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Bitcoin Broke Out Major Resistance LevelBitcoin Price Analysis: BTC/USDT Breaks Major Resistance Level, Short-Term Target Set at $31700-$32500 Bitcoin (BTC) has finally broken out of a major resistance level and is currently trading above HKEX:30 ,000 against the US Dollar Tether (USDT). This significant move has caught the attention of crypto traders and investors, who are now wondering what's next for the world's largest cryptocurrency. Short-Term Target Set at $31700-$32500 According to the technical analysis of BTC/USDT chart, the short-term target for Bitcoin is set at $31700-$32500. This means that traders can expect the cryptocurrency to continue to rise towards these levels in the coming days. However, it's important to keep in mind that the cryptocurrency market is highly volatile, and unexpected events can impact the price of Bitcoin. Strong Support at $29000 Level While BTC/USDT is expected to continue to rise, traders should also keep an eye on the $29000 level, which is now a strong support level according to the chart analysis. This means that if the price of Bitcoin falls, it's likely to find support at this level, preventing it from dropping further. Daily Candle Closed Above Resistance Level One of the key indicators of the bullish trend in BTC/USDT is the daily candle, which has closed above the resistance level. This is a positive sign for traders who are looking to buy Bitcoin and ride the upward trend. Takeaways: BTC/USDT has broken a major resistance level and is currently trading above HKEX:30 ,000. The short-term target for Bitcoin is set at $31700-$32500. The $29000 level is now a strong support level for BTC/USDT. The daily candle has closed above the resistance level, indicating a bullish trend. Conclusion: Bitcoin has broken a significant resistance level and is currently on an upward trend. Traders can expect the cryptocurrency to continue to rise towards the short-term target of $31700-$32500. However, it's important to keep in mind the volatile nature of the cryptocurrency market and to always exercise caution when investing in Bitcoin.
Long
by CryptoPatel
1
ACH/USDT Technical Analysis: Is Another 100% Rally Possible? ACH/USDT Technical Analysis: Is Another 100% Rally Possible? The cryptocurrency market is known for its volatility, and ACH/USDT is no exception. Currently trading at $0.03976, ACH has seen a massive 650% increase in 2023 alone. However, with the price near its all-time high, the trade can be risky. In this article, we will conduct a technical analysis of ACH/USDT and explore whether another 100% upward rally is possible. Takeaways: ACH/USDT is currently trading at $0.03976, up 650% in 2023. If the triangle breaks upward, there is a possibility of another 100% upward rally in price. The resistance level is at $0.042, and for bullish mode, a daily candle close above $0.042 is required. In bearish sentiment, if the daily time frame candle closes below $0.035, we may see a down move. ACH has already bounced back from the 0.618 Fib retracement level, indicating the possibility of a new all-time high after a breakout. Risk management and stop loss are crucial in cryptocurrency trading. ACH/USDT Technical Analysis: As per the chart, ACH/USDT is trading near its all-time high, making the trade risky. However, if the triangle breaks upward, we may see another 100% rally in price. The resistance level is at $0.042, and for bullish mode, a daily candle close above $0.042 is required. On the other hand, if the daily time frame candle closes below $0.035, we may see a down move. Furthermore, ACH has already bounced back from the 0.618 Fib retracement level, indicating the possibility of a new all-time high after a breakout. It is crucial to remember that risk management and stop loss are vital in cryptocurrency trading. Conclusion: In conclusion, ACH/USDT is currently trading at $0.03976, and a technical analysis of the chart suggests that if the triangle breaks upward, we may see another 100% rally in price. However, it is crucial to remember that cryptocurrency trading is volatile and risky, and risk management and stop loss are crucial for successful trading.
Long
by CryptoPatel
4
🔥LITECOIN FALLS WITH BTC: THE 2 BEST ENTRY POINT TO LONG!🔥 Hi friends! Litecoin has a halving in 140-160 days. That's why it was the top gainer of the last months. Now it makes a pullback and it's time to find good entry point because BTC still has the strength to grow and push such alts as Litecoin up. All the entry points and targets in idea! 📊 TRADING PLAN FOR LTC: 🔥 pullback to $75-78 value area and test it as the support 🔥 volume growth 🔥 bullish BTC 🚩 The high possibility that LTC makes a local shakeout below $85 and continues to grow. The main precondition is volume growth. So keep an eye on it during the upcoming days. ✅ MY TARGETS FOR LTC: 1. $98 - the key level 2. $105 - the key level and local high 3. $134 - the key level and local high Friends, what is your most traded altcoin (or altcoins) last months? Write in the comments! 💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
1
LTCUSDT 1HLTCUSDT 1H With ascending tops and ascending bottoms, LTc starts a discreet upward channel, in search of the MM200 at 91.54, however there may be a retreat due to the next week where unemployment or CPI data will be released next week, but, from the point of view technician, LTC is looking for the MM200 LTC halving is planned for July 2023, in previous halving cycles, there was a run before the event, it could happen again Based on the chart, an entry around 85.54 is interesting. This is a strong support area that could be tested and pull back. Here are the supports and resistances in the 1H timeframe: Brackets 89.83 / 89.03 Resistances: 60.82 / 91.54 MM200: 91.54 RSI: Exhaustion of Buying Forces MACD: Buyer
Long
by ferulianov
