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Cryptocurrency

Want to see double top reversal ==> Here it is Bitcoin!!!!Double Top in Bitcoin Crypto market has shown bull and bear cycle in very short span of time. From rising from 10000 usd to 69000 usd and from 69000 usd to 16000 usd in span of around 2.1 years I think it is fastest reversal of any new tradable market. Double top means making almost two equal highs and failure of bull to make new high while bears pressure of continuous selling makes this pattern. Neckline is where bitcoin has taken support as seen in chart. Generally target from top to neckline is expected in double top. Let us see whether bitcoin makes new low from now to reach target as marked in chart.
CME:BTC1!
by Darshan_Panchal
BTC/USD - Weekly OverviewThe technical chart of Bitcoin reflects on the consolidation faced since the past week. On the chart, the consolidation rage is formbed between the price levels from $15.5K to $17K Considering the technical indicators, RSI level is facing strong resistance for a positive breakout above 50. Currently, the level is showcasing negative nature while residing at 39.92 at the time of writing. MACD level is also having a hard time to climb above the histogram. However, it should be noted that green bars with considerable density are being formed on the histogram which can result in a positive trend in the near term. The whole outlook for the world’s largest cryptocurrency is still skeptical with the current market conditions. However, BTC taking a breather and forming a consolidation zone might be the need of the hour in order to avoid further downfall. It is also have strong supports at $15K and $13K. In case of much needed upside, Bitcoin will face resistance around $17K and $19K.
COINBASE:BTCUSD
by TradeDog-Research
ETHUSD BULLISH IDEAETH managed to trade above the resistance and had recently broken our falling resistance, the next target for buy buyers will be 1258 as it's the closest resistance. Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
BITSTAMP:ETHUSDLong
by CELGIB_TRADING
ETHUSD Bearish forecastDespite the Dollar's weakness I am using supply demand scenario and Head and Shoulder from the close box was printed too hence i expect ETH to trade down to next support. Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
BITSTAMP:ETHUSDShort
by CELGIB_TRADING
2
LDO/USDT - Yearly OverviewThe technical chart of Lido DAO (LDO) highlights the rollercoaster price action. At the time of its initial launch, LDO token faced a significant downfall to the support zone around $0.50. This presented a rational buying opportunity for investors which resumed its bullish momentum and resulted in a new peak formation of around $3.00. The underlying fundamental behind the bullish move can be the anticipation of the Ethereum merge around that time. Since then, due to the overall market conditions, the LDO token has faced significant selling pressure at regular intervals. It should be noted that the price level is again near the support zone which on the previous stance provided a huge bounceback to Lido DAO. Considering the moving averages, MA-10 has faced a negative crossover against MA-20 and MA-50 which indicates that LDO is still facing selling pressure in the market. On the Fibonacci retracement table, the levels must maintain sustainability above 0.786 FIB level and look to break above 0.5 FIB level in the long term. The RSI level is unable to maintain sustainability above 50 which suggests that LDO has faced selling pressure as soon as there’s a profit-booking opportunity for its investors. Considering the key statistics, resistance levels for LDO can be placed at $1.50 and $2.00 whereas the support levels can be placed at $1.00 and $0.50.
BINANCE:LDOUSDLong
by TradeDog-Research
APT/USD - Weekly OverviewThe technical chart of Aptos (APT) token reflects the initial buying volume gathered which led to its new all-time high. However, since then, the coin has faced significant selling sentiment at regular intervals which eventually led to a downfall below the 0.236 FIB level. Since then, the price level was not able to have a positive breakout above the Fibonacci level. Considering the technical indicators, it could be noticed the RSI level had a hard time sustaining above the level of 50 which implies that APT had not received constant buying volume from investors. The same goes for the MACD level which barely spent time above the histogram. However, considering the current trend, green bars have started to formulate on the histogram which could provide Aptos some positive momentum in the near term. Overall, the price level needs to have a positive breakout above the resistance levels of $5.00 and $6.00. On the contrary, if it faces further downfall, support levels can be placed at $4.00 and $3.00.
COINBASE:APTUSD
by TradeDog-Research