as you can see there are 2 similar movement in the chart.
some consolidation is expected here and after that a breakout and reaching around 52k.
breakout of 39k_40k level of support can lead to more drop to around 30k.
the bullish trend line has been broken out to the down side , and we have some candles below it.
in low time frame as you can see in below there is consolidation pattern that is a sign of another drop.
further drop is expected when the pattern is broken out to the downside.
the intersection of channel's lower band and 5$-6$ range of support has formed a very strong support zone.
if the price reaches that support zone we can expect a good gain.
since i see another drop for bitcoin and the whole market we can set buy order in that support area.
the downtrend line has been broken out by strong h4 candle . now price is retesting the broken downtrend line.
also we have 49.5 k support level here . the intersection of broken downtrend line and 49.5 k support level has formed a strong support area that can push the price up.
ETH is around important support area (channel's lower band & static support) and it is penetrating below it.
seems it is going to break the support area . With the closing of the weekly candle below the support area more drop is expected.
And I do not think we will see good things after that.
as you can see CHZ is at an important zone , this zone is the intersection of triangle bottom side and red dynamic line.
there is 2 different scenarios:
1.rejection from here and triangle breakout to the upside , in this case we can take buy position after breakout.
2.triangle break out to the down side , in this case we can expect the price to...
Hello traders. sol has reached to a support zone (the intersection of channel's lower band and horizontal support level) , but this level seems to be breaking . if confirmed we can see more drop to the next support level
AUDIO has been consolidating for some time now it has reached to the uptrend line , breakout to the upside is expected .
wait for the red resistance to be broken out after that we can see a nice upward movement.