After a pullback to the descending trendline of the symmetrical triangle, we can either: 1. Expect a continuation of the uptrend: Open a long position after breaking the $73,200 resistance level. Target the $80,000 level. 2. Consider the possibility of a false breakout: The bulls might be accumulating liquidity before a move down. Enter a short position in the...
Bitcoin has been consolidating within a symmetrical triangle pattern for the past 24 days. A breakout above the triangle's upper trendline would signal a continuation of the previous uptrend. This bullish scenario could propel prices the opening up the path towards the $80,000 target. Conversely, a breakdown below the triangle's lower trendline would indicate...
After touching the $7.15 area three times, we can consider this area weak. If the price breaks and the candle closes below this range, we can expect the following targets: 6.88 6.68 6.45 And exit the trade in the range of 6.17 - 6.10. Things to keep in mind: This is only a technical analysis and there is no guarantee that targets will be achieved. Always do your...
ADA ( CARDANO) Potential for a 20% Drop ! We are observing a head and shoulders pattern on the 4-hour and daily timeframes. This pattern could activate if the 0.59 to 0.56 cent support zone is breached. In this scenario, we could see a 18 to 25% drop in price. Key Factors to Consider: Confirmation of Pattern: The pattern should be confirmed with a break below...
Diamond Pattern Analysis After breaking the upward trendline, a downward movement can be expected. The first target is $44 and the second target is $35. If the downward trendline breaks, an upward movement towards higher numbers can be expected. The first target is $69 and the second target is $81. It is crucial to set a stop-loss because this pattern doesn't...
After breaking the range of 2.95, we can expect to continue until the next range, which is 2.63
Though it may seem like a fantasy, I believe Bitcoin could potentially surge towards its weekly trendline, setting the stage for a monumental bull run. Envisioning this scenario, we could witness a period of consolidation within this zone, preparing for a corrective phase that will likely commence post-Bitcoin halving. Historical instances of 50% retracements...
We are in a good position to potentially break out of the range after 497 days, as indicated by the formation of a flag pattern. This pattern suggests a bullish continuation, and if the breakout occurs, it could provide a significant target.
After 690 days, we are approaching the end of the triangle. We can expect trend line test, followed by a reversal and a break of the $3.8 resistance zone. This could lead to our first target of $5, and then $8 is not out of the question. Please note that this is just my analysis, and you should always do your own research before entering a trade. The profit and...
Celo has been consolidating within a 100% range for nearly 450 days. A breakdown below the critical $0.65 support level and trendline could lead to a drop towards the lower $0.40 range. A breakout above the key $0.85 resistance level could signal a reversal and lead to a rally towards the upper $1.197 range, with potential for further gains to $2.3. Always conduct...
After breaking the weekly trendline and resistance area of 0.9500, we expect a move towards higher numbers. We can also have a pullback to confirm the trendline, in which case we can expect a 200% move on the weekly timeframe. This is my analysis, your profit and loss is your own responsibility. GoodLuck
After a long period of time in which the Enj coin was below a weekly trend line, it can be expected that after breaking the 0.3200-0.3400 range and a pullback to the 0.3400 area, we can expect to move up to the next resistance level of 0.5100-0.5700. Therefore, we have a trading node at the 0.3855 area that can create short-lived resistance. If you enter this...