Hello traders! These are my analysis, I am buying shiba in parts on the levels circled (DCA.) Shiba has a huge potential and it will retouch its all time high in the upcoming days.
there is a rising wedge on a daily time frame. Probably btc is going to bounce off this support area but if it breaks it, we could be going down to 38000-35000 level.
A clear rising wedge on a 2 days chart. There is a small retest happening. One more engulfing candle would be our confirmation for a buy position.
According to my analysis, there is a small correction happening on a 4hrs chart and we might retest the support levels before bouncing up again.
FTMUSD just formed a cup & handle pattern on a 2days chart. The retracement is done and we are headed for a big bull run.
On the daily chart, the downward wedge was broken! These are my analysis.
BTC got rejected at the support level for the third time. If we break the descending wedge and go to 47k level from here, we might hit 53k-56k level and then to 69k hopefully. In the past, whenever btc price broke through the descending wedge, it sky rocketed. So according to my analysis, if this wedge is broken, we might see 53k
On a 4 hours chart, you can see whenever the price action tests the 0.618 level, it rejects hardly. According to my analysis, we could see a huge drop to around 150-148 level one last time and then its going to be a bull run.