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Tag: Pattern
Bullish Reversal Pattern or A Bull Trap in S&P 500?
On 24 February 2022 a bullish reversal pattern (Wyckoff spring) showed up in the 4 US major indices. Detailed market outlook of S&P 500 (SPX) using the price action, volume together with the elabo...
Ethereum Price Analysis: Do Or Die Moment For ETH Bulls As Price Nears Apex Of Symmetrical Triangle Pattern
Over the past two months, the ETH/USD technical chart shows a short-term range bound rally. The recent reversal from the descending trendline has tumbled the altcoin by 13.5%, bringing it to local sup...
Polygon (MATIC) Creates Long-Term Bullish Pattern After Recent Low of $1.24
Polygon (MATIC) has broken out from a short-term resistance and could soon break out out from a long-term one. MATIC has been falling since reaching an all-time high price of $2.92 on Dec 27. The down...
Ethereum Prints Bearish Pattern, Why It Could Correct To $2.8K
Ethereum failed to surpass $3,050 and corrected lower against the US Dollar. ETH price is declining and might test the $2,800 support zone in the near term. Ethereum failed to continue higher above $3...
Bitcoin Forming Bullish Double-Bottom Pattern, Says Fidelity Exec
Alex Dovbnya Fidelity’s Jurrien Timmer has spotted a bullish Bitcoin pattern that could mark the end of the downtrend for the world’s largest cryptocurrency Disclaimer: The opinion expressed here is n...
GALA Price Analysis: Will Double Top Pattern Return Gala Games Price To January’s Low?
The recent relief rally in Gala Games (GALA) price retested the breached support of $0.272. The evening star candle at this level indicated the completion of a bearish double top pattern. The follow-u...
Wyckoff Spring Pattern Suggests A Temporary Market Bottom in S&P 500
On 24 February 2022 while Russia forces launched full-scale invasion of Ukraine, the 4 US major indices reacted negatively and broke below the previous selling climax support level created on 24 Janua...
XRP Price Prediction: Flag Pattern Hints A 10% Fall; Is It A Good Long Entry?
The XRP price recovery rally takes a short pause, resulting in the formation of a flag pattern. The retracement tumbled altcoin by 35%, reaching the February 24th low($30). The XRP price resonating in...
MANA price analysis: Retest To Double Top Pattern Breakout Suggests 25% Downside Risk
The shared support of $2.42 and the 200-day SMA prevented the extending loss in Decentraland (MANA) price. On February 24th, the 15% long-tail rejection on this support indicates intense demand pressu...
Uniswap (UNI) Creates Bullish Pattern After 83% Fall
Uniswap (UNI) broke down from a long-term support level on January 19, but has shown several bullish signs inside a bullish pattern. UNI has been decreasing since May 1, when it had just reached an al...
Dogecoin (DOGE) Creates Bullish Pattern Despite Short-Term Breakdown
Dogecoin (DOGE) has broken down from an important horizontal support level, but is trading inside a bullish pattern and showing bullish reversal signs. Since June 21 (green icon), DOGE has been tradin...
Bitcoin (BTC) Quietly Printing Bullish Reversal Pattern Amid Market Fear, According to Analyst Justin Bennett
A popular strategist thinks a breakout for Bitcoin (BTC) is possible as long as it can hold a key support level. Analyst Justin Bennett takes to his YouTube channel for a detailed strategy session plo...
Ethereum to $10K? Classic bullish reversal pattern hints at potential ETH price rally
Ethereum’s native token Ether (ETH) could reach above $10,000 in the coming weeks as it paints what appears to be an “ascending triangle” technical pattern. Ethereum price technicals...
Ascertaining the profitability of this reversal pattern for ATOM traders
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Since striking its all-time high on 7 January, Cosmos (ATOM) bears...
KuCoin Price Analysis: Inverted H&S Pattern Eyes KCS Price Beyond $23.3 Mark
The V-shaped recovery in KCS price registered 56% gain in less than a month. Moreover, the technical chart revealed an inverted head and shoulder pattern, which heightens the possibility of trend reve...
