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Bullish Rectangle

Ethereum ETHUSDT - Elliott Wave on the weekly! + ABC completed- This is the weekly chart for ETH - analysis since the big covid crash in 2020. - Wave 1 and wave 3 created ascending channels during their move, so we should count it as waves 1 and 3. - It means that we should expect a last 5th big wave to the upside! - 0.618 FIB extension (wave 3 -> wave 4) is around 21 000 USDT. - ABC correction can be completed (wave 4) and we are ready for a next pump! - If we take a look at the MACD indicator, we can spot a huge bullish divergence. - Currently the market structure looks like a bullish rectangle (red one), which is a very bullish continuation pattern.
Long
by UnknownUnicorn2537518
7
USDT.D UPDATE! ONCE AGAIN ON DECISIVE MODE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT DOMINANCE update. USDT Dominance once again looks scary here. Break and close above this channel will bring more dump in the market. USDT.D forming a bullish rectangle pattern in the daily time frame. If we break and close above this rectangle pattern then we see more dump in the market. Still we have few hours left for the weekly close. Let's see will it break this time or we see another rejection from the resistance. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CRYPTOCAP:USDT.DLong
by CoreCrypto1
2
Waves WAVESUSDT - Impulse Elliott Wave completed! Bounce soon.- As per my Elliott Wave count - we should be in the end of the current downtrend. - Impulse Elliott wave is completed with 5 successful waves. - We have a descending blue channel, you can wait for a breakout of this structure to open a long position on confirmation. - I think wave 4 is a resistance and we can target this level (around 31 USDT). - On the RSI indicator we can spot a huge bullish divergence.
WLong
by UnknownUnicorn2537518
17
PolkaDot DOTUSDT - HUGE breakout is happening! New bull market.- DOT is currently breaking out of the descending channel on the daily chart! - On the weekly chart we a have higher highs and higher lows, so there is nothing wrong with the overall bull trend. - Also an Impulse Elliott wave finished successfully with 5 waves to the downside, so now there should at least a retracement to 0,618 FIB. - RSI horizontal line is breaking out too. - Together with BNB we can experience solid gains.
Long
by UnknownUnicorn2537518
3
Lesson: BTC forming bullish rectangle?BTC seems to be forming a bullish rectangle on the H4 chart, I will attach a photo in a comment below for reference. I have drawn out a couple lines for entries, sl and tp if this bullish flag plays out. Bullish flag breakout generally moves the same ammount as the move before, in this case BTC jumped about 8%, so therefore we can expect another 8% jump if the H4 candle closes above the resistance line (Line 1). I hope this helps, even if it doesn't play out. Please leave any questions:) Trade safely
Long
by sebastianjohansen
Bullish Rectangle or Double Rising Wedge?It's a major debate at this moment wether Bitcoin is forming a bullish rectangle or a double rising wedge. Regardless of opinions, when zooming out on the 1h, 4h and daily charts, it is hard not to first observe the bullish rectangle. And in the end, we care about the long term. If the rising wedge is confirming with a slight drop, it will be only short, retail stop loss hunting which will most likely not break 36,500 As we have consolidated at crucial support 38,000, it is expected that bitcoin will tackle the next major milestone at 40,000 before the big battle at 43,500.
Long
by Mortdecai
3
PAX GOLD PAXGUSDT - Buy gold with crypto / bullish triangle- If you want to buy gold on Binance or any other crypto exchange, you can buy PAXG, which seems like a good alternative to traditional ways. - You don't need a bank account or brokers to speculate on GOLD price - You can buy gold (PAXG) with bitcoin or USDT. - It is possible to use leverage on FTX with PAXGPERP futures. - PAXG is practically copying the price of GOLD. - Gold is now consolidating on the weekly chart, but it looks like it will break up in the near future and is ready to a breakout to new all time highs.
Long
by UnknownUnicorn2537518
3