Well, it's hard to get a nicer chart than what we are seeing here today. ETH has completed a very bullish "cup and handle" pattern, followed by a breakout and retest of previous resistance. Now are just seeing a breakout to the upside of that retest. This move is being supported by a Normalised MACD crossover as well as RSI moving back up. OBV has gone green...
BNB has been showing some strength again over ETH in the last few days, but until proven wrong, I'm considering this as a short retracement in the downtrend. I've used a few red arrows to highlight the weakness in BNB's upward move over ETH. You can see that while price has been moving up, volume has been falling indicating that there is no commitment from the...
Not a lot new to see here. ETH has a clean breakout over BTC after the long consolidation and is moving nicely towards the long term target of 0.13BTC. BTC's price is currently being stifled by multiple overhead resistances, whereas ETH has broken most for the shackles and has the previous all time high in its sites. This sets the scene for ETH to easily continue...
ETH has broken out to the upside from a long consolidation triangle. This is extremely bullish and I'm expecting ETH to now significantly outperform BTC for the rest of the bull run. Looks like price is coming back to re-test the upper trend line and if it holds, will be a successful flip of resistance into support. This will leave ETH with a clear run having no...
The major trading pairs are all looking very vague at the moment with trading slowing to a crawl. I'm not trusting most of the indicators as the volume is too low for them to have any meaning. BNB has been trending up against ETH (all be it weakly) since the end of October and at this point still is. Recent price movement has brought it back down to the trend line...
Crunch Time - This is an interesting juncture. ETH has pushed up to the upper resistance line of the consolidation triangle and now has a decision to make. Is it going to break through and run up to my target market high of 0.13 BTC, or is it going to roll over and fall down towards support on the lower support line of the triangle? Technically it's not clear....
BNB made a high against ETH on the 12th of April 2021 and then trended down until August. Since then there have been three attempts to break to new lows (yellow circles) that were unsuccessful. A consolidation range has followed but more recently we are seeing BNB quietly and discretely building strength over ETH. We are seeing a slowly rising RSI and can now see...
For those of you who trade on Binance this chart is of more interest. With BTC, ETH and BNB being the major trading pairs on Binance it's good to understand which of the three is outperforming over time. While ETH has been outperforming both BTC and BNB for some time, over the last week we can see in this chart that the tables may be turning towards BNB. Both the...
Little update on my previous trend analysis on Cardano. I compared the channels on the daily vs. the weekly chart. On the daily, ADA shows some kind of a bullish trend, where as on the weekly, it looks more like continuation of the decline towards the next support level. I went on the Cardano forums and read a lot of its HODLers wishes to decouple ADA from...
This is one pair that has been bullish for a while in the long run however it seems it has hit it's mid-year highs and it's setting it's eyes on a nice short downwards to even the levels of 1.07
When the markets open tomorrow, I will be looking to short this pair instantly and forget this trade for like the next 3 months and watch what happens to your account....
