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Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal
26.6.2024
On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where...
Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders
5.5.2024
The inverse head and shoulders pattern forming "would make sense" if Bitcoin doesn't "break straight through" to $67,500, according to a crypto analyst
Dogecoin Price Prediction as DOGE Forms Bearish Head and Shoulders Chart Pattern – 30% Drop Incoming?
25.4.2024
DOGE has fallen by 8% today, with the Dogecoin price slipping to $0.149 in the past 24 hours, as the cryptocurrency market tumbles by 5%.
The post Dogecoin Price Prediction as DOGE Forms Bearish Head and Shoulders Chart Pattern – 30% Drop Incoming? appeared first on Cryptonews
First Mover Americas: A 'Head-and-Shoulders' Case for Altcoins
11.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Chalks Out 'Head and Shoulders' Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments
5.5.2023
Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie's analysts said
Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets
20.5.2022
Traders say Ethereum needs a monthly close above $2,250 to regain bullish momentum, but a bearish technical analysis pattern on the weekly timeframe threatens to push ETH price to new lows first
Terra (LUNA) at risk of 50% drop if bearish head and shoulders pattern plays out
28.1.2022
LUNA price is at risk of further downside, but analysts point to a possible rebound as the altcoin tests a reliable, multi-month moving average as support
Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce
23.1.2022
A confirmed head and shoulders pattern on SOL’s daily chart points toward a drop to $70
REN price at risk of 50% drop after a bearish trading pattern shows up
5.1.2022
Nonetheless, the long-term technical setup and strengthening protocol metrics indicate bullish continuation
This key trading pattern hints at the continuation of Fantom’s (FTM) 125% rebound
4.1.2022
A bullish inverse head and shoulders chart pattern suggests that FTM price could see extended upside
Gaming crypto GALA rallies nearly 350% in November — Correction ahead?
22.11.2021
The incredible price rally appeared in line with a bull run across gaming and metaverse tokens
Ethereum 'head & shoulders' chart pattern puts ETH price at risk of dropping to $2K
21.9.2021
The bearish setup positions Ethereum price to extend the decline toward $2,000
Cardano risks 60%-90% drop, warns trader with ADA painting a classic bearish pattern
30.7.2021
Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%
Billionaire Fund Manager Jeffrey Gundlach Convinced Bitcoin Will Fall Below $23K, US Dollar Is ‘Doomed’
18.7.2021
Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has predicted that the price of bitcoin will fall below the $23K level. “Right now, the chart on bitcoin looks pretty scary,” he said, adding that “it looks like a massive head-and-shoulders...
While Bitcoin Hits New Lows Gold Bug Peter Schiff Blasts the Top Crypto and Supporters
23.6.2021
The American economist, financial commentator, and gold bug Peter Schiff had a lot to say about bitcoin’s price sliding on Tuesday. Schiff has always claimed bitcoin’s value will one day drop to nothing. This week he insists bitcoin’s chart shows a head and shoulders top pattern...
Even Elon Musk can't save Dogecoin from crashing another 60%, analyst asserts
18.6.2021
The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go
Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps
14.4.2020
Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively...