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Can #LTC Bulls Make Recovery or Bears will Continue to Dominate?Yello Paradisers! Are you ready for the next wave of #LTC that can catch many traders off guard? Let's see the latest setup of #Litecoin and what can happen next: 💎#LTCUSDT is currently trapped inside a descending channel, signaling sustained bearish pressure. The most recent bounce came with declining volume and failed to reclaim the 20 & 50 EMA — a clear sign that bulls are running out of steam. These EMAs are now acting as dynamic resistance, capping every upward attempt. 💎The #LTCUSD structure remains bearish as long as the price stays below the key resistance zone near $92.00, especially under $99.18, which marks the invalidation of the bearish setup. If that zone is broken convincingly with huge volume, we could see a short squeeze toward $104.00. Until then, the bias will stay on the downside. 💎Support at $77.41 might offer temporary relief, but if sellers break through that level, all eyes will shift to the strong demand zone at $66.17 — a region that has historically attracted high-volume buying and could serve as a potential bounce area. 💎Volume continues to decline, showing that momentum is fading with each bounce. This increases the probability of a breakdown continuation unless the trendline resistance is flipped with strength and backed by volume. Right now, the chart shows weakness, not reversal. Stay disciplined. The next big opportunity will come to those who wait not those who chase. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
FLOKI Can it hit $0.0010 by the end of the year?Floki Inu (FLOKIUSD) made a strong rebound from its April 08 bottom, which happened to be on the Higher Lows trend-line from its 2022 Bear Cycle Low. That was a major Buy Signal long-term and right now the price has found itself ranged within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line). A break above its 1D MA200 would by the next Buy Signal as it would confirm the full extension of this Bullish Leg. This is similar to what took place on Phase 2 after the start of the previous Bullish Leg (November 2023). That structure peaked at +2217% from the bottom. If the same price rally happens again, we can expect Floki to target 0.0010 by the end of the year, which will be marginally above the 0.5 Fibonacci level of the historic Fib Channel. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:FLOKIUSDLong
by TradingShot
Liquity 400% & 688% Easy Targets 600% is great, truly awesome. Do you agree? If you earn 600% on a $10,000 buy, wouldn't that be awesome? What about 400%? Both are good to me. Liquity is bullish and growing already. The chart drawings show a double-bottom and also how this support zone leads to a bullish wave. There was a full flush in 2025. Which means that the action went below the previous low, August 2024. This can be interpreted in two ways mainly: 1) LQTYUSDT is weak and for this reason it pierced below previous support. 2) There was plenty of liquidity at this level and the market couldn't let it go and it moved lower. So many people hold this coin. Bonus: 3) A full flush opens the doors for maximum growth. I am an optimist, so I always consider/favor the bright side. So I take it as a positive development; no more weak hands. Everybody who wanted to sell, sold. Everybody that remains in now is ready to hold. This opens the doors for huge long-term growth. These targets on the chart are easy targets and can hit within months. Just a few months and you can book a huge 400% profits on this trade. Liquity is bullish now. Strongly bullish. Thank you for reading. Namaste.
Long
by MasterAnanda
Bitcoin Daily: It Will Go Lower, I Will Explain WhyIt is hard to make these predictions because there are so many different points of view, so many opinions. There is so much data available that one can easily become confused. We can write an entire book about Bitcoin's next move and still not know what will happen next. I will keep it simple and straight forward and you will be able to understand and appreciate how easy it is when we focus on the chart only. Bitcoin is breaking below 100K. Bitcoin is already trading at support. The mid-May consolidation range. From this range Bitcoin produced an advance and hit a new all-time high. The all-time high is a triple-top when we take the highs from January 2025 and December 2024. The fact that the action happens below this level now is bearish and this range has been confirmed as resistance. The market will look for strength and this simply means lower. Since resistance has been confirmed after a 50% rise, it is normal to see a retrace, can be medium-sized to balance out the strong-long bullish wave. Bullish action was present between 7-April until 22-May, 45 days. The current retrace can take only a few weeks, think about 15-21 June as a rough estimate but nothing more (can end much sooner). If you are unprepared and don't have map of the bigger picture, this can become terrifying and even lead to poor decisions at some point. If you know that this is only a retrace and the market will continue growing after a test above 90K, you can rest easy or even take advantage of this situation. Now, what Bitcoin does is not the entire market. In a bull market, when Bitcoin moves down, money flows to the Altcoins. When Bitcoin goes sideways, the Altcoins grow. So dynamics will be much, much different now compared to what you saw in 2024, 2023 and 2022. The way the market will behave it is basically new for most participants. The conclusion is that all is good and the chart is pointing lower short-term. After a short-term retrace, we get additional growth. Simple isn't it? It is... Thank you for reading. Namaste.
