We are currently in an accumulation phase, and based on my technical analysis, this coin could potentially reach $10 by the end of this bull run. However, we will face significant resistance at around $1.20. Once we break through that level, the next key resistance is at $2.41. After that, the potential for growth will largely depend on adoption, and beyond that,...
ETH is currently forming an ascending pattern, which is a bullish indicator suggesting potential upward movement. This pattern typically signals increasing buying momentum and a continuation of the trend. The target price for ETH, as indicated by technical analysis, is shown in the chart. If this pattern continues to develop as expected, it could lead to...
A flag pattern in technical analysis is a short-term continuation pattern that resembles a rectangle or parallelogram, formed after a sharp price movement (the "flagpole"). It consists of: Flagpole: Strong initial price move (up or down). Flag: Small, consolidating price movement in the opposite direction, forming a rectangular or slanted channel. It signals a...
Read the chart to understand. My plan to take profits and invalidations if am wrong. Nothing is financial advice
This is where am planning to buy spot for long term 12-15k
I would be carful as we are getting close to supply zone. wait for a break out of the uptrend that would make it safer for entry.
Bullish divergence + inverse head and shoulders + breaking the uptrend = 28k Please set a stop loss in case of a deviation from the downtrend.
Update of the previous chart, and it looks like a symmetrical triangle, which could go in either direction. Just have some patience and wait for a breakout with a retest.
Rising wedge is usually a bearish pattern. Wait for a breakout + retest
As long as we are below this downtrend, Bitcoin is bearish till we break above it. 1- Downtrend resistance (Red line) 2- Broke the rising wedge (Purple line)
It really depends on Bitcoin where this will be breaking. There is a bullish flag pattern; however, if we break the uptrend this will take us all the way down. Wait for a breakout for confirmation + retest.
Bear flag pattern, which is bearish. Just wait for a breakout and retest either ways.
Bearish bear flag pattern. There is a higher chance this to go down then up. The invalidation breaking this bear flag to the upper side of this bear flag.
$SAND looks like a rising wedge, which is bearish, but you never know what happens those days. let the breakouts decide with a retest. always put your stop losses, and never take a trade without a confirmation.
Whether you are bullish or bearish, it does not matter. If you are on the side, you have to options either you wait for a confirmation for either ways, or take the risk. Bullish pattern "Falling wedge" within a bearish pattern "Bear flag"
Ascending triangle pattern Please do not forget your stop losses
It looks like a falling wedge, which is bullish. Please set up your stop losses.
Looks bearish IMO as it confirms bearish bear flag. Wrong if we break above this channel with a retest.