Current situation:
Market cap: $2.992 trillion.
Trading volume: $301.15 billion.
RSI (14): 70.17 – a value in the overbought zone, indicating a potential slowdown in growth or a short-term correction.
EMA (moving averages):
EMA 20: $2.301T – first support zone.
EMA 50: $2.085T – deeper support.
EMA 100: $1.817T – long-term support.
EMA 200: $1.502T – global support.
🛠 Technical analysis:
Breakout of bullish pattern:
The price confidently broke through the bullish flag, which opens up growth potential to the $3.443T mark – the target zone of the pattern.
Resistance levels:
$3.062T – nearest Fibonacci resistance (2.618).
$3.443T is the long-term target for the bull flag movement.
Support levels:
$2.768T – the nearest support according to horizontal volume profiles.
$2.587T – intermediate support (Fibonacci level 0.62).
$2.301T (EMA 20) – strong support level, coinciding with volumes.
Volumes (POC):
The main activity is concentrated in the $2.4T – $2.7T zone, which confirms the high liquidity at these levels.
🚀 Forecast:
Height:
If the price consolidates above $3.062T, the movement may continue to the $3.443T zone, which corresponds to the target for the flag breakout.
Probability: 60%.
Consolidation:
Possible in the range of $2.768T – $3.062T if volumes decrease and the market looks for new liquidity.
Probability: 25%.
Correction:
If the price falls below $2.768T, a rollback to the $2.587T – $2.301T zone is possible.
Probability: 15%.
📌 Conclusions:
A break of the bull flag signals a strong upside move, with a key target at $3.443T.
Support levels are in the $2.768T and $2.587T zones, which is important for maintaining the trend.
It should be noted that RSI in the overbought zone may lead to short-term consolidation before further growth.
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