Despite the recent flash crash in mid-January of this year, I believe that combined with the upward funnel that has formed, we could still see more downward pressure pushing the price as low as ~ $1,130. At this zone ($1,120-$1,160) we could expect some consolidation as the price bounces on a strong historical support structure. From there a fresh uptrend could be...
Based on the LTS line, we had a tumble in Aug 2023 and then broke out again mid-. There was a nice triangle forming and it proved true breaking with a local top at $2,692 on the 11th of this month, but following this, a nice little (not so nice actually) flag appeared leading to your current tumble. The next long-term support zones (not levels) are at...
$XDC Update:
The price is at a critical point right now with the RSI consolidating sideways below 50, and a strong medium-term uptrend acting as support. Key levels to look out for right now:
Resistance zone - $0.1203 to $0.1267
Support zone - $0.0931 to $0.1004 (also at the 78.6 Fib ext)
The price is currently trading towards the apex of an asymmetrical...
With BItcoin rising nearly 3% in the last 24 hours, it looks like the last fake-out might almost be off the table with a steady climb to the upper corner of the now-formed a-symmetrical triangle that has been confirmed on the 4H TF.
What we need here, is a close above the resistance of this triangle, and then a retest on it as support, at which point we can safely...
With the consolidation below the heart line and the price action moving towards the 38-Fib, we may see a bounce off towards the upside for a bullish breakout.
