âïž Falling Wedge Pattern: âą 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: âą 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: âą MACD: While the MACD is currently bearish, a crossover above the signal line could signal a bullish reversal. âą Volume: If thereâs an increase in volume on the breakout from the falling wedge, it would confirm the bullish momentum. 4. Price Action: âą 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: âą 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. âą Confirmation: Traders should look for a close above the wedge and increased buying volume as confirmation of the breakout. $BTC $SOL $HIGH #TraderAlert #CryptoTradingGuide
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. đđđ
$FRONT Enter current price me personally I open with 15x so is up to u guys First target $1.05 Second $1.15 Third $1.25 #FRONTUSDT #Memecoins #bitcoin $BTC $SOL
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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.