This chart represents the Crypto Total Market Cap Excluding BTC (TOTAL2), which shows the market capitalization of the entire crypto market excluding Bitcoin. The timeframe displayed is 1-day (daily). Here’s the detailed breakdown:
1. Market Cap and Price Movement: • The current TOTAL2 market cap is 1.54 Trillion USD. • The market has shown a strong rally and is now approaching a resistance zone, highlighted in the purple area at the top. • This level is significant because, in the past, the price has faced rejection here and moved downward.
2. Yellow Crosses (Golden Cross Indicators): • Several yellow crosses are visible on the chart, representing moving average crossovers. • When the price crossed above the green line (200-day MA) and the red line (50-day MA) moved upward, it generated a bullish signal. • These crossovers indicate a potential trend reversal and an increase in bullish momentum.
3. Symmetrical Triangle Breakout: • A symmetrical triangle pattern formed around mid-2023, highlighted with yellow lines on the chart. • The price broke out of the triangle to the upside, which acted as a bullish confirmation. • After the breakout, the market rallied strongly to current levels.
4. Moving Averages: • Green Line: Represents the 200-day Moving Average, indicating the long-term trend. • Red Line: Represents the 50-day Moving Average, which shows short-term price movements. • The price crossing above these moving averages indicates strength and supports the ongoing bullish run.
5. Resistance Zone: • The purple area represents the current resistance zone where the price is testing its upper limits. • If this resistance is broken, the market cap could move higher and continue its rally. • If the price faces rejection, a pullback or retracement to lower support levels is possible.
Summary: This chart reflects a clear bullish structure: 1. Golden Crosses provided bullish signals. 2. A symmetrical triangle breakout led to a significant price rally. 3. The market is now testing a critical resistance zone.#total2
🚨🚨🚨 Something really BIG is happening with XRP and HBAR, some big players has filed S-1 form for XRP and HBAR. #etf #elonmusk #altsesaon $ETH $XRP $HBAR
🚨🚨🚨 Something really BIG is happening with XRP and HBAR, some big players has filed S-1 form for XRP and HBAR. #etf #elonmusk #altsesaon $ETH $XRP $HBAR
Dominance is rising and can be rejected from 61.34 if not then 62.24. No need to worry just accumulate some of your fav alts and keep some stables in your wallets to buy the fear that is imminent. 🤝
This is a daily chart of the ATOM/USD perpetual futures contract on Binance. Here’s an analysis of the chart:
Descending Channel Breakout: The price has been in a descending channel (marked by yellow trendlines) for several months.Recently, ATOM has broken out of this channel, signaling a shift in trend from bearish to bullish.
Support and Resistance Levels:
Support: Around $3.66 (blue line) represents the recent bottom and key support level.Resistance: The price is testing the $6.04 to $7.00 zone (yellow rectangle), which previously acted as a strong supply zone.
Volume: There’s a significant spike in volume, which confirms strong buying interest after the breakout.
RSI Indicator: The RSI (Relative Strength Index) is trending upward but nearing overbought levels, indicating momentum but also potential for a pullback.
Breakout Scenario: If the price can break above the $7.00 resistance zone with strong volume, ATOM could target higher levels, such as $8.00 or $10.00.
Pullback Scenario: If the price fails to clear $7.00, it could retrace to retest $5.57 or even the breakout level near $4.00. $ATOM $ETH $BTC #ATOM #Cosmos #TA #CryptoSignals #altsesaon
Yeh Ethereum (ETH/USDT) ka weekly chart hai jisme price movements aur kuch key patterns ko highlight kiya gaya hai.
Key Observations:
1. Ascending Channel: • Chart ke left side mein, 2023 ke period mein, ETH ek ascending channel mein trade kar raha tha, jisme price gradually higher highs aur higher lows bana rahi thi. Ascending channels bullish patterns hote hain, jo upward momentum ko indicate karte hain.
2. Breakout with Volume Spike: • Is channel ke breakout ke baad, price mein sharp increase aaya aur volume spike bhi hua, jo buying pressure ko confirm karta hai. Breakout ke baad ETH ne around 80% ka gain kiya aur 105 days (15 weeks) ke duration mein 1,816.60$ increase hua.
3. New Rally Pattern: • Right side par, ab ek naya pattern ban raha hai jo previous pattern jaisa lagraha hai. Yeh suggest karta hai ke agar similar breakout hota hai, toh ETH dubara around 80% ka gain de sakta hai, jo usko approximately 5,000$+ range tak le ja sakta hai. Chart mein ye target upper blue box ke andar highlight kiya gaya hai.
4. RSI (Relative Strength Index): • Neeche RSI indicator dikh raha hai, jo momentum aur potential trend reversals ko show karta hai. Abhi RSI 40-50 range mein hai, jo potential accumulation zone ko suggest kar raha hai. Agar RSI upward movement dikhata hai aur 50-60 se upar jata hai, toh bullish momentum aur strong ho sakta hai.
5. Volume Analysis: • Volume analysis bhi yahaan important hai, kyunki previous breakout mein volume spike ne buying pressure ko confirm kiya tha. Ab bhi volume spike ki zaroorat hai taake nayi rally sustainable ho sake.
