XLM has recovered very well from the drop yesterday, now hovering at the top of this descending triangle. The recovery from $0.22 cents was very aggressive indicating a lot of bulls are ready to defend the price as it goes lower. For this reason my bias is bullish on this formation and I expect us to break-out of this triangle. Dropping under $0.22 cents would...
NANO corrected to $2 as indicated in our last idea and now we did a nice pump back to the 261.8% Fib level. However, we need to let price move a little bit more to see what is happening here because the chart is till unclear. We can either form a descending triangle, range or escape upwards to pump some more. There may be another leg up for NANO, but that is...
DOT has pumped hard to $10 and now it is in correction mode. We briefly touched the $7 level at Fib. 61.8% which may be retested again in the future unless we break the resistance line. We have very good support areas between $7 - $6 levels as indicated by the Fib levels which also represent opportunities to buy for a longer term play. If for any reason we lose...
ETH made a beautiful touch of the Fib 38.2% level yesterday with a nice wick that was quickly bought by bulls and now we established a lower high at 1.1k. We are descending now along the resistance line and we are likely to establish a clear support level around $1k. Mind you, watch BTC to set the direction and see my previous ideas on that liked below. I would...
As expected in our yesterday analysis (link below) BTC did a very nice bounce of 21% from the 30k level. Now it is a good time to show patience because BTC can do two things: 1. Establish a higher low as support (say at 32k) then push out of the resistance towards new highs OR retest the support at 30k and push higher if it holds. 2. Push lower, break the 30k...
XLM corrected with the whole market and is now testing the $0.22 support level, this is likely to hold, if not, the next level is at $0.18. This range is a good place to re-load as it is unlikely we will get a lower price - provided BTC ends the correction. If BTC goes towards 20k then the whole market will be dragged down and XLM may re-test long term support...
Nano is correcting after a heavy lift to 5$. Most likely support is around $2. Therefore bias is bearish until we touch that support level. We may also dip slightly lower up to $1.5 but that may be short lived. I do not expect us to fall below $1.5. Therefore aim to re-load between $1.5 - $2 and enter a long once we break the diagonal resistance. Like and follow!
IOTA touched the top of the ascending triangle and is likely to retrace at the $0.30 cents support before we can push higher. The chart structure looks bullish overall, therefore expect a push out of the ascending triangle to test the major resistance at $0.55. This is the most likely scenario unless BTC pushed lower towards 20k. Like and follow!
NEO hit the resistance at $25 and is now correcting lower. Targets are on the chart and the current bias is bearish until we touch the support line at $20 or $17. Indicators are also curving for a correction, therefore, do not long this chart. Wait for support to be established. On the weekly Neo is looking good with a first target at $50. I also see a large...
Zen has touched the top of the larger wedge and now is in a correction. Therefore the bias is short. We also have a bearish divergence on RSI. Wait for price to touch at least the local support level marked by Fib 50% or more likely the support at 61.8% after such a parabolic increase - i.e. 100% increase. $14 is a great buy area, but wait to confirm that level...
ETH has an identical pattern like BTC (see below link). We are likely to bounce from here to 1k and exit the downtrend channel then re-test the support at $900 which was already touched by the wick (Fib 38.2%). If it holds we're gold and up we go to ATH. This is an identical situation to how BTC price reacted when it approached ATH of 20k, just that the drop was...
Doge is in a 17% price range. We've touch the local support every day almost and indicators seems to want to cool-down a bit, so we may range or dip lower soon. If not, we can continue the up-trend once we break the local resistance. Ideally you would want to buy at Fib 78.6% level. That is a safe area to buy. There is also a lot of air under the Fib 38% support...
BTC has done what was expected, correct around 30%. What would be un-expected is for BTC to fall under 30k. A wick would be fine, but any sustain fall would be atypical and put a hold on the bull run for a while. Therefore pay high attention at the Fib 161.8 / 30k level. We need to find support here to maintain the overall bull trend. If that falls then we're...
Link is forming a large pennant inside an ascending channel. Therefore long term, Link is bullish, but for now, it seems we've hit the top of the pennant and will correct lower. Aim to play the range and once we reach the apex, wait for a breakout. Right now bias is short, aim to reload at $13 as indicated by the dotted line if the opportunity comes. Like and follow!
VTC looking great! We are curving nicely on all indicators and we broke up the falling wedge (bullish signal). This means, unless we get some black swan event... we are going higher. Two immediate targets emerge, one at 283 satoshi (+50%) and the other at 637 (+100%). This is a good Risk/Reward entry. VTC is also due to fork to a new mining algorithm at the end...
If BTC is to fall under 36k, we're going lower boys. Miners selling their stash, beware, sell pressure mounting. Time for institutional investor to bring forward their hundred mil buy orders or we're tanking. 30k next real support. Be careful! Like and follow!
ADA is ranging between the $0.28 and $0.34 price levels. You can play this nice 15% range or wait for a breakout/breakdown. Indicators are looking rather bearish at the moment for ADA, so there is a likelihood of a deeper correction. Therefore, best to wait for this range to break to get sense of the next direction of price. RSI and MACD are looking bearish as...
Price action is quite clear, we had a clear 5 waves down and now we are recovering. Unfortunately many people got scared and sold at .20 cents due to the SEC lawsuit, but this may turn out to be a temporary set-back with XRP posed to pump hard later on. Buying at .20 cents was a steal, too bad many were shaken. While US customers will not be able to trade XRP,...