I can see on this chart BEL trading pair on the 4-hour timeframe. It exhibits a rising wedge pattern, a bearish reversal signal, with price currently approaching the upper resistance of the wedge. RSI is at 52.23, indicating neutral momentum but leaning slightly bullish.Wait for a breakout confirmation 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 : 0.7873
1st tp; 0.8126
2nd: 0.8526
3rd tp: 0.8594
This signal is only for spot if you want future signals join my binance live.
Just click on my profile to join my live.