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TOTAL2 is printing the broadening wedge pattern on the daily timeframeš
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PROMPT/USDT is currently moving within the symmetrical triangle on the 8H timeframe. The pattern formation looks promising for an upside breakout with increasing momentum. If the price breaks above the upper trendline, we could see a strong move toward $0.60šÆ
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Pyth Network to unlocks 58.62% of circulating supply tomorrow, totaling $289M.
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ETHUSD H4 Again, following on from yesterdays market analysis, we mentioned about this $2600 price, we have pinned into that trading zone again during recent trade over the course of yesterdays corrections, NA overlap and eastern trading session. We are simply looking for some more selling pressure and shorts towards maybe $2100 price, we have already seen rejections of $300.
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BTC/USDT ANALYSIS Bitcoin is facing rejection from the horizontal supply zone while trading within a rising wedge pattern. It is currently attempting to break down below the patternās support trendline, with the 21MA also acting as support. A confirmed breakdown of both the wedge and the 21MA could signal a market correction. However, a bounce from this level is also possible.
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ARB/USDT ANALYSIS The zone between $0.38ā$0.39 is acting as a strong demand area. Any retest that holds here could serve as the launchpad for the next impulse move. šÆ Upside Targets: Target 1: $0.5083 Target 2: $0.6048
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