Head and shoulder in play in 1h TF. Righ shoulder in formation. RSI in Daily TF is out from overbought region. Consolidation before new pump is near to end. Target: ATH at 0.000075
As we can see price is sitting on the support of the falling wedge RSI on 4H is forming a bullish divergence RSI on Daily oversold Lower Bollinger Band broken -> expected reversal I expect short term bounce to 0.2790 and a fast recovery in the next weeks
As we can see in the 1h timeframe, Bitcoin made the same candle pattern (evening star) with a trap above the trendline. Also Tesla sold 75% of bitcoin holdings and FED reunion 27/07, so there are reason to be bearish now. Target: 1) 21500 2) 20750
Hi traders, as can be seen from the daily chart there are good bullish signals for this pair although overall the market still remains strongly bearish. First we see that the MA50 has been broken and the price right now uses it as a support. Second, there is a large bullish divergence in the RSI. In conclusion it is possible to see that after the first impulse...
As you can see, GMT after a very hard drop is trying to recover and appears to be inside this triangle where a cup with handle pattern is visible. If it holds the critical 0.83 level and bitcoin fails to drop below the local bottom, we could see GMT break this triangle up and point towards $1.50 again.
As we can see ADA bounce on support and is ready to go up. Also we have bullish divergence on 4h RSI
as we can see, many bullish signals are visible on the chart. First the descending channel was broken and retested. Second, it can be seen that the formation of an inverted head and shoulders is almost complete.
As we can see GMT go up strongly with a 52% profit from local bottom. Now is facing a key level at 0.82 and make a fakeout above this level. Also RSI is very high and likely it could go down to consolidate and then try another time to break up. There is a bearish signal from RSI, infact price go up while RSI going down in 1H.
Falling Wedge in the 1H timeframe. Probably bounce towards 22-24k area.
In this analysis I wanted to underline the importance of the weekly MA100 and how it can play an important role in finding the bottom. As you can see, Bitcoin broke down the MA100 3 times and in all cases it dropped from 45% to 54%. Again Bitcoin broke down the MA100 making a 42% drop. After a period of time (50 days to 350 days) bitcoin has returned above the...
As we can see price make a fake breakout of the resistance line and now is expected a retrace to the ascending trendline to complete the right shoulder . Also price hit the RSI overbought line and can retrace from here to the buy zone. If H&S will complete price can pump higher
As we can see price is trading within this rising wedge that represent a berish structure. Also make just a recovery of about 20% from last crash.
BTC broke bearish flag and it is going down. RSI indicator is very very low at 4h TF and in oversold region in Daily TF. Pullback expected from 30k to 35 - 37k. If price not hold 30k then another big dump in the way of 20k.
Dear traders, GMT (green metaverse token) has repeatedly shown the strength and solidity to be able to aim very high. Since its launch, it has had a lot of progress making dizzying numbers. In my view, however, these numbers are not over yet. In fact, as can be seen from the chart, after recording a new ATH, the price has started a little correction to retest the...
Dogecoin is trading in this big falling wedge from 1 years. After breaking the resistance draw in the chart, it can go much higher and retest ATH in the summer. Also is formed a cluster support zone (MA200 + support) very strong.
Dogecoin has showed strenght in the last days, also price is traded in this possible cup with handle pattern and can go higher from support zone.
BTC broke down trendline and retested successfully. I expect that price repeat a movement like the previous bullish cycle.
XRP is moving in this bullish channel from two year and more. For more than a year XRP has been damaged by the cause induced by the sec. When these judicial problems are resolved, xrp can be listed again on US exchanges. Also, during the last bullish wave, XRP was the only one to remain fairly stable. But the time for rest is over and spring has begun. I expect an...