Hello all. Looking at doge on the daily timeframe we see that it is currently trading inside this horizontal parallel pattern. Two previous times Doge has pushed from the bottom of this channel all the way up to around .35 which was 100% and 7%% gains. We are looking for another push very soon which will be not less than 100% going simply based on previous...
Hello all. There is no significant change in mana chart since my last update so i will keep this short. You can read more in my previous post attached below. Looking at MANA on daily chart, the stochastic rsi is in the over sold territory which is a bullish sign. Mana trades inside the ascending channel and can retest the top of the channel (resistance line) at...
Hello all. Looking at Etherium on the daily chart, I can see numerous bullish signs calling for a pump. It is no secret that ETH even looks stronger than BTC ATM. Based on the candle wicks we can tell that Etherium found strong support around $3800 and 4k levels which is also the important 38.2 % Fibonacci retracement level. The stochastic rsi is around 30,...
Hello all. Looking at Bitcoin 4HR chart, we can see that we are inside a symmetrical triangle which has an equal chance of breaking up or down. If we extrapolate a measured move for this triangle we gan get approximately a 7.5% target. The breakout is imminent and can put bitcoin at 53K or back at 45K If Bitcoin manages to break up, I will look for a close...
Hello all and happy Friday. If you missed my last mana update and the trade setup, make sure you check the post below. Looking at MANA on the daily chart we see that we are above the 200 EMA and also found support on the 50 EMA. (Both are bullish indicators). The dump last night only played in our favor as it triggered all buy limits which we set according to...
Hello all. Litecoin is falling as I make this post. As we predicted Litecoin came for a retest at the ascending line of support and is currently holding. It is above 200 day MA which is an indication of a bullish trend. Another bullish sign is the daily RSI which is getting closer being in the over sold territory. Previous entry positions were $170-$180 (fib...
Hello all. Bitcoin is falling as I make this post. Bitcoing just broke crucial support at 53K and broke below the falling wedge pattern. The next support we can draw on the daily chart sits at 47k if the current 50k level doesn't hold which is a support found on fib golden pocket. The rsi is still over bough and the price is still falling. Don't buy until...
Hello all. Looking at chainlink on the weekly time frame, we can see that chainlink is currently trading below 20 weekly MA which is a bearish sign. On the daily timeframe, chainlink is under 200 daily MA which is another bearish sign. On the chart we can also see that we have formed a Double Bottom pattern which has a 35% measured move and can put chainlink at...
Hello all. Interesting pattern formation for mana both on daily and on the 4hr charts. We have a descending channel which can play as a bull flag and put us around $7. On the other hand, we have formed a descending triangle which is a bearish pattern. The measured move for this patter is approximately 35% which will put us at around $3 range. This level...
Hello all. Etherium went up 20% today, breaking the yellow resistance line and forming a broadening wedge pattern. The current eth price sits at $3650 which is the top of the resistance of the broadening wedge pattern (indicated by the purple lines). This patten is a bearish chart pattern which makes me believe that ETH is due to a 20 % drop, the bottom of the...
Hello all. Here is a quick and on point Litecoin analysis/update. Litecoin set a new higher high inside the ascending line of support which is a bullish sign. This line of support which also matches with the Fibonacci gold level sits at $170-$180. In my opinion, $170 is a great buying opportunity and I think we will still have a retracement and retest the...
Hello all. Here is a quick and simple MANA analysis. Like the entire market, mana took a dive today towards the Fibonacci golden retracement pocket around $4.3. This level is also the support level if we look at the daily chart. Looking at MANA price action on the 4 hours, we can see that MANA broke down bearish after the head and shoulders pattern played out. We...
Hello all. Bitcoin holds ground in this descending wedge pattern, a bullish pattern, at around 54k price range. As long as we stay in this pattern i will consider that BTC has the bullish potential to make new highs. We can see little bit more downwards price action towards the fib golden pocket at 50k which will be a great buying zone. Watch out for your SL....
Hello all. Bitcoin saw an 8k drop today and it is still in play. I am looking for a buy opportunity around 50-51k and here is why. The Fibonacci retracement golden pocket sits at 50k, and the ascending support line aslo sits around 51k. The stochastic RSI both on daily and 4hr looks over sold and i believe it will stay oversold territory until the price of BTC...
Hello all. I believe we saw enough down trend for cardano and we can anticipate for a big bounce coming up for ada. ADA currently sits at the ascending support line and had a nice bounce at a psychological price level off $1.5 On the daily we can see that the stochastic rsi is in a over sold territory which is a bullish indicator. The fibonacci retracement...
Hello all. Here is a simple FTX Token analysis. (Can't buy on coinbase yet!) Looking at the price on daily chart, we see that FTX is trading in the fib golden pocket at $44-$46. This is indicated on the left side Fibonacci retracement. We can also see that FTX found support on the ascending line of support which is the bottom yellow line. The 170% trade is...
Hello all. As I predicted earlier, Etherium is now heading towards the $3650-$3700 levels where I see the best entry positions for Etherium. This levels sit exactly on the ascending support line and I have been calling this levels in my previous charts. Check them out in the link below. Today's drop below $4100 level was a confirmation that we will see etherium...
Hello all. Mana set a new all time high yesterday, and today we have turned previous resistance into support. Although fib golden level sits at $4.75 and would be a better entry than the current price at 5.19, it is not guaranteed we will revisit this level during such hype. The stochastic rsi on 45 min timeframe is calling for a pump up as it is in the over...