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The $HYPE has now broke out of the upward trend channel suggesting that momentum might now be changing. The bull formation is weakening and there is scope for a deeper retracement.
A confirmed break down here should then see the trend move lower towards further support regions, a break back into the channel is what will need to occur in order to restore the bull trend.
$BTC is showing some strength & #Total3 is lagging, but not for long. The HTF flat (ABC) correction looks to be finished and it's time for that next leg up!
Time is impossible to predict but fibs are suggesting the next local top in Q4 (2026) -Q1 (2027)
$SCRT is still executing our short term plan! Everyone wants to go to the moon immediately and without any pullbacks. I got news.. It rarely happens.. Just hodl spot and chill! #SCRT will hit our short term target $0.7-1 sooner or later.
Ethereum has successfully broken above its Wedge Pattern on the 1-hour chart, signaling a potential shift from bearish pressure to bullish momentum.
The breakout is accompanied by strong upward movement, with price currently trading around 2,300 USDT.
The breakout suggests renewed buying interest, and traders are watching closely to see if ETH can sustain above the upper resistance.
Main Targets: 2,376 USDT 2,457 USDT
If Ethereum maintains its trajectory, the breakout could mark the beginning of a short-term bullish reversal within the broader complex picture.
You can find more details on the chart. Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade. ❤️ If this analysis helps your trading day, please support it with a like or comment ❤️