Hossein_Fatapour_IRAN

On the 4-hour timeframe, we can clearly see that the downtrend line has been tested multiple times, so the probability of a breakout is very high. Of course, price tolerance should always be considered. My guess is that from the current price or around $81K, Bitcoin has likely bottomed.

The Bitcoin chart clearly shows trendline support from the bottom, and the gap has been filled. I’m gradually expecting growth now.

According to the daily analysis where a breakdown has occurred, the daily breakdown point must be touched, meaning the range of $180. In this one-hour chart, my perception is that beautiful patterns like triangles and channels are forming, and given the very clear negative divergence, it is evident that it will break from the bottom.

It is in a one-hour channel, and based on the daily time analysis, I expect a drop to the $2900 range. We are in a time when most traders mistakenly think we are in the ALT season, but before that, we will have a drop because the negative divergence is very clear to everyone.

The negative divergence is very clear; in the previous analyses I sent, I explained that it has broken the daily trend line and is currently at another trend line resistance, which is the current point. My expectation as a technician is a drop in the price of ADA to the $0.5 range.

The daily trend line has been broken, and until the trend line drawn from the minor highs is reached, I currently expect a very sharp correction to the $0.55 area, which will be exactly 55%.

It should have a correction to the range of 0.555, both due to the correction after breaking the daily trend line, and because of the support from the Tether market, as well as reaching the dynamic resistance.

A very clear negative divergence, breaking the ascending wedge pattern, a pullback to the breakout area, the need for a pullback after breaking the major daily trend line, all of these indicate a temporary correction of this cryptocurrency to the $180 area.

The harmonic pattern of the cup is clearly visible, the major trend line has been broken, but to continue its path, it needs to experience a correction to the $180 range and then continue its crazy growth up to the 1.27 Fibonacci extension.

Traders who are in profit should take their profits, as this currency is expected to experience a 50% drop. The four-hour trend line has been broken in the past, and a pullback should occur in the direction of the break for continued growth. In any case, you are free to make your own decision.