DASH Chart Pattern: On the Verge of a Possible Breakout?# KUCOIN:DASHUSDT Dash is consolidating for long after steep correction $273 USD to $ 223 for more than 2.5 months. It even touched the low of $144 USD.
On the daily chart, it has recovered significantly since then. As evident from the above chart, the consolidation seems to be coming to over as symmetrical triangle pattern seems to be completed.
The Rate of Change Indicator on both 9 days, 25 days and 45 days is above zero line which shows that momentum strength has started building up.
William’s Alligator lines is looking to converge smoothly and green candles have crossed this convergence of three lines. There is a good possibility that Alligator may wake up and open its mouth, which is a possible signal of price rise.
And most importantly, the Hurst Time Cycle line ( as shown by the white perpendicular line) has also fallen exactly at the place where three seems to be converging exactly at the same place signifying that time has come for a possible breakout.
So, on the Dash Chart, the platform is set and you should be looking for it.
On the hourly chart, #Dash has already given a solid breakout as evident from the chart.
Cryptotrading
Weekly BTC-USD(8th November)BTC continued its bullish momentum for the third straight week. After consolidating in the range of $60K to $64K in the previous weeks, it has given a fresh breakout and at the time of writing, it is trading around its ATH of $66K. BTC formed a bullish hammer kind of weekly candlestick pattern which depicts that bulls are going to dominate the charts in the coming weeks. The combined crypto market cap reached a new milestone by surpassing the $3 Trillion mark.
On the daily TF, after a brief consolidation for more than 14 days, BTC has given a fresh breakout and is currently trading very close to its ATH. On the higher side, the immediate hurdle is present at $67K. If we get a decisive breakout from this level, the next potential target would be 69.5K followed by 71.5K.
On the lower side, BTC continues to sustain above the level of $60K as none of the last 5 weekly candles hasn’t closed below this level which depicts that strong buying strength is present in this range. The nearest support is placed at $62.5K followed by the crucial level of $60K.
Weekly RSI is showing slight divergence with the price and is around its overbought zone of 70 which depicts that small corrections and cooldown periods can be expected on the way up. Majorly, the overall trend is positive and the small corrections can be a good opportunity to take new long positions.
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VET Important Levels VET/USDT important levels.
Support and Resistance zones
I'm a student, not qualified enough to give financial advice. Trade at your own risk.
Weekly BTC-USD(1 November)Bitcoin closed the October month on positive sentiment, it appreciated by ~40% and formed a strong bullish monthly candle with a new ATH of $66,999. However, on the weekly TF, BTC has been trading in a sideways trend in the range of $58K to $64K from the last three weeks. The overall structure is still looking positive and further buying strength is most likely to continue in the coming weeks, but small corrections or cooldown periods will continue to emerge as we move to the higher unchartered territories.
The recent rally is supported by institutional buying and not only by retail users and this can be seen by the fact that there is no major dump in the prices after making a new ATH. On the lower side, the nearest support is present at $59K followed by the major support at $55K.
As per the Elliott Wave formation, it seems BTC has already completed its third wave and is now on its way to complete 4th correction move, but the way it is sustaining above $60K, it seems bulls are in no mood to close the weekly candle below $60K which give quite a bullish outlook moving forward. On the higher side, the immediate resistance is present at $64K, once we have a decisive closing above this level, the next potential target would be $66K followed by $68.5K.
AI/USDT - Long PositionAfter breaking trend line resistance. Currently it's hovering in local resistance area. Once it breaks you can go long for a nice profit.
Always do you own research before investing!
Sol at ATH range. May fly after some consolidation.Sol at ATH range. May fly after some consolidation.
Bitcoin USDT price action analysisHere's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone.
This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally.
However, if the price crosses the 67K mark we can see the uptrend to be resuming again.
Happy trading :)
This is just for educational purposes.
BTC USD PRICE ACTION ANALYSIS. This is a weekly chart analysis of BTC. Yesterday in a sudden crash, BTC has broken the support trendline. But the confirmation for the downtrend will be the price breaking below the 41k level.
Until it breaks below the 41k, BTC may be in consolidation. If the price manages to bounce off the 41k mark after reaching it for support, add quantity in a long position.
If the fall continues, then go long at the demand zone. The target and stop-loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
ETH forming a good cup and handle pattern on weekly timeAny breakout above the neckline will give a big target.
We are still in uptrend! (BTCUSDT)BINANCE:BTCUSDT we have Higher-High and Higher-Low (1hr and 4hr), a textbook uptrend! So no need to panic sell. We might make a double or triple bottom at previous Higher-Low i.e $54400! But be careful and follow price action!
BITCOIN Trading Ideas !crucial levels to watch out ..............................................................
Shiba Cup and handle + Flag & poleAs you can see in the chart Shiba is forming both Cup and handle + Flag & pole pattern ... which it gave breakout on 15min chart
Weekly BTC-USD(4th October)BTC closed its monthly September candle in the red territory and formed a bearish Doji kind of candlestick after 2 consecutive monthly gains. However, BTC posted a strong green candle in the Weekly TF with 11.71% gains. BTC market dominance is continuously trading in a sideways trend for the last 4 weeks. At the time of writing, BTC is trading around $47,500.
On the higher side, the immediate hurdle is placed in the range of $49K-$49.5K. If it breaks this level decisively on the weekly basis, the next resistance is present at $51.5K followed by the $53.5K.
On the lower side, BTC has been trading in a range of $47K to $48.5K for the last 4 days, if the support of $47K is broken the next potential support is present at $45.3K.
Overall, on the larger TF’s, the trend is still sideways to bearish, however, once we get a decisive closing above $50K, then the trend will turn in favour of bulls. But, the breakout from the upper and lower level will confirm the direction of the trend.
BTCUSDT potential (60K TARGET) if we break 50k with level 2BTCUSD has been known to give 2 levels to the downside and 3 levels to the upside and we have already got 2 levels to the downside which tells we are going into mark up phase remember we have already completed level 1 and we could get a retrace to 4 hours 50 ema if market makers want to shake out some retail traders, we can easily breach 60k if we get 3 rises to the upside. Peace
CAN THIS BE THE LAST CHANCE TO BUY BITCOIN AT THIS PRICE?Bitcoin has taken a good support from the 0.5 fiboacci levels and is trying to break the trendline. Once it breaks the trendline BTCUSD has the potential to head to 48000 levels
