Get started

Btcdump

TRX/USDT:- Anticipating Correction towards Key Support Levels ?In this technical analysis, we delve into the price action of TRX/USDT, examining crucial resistance and support levels to decipher potential market movements. Resistance Area - 0.07800 - 0.07850 TRX/USDT has encountered a substantial resistance area at 0.07800 - 0.07850. This zone has historically posed as a formidable barrier halting upward price momentum. Anticipated Price Correction - 0.07100 - 0.07200 The potential correction is projected to lead the pair towards the support zone ranging from 0.07100 to 0.07200. This area holds significance due to its historical role as both a support and consolidation zone. Bearish Order Block Analysis - 0.07800 - 0.07850 Presently, TRX/USDT finds itself trading within a bearish order block, precisely coinciding with the resistance area at 0.07800 - 0.07850. This bearish order block signifies a cluster of price levels where selling pressure has outweighed buying activity. The alignment of this bearish order block with the resistance further strengthens the expectation of a downward movement. Stay informed, stay cautious, and keep a keen eye on the evolving market trends.
Short
by Un_trade
SOL/USDT:-Potential Bullish Reversal , Price Tests Key Support ? In this technical analysis, we'll examine the recent price action of SOL/USDT, focusing on crucial support and resistance levels. Buying Area and Expected Price Movement: SOL/USDT has found notable support within the range of 23.50 to 24. Traders should closely monitor this range, as it presents an optimal buying opportunity. Bullish Signal Confirmation: A significant sign of bullish strength is the scenario where the price breaches the lower boundary of the range, only to be reclaimed by buyers shortly afterward. This suggests strong buying interest and the potential for an upcoming bullish reversal. The SOL/USDT technical analysis suggests a potentially bullish scenario as the price tests the critical support range of 23.50-24. Traders should be watchful for a bounce towards the 26-27 levels. The bullish strength demonstrated by the price reclaiming the lower boundary of the range further supports this anticipated reversal. Follow our TradingView profile for more insights into SOL/USDT and other trading opportunities.
Long
by Un_trade
COMP/USDT: Bearish Divergence , Potential Downside to 50 ?Title: COMP/USDT Technical Analysis: Bearish Divergence Signals Potential Downside to 45-50 Levels In this technical analysis, we will examine the price action of COMP/USDT, focusing on critical resistance and support levels. Analysis: 1. Resistance Area - 80-86: The COMP/USDT pair has encountered strong selling pressure in the price range of 80-86. Repeated attempts to breach this zone have failed, indicating the presence of significant resistance. Traders should exercise caution during this range as a sustained breakout above 86 is necessary to establish a bullish trend. 2. Anticipated Price Decline - 45-50: Considering the prevailing resistance, a bearish scenario is likely. We expect the price to undergo a corrective phase, potentially leading to a decline towards the support range of 45-50. Traders looking to capitalize on short-term bearish opportunities may find potential profits within this price region. 3. RSI Bearish Divergence: The Relative Strength Index (RSI) is showing a bearish divergence, which further strengthens the case for a potential downside move. This divergence occurs when the price reaches higher highs while the RSI forms lower highs, signaling a loss of buying momentum and a possible trend reversal. 4. Trading in Distribution Zone - Bag-Buying Opportunity: The current distribution zone indicates a market phase where sellers are dominant. However, this zone also presents an opportunity for strategic buyers. For investors seeking to "buy the dip" and accumulate the asset for the long term, the price levels around 35-30 offer a potential "bag-buying" opportunity. Please note that trading involves risks, and it is essential to conduct thorough research and consider multiple indicators before making any trading decisions. Always use proper risk management strategies to protect your capital.
Short
by Un_trade
ETH/USDT: Analyzing Price Trends and Key Levels Introduction: In this technical analysis, we will delve into the ETH/USDT trading pair and explore crucial levels and patterns that can assist traders in making informed decisions. We will focus on the selling area at 1920 and 1940, anticipate a potential correction towards 1800, and analyze the significance of an inside bar formation within the selling area. 1. Selling Area at 1920 and 1940: ETH/USDT has encountered strong resistance at the price levels of 1920 and 1940. These levels have proven to be significant barriers in the recent price action, suggesting a higher probability of a downward price movement. We observe the formation of an inside bar within the selling area of 1920 and 1940. This formation reinforces the notion of a potential price reversal, as it indicates a period of consolidation and indecision among market participants 2. Expected Price Correction towards 1800: Considering the strong resistance mentioned above, we anticipate a price correction in the ETH/USDT pair. In this case, we expect the price to retreat towards the support level around 1800. This level has historically demonstrated a strong buying interest, making it a potential target for long positions or profit-taking for short trades. Conclusion: By analyzing the ETH/USDT trading pair, we have identified a significant selling area at 1920 and 1940, suggesting potential short opportunities. Furthermore, we anticipate a price correction towards the support level of 1800.
Short
by Un_trade
MATIC/USDT Analysis: Key Resistance but Higher Low Formation ? MATIC/USDT faces a notable resistance area within the range of 0.7000 - 0.7100. Traders should closely monitor price action around this zone, as it represents a crucial level that could influence the future price direction. Based on our technical analysis, a correction in price is anticipated for MATIC/USDT. Traders should consider potential levels within the range of 6300-6400 as an expected target for this correction. A positive aspect to note is the formation of higher lows in MATIC/USDT. Higher lows suggest that buying interest is gradually increasing, indicating potential strength in the underlying trend. This pattern of higher lows can serve as a technical signal for traders, potentially confirming the sustainability of the upward trend. In conclusion, MATIC/USDT encounters a critical resistance area between 0.7000 - 0.7100, which requires careful attention. Traders should prepare for a projected correction with potential targets within the range of 0.6300 - 0.6400. Additionally, the formation of higher lows indicates underlying strength in the trend.
MShort
by Un_trade