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$BTC $ETH
⁉️ What to expect from the market next week?
Weekend market is calm, but next week could be different - incoming news might bring some volatility.
Several key events:
🟢 USA-based public companies reports: Several multi-billion dollar companies (MSC, Sodexo) are expected to disclose holding #BTC in reserves, which could boost #BTC prices.
🟢 Spot Ethereum ETF debate: The SEC confirmed that #ETH isn't a security. There’s no doubt - an ETF will be approved soon. I expect a strong pump for #ETH and related projects upon approval.
Fundamentally, the market is poised for growth, and technically, the price is at a strong reversal level, which is the lower boundary of the sideways channel of the past three months.
💸 Although we might see sellers testing the support over the weekend (the gap at the $59.5k level), the selling volumes are already at minimum. Once the gap is successfully closed, I expect continued growth for #BTC.
⁉️ What to expect from the market next week?
Weekend market is calm, but next week could be different - incoming news might bring some volatility.
Several key events:
🟢 USA-based public companies reports: Several multi-billion dollar companies (MSC, Sodexo) are expected to disclose holding #BTC in reserves, which could boost #BTC prices.
🟢 Spot Ethereum ETF debate: The SEC confirmed that #ETH isn't a security. There’s no doubt - an ETF will be approved soon. I expect a strong pump for #ETH and related projects upon approval.
Fundamentally, the market is poised for growth, and technically, the price is at a strong reversal level, which is the lower boundary of the sideways channel of the past three months.
💸 Although we might see sellers testing the support over the weekend (the gap at the $59.5k level), the selling volumes are already at minimum. Once the gap is successfully closed, I expect continued growth for #BTC.
#BONK/USDT ANALYSIS
BONK is currently experiencing a rebound from the support trendline of an ascending triangle pattern. However, the 21MA is acting as a resistance level above the price action. For a bullish confirmation, BONK needs to break out of both the ascending triangle and the 21MA.
Conversely, if BONK fails to maintain its position within the triangle and breaks down from it, this could signal a potential downward movement in its price. This pivotal moment will determine the next directional move for BONK.
$BTC
#BTC/USDT ANALYSIS
Bitcoin is exhibiting a promising consolidation within a bull flag pattern, with prices rebounding from the support trendline.
The Ichimoku cloud further reinforces this bullish sentiment by providing additional support, indicating sustained upward momentum.
A breakout above the bull flag pattern would serve as a robust confirmation of continued bullishness, potentially signaling a strong upward move.
However, if Bitcoin falls below the support trendline of the flag, this would invalidate the pattern, suggesting a potential shift in market sentiment and a possible downturn.
#BTC/USDT ANALYSIS
Bitcoin is exhibiting a promising consolidation within a bull flag pattern, with prices rebounding from the support trendline.
The Ichimoku cloud further reinforces this bullish sentiment by providing additional support, indicating sustained upward momentum.
A breakout above the bull flag pattern would serve as a robust confirmation of continued bullishness, potentially signaling a strong upward move.
However, if Bitcoin falls below the support trendline of the flag, this would invalidate the pattern, suggesting a potential shift in market sentiment and a possible downturn.
$BTC
#BTC/USDT ANALYSIS
Bitcoin has recently broken out of the descending broadening wedge pattern with significant volume, signaling a potential shift in market sentiment towards a bullish trend.
The 50-day moving average (50MA) is currently acting as a strong support level, further indicating bullish momentum.
However, for this upward movement to be confirmed, we need to wait for a successful retest of the breakout level. A successful retest, where the price revisits and holds above the breakout level or the 50MA support, would provide the necessary confirmation that the new support level is solid and that the bullish momentum is likely to continue.
#BTC/USDT ANALYSIS
Bitcoin has recently broken out of the descending broadening wedge pattern with significant volume, signaling a potential shift in market sentiment towards a bullish trend.
The 50-day moving average (50MA) is currently acting as a strong support level, further indicating bullish momentum.
