The Alts market cap has broken out of the symmetrical triangle and is currently retesting above it. The Ichimoku cloud is also providing support.
A successful retest above the triangle would confirm a bullish trend, while a failed retest could indicate further movement within the triangle. $BTC $ETH $BNB #Binance #BTC #BNB #Web3 #Ethereum
The price is currently trading within a triangle pattern and is gradually approaching a decision zone. We might witness a breakout from this triangle pattern soon, which will determine the next market move. A breach below the support area indicates a bearish trend.
$XMR ➖➖➖➖➖➖➖ It is breaking out of the symmetrical triangle pattern with significant volume. A confirmed candle close above the triangle or a successful retest will serve as a strong indication of a potential upward move. ➖➖➖➖➖➖➖ $BTC $ETH $XMR #Binance #BTC #BNB #Ethereum #Web3
$BTC ➖➖➖➖➖➖➖ It rebounded from the support/resistance (S/R) level after targeting the downward liquidity. For a solid bullish confirmation, bulls need a breakout followed by a retest of the trendline. Conversely, a breakdown followed by a retest of the S/R level would indicate a bearish trend.
BTC.D has broken down from the rising wedge on the weekly timeframe. A candle close or a successful retest below the rising wedge would confirm the bearish trend.
If BTC moves sideways or bullish while BTC.D drops, it would be a bullish sign for altcoins.$BTC $ETH $BNB #Binance #BTC #BNB #Web3
BAKE is forming a descending triangle and is attempting a breakout. Currently, it is facing resistance from the MA 100 and the Ichimoku cloud. A solid breakout from the triangle would confirm a bullish trend, while a rejection would indicate further movement within the triangle.$BTC $ETH $BNB #Binance #BTC #BNB #Web3 #Ethereum
$ETC ➖➖➖➖➖➖➖ The price pumped as expected after breaking out of the ascending triangle. It is now encountering resistance at the horizontal level. A successful breakout retest of this horizontal resistance would be a bullish signal. However, a rejection at this level might indicate another retest of the triangle.$BTC $ETH $BNB #Binance #BTC #BNB #Ethereum #Web3
BTC pumped following a strong bullish weekly candle close. Currently, it is encountering resistance at its all-time high. A decisive breakout above this all-time high zone would confirm a bullish trend. However, if it gets rejected, it will likely retest the horizontal support.$ETH $BTC $BNB #Binance #BTC #Web3 #Ethereum #nft
BTC is currently retesting above the descending channel, followed by a bullish move. The Ichimoku cloud indicates a bullish trend. A successful retest above the channel would confirm the bullish trend, while a failed retest would suggest a potential retracement before the next upward move.$BTC $ETH $BNB #Binance #BTC #Web3 #Ethereum #nft
USDT.D declined after breaking down and successfully retesting below the rising wedge. The Ichimoku Cloud indicates a bearish trend. Additionally, it broke down below the 200-day moving average (MA 200), suggesting a further downward move is expected.
However, a retest of the MA 200 is also possible. It's important to note that USDT dominance works inversely proportional to the crypto market.$BTC $ETH $BNB #Binance #BTC #Web3 #Ethereum #nft
BOME has broken out of the ascending triangle with a candle close above it, indicating strong momentum. We can expect the continuation of the bullish move from here or after a successful retest of the triangle.$BTC $ETH $BNB #Binance #BTC #Ethereum
LINK has broken out of the descending triangle and has also moved above the 200-day moving average. Currently, it is retesting above the MA 200. A successful retest above the MA 200 or the descending triangle would confirm a bullish trend.$BTC $ETH $BNB #Binance
The total market cap pumped after the breakout of the falling wedge. Currently, the price is within the Ichimoku cloud, indicating indecision.
The MA 100 suggests a bullish trend. A break above the Ichimoku cloud would confirm bullish momentum, while a rejection would signal a potential retest of the MA 100 or the falling wedge.$BTC $ETH $SOL #Binance
THETA has successfully broken out of the descending triangle and confirmed the breakout with a successful retest above it. The Ichimoku cloud and the 100-day moving average indicate a bullish trend. As long as it continues to trade above the Ichimoku cloud, an upward move is expected.$BTC $ETH $BNB #Binance
The US dollar has broken down from the ascending triangle pattern and is on the verge of breaking below the Ichimoku cloud. The 50-day moving average (MA 50) is acting as resistance.
A successful retest or a break below the Ichimoku cloud would confirm a bearish trend. It is important to note that the US dollar typically moves inversely to the crypto market.$BTC $ETH $SOL #Binance
$TWIF is currently trading in a symmetrical channel after an impressive upward rally. Brace yourselves, as we might witness a breakout from this symmetrical triangle in the upward direction, continuing the rally! With many big things in the pipeline, the future looks incredibly promising! 🔥🚀
BTC broke out of the descending channel, followed by a strong bullish rally. A successful retest above the channel would indicate a continuation of the bullish move. However, if the price falls back inside the channel, it would be a sign of some correction.$BTC #Binance
GMX has broken out of the ascending triangle with decent volume. The 100-day moving average and the Ichimoku cloud indicate a bullish trend. A continuation of the bullish move is expected, either from this point or after a successful retest of the triangle.$BTC $ETH #Binance #Web3