The price has risen to the upper boundary of the ascending channel and the daily 50 EMA, driven by news and US government debt. The price may correct towards the lower boundary of the channel before rising again towards the resistance of the weekly 100 EMA. A breakout below the lower boundary of the channel will bring the price down to the support level near the POC zone.
The price has risen to a key resistance level formed by the descending trendline and the daily 50 MAs. A breakout above this resistance level would potentially push the price towards the emerging daily 100 MAs. However, it is also important to consider the bearish scenario, which could bring the price down to the support zone around $0.26.
The price has made an attempt to break above the 200 EMA on the hourly timeframe. A breakout above the 200 EMA would potentially drive the price towards the key resistance level at POC. Additionally, a breakout above the POC would serve as a signal for the beginning of an ascending trend. However, it is important to consider the bearish scenario as well.
The price has formed an ascending channel. A breakout above the POC resistance could push the price towards the upper boundary of the channel. On the other hand, a breakout below the lower boundary of the channel could bring the price down to the support zone around $26,350.
The price has broken the weekly 50 SMA and attempted to break the weekly 100 EMA and the descending trendline, which is a key resistance level. The price will retest the 50 SMA, followed by a potential new attempt to break the 100 EMA. There is a possibility of forming a bullish pattern, known as a cup and handle.
The price has formed a descending channel. The upper boundary of the channel and the weekly 50 MAs are the nearest resistance levels. The lower boundary of the channel and the weekly 100 MAs serve as strong support levels. A breakout above the upper channel boundary and the 50 EMA would potentially push the price towards the Point of Control (POC) level
The price is moving within the boundaries of a descending channel. The lower boundary of the channel aligns with the weekly 50 EMA, which is a very strong support level. The price is in oversold territory, indicating a high probability of a upward bounce and a retest of the weekly 100 EMA.
The price continues its uptrend after forming the cup and handle pattern. Each new peak forms a bearish RSI divergence. The price is currently in a key resistance zone. Additionally, a wedge pattern has formed. The weekly 50 EMA will be the first significant support level in case of a correction. A break below the lower boundary of the wedge will signal a trend reversal.
The price has dropped to a significant support level and formed multiple bullish divergences, indicating a potential buying opportunity. There is a possibility of a price rebound towards the Point of Control (POC) level and the formation of a handle in the cup and handle pattern.
The price has broken below the lower boundary of the triangle and has fallen to the middle line of the forming descending channel. A possible scenario for price movement is a retest of the lower boundary of the triangle followed by a decline towards the lower boundary of the channel.
The price has broken above the upper boundary of the triangle and is heading towards the weekly 50 MAs and 100 SMA. The heat map of my oscillator has turned red, indicating an overbought zone signal. A retest of the support level or a correction may be possible in the near future.
The price has successfully broken above the weekly 50 EMA and is currently retesting this moving average. The nearest resistance levels are the daily 50 EMA and 50 SMA. It is possible that a descending channel is forming, and the price may attempt to rise towards the upper boundary of the channel.