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@shinobusensei
Crypto expert by day, Tech lord by night. Providing technical analysis for the average Joe, not the moon boys.
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Gravity Introduces Revolutionary Layer 1 Omnichain Smart Contract Platform
Gravity $G , a new Layer 1 omnichain smart contract platform, is set to transform cross-chain interactions with its efficient, scalable, and secure technology. Designed to streamline complex processes, Gravity aims to enhance Web3 experiences for users and developers, supporting mass adoption.
The Role of the 'G' Token
The native G token powers Gravity and the Galxe ecosystem, functioning as the gas token for transactions and securing the network through staking. G is essential for governance, incentivizing growth, and facilitating payments within both ecosystems.
Core Functionalities and Benefits for G Holders
1.Staking: Stake G to participate in governance, secure the network, and access exclusive rewards.
2.Governance Participation: Governed by G holders through the G DAO, this decentralized model allows for collaborative decision-making.
3.Transactional Utility: G serves as the native gas token for all on-chain transactions on Gravity Chain, making it integral to the platform’s operations.
4.Payments: G is used for fees in Galxe applications, such as Galxe Quest and Galxe Passport, expanding its utility across the ecosystem.
5.Staking Rewards: G holders who stake their tokens earn rewards and gain access to exclusive features within the Galxe ecosystem.
Future Prospects for the Gravity Chain
The Gravity Chain is positioned to become a vital infrastructure within the Web3 ecosystem, offering a scalable, secure, and efficient platform for cross-chain interactions. As more decentralized applications adopt Gravity’s omnichain technology, it could become a central hub for complex cross-chain operations, attracting diverse projects and developers. Its focus on scalability and security makes it a potential leader in the decentralized space.
The Future of Galxe Powered by Gravity
With Gravity as its foundation, the Galxe ecosystem is set to enhance its capabilities and expand its offerings. By integrating Gravity’s technology, Galxe can deliver more robust and scalable applications, increasing its appeal to developers and users. This collaboration promises to drive innovation and adoption across Web3, positioning Galxe as a more interconnected and versatile ecosystem. The partnership is expected to unlock new functionalities, such as seamless cross-chain interactions and improved user experiences, solidifying Galxe’s role in the decentralized world.
Happy Trading!!!
$G
$BTC
#GravityAlphaMainnet
#BinanceSquareFamily
#bitcoin☀️
#CryptoMarketMoves #BinanceBlockchainWeek
The Role of the 'G' Token
The native G token powers Gravity and the Galxe ecosystem, functioning as the gas token for transactions and securing the network through staking. G is essential for governance, incentivizing growth, and facilitating payments within both ecosystems.
Core Functionalities and Benefits for G Holders
1.Staking: Stake G to participate in governance, secure the network, and access exclusive rewards.
2.Governance Participation: Governed by G holders through the G DAO, this decentralized model allows for collaborative decision-making.
3.Transactional Utility: G serves as the native gas token for all on-chain transactions on Gravity Chain, making it integral to the platform’s operations.
4.Payments: G is used for fees in Galxe applications, such as Galxe Quest and Galxe Passport, expanding its utility across the ecosystem.
5.Staking Rewards: G holders who stake their tokens earn rewards and gain access to exclusive features within the Galxe ecosystem.
Future Prospects for the Gravity Chain
The Gravity Chain is positioned to become a vital infrastructure within the Web3 ecosystem, offering a scalable, secure, and efficient platform for cross-chain interactions. As more decentralized applications adopt Gravity’s omnichain technology, it could become a central hub for complex cross-chain operations, attracting diverse projects and developers. Its focus on scalability and security makes it a potential leader in the decentralized space.
The Future of Galxe Powered by Gravity
With Gravity as its foundation, the Galxe ecosystem is set to enhance its capabilities and expand its offerings. By integrating Gravity’s technology, Galxe can deliver more robust and scalable applications, increasing its appeal to developers and users. This collaboration promises to drive innovation and adoption across Web3, positioning Galxe as a more interconnected and versatile ecosystem. The partnership is expected to unlock new functionalities, such as seamless cross-chain interactions and improved user experiences, solidifying Galxe’s role in the decentralized world.
Happy Trading!!!
$G
$BTC
#GravityAlphaMainnet
#BinanceSquareFamily
#bitcoin☀️
#CryptoMarketMoves #BinanceBlockchainWeek
$BTC Liquidation Map by Leverage (Binance BTC/USDT)
Leverage Distribution:
100x Leverage:
Price Range: 59,735 - 63,000 USDTLiquidation Volume: Peaks at ~10M USDT.
50x Leverage:
Price Range: 59,735 - 63,000 USDTLiquidation Volume: Peaks at ~8M USDT.
25x Leverage:
Price Range: 63,000 - 64,000 USDTLiquidation Volume: Peaks at ~6M USDT.
10x Leverage:
Price Range: 63,000 - 66,000 USDTLiquidation Volume: Peaks at ~4M USDT.
Cumulative Liquidation:
Support Side:
Volume: Rises sharply below 63,000 USDT, with a significant increase between 60,000 - 63,000 USDT.
Max Liquidation Volume: ~10M USDT at 60,000 USDT.
Resistance Side:
Volume: Increases steadily above 63,000 USDT, peaking between 64,000 - 66,000 USDT.
Max Liquidation Volume: ~800M USDT at 64,000 USDT.
Summary of Critical Price Levels:
Support:
Key Level: ~60,000 USDT
Max Liquidation Volume: ~10M USDT
Resistance:
Key Level: ~64,000 USDT
Max Liquidation Volume: ~800M USDT
Leverage Sensitivity:
High-Risk Zones: ~59,735 - 63,000 USDT with substantial liquidation volumes in high leverage positions.
Resistance Build-Up: Above 63,000 USDT, cumulative liquidation volume indicates strong resistance potential.
In the past 24 hours, 55,632 traders were liquidated, the total liquidations comes in at $139.04 million as of now.
Happy Trading!!!😇
#PowellAtJacksonHole #CryptoMarketMoves #bitcoin☀️ #LiquidationHeatmap #BinanceSquareFamily
Leverage Distribution:
100x Leverage:
Price Range: 59,735 - 63,000 USDTLiquidation Volume: Peaks at ~10M USDT.
50x Leverage:
Price Range: 59,735 - 63,000 USDTLiquidation Volume: Peaks at ~8M USDT.
25x Leverage:
Price Range: 63,000 - 64,000 USDTLiquidation Volume: Peaks at ~6M USDT.
10x Leverage:
Price Range: 63,000 - 66,000 USDTLiquidation Volume: Peaks at ~4M USDT.
Cumulative Liquidation:
Support Side:
Volume: Rises sharply below 63,000 USDT, with a significant increase between 60,000 - 63,000 USDT.
Max Liquidation Volume: ~10M USDT at 60,000 USDT.
Resistance Side:
Volume: Increases steadily above 63,000 USDT, peaking between 64,000 - 66,000 USDT.
Max Liquidation Volume: ~800M USDT at 64,000 USDT.
Summary of Critical Price Levels:
Support:
Key Level: ~60,000 USDT
Max Liquidation Volume: ~10M USDT
Resistance:
Key Level: ~64,000 USDT
Max Liquidation Volume: ~800M USDT
Leverage Sensitivity:
High-Risk Zones: ~59,735 - 63,000 USDT with substantial liquidation volumes in high leverage positions.
Resistance Build-Up: Above 63,000 USDT, cumulative liquidation volume indicates strong resistance potential.
