Ethereum is ranging between $1653 and $1748. We have a dense cluster of levels in between these two boundaries, and the price action appears to be caught in between them. We do appear to be seeing a flag consolidation pattern, so we will see if the market can sustain another breakout. If we are able to break past $1748, then we should be clear to hit $1821,...
Bitcoin has broken out past $23.9K, then immediately retraced back to comfort between $22.4K and $23.9K. We appear to be seeing a head and shoulders type pattern and if so, this will signify some resistance and perhaps a further retracement. If that is the case, expect support at $22.4K, then there is a vacuum zone down to $20.7K. The Kovach OBV has established...
SOL did 5 up & 5 down IMO now likely to ABC up to around $100 in a bearish structure to correct the 618% fib retracement lvl and test the bears. After the ABC we must re analyze.
Bitcoin attempting to close above the weekly 200W moving average. This is promising if we can regain it and hold above, even if it pumps and chops around for a while it's a good sign. 2 reasons it's good - of course #1 is that we've gained back some strength and stability and #2 is even if we chop around above it before making our final push to ATH's it gives...
Technical Analysis and Outlook: After completing on July 20 our Outer Coin Rally of $24,150 and retreating to Mean Sup $20,780 (See Bitcoin (BTC/USD) Daily Chart Analysis For July 22), Bitcoin bounced back to competed Coin Rally and showing signs of extending its rally to Outer Coin Rally #27,800. However, if all fails, the coin will take us back down to Mean Sup...
ETH has had a nice push here, but we didn't have much resistance to deal with, so price shot up like warm butter. If we can flip back into this previous range then we could talk about pushing some major levels around $2200 and $2800. We have formed new support, so that's valid for now. However the real test hasn't come yet imo. Stay frosty V
DOT has lagged behind a little and been slowly grinding up. The bulldiv on higher timeframe still performing though in my opinion Flipped resistance into support at $7-7.40 area, with resistance sitting above around $9 If markets start to rally I see DOT hitting closer to $11 Either way, following the green path nicely at this point with a brief back test on...
BTC pushing up after briefly tapping my buy zone that I had marked months ago - when others were bearish at 18k I was buying. Up roughly 30% but can see this pushing further toward 30k before breaking down. Ignore the noise, stick to the chart, trust the process. *I do not think the bottom is confirmed yet, we will revisit these prices again in the near future...
Litecoin broke out to hit our target of $64.37. Subsequently, we retraced, breaking through $61.75, but finding support at the psychological $60 level. We seem to be hanging onto the $60's for now, but if we retrace further, then we will see some support at $55.84. If we are able to break through $64.37, then $66.94 is the next target.
Ethereum rallied, breaking through relative highs in the $1600's, but running into the resistance we mentioned yesterday. We are currently caught in a thicket of technical levels, which we identified yesterday, which appear to be prohibiting us from reaching our next target at $1821. The levels span from $1653 to $1748. We appear to be ranging in this value...
Bitcoin broke out and is hovering just under relative highs. We caught a nice pivot from $20.7K, but resistance from $23.9K is proving prohibitive at the moment. The Kovach OBV has picked up, but we must first break this barrier at $24K. It appears that some life has returned to the markets, as the GDP numbers yesterday indicated, by definition, that we are in...
TL;DR Breakdown Swell ODL volume expanded 9x YoY during the last quarter of 2022. In Q2, the blockchain organization sold more than $408 million in XRP tokens. Be that as it may, both the cost and volume of the XRP declined in the midst of specific market factors. Blockchain installment organization Ripple delivered its Q2 monetary report on Friday, itemizing an...
Litecoin has pivoted from support in the low $50's and has shot back up to $60. It is currently hovering around $59, after pulling back slightly from $60. We are just below our next target of $61.75. The Kovach OBV is still bearish, but has picked up slightly with the rally. It is doubtful we will continue to rally at least for now, so watch for support at...
Ethereum rallied back to highs after the FOMC rate hike announcement yesterday. We blasted through multiple significant levels including $1424, and $1547. We finally met resistance at $1653. Though we are hovering near this level at the time of this writing, we can expect a retracmenet to lower levels, like $1547. We can expect further resistance starting in...
Bitcoin saw a nice pivot from support at $20.7K after the FOMC statement. The 75bps rate hike lifted uncertainty about the Fed's outlook and stocks and other risk on assets were clear for a rally. We broke above $22.4K, but are meeting resistance in the vacuum zone between this level and $23.9K. We don't expect anything staggering from Bitcoin in the near...
Litecoin has gotten some support, as anticipated, from levels in the low $50 handle. In particular, $51.92 is holding strong, with $50.64 right below it. We are seeing a small pivot from here but if we fail to follow through, then we are likely to hover at these levels and potentially break through. There is a vacuum zone below to $45.48. We are just about...
Ethereum has pulled back all the way to $1341. We found support here, confirmed by a green triangle on the KRI. Subsequently we bounced back to the $1400's, barely breaking our level at $1424. We don't expect too much more action, with strong resistance from $1547. Another dump could take us back to $1235, which is the upper bound of the range ETH had held for...
Bitcoin has fallen from highs at $23.9K, crushing hopes that another bull market has returned, and confirming our assertion that this was a 'bull trap' all along. We are finding support at $20.7K, after hitting this level exactly. Support is confirmed by a green triangle on the KRI. We got a small pivot from there, but are running into resistance confirmed by...