dot market structure broke and it has failed to reclaim upper range which can result in a abc correction. in order to be bullish dot needs to close above 26-28 dollar range
targets on chart if neckline breaks successfully pullback to demand zone incase of failure
btc making hidden bullish divergence on weekly time frame and daily time frame and a inverse head and shoulder on the 4hr tf (check my previous chart) worst case scenario is btc falling to 51k.
potential bounce back from demand zone if demand zone does not hold btc can touch 51k support
btc bounced perfectly from demand zone and broke the falling wedge pattern
BTC IS IN A FALLING WEDGE NOW AND IS continuously making lower highs we need a higher high to break the bearish structure this we can expect from the mini trendline (green line) forming on the LTF if we bounce back from this trendline we can most likely see breakout from the wedge if not btc can continue to go down till next demand zone
SAND/USDT BROKE DESCENDING TRIANGLE TARGETS CAN BE SET ON FIB RETRACEMENT LEVELS
A potential cup and handle formation can be seen on 4h chart.a short term retracemt back to 52-51k level and then bounce back to ATH and beyond?
A potential cup and handle formation can be seen on 4h chart. retracemt back to 52-51k level and then bounce back to ATH and beyond?
LTC has been forming a falling wedge pattern since June 2019 against BTC pair on the weekly chart If it breaks the wedge bullishly we can see ltc targetting its All time high AGAINST BTC. WE Also have the MIMBLE WIMBLE news on the fundamental side so a BULLISH BREAKOUT looks imminent to me. PLEASE CORRECT ME IF I AM WRONG I AM A NEWBIE IN TECHNICAL ANALYSIS IF...