PalenTrade

PalenTrade Updated 

Possible great buy zone for CheckDot for long term hold. This insurance projects marketcap is ONLY 1,4 Million. I think this project is vastly underated. I'm looking for 20-100x for this hold in a few years. Patience is needed. If price breaks the 200EMA zone, I'll take my calculated risk and wait for next big opportunity around 13 cents OR buy back if price gets...

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Bitcoin is possibly forming a continuation Bull Flag pattern. Target ~40200 Price is respecting nicely 12H 9EMA as we can see from the chart (same with Total marketcap). If we break the 9EMA support I think we will go test the Daily 9EMA and Flags bottom level where probably some buyers would show up. (Picture below) This price action is quite fascinating and...

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I was thinking to wait till tomorrow till I post this analysis so more people could see it but oh well, let us do it today cause you never know what happens. I think this is one of the most important charts when following crypto markets. (cause it shows crypto markets money inflows and outflows). Bitcoin has broken out already from this years highs week ago (I'll...

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Hi. I was supposed to put out this analysis a few days ago. Sorry about that. I have been waiting for a while for this $0.05 to break. Many price suppression levels are broken, if we do close above $0.05 . -Vertical trendline (red arrows) -Lowering trendline (blue arrows Both have shown many times their importance , by how price has reacted to...

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KUCOIN:GALAUSDT testing a key level of significance (marked by red arrows). Trying to get above the 2100 area. If we stay above it and get on top of the 200MAs on daily (picture added) the next big resitance level is 5 cents. Possible 130% move for the patient. XRP trade just hit our first target after breakout, 22% move. And DYDX to stop loss, if you are...

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Sunday analysis. Seems like XRP is trying to break the first resistance which is the last previous highs (closer picture below). Price action looks like it would like to breakout and go 0.68 cents. Good Risk/Reward here. Ascending Triangles target is around 0.83 cents, 50% move. Price has respected nicely the 9EMA support (picture below) Check out my analysis...

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GOLD is showing some clues of possible trend change. If price stays on top of the last highs the price structure changes from making lower highs to making a higher high. This can indicate from a accumulation and growing bull force. As long as we stay on top of these previous highs I'm short term bull. Ofc there is also the huge 12 year cup and handle pattern...

PalenTrade Updated 

Possible break and retest happening on DYDX. Let's see if this key level can hold and buyers show that they are in control, or will it break and they need more time. If there will be new crypto bull market, I think Dexes like GMX, GNS and DYDX will perform well, as they will start to bring profitable revenue in and share it with holders of their tokens If you...

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Russell 2000 Testing key level. Would make sense to get a bounce from here, but the 2 year downtrend clearly shows bear pressure. If we break 159 next target is 145 If we get back inside of the triangle, I think this analysis is invalid and we might continue upwards ps. This is weekly chart so this will take time unless we get some kind of catalyst Active...

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Nasdaq possibly forming a bearish Three Falling Peaks pattern. Target around 13 000 -PalenTrade

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It seems that GOLD might have made its low. -Price turned 200EMA back to support (red moving average) -Showing rising demand on the three lows I marked, and last one is the highest (rising demand). -RSI break? (White arrow) When/If this lower high is broken then the price structure changes from lower highs to first time making higher high since may. Which...

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Did we get a right shoulder invalidation of the possible SP500 head and shoulders patterns? It is quite early to suggest that. We need the right shoulder to prove itself and work as support to give me more conviction. As long as we stay on top of the right shoulder ~4470 I am carefully bull. If we fall back under it I'm waiting for a test of the neckline ~4340....

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Bitcoin Dominance trying to break a key level ~49%. If price stays on top of it, the rectangles target is around 58-60%. Bitcoin will outperform most of the alts at that point, and alts bleed against BTC. SEC has labeld some alts as securities so Bitcoin outperforming makes sense. For now. I'm interested to see how this weekly candle closes. Does it close above...

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Will the price hold 200EMA for third time and make a higher low structure? If not. I don't think we will break the 185USD level because of fud, unless something would go badly wrong with Binance and collapse the price. Maybe we might get a nice bear trap there.

PalenTrade Updated 

The only crypto project which I did accumulate during bear market. In time I think Radix has a good change to be bigger than Polkadot and Cardano. I'd suggest you do your own research about them. 31st of july Radix Public Network upgrade from Olympia to Babylon will occur and ready build DEFI apps can move from "tech mode" to the main net, among other...

PalenTrade Updated 

Hello I'll start to make once per week update from some chart now on, so better stay tuned. Fantom looks really good against Bitcoin as long as price stays on top of that key level which I marked clearly with arrows . You can see from the chart what happened last time it broke that level. If we can't hold the level I let my risk...

PalenTrade Updated 

Hello Gold is forming a bull flag . Target 2140-2180 . 10EMA on daily is supporting the price nicely. As long as that holds , I'll stay bull . $2075 is golds ATH were we can see some resistance . Also gold has been forming this MASSIVE cup and handle for 11 years . Which would suggest that gold will go for a longer bull cycle . Maybe...

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Hello. Possible bull flag forming on Bitcoin . Target around 24k . First resitance is around 22400-22800 (13th of september high) . I think 25k there will be more selling/profit taking if we even get there. You can see from the chart how 10EMA (blue one) has worked as support 3 times before when Bitcoin started its rise (marked with red...