Kaspa / KASUSD is rising today after approaching the 1day MA50. At the same time, the 1day RSI bounced on a Rising Support in a way similar to January 31st. As you see, Kaspa's price action is so far cyclical. A vast rise corrects to a Fibonacci level then a Channel Up leads the price to the next price jump. As long as the 1day MA50 holds, buy and target the...
HEXUSD is on a price Double Bottom while the the 1D RSI is rising for more than 3 weeks. This Bullish Divergence has been spotted on another two price Double Bottoms in the past 12 months. With the price also under the 1D MA50, on July 12th 2022 and October 15th 2022, that Bullish Divergence initiated a rally that peaked at +158% and 71.80% respectively. We are...
Solana / SOLUSD is trading inside the 1day MA200 - MA50, being more than half-way through the bullish leg on the 5 month Channel Down. On the previous bullish leg, the 1day MA200 caused a pull back near the 0.618 Fibonacci and then rebounded to complete the Lower High. Sell on the short term and buy at 17.000, targeting 22.500. Follow us, like the idea and...
BSVUSD hit the top of the former Channel Down pattern and is rebounding. The 1D time frame has normalized its previously overbought technicals (RSI = 63.544, MACD = 3.840, ADX = 63.502) and that can give rise to a new round of buying. As you can see the Fibonacci retracement levels form solid Support and Resistance levels, with the latest one being the 0.786 level...
BTCUSD has been trading sideways for nearly the last 2 weeks. The long term pattern is a Channle Up since the start of the year and this appears to be the accumulation phase that technically precedes the Higher Highs. Trading Plan: 1. Buy on the current market price. Targets: 1. 40000 (Gap 3 from the Bear Cycle). Tips: 1. Every Higher High on this Channel Up...
Verge / XVGUSD is having a +550% rally in the past 2 weeks and is approaching the 1week MA200, which is intact since April 4th 2022. The Channel Down that drove the price to its market bottom before that recent weekly jump is almost the same as the one in 2019 that paved the way to the massive 2020/21 rally. As a result don't buy before a new pull back to the...
After finding its low at $40.32 in June 2022, Litecoin rose over 160% within the span of a half-year. However, since the February 2023 high at $105.69, Litecoin’s price trend has been erratic. Litecoin has been oscillating between the two converging bounds, forming an interesting setup that caught our attention. For now, we would like to stay out of the market and...
Zilliqa has come today the closest it has been on the 1D MA200 since the May 8th contact, turning the 1D time frame largely bullish (RSI = 67.434, MACD = 0.000, ADX = 54.733). Consequently, a break above it, should set in motion the last part of the bullish leg that started at the bottom of the long term Channel Down. We will buy if the 1D MA200 breaks and target...
◳◱ We've detected a Falling Wedge pattern on the NEWCONNECT:ZRX / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.2293 | 0.2377 | 0.2529 and the major support zones are respectively at 0.2141 | 0.2073 | 0.1921, We may consider buying at the current price zone at...
AAVEUSD has closed two 1D candles over the Channel Down pattern of February and has validated a new rally on the 1D timeframe which is on very healthy bullish technicals (RSI = 68.966, MACD = 3.550, ADX = 52.986). As long as the 1D MA200 is turned into Support, we will be bullish targeting the R2 (TP = 95.000). ## If you like our free content follow our...
◳◱ An impressive Resistance Breakout and Confirmation has been detected on the CSE:TROY / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 0.002133 | 0.00224 | 0.002464, while substantial support zones...
◳◱ An impressive Resistance Breakout and Confirmation has been detected on the $AUCTION / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 4.18 | 4.33 | 4.7, while substantial support zones are...
CRYPTOCAP:BTC seems to be taking a price path towards $26.000 at this 1h chart, where it should test the resistance levels there. The level of $25.500 is a support level right now for Bitcoin and from that point it seems to be slowly growing. Investors are very careful as there are a lot of FUD during the last month and they are making their trades prudently in...
MKRUSD is approaching the MA200 (1w) which is untouched since October 17th 2022. The price has already closed over the MA50 (1w) last week for the first time since March 28th 2022, giving a clear long term buy signal. A closing above the MA200 as well, is the next buy signal to take advantage of. Trading Plan: 1. Buy if the price crosses over the MA200 (1w). 2....
GTRUSD hit the top of the 5 month Channel Down, crossing over both the 1D MA50 and 1D MA200. This strong push is turning the 1D technicals overbought (RSI = 69.283, MACD = 0.001, ADX = 31.945) but such conditions don't call for the traditional short. Instead this is usually the buy entry conditions that usually emerge when cryptos break above long term bearish...
◳◱ We've detected a Failure Swing pattern on the TSXV:EGLD / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 38.03 | 41.13 | 48.55 and the major support zones are respectively at 30.61 | 26.29 | 18.87. It is a bullish indication and we may consider buying at the...
◳◱ We've detected a Super Trend pattern on the NASDAQ:HOOK / CRYPTOCAP:BTC chart. The Super Trend indicator is showing a bullish trend, indicating a potential trend reversal. The next resistance key levels are at 0.00003967 | 0.00004196 | 0.00004694 and the major support zones are respectively at 0.00003469 | 0.000032 | 0.00002702. We may consider opening a...
AXS broke out of daily trend line with a retest, volume will come after rejection, then we headed back to old highs