CRYPTO:BTCUSDShort
by MasterAnanda
31
DigiByte 3 Years Consolidating; New All-Time High In Dec. 2025June 2022, literally. Actually, in May 2022 DigiByte enters the current price range. In fact, the low in May 2022 was the exact same price we have now. This means three full years of sideways action, consolidation. This sideways action is not a bearish development but bullish. The only time when volume produced a significant rise was in November 2024 and it was all bullish. This is the whales accumulation zone. Late last year the whales started to accumulate for what will happen later this year. Also notice that the correction in 2025 ended as a higher low compared to the low in early November 2024. This is all bullish but also all long-term based. This is not for the faint of heart. Patience is key. Big profits are possible for those who wait. A new all-time high is possible. In 2020-2021 the bull market lasted a little more than 400 days. Total growth amounting to 7,118%. The bottom happened in March 2020. You can see this on the chart as "market bottom." The same dynamics this time around would put a new all-time high around December 2025. We take the bottom in November 2024 and add up 413 days. A new all-time high is possible because we have a long-term higher low. Patience is key. Many pairs are in a similar situation. A bull market happens every 4 years in Crypto. 2013 » 2017 » 2021 » 2025. Thanks a lot for your continued support. Namaste.
Long
by MasterAnanda
3
Siacoin Next in Line: New All-Time High Late 2025The top performers in the previous months won't be the same this month. This month and in the coming months, a new group of altcoins will come to the front. Here is one I believe will be part of this group; Siacoin. Siacoin (SCUSDT) hit bottom November 2022, together with Bitcoin. The low in April 2025 resulted as a higher low compared to the 2022 bear market bottom. This is interesting because many pairs in the small cap group produced lower lows at this point. It is a signal of strength. Siacoin produced very little bullish action after the April low which means that this pair "is yet to move." It is still early and it has huge potential for growth in the latter part of 2025. There will be a very strong period of growth to end this year but we are not there yet. We are still seeing a recovery/consolidation/wake-up phase. It is all still a big mix but many pairs are moving ahead. The pairs that did good in this initial bullish breakout grew between 100 and 300%, exactly as predicted. Those that did poorly grew less than 50% and the rest, the group in-between, grew some 50-90%. On average. Allow for some variations of course. Every month or every other month, a new set of altcoins will come to the front. Choosing those can yield the best results. I think Siacoin is in the group that will move next. And this chart shows potential for a new all-time high in 2025. It is not shown though. Thank you for reading. And by the way, instead of aiming and waiting for the new all-time high, we can profit repeatedly from the 200-300% bullish waves. These will continue to happen. Namaste.
Long
by MasterAnanda
Link Correction complete? CRYPTOCAP:LINK Correction Nearing Completion? Key Levels to Watch Recap CRYPTOCAP:LINK continues to retrace and lose levels. Price action looks a bit incomplete on the Elliott wave side, but technicals suggest the retracement may be nearing its end. The Setup The cleanest scenario would see price make one more leg down into the 12.42 area. That level offers symmetry and structural balance for a completed correction. If instead price breaks above 15.008, it opens the door for the correction to be considered complete. Still, confirmation would require a strong reaction from that move—not just a quick wick. The Outlook A defense of 12.42 would keep the bullish scenario alive. A break below that level, however, would weaken the outlook and raise the probability of an extended correction or trend continuation lower. Namely an impulsive move down. Right now, we have a potential correction, we need the PA to provide proof of what we have. Wave 4s and 5s at matching degrees as what has printed are need to prove an impulse and an invalidation will prove otherwise. For now, the focus remains on reactions at these two levels. Watch closely— CRYPTOCAP:LINK could be setting up its next directional move.
