Bitcoin Breaks Out: Chart Pattern Targets $96,200 To $102,100 As Next Big Tes...
Bitcoin has broken out of a technical formation that may place it on track toward a decisive test zone between $96,200 and $102,100. If confirmed in the coming days, the movement would represent a major price development in Bitcoin’s ongoing market structure. A crypto analyst highlighted this zone as one where Bitcoin’s trajectory could either extend to new highs or face its next rejection. Related Reading: From Joke To Juggernaut: Dogecoin Value Revolution Gets Nod From Global Asset Giant Descending Broadening Wedge Breakout Clears Path To $100,000 Again Bitcoin’s price action in....
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Crypto analyst Kartik has revealed a technical pattern that has formed for the Ethereum price, indicating a possible breakout may be on the horizon. The analyst further revealed the new targets that have emerged for ETH due to the bullish pattern. Ethereum Price Forms Flag And Pole Pattern In a TradingView post, Kartik revealed that the Ethereum price had formed a flag and pole pattern, indicating that ETH could be set for a breakout. The analyst noted that this pattern has formed while Ethereum is currently on a downtrend from the $4,100 resistance level. In line with this, he revealed....
Crypto analyst Dark Defender has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1.95 price level as being crucial as it could determine XRP’s next move. XRP Price Forms Descending Triangle On The Daily Chart In an X post, Dark Defender mentioned that the XRP price has formed a descending triangle on the daily time frame. He added that a breakout is imminent in this pattern as long as $1.95 is protected. The analyst highlighted $2.22, $2.72, $2.90, and $5.85 as the initial targets XRP could reach if the price breakout occurs.....
At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Bitcoin price began descending yesterday, 10 August, with acceleration becoming evident today during the US trading session. At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Additional downside seems inevitable, and chart analysis suggests that the current wave down may be the last. However, it may also be the strongest wave of the current decline. Before making a hasty trading decision, be sure to read the analysis below and take note of the likely....
A classic bearish reversal pattern suggests pain ahead for the ETH/BTC pair despite Ethereum's milestone Merge event. Ethereum's native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC). ETH/BTC weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingViewAn inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically resolves after the price breaks below its support level, followed by a fall toward the level....
The Ethereum price is showing signs of a breakout, as an analyst has identified the formation of an inverse head and shoulder pattern on its 6-month long-term price chart. This bullish formation has fueled predictions that Ethereum could rally to $12,000 soon, marking a new all-time high for the second-largest cryptocurrency by market capitalization. Ethereum Price Targets $12 With New Chart Pattern In a Tuesday X (formerly Twitter) post, crypto analyst Tony Severino released an Ethereum price chart illustrating an inverse head and shoulder, a technical analysis indicator signaling a....