$CREAM Performed Bullish Symmetrical in 2hr TF What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a...
Pepe (PEPEUSD) is trading within a Falling Wedge ever since the first sell-off and sits below both the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) which made a double rejection on the latest Lower High on August 14 2023. The 1D MACD is already on a strong post Bullish Cross sequence so the slightest break-out, preferably above the 1D MA50, will be a...
Chainlink (LINK) has witnessed a substantial surge in the past two weeks and is now approaching the prospect of a new yearly high. Both weekly and daily timeframe analyses exhibit bullish tendencies, which is supported by the price action MFI. How Far Can Chainlink's Uptrend Continue? Looking at the weekly technical analysis, LINK's price has been on the rise...
#BTCUSD I wouldn't consider any long positions in Bitcoin until we see the equal lows around 24,800 being taken out. If we confirm a Short ORDER FLOW, there could be potential short positions with targets down to 24,800.
Cloudy, slightly bearish skies ☁️ linger over Bitcoin and a great part of the global crypto market in the next 24 hours. A couple of altcoins, like Cardano, Chainlink, and Uniswap may benefit from sunnier, slightly bullish trading conditions, ATTMO's forecasts show. ☀️ Over a one-week horizon, trading conditions become mixed with sunshine returning to parts of...
Pair : LDOUSD ( Lido Dao / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Making its Retracement as an Corrective Pattern " Bearish Channel " If it Rejects from Previous Support then Long
Curve DAO Token (CRVUSD) broke above the 1D MA50 (blue trend-line) for the first time since July 30, with the 1D MACD breaking above the 0.00 neutral mark. The long-term pattern is a Channel Down since the February 21 High, which hit the November 22 2022 market bottom on its last Lower Low (September 13 2023). Every 1D candle closing above the 1D MA50 following a...
Bitcoin (BTCUSD) failed again to break above the 1W MA200 (orange trend-line), closing instead the 1W candle in red and is pulling back. Today's study is on the 1W time-frame and compares BTC's price action through the whole year to the U.S. Dollar's (DXY). You would expect a correlation between the two but as you can see on these charts, it has gotten...
📝 With the upcoming launch of the Venus Prime program, the Venus community has published a new proposal to reduce $XVS emissions by 75% in the Venus Core pool markets twitter.com
Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart...
LSE:CFX Performing descending broadening wedge pattern Descending Broadening Wedge Pattern Explained A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines . A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines...
📈 $PERP, after a recent 2.5x split following a strong surge, is now consolidating with a market cap of $40M. $PERP It’s almost enough after grinding. The current price is 0.6, and the profit-loss ratio is pretty good. $PERP Adding some here maybe we will see a upside soon if #BTC remain Stable once we break this trendline expecting a upside move
NASDAQ:RDNT : This one's intriguing. GSR had 3.5 million NASDAQ:RDNT tokens in their wallet before Sep 2nd. In the last 7 days, they added 920k tokens (~$200k$). All these tokens were withdrawn from @binance and @okx Seems like they're actively buying, not receiving as market makers. 🤔 NASDAQ:RDNT current market cap: $102M Approximately 105X. Few understand.
MIL:WLD performing symmetrical triangle Keep eye on it What Is a Symmetrical Triangle Pattern? Definition and Trading What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend...
Last week we covered the Lower Highs trend-lines involved on Bitcoin's (BTCUSD) medium-term price action (see chart below) and how each break-out would be a Resistance break targeting the next in line: The Lower Highs 1 trend-line broke and almost hit our 27550 Target but the rejection on Lower Highs 2 (started on the July 13 High) has been so far rather...
Terra Classic (LUNCUSD) just hit the 1D MA50 (blue trend-line) for the first time since July 22. The pattern is a Channel Down going back to early March and every time the price broke above the 1D MA50, it went all the way for the 1D MA100 (green trend-line) to form a new Lower High at the top of the Channel Down. As a result, we will buy the moment the 1D MA50...
Immutable X (IMXUSD) is seeing a huge rally today, almost +50% so far, that has hit the 1D MA200 (orange trenf-line) and the top (Lower Highs) of the Channel Down. The previous 1D MA200 test (July 28) was a clear rejection and what started August's massive -46.80% decline. The last such decline (-46.95%) was in May/ June, the first sell wave within the dominant...
Hi dear friends, hope you are well and welcome to the new trade setup of Enzyme (MLN) token with USD pair. Previously we caught a almost 22% pump of MLN as below Now on a 4-hr time frame, MLN has formed a bullish Gartley move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the...