PeakTrades94

CSPR is forming a bull pennant on the 4H timeframe and is on the verge of break out. After recently breaking out of a falling wedge on the daily chart, we're now seeing a second bullish continuation pattern develop, making the overall structure for CSPR appear very bullish. The last time CSPR broke out of a falling wedge on the daily timeframe, the price surged over 180% . That move was followed by a sharp pullback with long wicks, eventually forming a new falling wedge. Given CSPR’s history of short but explosive moves (high volatility), it’s advisable to use a tight TP when trading this setup. I’m anticipating another potential rejection near the $0.026 zone which could still offer upside potential of around 125% . For a more conservative approach, you could aim for the upper boundary of the wedge, which currently sits around $0.019 . Let’s reach the summit together! 📝 Note I'm currently building a portfolio of crypto analyses here on TradingView. Your feedback, tips, or validation are greatly appreciated, especially as I continue developing this skill further!

Velo is approaching a critical breakout. After a recent break out of a double bottom pattern on the weekly chart, Velo has now successfully retested the neckline as confirmation (as seen in the wick touching the yellow line). Velo is currently challenging the final resistance zone between $0.018 and $0.020. A clean break above $0.020 would open up the path toward the $0.040 level with relatively little overhead resistance. Having gone through an extremely deep bear market, Velo still holds significant upside potential. This is clearly visible at the major resistance it’s been testing since early 2023 (marked by the red line), which has now been tested three times. Should Velo break above this structure, we could begin targeting much higher levels since there is little resistance after, such as the 0.786 Fibonacci retracement level ($1.50) , or even the previous ATH near $2.00 . That said, these remain speculative until a confirmed breakout occurs above the current major resistance. For now, I’ll be taking partial profits around $0.04 , as it represents a key technical level and a logical area for a pause or rejection. Let’s reach the summit together! 📝 Note I'm currently building a portfolio of crypto analyses here on TradingView. Your feedback, tips, or validation are greatly appreciated, especially as I continue developing this skill further!NOTE: apologies! I forgot that I left the Fib. retracement on at the Logarithmic version of the chart. the 0.786 Fib. level of $1.50 is correct though, unfortunately I can't update this post with a new chart. so forget the second screenshot analyses, it's just to give an idea of price structure with a clear view of the resistance (red line)

XLM appears to be gearing up for a strong upside move. Several technical signals have aligned recently, and we are now witnessing the early signs of a bullish breakout.I'd like to share this opportunity with you by walking you through my analysis — moving from smaller to higher timeframes:🔹 4H – Double Bottom FormationOn the 4-hour chart, XLM has formed a clear double bottom structure. A successful retest of the neckline has just taken place, strengthening the case for a bullish continuation.🔹 4H – Descending Channel BreakoutWe’ve also seen a breakout from a descending channel, followed by a textbook retest. The initial target from this pattern lies between $0.325 and $0.35 (TP1).Interestingly, this range also aligns with the neckline of a potential double bottom pattern visible on the weekly chart — more on that shortly.🔹 Daily – Falling WedgeZooming out to the daily, XLM is still respecting a long-term falling wedge pattern. Since no new lower low was printed after the wedge was formed, this pattern remains valid.If this wedge breaks out with strength, the potential target lies around $0.56 to $0.60 (TP3) — which also corresponds to a significant resistance zone.🔹 Weekly – Double Bottom StructureOn the weekly timeframe, we can spot a developing double bottom. This structure supports the idea of reaching the previously mentioned $0.35 zone.If XLM breaks above and holds the neckline as support, the next bullish target could be around $0.44 (TP2).🔹 Multi-Year Resistance & Fibonacci RetracementNow this is where things get really interesting. When zooming out further, we can see that XLM is still testing a multi-year resistance zone — similar to multi-year resistance (pennant) XRP recently broke out of.This resistance also lines up with the 0.786 Fib retracement from the previous bull market.A clean breakout from the falling wedge, supported by solid volume, could lead to a strong test of this area — and potentially flip it into support on a macro level.Although it’s difficult to set precise targets beyond that, one potential scenario could be:A breakout above multi-year resistanceA move toward the previous bull run ATHA retest of the 0.786 Fib or the old multi-year resistance as new supportWhile speculative, XLM's rapid 2-week move back in November shows how quickly momentum can build.✅ ConclusionAll in all, the technical structure across multiple timeframes looks extremely bullish, and I expect rising volume to confirm this soon.Let’s reach the summit together!📝 NoteAt the time of writing and drawing, XLM was trading around $0.0265 USDT. Since completing this analysis, price action has already started to accelerate.I'm currently building a portfolio of crypto analyses here on TradingView. Your feedback, tips, or validation are greatly appreciated — especially as I continue developing this skill further!XLM is currently trying to break the neckline of the double bottom structure on the weekly timeframe.I expect it will reach TP1 very soon but keep in mind that it may retest the double bottom structure in the coming weekend or next week before more upward movement will occur.this might be an extra opportunity to fill your XLM bags (not financial advice!)I will keep this trade updated.