resistance
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Bitcoin Faces Resistance : Short-Term Downside Predicted
**Bitcoin** has encountered a **failed breakout** at the resistance zone between **$69,400 and $69,600**, unable to maintain upward momentum. This suggests a potential **lack of buying strength** at these levels.
The price has also broken below a critical **ascending trendline**, reinforcing a bearish sentiment in the short term. The shaded **pink area** on the chart marks a robust resistance zone where sellers have effectively defended against upward movement.
Given the rejection at resistance, Bitcoin may target the support area around **$67,963 to $67,934**, represented by the green zone. The formation of a **lower high** further indicates that the downward trend could persist if the current pattern continues.
Conclusion :
The overall analysis suggests a bearish outlook for Bitcoin in the short term, with potential downward movement following the rejection at key resistance levels.
Advice :
- Watch for price movements toward the **$67,963–$67,934** support area for potential trading opportunities.
- Utilize stop-loss orders to mitigate risks in the current bearish environment.
- Stay informed about market trends that could impact Bitcoin's price action in the near future.
#kucoin #resistance #Bitcoin❗
#Write2Earn! #BinanceSquareFamily
**Bitcoin** has encountered a **failed breakout** at the resistance zone between **$69,400 and $69,600**, unable to maintain upward momentum. This suggests a potential **lack of buying strength** at these levels.
The price has also broken below a critical **ascending trendline**, reinforcing a bearish sentiment in the short term. The shaded **pink area** on the chart marks a robust resistance zone where sellers have effectively defended against upward movement.
Given the rejection at resistance, Bitcoin may target the support area around **$67,963 to $67,934**, represented by the green zone. The formation of a **lower high** further indicates that the downward trend could persist if the current pattern continues.
Conclusion :
The overall analysis suggests a bearish outlook for Bitcoin in the short term, with potential downward movement following the rejection at key resistance levels.
Advice :
- Watch for price movements toward the **$67,963–$67,934** support area for potential trading opportunities.
- Utilize stop-loss orders to mitigate risks in the current bearish environment.
- Stay informed about market trends that could impact Bitcoin's price action in the near future.
#kucoin #resistance #Bitcoin❗
#Write2Earn! #BinanceSquareFamily
Dogecoin Approaches Key Resistance : Potential for a Breakout
#DogecoinCommunity #Dogecoin #resistance #Write2Earn!
#BinanceSquareFamily
On the 1-hour chart, Dogecoin (DOGE) is nearing a significant resistance level, indicated by the **pink zone**. If DOGE successfully breaks above this level, there’s potential for a rally towards the **blue zone**, marking a higher target area.
Key Points to Watch :
- Resistance Zone :
Currently around the pink-marked area on the chart.
- Target Zone :
The blue zone above the resistance, indicating a potential upward target if the breakout occurs.
- Trading Strategy :
Wait for a confirmed breakout above the pink zone before entering a long position targeting the blue zone.
A confirmed breakout could signal an opportunity for gains, but it’s crucial to monitor for clear signals before acting to reduce the risk of a false breakout.
Conclusion :
DOGE’s approach to this resistance level could lead to a positive breakout if momentum builds. A move into the blue zone is possible, but only with proper confirmation and risk management.
Advice :
Exercise caution and set stop-loss orders in case of an unexpected reversal. Waiting for solid confirmation can help avoid premature entries and manage risk effectively.
#DogecoinCommunity #Dogecoin #resistance #Write2Earn!
#BinanceSquareFamily
On the 1-hour chart, Dogecoin (DOGE) is nearing a significant resistance level, indicated by the **pink zone**. If DOGE successfully breaks above this level, there’s potential for a rally towards the **blue zone**, marking a higher target area.
Key Points to Watch :
- Resistance Zone :
Currently around the pink-marked area on the chart.
- Target Zone :
The blue zone above the resistance, indicating a potential upward target if the breakout occurs.
- Trading Strategy :
Wait for a confirmed breakout above the pink zone before entering a long position targeting the blue zone.
A confirmed breakout could signal an opportunity for gains, but it’s crucial to monitor for clear signals before acting to reduce the risk of a false breakout.
Conclusion :
DOGE’s approach to this resistance level could lead to a positive breakout if momentum builds. A move into the blue zone is possible, but only with proper confirmation and risk management.
Advice :
Exercise caution and set stop-loss orders in case of an unexpected reversal. Waiting for solid confirmation can help avoid premature entries and manage risk effectively.
