With a confirmed breakout above the descending channel and a subsequent re-test of the breakout point, THETA's weekly chart is indicating a bullish shift. The price surge has established new support, laying the groundwork for an upward continuation. Looking ahead, we're targeting incremental resistance levels, the nearest being a 19.51% climb from our current...
Facts:
In last 30 mays, 26 875 BTC was mined.
In same period, MicroStrategy has purchased 16 130 BTC.
Purchased amount equates to 60.0% of total Bitcoins mined in given time period.
Price action:
On above chart we can see that supply is drying up, hence higher lows.
Also, while expecting higher prices, nobody is willing to buy higher, resulting in same...
ADAUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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COINBASE:BTCUSD looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market.
Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance,...
This stock had previously bounced off with good volumes from the constant upward rising demand zone and it has done the same from the same zone on Tuesday's trading session.
24000 is a good support area for the stock and the reversal point of 23883 is an important low to be considered if the current uptrend is to be held.
On the upside the 24500 zone is the...
Ethereum (ETH) is currently carving its path within a significant ascending triangle, a pattern that often signals powerful price movements. However, recent developments suggest a breakthrough, warranting a closer look at the potential implications for traders and investors.
Chart Analysis: Breaking Boundaries
Ascending Triangle Overview:
ETH's journey has been...
OANDA:XAUUSD sold off 6% from its high. The price has lost more than $130. This is the biggest drop since August 2020. At the moment a correction is forming, after which the fall will continue
On d1, the dollar is strengthening in anticipation of positive news, while the Fed is silent and treading water.
Gold is forming a huge false breakout and a candle with...
Gold is Broken large ascending triangle on the weekly time frame and also at C&H if it follows these patterns we would have seen gold's biggest historical rally.
🤑Stay awesome my friends.
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previous Analysis
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Bitcoin is in the channel as well as the Crab pattern. Also Broken the Ascending Triangle which could very well push the price up, the price will easily reach 40k.
🟡Summery:
The price is in the ascending channel.
Broken the ascending triangle.
in the Crab Pattern.
Price in the PRZ zone.
EXRet 1.618= 3940$
previous Analysis:
🤑Stay awesome my friend.
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XLMUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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Today, let's shine a spotlight on BEAMX, an emerging star in the crypto galaxy. Despite being a newcomer, it's showcasing unmistakable bullish vibes, setting its sights on the $0.5 milestone. Join me as we explore the promising trajectory of this budding coin! 🌌📈
BEAMX's Stellar Prelude:
Genesis of Optimism:
Fresh Arrival: BEAMX has recently entered the crypto...
Although there was a recent breakout above the horizontal 38K resistance line, COINBASE:BTCUSD was unable to maintain above this level. We can see on the daily and 4h chart that BTC has evolved into an ascending triangle.
Bullish scenario : An ascending triangle is usually a continuation pattern so more upside is possible if BTC manages to perform a (real)...
A stalemate! News ahead:
Prerequisites for the fall ↓:
1) False breakout and price consolidation below the channel resistance can send the price downward
2) A breakout of 0.382 Fibo may trigger a fall.
3) The price may reach the trend support as part of the correction
4) This decline may start on the background of bullish news in the US market.
Prerequisites...
FX:GBPJPY is forming a set-up within the ascending channel, which predicts the continuation of the trend, but for this the price needs to overcome the resistance at 188.28.
On D1 we can see that fundamentally and technically the national currency of Great Britain looks much stronger than the Japanese currency, although Tokyo has been trying hard to strengthen...
FX:GBPUSD reaches the previously mentioned target of 1.2726, a false breakdown of the liquidity area is formed and apparently a correction will be formed before the retest.
The TVC:DXY opens with a small counter-trend correction from the opening, which has a corresponding effect on the Forex market. In all probability, the index will test the previously...
OKX:TONUSDT has been demonstrating excellent fundamental data lately. The market is forming accumulation of bullish potential, which may soon move to the realization phase.
The price is trading under the global descending resistance line. The market continues to form an ascending price channel. It is worth paying attention to the ascending triangle and false...
LINKUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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OANDA:XAUUSD is standing still on Thursday, which we were prepared for. The TVC:DXY opens with a subsequent decline on Friday, which gives bullish hopes for GOLD to strengthen. Let's breakdown:
On the local timeframe, the prolonged consolidation is forming a symmetrical triangle, but as a strong support area is forming below the pattern and the price is...
