Hello Traders, Here's an update on NOTCOIN. NOTCOIN is currently at the support trendline and is likely to rebound soon. The RSI is showing a bullish divergence, indicating potential upward momentum. On the bearish side, if NOTCOIN closes below the support trendline on the daily timeframe, it could drop toward the lower support at $0.00443, which could eventually present a good accumulation range for NOTCOIN. Entry: $0.007 to CMP.SL: A close below the support trendline in a daily timeframe.Targets: $0.0125, $0.0173, $0.0238, $0.029. Note: Accumulate the dip and have patience. Don’t trade blindly—make sure to do your own research and analysis before investing. #Notcoin👀🔥 #CryptoMarketMoves $NOT
In a bold move, María Corina Machado, leader of the Venezuelan opposition, proposes Bitcoin as a national reserve asset.
In a recent conversation with Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, she emphasized Bitcoin's critical role in safeguarding the country from hyperinflation and the long-standing damage done by the Chávez and Maduro regimes.
Could Bitcoin become the lifeline Venezuela needs to escape its economic turmoil? 👀
USDT dominance is approaching the resistance trendline. The current movement resembles a double-top pattern, and we might see a slight push before a potential rejection.
The RSI is losing momentum, indicating a significant bearish move for dominance. If USDT.D drops, it could be a positive sign for BTC and altcoins.
I’ll be analyzing altcoins accordingly, so if you have any preferences, feel free to let me know.
We can see the bearish move on BTC. The price is currently at $56.7k and is likely to go further down according to our analysis.
The RSI still has some room to reach the oversold zone, indicating the continuation of the bearish trend.
Once the drop occurs, the support level between $50.6k and $52.5k must hold strong. A close below this range could be devastating for BTC.
Regarding a bullish move, only a miraculous inflow of funds could pump the price from the current market price (CMP). Otherwise, according to the analysis, BTC remains bearish on the higher timeframe.
Be cautious and do thorough research before investing.
In the daily timeframe, BTC appears bearish. It failed to reach the resistance trendline and was rejected after hitting $65k. The price in the hourly timeframe shows some support, but without sufficient inflow, this support may not hold.
In this chart, BTC is caught between support and resistance, and given the current market scenario, the price is leaning more toward the bearish side. The support trendline around $52.5k will be crucial if BTC drops further.
Be cautious and do thorough research before investing. If you're using leverage, make sure to set a stop loss.
TAO is currently in a descending triangle pattern, forming a downtrend. After being rejected by the 100 EMA and the resistance trendline, TAO has dropped nearly 28% and is currently holding support at $260.
If TAO fails to hold the primary support, it is expected to find support at $212, followed by a potential rebound.
For a bullish rally, TAO must break out above the 100 EMA and the resistance trendline, either from the primary support or the lower support.
Note: Be sure to conduct your own research and analysis before investing.
Previously, I mentioned BCCOIN, and those who invested in this project saw significant profits as the price rallied from $0.57 to $3.7—a 550% gain in just 3 days.
Now, here's another analysis on a shorter timeframe. For those who missed the previous gains, you’ll want to pay close attention.
BCCOIN has formed a parallel channel in this 4-hour timeframe chart, and the price is currently holding the middle channel as support. BCCOIN must break above the parallel channel and the 50 EMA to continue the bullish rally. Supporting this move, the RSI is forming a bullish divergence pattern.
Once the breakout is confirmed, it could easily target the previous local high of $3.7.
On the downside, if the market turns bearish, $0.646 is likely to hold as strong support for BCCOIN.
In the daily timeframe, BTC appears bearish. It failed to reach the resistance trendline and was rejected after hitting $65k. The price in the hourly timeframe shows some support, but without sufficient inflow, this support may not hold.
In this chart, BTC is caught between support and resistance, and given the current market scenario, the price is leaning more toward the bearish side. The support trendline around $52.5k will be crucial if BTC drops further.
Be cautious and do thorough research before investing. If you're using leverage, make sure to set a stop loss.
In our previous BTC update, we mentioned the rejection of BTC due to the RSI losing momentum. The price dropped 11% and currently holds at an important support range between $57.7k and $58.3k.
With the current price at $59.1k and the RSI gaining bullish momentum, BTC is expected to rally 10%-12%.
However, if BTC closes below the blue support box, it will invalidate the rally and likely experience a further drop.