FieryTrading

FieryTrading

HNT has been one of my favorite alts since the summer-21 bear market. Since the start of 2021, this token has been following a clear up-trending trend line. My assumption is that this trend line will offer huge support in case the price will drop further. So, in case the price will drop, I'm expecting the price to find support around the yellow marked area....

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Over the last few days we've seen a slight recovery of BTC. Be aware that we're not out of the woods yet, since the overall trend is still dominantly bearish. However, the Pitchfork indicator offers an interesting perspective. The line between the current all-time high and the previous one has the same angle as the line which connects the two bottoms. This means...

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After a decent run-up over the last couple of days, ETH has seemingly bounced from the ~$2600 resistance. If this bearish move gains traction, I'm seeing ETH drop all the way towards the most recent low. Happy trading!

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KCS is one of the few tokens which has succeeded into printing consecutive higher lows since the liquidation cascade of January 22nd. As seen on the chart, there's a clear dynamic support which causes continuous bounces. I'm expecting the price to pull back towards the trend line in the coming days. In that case, it would be a very decent short term trade. This...

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GALA has been one of the hottest cryptos of late 2021. In a mere 2 weeks time, this token gained over 900% profits, all due to the metaverse-hype. However, this metaverse fueled move has caused GALA to make a huge bubble-pattern. I'm sure that you have seen the picture on the left before, so I won't go over it too much. Most importantly, I think that we're...

FieryTrading

With the Bitcoin dump kind of over, ROSE found strong support on the upward sloping trend line. This trend line has been holding since late July. Every time ROSE has visited this trend line, it held, and eventually caused a huge move up. Assuming that BTC has bottomed, I wouldn't be surprised if we're going to see another strong bullish move in the coming...

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After a massive bearish move, ALICE has seemingly found a temporary bottom at the lower bound of the channel. Assuming that both BTC and stocks will not make new lows, I'm looking for a strong reversal from ALICE in the coming weeks. Targets are at the green and red lines of the channel. Happy trading!

FieryTrading

After the massive decline in crypto over the last couple of weeks, it seems that we've found a bottom for the time being. BAT has found support right on the 1.5 year support line, which goes back all the way to the march 2020 crash. If BTC will not make new lows in the coming weeks, I'm expecting BAT to see a strong reversal upwards. Targets placed at $1 and...

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Since hitting the all-time high during May-21, VET has been trading bearish-sideways. During this period of sideways movement, a bear flag has been drawn on the chart. Be aware that this assumes that the current bearish move is over and that the bottom is in. Assuming we're going up from here, I'm expecting a bullish move towards the top of the channel. We can...

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Like many other cryptos, ETH is currently seeing a very strong reversal from the lows of last week. ETH was one of the fastest tokens to sell-off during the last couple of months, so investors are scooping up lots of ETH for cheap. Current target for the reversal is the area between $2850 and $3100. Keep an eye out for the FOMC meeting today. A sudden increase in...

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The USDT dominance chart is not a chart I see on TradingView that often. However, it offers good insights whether investors are selling their crypto for USDT, or spending their USDT to buy crypto. Generally, when USDT.D goes up, crypto prices go down. When USDT.D goes down, crypto prices go up. Since the start of this bull-cycle, USDT.D has been trading in a...

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Bearish pressure is mounting for HBAR, which has been dropping since half October. Furthermore, there's much more downside risk for HBAR for the coming weeks. HBAR is trading in a huge bullish channel, which exists for >2 years now. I'm looking at the yellow marked area for a potential entry. Be aware that we're only going to reach this area if we see more...

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Like the majority of crypto, MANA has seen some consolidation over the last 2 days. However, there's still more downside risk for this token. The lower support is still 20%-30% away, so I'd be patient for MANA. BTC is still in a longer-term bearish trend, so no rush to step in the market. Might very well be the case that MANA will not reach the yellow marked...

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LUNA is one of the strongest cryptos in the market since the summer of 2021. Most drops did very little to this token. However, with the last drop, LUNA got very close to the support of the massive wedge that LUNA is trading in. I'm expecting a bounce from this area, assuming that BTC and stocks won't drop much further. Target would be the top of the pattern,...

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ADA is currently trading in the area of support around $1. In 2021, this area held on multiple occasions. It's going to be interesting to see whether this area will hold or not. Everything depends on BTC and the overall stock market. If those drop further, so will ADA. In that case, I'm looking at the $0.7 area for a potential shorting target. Happy trading!

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Over the last couple of months I have made a lot of analyses on MATIC and the bullish channel it was trading in. However, since last week's capitulation the bullish channel is not our pattern of focus anymore. If we zoom out the chart, we can clearly that MATIC has bounced from the support line, which goes back all the way to May-21. In case of a bounce, I hope...

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Investopedia: The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. Traders use the RSI indicator to scout for bottoms. Generally, the indicator gains more value when used on longer time frames. If we look at the 3-day RSI, we've...

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Bitcoin is currently in the middle of a very strong correction, with this week being the most volatile (bearish) week we've got since the May-21 correction. Yet, the correction might go even deeper. It has become apparent that BTC is following a pattern that we've seen before in recent history. When you look closely you can clearly see that BTC is mimicking the...