Bitcoin Price Shows Bullish Setup — Takeover Rally Incoming?
Bitcoin price started a decent increase above the $70,000 zone. BTC is now consolidating and might aim for more gains if it clears $72,000. Bitcoin started a decent recovery wave above the $70,000 zone. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a bullish flag with resistance at $70,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $70,400 and $70,000 levels. Bitcoin Price Aims Steady Gains Bitcoin price remained elevated and extended its increase above the $69,200....
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Crypto analyst Javon Marks has revealed that Shiba Inu has completed a bullish setup and that a rally of around 138% may be on the horizon. Fundamentals such as the new SEC rule also provide a bullish outlook for the foremost meme coin. Shiba Inu’s Bullish Setup Hints At 138% Rally In an X post, Marks said that Shiba Inu’s setup is still hinting at a rally of over 138%, which would send the SHIB price back to around $0.000032. He added that it is only a matter of time for this move to materialize as a bull signal holds confirmed, hinting at this move for the top meme coin. Related....
The past 24 hours have seen bullish momentum return to XRP, with the cryptocurrency now reclaiming the $2.5 price level. This bullish momentum comes after a seven-day stretch of range consolidation between resistance at $2.5 and support at $2.3. Despite this consolidation of the price, technical analysis shows that XRP is still trading in a bullish setup, especially on the daily candlestick timeframe. Notably, this bullish setup shows that the XRP price is about to make a new all-time high run to $5. Bullish RSI Divergence And Strong Support Set The Stage Technical analysis of the XRP....
With all the excitement in the Bitcoin market recently, I have not paid a lot of attention to Ethereum. However, this asset deserves our attention. It is signalling that a new advance might be in the making. Let’s look at a bear setup on long-term 2-day chart: This bear setup from the ATH shows 2 successful tests of support at the 1st arc pair. I don’t imagine I need to explain here why this bullish. However I want to point out that the blue arrow is highlighting a test of the 1×1 Gann angle. The 1st test of resistance was unsuccessful (from a bull point of view). However, price is once....
Crypto analyst Dom has provided an update on what could spark the next XRP price surge. He highlighted an important level that the altcoin needs to reclaim for it to rally to $2.50, which would mark a new high since the October 10 liquidation event. XRP Price Must Reclaim This Level To Trigger Another Surge In an X post, Dom stated that the XRP price needs to regain the monthly rVWAP around $2.22, as that would be the shift for a rally towards $2.50. This came as the analyst revealed that an inverse of the XRP chart over the last six weeks shows a perfect 3-drive pattern, which is a very....
Today, we will take yet one more look at the long term, 8-day candle chart of BTC, per Kraken. We looked at a bull setup from the Jan 2015 over the weekend and saw indications that BTC will likely be in a bull market through the end of the year. Then yesterday we looked at a bear setup from the Nov 2013 high, and saw kind of a foggy picture. Not very bearish, and not very bullish. Significant overhead resistance at ~ $714. Gann spoke of ‘wheels within wheels’, an image that I believe referred to the fractal nature of the markets. Knowing that the markets are indeed fractal, let’s take....