$BTC Just a thought. The initial setup looks like May-to-Oct '19 period. But this will be invalidated if we go below $28k. On Oct-2 '19, after this sort of H&S formation, #BTC retested the broken support. Our case $46k.
An important trendline (green). Since Jan. the price has never closed any 1D candle below it. If it doesn't hold, short-term targets are the white lines, but most important one will be $2k. The price can still recover from here, but waiting for more confirmations.
$ETH Short-term targets, if the descending trendline will break. Yesterday, #ETH price has broken a descending wedge pattern. Now, on lower TF we can see a bull flag being formed exactly below the trendline. Need more volume for the breakout.
$MATIC Ascending channel still holding. Yesterday, the 1D candle didn't close under the lower side of the channel. If the trendline holds, we should see a retest of $1.6 level. The 50 SMA acted as support many times in the past and sent the price far.
$BTC Tripple bottom formation. A trendline that needs to be broken. For a bull case, we need to stay above $38k. Hoping that on lower TF will print a bull flag which might send us there. This V bottom is most of the time bullish, but waiting for more confirmations.
$KSM The market of #KSM holds pretty strong considering others. If we consider $BTC market as being in a small correction phase (low TF) we can think that $KSM might respect the bull flag pattern & head to $493. 2nd T - $617. Increasing volume.
$BTC My first analysis was that this triangle formation is just another continuation pattern. As we have the impulse a downside move that started at around $60k. Plus of course, the breakout downward w/ a few confirmations. Short-term targets hit. Waiting now.
$SOL One of the few markets that recovered that well. Price has broken the $40 resistance, an important level. Considering the price is drawing a rising wedge & indicators topped we might retest this support. As well we see some increasing volume in past few days. #Solana
$BTC Bears are now in favor, as price brokeout below the triangle. We have some confirmations, but sometimes out of nowhere a pump might happen. I'm still waiting for more confirmations to show up. Below 7D MA. A descending wedge is being drawn rn.
$ETH Update The bearish trendline was broken, with confirmation. But, if we want to reach $3200 again, we need to exit the triangle. We can say that since #ETH didn't print a rising wedge after the drop, we could expect an optimistic outcome.
$ADA #Cardano Now retesting the local support. A few days ago started to draw a bull flag, with 1st target at previous high, and 2nd one at green dotted line. Important day for the price, as it needs to stay above broken bull flag, & local support.
#1inch Price to retest important trendline. Broken on 21-May, the trendline which acted like support is now flipped into resistance. If it gets rejected we might see the price retesting the short-term support (white dotted line). Eyes on $ETH & $BTC evolutions as well.
$ADA Update #Cardano price is recovering but with low volume. This might take it to retest the red dotted line. Another potential target is the above-dotted line, which is a key resistance - first broken support since the fall. Blue rectangle leads to an optimistic outcome.
$BAKE / $BNB - Optimistic market? Since the 'crush', #BakerySwap token maintained a strong market. Formed a channel/range & tried a few times to breakout. Chart is still looking bullish if it holds above the white dotted line.
$MATIC Update Bounced yesterday on the lower side of the ascending channel and recovered fast to reach out to the median and the 7D MA. Still a hyped project that continuously delivers. On a lower TF it's testing the local resistance $1.49 (median also).
$BTC Should this combination of candlesticks 'Hanging Man' & 'Cross Doji' on 1M tell us something? I wouldn't say. Both indicating a potential trend reversal. On the optimistic side & a shorter TF we have a double bottom, which might send it to retest the 40k level.
$RARI Update This market was quite stable as well as a few were. But after hitting a double top, the price couldn't be held by $21 - now flipped into resistance. If the price exists purple range, we might see #Rarible at $8.