Ethereum: Bullish Targets of $10K to $15KETHUSDT Technical Anlaqysi update
Ethereum has been consolidating within a symmetrical triangle for approximately 1,500 days. This long-term pattern has seen the price consistently oscillate between support and resistance levels, gradually narrowing. Currently, ETH is rebounding off the triangle's support trendline and appears to be approaching the resistance level, suggesting the possibility of a breakout.
If CRYPTOCAP:ETH manages to break above this resistance, a strong bullish move could ensue, with potential targets around the $10,000 to $15,000 range. The breakout from this multi-year triangle formation could signify a significant upward trend for $Ethereum.
BINANCE:ETHUSDT BITSTAMP:ETHUSD BINANCE:ETHUSDT.P
Hexatrades
ACEUSDT Trend Line Breakout!ACEUSDT Technical Analysis update
ACEUSDT is breaking its trend resistance line after 140 days of consolidation. Once the breakout is confirmed on the daily chart, we can expect a strong bullish move. The price has touched the 1.80 level multiple times and bounced back to resistance, but this time it has broken through the resistance line.
Bitcoin Bullish Q4 Ahead? Historically, when Bitcoin ends September in the green, Q4 tends to see strong bullish momentum. In years like 2015, 2016, and 2023, Bitcoin posted significant gains in October through December following positive Septembers. This pattern suggests that Bitcoin could be poised for another rally in Q4 2024 if history repeats, making it a favorable time for potential price surges.
Ethereum: MACD Signals Potential Bullish! ETHUSDT weekly chart is currently showing a significant bullish signal, The MACD indicator has just completed a bullish crossover, where the MACD line crosses above the signal line, indicating a potential shift in momentum from bearish to bullish.
Historically, whenever similar crossovers have occurred on the weekly chart, ETH has often experienced strong upward movements in the following weeks and months. Adding to this positive outlook, the MACD histogram has turned green, reflecting an increase in bullish momentum as the distance between the MACD line and the signal line widens. This is a strong indication that buying pressure is supporting the signal, suggesting that ETH could be on the verge of a substantial bullish move.
YFIUSDT Forms Triple Bottom and Falling WedgeYFIUSDT technical analysis update
YFI has formed a falling wedge pattern, and the price is currently trading at its major support level, suggesting a potential bounce from the current range. A bullish move can be confirmed once the price breaks out of the falling wedge pattern. Additionally, YFI has formed a triple bottom and has been trading within the same range for the last 840 days. The price has bounced multiple times from this support, and we can expect a strong bullish bounce from this level once again.
Regards
Hexa
ETH Price Holds Steady at Key Support LevelETHUSDT Technical analysis update
ETH price has been trading within a triangle pattern for the past 85 days, with multiple touches on both the resistance and support lines. A breakout is likely soon. If the price breaks above the resistance line, a strong bullish move could follow. However, if it breaks below the support, the price may drop to the $1,800 - $2,000 range.
ETH price has formed a triangle pattern at a strong 2-year support line.
In weekly charts 100 and 200 EMA acts as a strong support for ETH.
Currently, the ETH price is trading at a strong support level, indicated by multiple technical indicators. We can expect a bounce from this level after a few days of consolidation
Regards
Hexa
ZETAUSDT Ascending Triangle PatternZETAUSDT Technical analysis update
ZETA price has formed an ascending triangle pattern on the daily chart and is moving towards the triangle's resistance for a potential breakout. The price is trading above the 100 EMA, which is considered bullish. A confirmed breakout can be anticipated once the price surpasses the 0.80 level on the daily chart. If this breakout occurs, it may lead to strong upward momentum and further bullish action.
Crypto Bull Run: Unveiling the First StageAfter a year-long bear market, cryptocurrency prices enter a consolidation phase at the bottom, lasting approximately 500-700 days. If the price breaks through this consolidation resistance, it could experience a bullish move of 100%-300%, This pattern occurs once every four years in the crypto market.
Currently, most cryptocurrency prices are breaking out of their consolidation phases and experiencing 100%-300% moves. This marks the first stage of the crypto bull run.
I will share the example charts below.
Regards
Hexa
ETH Next Target: $5,000ETH technical analysis update
ETH's price touched the trend support line on the weekly chart and has bounced 20% from it. The price also touched the April resistance level at $2,150, which is now acting as strong support.
Price dropped below 30 RSI in day chart, this could indicate the bottom for ETH. The 100 and 200 EMA act as agood support for ETH in weekly chart. We can expect a significant bullish move from the current level, with the potential to reach a new all-time high in the coming months.
Regards
Hexa
Bitcoin: Cup and Handle Pattern.BTCUSDT (weekly chart) technical analysis update
BTC's price has formed a cup and handle pattern on the weekly chart and the price has been moving within the handle for the last five months. Once the price breaks the cup and handle neckline, we can expect a strong move with the potential to reach $100K in a few months.
Regards
Hexa
BTCUSDT: Small Correction Possible Before UptrendBTCUSDT(Day Chart) Technical analysis update
BTC's price has been trading within a broadening wedge pattern for the last 160 days. Recently, it bounced off the wedge's support and is now trading at the GETTEX:59K level. We can expect a small correction before the next upward move, with the price possibly touching the $55K level before resuming a bullish trend.
Regards
Hexa
Bitcoin Cycle Repeat? 1 Year Bull Run Above ATH Ahead!In the chart above, we’re comparing Bitcoin’s current cycle with its previous cycle.
Bear Run (1 Year): The previous cycle started with a significant bear market that lasted exactly 1 year, characterized by a sharp drop in price from the peak.
