looking at weekly chart, I believe that the "cup and handle" pattern is forming. As one can see, it is still in descending channel where is the handle of the pattern. In my opinion, there is nothing to confirm trend reversal. the middle of the ascending channel is my important support in this movement
Link is located in the bottom half of the ascending channel. the significant Fibo levels are defined on the chart
According to the chart, BTC breaks the top of the triangle pattern and bulls it back. Now, the expected target is $72400 corresponds to the base of the triangle (AB)
the chart illustrates a wedge pattern for ADAUSDT. As you may know, one should wait for breakout. the possible targets for ADA are the mid-line and the bottom of the parallel channel for bullish and bearish movement respectively
As stated by the chart, BTC made a new A.T.H. after 6 months. As shown in the chart, I think the next A.T.H. is $72000. However, there is possibility to have modification about 48500 to 53000. Once this retracement is over, cup&handle pattern emerge. therefore, there should be a continuation of the trend to hit the top of the channel at $82500 and $100000...
Welcome to this Update-Analysis about Bitcoin in this analysis, I figure out a major cup-and-handle-formation at weekly timeframeI and Bitcoin pulled back from the main resistance to find support within the confirmational-support-bounce-zone rightly as expected in daily timeframe Bitcoin is continuing with bullish developments till the final breakout above the...
In this idea, I take a look at ADAUSDT in 1D perspective. As you can see, the price increased sharply. So a correction is expected. Therefore, I believe that there should be a correction about $2.5 or less.
It seems that the BTC is confined strongly. According to the chart, I draw the most possible path in yellow.
according to the chart, triangle pattern is formed on the chart. the current level is important for XRP. looking at volume profile shows that if the pattern breaks downward, the target is the bottom of the channel. otherwise it middle of the channel is the target for upward breakout
in this analysis, I added the Technical analysis indicator which is useful to understand the MA's and Oscillator's results BNB is below the long term period of the moving averages.
what I see is a cup. therefor, if Dot start an uptrend the next target is about the depth of the cup. let see the future!
4h time-frame analysis. the price is confined within a fib-levels 0.78 and 1. and there is a channel as you can see
in 4h time-frame, I expect that MATIC can start uptrend movement after breaking VWAP resistance. the fib retracement and fib channel is also drawn on the MATIC's chart
in monthly time frame, fibonacci levels matches the price very well. in this time-frame, there is a cup and handle pattern. the handle is studied in 4h time frame in details.
in this analysis I aim to illustrate important supprt/resistance regions in LRCUSDT chart. to this end I use Fib Channel tool in daily time-frame.
After breaking the top of the Fib Channel (1.0), KAVA grows to 1.618. it is in a correction mode now. in this movement, a range region is formed where is defined in blue. The price hit the bottom of the channel where it coincides with the 0.618 of the Fib Channel. Therefore, one can consider it as strong support. it may support the price to the middle and top of...
According to the chart, MATIC breaks the triangle pattern and the price decreases dramatically. in daily time frame one can consider this reduction as a correction. In this time-frame, the Fib Channel covers the price movement nicely. In 4h perspective, I believe that the targets are 1.47 and 1.43 respectively.
According to the chart, ETH is testing the bottom of the uptrend channel (Blue channel). However, it might be broken to the two different static supports which are defined in pink. Supporting in uptrend channel, price will reach the middle and top of the channel. Breaking this support line, forms a double top pattern.as a result the price decrease to pink support areas