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BTCUSDT

uma price preditionThe chart shows the price of UMA/USDT on the Binance exchange over the past two hours. The price is currently 5.21 USDT, down 1.27% from the previous day. The chart shows a few technical indicators, including the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The RSI is currently below 30, which is considered oversold territory. This could indicate that the price is due for a correction. The MACD is also bearish, which suggests that downward momentum is currently stronger than upward momentum. Overall, the technical indicators suggest that the price of UMA/USDT is likely to continue to decline in the short term. However, it is important to remember that technical analysis is not always accurate, and other factors, such as news events or changes in market sentiment, could also affect the price.
Long
by CryptoTechAnalyzer
1
btcusdtThe downward trend of BTCUSDT continued on Wednesday, surpassing the psychological support level of $40,000 and trading around $39,600. The strong support for further decline is evident as it trades below both EMA lines and shows clear reversal signals from the EMA 34. Based on chart analysis and the use of Fibonacci, there is a potential for a DOW (Dead Cat Bounce) after the corrective phase. The low point below the 1.618 level (around $35,100) would be the first profit-taking opportunity for sellers at the current time and in the scenario mentioned above.
Short
by RKarina
BTCUSDT: What will happen this week?Dear friends, as predicted earlier, BTCUSDT continues its downward trend, currently at $41,178, marking a decrease of nearly 1.08% for the day. Technical analysis indicates that BTC has been unable to surpass the crucial resistance level at $43,600. Furthermore, the convergence of EMA and the resistance zone at $42,238 further suggests the possibility of further decline. If BTCUSDT breaks below the strong support level at $40,200, we may witness a significant drop compared to the initial profit-taking point of around $37,700 for sellers, as there is no solid support to reverse the previous trend. What are your thoughts on how BTCUSDT will evolve in the near future?
Short
by RKarina
BTCUSDTHello dear friends! Yesterday, BTCUSDT continued its downward trend, with the price dropping to $41,284 and approaching the strong support level of $40,500. This is a significant price level that has helped BTCUSDT rebound multiple times. If the price continues to decline further and breaks through this support zone, it will quickly drop to $37,700. The overall trend of BTCUSDT is still uncertain, so be cautious when trading by setting your take profit (TP) and stop loss (SL) levels accordingly!
Short
by RKarina
1
BTCUSDT: Increase or decrease in priceToday, after a sharp decline in BTCUSDT prices over the previous weekend, it has entered a period of consolidation with little price movement in the first two days of this week. The price is currently trading around $42,800 and mostly sideways, with a resistance level at $43,430 and a support level at $42,100. The EMA 34 and 89 signals continue to reinforce the bearish momentum of the cryptocurrency market. Breaking the current support levels, namely $42,083 and confirming a breakout below the next support level at $41,506, will significantly push the price down to around $39,000. Wishing you successful trades
Short
by RKarina
BTCUSDT: suddenly turned down in priceLet's take a fresh look at BTCUSDT today. After a sudden drop last weekend, from a high of $48,900, BTCUSDT has slipped down to $42,666. Technical analysis suggests that the bearish side is now taking control, with BTC dropping nearly $6,000 in a short period of time. The 4-hour chart and EMA 34 indicate a continued downward trend. Given the current scenario, a selling strategy with a short-term target of $40,700 is being considered. What about you? What are your predictions and strategies for the next moves of BTCUSDT?
Short
by RKarina
BTCUSDT: Exploding increase in valueToday, the BTC is continuing to consolidate significant price increases, with the current trading price standing at $46,516 at the time of writing. From a technical standpoint on the 4-hour chart, using the excellent tool called Fibonacci extension by Trading View based on trends, it shows that the current trend is bullish, with a relatively stable trading environment and minimal volatility. However, there are signs indicating that the price is approaching a previously broken resistance level once again. If this happens, it could serve as a stepping stone for further price increases as the current upward trend is still intact.
Long
by RKarina
BTCUSDT: bullish trade with DOW wave?Dear friends, as predicted by RKarina, the price has escaped from the sideways box pattern and has experienced a significant increase. Currently, BTCUSDT is trading around the $46,000 mark and is undergoing a correction phase after breaking through the resistance level at $45,500. Assuming this is a price behavior, BTCUSDT is expected to continue rising after the correction is over and use this level as a new support. From a fundamental analysis perspective, the price is still in wave 1 of an upward trend, although no corrections have occurred yet. Therefore, RKarina's target is $50,000 or higher at the Fibonacci 0.168 level ($52,275). What are your thoughts on this?
Long
by RKarina
BTCUSDT: Upward momentum remains the sameHello dear friends! Therefore, after BTCUSD surged to $45,800, the price began to adjust itself, and at the time of writing, it is trading steadily around $43,300. From the analysis chart, we can see that the upward trend, although not as strong as before, is still intact. BTCUSDT is currently aiming to test around the Fibonacci 0.618 level. Once again, we can hope that the price will recover from this level with an expected increase to $59,488. What are your thoughts on BTCUSDT?
Long
by RKarina