$BTC on support line but caution needed on longs. A | CRYPTO LIFE MNE on Binance Square

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$BTC on support line but caution needed on longs.
A Sucessfull breakdown leads major correction toward lower support levels!...
BTCUSDT
Perp
86,138.8
-2.91%

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$BTC Break Below the trendline support of "Ascending Triangle" pattern‼️ This is something not good for bulls. Support to watch : $85,000 To $82,000!...

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💰 Adding $POL to the Spot Bag‼️ The $POL weekly Relative Strength Index (RSI) is showing extreme oversold conditions, currently sitting at 16. This hints at a potential bottom and suggests a high probability of a bounce. Additionally, the price is consolidating near the lower Bollinger Band (BB). I am buying some and holding it in my spot bag, expecting a good bounce in the upcoming weeks. Potential Targets 🎯 $0.15 $0.20 (Approximation of the Middle Bollinger Band) For future long trades, you can wait for a clear breakout above the daily trendline resistance shown in the first chart below! $POL 👇

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$GUN Bullish breakout above "Falling Wedge" pattern on daily timeframe chart. Momentum is strong if $0.020 holds as a retest then we may see a continuation toward upper liquidity levels. 🎯 : $0.030 to $0.035 $GUN

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🚨 Many observers believe that $BTC is breaking below the support level of the "Ascending Triangle" pattern, and they see the current price action as a retest of that broken support, as shown in the first chart below. However, in reality, $BTC is still holding the pattern's support line! If we remove the parallel channel and draw a simple trendline that includes the wicks, the price is still above the support line and is showing a bounce from that level. Therefore, overall, $BTC is still trading within an Ascending Triangle pattern, which is typically considered a Bullish Pattern. Do not go short until the price clearly breaks below the recent swing low of $87,600 👍!...

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$HUMA strong breakout above Ascending Triangle pattern in daily timeframe 📈. Momentum is strong expecting continuation toward upper liquidity levels if the breakout holds strong. Potential Targets 🎯 $0.033 $0.035 $0.038 This is daily chart so it may take some time !...

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