BTC in an accumulation period for some time now... Some people saying H&S, I'm keeping it simple here--a rising wedge coming off massive volume.
This could be a profitable zone if bounces off prior resistance. Previously, there had been a top failure swing and price overshot. Massive euphoria and bulls got exhausted. This is a healthy correction and for those that haven't gotten in yet or are waiting to buy back in it's a good time to be watching in my opinion.
Broke the upper trend line resistance, looking for retest and then up.
After a long period of relatively stable base price of around 240 sats, I see $TRX establishing a new bull trend. My ideas on where price can go from here.
Looking overbought based on Ichi analysis. Testing Kijun Sen, market weakening. If test fails, Not much holding it up, maybe drop to fib levels.
TD 9 setup. Bullish pennant. Looking undervalued and undersold. Watching volume, but looking like a good buy either way.
I expect to see a minor pull back to sideways action and then higher after it retests this support level.
Pretty confident right now BTC is forming a V since it is confirming E2E. 4 hour candles closing in the cloud.
Very Long on ADA. If volume picks up we could see massive gains. If not, support levels have been drawn.