$bnb formed double bottom pattern in the 4h time frame , Here well an opportunity to open an position . Recently Grayscale filed #ETF ,its bullish momentum for the $BNB
Trade set up -
Long- $897
Stop Loss- $860
Take Profit - $823
Do Your Own Research before diving into trade , #NFA
$btc is trading at $89k level , which is the support now , But broke this and $btc is trading below , Very difficult situation here , Last time $btc tried to broke this resistance several time and after that succeed (89K).
Lets go to the chart , Here 4h chart and $btc made rising channel , which broke out down side . $btc reached first target 89k . Second target is 84k (The bottom of channel )
What is next ? $btc broke out without confirmation . That's why ,I think $btc moves upward first and after that continue its down trend . The confirmation target is $91k .
Do Your Own Research before taking any action . $NFA
Lets talk about XRP , XRP formed M pattern in the 4h time frame . The pattern broke out but confirmation is pending , Once we see confirmation a well an opportunity to Short from here .
Do not enter without confirmation . Do Your Own Research before any an action , #NFA .
The M pattern identifies a potential reversal from an uptrend to a downtrend and resembles the letter 'M' with two distinct price peaks of roughly equal height. These peaks are separated by a trough, indicating a temporary decline in price before another rise. The M pattern suggests that upward momentum is weakening and sellers are gaining control. The components of the pattern are –
First peak- Represents a temporary high in price, followed by a decline.
Neckline: A horizontal line drawn connecting the swing lows (valleys) between the two peaks. This line acts as a support level.
Second peak: A secondary price rise that ideally does not reach the level of the first peak, demonstrating diminishing purchase pressure.
Breakthrough: The bearish signal occurs when the price decisively falls below the neckline, suggesting a potential downtrend. {future}(XRPUSDT)
Lets talk about XRP , XRP formed M pattern in the 4h time frame . The pattern broke out but confirmation is pending , Once we see confirmation a well an opportunity to Short from here .
Do not enter without confirmation . Do Your Own Research before any an action , #NFA .
The M pattern identifies a potential reversal from an uptrend to a downtrend and resembles the letter 'M' with two distinct price peaks of roughly equal height. These peaks are separated by a trough, indicating a temporary decline in price before another rise. The M pattern suggests that upward momentum is weakening and sellers are gaining control. The components of the pattern are –
First peak- Represents a temporary high in price, followed by a decline.
Neckline: A horizontal line drawn connecting the swing lows (valleys) between the two peaks. This line acts as a support level.
Second peak: A secondary price rise that ideally does not reach the level of the first peak, demonstrating diminishing purchase pressure.
Breakthrough: The bearish signal occurs when the price decisively falls below the neckline, suggesting a potential downtrend.
A falling channel pattern in technical analysis shows a downtrend with parallel, downward-sloping support and resistance lines connecting lower highs and lower lows, indicating potential price movement within this channel, Recently broke out wait above the resistance line as a bullish signal.
A falling channel pattern in technical analysis shows a downtrend with parallel, downward-sloping support and resistance lines connecting lower highs and lower lows, indicating potential price movement within this channel, Recently broke out wait above the resistance line as a bullish signal.
A falling channel pattern in technical analysis shows a downtrend with parallel, downward-sloping support and resistance lines connecting lower highs and lower lows, indicating potential price movement within this channel, Recently broke out wait above the resistance line as a bullish signal.
$BTC $btc broke out the up word , All details given in the last post .
Daya11
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$BTC {future}(BTCUSDT) BITCOIN: 103K OR 72K ?
Read Carefully before any act .
$btc is forming a SYMETRICAL TRIANGLE pattern !
We have 4h chart for the analysis , lets dive .....
A symmetrical triangle is a neutral chart pattern in technical analysis showing market consolidation, formed by converging trendlines (one is as a resistance, and another is as a support) connecting lower highs and higher lows, indicating indecision before a breakout in the direction of the prior trend . It signals decreasing volatility as buyers and sellers reach in equal state , with traders waiting for a decisive price move above resistance or below support, usually confirmed by increased trading volume, to determine the next trend.
Key Characteristics: 1. Trendlines: An upper resistance line (downward sloping) meets a lower support line (upward sloping). 2.Lower Highs & Higher Lows: Price action creates a series of lower highs and higher lows. 3.Continuation Pattern: Often suggests the prior trend will resume after the breakout.
How it Works? Formation: The price moves between the lines (Consolidation).
Breakout: Wait for the price to the break through either the upper or lower trendline.
Volume Confirmation: A real breakout is depend on a significant increase in trading volume.
Price Target: Measure the height of the triangle at its widest point and project that distance from the breakout point to estimate the potential price target.
Bullish: Breakout above the top line, often continuing an uptrend.
Bearish: Breakout below the bottom line, often continuing a downtrend or signaling a reversal.
We have 4h chart for the analysis , lets dive .....
A symmetrical triangle is a neutral chart pattern in technical analysis showing market consolidation, formed by converging trendlines (one is as a resistance, and another is as a support) connecting lower highs and higher lows, indicating indecision before a breakout in the direction of the prior trend . It signals decreasing volatility as buyers and sellers reach in equal state , with traders waiting for a decisive price move above resistance or below support, usually confirmed by increased trading volume, to determine the next trend.
Key Characteristics: 1. Trendlines: An upper resistance line (downward sloping) meets a lower support line (upward sloping). 2.Lower Highs & Higher Lows: Price action creates a series of lower highs and higher lows. 3.Continuation Pattern: Often suggests the prior trend will resume after the breakout.
How it Works? Formation: The price moves between the lines (Consolidation).
Breakout: Wait for the price to the break through either the upper or lower trendline.
Volume Confirmation: A real breakout is depend on a significant increase in trading volume.
Price Target: Measure the height of the triangle at its widest point and project that distance from the breakout point to estimate the potential price target.
Bullish: Breakout above the top line, often continuing an uptrend.
Bearish: Breakout below the bottom line, often continuing a downtrend or signaling a reversal.