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$SOL analysis shows the current price near $131.62, trading close to a key support zone. The $121.66 $130 area is considered strong support, as price previously bounced from this level. Buying
opportunities may appear if price moves into this zone. MACD is still bearish, but a bullish crossover and green histogram would signal upward momentum. RSI (6) is at 24.78, indicating oversold conditions, move above 30 would confirm a potential bounce. Risk can be managed with a stop Loss at $118- $120, while targets are $144.07 and $173.08.
#SOL #TradingSetup
#RiskManagment #RSI #MACD
opportunities may appear if price moves into this zone. MACD is still bearish, but a bullish crossover and green histogram would signal upward momentum. RSI (6) is at 24.78, indicating oversold conditions, move above 30 would confirm a potential bounce. Risk can be managed with a stop Loss at $118- $120, while targets are $144.07 and $173.08.
#SOL #TradingSetup
#RiskManagment #RSI #MACD
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$ETH
🎯 The MACD whispers of a change!
The MACD indicator is still negative (-1.10), but it is narrowing the gap between the signal lines. This narrowing is the first sign of sellers losing control. If the MACD reverses, a strong upward movement is coming. Are you anticipating the buy signal?
#MACD #TechnicalAnalysis
🎯 The MACD whispers of a change!
The MACD indicator is still negative (-1.10), but it is narrowing the gap between the signal lines. This narrowing is the first sign of sellers losing control. If the MACD reverses, a strong upward movement is coming. Are you anticipating the buy signal?
#MACD #TechnicalAnalysis
$ETH
🎯 MACD Whispers of a Turnaround!
The MACD indicator is still negative (-1.10) but the gap between the two lines is narrowing. This narrowing is the first sign that sellers are losing control. If MACD flips, a strong rally is imminent. Are you front-running the buy signal?
#MACD #TechnicalAnalysis
🎯 MACD Whispers of a Turnaround!
The MACD indicator is still negative (-1.10) but the gap between the two lines is narrowing. This narrowing is the first sign that sellers are losing control. If MACD flips, a strong rally is imminent. Are you front-running the buy signal?
#MACD #TechnicalAnalysis
MACD Basics and the Common Mistakes Traders Make
MACD is one of the most popular indicators in trading, but also one of the most misunderstood. Many traders use it daily without really knowing what it shows. They wait for crosses, enter trades, and then feel confused when price does the opposite. The problem is not MACD itself. The problem is how people expect it to work.
MACD stands for Moving Average Convergence Divergence. In simple words, it measures momentum. It shows whether momentum is increasing or decreasing and how fast price is moving compared to its recent past.
MACD is built from moving averages. It compares a faster moving average with a slower one. When the fast one moves away from the slow one, momentum is strong. When they come closer, momentum is weakening. That is all MACD is trying to show.
The MACD line crossing the signal line does not mean price must reverse. It means momentum is shifting. Many beginners treat every cross as a buy or sell signal. This leads to overtrading and frustration, especially in choppy markets where MACD crosses frequently.
One of the biggest mistakes is using MACD without trend context. In strong uptrends, bearish MACD crosses often happen during normal pullbacks. Selling just because of a cross means exiting good trades too early. In downtrends, bullish crosses often fail and trap buyers.
Another common mistake is using MACD on very small timeframes. On low timeframes, MACD reacts quickly and creates noise. It shows many signals, but most of them are weak. Higher timeframes give cleaner and more meaningful MACD information because they represent more participants and more capital.
Many traders also ignore the histogram. The histogram shows the distance between the MACD line and the signal line. It is a visual way to see momentum strength. Shrinking histogram bars mean momentum is slowing. Expanding bars mean momentum is increasing. Ignoring this and focusing only on crosses removes half the value of MACD.
MACD divergence is another area where mistakes happen. Divergence does not guarantee reversal. It shows that momentum is weakening, not that price must change direction immediately. Price can continue moving even with divergence, especially in strong trends.
