Bullish Breakout On The Ethereum 4-Hour Chart Says Price Is Headed For $2,500
Ethereum has faced intense selling pressure over the past few weeks, with its price falling below the $2,000 threshold. This intense run of declines saw the cryptocurrency reach a low of $1,750 on March 11, marking its lowest point since November 2023. However, despite this steep drop, a new technical setup suggests Ethereum could be on the verge of a bullish turnaround, as it now retests a key resistance level on the 4-hour chart. Ethereum Retests Critical Resistance After Rebound Ethereum’s price action has been full of downtrends and many investors exiting their positions since....
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Litecoin broke above a narrow consolidation during the April 22nd session and headed to 1.48 before stalling at the start of the April 23rd session. Let's go over the 1H and 4H charts to monitor the bullish attempt. Litecoin (LTCUSD) 1H Chart April 23. As price retreated ltcusd found support at 1.44. So far, the bullish technicals in the 1H chart are intact:1) The moving averages have started to slope up and have formed a bullish alignment, with the 50-hour above the 100-hour, above the 200-hour SMAs. 2) The RSI has broken above 70, which signaled the initiation of bullish momentum. But it....
After ending last week in a consolidation range, bitcoin is starting this week with a bullish breakout. Bitcoin (BTCUSD) 1H Chart April 6. There are two breakouts we can see in the 1H chart. 1) The first breakout was during the turn of the month after a few sessions of coiling. At the end of last week, price started to cross above the cluster of 200-, 100-, and 50-hour simple moving averages (SMAs). BTCUSD ended the week pushing at 256 but ended up in another consolidation for a couple of days. 2) Another breakout occurred as the weekend transitioned into the global trading week. In the 1H....
The Ethereum price is showing strong signs of a potential breakout, as an analyst predicts a surge to $3,300 in just one week. This forecast shows Ethereum’s projected successful breach of a key resistance level, indicating an imminent price recovery to new highs. Analyst Projects Ethereum Price Recovery To $3,300 Ted Pillows, a crypto analyst on X (formerly Twitter), has shared a super bullish projection for the Ethereum price despite its recent downturn. The analyst projects that ETH can reach $3,300 in just one week, highlighting key technical patterns and changes in price action to....
Since making a low on the month just above 216 bitcoin rebounded to 230 and start coiling as we can see in the 1H chart. Towards the end of April 21st session, btcusd started to uncoil upwards. Let's take a look at the charts: Bitcoin (BTCUSD) 1H Chart April 22. As we can see in the 1H chart, bitcoin not only broke above a triangle, it also charged above the 230 resistance. There was strong volume, and the 1H RSI popped up above 80. The price action suggests that the bullish breakout is very likely to extend. In the very near-term however, the RSI is overbought, so we can expect some....
Key Highlights. Bitcoin's price is forming an interesting bullish structure, which is pointing towards more gains in the near term. There is a support trend line formed on the 4-hour chart (data feed from HitBTC), which may act as a catalyst for an upside move. A short-term breakout pattern (triangle) is forming on the hourly chart (data feed from Bitstamp). Bitcoin's price looks set for an upside move, maybe above $500 if buyers remain in control, and if the price stays above a support trend line on H4. Buy Dips? Bitcoin's price-after trading towards $300-started a new bullish trend, and....