Important things to note: Price has tested main support Price has tested 200MA Basing pattern may form, watch for handle BTC's movement upward to 55k is allowing ADA to consolidate at support If new high is created we will have perfect ascending wedge New trendline created with lowered slope My upside target is 3.16-3.24 (profit taking) My downside target is...
BTC/USDT -As long we are Holding on to this current level of BTCUSDT the consolidation are still holding strong -At the recent price correction of 60k in April) BTCUSDT has continue to trade extremely high. -Despite the short down retest the market has been able to accumulate consistently with maximum support. -If these continue with 2% increment 2 hr chart we...
ETH is in consolidation today, when the level is broken, we will most likely go to the next support level, but if we start from this level, and such a scenario is more likely, then we will fly to 4200! Do you agree?) Your Solldy.
Important things to note: BTC closed above 51K, likely to test 55k next. ADA tested main trendline twice and produced long wicks Started moving back up into a basing pattern (happens prior to price move) Short term target 3.16-3.24 Volume filling Pullback overdue, ADA shows oversold on weekly. ADA price sitting right above main trendline Important Dates to Take...
NSE:SUNPHARMA is in a ttm squeeze with increasing momentum which indicates that it could give big move up anytime soon. Besides that, below are the additional confirmations that makes it bullish for short term. 1) All the EMAs are stacked up 2) It bounced off of 21 EMA and now it's consolidating at the resistance level which it created a month ago.
* Very strong earnings quarter over quarter * Very strong up trend * Broke out of a roughly 1 month consolidation with close to average volume Note: This is a solid growth stock to trade short term but also hold for the long term.
Intro: - KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase. - Often times Coins are listed earlier on KuCoin than on other major trading plattforms. - The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors. - It takes some time to create such ideas and drawings. You are welcome to pay me...
Important things to note: ADA Breaks out of flagging pattern, but misses ATH. BTC Hits 51K If Bullish, price likely to fall into basing pattern Volume will fill 200MA will likely be tested Keep and eye on the trendline So, though BTC has created a new high, ADA has struggled to reach the same heights. Though it might not seem like it, the ADA price is bullish I...
I have been in a bit of a time crunch lately and realized that I made some mistakes that might not have mattered to someone that understands technical analysis, however it would completely confuse a beginner. Since, I assume I have some beginners here, I decided to take some extra time out of my day, slow down, and explain what I see properly. This way, it will...
consolidating before the breakout, yeehaw. just a matter of time
Bigger picture, USOIL has been in consolidation lately & whenever I see periods of consolidation, I tend to be more aware of potential advanced pattern formations. Now i can't take the credit for finding this one (as my buddy Nicky forwarded it my way), but coming right off the back of a previous Bullish Gartley, we have a potential bearish Cypher pattern setting...
NSE:BALRAMCHIN is in a tight Consolidation near resistance. It is also in a ttm squeeze with increasing momentum which indicates that it could give big move up anytime soon. If it breaks out then we could see it go 400-420.
So SCUSD was requested by a follower of mine and I am charting this blind. I literally have not looked into this coin at all. However, I see an extremely strong base which formed a nice cup with a very small handle. Personally I would like to see a bigger handle, but that is a minor gripe. Regardless, there is a strong basing pattern, it is sitting above the...
SHOP has been consolidating after a daily triangle breakout Nice sideways action preparing for another leg to the upside. I will be watching price at $1558 Great potential for a runup
H4 time frame. The short-term downtrend structure was broken when the price increased strongly and formed a symmetrical triangle consolidation pattern on the key level. Price just broke out of this triangle consolidation pattern. Here, you can wait for a buy setup with a 1-hour time frame to trigger. The profit target is the old resistance zone at...
Hi Traders! The market is neither in a clear Uptrend nor in a clear Downtrend. As you can see, the market strongly went up. But shortly after, we see how the market turned back down and how it's starting to consolidate now. Now we have two things which are confluencing: The Ascending Trendline There is a purple ascending Trendline (Area) which is important...
CHZ has been consolidating for the past 100 days or so. Last time this happened was in back in December 2020. We have a low volume, same thing as in dec 2020. On the weekly timeframe, the MACD just turned bullish! Let wait and see. I'm expecting a bullish move soon.
As stated by many experts, the current bullish momentum can only be supported by strong demand, otherwise, BTC’s price could move sideways or risk returning to its former range below $40,000. The amount of on-chain activity is a useful indicator to measure say demand. As the first cryptocurrency by market cap climbed to its all-time high, above $60,000, the...