Cryptocurrency
FTM 4H TF Analysis FTM has broken the accumulation range on 4H TF. We can expect the targets as shown on chart.
BTC/USD - Weekly OverviewBitcoin continued its positive momentum in the past week as the YTD gain reached approximately 40%.
On the Fibonacci retracement table, BTC price level had entered the resistance zone which is above 0.786 FIB level.
Considering the technical indicators, Bollinger bands has contracted its width which suggests a potential consolidation or profit-booking momentum. The MACD level has also started to form red bars on the histogram while the levels look vulnerable for a negative crossover.
Overall, if the bulls are able to sustain the ongoing positive momentum, BTC will test the resistance present at $25K and $27K. However, if we witness a considerable profit booking momentum, support levels can be placed at $22K and $20K.
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matic bullishcreating a base just below strong resistance ..
can be a good buy abv 1.05
and good for investing also
Axie Infinity Token Unlock (January 2023)The chart highlights the price performance of Axie Infinity (AXS) in the past couple of days amid the token unlocking. It could be clearly noticed that before the token unlocking actually took place, there was positive sentiment for the AXS token. However, after the unlocking, there has been significant selling pressure which brought the price level down from its current year ATH of approximately $14.00 to the current recorded price of $11.20.
This might indicate that Axie Infinity is currently facing the second and unwanted case of token unlocking explained earlier. This means there is less demand for the token as compared to its circulating supply in the market.
HEAD AND SHOULDER PATTERN (SELL SIDE)SELL: 382 to 373
TARGET : 320
Reason For Selling This Script :
In this script it has formed head and shoulder pattern in in monthly time frame. Once this price close below the 320 in monthly time frame and then try sell. Waiting for neckline breakout.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
XABCD PATTERN BUY : 152 TO 123
TARGET : 274
Reason For Buying This Script :
In this stock it has broken the double bottom neck line. Once price close above 274 and the next target up to 396.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
$KNC Analysis on DailyAfter reversing from bottom $KNC has retested Daily support zone, and if you look at Weekly TF you will see a rally straight up to $1.20 can be expected.
Volume is incoming, only if market sustains the choppy sideways and do not take drastic turn we can expect the target hit soon.
BTC/USD - Weekly OverviewThe world’s largest cryptocurrency has maintained its positive momentum since the start of the year and generated approximately 36.83% YTD returns.
On the chart, two areas are marked representing the resistance zone and sustainability zone, respectively. The current price action of BTC suggests that it will be targeting a positive breakout above the resistance zone placed above the 0.786 FIB level.
However, the bullish engulfing candle which led to the breakout above 0.618 FIB level suggests that Bitcoin needs to spend some time in the sustainability region to formulate potential support zones. Having another bullish momentum on the current build-up might lead to volatile profit booking momentum which might deteriorate previously gained returns.
The technical indicators including MACD and RSI are sustaining on bullish levels as RSI is in the overbought region for most of 2023. The MACD continues to form green bars on the histogram.
Overall, the resistance level for BTC will be at $23K and $25K. Whereas, if profit booking momentum comes into action, support levels can be placed at $21K and $20K.
UNISWAP USDT CRYPTOUNISWAP CRYPTO
A super triangle breakout @ ace point with trendline breakout and retested already.and also creating a gartley harmonic pattern @ bottom with morning star .also break and close above inside bar
buy above 6.961 add more if get @ 5.36 closing stoploss 4.697 below target 12-15
BITCOIN Poised for Next Bull RunOn Weekly Basis:
BITCOIN completed its correction from peak USD 69000 to 15500 in its Grand Wave. There is a support at 19160 on weekly charts when it made a peak in December, 2017 and also paused in June, 2022. Though it broke briefly at 15500. Grand Wave Correction 1, 2, 3, 4 and 5 is over in Bitcoin. Bear cycle looks like, it is over. First break out has happened by breaking away from downward trend line. One can be cautiously optimistic and it provides a good choice to buy at current level with a target of 31000. There is a chance of golden cross over happening at 200 DMA. It has come out of deep oversold position to neutral zone. RSI was deeply oversold in July'22 before showing the signs of bottoming out in November'22. Now it has broken the downward trendline and 200 DMA convincingly. Strong pullback or beginning of new Bull market is possible.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
Cardano RSI Bearish Divergence at Resistance ZoneADA/USDT is near resistance price is making higher high, while the RSI is making lower high which is clear sign of RSI Bearish Divergence. We can take short position once price breaks below the support with strong bearish candle. target will be the next support zone. stoploss above the swing high.
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