🕯️ Chart analysis: The price of UNI may continue to correct in order to accumulate liquidity from previous lows. If the price reacts to these levels, an uptrend will follow.
📍 Entry: A long position can be opened near the previous lows of $6,000 and $5,800.
Bitcoin is consolidating within the descending triangle pattern and is currently trading below the Ichimoku cloud, which is acting as a key resistance barrier.
A solid breakout above the triangle resistance and the cloud could signal a bullish recovery, while a breakdown below the pattern’s support could trigger further downside.
Wait for a confirmed breakout or breakdown to determine the next directional move. Keep a close eye on upcoming price action.
The ALTS Market Cap is consolidating within the symmetrical triangle pattern and is currently trading above the support trendline.
The Ichimoku cloud is acting as a key resistance barrier above the current price action. We need to wait for a solid breakout or breakdown to confirm the next directional move in the altcoin market.#Altcoins!
After hunting out the majority of downside liquidity, a huge cluster of short liquidations has built up right around the $84k region.
I wouldn’t be surprised to see this cluster get taken out over the weekend.
A move into that area would also put price right back above the range lows, opening the door for another continuation to the upside if price can hold above them.#BTC #XRPLedgerPatchesXRPCreationBug
We’ve now seen a daily close below the range lows, so a confirmed breakdown, right?
Well, that’s what many people also thought when price deviated below the lows of the previous range.
However, that’s when BTC pumped roughly 6%, reversing the entire dump and closing the week right back below the highs of that range.
In my opinion, it’s therefore crucial to wait for the upcoming weekly close as confirmation here.
If we close back above $83k, there’s a decent chance we just keep on expanding higher going into next week and trade back around the highs at $87k soon.
But if we close below that level instead, we will likely push lower and potentially even sweep the lows around $75k. #SolanaPlansToCutBlockTimesTo200ms
We’ve now seen a daily close below the range lows, so a confirmed breakdown, right?
Well, that’s what many people also thought when price deviated below the lows of the previous range.
However, that’s when BTC pumped roughly 6%, reversing the entire dump and closing the week right back below the highs of that range.
In my opinion, it’s therefore crucial to wait for the upcoming weekly close as confirmation here.
If we close back above $83k, there’s a decent chance we just keep on expanding higher going into next week and trade back around the highs at $87k soon.
But if we close below that level instead, we will likely push lower and potentially even sweep the lows around $75k. #SolanaPlansToCutBlockTimesTo200ms
The coin may begin a new uptrend after consolidating below the VAL volume level of $0.7580. If, after consolidating, the coin returns above this level, an uptrend will then begin with the goal of reaching the VAH volume level of $0.83. #APT🔥