BTC has been struggling under the weight of massive overhead resistance--from the recent Death Cross, from having broken a major trend support line, from Weekly bearish divergence, and so on. Retail investors are "extremely fearful" and calls of impending doom are everywhere--meanwhile, those in short positions are euphoric. All this is setting the stage for a...
Welcome back to our QTUM analysis Series
In our first analysis, we pointed out buying zones for a potential bottom as shown in the chart below
A month later we updated that idea after a few buyng zones were...
* Great earnings
* Strong up trend
* High 3-month relative strength of 3.06 in the Financial sector
* Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average
* Base of the cup is ~21 week with the handle lasting about 4 weeks
* Also created a double bottom during the base
Trade Idea:
* Given the setup, now would be a great time...
ETH has continued it's retrace back towards both the major support line and the 200 EMA as we discussed in the linked ideas. We are now partially in my Buy Zone and seller momentum is slowing. I'm interested in a small long here, and will add if it drops.
Good Luck.
----------------------------------------------------------------
These are my personal views...
DOT appears to have formed a symmetrical triangle with BTC. The most recent 4-hour bullish divergence would've been the ideal place to enter a long, but now that we are retesting daily moving average resistance, I'm on the sidelines until I see another obvious entry. For long-term investors, we are still at an accumulation level so if you're looking for DOT...
* Good earnings
* Steady up trend
* High 3-month relative strength in the Financial sector
* Breaking out of a ~9 month consolidation with higher than average volume
* Has been testing broken resistance as support for the past 5 days
* Maximum probable ROI is 22.38% if the trade goes in our favor
Trade Idea:
* Now's a great time to enter as the price is really...
* Great earnings
* Strong up trend in the long term
* High 3-month relative strength of 1.08 in the Basic Materials sector
* Pays out dividends
* Breaking out of a ~7 month base with higher than average volume
* Broke out earlier but due to current market conditions it did have a slight pull back and now is breaking out once again.
* It did, in the recent months,...
* Exceptional earnings quarter over quarter
* Incredibly strong up trend over the long term
* High 3-month relative strength of 2.87 in the Tech sector
* Pays out dividends
* Breaking out of a base on base pattern
* First base lasted ~8 months before breaking out
* Second base formed immediately after the breakout and has been forming for the past ~9 weeks
*...
* Excellent earnings year over year
* Strong up trend
* High 3-month relative strength of 2.29 in the Tech sector
* Breaking out of a ~10 month base
* Clean break with higher than average volume
* Currently 2.83% above the broken level
* Maximum probable ROI 44.94%
Trade Idea:
* You can enter now if you don't mind a little volatility and want to catch the...
* Great earnings
* Strong up trend
* High 3-month relative strength of 3.72 in the Financial sector
* Breaking out of a base on base pattern with higher than average volume
* Broke out a few days ago but due to the market conditions it had a slight pull back to the breakout point
Trade Idea:
* If you don't mind a little volatility and want to catch the bigger...
Ethereum Classic (ETC) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Long-Term : Bullish
Now that we’ve seen a cool down in price action, Ethereum Classic has seen a ~10% drop towards $45.5 where it found strong support.
--------------------
$ETC/USDT SPOT SETUP
Entry Price : 44.65 - 46.6
TP 1 : 50.6
TP 2 : 54.5
TP 3 : 58.1
TP 4 : 62.3
TP 5...
* Great earnings
* Very strong up trend
* High 3-month relative strength of 1.41 in the Healthcare sector
* High U/D volume ratio of 1.51
* Breaking out of a very tight 3 week consolidation of ~3.85% with higher than average volume
* If you have access to Volume Profiles you can see that the $113.04 area has tonnes of volume.
* We can expect the $113.04 area to...
* Exceptional earnings
* Very strong up trend in the long term
* Very high 3-month relative strength of 6.35 in the Tech sector
* Pays out dividends
* I last discussed this early December 2021 when it broke out of an 11 month base.
* Since then it did move higher and due to recent market conditions it had a slight pull back.
* Used $163.03 as support before...
* Great earnings
* Very strong up trend in the long term
* High 3-month relative strength of 1.12 in the Real Estate sector
* Pays out dividends
* Breaking out of a ~8 month cup formation with a depth of ~25.94%
* Attempted to break out a couple of weeks ago but due to current market conditions it had a slight pull back and now is breaking out once again.
*...
* Excellent earnings
* Strong up trend in the long term
* High 3-month relative strength of 2.61 in the Tech sector
* High 50 day U/D ratio of 2.11
* Breaking out of a 3.31% range
* During the consolidation the volume did dry up and as it started breaking out the volume picked up.
Trade Idea:
* You can enter now as the price is just breaking out of the tight...
* Excellent earnings
* Very strong up trend
* High 3-month relative strength of 4.43 in the Tech sector
* Broke out of a 1 year base with tonnes of volume on earnings
* Started to consolidate after the breakout in a tight 7-8 week range
* Has a U/D ratio of 2.11, indicating that it's under accumulation
Trade Idea:
* You can enter on the closing price today as...
* Good earnings in the recent quarters
* Good general up trend in the long term
* High 3-month relative strength of 1.04 in the Consumer Defensive sector
* Breaking out of a 7 month base with higher than average volume
* Has a U/D ratio of 1.24 meaning it's under accumulation.
Trade Idea:
* Due to the market conditions I'd suggest you wait for a better entry...
