ETH broke upwards from the pennant and is now moving on the support line towards ATH, in line with the last idea, see link below. As long as support holds, there is no reason to think we won't test ATH. We are very close now and when BTC approached 20k ATH levels we had a very volatile price action. Will ETH do the same? We can expect some nice volatility. But...
ETH price is compressing inside the apex (blue) which will lead to a significant move soon. Overall the bias is bullish and there is a real chance ETH will shoot for the ATH to test that level. Therefore, wait for the breakout to long as indicated in the chart. A nice 15% play can be had. If not, the next buy areas are Fib 23.6% and 38.2% levels as indicated on...
After a great run, BCH is cooling down a bit. We are in a descending triangle just below the weekly resistance. The triangle is likely to break-up as long as the momentum in the market is maintained with BCH having as next target $1,000. For that play, see my long term idea below. If you plan to reload, wait for price to come lower to the most probably support...
It's not often DASH pumps 50%, but when it does it does not look back! :) As you can see in the chart, we passed local resistance at round $100 which is now support and we are aiming to test the $200 level soon. It's likely we will face some resistance here, so expect a reaction and possible pull back to $150 or lower. Aim to reload on pull-back as DASH is...
VTC managed to get out of it's bottom formation, pushing above the neckline as shown in the chart. Questions is now, can VTC push above the previous support turned resistance? We really need to get back above 0.30 cents if we are to have a sustained gain in price. With the launch of the new Verthash mining algorithm for VTC in late January 2021, we may get...
TETHA had a crazy parabolic run doing a 3x! Now after we broke the parabola in yellow we are taking a breather and forming a descending triangle which suggest a bearish bias. Moreover, MACD is due to cross over in the negative, another bearish signal. If these are confirmed, then we're very likely to break down the triangle. Do NOT FOMO into this coin, at...
XTZ has been sleeping for three months (Oct-Dec 2020) in a range around $2, however now it seems we have a good chance to push higher towards $4-5. Targets are on the chart. Question is will XTZ be able to push above $6 with a new ATH? MACD on weekly also did a bullish cross, hence, we're due for some nice gains for this coin. We also established a nice support...
BCH price action looking great and we just passed a key resistance at $500! This means we're on our way to $1,000 with a first target at $1.1k and second at $1.7k. Good long opportunity once we retest the $500 resistance as support to push higher. Like and follow!
EOS is similar to ETC with a major breakout of long term resistance! A clear long opportunity towards $5, $7-8 and beyond. We also retested the resistance which now turned support. We're cleared for higher levels. Like and follow!
ETC has broken ABOVE a major resistance since 2018!!! Next targets at $10, $13 and $20. This is an excellent long term long. A retest of this resistance turned support was also validated on the daily chart! Great risk/reward play here, and now is the time to enter if you consider this. Revisit this chart in 1 - 2 months. ;) Like and follow!
RVN made a nice 40% rally in the larger pennant and now we are at a major resistance point, $0.018. I would be surprised if we pass this level without some chop price action . Therefore wait for a breakout to long or if we lose momentum, a short is also a nice risk/reward here to the base of the pennant. The next significant resistance is $0.02 in case we break...
BTC Dominance continues to fall vs alts with a lower high as shown in the chart. BTC is likely to re-test the main support line of the blue pennant if the alt rally continues. We need BTC to pass the 72% level if we are to aim for 80% or more. The 4h charts shows an inflection point at 69%, if we find support there, BTC will re-test the 72% level, if not, down...
BTC is at support and moving very close to it, so far it has held. Daily shows we are a bit overextended and we may soon re-test the level at 36k also indicated by the parabola in yellow. As long as we don't break the parabola, BTC bullish bias holds and we are clear to go higher. The 4h chart shows we are in a pennant which once resolved we will know if we...
BTC has been accelerating in price discovery. With each new day, the parabola and price gain becomes more aggressive. This is mostly due to a supply shock whereby there simply is not enough BTC to stop this ascent, order books are empty, the only relief is a higher price. As seen from the chart, we pushed against the 36k resistance and it's now support. This...
NANO surprised us with a 5x in a matter of 5 days, going from $1 to $5. The Fib extension shows us we are at the 361.8 resistance which coincides with the weekly resistance line (if you check an exchange with a longer history). If for some reason we do not stop here (which we may very well not, considering BTC is pumping without a sweat), the next weekly...
SUSHI is currently ranging between support ($3) and resistance ($4) and appears to complete wave 5 soon. Therefore, we may range for some time before SUSHI makes new headwind higher. Market remains very bullish and SUSHI is a great play. Bias remains bullish for now, but be careful and use stop losses in case the market turns, SUSHI will be quick to dip. Like...
ETH looking good. It had two opportunities to drop after a parabolic pump and we did not fall. Now we are forming an ascending triangle which suggest a test of ATH levels at 1.4k is due. We need volume to pick up however as we push against resistance. If we break the top resistance, then ATH re-test is in play, similar to BTC. After ATH is broken, we go moon....
XLM formed a descending triangle and hit the resistance at Fib 38.2 level, as long as we stay below that, we will likely make a new low around .11 cents just above support. Buy zone highlighted in the chart, that is a great entry for a long if the price action will give it to us. Overall XLM is bullish long term, but we may have a fifth leg down before...