Bearish Pennant Pattern and Support Breakout in MDTUSDT CoinAnalysis:
Chart Pattern: MDT/USDT is showing a Bearish Pennant pattern below the support level, indicating potential for further downward movement.
Support Breakout: The coin has broken below a key support level, suggesting increased selling pressure.
Target Price: Estimate target prices based on the height of the pennant.
Cautionary Note:
Be careful, as trading cryptocurrencies involves significant risks. Ensure to assess your financial situation and investment goals before making any decisions.
Stop-Loss: Set a stop-loss slightly above the pennant's upper boundary to manage risk.
Cryptopatterns
Amazing correction !Amazing correction on 1h frame from 13951$ to 10700$ ..
For now we have a hammer candlestick in a confirmed correction down trend, if the next candle will close green we may see a brake out and the end of correction wave ...
Else than this, we can see deeper correction and we can touch the point of 8900$ ( I see this scenario as the strongest scenario) ...
Anyway altcoins will struggle more in this period, until the stability of bitcoin !
POLYMATH BTC RETRACEMENT Polymath against BTC is situated into an ascending channel and probably will make a breakdown becouse:
-We have a STOCH Bearish cross confirmed
-Macd it s still overbought and volume of buy it s decreasing
-Rsi near overbought zone
If you want to get some polymath for long term you can enter at fib supports: 4078 sats which is the 61.8% fib support and 3683 sats which is the 50% fib support and also polymathbtc support line FROM 12 sept 2018
Ziliqa Opportunity and InformationsZiliqa is a new blockchain platform which can handle 2488 Transactions per second so is a good coin to make micropayments but also it s used to create dapps or use it for digital advertising
The smart contracts language of ziliqua can handle dapps with large scale calculations
Ziliqa is ranked at 10 in github activity with 10 with 1,726 commits in last 6 months
Zil was moved into a falling wedge beetwen 23 june 2018 and 26 august 2018.In 12 august 2018 they hitted rock bottom which is situated between 379-385 sats after they broked out successfully will re-tested it but in this time the resistance will turned support and bulls succesfully defended their positions.At this time Ziliqa is into an accumulation phase beetwen 379-592 sats
Targets till mainnet launch can be 0.5 fib resistence which is 1448 sats or 0.618 fib which is 1698 sats
BTC will have a major bullish action in price becouse in december 12 bakkt will be launched and also at 31 december will have the main ETF which will bring us another bullish action in the market
Events:
Anchor Dapp Launch till 31 december
Mainnet launch in december 2018-january 2019