Will it come ready to fly? It seems that we are ready for a strong upward movement on the monthly chart. Considering that we are at the bottom of the descending channel and the Adam and Eve pattern is visible, if the market conditions maintain their upward trend, it is possible to reach higher prices.
Assuming that we are in the process of a 5-wave upward movement in weekly time, if the correction of wave 2 does not continue further, according to the Fibonacci lines, the targets of wave 3 are almost certain. You can also see that the EMA10 & EMA20 lines are currently acting as support and resistance.
In the daily time frame, the Golden Cross has occurred and the SMA50 (yellow line) has crossed the SMA200 (white line) upward, which can promise an upward rally for this currency. In general, it seems that if the volume increases, the conditions are suitable for price growth. Note that due to the high risk of the currency, if you buy, make sure to put a stop...
Bitcoin is in an ascending channel on the monthly timeframe and we are rising from the bottom of the channel In the event of a fall, EMA 10 and 20 (blue and turquoise lines at the bottom of the ascending channel and the bottom of the channel itself, currently the price is about 30,000) and also EMA 50 (yellow line, currently the price is about 25,000) is a good...
We see the failure of the risk of the downward trend in the monthly time frame, if the monthly candle closes and stabilizes above the trend line, it can be said that the bull market has started.
Bitcoin seems to be in an ascending channel on the monthly time frame and we are currently at the bottom of the channel. By breaking and stabilizing above the downward trend line, it can be considered a very good possibility of growth. Note that the time frame is monthly and fluctuations are normal in this time frame. The acceptance of spot bitcoin ETF by the...
DigitalBits has managed to close a candle above 0.0006505 in the daily time frame and in practice it can be said that by breaking the ceiling that the new floor had created, a change in the bearish structure has happened for this currency after a long time. Our bullish scenario is still running and the price targets at this stage of the rise are marked on the...
If XDB (DigitalBits) wants to climb with 5 waves, such a pattern can be imagined based on Elliott waves and the target 0.0015 can be considered. The important point for researching this issue is to cross 0.0006505 because this is the ceiling price that created a new floor, and by crossing this price, its long-term bearish structure will change. This analysis is...
In order to increase the price more, it is necessary to change the downward structure, which has occurred with each price increase, a further decrease in price, so the price increase has been a selling opportunity until now. Therefore, the long-term bearish structure should change with a valid break above 0.00065050, which is the previous price ceiling. This...
✅ Dominance of other altcoins is suffering in an important range and is located exactly below its medium-term downward trend line and 10% resistance. Breaking the downward trend line and 10% resistance will lead to growth up to the levels of 11.6 and 12.3, which will lead to significant growth of altcoins. The upcoming support of Dominance Altcoins is 9.55 and 9.2.
✅ Bitcoin is moving in an upward channel in the weekly time frame, with the bottom of the channel in the range of $28,000. We see the accumulation of support levels, which is considered a good PRZ range for Bitcoin. As long as Bitcoin is moving in this ascending channel, there is no concern about price corrections.
Bitcoin seems to have formed a cup pattern on the weekly time frame. In case of a valid failure of the neckline and favorable market conditions, the price may grow up to 43,000 according to the pattern.
🔷 The dominance of Bitcoin, whose fluctuations have a great impact on the behavior of altcoins, has been reviewed in daily time and has maintained its upward trend for now. 🔹 But there are two important resistances at the specified levels of 51 and 52.8, the second resistance is very important and we can expect a correction or a drop in ideal conditions. 🔹 As...
Bitcoin is in a very important limit in the weekly time frame and has a long-term downward trend line that if it succeeds in breaking it in a valid way, something important will happen and it will have a very good growth, which can reach around 42000 reach $48,500. Also, in the short term, if it breaks its upward trend line and loses the support of $24,800, it...
XDB / 1D DigitalBits (XDB) is sitting above the corner of a triangle pattern in its daily time frame and long-term trend, which it is trying to break to the upside. It is also in a descending channel in the same timeframe. The news and events of the next few days for this currency, especially June 26, are very important in relation to the update of the main...
total 2/W Altcoins index (the total volume of the money market other than Bitcoin) In the weekly (long-term) timeframe, what the chart shows is the formation of a bullish inverse head and shoulder pattern. Of course, the pattern has not been confirmed yet and it is not possible to comment much on it, there is only a possibility that if this happens, we can...