Simple trading - Head and shoulders pattern I am looking for BTCUSD to continue falling as it respects the lower highs. Target 51200 **Update on new weekly support incoming
BTCUSD Longs/Shorts Ratio chart came back to the lower side of a range very quickly, which can be supportive for the Bitcoin based on the past reactions, so be aware of a bullish continuation.
Bitcoin chart is showing a large bearish and a smaller bullish H&S pattern, wrestling over price action. Who is going to win? Merely technically speaking I would rather have a bearish bias. This is no trading advice. I use this platform for CMT training only. Cheers!
Bitcoin with ticker BTCUSD is coming down out of the wedge pattern and it looks to have a completed wave (5) of 3, so we should be aware of deeper, higher degree (A)-(B)-(C) corrective setback within wave 4. It can actually retrace the price back to 64k - 59k support zone before we will see a bullish continuation for wave 5 of III.
ITC is currently trading at a support level. If you are considering trades, here are some levels you may want to keep in mind.
ADA - broke out of the wedge pattern, signaling a preference for opening long positions. We successfully tested a solid support zone between 0.4130 and 0.4660, which pushed us higher. The nearest resistance is between 1.1 and 1.24. In addition, underneath this resistance there is an imbalance (FVG) that acts as a price magnet. Currently, the trend is bullish,...
Daily chart Support is $3510 and if it goes breaches the Tenkan Sen, the next support is way below. Be cautious and also be on the look out
From a technical perspective, the trend is bullish on the main time frame. But at the same time, in the short term, BTC has reached an interesting resistance level on the daily chart. I think it might cause a pullback around the first or second support area. If the price cannot break through the 74179 level, consider selling in the red zone. >>GooD Luck 😊 ❤️ Like...
Hi guys You can see the popular currency chart link in the daily time frame. I have identified the important areas of supply and demand for you. Although we have crossed the range area and we have a close candle above this area, but it is placed on an important daily supply area and also the return candle has stabilized. To ensure the continuation of the...
Hi Traders! From a technical point of view, CRYPTOCAP:LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2). The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new...
Despite the fact that Bitcoin is breaking all-time highs and that some ALTcoins are already on the rise, Bitcoin dominance is actually still here and there can be space for more upside to complete a five-wave bullish impulse before Bitcoin dominance slows down and ALTcoin dominance kicks in. From Elliott wave perspective, we are tracking a bullish triangle in wave...
Hi Traders! In the long term the trend is still bearish especially on high time frames, but if we look at the intraday chart, from a technical point of view we do not exclude the formation of a bullish harmonic structure with potential Target 1 around 1.15 area and subsequently 1.40 area. Having said that, if we look at 8H chart, we see resistance area around...
Vite broke the down trend line on the 3D timeframe that was holding the price since April 2021, and is now trading above the MAS, which is bullish. The upside potential is high in this setup, but I will be even more bullish when the price manages to break out the resistance at 0.038 and use it as support.
Billion dollar market cap is programmed. Sine Lines showing possible top April 2025 matchs with length of Chainlink and Bitcoin cycle tops. Fib date July-Sept 2024 could be the start final wave up to to April 2024. Billion dollar market cap sits on the high end Fib levels so within the range of what is possible.
XRP right now is following history pretty closely. As you can see from the main chart, XRP is potentially mirroring the same fractal formed back from 2013-2017. If history repeats, there will be a massive breakout for XRP. There is quite a bit of evidence to support this. First of all, the multi-year symmetrical triangle that has formed just like in 2012. It's...