Look at this chart... what do you see? 20x in 1 month... RSI at 98... holy #@$%. This is a testament to the DEFI growth on Binance Smart Chain and BNB also shows a similar growth in January/Feb... BNB is now 3rd largest coin if you exclude USDT. From a technical perspective, MACD is as bullish as it gets... RSI is curving slightly as does volume. So I expect...
Raven painted a new ATH in a rally that defies gravity, I mean look at it... 8 three day candles in GREEN! At this rate we will get 30 days of green... 😲 Can Raven go higher? Yes. Look at the RVN/BTC pair... we have a long way to go... The indicators looks extremely bullish and volume has been sustained through the rally. I am a bit concerned that RSI is over...
BCH has been consolidating in this range for some time now and I expect us to get a reaction in price once we reach the triangle apex in blue. The indicators on 4h give some signs BCH wants to pump higher, but this is still timid and we need to see how this descending triangle resolves to have confirmation. On daily the indicators do not look as good since we...
DASH pushed above $280 and now we're clear to go to $400 which is our next resistance. The $280 level was a key resistance in this structure which now we have passed with confidence + good volume. This opens the path for some nice gains in the future. Target points are on the chart: $400 $600 $1250 I expect DASH to do very well in this cycle, even if...
How things change in crypto. Yesterday BTC was breaking ATH, today ETH is breaking ATH. Nice. So what happened? ETH has finally moved away from $1,800 and into $1,900... now $2k is almost certain and within reach with only 4% to go left. How will ETH react at 2k? I'd expect some nice pump above and then a correction. ETH over 2k will bring a lot of FOMO as it...
If my last idea was "Doge is about to crash" this one is "Doge is crashing". The bearish bias was confirmed so far and now we are approaching a KEY level... if we don't hold $0.045 then I am sorry for all DOGE holders hoping for moon, because we will fall back on Earth and into a sinkhole. Watch this level closely as it will decide Doge fate in the next couple...
As expected, after quite a nice pump to almost $15, LIT corrected quite deeply and we fell off our large ascending channel. This is no surprise, because LIT is still a young coin and price has to find its support and resistance levels, so volatility remains high. Where are we now? After falling off the ascending channel we had one small attempt to pull back in,...
BNB has exploded this year... literally. From $40 going to $200! Why? Because it has started to eat into the ETH market share, including DEFI! The largest decentralized exchange on Binance Smart Chain (BSC) called PancakeSwap is now the third largest, over SushiSwap that uses ETH network. coinmarketcap.com At over $500 million in volume a day PancakeSwap is...
ETH has been struggling. People are unhappy. Why is ETH not pumping?! Simple: 1. BTC crushed the $50k resistance, reminding everyone who is king (Michael Saylor buying another billion worth of BTC also helped, see below my BTC idea). 2. BNB is close to $200 - wait WHAT?! Yep... this is what happens when you have $14 transaction cost on ETH network and on Binance...
As predicted, BTC has crushed $50k resistance like it was nothing after testing the level a few times (my last idea linked below). Now we are in price discovery and pumping... Why did we crush this key level? Michael Saylor announced his company will buy another round of BTC worth $900 mil . This guy is not just bullish on BTC, he is FOMOing HARD on BTC......
DOT is looking very bullish to me, however it is facing this nasty wedge as a resistance. If we clear above it, then the bullish bias is confirmed and we're clear to test $34 at Fib 161%. If that can't hold us, fire the rocket because we go to $50! Indicators are looking great, with an expanding MACD on 4h and daily, RSI going up, volume increasing... good...
LIT is doing some nice gains every day, a bit shy, but the trend is very clear and we appear to slowly form a massive ascending triangle! What I love however are the indicators... MACD on 4h just did a beautiful cross on the positive side these past 24h, RSI is going up... the only thing missing is some nice volume to propel us upwards. But that will come as...
LIT has done very well since my last idea. As you can see we are comfortably sitting over $14! Not bad right? :D We appear to be in a very nice ascending channel on the way up on leg 3 which is always the longest and largest... using a nice Fib extension we see that if this holds true, we can easily go to $30 before any sustained correction back to $18. On...
ETH is starting to paint quite a bearish chart, at least for the next few days. We are brushing against the support line of this large wedge and if the support at this Fib level fails (around $1,750) then we have quite a way to drop, up until the old ATH of $1,400. My bias is bearish for several reasons: 1. Decreasing volume... we lost some momentum 2. MACD on...
Bitcoin is in a very interesting pattern here. An ascending trend where we got pushed down several times and each time we made a... higher high and a higher low. This is bullish. If the pattern is to persist, we will do another higher low and then break out above $50k. The bullish case is also supported by the 4h indicators. MACD is about to cross on the...
BTC dominance has been re-testing the support at 61% a few times now and the indicators on daily are starting to curve up. Volume is looking healthy as well so there seems to be increased interest in BTC as it's about to crack $50k resistance. If that happens, I expect dominance to shoot up as BTC price pumps higher. On the bearish side, re-testing this...
DOGE did the unexpected - it went down. Where are Elon's tweets now? We need him to pump DOGE soon or else... We have a very bearish chart unfortunately: 1. Price broke an important support line; 2. Volume is down by a lot; 3. MACD about to cross on the negative side; 4. RSI is falling... Should you buy now? NO. Sell and forget if you are still in profit....
ETH is approaching the margins of our wedge which has to hold the price, otherwise, we may have a deeper correction on our plate. Why I say this, look at daily indicators: MACD - we have a bearish divergence, plus we're about to flip on the negative side... RSI - bearish divergence... Volume - declining... Not looking that good, we need a bit of momentum soon...