Pricedrop
$ETH will dropJust my opinion but from what I see, the price of ETH will drop in the next few days, let's remember that we are less than three days away from the eth merge; from what I see in many posts, this is something that has people in uncertainty about the price, some saying that the price will go up like foam, and some saying that the price will fall like a snowball, the reality is that nobody can know exactly where the price will move, but at least today I see a double top pattern (see 1hr chart), SSL Channel with a downtrend and MA21 crossing above the candlesticks. This is something very normal after a rise like the one we saw days ago, market rises like this don't continue their course, only the rises with fundamentals behind them are the ones that are maintained, we will see what the merge holds for the price of ETH.
Bearish Divergence on 4H Eth ChartEth has dropped back under the support line around 4.2k, due to what I think is because of this bearish divergence in the 4H Chart and RSI(Yellow Lines) this could cause Eth to fall further into the descending channel. MACD has yet to make its way to the downside though. More short term bearish moves before the long term bull market support trend line gives us another bounce.
SOL Update.There is a huge gap between SOL and 200 EMA. Indicates a large price range. My prediction is that SOL prices may fall slightly in the future with the rise of BTC.
My technical reason for this is that I guess SOL has now taken the form of a 1D large triangle, and that some people who traded with SOL are allocating money to trade with other ALT Coins as the BTC price rises.
But this is likely to change at any moment. The reason is that large NFT investments on the SOL Blockchain have an impact on SOL as well.
SXP displays confluence to drop, go shortbased on my analysis on today's candle, sxp indicates a price drop based on 2 reasons. first, the there's a downward ABCD pattern. and second, today's candle is an engulfing bear candle. consider to sell short and take profit on the number i marked. i wish it could help your decision and i wish y'all good luck.
BTCUSDT 4H | Bitcoin price overview: Flat after price dropHi, dear subscribers!
After a sudden price drop 3 days ago from levels $10,100-$10,200 to $9,280, buyers did not let sellers lower the price. Now the price is in correction movement at $9,700. We analyzed the rapid drop in the previous review:
We can talk about the formation of downward movement when the price is below $9,300. Apparently, we enter a wide flat in the range of $9,400-$9,800. In the coming days, as the price movement is forming, we will be able to conclude about its direction.
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Would it possible for Bitcoin to abandoned the parallel channel?COINBASE:BTCUSD
There are a lot of candlesticks with wicks on it's top and they are creating what it seems to be a descending triangle. Oscillators are located at the overbought section, and all this together might be pointing to a price drop within the next hours.