DOGE/USDT Technical Analysis: Will Dogecoin Hit $5DOGE/USDT Technical Analysis: Will Dogecoin break through the $0.120 Resistance Level? Dogecoin (DOGE) has been one of the most talked-about cryptocurrencies in recent times, and it's not difficult to see why. It has seen some impressive gains in the past week, with a 40% increase in value. This was followed by a 30% pump in a single day after the Twitter logo changed. But what does the future hold for DOGE? In this technical analysis, we will take a closer look at the current state of DOGE and where it might be headed. Current State of DOGE DOGE is currently trading at $0.1, and as mentioned earlier, it has seen a 40% increase in value over the past week. The cryptocurrency broke out of a very long bear flag and is now trading in an uptrend. However, the big question on everyone's mind is whether DOGE will be able to break through the $0.120 resistance level. Expectations and Predictions Based on the current state of DOGE, it is expected that it will pump a bit more. However, it is also expected to reject from the $0.120 resistance level. If this happens, there are high chances that it will hit the $0.06 level again. Therefore, it is essential to keep a close eye on the $0.120 resistance level. If it breaks upward, DOGE will fly high, and the cryptocurrency could see some impressive gains. Important Levels to Consider In any technical analysis, it is important to consider the support and resistance levels. In the case of DOGE, the support level is $0.06, while the resistance level is $0.120. These are the levels to watch out for if you are planning to enter any trade. Takeaways DOGE is currently trading at $0.1 and has seen a 40% increase in value over the past week. The cryptocurrency broke out of a very long bear flag and is now trading in an uptrend. DOGE is expected to pump a bit more but may reject from the $0.120 resistance level. If DOGE breaks through the $0.120 resistance level, it could see some impressive gains. The support level for DOGE is $0.06, and the resistance level is $0.120. Conclusion In conclusion, DOGE has seen some impressive gains in the past week, and it is expected to see more gains in the future. However, it is important to be cautious when entering any trade as the cryptocurrency may reject from the $0.120 resistance level. Remember to do your own research before making any investment decisions, and never trade blindly as it is your hard-earned money.
Long
by CryptoPatel
5
UTK/USDT Weekly Breakout so Target is 500% ?#UTK/USDT Technical Analysis:- - UTK/USDT is currently trading at $0.135 and has been attempting to break out for a long time. - If the weekly candle closes above the resistance level, a super bullish mode may be in sight. - A potential 500% increase from the breakout level is expected with targets at $0.191, $0.37, and $0.74. - The suggested entry range is $0.130-$0.110 with a stop loss at $0.0888. - Risk management is crucial and it's important to do your own research before investing in any coins.
Long
by CryptoPatel
3
Technical Analysis of DXY: Is Bitcoin Headed Towards $35k-$40kTechnical Analysis of DXY: Is Bitcoin Headed Towards $35,000-$40,000 Zone? The US Dollar Index (DXY) is a measure of the value of the United States dollar relative to a basket of foreign currencies. In recent times, the DXY has been experiencing a bearish trend. This article will explore the technical analysis of the DXY chart and its potential impact on the price of Bitcoin. Current Status of DXY: The DXY is currently trading at $102, having broken support and retested it in the High Time Frame (HTF). The chart is forming a Head and Shoulder pattern, indicating a bearish trend below the Neck Line support of $101.30. If this support breaks, the price of Bitcoin could drop to the $36,000-$40,000 zone. Key Technical Indicators: The Neck Line support at $101.30 is a critical level for the DXY. If it breaks, the next major support level is at $90, which is around 12% from the current level. Moreover, the DXY chart's resistance level is at $105.35. If it breaks, the bearish sentiment in this chart will be invalidated. Takeaways: The DXY is currently experiencing a bearish trend, with a Head and Shoulder pattern forming in the chart. The Neck Line support at $101.30 is a crucial level, and if it breaks, the price of Bitcoin could drop to the $36,000-$40,000 zone. The resistance level of the DXY chart is at $105.35, and if it breaks, the bearish sentiment will be invalidated. Conclusion: In conclusion, the technical analysis of the DXY chart suggests a bearish trend in the near future. If the Neck Line support at $101.30 breaks, the price of Bitcoin could drop to the $36,000-$40,000 zone. However, if the resistance level of $105.35 breaks, the bearish sentiment will be invalidated. Investors must do their own research and analysis before investing in any coins.
TVC:DXYShort
by CryptoPatel
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 95.51 (stop at 92.51) Posted a Double Top formation. There is no clear indication that the upward move is coming to an end. Daily signals are mildly bullish. 95.69 has been pivotal. A break of yesterdays high would confirm bullish momentum. Our profit targets will be 102.51 and 103.51 Resistance: 94.50 / 95.69 / 98.00 Support: 91.00 / 90.00 / 88.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:LTCUSDLong
by VantageMarkets
HBAR/USDT Short Scalp Analysis#HBAR/USDT Technical Analysis Alert Current Price: $0.068 Analysis: Bearish Resistances/Retest: $0.0687 Short Entry: $0.068 Target: $0.062 Stop Loss: Any 1-hour candle close above the red line. Remember, never open any trade without confirmation, and always use a stop loss to manage your risk. Disclaimer: This is educational content and not financial advice. Please conduct your own research before investing in any coins. Join our community for more trading insights and updates!
Short
by CryptoPatel