COINBASE:LINKUSDLong
by CryptoKnee
2
BUSDT/USDT – Symmetrical Triangle Breakdown SetupBUSDT/USDT – Symmetrical Triangle Breakdown Setup BUSDT is currently trading within a symmetrical triangle pattern on the 4H timeframe, indicating price compression and a possible breakout or breakdown ahead. The price is now hovering near the lower trendline, and pressure is building up. A clean breakdown below the support trendline with volume could confirm bearish continuation, opening the door for further downside. The projected move, if breakdown confirms, could lead price towards the next key support zones. **Key Points:** * Triangle formation tightening * Watch for 4H candle close below the support line * Breakdown confirmation could trigger a short setup Keep this pair on your radar — confirmation and volume are key to validating the move.
Short
by Qaisrani-Trades
Bitcoin Weekly Outlook – June 2, 2025 Bitcoin ( BINANCE:BTCUSDT ) is holding strong above the psychological $100K mark, maintaining its bullish market structure on the weekly timeframe. However, technical indicators are flashing early signs of a possible short-term correction before another leg up. 🔍 Technical Analysis: Current price: $105.1K Key support zone: $89K (strong demand area + weekly structure retest) Resistance to watch: $120K (major weekly supply zone + psychological level) Stochastic RSI is currently overbought at 94+, which historically tends to trigger a healthy retracement before further upside continuation. 📊 Market Structure: BTC remains well above the 200-week EMA, keeping bullish momentum intact Higher Highs and Higher Lows are still in play Volume is steady, showing no major distribution at the moment 📈 Sentiment Check: Fear & Greed Index: 64 (Greed) → Suggests bullish sentiment is high → Greed often precedes short-term pullbacks or consolidation 🧭 Outlook: A short-term correction toward the $89K–$92K zone is likely, as part of a healthy market cycle. If support holds, BTC could rally back up with a mid-term target around $120K. ✅ Summary: 🔵 Bullish structure still intact ⚠️ Overbought signal = possible retracement 🎯 Mid-term target: $120K 🧘‍♂️ Don’t chase — wait for price to breathe, not break Let the market come to you. Trade smart, not just hopeful.
INDEX:BTCUSDLong
by x_Akki
TECHNICAL ANALYSIS – KASPA/USDT (Daily Chart) + TRADE PLANTECHNICAL ANALYSIS – KASPA/USDT (Daily Chart) Chart Pattern & Price Action: Descending Channel (Falling Wedge): KASPA has been trading within a falling wedge pattern, typically a bullish reversal setup. Breakout Zone Approaching: Price is currently testing the upper resistance of the wedge (~$0.086–$0.088). A breakout from this level may indicate trend reversal. Key Resistance Zone: $0.105 – $0.127: Significant supply area (marked in red). Previously rejected, it is the next target if price breaks out upward. Support Zone: $0.073 – $0.082: Demand zone. Coincides with the Bollinger Band lower range and historical support. Indicators Overview: Bollinger Bands: Price is trading at or near the middle band, showing a neutral-to-slightly bearish bias. A breakout above the upper band (~$0.0895) could trigger bullish momentum. MACD (VMC Cipher_B_Divergences): Strong bearish momentum continues, but we can observe potential bullish divergence forming. Green dot signal at the bottom may indicate a possible local bottom. RSI (Relative Strength Index): Currently at 37.06, near oversold territory. Could signal a bounce if RSI climbs above 40 and confirms strength. Money Flow Index (Art’ Money Flow): MFI is deep in negative; however, these levels often precede trend reversals. Watch for a crossover into positive territory as confirmation. Stochastic RSI: Bullish crossover around 14.53 / 15.67 in the oversold zone. Early sign of potential short-term bounce. TRADING PLAN Entry Points: Zone Type Price Range Reason Buy Spot 1 Conservative $0.073 – $0.082 Strong historical support & bottom of wedge Buy Spot 2 Aggressive ~$0.086 – $0.089 Breakout of descending wedge Buy Spot 3 Momentum Break above $0.105 Bullish confirmation + breakout of major resistance Take Profit Zones: TP Level Price Notes TP1 $0.105 First resistance / psychological level TP2 $0.127 Strong resistance – expect rejection here TP3 $0.15–0.16 Major extension target if strong momentum Stop-Loss Strategy: Strategy Type Placement Conservative Below $0.073 Aggressive Below $0.080 Risk Management: Use position sizing relative to account size (e.g., 1–3% risk per trade). Adjust stop-loss dynamically if entering at breakout. Combine with on-chain metrics or volume spikes for higher conviction. SCENARIOS: 🔼 Bullish Scenario (Blue Up Arrow): Breakout above wedge → retest → rally toward $0.105+ Break $0.105 confirms macro uptrend continuation 🔽 Bearish Scenario (Blue Down Arrow): Rejection at wedge top → breakdown of $0.082 → revisit $0.073 support Below $0.073 would invalidate short-term bullish structure
Long
by elfabiiani
98-101KMorning folks, Last time BTC was not able to provide the direction as it was standing in triangle and we prepared "neutral" update, waiting for triangle breakout. Now we see that this has happened to the downside and market just stands slightly above XOP target. So we consider 98-101K area as the nearest target. Second, once (and if) this action will be over - take look at H&S, and it could trigger stronger downside retracement. This it turn might be quite welcome for weekly reverse H&S pattern . That's being said, the first step that we're watching - is down to the potential neckline around 98-101K. Then we decided for to do next.
