📊 Technical analysis. A classic tweezer pattern with divergence, rising volume, a bounce and breakout above the 200 MA on H1, as well as above the upper line of the descending channel.
📉 ALTCOIN $BAT — short during correction within the bullish channel
📊 Technical analysis
Volume capture in the liquidity zone and rejection from the upper boundary of the ascending channel. The H4 absorption candle and the bearish divergence on the RSI suggest a potential corrective move to the downside.
Bitcoin remains inside a broader descending channel and is currently facing resistance near the mid-range. A short-term pullback looks likely, as momentum shows early signs of exhaustion.
After this correction, if the price holds the lower support area, a renewed bullish move toward the upper boundary of the channel becomes possible.
🚨 ALTCOIN $PENGU — short setup on a corrective move
📊 Technical analysis: Price is bouncing down from a local high resistance zone, RSI shows overbought conditions, and a bearish engulfing candle has formed on the H1 timeframe.
A corrective wave structure is developing (potential 5th wave inside a Head & Shoulders–type pattern).
📊 Technical analysis. A double bounce from the EMA 200 below the descending channel trendline, accompanied by a bearish engulfing candle pattern on the H1 chart.
📊 Technical analysis. A head-and-shoulders pattern has formed due to overbought conditions and an RSI divergence on the H1 chart, with price trading below the descending trendline.