ETH is right in the apex of the triangle. There is not much room left to move - therefore I expect a big reaction in price any moment now. Wait for a clear sign of our direction before entering. This is not the moment to gamble, but wait for price to lead the way, then we will have our confirmation and opportunity to enter. If we break up, we're going for ATH...
Raven is looking interesting to me right now. After a prolonged life in this descending triangle, we may get a breakout soon. As you can see, price is testing the resistance level and it may pump any minute. If that does not happen, then Raven may come back down to re-test support before another try which will likely succeed. The immediate target is $0.02 /...
KNC is looking excellent here, after breaking the $1 level and holding it well, we are now well on our way to test new highs. MACD on weekly shows very good momentum building up for new highs, I expect KNC to continue up for the next few months. In terms of targets there are several and these depend on your tolerance and trading plan. Below a summary: TP 1:...
CRV has started a fantastic run in the past 5 days at over 160% gains! We broke outside of a major resistance at $0.9 cents and now we're testing the resistance at $1.6 (as predicted, see my last idea linked below). I do not expect the resistance to hold this momentum for long and we should be due for a new push towards previous highs. If DEFI like UNI/SUSHI...
ADA is at a major resistance point just under $0.40 cents. We may get a push back, if not, we will rocket up towards $1 / ATH! Momentum favors a bullish bias and any push above this line will likely make us go up very fast. The parabola in yellow gives us a good indication of the momentum at play. If we breakdown this parabola, then we may need to range longer...
XLM is forming a very bullish ascending triangle as highlighted in blue. Should it be confirmed, XLM is due to pump fast to 0.40 cents. However, momentum on the 4h chart is flat - no direction as indicated by the price literally hugging the .30 cents level with a dozen or so candles touching this level. So if we don't break-up we will likely go lower to our...
XRP is is a very difficult spot, more so on the XRP/BTC chart (that one you don't want to look at, historic lows...). However on USD pair, we're in an interesting spot. We've formed quite a clear descending triangle and so far any resistance we have faced pushed us lower. The problem is that we're getting close to an apex (in the next 2-3 days) when price will...
ETH is ranging for the past few days between local support and resistance, failing so far to break out towards ATH. There is some indecision in direction currently. Therefore best to wait right now. We may re-test the support level at $1.1k once again before we can attempt to breach resistance. There is also strong support at Fib 38.2% or $950 should we fall to...
BTC is at critical support after failing to push higher within the pennant. This level at around 34.5k has to hold. If not, we are at the edge of a significant drop to 30k if we don't manage to hold current levels. By Monday we will know where BTC is headed. The bearish view is that BTC is not looking great on daily, weekly or anywhere in between. We are...
API3 is likely to give us another chance to re-load / buy at around $1.8. After that I expect us to break out of this descending triangle with a nice target at $2.5 minimum. API3 has been compared to Link and has had quite a successful launch considering it's price dynamics. The initial price offering started at 0.3 cents and API3 managed to maintain a price...
Fil made a great breakout yesterday, if you entered as indicated in my previous idea at around $22-23, then you should be pretty happy by now. :) I see 3 main resistance points / targets: @ $27 - indicated by the falling resistance in a large descending triangle @ $31 - Fib 23.6% @ $39 - Fib 38.2% Broadly speaking I don't see why we can't reach $40 once we...
GRT has been pushing higher these past few days after breaking the descending wedge. We are now at the local resistance around $0.50. The momentum is very strong as indicated by the yellow parabola, as long as we maintain it, I do not wee why GRT won't test ATH level and push over $1. Indicators on daily are not even over bought, therefore, there is a lot of...
Please see my other idea for Part 1 (ranks 1 to 5), linked below. 6. UNI (runner up: SUSHI ). DEFI market has seen unparalleled growth and decentralized exchanges like Uniswap have pioneered a new way of trading in the ETH ecosystem, whereby automated market makers and liquidity providers get a share of the trading fees plus incentives! Uniswap decentralized...
Note : While I focus on alts in this piece, Bitcoin should already be part of your portfolio. You should have at least 50% of your portfolio in BTC. Don't underestimate it, Bitcoin is the safest and most secure investment in the crypto market. Ignoring that is shortsighted. Make sure you allocate a fair share of BTC in your portfolio. The promise of moon from alts...
FIL is looking interesting. After a nice 95% correction, and a clear bottom formed, FIL has painted a clear bullish divergence on the RSI. Therefore, we may break-out soon from the apex (in blue). First big target around $40. You can also aim for $26 or $33 if you are more conservative. Let me know what you think? Like and follow if you liked this idea!
GRT broke out of the descending wedge only to hit the resistance at Fib. 23.6%. Today we had a quick rise after breaking the wedge and a sharp rejection at Fib 23% as indicated by the chart. This is not ideal since the rejection candle was longer indicating we may range a bit around the support area before we can have another attempt at resistance. If we fall...
CRV has done a huge push in the past 48h at around 50% gains. Moreover, we broke an important resistance line at around $0.90 cents. What this means is that we're clear to go much higher and we also re-tested the $0.9 resistance which turned support on the 4h. This is very bullish. I expect CRV to do an excellent run in the next few weeks and by February we...
ETH has retested the resistance at $1250 and was rejected again. Therefore we're back close to 1k where we are likely to find support to propel us higher. Bias remains bullish, however we need to keep an eye on BTC as it exits the pennant to get a sense of the overall market direction which ETH will mirror (see below my idea on BTC). Short term we are likely...