As BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Co...
The cryptocurrency economy has shed a lot of value during the last six months dropping 48.70% from $3.08 trillion to today’s $1.58 trillion. While crypto markets looks extremely bearish these days, a few crypto advocates have theorized the bear market will be less harsh this time around. Furthermore, there’s also the rare scenario that bitcoin’s price could reverse and see a triple top even though it’s commonly said in the finance world “there is no such thing as a triple top.” The Chances of Bitcoin Experiencing a Triple Top Scenario Is Rare,....
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Key Highlights. Bitcoin's price traded higher this past week, but it looks like it is finding offers once again near ¥2490-2500. There is a chance of a triple top pattern on the hourly chart (price feed from Huobi), which may ignite a short-term downside move. The price looks in an uptrend, as there is an ascending channel formed on the daily time frame chart (data feed from BTCChina). Bitcoin's price is facing a tough barrier near the last high of ¥2490-2500, so it would be interesting to see whether it can manage to break it or not moving ahead. Short-term Correction? There was a decent....
Ethereum price is trading near a major confluence resistance area of $15.00. Let us see how we can trade ETH/USD in the current situation. Key Highlights. Ethereum price stayed elevated against the US Dollar, but I think one should trade carefully moving ahead. There is a monster resistance area formed near $15.00, which acted as a barrier on many occasions. There is likely a Triple top pattern forming on the daily chart (data feed via Kraken) of ETH/USD, which if valid might call for losses. Ethereum Price Triple Top? Ethereum price ETH for the third time trading near the $15.00....
Key Highlights. Dogecoin prices attempted to recover, but faced a barrier around an important trend line and resistance area of 32-33 satoshis. There was a dispiriting reaction after the recent failure, as the price created a minor new low of 22.7 satoshis, as seen on the hourly with data feed from HitBTC. There is a chance of a triple bottom pattern forming if we look at the price feed from CEX. IO. Dogecoin's price is struggling to hold an important support area, but there is a chance that the price may spike higher as there is a bullish pattern in the making. Can Buyers Capitalize?....
Shiba Inu (SHIB) price is once again at a crucial crossroads. Currently, it’s down a staggering 91% from its all-time high (ATH) of $0.00008845, recorded in October 2021. Over the past year, the token has been on a consistent downtrend, marking lower highs and lower lows on the monthly time frame. But all is not bleak for SHIB investors. The recent relaunch of Shibarium, a layer 2 blockchain, is a beacon of hope. This move is seen as Shiba Inu’s attempt to transition from its meme coin status to a more serious player in the crypto world, aiming to enable applications for....
Ethereum is holding firm within the $3,600–$3,800 range, showing resilience despite recent market pullbacks. Such a consolidation phase could be the calm before a major breakout, as chart patterns hint at a possible pre-rally formation that might propel ETH toward new all-time highs. Potential Right Shoulder Formation Signals Structural Strength Crypto analyst MarketMaestro delivered a detailed technical update on ETH, noting that the asset recently suffered a key rejection at its neckline resistance. Following this failure, the price is now positioned in a crucial retest phase at a red....