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The crypto market is a fertile ground for traders who know where to look. Today, our focus is on the SAND/USDT Perpetual pair on Bybit, specifically on its 1d chart. An interesting long setup seems to be developing.
Key Support Reclaimed: The price recently reclaimed a significant support level at $0.3805. This development...
Spotting early signs of a potential bounce is crucial for reaping significant gains. One such possibility seems to be emerging on the ETH/USD.P 1d chart on Bybit. In this analysis, we'll explore why ETH may be poised for a bullish reversal and why traders should keep a close eye on this pair.
Point of Control (POC): We find ourselves...
Looking at the 1D chart for BTC/USDT on Bybit, the 24,800K - 25K area stands out. This zone was once a formidable resistance level that was never truly tested as a support. Around 10/11 days ago, we witnessed a near 8% bounce, driven by two significant bullish RSI divergences (Big green circles), a MACD cross up (M↑), and a DMI cross up (D+)....
FTM/USDT has been on a strong downtrend on the daily chart, but there are potential bullish signs emerging as we approach some key levels:
Strong Support Level: The price is nearing a significant support level at $0.2907. This level has acted as a reliable foundation in the past and might once again provide a strong bounce for the price.
I would like to bring your attention to a notable chart pattern forming on the ATOM/USDT 1D chart. The price has been consolidating within a significant falling wedge pattern, which is yet to experience a breakout. It is essential to closely monitor this pattern as it has the potential for a significant price movement.