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Crypto Chart Pattern Alerts — 21st December 2023 (including LINK, LSK, IOTX)

Welcome to today’s edition of Crypto Chart Pattern Alerts. This time, we looked at the hourly chart and found some promising patterns for tokens, such as IOTX, LINK, or LSK. Let’s dive right into it!

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LSK – Double Top identified (1H)

Chart Pattern Information

The hourly chart for LSK is currently revealing the formation of a ‘Double Top’ pattern, a bearish signal. It started unfolding on the 20th of December, 2023 at 09:00 AM with a starting price of 1.159. The most recent data traced back to December 21, 10:00 AM, indicating the pattern is not yet complete. The stop-loss is placed at 1.1997, and the first profit point is marked at 1.122. Since the pattern is still forming, the terminal is yet to be confirmed. Please monitor closely, as the chart highlights potential downtrend in LSK’s future price movements.

About LSK

Lisk (LSK) is a cryptocurrency launched in 2016. Lisk has a current supply of 144,818,773 with 128,900,444.52198455 in circulation. The last known price of Lisk is 1.16 USD and is up 0.66 over the last 24 hours. It is currently trading on 78 active market(s) with $5,552,730.08 traded over the last 24 hours. More information can be found at https://Lisk.com/.

Chart for LSK

LINK – Double Top identified (1H)

Chart Pattern Information

A Double Top pattern, typically bearish, is currently forming on the hourly chart for LINK. At 11:00 AM on 2023-12-18, it spiked to $14.43 (an a-price), five hours later it dropped to $13.86, but by 02:00 AM on 2023-12-19, it rose back to a c-price of $14.808. This pattern is not yet complete, it started at $13.86 and is expected to end around the same price or lower, considering its potential bearish outlook. Please notice that this pattern would enforce a stop-loss at $14.9028 with an expected first level of profit at $12.912.

About LINK

Chainlink (LINK) is a cryptocurrency and operates on the Ethereum platform. Chainlink has a current supply of 1,000,000,000 with 568,099,970.4527867 in circulation. The last known price of Chainlink is 14.65 USD and is up 1.52 over the last 24 hours. It is currently trading on 1521 active market(s) with $493,833,087.12 traded over the last 24 hours. More information can be found at https://chain.link/.

Chart for LINK

KMD – Double Top identified (1H)

Chart Pattern Information

The KMD hourly chart reveals the potential formation of a ‘Double Top’, a bearish chart pattern. As of December 21, 2023, at 00:00:00, its price was 0.2839, peaking from its start price of 0.2763 at 15:00:00 the previous day. By 09:00:00 on the same day, the price dovetailed back to 0.2763, marking the second top of the pattern. It’s paramount to note that this ‘Double Top’ pattern is still in its formation stage and is labeled incomplete. However, if matured, a bearish trend expected with stop loss advised at 0.2859, and a prospective profit of 0.2676.

About KMD

Komodo (KMD) is a cryptocurrency . Users are able to generate KMD through the process of mining. Komodo has a current supply of 136,870,414.02116 with 135,953,876.01938 in circulation. The last known price of Komodo is 0.281 USD and is up 3.59 over the last 24 hours. It is currently trading on 41 active market(s) with $1,020,151.22 traded over the last 24 hours. More information can be found at https://komodoplatform.com/.

Chart for KMD

IOTX – Double Top identified (1H)

Chart Pattern Information

On the hourly chart of IOTX, a ‘Double Top’ pattern is currently unfolding, indicative of a potential bearish market move ahead. With the pattern in formation still classified as ‘incomplete’, early indications started on 2023-12-20 at an initiation price of 0.05944, reaching a peak of 0.06499 on 2023-12-21. The pattern’s entry point is at 0.0594 and has a stop loss at 0.0655. If this pattern matures as expected, we may see profit take effect around 0.0539. Please note that this is an ongoing development and may need further confirmation from subsequent market movements.

About IOTX

IoTeX (IOTX) is a cryptocurrency launched in 2018. IoTeX has a current supply of 9,441,819,584 with 9,441,819,580 in circulation. The last known price of IoTeX is 0.0607 USD and is up 22.39 over the last 24 hours. It is currently trading on 172 active market(s) with $131,070,411.19 traded over the last 24 hours. More information can be found at https://www.iotex.io/.

Chart for IOTX

FTT – Triangle identified (1H)

Chart Pattern Information

There’s a potentially emergent triangle pattern on the FTT’s hourly chart, currently in formation. This commenced with point ‘A’ on December 20th, 2023, at 20:00, with a price of 3.64. The pattern progressed with ‘B’ at 3.85 on December 21st, 1:00, ‘C’ at 3.6561 at 6:00, and ‘D’ at 3.75 at 7:00. Anticipated intersection is pegged for December 21st, 11:00 at 3.665839868685032. Despite maturity, the pattern remains incomplete. Consistent monitoring is required to determine subsequent market behavior. Please be reminded the pattern type remains unspecified; thus, it doesn’t offer clear stoploss or entry indications yet.

About FTT

FTX Token (FTT) is a cryptocurrency launched in 2019and operates on the BNB Beacon Chain (BEP2) platform. FTX Token has a current supply of 328,895,103.813207. The last known price of FTX Token is 3.66 USD and is up 1.92 over the last 24 hours. It is currently trading on 205 active market(s) with $66,042,773.69 traded over the last 24 hours.

