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Shiba Inu (SHIB) Shows First Major Bullish Signal Amid Market ReAfter weeks of downward pressure, Shiba Inu (SHIB) (traded on WhiteBIT) has recorded its first notable bullish retrace, hinting at a potential trend reversal. The asset is currently trading near $0.00001337 and has successfully broken above the 26-day EMA—a key technical level that often signals the start of broader upward momentum. This breakout is significant, marking SHIB’s first major move above resistance since February’s downtrend. The token’s local support now sits at $0.0000122, and if bullish momentum continues, SHIB could target the next major resistance at the 50 EMA ($0.0000145). A further push above this level could solidify the reversal. Additionally, the Relative Strength Index (RSI) at 50.75 suggests growing buying pressure. A move above the 55-60 zone would reinforce the bullish setup and potentially trigger further gains. With market liquidity also increasing, traders seem to be re-entering SHIB, setting the stage for possible continued upside.
Short
by paul_endeo
Others looking for a strong reboundThe chart for OTHERS is showing promising signs of bullish strength, with a clear formation of a Cup and Handle pattern. This classic technical pattern often signals a potential breakout after a period of consolidation, indicating that the asset is likely to experience a significant upward movement. Cup Formation: The initial downtrend, followed by a gradual recovery, is forming the left side of the "cup." The price movement is showing signs of stabilization and consolidation, which is typical for this pattern. The rounded bottom suggests a period of accumulation, with buyers gradually gaining control over the market. Handle Formation: The handle is currently in development, which is characterized by a slight downward or sideways movement after the cup. This consolidation phase generally represents a final opportunity for accumulation before the asset breaks out to the upside. Price Target: If the pattern follows typical behavior, we can expect a breakout near the upper resistance level formed by the rim of the cup. This breakout could potentially lead to significant price movements, particularly around October and November 2025 when the formation is expected to peak. This aligns with the typical timing for such formations, as the final breakout is often seen after the completion of the handle. Volume: Watch for an increase in volume as the price breaks above the handle’s resistance level. Strong volume during the breakout would confirm the bullish momentum and could lead to sustained upward movement. Key Levels to Watch: Support: Around the bottom of the cup, where the price has stabilized. A break below this level could negate the bullish thesis. Resistance: The peak formed by the rim of the cup, which, once broken, could trigger the breakout. In conclusion, OTHERS appears to be in a strong position with the potential for significant upside if the cup and handle pattern completes as expected. Keep an eye on the upcoming months, especially October and November 2025, for the possible peak and breakout.
CRYPTOCAP:OTHERS
by ZeltaPoint
From Rejection to Explosion: PI Breaks FreeThe price of PI/USDT has been moving within a well-defined falling channel, consistently facing rejection from the upper trendline and finding support at the lower boundary. Notably, the price has bounced multiple times from the falling support line, indicating it as a significant dynamic zone. Recently, the price broke out of this descending channel with strong momentum, suggesting a potential trend reversal. The breakout candle is accompanied by high volatility, signaling bullish strength. Additionally, the previous support zone, which turned into resistance, has now been reclaimed. This flip adds further bullish confirmation.
Long
by unichartz
Ethereum (ETH/USD) – Potential Breakout from Range Towards $2,50📊 Chart Insights: ETH/USD is currently ranging near the $1,950 zone, following a consolidation phase. A strong resistance zone is visible between $2,302 - $2,527, which has historically acted as a rejection point. Support levels are established around $1,824 - $1,909, forming a strong base for price action. A breakout above the current range could signal a bullish move toward the $2,302 resistance level, with a further target at $2,527. 📈 Trading Plan: ✅ Entry: Buy above $1,966 on confirmation of breakout. 🎯 Targets: $2,302 and $2,527 for profit-taking. ❌ Stop Loss: Below $1,909 to manage risk. 📉 Bearish Scenario: If ETH fails to hold $1,909, a retest of $1,824 is possible. 🔥 Ethereum could see a strong rally if momentum builds above resistance! Are you ready?
BINANCE:ETHUSDLong
by PIPsOptimizer
Ethereum’s Trendline Support Holds Strong! Time to Long?CRYPTOCAP:ETH is currently testing a key support trendline, which has historically provided strong buying interest. This level has acted as a critical zone for bullish rebounds in previous market cycles. The 100 EMA (Exponential Moving Average) is positioned above the price, indicating potential resistance on any recovery attempts. If ETH maintains support at this trendline, it could trigger a bounce towards the ATH resistance zone around $4,400. DYOR, NFA Please hit the like button and leave a comment!
