Tether
IRISUSDTIRISUSDT seems to be in good bullish trend.
The retest of little confluence of demand zone may push the price much higher.
AGIXUSDTAGIX was trading in bearish trend.
After bearish trend it spend most of the time in consolidation and now finally broke through the range.
Will it continue its bullish trajectory?
SOLUSDT → False breakdown of the 200SMA. Bullish direction The SOLUSDT has been in the 26-20 range for more than a month, after breaking resistance. The price makes a false break of the key support and tests the 200 SMA. What's next?
Earlier we saw a broken trend, but at the time of the breakout the market moved smoothly into a correction phase and bitcoin was dragging weak altcoins down behind it.
SOL is feeling more confident than bitcoin at the moment, tentatively, we can say that the bulls (big buyers) are trying to hold the asset of interest.
If the level of 20.34 will be held, then in the medium term it is worth to expect a breakdown of 26.05 and further growth towards 38.39, as this area is the key liquidity zone at the moment.
Strong support: 20.34, the 200 SMA, the descending boundary of the channel
Strong resistance: 50 SMA, 26.05.
I expect a rebound from the level of 20.34 and growth in the medium term, as the coin shows us good bullish potential at the moment.
Regards to R. Linda!
KAVAUSDT → Bullish dynamics on the background of red bitcoin KAVAUSDT shows bullish strength amid a falling market. The price does not follow bitcoin and continues to strengthen.
As almost the entire cryptocurrency market follows bitcoin and has been in the red zone for several days in a row, Kava / TetherUS breaks resistance and bursts forward.
At this point, the important task lies with the bulls. If the buyers manage to keep the price above the 0.800 range, the growth will continue in the medium term. The daily chart shows interest in the market.
The price breaks through the SMA-50 line and now seeks to test the SMA-200 resistance. If this area is broken, the price can form a bullish momentum.
Strong resistance: MA-200, 0.960, 1.140.
Strong support: MA-50, downward boundary of the range.
I expect if the price fixes above the previously broken line, the growth will continue. In this case I will wait for the price movement to 1.400, 2.000
Regards R. Linda!
ATOMUSDT → Price is strengthening. Resistance retest is formedATOM on the background of falling red BTC looks very good. A bullish reaction is formed on a false breakdown of the uptrend support.
The price forms a bearish wedge, the end of which is formed at the base of the uptrend, hence, the price at the breakdown of the wedge resistance will open the potential for growth to 18.00.
The moving averages are acting as resistance at the moment, but the price overcomes the important liquidity zone at 11.00. If the bulls keep the price above the 11.00 area, there might be more chances for breaking through the resistance, and if they do, we might see a good rally soon.
Strong support: 11.00, upward channel support, bearish wedge support.
Strong resistance: 11.306, downward wedge resistance
At the moment the chart shows us some bullish interest on the part of the buyer. The price is preceeding the local levels and continues to strengthen. If the bulls hold the 11.00 area, then on the nearest retest, the price might break the resistance and starts to form an upside to 13.450
Regards R.Linda!
USDT.D up or down now ?Dominance Tether
In the daily time frame, it is placed behind a resistance of 114 days and it cannot be rejected, and the candle is closed below that resistance.
Now, according to the status of the RSI indicator and the Bollinger Band, the probability of correction can be considered higher than the probability of breaking the resistance line.
Don't forget capital management.
BTCUSD → The price is held back by resistance 30340BTCUSD - an uptrend is forming on the chart within the price channel, but after a false breakdown of resistance, the price is not yet ready for a quick fall.
The price forms quite strong support area 27900-27000, which is quite actively defended by the bulls. The moving averages are acting as support, indicating an active trend. The price makes a false break-up of the MA-50 and goes back to the resistance for the next retest.
On the monthly chart, the price consolidates around the key resistance at 30430 for 2-3 months. There is no reaction to a false breakout.
Locally the price is squeezed in consolidation between channel resistance and 27000-27500 support level. I think another retest of the resistance could be successful.
Strong support: 27900, 27000.
Strong resistance: 30000, rising resistance line, 30430
I expect the end of formation of pre-breakdown consolidation with successful attempt to break through the upper border of the range, followed by the price growth to 32376, 36000
Regards to R. Linda!
