Kentg

CRYPTO THREAD #2 : Ask your coin analysis !

Kentg Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
RULES & GOALS

▶️ Ask me my chart analysis of one coin you want in comment, if I find something intersting to say and show, I will update the idea with it.
▶️ This will be only base on my chart analysis strategy. I will not give fundamental analysis , so if you want me to analyse a shitcoin I will do it ! I think it's could be interesting if you want to have another point of view than your own. It could be usefull to compare perspective of evolution or area of interest for exemple.
▶️ I will also post a comment with the name of each coin I had if you want to react about it or debate.
▶️ Only one coin per person !
▶️ You can find BTC analysis in my LDTP updates, so it's useless to ask it here.


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Comment:
✅ ICPUSDT 📉
Typical pattern of an overvaluated coin which suffer of the bear market. Creation of a channel into division of it by half on each consolidation. Contrary of the normal market, you can't report the height of the range (because you can't target under $0) so you lateralize over the support consolidating of half the channel each time. Building a logarithmic dynamic.
In conclusion not the coin you want to be invest on the bull side until it break a major resistance or supply area (around $24 actually). Furthermore we just broke the support, pullbacked and sold back with volume so it's a bearish signal, now you can expect at least a target to the green extension which is the last channel height (around $10).
Comment:
✅ RUNEUSDT
Important close tonight, it will probably determined the direction for the next few days. If we don't see buying pressure before the close we can expect a return to the supports. It's important here to save the support area so I don't expect the support of the channel to be reach except in a flush. The big reintegration built a big supply area which coincides with channels resistances. It's important to take profit around them and it will be, in presence of signal, a possibility of short entry. For the moment we are in the middle of the range, area of indecision, you trade the extremities of a range not the middle of it (except daytrades/scalps on lower timeframes), except if you want to do coin flips.
Comment:
✅ VETUSDT
Like most of the coin today, we are on a crucial area, with an important close tonight. Actually on a major demand area + primary supports, if we close without buying pressure we can expect a break of it to the next support around $0.021 - $0.018. If we see a buying pressure confirmed tomorrow we could see a bull movement to the next supply area which is also a resistance around $0.087. This area will be the area of interest to induce a bull trend to higher levels. In this case a pullback + signal should be nice opportunity for bull entry to the top of the channel around $0.16. Otherwise, on reject with signal it could be a good opportunity for short trade. In all case it stay an area for taking profits.
Comment:
✅ LRCUSDT
Nice setup of Wyckoff Accumulation Pattern on support area for me. Let to ask in which scenario we will out of it. Volumes are decreasing a little but it's not very clear because of the amount of it around March 23th. So I cannot say we won't have a spring, furthermore if global market (bitcoin WAP pattern) go for a spring you can expect it on this coin too. If there is a clear decrease of volume on the support (like show the B scenario) you can expect an anticipate ending of the WAP to the resistance area where SOS will be crucial. In the case of spring (scenario A), the best area to target entry on signal is around $0.30 which is also the top of the next support area.
In the case we reach back the resistance area, like I was saying, SOS will be crucial. If it failed, it's the end of the WAP which mean a return to the support area. If it succeed, LPS become another opportunity to entry before to aim for WAP targets.
I like the structure showed by this coin, the most important is to wait signals on areas of interest.
Comment:
✅ UNFIUSDT
Nice Wyckoff Accumulation Pattern here also. Close than the LRC one except that here we have clearly constant volume so I expect a spring to the $2.70 area. Spring area which match exactly with the support area. We can see also that the pattern is engulfed by multiples support/resistances lines which is the perfect situation to see a WAP which is, I remind, a market psychologic exploitation pattern. So like for LRC, if spring succeed we go for the resistance area where SOS will be crucial for the continuity of the pattern.
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