LINKUSDT has been one of the best performing cryptocurrencies in the past 3 years. Now I'm opening a small short trying to catch it going back to the lower part of the range. It will probably bounce back on the lower part of the range.
DOTUSDT has sucesfully made higher highs, and higher lows, signaling the end of the downtrend and the start of a new uptrend. This dip will probably remain as the Day's low and we can now continue onto higher highs and a possible retest of the ATH. We only need to continue the bull market for this to happen.
We have hit what appears to be a strong area of support. The pretty good reaction to hitting support shows buyers can still control price for a while longer. I'm opening a long position, looking for DOTUSDT to at least retest the previous ATH. The entire market seems to have dipped slightly but this is probably a healthy pullback and we can continue the uptrend.
ETHEREUM:USDT Has had one hell of a run! Fueled by ALTCOINS and DeFi bull markets, it really has pushed on, with an impressive 346% increase in value in November 2nd vs Bitcoin's 200% in the same period. Now Ethereum seems to be approaching a local top, with a bearish divergence in the EWO (Elliot Wave Oscillator) and a decrease in volume as shown in the Volume...
Looks like quite a clean touch of support with pretty strong buying pressure. Let's see if we can continue up and breakout of this range.
BITCOIN:USDT shows quite some strength with the recent PUMP towards 40K. Most altcoins stop their uptrends when BITCOIN goes up, as most of the Supply of BTC and TETHERUS is used for BITCOIN instead of ALTS. Right now we are in a tough spot, we could have BITCOIN continue the uptrend, causing most ALTS to stall or even lose value, or we could continue the trend...
ZRX:USDT Has shown quite an impressive performance, now after the last uptrend, we had a pullback and it might prove a good opportunity to buy. I'm going long here to try and catch the rest of the move UP. Atleast from the lower part of the BB to the upper.
RUNE:USDT like any good DeFi project has quite some good possibilities of a strong uptrend in the current conditions. Let's wait and see if it hits this area of pretty strong support, where it could consolidate for a while before another uptrend. It might also bounce pretty hard from this area if buying support comes in, I will try to jump in if that happens,...
KAVA:USDT is looking good with a decent uptrend and a small retest of the 3.08 swing low. We might be in the start of a larger uptrend, so I'm opening a long trying to catch the rest of the move up. With some luck we could go to new ATH. DeFi right now is on fire in nearly all markets, we might catch part of the upswing with less risk with "older" projects like KAVA.
Support is strongest when it's first tested. Where can we find support? well, an area of resistance is a great point of reference, here we can see a previous resistance acting as support with a very strong reaction. This shows this a great buying opportunity, with the stop loss of 2 ATR below the support (to really stop the trade only if we are wrong or the...
They say DOGE is just another meme coin, well it is but memes have proven to be quite good bets if you know how where to get in and practice some trade management. This Dip looks quite clean, touching previous support and previous area of interest. Volume is not that high right now, but we might soon pick up more steam with some luck. Let's wait and see.
We are currently between the resistance of the Ichimokou cloud above us, with the 200 MA acting like it would in any ranging market. Also we are beneath the 50 and 100 EMA signaling we are in a short downtrend. What mostly worries me is the lack of volume in this are compared with the long period of consolidation we had just below 20K. Now we seem to be in a...
BTCUSDT has had an amazing run so far!. But we had a long period of consolidation, which we had before the breakout. Now it seems we need to pull back to give some rest to the buyers and consolidate on this new range (24K to 19K) for a while, before the next leg up. I think 20K and upper 19K are going to be a great area of support for this, they are so far the...
$LINK has proven again and again to be one of the best investments of 2019 to 2020. Now after the recent market-wide pullback, we are at a point of support. Not all supports are the same, the more times support is tested, the weaker it becomes as buyers become exhausted, this support has only been tested once very briefly so we can expect it to remain...
We seem to be having a small correction today for the whole crypto market XRPUSDT had in the previous weeks recovered plenty of lost ground after years of bearish market. Now I'm trying to LONG this small retracement at a previous resistance and now probable support. Let's see how this plays out
Looking for a Long position for ALGO:USDT we seem to have been building up for a break of resistance and a retest of previous highs We had a triangle building up against previous resistance and pretty good volume on the last support that could indicate a period of consolidation. Now we are in the middle of a bullish market and ALGO has been quite a good...
XRP:USDT is not my favorite crypto I will admit to that. Now we had a pretty impressive run after a long period of consolidation around 0.25 to 0.30 But after that run volume has not supported the move as we can see from the volume profile on the left of the screen, we had pretty low volume for such an impressive run. That means few buyers willing to hold the...
ONTUSDT seems to have broken out of the triangle and might soon go on a parabolic run. Volume has been quite strong showing serious support behind the move up. The red line shows the point of highest volume which we have left behind and will become a possible area of support. This move up with the clear break of the triangle and the massive volume behind it...