A bearish divergence on 1h, 4h and daily time frames is recognizable Price is at the resistance and top of its trend If it breaks the current resistance at 17.3K it will reject the resistance at 18.5K
CRV is at the resistance inside an ascending wedge. I'm expecting it to form a H&S and breaking out of the wedge
An inverted head and shoulders is appearing on Algo weekly chart. If it closes a weekly candle above 0.51 and pulls back successfully it has the potential to take back its ATH at $3.4
Crypto Total Market Cap is at resistance right now. There is 3 possible scenarios and the scenario 2 is more possible in my opinion as I expect a healthy correction in the market
A bearish crab pattern is forming on Bitcoin chart in my view. The top target for bitcoin on this cycle is $28K
It repeated the same patterns and double-bottoms three times. It can be repeated again
Bullish divergence with a confirmed breakout and retest made the situation proper for setting up longs at this level. In other scenario price can hit $33 and crash since the market is not stable for altcoins.
As the price just touched the top of trend at the resistance I expect it to go back down to 12100 and then after a minor relief and bounce to 12500, continues the fall down to 11420 which is the support level.
Inverted cup and handle pattern can make the price crash to $250
A clear reverse head and shoulders pattern right the same as Ethereum made before striking $380 from $250 that is going to break the resistance at 0.618 Fibonacci level can make a %30 pump
Cup and handle pattern is almost formed on bitcoin weekly chart. I expect a retrace to 9600 in order to fill the famous CME gap. A strong support exist in this range, If it doesn't bounce at 9600, 9200 is the next strong support then. After this correction there will be another bull run in the market which can drag the price to 17100.
Cryptocurrency Total Market Cap correction is still running as the DXY (Dollar Index) is increasing. There is a very strong support at $255B which can be the best zone to setup buying orders at the end of October right before the US election in my opinion.
This is my view on Gold spot for the next month before the US election
Ethereum is going to correct until $330 and the bull market will be keep going after this correction
As it's showed in the chart, The green area is the best setup to buy bitcoin in my opinion. Also a big gap formed in Tether Dominance chart which indicates willing of the market to recover the price The Total Market Cap correction is almost done and buyers are waiting for an appropriate entry opportunity.
Double top pattern formed clearly followed by a descending RSI and Volume. Besides a bearish divergence is noticed at the tops. Supports: 11100 10850 10496 9750 Ps: The support at 10.5K is strong, So I expect it to just draw a shadow to 9750 if it's supposed to fill the gap.
It seems that the whole market is forming a head and shoulders pattern. If the total market cap rejects the range of $350B - $360B which is the all-time resistance, the right shoulder will be drawn and completes the pattern. Accordingly, it has the potential to see $285B as a correction to %61.8 Fibonacci before breaking out the all-time resistance at the range of...
Ethereum is forming a head and shoulders pattern following bitcoin There is also a double bottom on the 1h chart, this double bottom drags the price to $403 - $416 which is the range of left shoulder of the pattern, In other words, it forms the right shoulder if it rejects this range.