Bongos45
EssentialThe big move today was probably due to the breakout from this long trendline. Effectively in 'price discovery' mode and can target $1 and upwards.
The target for the pattern is approx $1, which should be achieved relatively quickly given the impulsive manner of the falling wedge pattern. Ultimate targets are $3 - $5 which is 30x to 50x.
Breakout in progress - has a 4x to reach the target of the descending wedge.
Looks like liquidity was taken from under the lower channel. We should now see a swing to take out the liquidity at the top of this channel. After consolidation, we'll push into the next channel (Equal height of the first in LOG scale), and target the upper bounds of this one. Athir has enormous potential, so $1 is a first stage target.
Hopefully this healthy pullback will give fuel to reach ATH in Q1 2025
1) RSI on weekly has never gone below 50 - this means, ATR is maintaining an upward trend vs BTC. This is confirmed by the graph. 2) When RSI resets to 50, this has been the re-entry point for ATR to start a major impulse move, and outshine BTC.
Looks like the dominance run is over, and the alt-season beginning to start. Once BTC stabilises, ALTS will shine.
Good clear bounce off a newly formed support zone on BTC chart. Once the dust settles we should see ATR heading for the prior ATH, which will be a 3.5x (on BTC - so even more vs USD likely).
ATR has a huge potential market to capture. Price seems to be on a parabolic run, so I've fitted a speculative parabola curve to fit the initial price action. I'm assuming 2026 is an UP year for alts!
A rising MACD formation has taken place, and looks like it wants to bounce off the 'zero' line. This would be significant, as it signalled the start of the bull run in Oct 23, and this would be the first time it has done this ever since.
The RSI has lost 50, and the MACD is turning down. If this is a descending wedge, I expect price to bottom at 52 - 53k range.
Several price targets can be seen in this upcoming coin. Likely to go much higher in future, but these act as good initial targets.
- we also see FET has gained support on the EMA34, - RSI is also holding above 50 target $2.60 seems likely.
If we hold this area, then upper target is 0.9 - 1.0
Ascending triangle, also cup and handle in play. Easy 2.5x on this one with lots of bullish news coming out this month, including first live listing and top 10 CEX.
As per chart, target is $10.7 or 6x from current price.
Long-term consolidation under $1, means that when it finally breaks it will be a major move. 30x- 50x seems feasible.
KAS has been pulling several 4.618 fib extensions this year, so as KUJI is just getting going on it's first major breakout and retracement (it bounced off 0.5 nicely), it seems quite possible for it to also extend up to it's 4.618 extension. I've put in a speculative ascending triangle, but it could just blast up past it's prior all time high.