On the 15-minute time frame, ETH/USDT has successfully broken out of a triangle pattern, signaling potential bullish momentum. However, to confirm the continuation of the trend, the price must break through the pink resistance zone, which is a key level to watch.
Key Levels: • Pink resistance zone: A breakout above this level is necessary to sustain the upward trend. • Green target zone: The next target area if the pink resistance is broken, based on the measured move from the triangle pattern.
On the monthly chart, EGLD has broken out of a triangle pattern and reached the pink resistance area, which is also the yearly open. This level acted as a strong resistance, causing a rejection.
Currently, the price could return to the purple support area, an important area with high POC volume and the monthly open. This area has accumulated a lot of volume and could attract buyers, potentially pushing the price higher.
Price has broken out of a triangle pattern and is currently testing the new support level in purple. Currently, FLOKI is trading between $0.00021023 (support) and $0.00028920 (resistance in pink).
If price breaks out of the pink resistance zone with confirmation, my target, based on the triangle breakout projection, is around $0.00040000 (green zone). This would represent a significant upside.
Patience is key while waiting for confirmation. Manage your risk carefully as the market remains in a key range.
The price has broken out of a triangle pattern and is now retesting the new support level in purple. Currently, FLOKI is ranging between $0.00021023 (support) and $0.00028920 (resistance in pink).
If the price breaks through the pink resistance zone with confirmation, my target, based on the triangle breakout projection, is around $0.00040000 (green zone). This would mark a significant upward move.
Patience is key as we wait for confirmation. Manage your risk carefully, as the market is still ranging within key levels.