Another mistake is expecting MACD to predict price. MACD is a lagging indicator. It reacts to what price has already done. Its value comes from confirmation, not prediction. Using it to confirm structure, trend, or volume makes it more reliable.
MACD works best when combined with simple tools. Support and resistance, trend direction, and volume give context. MACD then helps confirm whether momentum supports the idea or not.
Traders who struggle with MACD usually expect certainty. MACD does not offer certainty. It offers clues.
When used correctly, MACD helps you stay in strong trends longer and avoid trades when momentum is weak. When misused, it creates hesitation and late entries.
MACD is not a signal machine. It is a momentum mirror.
If you stop forcing trades based on crosses and start reading MACD as behavior, it becomes a helpful tool instead of a confusing one.
#MACD #crypto
#BinanceBlockchainWeek
MACD stands for Moving Average Convergence Divergence. In simple words, it measures momentum. It shows whether momentum is increasing or decreasing and how fast price is moving compared to its recent past.
MACD is built from moving averages. It compares a faster moving average with a slower one. When the fast one moves away from the slow one, momentum is strong. When they come closer, momentum is weakening. That is all MACD is trying to show.
The MACD line crossing the signal line does not mean price must reverse. It means momentum is shifting. Many beginners treat every cross as a buy or sell signal. This leads to overtrading and frustration, especially in choppy markets where MACD crosses frequently.
One of the biggest mistakes is using MACD without trend context. In strong uptrends, bearish MACD crosses often happen during normal pullbacks. Selling just because of a cross means exiting good trades too early. In downtrends, bullish crosses often fail and trap buyers.
Another common mistake is using MACD on very small timeframes. On low timeframes, MACD reacts quickly and creates noise. It shows many signals, but most of them are weak. Higher timeframes give cleaner and more meaningful MACD information because they represent more participants and more capital.
Many traders also ignore the histogram. The histogram shows the distance between the MACD line and the signal line. It is a visual way to see momentum strength. Shrinking histogram bars mean momentum is slowing. Expanding bars mean momentum is increasing. Ignoring this and focusing only on crosses removes half the value of MACD.
MACD divergence is another area where mistakes happen. Divergence does not guarantee reversal. It shows that momentum is weakening, not that price must change direction immediately. Price can continue moving even with divergence, especially in strong trends.
Another mistake is expecting MACD to predict price. MACD is a lagging indicator. It reacts to what price has already done. Its value comes from confirmation, not prediction. Using it to confirm structure, trend, or volume makes it more reliable.
MACD works best when combined with simple tools. Support and resistance, trend direction, and volume give context. MACD then helps confirm whether momentum supports the idea or not.
Traders who struggle with MACD usually expect certainty. MACD does not offer certainty. It offers clues.
When used correctly, MACD helps you stay in strong trends longer and avoid trades when momentum is weak. When misused, it creates hesitation and late entries.
MACD is not a signal machine. It is a momentum mirror.
If you stop forcing trades based on crosses and start reading MACD as behavior, it becomes a helpful tool instead of a confusing one.
#MACD #crypto
#BinanceBlockchainWeek
CAKE: Current Market Situation
Positive Side : The price is rising and crossing above the MA 60 near the end of the chart and the MACD is giving a weak bullish signal, suggesting a possibility of maintaining upward momentum in the short-term.
Negative Side : The values for MACD and RSI are very faint (close to zero ), which keeps the market volatile and the risk of a quick reversal. There is a lack of strong and sustained momentum.
#CAKE #PancakeSwap
#Altcoin #MACD #RSI
Positive Side : The price is rising and crossing above the MA 60 near the end of the chart and the MACD is giving a weak bullish signal, suggesting a possibility of maintaining upward momentum in the short-term.
Negative Side : The values for MACD and RSI are very faint (close to zero ), which keeps the market volatile and the risk of a quick reversal. There is a lack of strong and sustained momentum.
