The altcoins do move together... Here we have the same chart as the COMPUSDT pair we looked at recently. We have higher low after late February and today a strong breakout support by volume. There can be additional growth. Namaste.
We can see a strong bullish breakout happening today for Bitcoin Cash, BCHBTC, as prices move above EMA10/50/100... This breakout is confirmed by good volume, which will continue to increase before the day closes. The targets are mapped on the chart. Namaste.
We can see COMPUSDT moving above EMA50 today and higher low since late February. Closing above $136 today can signal additional growth to come. Namaste.
Basic EMA analysis tells me that EMA50 will be tested on the monthly timeframe... BTCUSD. This gives us a price of at least $25,900... So, $30K is not the bottom. I already mentioned the MACD in a previous analysis... $22,222 If all goes well... Namaste.
Rejection took place right at MA200, very bad signal. Today EMA50 is being lost as support. Bitcoin is aiming lower... Here are the more important support levels to look for on this drop: $40,590 (Not likely to hold). $38,788 (Strong support). $36,220 (Likely to be tested on a wick). This is short-term... Altcoins All is good with the Altcoins vs...
This is the most important level now for Ethereum to hold... The black line on the chart stands for MA200. Above this level, we can see a very nice and strong price jump. If it goes below, consolidation will continue before the bulls can have more fun. The way things are looking, we might see higher for a while before any price drop... This is just a guess......
Look at the strong/steep decline from January to February on this chart... WRXBTC. Strong declines can lead to strong growth. We have a strong reversal signal 31-March (marked purple). We have rising volume today as WRXBTC breaks above EMA50... We have a strong RSI & more... The signals are strong and clear. This Altcoin pair will also grow. This is not...
The major downtrend that started back in November 2021 is now being challenged... We are looking at WazirX vs Tether (WRXUSDT). We have a volume breakout... Today's volume is the highest we've seen since February, likely to go higher and we end up with the biggest daily volume bar since December 2021. We also have a break above EMA50 and challenge of...
The USDT (Tether) for COTI is the exact same as the BTC (Bitcoin) pair... We have COTIUSDT moving above EMA100 today on high volume... Bullish. Very strong RSI at almost 73. The MACD is also really strong. All we need is patience and we can see this pair print additional growth. Namaste.
Here we have another win... COTIBTC has moving above EMA100 today on high volume... Meaning super-bullish. Very strong RSI at ~73. The MACD is also really strong. We can easily see on this pair additional growth. Namaste.
Patience is not only key, it is mandatory. We have the Cup & Handle pattern on the Terra Virtua (TVKBTC) chart, already broke bullish. The indicators have also gone bullish. And we have a break and close above EMA50 a few days back. This all signals higher prices. We also have a strong buy signal on the daily Renko chart. Namaste.
We have a long-term higher low on the ENJBTC (Enjin Coin) chart. We also have a falling wedge pattern with bullish indicators. The next price jump can easily hit 70% in gains and up to 200%+ if we reach a new high. You can find more details on the chart. The blue dashed line is the stop-loss. A full candle close below this line negates this analysis. Thank...
This is a follow up on my previous Cardano (ADAUSDT) trade idea. We can see prices going straight up and volume is just now starting to pick up. The MACD just entered the bullish zone, meaning that we have plenty of room left available for additional growth. The RSI is super strong at 74... You can find the targets on the chart. Namaste.
Here we can see that SLPUSDT (Smooth Love Potion) is getting ready to continue straight up... After the initial breakout yesterday, we can see only two red candles as retrace and now immediately we see additional growth. We have really good strength, so we can expect the next Fib. extension level to be hit right away... Notice the green arrows. The blue square...
What we saw on mid-March for Dogecoin (DOGEUSDT) is just the initial breakout... It means that it is only started... Doesn't look like it is the end of it. DOGEUSDT just came out of a major downtrend/falling wedge; now it stands above EMA50... It looks bullish... Whatever happens next is for the market to decide. Wishing you highly profitable week...
We have the classic signals as bullish but the candles are giving out bearish signals. Yesterday's candle is a shooting star (bearish). The Doji before yesterday's candle doesn't help either. With that said, we have prices trading above EMA10 and EMA50, the MACD above zero and a strong RSI. The November downtrend has been broken though. Bullish above...
The chart technicals are bullish. We have choppy price action. We have mixed feelings... It feels like we don't know what is going to happen. I also smell uncertainty, like something bad can happen at any time... We are going to go with UP! Bullish above $42,700 or EMA50 short-term. Any trading above this level and stay bullish. If it goes below we...
Binance Coin (BNBUSDT) also seems to be consolidating on the bullish side. Prices remain trading above EMA10, which favors the bulls short-term. Prices trading above EMA50 favors the bulls mid-term. Prices trading above EMA100 favors the bulls long-term... As long as BNBUSDT stays above the EMAs, we are bullish... Below the EMAs the bullish bias weakens but...