NOT FA. It does appear $ADA is breaking out of a falling wedge after a 35% correction. MACD and RSI are signaling trend reversal.
I just took another look at this daily chart on BTC. And it's possible that we're still in an uptrend and that the recent price correction to 42K was just price action flagging out only to resume the next leg up. Considering we broke 48K resistance and no "ouble top" formation. If this is holds true in today's daily candle then we can expect it to retest 64K in...
Just being cautious but a Double Top is forming on $BTC at 48K with strong resistance.
After a 80% correction since May. ZIL has been consolidating and looks to be at the end of a falling wedge. It does have a lot of ceiling to overcome but it is possible to see it breaking out this quarter. Divergence on price action and MACD.
This is just my assumption and not financial advice. Cardano appears to be breaking out of a falling wedge after a 35% correction. Institution(s) appeared to have been accumulating the last few days (long green bars). This would be the 4th straight day of buying. Keep your eyes open. MACD convergence. RSI about to cross 50 and TSV is head back above 0.
This is only my analysis. Not financial advice. We have strong RSI above 50. Possible MACD crossover and if the next bar breaks out of the descending triangle we can expect a retesting of $2.
This is not financial advice and purely speculative. My own observation tells me this correction will lead us to a 40-60% correction in BTC/Crypto market. Not a matter of days but weeks/months before the next great bull run. I'm just going by historical data and right it tells me that we'll hit bottom this year and consolidate all of next year and our next big...
This is just my best guess. Looks like Alogrand will retest $2.50 - if it breaks resistance then we could see 3.46 a new ATH. If not, then a retracement back to $2.23 and will probably rally to ATH.
SHIB has again consolidated on the previous demand zone and is now on a breakout. RSI, MACD confirmation
I do believe SHIB will bounce off the last demand zone.
Waiting for confirmation on the RSI divergence, crossing of the 21ema and 55ema. Bouncing off the uptrend line is a good signal. It has been trying to break up over the last few days so we'll see.
If it breaks resistance at 112 then the next price target would be around 130.