Well, probably some of u have been wondering why that bitcoin declining sharply. From the technical perspective, we can see that in weekly timeframe bitcoin had a big head and shoulder pattern since july 2021 till january 2022. In this pattern, it has resistance from the head and shoulder pattern around 40-44k that been tested and rejected. So, with that pattern...
ETH currently having a potential cup and handle on the weekly chart with resistance around 4013. So, if ETH could break 4013 and became a strong support on that area, the next target will be around 6000-6300 based on the cup and handle target and fibbonaci 1.618.
ALICE had break the falling wedge pattern and in my opinion currently it has a potential inverse head and shoulder pattern, with the target price around 15. If ALICE break from that area which is a valid invers head and shoulder then the next target will be around 21-22. Also we can see the correction target is perfectly held by the fibonnaci 61.8% around 11. Dont...
BNB USDT had already break from the falling wedge pattern, on the other hand the 4h timeframe is showing a bullish divergence. So the nearest target price for now is around 435-438. Based on the bitcoin monthly return for the pas 8 years, october - december was a bullish market. So, the other coin like BNB, ETH, etc most likely will follow!
AXS USDT had already break from the falling wedge pattern and continue with inverted head and shoulder pattern, probably will retest the inverted head and shoulder once again around 71, in my opinion the retest will be a good entry with the target price around 92-95. Also the the macd is showing us a bullish divergence which is a good call to long AXS.
The wait is finally over, BTC had already break the resistance trend line! On the other hand, the MACD is showing a golden cross on the daily timeframe. October-December will be a good season for BTC.
ALICE weekly chart, potential inverted head and shoulder pattern ? lets see
XRP USDT currently making a bullish rectangle pattern with 1.3 as the resistance, if XRP break from this area then the nearest target price is 1.57. The second target price is around the ATH area about 1.96, then the long term target is 2.17 based on the daily cup and handle target price. Im bullish on XRP
AUDIO USDT seems like make a big cup and handle pattern on the daily time frame, and now it is in the support area around 2.27. As long as AUDIO can maintain this area, then the nearest target is 4 and if it breakout from 4 ( cup and handle neckline area) then the cup and handle targer price is around 7.5 - 7.7
Another cup and handle on DOGEUSDT, if it break from 0.336, then near target price is 0.39. 1:3 risk reward
SCMA on the daily chart had touched the correction target on fibonacci 1.619 area (1740) and it is rebound from there. So its a reversal sign, target price for SCMA is 1970, 2040, 2300, 3180.
After break 13.5, SUSHI took a good correction around 12. Now it already break the 13.5 again, my target price for SUSHI is 18. This is third target price for SUSHI (check out my previous analysis on SUSHI USDT)
In my opinion, BTCUSDT will take a healthy correction to touch the support trendline and fibonacci 0.382 in 44014. If BTC showing a rebound from that area, then it will continue to the resistance area in 58000-60000.
On the 1d timeframe ALICE USDT is making a cup and handle chart pattern and currently is on the right handle, the resistance is around 16.13 - 16.48. If ALICE USDT could break this area, then the cup and handle pattern is confirmed with the target price 29.86.
BAKE/USDT showing a symmetrical triangle pattern on 4h chart, also it shows a bullish divergence. So the bullish divergence target is on 2.69
Since the BTC showing a healthy correction (I have published it on my previous analysis), so the other coin like ETH will follow. On the 4h timeframe I have found a bearish divergence, so most likely it will touch the second bearish divergence target which is around 2888. Not only that, the 4h time frame also showing a potential double top pattern and if it...
DOGE USDT has a cup and handle pattern and already breakout from the neckline, we can use a buy on breakout strategy. Based from the cup and handle pattern, the target price is 0.303.
On this analysis, im using a really simple technical analysis. The 1D time frame is showing a potential double bottom, because SUSHI USDT touched the support area in 6.3 and went up. Also on the 4H time frame, SUSHI USDT also break the falling wedge pattern, which showing a really sign for this coin. So, in this case my target price for SUSHI USDT is 9.65 (double...