According to the chart of the bottom of the downward channel, the range of 86000 to 88000 can be a turning point. Buyers with buy positions should be patient and hold hands for now, but sellers with a target of 88,000 can buy a step
Considering the Fear and Greed Index and the holders' profit savings in the range of $93,000 and examining the volumes, a correction of about 7 to 8 percent is not out of the mind. Dear friends, please note that the time data and volumes of a week ago are very likely to be corrected by Friday evening of this week (November 22, 2024) and then move to the next...
On top of the $ 39,500 level, Babbitt faced a strong resistance and the slow process of reforming it might lead to a decline in prices ranging from $ 29,500.
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.