The price of $ETH is approaching the key level of $3,000. If the price holds the FVG 2h zone in the range of $2,920 - $2,940 during the correction, we will see an attempt to break through the key level. If the price successfully consolidates above $3,000, the upward movement will continue to the previous high.
🪙 Anime is another coin in the market with lots of hype on lower timeframe and as you can see price has just recently made a breakout above a long descending trendline. ✅
Now with a complex correctional pattern forming on the way up, the highlighted zone can be where wave (d) on the pullback can actually finish. 📌
🔹 Now keep in mind there is quite a lot of liquidity to be taken around our buy zone so make sure you are applying proper leverage for trading under this low timeframe. 🫥
Our diametric pattern is playing not too bad as price kissed the top of our buy zone and went up almost 10% to first target. 🏃♂️
Now those who trusted this insight, can book 50% and keep the rest for TP 2 in case we are already in wave G (Blue Scenario). 🎚️
Those who missed it, can try their luck in case there is another pullback because wave F might not have ended yet and we may see another pullback as well (Black Scenario). ✈️
$BTC Bitcoin is showing early signs of a bullish reversal as it attempts to break out of the descending triangle, a pattern that typically reflects prolonged selling pressure. This breakout indicates that sellers may be losing control and buyers are beginning to step in with stronger momentum.
For a solid bullish confirmation, BTC needs a candle close above the triangle. However, failure to hold above the triangle could result in a fake breakout and renewed consolidation. Until confirmation is achieved, price action around the breakout zone remains critical to watch.
$BTC Bitcoin is forming a bullish reversal candle while holding above the EMA 100 and the key trendline support. The weekly candle close will be crucial to watch.
A confirmed bullish reversal candlestick would signal the potential start of another upward leg in the market.