Bitcoin Cash (BCH) was trading back near the $382 low but the price failed to break below and is now in the process of developing a double bottom pattern. If BCH’s moves continue to be supported above the $382 support level, this temporary bottom can provide more fuel to the bulls. Downward Sloping Trendline The bulls need to overcome the downward sloping...
Algorand (ALGO) has formed an ascending triangle pattern on the 4-hour chart. ALGO has been following a higher rising trendline but found repeated resistance around the $0.924 level. We’re currently at a point where the price can soon break on either side as the price congestion is becoming tighter and tighter. Ascending Triangle Price Target In technical...
UMA (UMA) is in the process of establishing a rounded bottom following the attempt to break above the strong psychological level of $10.00. Technically speaking, UMA is still in a bear market, but the recent rally might be an early sign of a shift in the trend direction. Stochastic Bullish Readings Looking at the technical indicators, the stochastic oscillator...
Ethereum's (ETH) price has been squeezing in a relatively tight range resembling a symmetrical triangle. From here, we have two trading scenarios: either the range becomes tighter as the price gets squeezed in between the upper triangle resistance and lower triangle support, or a breakout to the downside might be in the cards. Playing the Breakout The...
Cardano (ADA) is in the process of developing a symmetrical triangle, but moving forward there are two likely paths that can come to fruition. Currently, ADA's price is trading near the lower end of the symmetrical triangle pattern and above the 100-day simple moving average. If a breakout occurs to the downside, we can expect a move towards the $0.94 support...
Arweave makes an impressive 94% comeback after losing more than half of its value! Arweave (AR) has been selling off after reaching its all-time high at $34 on April 1st. The token sold off more than 50%, reaching lows of $16. However, after touching the $17 support, it quickly got up on its feet and rose 94% in just four days! Arweave’s Trend At first...
While Bitcoin and the rest of the market have taken a nosedive, Ethereum made new all-time highs. Let's take a look at Ethereum's trend and a suitable strategy you can use! Ethereum the Exception The crypto market took a hit this week after Bitcoin failed to break above $65,000. ETH temporarily regained its lost ground and even made new all-time highs....
Ethereum made a new all-time high, rising over 20% from its previous ATH. Let's take a look at how you can trade Ethereum and take advantage of these uptrends. Finding the Trend: To make a successful strategy, we should start by identifying the trend. We can do this with the help of a trend-following indicator that will act as a filter. The MESA can work well...
Bitcoin is currently at support and may soon bounce, offering a 20% profit opportunity. Current Situation After hitting highs of $62,000, Bitcoin has been mostly selling off, unable to keep its upward momentum. Although this may be disappointing to traders, in the long run, it is a healthy pullback that allows us to buy the coin at a discount! Bitcoin appears...
Tel continues to rally higher and is currently in a pennant formation, on an upwards trend. Will Tel hit $1 like many are saying on the Twitterverse? Time will tel but worth having a bag I'd say. (not financial advice). *** Exclusive Cryptohopper Signaler ***
NEAR is one of the newest cryptocurrencies on the market, and it is already making a name for itself after an almost 1,000% increase over the past three months. Fundamentals NEAR Protocol (NEAR) is a decentralized application platform created to help developers design their apps. The network runs on a Proof-of-Stake (PoS) consensus mechanism and aims to offer...
After reaching the important support level between $18-$20, UMA started rebounding. Let’s see how much potential profit UMA could bring us if we bought in now! Backstory: UMA’s previous strong growth was mainly due to an announcement regarding the arrival of the uSTONKS synthetic token. uSTONKS tracks an index consisting of ten stocks that are most commented on...
Polkadot (DOT) has been increasing tremendously; the coin is currently up by 500% in less than three months. What is even better is that DOT’s pattern is actually predictable and one of the easiest for support and resistance traders. Polkadot Pattern The token has so far proved to follow Darvas’ box theory better than most other assets (including stocks). This...
Altcoins gain 80% in value over just two weeks! Let’s take a closer look at the situation. The Rally Begins Over the past six months, Bitcoin has been doing incredibly well, continuously making higher highs and showing consistent growth. However, the same cannot be said for most altcoins. With a few exceptions, most altcoins did not move nearly as much and were...
On February 2nd, Ethereum finally made a new all-time high. Let's find out if the price will skyrocket or pull back! Volume and Volatility In recent newsletters, we have showcased the importance of volume. If a breakout is backed by substantial volume, then it will probably succeed and make a big move; if not, then there is a bigger chance that it will flop....
BAND has broken its previous consolidation range only to enter another range. Let’s take a look at how you can take advantage of a ranging market! BAND Price Action BAND was one of the best performing cryptocurrencies in the first half of 2020. However, after its crash in September, the cryptocurrency has yet to regain its strong momentum. The token has ranged...
Bitcoin has been in an exceptional uptrend since October 2020. Let's find out if this bull market is coming to an end and what could happen next! Is the Bull Market Coming to an END? When Bitcoin is in an uptrend, the 150 EMA on the 4h chart acts as a mobile support. Bitcoin has kept above the 150 EMA ever since breaking above the $10,000 price range in October...
Although the crypto market has been pulling back, SNX has been heading ever higher! The coin is already up by more than 100% in 2021, and this may be just the beginning! SNX Momentum According to Nicolas Darvas, the writer of the famous book "How I Made $2,000,000 in the Stock Market", the stocks that are the most resilient in bear markets, and that even try...