👉 Bitcoin Dominance trade in a downward channel. 👉 Dominance trying to break down the channel but failed and re-enter in the channel. 👉 Bitcoin dominance going down which is a bullish sign for Altcoins but in this case dominance going down very slowly and trade in a channel. 👉 Once Dominance break down this channel and drop down quickly in that case we'll see some good recovery in Altcoins. 👉 Keep an eye on Bitcoin dominance and trade accordingly 👀
Price is currently trading in a falling wedge pattern and is testing the support line. We may see a bounce from this level towards the resistance area. You can open a long position around the support zone.
$XLM XLM has dropped below the $0.40 level but has since bounced back. If you've opened a long position at that point, you’re currently seeing a profit of over 22%. The price has broken through the resistance area and is now retesting that level. This could be a good opportunity to add more XLM during the retest. We may see a continuation of the upward movement in the coming days.
Bitcoin experienced a strong bounce after reaching a new low, breaking the $95,000 level in the process. This is a positive indication, and we may see a continuation of the upward movement. It appears that the downward trend has concluded, and with Trump's inauguration set for next week, we can expect more positive sentiment in the market.
Yesterday, Bitcoin dropped below the support area, triggering liquidations and stop losses. The price bounced back and is now testing the $95,000 level again. Let's see if BTC can break this level.