ETHUSDT → The price is back in the green zone. Support retest ETHUSDT is forming an uptrend on the weekly timeframe. The target is the upper boundary of the range - 2020. The pair continues to test this area and with positive potential from bitcoin and bullish momentum in the market, Ethereum can finally break it.
The price again after another retest breaks the resistance of the local uptrend channel. The bulls are forcing a strong support area of 1800-1850, now, since the price is above the uptrend line, it is likely that the bulls will try to hold the 1900-1940 area. If the price succeeds, it might head towards 2167.
The moving averages are acting as support. A false break-down of the MA-50 sends the price to the retest of 2020.
Globally, there is a bullish potential after the false-break-down, the price continues to consolidate and gets ready for the further risings.
Strong support: Rising border of the channel, 1800-1850 area.
Strong resistance: 2020.
I expect continuation of growth after the next retest of support and possible consolidation of the price above the level.
Regards R. Linda!
BTCUSD→ Buyback of fall, Formation of pre-breakout consolidationBitcoin after a false breakdown of the key channel resistance makes a pullback, which made many speculators nervous. This reaction was adequate from the flagship, as after the strong rally it was necessary to form a pool of liquidity for further movement.
The price after the FB falls to the 50-day moving average, making a false-break through it and forming a bounce from the 0.382 Fibo area, which played the role of a strong support zone.
The price is buying back the fall in a few days and forming another retest of the uptrend channel resistance.
At the moment a consolidation is forming near an important level.
The price is squeezed in the range between 28000 and 31000 (marked with blue and red line). In the medium term, I expect a breakout of the upper boundary of this range with a subsequent rise to 36000.
Strong support: 28600 (false-break), 28329 (false-break) and 26655 (false-break).
Strong resistance: the upper boundary of the uptrend channel (break-up strategy), the 30000 level (break-up strategy) and 30575 (break-up strategy)
I suppose that the price may now form a consolidation near resistance of the key channel, but in the medium term I expect a breakout of the key line, a breakout of the upper border of the range mentioned above and growth towards 32376, then to 36000.
Sincerely R. Linda!
KNCUSDT → Strong consolidation after a resistance break KNCUSDT forms a breakout of range resistance. But this maneuver came at the time of correction of bitcoin and the whole market, so these nuances restrain further growth of KNC.
The coin after the resistance breakout forms consolidation in a narrow range, forming a strong support area below 0.600 and a strong resistance at 0.750.
The moving averages are also indicating lower volatility and a period of consolidation.
Price is forming multiple retests of the strong resistance area, I think that with positive leverage from bitcoin and more positive market sentiment, price will still break that area.
Strong support: 0.650, 0.600
Strong resistance: 0.750 (breakout strategy) 0.850
I expect that the price will continue to test the resistance at 0.750 and after the next attempt it will still be able to break it and will start to realize the accumulated potential.
Regards to R. Linda!
ADAUSDT → Recovery on the back of market growth ADAUSDT forms a support base on the background of a technical pullback in the area of 0.3750-0.3800. An uptrend is forming after breaking the previous one.
Bitcoin recovered most of its fall yesterday. One of the main reasons is again related to the banking sector.
Cardano also reacts to the growth of the flagship. The price makes a retest of the key resistance area of 0.4000. If the bulls can take control of this area, the cryptocurrency may reach the previously mentioned targets in the near future
Moving averages act as a support area, an uptrend is formed.
Strong support: 0.3800
Strong resistance: 0.4000, 0.4600
I expect, that on the base of cryptocurrency market recovery cardano can overcome important resistance and will continue its growth in the direction of 0.5500-0.6000
Sincerely R. Linda!
📈 Tether Dominance | Long-Term Lower Highs Bearish ConfirmationTether Dominance has been fighting to stay above EMA50 weekly since the year started, January 2023 and things aren't looking good for this index.
✔️ When Tether Dominance (USDT.D) goes down, everything Crypto (Bitcoin + Altcoins) goes up.
Tether Dominance closed last week above EMA10/21 just to be pushed lower once more, EMA50 working as support.
The longer a support level is challenged, the weaker it becomes.
Four and a half month EMA50 becoming weaker and weaker...
Since June 2022 we get lower high after lower high... Confirming the bears have the upper hand or else we would be seeing higher highs instead.
