The SUI/USDT chart on a 4-hour timeframe has shown a clear downtrend within a descending channel, with consistent lower highs and lower lows since mid-April. Recently, a breakout from this downtrend occurred, leading to a sharp reversal in price action. The false breakout highlighted before the uptrend suggests potential volatility. The price is currently...
Matic has formed Eve Bottom , in which the expectancy of moving higher is possible, it is under resistance now, so we'll see after breaking it if it would continue breaking up or not. NOTE: Always DYOR, be cautious to place STOP LOSSes and trade your own personality.
DOT has formed Rounding Bottom on the 1h time frame, it was trying to break upon resistance and succeeded in a series of false breakouts, then, it dropped hard. What is expected now is that it is going to drop a little bit more before accomplishing new highs. NOTE: Always DYOR, be cautious to place a stop loss and trade your own personality.
Ethereum formed an ascending triangle before making an unexpected upward movement, then, it couldn't hold its zones, so, A Descending triangle has formed indicating possible fast drop to 1550, whrere it just climbed from.
OCEAN has formed Rounding Bottom, with two resistances to make it hard for it to hit, so, breaking the current resistance will bring us into pumping more. NOTE: Always DYOR, stay cautious to place Stop Loss, and trade your own personality.
NVDA has formed the Inverted Head and Shoulders pattern, or, the Head and Shoulders Bottom pattern, which indicates that a huge bounce will be in play measured in 1D time frame, also, the price has tested the strong support area and thrown up from it, 2023 will be a great gift for the stock market. NOTE: Always DYOR.
PYPL has formed the Rounding Bottom pattern, which makes upward movements possible, but, what ruins the story is that it is formed below the resistance which makes it harder a bit for it to move higher, but we'll see. NOTE: Always DYOR, stay cautious to place a stop loss, and trade your own personality.
At the H4 time frame, we saw bitcoin pull back from the major level around FTX's collapse, it had bounced back from it the second time until now. So, the big question now is, Did we get out from the bear market and the bull run already begun, or it is another Bull Trap, a Big Bull trap? The market will reveal that soon, and more indicators and patterns will...
After a Symmetrical Triangle has been formed, GBPUSD has formed ascending scallop, so the bearish patterns are consistently continuing to rise, indicating with the scallop that a possible downtrend will be on the scene soon. NOTE: Always DYOR, stay cautious to place stop loss and trade your own personlaity.
MATIC has formed a Rectangle Bottom pattern that implies a possible Pullback before an upward movement, it also has two resistances that need to be tested and hit to continue the uprise. NOTE: always DYOR, stay cautious to place STOP LOSSes and trade your own personality.
LVMH stock rallied and gained momentum after forming the Rounding Bottom pattern, now it is been trading in a downtrend channel, and, seems like it is forming it precisely because the price has been rejected by the upper side, so, if it confirmed to be valid, it will continue its way in the channel until the channel tests the last support, and when so, we'll see a...
BTC With a big descending triangle shows BEARs momentum, the rest is CAPITULATION.
ETH shows a destructive Descending Broadening Wedge at the 1 Day time frame, there is also a weak support level that was kicked in the FTX's collapse days, so, what is coming will be a SHOCK for BULLs who refuse to read the charts.
TSLA reached a very strong support area, adding to that the Adam Bottom pattern, which was a clear one, so, the price already started moving up and entering recovery mode, I made a little bit of its history by pointing to the Three Falling Peaks pattern which explained why we saw the huge drop, the fast of the recovery will be a surprise for everyone. NOTE:...
DXY, the dollar index hasn't formed the precise formation of Descending Broadening Wedge, but as of the support and resistance of that channel are valid, then we may consume that it is a good pattern, also, there is a support level in the area now, if it holds we may see a bounce, breaking down means directing to the next support level.
LTC formed the Descending Scallop Pattern before it made an exhausting pump trying to climb to the pre-last crash areas, within this situation, technically said, it will dump hard, so stay cautious about it, a rule is trying to prove itself in BEAR MARKET, the more the BULL TRAPs last, the more the destruction of dumps will be. NOTE: Always DYOR, Stay safe, Place...
CHFJPY has formed the rectangle Top bullish pattern and an ascending broadening wedge which is also bullish, CHFJPY reached an all-time high in September of this year at 150.62, so, after those surprises by climbing to an ATH, can we see strong momentum pushing it up? time will reveal the answer. NOTE: Always DYOR, stay cautious to place STOP LOSSes and trade...
Historical view: USDILS has formed Three Rising Valleys , which is a bullish pattern reversal , but, a Falling Wedge that arose in the scene made that pattern invalid, so, the good news was that the Falling Wedge is also a bullish pattern reversal , and that time it didn't invalidate and the arising confirmed. after the rising that followed the Falling...