Bitcoin is breaking through the horizontal supply zone and the Ichimoku Cloud barrier following a strong rebound from the support trendline of an ascending broadening wedge pattern.
Both the 21MA and 50MA are indicating bullish strength. A decisive candle close above the supply zone could confirm further upward momentum.
BTC Update: Wave 2 could be complete. The target for wave 3 is between 109K and 113K. However, pay attention to 107.3K. This is the 1:1 Fibonacci extension, and I suggest offloading some of your positions at the 107K mark. The RSI also shows a divergence, which is a warning sign that this uptrend is on its final leg. I expect a continuation as long as the price is above 90K. $BTC @TradePulse
Bitcoin has broken out of an inverse head-and-shoulders pattern with significant volume but is currently facing rejection just below the $100K level.
A potential retest of the breakout could coincide with filling the CME gap, while a successful break above $100K is likely to ignite another bullish rally.
The Ichimoku Cloud is acting as a strong support zone, reflecting sustained bullish momentum. Close monitoring of price action is crucial to confirm the next directional move.
LINK is currently forming an ascending triangle pattern. A breakout followed by a successful retest of the triangle's upper boundary would confirm a bullish trend. Conversely, a breakdown with a retest of the triangle's lower boundary would signal bearish confirmation.
The price pumped as expected after breaking out of the ascending triangle. It is now encountering resistance at the horizontal level. A successful breakout retest of this horizontal resistance would be a bullish signal. However, a rejection at this level might indicate another retest of the triangle. $ETC #TradePulse24
#PEOPLE is now trading around 0.460$. #PEOPLE exactly pumped after break out as we predicted. Those who have opened a long position as per our update will be in good profits (130% withiout Leverage and 1300% with 10xđĽ).
#IOTX is now trading around 0.048$. #IOTX has broken Down a Head and shoulder pattern on hourly time frame. So the Possible scenario is According to the pattern, we can see short term bearish momentum in it and we can see the price dump 15-20%. Stay tuned with us for further updatesâď¸
Coin: $ADA Timeframe: 4h Observation: Could see some reversal to the upside from here, forming a falling wedge pattern, downtrend, currently retesting a very strong horizontal level of support, hopefully it would be enough to break from above.? $ADA #TradePulse24
#CHR is now trading around 0.2960$. #CHR has broken down a symmetrical triangle on 4hr time frame which is a bearish sign. So the Possible scenario is According to the pattern, we can see a dump in this and the price may be dumped by 10-15%. Stay tuned with us for further updatesâď¸