Possible scenario is shown on the chart, UNLESS there's another Elon/China/Tether... etc fud incoming to the market.
I have personally bought some & staking on Trust Wallet right now until it reaches the target.
Cake has been forming a falling wedge since its last all time high versus bitcoin. Although I expect an earlier breakout, I showed the most conservative target on the chart, took the initial point of the breakout from the lowest point of the wedge. Having an RSI divergence strengthens the bullish chart.
Cake looks strong, both fundamentally and technically....
As we brokeout the red resistance we have jumped back into rising wedge, and formed a bullish pennant. BUT the key factor is that we haven't re-tested the red trendline yet. So if you are longing, put your stop according to that trend line. Fib levels shown are possible s/r levels. I am more bullish than bearish atm.
Have a nice day and stay safe.
GO trying to break falling wedge, and it could have done if there wasn’t a market crash based on BTC. I expect a bump from here if daily/weekly candle closes above the support where vpvr and fib 0,236 levels overlap each other. In this scenario I do not expect a serious resistance until that yellow trendline coming from May 2019.
BTCUSD has a gap around 52-54k and forming a reverse h&s since ATH. It is likely to form the reverse h&s and fill the gap between 52-54k by this way, then return back to its rally to new ATH.
This is not an investment advice. DO your own research and take your own risk.
SC currently holds Fib 1 support and trend support marked with red trendline. A bounce from 38-39sats is expected due to incoming announcements from dev team. It is likely to rush back to 50sats which is around 30% profit from this point.
-Golden cross incoming
-Currently at VPVR resistance, might go sideways around 95-100 which will take RSI out of overbought level.
-High possibility of cup&handle formation
-Targets are marked as red rays.
-VET just had Golden Cross on 8th of March, finding its way up inside pitchfork boundaries.
-There has been large accumulation between Oct'20 and Feb'21.
-It will eventually reach targets, marked with red rays on the chart, but not as a linear, more likely higher-highs and higher-lows.
-VET having a great project with strong team and community behind is more...