Decentraland Price Analysis: Double Top Pattern Fallout Hints At A 13.5% Downside Risk
The current correction phase has tumbled the Decentraland (MANA) price by 24.2% from the February 9th high($3.45). Moreover, the fallout from the double top pattern bolsters the sellers to dump the co...
XRP Price Prediction: Can This Flag Pattern Save XRP Price From Further Dump?
The parabolic recovery surged the XRP price to the $0.91 mark. The one-week rally registered a 50% recovery, allowing XRP buyers to fight for the $1 mark. However, the sellers defended the higher resi...
SHIBA INU (SHIB) Breaks Out From Short-Term Pattern, Remains Bullish – Multi Coin Analysis
BeInCrypto takes a look at the price movement for seven different cryptocurrencies, including SHIBA INU (SHIB), which has broken out from its ascending parallel channel. BTC BTC is currently trading i...
ETH Price Analysis: Inverted H & S Pattern Signals Bullish Reversal; Is Correction Over?
The Ethereum (ETH) price recovery rally turned down from the $3300 psychological level. However, the buyers maintained stiff support at the $2800 mark, indicating the traders are accumulating at this ...
GRT Price Analysis: GRT Token testing resistance at $ 0.51 after breaking out of descending pattern
GRT Token Price is in a consolidation phase over the last couple of weeks The coin broke out of a three-month-long descending trend earlier this month The coin has been bullish over the last few hours...
Kadena Price Analysis: Kadena is testing the resistance level of the descending pattern
Kadena Coin Price has taken support at the long-term support of $ 4.60 The coin is currently testing the resistance downward sloping trend-line The coin is behaving in a range-bound fashion on the hou...
HNT Price Analysis: HNT testing the resistance of the descending triangle pattern
HNT Token is making attempts to break the resistance of the descending triangle pattern The MACD indicator indicates bullish for the token on the daily chart However, the coin looks bearish on the hou...
Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out
Global and macroeconomic concerns ranging from rising inflation rates in the United States to the prospect of Russia invading Ukraine continue to spark volatility in financial markets. To the surprise...
NEO price analysis: After breaching the interesting chart pattern, NEO appears to be sideways
The NEO coin has breached the downwards parallel channel (white), and again bulls attempt to hold the coin’s price. For several days, NEO coin has been consolidating between the 20-day moving average ...
Shiba Inu Price Today: Bullish Pattern Bolsters SHIB Price To Go Beyond $0.00004
The Shiba Inu (SHIB) price chart showed minor retracement to the $0.000028 mark, after last week’s recovery rally. The buyers found support at the 50-day EMA and rebounds from this level with a mornin...
Peter Schiff Shares Bearish Technical Pattern, Predicts Rapid Bitcoin Crash
Arman Shirinyan Famous Bitcoin critic bets on the cryptocurrency dropping once again Contents Schiff bets on $10,000 How accurate is Schiff’s prediction? One of the most famous Bitcoin critics, ...
Ethereum Prints Bearish Technical Pattern, Why It Could Revisit $2.5K
Ethereum settled below the $3,000 support zone against the US Dollar. ETH price could continue to move down if it stays below the $3,000 pivot level. Ethereum started a downside correction after it fa...
Technical Pattern Signaling That Bitcoin (BTC) Bulls in the Lead With Big Rallies Ahead: Analyst Nicholas Merten
Popular crypto analyst Nicholas Merten says that Bitcoin is flashing signs of an upcoming rally and that BTC bulls are set to overtake bears. In a new strategy session, the host of DataDash tells his ...
GALA Price Analysis: Gala Games Price May Break $0.42 If This Pattern Formation Is Successful
The Gala Games (GALA) price doubled during last week’s recovery rally. The buyers breached two significant resistance of $0.23 and $0.3 before reaching the monthly resistance of $0.37. The bears defen...
Polygon price risks 50% drop as MATIC paints inverted cup and handle pattern
Polygon (MATIC) has dropped by more than 40% from its record high of $2.92, established on Dec. 27, 2021. But if a classic technical indicator is to be believed, the token has more room to drop in the...