XRP | The Price May Rise Further After The Breakout On the lower part of the structure XRP testested the old and the strongest support area again by creating in this way a bullish triangle. The price is actually above the pattern by increasing the chances for the next bullish movement. It looks like it will not stay for a longer time period in the zone were...
This Bitcoin (BTCUSD) analysis is on the 1W time-frame, utilizing a historically key indicator, the On Balance Volume (OBV). This has helped us spot both buy and sell opportunities in the past, especially since 2013, and as the market is trading sideways, potentially forming the Cycle bottom, it is perhaps the ideal time to take a look into it again. Since 2013,...
*** *** For this particular analysis on ApeCoin we are using the APESDT symbol on the KuCoin exchange. *** *** The idea is on the 4H time-frame where APE had yesterday its third rejection on the 1D MA50 (red trend-line) in the span of 1 week. Even though this has the technical ability to deliver a short-term pull-back towards the 4H MA100 (green trend-line) and...
This is an analysis on the KuCoin Token (KCSUSDT), the native token of the KuCoin cryptocurrency exchange, which enables a profit-sharing model between the platform and its users. Today's analysis is on the 4H time-frame, where we'll be presenting the medium-term trend and the trading opportunities on certain levels. ** Technical Analysis ** The primary pattern...
This is a Bitcoin (BTCUSD) analysis on the 1W time-frame using the Chaikin Oscillator and the Stochastic. It is not common to see those two indicators, especially on such an asset, but despite being overlooked, they offer an excellent explanation of where the price is trading relative to its previous Cycles. ** The Chaikin Oscillator ** The Chaikin Osc, which...
Cardano (ADAUSD) got rejected 6 days ago exactly at the top (Lower Highs trend-line) of the long-term Channel Down pattern that it has been trading in since the September 02 2021 market High. This is the 4th Lower High rejection of this structure and when that happened in the past, a strong rejection followed. Cardano has been trading sideways for basically 3...
Ripple (XRPUSD) got rejected this Tuesday on the 1D MA50 (blue trend-line) in the aftermath of the worse than expected CPI report. That rejection was performed on the top (Lower Highs trend-line) of the Triangle pattern that the price has been trading in since the July 13 Low. Naturally, as long as the price remains within the pattern, the trend remains neutral...
The Binance Coin (BNBUSD) has been correcting on the medium-term since the August 10 High, the rise that it posted after the June 18 Low. So far, it has retraced to the 0.5 Fibonacci retracement level. Having been rejected on Tuesday on the 1D MA50 (blue trend-line) following the main rejection on the August 10 High on the 1D MA200 (orange trend-line), it appears...
An obvious floor on our Vix Fix Find Market Bottoms indicator has appeared. A similar pattern that we saw at the reversal of the macro trend line has appeared on the 4-hour chart. RSI is consolidating and about to break over our moving average line. MACD and TSI are also starting to lower in momentum and flatten out. We're in a major area or support and I...
Bitcoin (BTCUSD) is having a red week so far (1W time-frame) following last week's rebound. The worse than expected CPI is leading this pull-back fundamentally. Technically though, the price remains both above the Support provided by the 1W MA300 (red trend-line) and the Channel Down that started after the mid-August High. As long as no further Low is made, this...
The Ravencoin (RVNUSD) is having an impressive first half into September as it held the 1D MA100 (green trend-line) as Support and rose aggressively above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) to hit the Red Trend-line and the top (Lower Highs) trend-line of the long-term Channel Down pattern, as we illustrated on our previous...
ETH 12 HR Inv Cup and Handle Could get a Bounce Here. Bearish Breakout Here targets 1.2K and under. Depending on how launch of upgrade later this month goes, we could get another test of upper trendline. If this breaks Bullish, targeting 1920.
This is yet another chart on the 3D time-frame, which time after time has proved to be reliable in catching medium-term price trends. This time on the ETHBTC pair, the 3D MACD just formed a Bearish Cross. As you see, since the June 06 2021 candle (so more than a year), every such formation (with the exception of August 20 2021) was a sell signal. I have pointed...
This is an analysis of Bitcoin (BTCUSD) on the alternative but highly informative 3D time-frame where we can claim that its cyclical behavior is most accurately displayed. As always, the MA50 is shown with the blue trend-line, while the MA200 with the orange trend-line). ** Bear Cycles & the Death Cross ** First let's start with the Bear Cycles. As you see,...
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...