CryptoFallen

CryptoFallen

Inverted Head shoulders looking to be playing out which will retest the previous short-term highs at 0.625, once this area can be cleared 0.63 will be in play as that lines up perfectly as well with the 0.618 fib retracement.

CryptoFallen

Technical Overview The COINBASE:BTCUSD weekly chart suggests a bullish setup, with a Bullish Flag pattern and Descending Broadening Triangle playing out. Current price action shows BTC retesting previous resistance as new support around $67,000. Support and Resistance: - Support: The zone at $67,000 serves as immediate support within the flag pattern. -...

CryptoFallen

The SOL/USDT chart suggests a possible 5th wave completion at the $210 level, aligning with the ascending channel’s upper boundary and the 1.618 Fibonacci extension from previous lows. This target is feasible if bullish momentum continues, breaking through intermediate resistance levels around $183 (0.382) and $202 (0.786). The 5th wave is often an impulse wave in...

CryptoFallen

If OIl breaks doesn't hold from the descending triangle, we may be looking at OIl going to previous resistance, which should now be support at $40

CryptoFallen

Current Setup: - Bullish Flag and Descending Broadening Triangle: Bitcoin is in a consolidation phase, with a bullish flag potentially forming within a larger descending broadening triangle. Bullish Scenario: - If Bitcoin breaks out above the current consolidation (around $60,000), the bullish targets could be $64,945 (8.17% move) and potentially up to...

CryptoFallen

Current Setup: - Bullish Flag and Descending Broadening Triangle: Bitcoin is in a consolidation phase, with a bullish flag potentially forming within a larger descending broadening triangle. Bullish Scenario: - If Bitcoin breaks out above the current consolidation (around $60,000), the bullish targets could be $64,945 (8.17% move) and potentially up to...

CryptoFallen

The latest chart you've shared illustrates the bullish flag and descending broadening triangle pattern within a larger uptrend. If the bullish scenario plays out, the targets can be anticipated as follows: 1. Bullish Target 1 at $85,643 : A breakout from the current flag could lead Bitcoin towards this first major resistance level. 2. Bullish Target 2 at ...

CryptoFallen

The chart is still showing a bearish trend with the price trading within a descending channel, indicating a consistent downtrend. Key Levels: - $200 Resistance: The failure to reclaim and hold above $200 reinforces bearish sentiment. - 0.618 Fibonacci Support at $165: This level is the next major support within the current downtrend. A break below...

CryptoFallen

COINBASE:BTCUSD Bull Flag in Play: The daily chart shows a bull flag pattern still in play. Although there was a brief breakout above the flag, the price has since pulled back into the channel, indicating indecision. - Support and Resistance: - Support: The first target zone around $51,000 has been tested, providing immediate support. - Resistance: ...

CryptoFallen

COINBASE:BTCUSD Bull Flag in Play: The daily chart shows a bull flag pattern still in play. Although there was a brief breakout above the flag, the price has since pulled back into the channel, indicating indecision. - Support and Resistance: - Support: The first target zone around $51,000 has been tested, providing immediate support. - Resistance: ...

CryptoFallen Updated 

Current Technical Overview: Support Levels: - Immediate Support: $56,000, which aligns with recent lows and a critical support trendline. Resistance Levels: - Primary Resistance: $65,000, near recent highs and an upper boundary of the descending channel. Moving Averages: - 200EMA: The 200-day EMA is acting as a crucial support level. Holding above this...

CryptoFallen

The COINBASE:BTCUSD daily chart continues displaying a significant bearish sentiment. Key Technical Points: Support Levels: 1. Target 1: The price has reached the first target around $48,000. 2. Target 2: If the bearish momentum continues, the next support is around $36,000. Support Levels: - Immediate Resistance: Previous support at $52,000 is now...

CryptoFallen

Current Price Action: - The S&P 500 is currently trading around 5,346.55, having experienced a recent pullback. - A significant decline of about 13.51% from the recent highs is indicated, bringing the index to around 4,703.08, which aligns with the 0.618 Fibonacci retracement level. Fibonacci Retracement: - The 0.618 Fibonacci level at approximately 4,703.08...

CryptoFallen

Technical Overview: - Support Levels: Immediate support at $164 (61.8% Fibonacci retracement). Further support around $100. - Resistance Levels: Primary resistance near $260 (38.2% Fibonacci retracement). - Moving Averages: The daily 50MA is currently above the price, indicating a bearish sentiment. - Volume Analysis: Volume is relatively...

CryptoFallen

Key Technical Points: Support Levels: Immediate support is seen around $49,477, which aligns with a crucial Fibonacci retracement level. Resistance Levels: The primary resistance is around $62,239, coinciding with recent highs and a critical Fibonacci level. Moving Averages: The daily 50MA is acting as a dynamic support level, indicating a bullish...

CryptoFallen

Overview: The daily chart provides a more granular view of the recent price action and highlights shorter-term trends and key levels for COINBASE:ETHUSD Key Technical Points: 1. Trendline and Channel Patterns: - The price is navigating within a smaller descending channel within the larger weekly channel. - A breakout from this descending channel...

CryptoFallen

Overview: The FX:AUDUSD pair has shown significant signs of a trend reversal after being in a downtrend since 2021. The pair reached a low just below $0.62 and has since made a strong recovery. Key Technical Points: 1. Trend Reversal: - The pair has broken out of the descending trendline that has been intact since 2021. - This breakout is a...

CryptoFallen

It appears that #BTC has broken out of its downward channel on the lower timeframe and is currently retesting it, showing signs of bouncing off. Our analysis suggests that we may see a bounce towards the next Fibonacci extension level of 1.618. Notably, this level aligns with a resistance line formed by previous highs. The question remains: will we break it? ...