ICPUSD targeting $55.00Internet Computer (ICPUSD) is on the 2nd straight green 1W candle following the Higher Low pricing at the bottom of the September 2023 Channel Up. As the 1W MACD posted a Bearish Cross into Bullish Cross, we treat this as the start of the Channel's new Bullish Leg.
The previous Bullish Leg recorded +470% gains. Assuming a similar rise from the Higher Low, we are turning long again on ICP, targeting the 0.618 Fibonacci retracement level at $55.00.
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Cryptocurrencysignals
BITCOIN Brace for the strongest rally of the Bull Cycle.Bitcoin (BTCUSD) is about to enter the most aggressive part of the Bull Cycle, the Parabolic Rally. That is the final bullish sequence at the end of which leads to the All Time High (ATH) and new peak of the Cycle. What makes it the most aggressive part is its Higher Highs angle, which historically has been the greater on each and every Cycle.
More specifically, the Parabolic Rally tends to start after BTC breaks above its previous ATH (blue circle). Until then, the angle degree (°) of the Higher Highs is low, with the current Cycle being 31°, the previous one of 2019/20 at 18° and the one before of 2015/16 at 26° (2019/20 Cycle was taken as such in order to filter out both the Libra euphoria and the COVID crash). This trend-line starts at the same time the 'Accumulation Triangle' starts, which leads to the ATH rally test.
The Parabolic Rally in the last 2 Cycles has been 71° and 66° respectively. Each Cycle's ° degrees of the 2 Higher Highs trend-lines give a sum of 89° - 92°. Since the current Cycle has the first Higher Highs trend-line on a 31° angle, the Parabolic Higher Highs should be a minimum of 58°. This suggests that by June we may have hit the 100k psychological benchmark and by September even extend to $150000.
But what do you think? Have we entered the most aggressive part of the Bull Cycle and if yes, are such targets realistic that soon? Feel free to let us know in the comments section below!
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GALAUSD Strong long-term Buy.Gala (GALAUSD) has hit both targets (0.06200 being the last) since our last call (October 26 2023, see chart below) and has established itself above the 0.382 Fibonacci retracement level:
All MA periods have turned into Support levels, obviously the 1D MA50 (red trend-line) is the closer (short-term) one and a Higher Highs trend-line poses as the Resistance. Naturally, the new Bull Cycle aims on each and every Fibonacci retracement level upwards.
As long as the price actions stays under the Higher Highs trend-line, we can see it following a structurally timed rise with clear pull-backs (red Rectangles) and growth patterns (green Rectangles) that can potentially double each time.
As a result we set Target 1 on the 0.618 Fib at 0.17000. If at any point in time, the price closes above the Higher Highs, we will instead aim higher on the 0.786 Fib at 0.3500.
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Alt Season Reversal soon?Alt Season Reversal soon?
So far bullish season on alts going well. We might see a retrace near 800B. 823B is my point of interest where alt can go for liquidity run.
there is clean bullish divergence on USDT>D with Market Cap indicating a bullish move and a final leg before it retraces
ETHBTC About to take off. Ethereum expected to gain massively.It has been more than 5 months (October 07 2023, see chart below) since we last published our view on the ETHBTC pair, when we discussed that the 2022/ 2023 Channel Down was a matter of time to reverse as soon as it would hit the Higher Lows trend-line of 2019:
As you can see, the pair started to trend upwards after touching the Higher Lows trend-line on the week of December 18 2023, posting a series of Higher Highs and Higher Lows. The fact that the 1W RSI became oversold below 30.00 and then started trending upwards on Higher Lows, is a clear sign that the pair bottomed, similar to the bottom of September 02 2019.
What followed then was a break above the 1W MA50 (blue trend-line) and then a sustainable series of Higher Highs and Higher Lows until the 1W MA200 (orange trend-line) broke also and turned parabolic.
For now we have had 2 rejections on the 1W MA50, so in our view that is the confirmation signal. As soon as the price breaks above it, we expect ETHBTC to first target the bottom of the 3-year Resistance Zone at 0.08300 and then conclude the Bull Cycle marginally above the 1.5 Fibonacci level, but we will maintain Target 2 there at 0.1200.
Bottom line: Ethereum is expected to gain massively against Bitcoin over the next 12 months.
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BITCOIN Is $175000 so easy to achieve?Bitcoin (BTCUSD) broke its All Time High (ATH) this month, making history once again. The quest for the rest of the month is to close the March 1M candle above the previous ATH (69000). Why is this important? Because every time it did so in the past on each and every Cycle, the price never looked back and it entered the most aggressive part of the Bull Cycle: the Parabolic Break-out Phase.
