RLC/USDT Technical Analysis 📈 This chart presents a clean and structured technical analysis for the RLC/USDT pair on the 1D timeframe. Key focus has been placed on identifying critical support and resistance levels, along with potential trend developments. ✅ Key Levels: Resistance zones: $3.07 and $3.70 Support zones: $2.21 and $1.79 ✅ Trend Insights: The...
DYDX/USDT - Identifying the "Bump and Run Reversal Bottom Pattern" on the Daily Chart In this technical analysis, I have identified a Bump and Run Reversal Bottom Pattern, divided into three key phases: Lead-in Phase: During this phase, the price moved within a slightly sloping downward channel, maintaining a steady bearish trend. Bump Phase: A period of steeper...
BTC/USDT Technical Analysis: Potential Retracement Before Continuation In the current technical setup, Bitcoin's price is forming a Bullish Flag pattern, which suggests a continuation of the upward trend after a temporary retracement. Here’s a detailed breakdown of the analysis: Support Levels Within the Bull Flag The lower boundary of the bull flag aligns with...
Trendline Respect: The price has shown consistent respect for the established trendlines within the descending channel. These trendlines have acted as significant guides for the price movement, reflecting a clear structure in the market's behavior. Potential Breakout: As the price narrows near the convergence of the descending trendline and support, there is a...