OPUSDT.1DThe daily chart for Optimism (OP/USDT) illustrates a bearish trend with a series of lower highs and lower lows, which can be interpreted as a downtrend channel. The price is currently hovering near $2.467, with a clear support level at $1.635. The resistance level at $4.139 is crucial; a breakout above this level could signal a potential trend reversal. However, the current price action remains below this resistance, suggesting that the bearish sentiment is still dominant.
Traders might look for short positions as long as the price is below the resistance level, with potential targets near the support level. A break above the resistance could invalidate the bearish outlook and shift the strategy towards looking for buying opportunities. Risk management is key, and stop losses should be considered above the resistance level when taking short positions to protect against sudden bullish reversals.
USDT-D
FETUSDT.1DIn this daily chart for Fetch.ai (FET/USDT), we see a period of consolidation following a significant uptrend. The price has recently bounced off the support level at $1.3471, indicating a potential reversal or pause in the downward movement. The resistance level to watch is at $3.5084. If the price were to break through this resistance, it could signal a continuation of the bullish trend. Conversely, a break below the support could suggest a further decline. Volume seems stable, without significant spikes, which might indicate a lack of strong momentum for now. As a trader, I would consider waiting for a confirmed breakout above the resistance or breakdown below the support before entering a trade. Setting stop losses just below the support or above the resistance, depending on the trade direction, would be prudent to manage risk.
Telegram Set to Tokenize and Stickers Emojis on TON BlockchainTelegram has announced its intention to tokenize its emojis and stickers using the TON blockchain, a move that is expected to enhance user engagement and monetization opportunities. The move is part of a broader strategy to create an interactive and financially inclusive platform that allows users to develop applications, tools, and businesses within the Telegram ecosystem.
The tokenization of the user namespace on the TON blockchain has already generated $350 million in sales, and Telegram is now looking to expand this model with the tokenization of its digital assets. Users will be able to possess, trade, and monetize their digital stickers and emojis on the TON blockchain.
In addition to tokenization, Telegram plans to change its revenue model with content creators by introducing an Ad Network that will share ad revenue generated from advertisements on broadcast channels with the channel owners in the proportion of 50%. This approach makes Telegram one of the social media platforms with the most liberal revenue-sharing arrangements.
Telegram's adoption of TON's blockchain technology is expected to lead to radical changes in conducting digital advertising, allowing the bypass of in-app purchase systems through which major app stores exert control.
To further enhance its blockchain functionality, Telegram has integrated the Tether ( CRYPTOCAP:USDT ) stablecoin and launched a gold-pegged stablecoin, Tether Gold ( SEED_DONKEYDAN_MARKET_CAP:XAUT ), on the TON network. This integration will provide users and merchants with a more flexible way of transacting within the application.
Moreover, Telegram has expanded its payment options by integrating more than 40 payment providers, including Stripe, to diversify available payment methods and enhance the platform's ability to facilitate commerce. This expansion will provide a robust infrastructure for users to buy and sell goods and services globally.
In summary, Telegram's adoption of TON's blockchain technology and the tokenization of its digital assets are expected to create an interactive and financially inclusive platform that allows users to engage in commerce and content creation within the Telegram ecosystem. The integration of stablecoins and payment solutions will provide users with more flexible transaction options, further enhancing the platform's functionality.
Technical Outlook
Despite the recent development, The Open Network Token ( CRYPTOCAP:TON ) is trading below the 200, 100 & 50- Day Moving Averages respectively indicating the bears are on the verge of taking over. Further accentuating the bearish momentum is the Relative Strength Index (RSI) which seats at 43.
However, the daily candle stick indicates a "Hammerhead" pattern indicating continuation of the bullish trend in the short term.
🔥 MATIC On Bear Market Support: Big Reversal Coming?With BTC trading bearish over the last few weeks, alts have taken a big hit. MATIC is one of the alts who has practially lost all the gains over the last half year in a matter of weeks.
