Crypto Family

2023-06-11 14:30:42 #TRX/USDT ANALYSIS

TRX got rejected from the horizontal resistance. Currently, it is testing above the descending triangle, Ichimoku cloud, and MA 50. A successful retest would result in a bullish move toward the horizontal resistance. Open / Comment

2023-06-11 07:51:20 #BTC/USDT ANALYSIS

BTC is moving in a falling wedge on 8H TF and is currently holding above its support trendline. RSI is in the oversold region and printing bullish divergence.

A bounce from here and a breakout of the falling wedge and the Ichimoku cloud would be the bullish confirmation. In case of a solid breakdown of the falling wedge further correction is also expected. Open / Comment

2023-06-10 21:41:04 #USDT DOMINANCE ANALYSIS

USDT.D is heading toward the supply zone. RSI is in the overbought region and displaying hidden bearish divergence.

A rejection is expected from the marked supply zone and that would indicate a bearish trend in it. A downward move in USDT.D would signal a bullish trend as it works inversely proportional to the market. Open / Comment

2023-06-10 18:45:55 CZ: In last 24 hours, Binance net outflow is about $392 million.

Some even only measure outflow, not inflows. On a sharp price movement day like today, many arbitrage traders move a lot of funds between exchanges, usually exponentially more than on normal days. Open / Comment

2023-06-10 15:15:33 #ETH/USDT ANALYSIS

ETH is holding above the S/R level and cleared a lot of downward liquidity. A bounce is expected from here. In case of a sustained breakdown of the S/R level, another leg-down is a possible scenario. Open / Comment

2023-06-10 11:47:12 CZ Discusses Altcoin Drops Today: A false narrative is Binance converted its holdings to fiat. The Fact is that Binance fiat/stablecoin reserves (used to pay for short term salaries or expenses) decreased, crypto reserves increased, in the past months/weeks/days. Open / Comment

2023-06-10 09:11:03 #BTC/USDT ANALYSIS

BTC got rejected from the descending trendline. Currently, it is moving toward horizontal support, which is also the neckline of the inverse head & shoulder pattern.

It will pump after testing the horizontal support. In case of a sustained breakdown, we'll see further correction in the market. Open / Comment

2023-06-09 21:05:21 #ALTS MARKET CAP ANALYSIS

Alts market cap is retesting above the descending triangle and rejecting from the MA 200. Currently, it is in a contraction phase and trading below the Ichimoku cloud.

A bounce is expected after taking some more liquidity from the descending trendline and a solid breakout of the MA 200 and the Ichimoku cloud would be the bullish confirmation in Alts. Open / Comment

2023-06-09 19:50:22 #Ethereum's supply on exchanges continues falling to record lows, now at just 9.47%, which implies lower risk of a future selloff. However, active deposit addresses just hit their highest level since March, implying this weekend could be volatile. Open / Comment

2023-06-09 17:47:54 Open / Comment