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Bitcoin can make small correction and then continue to growHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago entered to upward channel, where it soon reached the resistance level, which coincided with the seller zone, but at once bounced and made a correction to the support line of the channel. Next, the price continued to move up and finally broke the 64900 level, and later reached the channel's resistance line again. But then BTC turned around and started to decline, so, soon, the price broke the resistance level one more time and exited from the upward channel. After this, the price continued to fall inside the downward pennant, where it first fell to the support level, which coincided with the buyer zone. When BTC fell to this level, it at once broke it, some time traded near the buyer zone, and then declined to support line of the pennant. Next, it turned around and rose higher than the 61200 level in a short time, breaking it again, and soon reaching the resistance line of the pennant. A not long time ago, BTC exited from pennant and now it continues to grow. For this case, I think that the price can make a small movement down and then continue to grow to the resistance level. That's why I set my TP at the 64900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
After upward movement, Gold can correct and then continue riseHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price reached the support level, which coincided with the buyer zone, broke this level, and rose a little more. After this, it turned around and in a short time declined below the 2430 level, breaking it again, but then XAU started to grow inside the upward channel, where it broke this level one more time. Then it made a retest and continued to move up to the resistance line of the channel, which coincided with the current support level and some time traded near. Later it made a correction movement to the support line of the channel, after which made an upward impulse, thereby breaking the 2530 level, which coincided with the support area. Now Gold continues to move up inside the upward channel and I think that it can little correct and then continue to move up to the resistance line of the upward channel. So, that's why I set my TP at 2660 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
4
Bitcoin can start to grow to resistance line of upward channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price not long ago declined in a downward channel, where it dropped from the resistance line to the seller zone, which coincided with the resistance level. Then the price bounced up and tried to grow, but soon continued to fall. In a short time, BTC declined below the 57900 level, but later turned around and rose to the resistance line of the channel, after which it reversed and fell to the support line of the downward channel. Then the price rose to the 57900 level and even entered the seller zone, after which it dropped to the support level, exiting the downward channel, and soon broke the 54800 level, falling even lower. But after this, Bitcoin turned around and started to grow inside the upward channel, quickly rising to the 54800 level, which coincided with the buyer zone, and broke it again. Next, the price rose to the resistance level of the channel, after which it rolled down. So, in my opinion, BTC can decline a little more and then start to move up to the resistance line of the upward channel, thereby breaking the resistance level. In this case, I set my TP at 59000 points, which coincides with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
🔥 Ethereum's Next Bull-Market Top PredictionIn this analysis I'm going to make an educated guess at ETH's next bull-market top. I'm going to make the assumption that ETH will continue to trade within this rising wedge pattern. Naturally, this prediction will be invalidated once ETH deviates from this pattern. First of all, the time at which ETH will presumably top will be around the same time that BTC will. Following my very popular BTC top forecast from a while ago, this will be somewhere in October of 2025. Assuming that ETH will hit the top resistance around that time, a value around 16,000$ is to be expected at that point in time. Seeing that Q4 of 2025 coincides perfectly with the later stages of the rising wedge, a bearish break out through the wedge's support is to be expected soon after, which will likely kick-off a new bear market. What's your top prediction? Share your thoughts in the comments 🙏
KRAKEN:ETHUSDLong
by FieryTrading
16
🔥 Bitcoin 1.5 Year Rising Wedge Break Out: Pump Coming?Rising wedges are classically bearish trading patterns, but can often break bullish during strong trends (same goes for falling wedges during bearish trends). As of yesterday, BTC has officially broken out of the rising wedge pattern that has been formed over 1.5 years. Bears have been looking at the pattern for a long time now, but are likely wrong on this pattern since the price broke through the top resistance. It's likely that bulls have been waiting for this break out in order to start buying again. As per my analysis below, a strong volatile move is expected in the short-term. Keep in mind, a fake-out is still in the cards. Nevertheless, it's more likely that this break out is the real deal. I previously mentioned that 40k was the target for this year. Now that we're trading 3% below 40k, it seems that we will reach it shortly. After 40k, I'm looking at 48k. As per my fractal analysis below, I think we're going to see some fireworks in the near future. Share your thoughts 🙏
INDEX:BTCUSDLong
by FieryTrading
25
🔥 Bitcoin Bouncing Off Resistance: Bulls Still Fighting!In my most recent BTC analysis I talked about the fact that BTC managed to break out through the main bear market resistance, which made me switch bullish with a target of 40.000, which has played out well! For the time being, BTC has a bit of trouble getting through the top resistance of the rising wedge pattern. Personally, I'm anticipating a break out soon, seeing the amount of new buyers entering the market. On the other hand, we can still fall back towards the support of the pattern. Not very likely, but surely a possibility. In that case, buying from the bottom support would be a great entry point. Till then, 40k is the target.
INDEX:BTCUSDLong
by FieryTrading
11
🔥 BNB Rising Wedge: Bearish Break Out Coming?BNB has been trading inside this rising wedge pattern for several months now. Rising wedges are classically bearish reversal patterns, so that's the direction that we're going to look. BTC appears to be weak. If this weakness continues, I'm expecting a bearish break out of BNB in the near future. In case we get a bullish CPI reaction today, BNB might see a reversal and move back up towards the resistance of the pattern. Be patient for the break out. Blue area is the target.
Short
by FieryTrading
6
NVDA - Rising Trend Channel [MID TERM]- NVDA is in a rising trend channel in the medium long term. - NVDA is moving within a rectangle formation between support at 262 and resistance at 279. - A decisive break through one of these levels indicates the new direction for the stock. - NVDA has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 178. - Further rise to 300 or more is signaled. - NVDA is approaching's resistance at 290, which may give a negative reaction. - However, a break upwards through 290 will be a positive signal. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:NVDALong
by wavepoint99
TQQQ - Rising Trend Channel [MID TERM]- TQQQ has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. - It also gave positive signal from the double bottom formation at the break up through the resistance at 23.69. - Further rise to 30.60 or more is signaled. - The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. - The stock has marginally broken up through resistance at 27.60. An established break predicts a further rise. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:TQQQLong
by wavepoint99
AAPL - Rising Trend Channel [MID TERM]- AAPL has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 157. - The stock has support at 151 and resistance at 175. - Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:AAPLLong
by wavepoint99
MRK - Rising Trend Channel [MID TERM]- MRK is in a rising trend channel in the medium long term. - The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 95.58. - The stock has broken up through resistance at 115. - Volume tops and volume bottoms correspond badly with tops and bottoms in the price. - The short term momentum of the stock is strongly positive, with RSI above 70. - This indicates increasing optimism among investors and further price increase for MRK. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NYSE:MRKLong
by wavepoint99
🔥 Where Are The Bitcoin Bears? Over the last week I've made a couple of analyses on BTC and the rising wedge pattern it was trading in. In my last analysis I expected some kind of oversold bounce into a new sell-off. Seeing that we've moved almost 9% in less than 24 hours makes me question whether we should look for going short. My bounce area (blue) has been reached, but we're blasting through it. Seeing that we're currently reaching overbought levels on the 4H timeframe, today's a make it or break it day for the bears. If Bitcoin bears can't push through and move us back down, I see it likely that BTC will make a new local top, target at 32,000 for now. Let's see what today will bring.
by FieryTrading
8
LLY - Rising Trend Channel [Mid Term]- LLY is in a rising trend channel in the medium long term. - LLY has also received a positive signal from the moving average indicator, thus signaling a continued rise. - LLY has broken up through resistance at 375. - The short term momentum of the stock is strongly positive, with RSI above 70. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NYSE:LLYLong
by wavepoint99