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BAND: Inverse Head & Shoulders pattern spotted. 🚀💎BAND is exhibiting signs of CHoCH (Change of Character) and BOS (Break Of Structure) towards a bullish market structure. Additionally, it has formed an inverse head and shoulders pattern, which increases the probability of a reversal. 💎If BANDUSDT manages to break out above the neckline and resistant area of the inverse head and shoulders pattern, it could indicate a bullish move towards the next resistant levels. 💎In the event of a pullback, we can anticipate a bounce from the demand level. 💎However, if the price breaks down below the bullish demand level, it would be considered a bearish scenario. In such cases, it's advisable to ignore it and wait for better price action to form before making any decisions.
Long
by MyCryptoParadise_Nathan
🚀 ORDI Ready to Soar! 📈 Bullish Momentum Building! 💎 ORDI has formed an inverse head and shoulders pattern, which can also be interpreted as a flag and pole formation when zooming out the chart, thus increasing the probability of a bullish move. 💎 To confirm the bullish scenario, we need to see a breakout above the resistant zone, followed by a candle closing and retest for confirmation. In case of a pullback, we can expect a bounce from the bullish OB level. After the bounce, we can set targets for the next resistant levels. 💎 However, if ORDIUSDT breaks down below the bullish OB level, it would be advisable to wait for better price action to form before making any decisions.
Long
by MyCryptoParadise_Nathan
DOT: Bullish Momentum Supported by Breakouts and Patterns💎 DOT has found support within the support zone marked by the 0.618 Fibonacci level and has broken out of a descending channel pattern, forming a W pattern supported by the 200 EMA. Additionally, the price is displaying a Break Of Structure(BOS), further increasing the likelihood of bullish momentum. 💎If the price manages to break above the first resistance area, we can anticipate further bullish movement towards subsequent resistance levels. 💎In the event of a pullback, we may see a bounce from the bullish order block (OB) levels. 💎However, if the price declines below the support level, it could signal a bearish movement for DOT. Nonetheless, given the current bullish sentiment in the overall market, it would be prudent to align with the prevailing trend.
by MyCryptoParadise_Nathan
Ethereum is ready for a Positional Trade on Weekly tfHello Traders, Get ready to play a positional trade in ethereum on weekly tf. The correction was started from the levels of 4868 in Nov2021 and after 18 months of correction the ethereum is getting ready for an uptrend. Let's understand the technical data ema(20,50,200) - Buy ema(100) will act as a Resistance1 Level 2023 will act as a Resistance2 Breakout of the channel line. MACD - Bullish Crossover - Histogram is building momentum Bollinger Band - Squeezed The price confirms the uptrend on the breakout of 2023 level (Resistance2) The overall chart structure also shows the signals of an bull run. Thanks and keep trading Er. Simranjit Singh Virdi
Long
by ssvirdi