After printing new lows, an increase in volume and an impulsive move from the liquidity zone can be observed. The RSI shows overbought conditions along with divergence, while the price breaks above the upper boundary of the descending channel and the MA 200 on the H1 timeframe. In addition, a Head and Shoulders reversal pattern is forming.
JUV printed a sharp breakout with heavy volume after a long consolidation. Momentum is strong, but price is now near short-term resistance, so a brief pullback or consolidation is possible before continuation.
📊 Technical analysis. A classic tweezer pattern with divergence, rising volume, a bounce and breakout above the 200 MA on H1, as well as above the upper line of the descending channel.
📉 ALTCOIN $BAT — short during correction within the bullish channel
📊 Technical analysis
Volume capture in the liquidity zone and rejection from the upper boundary of the ascending channel. The H4 absorption candle and the bearish divergence on the RSI suggest a potential corrective move to the downside.
Bitcoin remains inside a broader descending channel and is currently facing resistance near the mid-range. A short-term pullback looks likely, as momentum shows early signs of exhaustion.
After this correction, if the price holds the lower support area, a renewed bullish move toward the upper boundary of the channel becomes possible.