COINBASE:BTCUSDShort
by Sive-Morten
XAUUSD BULLISH OR BEARISH ------ DETAILED ANALYSISXAUUSD is currently forming a classic bullish flag pattern on the 12-hour timeframe after a strong impulsive rally from the 3145 demand zone. The consolidation is tight and orderly, holding above the key structure zone and forming lower highs and lower lows within the flag. This setup indicates a continuation pattern, and with price stabilizing around 3315, a breakout to the upside is increasingly likely. A clean breakout from the flag will likely ignite the next bullish wave toward the 3500 level. From a fundamental perspective, gold remains supported amid renewed market concerns around inflation persistence and global macro uncertainty. The latest US economic data, including slower job growth and declining consumer sentiment, is increasing speculation that the Federal Reserve might be nearing the end of its tightening cycle. This is weakening the US dollar and boosting safe-haven demand for gold. Additionally, central banks, particularly from China and emerging markets, continue to increase gold reserves—adding to long-term bullish sentiment. Technically, XAUUSD has already respected a strong demand zone around 3145 multiple times, which reinforces that institutional buyers are defending this area. The market structure remains bullish, and higher lows continue to form, aligning with a potential trend continuation. If price breaks above the flag resistance around 3325–3330 with volume confirmation, the bullish target of 3500 could be reached swiftly. As long as gold holds above the 3270–3280 support zone, the risk-reward setup remains favorable for long positions. With a confluence of strong fundamentals and a high-probability technical pattern, XAUUSD is setting up for a potential breakout rally. Traders should watch closely for breakout confirmation to ride the momentum toward new highs in this evolving bullish trend.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
BTCUSD..Chart pattern..Trade Setup (Short / Sell BTCUSD) Entry: 105,000 Resistance (Potential Invalidator): 109,000 Take Profit (TP): 1st Target: 96,000 2nd Target: 92,000 No stop loss specified — it's essential to define one for risk management. A common approach is placing SL just above resistance (e.g., 109,500 or 110,000). Risk & Reward (Assuming Stop Loss = 110,000) Risk (SL - Entry): 110,000 – 105,000 = 5,000 points Reward: TP1 (96,000): 9,000 points → Risk/Reward ≈ 1:1.8 TP2 (92,000): 13,000 points → Risk/Reward ≈ 1:2.6 Trade Notes Resistance at 109,000 should be monitored closely; a breakout above could invalidate the setup. Bearish confirmation (e.g., rejection candles or breakdown from trendlines) would add confidence to the short. Consider scaling out at 96,000 and trailing your stop for a potential move to 92,000. Market context matters — this type of short trade assumes BTC is overbought or facing macro resistance.
