Description: Cardano (ADA) vs. Bitcoin (BTC) on the weekly chart has broken out of a long-term downtrend, signaling a potential trend reversal. After a prolonged decline, ADA found strong support near historical lows and surged upwards, breaking through the descending trendline with a significant increase in volume. This breakout aligns with a projected target of...
BTCUSD's monthly chart has confirmed an inverse Head and Shoulders breakout, suggesting a potential bullish surge in the coming months. The breakout above the neckline around $70,000, supported by significant volume, aligns with a price target of over $300,000, representing a potential 300% gain. This setup highlights a possible major uptrend, with Bitcoin aiming...
The chart does not need much explanation: there is a bullish RSI divergence, with ADA’s price holding strong against BTC each time the whole market declines against BTC. This suggests that ADA might already found the deep, similar to the vibes of 2021. The only concern is the lower volume compared to the last cycle. Fundamentally, the Chang hard fork is coming to...
ADA is getting the first time test since 120 days of breaking out of the downtrend that lasted for 690 days, all eyes on ADA, a clear reversal on the daily chart:
What do you think about this Scenario for BTC correction ?
everything is clear unless bitcoin has another direction.
If we broke the red resistance area, most likely will see the 2017 bull run moves playing out
if the yellow support line maintains and if we will see a reversal of the downtrend I think its officially a bullish pennant or either an ascending triangle if we see at the blue line as a resistance, in the two cases a bullish scenario!
an ascending tringle have just formed, this is a bullish pattern!
breakout of a long term downtrend
A clear reversal of the downtrend and a previous resistance become a support What do you think guys?
on one hour candles we entered to an Ascendants Chanel once we touch 9.1 k which a huge supply Area i think we will see the 9.1 k or less . any one have other ideas please comments