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theSignalyst
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Bullish
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rejected the lower bound of the rising broadening wedge pattern.
I am expecting a movement towards the upper bound of the wedge, targeting the $6 round number.
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theSignalyst
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1️⃣In the previous cycle, $BTC broke above its red range during the first parabolic impulse. 2️⃣It then consolidated within a range for a few days before beginning the second impulse. 2️⃣If we follow the previous cycle and history follows a similar rhythm, we may currently be setting up for phase 2.
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📈 After breaking above the $0.3 - $0.7 accumulation phase, $ARTY started its MarkUp (bullish) phase. 🏹As long as the structure holds, I expect a bullish continuation towards the $2.3 major high as a short-term target, and starting with $10 as a first long-term target.
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As #W is around the lower bound of the wedge, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and target the $0.5 round number for the next bullish phase.
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📦XRP has been trading within a large range, bounded by two round numbers, $2 and $3, forming a symmetrical triangle. For the bulls to maintain control and regain the long-term trend, a breakout above the red trendline and the green structure is required.
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📚 As per my trading style: As #ETH approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
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