Projection of price movement to the H&S pattern target
Projection of price movement to the H&S pattern target
The Common Knowledge Blockchain has maintained the support zone (mid channel) effectively and has now rebounded, moving towards the horizontal channel’s resistance line, hence forming the right shoulder of the Inverted Head & Shoulders pattern. If the price breaks above the channel and completes the H&S pattern on the weekly chart, we expect it to rise to our...
CKB has undergone consolidation within multiple descending parallel channels. Following a break and retest of the initial parallel channel, signaling the beginning of a bullish trend, we anticipate the price to advance towards the subsequent resistance of the second channel and ultimately reach the third channel. A breach of the final descending parallel channel...
CKB has undergone consolidation within multiple descending parallel channels. Following a break and retest of the initial parallel channel, signaling the beginning of a bullish trend, we anticipate the price to advance towards the subsequent resistance of the second channel and ultimately reach the third channel. A breach of the final descending parallel channel...
CKB recently breached a descending trendline and has effectively confirmed this breakthrough with a successful retest. Presently, price is retesting a significant support zone, where it previously got rejected four different times (indicated by green upward arrows). Observing the chart, an inverted Head & Shoulders pattern is taking shape. Our anticipation is...
A bullish contunuation pattern (Bull Flag) is in the formation. On the breakout of the Channel Resistance we expect price to rise as high as the height of the Flag Pole. IF SCENARIOS From the previous Bitcoin Cycles we have seen most bull markets happen on the last quarter of the year to the first quarter of the following year. So we assume the same might happen...
BTC price has been trading within two descending channels and price has recently fallen to the channels's support line. This is a bullish flag pattern which denotes a continuation of the bullish trend. We expect the $20K - 22k range to be the turning point as a bullish divergence has just been formed on the RSI indicator. 1st Target - Channel's Resistance 2nd...
If this bearish pennant works out we'll have a lifetime entry. Looks possible if BTC trades around 20K
This must happen! A Bearish flag in place and stochastic on the sell in 4H
Bitcoin has broken the ascending trend line that acted as the support, and is now retesting it. After the retest we expect a fall in price to our first support level $19,800. If the support fails to hold there is a possibility of further drop in price to the intersecting strong support lines (area of interest) around $12,300. December 31st (end of year) is an...
A nice bull flag pattern is in formation here. Following this correctional movement, price is held down on a parallel descending channel (bull flag). Taking into consideration that a long term trend for CKB is bullish, chances are high that we will see a bullish continuation after price breaks the resistance of the channel. Another chance to accumulate more...
We expect the price to react upwards after this retest
XRPUSD - 1H Projection 📈 XRP is trading within an ascending parallel channel. Price has touched the support line of the channel and is now testing the resistance line of the descending triangle. Incase of breakout (candle closes above) of the triangle resistance we expect more growth of XRP price to the channel resistance.
THETAUSD - D1 Projection 📈 Following the strong uptrend, price has formed a bullish pennant pattern that suggests an uptrend continuation. Price has consolidated and accumulated in the triangle to gain momentum for an impulsive move of another leg upward to test $22 pennant target. Buy THETA from Binance or Kucoin exchanges.
ADAUSD - D1 Projection 📈 An Ascending triangle has been formed and price is testing the resistance line of the triangle. Following the strong uptrend we expect a breakout of the triangle resistance and further growth of Cardano price to our $3 target.
BNBUSD - 2H Projection 📈 Following the strong uptrend, price has formed a bullish pennant pattern that suggests an uptrend continuation. Price has consolidated and accumulated in the triangle to gain momentum for an impulsive move of another leg upward to test our $680 pennant target.
Keep Price is trading within an ascending parallel channel and the price is expected to test a major support zone. Taking into consideration that CKB has been bullish from the beginning of this year, we remain bullish biased. Price rejection of the channel support will lead to a further bullish continuation. Keep is an incentivized network for storing and...