EGLD/USDT ON DAILY CHARTAlong with ETH & BNB COIN, we also posted about EGLD forming same bullish continuation pattern on daily time frame. Target achieved. Halley trading.
Cryptotrading
ETHEREUM ON DAILY TIMEFRAME.We shared this analysis on 3rd April. ETH had formed Bullish pennant & with a good breakout its sustaining up. Half way through.
BTCUSD Inverted Head and Shoulders. Target 67000An unmistakable inverted head and shoulders pattern is developing on daily, which is to be confirmed by a breakout past the neckline at 59000 accompanied by a surge in volume.
Target from this breakout roughly corresponds with 1.618 Fibonacci extension level of 67000.
NEM BREAKOUT NEARINGNEM BROKE THE Parallel channel indicating the end of its sideward movement after a huge downfall.
Broke it's earlier downtrend and is gaining momentum. Chances are it'll break it's all time high .
ENJIN BREAKOUT COMING SOONEnjin is following an uptrend triangle formation. and getting strong on RESISTANCE. it is going to breakout soon........
BTT/USDT ON 30 MINS CHARTAfter a good rally, BTT is now having a correction near Fibonacci 61.8% level and forming a FLAG & POLE pattern. Wait for the breakout of pattern for long positions. If BTT doesn’t sustains near 200 ma and break 61.8% Fibonacci level we can look for short setup.
Ethereum on one day chart.ETH/USDT has been trading above 200 ma and formed a bullish pennant pattern.
Bullish pennant price pattern is uptrend continuation pattern & Ethereum broken the resistance level with good increase in volume. Those who are already in position or planning to enter can enter which half quantity and later see if ETH is retested this pattern. If it does, we can add some more quantity. Trade safe.
AKRO-USDT(Ascending Triangle Breakout)Akropolis, an Ethereum based DeFi protocol that offers a suite of products such as AkropolisOS- a framework for developing for-profit DAO, Sparta- a platform for uncollateralized lending, and Delphi- a yield farming aggregator.
Since Feb 4, AKRO has been trading in an Ascending Triangle and has given a decent Breakout from the pattern today(31st March).
The support to the lower side is present at $0.07 while it is most likely to give the targets of $0.1 .
BNB-USDT(Symmetrical Triangle Breakout)Binance being the world’s largest crypto exchange with a total of 15 mn users and a daily average trading volume of around $12 Bn has also developed its smart contract infrastructure “Binance Smart Chain” to solve the major bottleneck of Ethereum that is its insane gas fees.
BNB after hitting its all-time high of ~$348 has been consolidating to date.
On 4 Hr Time Frame, BNB is giving a decent breakout from the Symmetrical Triangle formation and seems elated to continue its journey to new highs.
The support is present at $274 while BNB seems well-positioned to continue its rally to $360.
