As we mentioned in previous analysis bitcoin had a fake breakout and started a new correction phase after a new all-time at 67K:
Strong supports ahead:
A. 56000$(0.38% Of Fib)----also there is local support on 60K at 1H charts----
At this 4H update, we are looking at the previous trendline that broke and it seems that it was just a fake breakout and hitting stop loss of bears that were looking for a price like 60000$ to sell.
But we should also consider that BTC is really bullish and also it can look for new ATH here if the price retest this broken trendline and start to pump hard like a...
As we can see a previous daily candle close above the red trendline and the market is pumping and soon price can touch ATH(all-time high) and only after breaking that red resistance zone more pump is ahead and this time we can look for targets like:
Notice: if and only if prie once again dump below this resistance trendline then we had a fake...
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📌 BTC/USDT DAILY CHART
📌 PRICE ACTION - E-WAVE ANALYSIS - FIBO
📍 Bitcoin has had a fake breakout at the 52k price zone which shocked so many and cheered some up.
📍 I personally, thought the price could actually touch the 53k-54k price zone and after that we would see a dump to these levels or even...
I see in the daily chart an ascending triangle that was falsely broken a few days ago.doge is being compressed in the corner of this triangle.
the specified support area is very important.
note:this analysis is for educational purposes only and should not be traded based on it.
We may have a fake breakout over here and if this daily candle closes below the red zone, then this fake breakout can be a strong reversal candle or pattern, and then we are looking for fall to targets like:
DISCLAIMER: ((trade based on your own decision ))
The Dow Jones is near its historic resistance. If today's news is in favor of the dollar, it is likely that this resistance will be broken and it will see higher goals.
Otherwise, due to the formation of a triangle pattern, the price rises to its resistance (the probability of a fake failure) and then experiences a fall.
There has been a strong support level since April 17, after the breakout that occurred on April 13.
Also in the meantime, we can see a near resistance/ support level
I confirmed these strong and near level by circling each testing that occurred on the level
Also EMA 10 & 20 period tends to become the dynamic resistance
Also have same view on 4hr...
This is a situation where I see a possible fake breakout. Price broke out of the long term blue trendline and is forming a head & shoulders . In my opinion the fundamental bias for this pair tilts to the downside. I think if we see price breaking back below the trendline there could be some violent moves down as possible buyer stop losses get...
Posted this analysis yesterday. We had the buyer induction in London session. NY session made fake out (break of high) to a Daily bearish orderblock. I will hold my shorts tonight, price will reach for the lows of monday and tuesday to hit stop losses and sell stop orders (liquidity). Already put SL on BE so now risk free.
While retail bagholders had a breather, Nikola managed to jump nicely in the few days. However, with rising inflation amid tech stock sell-offs NKLA may drop to 11$, before it resumes an uptrend.
Anything is possible. Also lots of Articles out lately warning of NKLA's SEC and DOJ investigations. Analysts have also slashed the forecast while no hedge funds are...