#CAKE #PancakeSwap
#Altcoin #MACD #RSI
MACD helps identify trend direction and momentum. Crossovers are often used to spot potential entries or exits.
#MACD #TrendAnalysis #CryptoCharts
$BTC
#MACD #TrendAnalysis #CryptoCharts
$BTC
Boring Bitcoin's Green Light Moment Incoming?
BTC is continuing to bore traders with its sideways movement. However, some indicators are prompting a return to optimism.
What to know:
A recent rate cut by the Federal Reserve had little effect on the bitcoin price, which is still directionless.
Bitcoin’s MACD histogram is bearish, whereas the dollar index's is bearish as well.
“The ETF flows continue to disappoint,” wrote Michael Hartnett
#BTC #etf #MACD
BTC is continuing to bore traders with its sideways movement. However, some indicators are prompting a return to optimism.
What to know:
A recent rate cut by the Federal Reserve had little effect on the bitcoin price, which is still directionless.
Bitcoin’s MACD histogram is bearish, whereas the dollar index's is bearish as well.
“The ETF flows continue to disappoint,” wrote Michael Hartnett
#BTC #etf #MACD
$FOLKS USDT BEARISH TECHNICAL SETUP – MOMENTUM EXHAUSTION & DOWNSIDE RISK
After an aggressive parabolic rally, $FOLKSUSDT is showing clear signs of trend weakness and distribution. Price is now trading below short-term EMAs (7 & 25), while the broader trend remains fragile despite being above EMA-99. This structure suggests a corrective bearish phase is likely before any sustainable continuation.
Technical Breakdown
EMA Structure: EMA(7) < EMA(25) → short-term bearish crossover
Momentum: MACD histogram negative with DIF below DEA → bearish momentum building
RSI(6): Near oversold zone → weak buying strength, rallies likely to be sold
Market Structure: Strong rejection from upper resistance zone, forming a lower high bias
📉 SHORT SETUP
Entry Zone: 36.5 – 38.0 (pullback into resistance)
Targets:
TP1: 31.20
TP2: 26.30
TP3: 20.00
Stop Loss: 42.50 (above key rejection & invalidation level)
Market Outlook:
Unless price reclaims and sustains above the short-term EMAs with volume confirmation, selling pressure is expected to dominate, favoring continuation toward lower demand zones.
Risk Management:
Use low leverage, risk only 1–2% per trade, and trail stop loss after TP1 to protect capital.
#TechnicalAnalysis #CryptoTrading #PriceAction #MACD #RSI
$FOLKS
After an aggressive parabolic rally, $FOLKSUSDT is showing clear signs of trend weakness and distribution. Price is now trading below short-term EMAs (7 & 25), while the broader trend remains fragile despite being above EMA-99. This structure suggests a corrective bearish phase is likely before any sustainable continuation.
Technical Breakdown
EMA Structure: EMA(7) < EMA(25) → short-term bearish crossover
Momentum: MACD histogram negative with DIF below DEA → bearish momentum building
RSI(6): Near oversold zone → weak buying strength, rallies likely to be sold
Market Structure: Strong rejection from upper resistance zone, forming a lower high bias
📉 SHORT SETUP
Entry Zone: 36.5 – 38.0 (pullback into resistance)
Targets:
TP1: 31.20
TP2: 26.30
TP3: 20.00
Stop Loss: 42.50 (above key rejection & invalidation level)
Market Outlook:
Unless price reclaims and sustains above the short-term EMAs with volume confirmation, selling pressure is expected to dominate, favoring continuation toward lower demand zones.
Risk Management:
Use low leverage, risk only 1–2% per trade, and trail stop loss after TP1 to protect capital.
#TechnicalAnalysis #CryptoTrading #PriceAction #MACD #RSI
$FOLKS
My 30 Days' PNL
2025-11-15~2025-12-14
+$0.99
+29.05%
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🚀 $INIT 🔥 MACD Booming, But The RSI Is On Fire! 🔥
Initia (INIT) in a strong technical rally with MACD rising! The community is super optimistic aiming for $0.50! 🎯
⚠️ ALERT: The RSI6 is at 77.58! OVERBOUGHT! 🚨 Beware of the correction!