Long
by unichartz
Ethereum (ETH/USD) - Potential Breakout from RangeEthereum (ETH/USD) - Potential Breakout from Range Chart Overview: The price of Ethereum (ETH/USD) has been consolidating within a range after breaking out of a long-term downtrend channel. A strong support level is identified around $1,852, which has been holding the price steady. A resistance zone near $2,076 is acting as a short-term barrier for upward movement. Trading Idea: If ETH successfully breaks above the range, it may trigger a bullish move towards $2,539 and potentially $2,854. Entry Strategy: Wait for a confirmed breakout above $2,076 with strong volume. Stop-Loss: Below $1,852 to minimize risk. Market Sentiment: ETH/USD is showing signs of accumulation, and a breakout could signal a new bullish trend.
BINANCE:ETHUSDLong
by PIPsOptimizer
Bitcoin (BTC/USD) – Bullish Breakout in Progress📈 Chart Pattern: Bitcoin has been trading inside a descending channel for several weeks. Recently, BTC has broken out of the channel’s upper boundary, indicating a potential shift in momentum. 🔹 Key Levels: Support: $80,043.75 (Critical stop-loss level) Resistance: $87,500 (Short-term) Target: $92,944.17 (Upside projection) 📊 Trading Plan: BTC might retest the breakout zone before continuing the upward move. A confirmed higher low formation could signal strong bullish momentum. If BTC remains above $85,500, further upside toward $92,944.17 is possible. ⚠️ Risk Management: If BTC drops below $80,043.75, the bullish setup could become invalid. Traders should wait for confirmation before entering long positions. 💡 Conclusion: This breakout could lead to a strong uptrend, but traders should watch for a successful retest before making a move. 🚀🔍
BINANCE:BTCUSDLong
by PIPsOptimizer
Ethereum will make a major Breakoutanalysis the chart Let’s analyze the provided Ethereum (ETH/USD) chart on a daily timeframe from TradingView, focusing on the key technical elements and trends: 1. Overall Trend The chart displays a significant bullish trend for Ethereum, with the price rising from around $2,200 in early 2024 to approximately $4,000 as of the latest data point (March 18, 2025). The upward movement is marked by a sharp breakout, indicating a strong shift in momentum from consolidation to a rapid ascent. 2. Price Levels and Targets Current Price: Approximately $4,000, with a previous support/resistance zone around $2,200. The chart highlights a major breakout above the descending triangle pattern, suggesting potential for further upside, though no specific price target is explicitly labeled beyond the current level. 3. Technical Patterns Descending Triangle: The chart features a descending triangle pattern, typically considered a bearish continuation pattern. However, the recent price action has broken out upward through the upper resistance line (around $2,200-$2,500), invalidating the bearish outlook and turning it into a bullish reversal signal. Accumulation Phase: A clear accumulation zone is marked near the lower boundary of the triangle (around $2,200), where the price consolidated before the breakout. This suggests strong buying interest built up at this level, supporting the subsequent rally. 4. Support and Resistance Support: The $2,200 level, which acted as the lower boundary of the triangle, now serves as a potential support zone if the price pulls back. This level could be retested as new support following the breakout. Resistance: The next resistance is not explicitly marked, but the rapid upward move suggests the price may face selling pressure around previous highs (e.g., $4,500-$5,000) or psychological levels like $5,000, based on Ethereum’s historical behavior. 5. Volume and Momentum Volume data isn’t shown, but the steep upward slope post-breakout indicates significant buying pressure and momentum. A breakout with high volume would further confirm the strength of this move. 6. Timeframe and Projection The chart spans from late 2023 to mid-2025, with the major breakout occurring around early 2025. The sharp rise suggests this bullish momentum could continue in the short to medium term, potentially pushing Ethereum toward new all-time highs (above $4,800, its previous peak). 7. Key Observations The upward breakout from the descending triangle is a powerful bullish signal, often indicating a reversal of prior bearish pressure and the start of a new uptrend. The accumulation phase near $2,200 reflects a period where buyers absorbed selling pressure, setting the stage for the breakout. Potential risks include a pullback to retest the broken resistance (now support) at $2,200-$2,500, or overextension if the rally lacks consolidation. Monitoring for overbought conditions (e.g., via RSI or other indicators) could be prudent.
