FieryTrading

FieryTrading

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...

FieryTrading

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...

FieryTrading

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...

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BCH has been trading in a bearish pattern for almost 6 months. However, with BTC making a new all time high today, BCH has finally broken out through the resistance line and is moving up quickly. I'm looking at the $650 resistance to be broken before being 100% bullish. First major target is placed at $800. Happy trading!

FieryTrading

With Bitcoin making a new all time high, alts are prone to follow Bitcoin and go up. ADA has been trading in a consolidating pattern for several weeks now, with every break out getting rejected. If ADA manages to confidently break out of the triangle pattern, I'm expecting ADA to rise towards the $2.55 resistance level, potentially $2.75 if we see some parabolic...

FieryTrading

Today, Bitcoin has finally made a new all time high after a ~6 month period since the last top. I want to take this moment to congratulate everyone who held strong to their (bullish) beliefs and held on to their coins. My next targets for Bitcoin are based on the Fibonacci extensions 1.272 and 1.618. First target at $75k, second target at $87.5k. I'm not...

FieryTrading

Recently I made an analysis on ROSE. I argued that ROSE was trading inside a bullish channel and that it was likely to follow this pattern in the near future. The first dynamic support in the previous analysis didn't hold, as the price broke right through it. Now, all eyes...

FieryTrading

Over the last two months or so, Solana has been following a clear triangle pattern. With SOL coming from a strong bullish phase in August, this pattern is classically a bullish pattern, so I'm expecting a bullish break out soon. Couple of days ago we had a bullish fake-out. It seems that SOL needs more time in the triangle, although the end of the pattern is very...

FieryTrading

FTM has been on a massive run since the July lows. However, FTM has been forming an ascending wedge over the last two months, which is classically a bearish pattern. If FTM were to follow the wedge pattern, we can soon expect both a new all time high and a reversal from the pattern resistance. This would be around $2.60. In case of a reversal, I'm looking at the...

FieryTrading

Since early October, DOGE has seen two strong bullish moves, of which the last is happening as we speak. There's still a decent chance for DOGE to reject the top resistance and go down again. In that case, I'm looking at the bottom trend line for a potential reversal. In case of a break out in the near future, I'm targeting $0.30 for the coming weeks. Happy trading!

FieryTrading

BNB was one of the first top coins to exit the September correction. However, after the initial push upwards, BNB's price action has cooled down. During this period of consolidation, BNB has formed a bullish channel. With BNB closing in on the top resistance of the channel, there're two options. The bullish scenario would be for BNB to break through the top...

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With Bitcoin on the verge of making a new all-time-high, I'd like to shed some light on Bitcoin's past performance after it prints a new all time high. Below you can see all the previous all-time-high break outs of Bitcoin. It's difficult to determine the top from these charts alone, but we can see a clear pattern in time that it takes to see a +100% gain. On...

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As of yesterday, QNT has broken out of a long period of consolidation. During this period, QNT has lost almost 40% of its value. I was initially waiting for a re-test of the upper trend line of the triangle, but it seems that investors are pushing the price further up without a re-test. Assuming that Bitcoin will remain relatively bullish, I'm looking at a $350...

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Around a month ago I made an analysis on GRT. Here I argued that GRT was trading inside a triangle and was likely to follow this triangle for the coming weeks. As it appears now, GRT is nearing the outer point of the triangle. Statistically, a break out should happen soon and...

FieryTrading

Over 2.5 months ago, I made a long-term analysis on XTZ and the bullish channel it has been trading in since it's inception. It appears that investors were watching the exact same channel. Since the price touched the upper resistance of the channel, XTZ has seen a bearish...

FieryTrading

Recently I've made a couple of analyses on MATIC's massive triangle. See below. As it stands now, we're currently on the verge of confirming a break out of the pattern. Chances are that the price is currently re-testing the top resistance in order to confirm the...