Key Points:
BULLISH: MACD Crossover + EMAs aligned.
SUPPORT: Community defends $0.0925.
RISK: Volume = Zero. We do not know the real strength of this movement!
Trade with caution. Past volatility does not forgive! 👀
#Initia #INIT #Crypto #RSI #MACD
Initia (INIT) in a strong technical rally with MACD rising! The community is super optimistic aiming for $0.50! 🎯
⚠️ ALERT: The RSI6 is at 77.58! OVERBOUGHT! 🚨 Beware of the correction!
Key Points:
BULLISH: MACD Crossover + EMAs aligned.
SUPPORT: Community defends $0.0925.
RISK: Volume = Zero. We do not know the real strength of this movement!
Trade with caution. Past volatility does not forgive! 👀
#Initia #INIT #Crypto #RSI #MACD
$JELLYJELLY USDT – MEGA VOLUME ALERT! Potential Reversal Play Forming! 🚀
Check out JELLY! It's showing insane activity with over 3.35B tokens traded in 24 hours! Price is pulling back sharply from the daily high, creating a potential high-risk, high-reward entry point for a bounce. This isn't just noise—it's a liquidity event.
📊 Critical Indicators Show a Divergence:
· RSI(6) is high at ~75.38, suggesting the recent dip was overextended and a cooldown is happening.
· However, RSI(14) is a more moderate ~61.7, indicating the broader trend might still have strength.
· MACD has turned POSITIVE (0.00643) with the DIF crossing above the DEA! This is a key bullish shift on the chart.
· Price is testing a vital zone near the 24h low.
This signals a potential bullish reversal if this support level holds. The massive sell-off might be exhausting itself.
🎯 Actionable Trade Forecast (Counter-Trend Bounce):
· Direction: LONG (Anticipating a bounce from oversold conditions)
· Entry Zone: $0.0760 - $0.0790 (Near current last price)
· Take Profit (TP1): $0.0880 | TP2:$0.0950 (Gap fill towards 24h high)
· Stop Loss (SL): $0.0735 (A break below the 24h low invalidates the bounce thesis)
The play? Catch the knife with a tight stop, aiming for a swift rebound fueled by that colossal volume and the fresh MACD cross. The risk is high, but the reward could be swift!
Think you can time the bounce? Trade $JELLYJELLY / $USDT Now! Follow & turn 🔔 on for live insights! ✅
#JELLYJEELY #JELLYUSDT #Crypto #Trading #Altcoin #Binance #Signal #Volume #MACD #RSI
Check out JELLY! It's showing insane activity with over 3.35B tokens traded in 24 hours! Price is pulling back sharply from the daily high, creating a potential high-risk, high-reward entry point for a bounce. This isn't just noise—it's a liquidity event.
📊 Critical Indicators Show a Divergence:
· RSI(6) is high at ~75.38, suggesting the recent dip was overextended and a cooldown is happening.
· However, RSI(14) is a more moderate ~61.7, indicating the broader trend might still have strength.
· MACD has turned POSITIVE (0.00643) with the DIF crossing above the DEA! This is a key bullish shift on the chart.
· Price is testing a vital zone near the 24h low.
This signals a potential bullish reversal if this support level holds. The massive sell-off might be exhausting itself.
🎯 Actionable Trade Forecast (Counter-Trend Bounce):
· Direction: LONG (Anticipating a bounce from oversold conditions)
· Entry Zone: $0.0760 - $0.0790 (Near current last price)
· Take Profit (TP1): $0.0880 | TP2:$0.0950 (Gap fill towards 24h high)
· Stop Loss (SL): $0.0735 (A break below the 24h low invalidates the bounce thesis)
The play? Catch the knife with a tight stop, aiming for a swift rebound fueled by that colossal volume and the fresh MACD cross. The risk is high, but the reward could be swift!