This has coincided with the 1M RSI breaking above the 0.786 Fibonacci retracement level of the Fibonacci Channel Down. As you can see on the chart every time it did so, it reached (or almost) the top of the Channel Down (blue circle) while the price hit the 1.618 Fibonacci extension. During the first 2 Cycles the price went on even considerably higher than that (red rectangle) before the Cycle peaked, while the 1M RSI again hit the top of the Channel Down.
During the previous (most recent) Cycle though, there was no 2nd RSI top, as the price only marginally exceeded the 1.618 Fib with its 2nd top, in fact it didn't even close a 1M candle above it.
As a result, we may have a similar 'Double Top' Cycle this time also, but that's just the modest scenario. In any case the 1.618 Fib extension is now priced at $175000, which technically is a 'certainty' (if you can ever say that in investing) based on this historic chart and the Target of this Cycle.
But what do you think? Is $175k a given and if yes, will BTC surpass the 1.618 Fib for an even higher Cycle Top? Feel free to let us know in the comments section below!
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BITCOIN New bottom formed. Rally could aim well above $100k.Bitcoin (BTCUSD) is at the early stages of a new parabolic rally, similar to January - March, as a key bullish development took place. The 1D RSI hit the 50.00 neutral (middle) level for the first time since breaking above it on January 26 2024 and rebounded, while keeping the 1D MA50 (blue trend-line) intact.
This is a strong bullish signal for the Bull Cycle. BTC has been within a range for the majority of this month and last time all those parameters emerged together was in late November - early December 2020. At that time, Bitcoin also hit the 50.00 RSI level, held above the 1D MA50 and after being ranged for almost a month, it started a new parabolic bullish leg towards the 6.0 Fibonacci extension before the next 1D MA50 pull-back.
As you can see, both sequences capped a roughly +100% rise since the previous Lows where the price made contact with the 1D MA100 (green trend-line) and eventually bounced. The 1D MA100 wasn't touched again for almost 7 months, not before BTC approached the 8.0 Fib extension, completing a +563% rise from that Low.
The fractals are virtually identical so far and if the current price action continues to replicate 2020/ 2021, we expect the 1D RSI to hit 90.00 again before retracing. If $100k isn't hit at that time, we will book profits regardless and buy again on the next 1D MA50 contact. Until then, $100k is our next Target.
But what do you think? Is 100k a realistic target that soon and if yes can Bitcoin repeat 2021 to its full extent and even reach 250k? Feel free to let us know in the comments section below!
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ETHUSDT Forecast: The Crucial Breakout ZoneIn the current market landscape, Ethereum (ETH) is at a pivotal point against the USDT, where its ability to gain above a specific price range could dictate the next phase of its journey. A detailed analysis of the ETHUSDT pair suggests that retail investors should closely monitor this range for potential signals of a breakout or further consolidation.
The Critical Resistance Zone
The first aspect to highlight is the critical resistance zone that ETH must surpass to signal strength and potential for continuation to the upside. This zone is crucial because it represents a confluence of technical indicators, including the upper boundary of a descending channel, a Fibonacci retracement level, and historical resistance points. A decisive close above this range on significant volume could invalidate bearish structures, leading to a potential trend reversal.
Implications of a Breakout
A breakout above this range would not only signal strength but could also trigger a change in market sentiment from bearish to bullish. It would likely lead to an influx of buying pressure as sidelined investors begin to enter positions, anticipating further upside. Moreover, a successful breakout could shift the focus to the next set of resistance levels, opening the door for ETH to reclaim higher price points not seen in recent weeks.
The Role of Whales
It's essential to consider the impact of large holders, often referred to as "whales," in this scenario. Historically, these market participants have been known to exert significant influence over price action by either accumulating or distributing their holdings. If ETH fails to sustain a breakout above the critical range, there's a risk that whales could begin offloading their positions onto retail investors, a process colloquially known as "dumping their bags." This action could lead to increased selling pressure, hindering ETH's ability to maintain upward momentum.
Key Levels to Watch
Investors should keep a close eye on the price action as ETH approaches this crucial resistance zone. A failure to break above could see ETH retest lower support levels, where buying interest has previously emerged. Conversely, a successful breakout could pave the way for a more sustained upward movement, potentially leading to a shift in the overall market structure in favor of the bulls.
