ANALYSIS 🔎 - This analysis is a price action prediction on 1INCHUSDT. - This analysis comprises of two setups. FIRST SETUP (RETRACEMENT) - The retracement - 1INCHUSDT hit an ATH and is on verge of a short term retracement. - The market is consolidating in a rectangular pattern. - This rectangular consolidation pattern is known as the distribution phase...
ANALYSIS 🔎 - POWRETH is bounded in the major falling wedge pattern. - The downtrend swing was bounded in the minor falling wedge pattern. - Price bounced off the major falling support and brokeout above minor falling wedge resistance. - Possible retest of the major falling wedge resistance. BUY ENTRY ⬆️ - Market price. TARGETS 🎯 - Horizontal resistance level...
ANALYSIS 🔎 - REEFUSD hit a swing high and retraced. - Price retested the flip horizontal support, 0.618 fibonacci retracement level and ascending channel support. - The retracement is bounded in a bullish flag pattern. - Breakout above the bullish flag could be an uptrend continuation signal. BUY ENTRY ⬆️ - Aggressive entry (risky) : market price (now). -...
ANALYSIS 🔎 - ALGOUSDT is consolidating in a pennant chart pattern. - A pennant chart pattern is a trend continuation pattern, a bullish one in this case. - There's a breakout potential. BUY ENTRY ⬆️ - Aggressive entry (risky) : market price (now). - Conservative entry : breakout above the pennant pattern's inclined resistance. TARGETS 🎯 - Horizontal resistance...
ANALYSIS 🔎 - RCNBTC printed a falling wedge pattern. - A falling wedge pattern is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance. - Price action is printing a triangular consolidation pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the triangular pattern's inclined resistance. TARGETS 🎯 - Horizontal...
ANALYSIS 🔎 - ENJUSDT brokeout above the symmetrical triangle's inclined resistance. - Price action is printing an ascending triangle pattern. - An ascending triangle pattern is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Aggressive entry (risky) : market price (now). - Conservative entry : breakout above the ascending triangle's...
ANALYSIS 🔎 - LTCUSDT brokeout above the symmetrical triangle's inclined resistance as expected from my previous analysis. - The market is currently undergoing retracement. - Price is retesting the symmetrical triangle's inclined resistance, fibonacci retracement levels, flip horizontal support and projected ascending channel support. Omo confluence choke 😂. - A...
ANALYSIS 🔎 - AVAXUSDT brokeout above the bullish flag resistance and had a retest. - Possible uptrend continuation. BUY ENTRY ⬆️ - Breakout above the first horizontal resistance level. TARGETS 🎯 - Second horizontal resistance level. - Third horizontal resistance level. SETUP INVALIDATION ❌ - Breakdown below the horizontal support level.
ANALYSIS 🔎 - UMAUSDT is printing a falling wedge pattern. - This is reversal pattern. - A bullish pattern to be precise. - Price action is printing the double bottom pattern. - This is also a bullish reversal pattern. - RSI is printing a bullish divergence signal. - Price is testing the falling wedge's resistance and double bottom neckline resistance. -...
ANALYSIS 🔎 - GRTUSDT is consolidating in a symmetrical triangle pattern . - A relatively big move is imminent. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance and previous swing high resistance (R1). - Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support and previous swing low support (S1)....
ANALYSIS 🔎 - OGNUSDT printed a falling wedge pattern. - A falling wedge pattern is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance. - The market has been consolidating in a rectangular pattern since the breakout. - This rectangular consolidation pattern is known as the accumulation phase (0 - 0.786 fibonacci retracement level). -...
ANALYSIS 🔎 - LUNAUSDT got rejected off the ascending channel resistance. - The market then retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level. - The retracement was resisted by the descending trendline resistance. - Price brokeout above the descending trendline resistance. - There's an uptrend continuation...
ANALYSIS 🔎 - ZECUSDT hit swing high. - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a pennant chart pattern. - A pennant chart pattern is a trend continuation pattern. In this case, a bullish continuation pattern....
ANALYSIS 🔎 - LTCUSDT is consolidating in a symmetrical triangle pattern . - A relatively big move is imminent. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance. - Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support. TARGETS 🎯 - Uptrend ⬆️: Horizontal resistance levels (R1, R2), fibonacci...
ANALYSIS 🔎 - ENJUSDT got rejected off the ascending channel resistance. - The market then retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level. - The retracement is resisted by the descending trendline resistance. - There's an uptrend continuation possibility. BUY ENTRY ⬆️ - Breakout above the descending trendline...
ANALYSIS 🔎 - ALGOUSDT is consolidating in a symmetrical triangle pattern . - A relatively big move is imminent. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance. - Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support. TARGETS 🎯 - Uptrend ⬆️: Horizontal resistance levels (R1, R2, R3). -...
ANALYSIS 🔎 - JKS is consolidating in a major symmetrical triangle pattern. - Price is retesting the major symmetrical triangle's inclined support. - Price action is printing a minor ascending triangle pattern at the retest area. - An ascending triangle pattern is a bullish build up pattern. - There's a breakout potential (bounce off the major symmetrical...
ANALYSIS 🔎 - TRBUSDT is consolidating in a symmetrical triangle pattern . - A relatively big move is imminent. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance. - Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support. TARGETS 🎯 - Uptrend ⬆️: Horizontal resistance levels (R1, R2, R3, R4). -...