ATH
Ethereum Approaches All-Time HighETHUSD
Bullish Scenario
I think If buyers manage to overcome this severe upward constraint, they could move up to the 5120-barrier. The break above this level would boost buyers' confidence to push towards the 5280 and 5450 handles. If the bulls succeed in overcoming these obstacles, their focus will shift to the resistance zone of the 5800-mark.
On the downside, Ethereum would seek immediate support around the key psychological barrier at 4500 near the 20-day simple moving average if selling pressures return. Should these barriers fail to dismiss a more profound decline from evolving, sellers may drive the price to test the November low at the 3915-mark. Breaking below this crucial support could turn the market bearish towards the 3668-handle and 100-day EMA.
Do you think we will break $5k this December?
Correction in progress? Expect secondary sell soon!Last pullback in 5-10 Nov gave an S-curve 'ABC' with two down legs, time from first sell to completion: 5 bars; would paint NLT 11/26.
Got a nice retracement in late trade Tues, from oversold on first leg down; expect lower Weds EOD. Tues PM rally typical of bear reactions.
First support held at 4660 11/23; break below will signal measured move lower. An S-curve projection ends in the target box ~4620.
Purely speculative guesswork shown projecting an H&S pattern may emerge? Tops are complex structures and this one is devilish.
If the top is in from 11/18 parabolic peak, expect sell to next support ~4535 box; a right shoulder may emerge.
Whether a new ATH might print afterwards remains TBD.
NB: Many contributors suggesting 'BTD' with new ATH to print soon; not ruling this out, if a Three Drives pattern were to emerge.
Keep a close eye on this and be real careful holding calls in here... could be a nasty surprise IMO.
DYODD; not financial advice! GLTA!
Bitcoin Battling With Final Resistance Before 64k - 75kThe price of the asset bounced from the 53k level, broke out of a falling wedge and is now facing stiff resistance at 58k.
IMO, once we cross above the current horizontal resistance, we will have little to contend with on the path to 64k and ultimately a new ATH at 75k.
Also notice the series of almost identical falling and rising wedges and how effective they have been in producing strong price reversals. Both RSI and MACD support further upward movement. See you at ATH folks!
Finally, this is just my personal view of the market... DYOR!
XRP BULLISH PATTERN! ATH REVISIT?Keep an eye on XRP . The beginning of a trend towards the upper-trendline of the Bullish Pattern can be expected if Bitcoin begins to put on a show! If we break this level, and strongly push through $1.33, a visit of $1.41 is reasonable.
Technical indicators are looking great while a double bottom is formed. If Bitcoin begins to recover strongly, expect XRP to begin trending towards the upper trend line of the bullish pattern.
As low-cap altcoins usually lag in times of Bitcoin regaining market dominance and moving significantly in price, it is wiser to hold one of the Top 10 Altcoins in Market Cap . If Bitcoin breaks $60K and begins trending towards $70K, expect XRP to hav e one of the strongest price correlations to bitcoin.
That is why I believe XRP is worth buyin g in times of great Bitcoin value , where there is a degree of fear, as the sellers have taken over we are technically in the best of times to be looking for accumulation before another turn to the upside begins.
I believe the fear can very quickly turn into surprising Bitcoin strength , leaving those who are indecesivie.
BNB Massive Ascending Triangle on BNB
support is a long term uptrend with a horizontal resistance at 657.
The Apex of the triangle pattern is closing in and price action in is respecting the upper bounds of the formation.
Validation will be confirmed by an increase in volume, and a clear daily candle above the resistance
Entry could be found with a break and retest on the lower timeframes.
Technical Target: 877
MATIC ( polygon ) analysesMATIC ( polygon ) analyses
time frame daily
price is in the bullish channel
we can see double hit on bottom of channel , then raise to last ATH , pulback and make new ATH
now we can see double hit again,
so my first target is ATH and then 3.2$ for next target
ATH Retest? Daily Chart Looking Good!New to TA - so please have some mercy :) Just getting the hang of some patterns and such.
I honestly think we'll retest ATH in the next 1-2 days. Re-tested the 1.618 followed by a pump. Re-tested again and we have a green daily forming.
Would appreciate some feedback!
CGG analyseschain guardians analyses
CGG USDT
time frame daily - 4 Hours
we can see 2 harmonic pattern on CGG chart
1- cup & handle pattern
2- triangle pattern
price reached to all time high (ATH).
now we have 2 strategy:
1-LONG: break the ATH zone sharply or come down to green uptrend line then break the ATH
2- SHORT : fall down to first support zone because of 3 tops pattern
so we must have a stop loss in suitable price
Bitcoin daily analysis updateAfter breaking its ATH, the chart hadn't has enough power to stay on that position an it fell below the 65$k.We expected that the black line(60k$) could hold the bullish run but it couldn't so. The nest major support for the chart is the combination of the uptrend line and 53k$ support zone.
And if this zone wasn't able to support the bitcoin, the possible scenario would be its fall to 41-53k$ which is considered to be the first proper buy zone. And if the bearish trend was so powerful that none of the supporting zone mentioned above couldn't hold, the price would fell bellow the 42k$ and bounces between 28-41k$. This zone is perfect to start holding the bitcoin.
MyNeighborAlice Gamers It Is Your Turn!MyNeighborAlice (ALICEUSDT) seems ready for a new uptrend rally + high targets.
Indicators:
▫️ Bollinger Bands Squeeze.
▫️ EMA20-50 are now positioned on the daily candle.
▫️ Triangle Breakout by North, then South, and again North!
Have a Nice Weekend and Stay Safe, everyone.
Bitcoin Long-Term OutlookHello friends, today we discuss the future moves of the Bitcoin price.
As you can see Bitcoin has completed its second wave and is nearing the bottom of our long-term support trend line. Here we show a possible third wave forming near or at the support level for Bitcoin. After our analysis of Bitcoin hitting 70K, we have been calling for this retracement. Now we are showing that Bitcoin can hit another new ATH this year or in January.
Progyny False BreakoutPGNY making me sad but my average cost is much further down. The spike on earnings earlier in the month is an example of a false breakout. You just never want to see this type of price action on a new high or ATH. Mark it in your mind as a pattern to take profits or cut the breakout trade.