The market recently brokeout below the horizontal support of the descending triangle and is currently retracing. Possible sell re-entry at confirmed bounce off downtrend resistance + flip support + fib retracement levels ↘️
Bitcoin recently brokeout of the pennant chart pattern as expected. It looks like the market is printing an ascending channel and price bounced off the channel resistance. Price is currently experiencing retracement to the horizontal flip support + channel support + fib retracement levels. Bounce off the channel support would be a good bullish signal↗️.
The market has been printing a descending channel since mid May. Price action is approaching the channel resistance. We could see a breakout above the channel resistance as bullish ↗️. While a bounce off the major channel resistance and breakout below the current minor uptrend support as bearish ↘️
The market has been on a mid-term uptrend since March 2020. The price action tested the ATH(all-time high) is approaching the trendline support + horizontal support. We could see a bounce off the support bullish ↗️. And a breakout below the support as bearish ↘️.
Price is currently testing the flip support + 0.5 fibonacci retracement level + uptrend support. We could see a bounce off the support as bullish↗️ or a breakout below the support as bearish↘️.
Price tested the flip resistance. The market is currently printing a descending triangle consolidation pattern. Possible price action patterns indicated.
The market has been on a mid-term uptrend since March and is currently experiencing a pullback to the trendline support. The price is testing the flip support + 0.618 fibonacci retracement level + trendline support. A bounce off the trendline support + Breakout above the pullback channel resistance will be a good bullish↗️ . A breakout below the trendline support...
The market has been on a short term downtrend and the price is approaching the swing low. We could see a breakout below the support or a bounce off the support
After a mid-term uptrend since March 2020, the market is consolidating in a pennant chart pattern. Breakout is imminent. A breakout above the pennant resistance could lead to the retest of the ATH( all-time high) and possibly hitting an NH (new high) 📈. A break below the pennant support could lead to a retest of the next support level 📉.
The market is printing a head and shoulder trend reversal pattern. A breakout below the neck line support will be bearish signal possibly pushing price down to next support line.
Price action brokeout of a sideways rectangular pattern and is retesting the flip resistance. A reversal double top pattern was printed. Potential SELL price pattern
Price is currently testing a long term downtrend resistance. The price action brokeout below the pullback trendline support and it's currently consolidating( ranging) in a rectangular pattern. A break below the range support could lead to further dip.
Price is testing the flip horizontal support + 0.618 fibonacci retracement level + uptrend support line. Price action also brokeout from the pullback resistance. A breakout above the previous swing high could lead to pump. Also, if upcoming fundamentals favour the greenback, we could see more upside.
The price action is currently consolidating in a pennant chart pattern after testing the flip support. Breakout is imminent. Possible price pathways indicated.
Price tested flip horizontal resistance + 0.5 fibonacci retracement level + downtrend resistance. The market is printing the head and shoulder trend reversal pattern. RSI is also printing a Bearish divergence signal. A breakout below the neckline of the H&S pattern could lead to further dip.
The market is testing the flip resistance of the descending triangle + 0.5 fibonacci retracement level. The head and shoulder trend reversal pattern is being formed. Breakout below the neck line could bring about a dip.
Price brokeout of the horizontal support of the descending channel and it's currently retesting the flip resistance + 0.5 fibonacci retracement level. The market is also testing a predicted downtrend channel resistance. RSI is also printing a Bearish divergence signal. A break below the current pullback swing low could lead a further dip.
Price tested the flip resistance of the descending triangle + 0.5 fibonacci retracement level. The market is currently printing the Head and shoulder trend reversal pattern. Breakout below the neck line could bring about a dip