SOLANA Pattern FormationBased on the previous analysis I had done earlier, I anticipated that a bullish momentum will build. This coin is now forming a bearish flag, which IMO is a strong indicator for a potential bull run
Let us wait for the price to test the resistance zone so that we can have a clear entry position.
Cryptolevels
Bitcoin and altcoins overview(Jule 24-25)We made another attempt to resume purchases on Bitcoin , but it was unsuccessful. Currently, we are below the volume zone, so locally we expect movement to the next sales zone located lower.
Globally, the scenario has not changed, we expect a test of the sales zones above: $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
Purchase zones: $65,000-$63,400 (accumulated volumes), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volumes zone), $55,000-$53,900 (volume anomalies zone).
Interesting altcoins.
For the DAR coin, we have a strong buyer volume zone at $0.175-$0.165, from which it is logical to expect a resumption of purchases.
For STMX , we also expect the upward movement to continue from the local volume zone $0.0068-$0.0066
BTC 24-hour upside potential; downside over the 7-day horizonBitcoin reached a five-week high over the weekend supported by hopes of a Republican victory in November. These were slightly dashed on Sunday when the Democratic presidential candidate Joe Biden dropped out of the race, increasing the chances of a Democratic victory. A Republican victory is seen as much more favorable for the cryptosphere.
The SEC has extended its deadline for comments on the potential listing and trading of options on trusts or ETFs holding Bitcoin to between Sept 21 and Nov 20, the US regulator said.
The price of Bitcoin dropped 1.4 percent to $66,838 over the past 24 hours, Trading View’s Bitcoin chart shows. ATTMO forecasts a sunny day ahead for Bitcoin, indicating a potential upside, yet, drizzle within 3 days, extending to the next week, which could announce a bearish trend and downside for the biggest crypto.
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Crypto Market going into a Downtrend or Re-testing Resistance? What's up guys! We are experiencing a huge shake up in the Crypto Market atm. Specially with the BTC sell off, alts really took a hit! Some even regressed so much that all the gains startig this year were lost at this point.
The question is, do you have a plan of action? Well, I do!! Let me share two possible scenarios.
1) On the Weekly and Monthly timeframes we are at a resistance area where you are expected to take profits and sell accordingly to secure gains, unless you're a breakout trader, then that's another story. Having said this, on the Daily chart it is re-testing a support zone that could possibly turn into resistance, and if that happens, then we'll go short. Once it finishes the re-test and it's successful, we can aim to short at the next demand zone. If you go to weekly TF you'll see it even clearer. The zone is marked with the BUY icon over the green rectangle. Once you get to the zone, it's an awesome area to BUY!
2) Price could totally bounce from here and get back into the range. We'll need to wait for the breakout of the downward trendline along with volume. We can't aim too high here since we have a roof kind of close. I marked here with the Sell icon the zone that I believe is going to drive selling pressure or some kind of heavy reaction. So we can take profits there in the short term. Monitor closely these key levels, as they have extra added confluences from the past.
I hope you found this article helpful. Don't forget to boost and follow 👽
Tip of the Day: Manage your risks, set targets in advance, and read the news!
As always, keep it Shiny ⚛️
Kina, The Girly Trader
DENTUSDT ⚛️ Long Term Spot IdeaWhat's up guys! Crazy moment we're living in the Crypto Market these days. BTC halving coming really soon and things could get really volatile real quick! It's really a great moment to have a plan of action to protect your assets.
Alright, so I've been asked to share my idea for DENT crypto coin and this is my plan of action.
1) DENT has been in a strong accumultion range for a long time and if you take a look at the bigger picture, you'll notice that it still is stuck in the range. I've marked the zones of this range with big yellow rectangles as shown in the chart.
2) When and where to buy? The best possible area is the lower band of the range but for that we would need a drop in the market which could have already been triggered after touching the resistance band of the range. The other way is wait for the proper confirmation that DENT got activated by buyers and enter at the breakout of the resistance zone which is also marked in the chart with some buy icons.
Optimal buy zone: 0.000479 - 0.000800
Second chance buy zone: Break and re-test of resistance from the range at about 0.002800
For the second chance, price entry won't feel as a sniper entry but still is early for the profits you are aiming for.
