Bitcoin Quick Update Bitcoin breaks the downtrend line and successfully retested it. There is also the demand zone (yellow area) and BTC bouncing from there. No need to panic as long as BTC trading above $53,500. There is very low sell pressure on exchanges and also public companies are investing in BTC. We are bullish on BTC and we may see a good rally in MAY....
SNGLS formed a double bottom on the 4-hour chart and also bounced from the accumulation zone. Accumulation is done and now SNGLS is ready for the next leg up. We will see a good rally after it breaks the 50 resistance zone. If you missed PHB and CKB, don't miss SNGLS. Buy Zone: 48-49 Target: 54-58-65-72-78-85-92-99
CKB is breaking out the long downtrend channel after hitting the demand zone. There are a lot of buyers waiting in the demand zone and CKB pumped hard from there and now preparing for the next rally. Buy Zone: 43-44 Target: 49-53-58-63-69-76-83-91-99
BCH has formed a double bottom on the 1-hour chart and also breaking out the downtrend line. This is a good time to build your position in BCH. Buy Zone: $810 - $815 Target: $895 - $985 - $1080 - $1190 - $1330 - $1480 - $1680
Chainlink has broken the long downtrend line and now trading above it. Chainlink is a decentralized oracle network and has a lot of big partnerships. A good rally is pending in LINK. Buy Zone: $33.5 - $34.1 Target: $38.3 - $42.4 - $47.3 - $52.7 - $58.9 - $63.5 - $69.8
PHB is now trading at the long accumulation zone. There is a lot of accumulation is done in this zone and we already see a good rally in PHB. PHB is now preparing for the second rally. PHB staking is started on the BSC chain to farm tokens, which will reduce the supply from the market. Buy Zone: 36-37 Target: 41-44-49-55-61-66-71-79-85-92-99
DGB is forming an ascending triangle and also there is a double bottom. DGB has one of the most active teams in the crypto space and the team is working hard on the developments of the project. We are expecting a good rally in DGB after it breaks the horizontal line resistance of $0.126. Buy Zone: $0.15 - $0.12 Target: $0.133 - $0.146 - $0.158 - $0.169 - $0.183...
Bitcoin Dominance Update Bitcoin Dominance is bouncing from the long horizontal support line and also tests the psychological support of 50%. There are two possible scenarios now. The first one is that Dominance bounced from here and test the 58% resistance area and if breaks above it we see a retest of 64% resistance area. In that case, alts will bleed in the...
Litecoin is bouncing from the demand zone and now trading at the local support zone. This is a good opportunity to add some LTC for the mid-term. LTC has not pumped much like other big caps and a rally is pending. Buy Zone: $260 - $265 (add more in dips) Target: $288 - $317 - $344 - $382 - $424 - $478 - $514 - $565 - $620 (will touch $1000 in long term)
PERL is a binance launchpad coin and now at the support zone. PERL is now testing the 50 MA support and also at the horizontal support zone. PERL has a very low market cap as compared to other launchpad coins and we see a good rally in PERL soon. The Perlin team is working hard on the developments and partnerships of the project and the good news is coming in next...
Bitcoin is taking support at the daily 50 MA (Moving Average), the yellow line and needs to close above it to remain bullish. Bitcoin never closes a daily candle below daily 50 MA after the rally starts from $11,000. If BTC daily candle closes below the 50 MA then that is bearish and it will be going to test the 100 MA (Orange line). This week is very crucial...
QKC tested the major support zone and now trading above it. There are wicks that indicate stop hunting and QKC now ready for the next rally. QKC also has an NFT name auction coming next week and we see how coins pump on NFT news. We see a good rally in QKC from here. Buy Zone: 60-61 Target: 69-77-88-95-106-118-129-144-158-174-188-197
PHB is now forming a triangle and now at the support line. Phoenix Global team is working on the developments and partnerships of the project. PHB recently deployed on the Binance smart chain and staking pools are confirmed. Phoenix Oracle beta version is about to launch in the coming weeks. PHB is now running on the testnet and the team is working to roll out the...
AVAX is preparing for another big rally. AVAX is taking support at the horizontal line and forming a triangle. The breakout will start a new rally in AVAX and Avalanche team is working on the developments and partnerships of the project. AVAX has a lot of big news coming in the second quarter and we see a big rally soon. AVAX recently partnered with Blocknet to...
ETH continues the uptrend and tested the horizontal support many times before going up. Ethereum has taken the support near the previous all-time high and bounced from there. The next target for ETH is $2500 and that is a big physiological resistance area and we see some profit booking near $2500. If you have an ETH bag hold it and if you looking for a new entry...
CHR is now forming a symmetric triangle and is fighting the range. A breakout will start a new rally in CHR. We have seen how CHR pump when news release. CHR team is working hard on the developments and partnerships and CHR has a lot of positive news coming in the next few weeks. Buy Zone: $0.33 - $0.335 Target: $0.37 - $0.395 - $0.424 - $0.464 - $0.497 -...
PHB is now forming a symmetric triangle and now at the support line. Phoenix Global team is working on the developments and partnerships of the project. PHB recently deployed on the Binance smart chain and staking pools are confirmed. Phoenix Oracle beta version is about to launch in the coming weeks. PHB is now running on the testnet and the team is working to...
DEGO is an NFT and DeFi project and NFT coins are doing very well in this bull run. DEGO now testing the support line and we expecting a good bounce from here. DEGO broke the long downtrend with a big volume candle and now accumulation is going on for the next leg up. Buy Zone: $16.8 - $17 Target: $18.78 - $19.94 - $21.2 - $23.6 - $26.8 - $28.9 - $31.3 - $34.4...