WOO is testing a major downtrend line on the 12H chart. A clean break above this zone could trigger a 33%+ upside move. Momentum building โ watch closely! ๐
๐จ CRYPTO MARKET BREAKDOWN โ DEC 1 The month starts with BLOOD on the charts! ๐ป
โข BTC dumps below $86K โข ETH slides toward $2.8K โข Over $500M LONGS liquidated in early Asia trading โข Altcoins bleeding across the board โข China cracks down on stablecoins โ HK crypto stocks tank โข Risk-off sentiment crushing markets as Japan bond yields spike โข Fed ends QT โ liquidity could return soon ๐ โข Market now at a make-or-break zone for December
๐ฅ TL;DR: Regulatory pressure + macro fear = red market. But Fed liquidity + oversold levels = potential bounce incoming.
$ETH $BTC I guess it's time to pay attention to $SUPRA here
-98% discount from the December 2024 high and the project isn't dead.
$SUPRA is a high-performance MultiVM L1 blockchain backed by Coinbase Ventures & HTX Ventures
From the TA perspective, $SUPRA broke out of a Falling Wedge at the bottom & Historical Volatility hit the Support line. Prior two times it hit this Support $SURPA bounced +77% & +170%
This time $SUPRA can bounce even higher. I would target the April 2025 high of $0.0075 ๐ฏ
After days of consolidation, Ethereum looks ready to move โ holding strong above the breakout zone. A clean push above $3,900 could open the path toward $4,100โ$4,200 next! โก๏ธ
Massive accumulation spike coming in hot last week ๐๐ฅ
โข Price holding strong at long-term support โข Breaking out of a falling wedge pattern forming since mid-2024 โข Potential upside target: +933% if trend plays out ๐ณ๐
Smart money might be positioning earlyโฆ ๐ Are you watching $BRETT?
Ethereum is forming a Triple Bottom pattern โ a classic bullish reversal signal. ๐น Strong support around $3,700 ๐น Resistance near $4,300 ๐น Break above resistance could confirm trend reversal ๐
$ETH โSo you think $ETH will hit a new ATH, but #BTC won't? How is that possible?โ
Well, thatโs the pattern we see at the end of each cycle ๐โโ๏ธ ๐
Thereโs always a Bearish Divergence between $ETH and $BTC at the top of the cycle. Itโs called โliquidity rotationโ ๐ #Ethereum prints a Higher High while #BTC prints a Lower High.
$RECALL ๐ $RECALL 4H Chart Update Price is attempting to break out from the descending trendline after a period of consolidation. A move toward $0.54 (+34%) could be next if bulls sustain momentum. Watching for volume confirmation ๐