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#ASTER/USDT ANALYSIS #ASTER is rebounding from the support trendline of the ascending triangle pattern. It is currently trading above the Ichimoku Cloud, which is acting as strong support. A solid breakout of the pattern will trigger a bullish rally, while price may continue to move within the pattern until a clear breakout occurs. $ASTER
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$BTC ANALYSIS #bitcoin has broken down from the rising wedge pattern and is currently trading below the Ichimoku Cloud, which is acting as a resistance barrier above the price action. A recovery in the market can be expected from the 200MA if the price holds this level. On the other hand, a breakdown below the 200MA would lead to further correction in the market. #WriteToEarnUpgrade
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#Alts MARKET CAP ANALYSIS The ALTS market cap is rebounding from the support trendline of the falling wedge pattern, with the 21MA acting as a resistance barrier above the current price action. A solid breakout of the wedge will signal a bullish rally in the altcoin market.
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#BTC DOMINANCE ANALYSIS $BTC Dominance has broken down from the ascending triangle pattern and successfully retested it. The Ichimoku Cloud is acting as a resistance barrier above the current price action, suggesting the potential for further downward movement. Keep an eye on upcoming price action developments. It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
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$ETH UPDATE: #Ethereum is now currently trading around $3237. It has already broken down from the head and shoulder pattern and is dumping. If the dump continues and it breaks below the support and closes there, then we can see bearish momentum. Otherwise, if it takes support from the lower support zone, then it may bounce. Keep an eye on it👀
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