BitfulMind

BitfulMind Updated 

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...

BitfulMind Updated 

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...

BitfulMind Updated 

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...

BitfulMind Updated 

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...

BitfulMind Updated 

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. If you...

BitfulMind

Hi Community, 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...

BitfulMind

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...

BitfulMind

Hi Community, 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...

BitfulMind

Hi Community, Will Litecoin (LTC) go up or down? Price has been bouncing within a range for about a month now. It seems to have reached the end of the triangle and it's touching its upper resistance. If LTC will brake this resistance and retest it, it should then move straight up to at least 185$. If not, the apparent head & shoulder formation, if confirmed,...

BitfulMind

Price broke out the triangle. We are now looking for a confirmation of the breakout. After which, we should see price moving back up again. Volume on the breakout seems to suggest it could hold. Still learning here, so any constructive feedback and positive vibes are welcome. Thank you and Happy...

BitfulMind

Hi Community, After a dramatic drop, Litecoin rebounded at the 112$ price level. Since then, it failed twice to break through the 150$ level twice. We have already seen that pattern before, and the RSI bullish divergence is a positive sign. Where do you think LTC will go next? Still learning here, so any constructive feedback and positive vibes are...

BitfulMind

Hi Community, XZC seems to offer an opportunity here. Here is what I see: Price is rebounding from an ascending support line, which was previously tested. RSI 1H TF just moved above 30. RSI 4H TF is below 30. A potential 70% profit if price breaks the descending resistance line and flips it to support. Potential TP Targets: TP1: 3.70$ TP2:...

BitfulMind

Hi Community, Here is my take at LTC by looking at the 1hr and 4hr TFs. RSI is below 30 in both TFs, and it looks like the price may rebound on the .382 Fibonacci. If not, price may go down between the 90$-103$ range before resuming its way up. What do you think? Comments and feedback are most welcome. Happy...

BitfulMind Updated 

Hi Community, Here are my considerations on UNI since my last idea. I am basically lost in the charts and the patterns. Which one do you think UNI's price will follow: the descending one (black), all the way down to 3.14$ or 2.50$? the ascending one (red), all the way up to 5.60$? or the descending triangle (blue), down to 2.80$, before (hopefully)...

BitfulMind Updated 

Hi Community! Here is my take with Litecoin. I think it will move up to the upper descending resistance of the triangle at about 91$. If price breaks it and switch it to support, price can continue upwards. If not, it will go back to the lower resistance at approximately 75$. This is the idea of someone who is still learning. Comments and feedback are most...

BitfulMind

Hi Community! UNI seems to have rebounded from yesterday drop. Yet on the 4h chart, UNI is into a bearish channel and indicators seems to suggest that way. Do you think UNI will go back up, or down to the 3.50$ or even 3.10$ (or lower) levels? Comments and feedback are most welcome. Happy trading! ------------------------------------------------------ Needless...

BitfulMind

Hi Community, Still learning this fascinating world here! Question to you all: do you see a bearish triangle or a double bottom? What I see: Price touched support two times, and RSI is above 50 However, the triangle is quite evident at the bottom of a downtrend. I guess in these cases, you just have to wait and see, right? Comments and feedback are...

BitfulMind

Hi Community! Could this be a Diamond pattern indicating a reversal? RSI is going up, and we reached a support line. What do you think? Comments and feedback are most welcome. Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice!