Bearish trend on BGB, an asset that has also been undergoing a strong correction since the last overall wave that affected all crypto assets. However, the volume on this asset remained quite active, which gave me an idea that it's possible they are hedging on BGB against other cryptos that experienced much higher volatility, resulting in greater losses in this...
Bearish trend on BGB, an asset that has also been undergoing a strong correction since the last overall wave that affected all crypto assets. However, the volume on this asset remained quite active, which gave me an idea that it's possible they are hedging on BGB against other cryptos that experienced much higher volatility, resulting in greater losses in this...
Unfortunately, we are now experiencing a decline of over 20% compared to the primary trend peak, and we are currently beginning a primary bearish trend. The stock tries to hold above but fails.
The asset failed to maintain its bullish trend and began a correction within an uptrend channel. It broke through the 1.380 support, which still held hopes for a bullish continuation. Indicators had already signaled exhaustion in the buying movement, and now it would be prudent to wait for the asset to reach the lower part of the channel around 1.340. Upon...
BITGET:TAOUSDT Reaching a pivotal juncture that will dictate the asset's trajectory. Technical analysis of the daily chart reveals a pattern of descending peaks. Confirmation of the emerging symmetrical triangle on the D1 timeframe could signal a potential retracement to the 0.1400 price zone. The H1 chart exhibits a bullish trend, projecting upwards until the...
Wave 5 formation is underway in BITGET:TAOUSDT , with the Fibonacci retracement analysis suggesting an ambitious price target near the 830 mark. The trading volume's coherence with this trend indicates a higher probability for the operational success of this pattern. Risk management is advised with a stop-loss order strategically positioned below the 579.24 threshold.
BITGET:MOBILEUSDT is forming a Cup and Handle pattern on the 10m chart. For this formation to be confirmed, we need to see an increase in the asset's volume. If the handle confirms, the targets are aimed at the flow zones in the volume profile and the convergence of Fibonacci projection.
"Currently observing BITGET:BTCUSDT as it continues its correction phase, finding a pause at the crucial 67,000 level. This appears to be a healthy pullback for the asset. Notably, there's an emerging possibility of forming the 'handle' part of a 'Cup and Handle' pattern on the daily chart, suggesting potential bullish momentum ahead. I'm keeping a close watch...
