MysticMads

MysticMads

The daily chart of PORTALUSDT on Binance exhibits a classic rounding bottom formation, which is typically a bullish reversal pattern. Observations: Rounding Bottom: The price action from mid-March to early June clearly depicts a rounded bottom pattern. This formation suggests a gradual transition from a downtrend to an uptrend, indicating a potential bullish...

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Descending triangle on the daily. Notice how the supply zone (red box) maintained an aggressive resistance. Previous demand zone later turned into supply zone (purple box) that the price couldn't sustain. If this breaks the triangle, it may see some bids in the demand zone (green box) of the previous ATL. Overall, bearish. Educational purposes only. Not...

MysticMads

Based on the chart analysis, the rising wedge pattern signals a likely bearish correction in the short term, with the price potentially testing the 0.618 Fibonacci retracement level around $518.36 as a key support. However, the Elliott Wave projection suggests a bullish reversal toward point (C) if support holds, indicating a medium-term upward move. Traders...

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The token remains channel bound. The chart provides a clear explanation, showing a lot of activity. It could still be in the accumulation phase, as the selling pressure continues to decrease, indicated by low-volume bars. There's no reason to be bearish yet, but that could change at any moment. DISCLAIMER: This is not financial advice (NFA); please conduct...

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It looks like MFER is about to break out of a two-month-long falling wedge pattern. If the bulls take charge, this could lead to a significant price increase. Unlike many other artist coins, MFER hasn’t experienced a dump at every rally. Instead, it has built a strong range that supports future price action. Key points: - Support zones are highlighted in green. -...

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A successful escape from the demand zone (green box) with increasing volume, and sticking to the fib levels, we could see this shit test the supply zone (red box) in the next few days. The penguin theme meta is booming on Solana, and PENG is especially prepared for this since it's available to be traded on centralized exchanges. DISCLAIMER: The information and...

MysticMads

AMD is experiencing a breakout from the falling wedge pattern, which is a bullish signal. Currently, the stock is above its immediate support zone and ended the last trading session with a bullish harami candle. Although sell pressure seems unlikely given the current levels, keep an eye on the medium-term support zone to reassess your trading strategy if...

MysticMads

Everything explained on the chart. I think we see a new ATH in the next few months. Not financial advice.

MysticMads

Key Zones Supply Zone (Resistance) represented by the Red Box. The price has shown a clear rejection in this zone multiple times, indicating strong selling pressure. Demand Zone (Support) represented by the Green Box. Historically, this zone has acted as a strong support, suggesting buying interest in this area. Patterns and Trendlines RSI (Relative Strength...