Just 5 days ago we looked at the bearish potential for Bitcoin, " Bitcoin Entering ABC Correction | Altcoins About To BOOM! "
This potential remains intact.
We are likely to see lower prices in the days to come.
Just a correction before we resume massive strength and bullish growth.
We believe the Altcoins will do great while this correction is done.
ADA/USD forming a symmetrical triangle pattern.
ADA has been consolidating hitting lower highs and higher lows, considering the recent push in crypto ADA might give a breakout
Right now the price is consolidating between 2.2-2.1 USD and might break its all-time high after the breakout
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest...
Bitcoin closed a full bearish/red candle yesterday and today its price is moving below EMA10.
After a new peak/high, All-Time High, it is normal for a correction to take place...
So, where are prices ahead?
You can see additional details on the chart.
As Bitcoin corrects, the Altcoins grow
I am looking at mainly ALTSBTC but the altcoins market, in general,...
$SOL has pumped more than $ADA in this bull run. It might break its all time high and make a new high near 244.
The second possibility is that it might go till golden zone of the Fibonacci for a healthy correction, following the black trendline.
Let's be honest... This looks or not bearish to you?
We have a horrible weekly candle.
The weekly candle still has 24 more hours before it closes but as it is now it doesn't look good.
Above $63,000 on a weekly close would look way, way better and we wouldn't have a strong bearish signal in place.
As it looks now, it is not good.
If Bitcoin closes bearish...
* SHIBUSDT is BREAKOUT the falling wedge pattern, the beginning of an uptrend is expected from here.
*The price is trading ABOVE 21- MA as well as 50 MA, LOOK too bullish when ever its trade above the both MA's as well as downtrend.
TP1= @ 0.00003131
TP2= @ 0.00003920
TP3= @ 0.00005019
ETH has broken out in daily charts, as BTC and general cryptocurrency market is bullish.
We can enter ETH longs with SL below the previous trendline and target at all time high (Minimum Risk:Reward Ratio - 1:2).
ADA formed a PENNANT pattern in 4hr timeframe.
There is a major resistance at 2.32$. If it breaks the resistance ,
it will reach its All Time High.
If the support fails, it may test its previous support at 2.00$.
While it might seem a little far-fetched to imagine a meme token worth $3.43, if the fractal plays out like before, theoretically, DOGE could ascend to 361.8% Fibonacci extension level at $40.91.
Readers are advised to take this double-digit forecast with a grain of salt and remember that the key word is "theoretically."
Not Financial Advice