Technical patterns
• Cup with handle:
o Cup is completed, confirming the breakout of the $1.27T level.
o Target by the pattern — $2.05T (level -1 on Fibonacci).
• Break of the descending structure:
o Bullish trend confirmed by the breakout of the $1.27T zone.
• Formation of higher lows:
o Price continues to form higher lows and highs, confirming the upward trend.
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Scenarios of developments
Bullish scenario (70% probability)
• Conditions:
o Price is held above the $1.27T zone.
o EMA 20 ($1.43T) supports the price.
o Volumes are increasing with growth.
• Long entry points:
o On the retest of the $1.27T zone.
o When retracing to EMA 20 ($1.43T).
• Targets:
o $1.75T (-0.62 on Fibonacci).
o $2.05T (-1 on Fibonacci).
o $2.53T (extension 2.618).
• Stop-loss:
o Below $1.27T.
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Bearish scenario (30% probability)
• Conditions:
o Price falls below $1.27T.
o EMA 50 ($1.27T) does not hold the price.
• Short entry points:
o On the breakout downwards at $1.27T.
o When retracing to $1.27T from below.
• Targets:
o $1.04T (EMA 100).
o $787.88B (level 0.62 on Fibonacci).
• Stop-loss:
o Above $1.43T.
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Conclusion
The altcoin market is in a bullish trend phase. The breakout of $1.27T with a close above confirms the growth potential to $1.75T and $2.05T. The $1.27T level is a key support, a breakout of which could provoke a drop to $1.04T.
Ratios:
• Long: 70%
• Short: 30%
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