Top Technical Analyst Says Bitcoin Is Forming a “Classic” Top Setup
Bitcoin has undergone an extreme rally over the past few days After bottoming in the $16,100 region last week, the coin has rocketed higher to $19,600 as of this article’s writing The coin traded as high as $19,900 earlier today. John Bollinger is warning that Bitcoin could soon find a short to medium-term high. Bitcoin Could Soon Find a Top, Analyst Says Bitcoin has undergone an extreme rally over the past few days. After bottoming […]
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An analyst has explained how a pattern forming in the 3-day Ethereum chart could signal that a decline toward $1,700 may be coming. Ethereum Has Recently Formed A TD Sequential Sell Setup In a new post on X, analyst Ali talked about a sell signal that has taken shape in the ETH 3-day chart. The relevant technical indicator here is the “Tom Demark (TD) Sequential,” which is used to spot reversals in the price of any asset. The metric is made up of two phases; a setup phase and a countdown phase. In the former, candles of the same polarity are counted up to nine following a....
Bitcoin has slipped under the $113,000 level during the past day, but an analyst has pointed out how a technical indicator could suggest this is a buying opportunity. TD Sequential Has Just Given A Buy Signal For Bitcoin In a new post on X, analyst Ali Martinez has talked about how the Tom Demark (TD) Sequential has just formed a signal for Bitcoin on its 4-hour price chart. The TD Sequential is an indicator from technical analysis (TA) that’s used for locating potential points of reversal in an asset’s price. Related Reading: Dogecoin Ready To Bark Again? Analyst Sees Path To....
An analyst has pointed out how Chainlink is forming a TD Sequential sell signal right now, which could lead to a retracement to this level. Chainlink Could Decline To $12.50 Following The Sell Signal As explained by analyst Ali in a new post on X, LINK could be heading toward a correction based on what the TD Sequential signal says. The “Tom Demark (TD) Sequential” is a popular indicator in technical analysis that is used to pinpoint reversals in the price of any asset (which, in the current discussion, is naturally Chainlink). The metric gives a signal whenever the asset has....
SOL price gained 75% in the past two months, but technical analysis suggests it could be an elaborate bull trap. Solana (SOL) price rallied by approximately 75% two months after bottoming out locally near $25.75, but the token's splendid upside move is at risk of a complete wipeout due to an ominous bearish technical indicator.A major SOL crash setup surfacesDubbed a "head-and-shoulders (H&S)," the pattern appears when the price forms three consecutive peaks atop a common resistance level (called the neckline). Notably, the middle peak (head) comes to be higher than the other two....
Crypto analyst Barri C believes the XRP price could soon undergo a significant market movement. He says the chart pattern now resembles almost precisely what it did years ago, before XRP experienced its most notable price surge. The analyst thinks the market is repeating the same setup that once sent XRP soaring, and this could push the price to much higher levels in the coming months as trading activity and excitement build again. Analyst Says XRP Price Market Structure Mirrors 2017 Setup Barri C said that the XRP market is repeating what it did in 2017 before its sharp rise. Back then,....