AVAX looks like its bottomed out along the daily support as well as its broken this downtrend formed after the dump down earlier last month.
The bounce off the $23 - $25 range is the bottom and the goated entry region. From here, AVAX has regained $29 and looks like its about to regain $32 as a level of support.
After AVAX regains $32 as a level of support, its...
This is an update from my previous Litecoin read where I said $218 was the next long target placed at the 2018 local high. When Litecoin follows the path Bitcoin and Ethereum have been taking on this reversal, its going to hit the weekly resistance at $262.
From here, I wouldn't be surprised if Litecoin sees the rest of this week in accumulation either after...
Chainlink has been gaining in price since the start of 2021, along the likes of Cardano (ADA) and Polkadot (DOT). Since this most recent drop down, the bottom and the timing of the reversal was up in the air and uncertain until very recently where LINK regained the 1.0 Fibonacci Support level at $30.4564.
From here, i'm expecting Chainlink to hit the local high...
Bitcoin has been reversing off the $44,854 level and has found the bottom there. From here, Bitcoin is going to hit the $54,028 level of resistance and gain that as support before moving up to hit the local high.
You can call this whatever cup & handle pattern you want, but regardless the momentum is upwards and the price isn't going to stop at the $58,000 local...
Since the dump down on February 22nd, ETH has been hard to read until just recently where we got a reversal confirmation going long.
ETH bottomed out at the monthly support at $1373 and regained the $1594 previous 2017 ATH level as well as the upwards channel. Ethereum regained the $1784 level of resistance as support as well as this upwards channel as support...
XRP has been relatively quiet after the SEC pre-trial hearing that was set for Feb. 22nd. After the case, the price per XRP dropped from 0.57 all the way down to wick the 0.368 level. XRP didn’t see a single candle close underneath the 0.40326 level (I have marked out Santa’s Lair) which equals very bullish momentum.
From here, i’m expecting XRP to regain the...
Litecoin has found its bottom along $159 and is now looking like it wants to reverse going long towards $218.
This same exact pattern happened in January earlier this year around the $121 - $124 level before reaching $218. This time, Litecoin is accumulating at a higher spot trading price, so that only means that the next level of support is $262. The 2018 high...
Ethereum has been dipping this past week until it eventually found bottom along the local high at $1347. This level of support is significant because $1347 is the body of the ATH price created back in 2017. The fact that Ethereum reversed of of this level shows bullish momentum and the coin is in the middle of a reversal going back upwards.
From here, ETH just...
Bitcoin painted the bottom wick of the new March monthly candle earlier this week and is now looking like its in a reversal back upwards to $54,000 and beyond.
BTC couldn’t wick the uptrend or $41,337 when it dipped down and created the higher low, which is very bullish. Also something to note is that the fear/greed index has dropped significantly as the price...
Binance Coin has been relatively quiet after peaking around $333 a coin in the middle of the month. Since then, BNB has been selling off a bit as bulls have been taking profits and because of that a bullish pennant formed.
BNB has been making higher lows after taking off from $128 and has already backtested $194 support.
Right now it looks like BNB wants to...
Looking at LTC on the 4-hour time frame we can see that on the most recent pump it didn’t have quite enough strength to reach the $262 TP level like I had hoped, so it found the closest level of support to bounce off of which was $171.55 - $183 accumulation zone of the previous local high created in January.
From here, Litecoin looks like its going to hit the...
Looking at BTC on the 4-hour time frame it is obvious to see that it has been creating higher lows on each dump consistently. The fact that Bitcoin is creating these higher lows means that it is still in its bullish trend and that this most recent dump was just a sell off, not the big short just yet.
What’s interesting to note is that Bitcoin on this dump down...
Looking at ETH on the 4-hour time frame, it looks like bulls are fighting back and trying to reverse the trend back up. The scam wick that happened on February 22nd all the way down to $700 was a bit ridiculous and showed how much short strength the bears had to be able to push the price all the way down there.
The scam wick isn’t anything that we haven’t seen...
Just like Bitcoin and Ethereum, all eyes are on the major cap coins so Litecoin is in the conversation.
After hitting $171 (local high) earlier this year, Litecoin rejected and was consolidating along the $136 - $145 support level until it started breaking out last week. From here, Litecoin has surpassed the previous highs and hit $183 as TP as well as $218 for...
Looking at the 12-hour time frame of Ethereum we see that its gained the topside of this upwards channel as support going long towards the $2,022 target. Right now it looks like the $2,022 target is going to hit and the run should continue after hitting that level all the way to $2,709.
$2,709 is the 1.618 Fibo level placed after the 1.0 Fibo level at 0.786
ETH...
Zooming out a bit and taking a look at the chart of bitcoin on the daily timeframe, we can see more data. The run in December at the end of the year had the correction in January down to $30,838 and reversed off of there to the new highs we're at now.
Bitcoin broke through all the levels of resistance on the way up and is now heading towards the 2.618 Fibo level...
XLM has just recently reached new highs on Binance so I drew out these Fib levels to help gauge where the price is going to go. First off, XLM spent the entirety of January / February until now in accumulation right along the 0.277 - 0.30406 level.
XLM is clearly in a breakout now going long towards higher highs. Already, it has surpassed the 0.41194 local swing...
Bitcoin Cash is now in a bullish swing with just having re-gained the $515 level of resistance as support. From here, BCH looks like its going to hit $630 and then try to touch $721 on this cycle.
BCH has also been a sleeper 💤 but will follow the price of BTC and ETH going long.