However, MATIC has found support on the main bear market support (purple). This signal is based on the idea that the support will hold and that both alts and BTC will reverse from extreme oversold conditions.
Stop below the recent low, target at the main bearmarket top.
Hidden Divergence to decline the price of USDT.DHello
As you see in the chart there is negative hidden divergence in USDT.D and everything is prepared for a dump in USDT.D which will cause a severe pump in crypto specially in the altcoins that have been straggled from market pumps
What do you think?
Ripple can make retest of support line and then continue growHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price traded in the seller zone, which coincided with the resistance level, after which rebounded and rose a little. But then XRP turned around and started to decline back to the seller zone, and when the price reached the seller zone, it entered to triangle, where Ripple made a downward impulse from the resistance line to the support line, breaking 0.5900 and 0.4735 levels. After this movement, XRP bounced from the support line and in a short time rose higher than the 0.4735 support level, breaking it again, after which it turned around and declined to this level. Price some time traded close to this level and later it declined to support line of the triangle, which coincided with the buyer zone and then made a strong impulse up, thereby breaking the 0.4735 support level and a not long time ago exiting from the triangle pattern. At the moment, in my opinion, Ripple can make a retest, after the breakout and then continue to move up. For this case, I set my target at the 0.5600 level. Please share this idea with your friends and click Boost 🚀
ETHEREUM - Price can break resistance line and continue to growHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it in a short time rose to resistance level, which coincided with resistance area.
Then price made little correction and soon backed up to resistance area, but later declined to bottom part of flat.
ETH made an upward impulse to resistance line, and soon turned around, after which made fake breakout of $3590 level.
After this, price in a short time declined to $2950 support level, which coincided with support area and started to trades near.
But recently ETH bounced up to resistance line and now I think price can little fall and then rise to $3300, breaking resistance line.
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HelenP. I Bitcoin can rebound up from trend line to $66000Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price reached a resistance level, which coincided with the resistance zone, but at once rebounded and made little correction. Later BTC turned around and in a short time rose to the trend line, thereby breaking the 69400 level, but soon price turned around and declined to the resistance zone. Price even fell below the 69400 level, but later it turned around and made impulse up higher than resistance level and trend line breaking them. But later Bitcoin made a strong impulse down, breaking the resistance level with the trend line one more time and declining to the support level, which coincided with the support zone. After this, the price tried to rise and even rose almost to the trend line, after which it turned around and made an impulse down again below the 61700 support level. Then price started to rise and in a short time rose to the trend line, breaking the support level again, and recently BTC broke the trend line too, but then started to decline. Now, I expect that BTC will decline to the trend line and then rebound up, therefore I set my target at 66000 points. If you like my analytics you may support me with your like/comment ❤️
(Weekly expected flow) Volatility period: Around April 22Hello traders!
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It appears that the fund flow in the coin market is maintaining an upward trend.
However, BTC dominance and USDT dominance are showing an increase.
The key question is whether BTC dominance can be resisted and decline in the 55.01-62.47 range and whether USDT dominance can be maintained below 4.95 or maintain a downward trend.
If that happens, the coin market is expected to see a major uptrend.
A major bull market refers to a bull market in which most coins (tokens) renew their new highs (ATH).
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(BTCUSDT 1M chart)
If it closes near the second section, it appears that a new HA-High indicator will be created.
If that happens, the key is whether there will be support near the newly created HA-High indicator.
(1W chart)
This drop shows that a new HA-High indicator is about to be created.
Accordingly, if a new HA-High indicator is created, the key is whether it can be supported and rise around it.
59053.55, the 64K point is the box-top point of the HA-High indicator on the 1M chart.
Therefore, if possible, it is important to be able to support and rise around 59053.55-64K.
If this is not the case and it falls below 56K, the selling force is expected to intensify.
I think the reason the current fluctuation range is greater than the section your finger is pointing at is because it is located in the section where the new high (ATH) was updated.
Therefore, if these sideways continue, it will eventually touch an important upward channel.
