I don't anticipate us revisiting the support level, but if we break through the current resistance, our next target on the upside is $1. Be sure to add this to your watchlist, set an alert at the resistance level, and stay ready for the potential breakout.
The short-term target for CRYPTOCAP:ETH is $7231. Once the current resistance level is broken, there's even potential for a parabolic run-up. It's important to note that with 19,595,173 ETH currently TVL, the less circulating supply there is the demand increases, adding upward pressure!
As anticipated, we closed below the resistance line, signaling weakness in the recent price rally. This suggests the possibility of further downside or consolidation in the short term. We're still at a crossroads—either the bearish pattern gets invalidated, or it continues to unfold. The market is at a critical juncture, and we’ll need to see how it reacts in the...
There are only 2 hours left until the daily close, and it appears that the recent upward move was a false breakout. If we close below the resistance line of the rising wedge pattern, it could signal further downside ahead.
I’ll be confident in the continuation of the uptrend if the daily candle closes above the newly established support level, which was previously the resistance of the rising wedge pattern for Bitcoin.
CRYPTOCAP:AVAX is actually one of my largest altcoin holdings, and I strongly believe we’re poised for a significant price surge. I have two key price targets: the first is a potential 140% gain in the short term, and the second could see a 244% increase.
support must hold, resistance must break and seems like we are one elon musk tweet away for CRYPTOCAP:DOGE to reach its short term target of 72 cents, depending how positive his tweet is, seeing $1 will be a bonus.
Bitcoin just invalidated the bearish rising wedge, reaching a new ATH of $104K. If momentum holds, the wedge's resistance could flip to support. If that support fails, we could see a price decline
As you can see, during the accumulation phase, we've established a strong support level. A breakout above the diagonal resistance line would set a target of $2.70, provided we remain above the key support level. The estimated timeframe for the breakout is within the next 5 days
We are currently in a rising wedge pattern, which is generally considered a bearish setup. Despite multiple attempts, we've been unable to break above the $100k mark, which has proven to be a significant psychological barrier, accompanied by strong selling pressure. As we approach the new year, I believe there's a high likelihood we may see a pullback to the $75k...