It is moving very steadily at the moment, maybe it will come to test the rising trend line, but I it will always break through.
The rising trend line has broken down and now I hope I can wait until it comes back to this position and I will short it!
Bitcoin is still in a downward spiral in the broad cycle, so this pattern of 15 minutes presenting me with maybe a head and shoulders is an entry point for me to go short at the moment, and we should see around $40,000 in Bitcoin.
As you can see, here is a very good support in a big cycle. Maybe it won't to the moon, but I hope it can bounce from here to the downtrend line.
Sushi has now come to a key support position and I am inclined to go long on sushi. If it breaks down, then a new round of declines is inevitable and I hope we don't see it.
If the daily uptrend is not broken, then I believe solana is very likely to touch the daily downtrend line. Then the current position is a pretty good support, then solana may come back and continue to rally to touch the downtrend line to form a daily double top structure and then break the support to the next target position.
I think NEAR is within the ascending channel and it will go to the upper boundary of the channel.
Eth's 4-hour bearish structure is making its second test of the top, and it also has a bearish structure here on the 1-hour. When the 1-hour structure triggers down it also coincides with the end of the 4-hour secondary test, which will trigger a larger level of decline. I believe we will see at least 2160 Eth, and even 1700.
As long as it doesn't break the left shoulder pattern, luna is now a very clear right shoulder that is constructing a head and shoulders. We'll see luna around 40, but I hope it doesn't stop here but goes to zero.
atom's chart right now is actually very bullish and will go to at least $36. But the market is full of uncertainties right now, and bitcoin and ethereum are very weak at the moment. So if atom can't make a strong breakout, then I think it will follow the general trend down to around $19.
It has just broken out of the wedge and is currently making a move back to support. The weekend market may be hard to figure out, but it is in a safe zone right now. So take your time and wait, as long as it doesn't break down here it will continue to be bullish.
band broke out of this wedge and now it needs to step back a bit. rsi helped me confirm this idea and now just need to wait and then go long.
As shown on the chart, there is a left shoulder resistance on the daily side that is holding back the upward momentum. If it can't be broken, I'm pretty sure it will continue. If the neckline can support this decline, then I'm leaning towards it going up to where it is now to test again then follow the March Fed hike to start completing the head and shoulders.
Bitcoin could be a head and shoulders , let's keep watching the charts. I think the whole market now needs one last pull up and then a drop back to the last low. If the last low is not supported, then we may see even lower prices.
This idea won't leave me,and I believe it will be coming soon.
In the long run, grt is an essential and important part of web3. So buy the dip, this position may not be the lowest point, but looking at the historical charts, it's low right now. I would slowly buy the spot of grt , I believe it will shine very brightly in the next bull market.