I can see this chart (ALGO) against the US Dollar on the 1-hour timeframe. It shows a symmetrical triangle pattern forming, which indicates potential breakout scenarios in either direction. The price hovers near $0.434, with visible resistance at the orange horizontal line around $0.45. The RSI (Relative Strength Index) below the chart suggests neutral momentum with slight bullish recovery. Confirm volume and momentum for higher confidence before entering.
I can see also this chart shows the Bitcoin Dominance percentage (BTC.D) over time on the weekly timeframe. A rising wedge pattern is clearly evident, which is a bearish formation. The breakdown from the wedge has occurred, indicating potential further downside in Bitcoin Dominance. This suggests that altcoins might gain relative strength or Bitcoin could see reduced market influence.The RSI indicator reflects bearish divergence, as price moved upward while RSI declined over time, confirming weakening momentum. Currently, RSI stands at 46.88, below the midline, reinforcing bearish sentiment.
total3 on the 4-hour timeframe. The price action forms a symmetrical triangle, a consolidation pattern that indicates a potential breakout in either direction. The market cap is currently near the triangle’s apex, signaling an imminent decisive move.The RSI is at 52.88, showing neutral momentum but with signs of slight recovery from oversold conditions. Traders should monitor for a breakout above resistance ($1.07T) for a bullish continuation or a breakdown below support ($1.03T) for bearish pressure.A breakout confirmation, supported by volume, will determine the next trend direction.
TAKE ENTRY : 0.4222
1st tp; 0.5128
2nd: 0.6057
3rd tp: 0.6462
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