A lot of guys ask to analyze the SLP chart. A global trend line has formed on the SLP chart. The price is down 90% from the high. This is a very big drop. If you look at it from a technical analysis point of view, a good buying opportunity could be after the trend line breaks. But SLP is a token in the AXS game and has unlimited issuance. This is negative on the...
A lot of people are asking about bitcoin's dominance. The bitcoin dominance chart shows a descending triangle, which usually breaks downwards. Target = height of the triangle. If the pattern works out, the dominion could go down to level 31. A breakout of the triangle's lower boundary will likely trigger an alt-season.
Write in the comments all your questions...
ENJUSDT (Enjin) showing a picture perfect wyckoff structure, see image attached.
Volume has increased steadily to the buy side since breakout.
Panic sell into previous resistance and failure to fall under is a sign of strength for a possible BU (Back Up) Action.
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What is Wyckoff Method?...
$AXS #AXIE is showing a very bullish setup. The correction reached Fibonacci 0.383 level, where its support level also located and in the same exact point bounced off the long-term bullish trendline. Continuation of trend up to 165$ is expected to happen.
#ATOM/USDT TA Update :-
$ATOM currently trading at $27
I am buying some $ATOM here.
Perfect Retest as per daily chart.
Entry:- $25-$27
Target :- $70
SL:- $20
Support :- $25
SUSHI is moving in a downtrend. It is worth noting that a trend line is forming on the chart and volume appears on the bottom. This is a good signal. A breakdown of the trend line could be a good buying opportunity. But also the price could go down, gather liquidity, and then go to break the trend line.
Write in the comments all your questions and instruments...
COMP has been moving in a downtrend for a long time. However, it is worth noting that recently there was a big drop and many liquidations, there is a huge volume at the bottom, which is a good signal. It is also worth noting that a trend line has been formed on the chart and the price is moving towards it. In case of a contraction and breakdown of the trend line,...
Breakdown from a multi-month rising wedge, weekly candle about to close in 6 hours. I suspect that it might retest the rising wedge or just keep going down to the two targets below.
This analysis is just based on the pattern. Since the wedge is on the weekly, it holds weight. There are contraindicating signals in the market. Luna absorbed this week's drop and...
Ethereum Classic broke through an important key level of $46.8. A lot of liquidations took place because of this drop. At the bottom, we can see that the volume has increased, which is a signal of large liquidations. This is a good signal, liquidations are fuel for continued growth.
In case of a false breakout of the 46.8 and 42.15 levels, there might be a good...
Comparison zones in green
Resistance turned support zone in blue
Support areas in yellow
Heading for a June 2022 top!
Falling wedges are a very apparent bullish pattern also
TOTAL CRYPTO MARKET CAP EXCLUDING BITCOIN / USD TA
Only time will tell, but one thing is for sure... Not many will make it to the other side!
Stay tuned!
Main page drawing not to scale.
A simplified view of current Monthly/Weekly Elliott moves.
I have tried to keep it as clean and easy to see as possible. Forecasted figures here are purely based off the Advanced Get software. As time gets closer to these levels, I will look at forecasting via order blocks & extensions of smaller Elliott wave moves.
Wave 5...
The chart speaks for itself. Two swing target 120 Sats and 205 Sats.
With ALT Season approaching you better believe most low-mid Caps are ready to explode.
Using the TOPCAP indicator and the AVGCAP indicator this chart is produced
Will we see another huge increase phase that was seen in the previous bullrun? Or will it be different
In Green is the best entry points possible
In Red is the best exit point possible
Red line in between Topcap and Avgcap is 200MA
...
Personally I'm a Polygon fan and like all that they have done
Matic will have a great future and is one of the best Altcoins for the long-term holding. So buying its dips can have big results
TP 1 and ATH are specified for selling some of your tokens (optional)
Other points are specified in the chart.
Dear Friends If you are interested, It would be nice to show...
$STX is showith strong bullish momentum. Correction after an explosive clear move stopped around Fibonacci 0.5 level which is also the support level from previous high. Bullish movement to fibonacci 1.2 Level is expected to happen.
An update for the altcoin market including (TOTAL2, and OTHERS)
As you can see, on the left, we are still in a very good spot for bullish action
Current price can be seen to be very similar to the early days of TOTAL2, providing a nice comparison
On the right, the OTHERS chart, also provides similarities to the earlier bull run, and suggests we are heading...
