Based off the 1hr chart BTC has formed a Cup and handle formation. If you draw a fib from the lowest price 59635 and drag it to the highest price you will see that the current price is at the 38% Retracement level, usually a textbook strategy of opening a long position to the upside. Support level is at 61975 and holding. Pt: With the current moment id say 66k is...
After the long run Btc has made its consolidation and right now its trying to find the right support level. Based off my analysis I predict that BTC will drop as low as to the 59k price and make a reversal back to the upside potentially surpassing the previous ATH.
COINBASE:ADAUSD Anyone got an analysis similar to mine?
Please leave a thumbs up if you agree with the current analysis here.
COINBASE:LINKUSD When Looking at both patterns we can see that there is a huge similarity with how Link has been moving. Take a look at how patterns 1 and 2 are. The blue circles show similar price action and the green circles show what I think to be a potential breakout. HOWEVER, I COULD BE WRONG JUST FYI. What Im currently looking for is the price to TOUCH...
As shown in the chart LINK has bounced back from the lower lowes to the higher high's and we are currently seeing its bullish Ascending Triangle formation on the 1D chart. Although It's facing some resistance as shown here we are expecting to hit our price targets within this week.