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📈 Advanced Bullish Change of Character (CHoCH) Pattern Explained! 🚀
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🐉 Advanced Bullish Dragon Pattern – A Powerful Reversal Strategy 🚀
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#BITCOIN is currently trading within a rising wedge pattern on the 1-hour chart, a formation that often signals a potential breakdown if support fails. Understanding the Rising Wedge A rising wedge is a bearish pattern where price moves within a narrowing upward channel. It indicates that momentum may be weakening, and a break below support could trigger a larger correction. 📉 Resistance Line: Price struggles to break above the upper trendline. 📈 Support Line: A break below the lower trendline confirms a bearish move. Key Levels to Watch 🔹 Support Zone – 82,000 - 81,000: A break below this level confirms the wedge breakdown, potentially leading to 80,000 or lower. Losing this zone could bring increased selling pressure. 🔹 Upside Resistance – 86,000 - 87,500: If price breaks above the wedge, it could invalidate the bearish scenario and push toward 88,500 - 90,000. A high-volume breakout above this level would signal continued bullish strength. Possible Scenarios ✅ Bullish Breakout: A break above 86,000 invalidates the wedge, leading to upside continuation. Price needs to sustain above 87,500 for a strong bullish move. ❌ Bearish Breakdown: A break below 82,000 could trigger a move toward 80,000 or lower. Watch for increased selling volume as confirmation. #BTC is at a critical decision point—will bulls break out or will bears take control? #sol #VoteToListOnBainance #VoteToDelistOnBinanc #BNB
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#ETH 🚀 $ETH has been moving within a falling wedge on the daily chart, a bullish reversal pattern that often indicates a potential breakout. 🔍 Key Levels to Watch: 📈 Breakout Confirmation: Price must hold above 2,000 to maintain bullish momentum. 📈 Upside Targets: A confirmed breakout could drive the price higher toward 2,200 - 2,500 in the coming days. 📉 Support Zone: Maintaining 1,900 - 1,850 is essential for sustaining the breakout. A drop below this range may lead to further downside. A strong close above wedge resistance could confirm a bullish reversal. If #ETH faces rejection, it may retest support before making another breakout attempt.
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#bitcoin 🚨💥 Price rejected perfectly from the Monday high and the H1 iFVG. We’ve formed equal lows just above the H1 range low, suggesting a potential liquidity sweep. Watching for a move below the H1 range low to take a scalp long on H1/M5 if confirmations align. If the H1 range low breaks, the next target is the Monday low.#BTC☀
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