* After a rally of almost 44% Bitcoin now forms a Head and Shoulder pattern, which is a trend reversal pattern occurs during bull run. * It appears with three peaks in which the two outer peaks are smaller in compare to the middle one. * Bitcoin has a support of 0.382 Fibonacci level near $37500 and the 50 Moving average is acting as resistance for the price. * If...
* litecoin forms a Double bottom pattern in 1D time frame, double bottom is a trend reversal pattern occurs during bearish market. * The resistance for the price is near $148, and 50 daily moving average which was above the price since the mid-May is now below the price as support. * If the price breaks the resistance level $148 we can see a bullish move till $160.
* After a major drop from it's all time high MANA forms a Ascending triangle in Daily time frame and breaks it's major resistance $0.77. * Both the 50 and 200 daily Exponential Moving Average ( EMA ) are acting as support for the price. * Exponential Moving Average ( EMA ) is also a type of weighted moving average technical chart indicator that gives the more...
* Ravencoin forms a Symmetrical triangle in 2H time frame. * Symmetrical triangle occurs when the price consolidates within two trend-lines, where the upper trend-line works as the resistance to the price and the lower trend-line works as support. * If the price breaks either side of the pattern we can see a healthy move.
* Luna is almost 180% up from it's major support, now the Luna in 1H time frame forms a Symmetrical triangle pattern. * Symmetrical triangle is a pattern where the price is consolidated between 2 trend-line and forced to breakout either side of the triangle. * If Luna breaks either of the trend-line we can expect a healthy move.
* Currently Bitcoin is trading above $44000 and it has a resistance of 200 daily moving average. * It previously breaks it's major resistance and it is now retesting the same level. After a proper retest if it cross 200 MA we will see a huge rally in Bitcoin.
* Axie Infinity in 1H time frame forms falling wedge pattern which a is bullish pattern. * Falling wedge occurs when the price moves between two trend-lines forming lower-lows and lower-highs. In which the upper trend-line works as the resistance for the price and lower trend-line as support. * If the price breaks the upper trend-line we can see a good move till...
* USDZAR was in a bearish trend since a while, now it forms a Inverse head and shoulder pattern in 1D time frame. * Inverse hear and shoulder is similar to head and shoulder but inverted, both are the trend reversal patterns, inverse head and shoulder occurs during the bearish trend. * If the price breaks the neckline ( resistance ) of the pattern around 14.88000...
* Binance coin breaks it's resistance near $397 and the same level is now working as the support for the price, currently it is trading between it's major resistance around $433 and the support near $397. * The 50 EMA is crossing above the 100 EMA. * In order to continue the bull run BNB needs to break it's major resistance.
* RUNE is 4H time frame forms a bullish flag which is a trend continuation pattern. * It appears when the price consolidates within two parallel trend-lines before it continue it's rally. * Rune will continue it's uptrend once it breaks the upper trend-line.
* Telcoin in 1D time frame forms Ascending triangle pattern, with it's resistance near $0.02120000 and the below trend-line as it's support. * If the Telcoin breaks it's resistance we can see a bullish move till $0.02689500.
* Synthetix in Daily time frame forms Double bottom pattern, with it's resistance as neckline near $12.780. * Double bottom is a trend reversal pattern occurs during the downtrend it appears with two peaks at the bottom. * If Synthetix breaks it's neckline we can expect a bullish till $16.
* Golden cross occurs when the Short term Exponential moving average ( 50 EMA ) cross above the long term Exponential moving average ( 200 EMA ). It indicates the long term bull rally. * Exponential Moving Average ( EMA ) is also a type of weighted moving average technical chart indicator that gives the more importance to the recent price data.
* Ethereum in weekly time frame forms a Symmetrical triangle pattern, and it is trading near it's above trend-line. * We can expect the price to break the pattern with these two possible scenario :- 1. The price can immediately head out of the pattern. 2. It can drop till it's below support near $2730 and then pull back for a bullish breakout.
* Ethereum rallied for almost 85% from it's major support including with the break of it's major resistance. * Ethereum is now facing a small resistance near $3245 and the previous resistance is now working as the support for the price. * If the price breaks it's resistance of $3245, Ethereum will gain the $3530 level.
* EURJPY forms falling wedge pattern in daily time frame. * Falling wedge occurs when the price moves between two trend-lines slightly moving downwards forming lower highs and lower lows. * If the price breaks the upper trend-line we can expect a bullish move towards 132.30.
* Tron in 4H time frame forms a Symmetrical triangle pattern, where the upper trend-line is working as resistance for the price and the lower trend-line as support. * Symmetrical triangle is formed when the price consolidates between two trend-lines slightly bending towards each other and forced to breakout either of the trend-line. * If the price breaks either...
* Litecoin is up for almost 74% from it's major support, it is now facing a resistance near $182 and 0.236 Fibonacci level is working as the support for the price. * In order to continue it's bullish rally Litecoin needs to break the $182 resistance level.