Summary:
Is chart analysis ke hisaab se, agar ETH similar pattern follow karta hai aur ascending channel ka breakout hota hai, toh ETH 80% tak gain kar sakta hai, jo 5,000$+ ke upar tak price ko le ja sakta hai. RSI aur volume ka movement critical hai; agar in indicators mein bullish signs milte hain toh is analysis ke strong hone ke chances hain. 🤝#EthereumRally #AltCoinSeason $ETH $BTC
Pakistan is moving closer to legalizing cryptocurrency, marking a significant shift in its financial policy. The government has proposed amendments to the State Bank of Pakistan (SBP) Act, which would officially recognize digital currencies and allow the SBP to regulate them. This decision follows directives from the Sindh High Court urging the government to establish a crypto regulatory framework within three months.
Under the proposed changes, the SBP would gain authority to issue and manage digital currency alongside physical currency, strengthening its role in overseeing both digital and traditional financial assets. Additionally, penalties for unauthorized digital currency issuance are set to be introduced, reinforcing regulatory control. The amendments also aim to allow dual nationals to hold senior roles within the SBP, broadening the talent pool for central bank governance.
If approved, Pakistan would join a growing list of countries embracing digital currencies within a regulated system, potentially opening up new opportunities in the nation’s financial landscape and signaling a more progressive approach to digital finance. #CryptoNewss #pakistan #cryptopakistan $BTC $ETH #PKR
Yeh chart ChainLink (LINK) / Tether (USDT) ka 1-day (1D) time frame par Binance par dikhaya gaya hai.
Chart ka breakdown yeh hai:
1. Price Action: • Current price 11.75 USDT hai, aur yeh din ka +1.12% gain hai. • Price gradual increase ho rahi hai, aur yeh aik ascending trendline par chal rahi hai, jo neeche se support provide kar rahi hai (yellow line).
2. Trend: • Price ne lower lows aur lower highs se recovery karna shuru kiya hai aur ab upward move kar rahi hai, jo ke bullish sign hota hai. • Ascending trendline support ko maintain kar rahi hai, aur price uske upar stable hai, jo market mein buying pressure ko dikhata hai.
3. Key Levels: • Ek resistance zone (brown box) hai jo approx. 12-14 USDT ke beech hai. Yeh wo level hai jahan price ko rejection mil sakta hai, kyunki yeh pehle ki highs hain jahan selling pressure aasakta hai. • Agar price is zone ko break kar leti hai, to aur upside ka potential hai, aur price 14 USDT ke aas paas tak move kar sakti hai.
4. Recent History: • ChainLink ne pehle decline kiya tha mid-2023 ke baad se, jab price lagbhag 18 USDT par thi, uske baad price ne downtrend mein move kiya. • Lekin ab price ne recovery start ki hai aur higher lows aur higher highs ka pattern bana rahi hai, jo ke trend reversal ka sign ho sakta hai.
Summary: LINK/USDT abhi aik ascending triangle pattern bana raha hai, jo ke bullish sign hota hai. Agar price 12-14 USDT ka resistance zone break kar leti hai, to aage bullish continuation ho sakta hai. #altsesaon #altcycle #CryptoAMA #BTC☀ #ETHETFsApproved
Ye chart 1-day (1D) ka Ethereum/Bitcoin (ETH/BTC) pair ka hai Binance par. Idhar kuch tafseelat hain:
1. Price Action: • ETH/BTC ki current price 0.03687 hai, aur aaj ka -0.86% down hai. • SELL (red) price 0.03687 par hai aur BUY (blue) 0.03688 par hai, jo bid-ask spread ko dikhata hai.
2. Trend: • Price aik descending channel (red aur green mein) ke andar hai. Ye lambi muddat ke liye downtrend ko dikhata hai 2022 se. • Upper red line resistance ka kaam kar rahi hai aur lower blue line support ka kaam. Price lagataar neeche ki taraf move kar rahi hai aur in dono boundaries ke beech bounce kar rahi hai. • Price neechay wale support line ke qareeb hai, jo is baat ka ishara hai ke yeh ek qareebi bottom pe ho sakti hai.
3. Key Support/Resistance Levels: • Chart mein aik support level 0.03700 par hai (light blue mein dikhaya gaya), jo current price ke qareeb hai. • Aik ahem resistance level 0.06015 par hai (purple mein), jo potential upside ko dikhata hai agar trend reverse hota hai.
4. Historical Context: • Chart mid-2021 se shuru hota hai, jisme ETH/BTC ne ek bara high dekha uske baad yeh current downtrend mein chala gaya. • Aakhri do saalon mein price steadily neeche ki taraf aayi hai, bina kisi bara break ke downward movement mein.
In short, ETH/BTC kafi time se strong downtrend mein hai, aur current price action aik ahem support zone ke aas paas hai. Agar yeh support hold karta hai to price upar bounce kar sakti hai, lekin agar break hota hai to aur zyada downside ka ishara milega.
Managing a #cryptocurrency portfolio can be challenging, and I’ve noticed that many people share this sentiment. Therefore, I want to introduce everyone to CoinMarketCap, a website/application I’ve found incredibly useful for #portfolio management. CoinMarketCap makes it easy to track your investments and monitor performance. To get started, gather the details of your current transactions or holdings from your exchanges or wallets. You can jot these down on paper or If you have a laptop/pc use