🎓 For beginners: Candlestick Patterns – The Bullish Engulfing
A Bullish Engulfing pattern occurs when a small red candlestick is followed by a larger green candlestick that completely "engulfs" the red one. This pattern often indicates a potential reversal from a downtrend to an uptrend.
How to Use It:
Look for this pattern at the end of a downtrend.
Confirm with increased trading volume.
Use it in conjunction with other indicators like RSI or MACD for better accuracy.
Recognizing candlestick patterns can enhance your trading decisions. $XRP
📈 ETH Breaks Above $2,300 – Watch for Continuation Patterns
Ethereum (ETH) has surged past the $2,300 mark, currently trading at $2,350+ reflecting a significant upward momentum. This rally is supported by bullish candlestick formations observed on the daily chart, indicating strong buying pressure.
Tip: Monitor for continuation patterns such as bullish flags or ascending triangles on shorter timeframes. A breakout above these patterns could signal further upward movement. However, remain cautious of potential long-legged doji formations, which may suggest market indecision.
Always combine candlestick analysis with other indicators like volume and RSI to confirm trends.#CryptoComeback $ETH
📌 Outlook: Bullish momentum is building. Analysts see short-term targets of $1.30, with potential to reach $4+ mid-term if DeFi and Layer-2 adoption continue. Watch for a breakout above $0.35.
XRP is maintaining bullish momentum, holding above the $2.10 support level. The recent breakout above $2.00 has been sustained, with the price approaching the next resistance at $2.25. Increased trading volumes and positive market sentiment suggest potential for further gains.
🔹 ADA (Cardano)
Current Price: $0.7127 USD
24h Change: +0.0281 (+4.02%)
Intraday Range: $0.6567 – $0.7136
Cardano has experienced a significant rally, breaking through the $0.70 resistance. The surge is attributed to renewed investor interest and positive market dynamics. ADA is now targeting the $0.75 level, with support at $0.70.
💡 Key Takeaways
Both XRP and ADA are exhibiting strong bullish trends.
XRP is approaching critical resistance at $2.25.
ADA has broken key resistance levels, indicating potential for continued upward movement.
Monitor market volumes and broader crypto market trends for potential reversals or continuation patterns.
Bitcoin is trading at $99K+, approaching the critical $100K resistance. This level has historically triggered significant sell-offs. With over $3 billion in short positions at risk of liquidation, a breakout could be explosive .
Tip: Consider setting tight stop-losses and taking partial profits as BTC nears $100K. Always manage risk, especially at key psychological levels.