Ethereum Forms A Bullish Pattern – Expert Reveals Short-Term Price Target
Ethereum has been trading below the $2,800 mark for the past two weeks as selling pressure at this critical level continues to exhaust bullish momentum. Investors remain cautious amid heightened volatility, fearing that Ethereum could extend its losses if it fails to reclaim key levels. Despite the uncertainty, some analysts see a potential breakout on the horizon. Related Reading: Dogecoin Pulls Back To ‘The Golden Ratio’ – Analyst Expects A Bullish Reversal Top crypto investor Carl Runefelt shared a technical analysis on X, revealing that ETH is currently trading within a 4-hour....
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In classical technical analysis, an ascending triangle forms either as a continuation pattern midway through an uptrend or as a reversal pattern at the end of a downtrend. A break out of the triangle (i.e. a candlestick close above the upper channel) signifies a pattern completion, and infers a target of at least the height of the triangle in question. A quick look at the 15 minute price chart on the bitstamp feed reveals just such a pattern, and - therefore - offers up a bullish bias for the latter half of this week. We are currently trading just shy of 237, and approaching the apex of....
Dogecoin is currently seeing reasonable upside following the Bitcoin recovery above $71,000. This has sent the whole crypto market into a state of euphoria, and the DOGE price has crossed the $0.16 resistance while at it. This bullish trend is expected to continue, as one analyst points out that Dogecoin has formed a bullish triangle […]
Crypto analyst Mikybull Crypto has identified a bullish pattern that can send the XRP price to new highs. This comes amid the growing increase in the investors’ bullish sentiment towards the XRP token. Bull Pennant Pattern Forms On XRP’s Chart Mikybull Crypto stated in an X (formerly Twitter) post that XRP has formed a bull pennant continuation pattern on the daily chart. The analyst added that the “breakout will be massive,” with XRP set to rise above $1 based on the chart he shared. Mikybull Crypto seemed really confident that XRP would rise to such heights, as he claimed that....
A little earlier on this morning we published a piece highlighting the ascending triangle that formed in the bitcoin price early Monday morning, and the potential bullish momentum that this ascending triangle inferred. We suggested that - upon pattern completion - a target of 283.50 would be initially valid, and if we can break above this, it would suggest further bullish momentum. A look at the chart shows the pattern completing shortly before lunch (GMT) and the ensuing run towards our initial target. We hit the target in the last 15 minutes or so, so where are we looking for the bitcoin....
As Ethereum begins to show positive price action once again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory in the short term, suggesting a potential rally in the upcoming weeks. A 63% Rally For Ethereum Could Be On The Horizon In an optimistic post, market expert and […]