The price recently broke out from a wedge pattern but has faced a minor correction after hitting resistance around $2,600. The price is now retracing back to test the breakout level. The nearest support is around $2,550-$2,537, indicated by both the trendline and the marked horizontal level. ETH could continue its retracement toward the support, followed by...
The BTC/USD pair is demonstrating significant bullish potential, driven entirely by technical factors indicating an imminent breakout from a well-defined triangle pattern.
I see this as a possible projection for Bitcoin's price action, however way it goes I reckon we will be heading down to 12k next.
USDZAR is trading in the channel of the market, while the market will be breaking the channel and then the market will finding another resistance in the above. Let's see
Bitcoin has made a strong recovery after hitting the local low of $45k. However, it seems that the down-sloping resistance is holding once more. Since this trade is purely about the bull trap, the stop loss will be held relatively close in case Bitcoin will indeed make the full recovery that so many hope for. On the chart I’ve marked two potential areas of...
BTCST has been performing very strong over the last couple of days. Even when BTC saw some turbulence, BTCST kept strong and over performing the market. The current break-out is a relatively strong one, plus it bounced off the top resistance after first breaching it: classic break-out pattern. I've marked two areas of resistance, $400 and $600, as potential next...
Still many possibilities, MO. 1st step is busting out some of these smaller channels and breaking some highs or lows to get a better clarity of count. I have a plan for a break up and a break down, do you?
ICX in falling wedge and I expect a breakout upward. Price is close to 1D accumulation zone and the fractal on the left shows that last time ICX was in this price zone it broke upward for a 8% gain.