However, for this upward movement to be confirmed, we need to wait for a successful retest of the breakout level. A successful retest, where the price revisits and holds above the breakout level or the 50MA support, would provide the necessary confirmation that the new support level is solid and that the bullish momentum is likely to continue.
$ETH
#ETH/USDT ANALYSIS
ETH is currently experiencing a consolidation phase within a descending channel. The price is trading below the resistance trendline of this channel, indicating that the downward pressure is still in play. A significant resistance level is also being reinforced by the 100MA, which is adding to the selling pressure and making it difficult for ETH to break higher.
A successful breakout above the descending channel's resistance trendline, accompanied by a clear move above the 100MA, would suggest a potential reversal and an upward trend. Such a breakout would need to be confirmed by strong trading volume and sustained price action above these resistance levels.
On the other hand, if ETH fails to break above these resistance levels and instead breaks down below the lower trendline of the descending channel, it would signal a continuation of the bearish trend. This breakdown would likely lead to further downside.
#ETH/USDT ANALYSIS
ETH is currently experiencing a consolidation phase within a descending channel. The price is trading below the resistance trendline of this channel, indicating that the downward pressure is still in play. A significant resistance level is also being reinforced by the 100MA, which is adding to the selling pressure and making it difficult for ETH to break higher.
A successful breakout above the descending channel's resistance trendline, accompanied by a clear move above the 100MA, would suggest a potential reversal and an upward trend. Such a breakout would need to be confirmed by strong trading volume and sustained price action above these resistance levels.
On the other hand, if ETH fails to break above these resistance levels and instead breaks down below the lower trendline of the descending channel, it would signal a continuation of the bearish trend. This breakdown would likely lead to further downside.
$BTC
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle, indicating market indecision and a potentially significant move. The direction remains uncertain, with the Ichimoku cloud acting as a resistance zone above.
For traders and investors, it's crucial to monitor this pattern closely and wait for a decisive breakout or breakdown.
A successful breakout above the resistance could signal a bullish continuation, while a breakdown below the support might indicate a bearish trend.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a symmetrical triangle, indicating market indecision and a potentially significant move. The direction remains uncertain, with the Ichimoku cloud acting as a resistance zone above.
For traders and investors, it's crucial to monitor this pattern closely and wait for a decisive breakout or breakdown.
A successful breakout above the resistance could signal a bullish continuation, while a breakdown below the support might indicate a bearish trend.
$REI
#REI/USDT ANALYSIS
REI is currently rebounding from the support trendline of its descending channel. However, the Ichimoku cloud is providing resistance just above the price action.
A breakout above both the channel and the Ichimoku cloud would signal bullish confirmation.
Conversely, a failure to break through could result in a decline from this level.
#REI/USDT ANALYSIS
REI is currently rebounding from the support trendline of its descending channel. However, the Ichimoku cloud is providing resistance just above the price action.
A breakout above both the channel and the Ichimoku cloud would signal bullish confirmation.
Conversely, a failure to break through could result in a decline from this level.
$BTC
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern, which often signals a potential breakout or breakdown. The price is positioned above a significant horizontal demand zone, indicating that there is buying interest at this level.
The 200-day moving average is providing strong support, suggesting that there is a substantial amount of momentum below the triangle.
On the other hand, the Ichimoku cloud acts as a resistance, creating a barrier for upward movement. To determine the next significant move, it is crucial to wait for a clear and confirmed breakout above the resistance or a breakdown below the support. This will provide a more definitive direction for Bitcoin's future price action.
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern, which often signals a potential breakout or breakdown. The price is positioned above a significant horizontal demand zone, indicating that there is buying interest at this level.
The 200-day moving average is providing strong support, suggesting that there is a substantial amount of momentum below the triangle.
On the other hand, the Ichimoku cloud acts as a resistance, creating a barrier for upward movement. To determine the next significant move, it is crucial to wait for a clear and confirmed breakout above the resistance or a breakdown below the support. This will provide a more definitive direction for Bitcoin's future price action.