BINANCE:BTCUSDShort
by Money_Magnet5
15
EUR/USD CHART PATTERN.MY EUR/USD trade setup based on the 2-hour chart pattern: 🔻 Trade Type: Short (Sell) Entry: 1.13500 Resistance (Invalidation / Strong Resistance): 1.14140 Targets: 🎯 Target 1: 1.11300 🎯 Target 2 (Final): 1.10675 ⚖️ Risk-Reward Overview Target Reward (pips) Risk (pips) R:R Ratio 1st Target 220 64 3.44 2nd Target 282.5 64 4.41 🔹 Risk (in pips) = Resistance – Entry = 1.14140 – 1.13500 = 64 pips 🔹 Reward to 1st target = 220 pips 🔹 Reward to final target = 282.5 pips 📉 Chart Pattern Assumptions You mentioned a 2H pattern—though you didn’t specify, based on price action this could be: Bearish flag, double top, or rising wedge breakdown near resistance. ✅ Summary: Excellent risk-reward profile Tight resistance for SL Targets are realistic if momentum shifts lower Consider partial TP at 1.11300 and trail stop to breakeven for 1.10675
Short
by Money_Magnet5
25
LRC, LOOPRING, HOW MANY LOOPRINGS DO YOU THINK SONIC COULD EAT?Something is going on with this coin on the technical side. There is literally no downside target that I can see right now, so I just labeled in MASSIVE SUPPORT TREND. It looks like it is really close to making a move to the upside. Somewhere around .8 Then it will likely hit some resistance there, but has a lot of potential to keep building support and climbing. This coin looks incredibly bullish right now. Things can change fast and if they do it will likely be a break of this trend (green). The run up can take it to .45 and maybe a little higher, but the buy the dip price looks to be around .245. which would then take price higher to over 1 and beyond. I'm gonna go with 3684 looprings for sonic. What even is a loopring? I'll attach more crypto TA to this idea. oh and don't follow the guideline, pay more attention to the trends and price zones.
COINBASE:LRCUSDLong
by nicktussing77
18
840% Rocket Pool—500% Potential Profits @$30 Conservative TargetI found a good chart setup. Rocket Pool peaked its initial bullish breakout 11-May and has been sideways for the past few weeks. The chart is showing that the retrace is over/complete. The initial breakout, between 7-April and 11-May, produced a total of ~135% growth. This happened in a little over a month. The retrace ended as a clear-classic higher low and trading volume has been very high leaning towards the bullish side. This is a strong giveaway signal. Market conditions are bullish for this pair. A continuation can happen anytime. One thing though, there can be lower prices. Say a little more retrace and drop above the 6-May low at $3.85. There can be another drop if there isn't enough momentum to move higher and the higher low ends at $3.90. This is something that we have to wait and see. Both scenarios are high probability; straight up next week, or more consolidation before additional growth. Both scenarios are bullish on all timeframes. Regardless of the short-term, Rocket Pool (RPLUSDT) is set to grow. A very nice target here goes for 840%. This is a strong target but also easy to achieve later this year. Another target, strong but more conservative, is found around $30 for a 500% potential profits. Thank you for reading. Namaste.
Long
by MasterAnanda
$UNI - $10 from here?Hi guys! 👋🏻 🔔I'll be trying this setup for Uniswap 🔔 We have bounced from the strong support at $4.80, which we retested in April 25 and May 7 forming a pattern impersonating a double bottom 🔔 With the current chart pattern and levels, I'll be expecting a jump with a target on $10. 🔔 Might drop to $5.70 before another move upwards. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
GEMINI:UNIUSDLong
by azizelliott
1
Vana, Easy Short-Term 180% Target—Profits vs Greed—350% NextI am giving you this one as a short-term chart setup. Vana has been rising since mid-March and I sense this chart becoming stronger by the day. The fact that the action is still happening at bottom prices after months of sideways is also good. This means that the breakout will be a surprise and super strong. Our target can hit within days once resistance break. Something like more slowly rising challenging upper resistance. Once this break, a huge big candle with 50-60% green. Then another one and another one until the market settles within the bullish zone. After the initial burst, a small retrace followed by long-term growth. This trading is so easy it should be illegal. All that is needed is to buy and hold. The market takes care of the rest. Profits can come in a week's time, just as it can come within several months; it doesn't matter, we wait. Better to have sure certain profits playing wisely the market, than losing everything out of greed and with high lev. A win is always more profitable than a loss, no matter what our ego says. Our ego will say, "If it is going up anyways, why not go all-in with 10X?" When this reasoning takes over, the market is about to turn. The truth is that nothing is certain and since the bots can adapt live, when too many people go into the same reasoning, then no more growth, the market needs to remove all this greed before moving ahead. For us, the thinking goes something like this, "If I can make money easy with 100% certainty, why take such a huge risk?" "I can simply hold and wait. I rather make $10,000 safe and secure, than lose $2,000 thinking of earning the same day." The thinking goes like this, "The truth is that I've been tempted before, my ego tends to lie and instead of a win, I end up with a major loss. I will be patient, I trust Master Ananda and his winning strategy through buy and hold." The market can end up moving faster than before. We are in June 2025. There isn't much time left. We are going to be bullish for months and months and months. The retraces, the corrections, the consolidation... It is all over, we are going up. Namaste.
