BITCOIN 21-March-2023 ANALYSIS AND PREDICTIONSToday as we can see IN bitcoin price there is an resistance range between 28269- 28861 and a strong support zone is in between 26986-26807
SCENARIO 1
If we see a strong breakout above 28800 then only we should buy
SCENARIO 2
For today if we see a breakdown below 27600 we should take take profit at support level because from there we can see a bounce back.
CONCLUDING ANALYSIS
Today I can see a range bound movement between 27600 - 28800. Strong breakout above 28800 can take the price upto 29000 and further more
Wait for a clear and decisive move above or below of the given levels.
✅ BITCOIN SUPPORT AND RESISTANCE LEVELS
SUPPORT 1 - 27600
SUPPORT 2 - 26800
SUPPORT 3 - 26000
STRONG SUPPORT ZONE - 26986-26807
RESISTANCE 1 - 28861
RESISTANCE 2 - 29394
RESISTANCE 2 - 30731
STRONG RESISTANCE ZONE - 39875-40000
Crytocurrency
BTC bounces from 18k for the 5th timeBTC has bounced from 18k for the 5th time. This to me seems is a very positive sign, considering it has bear the brunt of all the bearish factors we've been having lately.
With inflation coming down, and the paranoia of war somewhat settling down, macroeconomic factors seem to be getting better, for now.
I'm slightly bullish, at least in the short term as long as BTC holds 18k. If it breaks 18k successfully, we can easily see a drop to 14-15k level, so tight stop loss on all your trades are a must.
IF it holds this level, I feel this might be the bottom and might start a massive bull run soon, especially post December.
Play ETHEREUM with moving averages.Ethereum is trading at a crucial support zone and there can be a reversal.
Though, on a 60 minute time frame, the moving averages crossover is showing some bearish trend.
On a 15 minute time frame, the coin taking support for the zone and strong bullish candle are being formed.
Support :- 2945,2850
Resistance :- 3020, 3100
Watch for the candle to close above is 20 ema on 60 minute time frame, as it has been taking resistance from the static level.
It can travel upto 200 ema once it gives a strong close above 20 ema.
Price action and volume analysis must be used.
Dogecoin (DOGE) Analysis: Dogecoin Gains of 123% In A WeekWhile looking at the Dogecoin weekly chart, it has a resistance of $0.0107 with the support level of $0.0061. The price is currently hovering near the resistance level and struggling to give a breakout to form a bullish trend again.
Concerning the Moving Average Convergence Divergence (MACD), the levels intersected the signal line on Wednesday's trading session and moved very close to it. The histogram also started to form tiny green bars Intimating that the trend remains bullish.
According to the Relative Strength Index (RSI) 55, indicating coin is in a sideways phase. A short ascending parallel channel is visible in the index. Suppose it gets close to the value of 70, which is an overbought zone. One can see a positive trend again.
The Schaff Trend Cycle (STC), 98.43, also indicated a buying signal in the coin on Wednesday's trading session which is also a positive sign for the buyer's and the coin can move upwards.
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CMP: 353.30
Target: 454 ++
Time Frame: <2 month.
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There is a possibility for the beginning of an uptrend in ZILETHTechnical analysis:
. ZILLIQA/ETHEREUM is in a range bound and the resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00015000 to 0.00013880). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00015000)
Ending of entry zone (0.00013880)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
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LTC will continue its move downwards LTC has been in correction mode for the last week or so with further down time expected towards its support at 35 USD. Its not yet clear how much of an impact a UAHF will have on LTC. Its move breaking the triangle formation will determine its semi-long term movement.