#POND is facing the resistance of $0.013 - 0.0136 and if it fails to break it, the price will probably fall to the support of $0.0070-0.0066.
#NEO has reached the support of 11.20 $ -10.30 $, if it can break the dynamic resistance, it can grow again to the price of 16 $.
#Solana validators to make a second restart attempt as transaction freeze drags on.
#XVG
The downtrend line has broken. And now it is growing with the help of a dynamic support. If the support is not broken, the growth will continue.
The downtrend line has broken. And now it is growing with the help of a dynamic support. If the support is not broken, the growth will continue.
The price of #Ethereum reached the bottom of the descending channel and was supported due to the fact that it had reached the good demand area. It is expected that the price will continue to grow up to the indicated resistances.
#Stablecoins are still a small fraction relative to cash in circulation, especially in Europe. The end of #BUSD could be an opportunity for EUR-pegged stablecoins which have had trouble taking off
#Educational :
Rounding bottom
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends . This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem.
The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand . Once the rounding bottom is complete, the price breaks out and will continue in its new upward trend. The rounding bottom chart pattern is an indication of a positive market reversal, meaning investor expectations and momentum are gradually shifting from bearish to bullish.
Rounding bottom
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends . This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem.
The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand . Once the rounding bottom is complete, the price breaks out and will continue in its new upward trend. The rounding bottom chart pattern is an indication of a positive market reversal, meaning investor expectations and momentum are gradually shifting from bearish to bullish.
#KNC , After hitting the trend line, it failed to cross it and declined. It is expected to decline to the $0.720-0.740 support due to the strong bearish candles being registered, if it can break the dynamic support.
#LDO has reached the ceiling of the ascending channel for a long time, but could not cross it. A negative divergence is also observed and there is a possibility of the price falling to the bottom of the channel.
#Bitcoin’s dominance has been on the rise recently. One of the factors that might be helping its rebound in this cycle is the regulatory environment and the clarity US investors have around Bitcoin as a commodity
#Educational
What is Divergence ?
#Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
What is Divergence ?
#Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
The #OP price reached the ceiling of the ascending channel and could not cross it and started to decrease, and it is likely that it will decrease to the price of $2.6, that is, to the bottom of the channel.
After the good news of #AUDIO , the price had a great growth and now it should be corrected a bit. When it can break the dynamic resistance, it will continue to grow up to the channel ceiling again.