* Cardano rallied for almost 35% from it's major support, it is now trading between it's resistance near $1.3900 and a rising trend-line as it's support forming Ascending triangle. * Ascending triangle is considered to be either bullish or bearish pattern depend on the trend. * Currently the Cardano price is in a tight consolidation of the pattern, breakout on the...
* Cup and handle pattern is a bullish continuation pattern occurs during the bull run, it is said to be completed once it breaks the handle pattern with bullish move. * Helium in 4H time frame forms the cup and handle pattern, if the price breaks the upper trend-line of the handle with a good volume we can expect a healthy bullish move till $15.
* Rising wedge occurs when the price moves between two trend-line forming higher-highs and higher-lows. The lower trend-line works as support for the price and the upper trend-line as resistance. * Cake in 4H time frame forms the rising wedge pattern including with the support of 50 Moving average. * If the price breaks the lower trend-line we can expect a bearish...
* Ethereum is still in bullish rally but facing rejection from it's resistance at $3200. * Ethereum also forms a continuation pattern a ascending triangle, with the below trend-line as it's support and it's resistance at $3200. * In order to continue the bull rally Ethereum needs to break it's resistance.
* Golden cross is technical chart pattern which indicates upcoming major rally, it occurs on the chart when the short term Moving average (50 MA) crosses above the long term Moving average (200 MA). Thus we can expect a huge bull rally in Ethereum. * The inverse of Golden cross is Death cross.
* EURAUD in 4H time frame forms a Double top pattern which is a trend reversal pattern occurs during the uptrend. * It appears with two peaks at the top and with a neckline as it's support. The double top is said to be completed once it breaks it's neckline. * If EURAUD breaks it's neckline near 1.59400 we can expect a drop till 1.57900
* Kusama forms a double top pattern in 1H time frame,which is a trend reversal pattern. * The neckline near $210 is working as the support for the price. * If it breaks the neckline we can expect a drop till $204.
* Bitcoin in 1D time frame is forming a Expanding Channel, it appears like a reverse Symmetrical triangle. Moving between two broadening trend-line. * The above trend-line is resistance for the price, and the price is getting rejected everytime it test the resistance. * If the Bitcoin breaks the support of $35000 it can fall till it's major support, and if it is a...
* 50 and 200 Daily moving average in Ethereum forms Death cross, including the RSI indicating Overbought. * Death cross is technical chart indicator occurs during huge sell off, it occurs when the short-term moving average ( 50MA ) crosses below it's long-term moving average ( 200MA ). * The RSI overbought is considered when the indicator moves above 70, and the...
* Polkadot in 1H time frame forms a Head and shoulder pattern, with a neckline as it's support near $17.800 * The Head and shoulder pattern appears with 3 peaks, the 2 outside peaks are of smaller height compare to the middle one. It is a trend reversal pattern. * If the Polkadot price breaks it's neckline ( Support ) we can see a drop till $16.700, it is bullish...
* The sandbox forms a Symmetrical triangle pattern in 4H time frame, and it is a tight consolidation of the pattern. * Symmetrical triangle is a pattern where the price is consolidated between 2 trend-line and forced to breakout either side of the triangle. * It is known as the trend continuation pattern, breakout on the either side of the pattern can give a good move.
* Celsius is moving within the 2 major trend line forming a Falling channel pattern, with upper trend-line as it's resistance defending the series of lower-highs ( LH ) and lower trend-line supporting the series of lower lows ( LL ). * It is now in a consolidation near it's major resistance and a neckline ( support ) around $5.700. * If it breaks the neckline of...
* Bitcoin was trading below it's major resistance since the extend of bear market. * Now it breaks it's major resistance including the upper major trend-line, singles for the new bull market. * Bitcoin is heading towards the 2000 MA near $44000.
* Maker is in a consolidation between it's major resistance and the below trend line. * Every time the price touches the below trend-line it bounces back to it's resistance. * The 50 Moving average is now below the price as the support. Which previously was moving above the price. * The maker even forms a double bottom pattern ( trend reversal pattern appears )...
* Symmetrical triangle pattern forms when the price is consolidated before it is forced to breakout or breakdown of the pattern. * Matic in 1H time frame forms the symmetrical triangle pattern. * Breakout on the upper side of trend-line will be the continuation of the bullish move and if it breaks the lower trend-line it will be a trend reversal.
* Bitcoin gold forms a double bottom pattern which is a trend reversal pattern appears in bearish trend, between it's supply zone and and major resistance. * The previous demand zone is acting as the supply zone for the price. * The 50 Moving average is now working as a support below the price. * If the price breaks the supply zone with a good volume we expect a...
* Previously both the 200 MA and 50 MA were working as the support and resistance for the price. * But now the price is moving below the 50 daily MA and 200 daily MA, and they are about to form a Death cross. * Death cross is technical chart indicator occurs during huge sell off. * It occurs when the short-term moving average ( 50MA ) crosses below it's long-term...
* Stellar in 4H time frame forms a Triple top pattern which is a bearish reversal chart pattern that is formed after an uptrend. * It also forms a RSI bearish divergence, which is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. * If the price breaks the neckline of triple top pattern we expect a...