My analysis is based on trend lines.
In my opinion, bitcoin can reach 46800 and if it stabilizes above this level, it can reach 57200, but if it is not able to stabilize above 46800, there is a possibility that it will fall to 37300.
Thanks for paying attention to my analysis.
Bitcoin managed to break above 42k and we are retesting the important resistance level right now and it seems that we get a daily close and confirmation above. You can make the case that this is a cup and handle with a target of 54k. If we reach the target we are maybe consolidating a bit or forming a bull flag. I think that if we can hold above this level we are...
We can see a reversed head and shoulders. We are likely almost in the middle of it. I bet on a long position from the half of the head to rocket the price up to the right shoulder. Multiple positions could be opened through the whole pattern to collect a few hundred ( maybe thousands ) pips!
Ethereum doesn’t look globally good, as well. What we have is a descending triangle with the flat support which is a bearish pattern.
Moreover, there are even two strong resistances that keep $ETH from growing. Once the $1800 is broken, the massive down trend will be confirmed.
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Possible pattern and then drop like this (from head to neck line). You can see that volume in head is less than left shoulder (-RD) and you can see hidden divergence between the head and right shoulder on RSI.
TRON Currency, like the market as a whole, instills in us a sense of dread of Bitcoin's next move.
If the trend can move between the resistance and support zones or break upwards, it indicates that the currency has stabilized.