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⛔️ Falling Wedge Pattern: • The descending triangle you mentioned can also be interpreted as a falling wedge, which is a bullish reversal pattern. A falling wedge indicates that the price is likely to break out to the upside. 2. Pivot Points: • The chart shows several pivot points that can act as future resistance levels in case of a bullish breakout. The key levels to watch are around 2.382 (R1), 2.700 (0.5), and higher. 3. Indicators: • MACD: While the MACD is currently bearish, a crossover above the signal line could signal a bullish reversal. • Volume: If there’s an increase in volume on the breakout from the falling wedge, it would confirm the bullish momentum. 4. Price Action: • The price is currently hovering around 1.916 USDT, close to the lower boundary of the wedge. A breakout above the upper boundary of the wedge with strong volume would be a bullish signal. 5. Potential Scenarios: • Bullish Breakout: If the price breaks out above the upper boundary of the falling wedge, it could target resistance levels at 2.382 (R1), 2.700 (0.5), and higher pivot points. • Confirmation: Traders should look for a close above the wedge and increased buying volume as confirmation of the breakout. $BTC $SOL $HIGH #TraderAlert #CryptoTradingGuide
⛔️ Falling Wedge Pattern:
• The descending triangle you mentioned can also be interpreted as a falling wedge, which is a bullish reversal pattern. A falling wedge indicates that the price is likely to break out to the upside.
2. Pivot Points:
• The chart shows several pivot points that can act as future resistance levels in case of a bullish breakout. The key levels to watch are around 2.382 (R1), 2.700 (0.5), and higher.
3. Indicators:
• MACD: While the MACD is currently bearish, a crossover above the signal line could signal a bullish reversal.
• Volume: If there’s an increase in volume on the breakout from the falling wedge, it would confirm the bullish momentum.
4. Price Action:
• The price is currently hovering around 1.916 USDT, close to the lower boundary of the wedge. A breakout above the upper boundary of the wedge with strong volume would be a bullish signal.
5. Potential Scenarios:
• Bullish Breakout: If the price breaks out above the upper boundary of the falling wedge, it could target resistance levels at 2.382 (R1), 2.700 (0.5), and higher pivot points.
• Confirmation: Traders should look for a close above the wedge and increased buying volume as confirmation of the breakout.
$BTC $SOL $HIGH #TraderAlert #CryptoTradingGuide
𝐖𝐇𝐀𝐋𝐄𝐒 𝐀𝐑𝐄 𝐁𝐔𝐘𝐈𝐍𝐆 𝐓𝐇𝐄 𝐃𝐈𝐏🐳🐋 While some were selling their assets during the recent market plunge because of fear, on the other hand, around 12,800 $BTC were sent to accumulation addresses in the last 24 hours, worth around $850 million! The market will always shake paper hands and make retailers believe it's over. 💎💎💎
𝐖𝐇𝐀𝐋𝐄𝐒 𝐀𝐑𝐄 𝐁𝐔𝐘𝐈𝐍𝐆 𝐓𝐇𝐄 𝐃𝐈𝐏🐳🐋

While some were selling their assets during the recent market plunge because of fear, on the other hand, around 12,800 $BTC were sent to accumulation addresses in the last 24 hours, worth around $850 million!

The market will always shake paper hands and make retailers believe it's over. 💎💎💎
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$WIF hodl
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$ALT ‼️ @altlayer the 🤖 Definition of Triple Bottom: A triple bottom is a bullish reversal pattern characterized by three consecutive troughs at approximately the same price level on a price chart. It signifies a strong support level where the price has failed to break lower on three separate occasions, indicating potential exhaustion of selling pressure and a possible trend reversal from bearish to bullish. #HotTrends #TradeSmart" #TrendingPredictions #Memecoins $BTC $ALT #SHIB
$ALT ‼️ @AltLayer the 🤖

Definition of Triple Bottom:
A triple bottom is a bullish reversal pattern characterized by three consecutive troughs at approximately the same price level on a price chart. It signifies a strong support level where the price has failed to break lower on three separate occasions, indicating potential exhaustion of selling pressure and a possible trend reversal from bearish to bullish.

#HotTrends #TradeSmart" #TrendingPredictions #Memecoins $BTC $ALT #SHIB
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