ETH found support today and moved higher with a lovely 4h green candle. This gives us some confidence we may soon re-test $2k. Will we be successful? I believe we have to cross $2k this time, otherwise it would be rather bearish to be rejected again. The indicators on 4h look great, similar to BTC and very bullish, so this momentum is good, question is if we...
BTC is looking sexy! We re-tested the support at 54k twice now and this second time we made a higher low = bullish! Now we find ourselves at a key resistance level of $58k - if we pass this level and move higher then BTC is likely to set a new ATH and push higher towards $70k! Price action is bullish and the indicators + volume on 4h confirm this. We only need...
BCH is approaching a decision time. We are in this symmetrical triangle which is normally a continuation pattern (bullish in this case). For this to confirm, we need to break-up and move above $620. This would confirm BCH is ready to pump and aim for $1,000. If we fail to do so, we break-down and pierce the parabola in yellow and we fall towards $400... then...
GRT has maintained its price very well above $1.5 which has acted as strong support and most recently we did not even touch it before buyers came in strong. On 4h GRT is looking bullish so I expect us to push at least up to the diagonal resistance just under $2. Once there we may be rejected before we can push up again. Nevertheless, GRT is very bullish as it...
XTZ was a big disappointment in this bullish market considering it barely managed to double in price in 2021. Many expected more from this coin when LINK and DEFI exploded... yet XTZ barely moved by comparison. Now after we hit the resistance at 5$, XTZ is correcting since mid-Feb. We're at the mid-point in this large ascending channel and at a decisive moment....
Similar to XRP, XLM is at a decisive point with little room left for price to move before a breakout. A break of this descending triangle will give us an indication of where price is headed. So far the support at $0.37 held well and it may be strong enough to give XLM a nice push higher. This bias is also supported by the daily indicators which are trying to...
BAT is quickly approaching a key resistance at $1.1 where I'd be surprised for price to push above. This bias is also supported by the indicators that look a bit bearish with a MACD and RSI bearish divergence and decreasing volume. For this reason, this is not the time to buy BAT, rather, secure profits here in case we turn back. There is no need to pull the...
Raven is posing for a new attempt to set a new ATH. Volume is up, MACD crossed on the positive side, RSI is going up... yep, we're looking bullish. If we manage to crush the $0.30 resistance level, we will have confirmation and we're going to go back into price discovery. For this reason I am quite bullish on Raven which has performed very well and this...
ATOM is aiming to re-test our current ATH at $25. The indicators and price action are looking good for that on daily timeframe and the pattern we have formed here is an ascending triangle. All these elements leads us to be bullish bias on this current formation. However, another rejection at ATH level may lead to a longer consolidation / correction in ATOM. This...
Today, Coinbase Pro announced that ADA will be tradable on their exchange on 18th March and immediately ADA did a 20% pump... not bad. However, DO NOT CHASE price action and don't FOMO here. For all intended purposes, as we stand now this chart shows a lower high after we were rejected at our current ATH. Volume on this pump looks great and indicators are...
VTC has formed a symmetrical triangle which is usually a continuation pattern. In this case, the bias is for us to break up. This is also confirmed by the 4h timeframe where MACD is about to cross on the positive side and RSI + StochRSI want to go higher. This is good. However to get confirmation of this bias, we need to break the resistance just under $0.70 and...
LTC is quickly approaching a key support which should provide a great buy opportunity. Based on this chart any buy under $200 is a juicy entry so long this market stays bullish. Make sure to have limit buy orders in play if you are bullish in LTC. You don't want to miss this entry before the next pump. Good targets are anything under $240 and $300. The...
ENJ finds itself at a key resistance point. I'd be surprise for us to pump higher here still. Maybe we push to $4 then crash? Hard to say because the charts gives us mixed messages, on one side we have the indicators that look very bullish particularly MACD while RSI is also bullish, but overextended, I mean look at it it's 96 on weekly and curving down......
XRP is quickly approaching the end of this formation and has to make up its mind already. PUMP or DUMP it. I see some nice bullish divergence on RSI and MACD is ready to curve higher and explore higher levels. Bias is tentatively bullish, however any break here will face another resistance at $0.48 cents. We need to break that to be bullish towards $0.65. Easy...
1INCH is at the end of this large descending triangle. A breakout is due soon, therefore watch the price action as it will give us a clear sign where we're headed next. The resistance so far pushed us lower every time, but we found good support on $3.5. With a bit of momentum I'd expect us to break out. This is because RSI has been making higher lows every time...
CRV is compressing here in this ascending triangle and there is not much space left for CRV to move... soon we need to breakout... my bet is up. :D On daily the indicators are looking healthy with a MACD which is timidly hovering on the positive side awaiting that juicy pump to happen and RSI is pushing higher. On 4h we also crossed on the positive side on MACD...
LIT has performed very well these past few days after a deep correction under $8. This makes LIT ready to explore higher levels and we already tested the resistance at $12. After some consolidation I expect us to re-test $14 again. With a bit of positive overall market momentum LIT can push higher. On daily timeframe, the indicators are looking good to explore...
ETH missed the $2k retest and we seem to be in a key moment now. If ETH fails to reach $2k and pass it, then I fear ETH may be in trouble in the near term because the chart looks a bit bearish as we stand now. We really need to reclaim that 2k level and pass it. Otherwise, what I see is a lower high at $1,900 which correlated with a bearish divergence on daily...