BINANCE:ETHUSDLong
by sohaibfx
Bitcoin's epic journey to $160K1. Overall Trend The chart shows a long-term bullish trend for Bitcoin, with the price rising significantly from around $50,000 in early 2023 to approximately $123,130 as of the latest data point (March 18, 2025). The upward movement is characterized by a series of higher highs and higher lows, indicating strong bullish momentum. 2. Price Levels and Targets The chart highlights a projected target of $160,000, labeled as "Reaching at 160K." This suggests the analyst anticipates a potential breakout or continuation of the current uptrend to this level. Current price: Approximately $123,130, with previous support/resistance zones marked at $77,917 and $56,707. These levels likely represent significant historical support where accumulation occurred. 3. Technical Patterns Ascending Triangle: The chart features an ascending triangle pattern, a bullish continuation pattern. The upper resistance line slopes downward slightly, while the lower support line slopes upward, converging toward a breakout point. The recent price action appears to have broken above this triangle, supporting the bullish outlook. Accumulation Phases: Two distinct accumulation zones are marked: The first accumulation phase is around the $56,707 - $77,917 range, where the price consolidated before the initial breakout. The second accumulation phase is near the $100,000 - $120,000 range, followed by a sharp upward move toward the current price and the projected $160,000 target. 4. Support and Resistance Support: The lower boundary of the ascending triangle and the accumulation zones (e.g., $77,917 and $56,707) act as potential support levels if the price pulls back. Resistance: The next major resistance is implied at $160,000, where the price may face selling pressure or consolidation before potentially moving higher. 5. Volume and Momentum While volume data isn’t explicitly shown, the sharp upward move after the breakout from the triangle suggests increasing buying pressure and momentum, typical of a strong bullish trend. 6. Timeframe and Projection The chart spans from early 2023 to mid-2025, with the $160,000 target likely projected to be reached by mid-2025, aligning with the current trajectory and historical bullish cycles.
BINANCE:BTCUSDLong
by sohaibfx
1
Bullish Divergence Spotted! Is ONDO Ready to Pump?The price of ONDO/USDT is currently trading within a broader sideways range, respecting both the upper resistance and lower support levels. The falling resistance trendline has been acting as a strong barrier, rejecting the price multiple times. However, a bullish RSI divergence is forming at the lower support zone, signaling a potential reversal or bounce. If the price holds above the support, a breakout above the trendline could trigger an upward move towards the upper resistance zone. On the downside, losing support could lead to further weakness.
Long
by unichartz
Bitcoin Technicals Flash Warning – Smart Money Watching!Bitcoin has been forming a series of lower highs and lower lows since its all-time high (ATH) of $109,568, indicating a potential downtrend. The support level, which previously held strong, has now been broken and is acting as resistance. The recent price movement suggests a retest of this broken support, which could confirm further downside if rejected. The 100 EMA is positioned above the price, reinforcing bearish pressure. If BTC fails to reclaim this level, the price may continue to decline. RSI is hovering around 41.51, indicating weak momentum, with no strong bullish signals yet. Bullish Scenario: A reclaim of the broken support and a move above $90,000 could invalidate the bearish setup. Bearish Scenario: A rejection from this level could lead to further downside, potentially targeting $75,000-$72,000.
Short
by unichartz
TON Main trend 16 03 2025Logo of rhymes. Gann fan for understanding the logic of trend development and dynamic levels of support and resistance. Time frame 1 week, for full orientation in the trend and potential targets. Key price reversal zones on which the trend development depends are shown with arrows. Conservative and adequate targets in the medium and long term. Everything above, as for me, should not worry you much, but this is purely my opinion, nothing more. 🟡 Pay attention how clearly the percentages of large triangles and time reversal zones are worked out according to the algorithm. Someone who is far from trading says that TA does not work on cryptocurrency. TA is a banal logic, an exchange algorithm (you need to be tied to something), real supply/demand (market participants) and manipulative supply/demand, that is, large market participants (exchanges, funds, creators). In the development of the trend, there is a fractal behavior of the price in the trend at the moment. Perhaps this logic will continue. The secondary, downward trend formed a wedge-shaped formation, as before. 1 day time frame 🟣 Currently locally an aggressive buyback is taking place (probably, as an excuse for the price movement, some positive news was released) from the dynamic support of the fan (on the 5-minute time frame, after the impulse-buyback, a bullish triangle was formed in consolidation, and now its goals are being realized). If after a rollback on the senior time frame (1 day, 1 week) this zone is preserved - a reversal of the secondary trend. At the moment, the price is moving within the wedge canvas, locally there is a complete absorption of the bearish candle on the weekly time frame. 🔴 Also, if there is a test of this reversal zone (less likely) , then the price can consolidate according to the logic of the descending wedge. Price consolidation, especially not overcoming the dynamic former fan support on a repeated retest — a decline to begin with to the median (red dotted line) of the range. On the chart you will see an "illogical" head and shoulders. This is an extremely unlikely scenario, but I will describe it just in case, so that you take this into account in your money management (not risk management).
