It took longer than I thought, but the double top on ETH finally played out. Recent Price Movement Ethereum (ETH) has recently completed a “double top pattern”, which is a bearish reversal pattern that typically indicates a potential price decline after two peaks at approximately the same level. In late 2024, ETH reached its peaks, and as of today, it has...
LINK is breaking out of an accumulation zone and completing a cup and handle formation with a measured move in the $33 region. Watch for the resistance zone above $33 for a potential stall out of the move; however, if it can break that level, then we can easily move much higher. Remember, BTC finally diverged from the market today. This could be the beginning...
WELL has had a though time of late given overall market conditions and its relatively short time in existence. However, all that may be about to change. WELL is entering a major buy zone, with a great entry likely around the $0.47 price point, which also happens to be a full retrace to the .236 Fib level from the highs. Couple that with a POC around $0.62, and...
BTC and many ALTs have reset their Stochastic RSIs and their SRSIs and CMFs are turning up. Look to PEPE and SOL to be first movers as their SRSIs and CMFs have already broken the trend and are signaling a move higher. Layer in that ETH held up during the morning dumb and is leading BTC higher and we may be in the making of the coming ALT season. ETH has...
Though ETH is in a long-term cup and handle pattern that is likely to take us to 5k within the next couple of weeks, short-term, ETH is completing a double-top formation that is likely to bring us down into the 3k buy zone. If this pattern plays out, it is likely to do so in the next week or so and may be our last chance at an entry below 5k for this bull cycle.
ETH has formed a perfect cup and handle pattern on the weekly. Though it is likely in for some consolidation, this pattern indicates a move to 5k over the next few weeks.
ETH is fighting to break free from its current resistance zone. Keep an eye out for a break above 3460 on the daily.
ETH is fighting to break free from its current resistance zone. Keep an eye out for a break above 3460 on the daily.
OCEAN has often followed ORCA’s moves. OCEAN just broke a major resistance zone and had a $0.10 gap before hitting the next. If history rhymes, then OCEAN may be ready to PUMP!
OCEAN just broke major resistance and has a $0.10 gap before the next resistance zone. If it follows ORCA, like it has done in the past, then this token could be ready to run.
The giant bull pendant on the VELO chart represents the bullish trend in the price of the VELO, typically indicating strong buying pressure and positive market sentiment, suggesting that the price of VELO is likely to continue rising in the near term.
The giant bull pendant on the VELO chart represents the bullish trend in the price of the VELO, typically indicating strong buying pressure and positive market sentiment, suggesting that the price of VELO is likely to continue rising in the near term.
Today, VELO flipped it’s former resistance zone to support. Here's a quick analysis of the recent price movement in the VELO token: The VELO token has recently experienced a significant shift in its price trend, with the resistance level flipping to support. This indicates a bullish reversal, as the token has managed to break through a previously strong...
Today, VELO flipped it’s former resistance zone to support. Here's a quick analysis of the recent price movement in the VELO token: The VELO token has recently experienced a significant shift in its price trend, with the resistance level flipping to support. This indicates a bullish reversal, as the token has managed to break through a previously strong...
The double bottom playing out in natural gas is a classic bullish reversal pattern. This pattern typically signals a shift from a downtrend to an uptrend, characterized by two distinct lows at approximately the same level, separated by a peak (the "W" shape). Here's an in-depth analysis of the recent move and potential future trends for natural gas: Recent...
Given today’s Marco market environment and VELO’s recent failure to take the .5 Fib level, we may be in for a significant pullback. Consider taking profit today and reinvest after VELO returns to our support zone between .081 and .074.
The Russell 2000 has been fighting to get through the POC, but with both the Stochastic RSI and CMF resetting a major move is possible. If the Russell can break through the selling pressure between 2220 and 2250, then we could see significant upside over the following weeks.
VELOUSD just re-entered a major buy zone in its volume profile after handily bouncing off significant support. This level has shown impressive trading activity from buyers in the past and may again generate strong interest in the token. This can be a bullish signal, suggesting that the price could continue to rise as buyers step in to take advantage of the...