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Bonk/usd appears to have formed an ascending triangle which is a bullish continuation pattern. Bucking the bearish trend that has recently plagued the crypto market, bonk can ascend to new all time highs after consolidation.

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Bullish Pennant: A pennant on the BTC/USD weekly chart suggests a potential continuation of the uptrend after a consolidation period. This could be bullish. Bearish Market Sentiment: However, the overall crypto market sentiment is bearish, which can create conflicting signals. Buying Opportunity?: Traditionally, a pennant breakout during a bearish market can be...

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Bitcoin looks ready to shock the bears into a coma. Plan accordingly.

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Bitcoin looks ready to shock the bears into a coma. Plan accordingly.

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Technical Analysis of Bonk/USD: Potential Bullish Breakout on Multiple Timeframes This analysis examines the Bonk/USD price across different timeframes, suggesting a potential bullish breakout. Here's a breakdown of the observed patterns: 4-Hour Chart: Falling Wedge Bull Flag A falling wedge pattern is identified on the 4-hour chart. This pattern is generally...

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Market Dominance: BTC's Market Cap: Bitcoin has the largest market capitalization (total value of all outstanding coins) compared to other cryptocurrencies. This significant size means its price movements have a ripple effect. Investor Confidence: Bitcoin is often seen as the most established and trusted cryptocurrency. When its price goes down, it can trigger a...

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On the one hand we have what appears to be a double top which can also be interpreted as a large bull flag. A break and close under the neckline can push Eth to $1800 usd. A break above top of flag can also push Eth to $6500 usd. Plan accordingly and don’t get caught off guard.

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How Memes and Hype Signal a Risky Market The meteoric rise of Bitcoin and other cryptocurrencies has captured the imagination of investors and the public alike. But amidst the excitement, a crucial question lingers: how do we identify when the market might be overheating? Traditionally, analysts have relied on technical indicators and economic data. However, the...

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This is what I see. I am long Solana and will hold until etf is approved. Happy trading.

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The SOL/USD 1-day chart presents a complex technical picture, with both bullish and bearish signals vying for dominance. Let's delve deeper into the observed patterns: Possible Bullish Pennant Transformation: The analysis suggests the chart might be exhibiting a tight bullish pennant pattern. This pattern typically forms after a strong uptrend and indicates a...

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Here's how you can analyze the daily chart of BTC/USD to identify a potential wave 5 uptrend using Elliott Wave Theory: Confirmation of Uptrend: Analyze the higher timeframe charts (weekly or monthly) to confirm a dominant uptrend. Completion of Wave 4: Identify the end of the corrective wave 4. It should ideally be shallower than wave 2 and shouldn't breach the...

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Capturing the Full Price Range: Trendlines connect a series of highs or lows, but wicks represent the extremes of price movement within a timeframe. Including wicks can provide a more comprehensive picture of the overall trend by encompassing the entire price range (including temporary spikes or dips). Increased Accuracy: By using both the body and the wick, you...

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If you're seeing a double bottom pattern forming on the daily chart of FET/USD, it could be a sign of a potential trend reversal. Here's what a double bottom typically indicates: Price Decline: The price falls to a support level (bottom 1), then rallies but fails to break significantly above a resistance level. Retest and Support: The price declines again (bottom...

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The HIMS stock chart displays a pattern resembling a cup and handle. If confirmed, technical analysis suggests a possible price target exceeding $24. While the cup and handle pattern suggests a potential price increase, it's important to consider other factors that can influence the stock price, such as the company's fundamentals, industry trends, and overall...

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"Technical analysis suggests Nvidia may be forming a bull pennant pattern, potentially indicating future price movement within the range of $620-$1100."

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The DOGE/USD chart displays a pattern resembling a double bottom with characteristics of Wyckoff accumulation, suggesting a potential price target exceeding $0.26 based on technical analysis. Additionally, some speculate that continued tweets or endorsements from Elon Musk could further influence the price.

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The recent delay in approving a spot Ethereum ETF by the SEC has dampened some of the bullish sentiment surrounding ETH. This news contributed to the correction from higher levels, alongside a broader crypto market pullback. Falling Channel/Wedge and the $4400 Target: The current chart pattern for ETH/USD does resemble a falling channel or wedge. This pattern...

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Technical analysis is a cornerstone for navigating the dynamic world of financial markets. A crucial element of this analysis is interpreting price movements depicted on charts. However, the way these movements are displayed can significantly impact your understanding. This article delves into the two primary price scaling methods employed in financial charts:...