The chart suggests that ENA/USDT is currently in a potential accumulation phase, with price hovering around a key support zone on the weekly timeframe. This may indicate a possible bottoming pattern, setting the stage for a bullish reversal.
Detailed Analysis:
Support Zone:
ENA/USDT is trading near the highlighted green support area around the $0.16 - $0.20...
The chart indicates a possible bullish setup for AXL/USDT on the daily timeframe. The price is currently testing the support zone between $0.46 and $0.56, suggesting a potential entry point for a longer-term upward move targeting $2.1.
Detailed Analysis:
Price Structure:
AXL/USDT has been in a downtrend, followed by a consolidation phase near the support zone at...
The chart illustrates a potential Elliott Wave structure unfolding for SAGA/USDT on the daily timeframe. Currently, the price has dropped to the support zone of $1.6 - $1.7, suggesting the end of Wave 2, marking a potential entry point for a bullish move.
Detailed Analysis:
Elliott Wave Structure:
The potential Wave 1 reached approximately $2.58, indicating...
The NKN/USDT chart on the 4-hour timeframe is showing a bullish trend supported by a rising trendline, indicating a series of higher lows. The price is currently approaching a critical resistance zone around 0.0794 USDT, a level that has rejected upward momentum in previous attempts.
Analysis
Trend: NKN is in an uptrend, confirmed by the upward-sloping trendline...
The BTC/USDT pair on the 1H timeframe shows a classic Elliott Wave cycle, with Wave 4 appearing to have been completed and Wave 5 potentially about to start.
Technical Analysis:
Elliott Wave: According to Elliott Wave Theory, after Wave 4 (a corrective wave) completes, the market often enters Wave 5, which is usually the final bullish wave before a larger...