Think you can time the bounce? Trade $JELLYJELLY / $USDT Now! Follow & turn 🔔 on for live insights! ✅
#JELLYJEELY #JELLYUSDT #Crypto #Trading #Altcoin #Binance #Signal #Volume #MACD #RSI
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🔥 MACD: INSTITUTIONAL MACD GOLDEN CROSS: THE SIGNAL THAT ANTICIPATES BIG MOVEMENTS 🔥
The Institutional MACD is a version of the classic MACD (Moving Average Convergence Divergence) indicator, but applied to institutional charts and macro timeframes — often weekly or monthly — to analyze the momentum of the strong hands in the market.
While the traditional MACD measures the strength of the trend in the short term, the Institutional MACD reveals the behavior of large financial entities that move significant volumes.
Recently, this indicator signaled a Golden Cross, which is the bullish crossover between the MACD line and its average, an event that historically anticipates broad trend expansions.
👉 What does this signal imply?
The long-term momentum is changing direction. The price is still compressed, suggesting strong breakout potential.
Institutions are positioning themselves before the retail market notices.
In essence, the price follows the positioning, not the opinions: when the Institutional MACD crosses upward, it is often the beginning of a new phase of price expansion.
#BREAKING #bitcoin $BTC #MACD #Institucional
The Institutional MACD is a version of the classic MACD (Moving Average Convergence Divergence) indicator, but applied to institutional charts and macro timeframes — often weekly or monthly — to analyze the momentum of the strong hands in the market.
While the traditional MACD measures the strength of the trend in the short term, the Institutional MACD reveals the behavior of large financial entities that move significant volumes.
Recently, this indicator signaled a Golden Cross, which is the bullish crossover between the MACD line and its average, an event that historically anticipates broad trend expansions.
👉 What does this signal imply?
The long-term momentum is changing direction. The price is still compressed, suggesting strong breakout potential.
Institutions are positioning themselves before the retail market notices.
In essence, the price follows the positioning, not the opinions: when the Institutional MACD crosses upward, it is often the beginning of a new phase of price expansion.
#BREAKING #bitcoin $BTC #MACD #Institucional
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$EUL
📉 MACD is negative and the overall momentum is weak.
The histogram has started to return to red, indicating continued selling pressure.
Entering now requires high risk management.
#MACD #CryptoSignals #EUL
📉 MACD is negative and the overall momentum is weak.
The histogram has started to return to red, indicating continued selling pressure.
Entering now requires high risk management.
#MACD #CryptoSignals #EUL
🚀 $TRUTH USDT Chart Analysis & Price Forecast: Potential Reversal Incoming! 📈
The $TRUTH token on the 1-hour chart has shown significant volatility, recently hitting a low of $0.008676 and attempting a strong bounce-back to the current price of $0.016395. This level, despite the -26.27% 24h change, is a crucial pivot point.
Looking at the technical indicators, we see a compelling setup that suggests a potential short-term reversal and opportunity:
MACD (Moving Average Convergence Divergence): The MACD line (DIF: -0.002089) is still below the Signal line (DEA: -0.002158), but the MACD Histogram (0.000069) has crossed into positive territory! This is an early bullish sign, indicating momentum is shifting to the upside after an extended downtrend.
Stochastics (K/D/J): The Stochastic Oscillator lines (K: 44.68, D: 35.39, J: 63.25) are rising and moving out of the oversold region. The J-line being significantly higher suggests strong, short-term buying pressure is already active.
RSI (Relative Strength Index): Both RSI(6) at 47.71 and RSI(14) at 45.89 are approaching the 50-level, confirming that selling pressure is waning and the market is moving towards a neutral-to-bullish momentum zone.
TRADING FORECAST: Short-Term Long Opportunity
Given the confluence of rising Stochastics and the MACD histogram turning green, a short-term long trade may be initiated, targeting a recovery to recent resistance.
