Coinathlon

Coinathlon

-H&S pattern Break of the neckline should be as long as the distance between the neckline and head. This falls together nicely with the daily green support zone

Coinathlon

Solana broke through a very small level of support at around $90. However, the next big support zone is around $70. Ideally we want to start seeing higher lows and higher highs being formed, in which case we might consider this a fakeout from the channel it was in. As that is a descending channel, the HL's and HH's need to continue breaking the general trend....

Coinathlon

The chart is telling us one thing, and one thing only. There is not a lot holding us back from thundering though to $30K. Last time we saw a sell-off like this was in late april of last year. A 54% drawback brought us to the $30k level as well. However, the volume was a lot higher back then. Signaling we could be in for a ride. The only positive is the RSI that...

Coinathlon

- Overall bearish market structure - Rejected at current resistance - Currently retesting - Bearish divergence - Stoch RSI bear cross Would you take this trade?

Coinathlon

Fantom is one of the only coins still in a mainly bullish trend. It has tested the $3.3 level, which is its ATH, and retraced to the .272 FIB level. Seeing as the market trend is not terribly bullish and we're testing the ATH, there are two ways to play this: 1) Aggressive: you enter now or at another retest of the .272, making it risky as we have the ATH and...

Coinathlon

- Multi-month downtrend - Price seems to have bottomed out - Broke 50EMA (as in late december) - MACD curling up ( " " " " " " ") - MACD histogram green (" " " " " " ) Looking for either support found at the 50 EMA or a clean breakout + retest of the 100 EMA (purple) However, since we're in a clear downtrend for CRO it is also likely that we'll see a rejection...

Coinathlon

If we ignore the one fakeout, we can see this ascending triangle forming and waiting for a breakout. Link could easily rise to $200 in 2022 based on fundamentals. It is nice to see that technicals can support this theory.

Coinathlon

Looking at this price action unfold. Price broke a key structural level and both the 50 and 100 EMA. On the lower timeframes (1H & 4H) we can see the bulls are fighting to reclaim this support zone. If we can hold price below it and maybe get a retest on the 4H-chart, this could be an interesting entry for a short position. With a conservative target at $0.05...

Coinathlon

After its rise from October to the end of Novembre we've seen a more than steady decline in the price of the Kadena. As we're approaching the $6.5 level we're reaching a crucial level of support. If we fail to hold this then I only see further downside. On the upside we could see an easy 2X if we hold the support. Wait for confirmation and then this could be...

Coinathlon

Rather neutral market structure on the weekly timeframe so let's take a look at the daily. Here we can also see no real longterm trend. What we can see is a downtrend happening since the beginning of November. I have defined two key resistance areas where the first one is also a key psychological area at $3. As you can see by my many arrows there are more than...

Coinathlon

In stark contrast with the rest of the market, Cosmos was able to make a nice run up during the past couple of weeks. Especially if we hold it up against its Bitcoin pairing. It has currently twice rejected its ATH resistance zone and is playing with RSI overbought levels. EMA's are still curling away from each other so a continuation is also still in the cards....

Coinathlon

- Overal market structure is bullish with higher highs and lows - Touched the trendline that dates from late september 2021 - Faked the green support zone - Bullish candles: bearish body with long lower wick followed by bullish engulfing and three white soldiers. This made for a good move last time around (compare the blue arrows) - MACD crossover about to take...

Coinathlon

Past few weeks have not been to bright for BTC-hodlers. However, it is important to point out that these corrections are more than normal in a bull cycle. Especially in a super-cycle should you be a supporter of that theory. I'll leave a link to the super cycle theory 42k is definitely the most important level to hold in order for us to remain in a bullish...

Coinathlon

Smooth love potion has reached its final support zone. If it break below here, there is no stopping it from going down to zero. Apart from the support area, there is not much to say for SLP, but given the situation where this move looks exhausted, I believe this to be a worthwhile bet. I'll look for a break of the red trendline and an increase in volume. If I...

Coinathlon

- Triple bottom set on daily support level - Higher high: check - Higher low: should form above 4H green support zone - 21 EMA held as support - Stop loss below last lower low before the triple bottom Do you like trading these meme-coins or do you prefer to steer clear?

Coinathlon

Bitcoin had a perfect bounce off of the area around 54k, which aligns with the 0.5FIB level and is currently trading around the 0.382FIB level. It is crucial for BTC to break 58k and set a higher high. After which 60k will be the level to beat (strong resistance and psychologically important level). If we fail to break 58k however, we are likely to return to...

Coinathlon

- Broke through trendline - Retesting support from mid-october - Retesting golden pocket SL relatively tight with TP just below the ATH. What do you think?

Coinathlon

- Descending triangle - Consistent volume - MACD cannot have the leading cross down over the lagging line. - Wait for a breakout of the pattern, retest of the triangle and then ride the move. What are your thoughts on this?