This pattern suggests a high probability of a bullish breakout! Possible Scenarios:
Bullish Breakout: If the price breaks above the resistance level of $62,100 with substantial volume, it could signal a continuation of the uptrend.
Bearish Rejection: If the price fails to break the resistance and falls below the ascending support line, it may indicate a potential reversal or consolidation.
The GRT/USDT 2-hour chart on Binance shows a descending triangle pattern, which is typically bearish.
Support: Around $0.2150 Resistance: Descending trendline around $0.2200
Scenarios: Bullish: Break above the descending trendline could target $0.2250 and $0.2350.Bearish: Break below $0.2150 support could drop to $0.2000 and $0.1900. Watch for a breakout to confirm the next move. #GRT #GRT/USDT #GRT. #CryptoTradingGuide #graph $
#doge⚡ chart shows a descending channel, with strong support around $0.1100 and resistance at $0.1800. The price is currently near the support zone. A breakout above the channel could target the $0.1800 resistance. The RSI indicates potential oversold conditions, suggesting a possible rebound. Watch for volume spikes to confirm any breakout or breakdown. #DogecoinCommunity #DogeForever #DogeStrong #DogeLove
Last time #Bitcoin was oversold on the Daily RSI the price dropped ~22% (August 2023). #Bitcoin Daily RSI oversold again in 2024 with a drop in price ~20% (June 2024) and people are panicking and losing hope. We could see an additional small drop in price before we go full throtte 🚀 UP! #BullRunAhead #BTC☀ #MtGoxJulyRepayments #Megadrop #BinanceTournament
Satoshi didn’t name the #Bitcoin WP “Bitcoin: HODL Technology”. He called it, “Bitcoin: A Peer To Peer Electronic Cash System.” Sats are meant to be spent.
Last time we consolidated under the bullmarket support band was August-November 2023 which then led us to massive upside right to the new ALTH! Right now the structure looks quite the same with an oversold weekly RSI. Does this means that we are ready 🚀? #BTC☀ #CryptoNewss #bullrun2024📈📈
Online influencers are calling for 80K-100K #btc nonstop. I've said it before, IM BULLISH ON #bitcoin but first we need to revisit lower levels. WHY NOT 58K first and then 80K-100K. That doesnt happen in 2 nor in 2 weeks. Have patience, please! #btc #bitcoin☀️ #BTC☀ $BTC