Conclusion
The ETHUSDT pair is at a crossroads, and the actions in the coming days could set the tone for the medium-term market direction. Whether or not Ethereum can gain above the highlighted resistance range will be pivotal. As always, investors should conduct their due diligence and consider managing their risk appropriately, keeping an eye on market dynamics and the actions of significant players within the ecosystem.
Note: This analysis is provided for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and investors should always do their research before making any investment decisions.
MPCUSDT Is Partisia Blockchain the next security crypto gem?Partisia Blockchain's (a Web3 public blockchain built for trust, transparency, privacy and sub-second finalization time) listed its MPCUSDT token on multiple exchanges since yesterday. The buzz around it is strong so we took a look at its price action and discovered a potential crypto gem behind it.
** Technical Analysis **
The best time to buy such a token is at the very beginning. And what better pattern to utilize than an Inverse Head and Shoulders (IH&S) right from the very start.
As you can see, the price just broke above the initial Lower Highs trend-line, which is about to test it as Support, and we can see a Channel Up already emerging (dotted lines). What better formation to accompany that, than a Bullish Cross between the MA50 (blue trend-line) and MA100 (green trend-line).
As long as the RSI holds its Higher Lows trend-line), this is a buy opportunity. In standard technical IH&S fashion, the pattern targets the 2.0 Fibonacci extension from the Head, which is exactly at 0.7500. That would be +80% from the bottom and +40% from the current level, indeed excellent for short-term profit.
** Fundamental Analysis **
But MPCUSDT isn't just here for the short-term. We view this as a long-term project that has the capacity to reach the leaders of the industry.
The MPC token derives its name and fundamental principles from multiparty computation technology, a technology that maintains data encryption across all states, ensuring the protection of underlying information and enhancing user control over their data. At its core, the MPC token functions as the cornerstone of the Partisia Blockchain’s security mechanism. The token is staked to all nodes within the network, ensuring the ecosystem's integrity and reliability.
Some key points on MPC:
- It ensures transparent elections by safeguarding voter data through privacy-preserving on-chain voting. It enables pattern recognition and analysis on secret-shared data, particularly suited for large datasets requiring privacy. This fusion drives unprecedented growth in privacy-preserving AI models, crucial for collaborative machine learning without revealing individual datasets. MPC guarantees secure computations at the edge, essential for IoT security.
- In DeFi , MPC addresses financial inclusion and scalability challenges, emphasizing compliance and interoperability. Partisia Blockchain’s quantum-resistant MPC solutions safeguard data against quantum threats, potentially integrating into quantum technologies. MPC shapes decentralized identity solutions, granting individuals control over their digital identities.
- In healthcare , MPC facilitates secure collaborative research, expediting breakthrough treatments while safeguarding patient privacy.
As the crypto market continues to navigate the complexities of privacy, the integration of Partisia Blockchain into major trading platforms marks a significant moment for the community. It serves as an acknowledgment for projects that are innovative and tackle today's challenges in the fields of privacy and security.
The interest on privacy-focused cryptocurrencies has only just begun and the listing of the MPC token serves as a strong reminder and this is a great opportunity for long term investors looking for crypto gems to position themselves early. We are as bullish as it can get on MPC!
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FETUSD Will it correct? Be ready for $10.Fetch.ai (FETUSD) easily hit our last $1.80 target that we set 4 months ago (November 20 2023, see chart below) when the price was still only 0.57:
That completed the 2nd wave of the (dotted) Channel Up that started on the November 22 2022 market bottom, which was a Higher Low on the wider, historic Channel Up that goes back to 2020. Now that the 1.5 Fibonacci extension broke, we do expect a new pull-back but not lower than the 1W MA50 (red trend-line), which should act as a Support until this Bull Cycle is over or the 1.0 Fib (which is where the June 22 2021 low bottomed).
As a result we are looking for an entry around 1.2000 for a buy that will target the top of the historic Channel Up at $10.00.
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ALGO/USDT Local trend. Wedge breakout zone. 5 11 2023Logarithm. Time frame 1 day
Main trend. Accumulation/distribution zones. Time frame 1 week.
ALGO/USDT Main trend. Cycles. 07 2023
Secondary trend. All price drops from 2-year highs.
ALGO/USDT Secondary trend. Wedge - trend.
This local wedge breakout zone on the line chart.
BITCOIN Will 60k hold?Bitcoin (BTCUSD) is having so far its strongest correction (almost -15%) in 2 months (since the January 23 2024 Low) with the 1D RSI turning neutral (was overbought last week) after forming Lower Highs (i.e. a Bearish Divergence).
