A quick look at #ChainLink (LINKUSDT , 4HR, Binance):
LINK is consolidating after a dip that brought its price from $53 to $15 in two weeks, in what looks like a diamond bottom.
If the price confirms a breakout, we can see higher prices.
Hit the TP1 target, or
Exit after 50 candles, or Stop loss
If you want to read more about ChainLink...
A quick look at Litecoin (LTCUSDT, 4HR, Binance):
Signs of recovery after the big fall of last weekend. Price broke the wedge's trendline acting as resistance.
If LTC price confirms the breakout we could open a long position.
If it's a fakeout, price could find support in the $270-$255 range.
If you want to read more about Litecoin on CoinMarketCap, ...
A quick look at #MyNeighborAlice (#ALICEUSDT, #Binance, 4HR):
Price broke the upper resistance of the wedge pattern on April 28 with a solid increase in volume.
We should now wait for a confirmation.
First available support is at the $11.70 level.
If you want to read more about MyNeighborAlice on CoinMarketCap, click here .
What do you think?
A quick look at #PancakeSwap (#CAKEUSDT, #Binance, 4HR):
Whether we see a wedge or a broadening formation, CAKE is broke up from it with a nice spike in volume.
If confirmed, it could be a good entry.
If it fails, price could go back to the $23-$22 level.
If you want to read more about PancakeSwap on CoinMarketCap, click here .
What do you think?...
A quick look at #ChainLink (LINKUSDT, 4HR, Binance):
Price broke and retested the upper resistance of the pennant pattern on March 31, and the following wedge on April 13.
LINK then managed to break TP1 (Woo-hoo!) and run up to $44.40 (ATH), short of TP2, where it was rejected.
With the double-top, price is taking a break and should likely find support at...
A quick look at #Polkadot (#DOTUSDT, #Binance, 4HR):
Price broke the upper resistance of the pennant pattern earlier today, April 17, hitting its ATH at $48.36.
Since then, the 1HR chart shows what to me seems to be a confirmation. I opened a position at $44.63.
If DOT manages to flip R1 into support, we can try to reach TP1. If it does not hold, price...
A quick look at #Chromia (#CHRUSDT, #Binance, 4HR):
Price timidly broke the upper resistance of the wedge pattern on April 8, but it has also been trading within a range since March 16.
CHR needs to break R1 before aiming to TP1.
If rejected at R1, price should go back to the EMA200 or S1 and, if that does not hold, to S2.
If you want to read more about...
A quick look at #Algorand (#ALGOUSDT, #Binance, 4HR):
Price broke the upper resistance of the triangle pattern on March 29.
Since then, it broke the $1.47 resistance, flipping into support (S1). If S1 holds, price can try to break R1 and push the price higher.
If S1 does not hold, price might go back down and try to rebound from the EMA200/S2.
A quick look at #TheGraph (#GRTUSDT, #Binance, 4HR):
Price broke the upper resistance of the wedge pattern on March 28.
Since then, we managed to reach TP1, and now price is in this tight range between $2.15 and $1.90 (S1).
If S1 holds as support, GRT can attempt once again to break R1 and resume its walk towards TP2.
If S2 does not hold, price could find...
A quick look at #TrustWalletToken (#TWTUSDT, #Binance, 4HR):
Price broke the upper resistance of the pennant pattern on April 4 with a nice volume spike.
Since then, we missed TP1 by a $0,01 and lost support at the $0,80 level.
Currently, we are testing support at $0.74. If it manages to hold and push higher through resistance, we could see #TWT resume its...
A quick look at #Ethereum (#ETHUSDT, #Binance, 4HR):
ETH has been in a wedge formation since March 20, and broke previous ATHs three times. Price has been in a tight range since April 2 and, on April 13, it broke out of the pattern.
After reaching T1, it stopped at $2,548 (ATH).
If S1 holds, ETH can try again to break the ATH and move higher. If S1 does not...
A quick look at #NervosNetwork (#CKBUSDT, #Binance, 4HR):
Price broke the upper resistance of the wedge pattern on April 11.
However, since April 8, it's been going within a tight range between $0.029-$0.032 (reaching up to $0.035). It seem the , where it seems S1 is struggling to act as support. If it manages to hold and bounce off of that and break through...
A quick look at #Livepeer (#LPTUSDT, #Poloniex, 4HR):
Price broke out the upper resistance of the triangle pattern .
Let's wait for a confirmation of S1 or S2. If confirmed, we could see #LPT explore higher grounds. If both fail, price might go back down to S3.
What do you think?
Still learning here, so any constructive feedback and positive vibes to...
A quick look at #Ren (#RENUSDT, #Binance, 4HR):
There are two way I can look at this chart: A) Ren broke out a descending triangle on March 26; B) Ren broke out yesterday from a triangle. Either ways, price has been ranging since March 26.
Let's wait to see if the price bounces back from the upper side of the triangle, or for a confirmation of the upper...
A quick look at #Litecoin (#LTCUSDT, 4HR, #Binance):
Price broke the upper resistance of the pennant pattern on April 5.
After reaching T1, it stopped at $297 on its way to T2.
Price is now retracing to S1, where it might bounce back. If not, next supports are S2 and S3.
What do you think?
Still learning here, so any constructive feedback and positive...
LINK's recent drop came after breaking out a 2-week long raising wedge. After recharging at the $20-$21 range, price started to range within another raising wedge. I am new to trading but I read that raising wedges during a downtrend signal likely further drops. The price seems it has already broken out the wedge (confirmed). If I am correct with...
I really want Litecoin to continue its upward move, but...
On the 4H chart, we have a bullish shooting start with high volume in a supply area, that makes a lower high.
On the 1H chart, we can see a potential head & shoulder formation, another bullish shooting star on higher-than-average-volume in a supply area, followed by two bearish candles that seem to...
I am following up from my previous idea and I am trying to make sense of supply & demand zones, and volume. I am not an expert in this at all, so I'd appreciate your thoughts.
The 4H chart shows decreasing volume and an RSI in overbought zone. What I can't make my mind up is whether the volume is suggesting a slight decrease to retest the previous...