rimsha008
house wife but doing career in crypto..
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#US DOLLAR ANALYSIS
US dollar is trading below the descending triangle. A downward move is expected if it continues to trade below it.
If it reclaimed the triangle then the breakdown would be invalidated. We've to note that it usually works opposite to the crypto market.
US dollar is trading below the descending triangle. A downward move is expected if it continues to trade below it.
If it reclaimed the triangle then the breakdown would be invalidated. We've to note that it usually works opposite to the crypto market.
As BTC dropped to $72.9K, the amount of supply held at a loss increased from 7.75M BTC to 8.33M BTC.
This suggests roughly 580K BTC was accumulated in the $72.9K–$76.6K range — a local top-heavy zone that is now fully underwater.
👉 This cohort is likely to add near-term sell pressure as holders reassess positions during the correction.
This suggests roughly 580K BTC was accumulated in the $72.9K–$76.6K range — a local top-heavy zone that is now fully underwater.
👉 This cohort is likely to add near-term sell pressure as holders reassess positions during the correction.
Bitcoin was unable to maintain the $75,000 level and experienced a significant drop from there. Support is expected to be tested in the $71,000-$72,000 range, while resistance is now around the $75,000 mark.
#BTC/USDT ANALYSIS
BTC is currently retesting above the ascending triangle. A successful retest would be a sign of bullish momentum back in the market.
As long as the price is above the horizontal and the trendline support, the trend remains bullish.
BTC is currently retesting above the ascending triangle. A successful retest would be a sign of bullish momentum back in the market.
As long as the price is above the horizontal and the trendline support, the trend remains bullish.
#XLM/USDT ANALYSIS
XLM is gaining momentum from the horizontal support and is currently moving toward the trendline resistance.
An upward move is expected for however long it is trading above the horizontal support, while a solid breakout of the descending trendline would be a decent bullish confirmation.
XLM is gaining momentum from the horizontal support and is currently moving toward the trendline resistance.
An upward move is expected for however long it is trading above the horizontal support, while a solid breakout of the descending trendline would be a decent bullish confirmation.
ETHFI Analysis:
ETHFI has formed a double bottom and continued to react from the major support zone around $0.399–$0.419, while remaining within the downtrend channel pattern. Sellers are aggressive and have pushed the price below support, creating a shorting opportunity.
ETHFI has formed a double bottom and continued to react from the major support zone around $0.399–$0.419, while remaining within the downtrend channel pattern. Sellers are aggressive and have pushed the price below support, creating a shorting opportunity.
Bitcoin tested the upper resistance line of the channel and was rejected from there. The resistance is in the $78,000-$79,000 range, and a break above this level will push the price towards $85,000.
$BTC
$BTC
#XAI/USDT ANALYSIS
XAI is consolidating within a descending channel and is currently trading below the resistance trendline.
A strong breakout above the channel would confirm a bullish move and could trigger a solid rally.#XAI/USDT ANALYSIS
XAI is consolidating within a descending channel and is currently trading below the resistance trendline.
A strong breakout above the channel would confirm a bullish move and could trigger a solid rally.
XAI is consolidating within a descending channel and is currently trading below the resistance trendline.
A strong breakout above the channel would confirm a bullish move and could trigger a solid rally.#XAI/USDT ANALYSIS
XAI is consolidating within a descending channel and is currently trading below the resistance trendline.
A strong breakout above the channel would confirm a bullish move and could trigger a solid rally.
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