STEPN (GMT) price appears to have chosen the next price movement which is woefully pretty negative. The market sentiments are not in favour of any upward trajectory. Therefore, more blood bath may be expected in the upcoming couple of days. Considering the GMT price, the price could soon break out of the symmetric consolidation and tank down squeezing another...
Solana's price amid the recent slash has dropped below the trend line largely and may take a longer time to recover. However, the price has already flipped from the bottom and currently looking out for a base to propel high Currently, the price is trading above $50 and with a significant influx of volume may eventually bring back the price above the trend line...
The SHIB price after sliding down from the pivotal resistance between $0.00001913 and $0.00002050, dropped very hard which was later fueled by multiple external factors. Currently, after the recent steep drop, the prices are swinging within a more descending, symmetrical triangle. And hence a breakdown may be fast approaching below $0.00001 levels as the rally...
Algorand in the recent times has attracted many and hence one can expect a significant upswing in the coming days, only if the asset breaks through the current pattern. The ALGO price since the beginning of the 2022 trade is swinging within a falling wedge pattern, which is eventually a bullish indicator. No doubt the recent Terra-UST crisis hamper the rally to...
While the whole crypto market bleeds profusely as the brutal attack on the BTC & ETH price continues, the majority of the altcoins drop heavily. Terra (LUNA) which was once predicted to hit a 3-digit figure, is now drowning in a deep bearish well. LUNA price currently is testing the crucial uptrend line and may enter a huge bearish trend if it breaks these...
As the market turns out to be decisive every new day, many altcoins possess their undetermined behaviour. And hence the XRP price which is strongly holding $0.6 area from past 3 to 4 days may eventually slide down. The XRP price as seen in the above chart maintained a significant descending trend and currently consolidating within a narrow range The price...
The crypto market is displaying a huge uncertain behaviour as Bitcoin continues to trade within range bound levels. This may inversely impact the other altcoins which may shed out significant strength. Yet Mirror Protocol (MIR) may decouple form the rest of the crypto assets and launch a sensible uptrend soon. However, the asset is currently at pivotal regions in...
* Theta in 1D time frame appears with a Falling Wedge * The price has a important support around $2.35 and the upper descending trendline is acting as resistance to the price. * In order to make a bullish move towards $4.6 and $5.9 the price needs to break the falling wedge pattern
* The below ascending trendline is acting as a important support for ETHBTC. Every time the price tests the trendline it bounces back creating a new higher-high. * Now if the price gains support and creates a strong rejection candle on the trendline we can again see a pull back till the given Fib levels * If price moves below the trendline it can drop till Support...
* Death cross is technical chart indicator appears during huge sell off, it occurs when the short-term moving average ( 50MA ) crosses below the long-term moving average ( 200MA ). * Including with the death cross DOT also appears with a Head and Shoulder pattern with it's Important support as Neckline around $23. * If price moves below the neckline we can expect...
* AVAX in 4H time frame forms a Falling wedge pattern. * Falling wedge is a bullish pattern which appears when the price moves between two descending trendlines forming lower-lows and lower-highs. * Price above the upper descending trendline can give a bullish move towards $115 levels.
* BTC in 1D time frame appears with Head and Shoulder pattern with the neckline as it's Important support zone around $40,500 * If price gains support around $40,500 we can expect a bounce * Price below the neckline can be a Bloodbath
* Matic forms a Descending triangle pattern, making a important support zone around $2.42 and above descending trendline as resistance. * Descending triangle pattern is considered to be either trend continuation or trend reversal pattern, depending on the pattern breakout. * If price breaks the above trendline we can expect a bullish move till $2.9 * Price below...
* Luna in 3H time frame is moving within a Rising wedge pattern. * Rising wedge occurs when the price moves between two ascending trendlines forming higher-highs and higher-lows. * If the price bounces from it's support zone ( around $84 ) it will regain the $101 levels. If price moves below the support zone we can expect a drop till $75.
* Cardano is moving in a Rounding bottom pattern on it's important support zone * Rounding bottom appears at the end of extended downtrend and indicates a reversal in long term price momentum. * If the price moves within the pattern we can see a healthy bullish move towards $1.76 and price below the pattern is bearish till $1.2
The Polkadot price went parabolic since the beginning of December and smashed the monthly highs above $30 The asset is currently encountering a slight pullback which can be seen as a slight correction or relaxation, before the next leg up Also, the chart so mentions the formation of the Cup, in Cup and handle pattern, which signifies a decent drop incoming...
* Aave in 1D time frame appears with Falling wedge pattern. * Falling Wedge is a bullish pattern that appears when the price moves between two slightly downward sloping trendlines forming lower-lows and lower-highs. * Aave is trading above its important support zone, if the bounces back breaking the falling wedge pattern we can expect a rally till $350. * Price is...
* Ethereum in Daily time frame appears with Symmetrical triangle pattern * Symmetrical triangle is considered to be either trend continuation or trend reversal pattern depending on the breakout. * If the price breaks the above trendline of the pattern, we can expect bullish rally till the following levels