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WIF is currently moving within a symmetrical triangle pattern. It has experienced rejection from the resistance trendline, with the MA 100 and the Ichimoku cloud serving as resistance levels. The RSI is situated in the neutral zone. We must await a definitive breakout or breakdown of the triangle for confirmation of its next direction.
XRP is currently exhibiting movement within a descending triangle pattern. It recently rebounded from both the MA 200 and horizontal support levels. However, it encountered resistance from the Ichimoku cloud.
A significant increase in volume, coupled with a decisive breakout from the triangle, would confirm a bullish trend. Conversely, a sustained breakdown below the triangle would signal a bearish trend.
BTC has been rejected by both the Ichimoku cloud and the MA 50. Currently, it is moving towards horizontal support. Bulls must defend this horizontal support, as a solid breakout of the Ichimoku cloud would confirm bullish momentum.
SOL has broken out of the falling wedge pattern with a successful retest above it. The 50-day moving average is acting as a supportive factor. Additionally, the Ichimoku cloud indicates a bullish trend. As long as SOL continues to trade above the Ichimoku cloud, we can anticipate the continuation of the bullish momentum.
PEPE is currently moving within a descending channel, accompanied by a strong bullish rally. It has broken out of the Ichimoku cloud and is trading below the MA 100 and the trendline resistance.
A decisive breakout from the channel would confirm bullish sentiment, while a rejection would indicate potential further movement within the channel.
PERP has broken the ascending triangle. Currently, it is testing out the triangle after the breakout. A successful test would serve as a bullish confirmation. So, keep an eye on it.👀
NEAR has broken out of the descending triangle pattern with a decent volume. Additionally, it has surpassed the MA 100, and the Ichimoku cloud indicates a bullish trend. As long as it continues to trade above the triangle, a continuation of the bullish move is anticipated.
LTC has not only broken out of the symmetrical triangle pattern but has also completed a successful retest, indicating strong potential for a bullish ride ahead.
RNDR is moving in a falling wedge followed by a bullish rally. It bounced from the MA 200 support with decent volume. We have to keep an eye on a solid breakout of the falling wedge for bullish confirmation.
NEAR is moving in an ascending triangle on the 1-hour timeframe. Currently, it is encountering horizontal resistance, where the MA 200 is also acting as a resistance. The MACD crossover indicates bullish momentum. We need to wait for a solid breakout or breakdown of the triangle to confirm its next direction.
NULS has formed a falling wedge after a strong upward trend. MA 100 and the Ichimoku cloud are acting as resistance. MACD crossover is showing bullish momentum. A solid breakout of the falling wedge would be the bullish confirmation, while a rejection would be a sign of further movement inside the wedge.
OOKI has broken out of the falling wedge pattern and is currently retesting above it. The Ichimoku cloud and the 100-day moving average (MA) are acting as support. A successful retest would confirm the upward move. If the price retraces inside the wedge, further movement within the wedge is also expected.
MATIC is currently forming a symmetrical triangle pattern on the weekly timeframe. The RSI indicates oversold conditions. Consequently, a potential rebound could materialize from the support trendline. However, a definitive breakout or breakdown of the triangle is needed to confirm the next directional movement.
OM continued its bullish move after the breakout of the ascending triangle. The Ichimoku cloud is showing bullish trend. A continuation of the bullish move is expected and in case of some retracement it will retest the ascending triangle.
OAX has broken out of the symmetrical triangle pattern with decent volume. Currently, it is encountering resistance from the Ichimoku cloud. The MACD crossover is turning bullish. A solid breakout above the Ichimoku cloud or a successful retest of the triangle would confirm a bullish rally.
XRP has broken out of the descending triangle pattern and has also surpassed the Ichimoku cloud. Presently, it is retesting above the cloud. A bullish move is anticipated for as long as it continues to trade above the triangle.
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