The Solana price appears poised for a potential decline, with the 50-day Simple Moving Average (SMA) at 19.71 being the crucial level that could provide support. Based on weak recent performance, except for the period following the Visa announcement, I personally anticipate a breakdown.
The current market situation presents a somewhat mixed picture, to be frank. We find ourselves trading below the green box, indicating a bearish sentiment, but it's essential to note that we remain within an overall uptrend, which is a bullish sign. There's a likelihood of testing the trendline at around 4,430. On the bullish front, a potential scenario involves...
A brief Ethereum (ETH) update: The price continues to trade within the green box, signifying a consolidation phase where it's moving sideways. The key levels to watch are 1'640 and 1'615, acting as the upper and lower boundaries. A decisive breakthrough of these levels will likely guide us toward the next support or resistance levels indicated by the blue lines.
Solana is trading on support at the bottom of the box. Lose it and is a freeway to high 17s. If it holds we can see a rally to test 22 again. No trading zone here.
Tesla's trajectory is remarkably aligned with specific Fibonacci levels. A straightforward yet potentially effective strategy emerges: A decisive breach beyond 240 would pave the way for an upward progression towards 264. Conversely, a breach below 240 would likely trigger a descent towards 210. Be patient and act accordingly.
Solana's current trading pattern is characterized by sideways movement within the range of 19.7 to 20.4. The next significant price shift hinges on a breakout or breakdown from this range. In my analysis, there is a favorable inclination towards an upward movement. It's worth noting that a breach of the 19.7 mark followed by a test of 21.6 appears to be the most...
The price executed a smooth liquidity absorption precisely as projected, then proceeded to probe the frequently highlighted zone at 21.6. We're at a crucial crossroads now: a breakdown could usher in a return to the lower 20s, while a resilient hold (which appears more probable) would pave the way for an upward movement to 23.5, testing the 200 SMA.
Nice hold of the green box for the S&P, a breach of it would have brought the price target as down as 4'150. We could expect 4'410 to act as resistance now, a break of it would bring us back in the upper green box with the possibility of targeting 4'500.
Tesla's current trajectory suggests a bearish sentiment taking hold, hinting at a forthcoming test of the pivotal 200-SMA at USD 220. A decisive breach of this level could open the door to an initial target at 210, and if the bulls falter there, the spotlight may turn towards the 180 mark as the next potential support zone.
Doge is currently testing the recent upward trend. If it holds around 0.738, potential for uptrend continuation to 0.77. A breakout could catapult it to 0.79.
BTC's current trend leans bearish, possibly leading to a test of 28,840. A clear break and retest of the 29,600 (200 SMA) is the key to a bullish shift. Revisiting 28,260 remains likely and could signal an optimal entry for the upcoming bull run.
Solana's trading pattern has been consistently oscillating within the range of 22.5 to 24.0. Notably, there have been opportune dips around 22.3, presenting favorable buying opportunities for long scalping strategies. Despite this, our trading approach will remain within the confines of this range until a breakthrough occurs beyond the green box. One scenario...
Doge's current configuration suggests a favorable opportunity for an upward trajectory. Levels: 0.79¦ 0.77 0.74 ¦0.72 A breach of the 0.77 level could propel it towards a rally reaching 0.79. Conversely, in a downside scenario, a breach below 0.74 might lead to a descent towards the 0.72 mark.
The current trajectory of the BTC price suggests an inclination towards testing the 200-day Simple Moving Average at 29,770. While this possibility holds merit, it's prudent to acknowledge the likelihood of a subsequent rejection. In this context, a deliberate examination of the 28,260 level seems imperative before any substantial upward movement can be envisaged. NFA
It appears that Doge is approaching a potential test of the 200 Simple Moving Average (SMA) in the near future, currently positioned at 0.72 at the time of this writing. Presently, the prevailing market conditions lean towards a bearish sentiment. Should the 200 SMA prove to be a robust support level, there is potential for a price resurgence towards 0.74....
Solana looks like it wants to test the 100 SMA at 25. We had a perfect dip to 22.8 and a rally that stopped at 24. If it can flip 24 it is highly likely that the price will reach 25. Adjust your orders accordingly. NFA
LTC is still trading in the 89-95 range. Level to watch for breakout are 91-94. Only clear breaks of these levels will show the direction for the next big move. Not much to do here. NFA
The Bitcoin price range is gradually narrowing, signaling an imminent significant move. Given the prevailing uncertainty, it is advisable to maintain mental flexibility and be prepared to adapt to any direction the price may take. A breakout above 30180, followed by surpassing 30330, could trigger a rally towards the 31000 level. Conversely, a breakdown below...