* Golden cross appeared in Chainlink daily time frame. * Golden cross occurs when the short-term Exponential moving average (50 EMA) crosses above the long-term Exponential moving average (200EMA) this indicates the long-term bull rally. * Exponential moving average is also a type of weighted moving average technical chart indicator which refers the recent price data.
* Ethereum in 4H time frame forms a Rectangle pattern chart pattern. * A rectangle pattern appears when the price bonds between two parallel trend-lines opposite to each other, where the lower trend-line works as support and the upper trend-line as resistance. * Rectangle pattern is a trend continuation pattern. * In order to continue the bull run Ethereum needs...
* Dogecoin in 4H time frame forms Falling wedge pattern. * Falling wedge is a bullish pattern appears when the price moves between two slightly downward sloping trend-lines forming lower-lows and lower-highs. * Here the lower trend-line works as support and the upper trend-line works as resistance for the price. * If the price breaks the upper trend-line we can...
* AVAX is in a consolidation within a range. * It has a major support around $40 and the above trend-line as resistance, every-time it test the support it bounces back up. * Bullish RSI divergence also appeared in AVAX, this indicates that there is no longer the same momentum between the price and the RSI indicator. * If the price breaks the above trend-line we...
* Cardano is facing a rejection from it's resistance near $2.950. It is now consolidating between it's resistance and a small support around $2.8. * If the price breaks the support of $2.8 we can see a drop till the below major trend-line. * RSI bearish divergence also appeared in Cardano including the over bought indication. * Over bought is considered when the...
* Bitcoin is facing a rejection from a psychological resistance around $50k. * Previous weekly candle closes below $50k forming a rejection candle with long wicks. * To continue the further bull rally Bitcoin needs to break it's resistance level of $50k.
* Bitcoin in 2H time frame is moving in rising channel pattern, forming higher-highs and higher-lows. * The rising channel also includes falling wedges in it. * Every time Bitcoin breaks the falling wedge it gives a good bullish move. * Bitcoin has support-1 near $46k and support-2 near $44k including the support of 200-EMA. * In order to continue the rally...
* Polkadot in 4H time frame appears with Head and shoulder pattern. * Head and shoulder is a trend reversal pattern occurs during the uptrend. * DOT has a support around $23, if the price breaks the support we can expect a drop till $20. * Polkadot can even bounce back up from the support.
* AXS is in a clear healthy uptrend moving in a expanding channel forming higher-highs and higher-lows. * Expanding channel appears when the price moves between two broadening trend-lines with narrow opening and broad closing, here the lower trend-line works as support for the price and upper trend-line as resistance. * Every time the price test the lower...
* EOS in 30-mins time frame forms Inverse Head and shoulder pattern with neckline as it's resistance near $4.87. * Inverse head and shoulder occurs during the down trend, this indicates the reverse of the trend. * If the price breaks the it's resistance we see a bullish move till $5.050.
* Cardano is in a healthy uptrend forming higher-highs and higher lows with the support of the below trend-line. * Every-time the price touches the below trend-line (support) it bounces back forming new higher-high. * If the price breaks the upper trend-line (new resistance) we can expect a bullish move till $2.950.
* Matic in 2H time frame forms a Falling wedge pattern which is bullish pattern. * Falling wedge pattern occurs when the price moves between two trend-lines slightly sloping downward, forming lower-lows and lower highs. * Here the lower trend-line works as support to the price and the upper trend-line works as resistance. * RSI indicator also forms bullish...
* Bitcoin in 1H time frame forms a Bullish flag pattern. * Bullish flag is a trend continuation pattern occurs during the bull run where the price consolidates between two parallel trend-lines opposite to each other for a period of time before it continues the rally. * If the price breaks the upper trend-line we can expect a bullish move till $50500.
* XRP in 4H time frame forms a Ascending triangle with it's resistance near $1.3050 and the below trend-line as it's support. * To continue the bullish rally XRP needs to break the above resistance. * If it breaks the below trend-line we can expect a drop till $1.0950.
* MANA in 2H time frame forms Cup and handle pattern. * Cup and handle is a bullish continuation pattern occurs during the bull run. * If the price breaks it's handle resistance near $0.9150, we can see the continuation of bullish trend. * MANA is bearish below the handle.
* Axie infinity in 1H time frame forms Symmetrical triangle pattern. * Symmetrical triangle occurs when the price consolidates between two trend-lines slightly sloping towards each other, the price is squeezed till it breaks the either side of the pattern. * The upper trend-line works as resistance for the price and the lower trend-line as support. * If the price...
* TRON is in a tight consolidation between it's resistance around $0.09060 and the below trend-line. * The below trend-line is working as support for the price. * If the price breaks the above resistance we can expect a rally till $0.0960. * TRON is bearish below the lower trend-line (support).
* XLM in 1H time frame forms Expanding channel. Here the price moves between two broadening trend-lines. * Expanding channel appears with narrow opening and broad closing like a reverse symmetrical triangle. * A RSI divergence also appeared in XLM. * RSI divergence occurs when there is no longer the same momentum between RSI indicator and the price. * If the price...