The dominant pattern is still a Channel Up, supported by the 1D MA50 (blue trend-line) and last time we saw such an RSI Bearish Divergence was during the previous Channel Up (October 13 2023 - January 11 2024) but turned out to be false and the trend continued upwards. This time though the pull-back appears to be stronger, similar to January 12 2024, which broke the previous Channel Up and made a bearish move towards the 0.382 Fibonacci retracement level.
As a result we are looking for a pull-back extension near Support 1 (59500) and the 0.382 Fib, which is marginally below it, where the 1D MA50 is headed. This is the strongest Support Cluster possible on the short-term and if it holds, the bullish trend of the Channel Up should be maintained and the potential rebound can target $90000 around the time of the Halving. If however the price closes a 1D candle below the 0.382 Fib, we will be looking towards a 1D MA200 (orange trend-line) test around 45000, before the bullish trend is resumed.
Notice also that technically the 44.90 - 36.00 1D RSI Support Zone has been a buy opportunity since for the past 6 months.
Feel free to let us know in the comments section below!
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AVAXUSD $104 is the minimum target on this run.Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak.
If it continues to repeat the sequence, then we can see $155 as a peak (Higher High), since the previous leg topped at around +470% from the bottom. We take a more conservative target however, aiming for the April 02 2022 High at $104.
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Trade signal | STEPN (GMT) completed setup for upto 37% pumpHi dear members , hope you are well and welcome to the new trade setup of STEPN (GMT) with US Dollar pair.
Previously we caught almost 21% pump of GMT as below:
Now on a daily time frame, GMT has formed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
VXV Main trend (part). Working with HYIP altcoins in the past.Logarithm. Time frame 3 days. The coin as an example of the logic of the chart now and work on similar cryptocurrencies with "pump towers" (hype, deception about the prospects) in the past market cycle.
The chart shows the main trend (part). The first part of the chart is missing, namely the long accumulation phase of 0.08 -0.2$ (almost a year and a half) before the +11,000% dump under the HYIP of "AI projects".
This is what it all looks like on a line chart of the price.
Major trend (part) is the probability of a pump bowl. Rational 1 part (liquidity). If this is realized, the price is now at the end of the second phase of its formation, i.e. conditional accumulation.
Second trend - the price is in the descending channel at its upper part of resistance. Also a part of the chart period can act as a horizontal channel of accumulation (the 2nd phase of the bowl if it will be realized), with the zone of capitulation (breakthrough of the former support 0.26 to 0.16 and the price return back). Now the price is at its meridian 0.5, that is at the average price of the channel.
Local trend. - a potential ascending pennant with the base of the flagpole from the surrender zone of 0.16$, provided that the logic of the "canvas" of this figure will be preserved and the local "head and shoulders" is not realized (marked on the chart). Key reversal zones are similarly shown and percentages of them for orientation.
Important. TA, that is, the logic of the chart due to low liquidity and the fact that most of the positions of the creators of this cryptocurrency (team) and “investors” were “distributed” to hamsters earlier in the last cycle and there is no particularly speculative interest now to develop the project. Only an increase in the prices of the entire market can correct this. Due to the loss of liquidity and capitalization, technical analysis (TA) is conditional.
It's also worth noting that this cryptocurrency was created purely for this AI hype in the last cycle. If it in the news background of the market repeats (high probability), then all such cryptocurrencies will pump. The AI HYIP could be in any phase of a bull market both participation and phase 1 distribution zone.
2024 is not the highs but the beginning of the participation phase (exit from accumulation zones and rise to distribution zones).
2025 is distribution and price highs.
April through June.
August (some "long-awaited assets", HYIP).
November - December.
Trading strategy on similar ones . It is advisable to work from support and resistance zones, taking into account the average price of your set of coins / and reset. A pre-allocated amount that you are willing to risk, since such cryptocurrencies are often scammed.
Stop loss strategies are useless here due to low liquidity and frequent price slippage by a significant percentage. A coin for the classic medium/long-term dump/dump strategy of low-liquidity, high-risk cryptocurrencies in spot trading.
Speculative legend to create a +11,000% pump tower on the chart in the past with the same -99% collapse:
Vectorspace AI provides valuable correlation matrix datasets to enable researchers to accelerate their data-driven innovation and discovery with patented NLP/NLU. Customers save time in the research cycle by quickly testing hypotheses and running experiments with higher throughput. Vectorspace AI originated in the Life Sciences Division. Lawrence Berkeley National Laboratory (LBNL), whose founders developed patents that drive the company's innovation for various academic institutions.