There are more bearish signals:
Trading volume keeps going lower and lower.
The RSI continues moving lower and lower, now below 50.
Bitcoin has one more bullish wave to give and we have an inverse relation between these...
It is the same chart, the same pattern we've been looking at now for many months... USDT.D peaking and consolidating before the next drop (distribution).
The longer it takes to break down, the stronger the drop when it comes.
It is very hard to invalidate this chart setup...
We would need to see a weekly close above 8.25%... So far it continues looking red.
This is confirmation. A bullish signal for Bitcoin and the Altcoins.
Thanks a lot for your continued support.
Namaste.
ZILUSDT → Retest of previously broken resistance ZILUSDT is doing without a strong correction so far, but it is still present. The price is currently in the green zone relative to the previously broken resistance.
The resistance line of the descending channel plays a key role at the moment. If the trend break is finally confirmed, the price can show strong growth to 0.0500 and 0.0700.
BUT! The cryptocurrency market is being dragged down by the correction of bitcoin and several large-cap coins. The flagship is in a correction phase at the moment, so the local decline of the whole market may continue.
Strong support: upper boundary of descending channel, level 0.0310
Strong resistance: 0.0365
I expect the formation of consolidation or false breakdown of the support with the further growth of the price towards 0.0500.
Sincerely R. Linda!
Fetch.AI Starts To Gain Momentum (Easy 50% Possible & Beyond)This one is looking pretty strong in the past few days.
Looks like we will have a very nice bullish-crypto-weekend this week.
Fetch.AI (FETUSDT) has gone above EMA50, 5 days closing green, a strong RSI and really high volume.
We had a lower low 22-Nov. but bear volume was really low.
While the bull volume continues to be predominant in this chart.
The easy target is set at 50%+ followed by 110% for the higher high.
This can happen fast because crypto is wild.
Namaste.
BTCUSD → A logical correction of the ABC. Mid-term - Long ↑BTCUSD surprised everyone by the fact that the cryptocurrency has already fallen from the high of 31000 to 27700. But you must understand that the price can't go up all the time. Let's find out what's going on!
Any market after rally goes into consolidation phases, which allow the price to rest, collect the necessary liquidity and energy for further movement. Bitcoin at the moment looks good enough to form a correction and then return to resistance for a possible retest.
We see the initial phase of forming a technical pullback (correction). The target levels for this maneuver can be the support levels: 0.382 Fibo (26655) and 0.5 Fibo (25300). At the moment I am waiting for the continuation of the falling down to those levels, but in the mid- and long-term perspective I think that the price will continue growing.
There is no need to panic, because since the beginning of the strong no-holds-barred rally, the price has passed 58%. That's a lot and it's logical to watch what is there now.
Strong support: 26655 (0.382 Fibo) False-break strategy; 25302 (0.5 Fibo) False-break strategy.
Strong resistance: 28329 (0.236 fibo) Breakout strategy; 30570 Breakout strategy.
I expect a slight continuation of the fall to the key Fibo levels in the formation of the correction ABC. But in the medium and long term, I expect continuation of growth to 30000 , 32376 .
Regards R. Linda!
FTM USDT CHART ANALYSIS WITH PROFFESIONAL COACH The FTM/USDT cryptocurrency pair is currently showing a bearish trend and may continue to decline towards the zone of 0.3900. Please note that cryptocurrency markets are highly volatile and can change rapidly. It's important to conduct thorough research and exercise caution when making investment decisions."
TRXUSDT → Consolidation. Breaking through Strong Resistance TRXUSDT breaks the downward resistance, which has been holding the price back for more than a year. As we can see, the price forms a local uptrend and on the next retest the coin forms a breakout. What's next?
The energy for the breakout has been accumulating since the end of last year. The last month and a half the price sticks to the resistance and forms pressure from below. (Triangle area).
While many altcoins have been confidently updating highs TRX has been practicing stamina and accumulating.
It remains for the bulls to hold the 0.0650 level defense behind them.
Strong support: 0.065, 0.0600.
Strong resistance: 0.0700 (breakdown strategy)
I expect from the bulls a confident consolidation of the price above the broken line with the subsequent growth towards 0.0800, then to 0.1000
Regards R. Linda!