Bitcoin is in a descending triangle that is above a support level.
In general, the descending triangle indicates a future decrease. In this case we cannot rely on this pattern because if the market breaks it, it can change its trend due to the support level.
- If the market breaks the support level, then we sell.
- If the market breaks the descending triangle...
GBP broke the ascending trend line and began to decline. The market tried to retest the trend line but failed due to the level of resistance. We believe the decline will continue.
Our target is: 1.36837
ETH began to grow. As you can see, the market reached the bottom of the regression trend and the support level. From there, it began to grow. Our target is the top of the regression trend. One of the obstacles is just the level of resistance which does not seem very solid.
Good luck! :)
Cardano will continue to grow.
1 The market follows the ascending trendline.
2 Ada has formed a W pattern that generally indicates the future growth of the market.
3 Below Cardano is a support level.
Our target is 2.462575
BNB will start to grow. The market stopped falling at the support level. The support level seems pretty solid. For this reason, we believe it will grow. Also, the bear market period is coming to an end these days.
Dogecoin will continue to grow.
1 The market is following an ascending trend line. We think it will go down until it reaches the trend line. From there, it will continue to grow.
2 Dogecoin is very close to the resistance level that we believe will break.
3 This cryptocurrency is supported by Elon Musk.
Bitcoin will continue to grow.
- The market is at the bottom of the channel.
- Below BTC is a support level.
We believe that Bitcoin will grow until it breaks the resistance level, then will go to the top of the channel.
Ethereum will continue to grow to the top of the channel. The market has reached the trend line three times and is above a support level that seems solid.
We cannot give an exact target to this analysis. We believe that it will exceed 2540 dollars.
Xauusd will continue to grow or start to fall.
The market has reached the bottom of the channel and the support level. From there it started to grow a lot. We believe that it will continue to grow, but we cannot guarantee it because it is very close to a level of resistance that seems solid.
Tp1:1755.172 (The resistance level.)
Tp2: 1794.145 (It is the...
Cardano will grow.
- The market is at the bottom of the channel. We think that it will reach the trend line and then, it will start to grow.
- Cardano is between a support level and a resistance level. The market reached the support level multiple times and it seems that it will continue to grow.
Our target is at the resistance level: 1.44951
Mana will continue to grow.
Even if the market broke the triangle pattern, it still has to break the support level. If it breaks it, there is still the trend line that seems quite immune. In any case, Decentraland will grow sooner or later.
Our target is 1.16497
EURUSD will rise according to our analysis.
- The market is starting to break the triangle.
- The euro seems to be above a support level.
Our target is the resistance level (1.19515).
Ripple will continue to grow.
1 The market reached the trend line for the third time.
2 The cryptocurrency is undervalued.
3 The MACD is above the histogram and is also above the signal line (orange color).
That is why our target is at the price of 0.6.
Analysis with two scenarios:
Scenario 1: The dollar will drop to the support level then it will start to rise and exit the channel.
Scenario 2: The market will break the support level and will continue to decline until it reaches the bottom of the channel.