As I mentioned in the title , avax made cup and handle pattern and broke out the neckline , its need to get confirmation , after confirmation its well an opportunity to long from here .
and always crypto is volatile, before diving Do Your Own Research, This is Not a Financial Advice . pattern sometimes invalid due to volatile or Fundamental news or panic situation. Be careful.
The cup and handle pattern is a bullish continuation pattern. It indicates a temporary pullback followed by a renewed upward trend. The handle represents a period of consolidation before the price resumes its upward momentum. The pattern offers insights into market sentiment and potential price targets.
$ETH The cup and handle pattern is a bullish continuation pattern. It indicates a temporary pullback followed by a renewed upward trend. The handle represents a period of consolidation before the price resumes its upward momentum. The pattern offers insights into market sentiment and potential price targets.
sol made strong support level at $156 to $159. After reached price $206 sol made correction , sol made strong level above prices , And now sol is trading at $163 .
Before in my previous post told next update soon, I here . lets straight into chart .
Btc made falling channel and falling channel is bearish , But Now btc reject the support and respectfully trading within the channel. Now btc is moving towards the resistance at $117997, If this resistance will reject then once again we fall till the price at $112000. So I will give updates next soon .
$BTC Bitcoin is forming descending channel or falling channel in the four hours time frame . Lets go straight into chart.
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. The price moves within the channel up and down or sideways .
If the price breaks out of a trading channel to the upside, the move could indicate that the price will rally further. If the price breaks below the bottom of the channel, the dip indicates that more selling could be on the way.
Bitcoin dominance is the key role in the crypto market , As well as in the alt coins . Dominance made rising channel in the 1d chart and made high 66.03%, Which is recently reject.
What is the next ?
When Dominance is dropping altcoin moves in the up side .If Bitcoin Dominance breaks the support at 62, the mega altseason will start . Bitcoin Dominance may be drop from 62 to 50. This is huge an opportunity to crypto traders to gain profits . in this situation many altcoin will break its own ATH .
Most important thing its healthy , when Bitcoin rising at that time Bitcoin Dominance must dropping .
Do Your Own Research before diving . Not A Financial Advise
$SOL SOL $sol formed "W" pattern, also known as the double bottom pattern in the 4h time frame , which is bullish reversal pattern, indicating a potential shift from a downtrend to an uptrend. It signals that buyers are gaining strength and prices may rise.
This confirmed breakout indicates (pending -wait current candle ) a higher probability of a sustained uptrend, suggesting that the downtrend may be losing steam. To limit potential losses if the breakout turns out to be false, place a stop loss order below the neckline as per your risk management ratio. If price moves below the neckline pattern will invalid . Alert : Current candle must close above the neckline.
Bitcoin dominance is the key role in the crypto market , As well as in the alt coins . Dominance made rising channel in the 1d chart and made high 66.03%, Which is recently reject.
What is the next ?
When Dominance is dropping altcoin moves in the up side .If Bitcoin Dominance breaks the support at 62, the mega altseason will start . Bitcoin Dominance may be drop from 62 to 50. This is huge an opportunity to crypto traders to gain profits . in this situation many altcoin will break its own ATH .
Most important thing its healthy , when Bitcoin rising at that time Bitcoin Dominance must dropping .
Do Your Own Research before diving . Not A Financial Advise