After the break above the trendline, we might be seeing a continuation of the uptrend. Potentially, the price should be aimed at the top of the ascending channel.
💎BNX has been able to defend strong support at $93, after which a new higher high has been printed. Is this a strong bullish sign or we are about to see a downtrend?
💎Based on the price action, the uptrend remains valid as long as the recent lower low at 104.70 is respected. On the chart, we can see the critical demand level at 115.83, where the most trading...
We already see a strong recovery by KCS and this can eventually turn into an uptrend. Although as long as the recent high holds, there is a chance of an ABC corrective pattern.
💎During the past few months GARI has been one of the top gainers. Price has increased by nearly 200%, but is there potential for another 100% growth?
💎The trend is bullish as GARI/USD continues to print higher highs and higher lows. Besides, for the past week bulls didn't allow the price to go below the key supply area near 0.6335.
💎Until the point where the price....
💎"The BTCDOM Index provides insights into the market and can be used as a tool to speculate on Bitcoin’s relative strength against altcoins. Essentially, the index measures the demand for Bitcoin relative to altcoins. When altcoins gain market share relative to Bitcoin, the BTCDOM index loses value. Conversely, when Bitcoin gains market share relative to altcoins,...
💎Last week NAKA/USDT reached and bounced off the bottom of the descending channel. The MACD formed a bullish divergence after which the price broke above the simple downtrend trendline. So what such price action means?
💎This pattern might imply that NAKA has bottomed out, significantly increasing the potential trend reversal. As long as the recent bottom at...
💎Throughout this year SAND has been trending down, but perhaps this was only a corrective pattern of a major bullish trend?
💎The pattern, started back in November 2021, is identical to a Falling Wedge pattern, which most of is bullish. Wave five could be ending any time, and once completed, we are likely to see a price rally. Still, Paradise Team is waiting for a...
BTC/USD FREE UPDATE
- Yello, ladies and gentlemen
The Pain is over. Market macro bottomed. Today's reversal candle should confirm it, it needs to close above $29500, and so far, it looks like we will make it!
FROM A SHORT-TERM PERSPECTIVE
We are seeing a good recovery supported by whales. A healthy rebound came, and with s, we have made a great profit from...
💎Since April Alt Index has dropped by 58%, and during the past week by 45%. But should the knife-catching buying opportunity be considered?
💎The crypto crash has resulted in massive liquidations especially if we look at Luna, losing 99%. For most this is a huge warning sign, but we know that bulls are coming when there is mostly fear.
💎Current Fear & Greed Index...
💎The long-term trend for Monero is bullish as long as we hold the highlighted support zone. But are bulls strong enough to defend it?
💎Today XMR/USDT is back at the major monthly support zone after a heavy selloff this week. The selling pressure is rising once again with a big volume which suggests that bears are trying to push XMR below the demand zone.
💎Right...
NZD/CHF bounced off the long-term downtrend trendline implying further downside pressure. Lower lows and lower highs are printed without any signs of a trend reversal.
While the prevailing trend remains bearish, we should expect a relatively strong pullback, potentially towards the 0.6326 zone. If NZD/CHF reaches this resistance, we will be looking for a selling...
💎Since April this year the crypto market has been undergoing an extended downside correction. On the contrary, the Tron has been trading up since April.
💎Thus, TRX is one of the few coins which has been rising during the declining crypto market. The most important was the break above the 0.0719 resistance, followed by the bounce off the uptrend...
💎In one of our last Defi analyses we have shown the formation of the double bottom. After the price bounced off the 8500 resistance area for the second time, we can witness a potential formation of a triple bottom.
💎The critical support lies at 5590, which is confirmed by the 88.6% Fibonacci retracement level. As of yet, Defi respected the support while trading...
💎On April 30, TOTAL2 had reached and rejected two technical indicators at 966.832B. The first is an 8/1 Gann Fan trendline and the second is a 0% Fibonacci level. We applied the Fibonacci so that 50% is placed right at the ascending channel breakout point. This way, Fibs show that after the breakout, the price has dropped the same distance as the width of the...
💎Today we will look at the TOTAL3 price action. TOTAL3 is a crypto market cap excluding the Bitcoin and Ethereum capitalization, which is providing the perspective for the Altcoin potential.
💎Back on February 24, TOTAL3 formed a double bottom at 600B, which is strong psychological support. Since then we can observe the price action within the ascending channel....
💎Based on our previous CIX analysis, a bullish case was expected upon the break above the 257,000 resistance. The bearish scenario was expected upon the daily break and close below the 239,00 support.
💎The bearish scenario took place and the price fell to the 227,000 support. This is likely to be a critical demand area, a decision-making point for the medium-term...
💎The critical factor in the recent price action of the Alt Index is the bounce off the average-price downtrend trendline. Besides, after a bounce, we can see a double bottom formation near 3275.
💎The above-mentioned facts strongly favor the beginning of a strong uptrend. But on the other hand, we can see that the consolidation phase between 2870 - 4000 is taking...
💎Bulls won the battle at our projected support. There were a bounce off the simple uptrend trendline and 61.8% Fibs at 242,000.
💎During the past week CIX has been consolidating between 239-257k. But today we can witness an attempt to break above the downtrend trendline.
💎If/when CIX breaks higher, ...