In the past 24 hours, 55,632 traders were liquidated, the total liquidations comes in at $139.04 million as of now.
Happy Trading!!!😇
#PowellAtJacksonHole #CryptoMarketMoves #bitcoin☀️ #LiquidationHeatmap #BinanceSquareFamily
WazirX to resume phased fiat withdrawals after cyberattack.
India-based crypto exchange WazirX announced that it will begin a phased resumption of fiat currency withdrawals on Aug. 26, following a month-long suspension due to a cyberattack, according to an Aug. 23 press release.
Due to ongoing disputes, and certain investigations by various law enforcement agencies (“LEAs”) which is assisting with (and it is not a target of such investigations), ~34% of INR balances are currently frozen and are not immediately available for withdrawal.
As a result, starting from 26 August 2024 (next Monday), all eligible users with INR balances will be able to withdraw up to ~66% of their INR balances as reflected on the WazirX platform in phases:
From 26 August – 8 September 2024, users will be able to withdraw up to half of the present ~66% limit of their INR balances; and from 9 – 22 September 2024, users will be able to withdraw up to the full ~66% limit of their INR balances.
$BTC
#wazirX #bitcoin☀️ #CryptoMarketMoves #MtGoxRepayments #BinanceSquareFamily
India-based crypto exchange WazirX announced that it will begin a phased resumption of fiat currency withdrawals on Aug. 26, following a month-long suspension due to a cyberattack, according to an Aug. 23 press release.
Due to ongoing disputes, and certain investigations by various law enforcement agencies (“LEAs”) which is assisting with (and it is not a target of such investigations), ~34% of INR balances are currently frozen and are not immediately available for withdrawal.
As a result, starting from 26 August 2024 (next Monday), all eligible users with INR balances will be able to withdraw up to ~66% of their INR balances as reflected on the WazirX platform in phases:
From 26 August – 8 September 2024, users will be able to withdraw up to half of the present ~66% limit of their INR balances; and from 9 – 22 September 2024, users will be able to withdraw up to the full ~66% limit of their INR balances.
$BTC
#wazirX #bitcoin☀️ #CryptoMarketMoves #MtGoxRepayments #BinanceSquareFamily
$BTC ’s short-term holder supply nears multy lows, hints at market consolidation
Highlights:
Bitcoin’s short-term holder supply has decreased markedly throughout 2024. The first chart illustrates a significant reduction from 3.3 million BTC in April to below 2.8 million BTC by late August. The chart shows that as the supply held by short-term holders decreased, Bitcoin’s price remained relatively stable, with only minor fluctuations.
The second chart, offering a historical perspective, highlights that this level of short-term holder supply is approaching levels last seen during the 2019 and 2020 bear markets. This historical context may suggest that the current reduction could be an early indicator of a market consolidation phase, especially considering similar patterns observed in previous cycles. Bitcoin’s price resilience amid declining short-term supply indicates a potential accumulation by long-term holders.
Credit: - CryptoSlate.
#CryptoMarketMoves #bitcoin☀️ #PowellAtJacksonHole #BullRunAhead #BinanceSquareFamily
Highlights:
Bitcoin’s short-term holder supply has decreased markedly throughout 2024. The first chart illustrates a significant reduction from 3.3 million BTC in April to below 2.8 million BTC by late August. The chart shows that as the supply held by short-term holders decreased, Bitcoin’s price remained relatively stable, with only minor fluctuations.
The second chart, offering a historical perspective, highlights that this level of short-term holder supply is approaching levels last seen during the 2019 and 2020 bear markets. This historical context may suggest that the current reduction could be an early indicator of a market consolidation phase, especially considering similar patterns observed in previous cycles. Bitcoin’s price resilience amid declining short-term supply indicates a potential accumulation by long-term holders.
Credit: - CryptoSlate.
#CryptoMarketMoves #bitcoin☀️ #PowellAtJacksonHole #BullRunAhead #BinanceSquareFamily
$FLOKI 1D Analysis:
MA:
MA 7: 0.00012120
MA 25: 0.00012742
MA 99: 0.00018726 - Price is well below this long-term moving average, which indicates a bearish outlook in the broader trend.
Bollinger Bands:
UB: 0.00013578
LB: 0.00011844
Price is currently moving upward within the bands, indicating possible volatility but is still not breaking through resistance levels.
Ichimoku Cloud:
The price is currently near the Kumo Cloud, hovering slightly below. This shows the asset is trying to recover from bearish momentum. The cloud is flat, indicating potential consolidation.
Stochastic RSI: 89.44, indicating the asset is nearing overbought territory. This suggests a pullback might be possible after the recent spike.
MACD:
MACD Line: -0.00000325
Signal Line: -0.00000791
The MACD is in a bearish zone, but showing signs of convergence, signaling a potential upward momentum shift.
ADX Value: 29.06 - This indicates that the current trend is moderately strong, though not overly so. The asset may not yet be in a strong trend phase.
BoP Value: 0.53 - Slight bullish sentiment, showing buyers have more control at the moment, but this is not a significant divergence.
CMF Value: -0.05 - Slightly negative, indicating that there is still outflow of capital from the market, showing no strong conviction from buyers yet.
Summary:
Current Trend: Short-term bullish with a potential move into overbought territory. Consolidation around current levels, with price nearing resistance from moving averages and Bollinger Bands.
Outlook: Price is trying to recover but needs to break key resistance levels to confirm a bullish trend reversal. Market participants should be cautious of a potential pullback as indicators show mixed signals between bullish momentum and consolidation.
$BTC has the upper hand at 57.02%.
Happy Trading!!!😇
$FLOKI
#BinanceSquareFamily #FLOKI? #bitcoin☀️ #CryptoMarketMoves #MemeWatch2024
MA:
MA 7: 0.00012120
MA 25: 0.00012742
MA 99: 0.00018726 - Price is well below this long-term moving average, which indicates a bearish outlook in the broader trend.
Bollinger Bands:
UB: 0.00013578
LB: 0.00011844
Price is currently moving upward within the bands, indicating possible volatility but is still not breaking through resistance levels.
Ichimoku Cloud:
The price is currently near the Kumo Cloud, hovering slightly below. This shows the asset is trying to recover from bearish momentum. The cloud is flat, indicating potential consolidation.
Stochastic RSI: 89.44, indicating the asset is nearing overbought territory. This suggests a pullback might be possible after the recent spike.
MACD:
MACD Line: -0.00000325
Signal Line: -0.00000791
The MACD is in a bearish zone, but showing signs of convergence, signaling a potential upward momentum shift.
ADX Value: 29.06 - This indicates that the current trend is moderately strong, though not overly so. The asset may not yet be in a strong trend phase.
BoP Value: 0.53 - Slight bullish sentiment, showing buyers have more control at the moment, but this is not a significant divergence.
CMF Value: -0.05 - Slightly negative, indicating that there is still outflow of capital from the market, showing no strong conviction from buyers yet.
Summary:
Current Trend: Short-term bullish with a potential move into overbought territory. Consolidation around current levels, with price nearing resistance from moving averages and Bollinger Bands.
Outlook: Price is trying to recover but needs to break key resistance levels to confirm a bullish trend reversal. Market participants should be cautious of a potential pullback as indicators show mixed signals between bullish momentum and consolidation.
$BTC has the upper hand at 57.02%.
Happy Trading!!!😇
$FLOKI
#BinanceSquareFamily #FLOKI? #bitcoin☀️ #CryptoMarketMoves #MemeWatch2024
$AR
1D Analysis (Volume-Based Indicators):
Price Trend: Consolidation after a drop. Recent +8.81% move hints at short-term upside, but price needs to break $27.57 resistance to confirm reversal.
