Bitcoin has been trading sideways within a broad range for an extended period, frustrating traders who have been eagerly anticipating a breakout. The current price action suggests that a significant move, either upwards or downwards, is imminent. In this analysis, we will explore two potential bearish scenarios and one bullish breakout scenario, along with key...
NEAR Protocol is currently trading within an ascending channel, with clear reactions to the channel's support, resistance, and midline. Based on current market conditions, our first expectation is for NEAR to break above the $6.037 resistance level and continue its upward trajectory, supported by the $5 level. This could lead to price targets of $7.4, $8.9, and...
ARB has broken through the 1.16 level and is expected to find support in this area. After receiving support at this level, we can anticipate a move towards higher numbers with a potential breakout of the higher resistance at 1.236 (a breakout would be confirmed by a 4-hour candle closing above this price). The first target for this move would be 1.395, followed by...
The ATOM bullish trendline is about to break. Short trade possibility: Entry point: After breaking the bullish trendline and the $10.72 range Profit targets: $10.25 $9.68 $8.98 Long trade possibility: Entry point: Above the $11.40 range Profit targets: $12.58 $14.14 Important notes: This analysis is for informational purposes only and should not be considered...
After a pullback to the descending trendline of the symmetrical triangle, we can either: 1. Expect a continuation of the uptrend: Open a long position after breaking the $73,200 resistance level. Target the $80,000 level. 2. Consider the possibility of a false breakout: The bulls might be accumulating liquidity before a move down. Enter a short position in the...
Bitcoin has been consolidating within a symmetrical triangle pattern for the past 24 days. A breakout above the triangle's upper trendline would signal a continuation of the previous uptrend. This bullish scenario could propel prices the opening up the path towards the $80,000 target. Conversely, a breakdown below the triangle's lower trendline would indicate...
After touching the $7.15 area three times, we can consider this area weak. If the price breaks and the candle closes below this range, we can expect the following targets: 6.88 6.68 6.45 And exit the trade in the range of 6.17 - 6.10. Things to keep in mind: This is only a technical analysis and there is no guarantee that targets will be achieved. Always do your...
ADA ( CARDANO) Potential for a 20% Drop ! We are observing a head and shoulders pattern on the 4-hour and daily timeframes. This pattern could activate if the 0.59 to 0.56 cent support zone is breached. In this scenario, we could see a 18 to 25% drop in price. Key Factors to Consider: Confirmation of Pattern: The pattern should be confirmed with a break below...
Diamond Pattern Analysis After breaking the upward trendline, a downward movement can be expected. The first target is $44 and the second target is $35. If the downward trendline breaks, an upward movement towards higher numbers can be expected. The first target is $69 and the second target is $81. It is crucial to set a stop-loss because this pattern doesn't...
After breaking the range of 2.95, we can expect to continue until the next range, which is 2.63
Though it may seem like a fantasy, I believe Bitcoin could potentially surge towards its weekly trendline, setting the stage for a monumental bull run. Envisioning this scenario, we could witness a period of consolidation within this zone, preparing for a corrective phase that will likely commence post-Bitcoin halving. Historical instances of 50% retracements...
We are in a good position to potentially break out of the range after 497 days, as indicated by the formation of a flag pattern. This pattern suggests a bullish continuation, and if the breakout occurs, it could provide a significant target.
After 690 days, we are approaching the end of the triangle. We can expect trend line test, followed by a reversal and a break of the $3.8 resistance zone. This could lead to our first target of $5, and then $8 is not out of the question. Please note that this is just my analysis, and you should always do your own research before entering a trade. The profit and...
Celo has been consolidating within a 100% range for nearly 450 days. A breakdown below the critical $0.65 support level and trendline could lead to a drop towards the lower $0.40 range. A breakout above the key $0.85 resistance level could signal a reversal and lead to a rally towards the upper $1.197 range, with potential for further gains to $2.3. Always conduct...
After breaking the weekly trendline and resistance area of 0.9500, we expect a move towards higher numbers. We can also have a pullback to confirm the trendline, in which case we can expect a 200% move on the weekly timeframe. This is my analysis, your profit and loss is your own responsibility. GoodLuck
After a long period of time in which the Enj coin was below a weekly trend line, it can be expected that after breaking the 0.3200-0.3400 range and a pullback to the 0.3400 area, we can expect to move up to the next resistance level of 0.5100-0.5700. Therefore, we have a trading node at the 0.3855 area that can create short-lived resistance. If you enter this...