Long
by SpartaBTC
5
Bitcoin will reach $221,000The chart explicitly labels a "Breakout" point around December 15, 2024, where the price moves above the $80,000 resistance level of the ascending triangle. This breakout is a significant technical event, suggesting strong buying pressure and a continuation of the uptrend. Following the breakout, the chart notes a "Retracement" phase, where the price pulls back to test the breakout level (now acting as support at approximately $80,000). This behavior is common in technical analysis, as prices often retest previous resistance levels after a breakout to confirm support. As of March 14, 2025, the current price of $80,228.30 is just above the $80,000 level, suggesting the price may be in the early stages of this retracement or has recently stabilized after testing the support. This positioning indicates potential buying opportunities for traders looking for entry points near this level, with expectations of further upward movement. Projected Price Target: $221,000 One of the most notable annotations on the chart is the "TG $221,000" label, which stands for "Target Price" of $221,000. This target is projected based on the breakout from the ascending triangle, likely calculated by taking the height of the triangle (the difference between the resistance at $80,000 and the lowest support at $55,000, which is $25,000) and adding it to the breakout level ($80,000 + $25,000 = $105,000). However, the chart's projection to $221,000 suggests a more aggressive target, possibly involving a multiple of the height (e.g., 3x the height, $80,000 + $75,000 = $155,000, still not reaching $221,000) or a Fibonacci extension beyond standard calculations. Given the significant gap between the current price ($80,228.30) and the target ($221,000), this projection is an unexpected detail, implying a potential multi-fold increase in Bitcoin's value. It aligns with the chart's bullish patterns but involves considerable uncertainty, as market conditions, macroeconomic factors, and adoption rates could influence actual price movements. Additional Technical Observations Beyond the ascending channel and triangle, the chart includes several other technical elements: Support and Resistance Levels: The $80,000 level, initially a resistance during the triangle, becomes a key support level post-breakout. The lower trendline of the ascending channel also acts as dynamic support throughout the uptrend, providing a floor for price corrections. Volume Indicator (Implied): While not explicitly shown, breakouts like the one labeled are often accompanied by increased volume, which would confirm the strength of the move. Without a visible volume histogram, this remains an inference. Fibonacci Retracement (Potential): The retracement after the breakout could be analyzed using Fibonacci levels (e.g., 38.2%, 50%, 61.8%) to identify key support zones, though these are not drawn on the chart. Momentum and Moving Averages (Implied): Although not visible, momentum indicators like RSI or MACD could provide additional insights. For instance, a strong breakout might correlate with overbought RSI, while the retracement could indicate a return to neutral levels. Moving averages (e.g., 50-day, 200-day) might have supported the uptrend earlier, with the price potentially approaching these for support during retracements. Implications for Traders The analysis suggests Bitcoin is in a robust bullish trend, supported by the ascending channel, triangle breakout, and projected target. Traders may consider the following strategies: Buy on Pullbacks: Look for buying opportunities near the $80,000 support level, especially if volume and other indicators confirm buying pressure. Target Setting: Use the projected target of $221,000 as a long-term goal, but be mindful of market volatility and external factors that could affect price. Risk Management: Given the significant gap to the target, set stop-loss levels below key support (e.g., below $80,000) to manage risk.