Action: LONG $TRUTH USDT Now! 🔔
Entry Zone: $0.01600 - $0.01640 (Current Price)
Take Profit 1 (T1): $0.02150 (Targeting a move to test the previous high resistance)
Take Profit 2 (T2): $0.02450 (A full retest of the 24h high)
Stop Loss (SL): $0.01450 (Placed below the nearest support and swing low structure to protect capital)
Risk Management is Key! Always use an appropriate stop loss and risk only what you can afford to lose. This is a high-risk, high-reward altcoin trade.
Trade Smart. Trade Responsibly. Follow & turn 🔔 on ✅
#TRUTH #TRUTHUSDT #CryptoSignals #TechnicalAnalysis #MACD
The $TRUTH token on the 1-hour chart has shown significant volatility, recently hitting a low of $0.008676 and attempting a strong bounce-back to the current price of $0.016395. This level, despite the -26.27% 24h change, is a crucial pivot point.
Looking at the technical indicators, we see a compelling setup that suggests a potential short-term reversal and opportunity:
MACD (Moving Average Convergence Divergence): The MACD line (DIF: -0.002089) is still below the Signal line (DEA: -0.002158), but the MACD Histogram (0.000069) has crossed into positive territory! This is an early bullish sign, indicating momentum is shifting to the upside after an extended downtrend.
Stochastics (K/D/J): The Stochastic Oscillator lines (K: 44.68, D: 35.39, J: 63.25) are rising and moving out of the oversold region. The J-line being significantly higher suggests strong, short-term buying pressure is already active.
RSI (Relative Strength Index): Both RSI(6) at 47.71 and RSI(14) at 45.89 are approaching the 50-level, confirming that selling pressure is waning and the market is moving towards a neutral-to-bullish momentum zone.
TRADING FORECAST: Short-Term Long Opportunity
Given the confluence of rising Stochastics and the MACD histogram turning green, a short-term long trade may be initiated, targeting a recovery to recent resistance.
Action: LONG $TRUTH USDT Now! 🔔
Entry Zone: $0.01600 - $0.01640 (Current Price)
Take Profit 1 (T1): $0.02150 (Targeting a move to test the previous high resistance)
Take Profit 2 (T2): $0.02450 (A full retest of the 24h high)
Stop Loss (SL): $0.01450 (Placed below the nearest support and swing low structure to protect capital)
Risk Management is Key! Always use an appropriate stop loss and risk only what you can afford to lose. This is a high-risk, high-reward altcoin trade.
Trade Smart. Trade Responsibly. Follow & turn 🔔 on ✅
#TRUTH #TRUTHUSDT #CryptoSignals #TechnicalAnalysis #MACD
📊 $BTR USDT 15-Minute Bullish MACD Alert!** 🚀
**Trade Setup:**
🔹 **Entry Price:** 0.026600
🔹 **Stop Loss:** 0.026100
🔹 **Target Price:** 0.027049
A strong **bullish MACD divergence** has been detected on **BTRUSDT** in the **15-minute timeframe**, signaling a potential short-term breakout.
⚠️ **Risk Warning:** Always trade responsibly. This post is for **informational purposes only** and **does not constitute financial advice**.
#BTRUSDT #MACD #CryptoTrading #BinanceSquare #2025Trends
**Trade Setup:**
🔹 **Entry Price:** 0.026600
🔹 **Stop Loss:** 0.026100
🔹 **Target Price:** 0.027049
A strong **bullish MACD divergence** has been detected on **BTRUSDT** in the **15-minute timeframe**, signaling a potential short-term breakout.
⚠️ **Risk Warning:** Always trade responsibly. This post is for **informational purposes only** and **does not constitute financial advice**.
#BTRUSDT #MACD #CryptoTrading #BinanceSquare #2025Trends
#BITCOIN #bearish #MACD CROSS? LOOK CLOSER.
