A while ago I made an analysis on LUNA and the potential bull-flag it was trading in. This signal ended up a great success, congratulations if you took the trade. As of today, LUNA is trading above $100. I wanted to make a post to spread awareness that LUNA might face some short-term headwinds since it's rapidly approaching the all-time high value of $104....
M1 Money Supply (M1SL): " M1 is the money supply that is composed of currency, demand deposits, other liquid deposits—which includes savings deposits. M1 includes the most liquid portions of the money supply because it contains currency and assets that either are or can be quickly converted to cash. " - Investopedia The M1SL amount is important since it tracks...
A while ago I posted an almost exact copy of this signal. KCS was residing near the bottom of the horizontal channel and looking for a bounce. Today, KCS is yet again trading near the horizontal channel's support. If we get a nice green day tomorrow (ideally an engulfing bar) I reckon that we're going to see further strength towards the $21 area. Happy trading!
AXS has been one of the best performing tokens of the current cycle. However, investors are quickly getting rid of this token, as you can clearly see on the chart. Most of you have seen a bubble formation before. This is exactly how it looks like. Unhealthy and unfounded growth, which ends up in a strong dump where most investors lose money on. As of now, AXS...
A while ago I made an analysis on FTM and the horizontal channel it was trading in. If you took the trade, there was a nice 20% or so to be made. However, since then the macro outlook has shifted dramatically with Russia invading Ukraine and we're back at the lower support again. This time I'm not so sure that we're going to reverse. Most likely scenario would...
LUNA has seen some massive gains over the last couple of weeks. However, since some days LUNA has been trading a bit bearish. As seen on the chart, the period of consolidation could very well end up as a bull-flag pattern, which is classically a bullish continuation pattern. The safest way to trade this pattern would be to wait for a new higher high to be made....
Over the course of a year, ETH has been trading inside a huge bullish channel . On several occasions, this channel has functioned as a strong support and resistance are. It appears that the lower bound of the channel is holding for now. However, the bounces from the support are getting weaker every time. As it looks now, ETH is forming a bear-flag, signaling more...
In yesterday's BTC analysis, I looked at the area between $40k-$41k for a potential support. In case the price fell through that area, I foresaw more bearishness towards $37k or even lower. Since it's weekend, the markets are experience some relief from institutional traders. This is a period of neutral trading, which allows alt to do some catch-up on lost...
Ever since the hype-top last year, DOGE has been in a huge bearish move. Even the Q3-Q4 bullishness in the market couldn't help DOGE. As seen on the chart, DOGE has been following a strong bearish trend line. I'd assume that this trend line will hold in the coming months. Ultimately, I think that DOGE will reach $0.05 again in a couple of months, unless...
Recently I made an analysis on BTC. In this analysis I wrote that we were very extended after a massive bullish move, and that a correction was likely to occur. As of today, we've reached my initial area of support. If there's going to be a reversal, it will happen in the coming 48 hours. Wait for a strong bullish candle to bring us back above $41k, ideally...
EOS has been one of the weakest cryptos of the current cycle. Where many tokens from the previous generation saw some decent gains, EOS saw "just" +700% gains and is currently giving everything back to the market. For instance, we're trading close to the lows of the corona capitulation event. Recent price action has been overly bearish, where the general market...
Since December, MATIC has been trading in a clear down trend, adhering to the bearish dotted trend line. However, during the last few days there seems to be an uptick in bullish sentiment across the markets. Will it be enough to change the longer-term trend? The yellow indicated area is going to be of great importance. If we manage to break out bullish, there's a...
Recently I made a short-term analysis on ROSE, which has played out well. Today I want to take a look at a longer-term pattern in which ROSE has been trading. Over the last few months, ROSE has been trading bearish alongside a very distinct bearish trend line. Earlier today, ROSE rejected from the trend line and lost a couple of percent. However, there's still...
Since a year or so, FTT has been trading inside this bullish channel pattern. Since the start of the year, FTT has been bouncing around the lower bound of the channel, presumably waiting for some good news in order to move back up. Be aware that we might go for another re-test of the lower trend line in case we get more bad news. However, I think there's a decent...
With EGLD finding support late January, a bullish channel has been formed on the chart. This pattern goes back all the way back to 2021, so we should definitely pay some attention to it. Over the last couple of days, we've seen another bounce from the lower trend line. If we can get some bullish news in the coming days, I'm expecting a move towards the $200 area....
Yesterday I made an analysis on BTC where I stated that BTC has successfully formed a higher-low and that the weekly uptrend was confirmed. Within hours my initial target area was reached, congratulations if you took the trade. After such a massive move, it's often the case that assets need some time to catch their breath. This in good in the long-term since it...
I've been following KCS's price action on foot over the course of several months now. KCS is one of the stronger tokens with a fairly decent use-case backing it up. In my last analysis I focused on short-term price price action, with great success. With today's analysis I'd like to focus on a more long-term time frame. As seen on the chart, KCS has been...
Some time ago I made an analysis on BTC and the potential re-test of the descending bearish trend line. With today's massive green candle, we can safely say that the re-test of the trendline has been successful and that the bullish reversal has been confirmed. Assuming that the Ukrainian conflict will not escalate beyond their borders, we can see more bullish...