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Bitcoin is consolidating within a descending broadening wedge pattern and is currently trading below the wedge’s resistance trendline.
The Ichimoku Cloud is also acting as a resistance barrier, keeping pressure on the price.
A strong breakout from the wedge would confirm a bullish rally in the market. Otherwise, price may continue to move within the pattern until a clear breakout occurs.
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The S&P 500 is currently testing a key horizontal supply zone, with the Ichimoku Cloud acting as a resistance barrier above the price.
A successful rejection from this level could lead to a downward move. However, if the price breaks above the supply zone, it may flip into a demand zone, opening the door for further upside.
Given its close correlation with the crypto market, the S&P’s next move will be crucial in determining broader risk sentiment, making this a key level to monitor closely.
ICX made a new ALL TIME LOW a week now, and also gone into the consolidation. There is not much to happen and only short-selling opportunity for be taken into account after the break below.
#BTC consolidated throughout the week and is even consolidating on higher timeframes, including the weekly chart. Price is forming a small pattern that is playing out, but nothing significant will occur until the breakout happens. Wait for the market breakout. With #FOMC ahead this week, the market might start taking its directional move, and we have the Federal Funds Rate announcement at the month-end. $BTC
📢Iran Parliament Speaker Ghalibaf has raised concerns over the Bab el-Mandeb Strait, questioning how much of the world’s oil, LNG, wheat, rice, and fertilizer shipments move through the route and which countries and companies rely on it most. $BTC $ETH $BNB
$D Strong Rejection from High, Short Setup Active Trade Setup Entry Range: $0.01080 – $0.01110 Target 1: $0.01020 Target 2: $0.00960 Target 3: $0.00880 Stop Loss: $0.01180 DUSDT made a sharp pump and got rejected near the $0.01290 zone. Price is now showing weakness with lower highs forming. Sellers are stepping in and momentum is slowing down. If price stays below resistance, it can move down toward lower support levels
ONG Perfect Long Hit, Now Short Opportunity Emerging Trade Setup Entry Range: $0.1120 – $0.1140 Target 1: $0.1085 Target 2: $0.1050 Target 3: $0.1010 Stop Loss: $0.1185 ONG delivered exactly as expected on the long side, hitting targets cleanly with strong bullish momentum. Now price is showing signs of exhaustion near the $0.1220 rejection zone, followed by weak candles and slowing momentum. This looks like a classic pullback phase after a strong rally. A short-term correction toward lower support levels is likely as price retests previous breakout zones. Sellers are starting to step in, making this a good opportunity to capture downside movement.