Current Volume SMA (5): 16.466M.
Note: Volume is moderate, but not sustained. Needs to increase for confirmation of bullish continuation.
CVD:
Positive CVD: -6.314M.
Negative CVD: -7.385M.
Note: Selling pressure still outweighs buying pressure. Short-term buying isn't strong enough yet.
Funding Rate: Slightly negative. Bears are paying the bulls, indicating lingering bearish sentiment.
Open Interest: Steady, slightly increasing. Traders are positioning for a possible breakout.
Spot Volume: 1.051M.
Note: Low spot volume signals weak momentum. Market is waiting for direction.
Taker Buy/Sell Volume:
Buy: 385,193.92Sell: 338,154.68
Note: Buyers slightly more aggressive, providing short-term price support.
Sentiment: Mixed. Cautiously bullish for a short-term run, but resistance and volume need to improve.
Watch out for $BTC movement though. as this is the major factor.
Happy Trading!!!
#BinanceSquareFamily #Arweave #technicalanalyst #bitcoin☀️ #technical_analysis
1D Analysis (Volume-Based Indicators):
Price Trend: Consolidation after a drop. Recent +8.81% move hints at short-term upside, but price needs to break $27.57 resistance to confirm reversal.
Current Volume SMA (5): 16.466M.
Note: Volume is moderate, but not sustained. Needs to increase for confirmation of bullish continuation.
CVD:
Positive CVD: -6.314M.
Negative CVD: -7.385M.
Note: Selling pressure still outweighs buying pressure. Short-term buying isn't strong enough yet.
Funding Rate: Slightly negative. Bears are paying the bulls, indicating lingering bearish sentiment.
Open Interest: Steady, slightly increasing. Traders are positioning for a possible breakout.
Spot Volume: 1.051M.
Note: Low spot volume signals weak momentum. Market is waiting for direction.
Taker Buy/Sell Volume:
Buy: 385,193.92Sell: 338,154.68
Note: Buyers slightly more aggressive, providing short-term price support.
Sentiment: Mixed. Cautiously bullish for a short-term run, but resistance and volume need to improve.
Watch out for $BTC movement though. as this is the major factor.
Happy Trading!!!
#BinanceSquareFamily #Arweave #technicalanalyst #bitcoin☀️ #technical_analysis
$BTC Liquidation Map by Leverage (Binance BTC/USDT)
Leverage Distribution:
100x Leverage:
Price Range: 59,000 - 60,000 USDT
Liquidation Volume: Peaks at ~11M USDT.
50x Leverage:
Price Range: 59,000 - 61,000 USDT
Liquidation Volume: Peaks at ~8M USDT.
25x Leverage:
Price Range: 58,000 - 62,000 USDT
Liquidation Volume: Peaks at ~6M USDT.
10x Leverage:
Price Range: 58,000 - 64,000 USDT
Liquidation Volume: Peaks at ~4M USDT.
Cumulative Liquidation:
Support Side:
Volume: Rises sharply below 59,395 USDT, with a significant increase between 55,000 - 58,000 USDT.
Max Liquidation Volume: ~14.32M USDT at 58,000 USDT.
Resistance Side:
Volume: Increases steadily above 59,395 USDT, peaking between 61,000 - 64,000 USDT.
Max Liquidation Volume: ~837.25M USDT at 63,000 USDT.
Summary of Critical Price Levels:
Support:
Key Level: ~58,000 USDTMax
Liquidation Volume: ~14.32M USDT
Resistance:
Key Level: ~63,000 USDT
Max Liquidation Volume: ~837.25M USDT
Leverage Sensitivity:
High-Risk Zones: ~59,000 - 61,000 USDT with substantial liquidation volumes in high leverage positions.
Resistance Build-Up: Above 59,395 USDT, cumulative liquidation volume indicates strong resistance potential.
Happy Trading!!!😇
#BinanceSquareFamily #bitcoin☀️ #LiquidationHeatmap #technical_analysis #technicalanalyst
Leverage Distribution:
100x Leverage:
Price Range: 59,000 - 60,000 USDT
Liquidation Volume: Peaks at ~11M USDT.
50x Leverage:
Price Range: 59,000 - 61,000 USDT
Liquidation Volume: Peaks at ~8M USDT.
25x Leverage:
Price Range: 58,000 - 62,000 USDT
Liquidation Volume: Peaks at ~6M USDT.
10x Leverage:
Price Range: 58,000 - 64,000 USDT
Liquidation Volume: Peaks at ~4M USDT.
Cumulative Liquidation:
Support Side:
Volume: Rises sharply below 59,395 USDT, with a significant increase between 55,000 - 58,000 USDT.
Max Liquidation Volume: ~14.32M USDT at 58,000 USDT.
Resistance Side:
Volume: Increases steadily above 59,395 USDT, peaking between 61,000 - 64,000 USDT.
Max Liquidation Volume: ~837.25M USDT at 63,000 USDT.
Summary of Critical Price Levels:
Support:
Key Level: ~58,000 USDTMax
Liquidation Volume: ~14.32M USDT
Resistance:
Key Level: ~63,000 USDT
Max Liquidation Volume: ~837.25M USDT
Leverage Sensitivity:
High-Risk Zones: ~59,000 - 61,000 USDT with substantial liquidation volumes in high leverage positions.
Resistance Build-Up: Above 59,395 USDT, cumulative liquidation volume indicates strong resistance potential.
Happy Trading!!!😇
#BinanceSquareFamily #bitcoin☀️ #LiquidationHeatmap #technical_analysis #technicalanalyst
$BTC Liquidation Heatmap:
Peak Liquidation Volume:
The heatmap scale on avg (high point). maxes out at 33.31M USDT.
Significant Liquidation Zones:
Around 61,000 USDT:
This zone shows significant liquidation activity with bright yellow areas indicating high volumes. The liquidation volume here is near the top end of the scale, suggesting it's close to the 33.31M USDT mark.
Around 60,000 USDT:Another cluster of high liquidations, though slightly lower than at 61,000 USDT. The color is transitioning between yellow and green, indicating volumes around the 20M-30M USDT range.
59,000 USDT and Below:
The activity starts decreasing in volume. The heatmap transitions to blue and purple as the price drops below 59,000 USDT. The liquidation volume here is in the range of 5M-10M USDT or lower.
Volumes Between Levels:
59,000 USDT - 61,000 USDT:
Moderate liquidation activity is indicated by green and light blue, suggesting volumes in the 10M-20M USDT range.
Above 62,000 USDT:
There’s a brief spike in liquidations again, likely reaching around 20M-25M USDT, based on the bright green and yellow shades.
Happy Trading!!!😇
#BinanceSquareFamily #bitcoin☀️ #LiquidationHeatmap #technicalanalyst #technical_analysis
Peak Liquidation Volume:
The heatmap scale on avg (high point). maxes out at 33.31M USDT.
Significant Liquidation Zones:
Around 61,000 USDT:
This zone shows significant liquidation activity with bright yellow areas indicating high volumes. The liquidation volume here is near the top end of the scale, suggesting it's close to the 33.31M USDT mark.
Around 60,000 USDT:Another cluster of high liquidations, though slightly lower than at 61,000 USDT. The color is transitioning between yellow and green, indicating volumes around the 20M-30M USDT range.
59,000 USDT and Below:
The activity starts decreasing in volume. The heatmap transitions to blue and purple as the price drops below 59,000 USDT. The liquidation volume here is in the range of 5M-10M USDT or lower.
