elon Musk's influence is almost negligible. If DOGE breaks the $0.2 support area then we will see a $0.15-$0.16 retest. This is no trade zone for DOGE, wait and watch for a breakout.
ADA break the support zone also and retested it. If ADA is unable to break the $1.4 area and hold above it then we will see more dumps in the coming days. This is no trade zone as ADA is now facing heavy resistance. The local support zone is $1.28-$1.30 and the major support zone is $1-$1.1 area.
XRP is forming a symmetric triangle on a 4-hour chart and now at the support trendline. The support is around $0.61-$0.615 and a good area to open a long position with stop loss below $0.575. The resistance area is $0.66 and $0.7. If XRP breaks the triangle upward, we will see a rally towards $0.9-$1. The major support zone is $0.5 and if broken we...