Bitcoin was in a bullish triangle and, as we predicted, it was bullish and broke the resistance and broke the pullback. If we look in the abstract, we may also see a wedge that you may return to your support after touching the wedge roof.
At first glance we see a descending wedge and at second glance a resistance with 5 collisions If the resistance is broken, the wedge roof will most likely be touched again, otherwise the price will drop to support
As you can see, we are in a long-term channel and an important support that has prevented the channel from falling to the bottom and the price may suffer for a while, but due to two consecutive attempts to break the channel, there is a possibility of returning to the bottom.
We are in an important position that if we lose, we will see a reduction in prices again, otherwise we will have to see a return to resistance .....
Arpa is also in an uptrend channel that is touching the canal floor which it is likely to touch because according to the stochastic indicator the price continues to fall. After touching the canal floor we should expect it to touch the canal roof again next week
We have almost reached the bottom of the canal, and if we see a return from the floor, we expect it to reach the canal roof and set a new price record
Between an important support and resistance that has already touched the resistance and is returning to support .......
It is very important now that Bitcoin can prove itself above 60,000 thousand But in the chart we see a bullish head and shoulders which can be a very positive point We also saw a symmetrical triangle that broke and crossed, however the probability of climbing next week is very high.
In fact, we are in a resistance and we have witnessed two consecutive attempts to break this resistance and prove it Currently, due to the unknown status of Bitcoin, the trading volume is low. If Ethereum overcomes its resistance and proves itself above it, its first target will be 2200 and if it does not succeed, we will see a drop to around 2000.
There is a weakness in the uptrend of bitcoin and according to the ADX indicator, bitcoin has been sidelined so that you do not break the 61800 and prove it, do not try to re-enter. If Bitcoin can not break its resistance, we must wait for the fall to 59,000 and 58,000 ........
We witnessed the loss of an important support, which in fact we may see the touch of the second support, and from there we see a return and a rise in price.
We have been in a downtrend for some time and now at the top of the channel and at the bottom of an important support if this support is lost we will see a big price reduction and also if it can break the ceiling of the channel we have broken a strong downtrend line We will see good climbs
Dot broke its resistance and pulled back and now it is coming back Based on the Stochastic Oscillator a Golden Cross occurred and we are now in support and is expected to climb
we saw the failure of a triangle and now we are in Pulbeck, we are also at the bottom of a long-term channel .... The minor resistance will be 62,000, and if it is broken, we will see 65,000
According to the MACD indicator, we see a Golden Cross that can act as a green light, and according to the CCI Oscillator, we see a positive divergence, which is another positive light, and according to the classical technical analysis, we see a triangle that If it breaks the triangle upwards, we will see great climbs
Bitcoin apparently corrected itself and hit the bottom of the triangle, and we are expected to break the significant resistance of 60,000 and stabilize ourselves, and we will have a step up to 70,000.
litecoin formed a triangular pattern and was climbing, but always with Bitcoin falling to the return line, if we see the return of Bitcoin, we will wait for the return of litecoin.