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Stellar (XLMUSD) is controlled by a bearish corrective wave - Analysis - 12-31-2024
The price of Stellar (XLMUSD) stabilized at a decline during its recent trading at the moment levels, amid the dominance of the bearish corrective trend in the short term and its trading along a very steep trend line, with the continuation of negative pressure due to its trading below its simple moving average for the previous 50-day period, in addition to that, we notice the occurrence of negative signals in the relative strength indicators, despite reaching areas of extreme saturation with selling operations.
Therefore, we expect the currency price to decline during its upcoming trading, targeting the important and close support level 0.311903 in preparation for breaking it.
The expected direction for the upcoming trading: Bearish $XLM
Litecoin (LTCUSD) Between the Hammer and the Anvil - Analysis - 12-31-2024
The price of Litecoin LITECOINLTC (LTCUSD) rose during its recent trading at the moment levels, amid the dominance of the main upward trend and its trading along a trend line, with the beginning of positive signals from the relative strength indicators, after reaching areas of severe saturation with selling operations, but in light of that, the price suffers from negative pressure due to its trading below its simple moving average for the previous 50-day period, which may curb the upcoming price gains.
Therefore, our expectations indicate further rise in the price of the currency during its upcoming trading, especially in the event that it returns to stability above the $101.30 level, to then target the first resistance levels of $125.40.
The expected direction for the upcoming trading: Likely to rise $LTC
Tron (TRXUSD) receives a positive boost - Analysis - 12-31-2024
The price of Tron (TRXUSD) rose during its recent trading at the moment levels, as a result of the price relying on the support of its simple moving average for the previous 50-day period, which gave it positive momentum that helped it achieve some slight gains, in light of the dominance of the main upward trend in the medium term and its trading along a minor trend line in the short term, with the occurrence of positive signals on the relative strength indicators.
Therefore, our expectations indicate an increase in the price of the currency during its upcoming trading, as long as the support level of $0.24400575 remains stable, targeting the resistance level of $0.31023492.
The expected direction for the upcoming trading: Upward $TRX
Toncoin (TONUSD) is suffering from negative pressures - Analysis - 12-31-2024
The price of Toncoin (TONUSD) has decreased during its recent trading at the moment levels, amid the dominance of the main bearish trend in the medium term and its trading along a trend line, with the continuation of negative pressure due to its trading below its simple moving average for the previous 50-day period, in addition to that, we notice the beginning of the emergence of negative signals in the relative strength indicators, after reaching areas of severe saturation with buying operations.
Therefore, our expectations indicate a further decline in the price of the currency during its upcoming trading, as long as the resistance level of $6.0900 remains stable, targeting the pivotal support level of $4.7733.
The expected direction for the upcoming trading: Downward $TON
Binance Coin (BNBUSD) Consolidates Its Gains ā Analysis ā 12-31-2024
The price of Binance Coin (BNBUSD) advanced during its recent trading at the moment levels, amid the continuation of positive support due to its trading above its previous 50-day simple moving average, and under the control of the main upward trend in the short term and its trading along a trend line, as we notice the occurrence of positive signals in the relative strength indicators, despite reaching areas of severe saturation with buying operations.
Therefore, we expect further rise in the price of the currency during its upcoming trading, as long as the support level of $650.00 remains stable, targeting the resistance level of $794.30.
The expected direction for the upcoming trading: Upward $BNB
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Update: Ethereum (ETHUSD) price resumes its decline
Ethereum (ETHUSD) price is rebounding lower after testing the $3425.50 level, and we notice that the Stochastic indicator is crossing negatively to enhance the chances of continuing the decline for the rest of the day, noting that our expected targets start at $3222.00 and extend to $3017.30 after breaking the previous level, while achieving them requires stability below the $3425.50 levels and most importantly below $3510.00.
Update: Bitcoin (BTCUSD) price is trying to bearishly
Bitcoin (BTCUSD) price is showing negative trading now, indicating a resumption of the expected bearish corrective trend for today, targeting $91000.00 then $87055.00 as the next negative stations, noting that the 50 moving average supports the proposed bearish wave, which will remain in place unless the $95195.00 then $96140.00 levels are breached and stabilized above them.
Bitcoin (BTCUSD) price was able to break the $95195.00 level and closed the previous daily candles below it, which supports the continuation of the expected bearish corrective trend in the immediate and short term, awaiting a visit to the $91000.00 levels and then $87055.00, which represent our next negative targets.
