MonoCoinSignal

MonoCoinSignal Updated 

Bitcoin's journey around the $70K mark has become a well-known story in the trading world. It's like a ceiling that just won't give way. Every time Bitcoin's price climbs, it seems to hit its head on this $70K mark and drops back down to around FWB:65K —a safer spot that traders seem more comfortable with. When we look at the Bollinger Bands, we see Bitcoin's...

MonoCoinSignal

On a daily timeframe, we have drawn an ascending trendline and are witnessing the formation of an upward pattern known as a running flat. After this pattern was formed, the currency experienced a significant increase and is currently undergoing price and time corrections. Previously, we had mentioned the possibility of forming a triangle pattern, the upper side of...

MonoCoinSignal

The price initially fluctuated within a specific range between the first support and resistance levels. After breaking the first resistance and forming a pullback, the price is expected to rise towards the second orange box. Additionally, the current bearish candles are considered a temporary correction, and given the bullish and reversal patterns on the daily...

MonoCoinSignal

OKB has recently formed a triangular pattern, where the upper side of the triangle is highlighted with black lines and has successfully broken upwards. Based on this breakout, new price targets have been determined. Additionally, the lower side of the triangle is considered as an ascending trendline, serving a supportive role. Currently, the price is moving...

MonoCoinSignal

In the 4-hour timeframe of ADA, we previously observed an upward trend, which warranted the drawing of an ascending trendline. However, the market trend has recently shifted downward, confirmed by the breaking of the first significant support, known as the blue box. This area, previously recognized as the main support, has failed to prevent a price drop, resulting...

MonoCoinSignal

Previously, we discussed that orange zones would act as resistance levels and green zones as support levels. After reaching the first resistance level, the price encountered a correction phase and then settled at the targeted support level. Subsequently, following a period of fluctuation in that area, the price managed to break through the red resistance level,...

MonoCoinSignal Updated 

Gold is currently priced at $2,324, showcasing a steady climb in its 4-hour chart. It's not just that the price is ascending; it's doing so in a manner that traders often describe as "healthy," with a consistent pattern of peaks and troughs suggesting controlled buying interest rather than speculative spikes. This is a typical characteristic of the forex market,...

MonoCoinSignal Updated 

Bitcoin's approach to the $70k mark shows its continued attempts to breach this significant price level. The technical indicators from the chart and associated data show an optimistic scenario. The Bollinger Bands remain wide, with the upper band at $69,980.27, which Bitcoin has tested. This could indicate a bullish trend as the price hovers near the upper range...

MonoCoinSignal

Fantom (FTM) has been showcasing an interesting price development, currently trading at $0.9297. On the 4-hour chart, FTM's recent climb shows it's approaching a local, dynamic resistance level which may indicate a near-term challenge for the price to push higher. The Bollinger Bands reveal that the price is nearing the upper band, which can often act as a...

MonoCoinSignal Updated 

Dogecoin is currently priced at $0.1757, showing a downward movement on the 4-hour chart. The price is close to what might be a strong support level, a price where Dogecoin has previously found a steady footing. If the price can hold at this level, it might be a good sign for Dogecoin, potentially leading to a rebound. However, if the price falls below this...

MonoCoinSignal

AR is presenting a clear narrative on the 4-hour chart. With the current price at $33, AR has shown some weakening in its bullish momentum, as indicated by the price movement converging with a dynamic resistance level and falling back. The chart details a point where the price has lost its upward drive and indicates that this could be a pivotal area for future...

MonoCoinSignal Updated 

SOL is currently trading at $185, showing some volatility within the established range. The 4-hour chart illustrates a pattern where SOL is sandwiched between dynamic resistance and support levels, indicating an ongoing tussle for direction. Despite the recent 3.32% drop, the price remains within the trading channel defined by these bounds. The upper Bollinger...

MonoCoinSignal Updated 

In the BTC chart, we're seeing a delicate balance as the market decides its next major move. The MACD remains in bearish territory, yet the recent uptick suggests underlying strength that could soon reflect in the price if sustained. However, caution is warranted until this potential reversal is confirmed by a solid bullish candle closure. The RSI hints at...

MonoCoinSignal

As we zoom in on the intricate details of this Bitcoin chart, we’re essentially time traveling through the life story of a revolutionary currency. This isn't just a tale of wild price swings; it’s a deep dive into how Bitcoin has weaved itself into the fabric of global finance. We've seen it grow from a digital seedling into a towering tree in the financial...

MonoCoinSignal Updated 

The recent 5% drop to $65,915 after yet another rejection at the $70,000 prize zone is telling of the market's current sentiment and the strength of this resistance area. The rejection, not an isolated event, marks a continuing trend this month, indicating that the $70,000 level is a significant psychological and technical barrier. As I've mentioned before,...

MonoCoinSignal Updated 

PEPE is in an interesting position on the 1-hour chart. It's in a slow uptrend and has recently pushed past a key resistance level that had been keeping the price down. This move up is backed by high trading volume, which signals strong interest from traders. The technical indicators, when taken together, show a market that’s cautiously optimistic. The Bollinger...

MonoCoinSignal Updated 

Reviewing Bitcoin's journey since 2020 , the trajectory has been predominantly upward on the weekly timeframe, depicting a strong bullish trend. In the first notable instance, Bitcoin reached an all-time high of around $64,000 in April 2021. This was surpassed by another high of approximately $69,000 in November 2021. Following this, the price underwent a...

MonoCoinSignal

DOGE is currently presenting a compelling technical setup on the 4-hour chart. The price of Dogecoin has recently pulled back to 0.019944, after approaching a dynamic resistance trendline that has been guiding it for some time. The chart indicates that Dogecoin has also retreated from a resistance level that was based on previous price actions, which suggests that...