DannyC914

DannyC914

Based on the 3D chart: BTC broke through the major resistance range of 48379.0~49763.0, reaching a high of 53094.5. BTC still has the potential to test 55746.0, but before that, a price correction may be needed. - In terms of the four-hour chart shown above, although BTC has received support near 50500.0 multiple times, the rebound momentum is not strong, and the...

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BTC has experienced fluctuations due to recent news, briefly reaching around 30,000. Although it has retraced to approximately 28,000 for now, it's worth noting a bullish flag pattern, suggesting potential upward targets of: 30951.5 31869.0~32391.0 - Taking a look at the chart: BTC has tested the 28000 support level multiple times without breaking, indicating...

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ETH encountered resistance around the 2000 level in August, April, and July of last year (reaching a high of 2146), but failed to break through, forming a top pattern with the lowest price dipping to around 1470. After entering a consolidation phase, ETH started to rise in October, returning to near its previous high of 2146 in early November. - Looking at the H4...

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In July this year, SOL experienced a round of increases, reaching a high point at 33.010. By using 33.010 and 12.680 as the high and low points for the Fibonacci retracement, it can be observed that SOL formed an inverse H&S at the 0.25 (17.763) level of the sequence, and it broke through the resistance at 25.244. Currently, attention can be focused on the price...

DannyC914

SOL has reached a critical support level at 17.763.() Despite a minor price recovery, the daily candlestick exhibits a notable long upper shadow, indicating the prevailing strength of the bearish trend. - Analyzing the four-hour chart, there is potential for the formation of a bottoming pattern, as seen here: It's advisable to closely monitor SOL's price...

DannyC914

As mentioned in the previous article, BTC's upward momentum is weak. Even if the price temporarily rises above the EMA200, it's often due to positive news from Grayscale. In the chart below, you can see that after briefly crossing above the EMA200, it returned to around 25,600 within a day, and the closing price didn't surpass the resistance level at...

DannyC914

Although the last article talked about SOL reaching its inverse H&S target, it hasn't smoothly reached the expected price of 27.00 after struggling to break through 25.244. - In the chart, you can see SOL had a big drop at 25.244 and broke support levels at 22.845~23.460 and 21.979. Keep an eye on 21.979 as a tough price level since SOL continued to drop after...

DannyC914

BTC took a big dip a few days back, slipping below the EMA200. It's kind of like what happened around March when we saw a similar situation, but back then, it managed to bounce back around the 19555 support level and climb above the average, starting a nice uptrend that pushed the price up to 31869. This time BTC breaking the EMA200 doesn't make it seem very...

DannyC914

SOL got an inverse H&S pattern, happening between 22.845 and 23.460, with a target price near 25.244. Check out the support levels mentioned earlier: - Now, SOL is hanging around 24.00 to 25.00 and in a sideway. If it goes back to 25.244, keep an eye on how the price acts.(SOL might pull back). - Support level: 22.845~23.460 21.979 - If SOL daily closing price...

DannyC914

On the daily chart, it oscillated between 16 and 27 for a while, but in June this year, it broke below the box lower point at 15.985. However, it didn't continue to decline, and instead, it bounced from a low of 13.160, initiating a upward move, reaching a high near the trading area (Point of Control) around 33.00. It's worth noting that this uptrend allowed SOL...

DannyC914

XRP has formed a double bottom pattern on the H4 chart (indicated by arrows), with a target price of 0.4938. - If XRP reaches 0.4938, there is a chance of a larger bottom formation, which would continue the bullish trend on the D chart (watching 0.5000~0.5241). Feel free to refer to the article I previously wrote: -

DannyC914 Updated 

In a previous article, it was mentioned that ETH had the opportunity to reach several support levels after falling below the range. After reaching a low around 1820, ETH rebounded upwards. The chart also shows a pattern similar to an inverse H&S around 1820. Currently, it is still worth paying attention to the target range: 2000~2031 - Looking at the D3 chart,...

DannyC914

After breaking the trendline, ETH did not experience a significant increase (it formed a trading range oscillating between 1860 and 1936). After falling below the trading range, the price reached a rebound at 1833.45. Until ETH surpasses the high point of the box at 1937.05, there is still a chance for it to reach the following support...

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In the BCH D chart, it can be seen that BCH has been consolidating for over a year. Recent news suggests that BCH spot trading will be available on the US exchange DEX (as the fourth currency, including BTC, ETH, and LTC). This has caused BCH to rise and break out of the consolidation range, reaching a high of 193.15. - There are a few target price levels to...

DannyC914

In ETH D chart, it can be seen that ETH has been below the resistance trendline since its high of 2146. After forming a double top around 1914, it started to decline, and there was a possibility of breaking the support at 1635. - Currently, the price has surpassed the resistance trendline and returned to around 1914. ETH needs time to consolidate. - The upper...

DannyC914

After BTC broke through the inverse H&S, reaching a high of 31069.5, it subsequently entered a descending channel, with the price falling to around the support range of 25900. Before breaking out of the descending channel, the expected price level was around 24000. However, with BTC breaking through the resistance trendline yesterday, it indicates that the BTC...

DannyC914 Updated 

Let’s start by looking at the 1D chart: SOL experienced a significant decline from its high point of 38.75 to 7.535, followed by a price rebound to 26.826. Currently, SOL is consolidating between 26.826 and 19.459, and there is a chance of a bottom formation near the support level of 19.459. - On the 4hr chart, SOL has broken through the downtrend line and found...

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ETH is effectively supported in the interval of 1744.60~1793.95, and a double bottom pattern appears. The current price breaks through the downward trend line, and the highest price reaches 1930.95. - The target price of the double bottom can focus on 2001.90~2031.00, stop loss: 1756. -