CryptoKoryoDefi

CryptoKoryoDefi

The next 10 days will probably tell us if we are in a bear market (below 40k) or not. To get a bit more bullish, we first need to get out of the descending channel. To get more bullish, we would need to conquer key levels of $47K, $51.5k and $54k.

CryptoKoryoDefi

$AAVE has been correcting lower for a couple of weeks. Since its high in the last days of 2021, this cryptocurrency has corrected from about $300 down to nearly $200. What is interesting about this decline is that it was holding inside this downward sloping green trend channel. Then, earlier this week, found support at this channel before falling further when...

CryptoKoryoDefi

Tezos has been well contained inside this bullish price channel since early 2019. The recent corrective dip in crypto is driving XTZ back towards the support trend line of this price channel. Should Tez dig a little deeper, it may provide a good buying opportunity as we anticipate a bounce to develop soon. Price appears well supported as more accumulation...

CryptoKoryoDefi

KAVA has broken above the resistance trend which has been holding it down since September 2021. After dipping lower from September thru December, support was found just below the 61.8% retracement level. Since then, KAVA has been rallying and has eventually broken above this resistance trend line. This recent break opens the door for higher pricing as the...

CryptoKoryoDefi

It is currently between two levels of support and resistance. If it can break the resistance level with high volume, its price can reach about $ 460. But if it loses support again, the price will fall to the $ 170 range.

CryptoKoryoDefi

GXCHain has been on a heck of a run in December rallying from about $0.60 to a high of $5.75. GXS hit our radar in late November as our internal bot generated a signal on Nov 29. Since then, the price action is hinting at some bullish vibes. For example, from the December high, price dipped down to the 61.8% retracement level on December 15. The strong rebound...

CryptoKoryoDefi

$BICO is a small cap cryptocurrency with a market capitalization of about $300 million ranking it at about #175 for market cap. The recent rally last week drove BICO higher up near its previous high at $6.35. This week’s corrective dip in the crypto market has held $BICO down pushing it back to old support levels. Support levels are areas where sellers stop...

CryptoKoryoDefi

Ravencoin has formed a nice base pattern which resembles a cup and handle formation. After finding a low, prices rallied back up to resistance. From there, prices drifted sideways as the weak hands were shaken out. Once the weak hands are removed, then the void of sellers allows for price to fly higher like it did in this case. Our internal bot caught the...

CryptoKoryoDefi Updated 

Yesterday, our internal bot generated a buy signal on ENJ. However, with price parked at resistance, we felt a retracement was in order so the recent gains could be consolidated. Sure enough, after a brief corrective dip ENJ has gathered its legs to push through the resistance. Volume is a little lower than as expected on a breakout. Some of that could be...

CryptoKoryoDefi

Since our last signal, MATIC has now cleared all previous resistances and is currently at an ATH! Considering the strong fundamentals and the great community, this is no coincidence. From a TA point of view, the chart looks very bullish. One could swing trade it from here or just buy and hold for the next 2,3 months. We easily see MATIC reaching $5 in Q1 2022!

CryptoKoryoDefi

ConstitutionDAO has been listed very recently both on Binance and Binance Futures. It's a very new project and might have good upside potential. From a TA perspective, we are mainly looking for a break out the ATH before considering a long position. The pullback on the diagonal support could be another entry although we prefer the breakout entry.

CryptoKoryoDefi Updated 

Our internal bot pushed a signal to us 9 hours ago about $ELON. At that time, we wanted to hold out and wait to see if it would be successful in breaking above the resistance trend lines. Fast forward a few hours and ELON has punched above both resistance trend lines giving us the green light. We are targeting higher levels at round numbers 150, 1600, 1700, &...

CryptoKoryoDefi

After an aggressive selloff that brought SPELL to sharply to $0.006 in early December, SPELL was able to recover again, and started a new uptrend. In the second wave, the current trend was able to break its downtrend line and reached today the 0.382 Fib level. Now the price has been rejected in that area. Moreover, the Stochastic is also oversold on the daily TF...

CryptoKoryoDefi

Bitcoin's halving cycle has created local highs and lows every 2 years around December. If this cycle is extrapolated forward, then we have have experienced a local high in November 2021. If that is the case, previous cycle lows have held in the 23.6% to 38.2% retracement level of the previous cycle extremes. For example, the 2014-2015 low fell within the...

CryptoKoryoDefi

AUDIO has done nothing interesting in the last 3 months (chart perspective). But now, after the long retracement, price is near support around $1.4, we are near the break of the descending diagonal and the MACD is turning bullish. RRR is interesting. This is not a buy signal yet. Typically, in such cases, you want to see a strong volume on the 4H or 1D to...

CryptoKoryoDefi

Bitcoin has been in a clear downtrend since mid-November making lower lows and lower highs. The downtrend is still not finished. However, the RSI is showing bullish divergence and we are seeing some form of double bottom forming. The RSI pattern is similar to what happened during September, with the strong rally that happened in October. We are waiting for the...

CryptoKoryoDefi

Luna showing a lot of strength in the last days! A new ATH in the next weeks look inevitable! Like 3 days ago, a break and retest of the outlined resistance would be a good entry.

CryptoKoryoDefi

MANA is showing some strength today and broke out of the descending diagonal resistance. A conservative play would be to wait for the successful breakout from R1 resistance and a retest of it. The TP would then be R2 near $4.3 A more aggressive entry could to get in on the fist pullback.