$SOL remarks | Shani Whitmarsh VVcy on Binance Square

Trending Articles

Bookmarked and Liked

See original

Shani Whitmarsh VVcy

--

$SOL remarks

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

SOL

212.88

-1.06%

373

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

Shani Whitmarsh VVcy

@Square-Creator-73df94e48857

Explore More From Creator

$BTC same pattern but at different time frames will btc follow same pattern for weekly time like 1 minute time frame

--

$BTC The pattern visible in your screenshot is a descending wedge, which is typically characterized by a series of lower highs and lower lows forming a converging price action. This is considered a bullish reversal pattern when it occurs after a downtrend, as it suggests that the selling momentum is slowing down, and a potential breakout to the upside may occur. The RSI (Relative Strength Index) being at 41.51, which is below the neutral 50 level, indicates that the asset is currently in bearish territory but isn't yet oversold. If the price breaks above the wedge's resistance line, it could signal a bullish trend reversal. Conversely, a breakdown below the wedge might lead to further bearish movement. In this case, watch for a breakout above the wedge as a potential buy signal. you could indeed be spotting a bearish divergence. Divergence happens when the price action and an indicator, like RSI, move in opposite directions. From the image: The price seems to be making lower highs (the peaks in the price action are descending). However, the RSI indicator is not making similar higher peaks, which can suggest a bearish divergence. Bearish divergence signals that while the price may still be rising or holding steady, the underlying momentum is weakening, often indicating an upcoming reversal or a pullback in price. So, even if a descending wedge is traditionally bullish, this divergence might suggest that the bulls could be losing steam. Keep an eye on both the wedge breakout and whether the RSI continues to weaken for confirmation.

--

$BTC 1. bearish divergence 2. Falling wedge. comment your thoughts

--

$BTC bearish divergence

--

$ORDI ordi bearish

--

Latest News

Goldman Sachs Expands Bitcoin ETF Holdings Significantly

--

Vanguard May Introduce Bitcoin And Ethereum ETFs By Next Year

--

Weekly Market Highlights - Bitcoin Reaches a New All-Time High as Market Rally Continues

--

Federal Reserve Considers December Rate Cut, Final Decision Pending

--

Worldcoin Transfers 60 Million WLD Tokens to Multisig Address

--

Trending Articles

🚨 $PEPE/USDT ALERT: BIG MOVES INCOMING! 🚨 🔥 Current Price

Will Crypto Markets Bounce Back When $3.4B Bitcoin Options Expire Today?

🚀 What Could 300 SUI Coins Be Worth by 2025? You Won’t Believe the Potential! 🔥

Crypto Stunners

SHIB’s Rally Stumbles: Whale Transfer and Fed’s Stance Weigh In

SEC chief Gary Gensler signals resignation in speech defending crypto record

Cookie Preferences

ba-one-trust-cookie