$VGX
#VGX/USDT ANALYSIS
VGX is currently consolidating within a falling wedge pattern. It is rebounding from the support trendline of the wedge, with the 21-day and 50-day moving averages acting as resistance. We need to wait for a successful breakout, as a breakout from the wedge would confirm a bullish trend.
#VGX/USDT ANALYSIS
VGX is currently consolidating within a falling wedge pattern. It is rebounding from the support trendline of the wedge, with the 21-day and 50-day moving averages acting as resistance. We need to wait for a successful breakout, as a breakout from the wedge would confirm a bullish trend.
$BTC
#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within an ascending triangle pattern. It is facing rejection at the horizontal resistance zone of the triangle.
The 100-day moving average (MA) is providing support, while the 200-day MA is acting as resistance above the triangle. We need to wait for a successful breakout or breakdown to confirm the next direction.
#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within an ascending triangle pattern. It is facing rejection at the horizontal resistance zone of the triangle.
The 100-day moving average (MA) is providing support, while the 200-day MA is acting as resistance above the triangle. We need to wait for a successful breakout or breakdown to confirm the next direction.
$TRX
#TRX/USDT ANALYSIS
TRX has successfully broken out of the symmetrical triangle pattern with significant trading volume, signaling a potential shift in sentiment.
Both the Ichimoku Cloud and the 200-day moving average indicate strong bullish momentum for TRX.
Given these technical indicators, we can anticipate substantial gains in the near future.
Traders should consider this an opportune moment to capitalize on the expected upward movement.
#TRX/USDT ANALYSIS
TRX has successfully broken out of the symmetrical triangle pattern with significant trading volume, signaling a potential shift in sentiment.
Both the Ichimoku Cloud and the 200-day moving average indicate strong bullish momentum for TRX.
Given these technical indicators, we can anticipate substantial gains in the near future.
Traders should consider this an opportune moment to capitalize on the expected upward movement.
$BTC
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern, indicating a period of consolidation that could precede a significant price movement.
The Ichimoku cloud, is acting as a resistance zone above the current price action, suggesting bearish pressure in the market.
Concurrently, the 200MA is providing a critical support level below the triangle, highlighting a potential area of buying interest.
To determine the next significant price direction, traders should closely monitor for a successful breakout above the resistance of the descending triangle or a breakdown below the support.
Until such a move is confirmed, it is prudent to remain cautious and avoid making significant trading decisions based solely on the current price action within the triangle.
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern, indicating a period of consolidation that could precede a significant price movement.
The Ichimoku cloud, is acting as a resistance zone above the current price action, suggesting bearish pressure in the market.
Concurrently, the 200MA is providing a critical support level below the triangle, highlighting a potential area of buying interest.
To determine the next significant price direction, traders should closely monitor for a successful breakout above the resistance of the descending triangle or a breakdown below the support.
Until such a move is confirmed, it is prudent to remain cautious and avoid making significant trading decisions based solely on the current price action within the triangle.
$PEPE
#PEPE/USDT ANALYSIS
PEPE has recently broken out of a descending channel, accompanied by significant volume, signaling strong bullish momentum.
Currently, it is undergoing a retest above the channel, with the 50-day moving average providing critical support. This support from the 50 MA suggests underlying bullish strength.
If PEPE successfully holds above the descending channel during this retest, it would serve as a bullish confirmation.
#PEPE/USDT ANALYSIS
PEPE has recently broken out of a descending channel, accompanied by significant volume, signaling strong bullish momentum.
Currently, it is undergoing a retest above the channel, with the 50-day moving average providing critical support. This support from the 50 MA suggests underlying bullish strength.
If PEPE successfully holds above the descending channel during this retest, it would serve as a bullish confirmation.
$BTC
#BTC/USDT ANALYSIS
Bitcoin is currently testing the horizontal resistance zone of an ascending triangle on the weekly timeframe. This pattern suggests the potential for a significant price movement, as ascending triangles often precede breakouts.
The 21-day moving average is acting as a resistance level. A breakout above this moving average would indicate a bullish trend, likely leading to higher prices.
