Crypto has been under pressure, with two key chart developments being fodder for the bears. “Out of control” Bitcoin price action and a negative moving-average indicator point to additional downside.
In detail, megaphone setups consist of a minimum of lower lows and two higher highs forming during a period of high market volatility. But, generally, these patterns consist of five consecutive swings ...
TSCO stock chart by TradingView The weekly chart shows that the Tesco stock price has bounced back as we predicted in our recent forecast. It has remained above the 100-week moving average, a sign ...
The so-called "bullish megaphone" pattern might be the answer. An indication of potential for a significant surge in technical analysis is often shown by the bullish megaphone pattern. Known by ...
A bullish pattern on the ETH chart predicts a rally to $10,000, with $5,000 as the critical resistance level. Analysts stress that short-term volatility may precede ETH’s multi-year bullish expansion ...
(MENAFN- Crypto Breaking) Bitcoin could be on the verge of a significant breakout as charts reveal the formation of a“megaphone pattern.” Analysts predict a potential price target ranging from ...
The overarching pattern in stocks that I have been following for years is called a megaphone pattern. It is simply a series of higher highs and lower lows. The S&P 500 traced out a large megaphone ...
Buy the AUD/USD pair and set a take-profit at 0.6500. Add a stop-loss at 0.6350. Timeline: 1-2 days. Bearish view Sell the AUD/USD pair and set a take-profit at 0.6350. Add a stop-loss at 0.6500. The ...