Looking out to the bigger picture, Harmony $ONE looks like it can hit over a dollar to around $1.50 this run ( if btc keeps up its uptrend of course)
Due to some confluences I see with the technical indicators provided.
- Support at previous ath which correlates to top of wave 3.
- RSI looks to have more strength.
- We are currently in the middle of wave 5 and...
A few things seem to be playing out:
-BTC is coming up to a some resistances ( diagonal TL + Price range)
-Its last 45% move up was followed by a pullback
- Bearish divergence is playing out like last time
A high probability tells us that we are close to seeing a small pull back -
I think we can see $58.5k (blue box) before retracing about -10%
What are your thoughts?
Ont has breached the .5 fib and once it closes above .618 I would take a long position!
Loooks like momentum is favoring the upside!
This is a very short term play!
Note: this is just an idea and not advice.
A simple chart can tell you so much, without indicators and other tools, sometimes the view can be so clear.
Taking a look at $btc we see the first challenge it needs to overcome is the last high at $52k which was in late august.
After we close above that price on the weekly chart we can expect to see $60k btc. Again, we will battle that area and upon close...
Btc is trading in this channel trending lower, it seems to have just broke out of the sym. triangle to the down side & is retesting the pattern.
The measured move would be around $38,500. to the bottom of the channel.
The .618 is also at that price.
Good short term support at $38.5k
Ontology is a coin that is showing a very healthy uptrend since the start of last year, creating higher lows & higher highs on its way back to the top.
What are your thoughts on ONT/USD?
ONG is a silent beast.
We see that it was trading under $.10 around the same time cardano was in april 2020. Which of the 2 coins hit $4 first? I'll give you a hint, it wasn't ADA.
ONG's price structure has been developing very nicely since last year.
- RSI is in a up trend, creating higher lows
- Heading out of the Bearish zone in the Stoch RSI.
We the have ONT/BTC 4hour chart:
ONT is in a bullish channel with very healthy price action.
Notice how we've been having double bottoms followed by a rise to the top of channel. This has happened repeatedly.
In addition, taking a look at the RSI - We see that every time we had are first bottom of the series of double bottoms, the RSI was at its lowest point...
Much to cover for $ETH here is looking like a boss after its double bottom followed by its nice run up and break out of the ascending triangle.
ETH will face its next challenge at the black line. Once it closes above that black line (on 2w)... we will see new ATH's!!!
The reason: On the 2 week timeframe, that is the most important resistance level...
Jumping straight into it we can see $btc uptrend is fading (less candles each move up) into consolidation above the 200 day MA (In red).
Additionally, volume has been declining and we are playing out a short term bearish divergence I spotted last week.
The bearish divergence can bring us down to 44.5 -45k range and still be in a healthy...
What's up everyone!
As we've seen cardano has had one of the strongest runs in crypto this year for a large cap that is!
Taking a look at the 8h, we see bulls fighting to pierce through the $3 resistance.
Can the bulls make it happen?
(If so they will need a close above the red area for significant meaning)
Will the bearish divergence play out causing a...
As we've recently seen, bitcoin has shredded through some critical price levels but will this there be enough momentum to take it the ATH & more?
In my opinion, I think BTC faces a major test at this 12k price zone & i'll be looking to go long once it closes this area on the weekly.
What are your thoughts and outlook on BTC for the year?