Volumes Between Levels:
59,000 USDT - 61,000 USDT:
Moderate liquidation activity is indicated by green and light blue, suggesting volumes in the 10M-20M USDT range.
Above 62,000 USDT:
There’s a brief spike in liquidations again, likely reaching around 20M-25M USDT, based on the bright green and yellow shades.
Happy Trading!!!😇
#BinanceSquareFamily #bitcoin☀️ #LiquidationHeatmap #technicalanalyst #technical_analysis
$RUNE
Exchange Liquidation Map Observations (7D):
1.Cumulative Short Liquidation (Green Line):
Gradually increases as the price moves from $3.51 to $4.50.
The sharp rise indicates higher short liquidations as the price increases, especially above $4.00.
2.Cumulative Long Liquidation (Red Line):
Decreases sharply as the price goes up.
The highest long liquidation pressure appears between $3.51 and $3.75.
3.Price Levels with Significant Liquidation Activity:
$3.51 to $3.60: High long liquidation activity, as seen by the tall orange bars (particularly on Binance).
$3.75 to $3.95: This zone has a mix of both long and short liquidations. The activity tapers off slightly after $3.95.
$4.00 and above: Increased short liquidation pressure. Long liquidations are minimal, but short liquidations become more prominent as the price rises, indicating a potential short squeeze if the price continues upward.
Highest Long Liquidation Pressure: Around $3.51 - $3.60.
Highest Short Liquidation Pressure: Around $4.00 and above.
Happy Trading!!!!😇
#HODLHODL #BinanceSquareFamily #technicalanalyst #technical_analysis
Exchange Liquidation Map Observations (7D):
1.Cumulative Short Liquidation (Green Line):
Gradually increases as the price moves from $3.51 to $4.50.
The sharp rise indicates higher short liquidations as the price increases, especially above $4.00.
2.Cumulative Long Liquidation (Red Line):
Decreases sharply as the price goes up.
The highest long liquidation pressure appears between $3.51 and $3.75.
3.Price Levels with Significant Liquidation Activity:
$3.51 to $3.60: High long liquidation activity, as seen by the tall orange bars (particularly on Binance).
$3.75 to $3.95: This zone has a mix of both long and short liquidations. The activity tapers off slightly after $3.95.
$4.00 and above: Increased short liquidation pressure. Long liquidations are minimal, but short liquidations become more prominent as the price rises, indicating a potential short squeeze if the price continues upward.
Highest Long Liquidation Pressure: Around $3.51 - $3.60.
Highest Short Liquidation Pressure: Around $4.00 and above.
Happy Trading!!!!😇
#HODLHODL #BinanceSquareFamily #technicalanalyst #technical_analysis
$RUNE [1D Chart Analysis]
MA 7: $3.563 (STR)
MA 25: $3.784 (MTR)
MA 99: $4.714 (LTR)
Interpretation: The price is near key moving averages. A break above MA 25 ($3.784) could signal the beginning of a bullish reversal.
Bollinger Bands:
Interpretation: The price is near the middle band, indicating consolidation. A move towards the upper band ($4.569) would signal increasing bullish momentum.
Ichimoku Cloud:
Price below cloud - Bearish trend.
Interpretation: The price needs to break above the cloud for a trend reversal. Until then, the overall sentiment remains bearish.
Stochastic RSI:
K = 97.82, D = 96.87 - Overbought.
Interpretation: Being in the overbought region suggests a potential pullback or consolidation before any further upside.
MACD Line: 0.080
Signal Line: -0.124
Interpretation: The weak bearish crossover suggests that momentum is still slightly negative but not strongly so. Watch for a bullish crossover to confirm trend change.
ADX Value: 23.79 - No strong trend.
Interpretation: The ADX shows a weak trend, meaning the market is consolidating, and a breakout in either direction could happen soon.
BoP Value: 0.72 - Slight bullish control.
Interpretation: Buyers are in slight control of the market, suggesting some potential for upward movement if this buying pressure persists.
CMF Value: -0.07 - Minor capital outflow.
Interpretation: Capital is slightly leaving the market, which could limit immediate upside potential. However, the outflow is minor, so it doesn’t suggest strong selling pressure.
Summary:
Trend: Weak bearish trend overall, but with early signs of potential reversal if price breaks above $3.784 (MA 25) and sustains the upward momentum.
Uptrend Likelihood: Moderate. Indicators suggest that while consolidation is ongoing, a breakout could occur if bullish pressure sustains above key resistance levels.
$BTC is dominant right now, so imagine when it's not 😎.
Happy Trading!!!
#BinanceSquareFamily #bitcoin☀️ #technicalanalyst #technical_analysis #THORChain
MA 7: $3.563 (STR)
MA 25: $3.784 (MTR)
MA 99: $4.714 (LTR)
Interpretation: The price is near key moving averages. A break above MA 25 ($3.784) could signal the beginning of a bullish reversal.
Bollinger Bands:
Interpretation: The price is near the middle band, indicating consolidation. A move towards the upper band ($4.569) would signal increasing bullish momentum.
Ichimoku Cloud:
Price below cloud - Bearish trend.
Interpretation: The price needs to break above the cloud for a trend reversal. Until then, the overall sentiment remains bearish.
Stochastic RSI:
K = 97.82, D = 96.87 - Overbought.
Interpretation: Being in the overbought region suggests a potential pullback or consolidation before any further upside.
MACD Line: 0.080
Signal Line: -0.124
Interpretation: The weak bearish crossover suggests that momentum is still slightly negative but not strongly so. Watch for a bullish crossover to confirm trend change.
ADX Value: 23.79 - No strong trend.
Interpretation: The ADX shows a weak trend, meaning the market is consolidating, and a breakout in either direction could happen soon.
BoP Value: 0.72 - Slight bullish control.
Interpretation: Buyers are in slight control of the market, suggesting some potential for upward movement if this buying pressure persists.
CMF Value: -0.07 - Minor capital outflow.
Interpretation: Capital is slightly leaving the market, which could limit immediate upside potential. However, the outflow is minor, so it doesn’t suggest strong selling pressure.
Summary:
Trend: Weak bearish trend overall, but with early signs of potential reversal if price breaks above $3.784 (MA 25) and sustains the upward momentum.
Uptrend Likelihood: Moderate. Indicators suggest that while consolidation is ongoing, a breakout could occur if bullish pressure sustains above key resistance levels.
$BTC is dominant right now, so imagine when it's not 😎.
Happy Trading!!!
#BinanceSquareFamily #bitcoin☀️ #technicalanalyst #technical_analysis #THORChain
Hey everyone!!!
I've been seeing people talking about voting lately, and I’m a bit out of the loop. I usually just stick to technical analysis and important announcements on Binance, so I haven’t really kept up with everything else. Can someone fill me in on what this voting thing is all about? Thanks!"
And yes, one more thing
I was right about $RUNE ,right? 😊
$BTC
Happy Trading!!!
#BinanceSquareFamily #technical_analysis #technicalanalyst #runecoin #bitcoin☀️
I've been seeing people talking about voting lately, and I’m a bit out of the loop. I usually just stick to technical analysis and important announcements on Binance, so I haven’t really kept up with everything else. Can someone fill me in on what this voting thing is all about? Thanks!"
And yes, one more thing
I was right about $RUNE ,right? 😊
$BTC
Happy Trading!!!
