💎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, ...
💎One of our expected CIX scenarios came true, and we already witnessed a 17.43% correction. What is important is that CIX has approached the 61.8% Fibonacci retracement level along with the simple uptrend trendline. Therefore, the 242.000 area can become strong support, but we need ...
Looking at the mid-term Bitcoin price action, we can point out the support and resistance levels. The support has been formed at $44,226, which initially was an 88.6% Fibonacci resistance, now acting as the demand level. The resistance was formed at $48,195, where BTC/USDT bounced off the top of the ascending channel. Considering higher highs and higher lows...
BAT, currently ranked #79 and being one of the top Digital Advertising tokens, might be getting ready for a large upside swing. As we can see, the long-term uptrend trendline is now acting as the support. At the same time, the previous Fibonacci resistance at $0.8885 has become the support. As long as BAT/USDT is ........
Yesterday Ethereum finally tested our projected resistance. At this point, the $3500 supply is being defended by the sellers. Although breaking higher will be extremely positive for the ETH in the months to come. The most recent high has been established at $3533. When there will be a clear daily break and close above this resistance, the ETH might ........
💎The initial Defi Index forecast came true and the price moved up towards the 8167 resistance. Moreover, Defi broke higher and on the pullback tested 8167 level, where resistance became the support. 💎Such price action leads us to the conclusion that the .......
💎The expected pullback is now taking place on CIX. Our scenario suggested ............
💎The Defi Index could have completed a Head and Shoulders reversal pattern while forming a double bottom at 5542 level. This support aligns with the 261.8% Fibonacci retracement, applied to the last pullback before the final drop. 💎Today, Defi Index is testing the support for the second time, and for now.............
💎Based on our last TOTAL analysis, it has reached the top of the range at 2.050T. More importantly, TOTAL broke above this resistance confirming a long-term bullish trend. 💎So now we expect that in the ...............
💎The Crypto Index is starting to look bullish as higher lows and higher highs pattern is already in place on lower timeframes. At the same time, we can see the break above the 225,500 resistance area, which has now become the demand zone. 💎The upside breakout should invite buyers, although ..............
The correction is over ⁉️ - Yello, ladies and gentlemen😎! 💎The Altcoin Index twice re-tested the top of the descending channel, which has acted as the support. This price action has drawn an ABC corrective pattern based on the Elliot Wave theory. 💎Right now, Alt Index is trading in the demand zone, and we already see a ...........
Compared to most coins, QTUM has established an uptrend on a 4h chart. Besides, price continues to respect the uptrend trendline, thus bulls are defending each support. Such price action favors a strong rally to the upside in the coming days.