Long
by MasterAnanda
Gains Network, Another Higher Low & Bullish (2025 Bull Market)You know how I like to share lots of proof to support my thesis. Everything I share is data-supported. Whenever I am sharing speculative opinion I let you know. So I tell you the altcoins are growing—based on technical analysis—and will continue to grow. But after this one, we are going to move on. Here we have Gains Network (GNSUSDT) and another higher low. The higher low confirms the bulls are in, present, active. The higher low confirms that buyers are ready to buy even before the last low is reached. The higher low keeps the bullish chart structure intact. Higher highs and higher lows is the actual definition of an uptrend, rising prices. The low happened 3-February. A double-bottom 7-April. Yesterday, 31-May, we have a higher low compared to April and February. Bullish confirmed. This is not only a positive signal in the sense that the market will continue growing, this is a very strong buy signal in the sense that you can go all-in, buy like is the end of the world because prices will never be any lower. You see, a higher low will lead to a higher high. The last high happened mid-May ~50% higher. The next high will be something amazing and unexpected. The deal is that by now, market participants are highly conditioned to seeing weak bullish price action. Whenever there is strong action it is capped and there is a correction. So prices grow and you miss selling because you were waiting for more. You learned your lesson, this time you are committed to taking profits at 30%-50% but guess what, the market keeps on going and grows 200%-300%. This is not the time to think small, think big, think long-term. This is not the time (the coming wave) to be happy with 20-30% because you missed the previous wave. The next wave will be one of the biggest of this newly developing bull market. I am warning you ahead of time so you can prepare. Buy and hold while aiming for the moon and the beyond. No rockets, aim with your mind because the moon is in a different dimension, you are just seeing its shadow, kind of a reflection. So aim up as in the direction of growth, but we know we cannot get there with a rocket, we will need higher vibrations and these vibrations will let us reach our dreams and fulfill our goals. Namaste.
Long
by MasterAnanda
Streamr Confirms Altcoins Market Continues BullishThis is the altcoins market bullish confirmed. The bottom happened 7-April 2025. This week we have a higher low; period. This higher low confirms what I've been saying that we are bullish. Now, Streamr is a classic pair, and thus it has a classic chart and many other projects move in the exact same way. So you can know what many are doing and will be doing by looking at this chart. The bottom came in April and now we have a higher low. This higher low is a retrace from the initial bullish breakout. From this higher low we will get very strong, sustained long-term growth. We are talking about months of bullish action. Can be 3-6 months. Spot traders can continue to accumulate (buy and hold). The current retrace is an opportunity to buy-in, buy more, rebuy and reload at the best possible prices before the 2025 high-bullish momentum bull market. I will keep it simple as this chart is meant to show that the bullish potential, bias and chart structure cannot be broken unless we get lower lows. Even if the 7-April low is challenged, we know this is a stop-loss hunt event because a new low would require the extension of the previous low rather than the same level being tested. Anyway, we are going up and this growth will happen long-term. Think June, July, August, September, October, November... And on and on. Thank you for reading. If you enjoy the content, you can follow for more. Namaste.
Long
by MasterAnanda
Ethereum Vs Bitcoin —Bare Minimum, 222.22% Profits Bullish WaveEthereum's current move vs Bitcoin —ETHBTC— is over-extended: 1) The drop has gone way beyond the 0.786 Fib. retracement level, almost reaching 1 (which means a 100% correction). 2) Trading volume is non-existent. Which means that this move is not supported by real people. 3) The RSI is oversold. Which means that the current action is very likely reaching its end. 4) Ethereum (ETHBTC) is trading at, and activated, the lowest prices since late 2019. The main support zone for this pair. The current bearish move is over-extended and is showing many weaknesses, a trend reversal can happen any day. ETHBTC has been dropping since December 2021. A market can only take so much. The minimum target for the reversal is the baseline level. Just as ETHBTC went down to test its 2019 support but with a higher low, as soon as this support zone is reached the reverse becomes true. Now ETHBTC needs to test its late 2023 early 2024 resistance zone. This level is likely to break and price reach higher but this is the bare minimum. » The bare minimum is a nice 222.22% profits potential bullish wave. Namaste.
Long
by MasterAnanda