ETH/USD (Ethereum) formed a massive symmetrical triangle/pennant. Full send after a breakout. We have support at around $3,000. This setup is invalid if we broke down below that 3K support zone. Enjoy your Friday!
RON/USD (Ronin) formed a potential rising wedge pattern. It keeps growing every time it bounces back up from this ascending trend, but after a breakout to the downside, we can see a 25-50% drawdown. The money flow is also going to the downside. Be aware!
BTC/USD (Bitcoin) by being more accurate formed this massive triangle/pennant (6H). If it breaks towards the upside we can start discovering the new price targets. Full send after a breakout in any direction.
BAL/USD (Balancer) at this current moment is rising back up to retest that resistance box. If it breaks to the upside, through this red resistance zone, there is a potential to see another leg up on the price. Full send after a breakout.
XAU/USD (Gold) formed a rising wedge pattern on a 1H timeframe. A quick reminder that Gold is in its prime (ATH) forming HL, so there is still a probability to see a movement to the upside, but making a final decision on opening a potential short/sell position only after a breakout.
TON/USD (Toncoin) formed a third accumilation channel. If it breaks to the upside we can see another leg up. But if it breaks to the downside there are 3 major buying opportunities for an upcoming bull rally.
NEAR/USD (NearProtocol) formed another bull flag/pennant on the daily timeframe for another potential leg up. Full send after a breakout but if we break below this red neckline we can also retest $4.645.
EUR/USD (Forex) on a 30min timeframe. Briefly overview Forex pairs and compare them with what is happening during this crypto pullback. Wait for a retest till that supply/resistance level for a potential short/sell position. Trade with a trend (the trend is your friend) until it breaks towards the other side.
SHRAP/USD (Shrapnel) gaming coin formed a massive ascending triangle on the daily timeframe. Full send after a breakout. There is a probability to see a $1.00 per coin during this ALT rally.
1CAT/USD (BitcoinCats) formed a potential bull flag. We can also see a potential ascending triangle. Full send after a breakout into new price discovery territories.
BNB/USD (Binance) formed a potential ascending triangle pattern that can increase the price to retest that top red line of the ATH level. The distance to the ATH is 14-15%.
KAVA/USD (KavaChain) formed a wedge/triangle pattern and now it's struggling to break through ($1.05-1.15) because it faces a massive resistance (key level). Full send after a breakout and the next potential magnet target could be around $2.35. Remember, all the Altcoins will do well if the Bitcoin continues to move to the upside. DYOR.
ORDI/USDT is accumulating inside this potential ascending triangle pattern. There is a probability to see another leg up. Full send after a breakout.
SNX/USD (Synthetix) is trying to break this 686-day accumulation phase towards the upside if you zoom out on the 1W timeframe. Its ATH is around $25. Will it reach it during the Alt season?
VET/USD (VeChain) continues to climb towards the upside. On the daily timeframe, we formed a bull flag pattern. If it plays out there is a probability to see another leg up. Full send after a breakout.
NFP/USDT (NFPrompt) formed an ascending triangle on the 12H-1D timeframe. Looks like the money flow is rising. Full send after the breakout.
BTC/USD (Bitcoin) formed a potential bull flag. Full send after a breakout. Please understand that BTC is in uncharted territory. Continuation into price discovery again after a breakout.
FLOW/USD (FLOW) is going with the flow, together with a trend creating higher lows. But now we face a massive resistance zone (around $1.50). Full send after a breakout. The next Supply Zone is around $4.808-$5.00.