SPX 12H view

We can see a liquidity hunt taken place with an upper wick.

Also, we can see that SPX broke the rising wedge and now seem to be retesting: Which looks bearish, Therefore keep an eye on the market, If this setup plays it will be bearish for Crypto too..

😎@CryptoCoinsCoach

Ascending Channel Pattern

🔅An ascending channel is a chart pattern formed from two upward trend lines drawn above and below a price representing resistance and support levels.

🔅It is a bullish chart pattern defined by a trend line supporting the series of higher lows and a diagonal resistance level connecting the higher highs.

🔅It is more likely to breakdown because any uptrend is followed by a correction in every market.

🔅In the case of an Ascending Channel chart pattern, the stop loss should be placed at the previous high of the pattern.

🔅The limitation for the target will be the previous support level which was formed before by the price action.

😎@CryptoCoinsCoach

Descending Triangle pattern

🔅Descending triangles are the exact opposite of ascending triangles.

🔅In descending triangle chart patterns, there is a string of lower highs that forms the upper line. The lower line is a support level in which the price cannot seem to break.

🔅This is a bearish pattern and when the market looses the support it’ll drop.

🔅In the case of a Descending triangle chart pattern, the stop loss should be placed at the previous high of the pattern.

🔅The limitation for the target will be the previous support level which was formed before by the price action.

😎@CryptoCoinsCoach

BTC: on the verge of breaking down the parabolic support followed by the rising channel support.

😎@CryptoCoinsCoach

What's your idea about 💰 BTC?

BTC will follow the path .......!

A - 👀

B - 👨‍💻

😎@Coach

💰ETH : 3rd target done 📉✅

🥳@Coach

Possible swing for 💰 BNB.

◾️New targets updated📉 .

🥳@Coach

Exact range predicted by one and only 🥳CCC 😎

😎@Coach