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The recent price action of AVAX shows a consolidation period following a strong upward move, forming a pattern resembling a flag. A breakout above the upper trendline of the flag could signal continued bullish momentum, potentially pushing the price towards targets around $37-$40 based on the flagpole height. Increased trading volume often accompanies breakouts,...

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The SOL/USD chart shows an interesting development following the recent resistance breakout at $103. There's a potential for a retest around $110, as seen in similar breakouts historically. However, this is not a prediction, and other factors could influence the price action. What are your thoughts on this potential retest and its implications? Remember, this is...

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Observations: On the daily chart, there's a noticeable upward move between January 18th and 27th, followed by a period of consolidation between January 27th and February 3rd. This consolidation does exhibit some resemblance to a flag, but the trendlines aren't perfectly parallel. Volume during the consolidation is not significantly lower than the preceding upward...

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Observations: Pattern: There is a resemblance to an inverse head and shoulders pattern on the 4-hour chart, with a lower left shoulder, a higher head, and a lower right shoulder currently forming. Neckline: The neckline, connecting the two shoulder lows, is around $42,500. Measured move: If the pattern completes and breaks above the neckline with confirmation...

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Earnings Spotlight: With Palantir's (PLTR) earnings report looming, excitement simmers as the stock held its 4-hour Point of Control (POC). Could this signal a pre-earnings jump towards $24? Key Points to Ponder: Earnings Catalyst: The upcoming report on February 6th could significantly impact the stock price. Positive results could fuel the surge towards...

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On the ADA/USD weekly chart, we've observed price action and volume changes that share characteristics with a Wyckoff reaccumulation pattern. While not definitive, let's explore these elements: Selling Climax: A sharp price drop accompanied by high volume, potentially signifying selling exhaustion Automatic Rally: A subsequent price increase without significant...

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Wyckoff Buying Climax: This is a technical analysis concept proposing price manipulation by large institutions to accumulate shares before a breakout. It involves specific price and volume patterns. Identifying a true Wyckoff buying climax is challenging and subjective. Observations on LINK/USD: The recent price increase from $6.50 to $18 is significant, but...

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Possible Breakout: potential breakout towards $0.62-$0.70. While a breakout is possible, there are some hurdles to overcome: The price needs to break above resistance levels at $0.55 and $0.60. Volume needs to increase significantly to support a sustained breakout. Overall: The XRP/USD chart is currently in a neutral state. While there is a slight upward...

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Weekly Chart (as of January 28, 2024): Price action: Since October 2023, Bitcoin has maintained an upward trend, exhibiting higher highs and higher lows. The recent dip below $40,000 found support around the 50-week moving average, followed by a quick rebound. Moving averages: Both the 50-week and 200-week moving averages act as support levels, confirming...

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The potential Wyckoff reaccumulation pattern on the Chainlink (LINK/USD) chart is definitely worth exploring. Let's unpack the details: Supporting the Wyckoff Reaccumulation: Price action: LINK has been trading within a defined range with multiple spring and shake phases, potentially indicating accumulation by institutional players. Volume profile: Increased...

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The potential bull flag on the SOL/USD chart has been a hot topic among traders lately. Let's delve into the details: Supporting the bull flag: Price action: Similar to ADA/USD, SOL has consolidated within a descending channel after a strong rally, forming a flag-like pattern. Flagpole height: A breakout could potentially push the price towards $107-$115, based...

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Supporting the bull flag: Price action: Following a strong upward move, ADA consolidated within a relatively defined channel, resembling a flag formation. Flagpole height: Based on the flagpole (vertical distance of the initial breakout), a potential target around $0.80-$0.85 could be envisioned if the pattern breaks upwards. Increased volume: A breakout...

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Potential Launchpad: Explosive growth driven by market tailwinds Valuation gap compared to peers Technical breakout signaling momentum. Conclusion: High-risk moonshot with potential reward, but thorough research and risk management are essential. Diversification and alternatives might be more prudent for most investors. Disclaimer: This is not financial...

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There was a gap left on the bitcoin CME futures chart. I expect this gap to be filled.

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I know most traders are skeptical and mega bearish now because of the Bitcoin weekly close. I’m wondering if some blue chips alts take off while btc dominance falls.

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Btc is looking topped and in need of correction. Many patterns are failing and it’s a traders market not investors imo

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Simple idea for BTC on 22m chart. I see hidden bullish divergence building and it is forming a bullish pennant.

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I was fortunate to have picked up Link at $1.40. The undisputed king of the oracles. Med term price target and take profit at $43.95.