Category: News

Ethereum price chart is currently showing an intriguing technical formation—a classic inverse head and shoulders pattern. This pattern, developed over the past three years, suggests a bullish reversal, and many analysts are now predicting that if Ethereum (ETH) breaks above the $3,400 neckline, it could reach an impressive $12,000. Let’s dive into the details of […]

/PlutoChain/ – Ethereum’s price action these days is particularly interesting, as technical analysts spot a compelling inverse head and shoulders pattern on the charts. This classic bullish reversal formation, developed over the past three years, suggests ETH could reach $12,000 if it breaks above the crucial $3,400 neckline. The pattern’s alignment with key resistance levels […]

A crypto analyst has identified a new technical indicator in the Dogecoin price chart called the Inverse Head and Shoulders pattern,” believing it could be a strong signal for a bullish surge. Based on this technical pattern and Dogecoin’s recent market momentum, the analyst has set a new bullish target of $10 for the number […]

In the past week, Ethereum (ETH) has dropped 9.3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is bullish. Can Ethereum Recover? Analysts Weigh In […]

The BTCUSDT 4H chart shows an inverse head and shoulders pattern, a bullish reversal signal. RSI is recovering near oversold territory, and Stochastic hints at a potential upward momentum. Price targets breakout beyond $102,000 with further resistance near $106,000. Support lies around $94,000. A decisive neckline break could signal a rally toward $116,000. Bullish continuation […]

The Altcoin Season Index has formed a bullish inverse head & shoulders pattern over 3.5 years. Analysts predict that most profits in this cycle will come from the altcoin market in the coming weeks. Investors are watching closely as altcoins are poised for a breakout following Bitcoin’s market dominance. The cryptocurrency market may be in […]

Key Takeaways Uber shares lost ground Monday but are still near record highs after investors saw little threat to rideshare companies from Tesla’s highly anticipated robotaxi unveiling last week. A chart-based price target using the measuring principle projects a potential move up to $93, an area where investors may decide to lock in profits. Investors […]

Created on October 15, 2024 Bullish View Buy the BTC/USD pair and set a take-profit at 70,000. Add a stop-loss at 62,000. Timeline: 1-2 days. Bearish View Sell the BTC/USD pair and set a take-profit at 60,000. Add a stop-loss at 70,000. Bitcoin price drifted upwards, reaching a high of $65,840, its highest point since […]

Market expert Don Gambardello speculates an imminent Bitcoin breakout from a multi-year head and shoulders (H&S) pattern that could catalyze an explosive uptrend to six figures. Bitcoin appears to have rediscovered its form today after an over 3% upside above $71,000. The surge pushed the asset to a four-month price high, last seen in June. […]

Shiba Inu (SHIB) may be laying the groundwork for a bullish push as market analyst Alex Clay highlights an Inverse Head and Shoulders pattern on the daily chart.  According to the chart, this pattern, which often signals trend reversals, indicates that SHIB could be on the brink of an upward breakout. Clay has identified three […]