#BinanceSquareFamily #technical_analysis #technicalanalyst #runecoin #bitcoin☀️
$BTC Liquidation Map by Leverage (Binance BTC/USDT)
Leverage Distribution:
100x Leverage:
Price Range: 56,000 - 58,000 USDT
Liquidation Volume: Peaks at ~12M USDT.
50x Leverage:
Price Range: 56,000 - 58,000 USDT
Liquidation Volume: Peaks at ~9M USDT.
25x Leverage:
Price Range: 55,000 - 60,000 USDT
Liquidation Volume: Peaks at ~6M USDT.
10x Leverage:
Price Range: 51,574 - 63,677 USDT
Liquidation Volume: Peaks at ~6M USDT.
Cumulative Liquidation:
Support Side:
Volume: Rises sharply below 57,448 USDT, with a significant increase between 51,574 - 55,032 USDT.
Max Liquidation Volume: ~15M USDT at 54,000 USDT.
Resistance Side:
Volume: Increases steadily above 57,448 USDT, peaking between 60,219 - 63,677 USDT.
Max Liquidation Volume: ~750M USDT at 63,000 USDT.
Summary of Key Data Points:
Critical Price Levels:
Support:
Key Level: ~56,000 USDT
Max Liquidation Volume: ~15M USDT
Resistance:
Key Level: ~60,000 USDT
Max Liquidation Volume: ~750M USDT
Leverage Sensitivity:
High-Risk Zones: ~56,000 - 58,000 USDT with substantial liquidation volumes in high leverage positions.
Resistance Build-Up: Above 57,448 USDT, cumulative liquidation volume indicates strong resistance potential.
#BinanceSquareFamily #bitcoin☀️ #technicalanalyst #technical_analysis
Leverage Distribution:
100x Leverage:
Price Range: 56,000 - 58,000 USDT
Liquidation Volume: Peaks at ~12M USDT.
50x Leverage:
Price Range: 56,000 - 58,000 USDT
Liquidation Volume: Peaks at ~9M USDT.
25x Leverage:
Price Range: 55,000 - 60,000 USDT
Liquidation Volume: Peaks at ~6M USDT.
10x Leverage:
Price Range: 51,574 - 63,677 USDT
Liquidation Volume: Peaks at ~6M USDT.
Cumulative Liquidation:
Support Side:
Volume: Rises sharply below 57,448 USDT, with a significant increase between 51,574 - 55,032 USDT.
Max Liquidation Volume: ~15M USDT at 54,000 USDT.
Resistance Side:
Volume: Increases steadily above 57,448 USDT, peaking between 60,219 - 63,677 USDT.
Max Liquidation Volume: ~750M USDT at 63,000 USDT.
Summary of Key Data Points:
Critical Price Levels:
Support:
Key Level: ~56,000 USDT
Max Liquidation Volume: ~15M USDT
Resistance:
Key Level: ~60,000 USDT
Max Liquidation Volume: ~750M USDT
Leverage Sensitivity:
High-Risk Zones: ~56,000 - 58,000 USDT with substantial liquidation volumes in high leverage positions.
Resistance Build-Up: Above 57,448 USDT, cumulative liquidation volume indicates strong resistance potential.
#BinanceSquareFamily #bitcoin☀️ #technicalanalyst #technical_analysis
$BTC Liquidation Heatmap
Key Levels of Liquidation Intensity:
56,000 - 58,000 USDT: High liquidation intensity (green/yellow zones).
60,000 USDT: Another significant liquidation zone.
Trend: Gradual liquidation clustering towards lower price levels (~56,000 USDT).
Observation:
Liquidation Density:
High between 56,000 - 58,000 USDT (indicates heavy liquidation activity).
Moderate between 58,000 - 60,000 USDT (suggests some resistance).
Light above 60,000 USDT (indicates lower activity but potential resistance).
#BinanceSquareFamily #bitcoin☀️ #LiquidationHeatmap #technicalanalyst #technical_analysis
Key Levels of Liquidation Intensity:
56,000 - 58,000 USDT: High liquidation intensity (green/yellow zones).
60,000 USDT: Another significant liquidation zone.
Trend: Gradual liquidation clustering towards lower price levels (~56,000 USDT).
Observation:
Liquidation Density:
High between 56,000 - 58,000 USDT (indicates heavy liquidation activity).
Moderate between 58,000 - 60,000 USDT (suggests some resistance).
Light above 60,000 USDT (indicates lower activity but potential resistance).
#BinanceSquareFamily #bitcoin☀️ #LiquidationHeatmap #technicalanalyst #technical_analysis
$SOL
Oscillators and Volume-Based Indicators
MAs:
MA 7: $147.42
MA 25: $160.00
MA 99: $195.19
Ichimoku Cloud: The price is slightly below the Ichimoku cloud, indicating a bearish trend.
Bollinger Bands: The price is at the lower band, suggesting that SOL might be oversold, and a reversal could be possible.
Stochastic RSI: The Stoch RSI is at 52.43, indicating a neutral condition but tilting towards the overbought region.
MACD: The MACD line is below the signal line, and both are in negative territory, indicating bearish momentum.
ADX: is at 24.76, suggesting a weak trend. It indicates that the market may be in consolidation.
BoP: is at -0.24, showing that bears are currently in control.
Volume-Based Indicators and Market Sentiment
1. VPVR: Volume Profile shows a significant amount of trading activity around the $140-$150 range. This could act as a support level, but a break below it could trigger a larger sell-off.
2. CVD shows a consistent decline, indicating that selling pressure has been stronger than buying pressure recently. The delta is significantly negative, suggesting bearish sentiment.
3. Open Interest and Funding Rates:
Open Interest: There’s a decrease in open interest, indicating that traders are closing their positions, which might lead to reduced volatility.
Funding Rates: Slightly negative, which may indicate that shorts are willing to pay to keep their positions open.
4. Liquidity Delta is negative, showing that more sell orders are being executed than buy orders, aligning with the bearish sentiment seen across other indicators.
Bearish Scenario: If SOL breaks below the $140 support level, we could see a move towards the $122.60 support level. The negative CVD and declining open interest support this scenario.
Bullish Reversal Potential: However, if SOL manages to hold above $140 and gets a bullish catalyst, the price could bounce back to test the 25-day MA at $147.12 or the upper Bollinger band at around $188.76.
$SOL
$BTC
#BinanceSquareFamily #SolanaUSTD #TechnicalAnalysis
Oscillators and Volume-Based Indicators
MAs:
MA 7: $147.42
MA 25: $160.00
MA 99: $195.19
Ichimoku Cloud: The price is slightly below the Ichimoku cloud, indicating a bearish trend.
Bollinger Bands: The price is at the lower band, suggesting that SOL might be oversold, and a reversal could be possible.
Stochastic RSI: The Stoch RSI is at 52.43, indicating a neutral condition but tilting towards the overbought region.
MACD: The MACD line is below the signal line, and both are in negative territory, indicating bearish momentum.
ADX: is at 24.76, suggesting a weak trend. It indicates that the market may be in consolidation.
BoP: is at -0.24, showing that bears are currently in control.
Volume-Based Indicators and Market Sentiment
1. VPVR: Volume Profile shows a significant amount of trading activity around the $140-$150 range. This could act as a support level, but a break below it could trigger a larger sell-off.
2. CVD shows a consistent decline, indicating that selling pressure has been stronger than buying pressure recently. The delta is significantly negative, suggesting bearish sentiment.
3. Open Interest and Funding Rates:
Open Interest: There’s a decrease in open interest, indicating that traders are closing their positions, which might lead to reduced volatility.
