If you've followed my analyses for a while, you've most certainly seen that I've been watching this bullish channel for a while. Last week, we saw a big green candle on SAND's chart once it touched the lower bound of the pattern. With BTC and stocks seeming more bullish, SAND might've very well bottomed. This would mean that the only way to go is up. For the...
BTC saw a nice +6% move last night. Since then, BTC has seen some consolidation. During this period of higher lows and lower highs, a bull-flag pattern has appeared on the chart. Bull-flags are classically bullish continuation patterns, so the expectation is that BTC will break out bullish in the coming hours. In case BTC will reverse from the top resistance,...
Like most other cryptos, SOL is currently seeing a lot of bullish price action. However, there's still a short-term hurdle to overcome before we can start talking bullish. The down sloping trend line on the chart is currently the strongest resistance which can keep SOL from seeing gains. Once we can break out through the trend line, I'm expecting a strong bullish...
Like many other older tokens, ADA has seen a huge increase in value over the last couple of days. However, we're still in a downtrend, so be wary of entering longs at this stage. As seen on the chart, ADA has been trending down ever since hitting $3 last summer. During this period, a strong down sloping trendline has been keeping the price in check (and...
A little while ago I made an analysis on EGLD and the long-term bullish channel it was trading in. Since my last analysis last week, EGLD has gained over 20% and is one of the major gainers of the current market. I'm making this post to inform you that we're closing in rapidly on the $200 resistance area. This area is a previous local top, as well as an...
EOS has been a very weak token this current bull-cycle. Where other tokens see returns well above >50x, EOS struggled to make a 10x in the same time period. Furthermore, EOS has been in a huge down trend since topping in early May last year. However, we might see some kind of relief bounce occurring in the near future. EOS is currently trading near the all-time...
ATOM has been trading inside this bullish channel for almost two years now. Every time the support area of the channel was hit, a strong bullish impulse followed. As of now, I'm not yet interested in ATOM. Once we're trading on the channel's support line I'll be scouting for potential entries. In a couple of months time, this token might end up >$75. Patience is key.
A little while ago I made an analysis on ETH and the bearish channel it was trading in. In this analysis I talked about the $3000 being my short-term bullish target, and that a minor correction was to be expected after reaching this area. The $3000 area indeed ended up being an area of resistance, as ETH is currently seeing a rejection from that area. From...
Ever since reaching a climax-top in August of 2020, OMG has been trading in a well-defined megaphone pattern. This week, OMG saw a huge green candle after bouncing off the support of the chart pattern. Generally, big candles like these are a sign of acceptance of the support/resistance and can mark trend reversals, which is exactly what I'm aiming for. Long-term...
FTM has been one of the major gainers of the current bull-cycle, where it bottomed around $0.0017 and topped recently around $3.50 During this period, FTM saw two major crashes where FTM lost over 70% of its value. The most recent crash from $3.50 to $1 would be the third one. Looking back at what happened I deem it realistic that FTM will see another leg up,...
ROSE has been one of the main coins that I've been watching over the last year. A good team with good prospects always deserves some attention. If we take a look at the chart, we can clearly see that we've had two bullish impulses already for this token. One during the first run-up of BTC, and the last bullish impulse after the summer-21 bear market. With BTC...
Today, ETH/BTC had a very good day. First of all, ETH gained substantial ground against Bitcoin, making ETH more valuable and desirable in the process. Second, and most importantly, ETH/BTC has broken out of the downtrend in which it has been trading since early December. Ethereum is a more 'risky' asset than Bitcoin. If ETH gains against BTC, that means that...
Since topping out in April last year, XMR has seen a strong down trend. During this period, XMR has formed a falling wedge pattern. Classically, falling wedges are bullish reversal patterns. With the crypto, and especially the stock markets, seeing nice gains lately, the probability for XMR breaking out bullish increases by the day. However, the break out is not...
As seen on the chart, the total marketcap of crypto is slowly but surely going to break out of this triangle consolidation pattern. In case of a green weekend, we can assume that the current attempt will be successful and that next week will have decent market conditions. However, we can just as well fall back into the yellow area and trade there for another...
If you follow my analyses, you've seen that I've talked about ETH's bearish channel before. Where I was generally quite bearish, today something bullish occurred. We've broken out of the bearish channel via a massive green candle. I'm not celebrating yet. I'd like to see another big green candle either tomorrow or later this week before I can say that the (local)...
Since the early days of 2022, the NASDAQ (the index of technology stocks in the USA) has been in a strong down trend. During this period, the NASDAQ has followed a bearish channel pattern. After last night's FOMC interest rate hike, the index appears to be breaking out of said bearish pattern. However, we're not there yet. If the rest of the week will be red,...
AVAX has been holding up relatively well over the last couple of months. Where other alts lost over 70% from their recent top, AVAX is currently trading at a 50% discount. However, I think there's still more potential downside for this token. I'm not interested in AVAX as of yet. The area I'm looking at for a potential long-term buy in is located at the bottom...
Over the course of several months now, MANA (and most other cryptos) have been trading bearish. However, MANA appears to be trading on a massive bullish support area within a bullish channel pattern. Best case scenario would be for MANA to see some kind of huge inflow of buyers, creating a big green daily/weekly candle to confirm the change in trend. Especially...