BINANCE:BTCUSDLong
by sohaibfx
Uniswap will reach 150$Technical Analysis of Uniswap Chart Overall Trend and Structure: The chart shows a multi-phase trend: an initial upward move in mid-2024, a consolidation phase with lower highs and lower lows forming a descending pattern, and a sharp bullish breakout in early 2025 (around March 2025). The recent steep upward movement suggests strong buying pressure, potentially indicating a breakout from a corrective pattern (e.g., descending triangle or wedge). Key Trendlines and Levels: Descending Trendline: The orange descending trendline connects the lower highs during the consolidation phase, acting as resistance. The price breaking above this trendline in early 2025 is a bullish signal, suggesting the end of the corrective phase. Horizontal Support/Resistance: The orange horizontal line near the middle of the chart likely served as support during consolidation (possibly around $10–$12 on an adjusted scale). The breakout above this level reinforces bullish momentum. Recent Surge: The vertical orange line on the right indicates a rapid price increase, potentially pushing UNI from the $10–$12 range to $15–$20 (adjusted from the $16,000,000 mark on the y-axis, assuming a $0–$30 scale). Candlestick Patterns and Momentum: The candlesticks show volatility, with green candles dominating the recent surge, indicating strong bullish momentum. Red candles during consolidation suggest profit-taking or selling pressure that has now been overcome. The steepness of the rise suggests high volume or a catalyst (e.g., news, DeFi adoption, or Ethereum ecosystem developments), though volume data isn’t visible. Potential Technical Patterns: The chart resembles a descending triangle or wedge breakout. A descending triangle typically signals a bearish continuation, but an upward breakout (as seen here) can indicate a reversal to a bullish trend, especially if supported by volume. The breakout above the trendline suggests a potential target measured by the height of the triangle base (e.g., if the base is $5 wide, add $5 to the breakout point, targeting $20–$25). Support and Resistance Levels: Support: The broken trendline and horizontal line (now support) around $10–$12 are critical. A pullback to retest this level would be a common post-breakout behavior. Resistance: The next resistance might be at the recent high (e.g., $20) or a psychological level like $25, based on historical UNI peaks (e.g., its all-time high of $44.97 in May 2021). Overbought conditions could emerge if the rally continues unchecked, warranting caution. Market Context and Sentiment: Uniswap, as a leading DeFi protocol, benefits from Ethereum’s ecosystem growth, protocol upgrades (e.g., Uniswap v4 or Unichain), and increasing DeFi adoption. The recent surge might reflect such developments in early 2025. Web-based price predictions for March 2025 vary widely: averages range from $6.30 to $12.69, with highs up to $13.58–$25.75, suggesting the chart’s surge aligns with an optimistic scenario. Posts on X indicate mixed sentiment, with some noting bearish pressure earlier in March (-30% reported) but others highlighting bullish potential if demand zones hold. The chart’s bullish breakout contrasts with some bearish technical indicators (e.g., RSI oversold at 34.69 noted on X), suggesting a possible short-term correction after the rapid rise. Interpretation and Outlook Bullish Case: The breakout above the descending trendline and horizontal support signals a strong bullish reversal. If momentum continues, UNI could target $20–$25 in the near term, supported by DeFi growth and market sentiment. A retest of $10–$12 as support would confirm the breakout’s validity.
BINANCE:UNIUSDLong
by sohaibfx
1
SEI will reach at 1.4$ Price Movement and Trend: The chart shows a significant upward movement starting around mid-2024, peaking at a high (likely around $1.14-$1.20 based on the vertical scale), followed by a sharp decline. After the peak, the price enters a consolidation phase with lower volatility, fluctuating around the "Accumulation zone" marked at approximately $0.196746. A recent upward trend is suggested, with the price appearing to approach or break above the $1.143922 level (labeled as "Target 1.4$"), indicating potential bullish momentum. Accumulation Zone: The "Accumulation zone" is identified around $0.196746, which seems to act as a support level where the price has stabilized after the decline. This zone likely represents a range where buyers have been accumulating the asset, potentially preparing for the next upward move. The prolonged consolidation in this range suggests a period of low selling pressure and possible buying interest. Target 1.4$: The chart highlights a target price of $1.4, with the current price nearing $1.143922. This suggests that the analyst or trader anticipates a potential rise to $1.4 if the current upward trend continues. The upward arrow and the proximity to this target indicate a bullish outlook, possibly driven by a breakout from the accumulation phase. Volume and Candlestick Patterns: While the chart doesn’t explicitly show volume bars, the candlestick patterns (green for bullish, red for bearish) indicate periods of buying and selling pressure. The recent green candles suggest increasing buying interest. The sharp drop after the peak and the subsequent consolidation could indicate profit-taking followed by a base-building phase. Timeframe and Context: The chart covers a period from mid-2024 to March 2025, with the current date being March 14, 2025. This long-term view suggests the analysis is focused on a medium-to-long-term trend rather than short-term fluctuations. The upward trajectory toward $1.4$ might be based on technical analysis (e.g., resistance levels, Fibonacci extensions, or historical price action), though specific indicators are not visible. Interpretation: The chart suggests that SEI/USDT has undergone a significant rally, followed by a correction and consolidation in the accumulation zone around $0.19-$0.20. The recent upward movement toward $1.14 indicates a potential breakout or continuation of an uptrend. The target of $1.4$ could represent a resistance level or a projected price based on the analyst’s strategy (e.g., a measured move from the accumulation range). Traders might interpret this as a buying opportunity if the price holds above the accumulation zone, with a stop-loss potentially set below $0.19, aiming for the $1.4 target.
