? Technical Analysis (1H Chart): The 1-hour chart of DOT/USD on Kraken shows a promising setup. After a prolonged downtrend within a descending channel, DOT has broken above the upper resistance trendline, signaling a potential trend reversal. The price is currently testing the $3.6946 level, with a key support zone around $3.6716 (recent low). If this support holds, we could see a push toward the next resistance at $5.252 (previous high), as indicated by the green target zone. However, a failure to hold $3.6716 might lead to a retest of the $3.500 support (red zone). Volume is increasing, supporting the breakout momentum. ? Fundamental Update: Polkadot’s network has been making strides with recent upgrades, including the rollout of Asynchronous Backing, which significantly boosts transaction throughput and scalability. This update strengthens Polkadot’s position as a leading layer-0 protocol for cross-chain interoperability. Additionally, rumors of a potential Polkadot ETF application have been circulating, following the success of Bitcoin and Ethereum ETFs. If approved, this could bring substantial institutional interest and capital inflow to DOT, further driving its price. ? Conclusion: With a technical breakout in play and strong fundamentals from network upgrades and ETF speculation, DOT looks poised for a bullish move. Keep an eye on the $3.6716 support for confirmation of the uptrend. What are your thoughts on DOT’s next move? Let’s discuss! ? #Polkadot #DOT #CryptoAnalysis #Trading #ETF
GBPCAD, since CAD has been extremely bullish lately, the price has dropped significantly, reaching a crucial buying level. Based on your analysis, you can take entry at two key price points. Have a great weekend. Much Love ? Team Setupsfx_
At the top of the chart, there is a liquidity pool that is expected to be swept soon. There are two bullish iCHs visible on the chart, along with a double bottom pattern. The descending trendline has also been broken. If the Key Level support holds, the price could move toward the red box area. A daily candle close below the Key Level would invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Just opened a scalp long position on shellusdt. I anticipate that the market will pump towards $0.1449 soon Time sensitive
BTC has formed a falling wedge pattern on the daily chart, indicating a possible bullish breakout. A clean break above the 0.618 Fibonacci level at $86,485 may trigger an impulsive move to the upside. Price is bouncing from wave (4) and challenging the descending trendline. RSI is recovering, suggesting renewed buying momentum, and MACD shows signs of a bullish reversal. Fundamental Factors Bitcoin remains supported by strong institutional demand and optimism around crypto ETFs. Expectations of lower interest rates and macroeconomic uncertainty continue to drive interest in BTC as a hedge. Meanwhile, on-chain data reflects accumulation, with exchange outflows increasing in recent sessions. Scenarios: Main scenario – breakout above 0.618 targeting $96,595 and $109,474, with a potential extension toward $125,842. Alternative scenario – pullback toward $79,384. If this level fails to hold, further correction to $72,283 and $63,497 is possible. The $79K level remains a key support for bulls.
? Price Action Overview: Asset: USDT Pair (Exact asset not specified, assuming it's a crypto token) Current Price: ~$2.99 Previous High: ~$4.08 Swing Low: ~$2.36 ? Chart Patterns & Structure: Rising Wedge (Bearish Breakdown) Formed after the impulsive rally from $2.36 to $4.08. Price broke down from the wedge, confirming bearish sentiment and starting a corrective phase. Descending Triangle / Falling Wedge (Potential Reversal) Price consolidating around the $2.8 - $3.0 region. A slight bullish divergence seen (explained in RSI section). ? Fibonacci Retracement Levels: Drawn from swing low ($2.36) to swing high ($4.08): 0.236: $3.58 0.382: $3.31 0.5: $3.10 0.786: $2.65 1.0: $2.36 (full retracement) Currently trading between 0.786 and 0.5 Fib zones, in a key support area. ? Support & Resistance Zones: Major Resistance: $4.08 (swing high) $3.58 - $3.60 (Fib 0.236) Current Resistance: $3.10 (Fib 0.5) $3.31 (Fib 0.382) Support Zone (highlighted purple): $2.80 (horizontal support) $2.65 (Fib 0.786) $2.36 (previous low) ? RSI (Relative Strength Index): Current RSI: 49.16 (Neutral zone) Key Observation: Bullish Divergence: RSI made higher lows while price made lower lows around April 7–12. Trendline Support on RSI: An ascending trendline suggests building bullish momentum. May hint at a short-term reversal or bounce. ? Potential Scenarios: Bullish Case: Bounce from $2.8-$2.9 support area. Break above $3.10 = likely push to $3.31 or higher. RSI breaking above 50 would confirm bullish momentum. Bearish Case: Failure to hold above $2.80 support. Breakdown toward $2.65 or even $2.36 (swing low). RSI dipping below the rising trendline = loss of bullish strength. ✅ Conclusion: Currently in a critical demand zone. Early signs of a bullish reversal forming (thanks to RSI divergence). If buyers hold $2.80 and push past $3.10, a short-term uptrend is likely. Watch volume + RSI for confirmation.
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The market is forming two compression triangles at once (1 hour time frame) — a large one, with a smaller one sitting on top. Price has already broken out above the trendline and just completed a clean retest. ? Momentum is building fast. ? 88,000 could be on the horizon. Are you ready for what’s coming next? ? The analysis provided reflects personal opinions only and does not constitute investment advice. #Bitcoin #Breakout #RioTrading
Following this 30% pullback into the 2020 opening price support, this will take out the 2022 lows, find support at the COVID highs and bounce. 60,000 is the measured move from 2020 open to 2024 highs. Expect some resistance there. Price support of 31,000 After further thinking, I don't think price will return to 2018 open as I previously thought. Instead just down to 2020 open. https://www.tradingview.com/x/sstJmVFi/ https://www.tradingview.com/x/xwGmTioq/ I have projected the 2025 Open because this will become support in the future after price starts retracing off of 60,000 Another key support area is the 50% range from 46,000-31,000 at 38,750 https://www.tradingview.com/x/IZHz0qY2/
? TSX:ATH showing bullish divergence! A bounce could trigger a strong move up. Retweet if you're bullish