Cryptocurrency
BTC BEARISH SCENARIO WHICH IS GOING TO PLAYIn above chart, We can see a trend line acting as a support and resistance for about a year. Above trend line acted as support for about 4 times. After price broke out of trend line now the price is going for a retest. Thus we are going to see more downside in price
38$ Soon ?? ICP Price Prediction -2022Internet Computer ( ICP ) holds the 38th position on Coin Gecko right now. ICP price prediction 2022 is explained below with a daily time frame
The above ICP daily chart laid out a Descending Trend Line Breakout, also known as the Falling Resistance Trend Line . The upper trendlines connect the Lower High. This pattern is generally a characteristic of a bullish trend . We can expect a breakout from the 5th Resistance Zone .
Currently, ICP is trading at $8.63.
The breakout Level of ICP is $10.50,
If the price has breached the breakout level, then the price of ICP might reach the next resistance level of $22.39 and $38.54. If the trend reverses, then the price of ICP may fall to $5.00
Internet Computer ( ICP ) Support and Resistance Levels
The chart below shows the support and resistance levels of Internet Computer ( ICP ).
Resistance Level 1 $10.50
Resistance Level 2 $22.39
Resistance Level 3 $38.51
Support Level $5.00
The charts show that ICP has performed a bearish trend over the past month. If this trend continues on the higher side, ICP might run along with the bulls overtaking its resistance level at $10.50.
Based on the recent volume it shows some good signs in the current market.
Will see after Breakout Thanks
Happy Trading!!!! Trading View India community
BTCUSDT Analysis for 03/08/2022 by DMFX partner of OCTAFX With reference to the BTCUSDT Performance, I am providing the Analysis Based on SMA, Resistance, Support, and RSI
Weekly Analysis -
Bitcoin has made a decent comeback after a long/ Big fall in the Period of April to June ( 48000 USD to 20000 USD ) It started gaining momentum again / The bulls are going to take it back from last few weeks i.e. From 20000 USD to 23000 USD. Continuous 4 candles rally that is bullish.
In the last week, it has made a Spinning Top candle that gave some indecision in the market or The present ongoing trend is weakening.
We need to wait for the market to give a proper trend that can be Bullish or Bearish.
Daily Analysis:
Looks very bullish as the past 5 candles look promising that bulls are not going to book profit. they want to push the market to further figures
but is in the Consolidation phase between two channels / Parallel channels it has to come out for confirmation of direction.
stay tuned for more analysis like share and Comment
NEAR PRICE PREDICTION Taking the daily frame you will notice a support zone at the 2.6 - 3 $ region, now
since when we have fall down from 5$ we never reached close to it
we go to 4.7 or 4.8 and fall back to the support zone of 3 - 3.6 $
And i personally think the same will happen in august as it is happening in a bear market for long
we will be revolving bw 3 to 5 $ and we will end the month close to 4$
And thus my price prediction for the end of august is 4$ .
Bitcoin : Price Predictive AnalysisThe above chart of Bitcoin (BTCUSDT) laid out a Cup and Handle pattern (Bullish Pattern) . In a Cup and Handle pattern, the price movement forms a U-shaped Cup and then a subsequent price drift downwards forms a handle.
This pattern in general is characteristic of a Bullish trend. If the price breakout and moves towards the uptrend, the bullish pattern is expected to continue.
Currently, Bitcoin (BTCUSDT) is at $23165( Above the Breakout Level). If the pattern continues on the higher trend, then the price of Bitcoin (BTCUSDT) might reach the resistance level (Measured Length) of $29275, If the trend reverses, then the price of Bitcoin (BTCUSDT) may fall to $21460.
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Bitcoin (BTCUSDT).
Resistance Level 1 $23820
Resistance Level 2 $25830
Resistance Level 3 $26850
Resistance Level 4 $29275
Support Level 1 $21460
Support Level 2 $18673
Bitcoin (BTCUSDT) Resistance & Support Level
MBOX USDT - BREAKOUT CHARTNearly four months of huge sell off, MBOX seem to be in trading range of $0.55 - $0.710, It tested it's resistance at 0.71 TODAYS MORNING. If consecutive wide candle with above average volume may took mbox to bullish sentiment.
Accumulated period for mbox seems to be over!!
Weekly Analyze of Crypto Investing in July, 2022This week, the popularity of the crypto market has increased, and the market has broken through with the trend, and the trend is expected to remain.
BTC’s daily breakout and step back verification trend extended to the weekly line, and finally it successfully stopped falling and completed another breakthrough. The daily line returns to the upward trend, and there is a certain resistance on the upper edge of the upward channel constructed. The support range is 22000-22500, and the pressure range is 26000-26500.
ETH has a positive weekly line and is currently in the process of repairing the second big Yin column in the previous downtrend. If the potential resistance of MA120 is superimposed, the pressure range is 1900-2000. The daily line showed a pull-up, and the consolidation broke through the higher pattern again, and the trend was still strong. Trend defensive range 1500-1600.
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