At this time, it seems likely that this year's trend will be determined by whether or not it can rise along an important upward channel.
Therefore, the movement starting from the week of April 29th through the week of July 29th is expected to be very significant.
In terms of the overall flow, the 42K-43K section is an important section.
However, if it falls below 53256.64, there is a high possibility that it will turn into a downward trend, so you need to think about a response plan.
(1D chart)
The key is whether it can receive support above the newly formed downward trend line and above 64K and rise above 70231.38.
However, if it falls along the newly created downward trend line, a new HA-Low indicator is expected to be created in the near future.
If a new HA-Low indicator is created, an important factor is whether it receives support around it.
The time to buy is when the BW indicator levels out and then rises, and when the StochRSI indicator rises from the oversold range and forms StochRSI > StochRSI EMA.
thus,
1. When the BW indicator is level and moves sideways,
2. When the StochRSI indicator rises from the oversold range and shows StochRSI > StochRSI EMA,
Buying when only one of the conditions 1 and 2 above are satisfied is an aggressive purchase and requires a quick response, so caution is required when trading.
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(BTCUSDT.P 1D chart)
I think it showed more fluctuations than the movement on the BTCUSDT chart.
As such, it is believed that the current market leadership is achieved through futures trading.
Therefore, you need a trading strategy to maintain the number of coins (tokens) you own.
Since the rebound is more than 8%, it is likely that forced liquidation will occur in both directions, so it is considered an awkward position to start trading.
Therefore, as mentioned earlier on the BTCUSDT 1D chart, I think it is necessary to check the movement of the BW indicator and StochRSI indicator and the movement at the support and resistance points drawn on the chart.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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BNBUSDT - After exiting from pennant, price can continue riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it once bounced from support level and rose to $611 resistance level.
But soon, price turned around and declined back to $550 level, which coincided with support area.
After this, BNB in a short time rose to resistance level again and even made fake breakout, after which made downward impulse.
Price exited from flat and started to trades in pennant, where it declined lower 550 level, but soon backed up.
Also recently, BNB exited from pennant and now trades close to support level, so, I think price can fall to this level.
Then Binance Coin can bounce from support level and start to move up to $585
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HelenP. I Ripple can correct to support level and then bounce upHi folks today I'm prepared for you Ripple analytics. A few moments ago price started to decline in a downward channel, where it at once rebounded from the resistance line and in a short time declined to the trend line, which is the support line of the channel too, thereby breaking the 0.6435 resistance level. But later, the price turned around and rose to a resistance zone, after which it rebounded and some time traded below. Then XRP rose to the resistance level again, but at once turned around and in a short time declined to the trend line, which coincided with the support level and zone. Price even made a fake breakout of a downward channel, after which it soon backed up and continued to trades near the 0.4800 support level. Now, I expect that Ripple will make a correction to the support level and then start to move up. For this reason, I set my target at 0.5425 points. If you like my analytics you may support me with your like/comment ❤️
🔥 Bitcoin: Waiting For The Ultimate Trigger To BuyIn this analysis we're going to discuss a very simple trading strategy that will suit your long-term portfolio: buying into extreme weakness.
As seen on the chart, Bitcoin has only been oversold on the daily RSI on three occassions over the past 1.5 years. Every single time this occured it proved to be an extremely profitable entry point.
With Bitcoin seeing quite a sell-off and the halving coming up, I'm going to wait patiently for the RSI to hit daily oversold. I imagine another few red days and the RSI should be <30.
Have some funds ready, because this entry might be the last time you can buy BTC during weakness for a long time.
SHIBUSDT.1DThe SHIB/USDT daily chart indicates a significant downtrend with the price closing in on the support level (S1) at 0.00001599. If the price breaches this level, it might signal further declines.
The resistance levels (R2) sit far above the current price at 0.00003357, suggesting that the asset has room to recover if the momentum shifts. However, the current market structure would require a strong bullish reversal to reach these heights again.
