This analysis builds upon the previous technical outlook, identifying three key patterns on Ethereum’s daily timeframe: 1. Ascending Channel Ethereum has been trading within a well-established ascending channel since 2018. Each time a new all-time high (ATH) is reached, price consistently tests the channel’s resistance, while the major support level was formed...
XRPUSD is currently forming a Descending Triangle, a continuation pattern that typically signals bearish momentum. The critical support level at $2.00 serves as a decisive point for price action. A successful defense of this level could trigger a short-term bullish reversal, with the immediate target aligning with the triangle resistance at $2.56. However, a...
Technical Analysis Solana (SOL) remains within a Falling Wedge structure, a historically bullish reversal pattern. The price is currently testing a key support zone at $124.29, where demand accumulation could trigger a breakout. A successful rebound from this level may confirm a shift in momentum. A breakout above $150.51 would validate a bullish reversal, with...
Referring to the previous analysis, BTCUSD remains in a dominant bearish trend, currently testing a critical support zone at the lower boundary of the double channel pattern. If the $86K level holds as a support, a potential short-term bullish retracement towards the upper boundary of the double channel at $96.8K may occur. However, failure to sustain above $86K...
In line with previous analysis, BTC remains within a Symmetrical Channel Down pattern, signaling a potential continuation of its downward trend into early 2025. The price is currently approaching a minor support level at 94,992, which could trigger a short-term rebound. If buying pressure strengthens, BTC may see a technical rebound toward the minor resistance at...
Solana (SOL) is currently trading at the expanding channel support level of $163.69, a critical demand zone that presents a strategic entry point for long positions. A successful rebound from this level could drive the price toward the initial resistance at $206.38. If SOL manages to break above and sustain momentum beyond this minor resistance, it could confirm...
A weekly timeframe analysis reveals a clear technical structure in Ethereum's price action, with two prominent patterns shaping the current trend. 1. Ascending Channel – The primary bullish pattern, with a target at $8,369. 2. Symmetrical Triangle – A secondary consolidation pattern, currently testing resistance at $3,789. A decisive breakout above the $3,789...
BTCUSD's bullish rally has driven significant price appreciation, positively influencing the broader altcoin market. However, a closer look at the daily timeframe reveals critical resistance levels that may define the trend's next phase. Since 2020, BTCUSD has traded within a well-defined ascending channel. At present, the price is testing the upper boundary of...
XRP is currently forming an ascending triangle pattern, with price action testing the minor resistance at 0.5631. A breakout above this resistance could pave the way for a bullish continuation toward the next target at 0.6658. However, if the 0.5631 resistance holds, we could see a potential pullback toward the triangle’s support at 0.51077. This analysis will...
Solana is currently moving within an upward channel pattern and approaching resistance at the 199.71 level. If this resistance successfully holds back the bullish momentum, there is a possibility that Solana may correct to the Fibonacci levels around 174.92 - 170.13 before continuing its bullish trend.
MKR has successfully broken out of the bearish falling wedge pattern, signaling a positive outlook for a bullish movement. However, it’s important to note that MKR is currently at its first resistance level at 1,509. Considering that Bitcoin is also at a resistance point, there is a possibility of a correction toward the bullish trendline at 1,262 before...
Bitcoin experienced a bullish surge this week, successfully breaking through the resistance level that has been forming since March 2024. However, it is important to note that Bitcoin has now reached the resistance of the channel up pattern, and a correction toward the channel up support at the 70,329 level is possible. This analysis will be updated if new key...
EURUSD has experienced a notable correction throughout October, yet it remains within a bullish trend, forming a wedge pattern. Analyzing the daily timeframe reveals several key levels that are crucial to watch in the upcoming days. Currently, EURUSD is testing the .618 Fibonacci support level at 1.0876, with the latest candle forming a Doji. This suggests a...
In line with my previous outlook, Bitcoin is projected to test the 62,564 support level before resuming its bullish momentum and attempting to break the resistance established since August 24, 2024. However, the recent breakout occurred on weak candle formations, suggesting a potential pullback toward the channel support at 64,259 before a continuation toward the...
Since June 26, 2024, EURUSD has been moving within an expanding channel up pattern, signaling a strong bullish trend. The ABCD Fibonacci pattern has also formed, with a bullish target at 1.1321. Currently, EURUSD is attempting to break through the key resistance level at 1.1201. If this resistance is successfully broken, the bullish target from the Fibonacci...
Bitcoin has been moving within an up-channel pattern since September 6, 2024, and it is now approaching a key resistance level at $65,148. If this resistance is broken, the next bullish target is at $76,581. However, if the $65,148 resistance holds strong against the bullish momentum, BTC may retrace back to the up-channel support at $62,415. I will update this...
Hi, welcome to my analysis today bitcoin reach channel up support and also perform Fibonacci pattern at 59,956. We can set long position and aim for channel up resistance or Fibonacci 1.618 at $76,781 at Aug 22 to Sept 03.
Pepe perform bullish flag pattern and already reach flag suppport. We can by now to aim flag resistance as short term target at 0.0000122101207 But we have mid term projection with 47% profiit projection at 0.000017225225 at bullish flag projection. However, if this pattern broken down, we have trendline support at 0.000010192570 Good luck