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While there are many predictions for BTC, but i still think that bitcoin will come down first, the DEATH CROSS has been formed, last time it formed 6 months ago and bitcoin fall down to 16k, i am not negative but sharing my pov.$BTC $ETH
* Strong Upward Momentum: Price is currently above both the 50 EMA (152.80) and 200 EMA (152.42), indicating a bullish trend. The recent price action shows a significant upward move, with an 11.71% gain in 24 hours. * Bullish Momentum: The RSI(7) at 64.18 and RSI(14) at 63.26 indicate strong bullish momentum. While approaching overbought territory, the readings are not extremely high, suggesting there might be room for further upside. * Conflicting Signals: The MACD (0.26) is positive and above the signal line, indicating bullish momentum. However, the DIF and DEA lines are converging, which could signal a potential slowdown in momentum. * High Trading Volume: The 24h volume of 7.30M SOL suggests strong interest in the asset.
The current setup leans bullish, with the potential for further upside. The price is above key moving averages and showing strong momentum. However, the MACD signals a potential slowdown in the bullish trend. Traders should monitor price action closely and consider taking profits near the resistance levels.
Additional Considerations:
* Support Levels: The 50 EMA and 200 EMA can be considered as potential support levels. * Resistance Levels: The 24h high of 163.70 and the next resistance level at 172.35 are key levels to watch. * Volume: Continued high trading volume would support the bullish outlook.
Remember, technical analysis is just one tool and should be used in conjunction with other factors before making trading decisions. #SOL #Solana #TradingStrategy #TechnicalAnalysis #BuyOrder
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💠Coin. #BNB /USDT 💠Signal Type : ⭕Short 💠Leverage: Cross (10x to 20x) 💠Margin : 3℅ of portfolio
🧩 ENTRY : 705 DCA : 725
✅Take Profit Targets
⚡1) 688 ⚡2) 674 ⚡3) 660 ⚡4) 646
⚠️ STOP LOSS : 735
✨20℅ Close Trade At Every TP. ✨After hitting the 2nd TP Put your SL on Entry. 💠Trailing Stop Loss. If You are busy CB ,( call back) rate 0.5% Active price TP1 Usdt 100% use last price in trailing stop $BNB
💠Coin. #BNB /USDT 💠Signal Type : ⭕Short 💠Leverage: Cross (10x to 20x) 💠Margin : 3℅ of portfolio
🧩 ENTRY : 707 DCA : 725
✅Take Profit Targets
⚡1) 688 ⚡2) 674 ⚡3) 660 ⚡4) 646
⚠️ STOP LOSS : 735
✨20℅ Close Trade At Every TP. ✨After hitting the 2nd TP Put your SL on Entry. 💠Trailing Stop Loss. If You are busy CB ,( call back) rate 0.5% Active price TP1 Usdt 100% use last price in trailing stop $BNB $BTC
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