I can say it is still early here because no strong reversal signals are yet present. When we consider the other Altcoins such as Dogecoin, Polygon and Solana, we can easily spot a lower high in February compared to previous months, this isn't the case for Binance Coin. The most recent high came in February for BNBUSDT and we have no lower highs. What we do have...
Polygon (MATICUSDT) is now preparing for a lower low. Three peaks in succession is a common top signal and many people read it as Head & Shoulders, but truly as long as three peaks show up it can signal that a reversal is about to take place. It also works at support. ➖ The first peak happened in November. ➖ The second peak December 2023. ➖ The third and last...
Solana has been moving within a lower high for 52 days now, since 25-Dec 2023. On the chart we can see an interesting dynamic. When prices are set to grow, after a peak we normally get lower lows and lower highs as in a falling wedge or descending channel, shown as (1) on the chart. After the 25-Dec peak we did in fact had this dynamic until a bounce happened...
➖ The S&P 500 Index (SPX) hit an All-Time High the 12th of February 2024. The session ended red and as a negative candlestick pattern. ➖ On the 16th of February we have another bearish session that ended as a lower high. ➖ This Monday starts red with the index moving below EMA10. This is matched by a strong bearish divergence with the RSI. ➖ Finally, we can see...
Coinbase (COIN) ended the week on a very strong bearish note and we have a strong combinations of bearish signals on this chart. But first... How are you doing today? I hope you are having a wonderful time with your daily life. I've seen these charts, these stocks close red all the time and then surprisingly start the week on a bullish note and nullify the...
The truth is that Dogecoin had a weak 2023 and this is certainly because it produced a strong bullish wave in 2022 that was completely out of character with the rest of the market. It moved first but the entire 2023 ended as a consolidation year. One thing we can tell from this chart and the action that has been happening in the past 16 months... Dogecoin...
Aptos hit its highest level on the 4th of January 2024 since April 2023. On the 15th of February 2024, an attempt to move up took place but resistance was just too strong, the session ended as a lower high. ➖ The lower high Feb. vs Jan. reinforces a bearish bias. Not only the high but also the trading volume. ➖ Trading volume 4-Jan. was higher than 15-Feb. Or,...
Worldcoin has been moving within a very strong rising channel. After hitting the lower boundary of the channel, we can see an uptick in volume with a strong RSI. Just two days ago the action moved above EMA10/21/50 confirming a bullish bias. This chart is pointing up, higher, towards a new high compared to December 2023. We are expecting sustained long-term...
Last week closed as a Doji... This wouldn't be much taken in isolation but when we consider what the rest of the Altcoins market is doing it can become a pretty strong signal; When considered in combination with the other signals I am about to share. How are you feeling today? Let's get started... ➖ ICON (ICXBTC) hit a new All-Time Low last week and this is...
Let's go back to basics: ➖ Uptrend = Higher highs and higher lows. ➖ Downtrend = Lower highs and lower lows. We are using the Glimmer (GLMRBTC) chart to depict a transition from a downtrend to an uptrend. Pretty simple. Now that we are on the uptrend side, this trend remains valid as long as GLMR continues to produce higher highs and higher lows. Follow the...
RESISTANCE Why is Solana having such a hard time moving and closing above $113? Solana's highest weekly close related to its 2023 bullish wave happened the 18-Dec. week at $112.50. The highest price hit was $125.35 the following week on wick, 25-Dec. This same week closed at $101.70 Last week, 12-Feb., Solana wicked to $118.69 and closed at $112.24. Notice...
On this analysis we will focus on several reversal signals rather than projecting targets. ➖ In October 2023 ETCBTC hits a low and produces a small bounce. ➖ In December the same October low worked as support; More bounce. ➖ In January 2024 this support level fails but only momentarily. ETCBTC moved below just to quickly recover; A stop-loss hunt event and at the...
Good Monday my fellow Cryptocurrency trader, I hope you are a wonderful week. Notice here the yellow area on the chart, a long-term support level. HIVEUSDT has been playing with this range for a long while. - It all starts in June 2021 when it pierced below it. - This same level becomes the market bottom in December 2022. - A bounce happens June 2023 as soon as...
Here we have this support level strongly depicted on the chart in yellow... This support has been activated and holding for more than three months. — Let's have a look at Aragon vs Bitcoin | ANTBTC — There is potential for a bounce here for two reasons mainly: (1) The fact that this is the 0.618 Fib. retracement level for March-September 2023 wave. (2) Two...
The market moves based on cycles and within these cycles we have waves. Bitcoin is in a bullish cycle and in this bullish cycle we are experiencing the fifth and last wave of a bullish impulse... What now? The fifth wave is called the "speculative wave..." This is where everything can get out of control. The market can keep on going for an extended period of...
Bitcoin is closing the weekly session extremely bullish; we are likely witnessing the end of the fifth wave. The most relevant levels to the upside in the short-term are: 1) 53,000 2) 55,555 3) 59,000 - 60,000 These are the next three resistance levels to track based on fibonacci proportions and past history. It is of utmost importance to see a very strong...
➖ The last bullish cycle lasted 756 days from bottom to top. Total growth = 1,483% The bull-run phase within this cycle lasted 245 days. ➖ The last bearish cycle lasted 784 days from top to bottom. If the next bullish cycle were to last 756 days, similar to the 2019-2021 cycle; ADABTC would be moving bullish until mid November 2025 (17-Nov '25). This is if the...
In this long-term chart Ethereum is trading above the 0.382 Fib. retracement support level. This is a very strong and important level technically speaking because it relates to the entire action from September 2019 to present time. If this level holds, this is obviously bullish. If it fails, the bears get the upper hand. Now, what do I see? Seeing that lower...