BTC is currently in a Descending Triangle both on the Daily & 3D charts:
=> 30k has been the critical psychological mark for the bulls to uphold, since we first breached all the way to the downside in May.
Therefore, should we loose this as a support, there is a high chance that we will be going down towards 20k:
DeFi Chain from Julian Hosp is currently testing the highs of the Equilibrium between 3 & 4 Dollar psychological. It's a very significant EQ range since it's been tested 3 times both to the up & downside on the Daily, this is the 4th test currently to the upside.
=> A break can result in significant follow-through up to 5 & 6,5 Dollars given the previous bull...
Bitcoin did exactly what I was fearing in the last Cardano analysis: It broke above with very weak power. This leads to a very *Wedgy* pattern now, the RSI divergence perfectly underscores this: We're making Lower Highs (LH) on the RSI, while the price is making Higher Highs (HH).
We can also perfectly see this on the ...
As I already analyzed in the video on Monday (see attached), Adobe just broke the prolonged Weekly Bull Flag since basically August 2020. We broke & closed above the resistance yesterday on the Daily. If the bulls don't fake out & see follow through this week, Adobe can now easily go towards $600 in the coming weeks & months.
Some fundamentals : Adobe has seen...
👉 💎 Coinbase is going to IPO today. Apart from being my trusted Nr. 1 address for crypto transfers back & forth from my bank account -neatly integrating with online banks like N26, it has gathered the backing of behemoths in the VC world throughout the years:
Not only does it have Andreessen Horowitz & Union Square Ventures as early investors -who are also...
Hey guys, in this video we're gonna break down the bigger timeframe where I'm going to skim through a lot of tech stocks on my S&P500 ticker list.
among others. You can let me know what you're watching or post your questions underneath.
When we look at Cardano currently in the usual timeframes like the Daily or Weekly, we cannot see much of a clear price action, especially on the Daily.
But once we change that up to the 3D Chart, we can see that the erratic price action disappears, and actually we start to see the clear opens & closes marking the clear tops at...
Should we break the $1700 support, we're currently looking at huge downside potential towards the previous lows of $1,400-50, which should give around 20% unleveraged. The reason is: We have been testing the bottom support for quite some while now, which you can see perfectly on the 12H chart:
This will obv. depend on the...
Polkadot is currently tightening between the ranges of $40 & 30$ psychological, we have 3 significant highs at the top of the Equilibrium range, and 2 at the bottom, while the second one is coming in around $31-32, and another 3rd touch currently in the making.
=> A break in either direction could see huge follow-through. So if you're actively trading, you can...
Tesla has currently the potential for an inverse Head & Shoulders pattern, esp. if we keep grinding at the neckline of $720 for the coming days.
=> Once the bulls take this out, Tesla could move quickly towards $800 psychological.
OTOH, should they break down $650, the i. H&S would be invalidated.
Cardano breaks a Descending Triangle -which perfectly touched the bottom 3 times on the 4H- to the downside.
In the case for a short you should already be in a trade since the break of the higher lows at 1.18. If the bulls don't bounce from the 1.10 support, we can go towards 1 psychological and even 90 cents again, which would yield 10% and 20% on the short side...
DOT/USD is currently about to break the Bull Flag on the Daily: Once we get the push above $20 psychological, we can move towards 30.
=> This would lead to the trend to continue since the Bull Flag break at $6.
Correlation to BTC and ETH requires those stay at least neutral/sideways for Polkadot to move higher.
Daimler just broke an almost perfect Bull Flag to the upside, and has potential to run towards the previous S&R range at >70.
A Fake-out would lead to further consolidation inside the Bull Flag.
Here is the more zoomed out picture on the Monthly:
Ethereum is currently at the resistance of both
-the horizontal 1400-1450
- the upward channel, which is still coming in at around 1500 psychological.
=> Once it breaks above, it can see huge follow-through.
=> Should we reject at the resistance, we can still perfectly consolidate inside the channel (as portrayed by...
Zoom is already knocking on the door of $400 psychological.
Even though we have been going down pretty steep & wedgy and gave back 40% from the tops, Zoom managed to maintain the 50% Fibo Levels from the bull move up:
A break above $400 higher would lead to a more sideways consolidation from the ATH, instead of steep...
We're currently still inside a steep bullish channel, after the meteoric rise up.
We had a small Bull Pennant ongoing still last week (the white lower trendline) which broke to the downside.
Since the bear break of that Bull Pennant, the bulls have turned it into a channel. => A bullish break of that channel doesn't...
Apple perfectly broke the previous Weekly Bull Pennant to the upside, now basically leading to a U-turn of continuation pattern. It's not perfect, but the psychology of a Cup & Handle is there, esp. with the handle.