CryptocurrencyWatchGroup

CryptocurrencyWatchGroup

The S&P 500 (SPX) just closed with a strong bearish candle, dropping -104 points (-1.71%), signaling a possible shift in momentum. The index is now testing a key support level near 6,000, and if this level breaks, we could see a sharper pullback. 📉 What’s Happening in the Market? 1️⃣ Rising Interest Rate Concerns – The Federal Reserve remains cautious about...

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📊 Chart Breakdown: AVGO is showing signs of a bullish pennant formation after a strong impulsive move up, followed by a period of consolidation. 🔹 Lower Highs & Trendline Resistance – The stock has been making lower highs, forming a downward sloping resistance. 🔹 Support at 9 EMA (Yellow Line) – The price has bounced off the 9 EMA, which suggests buyers...

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AMD is forming a potential ascending triangle pattern on the daily chart, signaling a possible breakout if momentum continues. 🔍 Key Levels to Watch: ✅ Support Zone: The stock needs to hold above the $108-$109 range for the bullish setup to remain intact. ✅ Breakout Level: A push above $114 could confirm upside continuation. ✅ Target Levels: If AMD breaks...

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Bitcoin is forming an ascending triangle on the 4-hour chart, signaling a potential breakout. The price is making higher lows, showing strong buying pressure, while resistance remains near $98,000. 🔍 Key Levels to Watch: 📈 Breakout Target : If BTC breaks above $98,000, we could see a move toward $100,763, with further upside potential toward $102,600. 📉 ...

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From the weekly chart shared, Tesla (TSLA) has recently shown intriguing price action, with some potential bearish signals emerging. Here’s a breakdown of what the chart suggests and what it could mean for the stock’s direction moving forward. Key Observations: 1. Strong Uptrend with a Pullback Tesla has experienced a significant rally, moving well above its...

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TRUMPUSDT recently broke out downwards from a symmetrical triangle on the 1-hour chart, signaling potential bearish momentum. ❃The triangle had converging trendlines, indicating market indecision. ❃The breakdown below the lower trendline suggests further downside potential, with $17.854 USDT as the key support level. ❃If the support fails, the price could test...

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The chart for Melania/USDT shows a clear descending channel, reflecting the coin's ongoing downtrend. With lower highs and lower lows dominating the action, the price is struggling to break free from this bearish structure. I’ve done my best to chart this with the limited data available since the coin is new. Key Levels to Watch: Support : $3.304 serves as...

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Bitcoin's 1-hour chart shows a clear bull flag pattern, signaling potential for further upward movement. The first significant run-up saw prices climb from $99,563.68 to $109,358.62, forming the flagpole. After this, Bitcoin entered a consolidation phase, creating a tight flag just below $109,358.62. If the breakout above the flag's resistance is confirmed, the...

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The Bitcoin 1-day chart is showing a symmetrical triangle pattern, a strong signal of consolidation before a significant move. With Bitcoin’s prior bullish trend, the pattern suggests a likely breakout to the upside. If Bitcoin breaks above the resistance level near $108,000, it could head toward the $127,000 range, continuing its bullish momentum. On the other...

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Bitcoin is showing strong bullish momentum, forming a clear "W" pattern. After reclaiming the 96,847.70 level, it’s making its way back to retest the previous high of 102,767.35. This high, which was previously a key resistance, came after Bitcoin broke above the 100k psychological level. With the current structure, it looks like Bitcoin is gearing up for a move...

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Tesla's stock delivered a textbook bull trap, leaving traders on edge. After testing a strong resistance level at $423.71, the stock sharply reversed, pulling back to $413.82 before ultimately closing at $396.20. This kind of price action can confuse both bulls and bears, as it gives the appearance of a breakout without follow-through. The session started with an...

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The Nasdaq 100 Index is currently trading within a descending channel, indicating a downtrend. The current price is around $20,784.72, near the lower boundary of the channel. For the market to reverse, the price needs to break above the upper boundary of the channel, signaling a potential shift to an uptrend. 🚩 What Needs to Happen for the Market to Go Up? 1️⃣ ...

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XRP is displaying strong bullish momentum as it forms a classic Bullish Pennant Pattern. Over the last few days, XRP has made impressive moves, finding support at the 50 EMA and bouncing off it. This sets up a target price of $2.60 in the near term. 📈 Currently, XRP is consolidating within the pennant. If we see a breakout above the upper trendline, the next...

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SoFi Technologies (SOFI) has shown clear signs of weakness after breaking below a head and shoulders pattern on its chart. While some speculate on a lofty $75.00 target, the technicals tell a different story. 🔍 Current Price and Technical Outlook: SOFI is currently trading at $14.15. The head and shoulders breakdown suggests further downside potential, with...

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The Head and Shoulders pattern has now formed on the one day chart, and Bitcoin is approaching the neckline. If we break below that neckline, we could see Bitcoin heading down to $75k. At the same time, Bitcoin is also showing a bearish flag. If this flag breaks to the downside, we could see Bitcoin moving toward $81k as well. My analysis over the past few weeks...

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As we move further into 2025, the S&P 500 continues to show signs of weakness, intensifying the bearish outlook from my last post. The Rising Channel breakdown and Head and Shoulders (H&S) pattern remain dominant, with the price now trading firmly below the 50 EMA. Attempts to reclaim the Rising Channel have failed, confirming that the long-term bullish structure...

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In my last post on November 28, 2024, I discussed Bitcoin’s rising wedge and wondered if the “horn of doom” would break bearish or bullish. Since then, Bitcoin has surged, flowing its trumpet all the way to $108,388.88. Fast forward to today, and Bitcoin is once again at a critical juncture. For the past few days, it’s been trying to break through resistance at...

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Amazon (AMZN) closed at $224.19 today, following a high of $225.36 and an open at $222.51. While the stock remains above the 21, 50, and 200 EMAs, signaling a generally bullish trend in the medium term, today’s price action suggests hesitation in the short term. Adding to this cautious outlook, the MACD shows a bearish crossover, which could confirm a potential...