$ALCH how I love the gambling haha always with $2 eh I still have no money until the next payment of $WLD haha but this one looks like it can go up a little more!
This week the most mentioned cryptocurrencies are $XRP, $SOL and $ETH!
š¹ $XRP (Ripple): In the spotlight for its advancements in international transfers and expectations of a positive legal resolution. Is it time to accumulate? š¹ $SOL (Solana): Famous for its speed and low costs, it continues to gain traction in NFTs and DeFi. Will it rise even further? š¹ $ETH (Ethereum): Leader in smart contracts, interest in Ethereum 2.0 continues to grow. Is now the time for staking?
š¬ What do you think? Buy, sell, or wait? Leave your strategy in the comments and don't forget to follow us for more market content! š
In the 4-hour chart, we observe a bearish consolidation with clear signs of bullish exhaustion:
1. EMA Indicators
EMA(7): 97,828.8
EMA(25): 97,058.0
EMA(99): 89,790.5 The exponential moving averages show a recent bearish crossover between EMA(7) and EMA(25), indicating that selling pressure is dominating in the short term. This could continue dragging the price towards EMA(99), which acts as a relevant support at 89,790.
2. Volume The volume shows a slight increase in red candles, confirming interest from sellers. This supports the probability of continued downward movement.
3. MACD
DIF: 912.5
DEA: 1,323.4
MACD: -410.9 The MACD histogram is in negative territory and widening, supporting an ongoing bearish trend.
4. RSI(6) With a value of 34.5, the RSI is in the vicinity of oversold territory. This suggests a potential pause in the decline, although there are still no clear signs of bullish reversal.
Key Levels
Resistance: 99,660
Support: 94,155
Conclusion: BTC/USDT is facing strong bearish pressure in futures. It is crucial to monitor if the price breaks the support at 94,155, which could open the way towards EMA(99) at 89,790. However, the RSI indicates that we may see a short-term bullish correction before continuing to fall. Ideal for short strategies, with caution at oversold levels.
Does your strategy consider these levels? Leave it in the comments! $BTC
š Discover the Hottest Cryptocurrencies of This Week! š
1. Bitcoin (BTC): The market-leading cryptocurrency continues to grab attention with the upcoming halving. Are you ready to take advantage of this opportunity? Comment your Bitcoin price prediction!
2. Dogecoin (DOGE): From memes to a passionate community, DOGE continues to dazzle everyone. With new integrations into payment platforms, its potential is limitless. What do you think, is it time to buy? Leave us your opinion!
3. Solana (SOL): With its impressive performance and new projects in development, Solana is quickly gaining ground. Have you invested in SOL? Share your experience and help others learn more about this cryptocurrency.
ā ļø Remember: The cryptocurrency market is highly volatile and may involve significant risks. Only invest what you are willing to lose and make sure you do proper research before making investment decisions.
š Comment below and share your thoughts! Which coin do you think will perform the best in the future? Let's talk crypto! $BTC $DOGE $SOL