FieryTrading

FieryTrading

Around a week ago I made an analysis on DOGE. Here I argued that DOGE was in the early stages of forming a bullish triangle. As seen in my previous analysis, DOGE did indeed go down to re-test the triangle's support line and saw a bullish reversal from there. The current...

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A few weeks ago I made an analysis on XLM. Here I argued that XLM was trading in a bullish pattern since the reversal from the bottom trend line. With both previous targets close to being achieved, it's time to look a step further. Since we're trading in a bullish channel for almost 1.5...

FieryTrading

Around a week ago I made an analysis on FTM. Here I argued that FTM was trading in an ascending wedge pattern, which is classically a bearish reversal pattern. Furthermore, I noted that the path of least resistance would be for FTM to break through the top resistance and make it's way to...

FieryTrading

Since early august, Bitcoin has generally been trading upward. During this upward move BTC has slowly but surely formed a bullish channel. This bullish channel has appeared on different analyses before, but never as a fractal. If we copy the bar pattern from 21-07 till 29-09, we can overlay it on the current move. Surprisingly enough, Bitcoin is following this...

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Over the past 10 months or so, RVN has formed a huge pennant. With the price slowly creeping up on the wedge's bottom trend line, we could see some strong volatility in the short-term. Seeing the state of the market, I'm expecting a bullish break out, maybe as soon as in the coming week. Wait for a confident break out of the pattern, ideally with a strong green...

FieryTrading

Over the last few days, RUNE has successfully broken out of a 1-year pennant pattern. Currently, RUNE is trading near the first major resistance area, which is around $12 and also a recent local top. A daily close above the $12 resistance could indicate confirmation of the bullish trend. In that case, I'm targeting $15 over the next week or so, possibly $20 if...

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As of a few days, Solana has been on the minds of investors again. In my last analysis I said that we're likely making a move towards the all time high soon, which it did just one day later. Unexpected, but a very welcome move nevertheless. After looking at...

FieryTrading

Around a week ago I made an analysis on MATIC. Here I argued that MATIC was breaking out of a huge triangle pattern. The price was trading around this break out area for a week or so, forming a bullish triangle in the process. The prior 1H green candle launched the price out of...

FieryTrading

Two days ago I made an analysis on LINK. In this analysis I argued that LINK was trading inside a bullish channel and that we're going to see either more consolidation or a break out. Earlier today, LINK saw a nice move up and broke out of the channel. With the market...

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If we zoom out on the weekly chart, we can see that ONE has been trading inside a bullish channel for almost 1.5 years now. During the last half of 2020, we saw an amazing move from Harmony where it made around 3,500% profits in less than three months. Assuming that the price will follow the same pattern, we might be looking at a huge buying opportunity for...

FieryTrading

Around a week ago I made an analysis on AVAX. In this analysis I argued that AVAX was likely to reverse from that point onward and make its way to the $75 target. Today we're seeing a very strong day for AVAX. Investors have been waiting for almost a month to hop in AVAX...

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DOT is currently on its way of making a new all time high. Another strong day like this, and we're practically there. If we overlay some Fibonacci extensions, we can come to a couple of near term targets, rounded. 1.272 extension: $60 1.618 extension: $75 Historically speaking, the volatility picks up after a token makes a new all time high. So, once we've...

FieryTrading

Before we dive into the analysis: I'm very bullish on Bitcoin and crypto as a whole for at least the coming 3-4 months. I don't think we're going to see a major bearish move, like we saw a couple of months ago, anytime soon. However, it's important to share different views on the topic, hence this analysis. ______________ If we zoom out on the Bitcoin chart, and...

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A couple of days ago I made an analysis on GRT. Here I argued that GRT was close to breaking out from the ~11 month triangle pattern in which it has been trading. As of today, we've finally got a strong break out! We're nearing the initial $1 target. With some luck we should reach...

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Over the course of 9 months or so, ANKR has produced a massive triangle pattern. With the market showing bullishness, there's a high chance that this triangle will result in a bullish break out in the near future. A couple of days ago the break out got rejected, which could indicate some weakness in the near term. However, if we see some more green days on BTC...

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LINK has been lagging the market a little. A lot of tokens are seeing substantial gains, but not LINK. Since the September lows, LINK is trading in a tight bullish channel pattern. With the market showing exceptional strength lately, there's a decent chance that LINK will break out of this channel pattern in the near future. In that case, I'm looking at the $32...

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Around a week ago, I made an analysis on ETH. In this analysis I argued that the Head & Shoulders pattern was very bullish and making its way to $4k. In the end, ETH managed to push further towards the ATH around $4375. I was waiting with an analysis to see what the...

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Only yesterday I made an analysis on SOL and the pending break out. I was arguing that SOL was likely to follow the triangle for another while. However, a bullish break out was likely to happen soon. And indeed, today was the day of the huge break out candle, right through...