The KuCoin Token (KCSUSDT) has been trading on its 1D MA50 (blue trend-line) for the past three days. This consolidation is taking place as the 1D MA100 (green trend-line) is descending to a point that is the closest it has been since the June 01 rejection. Basically, KCS has been trading below the 1D MA100 since April 29 and naturally it is the most important...
Bitcoin (BTCUSD) is currently on a strong +17% four day rally, the strongest since July 29. By doing so, it is about to test the important short-term Resistance of 22000, formed off the August 24 High. There is however a trend-line and cluster of critical Resistance levels on the long-term as well that the price is about to hit, and outweigh by far the short-term...
Bitcoin (BTCUSD) made a Low two days ago and today we are seeing a strong rebound on the biggest 1D candle (so far) since July 27. Based on the Cyclical Double-Bottom Effect, we can argue that this low is a hit on the Double Bottom zone of the June 18 market Bottom. What is that effect? Well it appears to be not just a Theory but a pragmatic phenomenon that has...
Ethereum Classic (ETCUSD) has been trading within a Channel Down on the medium-term, since the July 29 High. This has come after an enormous and very quick +250% rise on fundamentals, since the July 13 Low. The overall trend since the May 2021 market high has been bearish inside a Channel Down pattern. You can argue that the July 29 High and the Lower Highs that...
*** *** For this particular analysis on Terra Classic we are using the LUNCUSDT symbol on the KuCoin exchange. *** *** The idea is on the 4H time-frame where LUNC is extending the parabolic rise it has been on since the August 19 Low. As we mentioned in our previous analysis the break-out above the 1.0 Fibonacci level was an instant buy signal and the price is...
The KuCoin token (KCSUSDT) has been consolidating around both the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) for the past week while being on Higher Highs and Higher Lows since the August 29 Low. We view this as a consolidation phase for the next big move not necessarily an emerging bullish set-up as the trend has been bearish medium-term since...
Bitcoin (BTCUSD) had yet another strong 4H red candle, consistent to the past two hard selling sequences since the August 15 High. Today's post is an extension to the short-term analysis we made a few days back. ** The selling patterns ** As mentioned, the time-frame here is the 4H (4hours). As you see, since the price broke above the former Triangle, it failed...
Bitcoin (BTCUSD) is about to form a Bullish Cross on the MACD (1D time-frame) as it trades below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). The last time it did a similar formation on those levels while Bitcoin was recovering from a market low was on February 07 2019, during the December 2018 - March 2019 Cycle Bottom formation. What...
*** *** For this particular analysis on Ethereum we are using the ETHUSDT symbol on the KuCoin exchange. *** *** The idea is on both the 1D and 4H time-frames where ETH recently broke above a 3 week bearish pattern and turned sideways. This consolidation is more accurately depicted on the 1D time-frame (chart on the left) where you can see the price trading...
Request Network (REQUSDT) held the Symmetrical Support of 0.1040 and broke above both the 1D MA100 (green trend-line) and 1D MA50 (blue trend-line). However it bounced off the Lower Highs trend-line that started on the July 31 High. As a result, we would like to see a break above that Lower Highs trend-line to engage into a buy extension. In that case, the target...
Synapse (SYNUSDT) broke again today above the 1D MA50 (blue trend-line) after holding the 1D MA100 (green trend-line) which provided Support. The trend since the July 28 High has been a Channel Down, which on the overall rebound move since the June 17 bottom remains a technical Bull Flag. That is of course as long as the Higher Lows trend-line since June holds. A...
The Toncoin (TONUSDT) broke on August 23 above the 1.4230 (now former) Resistance, as we first explained on a June post: As you see since the July 25 Low, a Channel Up pattern is guiding the price through the Resistance levels on a classic Higher Highs/ Higher Lows technical set-up. On top of that, the 1D MA50 (blue trend-line) has been supporting since...
Bitcoin (BTCUSD) broke above the August Triangle but still got rejected on the 4H MA50 (blue trend-line). This leaves us, on the short-term at least, inside neutral ground and it would be best to consider the following break-out set-ups for short-term trading. Even in the event of a break above the 4H MA50, we still have to consider the important Resistance of...
Hey all traders, One of the good positions and setup for trading (in futures) is to enter after the channel lines (support and resistance lines ) have broken. Here is an example of an Ethereum mini-channel on a 4-H timeframe. A small uptrend channel in a very large downtrend channel, which we call a mini channel ( or Just I'm Call it ! ) anyway :-D As long as...
This is the ETHBTC pair on the 1W time-frame where it's shown trading within its long-term trading pattern, a Triangle. On the August 08 1W candle it tested the top (Lower Highs trend-line) for the second time and after pulling back for two weeks, the current candle is again on the verge of hitting it. Can it break this time? Well, the same Higher Highs formation...
The KuCoin Token (KCSUSDT) just made a Bearish Cross with the MA50 (blue trend-line) crossing below the MA100 (green trend-line) on the 12H time-frame). This is coming less than a month after the opposite pattern, the Bullish Cross on August 05. The last time we saw this exact sequence of technical events was between April 05 and May 03. As you see, even the...
The Voyager Token (VGXUSD) is currently very volatile after being rejected on August 26 on the Lower Highs trend-line that started after the November 23 2021 High. Since then, that trend-line has rejected the price five times in total, which is a considerable sample. All rejections have resulted into Lower Lows within those Fibonacci levels. Until the 1D MA50...
Ecash (XECUSDT) got rejected on the 1D MA200 (orange trend-line) on Sunday and it about to test the 1D MA50 (blue trend-line) as a Support again. The pattern resembles the April 02 rejection. On that fractal, when the 1D MA50 broke, the price tested the Higher Lows trend-line. When that broke as well, a strong sell-off took place. This is the framework to trade...