Conversely, if Bitcoin fails to break through the 21MA, it may result in a downward movement within the triangle, potentially revisiting lower support levels.
#BTC/USDT ANALYSIS
Bitcoin is currently testing the horizontal resistance zone of an ascending triangle on the weekly timeframe. This pattern suggests the potential for a significant price movement, as ascending triangles often precede breakouts.
The 21-day moving average is acting as a resistance level. A breakout above this moving average would indicate a bullish trend, likely leading to higher prices.
Conversely, if Bitcoin fails to break through the 21MA, it may result in a downward movement within the triangle, potentially revisiting lower support levels.
$LUNC
#LUNC/USDT ANALYSIS
LUNC is presently trading within a descending triangle pattern, with prices rebounding from the horizontal demand zone. The Ichimoku cloud adds to the bearish sentiment by providing resistance above the triangle.
A breakout could signal a potential upward trend, while a breakdown might indicate further downward movement.
Monitoring these key technical levels will be crucial in anticipating LUNC's next direction.
#LUNC/USDT ANALYSIS
LUNC is presently trading within a descending triangle pattern, with prices rebounding from the horizontal demand zone. The Ichimoku cloud adds to the bearish sentiment by providing resistance above the triangle.
A breakout could signal a potential upward trend, while a breakdown might indicate further downward movement.
Monitoring these key technical levels will be crucial in anticipating LUNC's next direction.
$BTC
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern. It is rebounding from the demand zone of the triangle, with additional support provided by the 200-day moving average below the triangle. A breakout above the triangle would signal a bullish trend.
Conversely, if it breaks down below the triangle, we could see further correction in the market.
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern. It is rebounding from the demand zone of the triangle, with additional support provided by the 200-day moving average below the triangle. A breakout above the triangle would signal a bullish trend.
Conversely, if it breaks down below the triangle, we could see further correction in the market.
$DOGE
#DOGE/USDT ANALYSIS
DOGE is currently consolidating within a falling wedge pattern and trading above the support trendline. A bounce from this support trendline is anticipated.
However, the Ichimoku cloud above the wedge is acting as resistance. A breakout above both the falling wedge pattern and the Ichimoku cloud would confirm a bullish trend.
Conversely, if DOGE breaks below the support trendline, the pattern will be invalidated.
#DOGE/USDT ANALYSIS
DOGE is currently consolidating within a falling wedge pattern and trading above the support trendline. A bounce from this support trendline is anticipated.
However, the Ichimoku cloud above the wedge is acting as resistance. A breakout above both the falling wedge pattern and the Ichimoku cloud would confirm a bullish trend.
Conversely, if DOGE breaks below the support trendline, the pattern will be invalidated.
$BTC
#BTC/USDT ANALYSIS
Bitcoin is currently experiencing a smooth decline as it approaches the symmetrical triangle support trendline and the horizontal demand zone, areas that often serve as critical support levels in technical analysis.
The bearish momentum indicated by the Ichimoku cloud adds to the negative sentiment surrounding Bitcoin's price action. Despite this, there is potential for a bounce from these support levels, which could halt the current downtrend and provide a bullish reversal.
However, if Bitcoin fails to hold these levels and breaks through the support trendline and demand zone, it is likely to trigger further corrections in the market, potentially leading to more significant declines in the cryptocurrency's value.
#BTC/USDT ANALYSIS
Bitcoin is currently experiencing a smooth decline as it approaches the symmetrical triangle support trendline and the horizontal demand zone, areas that often serve as critical support levels in technical analysis.
The bearish momentum indicated by the Ichimoku cloud adds to the negative sentiment surrounding Bitcoin's price action. Despite this, there is potential for a bounce from these support levels, which could halt the current downtrend and provide a bullish reversal.
However, if Bitcoin fails to hold these levels and breaks through the support trendline and demand zone, it is likely to trigger further corrections in the market, potentially leading to more significant declines in the cryptocurrency's value.
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