After the aggressive drop of Bitcoin, alt coins followed, giving us good buy opportunities. We can see the BNB could form a double bottom on the HTF around the 430 area. Ideally we would like to see this area hold and BNB go back up from here, but if we drop lower, we have support at 380-390. Targets are : 505 550 600 630 680 750 Of course, its movement will be...
SNX has been consolidating in this channel since mid February and now broke out on very high volume. High volume indicates that SNX will go higher and break the current ATH. Targets are : 29 (ATH) 39 (fib 1.618) 50 (psychological resistance) 55 (fib 2.618) Support is at 21-22, then 19 However, if bitcoin drops aggressively SNX's trend can be put on hold, don't...
CAKE bounced off the 38.2% of the fib on high volume and is now headed back up. Anything below 30 is a very good entry in my opinion. Targets are 35 40 44 52 65 Support is the 22-24 area. Any questions? Good luck traders Remember not to break your rules Habib
KNC has seen some price pain in the past couple of months, but with similar projects such as KAVA and CELR having made big moves, I believe KNC will follow along. We can see that KNC had a nice run up in 2020, and right now we are looking for a continuation of this previous trend. To me, we are starting another run, and it looks like KNC is at the same point that...
After a deeper analysis, I have found that in all of its previous cycles, BTC broke below the 21 EMA on the weekly chart only ONCE (in July 2013). Looking at the weekly chart now, BTC is testing the 21 EMA again, and what history shows is that it will bounce. I said on my last post that BTC could pullback 40% to 38k, but I overlooked this important element (the 21...
We can see that LINK bounced off the golden level of the fib (61.8%) giving us a good buy opportunity. Targets are 45 (resistance) 50 (resistance) 54 (fib 1.619) 70 (psychological resistance + fib 2.618) Support is the lower part of the descending channel drawn on my chart Again, keep some USDT on the side just in case BTC drops lower. Any questions? Good luck...
We can see that DOT bounced off the support area (pink rectangle) and is giving us a good buy opportunity. Targets are still the same (50, 62, 84) Don't forget to keep USDT on the side in case BTC pushes lower, so you will be able to add to your positions at lower prices. Any questions? Good luck traders Remember not to break your rules Habib
BTC broke below our resistance area and rejected the 51K resistance level after the consolidation on may 14-15. Looking at previous cycles, BTC will drop around 40% putting it at 38K. This being said, I expect BTC to drop to 38-40k, which is a healthy correction, nothing to worry about in my opinion. I don't think the bull run is over and BTC should easily bounce...
MATIC broke above the descending resistance and is now sitting at all time highs. This play has been getting more and more attention which leads me to believe that it can go much higher. Targets for now are 1.4, 1.8, 2.5, 3 and 3.2 Support is at 1 Any questions? Good luck traders Remember not to break your rules Habib
After its pullback from 14.9 EOS bounced at 9.4 and is now sitting just below 11 and is a good buy in my opinion. Target are 12.2 (fib 50% + resistance), 15 (ATH), then 18 and 24 Support is at 9.4 then 8.9 Any questions? Good luck traders Remember not to break your rules Habib
After an unexpected tweet from Elon Musk yesterday, Bitcoin just plunged straight from 54k to 46k. We can see that Bitcoin bounced from the support area on my chart (pink rectangle). The candle formed at the bottom of the move was a hammer on extremely high volume (in fact, this was the highest volume on a 4H candle since 23 feb) indicating signs of a reversal...
BTC hit 58k and pulled back for the 4th-5th time. However, it bounced off our ascending support level, and yesterday the dip got bought up very aggressively, meaning bulls are still holding strong and bears aren't able to take over. If BTC breaks below the ascending support, we want to see a hold of 51k. If 51k doesn't hold, it would be a bad sign. For now, I am...
AVAX is breaking out from its channel and giving us a good trade opportunity. Market is mostly down today while AVAX is pushing higher which is a sign of strength. Targets for now are 48, 54 and 60. Support is at 34 Any questions? Good luck traders Remember not to break your rules Habib
After its aggressive push to 180, ETC mean reversed and bounced off of 91 which was the previous 2.618 of the fib. It is now sitting just above 100 at 107 giving us a good buying opportunity. My initial final target was 132 (which got completely shattered) but we now have new targets : 125 (resistance + 38.2% of the fib) 146 (resistance + fib) 180 (ATH) 235...
Gold formed a cup and handle pattern as you can see on my chart. If we break out of the handle to the upside, I expect gold to head towards 2,500 and 3,000. With economies heavily distorted, the money supply increasing (which will probably keep going up as governments print more and more money) and there being a lot of leverage across all risk assets, I am very...
After the aggressive pullback on may 3rd and 4th, Bitcoin bounced off the ascending support level at 53k and now closed above the descending resistance level that it rejected around 3 times. Again, we are still looking at 59k as the major resistance level, a break and a close above it should give us continuation to the upside and back to ATH. Resistance levels :...
CARDANO is looking very strong right now after breaking out from the LTF channel on may 5th and now from the HTF channel. This is a major break and we could see CARDANO move much higher. Target for now is 2, support is at 1.48 Any questions? Good luck traders Remember not to break you rules
ETH has been lurking around the 2.618 of the fib at just over 3500 and now looks like it could be ready to break it. By looking at the ETH/BTC chart, I believe that ETH has a lot more upside. Targets for now are 4k and 4.4k Support is at 3.2K Any questions? Good luck traders, Remember not to break your rules Habib