ETH Technical Analysis: Anticipating Lower High and Lower Low, Smart Money Concept Suggests Bullish Trend Continuation Introduction: In the hourly timeframe, Ethereum (ETH) currently exhibits a lower low and lower high structure, aligning with the concept of smart money and signaling a potential continuation of the bullish trend. Notably, recent candle...
Currently, BTC is displaying a recurring pattern of lower lows and lower highs within the hourly time frame. However, there is a potential for a bullish upswing at the Order Block Zone around $26,500. It is worth noting that in technical analysis, a significant shift in market sentiment can occur when we start observing higher highs and higher lows, indicating a...
Arbitrum (ARB) Price Prediction 2023 Arbitrum (ARB) ranks 37th on CoinMarketCap in terms of its market capitalization. The overview of the Arbitrum price prediction for 2023 is explained below with a daily time frame. In the above chart, Arbitrum (ARB) laid out an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing...
Ethereum (ETH) Exhibiting Ascending Triangle Pattern Breakout, Anticipated Price Targets Introduction: In recent trading sessions, Ethereum (ETH) has shown a compelling technical pattern known as an ascending triangle breakout. This article examines the potential price targets based on this pattern and the strength indicators supporting the current movement....
BTC, the world's largest cryptocurrency by market capitalization, is currently trading within a Horizontal Channel pattern. This pattern is characterized by a range-bound price movement between a support level and a resistance level, with the price bouncing between these levels over time. At the moment, there is a 60% chance that the price of BTC may hit the...
FLOKIUSDT, the cryptocurrency based on the Shiba Inu-inspired meme token, has been showing signs of bullishness recently, with the emergence of a W pattern on its price chart. This pattern is a technical analysis pattern that often indicates a potential trend reversal. Based on the W pattern, we can expect some retracement till the Retest Zone at $0.0000033452,...
ETH Enters Consolidation Phase: Analysis of Price Range, Activities, and Potential for Bullish Run Ethereum (ETH) has been experiencing a consolidation phase from 8-Nov-2022 to 11-Jan-2023 with a price range of $1075 to $1340. During this period, the price of ETH remained relatively stable, with no significant price movement in either direction. However, on...
BNB Falling Wedge Analysis The above chart of Bitcoin laid out a Falling Wedge .In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern...
SOLUSDT "Ascending Triangle" Breakout The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trend line that connects the highs and the lower trend line that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending...
BTC "Short" The above chart of BTC laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is...
An ascending scallop pattern is a bullish continuation pattern that appears near the top of an uptrend. It's characterized by a rising price trend, followed by a short-term retracement, and then another rise to form a higher peak. This creates a scallop shape on a stock chart. Currently the price of Rose is trading in the range of 0.08373, If pattern continues it...
Ocean Protocol (OCEAN) Price Prediction 2023 Ocean Protocol (OCEAN) holds the 227th position on CoinGecko right now. OCEAN price prediction 2023 is explained below with a daily time frame The above chart of Ocean Protocol(OCEAN) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of...
Ethereum "Descending Channel" Analysis The above chart of Ethereum (ETH) laid out a descending channel pattern. Descending channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the...
Bitcoin Falling Wedge Analysis The above chart of Bitcoin laid out a Falling Wedge .In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern...
A trader may initiate a long position in Bitcoin with a 15-minute time frame, The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of $22917 and a protective stop loss set at the recent swing low of 23010. The potential reward to risk ratio is 5. Trade Setup Time Frame : 15 Mins Entry Fib Level:...
A trader may initiate a long position in Shib Inu with a 15-minute time frame, as the price action is forming an "Horizontal Channel" pattern. The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of $0.00001378 and a protective stop loss set at the recent swing low of 0.00001304. The potential reward to risk...
A trader may initiate a long position in GRT with a 15-minute time frame, as the price action is forming an "W" pattern. The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of $0.2150 and a protective stop loss set at the recent swing low of 1620$. The potential reward to risk ratio is 6. Trade...
A trader may initiate a long position in ETH with a 15-minute time frame, as the price action is forming an descending channel pattern. The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of 1670$ and a protective stop loss set at the recent swing low of 1620$. The potential reward to risk ratio is...