Will ENSUSDT Explode or Collapse ? Key Levels to Monitor
#ENSUSDT #Write2Earn! #BinanceSquareFamily #resistance #Market_Update
The latest analysis for **Ethereum Name Service (ENSUSDT)** suggests we may see a major price move soon. Here’s what you need to know :
- Current Positioning :
ENS is gathering momentum along an ascending support line, hinting at a potential bullish breakout above the triangle.
- Key Resistance :
For a solid breakout, ENS must clear both the triangle and the supply zone at **$22.99**. A successful move here, marked by strong buying pressure, could lead to a rally. Look for signals like robust engulfing candles and sustained momentum to confirm.
- Bearish Scenario :
If ENS fails to breach $22.99, buyer strength may fade, and sellers could dominate. The critical support to watch is **$13.22**—a historical level for bulls. A dip below $13.22 would likely cancel any bullish outlook and could lead to further declines.
Conclusion & Advice :
Patience is essential here. Waiting for high-probability setups, particularly a breakout above $22.99 or a confirmed hold at $13.22, can help avoid early losses and set up profitable opportunities. Acting on clear signals will position you to capitalize on ENS's next major move.
#ENSUSDT #Write2Earn! #BinanceSquareFamily #resistance #Market_Update
The latest analysis for **Ethereum Name Service (ENSUSDT)** suggests we may see a major price move soon. Here’s what you need to know :
- Current Positioning :
ENS is gathering momentum along an ascending support line, hinting at a potential bullish breakout above the triangle.
- Key Resistance :
For a solid breakout, ENS must clear both the triangle and the supply zone at **$22.99**. A successful move here, marked by strong buying pressure, could lead to a rally. Look for signals like robust engulfing candles and sustained momentum to confirm.
- Bearish Scenario :
If ENS fails to breach $22.99, buyer strength may fade, and sellers could dominate. The critical support to watch is **$13.22**—a historical level for bulls. A dip below $13.22 would likely cancel any bullish outlook and could lead to further declines.
Conclusion & Advice :
Patience is essential here. Waiting for high-probability setups, particularly a breakout above $22.99 or a confirmed hold at $13.22, can help avoid early losses and set up profitable opportunities. Acting on clear signals will position you to capitalize on ENS's next major move.
#Bitcoin Update (Continuous)
▫️Bitcoin is moving in the range of $60k to $65k.
▫️Expecting the price to touch the mark of $67,000, which is working as a #resistance where the 50-day moving average is also lying.
▫️A candle closing above this will send the price above $70k. Soon, we will see new money flowing into Bitcoin.
▫️Tomorrow is the weekly candle closing, and the candle will close in the red.
Stay tuned for more information!!
▫️Bitcoin is moving in the range of $60k to $65k.
▫️Expecting the price to touch the mark of $67,000, which is working as a #resistance where the 50-day moving average is also lying.
▫️A candle closing above this will send the price above $70k. Soon, we will see new money flowing into Bitcoin.
▫️Tomorrow is the weekly candle closing, and the candle will close in the red.
Stay tuned for more information!!
#ordi has some points, if it hits them then it will pump to 23$.. #resistance #BNB
#TRX is now trading around 0.109$.
Currently price is testing the resistance level on a 1D time frame. A daily candle closing above the resistance area could take the price higher.📈
#BTC #TRX/USDT #resistance #BullishAltcoins #ChartAnalysis
Currently price is testing the resistance level on a 1D time frame. A daily candle closing above the resistance area could take the price higher.📈
#BTC #TRX/USDT #resistance #BullishAltcoins #ChartAnalysis
Hi guys,
Who can help me with the technical analysis of #ADA ?
I need to know it's #support and #resistance levels. I have not perfected the knowledge yet
I appreciate your time guys. I'll be waiting in the comments.
Who can help me with the technical analysis of #ADA ?
I need to know it's #support and #resistance levels. I have not perfected the knowledge yet
I appreciate your time guys. I'll be waiting in the comments.
$COTI has broken its LTF trend line resistance and also looking for retest.
A successful retest above this level can bring some bullish wave in it.📈
Follow us for update like this.🔥
#COTI #COTI/USDT #Write2Earn #TrendingTopic #resistance
A successful retest above this level can bring some bullish wave in it.📈
Follow us for update like this.🔥
#COTI #COTI/USDT #Write2Earn #TrendingTopic #resistance
LIVEAlphaCryptoSignal
--
Ανατιμητική
Eyes on $COTI .👀
Buying opportunity.📈
#COTI #Write2Earn #COTI/USDT
Buying opportunity.📈
#COTI #Write2Earn #COTI/USDT
🔥Bitcoin's Perfect Storm: Be Watchful Here!🚨
🚀As expected, Bitcoin is continueing the bull-trend, fueled by ETF optimism. However, with the whole market turning bullish, I'm taking a step back.
