Technical analysis don't work then can you give an explanation to this one?
AlphaCryptoSignal
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Bullish
#AR Update:
$AR has attempted to break above the resistance trendline multiple times, but failed. Volume is also quite low.
A confirmed 4H candle close above the trendline, backed by significant volume, could be the confirmation we need for a move higher. Until then, patience.
$OPN looks like it has bottomed out on the daily timeframe and is now forming a rounding bottom pattern. The price is slowly building higher lows while holding above the curved support.
A breakout above the neckline around $0.070 could confirm the reversal and open the door for a move higher. Keeping an eye on $OPN for the breakout.
$KAVA is approaching a key horizontal resistance zone. A clean flip of this level into support could confirm the breakout and open the door for a strong move higher.
For now, I’m watching this resistance closely. If $KAVA manages to reclaim and hold it, the next leg up could be underway.
$NEAR has broken out of the falling wedge and is now holding above the breakout level. The structure looks bullish as long as $NEAR continues to hold here.
A successful hold could lead to further upside as the breakout gains momentum.
$AR has attempted to break above the resistance trendline multiple times, but failed. Volume is also quite low.
A confirmed 4H candle close above the trendline, backed by significant volume, could be the confirmation we need for a move higher. Until then, patience.
$APE looks bearish with consistent lower highs and lower lows inside this descending channel. As long as $APE remains trapped below the channel’s upper boundary, the bearish structure remains intact and another move towards the lower boundary could follow.
$EGLD is showing a brutal W-reversal pattern on the daily timeframe. $EGLD has reclaimed the neckline with strong momentum and volume, confirming a bullish shift in structure.
I would wait for another retest of the neckline before entering a long. If $EGLD holds this level as support, the setup looks ready for another leg higher.
$DRIFT is moving within a well-defined ascending channel, and the price is currently holding near the lower boundary. A move toward the upper boundary of this channel looks likely once $BTC gains some momentum.
If $BTC starts pushing higher, it could follow and make its way toward the top of the channel.
The symmetrical triangle breakout we flagged on $ZBT finally played out.
It took a bit of time, but once the breakout confirmed, $ZBT pumped a solid +8.87% just as expected.
Congratulations to everyone who followed the setup.
AlphaCryptoSignal
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Bullish
Thoughts on #ZBT
$ZBT is breaking out of a symmetrical triangle with bullish momentum. The breakout puts the bulls in control and could open the door for a continuation higher.
A clean hold above the triangle breakout would strengthen the setup. Looks bullish on $ZBT .
$SUI is still holding the horizontal support zone nicely, with price showing a solid reaction after the recent pullback. The zone has been defended multiple times, keeping the bullish structure intact for now.
If $SUI continues to hold this area, I’d expect another bounce toward the recent highs.
$LINK is finally breaking out of the descending triangle after repeatedly defending the horizontal support zone. The breakout is pushing price above the descending trendline, signaling that the sellers are losing control.
A clean hold above the breakout level should confirm the move and open the door for a stronger leg higher on $LINK . Bullish, long on breakout/retest.
$AERO is breaking out of a symmetrical triangle while simultaneously reclaiming the horizontal support zone. This is a strong technical combination, especially with price pushing back above the key level after consolidating inside the pattern.
A clean hold above this zone should give $AERO room for another leg higher, while a successful retest would offer a strong continuation setup. Bullish, long on breakout/retest.
$MNT is shaping up a clean ascending triangle, with price repeatedly pressing against the same horizontal resistance while the lows continue to climb. The structure is tightening, and $MNT is now right at the breakout point.
A clean breakout and hold above the resistance should confirm the setup and open the door for a stronger move higher. Bullish, long on breakout.
$MTL is forming a rounding bottom, with price steadily pushing toward the neckline resistance. The structure looks constructive and a breakout could trigger the next leg higher.
Waiting for a clean breakout of the neckline before entering. Long $MTL on breakout.
The potential double-top structure we flagged on the 4H played out as expected for $VANA .
$VANA broke and closed below the neckline/support zone, confirming the setup, and has already dropped -6.26% with more downside still possible.
Structure remains bearish while trading below the neckline.
AlphaCryptoSignal
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Bearish
Thoughts on #VANA
$VANA is showing a potential double-top structure on the 4H timeframe, with price currently struggling around the highs. The setup looks interesting for a short, but confirmation is still needed before taking the trade.
I want to see $VANA break and close below the neckline/support zone first. A clean breakdown would confirm the double top and open the door for a move toward the lower support zone. Until then, patience is key.
The rounding bottom we flagged on the daily timeframe played out massively for $4 .
$4 gradually recovered from the base, broke above the upper boundary of the pattern, and delivered a huge +74.20% move.
Congratulations to everyone who followed the setup.
Another high-conviction structure that delivered strong results. Clean execution once again.
AlphaCryptoSignal
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Bullish
#4 HTF Analysis:
$4 is forming a clear rounding bottom on the daily timeframe. $4 is gradually moving higher from the base and is now approaching the upper boundary of the pattern.
A breakout above the resistance zone would confirm the rounding bottom and could open the door for a stronger upward move. Keeping an eye on $4 for a breakout soon.