Welcome to today’s edition of Crypto Chart Pattern Alerts. This time, we had a look at the daily chart and found some promising patterns for tokens, such as HBAR, Cardano (ADA) or Litecoin (LTC). Let’s dive right into it!
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LTC – Double Bottom identified (1D)
Chart Pattern Information
An interesting pattern is currently forming in the hourly chart of LTC. The pattern, known as a ‘Double Bottom’, indicates a bullish trend. OBSERVATION: The pattern starts with LTC valued at $74.22 at 4:00 AM on December 11, 2023. It dips to $71.94, rallies back to $74.22, then falls again to $71.47 by the evening of that same day. This pattern suggests that if the price reaches its entry point again at $74.22, it may potentially surge up to the profit marker of $76.97. However, bear in mind, it’s still incomplete. An insightful reminder to keep a vigilant watch.
About LTC
Litecoin (LTC) is a cryptocurrency . Users are able to generate LTC through the process of mining. Litecoin has a current supply of 84,000,000 with 73,976,101.5825902 in circulation. The last known price of Litecoin is 71.36 USD and is down -1.42 over the last 24 hours. It is currently trading on 1061 active market(s) with $349,280,562.58 traded over the last 24 hours. More information can be found at https://litecoin.org/.
HBAR – Double Bottom identified (1D)
Chart Pattern Information
The HBAR hourly chart shows a potential bullish pattern forming, referred to as a ‘Double Bottom’. Since 05:00 on December 11th, 2023, the price has fluctuated between 0.07 and 0.0729, signalling the formation of this pattern. However, this pattern remains incomplete and needs to mature before making entry at 0.0729. The projected profit from this pattern is 0.0775, with a stop loss at 0.0678 to limit downside. As with any trade, caution is advised until the chart pattern successfully completes. We will continue monitoring the developments until 08:00 on December 12th, 2023.
About HBAR
Hedera (HBAR) is a cryptocurrency launched in 2017. Hedera has a current supply of 50,000,000,000 with 33,576,848,010.29124 in circulation. The last known price of Hedera is 0.0744 USD and is up 4.41 over the last 24 hours. It is currently trading on 200 active market(s) with $92,918,097.73 traded over the last 24 hours. More information can be found at https://www.hedera.com/.
Crypto Chart Pattern Alerts — 11th December 2023 (AVAX, BNB, ALGO, and many more)
Crypto Chart Pattern Alerts, 9th December 2023
ATM – Double Bottom identified (1D)
Chart Pattern Information
A potential bullish ‘Double Bottom’ pattern is currently in the process of forming on the hourly ATM chart as of 2023-12-11. At 03:00, the pattern started forming initially with a price of 2.8, dipping to 2.725 by 09:00, and then hitting 2.8 again at 13:00. The pattern saw a subsequent dip to 2.673 at 19:00. The chart suggests entry at 2.8 with a proposed stop-loss at 2.6603. The pattern offers a potential profit target of 2.927. Please be advised, the pattern formation yet remains incomplete, and these figures are subject to change as they mature.
About ATM
Atletico De Madrid Fan Token (ATM) is a cryptocurrency and operates on the Chiliz platform. Atletico De Madrid Fan Token has a current supply of 10,000,000 with 3,929,286 in circulation. The last known price of Atletico De Madrid Fan Token is 2.61 USD and is down -3.68 over the last 24 hours. It is currently trading on 43 active market(s) with $2,269,583.64 traded over the last 24 hours. More information can be found at https://www.socios.com/atletico-de-madrid/.
ATM – Double Bottom identified (1D)
Chart Pattern Information
A potential bullish ‘Double Bottom’ pattern is currently building on the daily ATM chart. Initiated on 2023-12-11 at 03:00:00 with a start price of 2.8, the chart first demonstrated a dip to 2.725 at 09:00:00 before peaking again at 2.8 at 13:00:00. The chart showed a second dip at 19:00:00, reaching 2.673. With a set stop loss at 2.6603, the target profit is slated at 2.927. Key is that the pattern is yet to mature and remains incomplete, with the end price predicted to be 2.8 on 2023-12-12 at 00:00:00. Progress must be continuously monitored.
About ATM
Atletico De Madrid Fan Token (ATM) is a cryptocurrency and operates on the Chiliz platform. Atletico De Madrid Fan Token has a current supply of 10,000,000 with 3,929,286 in circulation. The last known price of Atletico De Madrid Fan Token is 2.61 USD and is down -3.68 over the last 24 hours. It is currently trading on 43 active market(s) with $2,269,583.64 traded over the last 24 hours. More information can be found at https://www.socios.com/atletico-de-madrid/.
ADX – Double Bottom identified (1D)
Chart Pattern Information
The ADX daily chart is signaling the formation of a potentially bullish ‘Double Bottom’ pattern. Initiated at 0.1762 on Dec 11, 2023, the pattern shows prices declining to 0.1656 at 07:00 and then rising to 0.1762 by 14:00 the same day. A possible second bottom at 0.1693 is indicated at 21:00. The pattern currently remains incomplete, suggesting further consolidation and potential buying into the ADX at the said entry level. The targeted profits are pegged at 0.1868 with a stop loss at 0.1645, indicating rewarding risk-reward prospects. Please note, this pattern is in the process of forming.
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 0.1712 USD and is down -1.33 over the last 24 hours. It is currently trading on 59 active market(s) with $2,205,933.43 traded over the last 24 hours. More information can be found at https://www.adex.network/.
ADA – Double Bottom identified (1D)
Chart Pattern Information
The ADA daily chart reveals an interesting pattern potentially in the process of forming. Specifically, we’re looking at a ‘Double Bottom’ pattern, typically a bullish signal. The pattern started to take shape on the 11th of December, 2023, with an initial plunge to 0.5385, a rebound to 0.5627, and a second drop down to 0.5222. The formation isn’t complete yet and the entry point stands at 0.5627. If completed, the projected profit target is set at 0.6032. So, while this graphical pattern matures, investors should keep an eye out for a bullish reversal.
About ADA
Cardano (ADA) is a cryptocurrency launched in 2017. Cardano has a current supply of 36,439,975,031.087 with 35,327,647,509.149 in circulation. The last known price of Cardano is 0.559 USD and is down -0.85 over the last 24 hours. It is currently trading on 998 active market(s) with $1,223,049,835.10 traded over the last 24 hours. More information can be found at https://www.cardano.org.
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