TVC:XAU #Gold charts have formed this massive Ascending Channel on a daily timeframe. If it breaks to the downside it might retest the Golden Zone ($2209-2156).
DOGE/USDT (DogeCoin) is in a descending channel, but also shows a head and shoulders pattern. I’m sticking with the descending trend, as I'm not a fan of H&S structures. If DOGE keeps dropping, it might retest the support zone around $0.10521 from a larger timeframe. Keep an eye on this channel!
ENJ/USD (EnjinCoin) has formed a Descending Channel Pattern. Currently, at the bottom, it has created a higher low (HL), indicating a strong potential for a breakout through this channel. Following a successful breakout, I expect the price to retest the $0.3580 and $0.4530 levels.
FLOKI/USD has formed a descending channel (pattern) and still holds at a potential support zone. Waiting for a breakout! This setup will be invalid if we don't see a clean breakout and the price continues to decrease further.
CHZ/USD (Chiliz) formed a SPICY Rising Wedge Pattern and also many other Altcoins formed a bearish market structure. There is a probability of seeing a downside movement again. If it plays out, my target would be $0.09311 for the previous daily support zone. It’s time to turn on my red candles again to feel that bearish vibe lol.
CRYPTOCAP:ADA #Cardano has formed a descending channel on an 8H timeframe. I almost forgot about this project. Waiting for a breakout in any direction. Hoping the price will break to the upside, and we'll be able to retest $0.55. Keep an eye on this setup. Any scenario is possible.
NDQ100 Nasdaq has formed the same pattern we saw last year (2023) before a massive rally, a beautiful descending channel. This doesn't guarantee an immediate breakout to the upside, cause I see a potential downward movement. If NDQ crashes, it could have an impact on the crypto world.
#Bitcoin & #Ethereum are both in descending channels, forming a downward trend. Compared to previous scenarios with money flow on the 1D, it seems they're trying to reverse to the upside. BUY/LONG positions could become available if, on a macro level, we see a higher low that could potentially retest the top of these channels. According to the market structure,...
PHA/USD (PhalaNetwork) has broken out to the upside from a falling wedge pattern on the 12H timeframe. I'm looking for a breakout through this local resistance box. If it breaks through, my potential targets are between $0.2659-$0.3145. Keep an eye on this setup.
BNB/USD (Binance) is still forming an ascending triangle pattern, with huge potential to break its all-time high level. The ATH price is around $692.6. Am I right? After crossing this line, it will start exploring new price targets in that uncharted territory.
DYM/USD (Dymension) has formed a massive descending channel, and at the very bottom, I've spotted a falling wedge pattern. There's huge potential that ASX:DYM is bottoming out, and after a full breakout, we can expect to retest the $4.65 level (the top of this channel).
ONE/USD (Harmony) is trading within a descending channel. There's a significant chance we'll see a retest at the top of the channel (resistance). While the price consolidates in the channel's mid. range, my next targets would be those 2 supply zones: $0.02195; $0.02590. Keep an eye on this channel.
JUP/USD (Jupiter) confirmed that it formed a rising wedge pattern. Waiting for a clean breakout. My price target after a clean breakout would be $1.21; $1.39, etc. those massive supply zones IYKYK.
MYRIA has formed a beautiful descending channel. If this is confirmed (HL), there is a probability of seeing a breakout and a potential move to the upside. My price target would be that golden Fib. zone around $0.0092-$0.010. Keep an eye on this channel!
RAY/USD (Raydium) formed an ascending channel on the 1D chart. Expecting a movement to the upside again after touching the bottom of this channel or breaking through this downtrend. Be Aware! If we break this channel to the downside, there is a probability we could see an even lower price on it.
SOL/USD (Solana) is currently in a descending channel. Hoping to see a potential upward move and a breakout from this channel. After a clean breakout, my next targets are $159; $173; $196. However, this doesn't mean we can't fall to our next support level if there's a bigger drop in price.
JUP/USD (Jupiter) might be gearing up for a potential rise. On a higher timeframe, it has formed a potential falling wedge pattern. However, as illustrated in my analysis, we could still see a lower price. The next support zone is around $0.7218. Keep an eye on this setup.
XAU/USD was rejected from the golden zone as expected, but there were no fakeouts, contrary to what I thought. Currently, it has formed a bearish flag. There's a possibility it could retest the $2292.00 price level by continuing to move downward.