Crypto Technical Analyst, will provide only technical bases charts here for alts coins as well as BTC. All post are not investment advice do your own research.
Bitcoin is currently facing rejection from the Ichimoku Cloud, which is acting as a strong resistance, indicating bearish pressure. A potential downward movement is likely.
If the price breaks below the demand zone, we could see a further correction in the market. However, a solid bounce from the demand zone is still possible after the correction
AMP is consolidating within a descending channel and is currently attempting to break through its resistance trendline. The Ichimoku Cloud above the channel is serving as an additional resistance barrier. We should monitor closely for a breakout or breakdown. #AMPUSDT #AMP
#EOSUSDT is compressed within a falling wedge pattern, a classic bullish reversal signal. It's the combination of increasing trading volume and improving macro market sentiment.
If #EOS gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $0.4000 . This level has consistently provided strong support and is rich with liquidity.
Donald Trumpâs Positive Impact on the Cryptocurrency Market
According to Wall Street brokerage firm Bernstein, a Donald Trump victory in the U.S. election could have a positive impact on the cryptocurrency market. Notably, it is observed that Bitcoin has weakened relative to polls and Polymarket odds, which favor Harris. However, Trumpâs proactive approach to cryptocurrency policies offers a glimmer of hope for the market.
There is an expectation that a Donald Trump win in November could positively affect the cryptocurrency market. Bernstein, one of Wall Streetâs leading brokerage firms, highlighted this situation in a report. The report suggests that if market sentiment shifts in favor of Trump, cryptocurrencies could see an uptick in value. Conversely, a victory by Kamala Harris might have the opposite effect, potentially causing a market downturn.
According to Bernsteinâs analysis, the shift in odds and poll results favoring Harris on prediction platforms like Polymarket has led to Bitcoinâs weakness. However, this scenario is considered to be part of an uncertain phase as the market still awaits a clear election signal. Bitcoin is expected to continue trading within a narrow range until the election results become clear.
Trumpâs statements are highly optimistic: However, some Trump supporters are calling the Polymarket odds, which favor Harris, a âhoneymoon period,â suggesting that these odds could be manipulated. Polymarket is known as a prediction market that allows individuals to bet on the outcomes of future events.
The impact of the U.S. election on the cryptocurrency market is being closely monitored by investors and market participants. Whether Trumpâs crypto-friendly policies will lead to a victory will become clear in the coming months, and this will be a crucial factor determining the future direction of the market.
#HOOKÂ is still moving in a wedge pattern and respects the marked lines well. According to the previous scenario, the price started to decrease after reaching the resistance of the wedge pattern and reached $0.3500. After reaching the dynamic support area, the price recovered well and has grown more than 40% so far. If the strength of the bullish candles is maintained in this way, this time the price will leave the wedge pattern.
After breaking the dynamic resistance and more than 50% growth, #ZENUSDTÂ tested the dynamic resistance again.
During the recent decline, #ZEN approached the specified support level, but could not cross it. Considering the good pullback that the price had to the downward resistance and the reduction of market fluctuations, we can expect the price to grow again. #ZEN.æșèœçç„ćș #$ZEN #ZENT
XRP is currently consolidating within a symmetrical triangle pattern. It is facing rejection from the trendline of the triangle, with the Ichimoku cloud also acting as a barrier.
We should wait for a decisive breakout or breakdown to confirm XRP's next move.
The $PEPE chart is forming a HEAD & SHOULDER Pattern, a bullish reversal indicator. However, the pattern is not yet complete. #PEPEćžćŒè¶ è¶LTC #pepe⥠#PEPEATH
Join us as we delve into Trump's bold promises regarding Bitcoin at the 2024 conference! Discover how his endorsement of blockchain technology and support for digital currency could shape the future of decentralized finance. Explore the implications of his financial revolution pledges and government assurances on the world of cryptocurrency. Watch now to learn more about Trump's crypto advocacy and presidential promises in this exciting era of virtual money backing. #Bitcoin_Coneference_2024 #BTCâ
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