Ethereum Weekly Analysis: Inverse Head and Shoulders Pattern in Play Ethereum (ETH) is displaying a textbook inverse head and shoulders pattern on the weekly time frame, signaling a potential bullish breakout ahead. Here's a detailed look: ? Pattern Structure: Left Shoulder: Formed around mid-2024 after an initial dip and recovery. Head: A significant deeper low around late 2024, marking the pattern's base. Right Shoulder: Currently forming with a higher low, completing the structure. ? Neckline Resistance: The yellow horizontal line at approximately $4,000 marks the neckline resistance. A confirmed breakout above this level could validate the pattern and signal a bullish trend continuation. ? Measured Move Target: The projected upside from the breakout is approximately $7,800, calculated by measuring the distance between the head's low and the neckline and extending it upward. This represents an 86.73% potential gain from the breakout point. ? Key Observations: Volume confirmation will be critical to validate the breakout. A breakout above the neckline would suggest strong bullish momentum, while rejection could lead to a retest of the support levels. ? Conclusion: This inverse head and shoulders pattern on ETH's weekly chart is a bullish setup, with a potential move to the $7,800 region if the neckline resistance is broken. Traders should watch for confirmation signals and manage risk accordingly. What are your thoughts on this pattern? Share your insights in the comments below! ?
There's a clear bullish flag pattern with a clear trend and a breakout to the upside. Waiting for a retracement to the downside of the pattern before final movement indicated TP area. Partials would be taken out at TP 1 too
GOLD is in a descending channel above the trend lines. The chart has consolidated above the nearest trend line. The price successfully holds the support level. We expect growth after consolidation above the upper boundary of the channel. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Corn Formulated MA Golden Cross And Also Breakout of Falling Wedge Pattern Show Bullish Reversal. The reason for the rise in corn prices is the decrease in the EU corn harvest in 2024/25. This is the third consecutive year of poor harvest. This is not a financial advice do you own research from execution of trade. Taurian
Beyond even the Web3 world, newsjacking has become a crucial marketing strategy for companies looking to stay relevant and capture the attention of the target audience. In crypto, high-stakes events like Bitcoin halving, major protocol upgrades, or regulatory decisions can significantly impact the entire industry and provide those newsjacking opportunities. Here, we describe a case […]
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As we step into the final days of the year, all eyes are on the flagship cryptocurrency, Bitcoin ( BINANCE:BTCUSD ). December has historically been a pivotal month for BTC, often setting the tone for the new year's crypto trends. Let’s explore if Bitcoin is primed for a bullish breakout, consolidation, or a reversal as we close out 2024! ? Bitcoin ( BINANCE:BTCUSD ) is gearing up for another potential surge, with the TD Sequential indicator flashing bullish signals across multiple timeframes. This analysis dives deep into the monthly, weekly, and daily charts to pinpoint high-probability entry points and profit targets for swing traders. The Bullish Convergence When we examine the long-term picture, a compelling narrative unfolds. The monthly chart shows a clear transition from red (bearish) to green (bullish) setups, culminating in Green Setup 3 — developing an uptrend with room to run before exhaustion sets in. Zooming into the weekly timeframe, we see a recent Green Setup 3 followed by a brief pullback (Red Setup 1) and a renewed push higher (Green Setup 1). When the Green Setup 1 holds, it confirms the bullish bias and offers an early entry opportunity for swing traders. Finally, the daily chart reveals a decisive shift in momentum. A Red Setup 6, signaling potential downside exhaustion, has given way to a Green Setup 2, confirming the nascent uptrend. Pinpointing Entry and Targets With the bullish backdrop established, let's identify precise entry points and profit targets. Entry : Ideal entry points occur on price flips (e.g., Green 2 closing above Green 1) or breakouts above resistance levels, preferably with Green Setup 2 or 3 on the daily chart for confirmation. Stop-Loss : Place your stop-loss below the nearest support level. This could be the TI Setup Trend Support line on the monthly chart, the recent swing low on the weekly chart, or the Green Setup 1 low on the daily chart. Take-Profit : Aim for Fibonacci retracement levels and resistance lines. On the monthly chart, the target resistance is near Green 8 or Green 9. On the weekly chart, look for prices approaching swing highs or Fibonacci extensions (e.g., 161.8%). Utilize shorter-term resistance levels on the daily chart for partial profit booking. Confirmation is Key While the TD Sequential provides a robust framework, it's prudent to incorporate other indicators for confirmation. RSI : Ensure no overbought conditions exist on the higher timeframes. Bullish divergence on the lower timeframes strengthens the trade setup. Moving Averages : Crossovers like the Golden Cross (50-day MA crossing above the 200-day MA) support a bullish trend. Trendlines : Breakouts from consolidation patterns aligned with TD Sequential signals offer high-probability entry points. The Bold Prediction Bitcoin appears poised for a significant rally based on this confluence of factors. 3-Month Projection : BTC will likely approach or exceed the resistance level corresponding to a Green 8 or 9 on the monthly chart. 6-Month Projection : If the bullish momentum persists, expect substantial upside, with BTC breaking prior resistance levels and testing higher Fibonacci extensions. Potential gains of 15-25% from the current price could unfold. Disclaimer : This article is intended for educational purposes only and does not constitute financial advice. Conduct your own research and manage your risk responsibly before making trading decisions.
Bitcoin Weekly Analysis: Ascending Channel in Play Bitcoin (BTC) is currently trading within a well-defined ascending parallel channel on the weekly time frame, indicating a strong bullish trend. Here's the breakdown of the setup: ? Channel Boundaries: BTC price is respecting the channel's upper resistance and lower support (yellow lines). The midline (blue dashed line) acts as dynamic support/resistance, guiding the price action within the channel. ? Current Scenario: The price is trending toward the upper boundary, showing bullish momentum. A potential retracement back to the midline is expected after touching the resistance, as illustrated by the green path. ? Bullish Case: A breakout above the upper boundary could signal accelerated bullish momentum. BTC might continue rallying beyond the channel if volume supports the breakout. ⚠️ Bearish Case: A breakdown below the lower boundary could signal a trend reversal, leading to bearish pressure. ? Key Levels to Watch: Upper Channel Resistance: Critical zone for a breakout. Midline Support: Retesting this level could offer a buy opportunity in case of a pullback. Lower Channel Support: Watch for potential trend invalidation below this level. ? Conclusion: The ascending channel suggests BTC remains in a strong uptrend on the weekly time frame. Staying within the channel keeps the bullish structure intact, offering opportunities for both breakout and retracement traders. Do you agree with this setup? Share your thoughts or ideas in the comments! ?