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XRP technical analysis shows a bullish cup and handle pattern forming, with key resistance at $3.40 and breakout targets potentially aiming for $7.
Proponents of technical analysis believe that there is a large set of identifiable patterns that can reliably – though not definitively – predict both short- and long-term stock price moves.
CoinGlass data revealed that for Ripple (XRP), the major liquidation levels are at $2.89 on the lower side and $3.07 on the ...
Solana breaks above $175 resistance with strong volume growth, targeting $219-$300 range as technical patterns and ...
XRP tests critical $3.10 support after 10.3% drop while network activity collapses despite whale accumulation.
Cardano forms a bullish cup and handle pattern, targeting $4. Analysts see major upside as ADA nears breakout from key ...
Ethereum price has formed a bullish pattern but needs to breach the resistance around $3,326. The CMF indicates that the market is buying the ETH dip and supporting the price forecast. With ...
Bitcoin (BTC) has surged past $118,000, breaking out of key resistance zones and reigniting bullish sentiment across the market. A confirmed cup-and-handle ...
Fibonacci One of the most popular patterns in technical analysis is the Fibonacci retracement. In simple terms, every correction should stop at 38.2%, 50%, 61.2% or 100% of the previous bull run.
Those who use technical analysis as an investment tool also may be optimistic about Amazon these days. That's because the stock recently showed a pattern that indicates a bullish phase.
All of this means that, while technical analysis is interesting, it wouldn't prompt me to buy or sell. But a close look at Amazon's long-term prospects would make me a buyer of this market leader.
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