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Not Bitcoin, Look closer to Total market cap
I'm going to give my focus to the total market capitalization as there is major pattern which is forming right now.
The triangle pattern on the high time frame is showing us that the market is still consolidating at current specific structure. What makes it even more interesting is that the price is now trending closer to the edge of this possible triangle pattern as well.
Also, there is a major reaction on the EMAs structure which the price is now moving in sandwiching pattern between the 21, 55 and 200 EMA which I see is as possible drive to lower liquidity.
Both the trending closer to the edge of triangle and the EMAs sandwiching pattern on the 4 days time frame is having similar presentation.
From this scenario, it's very likely that we will see another slow movement for the next 30 days at least and if you swinging any position during this period, it's purely gambling.
I'm going to give my focus to the total market capitalization as there is major pattern which is forming right now.
The triangle pattern on the high time frame is showing us that the market is still consolidating at current specific structure. What makes it even more interesting is that the price is now trending closer to the edge of this possible triangle pattern as well.
Also, there is a major reaction on the EMAs structure which the price is now moving in sandwiching pattern between the 21, 55 and 200 EMA which I see is as possible drive to lower liquidity.
Both the trending closer to the edge of triangle and the EMAs sandwiching pattern on the 4 days time frame is having similar presentation.
From this scenario, it's very likely that we will see another slow movement for the next 30 days at least and if you swinging any position during this period, it's purely gambling.
Solana Price Path to $30; Double Bottom Pattern Sparks Bullish Upswing
Solana price shows the formation of a double bottom pattern indicating a strong potential for an upward movement in prices.
Solana price shows the formation of a double bottom pattern indicating a strong potential for an upward movement in prices.
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#TOTAL MARKET CAP ANALYSIS
The total market cap continued its downward move inside the triangle after being rejected from its trendline resistance. RSI is moving toward the oversold region from the overbought region.
It is holding above the MA 50 and if it is unable to hold above it, then a good bounce is expected from the trendline, where Ichimoku Cloud is also acting as support.
The total market cap continued its downward move inside the triangle after being rejected from its trendline resistance. RSI is moving toward the oversold region from the overbought region.
It is holding above the MA 50 and if it is unable to hold above it, then a good bounce is expected from the trendline, where Ichimoku Cloud is also acting as support.
#STMX/USDT ANALYSIS
STMX is moving in a symmetrical triangle. Currently, it is facing its trendline and the Ichimoku cloud resistance. MACD crossover is showing bullish momentum. A solid breakout of the symmetrical triangle would be the bullish confirmation.
STMX is moving in a symmetrical triangle. Currently, it is facing its trendline and the Ichimoku cloud resistance. MACD crossover is showing bullish momentum. A solid breakout of the symmetrical triangle would be the bullish confirmation.
#BTC/USDT ANALYSIS
BTC is attempting to break out the main horizontal resistance on the weekly timeframe. The Ichimoku cloud and the MA 100 are also acting resistance on the major horizontal resistance. Currently, the price is holding above the ascending trendline support.
A solid breakout of the horizontal resistance would be a bull run confirmation, while a sustained breakdown of the ascending trendline would be a sign of correction in the market.
BTC is attempting to break out the main horizontal resistance on the weekly timeframe. The Ichimoku cloud and the MA 100 are also acting resistance on the major horizontal resistance. Currently, the price is holding above the ascending trendline support.
A solid breakout of the horizontal resistance would be a bull run confirmation, while a sustained breakdown of the ascending trendline would be a sign of correction in the market.
Top 10 Ethereum ecosystem coins by Total Value Locked
👉 defillama.com/chain/Ethereum
👉 defillama.com/chain/Ethereum
Binance Labs has invested $10M in Helio Protocol
👉 binance.com/en/blog/ecosystem/binance-labs-commits-$10-million-to-helio-protocol-to-advance-the-lsdfi-revolution-3457570284541750043
👉 binance.com/en/blog/ecosystem/binance-labs-commits-$10-million-to-helio-protocol-to-advance-the-lsdfi-revolution-3457570284541750043
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Centralized Entities With the Largest ETH Balance
Centralised exchanges have seen ETH outflows since April 2023, but they still store large amounts of Ethereum. Discover the most popular entities for storing ETH.
👉 https://cryptorank.io/price/ethereum
Centralised exchanges have seen ETH outflows since April 2023, but they still store large amounts of Ethereum. Discover the most popular entities for storing ETH.
👉 https://cryptorank.io/price/ethereum
