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Chintai: Basic Chart Patterns
The first pattern (green) is an ascending channel which envelops an uptrend, rising prices. Higher highs and higher lows. Also, a perfect 1,2,3,4,5 sequence, a bullish impulse.
In-between the rising channel there is a period of consolidation, producing a bull flag (blue). The bull flag is a bullish continuation pattern, so prices continue rising.
The end of this uptrend starts an ABC correction (red) and within this correction we have also a double-top (red). Notice that the double-top doesn't necessarily have to be at the same resistance level but only close to be valid.
Wave A starts 17-December 2024 and ends 13-Jan. 2025.
Wave B starts where wave A ends, and ends 4-Feb. 2025.
Wave C starts 4-Feb. and ends either on the "left shoulder" of the next pattern or the "head." 10-March or 7-April. We take 7-April to be the end of wave C and the classic ABC correction.
Even before the correction ends, early reversal signals start the next pattern which ended up as an inverted head and shoulders (orange).
The neckline of the iH&S has already been broken giving us a strong bullish signal. This breakout is support by rising volume.
These are some of the most common patterns and can be used to read charts.
These patterns can be used in combination with other signals. Moving averages, oscillators, the volume indicator and candlestick reading. When coupled with the market cycle you can end up with a pretty accurate analysis.
Namaste.
In-between the rising channel there is a period of consolidation, producing a bull flag (blue). The bull flag is a bullish continuation pattern, so prices continue rising.
The end of this uptrend starts an ABC correction (red) and within this correction we have also a double-top (red). Notice that the double-top doesn't necessarily have to be at the same resistance level but only close to be valid.
Wave A starts 17-December 2024 and ends 13-Jan. 2025.
Wave B starts where wave A ends, and ends 4-Feb. 2025.
Wave C starts 4-Feb. and ends either on the "left shoulder" of the next pattern or the "head." 10-March or 7-April. We take 7-April to be the end of wave C and the classic ABC correction.
Even before the correction ends, early reversal signals start the next pattern which ended up as an inverted head and shoulders (orange).
The neckline of the iH&S has already been broken giving us a strong bullish signal. This breakout is support by rising volume.
These are some of the most common patterns and can be used to read charts.
These patterns can be used in combination with other signals. Moving averages, oscillators, the volume indicator and candlestick reading. When coupled with the market cycle you can end up with a pretty accurate analysis.
Namaste.
7 altcoins that are seen as favorites in the new year.
Pendle (PENDLE)
One of the stars of the RWA category that will mark 2024, PENDLE has a market value of $644 million. $PENDLE , which has increased by 8.26 percent in the last 24 hours, is trading at $3.96 as of writing.
Aave (AAVE)
$AAVE , the cryptocurrency of the decentralized finance protocol Aave, closed last year with an increase of almost 200 percent. AAVE, which stands out from other decentralized finance projects with a market value of $4.15 billion, lost 6.88 percent in the last 24 hours and is changing hands at $276 as of writing.
Chainlink (LINK)
A blockchain abstraction layer designed to facilitate the transfer of smart contracts Chainlink's cryptocurrency LINK is among the analyst's favorite altcoins. $LINK , which has lost 6.5 percent in the last 24 hours, has a market value of $12.3 billion.
Chintai (CHEX)
The market value of #CHEX , the native cryptocurrency of another RWA project Chintai Network, is $356 million. CHEX, which has lost nearly 10 percent in the last 24 hours, aims to provide liquidity to tokenization applications on the network.
Baby Shark Meme (BABYSHARK)
The market value of #BABYSHARK , one of the memecoins traded on the Solana network, has reached $118 million. BABYSHARK, which has been on a horizontal course in the last 24 hours, has a dynamic community, especially on YouTube.
Gigachad (GIGA)
The market value of #GIGA , another memecoin operating on the Solana network, is $647 million. GIGA, which lost 5.67 percent in the last 24 hours, increased by 31 percent last month.
ai16z (AI16Z)
#AI6Z , which has no connection to the crypto sector's leading venture capital fund A16Z and was launched with the help of artificial intelligence assistants, one of the popular categories of the last period, reached a market value of almost 1.5 billion dollars in a short time. The famous memecoin, which lost 25 percent in the last 24 hours, is changing hands at $ 1.37.
Pendle (PENDLE)
One of the stars of the RWA category that will mark 2024, PENDLE has a market value of $644 million. $PENDLE , which has increased by 8.26 percent in the last 24 hours, is trading at $3.96 as of writing.
Aave (AAVE)
$AAVE , the cryptocurrency of the decentralized finance protocol Aave, closed last year with an increase of almost 200 percent. AAVE, which stands out from other decentralized finance projects with a market value of $4.15 billion, lost 6.88 percent in the last 24 hours and is changing hands at $276 as of writing.
Chainlink (LINK)
A blockchain abstraction layer designed to facilitate the transfer of smart contracts Chainlink's cryptocurrency LINK is among the analyst's favorite altcoins. $LINK , which has lost 6.5 percent in the last 24 hours, has a market value of $12.3 billion.
Chintai (CHEX)
The market value of #CHEX , the native cryptocurrency of another RWA project Chintai Network, is $356 million. CHEX, which has lost nearly 10 percent in the last 24 hours, aims to provide liquidity to tokenization applications on the network.
Baby Shark Meme (BABYSHARK)
The market value of #BABYSHARK , one of the memecoins traded on the Solana network, has reached $118 million. BABYSHARK, which has been on a horizontal course in the last 24 hours, has a dynamic community, especially on YouTube.
Gigachad (GIGA)
The market value of #GIGA , another memecoin operating on the Solana network, is $647 million. GIGA, which lost 5.67 percent in the last 24 hours, increased by 31 percent last month.
ai16z (AI16Z)
#AI6Z , which has no connection to the crypto sector's leading venture capital fund A16Z and was launched with the help of artificial intelligence assistants, one of the popular categories of the last period, reached a market value of almost 1.5 billion dollars in a short time. The famous memecoin, which lost 25 percent in the last 24 hours, is changing hands at $ 1.37.
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