Funding Rates: Slightly negative, which may indicate that shorts are willing to pay to keep their positions open.
4. Liquidity Delta is negative, showing that more sell orders are being executed than buy orders, aligning with the bearish sentiment seen across other indicators.
Bearish Scenario: If SOL breaks below the $140 support level, we could see a move towards the $122.60 support level. The negative CVD and declining open interest support this scenario.
Bullish Reversal Potential: However, if SOL manages to hold above $140 and gets a bullish catalyst, the price could bounce back to test the 25-day MA at $147.12 or the upper Bollinger band at around $188.76.
$SOL
$BTC
#BinanceSquareFamily #SolanaUSTD #TechnicalAnalysis
$RUNE
1D Analysis:
Price Trend: The price is currently in a downtrend, but the recent +6.34% move might indicate a potential short-term reversal or relief rally.
Current Volume SMA (5): 14.855M.
Volume Analysis: The volume has been consistently low, suggesting a lack of strong participation. The 5-period SMA reflects this lower activity, which could mean that the market is consolidating.
CVD Values:
Positive CVD: +87.41M
Negative CVD: -80.655M
Trend: The negative CVD of -80.655M suggests that there is more selling pressure than buying pressure, which aligns with the recent bearish sentiment.
Funding Rates (Weighted):
Current Funding Rate: 0.0081.
Implication: The slightly positive funding rate indicates that long positions are paying to keep their positions open, which suggests some underlying bullish sentiment, but it's not overwhelming.
Current Open Interest: 3.236M.
Trend: The open interest is relatively stable but slightly increasing, indicating that traders are still engaged and possibly expecting a larger move.
Aggregated Spot Volume (Current): 5.968M.
Analysis: Low spot volume suggests weak buying or selling interest, often seen in a consolidating market.
Top Trader Long/Short Ratio: 1.3530.
Implication: This ratio indicates more traders are holding long positions compared to shorts, suggesting some optimism despite the broader bearish trend.
Aggregated Open Interest: The slight increase in open interest might suggest that traders are preparing for a potential price movement.
Taker Buy/Sell Volume (Current):
Buy: 2406288.000
Sell: 207407.000
Taker Volume Analysis: The higher taker buy volume compared to sell volume could indicate that buyers are more aggressive, which might provide support to the current price.
Sentiment: Still mixed, but I'm more on the bullish side for RUNE in this run.
Watch out for $BTC rate and dominance.
#BinanceSquareFamily #technicalanalyst #THORChain #technical_analysis
1D Analysis:
Price Trend: The price is currently in a downtrend, but the recent +6.34% move might indicate a potential short-term reversal or relief rally.
Current Volume SMA (5): 14.855M.
Volume Analysis: The volume has been consistently low, suggesting a lack of strong participation. The 5-period SMA reflects this lower activity, which could mean that the market is consolidating.
CVD Values:
Positive CVD: +87.41M
Negative CVD: -80.655M
Trend: The negative CVD of -80.655M suggests that there is more selling pressure than buying pressure, which aligns with the recent bearish sentiment.
Funding Rates (Weighted):
Current Funding Rate: 0.0081.
Implication: The slightly positive funding rate indicates that long positions are paying to keep their positions open, which suggests some underlying bullish sentiment, but it's not overwhelming.
Current Open Interest: 3.236M.
Trend: The open interest is relatively stable but slightly increasing, indicating that traders are still engaged and possibly expecting a larger move.
Aggregated Spot Volume (Current): 5.968M.
Analysis: Low spot volume suggests weak buying or selling interest, often seen in a consolidating market.
Top Trader Long/Short Ratio: 1.3530.
Implication: This ratio indicates more traders are holding long positions compared to shorts, suggesting some optimism despite the broader bearish trend.
Aggregated Open Interest: The slight increase in open interest might suggest that traders are preparing for a potential price movement.
Taker Buy/Sell Volume (Current):
Buy: 2406288.000
Sell: 207407.000
Taker Volume Analysis: The higher taker buy volume compared to sell volume could indicate that buyers are more aggressive, which might provide support to the current price.
Sentiment: Still mixed, but I'm more on the bullish side for RUNE in this run.
Watch out for $BTC rate and dominance.
#BinanceSquareFamily #technicalanalyst #THORChain #technical_analysis
$SHIB
MA 7:0.00001364
The price is below the MA 7, signaling short-term bearishness.
MA 25:0.00001630
The price is well below the MA 25, showing sustained downward momentum.
MA 99:0.00002009
The price is significantly below the MA 99, indicating a strong long-term bearish trend.
Ichimoku Cloud: The price is trading below the cloud, confirming a bearish outlook. The cloud is also thick, suggesting strong resistance above.
Future Cloud: The future cloud shows potential resistance, further confirming a bearish trend.
Bollinger Bands
Upp. Band: $0.00001914
Mid. Band: $0.00001576
Low. Band: $0.00001238
The price is near the lower BB, indicating potential oversold conditions, but the overall trend remains bearish.
S RSI:
K: 18.10
D: 8.62
The SRSI is in the oversold territory, suggesting a possible reversal or consolidation in the short term.
MACD: The histogram is negative, showing bearish momentum. However, the MACD line is slightly above the signal line, indicating the potential for a bullish crossover.
ADX: 35.09
A reading above 25 indicates a strong trend, in this case, a strong bearish trend.
BOP: 0.62
A positive BOP suggests that buyers have some control, but the overall trend and other indicators are bearish.
CMF: 0.00
The neutral reading of CMF suggests there is no significant buying or selling pressure at the moment.
Summary
Trend: Strong bearish trend with potential short-term oversold conditions.
Support Levels:
Immediate support at $0.00001238 (lower BB).
Resistance Levels:
Immediate resistance at $0.00001370 (current price level and near-term resistance).
Further resistance at $0.00001548 (Ichimoku Base Line) and $0.00001914 (Upper BB).
Outlook: The price action suggests a continued bearish trend with possible short-term consolidation or minor recovery due to oversold indicators. However, significant resistance levels above indicate that any upside may be limited without strong buying pressure.
All that will get bullish trigger if $BTC shows its bull flag.
#BinanceSquareFamily #shiba⚡ #technical_analysis #technicalanalyst
MA 7:0.00001364
The price is below the MA 7, signaling short-term bearishness.
MA 25:0.00001630
The price is well below the MA 25, showing sustained downward momentum.
MA 99:0.00002009
The price is significantly below the MA 99, indicating a strong long-term bearish trend.
Ichimoku Cloud: The price is trading below the cloud, confirming a bearish outlook. The cloud is also thick, suggesting strong resistance above.
Future Cloud: The future cloud shows potential resistance, further confirming a bearish trend.
Bollinger Bands
Upp. Band: $0.00001914
Mid. Band: $0.00001576
Low. Band: $0.00001238
The price is near the lower BB, indicating potential oversold conditions, but the overall trend remains bearish.
S RSI:
K: 18.10
D: 8.62
The SRSI is in the oversold territory, suggesting a possible reversal or consolidation in the short term.
MACD: The histogram is negative, showing bearish momentum. However, the MACD line is slightly above the signal line, indicating the potential for a bullish crossover.
ADX: 35.09
A reading above 25 indicates a strong trend, in this case, a strong bearish trend.
BOP: 0.62
A positive BOP suggests that buyers have some control, but the overall trend and other indicators are bearish.
CMF: 0.00
The neutral reading of CMF suggests there is no significant buying or selling pressure at the moment.
Summary
Trend: Strong bearish trend with potential short-term oversold conditions.