Last time this happened after #QT ended?
Bitcoin ripped +600%.
This is not 2021.
This is 2019 on steroids.
Monthly MACD crossed
Price held the 20MA
Macro fuel just returned
The crowd sees a trap.
Smart money sees a #Launchpad
Last time this happened after #QT ended?
Bitcoin ripped +600%.
This is not 2021.
This is 2019 on steroids.
Monthly MACD crossed
Price held the 20MA
Macro fuel just returned
The crowd sees a trap.
Smart money sees a #Launchpad
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#PEPE The market has started to stir again in the past couple of days, with prices being pushed up to around $0.00000456, a 24-hour increase of 2.6%. Although trading volume surged to $37.31 million, overall interest is slightly weaker than in previous days. Looking at the daily chart, the RSI has dropped to 44, giving a sense that it may weaken at any moment; the SMA is also suggesting that short-term volatility may increase, creating a feeling of 'wanting to rise but not daring to rush.'
Looking at the 4-hour chart, the bulls are currently holding onto the 20EMA, while the bears are lurking near the key support level. The breakeven point indicator is in the bearish zone, and #MACD has also begun to weaken, with red bars gradually appearing, boosting the bears' confidence. In simple terms, the buyers haven't given up yet, but the sellers are ready to strike at any moment, and we may soon see a more intense directional choice. Keep an eye on the chart, as this wave is about to make its stance.
Looking at the 4-hour chart, the bulls are currently holding onto the 20EMA, while the bears are lurking near the key support level. The breakeven point indicator is in the bearish zone, and #MACD has also begun to weaken, with red bars gradually appearing, boosting the bears' confidence. In simple terms, the buyers haven't given up yet, but the sellers are ready to strike at any moment, and we may soon see a more intense directional choice. Keep an eye on the chart, as this wave is about to make its stance.
The Fed cuts rates again, but bitcoin doesn’t have a strong reaction. BTC is still stuck in sideways action and traders are waiting for a breakout. It seems that the chart hasn’t changed much from before the rate cut.
At present, BTC is within a rising short-term channel, overall trending downwards. Breaking out above the larger trend line would be an indication that the downtrend might be ending. A break below the short-term channel would indicate more falls.
The MACD histogram is about to cross above zero, indicating an increase in bearish momentum. However, the dollar index itself reached its weakest level within weeks and its MACD is below zero. It should be noted that a weak dollar index can be supportive of risk markets.
The Nasdaq has also broken above its main averages again. All these are helping factors for the crypto market. The sellers appear exhausted as the price maintains an upright position despite some bad news on BTC.
Break-out levels for BTC would be between ninety seven thousand and one hundred eight thousand. But there are still some issues regarding low ETF inflows. Net inflows have maintained low levels for a month.
A breach below the small rising channel would still provide an opening towards support at about eighty thousand. Until then, both scenarios remain on the cards.
#Bitcoin #CryptoNews #TechnicalAnalysis #CryptoMarket #MACD $BTC
At present, BTC is within a rising short-term channel, overall trending downwards. Breaking out above the larger trend line would be an indication that the downtrend might be ending. A break below the short-term channel would indicate more falls.
The MACD histogram is about to cross above zero, indicating an increase in bearish momentum. However, the dollar index itself reached its weakest level within weeks and its MACD is below zero. It should be noted that a weak dollar index can be supportive of risk markets.
The Nasdaq has also broken above its main averages again. All these are helping factors for the crypto market. The sellers appear exhausted as the price maintains an upright position despite some bad news on BTC.
Break-out levels for BTC would be between ninety seven thousand and one hundred eight thousand. But there are still some issues regarding low ETF inflows. Net inflows have maintained low levels for a month.
A breach below the small rising channel would still provide an opening towards support at about eighty thousand. Until then, both scenarios remain on the cards.
#Bitcoin #CryptoNews #TechnicalAnalysis #CryptoMarket #MACD $BTC
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