$ALCH – Triangle Breakout Watch!
BYBIT:ALCHUSDT
After weeks of tight consolidation, Price has finally broken out of the symmetrical triangle on the 1Day chart! 📈
This could be the ignition spark for a new bullish leg.
📊 Technical Overview:
🔹 Structure: Symmetrical Triangle
🔹 Breakout Zone: ~$0.154
🔹 Previous Resistance: $0.160
🔹 Key Highs: $0.17 → $0.20 → $0.24
This move shows increased bullish momentum and volume at breakout — a strong continuation pattern!
🟢 Resistance Zones:
• $0.160 – immediate test
• $0.175 – mid-May peak
• $0.200 – psychological mark
• $0.240 – local high
🔴 Support Zones:
• $0.140 – triangle top retest
• $0.130 – breakout invalidation
• Sustained move above $0.160 = bullish continuation
• Triangle retest could offer strong entry zones
#ALCH is waking up after months of compression — eyes on volume and follow-through! 🚀
ALCHUSDT.3L trade ideas
#Dogecoin is forming a clear Head & Shoulders pattern on the 2Hr#Dogecoin is forming a clear Head & Shoulders pattern on the 2Hr timeframe — a classic bearish reversal structure that’s now testing the neckline around $0.216 🧐
🔹 Left Shoulder: ~$0.255
🔹 Head: ~$0.287
🔹 Right Shoulder: ~$0.250
🔹 Neckline: ~$0.216 – currently under pressure!
A confirmed breakdown below this neckline could trigger further downside momentum unless bulls step in quickly.
🟥 Support Zones:
$0.216 – neckline support
$0.208 – previous demand zone
$0.192 – strong horizontal support
🟩 Resistance Zones:
• $0.230 – short-term barrier
• $0.245 – right shoulder zone
⚠️ Outlook:
Break below $0.216 with volume = bearish confirmation
Bounce from neckline = potential fakeout & relief push
This is a make-or-break moment for CRYPTOCAP:DOGE . Stay sharp! 👀🟩 Resistance Zones:
• $0.230 – short-term barrier
• $0.245 – right shoulder zone
⚠️ Outlook:
Break below $0.216 with volume = bearish confirmation
Bounce from neckline = potential fakeout & relief push
This is a make-or-break moment for CRYPTOCAP:DOGE . Stay sharp! 👀
BINANCE:DOGEUSDT
ALCHUSDT'S CLIMB - PUMPING STRONG, RESISTANCE AHEAD!Symbol - ALCHUSDT
Despite the prevailing bearish sentiment across the cryptocurrency market, ALCHUSDT stands out as one of the few assets demonstrating relative strength. However, the sustainability of this momentum remains uncertain, particularly in the face of upcoming resistance levels.
Currently, a consolidation pattern is forming just below the breakdown threshold on the intraday timeframe, indicating a potential readiness for continued upward movement within the current distribution phase.
A confirmed breakout above the 0.1590 resistance level is expected to trigger further bullish momentum, with the next key target situated in the liquidity zone around 0.1770. However, due to the strength and significance of this intermediate resistance, a false breakout and subsequent pullback-potentially towards the 0.1590 level or the 0.5 Fibonacci retracement - should be anticipated.
Key Resistance Levels: 0.1590, 0.1770, 0.2300
Key Support Levels: 0.1516, 0.5 Fib retracement
The current distribution phase has already seen a 53% expansion since breaking above consolidation resistance. By the time price approaches the 0.1770 level, this could extend to approximately 77%. At that point, the market may have exhausted much of its bullish potential, increasing the likelihood of liquidity absorption above 0.1770 and a subsequent reversal or correction.