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 LUNA, IRIS, or VET. Let’s dive right into it!
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IRIS – Double Top identified (1H)
Chart Pattern Information
The hourly chart indicates a potential double top pattern for IRIS, a bearish signal. As of 17:00 on December 20, 2023, when the last price of 0.03071 was recorded, the structure of the pattern remains incomplete. Confirmation depends on whether the price falls to the tentative entry level of 0.0275. With an initial starting price of 0.02747, a potential first profit level is suggested at 0.0242. However, traders should approach with caution, as the stop loss is set at 0.031. This unfolding pattern serves as a crucial marker for those monitoring IRIS.
About IRIS
IRISnet (IRIS) is a cryptocurrency . IRISnet has a current supply of 2,176,788,311.157774 with 1,522,386,009.787278 in circulation. The last known price of IRISnet is 0.02877178 USD and is up 0.48 over the last 24 hours. It is currently trading on 46 active market(s) with $3,986,589.54 traded over the last 24 hours. More information can be found at https://www.irisnet.org/.
OOKI – Double Top identified (1H)
Chart Pattern Information
Currently, a ‘Double Top’ pattern is in the process of forming on the hourly chart of OOKI. This bearish chart pattern began on ‘2023-12-20 02:00:00’ from a start price of 0.002157, peak at 0.002295, a drop to 0.002157 and then rise again to 0.002259. If the pattern gets confirmed and matures, the entry to the market would be at 0.002157. It would be prudent to set a stop-loss point at 0.0023088 to mitigate potential losses. Notably, the first profit target would be 0.002019. However, as of ‘2023-12-20 20:00:00’, the pattern remains incomplete.
About OOKI
Ooki Protocol (OOKI) is a cryptocurrency launched in 2021and operates on the Ethereum platform. Ooki Protocol has a current supply of 4,777,132,702.42905 with 4,558,586,607.29286 in circulation. The last known price of Ooki Protocol is 0.00221377 USD and is up 0.85 over the last 24 hours. It is currently trading on 53 active market(s) with $2,750,094.94 traded over the last 24 hours. More information can be found at https://ooki.cc.
HIVE – Triple Top identified (1H)
Chart Pattern Information
The HIVE hourly chart is signaling a potential formation of the ‘Triple Top’ pattern, which traditionally suggests a bearish market outlook. As of now, this pattern is still in the process of forming and is classified as incomplete. With notable points: A at $0.3525 on Dec 19, 09:00, B at $0.3383 on Dec 19, 17:00, and C at $0.3468 on Dec 19, 21:00. Furthermore, the potential entry point is set at $0.3392, with a stop loss at $0.3594. However, keep in mind this is pending further chart development. This analysis should always be used alongside a comprehensive market analysis.
About HIVE
Hive (HIVE) is a cryptocurrency launched in 2020. Hive has a current supply of 500,749,242.945. The last known price of Hive is 0.35402024 USD and is up 2.34 over the last 24 hours. It is currently trading on 45 active market(s) with $3,098,740.78 traded over the last 24 hours. More information can be found at https://hive.io/.
VET – Triple Top identified (1H)
Chart Pattern Information
The ‘Triple Top’, a bearish pattern, is potentially forming on the hourly chart of VET as of December 20, 2023. This pattern started taking shape on December 19, 2023, when the price was at 0.03104833. Since then, the price has been fluctuating between 0.03154 and 0.03391. Currently, the pattern is still incomplete and signifies a potential downturn if it matures. The planned entry point is at 0.0324, with a projected profit of 0.0272. However, it’s important to note that this is subject to the pattern fully forming and market conditions. A stop-loss has been set at 0.0375 for risk management.
About VET
VeChain (VET) is a cryptocurrency . VeChain has a current supply of 85,985,041,177 with 72,714,516,834 in circulation. The last known price of VeChain is 0.03471882 USD and is up 5.37 over the last 24 hours. It is currently trading on 261 active market(s) with $168,829,952.93 traded over the last 24 hours. More information can be found at https://www.vechain.org/.
LUNA – Triangle identified (1H)
Chart Pattern Information
The hourly chart of LUNA is currently depicting the formation of a potential ‘Triangle’ pattern. The pattern initiated at a price of 0.9836 on 2023-12-20 at 01:00:00, falling to a low of 0.9369 by 07:00:00, and recovering slightly to 0.9815 by 14:00:00. The latest data point shows the price at 0.95 on the same day at 16:00:00. The intersection is expected at a price of 0.9780625264270603 on 2023-12-21 at 10:00:00. It’s important to note that this pattern is still maturing, thus the status remains ‘incomplete.’ Ultimately, the completion of this chart pattern will be pivotal in determining LUNA’s future trajectory.
About LUNA
Terra (LUNA) is a cryptocurrency launched in 2022. Terra has a current supply of 1,004,262,701 with 609,908,521.876645 in circulation. The last known price of Terra is 0.93874449 USD and is down -1.86 over the last 24 hours. It is currently trading on 147 active market(s) with $81,785,302.82 traded over the last 24 hours. More information can be found at https://terra.money/.
ZRX – Double Top identified (1H)
Chart Pattern Information
A potentially bearish “Double Top” chart pattern is currently forming on the ZRX hourly chart, according to recent data. This pattern initiated on the 18th of December, 2023, at 20:00 when ZRX was priced at 0.3604. The pattern’s development was marked by a high of 0.3754 on December 19th at 12:00 and a subsequent dip to 0.3604 at 18:00, followed by a rally to 0.3836 on the 20th at 09:00. As of 12:00 on December 20th, the pattern remains incomplete with an end price of 0.3604. Keep an eye on this formation, as its completion could signal a possible downward trend.
About ZRX
0x Protocol (ZRX) is a cryptocurrency and operates on the Ethereum platform. 0x Protocol has a current supply of 1,000,000,000 with 847,496,054.8027713 in circulation. The last known price of 0x Protocol is 0.37822519 USD and is up 3.13 over the last 24 hours. It is currently trading on 325 active market(s) with $15,125,962.88 traded over the last 24 hours. More information can be found at http://0xprotocol.org/.
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