Recovery Phase (2 Years): Following the bear run, Bitcoin spent 2 years in a recovery and consolidation phase, gradually building a support base and regaining momentum.
Bull Run Above ATH (1 Year): After consolidation, Bitcoin entered a 1-year bull run that pushed it above the previous all-time high (ATH), setting new records.
Current Bitcoin Cycle: The current cycle appears to be mirroring the previous one closely:
We’ve had a 1-year bear run, which aligns with the pattern seen in the previous cycle.
This was followed by 2 years of recovery, with the price consolidating and gradually strengthening.
If the pattern continues, we could be entering 1 year of a bull run above the previous ATH, starting now or very soon.
Based on this repeating cycle pattern, the current setup suggests that we might have 1 year of a strong bull market ahead, potentially pushing Bitcoin above its previous all-time high by late 2025.
Regards
Hexa
BTCUSDT Bullish Wedge Pattern!BINANCE:BTCUSDT has formed a falling wedge pattern on the 1-hour chart, with strong support at the bottom of the wedge around $67,000. The price has already broken out of the pattern and is now retesting the wedge resistance. Additionally, BTC has crossed above the 100 EMA on the 1-hour chart, indicating potential bullish momentum. We can expect a strong upward move from the current level.
Regards
hexa
1 Year of Bitcoin Bull Run Remaining? In the chart above, we’re analyzing Bitcoin’s historical cycles to see if the current cycle follows a similar pattern.
Bear Run (1 Year): In each of the last three cycles, Bitcoin experienced a bear market lasting exactly 1 year from the all-time high (ATH). This phase saw a significant drop in price as the market corrected.
Bull Run from Bottom (1,064 Days): In the last two cycles, once the bottom was established, Bitcoin entered a consistent bull market that lasted approximately 1,064 days. During this period, the price gradually climbed, eventually reaching new highs.
Current Bitcoin Cycle:
So far, the current cycle appears to be following the same pattern as previous cycles. We’ve already experienced a 1-year bear market after reaching the previous all-time high (ATH).
Currently, we have completed 2 years of a bull run from the bottom, aligning with the 1,064-day bull run observed in past cycles. Based on this historical pattern, we may have 1 year of bull run remaining, which could potentially push Bitcoin to new highs by late 2025.
If this trend continues, it suggests a strong opportunity for growth over the next year, mirroring the end phase of past cycles.
BINANCE:BTCUSDT BITSTAMP:BTCUSD CRYPTOCAP:BTC
Regards
Hexa
When to Book Profits in Bitcoin?Bitcoin technical analysis update
Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months.
Regards
Hexa
PENDLEUSDT Bearish Wedge PatternPENDLEUSDT Technical analysis update
PENDLE has formed a Raising wedge pattern on the daily chart, and the price has recently broken below the wedge's support line in day chart. This breakdown suggests potential bearish momentum in the coming days, with a possible decline toward lower support levels.
ETHUSDT: Next Strong Support at $2,100ETHUSDT Technical analysis update
ETH has been trading within a triangle pattern for the past 90 days, with the price repeatedly testing the triangle’s support line. If the price breaks below this support, a rapid drop to the $2,100 level could occur before any potential rebound. On the weekly chart, the 100 EMA is acting as a support level for the current triangle pattern.
ZETAUSDT Bearish Continuation.ZETAUSDT TEchnical analysis update
ZETA has formed a bearish triangle pattern on the 4-hour chart. A breakdown below the triangle's support level has been confirmed, suggesting increased bearish momentum. With this breakdown, the price may potentially drop to the $0.34 level as the next support target. If selling pressure continues, further declines could occur before any signs of a reversal emerge.
FTMUSDT: Bearish Head and Shoulders PatternFTMUSDT Technical analsysis update
BINANCE:FTMUSDT has formed a bearish head and shoulders pattern on the daily chart, with price moving the support level below. If a breakdown is confirmed on the daily chart, we could expect a potential drop of 20%-60% in FTM. Additionally, the price has fallen below the 100 EMA, adding further confirmation of a bearish trend.
Short level: Above $0.58
Stop loss : $0.675
Target 1 : $0.530
Target 2 : $0.420
Target 3: $0.260
MEWUSDT Bearish Wedge!MEWUSDT TEchnical analysis update
MEWUSDT has formed an ascending broadening wedge pattern at the peak, indicating potential bearish momentum. The price breakdown has been confirmed on the 4H chart, and a retest of the breakdown level has been completed, reinforcing the bearish outlook. The price is now moving steadily toward the lower levels of the pattern, suggesting further downside potential if selling pressure continues.
Regards
Hexa
Happy Bitcoin White Paper Day! Happy Bitcoin White Paper Day! 📜✨
Today marks an essential day in digital assets and decentralized finance. On October 31, 2008, Satoshi Nakamoto introduced Bitcoin to the world through a revolutionary nine-page white paper, "Bitcoin: A Peer-to-Peer Electronic Cash System." This blueprint set the foundation for the first decentralized digital currency, fundamentally reshaping our view of money and unlocking new pathways to financial freedom.
As we celebrate this milestone, it’s inspiring to reflect on Bitcoin’s evolution from a bold idea to a powerful global asset that has transformed finance and decentralized ownership. Whether you’re a dedicated HODLer or actively trading, today serves as a reminder of what makes this space truly unique. Let’s honor Satoshi’s vision of decentralization and financial empowerment as we look ahead to Bitcoin’s promising future. Cheers to Bitcoin’s past, present, and all that’s yet to come!