3) Where to take profits? There are 2 major zones but the most magnet wise that DENT has it's 0.01200 because in the bigger picture this is a critical round number area which price pierced through and then re-tested as resistance so this means it's a level that actually turned support then resistance which is wildly known as a FLIP ZONE in technical analysis. That's why I believe price is going to get some reaction for sure to this level.
Now, if you've got diamond hands then HODL DENT might not only re-test ATH but in the upcoming bull run, DENT will be making newer higher highs and breaking out the ATH for sure. However, we don't know HOW LONG is going to take until this plays out but most likely by 2025.
I hope you found this idea helpful.
Tip of the Day: Don't freak out if things don't go your way. Just take a breather, take a walk, have some fresh air and come back calmer. You'll definitely be making better decisions when you have a clear and calmer state of mind.
As always, keep it Shiny ⚛️
Kina, The Girly Trader
ETH/USD Tightening Range Trade PlansCrypto Sentiment took a hit recently due to creditor fears, but 'softer landing' Sentiment has overtaken this bias and provided long side bias.
Ethereum, particularly, has seen a considerable amount of range tightening, with lower highs and higher lows.
Overall direction, be it up, or down, will be dictated by future FED results and also potentially Crypto related news on its own.
Price Targets remain at drawn areas for longs/shorts.
ETH - bullish 24-hour upside expected!Listing of 8 spot ETH ETFs is expected on July 23! The deadline for returning the final S-1 registration forms for the eight-spot Ether ETF has been set for July 17 by the Securities and Exchange Commission (SEC).
“SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH,” conditional on no last-minute hurdles, Bloomberg’s ETF analyst Eric Balchunas, said.
Meanwhile, Reuters reports that Blackrock, Franklin Templeton and VanEck have obtained “preliminary approval” for their spot Ether ETFs. Such ETFs hold an equivalent amount of the underlying asset, contrarily to future ETFs that track futures contracts of the underlying asset rather than the asset itself.
The price of Ether rose 2.3 percent to $3,437 over the past 24 hours. ATTMO predicts strong sun for Ether in the next 24 hours, signaling bullish trend and upside potential over this time horizon.
Follow us for more crypto news and weather reports!
US Labor Market Cools and Inflation Pulls BackTakeaways
US labor market and inflation showed signs of cooling in June: The unemployment rate rose to 4.1% and CPI, a core inflation measure, increased just 3.3% year-over-year.
US House can’t override Biden veto: US lawmakers fell short of the two-thirds majority needed to overturn Biden’s veto of a Congressional resolution to overturn an SEC bulletin that puts additional pressure on firms that custody crypto assets.
The Labour Party won a decisive victory in the UK general election last week: The win ended 14 years of Conservative rule and left the direction of crypto regulation somewhat uncertain.
Spot bitcoin ETFs experienced nearly $300 million in net inflows on Monday: It was the highest since early June, with buying led by BlackRock’s IBIT and Fidelity’s FBTC.
VanEck and 21Shares have updated their S-1 registrations with the SEC to list spot Ethereum ETFs: The ETFs are expected to begin trading shortly after approval, which should come later this summer.
Doja Cat's Twitter account was hacked to promote a Solana-based meme coin named $DOJA: The breach prompted the star to alert her Instagram followers that she was not responsible for the tweets.
🔄 Topic of the Week: The Render Network (RNDR)
🫱 Read more here
Solana: A Promising Long-Term BetSolana, one of the most complex and comprehensive projects in crypto, can be a good long-term bet. From this area, we could see a significant rise, and in case of a new correction, the lower zones might be the bottom for SOL in this cycle. A realistic top for Solana could be around $660. :)
Alikze »» LISTA | Short -running channel🔍 Technical analysis: Short -running channel
- The time frame 1H is moving in an uptrend channel.
- Currently on the floor of the canal. If it is in demand for 0.6840, it can have 0.78 targets and the mid -channel supply range.
💎 Replacement scenario: But if the floor of the short upward channel is broken, the first green box targets can be 0.5860 and the second color box with brick and stabilization below the area.
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