#BTC.D drops continue and given a close below of the support area. Now, market looks in mood to make the alts fly. The only condition will be #Bitcoin needs to sustain above nearly at the same level or $70,000.
Price grabbed liquidity from a major support area and initiated a strong upward rally. It also retested the support area before continuing its upward movement.
Support Area: $167-$172 (add some here if missed earlier)
The #TOTAL #crypto market cap broke the downtrend channel in an upward direction. This is a good sign for the crypto market, and we may see a continuation of the upward movement. The next few months will be good for the crypto market.
THETA has successfully broken out of the descending triangle and confirmed the breakout with a successful retest above it. The Ichimoku cloud and the 100-day moving average indicate a bullish trend. As long as it continues to trade above the Ichimoku cloud, an upward move is expected.
#ETH is now trading around 3065$. Ethereum has broken out of a falling wedge pattern on daily time frame. So the Possible scenarios are We may see bullish move in Ethereum after successful retest. Otherwise If the price dumps and trades inside the pattern again, the pattern will become invalid. Stay tuned with us for further updates
WLD is been going though the downtrend and made a bear flag pattern, which is a bearish continuation pattern. Price already trading below the Key Resistance area of $5.63 - $6.13 but market turning the sentiment might flip the price. A break will also decide the leg, so keep an eye on breakout either side.
FTM has successfully broken out of the symmetrical triangle and completed a successful retest. The Ichimoku cloud is acting as support, and the MA 100 is showing a bullish trend. As long as FTM continues to trade above the triangle, a continuation of the bullish move is expected.
#ETH has bounced from the support area as anticipated following a period of accumulation. We might see a test of the resistance line and potentially a breakout this time. With the Ethereum ETF decision approaching, if it gets approved, we could witness a significant rally similar to #BTC .
#SUPER attempted to move higher instead of deep retest and breaking the trendline though. Now, a strong confirmation is needed to break of the near resistance and buys came on the retest of the zone working as support.