* Axie Infinity in 1H time frame forms a Descending triangle, with it's support near $64.30 and the trend-line as it's resistance. * Descending triangle is a chart pattern used in technical analysis, it is considered to be either bullish or bearish depend on the trend. * If the AXS breaks the above trend-line it will rally till $75.
* Matic in 30 minutes time frame appears with bearish divergence. * RSI divergence occurs when there is no longer the same momentum between the indicator and the price. * If the price breaks it's support of $1.31000 we can see a drop till $1.2000.
* Compound in Daily time frame forms Ascending triangle with it's resistance around $513 and it's support as the below trend-line. * Even the 50 EMA is also working as the support for the price. * If the price breaks it's resistance we can see bullish move till $580.
* USDTRY was trading below it's resistance zone near 8.58000, now it breaks it's resistance and retesting the same level. * The previous resistance for the price is now working as support. After a proper retest we can expect a healthy move till 8.77000. * USDTRY is bearish below it's support zone.
* Ethereum classic in 4H time frame forms a symmetrical triangle pattern near it's resistance. * Symmetrical triangle pattern occurs when the price is consolidated within two trend-line till it is forced to break the either of the trend-line. * If the price breaks the below trend-line of the pattern we can see a trend reversal till $56 or if it breaks the upper...
* Quant in 4H time frame forms a Descending triangle pattern, with the above trend-line as it's resistance and the support near $145. * The Descending triangle is considered to be either bullish or bearish. * If the price breaks either side of the pattern we can see healthy move.
Cardano in 4H time frame forms a Inverse Head and shoulder pattern which is a trend reversal pattern. With it's neckline near $1.2000, if it breaks the neckline with a good volume we expect a rally till $1.2950
EUROUSD forms a double top in 1W time frame with it's neckline as support, if it breaks it's neckline we can expect a drop till 1.11700.
* Tezos in 1H time frame forms a Descending triangle pattern with respecting the upper trend-line as it's resistance and support near $2.7400. * The popular opinion on Descending triangle is that, it may be a continuation pattern or a trend reversal pattern. * If the price breaks the either side of the pattern we see a good move with a retest.
* Chain link is up with almost 50% from it's major support near $13.300. * It is now in a tight consolidation between it's major resistance zone near $20.800 and it's support as a lower trend-line. * If it breaks either the trend-line or the resistance zone we can expect a healthy move.
* Bitcoin rallied almost 40% from it's major support forming a rising wedge pattern in 4H time frame. * Rising Wedge definitely slope up but it is a bearish pattern which begins with a wide bottom and as price move up it becomes narrow. * The RSI in BTC also indicates a bearish divergence. * RSI divergence occurs when there is no longer the same momentum with the...
* Rising channel is formed when the price is contained between 2 upwards sloping parallel lines, forming higher highs ( HH ), and higher lows ( HL ). * If USOIL breaks the lower trend-line we can expect a move till $70. * In order to continue it's uptrend the price need to move within the pattern or should break the upper trend-line.
* After a drop of almost 8% from $1900 Gold is trying to regain the level. Gold is currently trading around $1814. * Every time the price tests it's resistance it gets rejected and falls till the below trend-line which is the support for the price. * If the gold breaks the below trend-line we can expect a small bearish move till TP1=$1799, TP2=$1792. * Gold is...
* Theta token in daily time frame forms a Descending triangle pattern, with the above trend-line working as the resistance for the price and it's major support near $3.500. * Currently the price is in a tight consolidation between, a Horizontal line as a support near $5.500 and the above trend-line. * If the price breaks the above trend line we can expect a...
* Algorand in 4H time frame forms a falling wedge pattern, which is a trend continuation pattern. * Here the price is consolidated between two trend-line slightly sloping downwards, the price is squeezed till it breaks the pattern. * Algorand breaks the upper trend-line, if it continues to rally the TP1 = 0.8600, TP2 = 0.9000
* AXS in 4H time frame forms a Pennant pattern, it is similar to Symmetrical triangle, depend on the trend it is considered to be either bullish or bearish. * The Pennant occurs when the price moves between two trend line with broad opening and narrow ending sloping towards each other. Here the upper trend-line is resistance for the price and the lower trend-line...
* Ethereum breaks it's resistance of $2650, and is retesting the same level. * After a proper retest it can gain the $2850 level, to continue it's bullish rally Ethereum needs to break $2900 level. * And it also formed RSI divergence, where the price action and the indicator no longer shows the same momentum, including the 50 moving average is also moving below the price.
* After a huge drop Thorchain Rune shows a bullish sign by forming the rounding bottom pattern. * Rounding bottom is a technical chart pattern formed by the series of price movement which is shaped as alphabet "U". Rounding bottom shows the end of the bearish momentum and signify the trend reversal.