Zcash (ZEC/USDT) – 30-Minute Timeframe Analysis We’ve observed an Inverse Head and Shoulders pattern forming in Zcash (ZEC/USDT), signaling a potential bullish reversal. The price has successfully broken through the resistance level, confirming the pattern and indicating a move higher. The Target Based on the breakout, the next target aligns with the black level zone, which serves as a key resistance and profit-taking area.
This analysis delves into the daily price chart of Lido DAO (LDO) against Tether (USDT) on the Binance exchange. The focus is on identifying the current market trends, potential directions, and strategic trading levels. Price Action and Trend: Lido DAO has been experiencing a volatile trading pattern, marked by significant fluctuations within a wide range. The price has recently formed a bullish pattern, suggesting a potential upward trajectory. Key Technical Levels: Resistance Levels (R1, R2): R1: $2.774 - This level has posed a significant resistance where past rallies have faced rejections. R2: The next resistance target after R1, should momentum continue upward. Support Levels (S1, S2): S1: $0.862 - A recent support level that could provide a rebound zone. S2: If a decline persists beyond S1, this lower support could play a critical role in stabilizing declines. Technical Indicators: MACD: The MACD line is slightly above the signal line, suggesting a potential increase in bullish momentum. However, the proximity is quite close, indicating that any changes in trading volume could easily alter the trend. RSI: The RSI is in a moderately high position at around 58, suggesting that while the market is somewhat overbought, there is still room for upward movement before extreme levels are reached. Volume and Market Sentiment: Trading volume appears moderate but consistent, supporting the current price stability. The market sentiment seems cautiously optimistic, given the recent recovery from lower levels. Conclusion and Forecast: LDO/USDT appears to be in a recovery phase, targeting the immediate resistance at $2.774. The market's resilience at current levels could determine the possibility of testing higher resistances. However, traders should remain vigilant for any signs of reversal, especially if volume decreases. Trading Strategy: Bullish Scenario: A strong hold or bounce from S1, coupled with increasing volume, could validate an entry for a long position targeting R1. Traders should consider setting stop losses just below S1 to mitigate risks. Bearish Scenario: A break below S1 with significant volume could signal a bearish trend taking control, making it prudent to target S2 with appropriate stop losses above S1. Summary: The LDO/USDT pair is currently showing signs of recovery with potential for further upside. Key resistance and support levels should be monitored closely for entry and exit points. The bullish bias should be maintained as long as the price stays above S1, with careful attention to volume changes that could signal a shift in market dynamics.
Bigtime has broken several trends on the weekly and has been consolidating at a critical support. Now breaking out these are my targets
Flagging on the 15min . Also daily stochastic have crossed up
Taiko available on mexc and bybit. Choch has been done. For confirmation we shall wait for 4hr closing. After this candle closing, if the price appears in this range. You can take entry. And wait for fib range targets. Rest DYOR
As expected in forecast, price move upward to 0.40$. But volume were low. Now im expecting for downward for last bargain before we ride and fly to the ATH? perhaps?
Bitcoin has been the top performing asset in the world and by far the greatest. With bitcoin attempting to be the world’s reserve asset, are the bulls accurate to say that 245K is the Top while the bulls are saying 85K is the Low? Both can be right, and there lies the confusion. Elliott wave enthusiast may say we’re in a fourth wave correction leading to the top of the market. The four wave may actually go as deep as 85k as the bears predict but may also be the wave leading into the top $245k as the bulls predict. Somewhere in between the two lies the answer.
USDCAD has been trending strongly upwards over the past 3 months, with price action indicating a potential push towards the weekly high to seek liquidity. Notably, the previous resistance level has flipped into support, providing a bullish foundation. From a fundamental perspective, the latest COT report reveals that non-commercials are aggressively selling their Canadian dollar positions. Given the USD/CAD pairing, a weaker CAD suggests further upside potential. As a result, we may witness more explosive moves to the upside in the USDCAD pair.
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YFI Update ~ 1W #YFI So far it is still maintaining its Bullish structure. and the current price successfully retested this rupport line + this Golden ratio. Buy gradually from here with a target of at least 20%+ from here.