1. Strong resistance of 5000 2. Ascending wedge formation 3. Bearish divergence WIll the bears make a come back ? 4800 TP1 4500 Tp2
Ape is retesting the 15 region support, which previously was retested and saw a huge bounce breaking the rising wedge. Now, 14-15 is a strong support region, if it holds, we can see a bounce to 20 again. Wait for the bulls and volume to show up to buy here
SOL broke above the 125 resistance region previously very strongly and now retesting it by forming a downtrend channel. It is a perfect opportunity for an entry if this holds and bulls break the short-term downtrend. Targets 150-160 if 125 region holds, if not we will test 100 support region again Let's see
APE is forming an ascending triangle Waiting for bulls to break the 15 region and buy on the retest
Ape got rejected at 15 region and is heading towards 10 as expected. It is in a downtrend Channel by creating lower highs and lower lows Wait until it reaches $10 region and the bulls to take over again by breaking the downtrend
Ada is trying to cut loose from BTC and is forming a symmetrical triangle near the Falling Wedge Channel Which way can ADA break? Ada has been silent after breaking the downtrend and needs to break away from BTC for major gains. Given that most Alts are pumping, I think it might have a slightly better probability of breaking higher. Let's see exciting week ahead
Major confluences 1. Strong Daily Bearish Trendline 2. Lost 4200 zone acting as resistance 3. Bearish divergence on MACD 4. possible h&S forming