BINANCE:SEIUSDLong
by sohaibfx
Bitcoin (BTCUSD) Rejection – Bearish Move Incoming?📉 Key Observations: Resistance Zone (Purple Box): Price has tested this area and faced rejection. Bearish Projection (Gray Box & Arrow): The chart anticipates a drop towards the $76,800 - $77,000 range. Liquidity Grab? Price might consolidate before a sharp decline. ⚠️ Possible Scenarios: Rejection Confirmation 🔻: If BTC fails to reclaim $84,470, selling pressure could increase. Breakout Fakeout? 🤔: A deviation above resistance followed by a dump remains a risk. 🎯 Levels to Watch: Resistance: $84,470 - $85,078 Support: $80,000 and $76,825 🔥 Final Take: If BTC struggles below resistance, a short setup could play out. Confirmation is key!
BINANCE:BTCUSDShort
by MrStellanSight
2
Bitcoin’s Wild Ride: Up or Down, I’m Watching!Hey there, trading family—just chilling and watching Bitcoin like it’s my buddy on a rollercoaster. It’s hanging out near that FWB:83K spot, and I’m like, “Dude, if you bust through, I can see you tearing up to $120K-$130K—time for a high-five and a snack!” But if you start slipping with those lower lows, no biggie. You might drop to $79,600, then maybe $78,700, $77,000, or even $73,500. I’m just kicking back, enjoying the show—up or down, it’s all good vibes! If you liked this, comment below, boost, or follow—let’s keep the trading love going! Kris/ Mindbloome Exchange Trade Smarter Live Better
BITSTAMP:BTCUSDShort
by Mindbloome-Trading
Bitcoin’s Fair Value Gap Filling – Will Trendline Hold?Bitcoin is currently trading at its rising trendline support, which has been a key level for price action. On the 5D timeframe, BTC is respecting this strong upward trendline, indicating that buyers are stepping in to defend it. The previous resistance has now turned into support, adding confluence to this critical level. If BTC holds here, it could signal a bullish continuation, while a breakdown may trigger further downside. On the 1D timeframe, BTC is filling the Fair Value Gap (FVG), a liquidity zone where price typically seeks balance before making the next move. The Stoch RSI is in the oversold region, suggesting that a bounce could be on the horizon if demand picks up. Bullish Scenario : Holding above the trendline and reclaiming $81,500+ could trigger another leg up. Bearish Scenario : Losing the trendline support and breaking below $76,000 could lead to deeper correction. Key Levels to Watch: ✅ Bounce from $76,000-$78,000 → Potential bullish reversal ⚠️ Break below $76,000 → Risk of further downside
Long
by unichartz
2
Ethereum will move to the upside1. Current Price and Context The current price of ETHUSD is $1,848.22, as indicated by the red label at the bottom right of the chart. This price represents a significant decline from earlier highs, suggesting a corrective phase following a prior uptrend. 2. Price Movement and Trend The chart shows a sharp upward movement starting in early 2024, with the price reaching a high near $4,000 (orange horizontal line). After this peak, the price entered a correction phase, dropping steadily. The downward movement is marked by a descending triangle pattern, a bearish continuation pattern characterized by lower highs and a flat or slightly declining lower trendline. The upper trendline of the descending triangle slopes downward, while the lower support level was initially around $2,100 (orange horizontal line labeled "Correction"). 3. Breakdown and Support Levels The price has recently broken below the $2,100 support level, which could indicate a continuation of the bearish trend or a potential exhaustion point. The current price of $1,848.22 is near a significant low, with the chart suggesting this as an "Opportunity to go for long" (yellow annotation). This implies that some traders might see this as a potential reversal point to enter a long position, anticipating an upward move. 4. Potential Targets and Resistance The chart projects a potential upside target near the previous high of $4,000 if the price reverses and breaks out of the descending triangle pattern. The vertical orange line at $4,071 suggests a psychological or technical resistance level that the price approached earlier in the trend. 5. Technical Observations Descending Triangle: This pattern often signals a continuation of a downtrend unless a strong bullish reversal occurs. The breakdown below $2,100 supports the bearish case, but the current low at $1,848.22 could act as a support zone if buying interest emerges. Volume (not shown): Without volume data, it’s hard to confirm the strength of the breakdown or potential reversal. Typically, a breakout with high volume would carry more significance. Timeframe: The 12-hour chart suggests this is a medium-term analysis, suitable for swing traders looking for opportunities over days or weeks. 6. Possible Scenarios Bullish Scenario: If the price holds above $1,848.22 and starts to recover, it could test the $2,100 level again. A break above $2,100 with strong momentum might signal a return to the $4,000 range, aligning with the "Opportunity to go for long" annotation. Bearish Scenario: If the price fails to hold $1,848.22 and continues to decline, it could test lower support levels (e.g., $1,500 or below), indicating further correction.
