CryptoNCoffee

CryptoNCoffee

One of my favorite and most helpful tools when doing TA is identifying patterns on the RSI. Many understand that patterns like wedges and channels are extremely helpful in increasing the probability of a trade but many don't know that you can do the same with the RSI. I have a few examples of this on my page but here's another one before the fact. The RSI broke...

CryptoNCoffee

A lot of alt coin charts are looking the same. Bearish price structure with indicators flashing bearish signals. The daily RSI recent broke down out of a line of support it established back in December and it looks like we just had a bearish retest. All of this combined with current market sentiment is telling me that there could be real capitulation before we...

CryptoNCoffee

Based on current sentiment and price structure the probability that SUSHI heads towards $1.50 before breaking bullish out of this falling wedge is very likely. The daily RSI broke a trend of support it had established in January and it appears we just had the bearish retest and are starting to break back down. I think it's reasonable to expect a real...

CryptoNCoffee

Matic broke down out of the ascending broadening wedge in January of this year. It has now formed a descending triangle. A breakdown from this pattern has a target price of almost $.50. Investing in MATIC right now is PURELY out of confidence in the fundamentals. The technicals look bearish in my opinion. It could break upwards according to Bulkowski...

CryptoNCoffee

Yeah, I am a Link bull but I would be a poor trader if didn't consider the possibilities and didn't allow for the chart to show me what it could be doing. My theory is that Link could be in a descending channel with a bottom back at Dec 2020 bottoms at about $8.60. I could see Link starting to tank over the next two to three weeks. And then around mid April see a...

CryptoNCoffee

If we continue to see BTC pump into spring time I think it we can expect alts to follow. I expect ICP to head toward the point of control of this lower price range at around $20. This would coincide wit a break of the descending wedged. It would then be reasonable to see a bullish retest at the top of the wedge before a continuation to what I consider the...

CryptoNCoffee

Simple idea. The daily RSI seems to have formed a symmetrical wedge from late January until now. We can see that on Feb 28th we broke out of that wedge and are now in the process of retesting the top of the wedge as resistance. If we are able to hold it as support we could see a nice bounce to the measured target of the wedge. Price targets. I think we could...

CryptoNCoffee

As you can see Total 3 is in a descending broadening wedge and was most recently rejected at the upper diagonal line of resistance. Assuming BTC continues it's bullish reversal we can expect Alt's to do likewise. Could we come back down and test the recent lows again? Yes. But there's also a good probability that we hold the 720B area as support and attempt at...

CryptoNCoffee

BTC dominance is in a clear descending triangle, which is generally a bearish pattern. Could BTC break up out it? Of course. But statistically the chances are it will break down from it. Therefore it is reasonable to assume that a rejection from the upper line of resistance will lead into a juicy alt season. Until then we can keep expecting ALTs to continue to bleed sats.

CryptoNCoffee

Decent breakout of the diagonal line of resistance which has held BTC back since November. Although volume seems kind of weak and we did not make a higher high. BTC found resistance at the .236 fib level with coincides with the top of a rising channel. Coincidentally the measured breakdown of the pattern would place us back at $33k potentially setting up a...

CryptoNCoffee

I have posted before about a scenario where we could see ICP hit $10 or less. That was used using a linear chart. But what if we plot it into a log chart. As you can see, the short term chart is showing a clear descending triangle pattern. This is bearish. The measured breakdown would place ICP in high $15's which is confluent with the bottom of the descending...

CryptoNCoffee

I've heard it so often. Oh, this "coin" couldn't possibly go that low. And inevitably it goes that low. What is "that low for DOT?" $5 Yeah, if we break this bottom line of support then there is a high probability we will hit the bottom of the descending channel. Honestly, kind of hopping for that capitulation so we can get this downtrend over with.

CryptoNCoffee

Ok folks, we have to look at every possibility for ICP and even though in my opinion this could be the bottom we have to take into consideration of more downside risk.Where could we go? In this chart you see that we could possibly be in a descending channel. The bottom of that channel places us around $10 right now. Yes. It sound's insane. A sub $10 ICP...

CryptoNCoffee

Okay, everybody is super bearish right now and bullish perspectives are far and wide. Hopefully we can separate ours emotions from what's happening in the charts and see that ICP actually has an extremely bullish set up and you may not get another chance until the real bear market to buy at these prices. Note: I normally use log charts but I'm finding that a...

CryptoNCoffee

The idea is simple. When you look at the lows of summer 2021, shorts were around the same level they are today. January 21, 2022 we see a spike in shorts and prices reach macro support levels. If this bid to crash DOT doesn't work then the short squeeze that coming will be akin to the one over the summer and we can expect a 200% plus pump between Feb and March....

CryptoNCoffee

It is important to state that this is on a log scale chart. If you plot this on a non-log the bottom line of support is closer to $17. With that in mind we are at our strong macro line of support. We break this we're going down to at least $17 in my opinion. Bullish case: it looks like were in a descending broadening wedge which tends to break out bullish. I...

CryptoNCoffee

Here's an idea for you DOT degens. This line of in orange has had several touches as a clear line of support and resistance. If we are able to bounce off this line and break around $26.40 then we have a clear inverse head and shoulder pattern with a price target at the top of back to the range top at $32. There's also bullish divergence on the hourly so I would...

CryptoNCoffee

Of course this is conjecture but given BTC's market dominance I could see this scenario playing for DOTBTC. I could see DOTBTC having a decent pump to test the top of the rising channel trend line. Which depending on where BTC is at the moment could put it between $30-$33 USD and retesting the DOTUSD local high range. If we assume that BTC dominance has...