Chart for FTT

BLZ – Double Top identified (1H)

Chart Pattern Information

The hourly chart for BLZ is currently exhibiting a potentially budding ‘Double Top’ pattern. This bearish pattern, recognized for its potential to predict downward price movements, started forming on 17th December, 2023 at 10:00. Notably, the price peaked at 0.3724 on the 17th and again at 0.3744 on the 18th. Despite this suggestive symmetry, the pattern remains incomplete. Investors might consider entering at 0.327, with an advisable stop loss at 0.3791. A subsequent fall to 0.2796 could yield profits. However, due caution must be exercised as this pattern continues to form.

About BLZ

Bluzelle (BLZ) is a cryptocurrency and operates on the Ethereum platform. Bluzelle has a current supply of 500,000,000 with 426,454,176.7280512 in circulation. The last known price of Bluzelle is 0.367 USD and is up 9.11 over the last 24 hours. It is currently trading on 116 active market(s) with $24,477,317.30 traded over the last 24 hours. More information can be found at https://bluzelle.com/.

Chart for BLZ

ANT – Triple Top identified (1H)

Chart Pattern Information

A Triple Top pattern is potentially in the process of forming on the ANT hourly chart. This bearish pattern observed from ‘2023-12-19 03:00:00’ to ‘2023-12-21 03:00:00’ traditionally suggests a transition from bullish to bearish market conditions. The pattern initiates with a starting price of 5.3882, reaching a high at 5.739, and it is currently incomplete. If this pattern matures, the anticipated entry is 5.5103 with a stop loss at 5.7701. The first profit target is set at 5.2504. However, investors should monitor closely as the pattern’s formation and impact on price movement remain uncertain.

About ANT

Aragon (ANT) is a cryptocurrency and operates on the Ethereum platform. Aragon has a current supply of 43,179,223.55020611. The last known price of Aragon is 5.65 USD and is up 0.70 over the last 24 hours. It is currently trading on 162 active market(s) with $8,560,579.47 traded over the last 24 hours. More information can be found at https://aragon.org/.

Chart for ANT

ADX – Triple Bottom identified (1H)

Chart Pattern Information

A Triple Bottom bullish pattern is currently in process of forming on the ADX hourly chart. As of the pattern’s start time at 11:00 on 20th December 2023, the price was at 0.193. The pattern has since shown price points of 0.186 at 16:00, 0.1928 at 18:00, 0.186 at 20:00, 0.1926 at 22:00, and 0.1873 at 02:00 the next day. With pattern’s maturity still at 0, it remains incomplete. An entry point is proposed at 0.1923, with profits potentially reaching 0.1994, but a stop loss would be required at 0.1853 to mitigate potential losses.

About ADX

AdEx (ADX) is a cryptocurrency and operates on the Ethereum platform. AdEx has a current supply of 150,000,000 with 142,557,533.66 in circulation. The last known price of AdEx is 0.18992939 USD and is down -1.29 over the last 24 hours. It is currently trading on 60 active market(s) with $3,713,034.44 traded over the last 24 hours. More information can be found at https://www.adex.network/.

Chart for ADX

WAXP – Double Top identified (1H)

Chart Pattern Information

A Double Top chart pattern is currently building on WAXP’s hourly chart, signaling a potential bearish shift. The pattern started forming on 2023-12-18 at a price of $0.066. A peak of $0.0697 was reached on 12-19, dipping to $0.066 on 12-20, and then peaking again at $0.072 on 12-20. Please note, this pattern is incomplete and a full formation would signify a sell entry point at $0.066, with a stop loss set at $0.0726. Investors following this pattern could potentially target profit at $0.06. However, this requires close observation as the pattern is still forming.

About WAXP

WAX (WAXP) is a cryptocurrency . WAX has a current supply of 4,100,477,726.062954 with 3,388,271,029.19832 in circulation. The last known price of WAX is 0.0705 USD and is up 1.18 over the last 24 hours. It is currently trading on 88 active market(s) with $13,044,072.99 traded over the last 24 hours. More information can be found at https://wax.io/.

Chart for WAXP

IRIS – Double Top identified (1H)

Chart Pattern Information

The IRIS hourly chart is currently in the process of forming a bearish “Double Top” pattern. It started its formation on 2023-12-19 at 22:00 with an opening price of 0.02747. It reached a high of 0.03071 on 2023-12-20 at 17:00 before continuing its downward trajectory. As of 2023-12-21 at 05:00, the end price was 0.02747, showing potential for more downward movement. Entry point for this pattern is at 0.0275 with the stop-loss set at 0.031. The first profit target is at 0.0242. Do bear in mind that this pattern is still incomplete and under formation.

About IRIS

IRISnet (IRIS) is a cryptocurrency . IRISnet has a current supply of 2,176,868,583.421029 with 1,522,466,282.050533 in circulation. The last known price of IRISnet is 0.029 USD and is up 2.50 over the last 24 hours. It is currently trading on 46 active market(s) with $2,658,449.32 traded over the last 24 hours. More information can be found at https://www.irisnet.org/.

Chart for IRIS

For more chart patterns, trading signals, and crypto data, download our app in the Appstore or Playstore: Download Now

Tamás Hám-Szabó

Founder of SAAS First - the Best AI and Data-Driven Customer Engagement Tool

With 11 years in SaaS, I've built MillionVerifier and SAAS First. Passionate about SaaS, data, and AI. Let's connect if you share the same drive for success!

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