💎After breaking below the ascending channel, the downtrend in #ALGO has been consistently strong. But today, on the 4H chart, we are witnessing a Hummer Candlestick Pattern, a potential sign of a reversal. 💎 Additionally, there's a clean bounce off the 461.8% Fibonacci support, which could indicate a potential bullish reversal. We need to confirm this on the...
💎Earlier this year, #ZRXUSDT broke above the Falling Wedge pattern, signaling a potential uptrend. The subsequent formation of higher highs and higher lows further reinforces bullish outlook. 💎In recent weeks, #0X has been consolidating just above the 88.6% Fibonacci support, aligning with a significant supply/demand zone established over the past year. As long...
💎 #ENSUSDT could be on the verge of completing an ABC pattern, according to the Elliott wave theory. After a strong bounce off the 88.6% Fibonacci support, we witnessed a breakout of the downtrend trendline, fueled by heavy buying pressure. 🚀 💎 Furthermore, the price is contained within a tight ascending channel, suggesting a potential rapid rise towards the...
💎Looking at the past 3 months' price action, we can observe a significant support area near $105, tested twice. Notably, the price also rejected the 200 Simple Moving Average during the second bounce, indicating strength. 💎After the bounce, a corrective phase followed, and the price found a clean bounce off the 88.6% Fibonacci support level, which is now a...
💎#HFTUSDT has demonstrated strong support at a key level over the past week, with multiple bounces confirming its significance. Today, we witness the fourth test of this demand zone, presenting an attractive opportunity for short-term buyers. 💎Adding to the bullish case, the Stochastic oscillator has just experienced a crossover in the oversold zone, signaling a...
💎The VIDUSDT 3-day chart is showing a promising bullish divergence formation on the MACD indicator. While the price currently sits below a minor downtrend trendline, a decisive daily break and close above this level could set the stage for a potential upward move. 📊🚀 💎In the event of an upside breakout, we anticipate a rapid price increase for #VIDUSDT, with a...
The recent price action of #MASKUSDT has sparked excitement among traders as it found strong support at the 361.8% Fibonacci level, marking a significant turning point in the market. Bulls took charge as the cryptocurrency broke free from a downtrend trendline, signaling a potential shift in the overall trend and offering promising opportunities for...
💎Over the past three months, #RIFUSDT has been consolidating within a wedge pattern, indicating a period of indecision in the market. To confirm the direction of the trend, price needs to break out above or below the boundaries of the wedge. 💎Recent price action in #RIFUSDT has shown a bounce off the uptrend trendline and a rejection of the 200 Exponential Moving...
💎#ROSUSDT has been consolidating within a triangle pattern for the past week, but a recent upside breakout on the hourly chart has sparked bullish momentum. Prior to the breakout, #ROSE found strong support at two key levels, the 78.6% Fibonacci retracement, suggesting a potential pullback to the upside. 💎Considering these factors, the probability now favors a...
💎Based on our analysis of #HOTUSDT, we have observed a strong bounce off the 227.2% Fibonacci retracement level, which has been tested and respected twice. This indicates a positive short-term outlook for #HOT, with the price likely to approach key resistance levels. 💎The first notable resistance is found at the previous supply/demand zone around $0.0018, while...
💎#CTK is currently revisiting the critical demand zone, which has been tested multiple times since May 2022. The ongoing consolidation within the triangle pattern indicates the potential for a bounce off the uptrend trendline. The robustness of the current support level suggests a bullish outlook, with a potential target of the upper boundary of the triangle...
💎#XLMUSDT successfully shattered the key resistance, signaling a significant shift in market dynamics. The subsequent breakout from the ascending channel propelled the price higher. A subsequent pullback found support precisely at the crucial 61.8% Fibonacci retracement level, underscoring its significance. 💎Notably, the emergence of a bullish divergence on the...
💎#GMXUSDT has shown promising signs of a potential bullish reversal. After breaking the downtrend trendline, the price found support at the previous supply area, which has now transformed into a demand zone. Additionally, the 200 Moving Average and 50% Fibonacci retracement level are acting as strong support. The MACD has also signaled a bullish divergence,...
#Bitcoin's encounter with the 200 Simple Moving Average today adds excitement to the upcoming weekly close. A confirmed clean bounce could fuel a potential rally for #BTCUSDT. As sentiment turns bearish, the classic whale play might involve a swift price surge, catching many off guard. And after the potential rally, don't be surprised if the anticipated...
QTUMUSDT has recently shown a promising bullish divergence on the MACD, and after testing the bottom of the descending channel, it has broken above the downtrend trendline. This is a strong indication of short-term bullish momentum, and we could see a potential 9% price increase from the most recent support. However, we must remain cautious as the recent low...
ICPUSDT is showing strong signs of bullish momentum with a nice rejection of the uptrend trendline followed by a 35% rally. After a minor pullback, price found support at the 23.6% Fibonacci level, accompanied by a bullish divergence on the RSI. Currently, price is bouncing off the minor uptrend trendline, and if a new lower low is not formed, the price of ...
On April 30th, #SOLUSDT bounced off the 61.8% Fibonacci resistance, resulting in a drop of over 16%. However, today we are witnessing a clean bounce off the 161.8% Fibonacci support level, indicating that SOL may be primed for a relatively strong move to the upside. To confirm a mid-term trend of SOL, we need to see a decisive break either to the upside or the...
🐂 #COMPUSDT bulls fiercely defending the $38 area, where the 78.6% Fibonacci support was twice rejected. The recent price action reveals a clean rebound off the uptrend trendline and the critical VolumeProfile demand zone. If this massive support continues to hold and #COMPUSDT can produce a new higher high, it is highly likely that we will see a continuation of...