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LINK has been on everyone's radar lately and has had some positive fundamentals backing it up as well.
It needed to consolidate and retrace after the big move up but now on the 4 hour as it was far from the cloud and this points to being overbought. And...
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BTC Dominance has broken down out the channel it played for the last couple of months as discussed in the previous two linked ideas I published on the subject.
On the Daily chart it is still holding on S1 as support but in yesterday's weekend volatility it...
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BAT has just completed a full Elliot Wave pattern on the 4H, this in general means the end of a move (5 point wave), and as it's very far from the cloud it does seem quite overbought, this is confirmed by the RSI.
Usually, this means it's time for a...
I think alt coins r cooked well done at this point, and a larger correction is due. Same as the stock markets. But I think the crypto markets will go full blown risk off way b4 stocks and we could see the crypto space front run the pending stock crash.
The weekly chart MACD just crossed below the zero level and this 4-hour chart shows price is breaking below support. Are we about to see an altcoin rally to continue eroding bitcoin dominance?
Altcoin chart analyses to follow.
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MANA had been forming a symmetrical triangle in the last couple of weeks since it had the first push up.
It now bounced off the Pivot and broke through the top of the Triangle and through R1. If it now finds support on top of the Triangle the trend is...
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As I said in my previous linked analysis of BTC Dominance it was trading at the bottom of the channel for an extended period and could go either way, but now it broke through the bottom of the channel and retested it as resistance once. If it can't break...
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MATIC experienced a nice breakout and now seems to be running out of steam a bit. The buyers are getting exhausted as the RSI shows it's overbought with a slight bearish divergence on the RSI as well.
It's still bullish as these uptrends usually have...
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MDA/BTC has been forming a bull flag since the little push up it had. Supporting it now is the fact that the Kumo cloud is turning blue just about where the lagging span ( purple line ) will pop through the cloud. And since the Tenkan ( Yellow Line ) is...
XRP on H1 needs 1 more pull back b4 xrp can start to push higher, H4 D1 have a nice set up for another push maybe xrp can hit .22c-.25c area next week for a quick long scalp
Bitcoin Dominance has failed to find support above the long-term downtrend resistance, and the current weekly candle is also below long-term upwards trendline support, which can only mean one thing.
A weekly candle close at about current levels or lower indicates a 4.5% drop on bitcoin dominance coming soon.
NANO has been on a roll lately and has played out the 4 first parts of the Elliot wave, and following that theory there will be one more big push upward before a possible reversal.
This is supported by it finding support on S1 and now breaking the pivot and the Kumo Cloud. Stop loss under the pivot and see what happens.
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