Support Levels:
Immediate support at $0.00001238 (lower BB).
Resistance Levels:
Immediate resistance at $0.00001370 (current price level and near-term resistance).
Further resistance at $0.00001548 (Ichimoku Base Line) and $0.00001914 (Upper BB).
Outlook: The price action suggests a continued bearish trend with possible short-term consolidation or minor recovery due to oversold indicators. However, significant resistance levels above indicate that any upside may be limited without strong buying pressure.
All that will get bullish trigger if $BTC shows its bull flag.
#BinanceSquareFamily #shiba⚡ #technical_analysis #technicalanalyst
$DOGE
MA 7 (0.10174): The 7-day moving average is slightly below the current price, indicating short-term resistance.
MA 25 (0.12060): The 25-day moving average is well above the current price, indicating that the asset is in a bearish phase over the medium term.
MA 99 (0.13492): The 99-day moving average is far above the current price, confirming a longer-term bearish trend.
Support: The most recent low is around 0.09073 USDT.
Resistance: The immediate resistance appears to be around 0.11212 USDT.
Bollinger Bands: The price is currently near the lower band, which often indicates that the asset is oversold. However, the bands are wide, suggesting high volatility.
Ichimoku Cloud: The price is below both the Kijun-sen and Tenkan-sen lines, confirming a bearish trend. The price is well below the cloud, which is a strong bearish signal.
Stoch RSI: The Stochastic RSI is at 8.10, which is in the oversold territory (<20), suggesting that a potential rebound, or relief rally might be imminent.
MACD Line (-0.00306) and Signal Line (-0.00678): The MACD line is above the signal line, suggesting a potential bullish crossover. However, both lines are below zero, indicating the market is still in a bearish phase.
ADX Level (26.78):
An ADX above 25 indicates a moderately strong trend. In this context, the trend is likely bearish given the overall analysis, meaning that the downward momentum is relatively strong.
BoP : 0.59
CMF (-0.08): The negative value indicates that money is flowing out of the asset, suggesting selling pressure.
Overall Trend: The overall trend is bearish, with the price below key moving averages and the Ichimoku cloud. However, there is some indication of potential short-term oversold conditions, which could lead to a minor rebound.
Volatility: High, as indicated by the wide Bollinger Bands.
Watch out for $BTC though bcz it can change the tides.
#techincalAnalysis #technicalanalyst #BinanceSquareFamily #DogecoinCommunity
MA 7 (0.10174): The 7-day moving average is slightly below the current price, indicating short-term resistance.
MA 25 (0.12060): The 25-day moving average is well above the current price, indicating that the asset is in a bearish phase over the medium term.
MA 99 (0.13492): The 99-day moving average is far above the current price, confirming a longer-term bearish trend.
Support: The most recent low is around 0.09073 USDT.
Resistance: The immediate resistance appears to be around 0.11212 USDT.
Bollinger Bands: The price is currently near the lower band, which often indicates that the asset is oversold. However, the bands are wide, suggesting high volatility.
Ichimoku Cloud: The price is below both the Kijun-sen and Tenkan-sen lines, confirming a bearish trend. The price is well below the cloud, which is a strong bearish signal.
Stoch RSI: The Stochastic RSI is at 8.10, which is in the oversold territory (<20), suggesting that a potential rebound, or relief rally might be imminent.
MACD Line (-0.00306) and Signal Line (-0.00678): The MACD line is above the signal line, suggesting a potential bullish crossover. However, both lines are below zero, indicating the market is still in a bearish phase.
ADX Level (26.78):
An ADX above 25 indicates a moderately strong trend. In this context, the trend is likely bearish given the overall analysis, meaning that the downward momentum is relatively strong.
BoP : 0.59
CMF (-0.08): The negative value indicates that money is flowing out of the asset, suggesting selling pressure.
Overall Trend: The overall trend is bearish, with the price below key moving averages and the Ichimoku cloud. However, there is some indication of potential short-term oversold conditions, which could lead to a minor rebound.
Volatility: High, as indicated by the wide Bollinger Bands.
Watch out for $BTC though bcz it can change the tides.
#techincalAnalysis #technicalanalyst #BinanceSquareFamily #DogecoinCommunity
$LINK
Moving Averages:
MA 7 is below MA 25 and MA 99 — Bearish trend.
Ichimoku Cloud:
Price below the Kijun-sen and cloud — indicates Bearish momentum.
Bollinger Bands:
Price near the lower band— Oversold condition, potential for a short-term bounce.
Stochastic RSI:
K: 26.01, D: 16.04
— Oversold; watch for a reversal signal.
MACD:
MACD line: -0.35, Signal line: -0.65 — Bearish momentum.
ADX: 33.27 — Strong trend, currently Bearish.
Balance of Power (BoP):
0.70 — Slight bullish presence, but overall trend remains Bearish.
CMF: -0.10 — Minor capital outflow, Bearish bias.
Conclusion:
Bearish Trend: The overall sentiment is bearish with the price below key moving averages and the Ichimoku cloud.
Oversold Signals: Indicators like the Stochastic RSI and Bollinger Bands suggest the asset is oversold, which might lead to a short-term bounce, but the trend remains down unless it breaks above key resistance levels.
Good coin to invest that's all I can say and will.
As it will run with the cycle so I'm bullish for the long haul.
Watch out for $BTC dominance.
Happy Trading!!!
#BinanceSquareFamily #LINK🔥🔥🔥 #technicalanalyst #technical_analysis
Moving Averages:
MA 7 is below MA 25 and MA 99 — Bearish trend.
Ichimoku Cloud:
Price below the Kijun-sen and cloud — indicates Bearish momentum.
Bollinger Bands:
Price near the lower band— Oversold condition, potential for a short-term bounce.
Stochastic RSI:
K: 26.01, D: 16.04
— Oversold; watch for a reversal signal.
MACD:
MACD line: -0.35, Signal line: -0.65 — Bearish momentum.
ADX: 33.27 — Strong trend, currently Bearish.
Balance of Power (BoP):
0.70 — Slight bullish presence, but overall trend remains Bearish.
CMF: -0.10 — Minor capital outflow, Bearish bias.
Conclusion:
Bearish Trend: The overall sentiment is bearish with the price below key moving averages and the Ichimoku cloud.
Oversold Signals: Indicators like the Stochastic RSI and Bollinger Bands suggest the asset is oversold, which might lead to a short-term bounce, but the trend remains down unless it breaks above key resistance levels.
Good coin to invest that's all I can say and will.
As it will run with the cycle so I'm bullish for the long haul.
Watch out for $BTC dominance.
Happy Trading!!!
#BinanceSquareFamily #LINK🔥🔥🔥 #technicalanalyst #technical_analysis
$ICP (1D) Analysis:
Moving Averages:
MA 7: 7.992
MA 25: 9.169
MA 99: 10.176
Bollinger Bands:
Upper Band: 11.156
Lower Band: 5.097
Stochastic RSI:
Current Value: %K 14.43, %D 3.45
MACD Line: -0.276
Signal Line: -0.362
ADX Value: 22.45
BoP Value: 0.70 (indicating buyers are in control)
CMF Value: -0.08
Detailed Analysis:
Current Price and Moving Averages:
The current price is around 7.644, which is below the short-term MA 7 (7.992), indicating a potential short-term bearish trend.
The price is also below the MA 25 (9.169) and MA 99 (10.176), suggesting overall bearish momentum.
Ichimoku Cloud Analysis:
The price is below the Ichimoku cloud, indicating a bearish trend.
