Current Status: Near Parallel Channel Resistance. #Bitcoin is currently hovering near the parallel channel resistance, with a range between $40,500 and $41,000. The recent price action resembles a rising wedge, suggesting a potential bearish move if the $41,000 level faces rejection.
Anticipated Reversal Scenario: If the price is rejected from the $40,500-$41,000 range, we may witness a bearish trend. The initial stop is projected at $37,500, and a second stop at $32,000 could come into play if the channel support at $37,500 is breached.
Key Levels to Watch: Support Levels: $37,500 / $32,000 Resistance Level: $41,000 #BTC #ETH $BTC $ETH $XVS #LUNC #USTC
$CTK is trading at horizontal and trending line resistance with good volume, it looks promising, so keep an eye on this resistance. Target limits given in the chart.
❄️Price is trading in an Uptrend on 4h TF . Price is expected to move higher after testing 200 Ema and its Recent Support zone which gives double confirmation for upcoming bullish momentum .
😌Price should break $11.34 level & Trendline with strong momentum to go higher .
I also wanted to Update ETH again here as I'm sure many people will be interested.
Since the last update, things has happened here too, ETH has broken out and successfully tested the support.
My Eliot Wave Count, as you can also see in the screenshot, remains a good plan and is a signpost for you as to where the journey can go.
In principle, it is nothing other than what I always try to tell you "make a plan and stick to it".
2281$ I would say remains my target before ETH recovers a bit. If you see the game as it has been so far then you don't need a setup from me, you can see the success for yourself. #BTC #crypto #Bitcoin-BTC $SOL $PIVX
🔍 We're currently seeing a dip, but don't worry! There's a support zone between $34,100 - $33,600 that's worth keeping an eye on. 📉➡️📈
💭 Remember, this isn't just a drop. It's a healthy pullback, a normal part of our market's ebb and flow. These moments are crucial for long-term growth.
🤝 As always, I'm here to navigate these waves with you. We've got this! #BTC #AVAX #tia $BTC #xrp $AVAX $SOL
#USDT.DOMINANCE UPDATE: #Usdt Dominance is getting dumped after breaking down of the Triangle like we predicted. We saw a pump in the crypto market after the dump in Dominance because this works opposite to each other. #USDTdominance #BTC #bitcoinhalving #BinanceSquare $BTC $ETH $BNB