Price is trading in a triangle pattern, and the breakout determines the next move. It's advisable to wait for some time for new entries as we may see a breakout on either side.
Bitcoin maintains the support area at $67,000, which is a positive sign. The market conditions remain unchanged, and we will monitor how the price responds at the support level. The US market is showing mixed signals.
The price is forming a falling wedge pattern, and we may see a break of this pattern soon. There is a major resistance level just above the falling wedge pattern. It's better to wait for a break above the resistance area for new entries.
ETH has rebounded from the support area as expected, signalling a positive trend for the altcoin market. ETH often leads the way for altseason. We may expect further upward movement, with the major resistance level at $4000. A break above $4000 will be bullish.
MEME has broken the triangle pattern in an upward direction, and the price is now testing the resistance area. Meme coins are showing strong upward movement, and we expect a breakthrough of this resistance area. You can consider opening a long position after a break and a candle close above the resistance area.
Bitcoin has rebounded from the support area and is now approaching the $69,000-$70,000 resistance. Let's see how the price reacts to this area. Nothing has changed in the market yet.
The price encountered resistance at the downtrend line, but we may witness a significant move from the support area. FRONT is migrating to the Self Chain, and there could be a rally due to this migration news. Consider adding some FRONT at the support area.
Price is currently trading in an ascending triangle and is now near the resistance area. A good upward movement is expected if the price breaks above the resistance area. Only open long positions after a breakout.
Bitcoin broke the triangle pattern in an upward direction but was unable to sustain the upward movement. The price is currently holding above the $67,000 support area, which is a positive sign. If the price breaks below this support area, we may see a move toward the $65,000 support area.
The price has broken out of the large triangle pattern and is now forming a small falling wedge on lower time frames. We might see a breakout of this pattern and a continuation of the upward movement. You can consider opening a small long position here with a tight stop loss.
The price is currently trading within a narrow range and is showing respect for the support and resistance levels. You can consider trading within this range and consider buying some ADA if it falls to the support level. We may experience some sideways movement before the next significant price move.
STRK is currently breaking out of the falling wedge pattern. The price is now retesting the trendline, and if it can hold above this level, we may see a good upward rally. Consider opening small long positions here with a tight stop loss.
Bitcoin is consolidating near the resistance area with a triangle pattern forming on lower time frames, suggesting more sideways movement. The support and resistance levels remain unchanged.
PORTAL continues to gain momentum and has broken out of the falling wedge pattern. The long position is now more than 20% profitable, so you may consider raising your stop loss and holding onto the position. We may see a continued upward movement since the price has broken out of the pattern.
WLD broke the trendline in a downward direction and also retested it. We may see a continuation of the downtrend now. We may see some accumulation at the next support area.
Bitcoin is now trying to reclaim above the $70,000 area. Let's see if the price can break this level or not. We may see a move on Monday when the US markets open.
The price is currently trading within a falling wedge pattern and is currently testing the resistance line. If there is a break above this resistance, it would be considered bullish, and we would anticipate a move towards the next resistance area. It's important to monitor this situation closely, and we plan to open long positions after a retest following the breakout.
MicroStrategy CEO Michael Saylor announced that MicroStrategy now holds nearly 1.1 million BTC, rivaling the amount held by Bitcoin founder Satoshi Nakamoto.
ETH has cooled off after the big breakout candle. The price is currently holding the support area, and the wick below the support indicates stop hunting and a liquidity grab. We might see some accumulation at the support area before the next upward movement.
$ETH
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