$DENT fell to the demand area of $0.000880-0.000950 while maintaining the resistance ranges.
The current level is very important, and maintaining it is a sign of the continuation of the upward trend. If #DENT continues to be traded above the current level, the first and most important target is to reach the dynamic resistance, and the price reaction to it is very important. Closing the daily candle below the current level will indicate an invalidation of uptrend.
$ETH has performed better than Bitcoin in the last two weeks
Now the price is moving in the channel of an ascending flag pattern, these fluctuations can be considered to correct the upward step that the price has already done, so the trend is still upward
Seeing the change from green to red candles, I am assuming that the market is witnessing a period of uncertainty and doubt.
If Ethereum moves to hit a new high vs late May, we can consider higher prices because the chart structure changed
As long as the May high holds as resistance, we continue aiming lower
$OCEAN An ascending channel has formed in the daily time frame in the OCEAN price chart. Recently, the price has completed an ascending harmonic pattern, and the price has reached the bottom of the ascending channel, then reacted to it.
If the price is still supported by the bottom of the channel, the price will grow according to the pattern and will reach the top of the channel after breaking the dynamic resistance.
Break under the channel could indicate a weakening of the trend, leading to a bullish invalidation and potentially significant price declines
$ARB has broken the ascending channel in the daily time frame.
$ARB price has dropped to the very important demand level of $0.7350-$0.7850. As you see in the chart, the price supported from this area before very well, and it grew more than 150%, so there is a possibility of support again.
Bearish candles are still strong, and if the price reaches below the current level, it means that the decline will continue and the possibility of the price moving towards the last available support, the $0.5000-$0.5300 area, will increase.
The price of $TRB reacts well to the top and bottom of the descending channel that is part of a bullish flag pattern.
The price correction process is slow down, and if it can get out of the channel, it will be pumped very strongly. To confirm and continue the upward trend, the price must cross $110. The probability of the price reaching the support level of $74.00-65.00 and then starting the next upward step is high. This level is a strong demand area. If the price can't jump after reaching this area and fall below it, the upward trend will be invalid, and it shows It will give more downward movement for the price.
$KLAY price has returned to the demand area from which it was previously pumped by more than 50%
As the price reached the resistance level of $0.2600 - $0.2700, the price started to decline and exactly returned to the area of $0.1600 - $0.1500, this area has already supported the price well. Therefore, the possibility of re-support is very high
If the current level is violated and the price drops below the support level, the situation will become more critical and the possibility of further price reduction and reaching the level of $0.1200 will increase. This level is almost the price floor of this currency.
$UNI has recently formed an ascending channel in the 4-hour time frame.
After reaching the $7.900-$8.800 level, the price was very strongly supported and again grew by more than 30%. Now it is facing a very weak resistance in the area of $12, which due to the strong upward trend in this currency is expected to easily cross this level and reach the resistance level of $13.3.🚀
#AXS moved as expected and failed to break the resistance level of $8.700-$8.400.
The specified resistance area was not fully consumed and invalidated the bullish scenario. The price left the small ascending channel that was formed in the 4-hour time frame and fell to the support level of $6.500-$6.300. Now, it will need to rebound to continue its ascent to challenge the resistance once again . Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards.
A breakdown below the demand area would negate the bullish outlook and potentially lead to extended declines.
$MKR price easily broke the support level of $2470-$2350 .
In the daily time, it is moving in an upward channel, which faced selling pressure after reacting to the supply zone and not being able to break the zone.
Recently, an upward harmonic pattern has been formed in the chart, the price is slowly forming a positive divergence, and if it can return to the above specified level, we can expect to see the price rise according to the pattern