DOT is currently trading within a range and there have been no significant changes yet. We may see a movement towards the resistance area. However, as this is not a trading zone, it is better to wait for a clear breakout above the resistance area before making any new entries. The support and resistance levels remain the same.
Bitcoin encountered strong selling pressure at the resistance area which resulted in the price being declined. It is possible that we may see another attempt to move towards the resistance area and we will have to wait and see if the price can break above it and close. So far, there has been no significant change in the market.
The price of IMX is currently oscillating within a range defined by support and resistance levels. At present, the market is in a consolidation phase, indicating a neutral stance for traders. It's advisable to await a confirmation of the price action at the resistance level before considering any trading positions. Support Area: $1.65-$1.80 Resistance Area: $2.45-$2.60
JUP is facing heavy selling at the resistance area. A move towards the support area is expected if the price is rejected from there. Place buy orders in the support area and wait. Support Area: $0.833-$0.895 Resistance Area: $1.12-$1.20
Bitcoin has broken the downtrend channel and is moving upward on lower time frames. Currently, the price is attempting to surpass the resistance area. If BTC can successfully break and maintain its position above the resistance area, we can expect a continuation of the upward trend. Resistance Area: $64,500-$65,500
Price is currently trading in a downtrend channel while respecting support and resistance lines. The price must break and close above the $0.40 level to gain some bullish momentum. It is better to wait for new entries for now.
It appears that GAL has rebounded from the support area as anticipated. If you have already taken a long position, it is recommended to keep holding on to it with a tight stop loss. There is a possibility that we may witness a further upward movement towards the local resistance area. Please note that the support and major resistance areas remain unchanged. Local Resistance area: $4.10-$4.20
ETH has rebounded from the support area several times. Currently, the price is moving towards the resistance line of the falling wedge pattern. This pattern may likely break upwards. If you have opened long positions, it is advised to increase your stop loss and hold the long position.
Bitcoin has recently climbed back up to the $60,000 level and is currently trading above it. This is a positive for the crypto market, as it suggests that the upward trend is continuing. It remains to be seen how the price will react when it reaches the $65,000 level, but many traders are feeling optimistic about the future. Overall, market sentiment is trending bullish once again.
The price has broken below the support level and is now testing it. However, the price is still in a minor downtrend. Therefore, it is advised to wait for new entries. Support Area: $0.315-$0.327 Resistance Area: $0.375-$0.39
Finally, W broke the resistance area and the price is now holding above it. You can start accumulating here for mid-term. We may see a continuation of the uptrend. Accumulation Zone: $0.69-$0.71
The price has reached the support area, and it has bounced back from there. Currently, it is moving towards the resistance area of the trading range. If the price manages to break above the resistance area, it will be a bullish signal, and the upward movement will continue. However, if the price gets rejected from the resistance area, it will move back towards the support area. Support Area: $5.97-$6.10 Resistance Area: $7.57-$7.90
The current Bitcoin price is testing the $59,000-$60,000 level, as expected. If BTC manages to reclaim the $60,000 level, we can expect the upward movement to continue. However, if the price is rejected at this level, we may witness some sideways movement and a slow downward trend.
The price bounced back from the support area, indicating heavy buy pressure. It is slowly approaching the resistance area. As this is a no-trade zone, it is better to wait for some time. Resistance Area: $1.23-$1.325
Altcoins are demonstrating strength as they bounce from support levels, while Bitcoin Dominance breaks the uptrend line. This signals a positive outlook for altcoins, and we may see a continuation of the downward movement in BTC Dominance toward the 51.90%-52.15% support area.
The price of W has attempted to surpass the resistance area, but it was rejected. However, the price is still near the resistance area and appears to be holding strong. There is a possibility that we may see a break of this resistance area. If the price breaks and closes above the $0.69 level, you may consider opening a long position.
Price is currently approaching a support area and it's recommended to wait for new entries. We plan to open new long positions near the support area. Support Area: $0.99-$1.04 Resistance Area: $1.25-$1.31
ETH is currently trading within a falling wedge pattern, with the price testing a significant support area. Expect potential sideways movement near the support area. Falling wedge patterns typically signal bullish trends and often break out in an upward direction. Keep an eye on ETH for a potential bullish breakout.
Bitcoin has failed to maintain its uptrend and is currently testing the major support area of $59,000-$60,000, which was expected earlier. This is a crucial zone for BTC, and a break below $59,000 will likely bring about panic and more selling in the market. Therefore, keeping a tight stop loss in all open positions is recommended. The next good support level will be in the $50,000-$53,000 area. The news about CZ's 4-month imprisonment is the reason for this dump.