GRT/USDT pair has formed a large symmetrical triangle. The triangle has been formed in more than 30 days so the pattern looks reliable The breakout looks plausible because the ATR has also dropped to a major support level Additionally an RSI divergence can be spotted with increasing RSI while there is no change in price. This indicates a bullish breakout. Note...
CELO/USDT pair has formed a double bottom on the 1H timeframe. Even though the pattern might not look reliable at first, a key thing to note is the RSI divergence While the price has formed a lower low, the RSI has moved upwards. This indicates that the bulls are gaining momentum The price has broken the neckline so the pattern looks successful. The ATR value is...
SXP/USDT pair is making a nice double top on the daily as well as 4H timeframe The MACD indicator on daily timeframe indicates an incoming selling pressure. A bearish engulfing candle is formed near the trend line breakout Look for more confirmations in the downtrend near the neckline support. Once the neckline is broken, time your entry by looking at RSI on...
BTT/USDT pair is forming a cup and handle on the 1D timeframe. The pattern has been formed after a strong bullish trend as evident by the nice support of EMA 20 along with RSI resistance at 50 The volume is declining in the handle which again is in favor of pattern The pair is likely to trade in handle for sometime before breaking out upwards. Enter long position...
DEGO/USDT pair has formed a double top on 1H timeframe. The neckline is overlapping with the 0.618 retracement thus making it a key support In short term, price is expected to move inside the triangle bouncing between 0.5 to 0.618 which gives a potential capture of 8-9% Once ATR reaches low and bands contract even more lookout for a bearish pattern to enter a...