Kava is making a decisive move just now as financial independence day comes to a close. Here we can see a "bottom" being tested three times before a bullish breakout develops. ➖ KAVABTC hit bottom 5-August. This same low is tested again 4-September and then again yesterday. Needless to say, every time the support level holds strong. ➖ Today we have a clear...
The latest lower high, 15-September, did not reach the "descending trendline." This is a sign of weakness and reinforces the chart's bearish bias. Every time Binance Coin produced a pull-back the major descending trendline worked as resistance. Seeing this level being challenged again on the most recent pull-back would be the norm. The fact that we are seeing...
Bitcoin is now trading at ~60,000, which is 20% below the All-Time High of 74,000. ➖ If Bitcoin were trading at 37,000, which is 50% below the All-Time High, this would be good before a major political event. We could say, "Bitcoin is trading pretty low already, the correction was really strong so it can recover anytime." This is if the price was trading at 37K,...
Let's look at Solana based on candlestick reading. (Notice the numbers and letters on top of the candles.) ➖ March 2024 signals the end of the bullish wave. (1) Breakdown. After the rise prices move lower strongly for the first time. (2) The first breakdown is confirmed by a second breakdown. (C) Continuation. (3) Strong breakdown. Lower high compared to...
Hello successful trader, let's make technical analysis simple. The market cycles mainly between two phases, a bearish phase and a bullish wave. These are the two polarities: up and down. ➖ A bullish wave is followed by a bearish wave. ➖ A bearish wave is followed by a bullish wave. It is that simple. ➢ It doesn't matter the time of the year, nor what politics...
My dear friends, another day, another opportunity, another interesting chart... I am hoping you are enjoying... Well, LIFE! Here we have Kadena vs Bitcoin, KDABTC. ➢ Why a BTC pair? Because Bitcoin is sideways right now and risky, and these chart setups are low risk and strong. Multiple your BTCs while you hold. The marked candle, 16-August, is a reversal...
We are looking at an early signal right now but Omni Network just broke out of small consolidation pattern. If the pattern breaks downward we can assume the continuation of the bearish move. Since we are seeing a break of the pattern to the upside, we can assume there will be an up-move. This assumption remains valid as long as prices continue moving higher. The...
Is it just me, or is it pretty obvious that some really strong bullish action is going-on, on this chart? Phantasma (SOULUSDT) has been growing recently after a bullish lower low and rounded bottom. But the most revealing signal of all comes from the trading volume, it has been rising and rising and rising since early 2024, February. The first target at 398% is...
You remember how Solana went through a major crash? This opened the doors for a massive recovery; growth potential becomes astronomical after a major crash. We have a similar situation here with V Systems (VSYSUSDT). Nothing is permanent in life... Not the good, not the bad. Nothing ever stays the same... The only constant is change. The Cryptocurrency market...
My fellow traders, here we have a classic bearish chart setup. ➖ Bitcoin has been consolidation with a bearish bias now for six months straight; it has been printing lower highs. ➖ Volume has been dominant on the bearish side and the BTC side of the Altcoins market is decidedly bullish. These signals are telling us that Bitcoin is likely to move down next;...
Pundi X is trading within an accumulation zone that is now more than 2.5 years old... I hope this day is treating you well... Let's go straight to the analysis. ➖ PUNDI X vs Tether (USDT) While a new All-Time Low has been hit recently, it is only a technicality. The ATL that was hit recently, in July 2024, is the same level that PUNDIXUSDT tested in May 2022,...
I share mostly bullish Altcoins, but I found this chart looking for those that are set to grow and thought it would be of interest to the holders of this pair. ➢ Velo's (VLXUSDT) correction might not be over. Last week, 9-Sept. session, closed as a lower high compared to the peak that was hit in March 2024. Volume has been dropping since February 2023. The...
Symbol (XYMUSDT) is showing some early reversal signals, based on the candles, but this time we will use the help of the oscillators to predict what will happen next. Good Tuesday my fellow trader, today is the eclipse (full Moon) and the week is still young... Let's see what it has to bring us all. ➢ XYM is trading near support, a new All-Time Low, and this is...
BOLTUSDT (BOLT Token) just produced a higher low right above its biggest support ever. Back in 2020, BOLTUSDT hit a major low and from this low a bullish phase develop, the well known 2020/21 bull-market. In a period of 371 days this pair grew by an astonishing 4,097%. The peak/ATH happened on the 29-March week of 2021. Three years and a half later, the same...
My dear reader, this is bullish confirmed! I can understand now why many people doubt what I am saying, because not "everything" will grow, but I never said everything will grow, I said, "the ones that I am sharing," because each chart is different and there are thousands of different Altcoins trading pairs. I feel better now knowing that even though the market...
Civic (CVCUSDT) looks like an early mover. It has been green for three weeks now and growing nicely since early August. I can see that it peaked a month before Bitcoin in 2021, so it is possible that it starts to move a month before the rest of the market. Well, that is a strong assumption but we have a long-term higher low and bullish action is happening. This...
Loom Network hit a new All-Time Low recently vs Bitcoin, technically, a double-bottom. It is a double-bottom because both lows are very close to each other and that is all that is needed for the definition of "double-bottom" to be valid. This a long, long-term double-bottom because the last low happened December 2020, almost four years ago. The new one came in...
Remember Loom Network last year? It grew more than 1,250% in 6 weeks. This happened on both the Tether (USDT) and Bitcoin (BTC) pairs. In 2020/21 it grew ~3,400%. I think we are set for another strong wave, simply based on past action. Potential is huge... Loom Network has been printing higher lows long-term, and higher highs. It has been bearish since October...