We can see that after the harmonic pattern ended, NEAR started an uptrend wave and now has reached the area in which two resistance lines meet. It looks like the uptrend wave is unfolding in an inverted wedge-like pattern. Since the price has pumped up recently, it is too risky to buy now. It is more probable that NEAR will enter a correction wave and there are...
The second way that we can analyze the BTCUSDT is as follow: If we look at the BTCUSDT chart, a harmonic pattern (Shark or Cypher, can't tell which one) seems to have formed. Also, the first signal for the harmonic pattern ending and uptrend wave starting (which is the right leg of the harmonic pattern break) has happened. If we accept this as a harmonic pattern,...
At this point we can analyze the BTCUSDT in two ways; the first one where the price is moving accordingly is presented here. So, according to the last BTCUSDT analysis, the price has made a minor wave up and has reached the crucial area in which two (or one might say three) important lines meet. Since we didn't see a significant increase in buy volume (or yet to...
So, the previous analysis failed since the uptrend line didn't hold and JASMY didn't bounce off it. After the line broke, JASMY correction continued, and now it looks like we might have a harmonic pattern. We have to wait for the downtrend line (the right leg of the pattern) to break and an increase in buy volume is a plus.
If zoom out, we can see that the Tezos is moving in an inverted wedge/triangle pattern. There are support and resistance lines/areas which when the price reaches, will bounce off it. Currently, XTZ is moving down, also in an inverted wedge/triangle. The best area to buy is when the price reaches the area near the bottom of the pattern.
The previous analysis has failed; the upward channel didn't hold. Price went down to the area which has supported KEEP several times and bounced off it. Will it happen again? we have to wait and see. Keep an eye on KEEP :) P.S. don't forget to monitor the increase in buy volume too.
Will the previous bullish setup repeat? ROSE has broken the long downtrend line. Also, we can see an increase in buy volume. The possibility of ROSE jumping or climbing up fast is low, but not zero. However, it is more probable that something similar to the previous movement would happen.
Price is moving in an uptrend channel. Currently, the price is bouncing off the two minor downtrend lines. After the downtrend line breaks, there are two possible targets; the ascending channel's top line and the horizontal line.
After the plunge, Bitcoin is moving slowly up, or one might say retracting in order to continue moving down. BTCUSDT has reached a crucial area; there is an uptrend line that price has broken down and now its looks like making a pullback on it. There are, also, some horizontal lines that seem price react to them. At this time, two of the most probable cases are...
First of all, be careful, Bitcoin ( BTC ) might make another downtrend wave; as a result, most of the altcoins will go down as well. Once again, NFTUSDT has reached an area (the double line zone) were most probably if broken upwards, the next uptrend wave will start. There is also a downtrend line that also needs to break.
First of all, be careful, Bitcoin (BTC) might make another downtrend wave; as a result, most of the altcoins will go down as well. As for the STND, price is moving in a downtrend channel-like trend. For the uptrend to be confirmed, at least the middle line must break along with an increase in buy volume. If the channel upper line breaks, STND most probably will go...
There was a long horizontal resistance line that the price broke. It is normal that after such a break price would pull back on the line as well as some oscillation happen. Anyway, the overall outlook of IOI is bullish.
The previous analysis failed as the price broke through the uptrend line. It seems that SCLP might form a harmonic pattern. If so, have to wait for confirmation.
ATOM is moving down in a channel. Price once again reached the channel's upper line, we have to see if the line breaks. If successful, other confirmation such as an increase in buy volume or higher low will lower the risk. There is a somewhat downtrend resistance which will be where the price's target if goes up. There is, also, an uptrend dotted line which price...
FTM was moving in a downtrend wave. As price reached the uptrend line, it acted as support and now the price seems to have gone sideways. If the price breaks the minor downtrend line, the next uptrend wave probably starts.
KEEP is moving in an uptrend channel; slowly. There is a downtrend line on its way up; We might see another (small) price jump to this line. Anyway, If the price can break the downtrend line and the price peak, another strong uptrend wave probably start. stay tuned.
Keep an eye on KCS; price has been oscillating sideways in a channel. Now, it seems that the price is going to break the upper band on the channel. If successful, there is no resistance on its way! (be careful of price's pullback on the channel)
Price has already broken the downtrend line and spiked up in the new uptrend wave (1). It looks like the current minor corrective wave within the uptrend wave has ended. There are two horizontal resistances ahead: the two price peaks. And there is a major resistance line which is the outer uptrend line.