ravivhe94

Since its breakout above the resistance line at $544, META has been consolidating for almost 2 months within a parallel rectangle. The consolidation area is highlighted in yellow (B). This consolidation could potentially end with a breakout above the resistance line at $602. Considering that the next 2 weeks are expected to be volatile (the first 2 weeks of December in an election year), I believe META will test its support line, possibly close the bull gap (C), and then rise with momentum to break out above $602. When we zoom out, we can see that META is within an ascending channel (A), right in the middle. We can also see that META tends to consolidate towards the lower boundary of the channel and then rise, which supports the analysis of the consolidation area in (B). Conclusion: In the short run, we may see some downside, but in the long run, I believe META will continue to rise and potentially reach the target price of $660, which is the height of the consolidation area (B).

A massive cup-and-handle pattern is forming in ETHUSD (yellow), with the handle currently in the process of forming.An interesting observation is that the handle itself contains a smaller cup-and-handle pattern (purple), which has already successfully broken out.Beyond the technical analysis, applying the Dynamic Time Warping (DTW) algorithm combined with cubic splines to evaluate the similarity between the two cup-and-handle patterns results in a value of 0.66, indicating a significant resemblance between them.This notable similarity, along with the breakout of the smaller cup-and-handle pattern, supports the potential breakout of the larger cup-and-handle pattern, which may occur in the near future.