Quite possibly under a general bull cycle and given that this cryptocurrency has low liquidity a significant pump again is possible. But, an order of magnitude less than in the past (targets shown), when cryptocurrency creators and "investors" exited (sold) at growth (not at the peak) on the AI HYIP...
Pump/dump and liquidity . Remember, if pumping repeats by a very large percentage as in the past (not likely), there will be no liquidity in the at all. That is, even not a large amount of money you may not be able to sell at the peaks, so that the price does not fall down by a large percentage. Therefore, it is rational to sell where there is substantial profit, positive news background and liquidity, which is created by purchases of "hamsters".
Many people want to guess the exact time of correction or pump.... When everyone waits — nothing happens. When they stop waiting — it starts.
Therefore, you should not guess and wait for something, you should build your trading strategy and risk management so that you do not care when and where the price will go. This is the most rational and optimal way for a trader.
BITCOIN This dump will truly test the strength of the rally!Bitcoin (BTCUSD) declined from the fresh 73700 All Time High (ATH) back to 65600 in a matter of a few hours, breaking below the 4H MA50 (blue trend-line), entering the green Ichimoku Cloud for the first time this month, while touching the bottom of the short-term Channel Up pattern.
This is the 2nd Higher Low for the pattern and now is the time for the trend to test the strength of this rally. As long as the candles close inside the Channel Up, we expect the bullish trend to continue and make a break-out attempt even to the 3.0 Fibonacci extension (90000), similar to the Channel Up bullish break-out that delivered the December 09 2023 High.
The two patterns share many similarities not just on their price action and MA periods involved but also on their RSI sequences. If the Channel Up breaks to the downside though, we expect a quick test of Support 1 and will pursue a 60000 Target that should test the 4H MA200 (orange trend-line). Then, as long as the 1D MA50 (red trend-line) holds, we can look forward to a bullish reversal and higher accumulation towards yet another ATH near the end of the month or at worst first week of April.
Feel free to let us know in the comments section below!
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Ascending PROFITS: A Bullish Breakout Play for Compound (COMP)BINANCE:COMPUSDT shows a bullish setup with the potential for continuation. COMP is making strides above its EMAs and breaking out from an ascending triangle pattern—a classic bullish signal. The RSI backs this momentum, comfortably below overbought levels, providing the confidence needed for a long position. With crucial support zones established, COMP's chart points to a narrative of strength and upward potential, inviting a strategic entry for those looking to capitalize on the promising technicals within the altcoin sector.
Arguments speaking for this Long trade and why am i taking it:
Trendlines: The price action has formed an ascending triangle pattern, which is generally considered a bullish continuation pattern. The horizontal line represents resistance levels that the price has tested multiple times without breaking through, without consideringh the latest BINANCE:BTCUSDT volatile move that resulted in that fake break.
Exponential Moving Averages: The price is above the 2 Exponential Moving Averages (EMAs), suggesting a bullish trend. The EMAs also appear to have provided dynamic support during recent price dips.
RSI: The Relative Strength Index is hovering around the 60 level, which suggests bullish momentum is present but not yet overextended into overbought territory (above 70).
Breakout: There appears to be a breakout that happened already alongside with a small retest of the resistance. I believe it is all set to moon now after this move.
Support Zone: There are visible support zones marked by rectangles, indicating areas where the price has previously found buyers.
the TA for BINANCE:COMPUSDT reveals a promising scenario for potential upside movement. The breakout from an ascending triangle pattern, accompanied by the price's position above the EMAs and a supportive RSI, presents a classic bullish signal in the world of trading. While the excitement of such technical setups is undeniable, you are reminded to remain disciplined, factoring in the broader market sentiment and adhering to a robust risk management strategy. As with any trade, the importance of confirmation, alongside a well-considered entry and exit plan, cannot be overstated.
As for me as usual, i am going only for a 200% TPR and not greeding on this one as well.
Good Luck
BTC Bearish Divergence supported by rising wedgeHi traders, there is a chance that retracement of this very bullish movement of bitcoin will come soon.
The primary trend remains bullish but since the bullish movement is a bit exhausted given the rising wedge pattern shown in the movement, we expect BTC will go down to 68000.
Good luck!
I am seeing there is possibility BTC will go to 55.000 before continue its journey to 100.000