ADA analysis: ADA breaks the resistance area and now retesting it. Also, ADA is respecting the uptrend line and we may see a retest of the uptrend line. The support zone for ADA is $1.35-$1.40 and we expect a bounce from here. If ADA breaks below the uptrend line we see more dump in the coming days. There is a heavy resistance area of $1.6-$1.65 and $1.8-$1.86....
BTC struggling to break the $33,800-$34,000 resistance. We are still in the triangle. BTC needs to break $34,000 and retest the triangle's upper trendline, which works as heavy resistance. We may see a retest of $35,100-$35,300 in the next couple of days. Let's wait for a breakout of the triangle to get a clear picture.
MATIC Analysis: MATIC is trading in the triangle and rejected from the downtrend line. The triangle is now heading towards the deciding zone. No trading opportunity at the current market price. Either wait for a breakout of $1.25 and only open a long position if it holds this point or waits for the retest of $0.97-$1.03 support zone. Keep an eye on the triangle...
Bitcoin Dominance Update: Bitcoin dominance is rejecting from the resistance level again. If BTC dominance breaks the resistance level of 48.3% we see more dump in alts and dominance will go towards 50% levels. The support is near the 45% area and if BTC stable for a week we will see some relief rally in alts. Don't open many alt long positions as the...
BTC Update: Bitcoin is again taking support of the $30,000 area. There are a lot of buyers near $30,000 and high demand. The wicks showing the rejection and buying pressure. No daily candle yet close below $30,000. The major resistance remains the same of $40,000-$42,000 area. BTC is now at the local resistance area of $33,500 and if broken we see a push towards...
ADA is now at the heavy resistance area and also at the downtrend line. This is no trade zone for ADA, wait for a clear breakout and retest or for rejection. The support, for now, is around $1.7-$1.2 area and the heavy demand zone is near $1. This is not a good time to enter in ADA.
ADA Analysis: ADA broke the downtrend line and trying to break the major resistance area of $1.6-$1.63 but rejected from there. We may see a bounce from the local support zone of $1.47-$1.5. If ADA is unable to hold the $1.47 support area we will see $1.35 or below. ADA is now in no trade zone, either buy after the breakout of the resistance zone or near the...
BTC Update: BTC break the resistance area of $37,000 and now trading near $37,750. Bitcoin made a high of $38,491 but unable to hold above the $38,000 area. The triangle in the picture is already broken downwards and not valid now but the long downtrend line is the major resistance which is around $38,100. BTC needs to break the downtrend line and hold above it....
BTC Update: BTC break the symmetric triangle and bounced back from the $31,000 support. We may see a retest of the triangle line (around $35,500) and see if BTC can break and close above it. If BTC unable to close above that level we may see another retest of the $32,500-$33,000 area. So far the $30,000-$31,5000 look very strong and bulls buying very...
BTC Update: BTC break the symmetric triangle and bounced back from the $31,000 support. We may see a retest of the triangle line (around $35,500) and see if BTC can break and close above it. If BTC unable to close above that level we may see another retest of the $32,500-$33,000 area. So far the $30,000-$31,5000 look very strong and bulls buying very...
BNB analysis BNB is struggling to cross the 4-hour resistance but respecting the uptrend line. The triangle is now at deciding zone and we will see a breakout on either side soon. Either buy after the upward breakout confirmation or wait for a downward breakout, if BNB breaks downward we will see $350 levels. The major support level is $300-$310 area. Wait for a...
OGN is bouncing from the local support and also respecting the uptrend line. OGN breakout the symmetric triangle now trading above it. Origin Protocol team has announced a buyback of $1.3 Million worth of OGN tokens. The team is continuously reducing the liquid supply of the OGN token. Buy zone: $0.922-$0.925 Target: $1.07 - $1.19 - $1.34 - $1.47 - $1.67 -...
BTC Update: BTC breakout the resistance area of $37,300-$37,500 and gives a perfect retest. BTC now rejecting from the $39,500 resistance area. To continue the upward moment BTC should hold above the $37,500 area. The local support is $38,500 and then $37,800. BTC showing bullish strength on lower time frames. The key point to cross is the daily 200 MA and...
BTC Update: BTC is struggling to break and hold above the $37,300-$37,500 area. If BTC rejected again from there the local support is $36.500 area and after that $35,500 zone. Bitcoin bulls trying hard to break this level and testing it multiple times. Bulls need to flip this level as support to move higher. The good thing is BTC broke and holding above the 200...
DOGE analysis DOGE break the symmetric channel and is now coming to retest the trendline. Buy DOGE on the retest, there are no big fundamentals for DOGE but we all know ELON MUSK will tweet anytime about DOGE and it will pump 10-20% instantly. Although ELON MUSK hype is also fading away so manage risk accordingly. Stop loss is necessary for all trades. Place...
Here is the analysis of XRP. XRP break the support level of $1 and rejected from there also. Ripple is looking strong in the SEC case and we see a settlement in the upcoming weeks. Ripple's CEO also said that they are planning to launch an IPO after the SEC case settlement. If you are looking to open a new position in XRP then place your orders around $0.8 and...
BTC Update BTC is forming a symmetric triangle and respecting the support and resistance lines. The triangle is tightening up, we may see another test of the $39,500-$39,800 area. Bulls need to break this triangle in an upward direction and hold above it. So far market is absorbing all the FUDs and holding the $35,000 support level. A downward breakout of this...
SHIB Analysis SHIB is forming a falling wedge and respecting both the resistance and support lines. The major support zone for SHIB is 680-720 (there are a lot of zeros). If you looking to open a long position in SHIB place your orders in the support zone. Use only 1-2% of your funds as SHIB is just a memecoin or say shitcoin and not good for long-term...