Technical Analyst 📊 Crypto-Educator Post are not a financial advise, Analysis on Crypto🌐 Analysis on BITCOIN 🌿#Bitcoin #Blockchain . Do Your Own Research
CRV is trading downtrend direction in the 4h time frame , If break this trend and retest the line , it will be have nice an opportunity to open a position, But be careful and wait for the break out and confirmation .
Do not take any action until the break out not happens .
$sol formed a double top pattern in the 4h time frame , Which is not completed yet as well as not confirmed . Lets straight into chart -
A double top is a bearish technical reversal pattern signaling a potential trend change (Don't forget we are in the bull run , sometimes come little corrections ) after an asset hits a resistance level twice without breaking through, indicating a potential shift from an uptrend to a downtrend ( May be some corrections here). This pattern, often a clue for traders to open a short or sell positions, IS confirmed when the price drops below the support level.
KEY NOTE- 1. Wait for breakout . 2. Wait for confirmation . 3. Don't take any action until the break the support . 4. Do Your Own Research before diving , #NFA
$ETH $eth Lets dive into chart . The chart shows a potential cup and handle pattern on the 4-hour time frame , WHICH IS PREPARING , NOT COMPLETYE YET. The "cup" is a U-shaped price movement, visible from the left side by Aug 25 to Sept 13 , where the price dipped to approximately $4,217 (low), then rose and consolidated around $4,774, (high). The "handle" appears to be forming after the cup's peak, with a slight downward consolidation or pullback (around Sept 13-22 preparing ) near the $4,410, level. This is a short-term correction, which is normal for the handle phase. The resistance level or neckline, is around $4,774, where the price will break out and testing. A successful break above this level with strong volume would confirm the pattern. The projected upside target is typically the height of the cup ,suggesting a potential target around $5,352. However, this depends on confirmation. The volume appears higher on the left side of the cup and during the initial breakout, which is positive. A volume increase on the handle's breakout would strengthen the signal. Caution: The handle is still developing, and the pattern isn’t fully confirmed until the price breaks above the neckline with a strong candle close. Current price is near $4,598. This analysis aligns with the cup and handle pattern's definition as a bullish continuation or reversal signal, BUT CONFIRMATION IS NEEDED.
A symmetrical triangle pattern is formed by two converging trendlines, one connecting lower highs and the other connecting higher lows, that create a triangle shape, which is indicating a period of market consolidation or a potential breakout or breakdown. This pattern is often seen as a continuation pattern, Traders use this pattern to identify potential entry and exit points, looking for increased volume and a confirmed close beyond the trendline to validate a breakout.
Trade Set Up -
1.Wait for a Breakout and Confirmation: Do not make any trading decisions until the price closes decisively outside of the triangle.
2.Increased Volume: A valid breakout or breakdown is usually accompanied by an increase in trading volume, confirming the price movement.
3.Price Target: The potential price target for the move can be estimated by measuring the height of the triangle.
4.Stop-Loss: Put a stop-loss Long- Belove the line (support) or Short-Above the line (Resistance) depend on break out .
Do Your Own Reassert before taking any action. Updates will soon....until don't forget to follow
Lets talk about COMP price movement , along with 4h time frame . COMP is consolidation phase from long time , Now major moves come into price action . Comp is trading between the two line , support and resistance . Before the break out of the given pattern , well opportunity to Long and Short , cause still the price is moving within the pattern , But always Do Your Own Research before diving into .
Still for the Long term trade opportunity, In recommend wait till the break out and confirmation . Do not long or short until the break out not happen either up or down side .
An ascending triangle pattern is a bullish continuation chart pattern .Two lines forming pattern which is a horizontal resistance line and a rising support trendline, indicating that buyers are gaining strength as they push the price higher while sellers are unable to break a consistent resistance level.
Trade set up Key Note :
Wait for a clear breakout above the horizontal resistance line.
wait for the confirmation with increasing trading volume .
Enter a long (buy) position after the breakout is confirmed.
Place a stop-loss below the most recent higher low or as your risk reward ratio.
Profit target is to measure the widest distance of the triangle ( beginning) .
An ascending triangle pattern is a bullish continuation chart pattern .Two lines forming pattern which is a horizontal resistance line and a rising support trendline, indicating that buyers are gaining strength as they push the price higher while sellers are unable to break a consistent resistance level.
Trade set up Key Note :
Wait for a clear breakout above the horizontal resistance line.
wait for the confirmation with increasing trading volume .
Enter a long (buy) position after the breakout is confirmed.
Place a stop-loss below the most recent higher low or as your risk reward ratio.
Profit target is to measure the widest distance of the triangle ( beginning) .
Exactly as I predicted . All target (short term) hit.
Daya11
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$ATH
Lets talk about ath in the 1 day time frame . Lets go straight in to chart .
Ath is trading at $0.03232 , and created strong support at $ 0.02528, meanwhile the RSI decline suggests some weakening in buying strength. Once ath will trading above 0.043 , its opportunity to change trend . Need some vallum to change the current trend . ath made bottom at $0.02528 .
Ath is forming double bottom or w pattern in the given time frame (Not complete yet ) . We should wait for volume.
✅ Long - $ 0.033
🚨 Stop Loss- $0.02528
🟢 Take Profit - $0.040, 50,59 ( Short term)
🟢 Take Profit - $0.090, 0.1+
Crypto market is high volatile , Before diving into Do Your Own Research
As I said in my previous post here , I come here along with new analysis in the 4h time frame .
Kindly request all of you read all post carefully , and mostly Do Your Own Research before taking any action , Because Crypto market is high volatile,
Lets go into chart , A falling channel pattern, also known as a downward ( descending) channel, is a bearish chart pattern in the Technical Analysis . In this pattern an asset's price moves between two parallel downward-sloping trendlines. The upper line connects lower highs, forming a resistance level, other side the lower line connects a lower lows, forming a support level. The pattern indicates a bearish trend.
BUT a price breaking above the upper resistance line can signal a BULLISH REVERSAL .
we see $Btc broke the upper resistance line that indicating Bullish Reversal .( But note -Every break out required confirmation and here we don't get yet.)
$BTC As I said in my previous post here , I come here along with new analysis in the 4h time frame .
Kindly request all of you read all post carefully , and mostly Do Your Own Research before taking any action , Because Crypto market is high volatile,
Lets go into chart , A falling channel pattern, also known as a downward ( descending) channel, is a bearish chart pattern in the Technical Analysis . In this pattern an asset's price moves between two parallel downward-sloping trendlines. The upper line connects lower highs, forming a resistance level, other side the lower line connects a lower lows, forming a support level. The pattern indicates a bearish trend.
BUT a price breaking above the upper resistance line can signal a BULLISH REVERSAL .
we see $Btc broke the upper resistance line that indicating Bullish Reversal .( But note -Every break out required confirmation and here we don't get yet.)
This is short message here , recently dump $btc bounced from the support at $106747 , which was I said before here. , what is next move of btc ? $112747 and $106747 is the resistance and support now . If btc breaks resistance, btc moves upside and btc breaks support, next drop comming . Do Your Own Analysis before Long or Short . Cryptocurrency market is highly volatile, be careful.
Recently I posted analysis of eth in the same time frame (4h). and this downtrend broke out .
First we talk about head and shoulder pattern - Eth made head and shoulder pattern and broke out , got confirmed . the target is $3817.
Second eth made double top pattern, which is also same here broke out and got confirmed . The target is $3494. Note : see my previous post , I explained Entry, SL and TP .