ETH daily candles have been closing within a $200 range, and BTC daily candles have been closing within a 3k in past 20 days.
The same scenario we discussed in our pinned posts remains intact. It appears that as long as the price stays below the red box, there is a possibility of a medium-term Wave C formation. We also had a support trendline, which is now broken; however, we need to wait for the daily candle to close to determine whether this break is fake or genuine.
"Now that it has broken above the channel, I think it might reach the area I've marked. What do you think?" This keeps it clear and professional. Let me know if you want any tweaks! 🚀
"What do you think about this analysis of Bitcoin? Do you think the channel will break? Share your thoughts in the comments."
Bitcoin is currently trading around $95,304, showing signs of consolidation after its recent bullish momentum. Based on the current market structure, there is a possibility that BTC may drop to $93,000 before making a move towards the highlighted supply zone. 📉 Potential Move to $93,000? Looking at the price action, Bitcoin appears to be forming a retracement...
#solana broke out of the trendline resistance and holding above the support 200-day EMA. 320$-420$ is Loading....
I attempted a breakout trade on the descending channel, but unfortunately, I got stopped out. The price initially showed signs of breaking above the channel, but the resistance held, leading to a pullback. Despite the stop-loss hit, I’m still watching for a potential bullish move. If the price reclaims the breakout level with strong momentum, I’ll consider...
we haven't seen a #BTC daily candle close above $106.5k despite multiple attempts. a dailycandle closing above 107$(approx) would be bullish; other wise be prepared for another pullback
eth ETF inflows are 2x BTC's eric Trump calls it a good time to buy gas fees down to just $0.04 eth foundation restructuring
📉 Current Market Structure: SOL is currently trading at $201.39, showing a downward trend that has reached a key support zone (highlighted in white). A descending trendline has been respected, but price action suggests a potential breakout. 📈 Bullish Scenario: A breakout above the descending trendline could indicate a trend reversal. If SOL maintains support and...
🔹 Key Resistance & Spot Trigger: The chart indicates a major resistance level around $10.465, where the price previously faced rejection. This zone acted as a spot trigger, leading to a sharp decline in price. 🔹 Price Action & Trend: After the rejection at the resistance, the price dropped significantly, aligning with the downward movement of the orange moving...
Solana (SOL) is showing signs of weakness on the daily chart, indicating a potential bearish move in the coming days. Several technical factors suggest that a downtrend may be on the horizon: 🔹 Price Action: SOL has failed to break key resistance levels and is forming lower highs, signaling selling pressure. 🔹 Moving Averages: The price is trading below major...
The CME Bitcoin chart is showing gaps that suggest Bitcoin will first make an upward move and then head towards $88,000. Of course, this is just my personal opinion. What do you think, friends?
I think Bitcoin can be bullish after these drops What is your opinion in this regard? Bitcoin will reach 88 thousand dollars and go up again or will it go from here for a new ceiling?
The price is currently in a descending triangle pattern, consolidating near the lower range. A strong breakout above the trendline could signal a bullish move with minimal risk. 📌 Entry Strategy: Enter after a confirmed breakout above the descending trendline with volume. Keep a tight stop-loss below the breakout candle to minimize risk. First target: The...
✅Key Support Zone: $0.0058 - $0.0062 ✅ Major Resistance Levels: First Target: $0.0154 Second Target: $0.0220 - $0.0228 Final Target: $0.0256 📉 Market Structure: The price is currently testing a strong historical support zone around $0.0060, which has previously acted as a demand level. A potential double bottom formation could be developing, signaling a possible...
Overview: The chart represents the XRP/USDT trading pair on a 4-hour timeframe from Binance. The price is currently around $3.102, showing consolidation after a previous sharp movement. Key Observations: Descending Channel Breakout: The price was previously moving in a descending channel but has broken out aggressively to the upside before facing...