paper_Trader1775

The Bulls recently had a bullish breakout on the daily which is encountering resistance at the 21 EMA on the daily. However, last candle on the weekly brought in a bearish MACD(Chris Moody) on the weekly chart. Bulls be careful the bears are still lurking. Bulls need price to overcome 108K on the weekly. Thank you for your time

Bitcoin’s recent price action on the daily chart is forming a clear **falling wedge pattern**, a technical structure often associated with bullish reversals. After breaking down from its summer uptrend, price has been consolidating within this narrowing channel, marked by descending trendlines and lower volatility, as evidenced by the declining volume throughout the wedge’s development. Key support levels around 106,741 and 104,753 are holding firm, while major resistance sits at the wedge’s upper boundary and above 109,478, setting the stage for a decisive move. This wedge puts Bitcoin at a critical inflection point: a breakout above resistance would signal renewed bullish momentum and likely attract buyers looking for confirmation, while continued rejection could prolong the corrective phase. Traders should watch for increased volume and a daily close above the wedge line for a credible reversal signal, as the structure and recent price history favor an upside resolution heading into September.(Some help from Perplexity)

Price has broke down from its consolidation and breached below the 10 EMA in purple (111,813). Now price is forming on the 21 EMA in yellow, the 108K price area, if price close below that, price could possibly see more downside.

BTC is approaching a key area on the weekly chart, the midpoint of the parallel channel, and also the 21 EMA(in yellow 107,573$). We still have to wait until Sunday to see if we get a close below the 10 EMA (in purple 112,600$). This weekly candle may tell us if we may temporarily see 95K$.

We have Tesala facing resistance on the daily at 345.98 and also resistance in the upward parallel channel. However, the EMA's are lined up nicely 10 in purple 21 in yellow and 50 in blue and 200 in orange. If we get a pullback, hopefully it would just be to the 21 EMA 333.62 and maybe the pull back is over?Let's see if we get a bullish candle on the 10 EMA. Have a nice day

AMZN is facing resistance from a downward trendline and resistance at 233$, if price does not overcome these levels price may possibly retreat to the 227$ or 225$ price area.

Price has found support on the 1 WEEK 50 EMA 0.20721(grey line) and on top of the Fibonacci golden zone again. Price is also resting on top of the 50 daily EMA in blue 0.20349. If price can close higher with momentum and volume over the 0.22436 level, that may possibly invalidate the possible Head and Shoulders formation and start a new bullish structure.

It seems BTC has begin to break from its consolidation. If it closes below the 10 EMA the bears may celebrate, keep your eyes on the on the 10 EMA in purple 112,900K price area. Please wait for candle to finish printing, even though it looks bad it could be a fake out. Please see chart for key levels.

PELE has recently pulled back to the 21 EMA and the 0.236 Fibonacci layer on the hourly chart. If price can break the 10 EMA (in purple) the 0.00001128 price zone we can possibly target the next resistance level on the chart

Descending triangle forming on the hourly. Price pull back to the 0.382 Fibonacci Zone; and then started to make a descending triangle. We have a EMA stack, and recently the 50 EMA crossed over the 200 EMA. Let us keep an eye on the descending triangle, and watch out for the direction of the Breakout or more consolidation.