I can see on this chart represents the AVAX/USDT pair on the 1-hour timeframe, showcasing a bullish pennant pattern. ๐ The pennant structure signals potential upward momentum after the preceding rally. The RSI at 52.13 and the noted "BULL SIGN" suggest rising bullish sentiment, while the EMA ribbon indicates price support during consolidation. A breakout above the pennant's upper boundary could validate the bullish outlook. ๐ Traders are advised to monitor closely for breakout confirmation and manage risk effectively in this high-probability setup. โ ๏ธ
This chart presents the Bitcoin Market Cap Dominance on the 1-hour timeframe. It highlights a descending channel, suggesting a bearish trend in dominance. ๐ The dominance briefly tested a breakout above the channel but failed, confirming resistance at the upper boundary (yellow line). The white downward arrow indicates potential continuation of the bearish trend.
I can see total3 ย consolidating a resistance line when it breakout alt coin will boom . I can see the RSI is extremely overbought at 84 ๐ฃ, signaling potential exhaustion in the current uptrend .EMA ribbons below the price indicate strong bullish momentum ๐. However, a rejection at this resistance could lead to a pullback ๐ป, while a breakout above it could open the door for new highs ๐. Traders should watch for volume and RSI divergence for clues about the next move ๐. Overall, the market is at a critical inflection point.
I can see a liquidation heatmap showing liquidity, so we can go on bullish, just because of longer time liquidation is more.
Entry price: $52.05
$56 (1st TP)
$62 (2nd TP)
Stop loss at $51.94
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