In this article we are going to mention 4 altcoins that are in this exact moment forming bullish patterns on charts. Lately Bitcoin- as predicted- broke out of the symmetrical triangle and right now is facing the resistance of 36500$. Being stable at this level will lead other altcoins to start pumping, recovering previous highs. In continuation we will provide the readers with the chart of each altcoin, our technical analysis, and possible targets for the next trades.
1. Bitcoin Cash
This is our first altcoin forming a bullish pattern on charts.
This chart represents BCHUSDT on 4hr timeframe, in this chart you can observe the formation of an ascending triangle. Breaking above 445$ and closing 4 hour candle above this level, will eventually lead BCH to 468 as first target, 513 as second target and 537 as third target. It is important is case of a pullback to observe the green trend line if it will hold the price acting as a support.
2. XLM
Similar to BCH, XLM is also forming an ascending triangle. Until this moment XLM held perfectly the trend line, forming higher lows. Breaking out of 0.34950$ will lead to our targets of 0.389$, 0.419$ and 0.493$ respectively.
3. OCEAN
Ocean is about to break all time resistance of almost 0.6132$, closing a 4hr candle above this level, based on EWT and Fibonacci Retracement tool, the second wave have been concluded eventually, the target of the third wave will be between 0.69$ and 0.76$. With final target of 0.82$. In this case it is important to hold on 0.382 and 0.618 levels for the continuation of this trend.
4. VeChain
Following the latest dump on Bitcoin, VET broke below the previous trend line, which was considered as a support, leading to a dip of almost 15% loss. Lately VET have been trying to recover the previous levels, retesting the resistance line on 2 chances. Breaking above 0.030446$ will lead to 0.0325$ as first target and 0.0355$ as second target.
These 4 altcoins will follow Bitcoin if a new pump is about to happen, technical and fundamental analysis suggest that these four coins are ready for a new rally and new targets.
This was a brief TA on what we think as massive trade opportunity. Please remember to trade wisely.
We would appreciate a follow, like, comment on what you would like us to analyse and a tip.
Thanks for your attention,
Crypto Army
