Formation of an ascending broadening wedge after a trough.
This type of pattern appears during the correction in a bearish movement, it is a bearish continuation pattern. Resumption of the bearish movement after correction.
Statistics of the ascending broadening wedge after a trough
- In 79% of cases, the exit is bearish.
- In 23% of cases, an ascending...
Ethereum looks bullish on a higher time frame and has crossed the resistance of 3100 levels.
It has closed above the level on daily time frame and is taking resistance form is 20 ema.
A nice morning star pattern is there on a daily time frame and trading between the moving averages.
On a 4 hour time frame the coin has given a "W" pattern break out with good...
Bitcoin is trading around a crucial fib level on a weekly time frame of 41390 (0.50 fib level).
It seems bullish on higher time frames of weekly as it has taken support form 0.382 fib level, for swing trades we can enter is a 4 hour candle closes above 41500.
On daily time frame analysis, it is forming a lower highs and lower lows and has given a cross over of...
Bitcoin is going to face pressure from two support lines that you can see on the chart and while people find a lot of correlation between S&P 500 Index Chart to that of bitcoin, we can assume that there's huge volatility across the global markets and not just cryptocurrencies.
I've drawn multiple scenarios for reversal without having an ambitious target like...
Ethereum has streched for contunues week
and changing the trend near the support
level.
Its taking support from the 20 ema on a
weekly time frame.
The price has tested the
support and has given a upmove.
On daily time frame too there is a bullish
momentum in the price as its taking support
from 20 ema and has given a cross over in
the moving averages.
Ethereum...
Ethereum has streched for contunues week and changing the trend near the support level.
Its taking support from the 20 ema on a weekly time frame.The price has tested the support and has given a upmove.
On daily time frame too there is a bullish momentum in the price as its taking support from 20 ema and has given a cross over in the moving averages.
Ethereum...
Bitcoin on a weekly analysis is forming an evening star chart pattern and is taking support. It is trading below its 20 ema and 0.382 fib levels.
On daily time frame, it has closed below is 20 and 200 ema and seems little bearish for short time fame as 4 hour time fame has given a moving average cross over.
It can retest its 20 ema on 4 hour time fame and fall...
last 2-3 weeks we seen huge buying in ETH coin, in upcoming months its going pump very hard.
entry and targets are given on the chart. Please Like and comment if there are any queries.
#bitcoin #altcoinseason #altcoin #altnews
wait for confirmation at important level atleast in 4hr and 1D timefram, take trade accordingly. Provided that, also go through long short ratio, cuz Whales always tries to liquidate retailers by taking opposite trade,
... suggest commodity/crypto for analysis, in comment
#ETH moved as said, price corrected in short-term as triangle pattern below below. Price took a bounce from the major support level of $3248 and now trying to break through the strong resistance zone. 4H TF candles are closed above but from strong bullish sentiment, we need to see a daily candle closing above.
Total 2 market cap gives a clear idea about how Altcoins can perform.
It's supports and resistance gives a clear indication when alts can pump and when it's time to exit.
As per the trend line shown, according to me after reaching the market cap of 1.35-1.4 T, the trend can break, retesting back to 1.2-1.25T which can significantly lead to alts dumping.
Till...
Upon observing we can count five waves up from the inception and a corrective fall forming LL LH from the top. The recent price action suggests that the correction is completed and the crypto is ready to move into the strongest phase of the cycle. If our assumption is correction then the low of 75 is going to be intact and the crypto will be moving up higher in...
ETH is trying to break the $3417 resistance area. If ETH able to break the $3417 level and give a candle above it then we see a move towards $4000. The support is $3248- area we might see a retest of this level if ETH rejected from here.
