ENJ is currently consolidating within a falling wedge pattern, rebounding from the support trendline. The Ichimoku Cloud is acting as a resistance barrier above the price action. A decisive breakout from both the wedge and the cloud could signal the start of a bullish rally. $ENJ
Bitcoin continues to trade below the critical $100K level and is currently in a downward trend. However, the Ichimoku Cloud is acting as strong support, reflecting potential bullish momentum. Close monitoring of price action is essential to identify any decisive move that could signal the next direction.$BTC
As Bitcoin has reached the milestone of $100,000, I believe there will be a slow down and some consolidation there (wrote about it yesterday, but I might still be wrong) in the $85,000 - $100,000 range.
🧐 But what about Altcoins and Memeconis? This should positively affect them. Once all the profits start flowing out of Bitcoin, they won't stay in USDT, but be flipped into Altcoins & Memes.
We can expect BTC.D to dump from 60% to 53% by the end of 2024.$BTC
Since early October, long-term holders (LTHs) have sold over 128,000 BTC, signaling an acceleration in profit-taking as Bitcoin approaches $100,000 key level. 📉 $BTC
Bitcoin remains below the key $100k level and is currently trending downward. The Ichimoku Cloud is providing strong support, indicating underlying bullish strength. It’s crucial to monitor price action closely for further developments before confirming the next move.$BTC
Ravencoin (RVN) is showing upward momentum after breaking out of a consolidation phase. Key levels of support and resistance may guide your trading strategy.
💡 Key Levels: Buy Zones: $0.02233 — 62% Fibonacci retracement level, potential bounce zone. $0.01975 — critical area for accumulating positions if a deeper pullback occurs.
Resistance Levels: $0.03141 — 23.6% Fibonacci retracement level, initial profit-taking target. $0.03638 — major resistance zone where growth could slow down.
📈 Strategy: Consider buying in the $0.02233-$0.01975 range, targeting $0.03141 and $0.03638, with confirmation of the uptrend. $RVN
OP has broken out of the ascending triangle pattern with significant volume. Both the 100MA and 200MA are acting as strong support, indicating bullish momentum.
A retest above the pattern is anticipated, and a successful retest could confirm the potential for a strong bullish rally. $OP
Price bounced from the support area and is now slowly heading toward the resistance area. TON ecosystem is growing and we may see a good rally in the coming weeks. You can add TON below $5.
$BTC 🕯Solana Breaks Its All-Time High from Over Three Years Ago
The blockchain ecosystem remains one of the most advanced and active. As I’ve mentioned before, I wouldn’t be surprised if the "Ethereum killer" meme from the last two cycles stops being just a joke. But for that to happen, SOL needs to do another 3.5x against ETH, which would mean reaching approximately $900—assuming ETH stays around its current $3,400.
👀Is this realistic?
Absolutely. You might laugh, but earlier this year, when I predicted SOL would hit at least $500, people mocked me. Yet, as the coin approached its historical highs, that prediction started to seem more and more plausible. Now, it feels like no one doubts it anymore (though, of course, the continuation of the current market conditions is key).
❗️If things go as hoped and this really is just the beginning of a bull run, the targets could end up being unexpectedly high.
BTC has also set a new all-time high, edging closer to $100,000. The new historical peak now stands at around $99,500. However, that number feels a bit unsettling. It’s hard not to think of 2017, when everyone was expecting the party to continue after BTC hit $19,900. But the aftermath wasn’t what anyone had hoped for.