Bollinger Bands:
The current price is closer to the lower band (5.097), indicating that the asset is potentially oversold.
The middle band (20-period SMA) is around 8.399, which aligns with the resistance from the Ichimoku cloud.
Stochastic RSI:
The Stochastic RSI indicates an oversold condition (K 14.43, D 3.45), suggesting a potential upward correction.
The MACD line is below the signal line, supporting the bearish outlook. However, the negative values indicate potential for a bullish crossover if momentum shifts.
Key Resistance and Support Zones:
Immediate Support Zones:
7.235 ,6.2920,6.1617,5.8760
Immediate Resistance Zones:
7.992 ,8.318 ,8.399 ,8.6295
Higher Resistance Levels:
9.169 ,9.862 ,10.176 ,11.986
Higher Support Levels:
7.783 ,7.203
Conclusion:
ICP/USD shows a bearish trend with several resistance levels to watch closely. Key support levels at 7.235 and 6.2920 could provide a floor, while significant resistance at 8.399 and 9.862 may cap upward movements. The Stochastic RSI suggests a potential for a rebound, but overall, bearish signals dominate until the price breaks above critical resistance levels.
For precise trading, monitor these zones and indicators closely for any shifts in momentum or trend changes.
I'm bullish on ICP for the long run.
Watch out for $BTC Dominance.
#BinanceSquareFamily #ICPCoin #InternetComputer #technicalanalyst #technical_analysis
Moving Averages:
MA 7: 7.992
MA 25: 9.169
MA 99: 10.176
Bollinger Bands:
Upper Band: 11.156
Lower Band: 5.097
Stochastic RSI:
Current Value: %K 14.43, %D 3.45
MACD Line: -0.276
Signal Line: -0.362
ADX Value: 22.45
BoP Value: 0.70 (indicating buyers are in control)
CMF Value: -0.08
Detailed Analysis:
Current Price and Moving Averages:
The current price is around 7.644, which is below the short-term MA 7 (7.992), indicating a potential short-term bearish trend.
The price is also below the MA 25 (9.169) and MA 99 (10.176), suggesting overall bearish momentum.
Ichimoku Cloud Analysis:
The price is below the Ichimoku cloud, indicating a bearish trend.
Bollinger Bands:
The current price is closer to the lower band (5.097), indicating that the asset is potentially oversold.
The middle band (20-period SMA) is around 8.399, which aligns with the resistance from the Ichimoku cloud.
Stochastic RSI:
The Stochastic RSI indicates an oversold condition (K 14.43, D 3.45), suggesting a potential upward correction.
The MACD line is below the signal line, supporting the bearish outlook. However, the negative values indicate potential for a bullish crossover if momentum shifts.
Key Resistance and Support Zones:
Immediate Support Zones:
7.235 ,6.2920,6.1617,5.8760
Immediate Resistance Zones:
7.992 ,8.318 ,8.399 ,8.6295
Higher Resistance Levels:
9.169 ,9.862 ,10.176 ,11.986
Higher Support Levels:
7.783 ,7.203
Conclusion:
ICP/USD shows a bearish trend with several resistance levels to watch closely. Key support levels at 7.235 and 6.2920 could provide a floor, while significant resistance at 8.399 and 9.862 may cap upward movements. The Stochastic RSI suggests a potential for a rebound, but overall, bearish signals dominate until the price breaks above critical resistance levels.
For precise trading, monitor these zones and indicators closely for any shifts in momentum or trend changes.
I'm bullish on ICP for the long run.
Watch out for $BTC Dominance.
#BinanceSquareFamily #ICPCoin #InternetComputer #technicalanalyst #technical_analysis
$RUNE (1D) Analysis:
Moving Averages
MA 7: 3.533
MA 25: 4.203
MA 99: 4.929
Bollinger Bands
Upper Band: 5.452
Middle Band: 4.254
Lower Band: 3.056
Stochastic RSI (14, 14, 3, 3): 5.65 (indicating oversold conditions)
MACD
MACD Line: -0.179
Signal Line: -0.262
Histogram: -0.082 (indicating bearish momentum)
ADX (14 periods): 28.28 (indicating a weak trend strength)
BoP: 0.75 (indicating buying pressure)
CMF (20 periods): -0.06 (indicating a slight selling pressure)
Key Insights
Trend Analysis:
The price is currently below the 7-day, 25-day, and 99-day moving averages, indicating a bearish trend in the short, medium, and long-term periods.
The Ichimoku cloud's Leading Span B being below the price suggests potential support at 3.137, but overall bearish sentiment remains due to the price being under the cloud.
Volatility:
Bollinger Bands indicate significant volatility with a widespread between the upper and lower bands.
Stochastic RSI is in the oversold territory, which might indicate a potential buying opportunity if confirmed by other indicators.
The MACD histogram shows a negative value, indicating bearish momentum, though the gap between the MACD line and the signal line is narrow, suggesting potential for a reversal.
Trend Strength:
The ADX value of 28.28 suggests that the current trend (bearish) is weak and may not sustain without further momentum.
Buying/Selling Pressure:
The Balance of Power shows a strong buying pressure, while the CMF is slightly negative, indicating some selling pressure.
Summary
The current market sentiment for RUNE/USDT is predominantly bearish, with key indicators like moving averages, MACD, and Ichimoku cloud suggesting downward pressure. However, the oversold condition in the Stochastic RSI and the Balance of Power's indication of buying pressure could signal a potential short-term reversal or consolidation phase.
Despite all that, I'm still bullish on RUNE. Just saying......
Watch out for $BTC Dominance.
#BinanceSquareFamily #runecoin #technicalanalyst #technical_analysis #THORChain
Moving Averages
MA 7: 3.533
MA 25: 4.203
MA 99: 4.929
Bollinger Bands
Upper Band: 5.452
Middle Band: 4.254
Lower Band: 3.056
Stochastic RSI (14, 14, 3, 3): 5.65 (indicating oversold conditions)
MACD
MACD Line: -0.179
Signal Line: -0.262
Histogram: -0.082 (indicating bearish momentum)
ADX (14 periods): 28.28 (indicating a weak trend strength)
BoP: 0.75 (indicating buying pressure)
CMF (20 periods): -0.06 (indicating a slight selling pressure)
Key Insights
Trend Analysis:
The price is currently below the 7-day, 25-day, and 99-day moving averages, indicating a bearish trend in the short, medium, and long-term periods.
The Ichimoku cloud's Leading Span B being below the price suggests potential support at 3.137, but overall bearish sentiment remains due to the price being under the cloud.
Volatility:
Bollinger Bands indicate significant volatility with a widespread between the upper and lower bands.
Stochastic RSI is in the oversold territory, which might indicate a potential buying opportunity if confirmed by other indicators.
The MACD histogram shows a negative value, indicating bearish momentum, though the gap between the MACD line and the signal line is narrow, suggesting potential for a reversal.
Trend Strength:
The ADX value of 28.28 suggests that the current trend (bearish) is weak and may not sustain without further momentum.
Buying/Selling Pressure:
The Balance of Power shows a strong buying pressure, while the CMF is slightly negative, indicating some selling pressure.
Summary
The current market sentiment for RUNE/USDT is predominantly bearish, with key indicators like moving averages, MACD, and Ichimoku cloud suggesting downward pressure. However, the oversold condition in the Stochastic RSI and the Balance of Power's indication of buying pressure could signal a potential short-term reversal or consolidation phase.
Despite all that, I'm still bullish on RUNE. Just saying......
Watch out for $BTC Dominance.
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