Alimadao

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$ESP is quietly setting up something interesting.
Price is holding right at the support line of a months long symmetrical triangle, and the 50MA is doing its job as a floor here.
Buyers stepped in right on cue and we're seeing a nice bounce off that zone with the pair up over 9% today.
Triangles like this usually don't stay quiet forever. If bulls can push through the upper trendline resistance, it opens the door for a real move.. the kind of breakout that catches people off guard if they're not watching.
Still inside the range for now, but the structure is tightening. Worth keeping ESP on yo
ESP4.02%
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RiskRewardRuler:
A monthly-scale symmetrical triangle, supported by the 50-day moving average, with buyers emerging at key levels each time. Once this pattern picks a direction, the move won’t be small. Hopefully, this time it will be a real breakout rather than a fakeout.
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GM
$BTC 1W Chart
Watching price action closely around the 200 Week MA, this week looks like it's about to break below it.
This setup feels familiar. Back in Summer 2022, price lost the 200MA in June, attempted a recovery in July & that bounce failed, leading to further downside.
Right now, structure is playing out in a similar way. If history rhymes here too, I wouldn't be surprised to see lower lows before any real reversal.
Not financial advice, just tracking the chart and sharing what I'm seeing.
Staying cautious here and waiting for confirmation before calling a bottom.
BTC1.58%
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ApprovalAvoider:
I made a comparison: In June 2022, it broke below support, rebounded in July on low volume, and continued its gradual decline in August; the current pattern is almost identical. But there is one variable—the on-chain token distribution shows whales accumulating, so a sharp wick down followed by a rally cannot be ruled out. Either way, make sure your stop-loss is in place, because history never repeats itself exactly.
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