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AXSUSDT Rectangle PatternAXSUSDT Breaks Out of Rectangle PatternAXSUSDT Technical Analysis update AXSUSDT has formed a rectangle pattern at the bottom near its major yearly support level. The price has broken the rectangle pattern resistance on the daily chart, indicating a potential bullish move from the current level. The price is trading above the 100 and 200 EMAs on the daily chart, with a noticeable rise in volume in recent candles is also considered strongly bullish.
Long
by HexaTrades
1
Bitcoin is Ready to Take Off!Bitcoin technical analysis update Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level. We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K. Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000. Regards hexa
Long
by HexaTrades
5
Bitcoin Breaking Out of a 220-Day Broadening WedgeBTCUSDT technical analysis update Bitcoin has been forming a broadening wedge pattern over the past 220 days, indicating increased volatility and indecision near its previous all-time highs. Recently, BTC has been moving towards the wedge’s upper resistance line around $68K, signaling a potential bullish breakout. If confirmed, this breakout could lead to a strong upward move, with targets in the $90K-$100K range. Additionally, around $60K, the 100 and 200 EMAs are acting as strong support levels for BTC. Regards Hexa
Long
by HexaTrades
Bitcoin Set for Explosive Move After 220-Day Consolidation!BTCUSD has been in a 220-day range, similar to a previous consolidation period seen in early 2023. Historically, after such long-range trading, Bitcoin has experienced strong bullish breakouts, as shown by the green arrows. With the current range nearing its end, we could be on the verge of another significant upward move. Keep an eye on a potential breakout, which may signal the start of a new bullish trend. Regards Hexa
BINANCE:BTCUSDLong
by HexaTrades
2
KAVAUSDT Reversal Confirmed!KAVUSDT Technical ANlsysis update SEED_DONKEYDAN_MARKET_CAP:KAVA price has formed a triangle pattern on the daily chart at the bottom. The price has now broken the triangle resistance line and is trading above the 100 EMA on the daily chart. We can expect a strong bullish move from the current level. A sustained move above this level could signal further upside potential. In the weekly chart, KAVA price is bouncing from the 2020 support level and trading within a falling wedge pattern
Long
by HexaTrades
1
XRPUSDT: 1,700 Days of Accumulation Over! XRPUSDT Technical analysis update XRPUSDT price has been trading within the longest triangle formation for the past 1,700 days. This week, which can be considered a 1,700-day accumulation phase, the price broke out of the triangle resistance on the weekly chart, . A strong bullish move is expected in the coming months, supported by a rise in volume on the weekly chart. Additionally, the price is trading above the 100 and 200 EMAs, which is considered bullish for XRP. Regards Hexa
Long
by HexaTrades
1
DYMUSDT Forms Triangle Pattern!DYMUSDT Technical analysis update DYMUSDT has been trading within a triangle formation for the past 165 days. The price is now moving towards the triangle's resistance level, potentially signaling a breakout. The profile volume indicates strong support at $1.40, and the price has crossed above the 100 EMA on the daily chart. A strong bullish move can be expected from the current level. Buy zone : Below $1.70 Stop loss : $1.37 Take Profit 1: $1.97 Take Profit 2: $2.47 Take Profit 3: $3.45
Long
by HexaTrades
1
BTC Leads, ETH Follows: New ATH Ahead?Bitcoin Leads, Ethereum Follows: Will History Repeat This Bull Run? During the 2020 bull run, Bitcoin (BTC) reached its all-time high (ATH) of $20,000 while Ethereum (ETH) lagged behind, trading at just $600. When BTC surged to $42,000 (more than doubling its previous ATH), ETH gained momentum and broke its previous ATH of $1,400. Historically, Bitcoin has always led the market during bull runs, with altcoins like ETH following once BTC enters a long consolidation period. This pattern seems to be repeating. When BTC recently hit a new ATH of $73,000, ETH was trading at $3,200. If BTC begins another consolidation phase at $100k, we can expect Ethereum to push towards a new ATH, alongside strong bullish moves in other altcoins. As history shows, Bitcoin's consolidation often serves as a catalyst for Ethereum and altcoin rallies. BINANCE:ETHUSDT BINANCE:BTCUSDT CRYPTOCAP:ETH CRYPTOCAP:BTC Regards Hexa
BITSTAMP:BTCUSDLong
by HexaTrades