🔴My target for this move from 26k was 48k, as often mentioned in my analyses. It seems a matter of time before 48k will be hit, especially once the #ETF actually get approved and traders market buy their way in with >50x leverage.
👉In my most recent #BTC analysis I wrote that I'm edging towards the expectation that the whole #ETFapproval will be a sell-the-news event. Check it out below.
🔴As BTC moves up, it's going to hit 2 major resistances at the same time.
👉1: 48.000, which is the main #resistance before the ATH.
👉2: The top of the bullish symmetrical channel.
🛑I would not be buying at this point.
✨Nevertheless, I'm happy to be proven wrong. Once we confidently break through 50.000 I will switch back to a more #bullish oriented market view. For now, I'm sitting on my hands✨
🙏🏿Show Your Support🔥
🙏🏿If you found this helpful, consider to tipping me through the Binance Tipping feature. Your generosity will help me to continue to provide high quality contents. 🙏🏿
🚀As expected, Bitcoin is continueing the bull-trend, fueled by ETF optimism. However, with the whole market turning bullish, I'm taking a step back.
🔴My target for this move from 26k was 48k, as often mentioned in my analyses. It seems a matter of time before 48k will be hit, especially once the #ETF actually get approved and traders market buy their way in with >50x leverage.
👉In my most recent #BTC analysis I wrote that I'm edging towards the expectation that the whole #ETFapproval will be a sell-the-news event. Check it out below.
🔴As BTC moves up, it's going to hit 2 major resistances at the same time.
👉1: 48.000, which is the main #resistance before the ATH.
👉2: The top of the bullish symmetrical channel.
🛑I would not be buying at this point.
✨Nevertheless, I'm happy to be proven wrong. Once we confidently break through 50.000 I will switch back to a more #bullish oriented market view. For now, I'm sitting on my hands✨
🙏🏿Show Your Support🔥
🙏🏿If you found this helpful, consider to tipping me through the Binance Tipping feature. Your generosity will help me to continue to provide high quality contents. 🙏🏿
Waiting for a Healthy Correction form this point( after taking liquidity ). To take entry to some cryptocurrency. What's your view share with me....#TrendingTopic #DOGE #SquareBinance #Bitcoin?🤔🧐 #resistance $BTC $ETH $BONK
#Bitcoin
1] Completed #GoldenCross .
2] On the verge of breaking the resistance
3] Bearish Divergence
We might see both an Adam and Eve
breakout and a definite Structure #breakout if #BTC can break above the horizontal #resistance .
1] Completed #GoldenCross .
2] On the verge of breaking the resistance
3] Bearish Divergence
We might see both an Adam and Eve
breakout and a definite Structure #breakout if #BTC can break above the horizontal #resistance .
#Bitcoin received another rejection from $25k.
#BTC is repeatedly attempting to break through #resistance .
#BTC is repeatedly attempting to break through #resistance .
#Bitcoin has reached $25,000 for a fifth time in the last six days!
The more it was hit, the weaker the $25k #resistance would be. Break down the wall 💁
#BTC #dyor #pump
The more it was hit, the weaker the $25k #resistance would be. Break down the wall 💁
#BTC #dyor #pump
#Bitcoin Update
BTC is testing #resistance once more, so be
cautious.
#BTC has a good chance of testing
22600 and lower unless it breaks above 24200 -24600.
#btcupdate #marketupdate
BTC is testing #resistance once more, so be
cautious.
#BTC has a good chance of testing
22600 and lower unless it breaks above 24200 -24600.
#btcupdate #marketupdate
ZIL analysis:
ZIL is now testing the major resistance of the $0.0354-$0.0358 area. The support is $0.030-$0.0305 area and we may see a test of this level if the price rejects from the major resistance level.
#Binance #crypto2023 #koshuinu #leontech #resistance
ZIL is now testing the major resistance of the $0.0354-$0.0358 area. The support is $0.030-$0.0305 area and we may see a test of this level if the price rejects from the major resistance level.
#Binance #crypto2023 #koshuinu #leontech #resistance
