Intro: - Ethereum currently has the biggest ecosystem and running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further...
US30 took a very steep fall today. However, if you look back to the week of July 16th, 2021(a week of another steep fall for the Dow), price recovered at a very similar point. The neckline at 34143 of the head and shoulders was a momentary point of rejection back in July and I believe price will push off of 33970 after bulls come back into the market. Pullback @...
Currently having some form of resistance around the RM0.98 region, having able to surpass this, I believe MYX:AIRASIA has much room to move higher. Targeting an initial area of RM1.50, then RM2.12 and further RM2.63 (lesser probability) IF the initial RM0.98 resistance area is broken. These are just my views and in no way represent any buy/sell call or...
Intro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - The DeFi sector did have a hard time during midyear but finally recovers and with it also REEF. - It takes some time to create such ideas and...
Guys, I'm not saying this is set in stone and anything can happen in crypto. However, I am confident this following out in the pattern. I have combined Gann Method with the Elliot Wave Impulse and I predict at the least BTC is very close to its bottom. We may have some side ways consolidation within the support and resistance levels illustrated by the Gann fan....
I think the bottom is in (unless issue). And now with the June numbers more than doubling, NAS could see aa decent upside and make some recovery. We are still not out of dark water with 50% of population still not vaccinated and the alarm bells about Delta variant. But ignoring those variables and just looking at the current picture I think it make's a good buy...
Intro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to...
Intro: - AKT is currently in a downtrend and did rebound around 2$. - Unfortunately AKT on tradingview does not show the full history. We include the resistance levels around 5$ and 6$. But since we believe in this coin and its potential we will start covering it here. - Akash is one of the first cloud computing and cloud storage service based on blockchain. Cloud...
BTC has now broken and confirmed a major trendline (in blue) dating back to DEC 2020. The last time BTC created this trendline we saw gains of 121% in a matter of a month and continued to grow from there in a rather parabolic fashion. If we see similar enthusiasm from investors this time around, we could see 100k in as close as September. Either way, BTC is a good...
Intro: - ERGO rebounds from 7.5$ and goes for new ATH. - Unfortunately ERGO on tradingview does not show the full history. We include the resistance levels around 10$, 12.5$ and 17$. But since we believe in this coin and its potential we will start covering it here. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a...
Intro: - Btcoin broke out of it's downtrend indicated by the yellow line. - The last three times we did take a look at the Wyckoff accumulation pattern and it seems we finally are moving towards Phase E. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - The volume continues to increase which...
Intro: - Ethereum broke out of it's downtrend indicated by the yellow line. - Last time we said that the W recovery (drawn in red) is a stronger pattern and it did confirm for this time. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - ETH dropped three times to the 1750$ level and did...
REEF starts some serious recovery and did now break upwards the 0.0165$. We now were in a downtrend for at least three months. If we can break this trend and head towards an uptrend we expect to hit the 0.05$ line soon again. The next potential resistance is still 20% away. Daily chart on the left hand side: - We see a strong recovery which could take some more...
QTUM did break above the 7.5$ line and formed a consolidation bullflag which broke upwards as well. We now reached the first target zone defined by 11-12.5$. Looking at this strong move we expect some consolidation before we break into and through this target zone. We closed some part of the position and did take partial profits. Once we move above 12.5$ we maybe...
STRAX forms a Head and Shoulders pattern which could break upwards in price. The RSI on the 4h chart currently follows the upwards trend indicated by the yellow line. Also on the 4h chart we see a bullish cross between the 50 and 200 MA which is indicated by the yellow camera. If the breakout occurs we expect some upwards movement with the target close to the...
Ethereum broke out of it's downtrend indicated by the yellow line. If we look at the last two bottoms we see a double bottom that formed a W shape which is commonly known was one of the stronger pattern. Daily chart on the left hand side: - ETH dropped three times to the 1750$ level and did get a bounce each time. - The volume did not really go up while the...
Ellipsis currently is within a big consolidation which is indicated by the violet lines. The volume drops before the final breakout which seems imminent since we are in the apex of the consolidation wedge. Daily chart on the left hand side: - We see the price consolidation into a very narrow range. - The RSI is hovering over the 50 line and it looks like...
NEO just pumped and tests the first of three big resistance lines around 45$. Daily on the left hand side: - The RSI moved over 70 and is now near overbought area. We expect some kind of consolidation before we move upwards again. - The downwards trend seems broken after hovering above the lower yellow line. - We see a volume increase during the last days. 4h on...