Due to the formation of a symmetrical triangle pattern we may expect a breakout in a few hours or days. There is many chances for a breakout to the upper side but there is still a little possibility for a breakout to the lower side of the triangle
BTCUSD is looking for long opportunity after DXY seems weak across the board & GOLD crashing this will play a big impact on cryptocurrency & expect to reach at the top after having descending channel formation on 4h & has forming consolidation to the continuation to the upside.
Due to the formation of a symmetrical triangle pattern we may expect a breakout in a few hours or days. There is many chances for a breakout to the upper side but there is a little possibility for a breakout to the lower side of the triangle
LUNA is the reserve currency of the Terra platform. The Terra protocol is a Proof of Stake (PoS) based blockchain wherein the miners are required to stake their Luna tokens to mine transactions. As the probability of a validator being able to mine the next Terra block is directly proportional to the staked Luna tokens, Luna holds key importance in the Terra...
BTC witnessed a volatile last week, from its low of $31K to close the week above $39.3K. On the weekly TF, it gained by ~9% and formed a Hammer candlestick pattern which depicts reversal is on the cards, mainly backed by positive news from El Salvador which have adopted BTC as a legal currency. At the time of writing, BTC is trading slightly above $40K.
Ethereum is one of the most accumulated and stored cryptocurrency in the world. Ethereum is always a hot cake and now it is showing the signal with respective to technical analysis that it is about to pump .
SUSHI >>> LOOKS TRIANGLE BO ....
IF BO SUSTAINS, GOOD FOR ENTRY ...(NEAR ~10.1)
TARGET 10.5 & 11.1
STRICT SL TO BE MAINTAIN IN CRYPTO TRADING
ALWAYS PUT - TAKE PROFIT & STOP LOSS IN YOUR TRADE
GO SHORT FROM MY ENTRY, WITH A SL AS GIVEN, AND TARGET AS CLEAN LOW(LONG WICK REJECTION), IF U SEE SOME SORT OF REJECTION OR RETRACEMENT FROM THAT ZONE U CAN EXTEND UR TARGET TILL YELLOW ZONE, SINCE IT HAS BEEN TESTED ONCE SO PROBABILTY OF HOLDING FROM THERE IS 50-50.
$BTC is currently trading around $36600 range and is a consolidation phase. Lots of backorders must have been placed in this range for both the sides.
- If symmetrical Triangle breaks to the upside with strong volume behind it, then we may find three targets around $42000, $47000, and $54000
- If it break downward, then there is not much support on the...