The descending channel organizes the proposed bearish wave, noting that breaking the $95195.00 levels and then $96140.00 will stop the expected decline and lead the price to regain the main upward trend again.
The expected trading range for today is between the support $91000.00 and the resistance $95500.00
Ethereum (ETHUSD) Price Tests the First Resistance ā Today's Forecast 12-30-2024
Ethereum (ETHUSD) price has been showing sideways trading in the past sessions, and is testing the resistance of $3425.50 now, affected by the positivity of the Stochastic indicator, while the 50 moving average meets this resistance to add more strength to it, waiting to push the price to resume the bearish corrective trend, which targets the levels of $3222.00 and then $3017.30 as the next main stations.
Therefore, we continue to favor the bearish trend for the coming period unless the price rushes to break the levels of $3425.50 and then $3510.00 and stabilize above them.
Expected trading range for today is between support $3270.00 and resistance $3510.00
EOS (EOSUSDT) is suffering from negative pressures - Analysis - 12-30-2024
The price of EOS/USD (EOSUSDT) has advanced slightly during its recent trading at the moment levels, amid continued negative pressure due to its trading below its previous 50-day simple moving average, and under the control of a short-term downward corrective wave. We also notice the occurrence of negative signals in the relative strength indicators, despite their stability in areas of severe saturation with selling operations, so that the price tries with its recent rise to compensate for part of the previous losses it incurred.
Therefore, our expectations indicate a decrease in the price of the currency during its upcoming trading, as long as it is stable below the resistance level of $0.8903, targeting the support level of $0.7030.
The expected direction for the upcoming trading: Down $EOS
Cardano (ADAUSD) is controlled by a bearish corrective trend - Analysis - 12-30-2024
The price of the Cardano/USD (ADAUSD) currency stabilized at a decline during its recent trading at the moment levels, amid the dominance of a bearish corrective wave in the short term, with the continuation of negative pressure due to its trading below its simple moving average for the previous 50-day period, and in addition to the above, we notice the occurrence of negative signals in the relative strength indicators, despite their stability in areas of severe saturation with selling operations.
Therefore, we expect the currency price to decline during its upcoming trading, as long as the resistance level of $1.039 remains stable, targeting the pivotal support level of $0.762.
The expected direction for the upcoming trading: Bearish $ADA
The price of FLOW /USD (FLOWUSDT) advanced during its recent trading at the moment levels, supported by the occurrence of positive signals from the relative strength indicators, amid the dominance of the downward corrective trend in the short term, with the continuation of negative pressure due to its trading below its simple moving average for the previous 50-day period, so that the price tries with this rise to compensate for part of the previous losses it incurred.
Therefore, our expectations suggest the return of the currency price decline during its upcoming trading, as long as the resistance level of $0.811 remains stable, targeting the important support level of $0.630.
Therefore, our expectations suggest the return of the currency price decline during its upcoming trading, as long as the resistance level of $0.811 remains stable, targeting the important support level of $0.630.
The expected direction for the upcoming trading: Likely to decline $FLOW
ZECUSDT is looking for a rising bottom - Analysis - 12-30-2024
The price of ZECUSDT fell during its recent trading at the moment levels, with negative pressure due to the occurrence of negative signals in the relative strength indicators, after it had previously reached areas of severe saturation with buying operations, so that the price is trying to search for a rising bottom from which it can take a base that may help it gain the necessary positive momentum to regain its recovery, in light of the dominance of the main upward trend in the medium term and its trading along a minor trend line in the short term, with the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period.
Therefore, our expectations indicate the likelihood of a scenario of a return to the rise of the currency price during its upcoming trading, as long as the support level of $50.00 remains stable, targeting the pivotal resistance level of $79.33.
The expected direction for the upcoming trading: It is likely to rise $ZEC
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Evening update and expectations for Bitcoin price 12-27-2024
Bitcoin (BTCUSD) price is starting the process of breaking the $95195.00 level now, reinforcing expectations of the continued dominance of the downward corrective trend during the upcoming sessions, paving the way for heading towards our next negative targets that start at $91000.00 and extend to $87055.00, reminding that the continuation of the downward wave depends on stability below the $98600.00 level. $BTC
Evening update and forecast for Ethereum price 12-27-2024
Ethereum (ETHUSD) price tested the first resistance $3425.50 and rebounded down from there, supporting the continuation of the expected downtrend in the immediate and short term, reminding that our targets start at $3222.00 and extend to $3017.30 after breaking the previous level, reminding that stability below $3510.00 is a prerequisite for the continuation of the expected decline.
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