The RSI is approaching the oversold territory at 28.85, which might attract interest from buyers looking for undervalued entries. However, a persistently low RSI can also align with a strong downtrend.
The MACD's position below the baseline and its negative histogram also support the bearish trend. Traders would need to see a cross above the signal line or a shrinking negative histogram for signs of a potential reversal.
The presence of a pattern resembling a flag pole and a flag (bear flag) may indicate a continuation pattern, so a downside break from the flag could signal a continuation of the downtrend.
In conclusion, the indicators suggest a bearish outlook, but with the RSI nearing oversold conditions, one should watch for any potential bullish signals or price action that could indicate a reversal or a pause in the downtrend. Always remember to consider other technical aspects, fundamental analysis, and market news when evaluating such scenarios.
AGIXUSDT.4HThe AGIX/USDT indicates that the digital currency is currently in a bearish trend, as reflected by the recent price break below the R1 level at $0.95390. The price is approaching the S1 support level at $0.58816 and a break of this level could lead to further declines and possibly test the previous low.
The RSI indicator is near 40, which is neither oversold nor overbought, indicating potential in either direction in the short term. The MACD is below the signal line and the zero line, which is usually a bearish indicator. The negative histogram also supports this bearish view.
For a reversal to be considered, we need to see the price move above the R1 level and the RSI climb above 50, indicating increasing buying momentum. The MACD should also cross above the signal line to confirm a possible reversal of the move.
Given the current state of the chart, traders may be cautious and consider a pullback from S1 or a further decline if S1 fails to hold as a support level. It is essential to keep track of news and market sentiment, as they can significantly affect the price movement of digital currencies.
FLOKIUSDT.4HThe FLOKI/USDT 4-hour chart presents a challenging outlook. The price is currently in a downtrend, as indicated by the recent fall below the resistance level R1 at 0.00016840. The next support level, S1 at 0.00009159, is in sight and may be tested if the current bearish momentum continues.
The RSI is just above the oversold line at 34.68, which can sometimes foreshadow a potential reversal, especially if it coincides with a key support level. However, caution is advised because an oversold RSI can remain in that territory for extended periods during strong downtrends.
The MACD is below the signal line and baseline, suggesting that the current momentum is bearish. Traders would typically look for a crossover above the signal line or the histogram turning positive as early signs of a potential reversal.
If the market finds a bottom at S1, we could see a bounce back toward R1. However, a break below S1 could lead to a steeper decline. As with all trading, it's important to consider not just technical indicators but also market news and sentiment which could drastically affect the price of such assets.
CFXUSDT.1DIn this technical analysis of the CFX/USDT daily chart, we're seeing a pronounced downtrend. The price has fallen below the first resistance level (R1) at $0.2862 and is approaching the first support level (S1) at $0.1735. If this support fails to hold, it might result in the price testing the second support level (S2) at $0.1452.
The RSI is just above the oversold threshold at 31.07, indicating that the selling pressure has been strong and may potentially ease if the market perceives the asset as undervalued. The MACD is below zero and showing a bearish histogram, which aligns with the downward movement.
For a trend reversal, we would need to see a close above R1, with the RSI moving out of the oversold region and the MACD histogram trending towards the baseline. However, the current chart suggests that sellers are in control, and traders should be cautious. It's important to look out for any bullish patterns or signs of a momentum shift, but also be prepared for the possibility of a continued downtrend, especially if S1 is breached. Keep an eye on broader market sentiment and news that could impact the price action.
SAGAUSDT.4HFor this SAGA/USDT 4-hour chart, the outlook is quite bearish. The asset is currently trading just above the support level (S1) at $3.3039. If this level does not hold, it could indicate a further drop in price.
The resistance level (R1) is situated at $4.3655. For a change in the current bearish trend, the price would need to break above this resistance level with significant volume to confirm a potential trend reversal.
