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Solana (SOL) Cup & Handle (1W Log)BINANCE:SOLUSDT has formed a Cup & Handle pattern on the weekly chart, and arguably already broke out of the handle. The measured move target based on the linear depth of the cup is ~$510. Key Levels to Watch • ~$100: Local low and 0.618 Fib of the cup depth, a typical handle retracement in a Cup & Handle pattern. • $260: Cup & Handle neckline and key horizontal resistance. A decisive weekly close with strong volume above this level would confirm the pattern and activate the measured move target. • $510: Measured move target based on the depth of the cup from the neckline. Considerations Volume confirmation remains key. A breakout above $260 with strong volume could validate the pattern and open the path to $510.
Long
by AliferCrypto
Optimism (OP) Falling WedgeBINANCE:OPUSDT is attempting a breakout from a 14 months long falling wedge. A sustained break above the resistance in the near term would set the target at $3.80, just shy of the main $4.00-$4.80 supply zone. Key Levels to Watch • $0.55-$0.60: Main demand zone and invalidation point for the setup • $1.00-$1.20: High Volume Node and key S/R dating back to June 2023.* • $2.50-$2.80: High Volume Node and wedge high point.* • $4.00-$4.80: Main supply zone. * These could offer resistance and represent good levels for partial TPs.
Long
by AliferCrypto
BNB/USDT 1D chartHello everyone, let's look at the 1D BNB chart to USDT, in this situation we can see how the price came out of the downward trend line and currently persists over it. Going further, let's check the places of potential target for the price: T1 = $ 686 T2 = $ 732 Т3 = $ 795 Let's go to Stop-Loss now in case of further declines on the market: SL1 = $ 648 SL2 = $ 599 SL3 = 541 $ Looking at the RSI indicator, we see a clear increase on the indicator that crossed the upper limit, which can also affect the potential relaxation.
by cryptodailyuk