Bitcoin dominance is melting after its final bounce. Ethereum and other altcoins have experienced significant gains over the last 24 hours. We may see a bounce in dominance from the local support area. If Bitcoin stays above $100,000, we can expect more upward movement in altcoins.
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$RVN Price is bouncing off the long-term support zone and challenging the descending trendline 📈 A breakout from this channel could ignite a strong rally toward:
#LAYER reached a clean flip area, where we took the trade and have some good profits. Now, its dropping hard and breaking the trendline and might break lower due to sell pressure. A close will can give a shorting opportunity, for targeting the support around $0.66 area.
Bitcoin's dominance showed a false breakout at the resistance line before quickly dropping. This is why we've observed positive movement in altcoins. As we mentioned earlier, we anticipate some relief following the FED meeting. The overall market structure remains bullish, but Bitcoin's dominance needs to break below the 64.70% level in order to trigger a significant rally in altcoins.
ETH is continuing its upward movement as anticipated. Let's observe how the price responds at the resistance area. It has increased by over 8.5% from the support level. Please move your stop loss closer to $1,830 and maintain your long position. We plan to take profits near the resistance range of $2,065 to $2,105. $ETH
Bitcoin has rebounded strongly from the support trendline of the ascending broadening wedge pattern and is now facing rejection at the resistance trendline. The Ichimoku Cloud is acting as support, indicating underlying bullish strength.
A breakout above the wedge would likely lead to further upward movement, while rejection here could trigger a market correction. Keep a close eye on the upcoming price action for confirmation. $BTC
It's strange to see Bitcoin's reaction following the unchanged interest rate, yet the price continues to rise. We'll need to observe how it behaves near the significant resistance area between $99,000 and $100,000. A sharp decline could occur, so it's advisable to use tight stop-loss limits for all open positions.
#STX nearly took off from the major support zone and now at a intermediate level. Price is expected to reach out towards the resistance around $1.06 - 1.08. Shot-term buys can be taken along the line targeting the resistance and short from there itself. . $STX