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#ETHOnTheRise Did you see the $ETH monthly chart? The chart represents a "Cup and Handle" pattern in Ethereum's price (ETH/USDT), a bullish continuation pattern often used in technical analysis. Here's a breakdown: 1. **Cup Formation**: The rounded bottom indicates a period of consolidation where sellers are exhausted, and buyers start regaining control. This pattern suggests the market sentiment is gradually shifting bullish. 2. **Handle Formation**: The smaller pullback after the cup forms the "handle," which often represents a period of minor consolidation before a breakout. 3. **Resistance Level**: The horizontal black line marks the resistance zone, where price previously struggled to break through. 4. **Target Price**: If a breakout above resistance occurs, the target is calculated by measuring the depth of the cup and projecting that distance upward. In this case, the target aligns with approximately $6,675. 5. **Fibonacci Retracement Levels**: The chart includes retracement levels (e.g., 0.618 and 0.786), which act as additional support/resistance zones during the pattern. The successful completion of this pattern would indicate a bullish continuation, potentially leading Ethereum to new highs. However, as always, external factors and market conditions should also be considered.

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Bitcoin Nears $100k, and Stablecoins Market Cap cross $190 billion

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#BSCOnTheRise $DOT The chart is a daily (1D) candlestick chart for DOT/USDT (Polkadot/USDT pair) from Binance. Below is an analysis based on the chart: ### **Key Observations:** 1. **Price Movement:** - The current price of DOT/USDT is **9.232**, showing a **3.45% increase** from the previous close. - A strong uptrend is visible, with higher highs and higher lows. 2. **Moving Averages (MA):** - **MA(7) = 8.804** (yellow line): The short-term trend is upward, with the price trading above it, indicating bullish momentum. - **MA(25) = 6.749** (pink line): Medium-term support lies far below the current price, reinforcing the bullish trend. - **MA(99) = 4.875** (purple line): The long-term trend is also upward, with the price well above this level. 3. **MACD Indicator:** - **MACD Line (DIF) = 1.165** and **Signal Line (DEA) = 1.005**: The positive DIF and DEA values suggest bullish momentum. - **MACD Histogram = 0.160**: A small but positive histogram indicates moderate buying strength. 4. **Volume:** - The volume bars show fluctuating but decent buying interest. However, recent volume is slightly lower compared to the peak observed around November 23, 2024. 5. **Support and Resistance:** - **Resistance:** The high of **10.500** acts as a resistance level. - **Support:** Short-term support appears near **8.336**, around the MA(7). 6. **Trend Confirmation:** - The price trading above all key moving averages confirms a strong bullish trend. - The MACD's positive crossover adds to the confidence in continued upward movement. ### **Potential Trading Strategy:** - **For Buyers:** - Enter long positions if the price sustains above **9.232**, targeting the resistance at **10.500**. - Consider using the MA(7) at **8.804** as a trailing stop-loss. - **For Sellers:** - Watch for a breakdown below the short-term support of **8.336** before initiating short positions. - Monitor decreasing momentum in the MACD and volume for signs of a potential reversal.

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