The RSI is in the oversold territory at 32.87, suggesting that the asset might be undervalued at this point. This could potentially lead to a bounce back if buyers step in, looking for a bargain. However, the RSI being oversold can also persist during strong downtrends.
The MACD is below the baseline and the signal line, reinforcing the bearish sentiment. Yet, traders should remain vigilant for any bullish crossover in the MACD as it may indicate a shift in momentum.
Overall, this chart suggests that caution is warranted. A break below S1 could lead to a further decline, while any bullish signals, such as a rising RSI or MACD crossover, should be closely monitored for signs of a potential reversal. As always, it’s crucial to consider a range of indicators and market news when making trading decisions.
BTCUSDT.4HIn this technical analysis of the BTC/USDT 4-hour chart, we see that Bitcoin has been trading within a defined range, showcasing key resistance (R) and support (S) levels. The price is currently hovering around R1 at $64,257.65, with immediate support (S1) at $59,065.59.
A bearish trend was evident as the price made lower highs, confirmed by the Relative Strength Index (RSI) lingering below the 50 mark, indicating that the bears have had the upper hand recently. The histogram on the Moving Average Convergence Divergence (MACD) is in the negative territory, which further supports the bearish sentiment.
The RSI is close to the oversold region, which could imply a potential reversal or at least a temporary pullback. Traders might be watching for a break above R1 as a sign of bullish momentum, potentially aiming for R2 at $67,100.77 and the high pivot at $73,777.00. Conversely, a break below S1 may lead to further decline towards S2 at $56,226.29.
It’s worth noting that the RSI and MACD are just two indicators, and they should be used in conjunction with other technical analysis tools and fundamental analysis for a more comprehensive trading strategy. This analysis is based on current chart patterns and indicators, and the crypto market is known for its volatility, so I would keep an eye out for any news or events that could impact market sentiment.
USDT.D% Can Go Up by Falling Wedge Pattern✈️💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.
📚What is Market Cap USDT Dominance% (USDT.D%)❗️❓
🔸Market Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance.
🔸The first is that investors put cash on the market from the outside, which is due to the unfavorable weather in the market. And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT. In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
🚀If USDT.D% increases, we can expect a correction in the cryptocurrency market .
🏃♂️USDT.D% is currently moving in an important 🟡 Potential Reversal Zone(PRZ) 🟡.
💡If you look at my chart, when USDT.D% first entered the PRZ, it formed a Falling Wedge Pattern and performed well. USDT.D% seems to have once again succeeded in forming a Falling Wedge Pattern in PRZ ( although this time, the pattern seems to be even more standard than the previous one ).
🔔I expect USDT.D% to rise to at least the 🔴 Resistance zone(4.72%-4.53%) 🔴 after breaking the upper line of the falling wedge pattern .
Market Cap USDT Dominance% Analyze (USDT.D%), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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🔥 Bitcoin In Area Of DANGER: Macro Signal! 🚨In this analysis I want to take a look at one of my more popular indicators; Bitcoin's Logarithmic Price Bands. In case you want to know more about this indicator, please check out the link on the bottom of this post.
Back in March I made an analysis with the same title, where I argued that Bitcoin had entered an area of danger (the yellow mid band of the indicator).
The yellow band has historically proven to be a strong resistance. With BTC retesting the bottom support of the yellow band there's a serious risk of BTC falling through, resulting in further selling.
It's too early to tell whether BTC will correct all the way back to the green band, like last cycle. Nevertheless, the indicator has again proven to offer significant long-term trading opportunities.
How low do you think that BTC will go? Happy to hear your thoughts 🙏
🔥 Bitcoin Halving - Sell The News SignalNormally I don't look that much at moving averages because they are largely lagging indicators. However, sometimes the indicator shows a strong divergence.
As seen on the chart, the 200 EMA has offered strong support on the way up, but has now caused a strong rejection, making way for the bears to push the price further down.
Like mentioned in the analysis below, there's a chance that the Halving will be a sell-the-news event, especially since we had a new all-time high for the first time ever before the halving.