In the dynamic world of cryptocurrencies, every project charts its unique course. However, sometimes, two projects exhibit strikingly similar patterns. Such is the case with OP and TON, where their charts mirror each other within a large ascending triangle. Yet, beneath this surface similarity, the level of volatility introduces a fascinating twist. Chart...
In the past 24 hours, the market has demonstrated a combination of upward and downward fluctuations. Notably, Bitcoin has been experiencing a short-term downward trend, briefly dropping below the $26,000 threshold and finding support near $25,800. This price movement has elicited a notable positive response within the market. The support range of Bitcoin's...
On the chart, we can see a hidden bullish divergence. This means that the price will probably increase in the next coming period. Also, the gap needs to be filled and the earning announcement looks positive, these suggestions are in line with the hidden bullish divergence. So an entry can be taken when the price breaks to the upside. Take your profits at the...
The trend retest in 1.06128 at 0.236 Fibonacci Retracement level. A possible downtrend to 1.04824 at 0 Fibonacci Retracement Level. The Federal Reserve still considering to increase the interest rates due to a still high US inflation rate. The Fed has implemented a series of interest rate hikes in an effort to tame inflation that had been at its highest level...
A possible continuation of the uptrend. Flag Pattern. The trend start a flag pattern and push the trend to 136.511 at 0 Fibonacci retracement level. possible continuation of uptrend to 137.700.
XAUUSD is pushing down, could possibly touch the 1786.92 at at 0.5 Fibonacci Retracement level.
A possible down trend to 0.67730 at 0.382 Fibonacci Retracement level.
You can see that after the the price almost touch the 1893.35 at 0.5 Fibonacci Retracement level, the price keep pushing down passing the 1858.32 at 0.236 Fibonacci Retracement level. The down trend could touch the 1827.02 at 0 Fibonacci Retracement level, which is also a Fibonacci Retracement level at 0.382 starting from 1957.20 at 0 Fibonacci Retracement level
Like my previous published, the resistant level price point at 1957.20 at 0 Fibonacci Retracement level take a bearish trend pass the price 1876.83 at 0.236 Fibonacci Retracement level and now retest again in this level with EMA 200 Indicator, expect a possible bearish trend.
QNT is currently forming an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that it´s moves increase with higher magnitudes. This pattern should be traded when the price breaks out...
On the chart of Ripple (XRP) we can see the price is approaching a overbought condition on 4h timeframe. This would mean when the overbought condition is confirmed the price will retrace. The three indicator used are the Bollinger Bands, Relative Strenght Index and the Stochastics. At the moment the RSI needs to increase a little bit more. For now the price...
On the BTC-USD chart (1h timeframe), the price is currently overbought. In this analysis, all three indicators are suggesting an overbought condition. The indicators used are the Bollinger Bands, RSI and Stochastics. This could mean that the price will drop when there is a confirmation of the price going down. When this happens a short position can be taken and...
On the Dash chart, a descending broadening wedge has appeared (1h-timeframe). A descending broadening wedge is a bullish reversal pattern. The trade can be entered once the price breaks out of the pattern to the upside. The target is the height of point B. At the moment the price is overbought when looking at the RSI. In our opinion, the price is going to drop...
On the chart we can see a ascending triangle appearing. An ascending triangle is a bullish pattern. Enter the trade once the price breaks out to the upside. Beside the pattern we can see that the RSI is picking up more and more momentum. So the pattern combined with the increasing momentum it´s likely that the price will go up. All the details are shown on the...
Since its inception, Trust Wallet Token (TWT) entered into a long period of consolidation, developing a symmetrical triangle formation. The multi-year symmetrical triangle pattern now calls for a retest of the upper resistance level around the $1.4 level. Symmetrical Triangle Pattern This multi-year pattern has the potential to continue driving the price action...
The grey trend line seems to well describe last years trend. It is easier to see that on weekly time frame. We could say it works as a support level because every time the price bounces back to a higher level so we can expect this time to happen the same. At this moment the price is testing lower Keltner Channels band and trying to get above it. RSI is close to...
Keltner Channel is looking upward which is typically a good set up for long position. RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone. MACD seems to be losing strength but always above the signal line. Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the...
KUCOIN:BTCUSDT Key points here to look for: To enter the trade and use this formula I needed the first candle to close BELOW the 50 day #EMA Moving average as well as have a closing of BELOW 50 in the RSI. This took place on November 16th. I would enter most likely on the next day closing as long as it is still below 50 on the RSI. On the...