Look at BTC... just under resistance in this bull flag. Can we break through? I feel we may need to correct some more before we gather enough energy to push against this resistance and pass it. But time will tell, by tomorrow or Sunday we will know. I'd find it extremely bullish to see us move above $51k again. Be patient, let the price show the way. Do no...
BAT is quickly moving for a retest of its old ATH at $1. Nice. Where are we now? We seem to have reached resistance at $0.87 cents. I'd be surprised to push higher from here as this resistance should push us lower before BAT has another shot at ATH / $1. Possible path on the chart. This cooldown could provide a good re-load opportunity to ride the wave...
KNC is looking quite bullish. We found good support on $1.5 level and now we are clear for higher levels. Price also moved above the resistance at $1.8. MACD is looking bullish, RSI is going up and volume is increasing. All bullish signs. Immediate targets are $2 and $2.5. KNC can offer a nice swing long opportunity here. Market is also quite bullish with...
BTC did the unexpected... we pumped! Around 22% from our most recent low at $43k. Not bad for less than three days! What does this tell us? The market is still VERY bullish. Moreover, this pump/recovery is also more aggressive than our last time in January with the MACD and RSI indicators turning bullish much faster! For example, in this formation RSI did not...
ETH painted a very nice candle today after finding support off its old ATH... If we close with a bullish engulfing candle today the path towards $1,800 should be clear and after that $2k is in danger. If this bullish momentum is maintained (watch BTC as well which had a great day today) then in March I see ETH going beyond $2k and pushing up to form a new ATH....
What is BTC Dominance doing? Sitting in a very tight range... doing mostly nothing. I think this is bullish for alts... since whenever BTC is just chilling, selected alts can pump hard. No surprise some alts did a new ATH today, like SUSHI... So long we don't move out of this box / range I think we can expect selected altcoins to pump. This wont be an alt...
1INCH is quickly approaching the blue apex of this formation. I expect price to soon give us a reaction. We have a good support just under current price at $3.5 which would also present a good buy opportunity. On the other hand, if we breakout of this apex and go higher, we should find some resistance at $5. Then ATH is next. Best to wait for confirmation...
SUSHI has set a new ATH today at $20.7. Impressive. There is a lot of strength behind SUSHI and this will not vanish any time soon. RSI on daily has been hovering above 50 for months - this is very bullish. There is no reason to be bearish on SUSHI at this time and until we break this ascending channel and drop on daily RSI under 50, I see no reason to be...
ATOM is correcting after setting an ATH at $26 and if price drops back to support at $16 this may be a good moment to enter before a breakout to re-test and probably move beyond our current ATH. My bias is bullish on ATOM and any dip into support would present an opportunity to buy. The indicators are a bit flat on 4h, hence we need to wait for price to lead...
Litecoin is lagging behind its big brother BTC and has still to reach its old ATH at $366. I am very confident LTC will eventually reach and exceed its current ATH. It's just a matter of time. If you check the BTC pair you will see LTC is about to break out of a massive descending wedge which will easily double the LTC price once that happens. On the USD pair...
CRV did a very nice break of resistance yesterday and today we pumped nicely over 20%! Not bad right? Now we are brushing against the resistance at $2.5, but unless BTC spoils the fun we should be good to go higher and re-test our previous high at $3.7. CRV still has a long way to re-test its old ATH, therefore, long term I expect CRV to push much higher towards...
XRP is sitting again on our lovely $0.40 support line. If this holds then we will be good to pump again and re-test the resistance at $0.65 which managed to push us lower the last 6 times... Once this resistance at $0.65 is crushed, XRP will be clear to finally test $1. I remain mildly bullish on XRP now, good opportunities for longs here as long as the...
GRT has found a nice support on this massive wedge up. We appear to be on the last leg in a Elliot wave up. This last push should comfortable take us anywhere around $5. For that to happen we need to pass a few key conditions: 1. Move above the resistance at $2 2. Move beyond our current ATH at $2.9 Once we move above our current ATH, the sky is the limit...
YFI has re-tested the support of this nice ascending channel as indicated by the yellow arrows. So long this holds, I see us moving to 40k quite soon and then possibly set a new ATH when we touch the top of this channel. YFI is a great buy here and this is also confirmed by the YFI/BTC pair. Indicators are curving nicely and unless the market takes a new...
LIT has formed a large head and shoulder patter which is approaching its end. Will we break the neckline/support and fall or can we push higher? I am mildly bullish, despite this formation because the overall market remain bullish. However another sharp fall in BTC or ETH price will likely take LIT below our current support, break the neckline and fall....
The old ATH has acted as support and it HELD very well... ETH re-tested it's old ATH breakout and now we should be clear to go beyond $2k. This is a beautiful re-test of the previous high. Unlikely we will need to go lower now, path higher is clear. We also maintained our parabolic momentum represented by the yellow curve. This is all very positive. Volume on...
Bitcoin finally broke the diagonal resistance and is now moving higher. The bullish divergence on RSI was the give-away. Bulls could not wait for BTC to fall to $41-42k before buying in heavily. Our next immediate target is $52k which is also a significant resistance where we got rejected last time. I'd be surprised for us to pass this level without any...
ADA set a new ATH! Congratulations to all that held so far! What now? If we enter price discovery ADA may well go to $2 before any significant correction, however this push up, while on good volume still presents us with a bearish divergence on MACD and RSI. While this is not immediately concerning, it will eventually lead to a price correction if we fail to...