The price pumped as expected after breaking out of the ascending triangle. It is now encountering resistance at the horizontal level. A successful breakout retest of this horizontal resistance would be a bullish signal. However, a rejection at this level might indicate another retest of the triangle. $ETC #TradePulse24
#PEOPLE is now trading around 0.460$. #PEOPLE exactly pumped after break out as we predicted. Those who have opened a long position as per our update will be in good profits (130% withiout Leverage and 1300% with 10x🔥).
#IOTX is now trading around 0.048$. #IOTX has broken Down a Head and shoulder pattern on hourly time frame. So the Possible scenario is According to the pattern, we can see short term bearish momentum in it and we can see the price dump 15-20%. Stay tuned with us for further updates✔️
Coin: $ADA Timeframe: 4h Observation: Could see some reversal to the upside from here, forming a falling wedge pattern, downtrend, currently retesting a very strong horizontal level of support, hopefully it would be enough to break from above.? $ADA #TradePulse24
#CHR is now trading around 0.2960$. #CHR has broken down a symmetrical triangle on 4hr time frame which is a bearish sign. So the Possible scenario is According to the pattern, we can see a dump in this and the price may be dumped by 10-15%. Stay tuned with us for further updates✔️
We are retesting the current major resistance and the point of interest, expecting to see a pullback to the upside to it and then we see a rejection. Falling wedge pattern is bearish, we can break below of it. But it could be either for a continuation to the downside or a fake-out then we break from above of the resistance.
Following the breakdown of the ascending triangle pattern, Bitcoin (BTC) experienced a decline in price, but managed to rebound upon reclaiming horizontal support. Currently, it is trading below the identified horizontal resistance level.
The market is poised at a pivotal moment: rejection of this support and a subsequent breakdown would confirm a bearish trend. Conversely, a breakout followed by a successful retest of the horizontal resistance would signal a bullish reversal.
Stay tuned for updates as the market navigates this critical juncture.