THESE CHARTS DEMAND YOUR ATTENTION 🧐🧐
Yes, you heard it right. A descending triangle pattern is formed on the daily time frame in the following coins that can lead to some big moves.
Here are some of the coins whose charts are attached here:
1. FLOKI
Just hovering near its support level of $0.00019. The past moves have been respecting the upper trendline and sets the stage for a breakout.
2. RENDER
The sideways move is making the support of $3.25 being tested multiple times. Though it broke the 50EMA, the price action still looks pretty strong and an attempt to break 7 & 50 EMA has been done today (Watch today's candle).
3. OPTIMISM
Another blockchain giant falling consistently from its recent high of $4.86 broke the support of $3 as well. Even 7, 50 & 100 EMA are broken respectively. Then why OP?
Well, the answer is simple. The support will be there at 200EMA and the price action around this will be $2.75 which makes it the final support level. Then we can witness some big moves.
4. STARK
The fall has been quite similar to Optimism but the support has been strong at $1.9 which is exactly the current price. The attempt to break the 7EMA may lead to some upside moves. But some sideways movement is still pending before that massive breakout.
Due to the limitations of this platform I can't share more than four images, so here are the other names forming such a pattern:
5. ETHEREUM
6. PEPE
7. GRAPH
8. 1000 SATS
Remember, please
#DYORAlways before taking any trade. This is my analysis based on the current situation.
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