BINANCE:ETHUSDLong
by sohaibfx
Bitcoin will reach at $221,0001. Overview of the Chart Asset: Bitcoin (BTC) / USD Timeframe: Daily (D) Platform: TradingView Date Range: Approximately mid-2023 to March 11, 2025 Current Price (as of Mar 11, 2025): $76,697.39 (shown in the top right corner) 2. Price Movement Historical Trend: From mid-2023 to late 2024, Bitcoin shows a steady uptrend with some corrections. The price rises from around $25,000–$30,000 to a peak near $100,000 by late 2024. Recent Action: After hitting a high around $100,000 in late 2024, the price corrects downward, dropping to around $75,000–$80,000 by early 2025. The current price as of March 11, 2025, is $76,697.39, indicating a slight recovery or stabilization after the correction. 3. Technical Patterns Ascending Triangle Formation: The chart shows an ascending triangle pattern from mid-2024 to late 2024. This pattern is characterized by: A flat resistance line around $95,000–$100,000 (the horizontal line where the price struggles to break through multiple times). An ascending support line (sloping upward), indicating higher lows as buyers step in at progressively higher prices. Breakout: In late 2024, the price breaks above the resistance of the ascending triangle, reaching a high near $100,000. This breakout is typically a bullish signal, often leading to a continuation of the uptrend. Target Calculation: The target for an ascending triangle breakout is often calculated by measuring the height of the triangle (from the base to the resistance) and projecting it upward from the breakout point. The height of the triangle appears to be roughly $30,000 (from the base around $65,000 to the resistance at $95,000). Adding this to the breakout point of $95,000 gives a target of approximately $125,000. However, the price only reached around $100,000 before correcting, suggesting the breakout may not have fully played out or was interrupted by market conditions. Trendline Upward Trendline: A long-term upward trendline (drawn in orange) connects the higher lows from mid-2023 onward. This trendline has acted as support during the uptrend. Current Position: As of March 11, 2025, the price is testing this trendline around the $75,000–$80,000 level. This is a critical area to watch, as a bounce from this trendline would confirm continued bullish momentum, while a break below could signal a deeper correction. 4. Support and Resistance Levels Support: The long-term trendline around $75,000–$80,000 is a key support level. If this trendline fails, the next significant support could be around the base of the ascending triangle, near $65,000. Resistance: The previous all-time high around $95,000–$100,000 is now a resistance zone. The price struggled to break above this level multiple times before the breakout and may face selling pressure if it approaches this zone again. 5. Price Action Analysis Post-Breakout Correction: After breaking out of the ascending triangle, Bitcoin hit a high near $100,000 but failed to sustain the momentum, leading to a correction. This is not uncommon after a breakout, as markets often pull back to retest previous resistance (now support) or other key levels like the trendline. Current Position: The price is at a critical juncture as of March 11, 2025. It’s testing the long-term trendline support around $76,000. The fact that it’s holding above this level (at $76,697.39) is a positive sign for bulls, but confirmation of a bounce with strong volume would be needed to signal a resumption of the uptrend.
BINANCE:BTCUSDLong
by sohaibfx
9