SOLUSDT has been on an uptrend since June 2023, but recent developments signal a potential trend reversal. The pair just broke the uptrend, raising concerns of a forthcoming lower high. 📉
📊 The RSI is signaling trouble as it sits at elevated levels, accompanied by bearish divergence on lower time frames. This suggests weakening upward momentum and a possible shift in market sentiment.
🔄 Despite the downtrend signals, it's crucial to remain vigilant. Markets can be unpredictable, and a fakeout above the resistance box is still plausible. Traders should be prepared for unexpected moves.
- #Bitcoin holding the fort at $40k, but where's it heading?
Bitcoin is currently near the upper end of its multiweek trading range, retesting the former support trendline from the downside. Clearing 45000 opens the way for a retest of January high.
#AVAXUSDT 4H Analysis 📈 Current Price: $35.3 💵 🚀 Potential Breakouts: Resistance at $31.28Next Target: $34.5 📈 Trend Analysis: Gathering momentum near the yellow trend line Anticipating a significant upward movement 🔍 Next Target on Breakout: $37.95 Stay tuned for updates! 🚀📊
$APT 1D Chart - Bullish Outlook: This outlines my bullish scenario for the next few weeks. The key is $APT reclaiming the purple horizontal level, currently acting as resistance. Once achieved, $APT could accelerate toward the January 2023 peak. This scenario holds validity as long as the price remains above this week’s low or EMA50.
ATOM has been trading in a bearish triangle pattern for almost two years at this point. The pattern is clearly drawn between the yellow area of support and the purple diagonal resistance. After the most recent rejection of the resistance, I'm waiting for the price to reach the yellow area again. The yellow area will most likely function as a long-term bottom area, thus being a great entry in anticipation of the next bull run. #ATOM/USDT #ATOMUSDT #WRITE2EARN NFA!! #TradeNTell